. >> live from the nasdaq marketsite in times square this is "fast money." our traders on the desk tonight are here. tonight on the fast inside scoop on how one trader tripled their money on the martha stewart deal in a matter of minutes. the suspicious trade you have to see to believe. the three stocks hedge funds are using to beat the market. a special report that could bring you serious profits, but first to the record-breaking rally on the street and the nasdaq captured the attention. the index closing at a new record high. all three of the major industries adding with 1% gain across the board. guy, what a night to kick it off. >> b.k. and b.k. said the fed gave the all clear sign. again, the market doesn't give you this long a period of time to buy the lows or sell the high which is why i think despite what i think about the economy is the s&p will ratchet higher. 121 has been the line in the sand. that made an all-time high today. the transports participated and individual space we've talked about cybersecurity for a long time now. palo alto networks al

they are all trailing the nasdaq. niverse, the momentum has been so far this year to date driven right here by disney shares up 22% so far. the biggest drag on the blue chip index, walmart on the consumer retail discretionary staples side of things down 16%. that's the dow picture. that's the momentum so far in 2015. s&p 500, no surprise netflix shares have almost doubled. chesapeake energy down 43%. again the moment plays so far year to date on that basis only. the nasdaq 100. i put electronic arts up here. keurig green mountain down 41%. with the relative strength and weakness so far in the major indices. as for where the overall market heads from here most strategists believe on average we're going to go about higher about 6% from current levels. according to our own cnbc strategist survey we polled a lot of different strategists on wall street, they are looking for some gains. right now the median forecast for the end of the year is an s&p level of 2,224. that's around 6% higher than where we are right now. low est

the nasdaq starts today at another all-time high. e got the final reading on first-quarter gdp growth coming up at 8:30 a.m. eastern time. not likely a market mover so far in the past. coming up today marks the digital debut of jerry seinfeld. they show about nothing could cost you. we have the details. maria will have a special guest coming up at 8:00 a.m. and the 8:00 a.m. hour. in japan, stock prices at the highest levels in 18 years. the nikkei's best level since 1996. take a look at what the u.s. is doing right here right now. a little bit of red. you are watching "fbn:am," your first look at morning market and breaking news. ♪ hey america, still not sure whether to stay or go to your people? ♪ well this summer, stay with choice hotels twice and get a $50 gift card you can use for just about anything. go you always have a choice. book now at choicehotels.com if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a realit

the nasdaq still trading at a record. w are still holding steady with gains when ahmad percent. take a look at the s&p 500. we came off the high of the session a little bit when the headlights came out but still the li na much reaction to all of these incremental headlines still not much reaction to all of these incremental headlines on greece. also look at the groups within the s&p 500. were lower stocks today. you can see a lot of green on your screen because all of the higher.re trading the two best-performing groups are health care and utilities. todayou look at the are performance for those groups, you see quite a divergence. health care stocks are the best performance up for the year to date. utilities are the worst performing sector for the year to date, down 8% as health care rallied by 11% in part because we have seen a lot of deals in pharmaceuticals and speculation there will be deals and managed care companies. theher record to mention is russell 2000. some investors have hope the pace of rate increases will be

>>> i am coming to you live from the nasdaq markets site. the guys are getting ready behind me. while they're doing that, here is what is coming up. >> what is that? >> antidote. >> to what? >> the poison you just drank. >> investors were shocked by the drop in chinese stocks. we'll tell you which dow stock could be most vulnerable to the shanghai swoon. plus -- ♪ ♪ we're gonna bring you the power ♪ because there is one sector that is setting up for an electrifying trade, we'll shine a light on it and tell you how to profit. and -- which large cap tech stock is set for a big surge? >> please tell me. >> we will, jack, and we'll tell you how to make money too. the action starts now. ♪ making that move right now, baby ♪ >>> we all know about the sell-off in chip stocks today. what we don't know is what it could mean for the broader tech rally going forward. let's get in the money and find out. dan, does this signal trouble ahead for tech? >> it definitely could. when you think about it, it's definitely not micron today. we saw the stock was down 18% after sentiment was amazingly p

other stocks within the nasdaq itself, the current nasdaq 100 have seen some valuation differences over. so if you take a look at names perhaps like a yahoo!. you know, back in the old days yahoo! was trading at 1700 1800 times earnings. cisco 233 times. yahoo! 1780. and then cerner. those were the top earnings. among current components back in march of 2000. but today among the highest. starbucks at a whopping 32. yes maybe a bit rich for some people. i see just this movement here overall. and 175 times earnings you can see there. maybe it's not as value-driven, i guess, as some other components are. but still it's a far cry from what we've seen back then. as we look at valuations and just for kicks, i ranked the nasdaq 100 currenty valuation pes. and i mean they're not anywhere near as big as they were back in 2000. >> there may be a story behind some of those stories, too, dom. for example, if a -- what if a company had a loss for the past year than it has an infinity multiple but that's not really accurate to say it's trading in infinity or if there's charges involved and they only

the biggest impact on the nasdaq 100 is apple. we've been talking about it all day long with the company, reversing its stance after taylor swift's open letter to the company about paying artists, writers and producers for the first three months. facebook trending higher after unveiling a new mobile platform for ads at an advertising conference overseas in france. also biogen hitting nice strides today. i want to end with some of the airlines here at the nasdaq that are making nice moves after the "barron's" piece and talking about lack of competition. american airlines jetblue and spirit. >> thanks. we are heading to the close. less than 50 minutes left in the trading session today. the rally mode we were much higher earlier. dow up 118 right now. s&p up 14, nasdaq in record territory. >> up next the return of merger monday. we'll tell you which companies are looking for a hook-up and which ones are trying to fend them off. >> also ahead, gopro supplier ahmadu brela tanking again after a negative report on friday. now it's taking

a 1% gain on the nose. nasdaq up 68 the s&p 500 added 20. now unlike in the dotcom era, tech stocks aren't the only drivers behind nasdaq's s >> tech stoc the majority o 53% of the index. that's not w small cap stocks right now and in particular biotech stocks. both of those indexes and those sectors closing at all-tien because of a lot of merger and acquisition speculati and also because s really seek to harness the secrets to try to cure diseases rare diseases. an cancers. so that's wh a standout today, also at an all-time high afte positive trial results on a dwarfism drug. ra blockbuster drug. i'm bertha koontz at the nasdaq. >>> some say stocks could have done better if there wasn't the on going concern over the greek debt talks. jitters increased today amid word that european central bank officials said they weren't sure greek banks would open on mondayy emergen meeting tomorrow about funding the ly withdrawing money from their accounts and some say as much as 2 billion euros. and quns >> i'm here on the steps of tonight to protest aga

the nasdaq down by six points or .1%. it is another good day for fitbit, shares soaring in the company's nyse debut, having another good day today. perhaps a lot of people who couldn't get their hands on shares yesterday are trying to make a second go at it. that stock is up about 12%. meantime, shares of hershey, slipping after the chocolate maker cut its 2015 forecast, the company said its sales growth in china did not meet expectations. of course that stock down about %. >> before we go to break -- 3%. >> it is with great sadness we report the passing of ralph j. roberts, the founder of comcast. who built our parent company into the media giant that it is today. he is remembered foremost for the family culture that he fostered even within such a large corporation. he died at the age of 95. of natural causes. he is survived by his wife, suzanne and four children. katherine, lisa, ralph junior and brian, the current chairman and ceo of comcast. and eight grandchildren. ♪ building aircraft, the likes of which the world has

live from the nasdaq marketsite overlooking new york's times square. i'm sarah eisen in for melissa lee. traders on the desk tim seymour, steve grasso brian kelly, and guy adami. tonight on "fast," china in bear market territory. now morgan stanley saying do not buy the dip. we'll tell you what it could mean for stocks here. plus good things come in small packages. why a few small cap stock picks could mean big gains for your portfolio. the names we're watching in the second half playbook. but first to the tech wreck that was the nasdaq. the index closing down the week. three-day losing streak finish the week. the culprit micron after today's brutal report. could this be a sign for more pain ahead? there's quite a spillover. >> it's not a positive sign. i don't think you can equate it out to tech in general but for the chips let's talk about them real quick. micron obviously the leading culprit here. traded seven, eighttimes normal volume. about 150 million shares today. down huge. probably the biggest one we've seen in micron in quite some time. how do

the u.s. and -- >> all time highs right now nasdaq and apple at this second. >> in the u.s.ver $1 trillion this deals so far this year. charlie. >> yeah. i mean when you can borrow cheaply and market this high that is a recipe for m and a. >> you want to buy stocks right now janet? >> we do. no recession better second half of the year when it cools to earnings clarity on the part of the fed. we think stocks -- so our favorite areas really coincide financials benefiting from higher interest rates and health care three major sec stores those are driving in as well. >> we don't want to get too wong can y but expiration of options and futures forget it. on top of it, you have the russell rebalancing tomorrow. >> yeah, i mean, you know, tomorrow could be pretty, pretty hectic but i like volatility. you know, this is you like volatility. [laughter] >> listen if you're a trader, listen some of our investors are watch business news a long-term investigators there's a big portion of trade those like the volatility because they go in and out of stocks this is gambling to a large exten

the nasdaq closing at its highest point since march 2000. also closing at its first record high since may. it is on track to snap a three-week losing streak, so far up 1.6%. the russell seeing decent gains. russell 2000 hitting a record high yesterday. all 10 s&p sectors rose yesterday led by health care, consumer cyclicals. they're also higher for the week. >>> in asia some big movement to watch there. stocks finishing the day mostly higher. look at this, the nikkei up a half a percent, and singapore index up .1 of one one%. look at shanghai. a lot of ipos created concerns about liquidity. look at over last three months. this once high flying index not too long ago is down 10% from its recent highs making it in correction mode. it is still up 121% from a year ago. perspective is everything. european stocks this morning are also trending higher. the ftse, the cac, the dax all to the upside. u.s. stock index futures, take a look, dow, s&p, nasdaq all on pace for a higher open this morning. not big gains but the dow up seven points. >>> martha

that could bring you serious profits, but first to the record-breaking rally on the street and the nasdaq captured the attention. the index closing at a new record high. all three of the major industries adding with 1% gain across the board. guy, what a night to kick it off. >> b.k. and b.k. said the fed gave the all clear sign. again, the market doesn't give you this long a period of time to buy the lows or sell the high which is why i think despite what i think about the economy is the s&p will ratchet higher. 121 has been the line in the sand. that made an all-time high today. the transports participated and individual space we've talked about cybersecurity for a long time now. palo alto networks all-time high. look at the move in fire eye there are pockets of stocks that

well, that's the largest weight in the s&p and nasdaq. 's got all those biotech stocks taf done well, too. large cap tech stocks act poorly a brings us to intel and that's the one i want to focus on. i think it has the potential -- the stock is down it 14% on the year, i think it's incorporated a couple guide downs over the last two quarters, we got one in this january and april and the stock has acted okay, but now really it's down -- it's approaching a very, very key technical sport level. we have a chart right there. to me whether you like this stuff or not this has the potential to be a textbook head and shoulders took. that neckline is $30 that's the line in the sand. if they miss and guide down on july 15 when they report their q 2 this stock is breaking that way and it's probably going down towards 26. i have a very simple trade here. this this is a trade i put on a few weeks ago, but now that the stock has come back the options are about the same level i was literally just targeting that reporting date. i'm looking at the july regu

here's a look at the nasdaq 100 today. a lot of names in the green as the index up about a quarter of 1%. we're looking at the 100, not the broader index flirting at all-time highs. some of the outperformers include some of those social media names. facebook up 2.5%. groupon up nearly 3. linkedin having a 4.5% session, bill, and even twitter popping by almost 2 on that news. by the way facebook shares are higher on news it's going to start putting more ads on instagram. the photo sharing app already has sponsored posts from select companies on its feed. now it wants to open that option to all advertisers. >> we're hearing this trend more and more now. plus, it's now planning to add the so-called action-oriented buttons, including shop now, sign up and install now, below those sponsored photos. that's something shareholders might be happy about, because of the revenue stream but will it turn users away? joining us is ronald josie from j.p. securities, who has a buy rating on facebook. what do you think? i mean is it inevitab

the nasdaq off 121. the s&p 500 down 43.with cavuto starts now. >> greece is i a word but debt this problem. and let's just say this country isn't the only one in the pits. reason why stocks are looking just downright pitiful now. welcome everybody i'm neil cavuto. we're live in greece where thousands of protesters are taking to the streets agency their prime minister is trying to explain his position on all of this. right now a lot of the protesters are chanting, "no" to austerity even as they're cut off from their own cash. they've been spores photoed ryan up at atm machines for a

the nasdaq could be up. bit of excitement as we head into the last few minutes of the session. dow, the nasdaq has been the clear leader throughout the day. overall we had this rebound from yesterday. decent amount of volatility on the greek headlines and speaking of volatility, take a look at the vix. it has been volatile. we were talking about the has picked upch recently. we can see that today. even as thevix is down -- as the vix is down. we are seeing the highest level we have seen since february of a reading of about 18.5. is the best five-day performance for the volatility index this year. we have finally seen this return to volatility traders have been calling for. a look att to take individual movers, some of the biggest throughout the session. pantair is one of them. 7.2% stake in the company. you can see there is a lot of speculation, could it be itt or flowserve? perhaps so. we are seeing movement on m&a front. near merger here. 51% of the combined company is how much the shareholders will own. b

we are watching the nasdaq. if you all-time highs. same thing for the russell 2000. >> facebook having a good day. up next, unveiling the future of mobile ads aimed at getting users involved. julia boorstin has a special report. >> and shares of biomarin. they surged about 50% this year. that stock is dipping today. biotech company ceo will be speaking about new drugs in their pipeline. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? >>> the laws of physics are holding. what goes down much come up. that's ambarella. we watched it get clobbered on the report it was ridiculously valued. today though back up 7.5% to $101.50. jim cramer said the decline could be the perfect entry and called the long-term story compel

some of them members of the nasdaq and some not. the natural foods company up 3%.ilead sciences trading at a record. we are seeing so many health care stocks outperform this year with direct tv up about .4%. helping to lift the nasdaq. hasbro trading at a record and papa john's pizza, all of them at records. i want to point out another nasdaq stock that has had an impressive today performance and that is trip advisor. it is gaining once again. marriott will be participating booking trading, so the shares have been gaining on that. scarlet: thank you so much. mark: let's take a look at some of the top stories crossing the bloomberg terminal at this hour. raise is in talks to money at a valuation of $24 billion according to a person familiar with the matter. that would make the home sharing startup one of the most valuable private companies. it's almost four times what it was two years ago. berkshire hathaway is increasing its stake in heinz to about 52.5%. this comes ahead of their merger with kraft foods. buffett was able to add a 5% stake as part of the deal two y

the nasdaq kpoz it up 1.5% since the march 2000 high.back then. back then we talked about all the dot com companies. still, let's put meat to part of the discussion. there are certain companies out there that are trading a lot high higher in terms of valuation than they were back then. first of all, these are all current nasdaq 100 components larger cap nasdaq stocks and you may know the napes but we put the then and now pe valuations. mylan, today it trades at 33. a richer valuation. you can see maybe things are more excessive on that front. tractor supply back in the day it was a 9 p/e company. today it trades at 34 times trailing earnings. monster, this is the best performing stock in the current nasdaq. back then it traded at 10 times earnings. today it trades closer to 60. maybe there are some valuation stretches but if you take a look at the overall market the people that say this time is different, point to what's happening with the large cap stock. s&p 500, going back to 2000 it was trading closer to 30 times earnings. it was tra

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

s&p 500 up about four points, 2000 61 and the dow jones up 1/10 of 1% at 17,006 hundred 17 and the nasdaq gaining .05 -- .5 of 1% up to 4980. at theet's take a look

jen --ft, apple, and amgen are all heavyweights within the nasdaq. if you look at the s&p and the sectors that are the tech heavy nasdaq is having its day as well, and it is the best performing of the three major averages. now it is up 1.3% and trading at that new record. pimm? pimm: thanks very much, that is julie hyman on the news from nasdaq. and more breaking news from attorney general loretta lynch. she says the shooting suspect from south carolina is in custody. nine people were killed in the shooting in charleston, s.c.. president obama will speak later on that situation and we will bring that to you live. is the father, he of the united states financial system and is about to get kicked off the $10 bill. we are going to talk to and alexander hamilton biographer of how this change -- biographer about this change. ♪ pimm: welcome back to the "bloomberg market day." i am pimm fox. the $10 bill may be getting a feminine they slip. treasury secretary jack lew says put on aman will be $10 bill and he is accepting suggestions. i spoke with the autho

the s&p is down 11 and the nasdaq down 25. we want to show you the components of the nasdaq 100 crude oil is down on the close today, down 37 cents and brent crude down almost 2%. >> home builders are seeing green. that's thanks to a rare merger in this industry. bob pisani is at the exchange. >> these mergers don't happen very often. builders want to buy land they don't want to own each other. it's standard pacific and ryeland here in a merger of equals. they're both up about 5% or 6%. the companies diversify. the combined company strong in california, in the midwest and in the east as well. secondly, the combined company has a lot moreland to develop. that's the most important this evening for a builder. no land no building goes on. >> finally the combined company has a good mix of first-time buyers and move-up buyers. it will be the fourth biggest in the united states. what i don't see, and it's a little disappointment i don't see any premium. basically standard pacific is offering to move with ryland at the current price. t

the nasdaq as well. joining us now is christina hooper. u.s. egist at allianz global investors. christina, the markets have kind of been a little boring lately. but today we've got some movement. anything in particular you attribute that to? >> well i would attribute it to a general improving sentiment about the economy. and how the second quarter is going. what we saw was a lot of really negative sentiment about second quarter and the assumption that it was going to be a petty bad quarter. and what we're finally seeing is some economic data suggesting, actually the economy is coming back in the second quarter and it looks a lot better than we thought just a month or two months ago. >>> bloomberg is reporting that chancellor merkel's government may be satisfied with greece committing to one economic reform being sought by creditors. i'm not sure what you've been able to see this morning but how much of this short-term price action do you think is built on the hope that greece cobbles something together? >> well it's certainly helping a little bi

dagen: you brought a profitability of the nasdaq. of the hundred against nasdaq company said net profits. to date it is at least 90 of not more than they paid dividends. the internet is absolutely mainstream. you can't forget we cannot live without mobile devices. it is a different era. >> so excited about stock valuations. maria: we are all geeks. if the company gaining momentum or gaining momentum or are we stuck in a sluggish rat. chief economist at moody's analytics coming up. we will be back in a minute. maria: welcome back, everybody. happy friday. yesterday the nasdaq hitting an all-time high and seen a continuation this morning despite the fact we remained seeing uncertainty around greece. they called an emergency meeting for monday for greece in euro zone leaders. the markets in europe are higher right now and indications for a higher opening for the u.s. joining me right now is set to come the chief economist at moody's analytics. welcome. >> good morning. maria: at the last time you were with us on inside you are quite opti

the russell and the nasdaq looking pretty good here, teddy. hough, getting a little gray around the temple? >> well, you know, it's very easy to get bearish because i get bearish every time we chat. the fact is fighting the tape has been a huge mistake. there are certainly sectors you don't want to go near, energy, utilities, anything that's interest rate sensitive because we sort of all know what's coming eventually as far as interest rates are concerned. climb that wall of worry. >> the number to beat for the russell is 12894.97. that is all-time high -- 1294. we're above it right now. tanks to teddy weisberg. there we go, 1295.93, guys. handing david and melissa a russell record. take it. melissa: you're responsible for it, liz. david: russell and nasdaq, as a matter of fact. nasdaq 5153. it is now 5159. we're beating on both those indices. melissa: that's right. is uber worth a 50 doll dollars valuation? -- $50 billion valuation. will walmart break records or will the party end. david: it is better than 1999. there is more reality. still ma

nasdaq, all-time high. near 2,000 high territory. 15 years ago was the record. there is the 15-year chart of nasdaq. fed said economy was strong enough to withstand a interest rate increase later in the year. big winners so far, want to highlight biggest winners going back on the nasdaq since the year 2000. monster, coffee thrown in there. tractor supply. gilead sciences. losers on the other end of it, we have siriusxm radio. these are just today's looks but these things, down like 100%. just way down in the last 15 years. anyway, checking markets more broadly. great day, up almost 200 points. neil is back with "coast to coast" in a moment. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. with innovative solutions that connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus on what matters most. neil: a lot going on in washington today, not the least of which this trade deal they voted on approved today. that doesn't mean anything what hap

the nasdaq falling for a second day. he smp, telecom, tech and the utilities leading the smp lower -- the snp lower.

we have a longer-term chart of the nasdaq as well. this goes all the way back to 2000 when we saw a prior record for the nasdaq. at my bloomberg terminal, i have a chart of the three major averages adjusted for percentage. this is the best since the market bottom in march of 2009. so in percentage terms, the nasdaq has had to climb the most. up a0% and the s&p is little bit over 200%, the dow is so those are5%, the percentage increases that each has seen. 175%, so those are the percentage increases that will each has seen. harley davidson is having is best single day in an eight , the company yesterday said it was expanding its buyback authorization by 15 million shares. this added to an authorization from february of last year for 20 million shares, but it has only used about 16 million of that authorization. nonetheless, the shares are rallying here. analysts are saying the buyback is "a pretty clear statement that harley is willing to finally putting more cash to work." are happyly investors about this. we are also looking at trip a

interesting to see the nasdaq down 1.25. at say to people who have been existing in technology names or momentum plays about how this plays out for the rest of the week and the summer for greece? >> i think you'll see pressure on those areas that have done the best and are selling at lofty valuations. the first thing to get purged out after portfolio is that you have hefty gains in. some of the momentum names if biotech and some of the social media stocks are most vulnerable to that kind of pressure and as a consequence will decline far more than the market at-large, particularly those names that we're leaning into, names like the aristocrats, the high dividend pairs that have really lagged on the year-to-date basis. >> so, mark, looking at next week after we get this referendum vote, do you expect those stocks to react one way or the other to what we see coming out of the equity vote? >> i mean, i do. i think obviously if the referendum is for greece to step out of the euro, however sloppily or otherwise that occurs, frankly

dow adding 56 on the session. nasdaq s&p giving up just under one point. let's get out to breaking news on ebay with kate rogers. >> e ba i's board of directors has approved the completion of ebay and paypal separation. we've known about this for some time. the release says the distribution of paypal stock is expected to occur on july 17th. as you can see, ebay is down about 1% in the after hour. >> it's official. breaking news on the escaped prisoners in new york. >> we can tell you nbc news is reporting through jonathan dienst and pete williams richard matt has been shot. no word yet from nbc news on his condition. you will recall it has been 21 days of an intense manhunt for richard matt as well as his partner, if you will david sweat who broke out with him. now nbc news according to jonathan dienst and pete williams are reporting from a law enforcement source that richard matt has been shot. we'll keep you posted on his condition. we don't know what that condition is. there are various reports about it. it has been a

the nasdaq falling for a second day. digging in the s&p, telecom, tech and the utilities leading the s&p lower. here with me to break it all down his joe weisenthal, the bloomberg markets managing editor. joe: one thing we have been talking about a lot is transport and we have been getting not so good news. american airlines cutting forecasts, southwest was one of the worst performing stocks on the s&p 500 today. there's fear the transport could lead the over market lower. alix: raymond james said expect it lower into the summer months and muted -- you wouldn't expect that. he has a different take. i was looking at energy, the second are finishing relatively neutral, but you did see a big move in oil stocks and oil in general, and upgrade for oil stocks at oppenheimer and in terms of oil price, you had eia coming out, downgrading its forecast for july. still expect production to be at a 43% high but shale inching lower. joe: one headline that hit before the bell was another company boosting the amount of cash it gives to

a new closing high for the nasdaq. it has been a long road for nasdaq. getting hit hard in 2000 when the dotcom bubble and the 2008 financial crisis. and now it is more solid, home to apple, google and facebook. record high for nasdaq yesterday. 18 minutes past the hour. tropical depression bill swampbing oklahoma. houses and cars submerged following torrential rain. 12 inches in parts of the state. authorities search for a 2-year-old whose toddler was swept out of his father's arms during a flash flood. in texas, authorities are keeping an eye on swelling rivers. so far the region has been spared from significant flooding. for more on the flooding threat, let's bring in meteorologist derek van dam. >> the remnants of what was tropical storm bill continues across missouri in to southern illinois and parts of kentucky and tennessee. we have seen a considerable amount of rainfall leading to localized flooding, especially across texas and oklahoma where we received the heaviest of rain. as the system continues to move in a northeasterly direction, we see the

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my terminal is telling me the nasdaq one of the biggest winners, 71 points. thank you, greece and germany. the idea that germany blinked here and will perhaps give a greased some of its money if it commits to one economic reform. germany denying that, but the stock market feeling that optimism. scarlet: speculation that things will come together in the end seems to be paying off right now. s&p and down slightly above the 10-day average. if you look at treasuries, there been a lot of new supply this week. $21 billion option of 10-year note. the 10 year yield is approaching 2.5% for the first time since october. falling prices means higher yields. treasuries are falling in tandem with european government bonds. that the question is, does end up derailing any kind of stock action? you have a selloff in bonds. if you have any margin calls, something definitely to watch. i am looking at the currency market. to me, all about the yen. getting the most in three months vs. the dollar, but that is because the yen is higher. the bank of japan governor saying that more w

by the close the dow jones lost 20 pounds to 18,011 and the nasdaq drops six and the s&p 500 declinedy two points. throughout the day many investors had been paying close attention to the situation in greece. and signs that the standoff between that country and the creditors may been easing. mish el caruso-cabrera has more. >> in the last 24 hours in the greek debt negotiation, a attitude shift when it comes t european creditors. there was a late night meeting hosted by angela merkel and the head of the ifm and the european union and they came together because they are so dissatisfied that greece has not brought forth something they are not satisfied with. and they didn't want to look like they were imposing a program on the greek people and the greek people to own their own reform and thus they have decided the creditors they will put together a suggested reform program. f goal of the meeting. the second goal of the meeting was into resolve the differences among the creditors themself. the imf wanted to be tougher on the greeks an the european commission wanted to be easier on the gre

the nasdaq is added new record is optimism over greek debt talks and some new mergers are giving thea boost following europe's lead. as a broad-based rally. the terminal function if you haven't is imap. sectors in the green, with energy, health care, and financials leading the way higher. utilities just negative after being higher for most of the day. looking at financial specifically, jpmorgan and goldman sachs are the two -- best performers in the dow today. citigroup also up. they are seeing a gain of 1.3%. i wantmajor indices gain to check on gold which is headed the other way around. it is now down. 4%, it is headed for its biggest decline in almost one month. this is off speculation and hope debt ise greek headed for a resolution which would be less demand for this safe haven. interest rate increases could be slower. mark: thank you. now let's take a look at the market close in europe. mark barton reports from london. mark: what an extraordinary day. there was definitely something in the hair on the day of this emergency summit in brussels. every single western european stock m

we're expecting the dow jones to fall by 82 points. s&p 500 by 10 points and nasdaqy 30 points. quite a lot of volatility in weakness in the european session too. >> one of the reasons we're seeing weakness is the soft european equity market as you can see. significant declines across the board. we have paired some of the worst gains. is dow is now down minus 1.4%. further unwinding of european trades. european equity markets very soft indeed. i want to bring you some flashes on greek jobless data. march unemployment rate was 25.6% versus 25.6% in february. incredibly high still overall but not worsening from february to march. greek prime minister is preparing to make a counter offer to kred tors after they made some consensus overnight. they at odds of proposed pension cuts and tax hikes. >> we have comments coming from the ukrainian president that says there remains colossal threat of large scale military operations by russian backed separatists. more than 9,000 russian service member are on ukrainian territory. >> are you ready for football on the web? yahoo! won

underway, but we're still kind of in the world of flirting with those record high spirit currently, the nasdaq is floating around its record close level. you have the s&p off its closing an intraday high. sort of around their, but we have not been able to catapult higher. part of that is due to the currency market and bond market. scarlet a lot of directionless trading or no -- not so much in the currencies. the euro has risen to a two-we cai versus the dollar. there is volatility, according to mario drago, and the euro at $1.1251. alix: it was set in order for the euro to plummet, you need dovish action. we did not see that. part of the deal today, no market was really all about the continued bond fell off we have been seeking. -year yield climbed to 2.36% pure the 1000 year german yield, .88 percent. it was an negative land a view weeks ago, it feels. that is wreaking havoc across the other aspect classes. scarlet: we will discuss more on the bond route in just a moment. meantime, we want to look at the other stories making headlines. a big change for cable customers are the u.s. an agency o

a different story than the nasdaq, which was higher for a tenth consecutive quarter. joe: the question is, what did you miss? alix: we are halfway through the trading year, so we will check in on the s&p 500 200-day moving average. i love these levels. i can't wait. joe: i'm excited about greece. alix: greece, greece, and more greece. joe: i want an all-greece show. alix: there might be a bright spot in biotech. we will talk to the ceo of biomarin. the health-care sector really blew it out of the water. first, the markets. dow up 20 points on the day. s&p up five. joe, take a look at the broader context here. intraday, a little bit of greece, a little bit of china. we closed off the highs of the session, and at 2:00 p.m. we got word from fed vice chair stanley fischer that the u.s. economy is close to full employment, but we are not going to tighten prematurely, so the goldilocks scenario continues. joe: one was the fisher headline. the other one was that greece will have another eurogroup meeting tomorrow. even though they are careening to the referendum, there is a l

the nasdaq for its part, adding 69 points. all-time highs back within reach. eping an eye on energy. take a look -- there's some of the dow leaders we should mention there, as well. visa up 2.5%. microsoft, caterpillar, as well. here are the laggards meantime a different story for some of the consumer staples names. some of the telcos. a rate theme asserting itself. we've been talking about that all day as the ten-year near 2.5%. a quick check on energy. meantime, oil, again, rallying. we're talking about another almost 2% to over $61. despite that move, airlines are still higher today. slowly making their way back from what's been a rocky few months. for more on what's going on now, we're joined exclusively by top ranked analysts jpmorgan jamie baker. well, welcome to the program, and thank you for being here. >> my pleasure. >> and let's begin with the fact that a sector gotten absolutely hammered of late, you have overweight recommendations on what's the bold case for the airlines at this juncture? >> well look the bull case is that the industry renaissance

we're live at the nasdaq marketsite. hello, everybody. n the decemberric dan nathan david seaburg, brian kelly, beaks, and guy adami. good to see you all. and tonight on "fast" follow the smart money? well carl icahn kark out of netflix. why the billionaire investor got out and the comments he made that could signal the top might be in for the stocks. plus stocks may have ended lower today but we have uncovered a secret indicator that says now could be a good time

the board. s&p down 15 points. nasdaq giving up 28. >> how about this just crossing on twitter. >> if the s&p finishes the week up or down 1% it will be longest streak of sub 1% weekly moves since 1993. >> you are not imagining it. >> love the fun facts. wingstop is rocking wall street on its first day of trade. surging from its $19 share offering price. >> bob pisani with more. >> it's incredible. wingstop up almost 60% on the day. we often see this happen with restaurant ipos. this is where shake shack was. this is another big mover in the last year. it's down today. zoe's kitchen is another one. that is a big mover up huge in the last few weeks since its earnings report came out. these restaurant ipos had big moves. take a look at this full screen. shake shack up over 200%. even the other ones papa murphy's bojangles also up 31%. next week there will be another one, a brazilian steakhouse looking to go public. these restaurant ipos have been so successful everybody is trying to get into the door. one thing i would say