That's money starts right now.

Live from the Nasak Market site overlooking New York City's Times Square.

I'm Melissa Lear.

Traders on the desk are Pete Naderian, Brian Kelly, Steve Grasso, and Dan Nathan.

Tonight, stocks surging again today, but one top strategy says the Fed

cut euphoria has gone too far. Julian Emmanuel of E.T. I. G. will be here to explain

plus it's the biggest defense deal ever Raytheon United Technologies is merging for a combined value of more than $150 billion.

The Chart Master will tell us what it means for the rest of the group.

But first, we start off with the rally rolling on, and it's just like May was just a dream.

The S&P 500, about 2% away from all-time highs as a US and Mexico strike a deal over the weekend,

avoiding the terrorist President Trump had threatened and the big winner well

it might be a hot summer for retail the group on track for its best month since

January as it bounces back and the moves have been across the board. Online retailer StitchPix Valle in 22% just this month,

Under Armour Up Double Digges, Walmart hitting a fresh 52 week high,

and even Dollar General sitting at record high. So are we in for a summer shopping?

And are any retailers a bargain buy right here?

Pete Nigerian.

I think it's really tough to find bargains in what we're looking at right now

because I think the quality names have performed.

I think the guys that aren't quality and the discounters are the ones that have absolutely crushed

it for sure.

Look at TJ max, look at raw stores, look at Target, Walmart, those kind of names have done extremely well.

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