." >> simon hobbs in for bill griffith. a big rally on wall street sending the dow back into positive territory for 2015. and the nasdaq is within striking distance now of its all-time high. >> while stocks are surging today, there's actually been a bear market happening in 20% of the names in the s&p 500. we'll bring you the details on those whether the investors should be worried and see opportunity coming up. >>> oil, meanwhile, a major catalyst behind today's big moves. crude prices pumping higher and fueling a big rally in energy stocks. energy stocks are higher today, something we haven't seen lately. we will speak to the number one rated airline analyst on wall street. jpmorgan's jamie baker about why he still has overweight ratings at these levels. >>> and then it's our trump card. ivanka, that is, rising rates are becoming a reality. what impact that could have across the real estate market. and maybe she'll give us insight into whether her father donald trump is going to run for

i'm simon hobbs in for melissa lee. good evening. cnbc's breaking news coverage of the two biggest stories in the after-hours session continues. we start with that 7 for 1 stock split at netflix, and later boeing's new ceo. but first, julia boorstin on netflix. you saw this coming clearly, julia. >> absolutely, simon. the 7 for 1 stock split will be effective in the form of a dividend payable on july 14th to shareholders who have owned the stock as of july 7th. this news of course sending netflix shares trading higher in after hours. this was very much expected, simon. after the company at its annual shareholder meeting about two weeks ago took a preliminary step for the stock, which is expanding the number of possible shares. now, this was key because they needed to get that done before the stock split. two weeks ago i reported that the split would be anywhere between 5 for 1 and 10 for 1. here we are with a split at 7 for 1. right in the middle there. now, the purpose of the split is to bring down the price of the

simon hobbs is in new york taking a pulse on the hotel industry. >> good morning, sarah. over these next three days virtually every major player is here for the nyu conference. we're going to talk to one of the superstars, the rock stars of that industry the ceo of hilton who is arguably making it a two-speed industry as he pulse away marriott -- puts it up for sail >>> also the first interview we've ever had with the ceo of four seasons. they brought in alan smith from to bring in changes. we'll talk to both of them next on cnbc. n kids everyday in our country lack access to healthy food. for the first time american kids are slated to live a shorter life span than their parents. it's a problem that we can turn around and change. revolution foods is a company we started

simon hobbs has more. >> an air of celebration here of the nyu hospital tailty conference. the days in new york during which the biggest names in lodging meet shareholders and analysts. it's a good time to be a hotelier allowing owners to raise room rates toward record profitability. of the big four brands hilton and marriott continue to execute at speed. signing up m hotel owners to open hotels under their branding run by their management teams. >> it's the highest we've ever had, 240,000 rooms. >> which will deliver half a billion dollars of operating revenue down the line? >> run rate ebitda is roughly half a billion yes. >> 25 30% in addition to what we have now. >> that is right, with little or no investment of ours. the problem is cyclical. the good times are set to enter hundreds of thousands of hotel rooms into the market. one analyst here thinks he's hearing rumbling drawbacks not necessarily with the big fall. >> you could almost hear in the audience the owners and the others are growning. that's competition am coulding on to them from next door. >> that's takeawa

simon hobbs, what's on tap? >> fun fact. we're going to show you how you can make money in europe, kelly. fun fact. >> over to you guys. >> thank you. "fast money" starts right now. live from the nasdaq marketsite overlooking new york's times square. i'm simon hobbs in tonight for melissa lee. our traders on the desk are tim seymour, steve grasso, pete najarian and in our own tribute to the drachma guy adami. cnbc's coverage of the sell-off continues. the selling of u.s. stocks intensifying into the close. the s&p falling by 2%. and the dow sliding 350 points. both falling into the red for the year. as the protests in greece intensify. for more on the breaking news out of greece we go to our own international correspondent michelle caruso-cabrera who is live from the streets of athens. michelle, take it away. >> hey there, simon. tonight the greek prime minister doubled down. alexis tsipras appearing on national television here in greece in an interview with local greek television saying that people should vote no in the sur

simon hobbs is at the nyu hospitality conference in new york.lton worldwide. >>> let's got to the road map for the hour the ceo of hilton worldwide joining us for an exclusive interview. we'll get his take on the state of hospitality >>> plus the first-ever interview with the nuismt c oeismt of bristol-myers squibb >>> and intel buying altera for more than $16 billion. david faber will have much more. altera the best performer in the s&p >>> an atlanta fed might update their model to the up side because april construction spending zoomed up 2.2%. let's look at more real-time numbers, shall we? 52.8 we're expecting 52 our last read on revised at 51.25. 52.8 is pretty good but keep in mind in february we were at 52.9. the high watermark for year on the headline was january at 53.5. if we look at xwlomt with adp, and of course the employment report at the end of the week it moved over 50 to 51.7 and of course new orders are always important, moved up from 53.5 to 5.8, so this batch of 10:00 data was actually some of the better data we have seen in

i'm simon hobbs in for melissa lee. our traders on the desk are tim seymour, steve grasso, brian kelly, and guy adami. tonight on "fast" greece hangs in the balance. but the commodities king has a way to make money no matter what the outcome. dennis garman is here to reveal his special trade. plus retail's new reality. why the gap's massive store closings and layoffs could be just the start of many more retailers to follow. we'll name names with a top analyst. that's ahead. but first to our top story. stocks soaring today ahead of tomorrow's all-important fed meeting, begging the question should you buy stocks ahead of the fed? brian kelly, we'll start with you. >> i don't think you necessarily have to buy stocks tomorrow morning on the bell but today's rally was fairly interesting. we got a rally that happened in europe. europe has been driving these markets. despite what seem to be worsen k situation in greece, europe rallied, u.s. market rallied. what do you tomorrow morning? the fed coming out tomorrow afternoon jus

i'm simon hobbs in for melissa lee. good evening.ge of the two biggest stories in the after-hours session continues. we start with that 7 for 1 stock split at netflix, and later boeing's new ceo. but first, julia boorstin on netflix. you saw this coming clearly, julia. >> absolutely, simon. the 7 for 1 stock split will be effective in the form of a dividend payable on july 14th to shareholders who have owned the stock as of july 7th. this news of course sending netflix shares trading

i'm simon hobbs along with sara eisen and david faber. let's look at the markets. positive session.from greece. we've managed to break four consecutive days of losses with the s&p where it is we're negative for q 2. >> greece turns out not the only debt crisis worrying investors. puerto rico heading toward an historic default. plus downgrading greece and puerto ricoen in the last half hours. we'll discuss which one could be a bigger threat to the global economy and apple music launching today. find out if you should be buying the stock. >> we have breaking news with rick santelli an consumer confidence. >> we have a june read and triple digits. 101.4. the reason 101.4 is interesting, first of all, it's only the third triple digit we've had going all the way back to the summer of 2007. what's more, it's exactly the same number that we had in march measure 101.4. and the high water mark was january at 101.8 which goes back to the summer of '07. it's a solid read as it has been all along as the s&p had traded unchanged on the year. >> consumers are confident. thank you very much, rick.

. >> i'm simon hobbs. catch more "fast money" tomorrow at jim starts right now. >> my mission is simple to make you money. i'm here to level the playing field for all investors. there is 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. my job is to explain this stuff, to teach you. call or tweet me. what the heck were those early morning tip buyers thinking. when the market looks so good. it was so rotten underneath. dow finishing down 350. s&p and nasdaq plummeting. needless to say it was the worst day of the year. i believe dips are often buying opportunities. but do you mind if we at least get one first? there there is a lot of insanity in this. do you know how many times i said i didn't like the set up. i particularly didn't like the extreme level of complacency here. ease and desire to be the firsthand over fist buyers. it was exact the wrong thing to do. how did we become such poly annas. how did we

i'm simon hobbs, 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 just want to make you some money. i gas i can make a bit of an exception for my guests today becausepy job is not just to entertain you but to teach and coach you. call me 146800-onbc or of course tweet me@jim cramer. you know what we should call this market the magician market. why? because every time it looks down for the count, this market pulls a rabbit out of a hat. so we want to open up nicely nasa declining .20% t. magicians still managed to mesmerize the audience with a fantastic run. this time in the health cohort. why? because today we learn that the supreme court upheld obamacare. >> that led to jaw dropping gain i gains in the health care stocks. universal health at 7.7%. remember in legislation was a huge windfall for these

simon hobbs, what's on tap? >> fun fact. you can make money in europe kelly. fun fact. >> over to you guys. >> thank you. "fast money" starts right now. live from the nasdaq marketsite overlooking new york's times square. i'm simon hobbs in tonight for melissa lee. our traders on the desk are tim seymour, steve grasso, pete najarian and in our own tribute to the drachma guy adami. cnbc's coverage of the sell-off continues. the selling of u.s. stocks intensifying into the close. the s&p falling by 2%. and the dow sliding 350 points. both falling into the red for the year. as the protests in greece intensify. for more on the breaking news out of greece we go to our own international correspondent michelle

simon hobbs, back to you. >> thank you very much. breaking news from the federal reserve. liesman back at hq with more. >> thanks very much. the former undersecretary for international affairs of treasury who moved to the fed giving her first major speech on the economy and she is down beat. saying a rate hike is possible. she says the data so far does not suggest a significant bounceback for the economy. she says the fed could hike rates before the end of the end of the year. on the economy, she talks about the dollar saying stronger dollar delays the return of u.s. rates to normal levels. its rise reduces net exports and drag on exports can last for some time. foreign head winds from foreign economies being weak hurts u.s. manufacturing and u.s. inflation, pushing it downward. consumers have so far showed themselves not to be inclined to spend the gas price wind fall. the pace of job gains slowed. very down beat on the economy saying the economic data needs to clear. needs to come to a clearer view before rates would go up. still suggesting rates could go up before the e

i'm simon hobbs. catch "fast money"adbe. >> catch"mad money" is up now. >>> 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 trying to make you a little money. my job is to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. every day we wail and moan about greece and how we're hostage to this nation of 11 million people who will become smaller if it defaults because of mass immigration. on the eve of a big fed meeting the dow rallied 118 points the nasdaq climbed .51% because of worries about an economic cataclysm if or perhaps when greece defaults. that's right. greek worries actually gave us an up day as it might be too risky for the fed to talk about a rough day. today i'll use this beautiful respite to dream dreams. why? when i see every single health maintenance organization are all in merger talks and no one i

i'm simon hobbs, catch fast money >> my mission is simple -- to make you money. 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 just want to make you some money. i gas i can make a bit of an exception for my guests today

. >> i'm simon hobbs. catch more "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. 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 here to make you a little bit. call me at 1-800-743-cnbc or tweet me @jim cramer. it's tough to rally when greece isn't in the bag. they're already yapping less than a week after we thought we put that to bed and the dollar soaring. 30 stocks in the dow jones average and that's how the market can open up nicely and stall out like it did today. dow closing up 24 points. nasdaq rising .12%. it's why as i said this morning i don't like the set up meaning the way things look for the market overall. we keep confusing what's good with what's bad. we seem to do it like clock work each morning including today where the market rallied hard at the opening even though the dollar was back to being incredibly strong. that was not what we want.

♪ ♪ >>> good tuesday morning and thanks for joining us on "squawk alley," carl is out, but simon hobbshere for the whole hour. jon fortt is here as well. we have a lot going on this morning. first, let's check in on the markets which are holding in positive territory. right now all three major averages are positive. by just about a third of 1%. it comes as the eurozone is set to discuss the latest proposal from greece in a conference call that will take place at 1:00 p.m. eastern. former greek prime minister george papandreau will be with us live to break it down in just a few minutes. we're also keeping an eye on livingston, new jersey, that's where in just a few minutes from now, governor chris christie is expected to announce he's running for president. we'll get you there live as soon as he starts speaking and it's also a big day for apple. apple music officially going live just at the top of the hour. walt mossberg spent about a day with the service and he'll join us with his review in a few minutes. it is greece that's taking the headlines. the fact that we're hours away from a p

. >>> a few minutes to the european close, let's get simon hobbs ahead of tomorrow. >> european marketsnegative territory. very volume tiff. actually the confirmation that inflation has returned to the eurozone, but the fear is we could be entering a period of market stress over what may happen with greece or we think may happen with greece over the next couple of weeks. it's interesting today that the greek central bank which is joined at the hip with the european central bank came out with its annual report talking about a potentially uncontrolal crisis, if they don't do a deal that they could exit not only potentially the eurozone, but also the european union. that as dow jones industrial average is quoting an unnamed official as saying that deposit outflows have reached the best part of $2 billion from the greek banks. any moment we should get news from the european central bank whether or not any run creasing their liquidity provision to them. the assumption from analysts is they will, because otherwise they would inflame the situation. in ants it's important to point out that the

. >>> let's bring in simon hobbs to get you the close in the uk and continental europe. debt talks, as well as remarks from mario draghi. >> european equities are off their high, the euro surging, it could break $1.13. the bund is selling aggressively in europe. let's kick off with mario draghi and the ecb conference. he's come through with fresh inflation projections that show that bied end of 2017, core inflation will be 2%. that's what they're targeting. if that's true, at what point could they cut back on qe? that's the debate. he said to the bond market it should get used to periods of high volatility because interest rates are so low. which is kind of you're on your own. which is why you see a further selloff on the bond market today. which is illiquid markets, he's warning about illiquid markets as we have many times on this market. you see the yield on the german bund here is basically doubled within the last week. it's clearly at a year high. it's joining the spanish and the portuguese and the italians who have yields at a year high as well. a strong selloff on

and here for the hour, simon hobbs, thank you for joining us again.ways, jon fortt is here as well. tim cook calling 2015 the year of apple pay. not all retailers agree. a story from "reuters" in the national retail federation shows while some big chains are using apple play, many have no plans to accept it for what they cite as a lack of consumer demand and the high cost associated with the technology. it comes as we await apple's worldwide very maniers conference where the company is expected to unveil its new strategy for music. kara, there was one respondent in the survey that said not even a small percentage of customers had asked for it. what do you make of the find sngs. >> people don't ask for it unless they can use it and they 's there. it unless they kn it's one of those chicken-and-egg things. there's a struggle between retailers and apple, over these payment systems, they're expensive an they have to change registers. it's inevitable that payments are going to change. the question is who are they going to back? i think if big chains did ba

coming up after the break simon hobbs. that is correct. a big interview.eep up with them all. chairman of loews hotels. great to have you on and big conference. a talk about technology. not just at the travel agencies are reaching people's lunch anymore. >> great that you are here. what we are hearing is that all of the companies are focused on technology. it's about the guest experience and ho can technology help us make our hotels run better. how can we use it to enhance the experience. >> are we going to see this. >> it's just as we know changing the world. we have to be cog cent and you have every major brand that is represented. >> we give them the key note here. the big ho stel married and executing extremely well in signing up a lot of hotels. huge numbers. others are suggesting at this conference, they are owners and that question of oversupply. so much coming on stream, maybe they will have to form. what say you? >> we are not seeing that just yet. they are up in this country. and most markets are increasing. international travel is so important t

. >> i'm simon hobbs in for bill griffith. dow, s&p and nasdaq all in the red, substantially cutting earlier losses with the nasdaq the hardest hit. the move lower in apple not helping. again, the stock is coming back right now. we'll take you live to the worldwide developer's conference coming up. >>> transports weighing on the nasdaq and broader market. airlines again, the hardest hit. look at these declines. jetblue down almost 7%. dealted united. american all down more than 4%. we'll debate whether now is the time to jump in and buy transport names or if you should be looking outside the u.s. for opportunity. >> a netflix stock split could be on the cards. is it worth buying now ahead of tomorrow's shareholder meeting? one netflix bear will weigh in. >> you might know who he is. >> the family behind the triple crown winner justin zayat. john fortt covering all the action live in san francisco. what's the headline today? >> drake just showed up on stage. that is the big musical artist we've got on stage. eddie q. trying to

simon hobbs is off today.greek compromise is not going to be clear sailing into the end. we continue to get some con flilkt flikting headlines about disagreements. jpmorgan calling it no longer a pothole but a divot. not helping matters. the dow still in the red. >> let's get to the road maps. stocks lower on the discouraging developments in the greek debt talks. adam parker will join us live with his take on where markets are headed. plus equinox is pumping up their brand planning to open their own luxury hotel brands. and the u.s. secretary of agriculture talking about the drought. we'll talk to him a little bit later on in the show. >> coming up later, an exclusive interview with sir martin sorrell his company teaming up with snap chat. he's going to join us live from the can lies festival. >> carl noted, first quarter gdp, consumer spending was a bright spot in the report. adam parker is with us. assume you're still a bull on the markets. did you get encouraged at all but what we saw in the first quarter g

simon hobbs, back to you. >> thank you very much. rick.ood morning, jon. >> quite a show coming up the markets are part of the story, the major indices up about 1%. jack ma on ipo worries. he doesn't want to be rich now. he kind of wishes in another life it were private. what's going on with alibaba. >>> and "the new york times" fashion critic who says she's breaking up with the apple watch. she's going to elaborate on why, coming up on "squawk alley." e financial noise financial noise financial noise financial noise leave early go roam sleep in sleep out star gaze dream big wander more care less beat sunrise chase sunset do it all. on us. get your first month's payment plus five years wear and tear coverage. make the most of summer... with volvo. you probably know xerox as the company that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely configure e-mail every month? or how about processin

i'm simon hobbs in for melissa lee.the desk are tim seymour, steve grasso brian kelly, and guy adami. tonight on "fast" greece hangs in the balance. but the commodities king has a way to make money no matter what the outcome. dennis garman is here to reveal his special trade. plus retail's new reality. why the gap's massive store closings and layoffs could be just the start of many more retailers to follow. we'll name names with a top analyst. that's ahead. but first to our top story. stocks soaring today ahead of tomorrow's all-important fed

i'm simon hobbs, sara eisen and david faber. carl is off today.s not moving hugely to that blowout jobs report. 280,000 in may and 32,000 upgraded for the previous two months. the dollar is substantially stronger. you see crude lower. >> let's get you the road map for the hour. "new york times" columnist jim stewart here with his take on greece. how game theory can be applied to this week's greek negotiations and what happens next. >> avolent health. the stock opening moments ago. >> massive data breach hitting the u.s. government. officials say china is responsible. aefl lent. >> great job growth. goldman sachs chief economist jan hatzius will join is live for an exclusive interview. >>> the job report unemployment ticking up 5.5%. steve liesman has all the details. it was a solid report all around. >> i see three economic themes. i'll walk you through where i see it in the data. first, the u.s. job market is prospering despite the hit to jobs from lower oil prices and strong dollar. second. the consumer looks to be bouncing back. the strong job

i'm simon hobbs with sara eisen and david faber. carl is off. we lost 18,000 on the dow.to delay rate hikes means we cut our losses. crude trades at $58.57. >> let's get to the road map for the hour. fortune 500 list is out today. lots of newcomers. who made the cut? "fortune's" editor will join ug live. >> axel weber will be with us live for an exclusive interview. what he thinks about the challenges facing europe's economy. plus high frequency trading and the iex crew. and later, alan schwartz the last ceo of bear stearns at the height of the financial crisis. he'll join us live for an exclusive interview. we'll ask him about those comments from christine lagarde head of the imf who just finished speaking. this is the annual update. big call out of the imf to the federal reserve. recommendation to stay on hold and not to raise interest rates until the u.s. economy is ready, holding it out to 2016. >> we have revised our growth forecast down to 2.5% in 2015. this is large die you to those factors that affected the first quarter. but this is not my message. we believe the

simon hobbs following that angle of this story. of euro taking this drama that's playing out? >> i think it's fair to say that for many across the eurozone there is anger and despair of what is now happening there. the greek prime minister's snap referendum for sunday effectively broke off negotiations but it also did do without those creditors being able to add last minute sweeteners to better sell those pension cuts and spending cuts to the greek voters. in brussels certainly the head of the commission complaining, alexis tsipras never warned him about a unilateral move arguing the greek's own proposals were delayed and deliberately altered. yes, he says the door is still open to talks, but he says he feels betrayed by what he calls theegotism you see of the greeks. they want all the advantages of the eurozone says sarkozy. he's effectively suspending green from the eurozone and it should not give the impression of yielding in case its credibility is swept away tonight. two greek bailouts leave two eurozone tack pares heavily exp

. >> i'm simon hobbs in for bill griffith. we are expecting the latest inventory numbers in over an hour. >> move over lipitor. there is a new class of cholesterol drugs. we'll bring you the panel's decision coming up. >> when elon musk speaks investors listen. he will take center stage of the shareholder meeting later. we'll tell what you to expect and how could it impact the stock tonight and tomorrow. >> green arrows for the s&p and dow. narrow gains. nasdaq in the road. down about two or three points. 5019 is the level there. >>> crude oil is what everybody is watching today. jackie deangelis has more from the nymex to explain that pump higher. >> we did close today over $60 a barrel. $60.14. simon mentioned china. that's one reason. traders were looking at products today. not only gasoline moving higher so was heating oil. when that happens, there is more demand for crude and prices go up. headlines hitting the tape saudi arabia was continuing air strikes in yenl. on a day when crude was moving higher and had momentum you

. >> i'm simon hobbs in for bill griffith.ubstantially cutting earlier losses with the nasdaq the hardest hit. the move lower in apple not helping. again, the stock is coming back right now. we'll take you live to the worldwide developer's conference coming up. >>> transports weighing on the nasdaq and broader market. airlines again, the hardest hit. look at these declines.

." >> simon hobbs in for bill griffith.dow back into positive territory for 2015. and the nasdaq is within striking distance now of its all-time high. >> while stocks are surging today, there's actually been a bear market happening in 20% of the names in the s&p 500. we'll bring you the details on those whether the investors should be worried and see opportunity coming up. >>> oil, meanwhile, a major catalyst behind today's big moves. crude prices pumping higher and fueling a big rally in energy stocks.

. >> i'm simon hobbs in for bill griffith.ers in over an hour. >> move over lipitor. there is a new class of cholesterol drugs. we'll bring you the panel's decision coming up. >> when elon musk speaks investors listen. he will take center stage of the shareholder meeting later. we'll tell what you to expect and how

simon, i am more interested in the guest house in tuscany. what more can you tell me? >> there's a whole launch of them around the world. the hobb's guest house with a little twist. >> great you. it's the last half hour of the trading day that means the increase in the trading activity. how are things shaping up in the close? >> well t ramping up of the volume. peter is with me and this is something that we're seeing for the last six months. what is today's trade telling you? >> well, a lot of people moving back into the transportation sector. it's up over 115 points and i think that it's lagged the whole market since the beginning of the year. people are starting to put some money back in the airlines and trucking companies, and they're all well priced with the market. >> when you think of the deals that have been announced or reported human that is one that was reported over the weekend. there's a potential target. it's in the deal names and is that largely done after the open today, or is that happening in the afternoon? >> no it continues all day. you end up seeing the activity and then as you get to the close there's a lot mo