we're recovering a little bit, 139 down on the dow. 137. point .5% down on the dow. the nasdaq is tracking as well. we're recovering a bit from a down day on the markets. >>> meanwhile the european union is nearing a decision on facebook privacy cases. lauren, how big can fines be for facebook and other social media companies? lauren: in billions with a "b." compare it to the 5 billion-dollar ftc fine for facebook. that was one instance, one fine. we're learning that the ireland data protection commission is leading the investigation. they have 11 cases against facebook open. we'll see draft decisions by nextmont. this is all coming soon. because there are so many of them we could see these fines be big but individually, probably not as big as the ftc fine and here is why. unlike the ftc, the european watchdogs have the ability to change the behavior of facebook. that would be a severe negative for the company. maybe good for us as users but a negative for the company. and that's why this is so significant. david: given europes propensity for regulation, maybe this i

dow futures after yesterday's swing, we've got green numbers, dow up 77, s&p up 11, nasdaq up 42 and a quarter. now to asia, as the trade war continues between the u.s. and china, a little bit of a recovery on some good china data coming out of their economy. the nikkei, the shanghai, kospi all green. in europe, a lot going on in europe today. do you have green across the board. let's bring in ranko barrett. there's a lot going on. first, let's start with liz trust and her l colleagues in the u.s. trying to make this sell to the trump administration that any type of brexit deal would be good for the u.s., u.k. trade relations. also, you've got the fact that boris johnson is still pushing for what could be a pretty hard exit out of the eu for you. what's the market reaction this morning? >> i think liz's trip to the states is a nice distraction from brexit, basically. will a u.s. and u.k. trade deal be good for both countries? absolutely. look, it isn't ratified yet. the rat phi cas ratification ofl with the u.k. would be many months in the future. what we're looking at for sterling i

now, the biggest losers on the dow, there are 30 stocks in the dow. which ones are the biggest losers? i will show them to you. apple, intel, visa, nike, goldman. huge names, huge losses all across the board. how about the biggest losers on the sap 500. obviously there are 500 stocks in that index? those are the losers. i'm not sure i know what they all do but those are the big losers. how about your nasdaq losers? probably it is going to be the technology companies. yes it is. discovery, kla-tencor, mylan labs, dish network, taking it on the chin big time. let's change the subject. ashley: please. stuart: please. the u.s. travel association says the u.s. will continue to lose foreign travelers through the year 2022 because of the strong dollar, trade tensions and overseas competition. roger dow is with us, u.s. travel association president and ceo. roger, so there are fewer foreigners. i am by the way an american citizen, despite the voice. fewer foreigners coming to america. can we put numbers on this? >> well, yes, stuart, first of all we're thrill

dow futures unchanged, nasdaq futures down 5 points. still ahead, big reads on the economy coming up this morning, retail sales. we'll get them in a few hours. plus, earnings from walmart, is the consumer still strong amid the trade war with china? and it's not even september. we're already into pumpkin spice. you won't believe the next product to jump on that bandwagon. keep it here on "fbn: a.m.." ♪ i want to run but she made me crawl. ♪ oh, the sweetest thing 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) >>> we were on a break! we were on a break. >> i just wish we could be like on a break. [ laughter ] lauren: this contest could give you big bucks but no breaks allowed. one lucky person will be paid $1,000 to binge watch friends. you need to watch 60 episodes, live tweet throughout the entire 25-hour marathon. this comes from front

dow up 325 -- almost 326 points. the ugly august could be coming to a close but could a worse month beyond the horizon customer september on average is the worst performing month, what can investors expect in the next coming week. we go back to the trading floor when the countdown comes back. from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy a new samsung note. click, call or visit a store today. christina: the dow is on the way to raveling more than 300 points but the major average is on pace to close lower than 1.8% for august with the dow and s&p 500 and nasdaq seen double-digit gains this far, how is septembe. the worst performing month that

dow futures up 25, s&p up 3, nasdaq up 11. cheryl: we've seen an evening out for the 10 year treasury. we're up 1 basis point. lauren: oil, big rally yesterday, prices giving back, actually gaining again this morning, up another 19-cents, $56.40 a barrel. let's check gold prices for you this morning. they are trading at $15.12 an ounce. cheryl: china setting the new prime rate, 4.25%, that could be really good for chinese real estate investors, plus another 90 day reprieve for huawei. as you can see, shanghai and hang seng a little bit of pressure. we saw gains there yesterday. lauren: mixed bag in asia, little bit of caution coming from europe, up arrows for the london and paris market. the berlin market is down 9 points. cheryl: the top story this morning, a white house official is denying a report that the trump ad medicine strayings is weigh -- administration is weighing a temporary payroll tax cut to head off a recession. the was washington post is repog the administration has not made up its mind whether to ask congress

losses from that big wednesday 800 points sell off in the dow. the s&p is just 3 points away. the bond market currently in focus as well. the yield of 10 year u.s. treasuries you can about 1.8% 1.52% just about six basis points separating those two. that 210 spread for treasuries yesterday the white house was pushing back against recession rhetoric today it's numerous reports the trump administration is preparing options to help bolster the american economy and help prevent it from falling into a recession including a potential payroll tax cut and possible reversal of some of president trump's tariffs. the former of which the white house is denying in a statement to cnbc as larry kudlow said yesterday, more tax cuts for the american people are certainly on the table but cutting payroll taxes is not something under consideration at this time still the economy is becoming a growing concern for president trump in the 2020 election race. we go to nbc's tracie potts live from washington d.c. how important is this to president trump and his re-election

dow industrials are down 211. you're back to 26,300, in the last three days we lost about, about 800 points. >>> pinterest is up. it beat on sales in the second quarter. very nice gain there. 18% run-up for pinterest. >>> the price of oil, well it has come back up again a bit today. we're back to what, $55 a barrel. that is a gain of a buck 31. i want to bring in jeff flock. he is at the cme in chicago. jeff, if oil was down sharply yesterday because of the threat of tariffs, why is it up today when we are still got the threat of tariffs on the table? >> that's a great question. you know, sometimes after the day trade is over, fundamentals actually do come back into it when it comes to oil. i mean yesterday, stocks, if they sneezed yesterday, yesterday oil was coughing up blood as it gets dark here at the cme. you know, we lost 8% yesterday. that's huge. we gained back almost 4%. we're now 2 1/2% up. phil flynn, our oil guy says very clearly he thinks fundamentals are still strong for oil as we get the lights back

the dow had been down about 280 points and then briefly went sitive, butnded down 90 to 26,287. the nasdaq droed 80 and the s&p 500 was off 19. today's action seemed only fitting onhisild week. [ bell ringing ]. >> a lot of red on the board. >> the dow jones industrial average is down 926 points. >> investors worrying about the u.s./chinarade juarez catting. >> the d jonesndustrial average closes the day down 763 ints. >> wor day of the year for fox. >> a healthy bounceback a day, up about a percent on the s&p. >> there was buying today, back over the 26,000 level and the dow ended 313 points, right near session highs. >> we have regains a little l than half of the losses of yesterday. >> another big sell-off here on >>wall street. hy have things gotten so weird in august? well, two things happened. number one, the federal reserve happened. number two, more tariffs. >> the market pain is a lot less than it was in the first hour or so of trading. >> right now we are only down 212. >> dow jones industrial average closing just fractionally negative. this is the biggest comeback. >>

dow industrials now down about 400 points. we have been in business for five and a half minutes and we are down 406 on the dow jones average. completely erasing -- >> and oil also down. 3.5%. two bucks, back down to $55.14. stuart: $55.14 on oil. ashley: on oil. >> that's a statement growth. growth expectations. i think the confusing thing is people are looking at the interest rate decline and saying that is a forecaster of lower growth and really, other than numbers on china, which came out pretty bad, and germany, there really has been not much change in the united states growth outlook. so it's a little bit perplexing how -- i think we go back to the fact that people are way up on the market this year. dow's up 13% year to date. people are taking some money off the table. stuart: that's understandable. we are showing you uber, left-hand side of the screen, because that is a record low for that stock since it went public. $35.93. any comment, ray? it's not a tech stock. well, it is. >> the difference between uber and lyft, l

the dow we got an inversion earlier this morning the dow came back 100 point. we're down only three points. my point is this, surely if the yield on the two year is a above the 10-year, won't the federal reserve move to lower rates on this two year so we know longer have an inversion? is that what they're going too do? suite see tomorrow. stuart: 10 tomorrow morning powell speaks. you will see what he says. some of it here. connell mcshane in for neil. connell: some of it, as much as we can stand. exactly. welcome everybody to "cavuto: coast to coast". i'm connell mcshane filling in once again for neil. we have warnings there is a slowdown coming. new weakness reported in the manufacturing sector. okay, to stuart's point we had a brief return of the dreaded inverted yield curve. we're told president trump weighing options how to counter any downturn that might be coming. there is talk of apple betting big on big spending talking about from all of you. could bigger a

the dow ended the day dow 22 points, posting one of its greatest point turnarounds of all time what will happen today let's look here is how your money and investments look futures are mildly higher. dow futures up 21 points but this time yesterday futures were basically flat. all of a sudden trading began and things went haywire. bonds have been caught up in the wild swings. as stocks sold off yesterday, bonds got bought in a big way. the yield on the ten-year, 1.6% yesterday. the bond wally triggering the widest yield curve inversion between a three-month and the ten-year treasuries since back to march 2007. the asian markets rose fractionally over night. china up about a percent on the mainland they set the official reference point for the yuan at just over 7 per u.s. dollar. now remember the higher that number goes, 7, 8, 9, that means it is weakening. that is the weakest official level in more than a decade. however stocks are rising here and futures are hanging on because that number was not as weak as some had feared. in the european markets. a lot of green on the screen in asia n

look at dow futures, we're down 370 on dow futures, and the nasdaq is down 143 and a quarter. looks like it's going to be a rough morning for wall street. >> that's sending some investors into bonds. if you look at the 10 year treasury, it's close to a three-year low. cheryl: reports that the iranians have seized another oil tanker continuing to affect oil but surprisingly we're a little lower on the contract this morning. 54, 76, a loss of 90-cents. >> stocks in asia down, hong kong down 3%. the trade tensions between the u.s. and china really having an effect on the region. cheryl: all of that is affecting europe. you've got major red across the board. the london market, the french market are down both more than 2% and germany a gain -- excuse me, a loss, a big loss of almost 2%. >>> investors facing losses at the opening bell. u.s. stock index futures down sharply following the drop in asian markets. increasing trade tensions between the u.s. and china to blame. traders pushing the sell button last week of after president trump announced the u.s. may impose 10% tariffs on a

down 3% on the dow jones. nearly 3% on the s&p 500 more than 3% on the nasdaq it was the worst day for the day since april 2018 it is the fourth largest point drop in history, fall beg low the 200-day moving average the energy and industrial stocks are well into correction territory as are financials. energy industrials two of the sectors that saw the worst day this year. for a bit of perspective, don't forget these numbers compare them to christmas eve. not quite so terrible. the s&p 500 is up more than 20% since christmas eve. the nasdaq down 3% yesterday that's up 25.5% since christmas eve. and the nasdaq really moving very negatively amongst some of those tech stocks with the exposure to the trade war. let's look at commodities. gold saw a pretty strong day, as you might imagine. it's falling slightly back now still well above the 1,500 hovering near six-year highs brent trading lower. 59.26. wti. 55.13. wti almost 30% off the recent high in march of last year to give you a sense of how much an impact the

right now the dow futures indicated up by 227 points this comes after the dow lost more than 620 points on friday we have seen the futures swinging quite a bit this morning. we were down by as much as 300 points in the very early trading on this overnight. then the president made some comments about china it sounded like things were more positive than they did on friday and that's why you have seen the markets move up 230 points nasdaq up by 75 and s&p up by 2. >>> coming up, breaking economic data from the industrial sector. the latest read is first thing when "squawk box" returns. >>> we are just seconds away from the latest data on durable goods. rick santelli is standing by rick, take it away. >>> our july read on durable goods headlines up 2.1 solid. we were looking for a number just north of 1%, 1.1, 1.2 a slight revision from minus -- excuse me from positive 1.9 to 1.8. we minus .1 of 1%. now x transportation, big ding here, down .4. down .4. rear-view mirror up .8 that was a slightry vision many like to look at durable goods orders, proxy for capital spending a big question mark

dow futures are up 281 points. what makes this even more remarkable is that just about two hours ago they were down more than 100 points, but they made more than a 300-point swing higher in the last couple hours. all that as president trump said that china is ready to come back to the trade negotiating table look at that, that was about 3:00 a.m. in the morning when our hard-working staff is already here, by the way, futures making a big turn up and this is where we stand right now. what a turn. president speaking on the sidelines of the g7 summit in france earlier today listen >> gotten two calls and very, very good calls. very productive calls. they mean business they want to be able to make a deal it's very important that -- it's very important for them. they lost 3 million jobs it's why president x ziri is a t leader he understands that. it will be great for the u.s. for the world. he's able to do things that other people aren't able to do. >> if you didn't hear that the president saying that china called twice

yesterday was the biggest one-day drop of the year with the dow loouzing 800 points. bonds are to blame. yesterday, the equation flipped. >> the last time this happened was back in 2007. and that was right before the great recession. so people are wondering is this going to happen again? are we going to see another recession? >> and a global slow down may be influencing the shell sell off. china reported the slowest growth since 1992. and japan and germany also showing signs on economic trouble. >>> and time is 6:07. >>> and a special program in contra costa county is helping kids avoid the violence. we'll introduce you to the man who has made it his mission to create a better path forward. >>> and a major road redesign in under way in the north bay that could pave the way for self-driving cars. >>> and hot temperatures, extreme dangerous heat. especially inland with the heat advisory in effect. here's a live look with the treasure island camera. mild to warm start to the day. we'll watch the temperatures climb. the full forecast coming up. >>> and it's heating up on

dow up almost 400 as u.s. trade reply moments ago said they will delay some tariffs until december 15th for products like cell phones, laptop computers, toys, even items of footwear and clothing. >> they went for apple, some of themakers, xbox. i'm not sure where xbox is made. i'll tell you this, i think the administration would say, hey, listen, fed, this is less inflationary less inflation, why don't you take advantage of it the other side is people say what did the chinese give the united states. all this is a delay. it's the gift to tim cook who i think has presented a case that is quite good to the president that's why that stock is deservedly up 11 because it's got a lot more time. the people who were betting against this market on the yield curve, they are going to be in hiding today and that's why it's so hard to just say i hate the market the first 20 minutes here was an existential crisis for me. i wanted to hate the market and hate business but i couldn't i went up there and said, listen, i wish the

dow's positive again back to our steve liesman. he has had a chance to think about the speech and get a sense of thousand it's been received indoors. >> yeah, carl, i think the way i'm going to come down is call this speech dovish enough. there were a couple of camps out there, one camp obviously very worried about the fed chairman not responding enough to market space station. anoth expectations another priced for what they thought he might deliver and the super doves looking for a lot more there is a lot of market reaction out there the one i like to perhaps settle on, the federal reserve probabilities. i think that has the most online for what's happening to federal reserve policy what you see is a very slight -- not a slight a measurable uptick in the probabilities of rate cuts we were down t those have now edged up a bit. in addition, inside that september rate cut we were down towards zero on the chance of a 50 basis point cut now it's up near 14% 100% chance of a cut, but a 14% chance inside that of a 50 basis point cut. so

we're up 233 points for the dow. look at this, the yield on the 10-year treasury keeps just sinking. now it is 1.95%. the united states looks like the only game in town. money pouring into our stocks and our treasury bonds. love it. >>> trade talks with china, set to resume next month. now yesterday the white house released a statement calling the latest round of talks, productive. joining us robert moran with the brunswick group. this is the guy, if you don't mind me referring to you like that, who does a lot of research for us and it is all good stuff. you have some new numbers what americans think about china trade, is that correct? tell us what have you got? >> that's right. there is actually a lot of public opinion data on this now. 62% of americans do believe that china is an unfair trader. and we have a lot of data on that. where it starts to get complex is, american attitudes on tariffs themselves. a majority of americans say they believe that prices have increased because of tariffs but that's a soft number

that means it's pricey a bad month for the dow. trade tensions ratcheted up and rate cuts unstecertainty. trade and rate cuts that have f moved the market most in the last two day, not good news on them little wonder we're down today back to you. >> thank you let's break this down more talking about what led to the president's announcement just a short while ago. what it means for further trade and negotiations joining us on the "newsline" is fred kemp, president and ceo of the atlanta council and fred, you know on the one hand, we had indications all week this was not going well on the other hand, it feels like it came out of nowhere this is a big step to expand $300 billion a lot of these companies may not have had to deal with this at all yet, rig >> this is going to come as a surprise to a lot of people b and most of all, the chinese it wasn't expected, but it is consistent with the way president trump has approached this clearly the message his cabinet members are bripging back from china may be willing to wait him out. what t

right now the dow jones industrials is up 83 points. when it briefly touched that inversion curve this morning, you can see the market took a dip, right after 10:00 a.m. eastern, right there. so really, today is barely a blip on the radar compared to last week's dramatic action. are the markets not predicting a recession at this time? are they now discounting this yield curve inversion phenomenon, not worried thanks to strong economic dataints? let's get to our floor show traders.sarge guilfoyle, give m sense at the moment of why suddenly the market doesn't seem to be really hyperbolic when it comes to yield curve inversions. >> actually, the market has been very quiet a week. there's been a lot of hand sitting. it's not because of vacations. that's a bunch of malarkey. it's because of jay powell's speech tomorrow. everyone has been putting on less risk. i'm at higher cash because i don't know after today's two speakers which way he will go. if he sounds hawkish they will take a pound of flesh out of this market. if he sounds hawkish an

reminder, we ended the day down 1.5% on the dow, but we're out of time. that does it for "closing bell." >> "fast money" begins right now. >>> live from the nasdaq marketsite overlooking new york city's times square, this is tms tms. i'm melissa lee. tim seymour, brian kelly, and dan nathan coming up you'll hear from one long-term bull who says he is now the most bearish he has been in a very long time. also ahead a pulse check on the consumer, the three events coming down the pike that will tell us if the u.s. consumer is alive and well plus a call on bitcoin one wall street firm says the crypto currency is about to break out. the magic number they are putting on b

. >>> the dow plunges nearly 800 points. the major indexes haveheir worst day of the year, and there's a global selloff after china's currency falls to its lowest level in a decade sparking fears of an intensifying long term trade war. d >>> so whas it all mean and how does it impact you, your money and your investments? we'll do our best to explain on a special edition of "nightly business report" f monday august 5th. >>> and we do bid you a good evening, everybod welcome. not exactly the way you want to start a week, is it? by the timeur alarm clocks went off this morning, stocks were already falling around the world after china's currency fell to its lowest levelgainst th dollar in more than a decade. most european markets were down 2%. hong kong was dow 3% and then it was time for wall street to get to work, and it wasn't pretty. when you have names like apple down 5%, boeing down 2.5% you know you're going to be in for a rough time, andxa that'sly what happened today. here are the final numbers with the dow down 767 poi

we are up 84 points on the dow a nice 150-point swing in the last hour or so. we did trade lower as yields once again slipped about an hour and a quarter ago. but a little bit of positive momentum as we approach the close, up about 0.3% on the dow. coming up, a bearish call on one stock citing a weakness in the economy, a first place a recession might take place. >>> and ge board member leslie seidman will respond as the company hits back and denies allegations. he reclinbe" after the break. >>> welcome back to the "closing bell." time for word on the street. stevens has initiated on caterpillar with $100 price target and citing negative risk-e reward and a $40 target and pinterest as a host of content for the global ad industry and j.p. morgan upgrading liberty to overweight to the firm citing tail winds including inflation in sports media rights, a longer race calendar and better monetization opportunities. let's start with that one, the fun one. it is already up 30% year-to-date but the upgrade gives it another 20% upside from here sports rights are very val

the dow wasdown 1,300 points over two days. on the worst day it was down a thousand closed 588 i got filled on stocks i had no business being able to buy at that price >> that i think is maybe the -- a more constructive approach than saying this is the big one, we're going down 30% >> first of all i never said this is the big one. >> i'm saying like joe says, you have to manage risk. there is as a portfolio manager, you have to manage your risk risk is not volatility volatility creates opportunity they're into the the same thing. however, things did change and you have to keep that in mind going into last week, first of all, you had optimism about china. why. >> the narrative is let's be optimistic you had optimism about the feds. you knew 25 bits however, when you get tweeted at 3:00 in the afternoon confirming your fears, right? tweeteding that magnitude. a knee jerk reaction gets all the advice that creates change and by the way as good as trump has been for the market, the two best markets happened under the two worst presi

the dow is down 503 points you didn't get it up i'm sorry. we'll try better next time >> john, morgan brennan, bill griffeth and kate rogers coming up. >> the stock markets you are talking about. >>> fed chair powell left the door open for some more rate cuts we will check on what that means for housing next speaking of rates, we briefly inverted again between the 2-year and the 10-year yield you can see on the very right-hand side side of your screen there, the fact that it's in the red means that awere inverted fwhachl measure we will have more when we come right back ly road i've ever known ♪ ♪ like a drifter i was-- ♪ born to walk alone! ...barb! you left me hangin' on the high harmony there. if you ride, you get it. geico motorcycle. 15 minutes could save you 15% or more. >>> welcome back let's check on the yield on the 10-year note as markets sell off this afternoon, we're just above 1.5% 1.5%, and we were at 3.25% last fall yields today began to slip after fed chair powell said the central bank will continue to act appropriately

dow is down 539. s&p is down 60 points right now. >>> and pharma stocks among those moving to the downside meg terrell has more on that from headquarters. meg? >> they are moving downwards, health care stocks are actually holding up a little better than other sectors, down now about 1.3% within drug makers, biotechs, the ibb biotech down 2.3%. the bigger biotechs are all off a bit less than smaller companies, chuck see reflected in the performance of the xbi biotech, which is influenced more by those smaller company stocks than the ibb. in big pharma, most holding up bigger bristol meyer, merck, johnson & johnson, abbvie, for those companies, earnings season have been pretty good, the exception is pfizer. it faced a sell-off last week after its deal with mylan and disappointing second quarter results. the company also said friday evening a clinical trial with partner glioco medmedics failed, guys health care stocks overall a bit more defensive, and they are also in the red. back over to you >> meg, th

in fact, a lot the dow is down 737 points right now. and in terms of sectors the banks, retail, energy, they are getting pummelled. this is not at all just a u.s. story. markets in hong kong, china, japan higher than now but down more than 10% from their recent highs. we are going to get the details on all of this, pluls the record moves in the bond market today but let's again with dom chu who has a look at where things stand at this hour >> it is session lows. lows of the day, however you want to put it these moves a 745 drop does represent nearly 3% downside this would represent the low point of the session the s&p 500 off by a similar position and nasdaq, the real loser here so far today now remember still below that 3,000 market that a lot of people have been eyeing for the s&p 500. it's not at all red everywhere if you take a look at some of the haven assets, we focus so much on treasuries and yields, take a look at gold prices again, and you can see that up trend has been pretty much in place for the better part of this year, at

a live look now at the dow. you can see it's down about 548 points after beijing announced billions of dollars in additional tariffs on u.s. goods. president trump blasted china on twitter ordering american companies to pull out of the country. in a series of tweets, president trump said vast amounts of money made and stolen by china from the united states year after year for decades will and must stop. our great american companies are hereby ordered to start looking for an alternative to china, including bringing your companies hope and making your products in the u.s.a. i will be responding to china's tariffs this afternoon. this all comes as president trump prepares to head to france for the g-7 with our closest allies and trading partners. rich edson reporting live with more. rich? >> trace, today senior administration officials said the president was meeting with his trade adviseradvisers. it's unclear what he will announce and how the president of the united states can compel a company to withdraw their ov

dow jones is down about 169 points. let's get a read on all of this politically because this could have impact. kamala harris was among the first of the presidential candidate to put to and two together to say this drags on. this will impact the economy. most democrats are leery of raising the subject in a good economy, to do anything about raising it as an issue in the campaign. if this is potentially an issue, they probably will exploit it. glen hall joins us right now, "dow jones newswires" chief editor. glenn, if you think about it, the first i can remember a presidential candidate cite what is happening on the trade front, the need for the federal reserve to lower rates as, would be an opening salvo, right, on the economy, what do you think? >> it's a bit of a gamble, taking a shot if we see further erosion in the stock market, confidence reflected in the stock market, you see that trickle down into the prices that consumers will be paying for goods, then you might be able to mcthat case, that this president has ma

announces a delay on tariffs of certain products into december, sending stocks like apple higher and the dow up 400 points. although earlier the session high was about 520 let's get to josh lipton with more on the move in tech stocks today. hey, josh. >> carl, check out apple here. ripping higher off these headlines. investors clearly cheering this decision by the trump administration to delay tariffs on certain items, include cell phones, until december 15th. and that could havecertainly placed apple in a tough spot, because remember, so many of its products are assembled in china. and millions of chinese working to put together different parts of iphones and ipads so tariffs could have required tim cook and of course, many other american executives to make a tough decision, absorb the tariffs and impact his bottom line. in fact, just this morning, you saw wedbush saying, if apple fully absorbed the tariffs, they think it could reduce 2020 epps by as much as 55 cents or cook alternatively could try to pass along prices to consumers, but that could possibly dent demand for the products wedbu

we're down 3% this month on the dow. but they're saying this is a month to forget. >> worst month since 88. >> first probabilities fund management, thank you. and of course the stock trader's alma knack. >>> we mentioned investor nervousness about the situation in hong kong what right now is the situation in hong kong is the airport reopened? where are the protests let's join now nbc's matt bradley with more. matt. >> reporter: hey, brian, you know, it's looking a little grimmer and grimmer as the day goes on here as you can see, there's tons of youthful protesters who are now not in the arrivals hall but in the departures hall. they're blocking people from checking into their flights. and behind them are all of these luggage trolleys they're using this to try to keep people from just checking in and this is exactly what caused the problem yesterday when they fully shutdown the airport and canceled hundreds and hundreds of flights now, there are still people checking in, as you mentioned the airport is open. but it doesn

getting us all up to speed dow is down 55 to the judge >> carl, thanks. scott wapner, front and center apple comeback shares surging over the past two weeks. is a new high possible it's 12 noon this is "the halftime report." >> apple making big moves. the stock up 10% in two weeks. your next trade is straight ahead. >>> home depot, kohl's and tjx missing the mark on sales. is the american consumer running out of steam >>> beyond meat shares sizzling on an upgrade. is it time to jump back in after the recent sell-off? >>> the investment committee is

we're up about 250 points on the dow. coming up we'll take a look at how investors' risk appetite is changing in light of the new volatility. >>> plus fred bergsten will tell us why he thinks china is not manipulating its currency. >>> and the jolts jobs report measuring the number of job openings in the u.s. mostly unchanged in june coming in at 7.35 million it was the third straight month above 7 million which is pretty good the dow is up 252. we have got under 40 minutes left till the close. we'll be right back. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. l in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life s

the 800-point drop in the dow. unlike tienanmen square as you can see on your tv screen, the social media in china is all over this, and the hong kong people are not going to back off easily. this is a tinder box, and this type of protest movement, particularly if it extends over days or weeks, this could have consequences that could shake the markets and the world for many years to come. melissa: north korea warns at putting nuclear missiles in the ground in south korea could spark new cold war. just a chair. that a handle is just a handle. or -- that you can't be both inside and outside. most people haven't driven a lincoln. discover the lincoln approach to craftsmanship at the lincoln summer invitation. right now, get 0% apr on all 2019 lincoln vehicles plus no payments for up to 90 days. only at your lincoln dealer. managingaudrey's on it.s? eating right and staying active? on it! audrey thinks she's doing all she can to manage her type 2 diabetes and heart disease, but is her treatment doing enough to lower he

if you look at dow. one putting pressure on dow, jpm, walgreen's, goldman sachs. we know in the inverted yield curve position the banks have a tougher time making money through their lending business. so that is why we are seeing financials pressured overall as well. s&p 500 not a surprise, charles at these levels . higher interest, more money for having lent it for longer period of time. that is the logic of the bond market. that is how it works. at this point we saw inversion and essentially shows that investors, well, they're just anxious about the future. they're anxious about the underlying fundamentals of the economy. now of course these moves can come and go. but today it is about selling and it is about larger economic anxiety. so we are seeing that basically showing up across the board, if you look at fed funds futures what investors are waiting, expecting the fed to do, we had 100% chance after 25 basis point cut in september and 20% chance of a 50 basis point cut in september, charles. charles: i thought it would be higher than that. thank you very much

dow futures are down, extending a selloff from yesterday. the mood boosting taxes on nearly everything sends t chinao the united states. one comment was an average bike at walmart is going to go up in price, the president targeting china's trade during his campaign rally last night in ohio. watch. >> we've taken the toughest ever action to stand up to china's trade abuse and i just announced another 10% tariff on $300 billion worth of chinese products that come into our country. and that's on top of the 25% that we a take of $250 billion coming in from china. for the last 20 years, china's taken hundreds and hundreds of billions of dollars out of our country and now we're stopping the theft of american jobs. if foreign countries don't want to pay a tariff, i have a simple solution. make your product in america. come on back to the united states. maria: meanwhile, beijing is vowing to retaliate if the u.s. goes through with the tariff plan of 10%. joining me right now is pennsylvania congressman, guy reshenthaler. thank you for being here thi

last week it was down 400 points on the dow. we got to do at least that much to wipe outlast week's losses. lots of talk the fear of a recession may be overblown, and there's some optimism now that president trump wants to make a trade deal with china. that's why the markets are up pre-market. here is news that may be helpful to fuel the optimism. president trump says apple's chief tim cook is concerned about losing the edge to samsung , because of tariffs. here is the question. is the president getting ready to take a softer approach to tariffs? we'll be asking our china experts coming up. and more hong kong protests this weekend, organizers say 1.7 million people brave the rain to hold a very peaceful demonstration yesterday. we'll get a live report from hong kong later this morning. and get this, the business round table, the top ceo group led by jpmorgan jamie dimon saying maximizing shareholder profit, your wealth, can no longer be the primary goal of big corporations. what's up with that? "varney" & company monday edition

the dow more than five times. s&p 500, four. now, one analyst says investors should prepare for a quote, lehman-like plunge and monster selloff that could happen basically as soon as tomorrow. 100% opposite view from goldman sachs. goldman says keep calm, investors can still make money in the market even with an escalating trade war between the u.s. and china. in fact, goldman says the s&p 500 can go to 3100 by the end of the year. a 9% return from current levels if you are doing the math. so who's right, who's wrong, are we bracing for a catastrophic drop before the holiday weekend? or is there still money to be made? we are starting the floor show right now. the people on the front lines, from the new york stock exchange, teddy weisberg. from the cme, scott bauer. from the nymex, luke. teddy, i will start with you. green on the screens in the stock market. that has to feel good. can it hold? >> you know, it's very tough, deirdre. it's interesting, you have two completely opposite predictions. i don't know what crystal ball you

dow is down 394, low of the session, a loss of 462. look at the s&p, if we could. that low of the session i believe was a loss of about 45 points. we are down for the moment but the s&p, i want to say about 35 points. again, we are off the lows here but phil, matt just referenced what's going on in the united kingdom. they saw shrinkage in their economy. they had a negative gdp here for the second quarter. their economy contracted. anything about that concern you, or in truth, is the uk an island and their problems will remain their problems? >> well, i think it could expand throughout the eurozone but it just raises the concerns to the marketplace about how this is going to play out. with the hard brexit. if we get into a hard brexit, you know, the people are afraid that things are going, and with their economy contracting a lost it is due to uncertainty, not necessarily bus theecause their economy is doing bad. liz: matt, what do you think? >> i agree with that. brexit is the overwhelming concern. we aren't going to look at this until there's a decision being mad

the dow jones industrial average rose just about 100 points to 25,579. the nasdaq fel 7, and the s&p 500 added 7. that is "nightlrtbusiness re for tonight. i'm sue herera. thanks for joining us. have a great evening. we will see you right back here tomorrow. ♪ ♪ woman: this is "bbc world news america." is made possible by... the freeman foundation; by judy and peter blum-kovlefoundation, pursuing solutions for america's neglected needs; and by contributions to this pbstation from viewers like you. thank you. laura: this is "bbc world news

the top performing stocks on the dow. apple leading the way today along with walgreens boots and dow, inc back in a minute , a veteran, , a veteran, or you're in a military family, please stand. i will tell you this, southern new hampshire university can change the whole trajectory of your life. >>> welcome back to "squawk on the street." the major averages having their best two-day rally since early june volatility has sent investors ruining into munis. >> the bond market we don't talk about enough a combination of lower rate and stock market volatility continues to push investors into municipaldebt. mutual funds sign posts of $1.6 billion last week the average deal six times oversubscribed bringing the total amount raised this year to over 58 billion, on pace to break the 2009 record. it pushed the average ten-year yield to 1.5%. but lower yields haven't stopped investors from eying some of the new deals that have come to market in the last two weeks we reported on the pennsylvania ticonderoga, turnpike that deal price

you got the dow down 307 points. you tell me at&t, david, at&t, let's go over at&t let's use paradigms. 6% yield does better in low rate environment. quarter wasn't that horrible what am i supposed to do you interviewed the ceo of verizon. how are they hit by trade flows? >> they're not >> i'll take 4.6 all day that's what people have to do. we have people who buy stocks and sell stocks. we cans which to be a macro fed network. i don't know binary let's go home. i'll take my mic off and go home i got things to do at home my wife is busy all day. at that restaurant. >> back to china for a moment, we did hear from ray dalio earlier, bridgewater, one of the largest hedge funds, here's what he had to say about -- >> i believe the china is a competitor of the united states or chinese businesses will be competitors of american businesses and other businesses around the world and that you're going to therefore you want to be, if you're diversified, having bets on both horses in the race >> not quite sure what that means. bu

we're revisiting session lows with the dow down almost 700 points. all dow 30 component are down. not surprisingly ones more vulnerable with ones happening halfway across the planet are ones taking it on the chin including caterpillar, boeing, apple, by extension nike but if you go outside the dow, skechers, best buy, kohl's, anyone who relies on business there and consumer activity here, are caught in the consumer downdraft. the only way to protect your money is in the bond market with the yield 1.75%, the argument foes as usually in times of strife, better than guarranty, than losing our shirts. protect the principle. keep the money you have, don't risk anything else. that is the prevailing view, for now, after this. hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i d

we're up 109 points on the dow. keep in mind we lost about 767 points yesterday, the single biggest one-day hit of the year after had been the worst week of the year just before. so we're keeping a good look on this i'm noticing that some of those trade sensitive issues are coming back, not all of them. for example, caterpillar is still having some difficulties. jpmorgan chase, most have not rebounded but most have come back. we'll have more after this. (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. experience our most advanced safety technologyto on our full line vehicles. now at the lexus golden opportunity sales event. lease the 2019 es 350 for $379 a month for 36 months and we'll make your first month payment. experience amazi

if you look at the dow jones industrial average. the financials fell hard, goldman sachs, jpmorgan action. we have been talking about the inverted yield curve. it's showing brass tacks take away. investors are more optimistic on the near term than the long term. that drove a lot of the selling and activity we saw in the bond market including buying so much into the 30 years that we saw the yields at never before. it showed up in financials, as we just covered on the dow. if you take a look at the other sectors, macy's as well. you have been covering this from an earnings angle. this year will be a disappointment to investors. i heard melissa say she is on pace. if you look at some of the other sectors we have been following. tech has held up this market for two years. you had oil down more than 3%. that data coming from china and the eurozone making investors question how stable asia and europe are as completely economic reasons. connell: here with us, jonas, do you want to take a first step at this? i don't think melissa is right t

up on the dow. that didn't hold but we are also kind of oscillating off the lows here still within this month-long range. >> i think it's about yields german yields, negative yields around the world probably heading even lower from there and taking the equity markets with it. that's it from the 50,000 foot up and now trade headline, dudley today writing today and trump tweeting dudley in any other news day i think dudley should have been the focus from start to finish but when you have rates and when you have headlines on trade that kind of gets lost in the shuffle and been covering it quite well but that to me is something spectacular as a former fed official talking in those terms. that should be a knee jerk reaction to the marketplace. how divisive this has become and almost trump against the fed but realize boit realize both of them on the same side of the u.s. >> same objectives it is getting chatter and we'll continue to talk about it. also, hard to find a lot of people siding with dudley on t

the dow shed 800 points. its worse performance of the year. s&p 500 and nasdaq lost nearly 3% each sending signals of a possible recession as the yield of the 10-year treasury fell below the key marker since 2007. good morning to you from london. anticipating what took place today. what exactly is an inverted yield curve and why does it matter to the market so much? >> remember, a couple of days ago, you were asking whether or not we'd see a volatile equity. we saw an 800-point drop. the catalyst was the yield point inversion. let me explain that. the u.s. treasury issues bonds at a yield level. it has a whole difference of maturities. two-year, five-year, 30-year. the two-year yield is higher than the 10-year yield. typically what that means and has meant since 1956 is that we have seen a recession follow shortly afterwards. the average time period for that to happen is around 17 months if you go back to 1956. it varies situation to situation and is a function of what the federal reserve does in response to that. the market is placing a lot o

we are just off the highs of the session. 384 on the dow the high was over 500. it's been around the 400 mark for most of the afternoon session. >> we've got 19 minutes until the closing bell >>> up next, we'll discuss how boeing's july order numbers are impacting stock. >>> and after the bell earnings reports. only 6% of analysts on a sell rating on til ray. we'll break down the numbers as soon as they come out. tomorrow, will better ross at 8:00 a.m you don't want to miss that. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. we have 15 minutes until the close. boeing out with july delivery numbers today. not a pretty picture phillip has the details. >> not a lot of surprises, morgan we did not expect the