less than two months after meeting with the wynn family. and president trump tapped andrew wheeler as the new administrator. >> when pruitt resigned, that was it. we haven't heard from them since. >> you haven't heard from the epa since then? >> not once. >> by the end of 2018, still no word on the ban. >> i just called epa's office to leave a message for mr. wheeler. >> but the wynns took matters into their own hands with relentless petitions letters and calls. they took on the retailers, the places where the chemical was sold, and shamed them into action. >> there will be no more methaline chloride products sold at lowe's, home depot, sherwin williams. we did the job of the epa by removing it from the retailers. >> you did. >> so let's move and just finalize it. i've let them know we're not going away. >> coming up, what a campaign promise might mean for your health. >> coal is coming back, clean coal is coming back. 100%. this is anne marie peebles her saturday movie marathons are a never-ending montage of comfort. [where have you been a

>> lvs under performed, and wynn is up.w las vegas has its own problems but you get singapore, you get macau as well, where with wynn you only get the macau entity and the las vegas entity. i would be a player on the las vegas side wynn has been the out performer in the deal. >> churchill downs is up today, big day and big earnings. >> look at wcbw. >> don't fool with the other ones stay withton woulds working. >> what about you, high roller >> i have never played baccarat. have you ever played i walk by and i run. looks like smart people at those tables they have pads they're counting. >> you ever played the slots >> in high school i did. that's another story. >> i bet >> listen, wynn resorts, stocks -- >> i love the laugh track. >> stocks went from 100 to 150, smack in the middle of the range. given the headlines you got to wait i think the entry level of wynn is around 110 where it bottomed out a month or so ago. >> you never played blackjack? >> you want to play the game when i go to the casino which i do from time to t

we are dilling into wynn and match.f you are looking for yield, you are not finding it in the treasury market but we know where it is. we are going yield hunting that's ahead live from towns square in new york city, much more "fast money" right after this. ♪ >>> welcome back to "fast money" time for an earnings whiff shares of wynn resorts and match group both on the move after resulting results. full team coverage on both names. leslie picker standing by on mach, but let's start with contessa brewer on wynn. >> reporter: ceo is echoing what we've heard said, that the high rollers are not rolling so high. he calls the vip business choppy but he says it is episodic data points, not a long-term trend. the mass market gamblers are picking up the slack, up 20% in macau last year, and wynn is shifting focus from high-end junkets to concerts and other nongame offering to stay at the crystal pavilion analysts asked whether the trade war are affecting the scenario in macau >> and when you have hundreds of flights cancelled out

we're also going to get wynn. >> the focus on wynn re sorts will be macaw. of the biggest junkets there putting pressure and the vip segment in particular consensus is that earnings will fall for wynn resorts 5.9% to $1.44 a share. revenues will decline to $1.6 billion. the ceo matt maddux will field questions about what's driving these declines in macaw. the stock is down 16% over the last month sara. >>> up next, seven minutes until the close. we are covering all the angles of this snap-back rally. dow is up 300, still less than half of the grndhaweosou tt lt yesterday. we'll be right back. [ dogs barking ] what about him? let's do it. [ sniffing ] come on. this summer, add a new member to the family. hurry into the mercedes-benz summer event today for exceptional offers. lease the glc 300 suv for just $419 a month at the mercedes-benz summer event. going on now. - [student] my degree from snhu has helped me tremendously. (lively music) the flexible class schedules allow me to run my catering business and be a mom and parent. breakthrough at snhu.edu. you

over that same time frame wynn has lost 18% off its share price, down 1.7% today hong kong-based melcoorts lost a percent today and mgm lost 1 1/2%. but over three months it's actually up. 11%. of course it has the least amount of exposure too and reliance on its macau revenues hong kong is a major port of entry for macau and a summer of protests is having an impact last week we heard wynn ceo matt maddox on the earnings call blame cancellation of hundreds of flights for some of the softness in that vip segment and that was before the entire shutdown of the airport. gaming analyst harry curtis at nomura instanet writes today, "while the protests in hong kong and the closing of the hong kong airport will likely have a negative near-term impact on visitation to macau, the impact should be transitory and visitation should recover once the airport reopens. but of course trade tensions and a weakening chinese economy are also creating headwinds. melissa? >> contessa, thank you contessa brewer back at headquarters i don't know if it's just the reoechth airport that's going to magically turn

two investigates candace -- wynn was on the case . >> the man was epileptic and severely allergic toeizure drugs. sources say they had no idea about his death or that the problem started at the jail. after we started asking questions, they launched an internal investigation and change their policy on medical alerts . >> how could this happen? >> that is a good question and if we could talk to the sons, i have not met them personally, i would like to let them know this is an incident that has a lot of different moving parts. >> the medical alert tag reads epileptic, severely allergic to dilantin, a comic antiseizure drug. the string of events happen in february when he was acting erratically in the jail officer compensating confiscated his medical alert tag. records obtained by ktvu so staff and those of the hospital were said to prescribed him dilantin for at least a month while his medical alert set tucked away in a jail inventory back. the result? an allergic reaction so severe it caused his face and body to peel. within weeks, he looked like a fire victim. he was sent to the uc da

wynn resorts had a tough day today, down more than 7% as you can see. >> contessa, thank you let's gostin with what we can watch for disney results. >> sara, analysts expect disney to grow its revenue over 40% that would be on the strength of its theme parks with its shift to demand-based pricing as well as its studio division which has been dominating the box office investors will be looking for more details in the coming launch of disney plus and how streaming will compensate for cord-cutting losses. we can also hear some questions about disney's investments in china. it was four years ago that ceo bob iger warned that espn is facing big cord cutting challenges the stock dropped by 26% after that warning before rallying over 50% and now the stock is trading closer to an all-time high guys, though, it was down over 2% today back over to you >> julia, thank you. talk about one of the of the dow this year. top three is disney. >> and down 2.4% today is also outperforming. yeah it's obviously not where the real damage was done today >> what are you going to watch tomorrow >> i think eve

investigative and consumer correspondent vicky wynn has more on that story and precautions families canake to prevent dangerous activities like this at home. >> reporter: heartbreak in orlando. police say a 3-year-old boy died sm th a sibling. >> in the course of that playing, the 3-year-old climbed into the front-loading washing machine on his own the door closed. either he pulled it shut himself. maybe the sibling clost.asciates in the last five years including three deaths of children under five >> what makes this so dangerous for kids getting stuck inside? >> first of all, it's an airtight seal. no air gets in secondly, it's virtually sound proof, so you will not hear them scream for help. >> reporter: laurie jennings says most newer washers have a child lock feature >> every model is different. for this model, close the door, make sure it's tight, turn on the machine, let it start up, and you will hold down these two buttons. hear that click? >> reporter: safety officials door or try to plug your washer into an outlet that has a switch so that switch has to be on before you start y

notable companies reporting today include disney, papa john's, discovery networks, weight watchers, and wynnarneys new york, an icon of luxury new york retail, has filed for bankruptcy. the retailer said it will focus on running only five of its namesake stores. barneys ate as well as five smaller concept sports and seven warehouse stores. the filing marks the department store as the latest victim of the retail upheaval. publisher gatehouse media has agreed to acquire gwinnett for about $1.4 billion. the deal aimed at cutting overlapping costs and enabling the combined company to cater to an audience that's consuming more digital content. together the two companies would operate more than 260 daily papers in the u.s., far more than any other u.s. news publisher. the company's estimated they can save roughly $300 million in annual costs within two years. the new company will go by the name gannett. >>> a former executive at the dating site tinder is suing the company. the lawsuit alleges the former ceo gregory blatt sexually assaulted her at a los angeles hotel in 2016. the former executive s

they're getting hammered with wynn resorts down 6% because of all of the uncertain around china tensions flaring up in east china in particular after they allowed the yu juan to fall to its lowest level in ten years. and this happened while the trade war between japan and south korea continues to escalate here to connect the dots for all of us is cnbc's michelle kruch ka brerrio thank you for being here. >> pleasure. >> what do you think is the issue of this timing and latest rounds as it regards the currency in china and this sell-off today >> you guys highlighted throughout your show and the day, their force will weaken under the weight of the tariffs. but i would argue part of the weakening, i don't know how much, maybe because with the yuan, but it does matter you have fares about instability and that could lead to capital flight chinese people want to get their money out as a level of protection and that equals currency you sell your chinese yu juan to buy something else what's happening in hong kong, kelly, is extraordinary. >> lindsey's point as well was the president basically si

a homeland for white people >> reporter: nearly 1,000 miles away in daytona beach, florida, police wynn dixie parking lot. the 25-year-old is charged with threats of making a mass shooting after police obtained a series of text messages where he wrote, i want to open fire on a large crowd of people and that he hoped to break a world record these are just the latest in a series of threats across the country. all of it as communities are on heightened alert following the mass shootings in dayton, ohio, and el paso, texas >> how serious should law enforcement take these threats >> extremely serious these are part of the contagion. these have been interrupted and some may have never taken place but others may have actually went to a mass killing we have to take them very seriously. >> in ohio, the suspect is being charged with aggravated menacing he is set to be arraigned in court later this morning dara >> thank you. >>> now to important heart health news. groundbreaking procedure will now be available for patients who would typically need much more risky open-heart surgery. the same proce

live in livermore, christina wynn don't, ktvu fox2 news. >>> following developing news and el cerritoce are investigating a shooting that involved an off-duty san francisco police officer. gun fire was reported about 10:00 last night on mosher lane near san pablo avenue. a wounded man was discovered outside an apartment building i was rushed to highland hospital. he is affected to survive. several agencies are teaming up in the investigation. >>> san francisco police are searching for the thieves who stole a car battery from a hybrid previous, a battery worth thousands of dollars. it happened last week on webster street in the city's pacific heights neighborhood. the woman who owns the previous said she had parked the car overnight on the street thursday evening. marjorie kaplan so she then returned the next morning to find thieves had broken into her previous. she quickly learned that this was no ordinary car break-in. >> first i looked down and the entire back seat was removed so i thought they had stolen the back seat. because, i didn't know. and i could not open the car. the elect

and we're seeing the protests in hong kong dragging down share prices wynn is on pace for its worst day, down more than 6% could be the worst day of the year for that company. melco resorts off almost 5%. that's based in hong kong, but trades here in the united states las vegas sands, it is down now more than 3%, down 20% over the last three months. and lastly, mgm, which relies less heavily on its china revenue, off 2% now. just a little explainer here they think because there's been such disruption in hong kong, it might actually be dissuading visits from hong kong to macau and then, of course, the currency concerns, the trade war impact on the vip segment, which we have already seen lagging and seen disappointing numbers coming in there. and let's look at the u.s.-based casinos. what you're seeing there is investors running away from the risk associated with casinos in general. some of these casinos are just finished m&a they may have higher leverage levels than what is palatable right now. you can see cesar's off a percent and a half penn down less than 1% now boyd gaming, which is

romaine: you can see wynn resorts rising after hours. second quarter net revenue billion, both1.66 of those beating the average of analyst estimates. macau operations on a ebita basis also above estimates. joe: check out the surge in match group, the owner of the soaring 16%.nder, tinder users up 37% year-over-year. they beat on revenue, earnings, investors love it. caroline: i wish we could stick more with match, but we are returning to trade. to fall pastyuan seven yesterday. the move came after the u.s. labeled china a currency manipulator. secretary larry summers criticized. >> now declaring china to be a manipulator raises a specter of some kind of further retaliation, raises a specter of a situation where it will be more difficult on the grounds of pride for china to say yes to u.s. demands. caroline: let's bring in our bloomberg businessweek economics editor. we sort of saw potentially a dialing down of aggression from china with their fixing of yuan, but we traded back above seven anyway. it rings true from china's perspective th

wynn resorts up strong on positive results and kohl's of 4.9%, rallying ahead of the report tomorrow. , ain, it is a risk on day rebound from some of the volatility last week as the bulls are trying to take charge. david: coming up, boris johnson is on his way to funnel europe to talk brexit and 2 million barrels of iranian crude have left gibraltar, heading east, while hong kong has had another week of demonstrations. we talk about what it all means, next. this is bloomberg. ♪ david: this is "balance of power" on bloomberg television. i'm david westin. itika: president trump is reiterating his criticism of the federal reserve and what he called the lack of vision by jay powell. on twitter, the president urged the fed to cut interest rates by at least 1% to help the world economy. he added that the u.s. economy is strong and democrats are trying to "will it to be bad" for purposes of the 2020 election. thes johnson is dismissing notion of recalling parliament early from its summer break. over the weekend, the government documents warned of widespread medications shortages and water de

wynn resorts up almost 5%. its casino in boston took in $50 million its first month open. of course, only three casinos in massachusetts. we did speak with the ceo back when they were anticipating the open. it looks like it has gone pretty well. guy: that's interesting. interesting about the u.s. consumer. tells us a lot about where we are right now. european stocks are higher. volumes aren't exactly great right now, but the trade narrative is helping. we may get an effective rate cut out of the chinese overnight. . pay attention to that one. looks like the huawei extension is likely to go through as well. all of that helping lift stocks up, but it is unlike volume. yields moving as well, moving higher. bond prices are coming down. big focus on germany on the fiscal side. we will talk about that in just a moment. that is a narrative moving markets at the moment. brent crude up by over 1%. a bunch of reasons for that. we've had an attack in saudi arabia, a drone attack. also, the trump tariff talk helps out, may be giving brent a bit of an uplift. the global economy obvious

up big on positive performance for wynn resorts with a new casino in the boston area.er hours because one of the two stocks beat in a very big way and the other disappointed. major moves in both stocks after hours. paul: that's talk about oil prices, getting a boost from a hint of trade war progress but also some signs of more of a flashpoint in the middle east. su: we had two of those factors both impact oil, we are still bigger picture, down 15% from a bitril peak so taking of a breather from the very strong bull run. talk about another interest rate help gold but given all the uncertainty that still remains, it has a long bull run ahead. shery: su keenan, thank you so much for that. joining us now is wells fargo securities equity strategist anna han. great to have you with us. we saw yields rise today as well as stock market. more transitional move then we have not seen so much of recently. given how extreme the bond market has performed recently, where are we in terms of equity valuation especially with the recent selloff? anna: it has really created a buying oppor

wynne a question.mention something but secession and seem to make a dinks between the secessionist movement and the institution of slavery earlier in this session. can you clarify that or did i just -- >> they're always -- it's all intertwined. >> i'm sorry. >> all intertwined by -- the secession movement, the actual political act of. seceding, the southern states seceding in a political citizen. secession was the product of the fact that one section of the country had slavery and the other one didn't. so the southern states seceded to defend that institution but when i was talk about theirs a difference, talking about the actual political act of secession. does that make sense? >> i think so. >> and foote was both pro slavery and antisecession. >> extremely pro slavery. that's what made him such a strange character. he was a pro slavery ideology. >> this is what is so interesting, what makes the civil war so interesting is that you have a situation where there are people who say, no, we shouldn't have

now our photo journalist todd wynn and i will take you back to the line snaking around the corner andk all day long and they are expecting another rush because people are just getting off of work. now what are florida officials doing to mitigate this? governor ron desantis said we have fuel here in florida but we have a problem getting it from the ports to the gas stations because of such heavy demand and what they're going to do is they're going to wave truck and service fees for the tanker trucks coming here and they're going to haves courts by state police to get them here faster. and other measures like that. but this is kind of the result you see. the lines sneaking around the corner here. and the general manager of this wawa, his name is larry peck, he told us a short time ago on the average day he has 1700 people buyi buying -- gas at this station and today he believes it is more than tripled today and yesterday and he is frantically trying to prevent histation from running out of gas. they did run out of regular unleaded fuel at about midday but they had tanker trucks come int

wynn resorts, up more than 3%. so is mgm resorts. and las vegas sands up 4% on the day. that's a reversal from what we've seen in these stocks have been pressured by these ongoing protests in hong kong and certainly by the complete shutdown at the airport. hong kong's a major point of entry for macau. and those macau gaming revenues were surprisingly suppressed in july they were down about 3.5%. so this will come as good news and sort of something to hope for for the casinos that they could see a traurnd here today, guys >> and now the dow surging over 500 points at its high veteran trader art cashin joins us next with his take on the rally. s&p also up better than 1.5% nasdaq up nearly 2 we'll be rig bk.htac from fidelity.our daid a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. i felt completely helpless. trashed online. my entire career and business were in jeopardy. i called reputation defender. they were able to restore my good name. if you are under attack,

and take a look at shares of wynn resorts, on track for the worst day of the year. they are set to report tomorrow after the bell sara. >> anything china related getting hit hard thank you. stocks selling off with china tariffs still in focus as we were talking about a new round. steve liesman joins us now on why economists believe this round of tariffs will be different and worse than previous ones. >> economists have warned about the negative impacts of all the tariffs so far they say the next round threatened by the president is potentially far worse. here's why first, economists say the tariffs will directly affect the consumer other tariffs were structured to avoid a direct hit what's left to be taxed? chinese consumer imports second, the tariffs could hit around the time businesses begin to hire and order for the holiday shopping season. third, a time of global economic weakness in part a result of the prior tariffs. it forces managers to decide if they are going to pass tariffs through the consumers or absorb the higher costs in process. chairman jerome powel

leverage sheets, but the china concerns are definitely dragging down the casinos with exposure in macao wynn has the greatest leverage to macao, and it's off 7.33% on pace for its worst day of 2019 los angeles sands owns more than 70% stake in macao it's off 4.5%. melco resorts down 6.3%. and mgm resorts, which relies less heavily on macao revenues is the best of the bunch, down 2.5%, but there's an impact in las vegas, because fewer chinese visitors are hitting the casinos. jeffries just today lowered its estimate for macao 2019 gaming revenue growth to 1% from 3.8%, to reflect this weaker third quarter. it points out pressures exerted by the trade war, the political turmoil in hong kong, even a typhoon last week. analyst david katz writes, signs of optimism are scarce >> even scarcer now. contessa, thanks president trump claiming today in a tweet that china is paying for the tariffs, not u.s. consumers. many disagree on that point. courtney reagan is looking at the areas of retail where prices are rising >> we know companies pay the tariffs first and then consumers. retail stocks selling o

wynn resorts ceo said in an earnings call that the hundreds of flight cancellations were definitely an issue in the near-term. and analysts are echoing that sentiment and watching for how big this impact will be on q3 results. wilf >> contessa, thank you very much white house trade adviser peter nah rvarro appeared on this shon friday saying there's more room to run in the bull market despite recent volatility. >> what really matters for the market over the next couple of months going into the holidays really is going to be how far the fed is going to lower interest rates and really, whether we get the united states/mexico/canada agreement we had some volatility related to the china issue earlier in the week and at the end of last week, but investors are seeing through that and this is a bull market and will continue to be so >> for more, let's bring in alicia levine, chief strategist at bny mellon investment management good afternoon to you. what do you think? do you think there's more room to go in this bull market? >> i would agree with victoria that we do see room to run however, t

and after the bell, we'll get earnings results from disney and wynn, both important both have some china angles there. it all starts at 3:00 p.m. eastern. though for disney, i guess, david, as you mentioned, the big question will be, is all the optimism about disney plus and the studios enough to offset some of the weakness >> words about cord cutting and espn we tend to forget sometimes given all the optimism and the stock has done quite well since the big announcement i'll be tuning in to watch w araticlshould be. itas dmac ose yesterday. we'll see what happens today "squawk alley" up next don't go away. >>> good tuesday morning welcome to "squawk alley." i am jon fortt with morgan brennan and wilfred frost here at post 9, new york stock exchange carl has the morning off and we are going to begin, of course, with the markets stocks coming off their worst day of the year after the dow posted its sixth largest point drop ever. but back in the green this morning with names like apple and boeing leading major indices higher so what should investors make of yesterday's dive, today's rebound

wynne a question.tion something but secession and seem to make a dinks between the secessionist movement and the institution of slavery earlier in this session. can you clarify that or did i just -- >> they're always -- it's all intertwined. >> i'm sorry. >> all intertwined by -- the secession movement, the actual political act of. seceding, the southern states seceding in a political citizen. secession was the product of the fact that one section of the country had slavery and the other one didn't. so the southern states seceded to defend that institution but when i was talk about theirs a difference, talking about the actual political act of secession. does that make sense? >> i think so. >> and foote was both pro slavery and antisecession. >> extremely pro slavery. that's what made him such a strange character. he was a pro slavery ideology. >> this is what is so interesting, what makes the civil war so interesting is that you have a situation where there are people who say, no, we shouldn't have, w

and we invested in wynn resorts and we were one of the founding investors, and steve told me that there another investing and i would like to have you and so we invested after we studied the land that he owned and what he was planning to do, we invested $25 million. n when it was at $20 a share and he went public at $15 or $16, at $13 a share and we invested another $25 million maybe we invested $50 million at 20 and then when it came public at 13, we invested 7 or 8 million shares and ultimately the stock went to 150. so it was down after we invested, it was down two or three years later. and then people would say i don't want to invest because it's not going to be a casino for six or seven years we invest all the time when businesses are growing tesla, when we invested in 2014, the revenues were less than $3 billion a year this year is revenues are going to be about $27 billion. so the company has grown ten times in revenues since the beginning, then they were sort of struggling and next year i think we're going to do $35 or $45 billion and in two years they're going to do $100 billio

concerns and whatnot we'll highlight, first of all, what's happening with shares of casino operator wynnrket volume one of those with outside exposure to chien wna and the economy over there semi conductor trade key focus for investors, nvidia shares up about 3.5 percent, 150,000 shares of premarket volume as well semi conductors, another indicator or battleground for that u.s./china trade relief there. we'll finish with regions financial, among some of the banks in focus as the yield curve, that difference between long-term and short-term rates expands more, moving out of that recession indicator zone those shares up 2.5% on over 3,000 shares of premarket volume as well. and call your attention to what's happening on the other side as risk haven type assets start to come off in value we're watching gold prices off about a percent or so. year-to-date basis they've still surged second straight day of declines for gold futures as folks start to take a look, a little bit, at these haven assets, treasuriy i falling in price yields rising, gold falls in price as well. >> recession among the w

now, some of the trade-centric names outside of semiconductors farmed equipment maker deere, up 1.5% wynnnd best buy on the electronics retail side up 1.5 to the upside as well. some of the names that are bouncing more today we'll see if they can get back more than what they lost on friday, becky back over to you. >> dom, thank you. joining us for more on the markets ahead of the opening bell and where investors can find opportunities is jim paulsen the chief investment strategist jim, everybody is worried about the trade talks, at least that's what the markets have been reflecting kind of moving with every tweet, with every comment from the president. you say that you don't think the trade war could really have as much direct impact on the economy as some are believing at this point why is that? >> well, i don't know if that's true for sure, becky, but i kind of think that the trade war is definitely a negative. and it's much more a negative for china than it is for us. no doubt about that. but i think we're talking about, you know, even if we eliminated trade with china, might be a half

same with wynn resorts with a large amount of its business at the macao casinos.ors, the largest market in china. off by 2% as well. if you take a look elsewhere, it's not just single stocks. we're talking about certain parts of the macro market. i want to highlight two etfs this is the ishares long term bond etf in the extended trade, up 1.5% for a treasury etf this move higher is running a six day winning streak that indicates a lot of demand for the safety of treasuries one place to look in place of the macro markets, the yen this tracks the currency moves the invesco currency chairs, xfy the taker up half a percent. statistically significant, he tried to say that's a move higher treasuries and yen one other place is the developing divergence between the u.s. and china, but a move differently here this is the ishares china large cap ticker and the etf you can see for most part of the year they tracked pretty closely themselves just about may we started to see a bit of a divergence. they got bigger here the issue, andrew, is whether or not this trade development

i feel like they are locked and loaded and ready to go after trump and wynn the election and turn thishing around. host: from the bronx in new york, sophia. good morning. caller: good morning, steve. i am so happy to see you today. i normally wait on sunday and they -- i had one question for you and one comment. interviewed is you president trump. i would like to know what day they are going to show it. i have c-span 3, 2, and 1. if i get off the phone, let me know what day they are going to air it. host: i can tell you now and you -- we can get your comment. it will air sunday morning at 2:30. we aired it -- if you have access to a laptop or computer, it is front and center on the homepage. a 26 minute interview we conducted in the roosevelt room. you can watch online anytime or saturday morning eastern time. caller: thank you so much and my comment is about the debate last night. it does not matter who for me because i am exhausted. i cannot choose. anybody who could take -- i voted for mr. trump, steve, and i voted twice for president obama. i am so tired and exhausted and about pre