phil rogers, ceo of suntrust stick with cramer. you always pay your insurance on time.ne little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. >>> congratulations to oracle. they are doing well on the cloud. they have put it together, just exactly the way they said they would, and the stock is soaring in after hours as it should be. it was a beautiful quarter i would like to say there's always a bull market somewhere, and i promise to find it just for you right here on "mad money. i'm jim cramer, and i will see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ to bring a child's imagin

that was bill rogers, suntrust bank c.e.o.dline crossing now on the bloomberg, the c.b.o., congressional budget office is aiming to release its estimate on the senate health plan early next week. this is the guidance we heard from senator mcconnell earlier on the floor. we will bring you the latest and that other breaking news that we want to mention as well. the president said not to have recordings of the comey conversations if you remember the president said in a tweet that he hoped or that comey better hope that there weren't recordings. comey had responded by saying he hoped there were. it turns out a person familiar with the matter is telling bloomberg that the president does not have tapes of the f.b.i. director at the time. conversation with the president. mark: we continue on with that story. the revelation caps weeks of revelation about whether tapes exist. the president himself raised the question of whether he was taping those office conversations when days within firing mr. comey on may 9, the president sent out a

the giants first at suntrust park. the braves scored first.he giants took a three-to lead in the second and then added on in the first. but the giants pitcher gave up a lot of runs. atlanta scored eight times in the fifth inning. there were seven home runs in that game. three of them by the giants. san francisco came back five runs in the eighth and ninth inning, that they still lost 12- 11. >>> it is the weakest auto racing weekend in the bay area every year. this sunday is a toy the save mart 350 as sonoma raceway. the practices begin today. the qualifying today and tomorrow and then the race is noon on sunday. we went out i talked to a couple of racecar drivers at a luncheon yesterday ghirardelli square. the biggest name was daytona 500 champ kurt busch. >>> there is a traffic advisory around the lake this weekend. >>> raceway. highway 37 and 121 will be jampacked. the heaviest traffic expect did between 3 pm-7 pm tonight. blaine controls tomorrow and sunday it will be packed. chp says that anyone who is not going to the race should avoid t

had a 45 minute rain delay in atlanta before they got to play their first gaame in the brand new suntrustk they probably wish it rained all nighttop 1str.a. dickey the knuckleballer was good striking out buster posey swinging (posey: 0-3, hitting .347)(dickey: 7 ip, 3 hits, 0 runs, 6 k's)bottom 3rdender inciarte doubles into the right-centerfield gap off a hard-luck johnny ciueto posey can't put the tag on jordan carmago 1-0 braves(cueto (5-7): 7 ip, 5 hits, 2 runs) things come apart in the 8th the braves score 7 runs off josh osich and derek law including this 30run home run by free agent danny santana off law to finish the scoring 9-0 bravesfinal: 9-0 braves giants 20 games under .500 (26-46) the a's appear to have a favorite of the three prosposed sites for a new stadiumthe a's appear to have a favorite of the three prosposed sites for a new stadiumaccording to the s.f. chronicle the team appears to be leaning toward a site next to laney college near lake merritt where the offices of the peralta community college district sit.the other two proposed sites are howard terminal near jack l

had a 45 minute rain delay in atlantabefore they got to play their first gaame in the brand new suntrustrobably wish it rained all nighttop 1str.a. dickey the knuckleballer was good striking out buster posey swinging (posey: 0-3, hitting .347)(dickey: 7 ip, 3 hits, 0 runs, 6 k's)bottom 3rdender inciarte doubles into the right-centerfield gap off a hard-luck johnny ciueto posey can't put the tag on jordan carmago 1-0 braves(cueto (5-7): 7 ip, 5 hits, 2 runs) things come apart in the 8th the braves score 7 runs off josh osich and derek law including this 30run home run by free agent danny santana off law to finish the scoring 9-0 bravesfinal: 9-0 braves giants 20 games under .500 (26-46) nothing is official yetas free agency doesn't start until july 1stbut kevin durant is reportedly returning to the warriorsdurant will decline his player option, become a free agent (briefly) on july 1 and then re-sign with the warriors according to espn's chris haynes.durant is willing to take less than a max deal in order to help the warriors retain some free agents. namely andre iguodala who reports have

hundred tin tongue bank shares and suntrust bank 7.1.s a lot of people rely on park their money. bank of america, citigroup, jpmorgan chase, 9.1. morgan stanley 9.4. wells fargo 8.6. let me put this into english. the fed does not consider this pass or fail. that is next week. they don't use the word pass or fail. they use the word object to the bank's capital plan. what you can see as an investor how much of a buffer the bank has should there be a severe event like lehman brothers we lived through in 2008. this is the buffer ratio has against the outstanding loans. they won't give you a figure. a lot of analysts tell you above 4.5 is where you want to be. back to you. melissa: look at stress test, not if the economy goes out but in the planet's core implodes. reporter: the planet's core implode september 2008. we lived through. melissa: thank you, appreciate it. david: let's bring in the rafferty capital markets equity research analyst, the guy knows everything about banks, dick bove, "wall street journal" chief economics correspondent,

financials are the worst performers pnc, keycorp and suntrust are off by more than 1%.la shares are moving higher the company has confirmed that it is working on a plant in china. gaining 1 3/4% >>> still ahead, americans are weighing in on the health care bill and it may not be what the gop wants to hear. >>> seems like there's a lotof move in washington but how long before the big agenda emits actually cross the finish line don't go anywhere. "power lunch" is back in two i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia (baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings) >>> i'm contessa brewer. here's your cnbc update for this hour president trump says he didn't make any recordings of his conversations with former fbi director james comey the president tweeted out that "with all of the electronic surveillance and illegal leaking of information," he has no idea about

suntrust, a couple of reasons. we had the choice act pass yesterday.s's going to try to erase some of the dodd/frank rules passed in the house yesterday, uncertain in the senate. the yields had been moving to the upside. we saw heavy volume in some of the treasury exchange traded funds. right across the yield curve. the one to three, the three to seven, are exchange traded funds. all had heavy volume in the last day and a half. a sign that people were getting out at least partially of the treasury trade. you heard jim talk about nvidia. bank of america, merrill lynch, changing the price target. look at the stocks this week. advanced micro spoke at the bank of america conference. they're up, nvidia to the upside. the energy group, a new 52 week low. there's the financial spdr by the way. 52 week low on the xle, the energy etf that we saw yesterday. we also saw energy stocks at new lows. a lot of the big names, they're up fractionally today. hess, transocean, all 52 week lows yesterday. there's no bounce in oil after the tremendous drubbing that oil took

stocks it's on the nasdaq i have red hat which is the stock that is up the most right now and i have suntrust doing so much on the web, doing great things, but nobody cares because my dog is where the hot money is. nvidia and amd, people at home, nvidia, amd, there are other stocks in the market >> so just real quick, if you were running your farm would you be shorting here >> no. no short the market >> short nvidia? >> no. it's too great i'm just saying that people have to recognize that adobe just reported a great quarter red hat was great. they should spread the love over more than just two stocks. there's a lot of love. come on, there's some love show love to other stocks. >> jim, we'll see you tonight. "mad money", 6:00 p.m. eastern time got a lot of good work done. david will continue in the next hour more reaction to travis kalanick stepping down as the ceo of uber we'll go bacto drok etit where david will talk to martha stewart. dow is down 9 points to start this wednesday don't go away. >>> good wednesday morning welcome back to "squawk on the street" with sara eisen at post 9. david

. >> crm, by the way, trades at a pretty much multiple suntrust does initiate crm with a buy. sustained 20% top line. >> yeah. if you're benioff, you have to essentially endorse the idea that the winners in these secular growth areas are not overvalued because he's one of them right? that's exactly where facebook, amazon trade right now the market is all valuing them along that similar base. on an earnings base. >> 8.5 billion in actual cash going out for content. here in the markets dynamic yesterday, certain hedge funds were actively selling, in part because they were getting redemption requests. that has been picking up late for a number of hedge funds, which continue to be under significant pressure in fact, some of them, it's an interesting dynamic in the hedge fund industry. some, because of such under performance for so long, moving more to a long only structure almost with a fee structure that mirrors that more than it does the hedge funds. you never know what's true, what's not >>> wti higher for the fourth day in a row, a bit of a comeback from a rocky start before a

bank of america, suntrust, k keycorp among the winners. financials have regained ground, brian up about 5% so far this month, debunking that whole sell in may and go away theory. >> seema mody, great stuff from the white house yesterday. >>> t-mobile getting a big surprise from sprint and shares taking a hit that's news that is losing t-mobile invtoesrs some money today. we'll tell you what happened, coming up. ♪ it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? >>> welcome back to "power lunch. i'm josh lipton. some breaking news here on nvidia cnbc has learned that nvidia is going to launch graphics cards specifically designed for cryptocurrency mining. so, it sounds like nvidia here is going to produ

jpmorgan is a winner morgan stanley is a winner a lot of names, suntrust is the winner, names that i you need the other pieces to kind of put into place of these things take off. >> sheila i was going to ask you about the drone-flying experience, hope that that goes -- >> i won't be starting a second career i'll stick to my knitting. >> thank you, everybody, for joining us sheila bair, david ellison and steve any link. >>> meantime, it is -- speaking of those drones, it's tech week at the white house, and today the president was meeting with teleco executive and carnival up nearly 28% this year and it's climbed even higher on strong second-quarter earnings today. the ceo arnold donald will join us to tell us how his companies are faring under the country's new travel policies. how would you like to have a strike with me and mr. bill griffeth, all for an extremely good cause and billy will match you. he'll head to our page on charity buzz right n towo learn all the details and get to bidding. bidding. cl are ...it starts a chaintion. ...that's heard throughout the connected business w

this morning the stock is down another 2% after being downgraded by telsey, rbc, goldman sachs, suntrustefferies and pivotal research let's get down to the new york stock exchange jim cramer joins us. and jim, just about the time we are getting up and getting ready to go, a lot of people aren't awake yet. i notice that you once again are posting a column that you have been up and pinning and it's really thoughtful and it's had me thinking all morning long this morning about betting against the bond market. a debate we have been having for a long time. >> yeah, you just can't do it. you see the housing starts this morning. you say, oh, yeah, they knew that too the bonds have been so right and throughout this rotation people have been seeing, well, what's working what's working the stocks that have worked are j&j, eli lilly clorox kimberly these are quintessential slowdown stocks. they're reacting to the bonds. people thought the stocks were wrong. but you know what, the bonds they're too smart. and every time i go against them i feel like a fool a few days later. >> is this a situation --