so amazon did what it knows best, crunched the numbers. >> we had lots of data, from external sources, data we gathered and data from the responses that the locations gave to us. >> on workforce, transportation, education. >> we knew it was going to be competitive. >> in crystal city, matthew kelly, saw amazon as a catalyst for his firm's plans to develop the millions of square feet of office space it owns. >> we were offering things they were looking for, in terms of workforce, infrastructure, labor pool. >> it took a coordinated push by the company and state and local government. >> we said one of the ways we provide value is by investing in our human capital. >> virginia's bid was the only one that included a new college campus next door. >> what was unique about virginia was the commitment to developing the long-term talent pipeline and virginia is also a great place to do business. >> so they get through all of that analysis and they get to september, a year into the process and they realize, they can't come up with 25,000 people to hire in one place it's too much of a task for a

companies thatmake more than 25 million euros there, 30 companies qualify, including google, facebook, amazon, apple, the companies for which the proposal is named. u.s. trade representative robert lighthizer says american companies are being targeted for being global leaders and usdr is looking into a response that could include new tariffs. now the deal was defended by the french finance minister today and still must be signed by french president emmanuel macron president trump spoke with macron by phone on monday but the official white house read out said the two only discussed iran back to you. >> thank you sara, my favorite of the shorthands are it's the one, seriously, when they take all of the vowels out of it. >> not really an acronym. >> you're right. but it's a social media -- seriously. >> you only get a certain number of twitter characters. >> anyway. >> i like the in case you missed it one. >> that's a good one. >> you know who knows all of these, tech expert josh lipton has the latest on microsoft for us >> yeah. wilf, news here microsoft remember, does have an answer to slack.

prime day isn't just a big day for amazon though. it has created a halo effect for rivals, many which offer competing deals. adobe analytics predicts sales could surge 79% compared to an average monday or tuesday in july >>> thank you very much. now chewy is set to post results for the first time since going public lesley pickard has the preview hey, lesley. >> hey, wolf that stock up 55% since its ipo just last month. a slew of analysts initiated coverage on chewy this week with more holds than buys actually. the main bearish case on the street is valuation. the stock popped in its ipo as investors clamored for the largest pure play online pet retailer the bulls, however, point to chewy's growth and a recession-proof category with a path to profitability. chewy's first quarter earnings are due out after the market close on thursday with a conference call to follow. we will be listening in, guys. >> leslie, thank you >>> sticking with earnings, the big banks also set to post results next week. wilfred, you will be busy. what should w

going from amazon or other retailers. price blink shows amazon branded or exclusive products, the fire tv stick, echo dot and echo show, they're getting the most attention again this year by page views nerd wallet said that's not surprising prices will are lower today than they were on black friday 2018 if they're amazon-owned products, it's amazon controlled pricing. amazon shares are up half a percent today. a analysis of the past four prime day events shows a month later 100% of the time, amazon shares are higher. by an average return of 5% perhaps foreshadowing what we'll see for amazon shares a month from now back over to you >> court, thank you. meantime send it over to mike san toll i who is back with his market dashboard >> thanks. pick up on the amazon conversation, something i'm calling eating the competition they say you shouldn't go to the super market hungry. maybe that applies to titling charts, too. here's the theme kids feasting while parents starve, that's another kind of haves and have notes story starti

if i you viewed most at risk, probably amazon, baba, facebook. least would be apple >> why amazon? >> because two distinct businesses and i think that is really where i think investors went from background noise a little more of a focus to see what comes out of hearings. >> and what is your take, david, so which is most at risk >> i think the companies most at risk, facebook clearly in the crosshairs of regulatoregulator obviously if you look at amazon and their ability to control the access of thousands of businesses to their customers across the aws platform, i would see amazon as being more at risk perhaps than facebook. facebook already has enough issues of their own to begin with and as we look at government interest in the tech sector, and these companies specifically, we also have to look over towards europe and see what france is proposed around the digital services tax so from that standpoint, looking at government oversight and regulation of tech, it is not just the u.s., but progrperhapse global >> and do you feel like it is priced into the stocks this political risk >>

if the investigation finds amazon broke competition rules, it is company could be fined up to 10% of global annual revenues >> aditi, thank you. >>> facebook facing another hears today, this time before the house financial committee. ylan mui has more. >> reporter: lawmakers wanted the company to commit to a moratorium on libra, or at least start with a pilot program facebook said no, so congressman brad sherman says he's taking it to the top. >> zuckerberg can't print money, yet. and problem number two, zuckerberg is under attack, because he invades the privacy of ordinary americans and sells it to the highest bidders. we need zuckerberg here. >> reporter: guys, chairwoman of the committee maxine waters said today was just the first step. >>> for more on the growing calls to regulate big tech let's bring in representative rho khanna amazon not in your direct, but i'm curious to get your thoughts on the eu taking seemingly a more aggressive stance on much of our large technology companies than we as yes have, and specific to amazon and the latest -- that may be having to deal with in

i know amazon is a front-runner. any chance that microsoft gets it >> there is a chance microsoft is executing on all cylinders. their move it open source has been brilliant and well executed they're doing exactly what investors should be focusing on, taking market share away from competitors, focusing on areas they excel at and improving margins. we saw all of those things in today's report so, you know, i think that trend continues. they are being -- the other thing president trump said he would look at google there's pressure on the competitors. that benefits microsoft. we're long-term investors. we're not trading this stock. >> 33%. >> without a doubt it's a trillion dollar market cap company. let's remember and i think it's a pretty unasailable report up a little less than 1% on a really good beat on a really large company shows you that everyone gets it and i think that the company is getting a lot of credit. it deserves a lot of credit. and only thing you have to look at for is people getting too overconfident

facebook, amazon, google all reporting results flex week. how to pro situation yourself ahead of the big reports a major developing story in the oil market, crude shooting higher on news iran seized two tankers in the strait of hormuz. we are watching the reaction very, very carefully karen, you are not

amazon pushes you to amazon prime. so roku is agnostic. so you wind up getting everything you could funnel through and decide what you like better they're going to be in more and more tvs, more and more set-top boxes. i think that it is due for -- ripe for a pullback when it's up 200% you can't knock mahaney for backing off t. >> 30 minutes to go. here are things driving the action, mixed action on aufwall street we are on record close watch for the s&p 500. any positive close would set a new record i think it would be the seventh record close of 2019 oil prices sinking as opec wraps up its meeting in vienna they popped yesterday. and yields on the ten-year treasury falling back below 2% >>> time for a news update with sue herera >> hello, everybody. here's what's happening at this hour after three days of negotiations, e.u. council president donald tusk confirming that the european union have reached agreement on their new leadership >> we have proposed an underline of the next president of the european commission, and nominated christine

. >>> tech heavyweight, microsoft, app, facebook and amazon currently make up 13% of the s&p 500's weighting and we will look at whether that should be a concern for investors. >>> and the massive week for earnings continues tomorrow featuring results from coca-cola, visa, chipotle, kimberly-clark and more. longelut what to expect later on "csi bl. >>> let's send it over to mike santoli for the final dashboard theme. housing? >> walls, buildings. it was a little flimsy today, i grant that but this one i think is interesting. betting the house, so there's a report in "the wall street journal" pointing out as many have that the biggest four stocks in the s&p 500 account now for an outsized amount of the gains this year but i went back into history. is this really unusual to have the biggest four companies in the market represent a large chunk of the s&p 500 the answer will be no. so 13% right now if you go back to 1960, very, very concentrated with huge industrial companies we'll get to the names in a little bit and dip down. been below in 1990 it was not shown but 9% but there were types when

facebook, amazon, apple less so, google more so but less than 2%. i mean, are you surprised we're not seeing bigger declines now that the doj is looking more seriously at that. >> i wouldn't say surprised. it's understandable we get this reflex move. facebook especially, amazon certainly so it's sort of a step back. >> do investors have no fear of this >> i think dough mean't know ho quantify it. i think the things -- first of all there is a chilling effect on additional acquisitions if you thought they had to be aggressive, probably not going to happen and the bundling of products and services. amazon privileging its own, you know, its own in-house brands or something like that. google, you know, if i do a mobile search on a movie and google, google wants to give me the google rundown as opposed to some third party, imdb owned by amazon that's what i wonder about >> google wasn't mentioned in the list of names this is just additional reports but one would imagine it might be in the spotlight as well. >> for sure. >>> now, chipotle stock hitting an

analysts are likely looking for clarity on how amazon could respond to regulatory scrutiny amazon is usually quiet on this front but we'll see if tomorrow it is different. back to you. >> all right deidre, thank you. >>> alphabet set to report tomorrow josh lipton here with the preview. josh. >> reporter: so, sara, alphabet is up about 9% this year but it does badly lag the market and the tech sector. street expecting q2 eps of 11.32 billion. the company is facing head quins including slowing growth and increasing regulatory threats with the doj opening the antitrust review some believe google could be in the crosshairs in part given its market share in search guys, back to you. >> thanks for that a lot of after hours moving. >> facebook has slipped as well. so it looks like it will be a bit of a test here of the notion that earnings have been good enough, we have the fed, lots of things moving in the bull's direction. very good action today. >> and regulatory pile on. >> today's record -- >> a little bit. hey, it was a soft open today, too, and there was resilience throughout the da

and i think it's interesting on amazon, i only worry about the top line amazon spends so much money, and i will say this, i have a lot of positions in private companies that sell consumer goods and services in america, almost in every state now, and about 30% to 40% of our sales are now on amazon, and there's good pros and cons to that, but we really want that same-day delivery. so, if there's more capex going into that, i'm very happy with my position in amazon. that's going to be a game-changer for a lot of providers. same-day is a big deal, because it lets you get an advertising spend and get a direct measure to how impactful it is in regional markets, when you can deliver the same day >> we have got another earnings report out, and it's starbucks kate rogers has the numbers. >> very strong q-3 for starbucks here, beat on every metric we'll take you through eps 78 cents adjusted compared to 72 cents the street was expecting. revenues $6.82 billion versus estimates of $6.6 billion. that's up 8% year on year. the company also says that's an all-time high for revenues global comps up

deidre >> amazon is in full spending mode and that is cutting in to profits. investors, they don't seem to mind much because higher spend translated in to faster top line growth within day shipping costs may be bigger than expected, but as the cfo noted, they have been down this road before with warehouses and fulfillment, the willingness to spend on innovation in the past rather than deliver profit has paid off so far. so investors remain patient for now. this time around though, things could be different amazon is facing international and of course regulatory challenges >> deidre, thank you alphabet is on pace for its best day since 2015 actually contributing a huge chunk of today's index gains josh lipton has more in san francisco. >> so heading into this print alphabet was lagging the market and tech sector, but today i investors are mil piling in. easing fears of slowing growth that have weighed on the name. and the company gave investors something else they wanted too, more disclosure. revealing that its cloud business is now on track to rake in more tha

amazon was the fastest of the other ones and then you can go down the list, microsoft, 1,400 delays, starbucks, over 1,500 days, and then google, public in 04, 29,608 delaays. investors have front loaded this vast opportunity you can't look at any other stocks and say beyond meat's ultimate market opportunity is bigger and less appreciated at the ipo. i don't believe anyway it shows how high the bar is. >> i don't want to offset that extraordinary statistic for beyond meat but was it fair to say it was the smallest of all these companies when it ipo'd. >> i believe it would have been the smallest, although starbucks came public at a relatively modest valuation, and it's very true that microsoft was already a giant great company when it came public, google was highly hyped. you could make the argument that at the ipo price, beyond meat was completely depressed relative to its opportunity in terms of valuation, but nonetheless, 800% in three months is a pretty big helping no matter what. >> go get some lunch, mike, we'll see you in just a bit. also small float is that healthy or unheal

you get overwhelmed with it in just one streaming service netflix, amazon prime video. you've got now at&t warner media that will launch a streaming service and all of these cost money. if it's a stand alone, $16, $17 which is what at&t says it is going to cost. big deal but you try to bundle those altogether and try to figure out content. is this a scenario where those who are late to the party miss out entirely if you missed being on cable in the '90s >> well, you know, i don't know if that's the case but what i do know is that there are several content companies out there that could be very attractive to somebody who want to bundle or somebody that want to add to their content. >> like what >> well, there's discovery out there which is, great assets you deal with john malone to get it or lion's gate and that kind of thing also amc which is a very attractive asset in terms of content creation and audience. also, i think there's an opportunity for what i call targeted content companies to find a place and build a brand and ultimately may be acquired we have one within

amazon has that network. they have this fleet of cars and motorcycles and bikes delivering packages across cities why couldn't they do that with food delivery ate tougher business than you would have thought >> here to discuss a little further gerald storch former ceo of toys "r" us and hudson bay. thanks for joining us. great to see you in term of your bread and butter in the retail industry, to what extent was amazon's growth in that area supported by their later innovations whether it be video online or aws? >> well, as a retailer, we had to make money. they were losing a lot of money. but, i had done deals with jeff bezos. i've been his partner. been his competitor. he's very fierce i would never under estimate amazon they have changed the world of arresting. even when they were smaller, everyone chased after them the net effect has been is that retailing is not the business it was back then. it requires far more capital investment to compete because you have to have both great stores better than ever whi

a lot of retailers get prepared to hone in on amazon's prime event next week. back over to you >> bertha, thank you >>> millennial traders are breaking from the rest of the market for the first time in two years. t.d. ameritrade is seeing a divergence between millennials and the general public, according to their june imx survey joining us now is chief market strategist at t.d. ameritrade. so let's talk about that age gap differential >> for the first time since november of 2016, our clients were net sellers of things not just equities but overall. >> by a big margin >> well, yeah, a pretty good margin, particularly in equities even more so than fixed income i think one of the interesting things about this is it shows that although, you know, as the market is at all-time highs, at the end of the day it was a good first half of the year for retail traders i think they've gotten to a point where they're like, okay, there is so much on the horizon. maybe we should take some risk off the table overall. i think it's interesting they didn't go equities right into fix

amazon one of the best performers in the s&p 500. we're also waiting results from levi strauss this hour we'll bring you them as soon as we get them. first to talk about the market today barry math is here welcome barry. tom farley still here chairman and ceo of far point llc mike, what about you, had an interesting mix of sector performance today, materials not so hot, real estate doing well, but financials and tech. >> exactly mostly financials and tech consumer remains pretty much leadership across the board. so i think that's been pretty consistent we were talking yesterday about how this calming down of the market after highs last wednesday looked innocuous was a little overheated. i would imagine tomorrow with powell and the next day, it's a two-way risk could say something the market could relax and move to the upside as well as potentially taking back talk about a fed rate cut seems like it makes sense. the open this morning the s&p was just barely below friday's morning low, after the jobs report and picked up from there. th

>> google. >> i think -- >> amazon. facebook >> you think that's in the valuation. >> i don't think at all. if you told me those companies have zero growth from china and china related i would say those are multiples that have significant room to the down side we all get the national champion story. made in china 2025, one belt, one road it's all about technology. we know that if we think u.s. tech companies are no longer going to have access to the size of that market -- >> i think it depends on which tech company i think a company like alphabet, do they want to be subject to censorship laws in china they may not be technically shut out but they may choose to shut themselves out >>> president trump is speaking to reporters at the white house after signing the humanitarian bill let's listen in. >> no message to iran whatsoever >> any reaction to the protests in hong kong today >> i don't think it's solved i was with the president of xi of china we had a great talk, a great discussion talked about doing something and we'

amazon, fresh all-time highs, underperforming last six months. take it now. >> grasso. >> you know what has no impact with trade or anything going on? match.com. >> match >> match group. >> what match? >> match group. >> whoa. >> up 71% year-to-date if you want to hold back, wait until it reaches 75. >> are you on that >> steve knows a lot about that. >> final drad? >> soar industries. >> interesting. >> for a >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to make you money. my job is to entertain, educate, teach you, explain it all. call me or tweet me @jimcramer that's it. okay i have had enough, right i keep hearing at today's rally dow gaining 77

again, you are talking about reasonable valuations in facebook, google you can't say that in amazon i can say it certainly in apple. i think you have every reason why people would be running into big cap tech. >> when you take a look at valuations here and you are sort of thinking about the framework in which the value of these stocks, do you also put in a question about their future growth depending on what comes out legislatively or from other countries in terms of taxes on revenues and things like that? i mean those things are -- >> they're unanswerable. >> should there be a discount in the valuation? >> i would argue there is a discount to the valuation already in there when you talk about -- i agree with tim that google and facebook to me are not super expensive. microsoft, a great company, they've been killing it. that is actually getting to be a little bit more expensive. so when you ask the question, is it okay to buy here, if you go home long, it is the same as buying it here i am long on facebook, i am long on alphabet, i am long apple i think that today was, you know, start

we're all focused on amazon. this one skates right past everyone >> it got dissed by us. >> we didn't do a whole show on it there was no trillion dollar market cap ringing the bell. there was no thing we do for bitcoin in the lower right, that whole thing. >> nathan, though, you know dan, maga, that's the m in maga. >> but i think dan would say faded at this point. >> he's not here, he would hate it. >> anyway, with can we move on unh, brian kelly fade it or trade it i'm going to take a page out of carter's book and not tell you what i think. >> because you don't remember. >> take the camera off me while i look at it i'm looking at this in the beginning of the month the stock was $240, right? we've now moved up almost 30 points well over 10% move here any asset that moves up that much and particularly a stock when the volatility is relatively low to that, to me that's a fade. i'll fade it this is where you sell this one, not necessarily anything against the company, but it's just the price action. >> see this is

is all about the original content and that's what they have to do right now, and let's keep it. >> amazon did it for 20 years, didn't it? >> yes. >> just burned through cash. >> i owned netflix and bought it a little over a year ago i pitched this one as well and everybody voted against me why? because they didn't see the vision he sees right now in terms of international power and -- >> i change my vote now. >> i appreciate it. >> now that everybody sees that view, that's why he founded -- >> he has the vision. >> all right still ahead, energy getting slammed today. one trader says more pain to come it is not going to get better. we will break it out and talk about why. check out the cramer cam, jim cramer speaking with domino's ceo. that stock was roasted today we will bring you those comments right after the break. ♪ and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. >>> all right. we

so if you're a business, where do you go to sell your product, to ebay or amazon? >> the breakup of the company, that's kind of interesting. >> right i mean ebay is not expensive on its own and i love there are some very big ideo sin crating events that could happen here. the company is saying, we're looking at it. maybe the activists came out and said, here is our agenda, we're going to take over the board unless you do these things they said, fine, we'll do these things i like it here i think the risk/reward is interesting. i think stubhub and it could get big prices on long. >> i will do what you did to me on long. i look at ebay and i'm kbreimpre the stock can perform and survive but how much is without sub hub and classified on the up 39% year-to-date can you get back to old highs? >> i don't think you need to get back to old highs. >> what are you playing for if you buy straight out the equity? >> i wouldn't be surprised to see it at 50 bucks that wouldn't surprise me. >> okay. >>> still ahead, we are all over the big after hours movers check out ibm, losing

now, it is important to note it is not just amazon that is a big competitor to chewy. jm smucker recently strengthening its pet food portfolio with a $1.7 billion investment, and general mills buying blue buffalo. share is up in after hours, trading up over 44% in extended trade. i'm curious, you and the guys on the desk, how many own a pet >> you, you, everybody except me. >> me as well. >> but per capita we have more than one per person. >> there we go. >> yes. >> seema, thank you. seema mody we will trade this in just a moment, but we want to hit crowdstrike. that stock is soaring in after hours session. rahel solomon back at headquarters with reaction to results. >> you could count me in i also have a pet. crowdstrike up more than 8%, almost 9% in after hours trading. the numbers in line with what the company reported in june on s1, but here is the interesting thing here the cyber tech company raised guidance for q2 and full year. the company reported revenue growth of 103% year over year. alex henderson of the company telling me it was a bit of a surprise to see t

facebook, amazon, google all reporting results flex week. how to pro situation yourself ahead of the big reports a major developing story in the oil market, crude shooting higher on news iran seized two tankers in the strait of hormuz. we are watching the reaction very, very carefully karen, you are noting in the after market session the futures look like it was reacting to this look at the oil market you would think there would be a little bit more to this than what the oil market is pricing in what do you make of in >> too political, it doesn't seem to move oil at all. steve alluded to this a couple of days ago. i don't think geopolitical risk or uncertainty has any effect on the oil market whether it is right or wrong i don't know, but i do think it has -- for the broader market i think it has huge implications, and we'll talk about it quickly. i don't think iran wouldn't do this on their own i don't think. i think clearly they have the backing of somebody out there, and i think this has far greater ramifications. i think the market is un

guy had amazon as the bad. facebook is good so my good would actually be amazon my bad would be facebook which makes a good "fast money". here's why amazon is good. they focused on profitability over the last four or five quarters much to, i think, at times disappointment because people were finally looking at this company as a growth company that stopped growing how do you have this multiple. ultimately i do think they will start to give you north of 20% neutral growth and i think that's really the issue. when i look at facebook, despite the fact that it's been and maybe because of it's been such a great run for the stock the realities around the regulatory environment the libra coin is not a game changer for them revenue wise any time soon their expense margins continues to go through the roof that would probably be my ugly if it wasn't for google which i do think is a great company and agree with karen the problem with google right now and what makes this quarter ugly not the company and not the valuation, n

to tim's point, the stocks had tremendous runs, at least amazon and facebook you look at amazon, into earnings now, you have to wonder, do you want to try to play it from the long side into earnings with this headline risk out there. it is interesting, quickly gene said facebook's five points out of ten which i sort of get, but you talk about stifling competition. i mean that's been -- >> amazon, that's their game. >> -- for a long, long time and it is one of the lead lines i'm reading in the doj headline. >> plus there's the political, bezos. >> no question. >> you can't think of this administration who went after at&t time warner when it was a loser there's another element here. >> yes >>> coming up, chipotle, snap, visa all on the move in after hours. their conference calls getting started. we will break down the headlines straight ahead texas instrument, the stock hitting a new high after hitting a blowout quarter. back now with two more parts of the market that are ready for take breakout. we're live from times square in new york city, much more "fast money" right after this. xfi

that is going to be profitable if amazon rises by 4%. the interesting thing here is taking advantage of the somewhat lower than average options premiums and using a spread to do it. they're able to get quite a lot of leverage on a relatively small move for amazon of 4% to the upside payout of about four to one. >> you probably saw this action, pete >> yes. >> how are you positioned? >> i love that kind of thing i'm not in amazon but i love that spread because it is a great risk/reward as mike was pointing out you are investing a dollar which you could lose the entire thing or if you hit a nice number and go up to push it higher, it could be suddenly $5. >> great leverage. >> great leverage. >> or more leverage as it is known here. >> on this side of the pond. >> please, sir. >> i'm going to give you one. >> okay. >> no doubt they will report a great quarter. however, is the setup as good as it was a month, month and a half ago when it was $1,800 stock. >> same thing about facebook. >> same thing that happened. facebook bounced against th

deidre. >> melissa, put simply amazon is spending more and earning less but it is amazon so it is a return to old days of growth over profit. one day shipping costing more than the company initially estimated. >> it does create a shock to the system we're working through that now, and we expect we will be working through that for a number of quarters but when the dust settles we will, you know, regain our cost efficiency over time. >> he added that the response to one-day shipping has been positive and volume has picked up also on the positive side, we did see top-line revenue growth pick up to the 20% year over year level some headwinds cloeing growth in cloud computing, facing more competition from microsoft and google remember, key is the race with microsoft for the $10 billion government jedi cloud contract e market expects them to have 9% of the u.s. ad market at the end of the year. on the regular torr regulatory, surprise here. they have a longstanding policy of not commenting on regulatory matters. when pressed during the media call he said that amazon's guidance does not include a

i'm not certain amazon proof is one of them. i'll go to starbucks you're talking about a company with crazy valuations just as goldman initiated with a buy, you had other people downgrade the name as well. you're coming in a lot of these stocks valuations matter one that stands out to me and i worked there a day. >> shake shack. >> valuation through the roof yet their growth is pretty outstanding. so you have to ask yourself does shake shack make sense is it in the area that chipotle was a year or so ago i say yes. >> i guess embedded in this notion this is amazon proof is should these stocks demand a higher valuation at this point should we say fine i'm going to pay up for that because people need their coffee, they're not getting it delivered by amazon >> there was a couple other things underlying as well. the piece was a lengthy piece, maybe that's what took so long, i didn't get through the whole thing. some things they point out we've seen pressure on wages they're saying that's good who are the customers of these limited s

we saw it with facebook recently and we saw it with amazon recently so it is logical to think we night see the same thing happen in apple tomorrow. >> the way gene set up the rest of the year in terms of the quarter, i mean september they raised the guidance as you pointed out as well, december the comps get easier this is almost a glide path to the refresh of the 5g phones next year. >> yes, well, you were talking about that yesterday okay do people give it a pass on an okay quarter if that comes up? because 5g is just around the corner. >> i don't think 5g is anywhere -- >> all right mull presidenti multiple needs to be higher. >> but if you look at what gene said, the point is a lot of analysts have a hold or sell on the stock that have to upgrade it here. of the 48 analysts that cover it, there are 25 holds or sells, the lowest number in about ten years. i think you have to see the upgrades come up here. >> is it faang >> in the extended faang. >> aa. so clearly we had a reshuffling of the faang leadership in the last two weeks if you look at what has gone on with apple and amazon,

will see what happens with apple but it seems to be setting up for the same thing with facebook and amazon. i don't know maybe the market has finally gotten too far ahead of itself so maybe we're in for the 5% pull back tony has been talking about. >> are things different from what we thought powell would say? i mean 25 basis points, ending the balance sheet run-off earlier by two months, and then sort of -- you know what's next. >> we're going to grade the fed president later on in the show that will be a lot of fun. as guy is critical of the president's statements, i am as well i have to say though, i think he's right i think the market was expecting a much more aggressive fed and the market is only going on what the fed had guided them to i think we got to a place where the fed a's pivot for most of 21 is we're no longer in that immediate. three or mowre cuts in 2019 is something firmly on the fed's shoulders. the dow is no longer under control of the fed, and maybe it is not supposed to be once again, but central bank differentials are clearly a catalyst and a driver for dollar and dol

place it is hard to know the world that we live in but look at telk i me but look at tech, look at amazon people say we haven't he seen rotation and the old leaders are not in play, i mean they're in play amazon we have not talked on the show in a long time and in fact it is right there. >> the argument for a cut, the president and a lot of people make is that, yeah, we have strong jobs however no inflation. you heard jay z. just now, inplace is in a inflation is in the wrong place. be careful what you wish for melissa lee. >> did i wish for anything >> just saying in general. >> i know what you're wishing for. >> saying once the genie is out of the bottle, i'm talking about the inflation genie, the party is over. >> that's ridiculous people have been saying that since 2009 and it has not happened. >> just saying. >> there are so many factors in play relative to last cycles where we saw inflation become a problem, look at your point -- >> a lot of technology -- >> -- deflation is at issue. >> look at japan, that's what ear 'fighting. >> gene ie or no genie. >> check out levi. wall street

>> some of the bellwether stocks are big names like amazon or disney and these names can move quite a bit. we don't get into some of the more techie plays but there is a lot of tech baked into what we see in consumer discretionary right now. if we do get choppy markets, these stocks will move >> mary ann, as we're seeing news come out over the weekend with regard to the trade truce, is consumer discretionary perhaps able to withstand some of the potential impacts of tariffs more than other sectors, especially as it looks like things are now progressing forward? >> well, it's really interesting, the market is hitting an all-time high, consumer discretionary is at all-time high, tech is at all-time high. we've been at these trade negotiations for over a year leadership is still strong despite some of the headwinds that the market has had, despite the volatility, despite the bear market that we had in the third quarter of last year i think what people are missing is that earnings growth rate, since we've started this whole trade negotiation, is up 27% consumer discretionary has been a st

the amazons? >> those are the games i don't know that i shifted away from those names, but when you look at the names, fang names. expand it more and look at what microsoft has been doing and look at cisco. they have been performing. part ofs that that when we look at the companies and you look at the growth perspective and the guidance from the various names, by the way, i know when we are talking about the earnings and everybody is concerned about the numbers in the past or whatever, there were names out there that absolutely crushed it. they crush it on their revenues and you are seeing some of it in the semis as well. a lot of these names, there is a lot of different areas right now that you can put your money. financials is the biggest let. everybody knows that it has been that debt stone that when does that finally kick in it still hasn't. >> this is going to be the question for the next many weeks. whether the market is expecting too much from the fed. let's bring in mike at the new york st

amazon is, you know -- that is a consumer play. why look elsewhere i know the valuation is ridiculous, but it has always been ridiculous. this will be the point in time where valuation comes back down to earth >> so bear with me one second because they have names that they have taken off their outperforms list and one of them our meg tirrell has a market flash on. we'll discuss it on the back side >> johnson & johnson stock is plunging on a report that the department of justice has opened a criminal investigation into whether johnson & johnson lied to the public about cancer risks for hitt tal kotahittalcom prods a grand jury is examining documents about what company officials knew of course johnson & johnson is dealing with thousands of lawsuits about whether thetal com powder concerned certain forms of cancer. the stock down almost 5% today, the most since december when a big investigation from reuters came out hit the stock about 10%. looking at these claims that johnson and johnson made going back to the '60s and '70s. and reme

on amazon, nat in atlanta want to know how much higher amazon may be headed. good question on the start of their prime day. >> let's forget about the noise of the next two days whether the prime day disappoints or better than expected this valuation of this company is not based on a valuation metric as the momentum continues, stocks can go higher they have license to spend whatever they want to spend on initiatives. they have done well. you have to give them credit they are one of the smartest operators out there if not the smartest that we have ever seen. >> they invented their own holiday, prime monday. > jim in florida asking about slack. you might be slacking right now. >> i'm never slacking. i own the stock. i bought it the day they came public i'll probably end up adding. i do want to see them report a quarter. get a sense of not only what they have to say but how the street thinks about it in the aftermath. that will probably be -- it's been public for ten days not much to say about it that's where i am with this. >> carol wants to know if gold will con

we'll also see at the end of amazon prime day how strong the consumer is. >> the new cyber monday was yesterday. bryn makes an important point. there are people that are getting pinched by tariffs nobody is saying they're not have you or anybody on the panel heard their family or friends or anybody they have seen in the store say, you know what, m maybele? don't buy that, it's 5% more expensive than it was. >> the euphoria citing for the consumer, if there is euphoria and the consumer has a concern it's not the tariffs as much as it is potentially housing. and the impact of salt and the fact that house prices have reached a level that somewhat unaffordab unaffordable to me the euphoria is present if we saw house prices continuing to move higher and consumers reaching through leverage to pay the higher price we are not seeing that we see the sensitivity in price. i think that's a good thing. >> i'm excited about trade wars vis-a-vis consumers in china the reason the market doesn't correct every time there is more trump rhetoric regarding the trade war is this. the upside for me as a u.

it's got the trucks and everybody uses them from amazon to everybody and i sold it. the reason i sold it is because looking at spot freight prices i sold it a few weeks ago and they continue to come down too much capacity. it's due to a slowing and due to an increase in capacity, which is the worst of all worlds for a company that depends on rates. we saw fedex had some weakness not just from cutting out amazon, because they proactively said we're not doing business with you anymore >> the tnt division isn't doing as well. >> right so you've season weakness. jb hunt is a good one. they're optimistic about the next half because why not be it costs them nothing. so i think that it's an issue. coal we understand coal shipments are way down. utility plants in a big green move to go more toward gas so, look, it's -- so i think you'll see some of the same unless -- it's all about expectations, don't forget if unp said we're going to do this and they beat it but it's not a great growth story, the stock will do fine everybody will come out and say -- >> you have to also watc

it's been bleeding off basically ever since 31 now amazon's competing against them aggressively and i got to believes they could be a disappointment, mel, and maybe 22 again not overnight but not too far. >> one viewer in california asks palo alto networks or fortnet or wait to enter? >> that takes us back to our days on fast money we used to talk about that all the time >> cyber was in. >> to your point, these are such volatile names, both of them it's like a roller coaster right now momentum is in cyberarc you don't seem to have the volatility you have in the other two names. that would be the one name i'd look up at a small position. >>> proctor & gamble dave in michigan asks if it's a longtime hold for an i.r.a you hold it? >> after years of organizational changes, the company has seen great organic growth more recently and that's fully reflected in the stock price which the stock has done well. if you're looking over the next five years and you want something that's going to be defensive, i would say this is probably still a good bet. so, yes, if you have a five-year time horizon

almost 150 companies in the s&p 500 report this week including three of the fangs, facebook, amazon and alphabet. >>> disney's double delight. "lion king" roars and avengers end game now the biggest grossing movie of all time will disney continue to cast its spell. >> call of the day goldman getting bullish on the chip names >>> the investment committee is ready to go. the "halftime report" starts right now. >>> it is great to be with you on this monday our investment committee today is here. we start off with what will be a big week for the fang stocks josh brown, what are you expecting here let's start off with facebook? >> i don't think facebook and netflix have anything common if you're long facebook don't look what went on with netflix facebook is a singular story the stock is telegraphing everything you need to know about how strong the quarter will be. the main concern that hang over this stock have nothing to do with fundamentals or ad rates or user rates i really think it's about how bad do we think the next round of fines and/or regulations will be i would point out, though, h

alphabet has been asleep for the last multiple quarters maybe amazon gives you what amazon always does but i think it's incorrect to make the assertion that how the faang names go will define the overall tech results >> if the faang names lay a big fat egg, it will be hard to overcome that. >> expectations are very low did you see what asml did last week 7% on the report i know that expectations are low. >> the macro question here, wasn't this supposed to be the negative quarter or the low single digits >> don't ask me that, i haven't been saying that >> i'm asking you because where are we at now and where are we going? i don't want to put words in your mouth that you didn't say before i could swear you sat in that exact same seat, directly across from me, in another dimension, i guess it was, and you said -- i'm watching "stranger things," sorry about that -- and you said we were going to have a negative quarter. am i wrong about that? >> shall we talk about some facts? >> did you say it was going to be negative? >> do you want some facts? >> it's a simple question. >> do you want som

they didn't care about amazon. when they weren't making money but this is one that is making money which is why they don't care in other words, can they go out there and can bad stuff come out about how lax they were as far as security and how people like cambridge analytica and so forth got in there yes, you can shoot all kinds of arrows at them but when you see a company that's going from, you know, $4 a quarter in earnings to like $7 and almost $8 a quarter, come on when you have this many shares and you're talking about the numbers we're talking about here, that's why they don't care they will care about those others when they're not making money because then all of a sudden, you can turn on a dime but you can't just run away from this one because they are printing money as if they are the government itself. >> so snap, we mentioned reca ed earlier, had good earnings on its own. pete, you had unusual activity on this back in the middle of june and the stock is up big since then how much of today is about snap's

in terms of amazon, regardless of what happens this quarter it's not the end of the amazon story. in terms of azure, look, it was the slowest growth they have had in the cloud in the last three years i believe, but that's a -- that's because of the size of the base has gotten big, so i still think they can be there and still perform. i don't think the market needs to perform to your point, but i think they will perform. alphabet is the one that i'm worried about because they have had some growth issues even though the growth expectations are very muted, below 20% versus 26% we're used to i shaved a little last week. i own a little amazon. i'd buy more if that got crushed. microsoft is still there, and i bought a little more after the quarter actually i think it's much more predictable earnings stream in microsoft and more analyzable than amazon or the others so i'm happier. >> it was a first-quarter disclosure that have slowdown that really got alphabet, right? >> yeah. >> and that's partly why or a big reason why it's been a lagard compared to its big-cap peers? does the valuatio

>> yes it's 8 billion for 36 billion at amazon which is why amazon going to 37% aws growth isn't that big of a deal it's large numbers microsoft is 17 billion. >> being third in a business -- >> is okay. >> that's one. two i think a lot of the street were thinking more like 6 billion for analyzed cloud revenue and google is on an 8 billion run rate, ahead of expectations 40% growth in quote/unquote other. so 40% of the revenue comes from advertising and cloud and now you have this other unit with some of the bigger bets they have made starting to surprise to the upside. >> you own it you said. >> um-hum. >> i own it too. >> own it. >> do not own it. >> would you add >> everyone owns it. everyone in america owns it, it's one of the biggest holdings most people are in an index or an active fund tracking an index. so i think it's good for the markets overall to have a company like this where expectations were low come along and say we're not going anywhere, we're still google, still alphabet. >> it's a huge name. >> it's 3% of the s&p. >> right. >> would you add it, absolutely. >> why wo

i got into amazon which you and i talked about friday, bought it at 19.29, not looking good today. out of the fangs, i'm okay with it there's other places in technology that you could be in 2019 and that's done well for me so far so when i look at apple, quality company, i'm sure it will do fine but i did what jim advises not to do, i traded it, successfully for the first time in a while >> hedge fund but i have to tell you, ubs did a piece, ubs evidence lab, we make jokes about that but we couldn't >> csi action. >> exactly what i think of sentiment with only 19% bullish on apple, down from 30%. it does feel like that apple is the fang that people aren't into at 16 1/2 times shares i don't like to run up ahead because that puts a lot of pressure on tim cook >> it goes back to positions we saw that in facebook's earnings in terms of the stock reaction afterwards. we call that in alphabet's earnings out of favor, going to earnings bam with a great report and the stock popped and is holding on to gains for the most part >> right the danger has been just as joe has said and josh, when

year on shorelines due to changes in weather conditions, the ocean's chemistry and runoff from the amazon you're up to date. that's the news update >>> sue, thank you >>> let's hit our trader blitz first up, mckes son trading at its highest level in a year. you own it. >> i do. i think the next stop is 278 you have public scrutiny, the rico cases for generic drug makers an opportunity in april when that occurred to get into mckesson this is how it all evolves and develops stay with it >>> tesla reporting record second quarter deliveries that happened tuesday night, the stock is up 4% for the week. josh >> this is going to continue to be a tug of war between the shorts and the bulls it's probably the most buy polar name out there, just in terms of the sheer force of opinion from both sides this week was a win from the people looking at the delivery as proof there's not a demand issue, which is one of the phrases the bears have been using lately how long that goes, what comes next week, who's to say. >> where are you on it a strong feeling. >> strongly no position. i've never been long or s

amazon, home depot, starbucks and nike outperforming and jay jacobs of global x funds are here to tell us what this means for the investors. here we have the top five names in the consumer discretionary group. when they outperform they're $100 billion or more, the whole consumer discretionary group will outperform. amazon is 25% of the sector. >> right if you look at xly then the heavyweights performing well are what you want to have and the smaller names in the s&p 500 if those underperform then something like the invesco rcd is going to lag. you need to understand what's inside of each portfolio. >> equal weight isn't doing it the big guys are moving this "l" brands and best buy did all right. when you deal with market cap weighted indexes they're not the ones that move if you're picking stocks they'll do all right how -- do you buy the index or buy individual names or take the risk >> if you want market weighted or for the representativeness, that's one way if you want to laser in on some of the high growth names you can look at funds like millennials which targets specific companie