Record high for a ninth straight day. Were up 11 points right now and if youre keeping score it would also be the dows tenth straight game. Nine records and ten games, and the s p is in record territory. The russell is not though. Hand neither is the nasdaq. But it is coming back today strong. So we are keeping a close eye on all of those and the possibility of more records being set today. All of this despite increasing tensions between the United States and north korea after the u. N. Imposed new sanctions on the rogue nation. Coming up, weve got the latest on north koreas threats and whether they could derail the rally. What it looks like from here. Yes all thats happening and, of course, the vix falls below 10 today. It takes a lot to spook the markets these days. Crazy. The sense of calm continues. And more earnings cbs highlighting todays after hours reports. Tonight, instant analysis of all of those numbers and a debate on whether you should be buying or selling what used to be called the tiffany network. Peter costa remembers when they used to call it that, right . Lets start with nocks threat to retaliate against the u. S. After the United Nations imposed those new sanctions on the rogue state over the weekend. Kayla tausche is down the road at president trumps resort in new jersey are we calling this the northern white house . What is this its the summer white house, bill maralago and palm beach is the winter white house the president has been here since late last week, but National Security issues are quickly coming to the forefront of whats being called the president s working vacation this summer. This is the threat from north korea as intensifies the president spent roughly an hour this morning discussing the issue with his chief of staff, retired general john kelly and secretary of state rex tillerson. He also took a requested phone call last night with president moon of south korea. Details of both of those calls are unclear as are the next steps for the u. S. Following that unanimous vote over the weekend on new and tightening sanctions on north korea by the u. N. Security council. Tillerson in asia told reporters that the u. S. Is open to negotiating, but north korea would need to cease its missile tests in order to do so. They can demonstrate they are ready to sit with the spirit of finding a way forward in these talks by no longer conducting these missile tests, so this is not a give me 30 days, and were ready to talk. Its not quite that simple reporter but to say that north korea ruled that out is probably an understatement speaking at the same conference in asia, north koreas foreign minister said the country would never bring its Nuclear Program to the negotiating table, and its ready to teach the u. S. , quote, a severe lesson if the u. S. Takes military action north korea, of course, not the only issue simmering of late though Deputy Press SecretaryLindsey Walters told the president that he would be visited by Senior Health care advisers to discuss taxes and health care. Theres a deadline on saturday by which the administration has to decide whether to keep paying Health Insurance companies to provide obamacare plans and then, of course, a tax plan expected out sometime this fall so theres still a lot of work to do on this working vacation guys yeah. The president says hes still at work, making calls and taking meetings it is too rainy today for golf kayla, thank you. President trump tweeting yesterday, just completed a call with president moon of south korea. Very hammy and interested with 150 United Nations vote on north korea sanctions. Joining us to talk more about the implications and effectiveness of the sanctions, scott simen is with the Eurasia Group where they focus on north korea and you dont have sweaty palms over the sanctions and everything why . This seems to be they are stepping it up right now on both sides, but youre not worried, why . You know, if i had sweating palms every time the north koreans threatened to turn the u. S. Into a sea of fire id have to take showers i guess more frequently than i do. I agree, but eventually they are going mean, it dont you think . Well, what they are saying is they feel as if the u. S. Is preparing to invade north korea and overthrow the regime thats the narrative that they are spinning, so everything that they do, they say is only in response to the kind of the bellicose behavior of the u. S. Or south korea or japan or any of their of the other allies. So i dont think its necessarily significant that were seeing more of that rhetoric however, these sanctions are designed to really squeeze the regime and make it much more difficult for it to get the kind of money it needs to continue its Weapons Development program, so there is more pain being dished out and the north koreans are starting to really feel more cornered. Lets talk about that, scott. For an expert on the regions economy, this sanctions bill, as i understand it, target their exports. How big is their export sector what sort of products are we talking about . How big of a Financial Impact is it going to have real re, is it going to be 1 billion wound that cripple think ability to keep going with these missile tests . So the figures that were working with are that had the exports coming out of north korea amount to about 3 billion in hard currency every year. Thats, you know, the best estimate that we can come up with and a lot of that is coal. A lot of that have is iron or. These are all things that are currently being banned under the new sanctions regime that they put in place they do all sorts of other kind of interesting exports like statues. They make really amazing large statues that are that are put up in places all over the world, and thats one thing that they have moved to restrict, so, you know, there are a lot of ways that the north has found to diversify what it sells the world and to find any customers that make it difficult to keep squeezing them with these sanctions, but, if in fact were looking at maybe a third of that money disappearing every year, then it will be tougher for them to spend money on weapons. But as we all know a wild card in all of of this is china which to this point has been reluctant to pressure pyongyang anymore than they already have, even though the United States has threatened china with trade sanctions at the same time so even though the u. N. May impose these onerous export sanctions on north korea, china could make up the difference for them, couldnt they . They certainly could. Theres a lot of monitoring going on, certainly much more than weve ever seen before, using satellite imagery and oftentheground resources to make sure that these sanctions are not only put in place but fully observed, an one part of the new sanctions package on saturday was a requirement that within 90 days the signatories to it, the people of the countries that approved it have to provide information to the u. N. That describes their efforts to comply with the new sanctions, so nothing is foolproof, and as i mentioned north korea is incredibly ingenious in finding loopholes and new ways to get money. Right. But its getting harder and harder for them to get away with things. Scott weve got to run here, but im curious. Very quickly before we go. When will you get sweaty palms i will get sweaty palms i think when were seeing some sort of military buildup in northeast asia, where were seeing a lot more movement of u. S. Troops, materiel. Were seeing more plans put around, evacuation of the u. S. Citizens in the area. Okay. Were not seeing any of that. So, you know, a lot of rhetoric and preparation and planning seeing missiles launched that can possibly reach los angeles, seattle and denver that sounds scary enough. They have to be able to survive reentry and carry warhead and have to be able to hit a target they have longrange missiles now but the other capabilities are still something they are working on. All right scott seaman of the Eurasia Group, thank you appreciate your insights. Thank you lets get to our Closing Bell Exchange. A slight up day today, and were headed to record territory for the dow and s p. Chris johnson from Johnson Research joins our Closing Bell Exchange today weve got New York Stock ExchangeTrader Peter Costa from empire executions and Rick Santelli joins us from the cme in chicago as well you know, i read your notes, peter, the way i read Federal Reserve notes. I comb through them. Thats the best compliment you can get. Thats great. I noticed a slight difference, and you know where im going with this. Absolutely. In the past you said you were shorting this market the latest note says youre not shorting this market. You know what, youre looking at the supposed goldilocks market and its really not too hot, its not too cold the fed probably will be putting offration rates until december, i think, if not later, and earnings have been Getting Better and better and theres momentum in earnings. Youre not ready to buy yet. You know, im always looking for a bargain, you know. Thats and i havent been able to find any, so i do think theres going to be some sort of pullback its just natural. Part of the evolution of a market there will are some pullbacks. On a pullback ill be back in the market because i do think Going Forward to 2018, i think the market is going to do a lot better next year. Chris, if earnings are the driver here for stocks, i wonder how were going fare this week getting media earnings today with cbs, under pressure with cordcutting and at the end of the week Department Stores like nordstrom and macys and jc penney is the market going to get through this leg of the earnings season and continue to make new highs . I think it is actually. When you look at the Retail Sector rights now, thats the most hated one out there look at best buy, they knocked the cover off the ball everybody was on the short side of the market with best buy. Analysts hated the stock it took off. Its an exact mirror image that have situation right now for a lot of these etailers. Technically they are turning around and they are improving. My fear here though is when you look at earnings, historically youll see a little bit of a runup, usually about half had a percent, maybe a percent in the week ahead of earnings on the s p 500 companies. Right now were seeing an average of 4 of a rally ahead of an Earnings Report, and all of those stocks, majority of them, its over 67 are selling off more than 4 after great earnings numbers what that tells me is when you listen to peter, too, the traders are out there and they are alive and well in this market weve got a lot of buy in the rumor and they are selling the news people are locking in profits. I have to agree. I think at some point the earnings scale is going to tip a little bit well get more of a correction thats going to be the time to start getting in this market is still a little bubbly. Meanwhile, rick, you know, we were just talking about the standoff with north korea right now, and even with all the heavy duty rhetoric here, the dollar index continues lower today. The yields on the treasury are steady here. Is the market telling us not to worry, or is it still in some sort of monetary baseinduced coma here . What do you think is going hon well, i think its impossible to read geopolitics out of Market Pricing these days. I just cant do it it was difficult in bigone times. Its number more difficult these days, especially considering the state of volatility, but i think we have learned something. We had two pretty decent backtoback numbers with regard to employment. Friday wasnt bad, and what did we see we saw stocks continue to do better dollar index had a big day friday, didnt give it back even though its down just a bit and Interest Rates came off of what really was the beginning of a slide that could have tested the low yield close of the year around 213 not by much, a couple, three basis points i still say the stencil is in place. One thing i havent heard any discussion of is that the fed could be a little bit more aggressive than the market and many participants are thinking about it at this point, especially considering the Employment Situation i think if you have to watch one market, i would consider to say the dollar index will keep you on the right side of just about everything i think a key level to Pay Attention to, should we continue a bit of an upside right around 94. 5 were still well below that, but were threequarters of a cent off the low close thus far for the move one factor that some say are pressuring the dollar, i know rick doesnt agree, peter, is the political uncertainty. It is worth hitting, and the president mentions it often on twitter, the dow is up 21 since the election. Yes. What is the status of the hope trade on deregulation, Infrastructure Spending and tax reform at a time when were going into two very key deed lines around the government shut down and debt ceiling . So glad you asked the question originally that was the move on the market, the anticipation of all three being enacted within the year i dont think any of them are going to get done this year. What youve seen is the market rally on earnings, which is where the market should be you know, any time you see a stock reach its alltime high and its earnings are beating expectations and their Forward Guidance is beating expectations as well, i mean, of course, the stocks are going to go up. I think thats where the market is the market is betting on earnings continuing the momentum i dont think people believe that any of the president s policies or attempted policies are going to get enacted this year i think repealing obamacare has become a lot harder than they expected having sort of tax reform, i think its imperative, but i cant see it being done this year, and the Infrastructure Spending, that bill should have already been on the table and they should have start that had and they havent got to it yet. All right. These are coming up. Very good. Thanks, guys. Appreciate it. Peter, chris johnson. Thank you. Rick, see you guys all later. Thank you. Weve got 45 minutes left in the trading session here the dow trying to close higher for, what did i say, a ninth straight record. A ninth record and tenth session of gains, but its really the nasdaq today thats leading for a change, coming off of two weekly losses. Yeah. Youve probably heard of this antidiversity man photo written by a goggle executive that has created controversially in Silicon Valley and raises debate over why google doesnt have more female workers. Seeks shares are up 20 over the past year and flat sonar 2017 coming up well debate whether to buy or sell this media stock ahead of its Earnings Report later this afternoon. And want to hear from you folks, reach out to us on facebook, twitter, send us an email, call peter costa, whatever you want to do. Youre watching cnbc which is first in business worldwide. Times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Stay with me, mr. Parker. When a critical patient is far from the hospital, the hospital must come to the patient. Stay with me, mr. Parker. The at t network is helping First Responders connect with medical teams in near real time. Stay with me, mr. Parker. Saving time when it matters most. Stay with me, mrs. Parker. Thats the power of and. Plus signs across the board for the major averages and the dow and s p are in record territory. Nasdaq wants to be there the russell is not there, but well see how we close out this monday meantime, shares of Aerospace SupplierRockwell Collins have been surging on reports that United Technologies is in talks to buy that company in a deal that could be worth more than 20 billion. Shares of utx have been under pressure on those reports. Meantime, Teva Pharmaceutical shares have been falling after Morgan Stanley downgraded the stock from underweight to equal weight and slashed its price target to 16 from 36. Trading now at 18 citing generic drug prices patterns teva shares have plunged 19 since last wednesday when it reported weaker earnings and slashed its own earnings outlook. Sara its been difficult for that company. Google is responding to a controversial antidiversity memo written by a Google Engineer josh lipton has all the details. Josh reporter thats right, sara. The memo has upset many people here in Silicon Valley the Google Engineer who has not been identified argues that the lack of women in tech is due in part to biological differences between the sexes saying differences in distributions of traits between men and women may in part explain why we dont have 50 representation of women in tech and leadership some googlers were clearly angered by the memo and daniel brown, googles new vp of diversity saying it does not represent googles views were unequivocal in our belief that diversity and inclusion are critical to our section as a company and will continue to be committed to it for long haul. And the article also said the company alienated conservative employees, and the ceo