In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Amazon hires Trump-allied lobbyist Jeff Miler as battle for Pentagon contract heats up.Politicsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was sent by...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Four members of the House Armed Services Committee, including ranking member Rep. Mac Thornberry, R-Texas, said moving forward with the contract was critical to U.S. national...Technologyread more
Gold has been on fire this year and some investors think it is poised to do something it has only done twice since World War II.Marketsread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
Markets tumbled Friday, but one portfolio manager told CNBC he expects the "garden variety pullback" to be short-lived. In fact, he's predicting the Dow Jones industrial average could hit 20,000 by the end of the year.
"These corrections tend to act as springboards for higher levels because liquidity is still a factor, but now earnings and very good revenues here now are really driving this market for the long haul higher," said Gene Peroni of Advisors Asset Management in an interview with "Power Lunch. "
Peroni's prediction echoes that of longtime bull Jeremy Siegel, who has been calling for the Dow to hit 20,000 by the end of 2015. Earlier this week, the Wharton School finance professor told CNBC he still considers Dow 20,000 fair market value, but said it may not get there by December.
"It's the first time I've been cautious in a while," he said in a "Squawk Box " interview on Monday.
Jordan Posner, managing director and senior portfolio manager at Matrix Asset Advisors, is expecting volatility this year, but also thinks the market will end higher.
"We would use kind of the downside volatility to pick your spots in the names that you like that are now going for sale," he told "Power Lunch."
"We expect that the market by the end of the year will probably be up in the high single digits."
Read MoreWatch out for market mood swings
Posner likes economically sensitive sectors, like cyclicals, financials and energy.
"We do think the companies that are well-positioned in terms of their resources and are very well-capitalized over time will do quite well," he said.
The sectors Peroni likes are those that have already been established as leaders: technology, health care, industrials, consumer discretionary and consumer staples, he said. Peroni thinks food stocks look interesting as well.
"The sectors that are doing well range from the most traditional cyclicals to some of the most defensive growth categories," he said. "I don't think that this is the kind of market characteristic that you would see at a top."
Read MoreBuy these financial stocks: Analysts
—CNBC's Stefanie Kratter and Matt Belvedere contributed to this report.
Disclosure: Advisors Asset Management owns Activis and Avago. Jordan Posner owns American Express and Eaton in a fund.