seema mody starts us off from the new york stock exchange. >> reporter: stocks rallied llowing evening tensions in hong kong plus data out of the fed beige book. carrie lam recused the controversial extradition bill. activity picked up in the mth ugust while one data point doesn't make a trend, economists say it isn encouraging sign at the moment. dow closing up tripl digitsin er yesterday's losses. comcast, i, even coca-cola hitting new highs in today's rebound in today's oil prices added to the positive ne. wti crude up by more than 4%.ll traders are s concerned about the longer term risk of a larger trade war and tariffs eating into corporate ofits. investors will be watching for the august adp numbe o tomorrow morning with who gets a first look at the monthly job support. seema mody fornightly business report." >>> in its beige book the federal reserve found the economy growingt a modest pace. a weak spot was manufacturing and that's just the latestut finding of the industrialnd sector. steve liesman tells us what it al means. reporter: the latest data shows the sector is whether c

so they are building brand new high speed acelas with more space and modern upgraduates seema mody climbed apboard >> reporter: seeking to attract more business travelers, amtrak is spending more than $2 million to modernize its acela fleet, trains designed to operate at a faster speed of 160 miles per hour, up from 150 on the current acela. they will be manufactured heesh in the u.s., 9d 3% of the component are sourced locally with the exception of the exterior of the train that comes from italy they promise to accommodate 30% more passengers and be 20% more efficient thanks to to new lightweight technology amtrak easy is the goal is to make it competitive with plane as, cars and other forms of public transit while also addressing safety concerns following several accidents. >> 75% of traveler tws air and rail are choosing amtrak and on the north end which is between new york and boston, we are just over 50% we see a lot of opportunity for growth on the north end. there is an awful lot of business that is growing in the boston area. >> reporter: amtrak is betting the new upgrades will pay

seema mody was following all of the action from theoc new york exchange. >> reporter: for the second straight day, easing global tensions sparked alobal rally. stocks jumped on hopes that the u.s. and china will come to terms on trade. officials from the two countries now plan on resuming high-level trade talks in october. triple digits close i c best two-day rally in three months. a wide range of stocks participated in the rally -- technology, consumer discretionary, industrial stocks like 3m and caterpillar that do business in china, p ps a number of retailers that sourceuc pr and sell their products in china also got a lift, but trade optimism can be short lived, as we've seen in the past, and that's why wall street strategists are remaining cautious.but for now, investors warming up to the idea that tensions are de-escalating between china and the u.s. tomorrow, traders turn their attention to the august jobs report, which may give some guidance on what the federal reserve will do in its next licy meeting. economists project 150,000 jobs were added in the month of august. for "ni

nothing else >> seema mody, bill griffeth, more than 17% last week as the peanut allergy therapy gets recommended for fda approval, we're going to talk to the ceo, dr. jayson dallas, next. in the . and our technology powers markets from indonesia to chile. great markets are built on a foundation of trust and integrity, forged through leading edge technology and a smart regulatory framework. as technology advances, regulation must keep pace to allow the markets to evolve. today we see an opportunity to modernize regulation, to make markets more accessible to investors and entrepreneurs of all sizes. from the graduate buying her first stock, to an institution investing in thousands. the markets belong to everyone and stand as a symbol of economic advancement, social progress and limitless opportunity. that's the tomorrow that we envision and to get there, we'll have to rewrite it today. >>> welcome back an fda advisory panel has given a green light to the first proven peanut allergy program, for more on what this means for the company and the pharmaceutical industry overall, let's bring

robert frank, seema mody and jon fortt here with their takes. first topic du jour, apple fans!the latest incarnation of the iphone hit store shelves today analysts are not expecting big sales numbers from the iphone 11 series wall street consensus is for a 1.5% fall in iphone revenues from the 140.5 billion projected for 2019 but could the combination of low expectations and a refresh cycle hand apple a nice surprise win here jon, this seems custom tailored to you for starting. >> no, it's not going to hand apple a win here well, look, first of all, it's been a year since they announced that they're not going to give out unit numbers to the iphone the stock dropped. it's right back at that same $220 level, so apple's doing fine that said, i think for a few months, apple's likely to trade on greater china sales of this new phone, and china is where 5g is rolling out early 5g phones from china's homegrown manufacturers are rolling out early, and so that apple premium -- hey, look, i've got an iphone -- probably isn't going to mean what it's meant in fast it's going to be, oh, you

the eem that tracks the markets up. >> thank you very much, seema mody. thoughts on eem. >> i happened to be looking at india's gdp today. >> i do that for fun, as well. >> it was a monday morning. it was a little slow in the house. it's one-fifth of china's gdp with roughly the same population. if you're going to get excited about india, you have to ask why is it so held back there are cultural reasons. there are heavily bureaucratic regulatory and tax rooerns. today's move is a very small move in righting the situation. if you want to be in emerging markets, fine. just have india at the market weight. don't overweight india. that's a long way before that situation is anywhere near as good as china's. >> relating to jim personally? >> you had that look about you. >> i just don't see any reason to put any type of big money, maybe waiting to see how it works. emerging markets with the uncertainty in the global economy and with the u.s. still being the best market and most transparent market, with india having issues with the different governments around th

i'm seema mody. >>> joining us to discuss the ramifications isohn killduff. welcome back. >> good evening. >> what are your thoughts? it was a large strike and it wmes at a timen in is off off and venezuela is al line. >> and the fact that prices didn't go higher speaks volumes to the soft demand. the slowing economies, particularly in asia. there was some keyut data of china last night that further evidenced the slowing iustrial impact with the u.s./china trade war is having. the fact that we were able to sort of hang in there, only get wti crude or s. crude above $60 a barrel which is a reasonable level for it in normal circumstances speaks volume t the weakness out thers >> i'm seeing s today two estimates about what the impact will be on gasolin prices i this country. 0 cents, maybe 25 cents. what do youthink? and what can the u.s. industry do to try to mitigate some of that? >> there's no shortage for arters. neither for crude oil, nor gasoline nor any of the refined products. in storage, plenty made, plenty of crude stock iny invento continue to supply

seema modi reports from new york city. >> reporter: american companies are lacking to expand their operationsn india. a growing emerging marke with 1.3 billion people. the opportunity to expand into great that top executives including jp morgan chief executive and the ibm ceo metrs for two ht a private meeting with indian prime minister narendrausodi. but as the opportunities are great, so are the challenges. ceos used the meeting t voice concerns. >> i thought it was a really good conversation. you had some of the biggest ceos in the americ prime minister gave almost two hours of time and listened to a lot ofdeas as well as issues. and i think people were qte candid about some of the things they think india needs to do. and he was receptive to hear the. >> the timing of theting cos as india as economy slowed to a 6-year low and unemployment rose sharply. according to sources in the meeting modi tried to calm concerns abouthe slowdown. referencingax cuts unveiled last wee tst he say will have positive impact on the economy. >> i think the prime minister when he walked in he had the ceos a bit

. >>> seema mody has a breakdown seema? >> take a look at germany's dax.market there is setting to post its worst dade since august as new data reignites fears. here's data. german activity hit its lows since 2009 while the service sector improved at its slowest pace putting pressure on the german government. the euro's auto, mining, and banking sectors trickling down 1% or 2% peugeot, germany's commerzbank among the worst performers, but the other big story has been the tour company collapsing overnight after it failed to go anywhere what's at stake? 21,000 jobs, 100 uk travelers stranded abroad along with others it's the largest situation as others work to bring uk citizens home thomas cook has been wrestling with 2 million in debt they could stand to cut capacity the other bing story is how the uk prime minister boris johnson has touched down in new york, see how he plans to respond to this general story back to you. >> see ma mody watching europe for us. >>> when we come back, an exclusive look inside we works boardroom. the latest in the we work saga

i'm seema mody. ten year yield is on fire this week as equities rally in hopes of a trade war resolution rise. how much trust can we really put into this week's rally in the ten year >> i think we can put a lot of trust in it. when you look at interesting rates, they have rallied hard. 195 was sort of a support level. it seems like we want to retest that. maybe we maybe go back down towards the 150 mark but if you are not dumping trerk treasury, i think it is crazy. we can didn't see below 150 for a very long time unless raid talks reverse itself i think the rally is here to stay >> and is there a path above 2% on the ten year? >> i think months of june and july it zigzagged just north of 2% in think it is heading back to that area. probably things have to change, perhaps the trade war has to actually be solved, but i think that it is heading back there. >> thanks, gentlemen check out futuresnow.cnbc.com. halftime report is back right after this (indistinguishable muttering) that was awful. why are y

. >> coming up in a moment, let's focus on the big stories we are watching today seema mody covering the rally and protests out of hong kong, details on the beige book out this afternoon i'll take a look at fresh comments from fed officials. wilbur with the latest on brexit chaos. cortney watching market movers and mark has the dashboard seema mody, to you overseas. >> positive sentiment started in asia after carrie lam with drew controversial extradition bill that sparked months of protests in hong kong shares gaining 3%, best day since 2015 the market took it as a sign china is potentially giving in activity in china's services sector, pick up slightly in august while one datapoint does not make a tren it's an encouraging sign growth sectors, oil higher, oil prices up 3% after new u.s. sanctions were imposed on iran this morning them there are a number of stocks hitting new highs today coca-cola, pepsi at an all-time high walmart and lockheed martin down. >> thank you federal reserve releasing beige book ylan mui has that. >> reporter: no change if the beige book still finding the

. >> deirdre bosa, thank you >>> seema mody >> hello, morgan the move today enlarge part due to the kneeon. energy stock being the best on monday to one of the worst performing group in europe today. how some of europe yeoil response -- it comes as prime minister modi is expected to meet with houston this weekend we are getting some encouraging news on germany. economic sentiment bouncing back in the past month as some concerns start to ease around u. u.s./china trade tensions. the results still some what bleak business moral sitting near an eight year low carl, sending it back to you >>> all right, seema, thank you very much. let's get a news update this morning. sue herrera is back in hq. >> thank you very much contract talks between gm and the uaw are set to presume after a pause over night this is a strike by nearly 50,000 employees extended into a second day a uaw spokesperson says process is being made. >>> britain highest court is in session. it is a struggle to control the course of brexit a lawyer told the court that prime minister johnson illegally suspended parliament >>> a mo

great day for calf nated drinks and video games with the worst days here on the nasdaq over to seema modyt the new york stock exchange. >> thank you, frank. a strong day for stocks here in the u.s. but overseas, as well similar to yesterday, the gains started overseas, china ending higher by 1% even europe joined in on the global market rebound despite that lackluster factory numbers out of germany the dow up 481 and we are off the highs of the session but industrials, tech, big banks driving the dow up dow closing at 26,710. s&p at 29 75 up 1.3% a lackluster moves for the day >>> if you are just joining us, good afternoon welcome to "closing bell." i'm wilfred frost. >> i'm sara eisen with mike santoli. very strong day. the dow closing up 373 1.4% s&p 500 good for a gain of the fifth gain in the last six sessions nasdaq leading the charge up 1.75%. the russell 2000 index with a very strong day, every group in the market higher, wilfred, led by tech and financials except for the defensive plays that benefited from low yields. it was a reversal of that trade with the yields popping today.

. >>> seema mody has a breakdown of today's action overseas >> let's look at how the impact of the saudiy attack is playing out in europe the focus is on russia, whether they'll step in, increase production following the attack over the weekend that impacted 5% of the global oil supply. alexander novak, russia's energy minister said he was assessing the situation. remember, germany and france are among ctop importers of saudi oil. in terms of stocks and reaction, weaker than expected economic data weighing on shares with industrials and tech, with airbus down 3.3% and then you ever oil explorers and producers getting a big boost this morning, more regional players, tool and london oil, and bp, you can see all rallying the other side of the story, transports, particularly airlines like ryan air and air france, down about 1 to 3.5% in today's trade. one of the bigger questions is how central banks will respond remember, in addition to the fed we had bank of england, japan, brazil, norway, switzerland among others meeting this week that will certainly be a big topic that's likely to come up

seema mody has today's action overseas. >> hi, carl.ets slightly higher, boosted by fresh stimulus measures out of china banks are one of the best performing sectors commerzbank plans to cut jobs. they'll sell a stake in a polish subsidiary, expected to reduce assets by 17 billion euros when talks with deutsche bank fell apart, the stock hit a record low, is trying to streamline business. >>> brexit back in the spotlight, a brexit deal could be reached by october 31st the pound hit a two month high, but dropped after the irish foreign minister dampened expectations another global market posting big moves, india the stock market seeing the biggest jump in a decade after the indian government unexpectedly cut corporate tax rate from 30 to 22%, making it one of the lowest in asia, ahead of prime minister modi's rally in houston, texas where president trump is attending top of mind, the trade dispute between washington and new delhi. jon? >> thank you. >>> let's get a news update. sue herera has that also at hq. >> indeed i do, jon, thank y

seema mody has the action. >> a bold call from jpmorgan, they upgraded european equities to overweightwngrading u.s. stocks, citing a tactical window opportunity. they point out european stocks have underperformed the u.s. by 20 percentage points since last may. stocks in europe are lower across the board for the month, there they are, higher for the month they clocked in the first gain since june, stocks in germany, france, italy up 3 to 4% in september. that's partly due to the ecb and weaker euro which trades at a two year low against the u.s. dollar big stand outs in europe easy jet, travel operator tuey up 17 to 19%. inflation dropping to 0.9% from 1% in august, and unemployment fell to 4.9% near record low. the question is whether we'll get some fiscal reform from the german government, likely a big conversation as we kickoff a new month. carl, back to you. >> thank you very much as we mentioned, last trading day of the quarter look at the best performers for the dow. apple, depot, nike, walmart rounding out the top five. more "squawk alley" in a moment. coming out of the infrast

seema modi is at the new york stock exchange they are getting a boost. >> they are. while the chinese economy is slowing certain parts of the economy may be stabilizing overnight activity in the server vises sector in china picked up. that plus the hong kong development providing relief on the trade front. industrials with the china exposure, caterpillar, 3m, united tech were powering the dow today. then there is the chip stocks which have been moving in tandem with china trade headlines kla corps, appliedaterials and micron are rebounding. there could be a meeting in september, yet to be confirmed. >> we have been getting a lot of headlines from fed officials in the last 24 hours. one thing is clear the fed isn't united on the rain-out look. steve liesman is here with more. what does it tell us about powell >> if it feels or seems like the fed is all over the place, it is we have divided what we think are all the comments made by fed officials into three buckets let's go through them. the economy doesn't warrant a rate cut yet we got four, five, maybe six people who

. >> 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

liberty, liberty, liberty, liberty ♪ >>> european markets are set to close in just a couple minutes seema mody breakdown of today's action overseas. >> if you look across europe, the uk is the outperformer today in large part due to the london stock exchange shares are surging more than 6% after hong kong's exchange made a $36 billion bid to acquire its london-based rival this comes just weeks after the loc agreed to snap up refinit viv in a $27 bill. >>> tomorrow mario draghi expected to unveil broad monetary policy packages before he hands over the reins to christine lagarde. recent commentary from traditional hawks suggest draghi is running into significant resistance and that's why the size and content of the package is still in doubt. jpmorgan forecasting rates to be cut by 10 basis points and quantitative easing package to include 30 billion euros of bond purchases a month which will likely result in the european banks stepping up their complaints about negative interest rates on deposits since the last acb meeting in july, european banks are down about 3% and the broader european stock

. >> 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

and joining us is seema mody >> wilf, oil closed up by over 14% on the day, but at one point was up as much as 19%, the highest daily spike in history, following saudi oil facility attacks, which knocked out 5.7 million barrels of output. roughly 5% of global supply. energy is the lone outperformer today, thanks to higher oil pri prices you have devon energy up 13% and some of the major producers like chevron and exxonmobil also higher on the day. key questions that traders are now trying to answer, how long will it take saudi to return to full capacity? meantime, how will opec respond to limit oil disruptions and will key importers in asia look to alternative suppliers for oil like ugrussia and the us sarah? >> all good questions. seema, thank you the trump administration weighing in early and pledging to support saudi arabia. eamon javers has more from the white house. eamon? >> reporter: sara, that's right. the trump administration is weighing in. we're hearing from some cabinet skrars he secretaries here, they are willing to go so far to place the blame for these attacks directly o

here to take on the headlines are courtney reagan, robert frank and seema modi welcome, everybody first up, smile direct club. not a great debut. shares opened below their ipo price. down nearly18% this is on pace to be the worst ewunicorn debut of the year. even worse than uber, because that was down 7.5% we just mean a billion dollars in size or larger. not great. >> not great and it's also interesting how many other competitors are out there. there are two or three that have been rise e raising a lot of pr equity one told "the wall street journal," everyone has teeth, everyone has noses, too. but we're not going to have nose straightening technology over the internet >> i hate hearing the total addressable market it's everyone with a pair of teeth. is someone going to invent a better mouse trap? candid is a company i've seen all the time >> leslie's interview was terrific where she was raising some medical concerns from doctors and orthodontists about gum disease and all these other issues which are scary >> if you look at align technologies, that stock is down over 50% it's patents

i'm seema mody and this is futures now. a stronger dollar helping push oil lower and natural gas a getting hit hard on pace for its worst day in more than two months let's bring in jim iuorio. what are you making of today's big move in nat gas? >> what i found interesting is it's made a higher high before the eia report then after it came out, made a lower low and was pounded ever since. technically that's a bad signal. if tomorrow it trades below today's low which we haven't even established yet, i think 2.20 25 is my target on the downside i think this is a significant move today >> anthony, how big of a role is weather playing in this today? >> well, it's weather and production u.s. production is at a record high right now i'd like to call it the in between season you're not using it for heating or cooling right now demand will drop i agree the trend is lower right now. we're below the 21-day moving average. but the 50-day coming in at $2.13. >> that does it for us anthony and jim, thank you check out our live show comin

. >> all right >>> well, european markets are just closing and seema mody joins us now with a breakdowntoday's action overseas. >> big move here and big move in europe markets rallying following gains in asia and renewed hopes of progress between the united states and china on the trade front. it is those trade-sensitive sectors, even in europe, tech and autos, that are the two standouts in today's trade even industrial names like this issen kropp aremoving higher despite moves that german manufacturing orders fell more than expected in july. there are also two strong earnings reports to take note of first, it's france's defense giant, dassault aviation it maintained its full-year target rising demand for business debts in the u.s. really helping its bottom line growth while melrose industries, another stock to take note of, the british industrial turnaround specialists says they were fighting off the broader downturn through cost-cutting measures and that stock is up 8% a quick check on the british pound, adding to yesterday's gains against the u.s. dollar following back-to-back defeat

i'm seema mody time for etf age consumer staples stocks poised to close at new highs. etf lows prove it. staples etf seeing $1.3 billion in in flows over the next month. do you stick with safety here despite high valuations? david and steve joining me to discuss. so, dave, do you think this rally can last earnings had been good for consumer staples but not great >> it's really been driven by retailers. the thing that makes me concerned is valuations are quite higher looking at forward pes north of 20. and you are pulling in things like tobacco stocks which seem like a risky play in a market like this. >> david is being extremely decisive and cerebral about this unfortunately, the market hasn't been the market has been hunting for defensive plays and safety plays. >> and yield >> and yield but think about it a utility is going to do better during a recession they can pass on those rates to the clients that they serve. or during good times, it's also going to do well as well so i think that they are safety bets i do think that they can extend their gains for the year >>

. >>> let's dive deeper into today's market action with seema mody on the floor of the new york stock exchange. we've made up a lot of ground since the first tweet about those new tariffs. >> yeah, that's exactly right. stocks once again getting excited about a meeting between u.s. and chinese trade officials in october the s&p 500 getting close to trading at highs hit back in july before president trump unveiled new tariffs, but strategists still remain cautious. we have seen this movie before trade optimism lifting markets in early 2019. then broke down in may and in august he wouldn't be surprised if he sees a negative outburst on twitter from the president at some point to erase these gainse with every trade-related rally meantime, markets are up as traders embrace this idea that the trade dispute has some sort of room to de-escalate as you know, progress will be key. back to you. >> seema, thanks very much >>> let's get a check on all the action in the bond markets with the ten-year seeing big moves. a lot of headlines in rick santelli's land today. >> absolutely. a lot of moveme

strategic wealth partners here to do this dance with us, as well >> let's kick off the market zone with seema modybounce in the china markets. seema? >> a number of chinese tech stocks rebounding in today's session after the u.s. treasury said it is not planning to block chinese listings on u.s. exchanges, following a report on friday that said that this was under consideration by the white hou house, sending shares of alibaba, baidu down. today's rebound not enough to help the chinese stock market, which did end the quarter lower by 2.5%, its seventh negative quarter in eight as investors count down to the upcoming trade talks scheduled for october 10th guys >> seema, thanks very much mike, the bounce in the likes of alibaba, less than the four on friday, but this is an important story for the overall turn in sentiment we got from friday to monday for the rest of the markets? >> for sure. we are bouncing in general and they are participating in this bounce but it does show, even though there's been pushback on this story, it's sort of on the radar screen at this point of investors. they don't thi

the guy had everything, everything >> i want to talk more about wework at some point let's get to seema mody some other things >> good morning, david that's right markets rallying after u.s. and china announced they would resume trade talks in early october. that's really raised hopes that both sides are working towards a deal we are up triple digits on the dow. s&p 500 up 1%, now trading at a one-month high it was a very strong session in asia as well we saw china up 1% the japanese stock market up about 2% and europe also higher, despite weak german factory orders released this morning. all of this as the u.s. dollar continues to weaken, down yet another today. that's one of the reasons e emergencyi -- emerging markets are up. tech is rebounding we're looking at industrials and chips. so certainly a risk-on tone to today's market meantime, a number of consumer names quietly hitting new highs yesterday. we had hershey's, procter & gamble, coke as well we'll have to see if they can continue the move to the upside. taking a step back, the dow has now gained around 4% since last monday, tradin

to seema mody. >> good morning, carl. the u.s.erase yesterday's losses in response to some pretty good global data and that news that the extradition bill in hong kong will be withdrawn the dow leaders, coke, pfizer, united tech, and goldman sachs all the names traded lower yesterday and our high with the exception of pfizer down half a percent. look at the hang seng, the hong kong stock market, back in positive territory for the year. but still down about 8% from its june high. the dollar weaker now, which is helping oil move to the upside let's get to the data, august pmi from around the world have come in relatively better than expected, with the exception of the uk and the hong kong the average manufacturing pmi reading rose 0.2 points. italy, france, germany, spain and the eurozone as a whole beating and improving versus july coming off a low base, china services improved. so that's the story. overseas, specific earnings names to watch today, arts and crafts store operator michaels beating estimates by 5 cents on the bottom l

seema mody has the details for us >> juul is preparing restructuring of its staff as it braces for slowernd impending u.s. crackdown this is according to dow jones, quoting sources the e-cigarette company worth noting has about 3,900 employees and has been adding hundreds of staffers in recent months, but according to this report, juul is now going to slow hiring and review job postings and eliminate some staff as it braces for a u.s. crackdown. guys, back to you. >> yeah, seema, thank. >>> tesla shares are sinking today. phil lebeau has more on what's driving the move phil >> a couple of stories that are out there, they're not huge headlines, but they are those that make people say, hmm, could we see some problems for tesla in the future? let's start first with the fact that there's a shareholder lawsuit going on in southern california, regarding the acquisition of solar city. as part of that, some of the documents that were released yesterday include solar city's solvency being questioned by auditors also, ne-yo, the electrical automobile company based in china, its q2 earnings far belo

higher one thing for sure, nasdaq didn't spend one minute in positive territory today, did it, seema mody> you are absolutely right, rick santelli. nasdaq has been underperforming the s&p and dow over the past two days and today it was largely dominated by losses in large tech a notable move in shares of netflix after apple unvideo gamed pricing and its launch date for its streaming product, appletv. keep in mind, shares of netflix are now down about 18% in the last six months. and then there's other losers beyond tech. starbucks and ebay and as we keep on the developments out of hong kong, c-trip, the chinese booking site, guiding rain shower for the third quarter, due to those protests, weaker bookings has been a pain point for a lot of the booking sites and hospitality players. now to bob pisani. >> since thursday, we have had a bottom in treasury yields and we have had a rally in cyclical stocks that is continuing in today, seema. so transports having a great day. norfolk southern, some of the deep cyclicals like caterpillar strong defensive names that have been momentum stocks recent

partner over the weekend the two leaders appeared together at a howdy modi event in houston our own seema-modyroughly 50,000 people gathered at the nfl stadium in houston on sunday the largest rally ever held in the u.s. for a foreign leader. appearing alongside prime minister modi on stage was president trump. both leaders exchanged warm words and talked about the strength of the u.s./india relationship but stopped short of referencing the brewing trade dispute. instead, trump's speech included tough talk on border security, terrorism and hopes to win votes from one of the fastest growing ethnic groups in the u.s >> both india, the united states also understand that to keep our community safe we must protect our borders. border security is vital to the united states. border security is vital to india. we understand that >> the question now if the two leaders can use the fruitful discussions in houston to secure a trade deal trump repeatedly criticized india for unfair trade practices. sources say indians are pushing for a limited trade deal ahead of a bilateral meeting between trump and modi

and modi tees up forthcoming talks in new york this week at the united nations any deal will not likely address ecommerce rules that have challenged walmart and amazon's growth in the country. >> seemao you think that the stalled china trade talks mean for india are they going to be the net winner of all of this as companies look to move their supply chain >> i think if president trump is focussed on winning a trade deal of some sort, then it may potentially incentivize the u.s. administration to ink some type of deal with india in the coming weeks or months. and you wonder with the backdrop of stalled talks with china if that really pushes him to put some type of deal on the table with india. >> seema, i would like to change gears while we have you and it's a spectacular pleasure to have you on s"worldwide exchange," we would like to talk about travel. thomas cook collapsed, literally ended business over the weekend suddenly it's liquidating and also setting in motion what is being called the biggest repatriation about 150,000 brits clients of thomas cook are now basically stranded around the world and being forced to seek alternate ways to get home what happened with thomas cook >