Johnson johnson, well fargo and many more. Google going on a costcutting mission. How will this company known for growth cut back . Shares of google right now, shall we . Maybe no. Maybe so. They are up 16 at 5. 63 a 3 rise on that news. But we do start with the iranian deal. It may take weeks or months for the money to start flowing but the speculation has begun about who will get into the Islamic Republic first. Our coverage begins now with morgan brenner. What have you found, guys . You snuck up on me there. A sneak attack. So its not a done deal yet, still months and several hurdles away from sanctions being lifted, but there are a wide array of companies that could benefit long term so lets start with oil majors exxon mobile bp and royal dutch she will have all been taking steps to explore the possibility of doing business. All of the stocks are higher today. Now, if they start investing that could also boost Oil Field Services companies so Schlumberger Halliburton international and Weatherford International and Cameron International could all benefit and many like schlumberger are not commenting and it brings the crude oil tanker market. More Oil Production could be a net positive for very large crude carrier fleets since many of irans ships are older. Those stocks including navios, teekay and Scorpio Tankers all higher today as well. Keep an eye on French Companies like puget, the automaker which has a history in the country is in advanced talks over an iranian carmaking venture and iran has the same population as germany, almost 80 Million People and seem to like american products. Iranian citizens could be a huge market for other flagship Consumer Brands like cocacola, nike pepsi and mcdonalds. Just hard to predict when the market will be fully open but for more on this weve got a story on cnbc. Com that actually just got published so check it out. Morgan thank it out. The managing director of turquoise partners thats one of irans biggest investment firms. He is live for us via the phone in tehran. Ramin, welcome. Good to have you with us. You hope heard a little bit of morgan brennans report there so what u. S. And western industries are likely from where you sit to be the first into iran, what do you say . From what weve been seeing in our company, tyler, over the last year or 15 months postgeneva deal weve had tremendous number of foreign investor delegations visiting us in iran from many of the European Countries but also including some from u. S. And from from what from pure speculation and the sense that i get is that probably the sectors that will move in quickly and first are hotels and hospitality obviously. Iran has a lot of tourist potential and tourism potential and for the past three and a half decades its been closed to a lot of Foreign Tourists and also not many hotels were being built and none of the multinational Hotel Companies are in iran. Hotel sector is very attractive and they will move in very quickly. Thats very interesting. A lot of people would instantly immediately say it would be the petro chemical companies, top of the list but you say hotels hospitality. We can imagine the western names that might be there. Youve also im told been investing heavily in iranian Financial Companies. Why are you doing that and do you see opportunities for Western Banks and investment banks to move in as well. Definitely. I mean one of the sectors that benefits immediately from removal of sanctions is Financial Sector because they have been hit really hard by the sanctions of central bank of iran and also the swiss system so i think that sector would benefit hugely from sanctions removal. They are already seeing a lot of the european and regional investment banks and banks, investment companies, Venture Capital and private equity firms with iran over the last 12 months so definitely i see a potential for foreign multinational, Financial Institutions to come to iran very soon. What is your sense of how soon the sanctions may be lifted, the sense among your collaborators there on the street, and how soon do these moves might take place quickly . My view is that sanctions will probably be removed within the next four to six months, and i think the process of foreigners coming to iran will probably start with a small to Mediumsized Companies from europe. They will come in first because theres no restrictions on europeans investing in iran even today. Its just the Reputational Risk and for the larger multinationals its probably going to take longer because they have to change their internal compliance policies before they can come to iran. Ramin, thank you very much. Appreciate your time. Ramin rabii, turquoise partners. So many in the diplomatic world are using twitter today and he said we call for greater brotherhood, unity and expansion of ties but he warned the world do not be deceived by the propaganda of the war mongering zionists. Iran and its power will translate into your power so the rhetoric, the hot rhetoric mandy is still out and about. Certainly is ty. The deal with iran could lead to a flood of new oil hitting in already oversupplied markets. The prospect of that drove oil prices to threemonth lows earlier and were seeing a rebound. Wti crude is back above 53 barrel, again 1. 5 . Well keep an eye on that as we go into the close in 90 minutes time but lets get to dominic chu for a quick market flash. Dom . Oil not the only thing in the green. Shares of amazon. Com up 2 . They hit a record high and the shares have rocketed 31 from the same time a year ago. The company is getting ready for its prime day, the massive sale for its prime members. That will happen on july 15th. Tomorrow amazon was upgraded to a buy from a neutral at ubs and the price target raised from 550 from 450. Among the reasons, subscriber growth. The dow is in fact less than 2 shy of its alltime intraday high. The s p 500 and the nasdaq are less than 1. 5 away from their intraday record highs. The dow is currently holding above 18,000 with a gain of. 3 of a percent, tie. The nations Largest Pension Fund missing its mark calpers following short of its annual return target because of a slowdown in the market and weak private equity returns in its funds. The 300 billion pension giant returning 2. 4 for the fiscal year that ended two days ago, june 0th and gold was. 1 shy. Calpers Real Estate Investors grew more than 14 . Investors watch calpers very closely because its seen as a bellwether for how other larger pensions across the u. S. Will report and many of them will report their results in the coming weeks. Okay. Stocks, as we mentioned, on track for a fourth day of gains. Whats happening with earnings season though . Will that push the market higher . Joining us is bill stone, chief investor at asset wealth management. Gentlemen, good to see you both today. First a question on the Energy Sector which is moving very nicely higher. Does the sector change now because of the iranian deal . You know, it may. I think a lot of our emphasis on the Energy Sector is actually trying to and this is a longterm view is just avoid investing quite as much in terms of commoditycensotti areas, you know, for instance. We have a pretty significant investment in the midstream area that really deals more with the fee side of the equation but certainly the added supply probably maybe pushes off the move up in oil prices because i do think over time oil moves up. Its just a question how soon. If the price of crude goes down it could be good for the refiners. What do you think, mark . Does the Energy Equation change for you from the investment standpoint now . Yeah, without a doubt. I do think its going to take a little bit longer for oil prices to increase and, therefore, its going to take you know even longer for obviously the rebound in a lot of these oil stocks, but, you know at this point in time really our focus is more on the the defensive sector so were kind of avoiding energy at this point. We really want to stick with the sectors that are having a lot of their majority in health care. Health care has had a big move up over the past year mark . Specifically hospitals in the Health Care Sector great performance year to day and great performance over the last year and theres a lot of critics who say they are do for a pullback. However, history has shown, you know, there have been really four major outperformance phases since 1978 for the hospitals, and and during those outperformance phases they have typically lasted 37 months. Weve seen 277 outperformance for 71 annually so theres plenty of room for these to run, even if you go back to 2012 and call that the beginning of the outperformance. Theres still another 100 of outperformance to be had there . Right. Over the past year two of your names there, hch is up 69 , Community Health up 50 . What do you like at this juncture, bill and how does earnings season play into it . You know i think we still like despite the weak retail Sales Numbers this morning, we still like the Consumer Discretionary area. I guess i wont give up on the u. S. Consumer. I think when you have the combination of rising incomes here in the u. S. , a job market thats Getting Better i think thats a a good longer term look that that will continue to move on. I would say we happen to also Like Health Care and lastly we like the financials which obviously this is the week to kind of take a look at the earnings, but we think the future looks good there as well. Real quick, since you mentioned the weak retail sales this morning, does that number push back the possible september liftoff for a rate hike from the fed . It certainly makes it a little tougher. I mean were still officially on september but i think you have to lower the probabilities at the moment certainly paced on the data this morning. Well keep watching for more data. Thank you very much. Bill, mark and you can also go to powerlunch. Cnbc. Com so see why bill says energy will be the biggest drag on the earnings season. Ty, over to you. Lowcost carrier Spirit Airlines lowering its guidance for the year and warning Severe Weather hurt Second Quarter results. Fastenal, make fasteners, nuts and screws saying its secondquarter profit rose 6. 7 and revenue fell short of expectations and the match group, subsid riff iac interactive purchasing vancouverbased dating site plenty of fish for 575 million in cash. Dont smile too hard there, mandy. I know youre amused. The match group operates match. Com, tinder you know about that one, and ok cupid. There are always plenty of fish in the sea. Empowering a lost generation starbucks leading a charge to hire thousands of people shut out of the job market. Why isnt Corporate America doing enough . Plus, shares of micron soaring 20 , a rival preparing a 23 billion take overof the chipmaker and it would be the largest chinese take overof a u. S. Firm. Should the u. S. Allow it . Weve got the profit waiting in the wings to debate those two stories next. If you cant stand the heat, get off the test track. Get the mercedesbenz youve been burning for at the summer event, going on now at your authorized mercedesbenz dealer. Hurry, before this opportunity cools off. Share your summer moments in your mercedesbenz with us. Welcome back. A couple of my favorite guys are going to join us here in a second, starbucks leading a charge to hire thousands of people shut out of the job market, but why isnt Corporate America doing enough . Bill george Harvard Business school prove sorry and former medtronic chairman and ceo joins us as well as Marcus Lemonis, host of cnbcs the profit. You guys will be with us all during the next two hours. Were going to hang out with you. Lets talk about what starbucks has decided to do to come in and try to bootstrap young men and women, many of them disadvantaged, underskilled, who are neither in school nor working. It is a theres a lot of them, and theres a real gap here is this something that more companies ought to do or that the government ought to get behind in some major way . Im not in favor of the government getting behind it. Im in favor of companies deciding on their own that they want to have an initiative to employ people in a category that maybe dont have the same opportunity, but i still want them to be qualified, and so this isnt an effort or initiative to just have a handout. Want to be real clear about that. This is in part apprenticeships and Training Programs so that the individuals get the kinds of skills that can make them employable in a starbucks location. Tyler, thats exactly what this country needs. This is a very difficult group. A lot of these people have not been at work for the last year. Look at unemployment stats, four times, five times what they are for the rest of the population and i think we ought to be talking to young people at age 13, 14 making a decision, what do you really want to do . Maybe you dont want to go into math and science and english, but maybe you do have skills with your hands, and i think companies im so pleased though that howards got walmart, target macys microsoft. Hes got some pretty important big employers that can really make a difference. Telling people its okay not to go to math class now because if they dont want to theres another alternative at 13 years old . Im saying you may not want to go to college to major in math and you may want to learn enough to be a great carpenter, a great drafting designer to run computers. The age group thats targeted here is 1624. I understand. Theres a gap of people that are not in college yet, are we telling people at 16 years old, if you dont like your history teacher, the math teacher or the basic fundamentals drop out, you can go into this program and become an buena vista. Become an apprentice. I love the german apprentice programs, machine workers, automobile workers, done a fantastic job with people. Not Everyone Wants to go on to get a b. A. Or mba. They are trained to do something. Were lack skilled crafts people, skilled employees and thats the future. America is not at the low end. Starbucks and others are hiding at the low end. We need to get some people with skills but they need to learn those skills and we need to train them. The stigma needs to be taken away from those who choose not to go to college and do an apprenticeship and we need to go on to the next subject, a chinese firm preparing a 23 billion takeover of mikecron and others are now saying what about National Security concerns . Will this pass the committee on Foreign Investment . Thats a big question. This is a big deal not a trivial deal than may be the first of many. I remember back in the 60s with texas instruments, leading semiconductor company, licensed all the Japanese Technology and we saw that come back into the u. S. In the 70s and 50780s. National skufrtd is a big concern and ip intellectual property. Need a twoway street. I dont want to say Chinese Companies cant buy here because then American Companies wouldnt wont be allowed to buy in kroon but we do have to pass certain tests about protecting intellectual property and National Security concerns. Lets also pay the right price first. Who is paying the price, the chinese are paying the price . Lets make sure the price is right. Bills point about the security issue is irrelevant. I want to talk about the price first. Too low . 23 billion . Over a stock that had dropped in half though. Thats right. And youve got to look at where it was. Its up here and now youve gone from here to here. Remember the hubbub when this will feels to me like an even more sensitive area of technology. Why . Because its sfornlg,torage, not property. Its chip making right . Its storage, not processing. The markets have the technology they are going to get the technology anyway so we need a clear understanding of what they get and dont get. This is the last u. S. Based maker, by the way. After this its all gone. Maybe china should be focusing on developing their own technology. Oh, they will. They are. Using r d. And theres two regulatory bodies, our regulatory body and their regulatory body that wants something to say about this as well so i think thats a big issue. Twoway street issue is a big issue. I think so. I like the tpp, the transpacific partnership, i think thats really important. Thats the way to negotiate things. Need a twoway understanding with china and all the Asian Countries and then weve got to pass these other tests. Bill and marcus thank you very much for your thoughts on those topics. Many more topics will be thrown your way later on in the show. Okay. Guys, lets check out whats happening with the russell 1000 index. More than half of the bigcap names are near or in correction territory, down 10 or more from their highs and wynn resorts is among them but major indices are near their record level. The stocks that are keeping this market afloat coming your way. The name next. Happening with the russell 1000 verizon say neversettle. Tmobile agrees. Never settle for verizons overpriced gimmicks. Try the uncarrier riskfree for 14 days youll love it, or well pay for you to go back.