power," and "closing bell" starts next >>> happy friday, everyone, time for the closing bell, i'm wilfred frost. the ceo of deutsche bank, only bank to fail the fed stress test speaks out in a rare and exclusive interview. >> i'm phil lebeau in chicago, eight years since tesla's ipo, the stock rocketed higher, there's still a question on the mind of investors. >> reporter: we're in berkley, california, marijuana retailers in the state are scrambling to offload inventory after a law change over the weekend. the winners and losers over the shifting pot industry ahead. >>> i'm sara ieisen, we'll get your portfolio ready for the second half. the "closing bell" starts right now ♪ >> good afternoon, happy friday. >> you were roughunning >> you would have done so. that's good. welcome, everyone, happy friday, all of those stories and more to come, of course, but first let's check in on the markets. we are nicely higher this friday afternoon, up around about a percent on the dow, 235, high of the day of the dow is 293, and the low was up 108, so it's been green on the screens throughout the day.

thank you, wilfred frost. >>> still ahead on "worldwide exchange," we're going global. best bets to make overseas tim seymour is with us this morning live. >>> and later we're headed back to vienna as the world aits waa big opec output decision we'll be right back or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. the kayak explore tool shows you the places you can fly on your budget. so you can be confident you're getting the most bang for your buck. alo-ha. kayak. search one and done. happy anniversary dinner, darlin'. can this much love be cleaned by a little bit of dawn ultra? oh yeah one bottle has the grease cleaning power of three bottles of this other liquid. a drop of dawn and grease is gone. >>> the dow pointing to a triple digit pop at the open. let's bring in tim seymour, a cnbc contributor good morning to you. every day has been a dif

wilfred frost, cnbc business news. >>> deutsche bank passed the stress test as well. the german lender whose u.s. business has been under regulatory scrutiny met all of those minimum capital requirements separately they have been downgraded to negative from stable the ratings agency fitch cited substantial execution risks around that complex restructuring plan. >>> airbus warned that a no-deal brexit would threaten the company's presence in the united kingdom. they manufacturer wings in the uk, but they warned that a cliff edge exit from the eu would cause "severe disruption and interruption to those operations." airbus also criticized the uk government's plan brexit transition period as being too short. the company said it would stop the firm from growing its supply base inside the uk the uk treasury is not the enemy of brexit but it wants to see existing business and trade ties preserved after brexit that was the message from philip hammond talking to london's financial services industry in his mansion house speech last night. hammond reiterated his support for a fi

wilfred jones isa ptimistic that vajo candidate will qualify for the ballot and win that seat. we're in the 21st century here. we should be able to vote and voice our opinion. in reporter: if the navajo two of the three seats on the county commission, it would overturn more than a century ofi political domi by white residents. for jones, who was born beforeve namericans had the right to vote in utah, it would be a personal, as well as historic, victory. for the pbs newshour, i'm tommy brooksbank in san juan county, utah. >> woodruff: now, the plans to revitalize the newspaper of note for the united states' secondt largty, "the los angeles times." patrick soon-shiong is a multi- billionaire surgeon, entrepreneur and part owner of the l.a. lakers. he has spent half a billion dollars to buy the paper, which has faced big setbackscent years. as critical as it has been to the city of los angeles, "the l.a. times" has struggled with huge financial losses, two- thirds of the staff were laid off over time, three top editors months andced in 1 there've been multiple publishers. soon-shi

and saying it wasn't a tactic he would go, but if it was a negotiating position, then so be it. >> wilfred, good stuff thank you for reporting from the new york stock exchange. the issue is clear, the highest levels of corporate america, chief executive of goldman sachs to the person on the trading desk, it's the uncertainty of where this is all going and how it's going to end, which is nearly impossible. >> unpredictability is not a feature, it's been promised. he's said, don't tell me what i'm going to do. that's fine. i do think the markets will eventually get used to it. because as i said, it will never end. but hold two opposing thoughts in your head the first one is china is not fair they impose all kinds of conditions on the country's companies including ours they do what they will with ip and have a chinese partner there. they don't let us be involved in banking and finance, fine, we all agree. very unfair. however, here's the opposing thought, which is also true. the trillion-dollar economy has greatly benefited overall from foreign trade a great deal of which comes from china, an

boeing taking a shot at honeywell and united technologies details on the rivalry coming up >>> i'm wilfredrost on the trading floor of barclay's bank in midtown, new york, exclusive interview with their ceo coming up as "the closing bell" starts right now. ♪ >> hi, everybody, welcome to the closinbell what do you think of the walk, wilf i did the walk >> i couldn't see it, but i've been told you were doing it, and i need to watch back to definitely have a look at that, and why i'm happy to be here becae as you enter the trading floor, there's two massic flags, a u.s. and british one next to it, so i'm looking forward to speaking to the ceo coming up. >> well, this better be a good interview, i mean, you're there for the whole hour, okay, we got to do this remote thing, we were in the boxes, so, you know, i'm just saying, let's deliver the goods, okay? >> we certainly will it's a great time to have jes on not least because their trading performance in the last quarter was better year over year than some of the u.s. banks of which some of those guided down to the quarter heads so we see how

and we let you >> "closing bell" starts now >> i am wilfred frost. >> i am cayla tausche, the u.s. slapping 25% tariffs of $50 billion worth of goods in china. china is hitting back. is this the beginning of the trade war. >> though in the red today, the nasdaq composite is on pace for its fourth straight week of gains. i will have a run down of the winners and the losers >> i am kelly evans. with bill miller on the markets today and his three favorite picks. "closing bell" starts right now. >> and welcome to "the closing bell" on this friday to close out the week what a come back we have seen here >> very nice, rallying into the close and afternoon. >> the dow was down, we have swung 430 points and down at 280 at the lows this morning and now we are down at 74. s&p turns positive and russell down about a point here. >> and the nasdaq is up a percent and a half that's only the dow that's in a negative territory markets are holding up i don't know if you noticed at the end of the show there, bill was allowed to talk about the sports that he loves >> you do it twenty times more i kno

maybe you saw those this morning, wilfred the import numbers up 24%.hat's a big jump, so that means that their economy hopefully is doing okay even as they try to slow it down next week, retail sales. next week, fed meeting >> next week >> the price index and consumer price index. >> a lot of news next we, l ekal about trade as you saw david, as ever, thank you very much >> thank you for having me >>> up next, closing count down. your new brother-in-law. you like him. he's one of those guys who always smells good. his 5 o'clock shadow is always at 5 o'clock. you like him. your mom says he's done really well for himself. he has stocks and bonds your dad wants to go fishing with him. your dad doesn't even like fishing. you like your brother-in-law. but you'd like him better if you made more money than he does. don't get mad at your brother-in-law. get e*trade zblmplgs welco zblmpl >>> welcome back, we have two minutes left of trade. s&p, first off, a negative open. what's been a fairly solid week, encouraging trade throughout the day, midday getting into

and so safety's absolutely paramount in something that is taking very seriously by the company >> wilfred'sa drlgs. -- driver's license. i do, but a terrible driver. the valuation, 300 million in march, and now over 2 billion. what's the story there >> you know, valuations are determined by a number of factors. as we looked at the company, we looked at the adoption it's, frankly, something that we've rarely seen manager been investors for a long time. we think that this is just the start of a big new market, and that clean energy, electric vehicle sharing is a space we've been investing in in five years, bird is the next evolution of this, and really excited that the company chose us to be one of their capital partners in this round >> so as you mentioned, you're invested in bird saz oppo if uber was first, bird next, what's the transport phase that comes afterwards >> i think transportation is a space five years ago when we started investing in it, tech investors say it's not a real tech space transportation's a huge space. it's one that we are really excited about. we really think that mu

i'm wilfred frost. analysts trying to understand the president's latest announcement on trade. >>> i'm leslie picker in washington is corporate america being held hostage? congress is looking into that issue. we'll have all the details >>> i'm bob pisani at the new york stock exchange. eight ipos expected after the bell i'll drill down the names you need to watch. >>> and i'm kelly evans, automakers saying trump's tariff plans could raise car prices by $6 million the trade balance needs to be addressed, says bob lutz he'll join us live with his take "the closing bell" starts right now. ♪ >> there's a lot happening this afternoon. we'll get to all of the stories in a minute. but first a check on the markets. it was a rally this morning after that news about the president maybe backing off some of the harsher measures. but that has evaporated. gains down 106 right now s&p down about 15. small caps are lower by a percent and a half and the nasdaq down by 1%. >> michelle caruso-cabrera has the details on th

. >>> i'm wilfred frost. banks preparing for stress test results. which banks could fair best? >> reporter: i'm phil lebeau in chicago. musk racing the clock for production targets and taunting those shorting his company's stock that their time is running out. >>> buiitcoin is, quote, useles, unsafe, and dirty, according to the bank of international settlements. i have the other warnings coming up >>> i'm michelle caruso-cabrera in for kelly evans the ceo of ubs in the financial services industry, not a pretty picture. find out why as the "closing bell" starts right now >>> good afternoon, welcome, everyone, we'll get to the stories in a moment, but first, a warm welcome to michelle good afternoon to you. >> pleasure. >> thank you for joining us, kelly is back tomorrow let's check in on markets, first of all, the dow coming back after being down 264 points at the low of the day, which is pretty much at the open, the s&p and nasdaq both down for the third day in four, but we are down much less than we were at the top, dow down .6%, and a third percent at the s&p >> let's get to

that's all for us here on "power lunch," and "closing bell" starts right now >>> hello, everyone, i'm wilfred frost at the new york stock exchange stocks sell off as trade fears with china elevate once again. president trump's top trade adviser will join us live. >>> we're at the new york stock exchange, and china's trade tensions could have an unintended consequence, the ipo market i'll explain ahead >> we're at cnbc headquarters, and the latest of the all-american economics survey results are out, and one sign in particular could be a bullish one for the president. >>> carnival stocks crushed. the ceo has an exclusive interview with us as the "closing bell" starts right now. ♪ >>> hi, every, welcome to the "closing bell," those stories in a moment, but what a way to kick off the week here, dow down 445. down to -- >> just about to the lows. 496. >> wow this is all happening, gotten worse throughout the session of course, an hour to go now, and we'll see if we continue to slide. nasdaq worst performer down 2.6% dow down 1 po.8%. trade contentions continuing, dow on track for the lowest since

. >> i'm wilfred frost, alsot the new york stock exchange. a big show counting down to the closing bell and much anticipated at&t-time warner decision, 59 minutes and 35 seconds. >> this is the big one so here's how it's going to go down the news is expected to come out at 4:00 p.m., but we won't know about it right then. we'll learn the ruling, and people are standing by to put it in context the judge reads it in chambers, and only when he's done and leaves the courtroom people can report on it >> so many implications. telcoms the best performing sector today and yesterday last minute nerves which way that decision might go as it's slipping today >> in is the first major antitrust case from the trump administration, and there's deals -- all types of sectors waiting to see about this. more on this to come, but, again, that comes down next hour >> meantime, dow swung more than 100 points in the session in particular, in the last half, so we have sold off down 68 points on the dow or a third or so of 1%. the s&p's the same, and nasdaq holding o

into this country >> two-year anniversary of brexit and the decision to leave the european union wilfredrost joins us. >> since the 23rd of june, 2016, there have been two standout dates, 29th of march, 2017, when theresa may invoked article 50, setting the departure for two years later, nine months from now and this past wednesday when the bill finally passed all legislative hurdles which keeps her safe for now until the final showdown when divorce terms are settled. and that should be after the two upcoming eu summits, one in june and one in october what is clear so far is that in the short term, the economy is slow but is still growing and has not collapsed. but it is the yet to be defined terms of separation that will decide the long-term effects on the economy. >> and some businesses are getting unsettled. yesterday airbus said, quote, we can't continue with the current vacuum in terms of clarity and they added, quote, put simply a no-deal scenario directly threatens airbus' future in the uk however, uk chancellor philip hammond is upbeat at the prospects that a lot will be sorted i

imagine the softer dollar wilfred kiboro -- will ripple broadly across the world.nt to bring out to you kundlach. from jeff it is an interesting concept. he is one of the most successful bond managers in the world. let's your what he has to say. what he has to say. is like adoing what suicide mission, increasing the size of the interest rates while raising deficits. this could come to a collision i think. att: the concept is pretty simple and illustrated in th chart hillary put together this suicide mission of rising total debt as a percent of gdp in blue, rising interest rates -- if you look at the dot plot discontinues further in tenure as well. -- ten-year as well. does this concern anyone? born, i the day i was -- interest rates have been rising and dollar rates have been falling -- the amount you will spend on interest rates will end upd you with a compassionate increase in component of debt as payback. guy -- an increasing component of debt as payback. guy: we are in a situation the fed has to deawi this and understands the implications of it. never the glass

wilfred, about ten minutes away. >> scott wapner top of the hour.to it >>> apple gets ready to kick off its annual developer show in about 90 minutes from now. joining us from outside apple's worldwide developer's conference event in san diego, long-time apple watcher gene munster plus david rolfe. good afternoon -- excuse me, good morning to you both gene, i'll start with you, if i may. what's the top of the agenda in terms of what we can expect from apple today? >> maybe even before we get into what to expect, the details, i want to hit the high level, which gets lost, and also tri g triangulates as to why the stock is approaching a trillion dollars. every big tech company has one 8,000 to 10,000 developers at the conference this week, an army of people who are basically enriching the applications, bringing in these phones and devices to life. i don't want to lose track of te the details get pretty geeky what we're expecting today is an improvement in siri, better tools for ai ar kit 2.0 and lastly more around digital health and well-being collect

barclays ceo says there is case for consolidation in european banks in an exclusive interview with wilfred frost, jeff staley said it could help regional lenders build scale like u.s. peers but wrote down any potential deal with standard charter. >> there is no deal going on with standard charter. we spent a lot of time restructuring this bank. we're done we had a terfic first quarter, so we're off to execute the strategy of barclays. >> he also spoke with jes staley about the recent challenges, including the fine he personally received for attempting to identify a whistle-blower. >> the last year and a half has had its challenges we reduced the head count of barclays by 56,000 people. we sold 22 businesses around the world. we closed our retail banking business across africa and across continental europe, et cetera at the same were charged and sued by the justice department over mortgage-backed securities sold in 2006 to 2007. on top of that, we were charged criminally by the british government around a capital raise in 2008. so, we have these lawsuits with the department of justice, with

wilfred frost joins us now from the nyse good morning to you. >> good morning. yes, indeed.u.s. unit failed the qualitative part of the stress test yesterday. the fed said they had widespread and critical deficiencies in their capital plan and controls. i asked the new ceo whether he agreed with the fed's decision >> i think we have shown that from a solidity of the bank we have shown strong result and the stress test a week ago, we were happy about this because there was a lot of work we had put into this one. and on the control side, we he did efficiencies we have done good progress we are completely committed to work with the authorities to get that even better over the next year >> given the size of the unit relative to the bank and the problems it's causing you, do you consider getting rid of it as part of the restructuring >> not at all. for various reasons. number one, look at the size of the u.s. operations, what it makes for all of deutsche bank the u.s. is next to germany one of the most important markets we are in and that will remain the case it's a key market fo

. >>> i'm wilfred frost, the strength of the economy could be a risk to equity markets, and we are live to explain why. >> reporter: in chicago, i'm phil lebeau counting down to the shareholder meeting of tesla >> repor the united states reportedly asked opec to increase supply. what that means for oil prices coming up. >>> i'm kelly evans. trade talks hit home how the new tariffs impact business the "closing bell" starts right now. >> so michelle's handle is one tomato - >> tomato. yes. welcome, everybody, we'll get to the stories in a moment. welcome back, by the way you were in midtown yesterday. >> the old building -- >> that's right. >> saying the carpet was green the day the purchase was made, and what they changed straightaway was blue, and that was it nothing else changed >> very important carpet change. >> well, carpet change, but not much else. just bought as was and continued trading. >> change the carpets a lot more quickly than the business. anyway, that was a decade ago. let's see what's happening today. dow hanging on to a 10-point gain, and averages up and down, and nasd

. >>> i'm wilfred frost. banks preparing for stress test results. which banks could fair best?rter: i'm phil lebeau in chicago. musk racing the clock for production targets and taunting those shorting his company's stock that their time is running out. >>> buiitcoin is, quote, useles, unsafe, and dirty, according to the bank of international settlements. i have the other warnings coming up >>> i'm michelle caruso-cabrera in for kelly

only bank that didn't pass the fed stress test shares are up 3%, a lot more llt to be outdone by wilfredr that on "closing bell," too. dow wiping out june's losses >>> good morning, it's 8:00 a.m. at tesla headquarters in palo alto it's 11:00 a.m. on wall street and "squawk alley" is live ♪ this is gonna be the best day of my life my life ♪ ♪ this is gonna be the best day of my life ♪

power when he refers to, for example, what happened with gadhafi in libya the other issue, kelly, wilfreds think about the fact that kim jong un is the dictator of what is the most repressive regime in the entire world how does that square that we give security assurances to an individual that very much belies what we believe in the united states are inalienable rights of individuals, freedom of expression, freedom of movement, so it's interesting to see them what to do in firms of the tradeoff and how to gain what is the u.s.'s primary interest, to end the nuclear weapons program because now there's potential intercontinental ballistic missiles, and at the same time, deal with the fact that they are dealing with a dictator. >> michelle, clearly, as you say, tradeoffs between these two nations, and time will tell if one of the two is a victor of this summit in any future negotiations between them, what about other nations that could be winners from any deal that comes out of this in, and in particular, of course, thinking of china and whether this is linked to trade disputes the u.s. has

. >> i'm wilfred frost, alsot the new york stock exchange.w counting down to the closing bell and much anticipated at&t-time warner decision, 59 minutes and 35 seconds. >> this is the big one so here's how it's going to go down the news is expected to come out at 4:00 p.m., but we won't know about it right then. we'll learn the ruling

travel industries >> i'm wilfred frost co-head of goldman sachs talks deals, business, and the sport of business. that starts right now on "closing bell. ♪ >> you did get here quickly. >> i did just hopped over the fence >> welcome to the "closing bell" everybody, those stories in a moment, but a check of the markets. after yesterday's big down day, stocks rebounding today, dow adding 9 h4 points, nasdaq up . and russell up, and dow was up more than 100 points in the high of the session, and walgreens replaces ge in the dow today >> it's the one to watch speaking of ge, that is the top story today. we get to david faber who spoke with its ceo, daifvid? >> this day long and coming for ge john flannery, his board of directors, from 18 to 12 members. they have been thinking for a long time about how they wanted this company to look as mr. flannery runs it into the future today, we got that answer. health care is the name in the portfolio that is going to be pushed out it's going to be a modernization of roughly 20%, and 80% is spun or split off to shareholders and the health care busine

i'm wilfred frost at the new york stock exchange.of the committee that decided to replace ge with walgreens in the dow will join us to explain that decision. >>> i'm julia boorstin at the cannes festival. disney raising its offer but is the bidding war over? >>> i'm phil lebeau in south carolina where volvo is opening its first u.s. final assembly plant. those details coming up. >>> and i'm kelly evans. amc is out with its own movie subscription service the ceo will join us in a cnbc exclusive. "the closing bell" starts right now. ♪

boeing taking a shot at honeywell and united technologies details on the rivalry coming up >>> i'm wilfred

. >>> it's time for the "closing bell," and i'm wilfred dprofrost the new york stock exchange.have a global macro outlook >>> at the nasdaq, markets today is a tech-led selloff. a breakdown of the big movers here >>> at cnbc global headquarters, i'm dom chu. trade worries are portfolio worries. who has the biggest exposure to china. we have the details. >>> i'm kelly evans. in a sea of red, serging after promising drug data.

>> well, wilfred, a great question in terms of both, you know, artificial intelligence computing as wellice recognition because that's one of the key battle fronts there we'll start talking to and controlling a lot of things in our lives with virtual assistance, and actually, you know, between ibm, amazon, google, it is really hard to say right now which one is in the lead, you know, they have strength in different areas. amazon leads in consumer applicatio applications, but google has a huge advantage right now in self-driving cars and voice recognition technology is extremely good on the mobile devices as well. it's hard to say among those three, all really doing a lot of advanced work in those areas >> finally, dan, are the chinese competitors here, potentially going to be the ones leading the way in terms of ones with the best technology or most investbinve investable opportunities >> chinese companies like alibaba are investing heavy in artificial intelligence and machine learning, but what we're going to find is because these app kilications are about understanding behavior and int

. >>> it's time for the "closing bell," and i'm wilfred dprofrost the new york stock exchange. we have a global macro outlook >>> at the nasdaq, markets today is a tech-led selloff. a breakdown of the big movers here >>> at cnbc global headquarters, i'm dom chu. trade worries are portfolio worries. who has the biggest exposure to china. we have the details. >>> i'm kelly evans. in a sea of red, serging after promising drug data. the "closing bell" starts right now. >>> welcome to this uesday, everybody, hello, to you >> welcome back. >> i know. >> nice weekend? >> i didn't -- did you see the mickelson hole sat >> i did not see that particular one, but - >> unbelievable. >> i have not gone to -- >> were you on the course when it happened? >> yes, but not by his hole. >> crazy >> it was hot. >> so hot. >> attempt the headache with the beers? so - >> it was unbelievable all those stories in a moment. a check of the markets, though, down more than 400 on the trade tensions with china. coming back, though, 419 at the lows, dow's down 276 points now, but, by the way, negative now for

i'm wilfred frost.s trying to understand the president's latest announcement on trade. >>> i'm leslie picker in washington is corporate america being held hostage? congress is looking into that issue. we'll have all the details >>> i'm bob pisani at the new york stock exchange. eight ipos expected after the bell i'll drill down the names you need to watch. >>> and i'm kelly evans, automakers saying trump's tariff plans could raise car prices by $6 million the trade balance need

power," and "closing bell" starts next >>> happy friday, everyone, time for the closing bell, i'm wilfredo of deutsche bank, only bank to fail the fed stress test speaks out in a rare and exclusive interview. >> i'm phil lebeau in chicago, eight years since tesla's ipo, the stock rocketed higher, there's still a question on the mind of investors. >> reporter: we're in berkley, california, marijuana retailers in the state are scrambling to offload inventory after a law change over the weekend. the winners and losers over th

. >>> this is "closing bell," a wilfred frost, a big announcement today, ending the bond buying programs by the end of the year, what it means for your portfolio coming up >>> i'm phil lebeau in chicago, saying boring company has a major rapid transit project. can boring deliver on the high speed promises >> we're at the new york stock exchange a man in charge of bitcoin policy at the cc as that agenc attempts to answer some of the biggest questions for crypto investors. >>> in washington, d.c., tariffs on chinese goods go in effect tomorrow and what the deal between the two nations can be reached, but a political battle is underway that could hurt the chances of an agreement. >>> i'm kelly evans, julia robertson is here for an interview to discuss the favorite stocks and why it's not a tech bubble. the "closing bell" starts right now. ♪ >>> hi, everybody, welcome to "the closing bell", we'll get to those stories in a moment, but a check of the markets dow is down 54 right now, only average in the red, though nasdaq with a nice session, hitting another high, up two-thirds of a percent, 7

i'm wilfred frost. banks rally and tech stalls. we'll assess which areas of the market you can still make money in >>> i'm julia boorstin facebook says it has shared data with chinese phone makers. what that means for facebook and the users. >>> i'm leslie picker. how hedge fund managent may benefit from changes at athena health >>> and i'm kelly evans. a new report says 40% of housing markets are overvalued we've got the details coming up on "the closing bell." >>> and welcomto "the closing bell," everybody we're going to get to all of those stories in just a moment, but let's get you up to speed in the final hour of trade today. the dow's kind of lifted off here we're up 288 points. it's better than a 1% gain and about twice as well as the nasdaq and russell are going today. although they both hit intraday highs once again nasdaq today 7676 or so. >> it's been a solid and steady rally. let's kick things off today with mike santoli a look at the tech stocks that have been left behind during the sector's rally mike >> you know, the

we have seen situations what happened in wilfred laureate university. we will not see progress.hat we will return to if the -- is exactly the same kind of tribalism that characterized the left. [applause] mr. griffiths: thank you, jordan. michael eric dyson, your six minutes starts now. prof. dyson: thank you very kindly. wonderful opportunity to be here in canada. thank you so much. i am going to stand here at the podium. i'm a preacher. [laughter] and i will ask for an offering at the end of my presentation. [laughter] this is the swimsuit competition of the intellectual beauty pageant, so let me show you the curves of my thoughts. [laughter] oh, my god, was that a politically incorrect statement i just made? how did we get to the point where the hijacking of the discourse on political correctness has become a distinction between us and them? the abortive fantasy just presented is remarkable for both its clarity and the muddiness of the context from which it has emerged. what is interesting to me, is that when we look at the radical left, i'm saying where are they at, i want t

that's all for us here on "power lunch," and "closing bell" starts right now >>> hello, everyone, i'm wilfredrk stock exchange stocks sell off as trade fears with china elevate once again. president trump's top trade adviser will join us live. >>> we're at the new york stock exchange, and china's trade tensions could have an unintended consequence, the ipo market i'll explain ahead >> we're at cnbc headquarters, and the latest of the all-american economics survey results are out, and one sign in particular could be a bullish one for the president. >>

kelly >> all right thank you, joshua, shares inching higher we have a news alert on deutsche bank, wilfredst has that >> in response to the story from bloomberg a couple hours ago suggesting the chairman of deutsche bankers with tieups, sg moments ago, quote, the chairman asked constantly about this matter the answer always the same all the pro and against arguments can be raeead in repos in the media he sees no reason to raise the issue. sounds like a cryptic response, but i would say knowing deutsche bank as i do in a few other conversations with sources that i had, this is fairly unequivocal pushback they don't like to engage in any comments like this this is as far as they would go, and this is definitely an attempt to push back saying this is not the case. why is on the agenda, of course, both banks suffering not just recently, but year to date, down 39% year to date, and share price of deutsche bank, comments back 24%, and struggles, of course, make it plausible it would be allowed for competition concerns and, of course, the german government owns 15% of commerce bank, and they woul

and we let you >> "closing bell" starts now >> i am wilfred frost. >> i am cayla tausche, the u.s.riffs of $50 billion worth of goods in china. china is hitting back. is this the beginning of the trade war. >> though in the red today, the nasdaq composite is on pace for its fourth straight week of gains. i will have a run down of the winners and the losers >> i am kelly evans. with bill miller on the markets today an

i'm wilfred frost. banks rally and tech stalls.hich areas of the market you can still make money in >>> i'm julia boorstin facebook says it has shared data with chinese phone makers. what that means for facebook and the users. >>> i'm leslie picker. how hedge fund management may ba health >>> and i'm kelly evans. a new report says % of housing markets are overvalued we've got the details coming up on "the closing bell."

. >>> this is "closing bell," a wilfred frost, a big announcement today, ending the bond buying programsthe end of the year, what it means for your portfolio coming up >>> i'm phil lebeau in chicago, saying boring company has a major rapid transit project. can boring deliver on the high speed promises >> we're at the new york stock exchange a man in charge of

i'm wilfred frost at the new york stock exchange. the leader of the committee that decided to replace ge with walgreens in the dow will join us to explain that decision. >>> i'm julia boorstin at the cannes festival. disney raising its offer but is the bidding war over? >>> i'm phil lebeau in south carolina where volvo is opening its first u.s. final assembly plant. those details coming up. >>> and i'm kelly evans. amc is out with its own movie subscription service the ceo will join us in a cnbc exclusive. "the closing bell" starts right now. ♪ >> i had forgotten about this song that was a good thing. >> it's good to be reminded. >> no, it's not. >> it's fun. it was terrible. >> this is actually the perfect song for this story. >> i don't know if we could super-impose rupert murdoch's picture on >> welcome to "the closing bell," everybody we'll get to all of these stories in a moment. fox is the big news today. we'll show you what's happening with the shares. but here's a check on the broader markets. the dow which we'll be talking a

. >>> i'm wilfred frost, the strength of the economy could be a risk to equity markets, and we are livehil lebeau counting down to the shareholder meeting of tesla >> repor the united states reportedly asked opec to increase supply. what that means for oil prices coming up. >>> i'm kelly evans. trade talks hit home how th

i'm kelly evans with wilfred frost. >> good afternoon to you fascinating conversation there let's have a quick check in on the 10-year treasury note. we did see the 10-year along th all the yield curve rise as the rate hike was announced. 25 point basis hike. it has slipped back half of those gains. either way, you'd say we're looking at this, the dollar, or the equity markets, the markets already have not a huge reaction >> show the dollar real quickly. that was up. now it's moderated those gains even though there were a lot of hawkish things in the meeting between now here that means a couple to go here keeping rates below the long-term average far long time. again, the idea of having press conferences every meeting starting january gives him the opportunity to explainvery rate hike if that's what they're looking to do. >> absolutely right. some comments on trade he said trade issues could be disruptive, but we're really not seeing it in the numbers yet as you s quite hawkish comments in terms of growth overall. and some comments about the flat yield curve. he said they're not that c

is, absolutely >> thank you for watching "power lunch", and "closing bell" starts right now >> i'm wilfredthe "closing bell" to give guidance or not to give guidance that's the question, a question weighed in on this morning by warren buffet and jamie dim on.s >> we are monitoring the deals at the top corporate governance conference >> reporter: travel to the land of fire and ice is heating up. i why airlines are ramping up flights to iceland >>> a group of senators introducing a bill to curve the president's ability to impose tariffs. we'll have a senator behind the move

what happened to him >> and he expressed how much he hopes prince charles becomes king we'll ask wilfredthat >> fever was 41 years ago. 41 years ago by the way, i'm actually going to -- >> i was born 41 years ago there you go >> our thanks to guy adami sitting in this hour >> always a joy. >> always. >> i'm calling alfred to sitn for you next >> you see me on the alfred patrol i'm going to be -- i'm an alfred at home. i should get paid for it says auto tariffs could cost consumers $45 billion a year we'll talk to the ceo of autonation mike jabs going to join us in a few minutes. and lennar posting a better than expected second quarter. the executive chairman is going to join us in the 8:00 hour. the. extreme risk of burst pipes and water damage... soon, insurance companies won't pay for damages. that is, not if they can help prevent damages from happening in the first place. at cognizant, we're turning the industry known for processing claims into one focused on prevention with predictive analytics, helping them proactively protect the things that matter most. get ready, because we're he

tomorrow marks two years sense the uk voted to leave the european union wilfred frost is joining us this with more on the key dates remaining until the uk actually leaves the eu >>> tomorrow marks two years since the uk voted to leave the ex- eu the 29th of march, 2017, when theresa may invoked article 50 that set the departure date for two years later, 29th of march 2019, nine months from now and this past wednesday when theresa may's eu withdrawal bill passed all legislative hurdles in the uk crucially without major destabilizing amendments added by remainders. afterwards may said it showed people in the uk and the eu that the elected representatives in this country are getting on with the job and delivering the will of the british people. perhaps, but the shape of the deal is not settled, so the long-term effect on the uk and eu's economy remains uncertain what is clear is that the economy has slowed, but is still growing and not collapsed. the ftse 100 and ftse 250 stand well above their june 2016 levels and the british pound recovered a large amount of its post-brexit falls. also th