moody's and fitch each find a slate of cities moving to the edge of bankruptcy. which ones can still be pulled back from the brink? we have details next. >>> aetna making a blockbuster bid for health insurance rival coventry. what will the push to dominate the market for medicare and medicaid patients mean for your bottom line? we have more "money" coming up. ♪ . ♪ . tracy: governments across the country in a fiscal mess. thank you, captain obvious. many are threatening to default. fitch ratings came out and warned about more downgrades that they are expected on the heels of moody's the noted that more than 10% of california cities declared financial crises. how will this all shake out? joining us our very own liz macdonald. emac, glad you're here. you're covering this for a very long time. what is the problem? is it pensions? why are they the way they are? >> it is both. tracy: okay. >> here is the deal. put it into perspective, maybe one to two municipal bankruptcies 43 since 1981. now we have three in the past year. seven total during the crisis. here's the pr

moody's and fitch each find a slate of cities moving to the edge of bankruptcy. which ones can still be pulled back from the brink? we have details next. >>> aetna making a blockbuster bid for health insurance rival coventry. what will the push to dominate the market for medicare and medicaid patients mean for your bottom line? we have more "money" coming up. ♪ . it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural

. >> let's bring in david reilly who is head of sovereign ratings at fitch ratings. there's plenty of talk that uk has room to increase its investment spending. what do you think on where bonds are going at the moment? >> we think that it's actually limited room for the british government to do some kind of stimulus measures to try to get the economy going. we actually put the uk status back in march because we were concerned about the stagnation of the economy, also the risks coming from the eurozone. which basically means the government would find it difficult to meet its targets that it set itself. even under those targets it implies uk government debt would be peaking at around 93, 95% of gdp. so, haven't got much fiscal spec. not to say there's not enough room for speculation -- >> here's the point. if it's for growth, if it's investment for growth, and the government uses its balance sheet or uses very cheap borrowing and locks in long term borrowing which would change the funding nature even more, how would that be viewed if we can say it's for big infrastruct

abercrombie and fitch is still publicly traded. some businesses are simply unknowable.s are consistent. suffice it to say teen retail is about as critical as it gets. i have no idea if the weakness is going to continue or if this is the opportunity you have been waiting for. neither does management. don't bother to try. trust me. i have a teenager. stick with cramer. something yo. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. i just want to give her everything. [ whistles ] three words dad, e-trade financial consultants. they'll hook you up with a solid plan. wa-- wa-- wait a minute; bobby? bobby! what are you doing man? i'm speed dating! [ male annou

while fitch sales fell short.saying it suffered a $440 million loss because of the electronic glitches in the system that caused price swings in dozens of stocks just over 24 hours ago. >>> so let's get to the road map for the next hour, yelp stock getting positive reviews after second quarter results, will it help slow the social selloff on wall street? >>> plus a new report that says the irs may not be able to stop the rampant identity theft in the u.s. and the price could add up to hundreds of millions of dollars. >>> ecb president, mario draghi's comments on the eurozone pushing markets lower around the world. see what it means for your money when the european markets close in less than 30 minutes time. >>> and could hotmail take down gmail, the big changes from microsoft that's making waves in the tech world. >>> yelp posting a stronger-than-expected second quarter earning result. the stock substantially higher, a 22% bounce at the open. can yelp's earnings stem the general selloff you've seen in social stork

on the list today, abercrombie & fitch and sina corp. an upgrade and downgrade on both. we'll find out which of the analysts have it right. a few more big movers for a thursday in the summer. the markets keep moving.ou] make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. ♪ you know, ronny... folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? i'd say happier than a bodybuilder directing traffic. he does look happy. get happy. get geico. fifteen minutes could save you fifteen percent or more on car insurance. good afternoon. chase sapphire. (push button tone) this is stacy from springfield. oh whoa. hello? yes. i didn't realize i'd be talking to an actual

. >> and you've got other retailers with exposure, abercrombie & fitch. >> abercrombie & fitch has been a disaster. the london flagship store is huge here and you've seen sort of a declining trend. same store sales were down 26% internationally this quarter. part of the issue is not only do they not have a lot of newness they didn't promote. they do not put items on sale here which is a mistake when everybody else is 50% off you have to get in the game. you can't maintain full prices. >> is that just a global policy for them? >> that's a uk stance. in the states they promote. >> that's interesting, isn't it. i went to one of their stores. so dark i couldn't see my way around. >> that's the point. they don't want the parents to know what the kids are buying. >> make it very hard to see. thanks for that. >>> walmart reports second quarter results at 7:00 a.m. eastern speaking ref tail. the world's largest retailer is forecast to earn $1.17 a share on revenues. walmart sales are expected to be driven by price cuts as we were discussing and wider variety of merchandise which could boost gro

we'll get there this morning on consumer prices as well as earnings from target, abercrombie & fitchnd staples. the dow closed up just two points, so we'll open at 13,172. the nasdaq did slip five to 3016. >>> more americans may be dining out a little less. restaurant visits rose just 1% this spring and it says consumers continue to be cost-conscious. that sector accous for 78% of all restaurant traffic. laura, back over to you. >> that says something, doesn't it? >>> a little indigestion. thank you very much. >>> fine dining on the fly. 4:48 right know, christine loren here to tell us, cooling down a bit? >> you can go back to the del scorcho today. temperatures are going to cool off by about 5 to 10 degrees in some cases. 60 degrees to start you out. in concourt and livermore, good morning to you. always get a bit more excited as we break over the hump. you've got to get over the hump first. today the weather is not going to be as difficult as it has been, even just heading out to the mailbox has been uncomfortable. today we fall back into the low 90s, as you can see here. we stop

abercrombie and fitch fell 14.6% and aeropostale lost a third of its value. both cut their outlooks. all five of the most actively traded e.t.f.'s were lower. the emerging markets fund fell the most, down 1.2%. and that's tonight's "market focus." >> susie: congress is headed for summer recess next week. lawmakers will face a lot of work when they return. one thing they'll have to consider, is how to un-do the sequester, that's the set of harsh federal spending cuts that would slash half a trillion dollars from the defense budget. with u.s. cuts looming, defense makers are looking overseas, and as sylvia hall reports, it turns out, the industry has become quite the exporter. >> reporter: we've all seen the bombs, planes, and tanks that support our military, but did you know troops all over the world count on american made equipment? the u.s. is one of the biggest arms manufacturers in the world. and right now, the defense export business is taking off. >> typically, these kinds of things have gone in waves, but we've really seen an uptick in our international

but it was a great day for investors in teen retailer abercrombie and fitch: the biggest gainer in thes&p. the stock rose 9%, after the company reported earnings that were slightly better than expected. but what really helped the stock was word from the c.e.o. that its business is stabilizing, after a rough start to year. target shares also rose today, on better than expected earnings of $1.06 a share. the company says it's winning over shoppers with a bigger selection of food, as well as, deeper discounts. target lifted its full year forecast, and that lifted the shares more than a dollar to $64 and change. also reporting earnings today: deere, and it wasn't a pretty picture. profits came in $0.33 below expectations. it didn't matter that revenues came in slightly ahead of forecast. the world's largest farm equipment maker cut its full- year outlook due to weak sales in china and india. but, there was something that analysts also found troubling: >> the thing that surprised me first off is the fact that they had manufacturing execution issues. i just always think of deere as being an

he's going to stop the wind for about fitch seconds right now. >> let's do it. >> the wind stopped. >> which means i think we can sending it back out to lawrence scott who is live on the bay in one of these boats. lawrence. >> reporter: yes, they stopped the wind as best as possible or at least jeff has. we're heading just north right now almost under the golden gate bridge. jimmy, the skipper of oracle team usa is the defender of the america's cup title. jimmy, let's try this again here. how fast can we get this thing going? >> we can get it up to 45, 50 miles an hour. very, very high power to weight ratio. a very physical boat. also a lot of risk versus reward. you've got to push these boats to get the most out of them. so you're right on the edge. >> reporter: we will come back at 6:00 and show you guys just what athletes these guys are and how it takes a lot of skill and mental power to make this whole thing go. amazing visuals here on the bay. can't wait to check in in just a bit. >> oh, my goodness, that is crazy. >> that is one of the most phenomenal live transmissions we've ev

trouble at auction the state's credit rating will be called if it doesn't slash the national it says fitch and a four month peak of the on bailing good results world oil well has been drilled fifteen times the height of the tallest skyscraper the boys virtually for the twelve thousand meter bore holes made by exxon mobil at its second one deposit in russia's forest six of the world's ten deep is wells are in the region with all major is forced to go ever further in their search for crude the twenty forty six has become the first of a hundred will premiers at the moscow international coal show has become one of the most important gatherings for carmakers all to cater building is there for us. this is must go international automobile film is now on the charts carmakers across the globe to come here and show off and of course do some business in these times of economic uncertainty it means that the russian consumer becomes a key market in the us because elsewhere in the world people attending to trade in their spending price here in russia people tend to indulge and that's because of the deva

fifteen trillion dollar national debt point next year says fitch ratings at four months he is expected to unveil good results today on the world all will has been drilled fifteen times the height of the only suspect but the boys bush relief of the twelve thousand made to show off was done by exxon mobil at its second one deposits in russia's far east six of the world's deepest wells are in the region may just force to go over further in this search for crude now the twenty four team as the six has become the first of a hundred world premieres that today's most international call show one the most important events for global manufacturers and l.t.e. katie pilbeam is there for us. this year's most go oldsmobile siloam is now on and it's a chance to come acres across the globe to become a a show off and of course do some business as well now the russian consumer becomes very popular in these times of economic uncertainty and that's because elsewhere in the world you've got people reigning in the spending whereas here russians tend to indulge and that's out of fear of the russian ruble val

of the united states will be cut next year if it doesn't slash its fifteen trillion dollars this is fitch ratings and most emerging markets falling all fears that ben bernanke you won't bring more stimulus when he speaks on friday underworld premiers will be unveiled at the moscow international poll shows starting today is one of the most important events for carmakers at all t. is there for us. this is most go automobile siloam is now on and it's a chance for comic has across the globe to become a a show off and of course to some business as well now the russian consumer becomes very popular in these times of economic uncertainty and that's because elsewhere in the world you've got people reigning in the spending whereas here russians tens of indulge and that's out of fear of that russian ruble devaluating as i've done so and post economic crises now it's no surprise that you've got the likes of being. out of the overhead today to make some kind of impression also with consumption high here in russia spurring growth we g.d.p. now at four percent in the second quarter of this year when co

accounting standards and we have still major civil started skating over a half a percent this hour and fitch ratings agency gave it a rating upgrade to a stable outlook and of course energy majors are under pressure because all the lower the prices that i mentioned gas pollution just the knowledge that if you want to take a look at the exchange rates the euro is still losing the against the u.s. dollar as you can see there but still more or less flat when it comes to the ruble it's still losing against both major currencies and mass at the close and at its highest level against both major currencies over the summer i should say now if. take a look at asian markets they are on their way out invest start out to go home in that part of the world and we've seen that all the mizzen is remaining on the markets there europe that is we have the nikkei adding over half a percent in minimizing earlier gains and similarly with the hang sang again and just a notch there and in japan we have posted earnings reports boosting sentiment there as well and i want to talk about one particular that's not all di

we have still a major seven saw added almost two percent in this hour every of our ratings agency fitch has upgraded the company's rating to a stable outlook and energy majors like gas from a war in negative territory before because they're on the pressure but now with oil prices going higher so are their shares in the stocks are there you can see now if we can move on and take a look at exchange rates also slightly different picture this out of the euro is now again in against the dollar as the ruble is extending the skase against both major currencies let's not forget that on monday we saw the ruble close at its highest level of the summer against both major currencies now if we continue with asia it's now closed and the picture there was positive then they added over half a percent the hang signed didn't manage to get the point there but still impulsive territory and there aside from that optimism in europe another thing that was helping was positive earnings reports in japan stay with asia in particular when the talk about one solid up to the not only in hong kong but in london as w

last week, a fitch downgraded its outlook from the country from stable to negative. the government to limit market access that, failure to pay debts, and nationalization without compensation has shocked investors. it will take many years for the country to recoup the loss of market confidence resulting from these policies. looking at the broader picture, china has taken note of the positive trends in the region and has fined a foothold in the region while all attention has been in other places around the world. china has made significant inroads in latin america. trade has increased from 12 billion in 2000 to over 140 billion today with china's supplanting the united states as the largest trade partner. deals offered by china are often too good to pass up. in addition to offering loan terms and investment, china's policies -- policies make them in many cases a more attractive partner than western investors. that brings us to the purpose of this hearing. we are examining opportunities for american companies in latin america. we are here to consider opportunities for t

spanish -- according to a fresh survey from fitch -- according to a fresh survey from fitch, 82% of investors say european banks need another round of rtlo financing from the central banks in the next couple of years. spanish banks continue to rely heavily on ecb funding, and according to government figures out this morning, spanish lenders' gross edp borrowing ticked up from july, from 365 billion euros in june. >> what is your thoughts here on the -- the reliance now of spanish banks going up on ecb funding? >> not surprising ally. the two largest spanish banks, generally, the only access these banks have to wholesale funding is the ecb borrowing. and until they actually reduce the balance sheets. they have the assets down that need funding, they will continue to have to borrow this much. >> how much more shrinkage do we need for banks to get them back to equilibrium? >> a lot depends on what happens with the bad assets. bad asset transfer going on as well, as well as that actually helping them out in terms of capital it will reduce funding needs. and then after that, i think you are lookin

it has got aaa right across the board from fitch, moody's and standard & poor. they affirmed their rating. got an outlook negative from standard & poor. standard & poor is generally more pessimistic. what about the state of the economy? well, q2 gdp can contract 1.0%. what about finland and of course the political stance. we know some politicians are getting fed up what they see continuing to write dhochecks t the peripheral. joining us on the phone is timo korkeamaeki. finland has become sort of the unlikely creator of the storm after the foreign minister confirmed the country was preparing for a breakup of the eurozone. how far can finland be taken to approving more bailouts for the likes of say spain. >> first of all good morning and thank you for having me. those comments that were made by our foreign minister were over drawn in the national media. the fact that fin lad is prepared for something isn't that we would see it even remotely likely. that was overplayed by the media. of course, any taxpayers would be getting fed up by particularly keeping this endl

this is american eagle outpacing abercrombie & fitch and also aeropostale.-packard caterpillar intel coming under some pressure. hewlett-packard reporting after the bell today. that will be one to watch as well. we have you covered here on the fox business network. back to you. dagen: there you go, after the bell today. breaking news right now, europe's markets closing and ashley webster has all you need to know. ashley? ashley: hey, dagen, well it is a sea of red across europe today. we've seen a broad sell off across all major european exchanges as investors take profits and pretty much hedge their bets as the greek prime minister begins his quest to try and win some extra time to enact the budget reforms. let's take a look at the closing bell, starting in london with ftse down 1 1/3%. and the cac down. and the dax also down. investors are worried essentially the currency moved too far and too fast, right now the euro is standing right around 124.61. in athens, greece' prime minister is meeting with euro group chief. at issue is whether greece has done eno

guest: the ratings agencies, including the s&p and moody's and fitch ratings, there was a lot of talk year ago that the downgrade would not necessarily mean anything because they have lost all credibility during the financial crisis a few years back and their performance leading up to that financial crisis in terms of how bay rated bonds that ended up becoming junk. so the market impact has been negligible. i don't know how much of that has to do with people not putting a lot of credibility in the s&p. there are other factors behind it, too. the ratings agencies have a lot of room to go in regaining any reputation that they had. the other think it's the downgrade, the s&p, you could look at it as them trying to come out and be ahead of what was going on, send a message and say there are warning signs here. that morning has not been heeded. host: lexington, kentucky, william, a republican caller, good morning. caller: good morning. when interest rates start getting back to more normal rates like 5% or 5.5% and we are rapidly going towards a $20 trillion debt, which implies the interest

now, fitch and moody's still have aaa on austria. stable for fitch, negative for moody's. standard & poor's is the outliar, a aa rating for austria. a negative outlook. last revised at beginning of january this year. that's the credit ratings as far as austria are concerned. in terms of the economy, not so bad compared to some of the others. they did actually have a growth in second quarter. not much. but it was growth, up 0.2%. not many can claim to that. debt to gdp ratio, manageable at 72.2%. unemployment, just 4.5%, one of the lowest unemployment rates in the entire european space. how have the bond yields down? they have tracked bunds over the last year. ten-year austria tracking, 2.1%. the last couple month spreads have narrowed between the two, as you can see. austria at the moment, it's not completely aaa, but the economy looks okay compared to others. remember, this is always a relative game. >> it is. let's take a look at one of the examples on the ground of what's happening. they've been warned difficult times lie ahead after the world's largest brick maker miss

we'll be joined by someone from fitch rating. busy week for spanish prime minister. he'll be meeting with the french prime minister francois hollande on thursday. he's scheduled to meet angela merkel and mario monti. in the latest from am, the apple/samsung saga, apple closed at another record. the tech giant is looking to ban samsung from selling eight of it's smartphone models. samsung recovered a butt from its drop in nearly four years. remember the drop wiped out $12 billion from its market capitalization since last friday's close but still a down day for foxconn. it posted its worst ever first half results. foxconn blamed the global slow down and sluggish orders. said operating conditions are likely to stay challenging for the rest the year. >>> astrazeneca tapped roche's pascal soriot as its new ceo. caroline is in zurich. what's he going to bring to the company? >> reporter: well many say he was central to the success over at roche. he oversaw the integration of genentech a few years ago and saw a massive cost-cutting program. analysts say he's hands on, fough

abercrombie & fitch not so good, staples disappointing earnings. the dow closed up two to 13,172. the nasdaq slipped five to 3016. >>> pinterest is adding, as it try toss broaden appeal. it's grown its user base from about 1 million last year to 23 million as of july. it opened its membership up to the gen public last week. previously when you signed up, you had to wait to be admitted to the site. i have continued to hold off. i don't have any more time to play around with the sites, and i hear it is very addictive. >> laura, scott and i were having that conversation. we have decided to skip pinterest. now because we don't like it ouring in. >> i love it. >> i know you do. there's just so many things out there you can get the hang of. >> it helps me organize, and you know how big i am into that. >> with three children, you better be. >> no kidding. >>> it's 5:17. when you see a shooting star, do you make a wish? one photographer was probably taking a lot. he took this picture in whole last weekend. the perseid meet i don't shower was lighting up the sky. it's believed that the met

. >>> how would you like a free ipad from abercrombie & fitch, free flu shot at kmart and free backpack are things stores are offering as retailers try get a bigger piece of this year's back-to-hosc shopping season. number of students enrolled in prek-12 will hit a record. you may be wishing you could get more free food deals. price of corn fed to cattle rising to new record high because of this year's devastating drought. the corn used to make ethanol meaning the drought could push gas prices higher. an attorney attorney general is investigating a flagship energy drink and ingredients monster isn't saying who but they say this ag is looking into advertising and marketing of its dins. prosecutors determined there is no viable bay is for bringing a criminal prosecution against goldman sachs. a committee concluded goldman sold mortgage-related investments to clients but didn't tell clients goldman was betting against the investments. yesterday better than expected report on jobless claims. at the new york stock exchange, i'm jane king. >>> next, it is an early morning for south bay famili

their outlook for american eagle outfitters is really outpacing both arab postal and abercrombie and fitchd my the only one that cannot keep these things straight. >> reporter: i agree. thank you very much. the federal reserve released its minutes from his most recent meeting that came out at 2:00 p.m. eastern. liz: s&p and nasdaq immediately turned positive. more quantitative easing or large-scale asset purchases were discussed. no action was taken. we know that. should the fed make a move? senior fellow at the peterson institute for international economics and a former federal reserve monetary ssc director and once more action. on the other side, oppenheimer fund chief economist thinks now is not the time for quantitative easing. before now not. that me get to joseph first. the first two rounds of quantitative easing. very salubrious or positive effects on the market which is not why they should be doing its, some people say. correct? >> that's correct. it is not about the markets. it is about employment and inflation. we are really having lesson plan and then we need, and inflation is a

retailers suing a mall knot of sacramento, macy's, sears, express and ab come am pro am come bee and fitch. the stores would have suffered little or no damage. the mall is telling companys to take it up with insurance agents. the fire caused $55 million in damage, part of the mall was shut down for months. >>> there is a new surveillance video. this is crooks breaking in to a dallas store by driving through a wall as you can see in the video, the thieves crashed in to the store, that place has been hit 15 times in three months. that store owner bought 26 security cameras. he was monitoring the store from home when he saw two shadowy figures lurking around. they were able to chase the suspects away before anything was stolen. >>> olympics are winding down in london. the u.s. should easily top 100 medals , the u.s. womens track team set a world record in the 4 by 100 relay. the first american gold since 1996. winning time under 41 seconds. on the second to last day the fastest human will go for his third gold in the 4 by 100- meterrer relay. the basketball team will shoot for a 5th straight

bradley not in good shape, but he saves par with this clutch fitch teen footer -- 15 footer.d to make this bogie putt to make the playoff. it was a first in the pga championship. and this abc7 sports report was brought to you by river walk casino. >> thank you very much, rick. >>> well, still to come, wildfires continue to rage across oklahoma. but there is some good news tonight. plus a war of words on the presidential campaign trail. and why social security may no longer be such a good idea for young americans. >>> good evening. i'm alan wang. in tonight's headlines, members of a sikh temple in san jose held a prayer service for those killed in wisconsin. a gunman opened fire there wounding 10 people and killing six. the gunman was killed by police. >>> curiosity has landed. the rover touched down on the surface of mars approximately an hour ago. a big crowd at ames research center in mountain view cheered when the rover landed. >>> and the superman ride at six flags in vallejo was back up and running. it was closed for a week following last weekend's incident where a dozen

as bizarre as these moves may seem, considering the amazingly curious case of abercrombie & fitch, an outfit that -- that endlessly pursues me as a male model for their hollister division, and i have to keep saying no because i wear brione. 15 days ago -- 15 days ago a and f issued horrendous downside guidance of 18 cents versus what the street was expecting. this week abercrombie reports 19 cents, a penny higher than the cut number that i gave you a fortnight ago. wait, not as nutty as j.c. penney where my mom got her venetian blinds. sales down 19%, forecasts way too high. the stock zoomed up, not down. penney and abercrombie had something in common despite the crummy results. they were both heavily shorted or bet against by hedge funds which were counting on the disastrously performing companies to keep, well, performing disastrously, but these were mirror images of walmart. if a company does exactly as badly as it was supposed to do and not worse, that doesn't bring out new sellers. in fact, in the case of a & f it brought in buyers including the company itself which announced a b

abercrombie & fitch, in manhattan, there's a line around the corner. it's a crazy situation.hen i was in paris there was a line. did you see this? >> yeah. >> unbelievable. yet not a lot of people love the stock. >> what's happening with abercrombie & fitch is prices got a little bit too high. certainly here in the u.s. we're not seeing tourism as great as it has been so that store in new york isn't getting the same sales volume. there's a lot of competition in the teens. the new competition is the fast fashion retailers, whether it's forever 21, h and m. newness and differentiation are key and they have to have more spunk in order to be able to drive the sales. >> who else is doing well in teen retail these days? >> it's funny. it's always retreads that come back. right now we're seeing american eagle. with the new ceo in place is taking a little bit of share driving better sales gains. they've been doing better than others. >> adrianne? >> the ones that are on trend and value. you're seeing the juniors do really well at off pricers. value is envogue. >> keep talking about v

abercrombie and fitch. apparel. nike apparel.o phillips, las vegas sands though that guy is in the news a lot lately. that's the fellow involved with the romney campaign now. we'll keep nike. enough already with the teen apparel abercrombie. we'll throw in a health care name. let's do celgene! and wynn resorts? let's do disney. that's a nice mix. there you get -- obviously loves entertainment. then he's diversified. patricia in florida. >> caller: patricia is here in florida. >> man, i love out there. what's up? >> caller: well, let's see. what we have here is apple, macy's, bank of america, aig, scott's miracle-gro. am i diversified? [ buzzer ] >> okay. e macy's, terry is doing a great job. m is one of my favorites. i like nordstrom more. action owners plus.com has aig. it's been a major league tear. ♪ hallelujah insurance, apple. come on. what can i say that i haven't said already tonight? bank of america, i'll tell you this. it's a bank. scott's miracle-gro are on my bad list. they came on, blew up, blew uh up, blew up. i may

bradley not in good shape, but he saves par with this clutch fitch teen footer -- 15 footer.e had to make this bogie putt to make the playoff. it was a first in the pga championship. and this abc7 sports report was brought to you by river walk casino. >> thank you very much, rick. >>> well, still to come, wildfires continue to rage across oklahoma. but there is some good news tonight. plus a war of words on the presidential campaign trail. and why social security may no longer be such a good idea for young americans. >>> good evening. i'm alan wang. in tonight's headlines, members of a sikh temple in san jose held a prayer service for those killed in wisconsin. a gunman opened fire there wounding 10 people and killing six. the gunman was killed by police. >>> curiosity has landed. the rover touched down on the surface of mars approximately an hour ago. a big crowd at ames research center in mountain view cheered when the rover landed. >>> and the superman ride at six flags in vallejo was back up and running. it was closed for a week following last weekend's incident where a d

and of course analyzing the analysts bull and bear cases for abercrombie & fitch. who is right?sell, do what? join us on power. now back to scott and fast half. >> investors continue to worry about the pace of china's growth, credit suisse said one part of the country's economy is set to bloom. >> i think our viewers we agree for many industrial end markets chinese growth going forward will be very subdued. i think automation is a big difference and that's really by automation i mean factory managers are using hardware and software to replace labor. that's a function of rising wage inflation, wage inflation is here. it's accelerating and force manufacturing companies to keep on investing more and more in the automation of their plants. >> let's cut to the chase and go the winners. who win? >> three main companies we're focused on. one is rockwell auto makes. second is emerson electric and third is siemens in europe. >> how dramatically is the chinese economy slowing? are you looking for a hard landing? >> growth for industrial companies is really at a trough right now. you had a