>> and that three months average of 147 jobs. we'll continue digest it. all day long. now over to you for squawk alley. >> good morning, first for our top story of the morning and this morning's breaking news out of dallas, sue herrera is in the newsroom with more. >> one or more gunmen shot and killed five police officers and wounded several others during a protest over fatal police shootings in other states. it appears to be the deadly yesterday for us l forcement since the 2011 terrorist attacks. th ds polic chief s dead suspect is now identified as 25-year-old dallas area resident micah xavier johnson. he was upset about recent shootings and wanted to kill whites, especially white officers. the suspect also said he was not affiliated with any groups and

he act add loan. house speaker paul ryan speaking out on the shootings on the house floor early this morning. we are all stunned by the events last night in dallas. our hearts are with the dallas police department and our hearts are with the victims. >> authorities have identified three wounded dallas transit police officers as omar cannon, misti mcbride and jesus retana. the family of the man killed by louisiana police put out a statement saying they reject the reprehenceable acts of violence against the dallas police officers. and attorney general loretta lynch will make a statement on the dallas shootings at

11:30 a.m. eastern time. and we'll have more updates throughout the day and as the situation warrants. back downtown to you guys. >> thanks so much. and the jobs report is helping the jobs report today. 287,000 jobs added last month. all major indices on that news now made up their losses from before the brexit vote and only took two weeks to make a round trip. let's bring in barry james and the global co-head of fx research. welcome to both of you. i'll start with you. what type of economy are we in where one month you create 11,000 jobs and the next month 287,000 jobs. i think you're in an economy where you have to smooth the data. you look at the two month average and the three month

average, the four month average, they're all telling the same picture. we're producing roughly 140 to 150,000 jobs per month. it's an okay economy. probably 2% type growth but not much more than that. >> we heard from the labor secretary earlier this morning that pointed out that the june jobs survey was conducted before the brexit vote. are we getting ahead of ourselves in the market? >> i don't think so. if we look at that labor and they come out on monday and we don't find the types of jobs, the highway jobs being created so we don't want to get too much ahead of ourselves and we aren't creating enough jobs for people actually coming into the work force. and into the market and i think we are enjoy it for the time being. >> it happens on a week when

switzerland's entire yield curve goes negative. we did see the highest inflows in high yield funds in four months. are people going to continue to come to the u.s. market to come to u.s. treasuries to come to u. s. corporate debt to be able to get that yield given the global environment we're in? >> i think we are going to see people in the united states and see good rates. and we have negative in so much of the world right now. and i think our stock market is getting more and more interesting and actually we have been in kind of a hidden bear market. over half the stocks have actually been down over 20% from the 52 week high and so we could be coming into a nice buying opportunity with a good rally i think starting to form right now. >> allen, beneath the headline number, what is it that you're looking at? whether it's type of jobs, whether it's participation rate,

what are you looking at to determine the overall health heading through the summer of this jobs market and economy? >> i think you have to be realistic about the jobs report. it has so many different components to it. and the unemployment rate derives from a household survey and a different survey. i think you're getting the same kind of picture but as i said earlier you really have to smooth this. >> are there things whether it's the service jobs or the high end white collar jobs and it's the headli headline. >> the manufacturing sectors are in great shape. it's more cyclical than the rest of the economy. the service sector is hammering along then producing jobs at quite a clip and it's going to read underlying resilience from

this economy. given what we have seen in the rest of the world can you say that it's that bad. >> given really suppressing u.s. raids and it's obvious expectations that are out there in terms of the fed. and in good shape and going to do just fine. >> it's interesting to think that the markets can continue climbing higher from here which would basically be saying that the plateau that we have seen at these levels. 2100, 18,000, 5,000, we're going to break through that. we'd say the movement is upward. we look at the risk levels and they're not really high right now. we started buying before brexit and bought on the day of brexit and the week after and there's continued opportunity there and we think that the market is transitioning from larger cap to smaller cap from growth to value

and we look at stocks that we think would be advantageous in that type of environment. you know, some in the oil area such as mechancdermott and even brandy wine which is all sectors of the real estate market and investor trust. we see positive things. it's going to be different. it's not going to look like it did the last six months but that could provide great opportunities for stockholders. >> we'll keep an eye on those names and the fundamentals of the market continue to drive us higher. thanks to both of you. >> when we come back on squawk alley this morning, the latest on the deadly shooting in dallas texas. five police officers are dead. another 7 are injured. also this morning, twitter reportedly cutting a deal with content providers to stream more major sporting events. the impact on the stock and the company's future and yahoo! buyer be ware. new report whoever buys the company's new core assets might

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reliably fast internet starts at $59.95 a month. comcast business. built for business. welcome back to squawk alley. we want to keep you up to speed on the situation in dallas where snipers open fire on police during a peaceful black lives matter protest last night. five officers are dead and another 7 are wounded.

sarah is in dallas texas with more, sarah. >> yeah, kayla, within the last couple of minutes police released the name of the suspect. we'll get to that in a second but that suspect was killed by police officers overnight after shooting at them from elevated areas. one of those places is a parking garage that you can see way in the distance behind me. it's still blocked off by police officers. today police say they're being very cautious with what they release because first and foremost this is a very active investigation and they also tell us that they're worried about safety. right now much of downtown still remains a crime scene with officers blocking many intersections. police are describing what happened last night as a coordinated ambush style attack happening near the end of a peaceful rally protesting recent police involved shootings. when it was all over five officers were killed. 7 others wounded. police rushing toward the gunfire cornering the gunman. they had a hand off and then used the controlled explosive to kill the suspect. the gunman tells police he acted

alone and he was angered by recent police shootings and now dallas and the entire nation is grieving of this national tragedy. now back to police releasing the name of the gunman. we do know his name is micah xavier johnson. he's 25 years old from the dallas area and police not releasing much more information because they're worried about other possible people that could be involved. >> thank you so much sarah. meanwhile, twitter is talking to the nba, major league soccer and turner broadcasting in a bid to stream more major sporting events. >> kayla caught up with adam a few weeks ago and he did hint a new streaming deal was in the works. >> first on the user experience, the consumer experience for fans is going to be incredible. we can't wait to show it coming this fall. it's going to be incredible because it's what you already love about watching games and watching it with twitter. i think that you're going to come for the live game

experience on thursday night and stay for the conversation. all the tweets around it. we do control some of the ad inventory in the games as well so for marketers we have been talking about what's possible there. we have seen incredible demand. thursday night also is an incredible marketing night because of the weekend. we're going to make thursday night on twitter an incredible experience and then marketers overall are flocking so far into our live streaming service. we have seen incredible demand for marketers like avi, nestle, ford, sony pictures and all of them that signed up and a bunch more in our deal this coming fall. >> joining us this morning, recode's executive editor is at post nine. it's good to have you on set. >> incredible according to him. >> well, the stock on a multimonth high now. are we beginning to get a taste of what this nfl picture will

look like? >> everybody has to become a broadcaster and create people to stay on it and one of the problems with twitter is people don't have engagement. there's engagement issues around it the way facebook has done with facebook live. they need to create experiences that aren't just people putting up videos and it's more than that and something to watch so you stay on the app. >> i don't get, wimbledon, they're giving us a small taste of what it's like to watch and see a stream side by side. variety called it clumsy but others say it's a big step. >> i think it's clumsy for the people that don't use mobile phones all the time and i think if you're younger you do and you understand it. i watch a lot of stuff on my mobile phone now. it's amazing. i was watching a season of a show on it and people are increasingly comfortable. it's a good first effort for sure. >> i can see why this is good for content providers that have unique content they want to show but for twitter, how much money can they really afford to spend on this competing with other digital services that have

subscription revenue, competing with tv eventually and might decide we want to stream some of this online ourselves versus letting social media have at it. is it sustainable for them to go after this? >> they have to try it. what else do they do? they have to have something on there to differentiate from other people. people don't want to fire up nine apps. i'll do the cnbc app and the comcast app, it's clumsy to do that so if you're already doing other things to give people more stuff to consume in a place they're already colonnsuming st they tried it with moments. i like moments. >> you're the one. >> i like the one. >> now they're trying to make an appointment viewing. >> they have to do something. they have to make some trouble somewhere and i'm still of the feeling that it will be sold. that it will have to be sold and until then they have to appeal to advertisers and marketers and

have things to offer them. >> let's talk about the story about yahoo!. the buyer of the core business with mozilla nearly a billion dollars. this was in small print. >> yeah. >> that if it were sold they could walk away and still get paid. >> yes. it's not a very good deal point. the concept is internally from what i have understood is the ceo didn't think the company was going to be sold so why not throw that in there as a sweetener i guess. i don't know. there was some objection to it. it's a pretty astonishing clause and the buyers are nervous about it. it was pointed out to me, the contract is not public but several buyers sent me a copy of it and they're disturbed by it because they have to pay. >> but you have to assume that the revenue that they're getting from the deal is not cancelled out by that. >> if they stay doing search. a lot of the buyers are not going to do search. he put a lot of money into search and some people think not a good idea and some of the

buyers are not interested in competing with google which i think is an excellent economic decision. >> marissa has not been the board member most eager to sell so call me cynical but might she have put this in there? it's not technically a poison pill but it does sort of -- >> i assume she doesn't didn't know what she was doing. that's always my assumption. >> and all the lawyers working for her didn't know what they were doing. it's not just her. >> of course not but this particular deal was negotiated by her specifically and touted by her specifically so we'll see how it goes. mozilla doesn't have to go anywhere and they can continue to search business but you have to think where's my best, their market share is -- needs to -- they're in competition with google so they can go to microsoft, they go back to google and still get paid so that's good for mozilla. >> really quickly, how much could it move in these final days? >> it's one of those things if it could happen or not. they're going to have to talk to

mozilla. i think her project will be dumped the minute it sells and a lot her research. i don't see any buyer talking about search as the reason they're buying it. it's advertising and the media and other assets. >> finally messenger on facebook continues to evolve announcing today they're going to start providing secret chat areas that will feature among other things end to end encryption. what does this mean? >> you and i can finally talk secretly. >> thank goodness. >> it's just another offering. it's interesting that they're saying it this way. there's communication services that have this. we'll see what happens if the government gets involved. >> as snapchat is trying to make it easier to commemorate.

you have to offer all the things. >> they're already doing the encryption thing and run into challenges overseas, particularly brazil but other places about the law enforcement in general. what's the new frontier for social media when it comes to law enforcement? we have seen the facebook live stream that started after a man was shot and killed by a police officer. social media is becoming a very important case of -- place for how these cases end up. >> look where it is. look where people are consuming it. it's not anywhere else. it's giving them a tool to broadcast what is happening and i think you have on one side the sort of mother with the like happy facebook and then you have serious and disturbing imagery

and people feel comfortable using these video applications and feel comfortable broadcasting the reality of their lives and i think it's great. i'm just not sure the police like that one. >> are there legal issues around whether these streams need to be preserved. at first facebook yanked down that stream. it could be seen as evidence eventually. does that stuff need to be worked out? >> law enforcement, just the way they changed over the years around video taping and bugging, they have to change and everybody is using these, some encrypted and some not so we'll have to model our way through. it's a really interesting time between government in all kinds of ways. not just facebook and encryption and privacy but also cars. how do you regulate the cars and health care stuff and food aztec companies are getting more into it. so he wrote a great book about this, there's going to be

flashes and cooperation at the same tile. >> yeah, that is definitely a good read. i wish you could be here every friday. >> i'm just not leaving now. >> good. when we come back this morning we'll go to sun valley where the top names in media are wrapping up their one week conference. the latest budge in mergers over there after the break.

>> more than 300 of the biggest names in media and technology are wrapping up their annual meeting. julia is live with a closer look. >> that's right. the consensus among the ceo investors here more mergers and acquisitions are inevitable. not only are we likely to see more deals on the heels of cable consolidation but also what former super agent and investor described as the north getting more interested in buying up the south. hollywood.

so which media companies are targets? stand alone cable companies are in the spotlight. there's discovery communications, another invest. the ceo is here. or niche cable player owner of the food network and hgtv, the ceo also in attendance. now we have seen jack dorsey a number of times around sun valley. the company long rumored as a take over target is reportedly in partnership talks with a number of the sports guys here. now the need for scale to compete is another factor driving tech deals. the linked in chairman says one reason it sold to microsoft is that it's giant rivals are just too powerful. >> i think once you get into a public company, if you're not throwing off a lot of r and d ability to do r and d and to progress your technology at a

very fast rate then it is difficult to compete with them. start ups compete with them. >> on the agenda, a panel about artificial intelligence. it's of great interest to a number of the media and tech ceos here and you can find more interviews on cnbc.com. back to you carl. >> i'll take it. thanks julia. interesting the talk about scale and m&a. it fits together nicely. when we come back, the dow fully recovering from its massive brexit losses trading back above 15,000. where do we go from here? we're awaiting comments from attorney general loretta lynch on the deadly shooting from dallas. we'll bring those to you live when squawk alley returns. when it comes to medicare,

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good morning, here is your cnbc news update at this hour. one or more gunmen killed five police officers and wounded several more. three suspects have been taken into custody. a 4th was killed during a police standoff. he has been identified as micah xavier johnson. authorities say there is no international terror connection here. president obama attending the nato summit in poland condemned the attacks. >> what we do know is there's

been a vicious, calculated and despicable attack on law enforcement. police in dallas were on duty doing their jobs, keeping people safe during peaceful protests. >> an attack on a shrine north of baghdad killed 37 people hours before the country's prime minister fired baghdad's security chief this as public anger mounted over security failings. pieces of wreckage from the egypt airplane that crashed in may have been found off the coast of israel. according today at a recovered from the voice recorder pilots tried to extinguish the fire on the plane before it crashed. a powerful typhoon weakened today bringing winds and rains to the area. two people were killed and 66 others were injured from that storm. that is the news update at this

hour. let's get back downtown to squawk alley. carl back to you. >> thanks so much sue. europe is closing as we speak in the u.k. and along continental europe as the dow is up almost 200 points briefly. michelle. >> carl, if you look at the screen we had a lot of green across the european map as well. the vast majority are higher and by substantial amounts gains of more than 1.5 to 2% after the u. s. jobs number. let's dig down into the movers there. the stoxx 600 is up 1.5% in the overall market and then european automobiles are doing well. they're up 3.5% after data showed that passenger vehicle sales in china rose 19.4% in june from a year ago. so shares are all higher by 4 or 5% respectively. so these are pretty big moves. what's going on with the british pound? we have to look at it every day. it's in positive territory versus the dollar. that yellow shows what the

dollar is doing. it's weaker against the price. $1.29 so still below the $1.30 level. up 17% after being halted for excessive gains. and conducted it's own internal stress test which confirms the banks resilience and working with the ecb to solve it and confirmed on friday, they are continuing to explore all ways to allow public intervention in the banks within the state aid rules to protect savings. that's enough to get the stocks higher. a number of u.k. banks including world bank of scotland and barclays. stocks are in positive territory even in the wake of goldman's

cuts. other headlines, u.k. consumer morale, lowest level in five years. a special post referendum survey done by a market research survey and said consumer confidence fell to negative 9 in the aftermath of the vote. previously it had been at negative 1 in the regular monthly survey. carl, back to you. >> michelle, thank you very much. turning to tech this morning, the sector being heavily impacted by the brexit fall out. joining us today, glenn solomon, managing partner at jgv capital. good to have you back. good morning. >> thanks, good to be here. >> thinking about the last couple of weeks we have a couple of tech ipos under our belt. these brexit losses have been erased. spending in q-2 is very robust. are you sensing any break out? what's the sentiment over there?

the ipo is a bit of a unique animal in that it's a company that's growing fast and showing very good progress toward profitability and cash flow positive. many other private companies in the unicorn bucket really don't have that financial profile so i don't think this is a lot more ipos to come but there's still business as usual going on in silicon valley. a lot of deals getting funded in the early stage. >> what would it take to convince you that those exits will be coming with higher frequency? >> we need to see the companies that would be attracted with public investors get closer to ipo and again, many of the interesting unicorn funded companies are still growing very fast and have plenty of capital on their balance sheets but haven't yet begun the march toward predictable profitability and that element is key in getting ready for life as a public company and so most of those companies are still, i

think, in the mode where they will stay private for longer. >> the question is what the real impact from brexit is on the ground. we still have earnings coming later this month and we're going to hear some ceos talking about what they expect for the back half of the year in europe as a whole and in their businesses in the u.k. is that going to be an important indicator of the lasting impact of brexit for the rest of the year? >> i think in brexit you have to look at a couple of different buckets. in start upland, in founder world, brexit is pretty low on the priority list. there's lots of other things to worry about when trying to build a company from scratch. for companies that are larger. tech companies that are more mature, have gone global, particularly those tech companies that have u.s.

headquaters and lots of expenses in u.s. dollars, those companies that have expanded overseas and have many revenues coming in and the pound and euro and other currencies are likely to see a downdraft. so i expect that we'll see a guidance in q-2 earnings reports. more tepid out look for the rest of the year driven primarily by currency. so that's one short-term impact of brexit. >> if you were to give us three gauges that we should be watching in the market for economic sentiment and business sentiment, what would you tell us? i know people in the ipo market look at the vix that just hit a one month low of close to 13 points. what should we be watching? if people at home are trying to survey the market and say i want to watch volatility and i want to watch sentiment, what would you tell them to watch? >> if you're thinking about where to put your dollars in

text stocks i think vix is a good thing to be watching. the fact that volatility has been low is a good thing for technology but you have to look at innovation. where is the innovation cycle and do i have the opportunity to invest in companies that can really disrupt change industries and grow fast for long periods of time and facebook and apple and google and people being able to invest in companies they have to understand where those companies fit and do they have innovative technologies that can change the game and create markets for themselves to grow fast? >> really precise, specific insight. we always appreciate it. thank you so much. >> when we come back, tesla clawing back early losses after difficult downgrades. what's next for that stock?

and monday john is going to sit down with microsoft at the worldwide partner conference. an exclusive you do not want to miss. 10:30 a.m. on monday. but first rick, what are you watching? >> well, of course i watched that number. it was an out liar but one thing that hasn't changed the long end is like this heavyweight. it just will not rise. so we're going to talk about how traders are waiting for the wait to move rates lower. but here's the issue. nothing but buyers out there. how are we going to get a sell off for higher rates? we'll discuss that after the break.

>> we'll discuss that plus the call that has amazon shares hitting another new high today but is it time to take profits ahead of prime day and the ceo is with us today on whether the jobs report will take the shine out of the precious metals trade. we'll see you in just a bit. >> thank you, scott. let's get to the cme group. ri rickwith the santelli exchange. >> thanks, john. it definitely trumped today's jobs report. no doubt about it. i always find a certain bit of market honesty even with so many thumbs on the sale of markets when you get big breaking news like the first friday to second friday of the month when we get our jobs reports. the jobs number was good.

we can debate how good or the reversion aspects to bouncing back from a significant set back in terms of last month but no matter how you slice it as you look at two year, ten year, 30 year, dollar index what we saw was dollar index had some good aspects. it popped as you would think and what should have been a good number pushing rates higher but it didn't last long. two year notes were stickier as they hover near the high yield of the session but as you start to get to 7 and 10s and 30s they pop right back down into the rut and why do we have a rate rut? because there's so much pressure from overseas that we can't get enough girth in our bond market on any day to point to even the good ones to reverse that huge weight on the market and it is a huge weight. the negative rates of europe, the dropping rates in many other places, of course, the notion that certain southern economies have lower rates than us and all

the issues of the banks and the bail ins and the bailouts, it's impossible to extra kate ourselves from policy con stay john that's resulted in low rates and as we continue the entire correction has been mia. let's go into the white board shall we? consider this is just a quick i can ten year drawing from year end or the beginning of 2016. we settle at 227. we established our low yield close in february at 166 and then of course we finally took it out our finally low closing yield after the big move to take out the first low of the year which is always important. a settlement of 157. so all the technicians are paying very close attention. they want to look at how the market acts when it gets up to what was the low yield that took out the first low yield and they want a second look at 166 but as you look at the chart we haven't

come back to that level. so i think that the notion you want to have is that there are many turnstiles of buyers. many over seas that are looking to get into the long end of the market. it's been the best performer on the buy side because it's the juiciest yield and it's that central. a negative late or a low rate or something over 2%. so i think this dynamic continues and i will say this in a very intense fashion, if this weekly close because you have your dailies, your weeklies, your monthlies, your quarterlies, all prioritized higher with longer time frames. if we don't close under what was the low close ever from 2012 at right around 139 this week i think you'll see this much faster if we do. my guess is, probably going to see one and a quarter first. kayla, back to you. >> rick in chicago, thank you.

still to come on squawk alley, another day, another downgrade for tesla. the company trying to get past it's pr nightmare over that auto pilot feature. nick is here to discuss. we'll be right back. ♪ [announcer] is it a force of nature? or a sales event? the summer oaudi sales event is here. geup ta $5,000 bonusn select audi models.

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tesla, shares are slightly in the green this morning after the first american death that may involve it's auto pilot mode. u.s. safety regulators are still looking into that case. in addition we have news about production target misses downgrades and a stock sale weighing in on tesla's troubles and the future of self-driving cars. nick says it might not be so troublesome. nick, good to see you on a friday morning. >> good to see you. >> so what is your overall take on this auto pilot stuff. i feel like most of us are not pilots when we hear auto pilot we think this thing drives itself and tesla is saying keep your hands on the wheel at all times. pay complete attention. do they need to tweak the way they're selling this or is the problem that people don't appreciate how safe this is and that there are going to be the occasional problems. >> yes. that's my answer. it's both. >> which is the bigger deal?

>> i think that part of it is when it comes to tesla's issues i think that the company does need to kind of maybe rethink calling it auto pilot. cruise control was actually called auto pilot and they changed the name to cruise control because of confusion in the same respect and maybe what tesla should call it is maybe auto assist or something like that but as far as the actual driverless cars, i have been reporting on this stuff for many years and the goal is to make cars safer. 1.3 million people die every year as a result of car accidents. 33,000 in america and 94% of those accidents are a result of human error and autonomous cars and driverless cars are trying to fix that and the tesla auto pilot has done better than humans over the period of time its been around.

>> well, maybe on a macro level it's done better than humans but i personally haven't had had an accident in many, many years and yet if i were to use tesla's auto pilot in the wrong way perhaps i would have an accident. i don't know how much that's consolation to me. i wonder, overall -- first of all, do you think that just taking the macro number of hours driven and comparing it, should that really make the individual driver feel safer? >> well, i mean, i would prefer to be behind -- you know, if you asked me, do you want to take a trip to las vegas and i'm going to drive and be distracted by my radio and text messages, things like that, or do you want this autopilot to work, i'd pick the autopilot over you. no offense. i'm sure you're a wonderful driver. the way the systems work, they collectively learn together. every time they're year an accident or mistake, whatever it is, all of these teslas learn together. with humans, you may have learned to stop at stop signs,

because you almost hit someone once. i haven't learned that, so we all have to learn individually. the goal with all of the cars, with autonomous vehicles in general, is to get to this world of what they call the number zero. that is zero deaths as a result of cars. i think that when we look at technology through history, there's, every time a new technology comes out, there are always fears around it and there are accidents or incidents, planes crashed all the time. they rarely crash now, but we still flew them, because they were more convenient. i think we'll go through the same iteration, whether with tesla, google are kas, whatever it is, with driverless cars and all assistive technologies until we figure out exactly what is safe and what is not. >> talk about this closure for a moment, nick. we know about musk going back and forth with "fortune," and this, how can milan musk

possibly not disclose deaths from self-driving teslas? what's the argument? >> the argument from tesla's side is when the accident happened they were unable to get -- they can update cars and get data from cars wirelessly, but because the car was essentially totaled, they were unable to get the information wirelessly, they sent on an investigators, started withing with the national transportation safety board and didn't conclude the report until end of may, early june. did a stock offering may 18th, carol loomis and others of "fortune" saying they should have disclosed it in the stock offering. if they didn't know completely what happened, we didn't know the guy was watching a movie on his -- while he was using autopilot, that thes

killed in the accident until a few days ago. that was their argument. maybe there's balance in the middle, they should have say, hey, we're investigating this, but i -- >> yeah. isn't that letting them off too easy. >> well, no -- >> what if the autopilot had completely broken down in some way but they haven't figured the investigation at the time and that's good enough reason not to mention it at all? >> think about think plane crash. does the national transportation board say, oh, well, we think this happened. so we're going to put out an announcement. no. we're going to do the investigation -- >> but the news tells us it's happened. one thing, it's happened we're continuing to investigate it, we can't conclude. >> well, that's my point. maybe what they should have done is said, hey, something happened. we don't know what it was, but to say something happened as a result of autopilot, there is some answer in the middle here. >> nick, more broadly, do you think this company needs a total makeover of its disclosure policies? a company that discloses

material information on band delivery numbers over the fourth of july weekend. advising the company, what would you tell them to do more broadly on disclosure? >> tesla tries to re-invent the way cars are sold and made, and what they have not done is re-invent the way car companies communicate to the public when bad things happen. car companies are notorious add hiding faults in vehicles, and so on. we've seen this with, just look through history at all of these different car companies that have had air bag failures and brake failures and all of these things and the deaths that have resulted from that. if tesla wants to show in good faith a company trying to re-invent the way car companies are and manufacturers, the way they're made, re-invent something with the public. it clearly isn't working because of the backlash and maybe need to rethink that. >> stocks on the low of the day on that comment.

>> and an innovative company and important to all of us. thank you. >> thank you. still to come on "squawk alley," awaiting comments from u.s. attorney general loretta lynch on last night's shooting in dallas. we expect to take her statement live when "squawk alley" comes right back. there's a lot of pces you never want to see "$7.95." [ beep ] buyou'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvioushen you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter vestors will always be.

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dow is up a firm 206 parents. s&p up almost 27, to 2124. the highest intraday level for the s&p in almost a year. you've got to go back to july 21st of last summer to see a high eer intraday level. a few more points to pull put in, a new intraday high for the s&p. only walmart's in the red-ye. ten-year stubborn. >> and the fact yields are so low, fed potentially holding pat on rate hikes. financials down 4% for the year, but they are the best performing sector today on the back of the jobs report. we'll see what happens next week when they report earnings. jpmorgan reports thursday. wells fargo and citigroup on friday. the conversation could change once we hear from those

executives barometer of the global economy, of course. >> and a lot of optimism. stocks down the most over the past 12 months, talking gopro, fitbit, on down the line. twitter, are doing quite well this morning. up better than 3%, all three of those, etsy as well. nots sure what's going on. down more than 30% over the past 12 moss but up more than 6% today. >> twitter get eting close to, three months or so, trying to take stock of jack's full year as ceo. demonstrations of what they can do with sports with wimbledon and kara swisher, good for rolling out football in the fall. >> and importance of society overall with the shootings we've tragically seen this week. twitter, a place a lot of people turned to find out what was happening right then. >> and we expect the attorney general to be making a statement. scheduled for 11:30 a.m. eastern time.

obviously gn debt it. of course, when she takes the podium we expect to take that live after what has been a remarkable and tragic in many ways week of news. that does it for "squawk alley." get to sue herera in the newsroom with the latest out of dallas. >> thank you very much. and what we know right now, everybody is that five dallas police officers were killed, and seven more wounded during that sniper attack at a protest over the deaths of black men killed by police this week in louisiana and minnesota. it was the deadliest day for u.s. law enforcement since the 9/11 terrorist attacks. as carl just mentioned, u.s. attorney general loretta lynch is scheduled to hold a news conference on the shootings momentarily. we will take that live when she takes the podium. three suspects were taken into custody. the fourth was killed by a police robot delivering a bomb in a parking garage, when he exchanged gunfire with officers. the suspect identified as 25-year-ol