Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
"It's a mild warning signal, to tell you the truth," Cashin told "Squawk Alley. " "When we've seen those kinds of moves before, the market has either stalled or actually pulled back somewhat. Not anything climactic, but you could be setting up for [a] 5 to 7 percent pullback."
Cashin, UBS director of floor operations at the New York Stock Exchange, said that the lows could have come from political anxiety among investors relating to President Donald Trump's recent accusation that his predecessor had his Trump Tower phones tapped during the campaign.
"The president tweeting about the supposed wiretapping and whatnot took some of the goodwill that popped up after the speech [to Congress] last week," and replaced it with "the fear that we could go into partisan political warfare all over again," Cashin said.
"I would be a little cautious," he warned.
And although the market typically discounts Trump's sometimes inflammatory tweets, Cashin said this reaction was different because it showed a reversal to some of Trump's less favorable habits.
"It was kind of a new and demonstrably different reaction because if you recall going after the speech and into the big rally on Wednesday, the feeling was, 'Gee, maybe this administration is going to be able to get some things done,'" Cashin recalled.
Instead, the accusations brought into question "the 'orderly transfer of power' idea that we have that makes the democracy work so well," Cashin said, spurring an anxious market reaction.
As for health-care stocks, Cashin said they will need some time to sort through the Republicans' Obamacare replacement bill.
"[There's] going to be a lot of heavy duty play down there in Washington around this," he said. "It will take a good deal of attention."