Administration to court over the blacklisting of huawei and elon musk calling it the most difficult launch ever as the falcon heavy rocket blasted into space earlier this morning. Of course we have the video. Its tuesday, june 25th as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching im Brian Sullivan well, we are about 0. 8 away on the dow from a new intraday high futures indicating it may be tough to get there yesterday the markets were up, just a couple fractions of a point here perhaps were on g20 watch whatever it is, futures are flat right now. Its 224 points on the dow from a record the s p 500, every time it makes a new high, that is a new high money has come into stocks money has also come into bonds the tenyear yield is staying low again. Look at that 2. 01 . Later on in the show we have the chief economist for the National Association of realtors, well talk to him about what that might mean for the Mortgage Market or if youre looking to refinance. Four days until that massive g20 meeting in japan where President Trump and chinas xi jinping are scheduled to meet. Ahead of that were seeing stocks in asia not getting a lift the nikkei down a half percent the hang seng down 1 . If europe f we didnshgeurope, ia better rbi, this would have been your random but interesting stat of the day, every single index in europe is higher this month a solid june for europe. The best performing market in europe is the worst performing economy, thats italy. Great country, bad economy, but a good stock market this month oil, bitcoin and gold. A couple days until that opec meeting which kicks off on monday gold is up again another 1 to 1,433. Multiyear highs every day for gold and bitcoin, its been a juggernaut this month and this year bitcoin up another 2. 5 . Thats 270 bucks to 11,300 by the way, your rbi at the end of the hour is on bitcoin. Its a cool one, i think stay tuned for that. As we noted we are nearing alltime highs for the dow, where do we go longer term joining us is bill stone from avalon advisers. Were in the media were simple folk. We like big, round numbers, new records. It would be nice if we hit it on the dow. Im thinking about six months and a year out from now. Everything across the board has been bought. Are you getting at all nervous well, i guess i would feel a lot better if we werent already at some highs. You know, typically when you start to see certainly a global easing cycle from the Central Banks, that has at least certainly recent history lifted asset prices. Thats positive, but were very close to highs so were not in a position where we sold off or where were in a soldoff position. In that sense i get a little worried that, you know, i always think of the market as expectations were close to highs, so expectations are fairly good despite the things out there is the fed like ahero superhero, or a mid level superhero. If everything in the world, stocks, bonds, bitcoin, gold, housing, if everything is up and everybody says its the fed, are we overstating the real market power that it might have yeah. I think underneath the fact is the economy is i will call it satisfactory so when you have i will go back to it when you have Central Banks easing and essentially right now you have the fed moving towards insurance cuts, not that the actual data has deteriorated that much, i do think thats part of what is driving things whether thats a superpower, probably not really. If things are really falling apart, i think you would see assets falling off because the fact is earnings would really collapse so what are you telling clients longer term . New records are nice theyll capture the nearterm attention. If we look a year from now, do you see markets being able to be higher i do see it certainly the ability to be higher i think for us still a recession is not in the cards. There is an interesting side to this every time the Central Banks have gotten together here during this expansion and started to ease somewhat, you have seen the Global Economy pick up again i think thats what you pointed out earlier. You have seen european stock markets act better its not their economy is doing well at all. You pointed out italy in particular but the fact is we look to be or theyre likely to ease again over there as well so youre seeing asset inflation going on i he think in the longer run it makes sense to stay positive, particularly in stocks relative to bonds bonds are already pricing in you have 2 here in the u. S. On the tenyear talking negative rates in europe so what will you do there . Youre guaranteed to lose money at least collecting the coupon i guess you could make money if it goes more negative, which is something i never thought i would say. You and i both. Is there any group of stocks that looks particularly attractive to you guys i think you still have to stick the safety stocks of the world are very expensive so if you believe this is going to give us reflation, i think you go in the industrials. Consumer discretionary still looks good to us the u. S. Consumer remains in good shape i think it will be interesting we get a take on nike this week. Maybe well get a glimpse there. Some retailers have done well bill stone, appreciate it. See you soon thank you very much. Thank you when we come back, outrageous and idiotic that is what iran is calling President Trumps new set of sanctions. A live report from the region. And a huge American Company is suing america over huawei yeah its true. That big story ahead dont call it a well, call it a comeback, but dont call it a bubble seesisn bull tom lee mak h ca for the future of crypto. Hey im bill slowsky jr. , i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Welcome back 5 10 here. Iranian president hue srouhani s hiring back at the u. S. Over new sanctions. Hadley gamble is live in bahrain with more. That tough talk between tehran and washington, brian, showing no signs of toning down there. Those comments from irans president striking out at mr. Trumps latest sanctions the latest sanctions targeting the ayatollah and his inner circle lets listen to the president yesterday. The Supreme Leader of iran is one who is ultimately responsible for the hostile conduct of the regime. Hes respected within his country. His office oversees the regimes most brutal instruments including the Islamic Revolutionary guard corps. We will continue to inhe crease pressure on tehran until the regime aban dodons its latest st aspirations. They are trying to target not just irans economy but the Iranian Revolutionary guard and proxies in lebanon, yemen and syria. Its really interesting to note even while this tone and this rhetoric continues unabated, we heard from john bolton, he was in israel earlier today saying listen all we need is a phone call from tehran you know, hadley, youre in bahrain. Is this the Jared Kushner summit if so, how is it going were just hours away from this peace to prosperity workshop the Trump Administration and his soninlaw, this is his brainchild we know the secretary of the treasury, Steven Mnuchin will be on site for this we expect folks like Steve Schwarzman to be on the agenda a lot of businessmen from this region but i have to tell you how far this will move the dial forward is anybodys guess were talking about some 50 billion in investment they want to see playing out in the next ten years, but theres the bigger question over why the israelis and the palestinians, both of whom refuse to attend this conference, the palestinians saying we cant be bought this is a sellout for us the question is can you have economic stability without a political solution many sides on this question. But most people saying theres no way to get that done. Well find out. Hadley gamble, thank you very much still on deck, President Trump preparing for an allimportant facetoface with chinese president xi jinping in japan. We will take you live to beijing next. And incredible video just moments ago in florida where elon musks falcon heavy rocket is carrying some questionable cargo into space but a very successful launch tas d decongp. Deilanvio mi u my mom washes the dishes. Before she puts them in the dishwasher. So what does the dishwasher do . Cascade platinum does the work for you, prewashing and removing stuckon foods, the first time. Wow, thats clean cascade platinum. The first survivor of ais out there. Sease and the Alzheimers Association is going to make it happen. But we wont get there without you. Visit alz. Org to join the fight. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Just four days until what may be described as the meeting of the year. Trump and chinas president ready to talk in japan as trade tensions remain high eunice yoon is live in beijing with what we can expect at the g20. Thank you very much, brian. The chinese would have something to say about the trade tensions were seeing currently the Foreign Ministry just moments ago said that the current trade tensions are due mainly to unilateralism, protectionism and bullying behavior china is the victim of many of the current trade restrictions so what were seeing now ahead of the g20 is a consistent message from beijing that china feels this whole process has not been fair and is not equal and theyre not really willing to put up with it anymore. Yesterday the officials, some of them involved directly in the negotiates said that for the trade talks theres a couple of principles they would like to see. A mutual respect, equality, Mutual Benefit and meeting halfway. So also privately ive been talking to one source of mine who is close to the chinese negotiating team and their way of thinking. I was surprised because he said there is still some wiggle room between the two between the chinese and u. S. Teams he said what theyre stuck on now, is that they dont like the idea that china wouldnt be able to retaliate if the u. S. Decided to impose tariffs. And also they still were g gobsmacked by the size of the purchases the u. S. Team wanted to have the vice premiere had a phone conversation with his u. S. Counterparts, lighthizer and Steven Mnuchin not a lot of detail as to what they discussed, the one thing the state media was quick to point out, it was at the u. S. s invitation, the u. S. Initiated this it shows how sensitive china is about making sure people know who is going to whom the u. S. Coming to china, they made that very clear. Eunice yoon, thank you very much. U. S. china trade tensions taking their toll on companies now an american giant is suing america over huawei. Frank holland has more on an incredible story around fedex. Good morning good morning. This developed last night after the bell fedex filed a lawsuit against the Commerce Department claiming new export restrictions are nearly impossible to follow. The suit does not name huawei but fedex has been caught up in the broader dispute between the urgs an u. S. And china the company apologized for misrouting packages involving Huawei Huawei and other companies were placed on a banned list in may fedex says this is an impossible burden on shippers to know the origin and content of packages the Commerce Department says they plan to defend its role in national security. Yeah. So this is a fedex story its one that will stretch out in the courts here doesnt look like a negative reaction on fedex. Not this morning. Yesterday the stock took a dip a lot of people think that was due to reported price cuts for its express division fedex said they kept their Pricing Strategy the same. A lot of other shippers have spoken out u. P. S. Says it has not had problems, but fedex has been very vocal about this saying the Commerce Department is trying to deputyize it, and even if they could inspect all the packages, that would be a violation of privacy. The guy who founded fedex, fred smith, hes a marine so pro america. Forget beyond meat mcdonalds figuring out theres money to be made beyond ice. Well explain that ahead. And bitcoin has been red hot. But theres one investment thats been even better this year you can call it the antibitcoin its your morning rbi and its ahead. Youre here to buy a used car, truck, suv. Thats smart. Truecar can help. Its great for finding a new car, but you already knew that. Its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. So no matter what youre looking for, there it is. This is how buying a used car should be. This is truecar. upbeat music thank you for being with us here stock futures are not giving a lot of indication of which way the market wants to go were down 10 points dont make too much of that. Its early if youre keeping track at home, the dow is 0. 4 away from a record high, thats 224 dow points crude oil is flat at 57. 90 ahead of that big and maybe contentious opec meeting which kicks off on monday. Lets check the other big stories outside of the worlds of money and business including a longawaited senate sitdown with some 9 11 heroes good morning to you the battle over Border Security is raging on in capitol hill the Trump Administration is facing fierce new criticism for filthy chronic conditions at some federal detention facilities on monday hundreds of Migrant Children were relocated from a texas Border Patrol center that lawyers called appalling and dangerous. Mitch mcconnell is expected to meet with 9 11 responders this afternoon after blistering criticism from jon stewart who accused the gop leader as using the 9 11 Victim Compensation fund the nba handed out their end of season awards with luka doncic taking home nba rookie of the year award the biggest award, the mvp goes to milwaukees greek freak who was drafted by the bucks in 2013 as a relative unknown, but now hes the third youngest mvp ever impressive just to have that title. Even more impressive when all of us in the country will be able to know his name, say it, let it roll off of our tongues. Yes we will. And maybe probably the coolest uniforms in the league, the Milwaukee Bucks become on the map. Thank you very much. When we come back, trump hitting iran and its ayatollah with new sanctions will they work or potentially lead us to war the bitcoin breakout, tom lee is here for what he sees as the hottest investment in the world this year. The first survivor of alzheimers disease is out there. And the Alzheimers Association is going to make it happen. But we wont get there without you. Visit alz. Org to join the fight. Dear tech, lets talk. We have a pretty good relationship. Youve done a lot of good for the world. But i feel like you have the potential to do so much more. Can we build ai without bias . How do we bake security into everything we do . We need tech that helps people understand each other. That understands my business. Weve got some work to do. And we need your help. We need your support. Lets expect more from technology. Lets put smart to work. Could today be the day that the dow finally sets a new record high . Bitcoin busting out, higher again right now. Dont you dare call it a comeback tom lee is here. Theres one investment even hotter than bitcoin. It may just be the antibitcoin. Heres your mystery chart, its your rbi on this tuesday, june 25th as youre watching Worldwide Exchange on cnbc its the 25th day of the crazy month of june. 5 28 welcome back thanks for being with us on Worldwide Exchange. All right. So will today be the day you may have heard about the record highs the s p is there the dow, 224 points away thats 0. 84 away from the alltime high. Futures not giving us any help theyre down 10, call it flat. Bitcoin, banking coin up again right now. Tom lee will join us in a moment look at that breakout. Up 205 yeartodate and if you wonder why bitcoin has been so hot, because theres a lot ofbuyers, this is bitcoi versus the dollar index. The dollar index is in orange. The dollar has weakened a bit over the last couple of weeks, as bitcoin has broken out. They track together for much of the year i get that lately here, we are seeing kind of a divergence there. Guess what as the dollar index has moved down, you know whats moved up gold com comex gold trading with bitcoin. Often seen as competitors, but theyre tracking together. The gains are bigger, but sort of the relative movement of the two have been about the same lets talk more about this and the big bitcoin breakout joining us now on the cnbc news line from some farflung place in the world is fundstrats tom lee. They were giving you grief, tom, how good does it feel to have been right about bitcoin well, it feels good because, you know, bitcoin has proven its not broken. Its fallen 80 , its been rezil he yent every timresilient evere it traded above 10,000 in h