That key 3000 level again. Joining us for the entire hour nancy tangler from tangler wealth management, welcome, nancy. Thank you, sara. We are seeing a nice rally on wall street. What are you doing right now what are you buying . Still focused on the consumer the china news is good but i dont expect us to get a deal soon u. S. Consumer. Yes, thank you. Although china did pretty well according to coke. Yeah, great interview by the way. Thank you mcdonalds, home depot, starbucks, those are some of the names we like in the consumer space as well as coke, one of our largest holdings. Who do you think likes the bachelor more i didnt know tyler was a fan. Im a super fan. Anyway lucky were getting that show on cnbc. Theyre one of the best couples. The new show. Oh, theyre from the bachelor. Im lost. Kayla tausche and seema mody has United Technologies and josh lipton has details on potential app de apple deal in the works and diana olick. Kayla, lets start with you. Wilf, theyre expected to negotiate since the g20 with sources saying the talks will take place between the start of congressional recess this friday and chinas august 1st holiday some reports say u. S. Officials will leave monday. The talks are looking for compromise on two front, President Trump wants china to buy Agricultural Products in exchange for relaxing the business ban for huawei. Longer term the white house will dial back tariffs if china codifies this deal into law. Now, recently white house officials have signaled even though President Trump is inclined toward a deal, that latter item getting china to make this a law and legally binding could take several months and theyre trying now to shift the focus of the conversation here in washington to the new nafta for the next couple of months, wilf kayla, thank you so much. Either way it helped markets get to session highs in the final hour, just off them, up 170 points on the dow. Earnings and one of todays big winners, the big winner, cocacola and, sara, has all the highlights coke surprised wall street with more growth than expected 6 or gangic Revenue Growth. Very strong. On a mix considered healthy. Higher volume and pricing driving that growth. Coke saw strength around the world especially in asia why . Well, theyre doing better marketing like the new Stranger Things new coke promotion they have andinnovahions. Multiple years of good growth rates and multiyear growth and a sign that the transformation of our business being more consumer centric, more innovation and marketing led and being faster and more nimble with our bottling partners on executing is really bringing together increased momentum across the business system. Some other takeaways from the quarter. Coke zero sugar still growing double digit, seventh quarter in a row. Currencies are painful nine points off the earnings per share but executives say that is going to look better in the coming quarters. And for you, wilfred, costa coffee ref ready to drink. Its been touted the executives, James Quincey is excited about how they have tested out in early markets an they look to expand that new innovation thats a big part of the new growth story at coke and also at rival pepsi. Pepsi really seeing the story play out in snacks but both have new energetic centres driving faster change, increased marketing and leading to better results in the market and in the overall performance of the companies. And in terms of this flexibility that theyre showing now, i mean, how stark is that to pepsi or is that something that theyre all what do you mean flex jblt. The ability to adjust rather than being in mammoth Goliath Company they made a huge change that was started but executed by James Quincey spinning offer bottlers which made them faster and will ultimately make them more profitable so theyve sort of gone through this transition year and are now coming out the other side and starting to see the benefits pay off and as a result, thats why you hear quincy talk about execution and being faster to respond to the consumer environment in terms of new innovations and ramp up marketing and sort of hearing the same message out of ramon lagart out of pepsi. Why do you like coke over pepsi . Quincy has proven a great ceo can take a moribund brand and reenergize it he got the government off his back for high sugar content. It was a brilliant move and seeing it come through in the organic growth. Up 6. 3 , leads the dow. United technologies also beating on the top and bottom lines and seema mody has that for us. Less than a year after their purchase of rockwell theyre posting better than expected results. Aerospace aftermarket benefiting from the grounding of the 737 max jets analysts pointing to higher demand for maintenance components and repairs for older planes executives say united tech is on track to break up the company next year and defended its plan to merge with defense contractor raytheon despite pushback and ago advice investor dan lobe. Another big dow winner. Biogen higher after reporting earnings before the bell and meg tirrell has the story . It was a guidance raise driven by outperformance of its key multiple slower rose cyst drug franchise. After a major alzheimers trial failure in march, investors have been waiting for details on a new direction, especially potential m a. Though some like Jeffrey Holtz says it may be in the cards and wasnt all rosey one of its newest drugs missed numbers and sent ionis lower. Switching gears from earnings to two deal stories in the tech world. Lets start with josh lipton on reports of an apple intel deal what do we know . Apple is reportedly in talks to buy intels smartphone modem chip business. This deal is valued at 1 billion or more for patents and staff and checked in with ben of Creative Strategies and giving the company the necessary patent, i. P. And talent to help develop its own 5g modem instead of relying on a single supplier and apple building its own modem could be bad news for qualcomm even if apple could scale a ag modem business inhouse its a longterm threat taking perhaps as long as five years to really build out. Guys, back to you. I was going to say, josh, for 1 billion it doesnt seem like there they can be acquiring much immediately. How much do they spend on these types of chips annually. So, interesting we talk about 1 billion. Apple doesnt do big acquisitions often its biggest ever 3 billion for beats. 1 billion is a pretty big acquisition. Apple is looking for if these are accurate, a ag modem get it off the key supplier and they have a history of bad blood. Interesting when you think about intel they told us in april theyll continue pursuing 5g technology but get out of the 5g smartphone modem business because they didnt see a pathway to profitability if apple pulls the trigger on this, its because they see some value in those pallet tents but must figure too once we bring that inhouse through r d and integrations maybe we can mitigate losses. You own apple and intel, i believe. I do. Do you like the soft of strategic idea behind the deal. I do. I think tim cook has been consistently underestimated by the street and analysts. If it doesnt work it doesnt matter because they have 113 billion schroeder in cash. Youre trimming your apple. On strength, yeah its almost 5 of our portfolio so thats i mean were forced to do that as prudent Portfolio Managers but, yeah. But nothing youre not worried about anything coming up in the quarter just purely size and the runup i am never not worried. But i own the stock for the next three to knife years so there are low expectations for this quarter. Though the stock is pricing in a Pretty Healthy expectation overall. Still off its highs at 220 earlier this year. Okay. Josh, thanks for that. Now amazon making a deal of its own teaming up with Real Estate Brokerage realogy on a new partnership. Diana. Shares are soaring on at announcement the partnership uses amazons powerful website to drive buyers to realogy owned brokerage like coldwell banker. Buyers go through amazons turnkey portal, connect with a realogy agent and when they close on the house Amazon Home Services gives them up to 5,000 worth of Free Services like painting or cleaning or products like the ring doorbell so amazon grows its smarthome business in a headtohead battle with google back to you guys realogy, there we go, not realologj. Amazon steps into the space and everybody gets scared. Very scared or excited s it a step into amazon actually listing homes . I asked the realogy ceo whether he thought you would see realogy listings on amazon and he said we have not had that discussion. Amazon said not now but didnt say anything about the future so the question is, you know, with everything else, will homes be listed on amazon i think thats the excitement around this. Diana, thank you very much. Nancy, you owned both of the last deal players but you dont own both of these. One. Amazon, we personally dont own it for clients the valuation is rich. Its brilliant for the millennial buyer i just dont think millennial buyers are buying a lot of homes. I think they will. I think its exciting. I love the idea of walking into a new home, smart home with fully, you know, stocked issues from items from amazon so i think its exciting and interesting. I just dont know when youll monetize it if youre realogy. Okay, nancy, thank you so much of course, with us for the full first hour. Snapchat has been the darling of wall street all year long up 150 but will that continue well get results from Parent Company snap along with chipotle, visa, Texas Instruments and more after the bell. Plus, teen retailer American Eagle plans to expand. More on that. Our data tracker, the philly fed nonmanufacturing index came in 21. 4 in july up from a reading of 8. 2 in june and june existing home sales did fall 1. 7 missing estimates of a drop of 0. 6 . Closing bell will be right back dow up 177 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. Wiswitch wireless carriersn bring in your own phone, and save hundreds of dollars. Its pretty much the easiest way to save since sliced bread. Sure is. Because savings is as savings does. And sometimes youve just got to stop and smell the savings. Im sorry, i think you mean roses. Oh right. You need to stop and smell the roses of savings. Bring in your own phone, switch to Xfinity Mobile and save hundreds of dollars a year. Now thats simple, easy, awesome. Get 100 back when you bring in an eligible phone. Click, call, or visit a store today. 45 minutes left of trade were not far from the session highs up 175 points. 0. 6 on the dow. Lets send it over to mike for todays market dashboard. Hello, wilf well start with one word, plastics or plastic. Well talk about the credit card stocks actually. We can rebuild him thats next. Thats about spare parts of a sort and then falling with style. A little bit of slippage below the surface of the market. Well give you numbers even a run to the daily highs and retired investor on a pension, a look at why pension underfunding is driving Financial Markets right now. So lets look at the plastics. These are the credit card issuer stocks well hear from visa with earnings a consensus glamour stock. Everyone loves it because of use of cards and issuers have done very well relative to other financials, discover financial right here, American Express and si sinchrony. Regional banks suffering in comparison Consumer Finances look okay. Wages and spending look fine its not helping the retailer. Its not helping the core banks but issuers are doing well i did want to look at a longterm chart of American Express to put it in a broader context. Over 30 years these are the starts of recessions right here so you always had American Express topping and falling ahead of a recession, sometimes not by more than a few months but it always happens so that American Express at an alltime peak is a little inlation against imminent recession fears, guys. Im trying to figure out the rest the graduate is the first quote. Im trying to figure i bet nancy could help. One of them is a tv show, not a movie. All right oh, plastics. Plastics is the graduate. Sorry im behind always one step. You have 43 minutes well look at the other themes in just a moment. But what sort of message are you getting from the credit card stocks. I own visa and American Express. Theyre pretty woman rich in terms of valuation but you cant find the trend we are moving away from cash and checks obviously to cards and its interesting that the company didnt spend a lot of time on hasnt spent a lot of time on libra. That will be interesting to hear about the call to see if they talk about it. Well wait for results after the bell Boris Johnson officially winning the race and will take over as Prime Minister tomorrow. Heres what he said following the announcement of the results. I say to all the doubters, dude, we are going to energize the country. Were going to get brexit done on october 3 9 and take advantage of all opportunities it will bring in a new spirit of can do it was a pretty good acronym, i have to say. What does it mean for the markets and brexit. What does it mean for brexit, sara its true to say the new Prime Minister has promised to leave on october 31st come what may so the chance of a no deal brexit has risen but what has not changed is the makeup of parliament where the math remains against a no deal brexit importantly, parliament goes into summer recess on thursday, giving johnson six weeks or so of breathing space if over the summer johnson miraculously improves the deal, the eu is offering, perhaps that brexit deal is passed by parliament in the fall if not, if he really is set on leaving without a deal on october 31st it is likely the parliamentary math will need to change, i. E. , a general election whether he calls for it or it is forced upon him. Now, sterling down a little. Much weaker in recent months as it became clear theresa may would be leaving and Boris Johnson would be arriving, that fact confirmed earlier today. I feel like expectations are lower now that he is Prime Minister because he was a brexiteer and threatened to leave october 31st deal or no deal thats not something we heard as strongly from Prime Minister may so the fact that its a hard brexit is filly on the table, right . 100 . But that had already been priced in in recent months why sterling only fell 0. its fractionally above recent lows briefly below 124 but at twoyear lows and paints the picture that at the moment i dont know. It could go down to parity if they which is why its highlighted, the markets base case expectation is not no deal. The chance of no deal is higher than it has been because a Prime Minister with his rhetoric says its possible and the math means it hasnt priced that in yet i dont think hell see a real crunch point in the next few days then parliament goes into recess until september, so hes got six weeks to travel around europe, try and get movement on the deal if it he doesnt when he comes back in september theres going to be a lot of pressure on him. The lib or unite, defeat, energize, dude. Td ameritrade surprising the street announcing tim hockey will leave in february of 2020 well talk to him in a first on cnbc interview. Citigroup adjusting numbers on tesla that and other stocks coming up. Why go with anybody else . We know their rates are good, we know that theyre always going to take care of us. It was an instant savings and i should have changed a long time ago. Were the tenneys and were usaa members for life. Call usaa to start saving on insurance today. Welcome back to closing bell. Just over 45 minutes until the close. Time for word on the street. Bank of america upgrading Columbia Sportswear to buy but the 130 price target, the firm citing valuation which is in line with its peers like nike and adidas, bank of america sees opportunity for footwear which offers strong visibility for longterm growth they say at columbia. Jefferies out with a note on wayfair. Marriage is tough but registry doesnt need to be uniquely positioned to capture market share in that space especially its competitors like bed, bath beyond and macys struggling jefferies reiterating a buy rating not moving the share price. Citigroup maintains a sell rating on tesla. Citi seeing gross margin is the key metric to watch. They havent changed the price target of 191. About 25 downside from here and as i said earlier still maintaining the sell rating which, i guess, its an upgrade but doesnt move at all. Fair a bearish. Every time i ask you about tesla you say you sold out of it. We did. Actually at the beginning of 2018 so we bought in 2016 when i think i was on set with you the day of the bong whiskey videotape avideo. It went quickly from investing to gambling with that Management Team and lack of oversight from the team so im out no matter what. Even though the results have been theyve been better but we sold in the 320 range and bought in the 180 rank so i dont feel i dont have any fear of missing out in this particular case because i got nothing to hang my hat on. By the way its up 1. 7 reports earnings tomorrow after the bell. Who knew you could register at wayfair, very useful. Very exciting register is when you get married then you can choose im aware ive had to buy shed loads of gifts despite paying for plane you shed shed loads. Shedloads could be misinterpreted well, thank you for clarifying it for me i said shed loads. Anyway weve got 34 minutes left and were back near the session highs up 182, the