deirdre: we'll take it. lauren: better than i thought. deirdre: seven out of ten. lauren: coming up, steve bomber gets a ten for getting excited, really excited, super excited but somehow he just topped himself. wait until you see exactly what he did. and is there anything confusing about halloween? you wear a costume on the last day of october and you go around getting candy. why some folks are saying, yeah, that's too easy and they're looking to change it up. ♪ this is halloween. ♪ everybody make a scene. ♪ trick or treat. ♪ ♪ prince steveballer in not shy about showing his craziness but might have stopped himself. >> now with more on that all right what did he doll now? >> los angeles chippers couple of weeks ago basketball team signed leonard and paul george so they introduced him yesterday at a press conference to thed media. steve ballmer 63 years old was just a tad bit excited check it out. >> come on. come on. come on get up. he makes media stand up, everybody. i like that he demanded standing vaition for his ire palace, i mean, okay he's a little

deirdre: good morning. i'm deirdre bolton, in for maria bartiromo. it is friday, july 5th. your top stories at 7:00 a.m. eastern time. it's jobs day, the estimate, 160,000 jobs. the unemployment rate expected to hold steady at 3.6%. our jobs in america special coverage starts at 8:00 a.m. eastern. ahead of that report, take a look at futures indicating a lower open. of course, this is after wednesday's record day on wall street. then you had the dow, s&p 500 and the nasdaq closing at all-time highs. markets of course closed yesterday for the 4th of july. trade in europe, red on the screens as well. ftse, cac, dax, all lower. in a asia overnight, markets slightly higher, except for hong kong. investors waiting for the jobs report in the states. a salute to america, president trump addressing the nation with a patriotic speech honoring the american military. >> we celebrate our history, our people, and the heroes who proudly defend our flag. the brave men and women of the united states military. [ cheering and applause ] deirdre: we'll bring you more highlights from his speec

deirdre, blue apron's stock is up 38%? deirdre: 38%. just keep in mind, this company really has been limping along. it had to avoid being de-listed in the new york stock exchange. the price is low so it's easier to have the big percentage gain. it's up better than 38%, worth pointing out. they will be offering this beyond meat product in its meal kits as early as the end of the summer. that's really what the stock surge is about, that more and more people want to eat meatless. in fact, some analysts say this will be a $100 billion business in the u.s. because some people are worried about the environment, some people want to go meatless because of their own health. but there's a lot of consultants out there betting on alternatives. stuart: to me, i wouldn't go to a restaurant specifically to order a meatless burger. but i wouldn't mind going to the supermarket and buying some meatless meat i can prepare. deirdre: this is in a meal kit, maybe you notice it's meatless, maybe you don't. you're okay with it. stuart: if the day ever comes th

deirdre: this is pretty big. stuart: that's unrest. deirdre: yeah. there are many people, as you can see, out in the streets protesting the governor to step down and royal caribbean, this is the second ship the company has canceled because of the protests and the company put out a statement saying we have concern for the safety and wellbeing of our guests as well as our staff. basically, they just don't want to dock there. the ship is going to go to st. martin instead and then return to miami. stuart: that unrest was in the capital, san juan. that's where the cruise ships get close to it and they take people to the old city. you don't want to go there. deirdre: you don't want the liability. stuart: all right. we have this story for you. more "varney" after this. ♪ my experience with usaa has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have c

deirdre: it certainly does. i think it also gives a nod to the fact that the technology's changed so quickly that being current is actually a greater challenge now than maybe it was a generation ago and that's part of what amazon is working on. they are going to be spending about $7,000 a head. what i find interesting about amazon's program as well is that some of the jobs they are allowing people to train for may not actually end up staying at amazon. that's not even the goal of the program. they are just trying to help people be current. now, i'm assuming -- connell: yeah. deirdre: they are hoping but for example, nursing, you can train to be a nurse if you work at amazon, for the moment. amazon, even though we heard jeff bezos, jamie dimon and warren buffett talk about a potential health care collaboration, we haven't heard too much since that initial announce president, who knows, maybe there are blueprints. connell: i wonder what your view, do you think we can quote unquote, retrain our way out of this issu

deirdre says about the ftc fine. it was informed in july the department of justice will begin an antitrust review of quote, market leading online platforms, something we talked about on this show yesterday. it seems john, the story here, when you put all of it together is that facebook continues to do what it does despite all these headwinds. can that continue? >> correct. that is the biggest question. it will come down to two possible forces that i believe could be factors that could put a stop theoretically to facebook's continued growth. the first if finally we might hit a wave we haven't hit yet of consumers beginning to realize just how much facebook truly has disregarded their privacy, which could theoretically happen. today i believe the documentary, the great hack is released on netflix, which covers this and cambridge analytica controversy. the second possible factor if some other company comes in, unexpectedly to just upend the actual ad business. because again that's where all of this growth is coming from

deirdre's got the list. deirdre: yes, i do. kylie jenner who is 21 years old, is at the top of this 2019 instagram rich list per post. she makes upward of $1.2 million. so hopper hq, a data firm in the uk, put together this kind of social media influencer list. they are the ones who do the calculation, they use data, public info, number of followers, demographic of audience, level of engagement, and then just outright asking the person's agent how much does he or she make. there's the list. we can see there. you have a lot of singers, entertainers, then you do have christiano ronaldo, i know you follow soccer closely. naymar is in the top ten. we didn't put him on there. stuart: it says per sponsored post so for each sponsored post, they make that kind of money? deirdre: they certainly do. stuart: do they put a commercial on there? deirdre: for example, kylie has something like 141 million followers and the people who follow her, if she says i'm wearing this lip gloss, as she does for her own line, the level of engagement from

deirdre: it is awful. david: meanwhile, southwest airlines says it's expected to remove the grounded boeing 737 max jets from its flying schedule beyond october 1. ashley: yeah. this was after boeing said during simulator sessions, regulators found another glitch with the software on the 737 which means further delay. now, southwest has been trying to, it has the largest fleet of 737 maxes, trying to use spare aircraft to make up some of these routes. hasn't worked. they are averaging about 115 daily flights are being canceled because of the impact of this grounding of the plane. american and united also have been in the same boat. how this is impacting the airlines, i want to be really clear once we get into the second quarter earnings season which is just around the corner, by the way, but this is a plane that seems to be just nagged with problems from day one. david: it's going to be tough. tough to turn it around. >>> big campaign money is flowing around. we told you yesterday that pete buttigieg raise

deirdre: exactly. you have a name attached to an account attached to a transaction, different than bitcoin. stuart: i call that a plus. thank you. say it ain't so. according to new data, sales of minivans falling. suburbanittes maybe trying to shake the soccer mom image, buying suvs instead. coming up, the ceo of auto nation. i want to know, does she have a lot of minivans sitting on her lots? >>> check this out. he plans to build a hotel suspended off the side of a cliff 2,000 feet above a fjord in norway. we will tell you all about it after this. ♪ my insurance rates are probably gonna double. but dad, you've got allstate. with accident forgiveness they guarantee your rates won't go up just because of an accident. smart kid. indeed. are you in good hands? we're on the move. hey rick, all good? oh yeah, we're good. we're good. terminix. defenders of home. stuart: not keen on heights? avert your eyes, please. we have a new rendering of a cliffside hotel in southern norway. it sits 2,000 feet above a

i'm morgan brennan with deirdre bosa and david faber live from post nine on the floor of the new york stock exchange. carl and jon are off deirdre, welcome back to the east coast >> thanks for having me. >> the s&p opening at an all-day intraday high. the dow up triple digits again this morning although off the highs of the morning. nasdaq looking for four in a row in terms of gains. can tech keep up its recent hot streak >> joining us now to discuss is jeffries senior analyst brent thil and tom forte gentlemen, good morning to you both tom, i'll start with you the fact that we're seeing names like apple, the semis rally on this u.s./china trade truce over the weekend and what it means for some of these companies to be selling into china, how should investors be thinking about that >> sure, i would say the truce is nice, but we would like to see is an actual resolution. so one point in time, resolution looked like china agreeing to buy billions of dollars of agricultural products from the u.s. so, again, the truce is nice, but we would like to see an actual outcome, and something we'r

deirdre, you have the details? deirdre: yes. the department of justice announced that it and five states attorneys general have just reached a settlement between t-mobile and sprint. the settlement does require, this is not a huge surprise, a huge divestiture package in order to basically make it. we see this all the time, in m & a. this time is no different. we are going to get more details on that as we go. essentially, the idea here is that it is going to make 5g easier for more american citizens and businesses to have. in the meantime, they have to shed some property. charles: stocks are up on the news right now. want to speak real estate and bring in samantha dibianchi down in florida. sam, well, you have actually got a bone to pick with realogy. we just spoke with their ceo. >> i mean, look, let's just talk about amazon as a whole. i go on amazon, i shop for laundry detergent, toilet paper and now i'm also going to shop for a house after i do that? i don't really think so. i think this is a win for amazon because they are

deirdre: the bull market. charles: the bull market, the economic cycle, these are late stage developments. and i think a lot of it also has to do with the way the fed interacted with the great recession. a lot of things have been thrown off. but every single time we think we're about to fall off the cliff, this is like the third time in the last maybe six or seven months, and we are bracing for that really ugly jobs report, we get something like this. it's been absolutely remarkable. i love the fact that 335,000 people came back to the labor force. it's terrific. david: puts downward pressure on inflation as well. everyone is worried about inflation. that's what bothers the president about the federal reserve. he thinks they are too focused on inflation. if you have 338,000 more people in the work force, that brings down inflation. charles: if you listen to powell in the last fomc meeting, you know, after that, he said something interesting about the lack of inflation. he did argue, he did say hey, it becomes

deirdre: you see it there. essentially, vacancy, delinquency, negative equity, meaning the value of the home is worth less than the mortgage. all of these have rates at least three times the national average. stuart: all of those cities are in deep trouble. deirdre: yeah, they are. stuart: baltimore was on the list. by the way, fox news, laurence jones went to baltimore to find out what residents are really saying about the city during this feud between the president and congressman elijah cummings. watch this. >> when you look at baltimore and everything that's happening, would it be safe to say that baltimore is in a crisis? >> yes, i would honestly say yes. you know, from the drug selling to the killings, you know, the poverty, you know, it's just crazy. >> what do you see when you see baltimore? poverty, crime, what do you see? >> i see poverty, crime, i see -- i see crime as a way of life. >> i personally don't even want to live in baltimore anymore and i'm afraid to actually raise a family here, and this

deirdre? >> just to that point as well, does wework need to do an ipo or raise money? i think so at the end of last year, beginning of this year, they were supposed to raise billions of dollars more from softbank. there was reportedly pushback from some of those vision fund investors. so clearly, you know, wework is spending enormous amounts of money, they need more capital. perhaps a debt offering is, to their way of thinking, better than an ipo than all the hoopla we're seeing for uber and lyft >> for better or worse, sometimes. thank you, dan, deirdre, thank you very much. >>> coming up, apple getting dinged today, a rare downgrade to sell on the tech giant. shares are off more than 2%. how much should investors start to worry >>> former baseball league commissioner bud selig will join me on set. t home run derby of topics to hihim with "the exchange" will be right back ♪♪ ♪♪ ♪♪ [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

deirdre bosa laid it out for us. is amazon key to maintaining that tech/com services leadership in the second half of the year >> good morning. thanks for having me on. yeah i think 100% amazon is hands-down one of the most crowded longs within the hedge fund community every institutional manager is a big holder as well the thing with amazon, it's always in its own little world as well. i think deirdre touched on it, we are approaching a big spending cycle for amazon. my thinking is the higher margin cloud and increasing push towards ads will offset some of the spending concerns. i think jeff bezos is arguably one of the best puppet masters of our era any time we have kind of approached or headed into one of these big spending cycles, which he's well telegraphed, it will pay off in the long-term from a profit point of view as he has been ahead of the curve as far as innovation and then translating that in the profit force the company. >> we've seen now results from a lot to of these large cap tech and com services co

. >> i'm deirdre in for lauren simonetti. >> great to have you here deirdre. monday moving on this monday we have green arrows across the board pickup continues with dow up by 66 and s&p up by eight and quarter and the nasdaq up by 30 and a quarter. >> taking a look at the bond market with tenure treasury yield you can see 2.04%, of course, a lot of that a lot of traders focused on had head meeting july 30th and 31st. absolutely. also, of course, we've got this british tanker that has been ceasedded near iran by iran, we're wapping oil and again, it is up. 5*6, 79 a gain right now of a dollar 16. >> and overnight in asia, take a look you'll see nikkei shanghai hang seng and all lower across the board. finally over to europe taking a look at markets there as you can see green arrows across the board. >> and to our top story there will be no shortage of economic data this week so we're going get a fresh look at the state of the housing market that's tomorrow existings home sales for june followed by new home sales on wednesday. deirdre orders for june come out o

our own deirdre bolton is here with more on that. lance ulanoff as well. deirdre, a big move from amazon. >> it is a huge move, but in some respects, connell, there is a lot of people including many consulting firms this is actually the smart way to go. every time these corporations lose key employees they pay anywhere between 150 to 215% of that person's total package to go out and rehire somebody to fill that person's shoes, wait until that person is up to speed, even if the person is a genius, right, there is corporate culture. there is getting along with colleagues. this is costly as far as timing goes, as far as effort. just downright dollars. technology is changing so fast, even if you're amazing coder in python, a lot of fintech companies use that language, in six to eight months there is already tweaks. connell: right. >> a lot of companies, honestly it is cheaper if we invest in the employees we already have. connell: that part makes sense, lance, that part used to be, not used to be, recently as last week, people learn to code. that will be the a

deirdre: it certainly does. as we know, the expectations have been so low for this quarter so so far, 20% have reported. 17% or rather, sorry, 77% have exceeded earnings expectations. 63% have exceeded sales expectations. so tracking much better than thought. i still want to know, though, net-net, we're probably still down about half a percent in earnings year on year but that's much better. stuart: at the moment, we are up 8%. deirdre: exactly. exactly. stuart: still pretty strong. deirdre: but we are only a quarter of the way there. stuart: true. but so far, so good. deirdre: very good. stuart: okay. i'll go with that. we are going to take a look at some marijuana stocks. why? because the senate banking committee is meeting as we speak. their meeting is all about allowing banks to do business with legal marijuana companies. they can't do business with them at the moment. there's no legislation on the table but this whole thing could potentially make the legal pot business, bust it right out into the open and e

web services issue as deirdre mentioned. alphabet, blowout figure, parent company of google, won't tomorrow, we don't think so, up by 8%. lauren: breaking news. the house is right now voting on a debt limit and spending caps package. hillary vaughn is on capitol hill for the very latest. what the is early read, hillary? reporter: voting is underway for a few minutes. they're deliberating or voting on white house budget deal that would raise spending caps or suspend the debt ceiling for the next two years. the president earlier today, trying to rally the house gop behind this bill, telling them today, quote, i'm totally with you, not everyone in the republican party is convinced that they want to vote in favor of this trillion dollar deal. they're also not convinced that is the best they can negotiate. house minority leader kevin mccarthy admitting earlier today that this deal has its flaws. >> i need half the conference to support this. look our conference our fundamental principle to make sure we have a fiscal house in orde

deirdre: that's why the company is worth a trillion dollars. charles: the market moved during my hour. the c.p. effect came back. liz claman, i know you like that. it always moves even more recently in your hour. can't wait to see what you got going. liz: we'll see if liz claman can come through for you. thank you. as we head into the final hour, i know charles noticed this, we are starting to see some sellers sniffing around. that's putting records in jeopardy, not by too much, but perhaps more importantly, we've got twin gulf crises gaining strength at this hour. number one, tropical storm barry bearing down on the gulf of mexico, now forcing major oil and gas platforms to evacuate very quickly. this as more iranian agitation in the persian gulf could spell volatility for oil markets. we've got up to

deirdre. >> taking a look at netflix. 60 cents a share. that's a clear beat what analysts were expecting at 60 cents a share. if you look at revenue, want to be kind with netflix, say exactly in line. if you want to be critical, a slight miss. wall street looking for 4.93 billion. 4.92what netflix posted. to put it in context, a gain of 26% comparing this quarter to this time last year. looking at earnings again, to keep it in context that represents a bit of a drop from this quarter last time. we'll watch for more details. , how will netflix respond to more and more competitors. franchise titles it purchased. licenses it lost. "friends," is comes to mind and "the office" is another. i will look at subscriber counts. it beat on earnings. ever so slight miss on revenue, as we see it sending the stock down. melissa: we want to tell our audience. revenue guidance, third quarter revenue 5.25 billion. earnings per share for the forecast for the third quarter, $1.04. that is the numbers, third quarter, 1.04. 5.25 billion. connell: market reactio

deirdre: that looks cool. stuart: busch beer, part of anheuser-busch, of course, has launched a pop-up bar in the middle of a u.s. national forest. they're doling out free beer. what's the catch? deirdre: the catch you actually have to find the pop-up shop. so on july 16th you're going to begin to get clues. it's a huge scavenger hunt, basically, and the prize is you can win a lifetime supply of beer. and on july 19th, that's your cutoff date. you have from the 16th-19th to participate, but from a marketing standpoint, this is all about the company wanting to project itself as the beer of the great outdoors. stuart: wait, does anybody who finds this beer -- deirdre: from what i understand, if you find it, you get the lifetime supply -- ashley: is it the first person? deirdre: from what i understand, if you find it, you get it. stuart: and it doesn't matter how many people find it? deirdre: it doesn't have a limit. other prizes will be awarded to visitors, so i guess if you're a little behind -- ashley: i'd sen

i'm carl quintanilla with deirdre bosa i'm jon fortt. got to start with tech today and a rally in some of the big earnings names nasdaq coming off its best day in a couple of weeks, with the tech sector on pace for a record close. you've got names like facebook, amazon, alphabet and twitter all set to report this week and snap after the bell tonight where is the value in tech, as we work through this busiest week of earnings season? janice henderson's denny fish is with us today. denny, welcome good to see you. >> thank you for having me appreciate it. >> we've got about a hundred s&p names on the tape so far for the quarter and in tech, at least, if you strip out netflix, what has there been to complain about, really? >> there really hasn't so far. you know, the numbers, particularly if you're focused on companies with long duration competitive advantage and you would highlight over the last couple of weeks, we've seen microsoft, for example, put up exceptional numbers, as the cloud transition continues and azure continues to ramp and y

i'm carl quintanilla with jon fortt and deirdre bosa here at post nine of the new york stock exchange morgan brennan has the morning off. we're going to start with this rally in tech stocks ahead of some big earnings later on in the week obviously, we'll get facebook, alphabet, amazon, intel, and twitter all before friday afternoon. bob pisani and mike santoli here at post nine on what to look for and which print do you think we have the most confidence in going in that was a question for cramer today. >> which print we're going to hear from this week? >> he thought maybe google had more liability >> well, google's in the penalty box of those four, so i think probably does have the most to have prove also, perceived to be the company that cares about making the number least i don't know if that works for them or against them in terms of setting expectations but this time i think what's going to be most interesting is how the stocks react and what was already built in or was this just kind of a big trade into big cap growth and we're not really talking about the quarterly results. it's

i don't know, deirdre, if, is she there? >> listening. liz: i was talking to a doctor who said if the president pushes to lower prices that will hurt innovation. that is the complaint but i'm not so sure anymore. >> their biggest argument their first pill cost them a billion dollars to make. generics come in after. but as a country we spent something like 17% of our gdp on health care with very poor results compared to our industrialized peers if you like, liz. liz: we need fairness. how about that? thanks, deirdre. >> thanks. liz: before the break we showed you video of running with the bulls. check this with the man in the green shirt. did you see that, whoa. he falls down just in time to avoid getting gored. others are not so lucky, including three people that had, i guess as part of them two americans were hospitalized for gore injuries. what do you people expect? okay. here in the u.s., the markets are in the midst of the longest expansion in history, you know that already. we also want to know how long the market players believe it

dig through them and get back to you guys. >> all right deirdre, thank you very much mike, 20% revenue growth, a miss, though, on the bottom line, has shares down a little bit after hours. >> pretty modest move at this point i think you'd have to say, up like 4% this month, the stock is so doesn't change the overall picture without looking too far below the surface. 20% is better top line growth and i think that's going to be the anchor number here the earnings, we always talk about, it's almost a residual for amazon it's not like they target, you know, making the number, but here we are a little short. >> yeah, i mean, amazon results always vary from estimates they've missed revenues three of the last four quarters this is their first earnings miss in seven quarters, but they're not playing, as mike said, to the quarterly analyst consensus. >> all about margins, right? margins are a really big part of this story how much are they investing? how much are they spending on one-day delivery kinds of things and all of the other initiatives that they have so, i think that's probably the big

deirdre bolton is in our fox business newsroom. you know, we are talking about other companies and what they are doing. you think they will follow suit and begin investing in their own actual human workers? deirdre: at & t and jpmorgan chase both have mini versions, we have be talking about with amazon. it would certainly save them money, at least that's the argument. it has to be part of the big motivation for the heads of those companies, including jeff bezos at amazon, to be doing this, because the center for american progress who put out a study done over 15 years' time and it found that employee turnaround can cost an organization anywhere from 16% to 213% of the lost employee's salary. another study found that companies typically spend about six to nine months of an employee's salary to hire, then train their replacement. obviously the higher up the skill level of the employee, the more costly it is for the company. now, in the past, you used to cover this as well with tech, tech companies used to do acqui hires, short for ac

hey deirdre. on this very p bomb line exceeding wall street expectations if you look at the earnings alone company posting dollar 46 per share and then that's better than what was expected a the a dollar 0 a share. i would do want to point out that revenue was in ever so slight myth so analysts we're looking for revenue of 1.4. 4 billion harley-davidson posting 1.43 billion so some might say that's splitting hairs but world wide sales were down around 8 .8%. the company has been pretty vehicle physical in saying that it has been hurt by tariffs actually from the european side also from china. and during the fourth quarter company also did have some product recall so right now as we can see the stock is moving highs per. presumably trade reverse focused on that earnings beat but just to let you know the large per sales picture for that fourth quarter not best that harley-davidson has seen and monitor that and o.c. looking for three other dow components that are reporting as you highlighted before t

the point deirdre made about their investment and comps going down. actually, the company that i would be buying right now, i love both of them, company i would be buying right now is amazon. here's the reason why. as jonathan pointed out, google stays ahead, one, by their sheer size, how much they have, but they have to keep doing smart things. you can live without google. you can use another e-mail, you can use another map service, you can do all that. amazon, though, what they are investing in is a moat and that moat is their distribution centers. you cannot replicate getting one day delivery. walmart has tried over the years. people are now addicted to it. amazon is going into old retail malls, they already have the dcs on the oufdz cititside of citie. they cannot be stopped. david: they didn't show a profit for many years. they came booming ahead in the end. meanwhile, americans are more confident about the economy than they have been in almost 20 years. guess who's getting the credit? how this could play out in the elections in 2020. that's next

deirdre? deirdre: certainly. anywhere per year range goes to $7.5 million per year all the way up to $36 million per year. we will show you some of the players who have gotten some of the more lucrative contracts and what we are calling a free agent feeding frenzy. rodney hood was at the low end going to the trailblazers for $7.5 million per year, two-year contract. all the way up to tobias harris, philadelphia 76ers, he's going there, $180 million for five years. that breaks out to $36 million a year. i mean, you could say okay, why don't ceos get criticized. the argument i might make is that these guys in theory have a much smaller scope to make their money and i feel like the definition of capitalism is whatever the market will pay for a price of goods and services. apparently people enjoy watching these athletes play. there you go. they bring value to the franchise. ashley: nothing wrong with that. they bring in the crowds and further the franchise. there's nothing wrong with that. people going on about disne

let's go to deirdre bolton. she has the numbers. >> jackie, as far as earnings go very much a disappointment. wall street was looking for a loss at eight cents a share. i'm looking at calculations on profits. the loss is 24-cent a share. apples to apples would be a huge loss. what the stock is moving on right now, post-market, this is a blowout quarter, no other way saying. wall street was looking for 52.17 in sales. the company posting 67.3 million. that is 200% increment, compare the same quarter with same quarter last year. knocking the cover off the ball. the company raising outlook for the rest of this year. we've been talking a lot about sales of this product. more and more people seem to be buying the products in the supermarket. as we know, they have arrangements with two key chain retailers, dunkin' brands. canada's tim horton brands. both those two chains selling breakfast sandwiches with variations of beyond meat products. sales coming in super strong. the market is loving that. reminding of the conte

thank you, deirdre. >>> nine minutes before the closing bell rings. is it time to invest ahead of what is expected to be the rate cut announced on wednesday? well, in a surprising move, our "countdown" closer is piling his money into a sector that typically doesn't do well in an easing rate environment. wait until you hear why, next. it's the one, the only, sarge the trader. . . ♪ liz: closing bell now five minutes away. we're looking at the market mixed in a moment. the dow transports are moving higher. dow better by 43. transports up 2. nasdaq down 35, russell 10. most indexes are off their highs, off their lows, if that makes sense. >>> tesla shares moving higher in the first day of trading since its creator, ceo announced the ability to stream youtube and netflix when car is stopped is coming to your tesla soon. he tweeted it has been amazing emersive cinematic feel due to the comfy seats and surround sound audio. this looks problematic to me. but he says you won't be able to do it, as he said, when, right? when the car is moving. except autopil

deirdre, david, keith, thank you all very much. coming up i go in depth as earnings season, as great companies bounce back after disaster. making investors a whole lot of money. stocks under pressure here at home after the european central bank strongly hints it is prepared to cut interest rates now. initially the market popped on that news. the question how will this impact our federal reserve decision next week? we're all over it next. ♪ is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪ today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a fr

wait a minute, deirdre bolton. they are working on a robot in your home? deirdre: they sure are. you know the echo device very well and of course, it had scandals maybe listening to people while it shouldn't. the idea is put an echo device on wheels, call it a vesta and it follows you around your home, for example, for all the places, i know you don't have one, where people don't have an echo, say you are listening to music or a podcast, you want this thing to follow you around. they say they will improve the quality of the speakers. i want to point out, this echo device has more than 60% share in the u.s. they really have this huge footprint. sonos 1 has great sound so music lovers tend to buy that. apple home pod, not so successful. google has home max. bottom line, it can follow you if you want. stuart: know what i think? i think these home devices will be in everybody's home, we've all got to get used to it. that really is the future. deirdre: it is the future. but i'm with you on a -- stuart: i don't like it. got to accept it. thank you very much. >>> now, sports fans, atten

>> reporter: that's right, deirdre. the new season of apex legends launches today, ea's free to play game. after its surprise debut in february, it quickly attracted 50 million fans. the new season includes a new character, new weapon, and new skins, in other words new gear and looks for the characters ea executives say it's the fastest growing game the company has ever had and bookings could be as much as $400 million in fiscal 2020. piper's mike olson tells me the initial fervor has in part subsided in part because the game wasn't updated as frequently as fortnite, a giant in the space it's racked up 250 million players and nearly $4 billion in estimated revenue according to super data research. question for investors, can this new season of apex legend spur renewed interest in this game and give ea a lift more broadly, olson believes the free to pay style is here to say, he thinks empa is well-positioned to capitalize on the trend. others are too, activision could make a strong move in this market, perhaps offering s

deirdre bolton is live in the newsroom with the details which is where the devil always is, deirdre. >> as always, melissa. a federal judge ruled that the trump administration overstepped its authority. this is where the courts were coming from, in this case, in trying to get drug companies to feature prices. more than likely it is not going to end here. the government will continue to fight this issue with the department of justice. trump advisor kellyanne conway said the president is not a quitter. he is very fond of the rule that would koppel drug manufacturers to list their prices on tv. again what are they hiding? we want transparency. a lily spokesperson says the company is happy with the judge's ruling, not a huge surprise there. pharmaceutical companies spend big ad dollars to increase chances of potential patients asking their doctors for brand name drugs. the trump administration had proposed a rule that would have mandated these drugmakers feature their prices when they run their tv ads. now 88% of voters say they favor a government initiative mandating that an surers, hos

in "rapid fire" here to break down the hdlines are deirdre bosa, contessa brewer. >> how much longer do we get you? >> another week. >> squeeze it all in first topic is china opening a new stock exchange called star market it went totally gang busters the 25 stocks listed gained 140 % on average by the end of the first day. it has lighter listing requirements it's likened to our nasdaq i mean, this also by the way i should mention a new report shows that china now has the most listed companies on the fortune global 500, 129 if you include ten from taiwan. that surpasses the u.s. for the first time since the last began almost 30 years ago. >> this is fascinating one company is a chip maker angi up 520%. >> on the star market. >> crazy. >> this is obviously i think an exchange we need to watch and learn a little bit if i were an investor i'd be very cautious about getting in i want to understand what's going on there >> you're not investing in these markets then. >> you can't >> no. >> and that's the whole point of it you can't, and the chinese stock markets work a lot differently the

deirdre bolton is standing by in the newsroom. deirdre: exactly right. that's why we're seeing this stock drop like a stone in the post-market session. you highlighted the key metric that investors are focused on right now, because as we know, netflix is pretty saturated, more or less in the u.s. its growth has to come from overseas. there were high expectations, that i would add even the company guided to, which as you rightly pointed out, were a big disappointment. now, the flipside is if you're an investor, it depends on how much of a believer you are in netflix's future. the company is saying that its third quarter, the one we are currently in, is going to be amazing, so they have stranger things, of course, coming out. there are lots of people who are watching that now. those figures will be showing up in this quarter's numbers. then the crown at season three will be launched. there's a lot of reasons why netflix is saying if you're an investor you might want to hold the stock, i'm paraphrasing heavily there. they say they will be adding seven milli

. >> hey, bob, it's deirdre i know you said the tariff threats actually helped sales this quarter but i wonder about the longer term do chinese companies like huawei ultimately become less dependent on u.s. chipmakers and not only that but do you believe they can create chips that could eventually eat away at your business >> well, first i would say we're somewhat encouraged that the two sides are going to sit down again next week as we understand, see how they can talk through how to get more normal global trade relations back so that's what we've been pushing for. we think that's important for industry overall it's very important for the semiconductor industry in particular which is a big net exporter to china and it's really important for our business because china has been a very -- a big market for us for a long period of time. the challenge for us as we continue to grow is to generate the profits till we can reinvest in r&d and as we continue to reinvest in r&d we're confident even though global players get stronger that we will have the r&d, the products, the portfolio of solut

and deirdre. >>> facebook on the hill, again. this time it's david marcus, the head of calibra, answering questions from the senate bank keg. tomorrow, he'll appear before a house panel. meanwhile, listen to what treasury secretary steven mnuchin had to say yesterday about libra. >> i didn't say i was comfortable with them launching a currency >> if they launched it in an appropriate and a safe way -- >> yeah, but i'm not comfortable today. so let me just be careful. as i said, they and others have a lot of work to do before they get us comfortable >> joining us now here at post nine is mow zell thompson, a former adviser to facebook and kristin smith, director of the block chain association. good morning to you both mozel, i'll start with you we've talked to you quite a bit about regulatory risks for facebook and everything they've been dealing with and they're facing we haven't talked to you about libra yet. what do you think of this proposed digital claim >> i think it's really an interesting opportunity. and i hope that what

deirdre bolton at the new york stock exchange with more on that. deirdre: hey, neil. this is merger monday in pharma. analysts are saying more is to come in this sector in the next 12 to 18 months. today, pfizer merging its off-patent drug unit with mylan. it will form a new s&p. mylan shareholders get 43%, pfizer shareholders own the rest. this newly combined company will have products such as lipitor, viagra, xanax and analysts say it will help pfizer focus on new medicines, new vaccines. for mylan it will give the company a bigger platform. that stock lost three-fourths of its value since 2015 as a market for generics struggled in north america. the point for this is they are going to be able to sell the off-patent products in developing countries, so china, other parts of asia. that's going to be in theory a big win for both. some people think going meatless is a healthier choice. not sure that has been proven yet. i want to highlight beyond meat. it's going to be reporting after the bell. since its ipo in may, that stock is up 800%. one to watch. back to you. nei

deirdre bosa joins us live from the nasdaq this morning. the headline numbers were there, but what was it that stood out and why are invests reacting negatively to that stock this morning? >> the first profit miss in a long time and isn't it amazing we're sitting here talking about amazon profit? i remember the days when investors didn't care about that i guess amazon decided they were not ready to become the safe solid play just yet. it's back to doing what amazon does best, that's putting that profit back into the company on these big pricey bets. this time that one-day shipping which is costing more than amazon originally estimated. but the cfo telling investors we have been down this road before. first there was the move out of books, then the massive warehouse expansion, two-day shipping, fulfillment by amazon, all of these things were risky investments that ate into profits which has made amazon the powerhouse that it is today. investors do seem willing to wait for that payoff shares down less than 2% in extended trade however there c

deirdre, thank you. let's take a look at the big board if we can we've been stuck in the same range ever since we opened a couple hours ago, the dow up 62 points we did get up above 100 points at one point but a quarter of a percent gain for the dow and that's where we stayed this morning. check the beyond meat stock if we can. we know that it's teaming up with blue apron, the meal kit guys, and we've got an early day that's up 2% today and it's up another $4 at 174.95 and we've got an early beyond meat investor with us now, come in, greg smith founder and ceo of evolution, vc partners. greg, let's talk about just the stock and the revolution that we've seen. it seems to have just exploded overnight. one minute we're talking about this fake meat and now here we have companies that is going up leaps and bounds. i mean has it taken you by surprise? >> i think its taken everybody by surprise that this has become really a cult stock and it continues to surprise everybody that they have the midas touch. many

deirdre bolton with more on some of them. hey, deirdre. reporter: i'm watching three stocks that you mentioned responsible for the dow's decline. you called them at the top of your showing. boeing, caterpillar, unh. boeing is on the headline as you've been talking about with your guests. the idea boeing may have to suspend the 737 max model, maybe indefinitely is the implication there if the planes cannot return as planned during the fourth quarter. boeing, said, well, we're not really sure that pushed that stock down about another half a percentage point. it was already down. it opened lower after that huge earnings miss, no other way to say it. both on top line and bottom line. that is the trading pattern with caterpillar as well. huge miss on earnings. a less huge miss on revenue. but a miss all the same. those stocks weighing heavily on the composite. then unh. if you look at entire sector, all insurers are moving lower. we heard from unh's competitor, anthem health, oddly enough anthem talked about exceeding expectations on the top an

he said it could also lead to big tech actually hoarding their data >> interesting stuff there, deirdre bosa, appreciate it very much >>> let's talk a little bit more about how serious threats are to tech joining me now are tony rahm and doug clinton is managing partner of luke ventures welcome to all of you. tony, i will just start with you. what should we expect next week out of these hearings? mark cuban i think has rightly described a lot of the issues with trying to regulate these companies. so what responses might we see as this gains momentum >> yeah. i think you're likely to see bipartisan frustration from lawmakers next week. there are a few things that unite democrats and republicans here but a concern with big tech is certainly one of them. so with the anti-trust hearing held by lawmakers, they've opened an investigation into apple, amazon, facebook, and google and they will look into whether these companies are using their power that harms rivals and consumers and then libra with facebook we will see a hearings exploring the way the company is rling out its crypto currency.

i'm carl quintanilla with deirdre bosa and jon fortt at post nine of the new york stock exchange morgan brennan has the morning off. dow session low was about 150. we'll start with this rally in tech leading the s&p to record closes yesterday these regulatory headlines out of d.c. not slowing down the momentum out of the valley evaluation partners, early facebook investor, roger mcnamee is with us to talk about facebook's print they can't lose. >> no. >> what would it take to slow these guys down? >> to be clear, i think from an investor point of view, they're delivering exactly what investors want and as long as that goes on, the stock is going to be fine to me, the question is the policy one that all of us as citizens that our government has to ask, which is, should there be some limit on what businesses can do when the actions of that business affect public health, democracy, privacy, and competition. and, you know, we're wrestling with that right now and the government's getting its gears moving, but it goes slowly and until i guess it's going to need to get a lot more momentum behi

deirdre bolton with more. >> this is pretty costly for boeing. really the first sign that those two deadly crashes that happened within five months of one another are going to affect boeing's business over multiple years and billions of dollars. one discount saudi arabian airline, flyadeal, just ordered 50 planes from boeing's main competitor airbus. this deal is worth five 1/2 billion dollars and the saudi company secured this with airbus at the paris airshow. we are waiting of course, boeing is very much waiting for its 737 maxes to be ready to fly. latest i heard from our sources they are hoping to be back in the air by september. meantime this freezing period is allowing airbus to get ahead. i would be remiss if i didn't point out british airways ordered new planes from boeing as well at the paris airshow. boeing not completely out of running, taking some competitive knocks, due to problems with the 737 max. i want to call your attention to apple too because this is a stock that is weighing so heavily on the dow. it is closing lower. looks to

publicly assessed and evaluated before this proceeds >> now we've got mark cuban sitting down with deirdre last night, saying that facebook is out over its skis. >> i'm not a big fan of what they're doing there. i think it's a big mistake not so much because of what will happen here in the united states, but what will happen globally there's going to be some despot in some african country that gets really upset that they can't control their currency anymore, and that's where real problems start to happen i'm not a big fan of what they're doing. i think they're way ahead of their skis on that, but it's only in the talking stage right now, so we'll see what happens >> let's bring in syria sreenivasan joins us to talk about this should they be worried >> i think the facebook folks should be worried. because there's so much buildup of resentment, questions, concerns about this. and because facebook has other issues in the media right now, this is just adding to it and making it more complicated >> what do you think their next move is going to be? >> i think that they have to show that they are

maria: deirdre, thank you. deirdre bolton there. we are spotlighting detroit this morning. democratic presidential candidates are gearing up to take the stage for the second democratic debate in detroit. they're headed to the battleground state of michigan where president trump narrowly won in the 2016 election. 10 candidates will appear each night, tonight and tomorrow night. tonight's group features senators bernie sanders and elizabeth warren, tomorrow night all eyes will be on former vice president joe biden and senators cory booker and kamala harris. the field is big. joining us right now is former dnc chairman, ed rendell. thanks for joining us this morning. >> good morning, maria. maria: what comes out of these debates, do you think, tonight and tomorrow night, where we have this major pushback or debate within the democratic party about the way to govern, whether it's this progressive aoc type, very left, or the more mod hmoderates. >> well, it's interesting. you can question what long-term effect these debates have. the first debate, joe biden and -- i'm a biden su

deirdre? >> tyler, looking forward to it! now, today is a birthday for amazon, turning 25 it was on this day back in 1994 that jeff bezos filed the paperwork to create what was originally called cadabra. now it's a household name, amazon the next quarter century, though, is likely to look a little different today today the uk's competition regulator says it is reviewing amazon's recent investment in deliveroo. we've been talking about that this morning in amazon's case, though, that could complicate its new acquisitive direction that we have seen the company take in recent years "the journal" points out since 2017, guys, amazon has struck more than $20 billion worth of acquisitions and that is more than its deal volume in all of its previous 23-year history that's important, because during the first quarter century, amazon developed its online store logistics, network and cloud computing businesses organically. that is on its own looking at what it wants to disrupt now over the next 25 years, the company has made big outside