matheson and ightly busi sue herera. >> friending facebook. blowout earnings put it on track to become one of the most valuable companies in the u.s. and one of the m internet secto. sfwl bumpy year for boeing. the component reports its first loss if nearly sempb years. what scotch distillers so they can once again toast to better sales. those stories and more tonight on nightly business report for . >> good ooempk. facebook reporting a blowout

quarter. it's ad business crushed wall street predictions as its fast growing number of users post like and share content. the company earned 97 cents a share. estimates were for 82 cents. in more than $6.4 billion in revenue. that tops expectations and it is up more than 59% from a year ago. that sent shares soaring initially in after a hours trading and if the after hours gain holds, it puts facebook on track to become one of the most valuable u.s. companies, making it about the same size if not bigger, than exxon mobil. >> the key take away from facebook's earnings, the social network is growing across the board. the key metric showed facebook's gr in terms of revenue and earnings, as well as users. the company's average revenue per user grew to $3.82.

more than a dollar more per user than a year ago. facebook cfo telling me that while facebook is seeing fwrout in facebook and instagram ads, there's really an across the board increase in demand for ad, particularly on mobile devices. he says it's still early days for facebook to maey see i that help it is the company maintain this fast pace of growth. i'm julia boorstin in menlo park, california. >> if so, should you get in on the stock now? an portfolio manager at -- investment, owns the stock and joins us now. good to have you with us. i look at the numbers here and just on the fan users. what's app, a billion users, facebook messenger, a billion

an is this the one stoc if you're going to buy into this space, that you ought facebook it was not the first to marketh the social network, but it was the first to scale. as we saw on the numbers this evening, advertisers are taken count. it's 1.7 billion users has given facebook a treasure chest of data and that's valuable for advertisers. >> is that why you say the opportunities are still early for facebook? >> absolutely. so, as we talked about earlier, what's ap p p, messenger, both with a billion users. for the long-term investor such as -- and capital, we think there's plenty of upsides. >> you mean they haven't figured out how to make money off it. >> they're working on it now. it's too premature to

for the long-term. y how mh of this has to do with people who are in place there? zuckerberg certainly and the fact that the executive team seems to execute with such precision? >> yeah. that was one of the original reasons why we likeded facebook. was the founder ceo, mark zuckerberg and his mission to connect the world. on that vision and advertisers have taken no. >> you know, the history of technology companies has been in part that when they get so big, they begin to attract government notice. namely antitrust notice. microsofd it. google has had its own experiences, most especially overseas with regulators. is that a danger for facebook that a they will own so much of the social media space from what's app and messaging to instagram to facebook, that

attr that kind of interest? and i don't know whether regulators are going to step into the market and do antitrust measures, but facebook's an innovative company and grow reg we believe of regulatory issues. >> sounds like a strong >> boeing posted its first quarterly lost in nearly seven years and cut its earnings outlook for much of this year. but shares of the dow component moved higher because that loss wasn't as much as expected. the aerospace company regarding a charge linked to problems with key planes, but as phil invest the global demand >> this is turning out to be a year for boe charges and concerns about a slowdown in demand for new

planes has boeing shares lagging the overall markets. one big problem for thcompan developing the next generation of military refuelling tankers. getting the first versions of those planes to meet standar set by the u.s. air force have led to costly delay, but dennis muhlenberg believes his company is close to revolving those issues and boeing still sees strong demand around the world for new commercial planes. that's reassuring to investors. as for the company's two most popular models, the 737 single al and 787 wide body, there are deep ord is delivering more commercial airplanes, the company has cut its full year earnings guidance . a sign the aerospace giant is

paying the pricem line night business report, i'm. >> in a separate regulatory filing, boeing said it ig e prof its iconic 747 jumbo jet due to the low order rate. >> now to fellow dow component, coke, which saw sales fizzle. fell short of expectations as consumers across the globe drank less soda. the declin in volumes fell more than 3% and that made coke the worst performing stock on the blue chip dow index today. sarah eisen now with more on coke's challenges. >> coca-cola reporting a mixed quarter, beating on profit expectation, but lowering outlook for sales and mising analyst's forecast. the reason, coke is experiencing a challengo economic environment with slowdowns across the emeg market and

the strong dollar eating into i franchise or sell off some of its bottlers in the future. coo and president, james quincy, says there are signs of progress here. >> clearly, we're being buffetted by fore exand the asemitri of where we own our own bottling operation, but when you look beyond that, you see the company of the future emerging. werefranchisg on track. we're making solid revenue growth and profit progress in developing markets. >> the broader problem for coca-cola, soda consum and we saw that in negative volumes for sparkling or soda sales for coke, helping off set that was better growth in the stills category like juice, water and other noncarbonated beverages, but the problem remains that consumers are eating and drinking healthier. they're also increasing taxes on sugary sodas, including that tax

this year. here's what quincy said about the challenge that he a vehicle. an aim and hopefully, that can the ang report. north america, which continues to outperform the rest of the world and pricing, coke is able to charge more for smaller packages or cans. the key part of the ceo's strategy to revitalize the business. coke's stock has been appealing for investors looking for a defensive place to hide i >> on wall street, stocks were pushed and pulled. shares traded mostly higher after the federal reserve left interest rates unchanged and we'll have more on that story in just a moment. but those gains evaporated in the markets heading into the close. when all was said and done, the dow jones industrial average saw

nas rose 29 thanks to , gains in apple, which we told you about last night. and the s&p 500 was off, too. as for oil, pric declines, dome settled doup about 2% to just under $42 a barrel. following a government report that showed a rise in inventories. gasoline stockpiles rose as well despite being in the middle of the peak summer driving season and that doesn't happen often. .s jackie deangeles report, it's prices are sliding and summer driving season is still in full swing. crude has seen a near 10% drop in the last month, much closer to 40 now than $50 a barrel and gasoline down 11%. same time. good news for consumers. aaa saying the national average $2.15. that's compared to 2.71 a year ago. it could be bad news for stocks and energy compa.

the drop in prices, because the oil glut continues and it's swelling because producers pumped more and refirns made more products when prices went up. th swo and the consequence feared was this. just as prices -- the industry pushes >> demand has been excellent this summer. in fact, some weeks have shown a record, but on the flip side of that, all the crude oil that wed into is that gasoline. causing the glut in the markets. >> in additione demand has been strong this summer, dropped off after labor day. some analysts are forecasting another big drop in crude prices down into the 30s. with a corresponding drop in gasoline prices of roughly 10% by election day. >> i think most traders will agree that the reason crude is supported is seasonal demand. in about four or five weeks, that's about to on it does, i think you're going to see crude trade into the mid 30s and could hit the low 30s. >> a lot of big banks are

forecasting a rebound into the second half of the year. but their theorys may not pan out. we're already in the second half heading into that seasonal splump and prices are moving lower not higher. for nightly business report, i'm jackie deangeles. >> new orders for long lasting equipment fell in june by the largest amount in two years. orders for so-called durable goods like cars, appliances and computh mostly due to a big decline in commercial aircraft orders, but a gauge of orders fr goods considered a proxy for business investment showed a small gain after two month's decline. a measure of homes under contract for sale rose in june. according to the national association of realtors. pending home sales rose .2% from the prior month. job growth and low interest rates are expected by many to continue to support hog going into the second half of the year.

had ederal reserve upgr strengthened its head, activity diminished, but the downside what i central bank increase interest rates next. steve leas looks for clues. >> the federal reserve l but ma slightly hawkish comments in a statement that opened a debate apt what happens in september. did the fed signal a rate hike coming or just leave open the econo a poss sayi consumer spending is growing strongly and the labor market has strengthened the economy. there was one dissent from to hike rates now.who the federal reserve adde a line suggesting less that if mayber market now. oo another that risks have dim quote. that was not a stronger previous line. language saying the fed might be

hiking at the next meeting. the fed continues to point to inflation running below its 2% objective. so the bottom line here, strong wetter inflation data could prompt a rate hike, but it could be right now a very pati next m explicit that a ralt hike is on th lease man mann in washington. >> f gov is plaping to add more than $260 million billion in stimulus to help repla. the announcement caught many off guard. at this point, there are few details and it's not clear how much will be spent directly toin crease krout. >> still ahead, the new controversy hovering o

tonight, several prominent will take the stage at the de donald trump today who challenged russian hackers to find clinton's missi e-mails. >> russia if you're listening, i hope 30,000 e-mails that are missing. i think you will probably be rewarded mightily by o let' see if that happens.

>> the clinton campa >> this is so perhaps the worst of all the comments that he's suggesting that a foreign country should come in and conduct cyber espionage against any u.s. interest, whatever happened to politics on the water's edge. i think we agree with the sentimen ameri sh upset about the idea that russia is trying to illegally commit espionage against any u.s. interest. it's >> john harwood is is is our guy in philadelphia. tonight, john, every day. in the campaign, but how significant is this? reasons.ery sig first of all, ever since the war, republican hawkishness on national security has been a unifying theme within their party. remember reagan and his

confrontations with the soviet union and telling i gorbachev t tear down this wall. that raises the question as to why donald trump is doing this. e for $60 million to a russian, $60 million more than he paid for it to a russian national. investments. by russians in trump pr relee his tax returns. but this is a mess for donald trump and we'll see how he handles it the next few days. n but maybe not. offered a very personal portrait of his wife as a person. it was curious to me a l all th who i thought i knew because he's been in the public eye r for that long. and mo her know what they thinkf her. >> tonight's theme is for the case for hillary clinton on

ll vice presiden biden of the e the case for middle class on economics. and then you've got president obama who of course has worked alongside her when she the caser running mate, tim kaine, will introduce himself to the biggest national audience he's ever had. >> what can we expect from the president tonight? obviously, he introduced now secrkerry. some 12 years ago, but what do we expect to hear from him tonight? >> this is not going to be about president obama. this is going to be the case for hillary clinton. he's going to try to persuade hearn americans that t for so l public life is uniquely situated to deal with the problems that we have now. he'll talk about why -- to the leadership demand of the oval office and tru is not. >> thanks so much o. well, higher than expected

drug sales helpe expectations. profe as the world's largest bio tech maker benefitted from stronger demand for its arthritis and os y osteop slightly in afterhours trading, but ended the regular session up at 170.68. sales growth disappointed at whole foods at the chain's same store numbers fell for the fourth straight quarter and by more than wall stre that, the c manage to meet street's target on both prof. shares fell in afterhours on top of being down in the regular session by a percent and finished33.64. meantime, earnings at deutsche bank -- down 98%. year over year. the german bank said restructurg costs result in the latest quarter.

the bank's ceo warned that cuts may be needed. shares down nearly 4% at 1363. and nbc universal parent company comcast, topped analysts revenue and expeck tases. results lifted by strength in ceo says his company is on a roll. >> i think it's x1 our video experience that we give our customers with a new box additional top ten. better operationaly good trend. we do believe we can continue this momentum that we'v >> comcast owns cnbc, which produces nbr. shares up 1%. increased e membership helped anthem beat wall street

targets. the company also raised its revenue guidance and confirmed its plans to a si, despite facing a lawsuit from u.s. regulators looking to block that deal. shares fell more than 2.5% to 133.86. an uptick in spider jet deliv y - expected. overall profit though lagged a bit, but still came in ahead of estimates. the company ra. shares fell a fraction to 217.net sales for the 11 lays fell and basically, the maker of oreo cookies and trident gum, impact from the deconsolidation of its venezuela business. shares fell nearly 3% to 43.94. kadmonoholdings had a rough

debut today. they opened below their offering price of $12 a share and didn't get much better after that, but the ceo says the focus is on the >> this company has three drugs moving in development and the drugs moving in development are ones for a diverse portfolio of various indications and areas of on kole ji, auto immune diseases. each one has shown potential, so i think the key thing is on the products and programs that we're moving forward. >> shares plun lged 19% to end the day at $9.70. coming up, an acquired taste. why sales of scotch are suddenly on the

saab miller has reportly suspended work on ingraciouses with anheuser-busch inbev. according to multiple reports, the brewer is consulting with shar over whether the revised pick from anheuser-busch is acceptable. that sent share of moelt molson coors coarse lower. american whiskys are

getting the attention now. drinkers in the u.s. and abroad ar a glass to bourbon, causing exports of scotch to fall. i'm going to get on that tonight. o >> sentiment. >> yes. whisky expert ray pearson has poured m as smooth as it is, scotch is on the ro larty, especially american spirits. overall last year, whisky sales grew 4%, but thas mos to big growth in american whisky. that is bourbon. they grew twice as fast. and sales of irish whiskys are quote exploding. >> to me, there's a lot more exper menation in the bourbon area than there is in the scotch area. they have various when you look at the retail shows. >> the world is falling in love with bourbon.

exports of american whisky top ed a dollars last near for the . but bourbon and scotch need each other in an im bourbon can only be a -- they're often sold to scottish distilleries where they're reused to make scotch. finding new oak every year is a challenge for the industry. >> the companyn the ozarks and they are here managing the growth of the trees. >> trees that will become barrels for bourbon and eventually, scotch. the good news for the en spirits industry is that hard liquor is is taking market share away from beer and the fastest growing part of the in star at $20 a bottle. >> it's like a in one small glass. it, indeed. >> jane wells, los angeles.

>> always right about that. a good country it is. to read more about the scotch business, head to our website, nbr. let's do a little research, here, sue. >> right after the show. which is ending right now. sue herera. thanks for yoining us. >> just puts a smile on our faces. thanks for watching. have an enjoyable evening.

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