to seema moody for a look at the names moving into the close. hi, seema. >> mike, 42 minutes left in trading. united health leading the dow after posting better than expect the earnings. the health care giant up more than 6%, despite a warning that a cyberattack on its health care unit earlier this year would have an impact on full profits. the stock up about 4% so far this year. let's turn to shopify, that stock is jumping after bank of america upgraded the stock from neutral to buy. the financial firm also increasing the company's price target citing smart spending and revenue growth. the stock is up 8%. mike? >> seema, thank you. we're just getting started here. up next, money in the bank. the financials rallying to a record high today as we've been discussing. now the top sector this month as well on the back of post earnings pops and optimism the fed is getting ready to cut in september. we'll break down whether that trade still has room to run. live from the new york stock exchange. you're watching "closing bell" on cnbc. the dow up 727. ♪

real interesting price action interesting too seema moody.s do from here our next guest does favor the banks as a trump trade but the lack of spending discipline might keep the deficit issue top of mind no matter who wins in november joining us is citi's strategist mark crowner great to see you. >> great to be here. >> before we get to the election cycle, rotation, you want to put an inning on this thing? >> i think we're early innings small cap you were featuring the fact is small cap has had negative earnings growth for the past two years consensus expectations for next year and for the first time in three years you're going to see a narrow roing of the growth gap between large and small. absolute evaluation attractive relative evaluations off the charts explainable because of the mega cap growth leadership typically when you go into the goldilocks scenario, where we get a fed pivot, easing of rate influence, combined with i think sh renewed confidence that we can navigate something to a soft landing the small cap rally has legs here. >> th

seema moody back at our headquarters. mike, thank you as well for joining for the hour.tllime highs. keep it right here. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo >>> good friday morning. welcome to another hour of "squawk on the street." i'm david faber with leslie picker and wilford frost. we're live. carl and sara have the morning off. let's give you lack at markets a half hour into trading. we're up on the s&p and nasdaq. that's new territory when it comes to the nasdaq certainly, leslie. >> we are 30 minutes into the trading session. here are three big movers we're watching this hour starting with tesla aiming for its eight straight day of games up the last full month of trading trying to close in positive territory year to date. currently shares up are about a percent. bitcoin sharply lower down more than 20% over the last month hitting its lowest level since february. we'll do a dive on