Holding in there at 16. Generally speaking, if it was down on last week, its up this week and vice versa. Vice versa, like the weather. Problems with tesla in hong kong meantime, millenials still love the stock. A look at why and well bring you the rest of the millenial musthave stock list as well. Plus, binge analyst dick bove says why hes bearish ahead of earnings kickoff favorite time of the season. I do like the anticipation and once it happens then what happens kind of all right. This right now feels like the exciting one got the Big Bank Earnings and big tech, United Health care is going to report. Well learn a lot in the next ten days. And happy amazon prime day coming up tonight. We start with the Amazon Effect hitting shares of best buy on reports that amazon is developing a geek squad competitor Courtney Reagan just back from italy has details for us. Hi there, bill. Go to see you. Amazon has quietly been building teams of Electronics Experts to offer inhome alexa training and smart home installations in fact, its quietly been rolled out in several markets, and thats jumping all over best buys geek squad turf, and tonight at 9 00 p. M. Amazon kicks off its third annual prime day stealing extra market share from everybody else, all the other online competitors so for 30 hours prime members have access to hundreds of thousands of deals in three more countries than last year for a total of 13 last years prime day was amazons biggest day ever. This year analysts estimate amazon could pull in between 860 million to 1 billion that would be a 35 to 56 increase over 2016 now, while most of the deals are still under wraps, amazon has released pricing for its own devices. Top sellers on last years prime day. Nerd wallets Courtney Jesperson says they have outdone itself with these deals so the amazon echo is 92. 99 50 off regular pricing. 139. 99 on black friday the echo dot 34. 99 that in fact is the lowest price that amazon has ever offered the kindle paper weight will be 89. 99, ten bucks less than what we saw around black friday amazons devices may be the marquee items, but according to ken khoe and the last two fridays amazon shares fell 2. 4 on prime day placement will be key. A former amazon employee, now ceo of boomerang commerce, says that products that come up on the first page of an amazon search capture 90 of purchases, so thats where you want to be those are the ones well be watching tomorrow. Bill and kelly. Thats a great point, not just for prime day but in general. Definitely. Remember how we used to talk about getting the placement on google if you get the box on amazon, if youre on their first page of results, it feels like where Everybody Needs and wants to be. 90 of the market share for that search item will be captured first three items will get somewhere between 60 boston and 70 . How do you get there its sort of one of those chicken and egg games. You have to have a lot of sales. Have to have a lot of reviews, ideally good reviews and make sure that the search terms are full of what customers can see and on back end for the sco searches, a complicated algorithm. Not amazon choosing it but has to do with the better your sales are the higher you are on the search list. I had an idea where are they going to put the geek squad members how about whole foods. That could be a home base who is to say they couldnt car of out a piece of that real estate for Amazon Home Services experts, servicing the electronics or other things that they do. Remember, amazon has Handyman Services and other things, too a much more smaller and fragmented but certainly they need a place to be i think youre on to something. They have a handful of bok locations where they could have hundreds of people come. Thank you, both lets get to our Closing Bell Exchange a pretty narrow day. The douch trading range 75 and its been one of the days for the u. S. Exity market. By the way, dont adjust your set, sarges voice is the way it is rooting for the mets too much this weekend and Rick Santelli is at the cme in chicago so sarge, a quiet day. With volatility last week, a couple big rallies and one big selloff and today the market rests. What do you think is going on here weve got janet yellen and then weve got retail sales, the cpi, business inventories and industrial production. All the events that will happen this week are still in our future today fayettely well work a little hair based on right now youre saying it would come in 24, 25. By the way, the small tech caps are weaker today. We believe informing are where we want to be positioned its a contrarian but we dont see investing in infrastructure as a story about the oil price going into earnings season we think it will be a strong time around financials, particularly the asset managers, so they have been out of favor. We all know the story of technology being a bit played out, and obviously the retail disasters were seeing on our screens today but its a great play. Last week, at least, they have pulled back a by the. Our 2,000 equals have they found eke libbim i this do i these possible they toyed with the r 10s getting close to 60 basis points in boons know, i have, that can make a because its boston going to be the implementation of the start date, draw dawns and that will be key that will be something that mar crow draghi and the ecb pay close attention and react to how the market reacts and mario draghi will have a hard time organizing harder than janet yellen she didnt have all the Interest Rates in the var excountries of southern europes paper to deal with in the process and all the kind of rules that they try to get around that govern exactly the ecb can do n this. For an exhank, bill. You know, i urge traders to watch the euro and dollar yen. The yen is going to be the currency that suffers against both the currency, the dollar and the euro, especially keep an eye on 114. 30, a very important level. I know you mentioned at some the harder hit sectors gm financials, but to ricks point of janet yellen testifying, if youre of the mind she tonight get we appointed. Is it significant that they are trying to get the Balance Sheet down and the bet whats ahead i thenld every single time. Chairman and her team going on during the Obama Administration to be or dovish than it was kehl graph an right noel they have a legacy sitting actually by celebrating that move with Balance Sheet and i think there will be an impact from that. The question is how much the markets are already expecting that that issue of surprise from central bank its been a very long time since they have actually surprised us, and i suspect that well see some of that have in advance of her term potentially coming to an end. You and i usually get a chance to rest im just curious with the retail wreck that continues today the reporting out earlier that the bottom ten of the s p are all Retail Stocks today. Do you see any taunt in that sector yes sure, i started paying well mart last year a few weeks ago i brought it become to rently, looking to peeve up on wall street. All right, very good. I cant receipt to transcript of that interview. Sorry. Appreciate your thoughts on todays market action. Heading to the close with about 40, 50 minutes left in the trading session. They just moved everything up there, including the clock the dow is up 19 points. Teds la h tesla has been losing favor with investors lately but millenials still love the stock. The executive Vice President of trading will tell us which other stocks millenial collins are buying these days. And citigroup predicting oil could hit 60 bucks by the end of the year well debate whether oil has bottomed or whether the supply glut will continue to push prices down. Contact us here on twitter, facebook, email us. So many ways to reacouh t. Youre watching cnbc first in business worldwide. Welcome back we begin with a news alert out of washington. Kayla tausche. Whats the latest . Reporter an offcamera briefing here at the white house started with a white house guest, mark short, the president s director of legislative affairs. He was speaking specifically about the obstruction, to use his word, going on with the stonewalling of various white house nominees, but the questions from reporters centered on the legislative agenda, specifically tax reform and Health Care Reform, and on tax reform specifically he gave a little bit of an earlier time line on that front he said that he expects that the schedule that they are working with, that the white house, senate and the house will have an agreed upon tax reform bill by the august recess we have heard treasury secretary Steve Mnuchin and gary cohn, the white house economic adviser, want a fullblown release of tax reform, a markup of something publicly starting Early September, but it sounds like the white house is expecting to have the tenets of tax reform at least finished by the Time Congress goes out for recess in august of course, that is an extremely ambitious time line, especially given the will hundredpound gorilla in the room right now hand that, of course, being health care. He said on that front he is still confident that that will pass he said he believes the opposition that republican lawmakers were expressing when they were in their home districts over the last week was based on their displeasure for the previous draft of the bill and he said theres been significant changes that have been made that leads him to be confident that this will pass, but, of course, that is the signature optimism coming out of the white house. The real heavy lifting will have to done been Senate Majority leader Mitch Mcconnells team over on hill interesting developments and interesting goal post moving on behalf of the white house with regard to tax reform kelly. By the way, kayla, because it seems hard to process all of this with health care up in the air. Whats the latest in terms of the timing there of any possible bill well, it is moving slowly behind the scenes. Earlier today on cnbc, pennsylvania senator pat toomey said he expected the new bill would come out today he was pretty sure of that, and then when i started speaking to some senior aides around the hill, they said it would be tomorrow at earliest and now im hearing that it will be early this week at best and then Senate Majority whip telling the hill earlier this afternoon hes hoping for something by the end of the week so clearly theres a lot of noise happening it doesnt really seem like anyone outside of the Senate MajorityLeaders Office can say for certain exactly when this will be coming out. Kayla and i were emailing about it today several sets of goal posts on Health Care Reform right now. Exactly. Thanks, kayla well see youer. A look at some of the days market movers. Costco shares are trading lower after bmo stock cut the price targets from 160 to 115 and its trading at 151 citing amazons deal for whole food despite costcos strong fundamental outlook and apollo announced it would buy the golf and country club owner for 41 billion, a 21 increase over club corps Closing Price on friday, and today it is up more than 30 . Ever played at club corp . Course . I dont know how prominent. Not sure how prominent it is. Tesla shares continuing to struggle even as elon musk shows off the first Production Model 3. Lets go to phil lebeau. Reporter not too often that you have somebody tweet out a any puck tour of the new model and it sends everybody crazy out on twitter eamon musk tweeted out the first couple of pictures at the model 3 built at the plant in fremont. They complete it had on friday and showed these pictures on saturday over twitter. Remember, the first model 1 deliveries, 30 of them, they will happen on july 28th and then weve talked about it at length they will be ramping up production through 20,000 as a pace of production in december thats how quickly they will be ramping up production this year. Meanwhile, were you look at whats happening with tesla in china which is going to be the largest market eventually for tesla vehicles, and its already one of the bigger markets, they have had no sales in hong kong in the month of april. There were none in hong kong in april. Why . Hong kong was instituting a change they took away a tax credit for electric vehicles, and as a result deliveries for teslas evaporated, but theres a little bit of a back story here in a statement tesla says when the Hong Kong Government reduced the Tax Exemption for electric vehicles and increased the cost of our cars by nearly 100 , its to be expected that demand will be impacted in the period immediately following the change, particularly because of the large number who bought just prior to the change being implemented. How big was the number of people buying right before the end of the ev tax credit in the this chart says it all. Almost 3,000 deliveries in the month of march, so, guys, this headline makes people say, ah, here you go. Nobody is buying in hong kong. Keep in mind in china there are different districts that sometimes will either extend or or end a tax credit for a particular type of vehicle, especially electric vehicles, and when that happens youll see deliveries fall off very quickly or ramp um, and thats what we saw in the case of hong kong as you take a look at shares of tesla, fractionally lower today. Guys, back to you. After having been lower earlier. Very interesting. According to Td Ameritrade the electric carmaker is the fourth most popular stock among millenials to hold, but it doesnt even crack the top ten for the total population of Td Ameritrades clients. Which basically confirms everything that you think you know about teslas investors joining us more is the executive Vice President of the trader group at Td Ameritrade nice to see you again. Welcome back. Thanks for having me. Do the stocks that millenials hold correlate with the top tech brands we finished a lookback in terms of it engagement of our entire client base and then we looked at the millenial segment as well. The main difference is most of them are very interested in technology, but the biggest difference would be the dividendyielding stocks theres three of those in the top ten in the main population and you go to the millenials and they are replaced by the tes las and netflix and amazons which isnt a real surprise when you think about the amount of time that they have to invest and how they want to be a little more aggressive in their stance, whereas in, you know, the general population their duration of investments is a little shorter so they are interested in the income. Exactly, right. So im looking at now specifically june and what your clients bought amd, ford, at t, verizon i mean, they were all over the map here, werent they kind of all over the map. Its been interesting. We actually went back and looked at the last year so we publish this every month. Right the nasdaq stocks, the f. A. N. G. Stocks, have been the market leaders 9 of 12 months. Right. They are trying to hand the torch off and nobody will take it. Yeah. Is it going to be energy, financials financials took it for a month and then they immediately hand it had right back. Telecom certainly not. And if you look at the two biggest days that we h this year, may 17th and june 9th. On those days we had 2. 5 move in the nasdaq. That tells you, you know, what you need to know. Were those selloff days. Well, actually, may 17th was a selloff day. June 9th we started higher it was a friday and then we sold off into the close mainly the nasdaq, and it just drove really big volume. When the nasdaq sells big, do you think people are coming in to buy i think they are taking it as an opportunity to replenish the supplies of the stocks they get these stocks like facebook and apple at levels that they really find attract sniff. The other stocks they bought in june here, tesla, facebook, amazon, apple, exactly what were talking about. How about some of the names that were sold and they include the financials. They include the financials what people are saying they are ahead of the banks all passing, 34 of them passes, and they saw a nice rally and then they rolled right out ofthem. The other two that were sold was whole foods and that was sold because they saw monstrous gains. The profits. And that was sold for not good reasons you know, they are the manufacturers of of cheats that were put in the building there. They sold American Airlines they sold bank of america. Yeah. And they sold bry Bristol Meyers squibb. A little uncertainty with whats going on with the aca, our clients generally speaking, highest number weve had since we started this in imx imx, how engaged are we in the market, the exposure and how confident we are the highest number weve seen. In the last five of the six months they have been pretty aggressive buyers of stock. But not blue apron. We heard that there was millenial interest in snap, but you werent seeing that for blue apron. Snap was really powerful interest the ipo is known to young clients. They bring a lot of younger clients in, and we see it in a number of ways normally we would see 22 of our trades done on a mobile device thats about 100,000 trades a day. They would trade 46 of their trades on a mobile device. Wow. They also trade if i trade snap, 75 of the people who trade snap also trade facebook and they trade twitter, so they all trade the same. Social media. Exactly. Thats how that works. Always good to see you. Thanks for having me. By the way, apron is just a little bit higher today and struggled out of the gate for its ipo. About 4. 5 today. The market is holding on to a small gain and so is the s p 500. Transports lower after hitting an alltime intraday high. The russell is lower and nasdaq up 26. Coming up, well de