for "nightly business report," i'm morgan brennan. >> i don't know about you. i'm feeling disor yenltd.ienteddisoriented. we haven't talked about greece in three days. >> i know. but we'll be back. >> thank you for watching. thanks for me as well. have a great evening and we'll see you back here tomorrow night. may be we'll even talk about greece. >> we probably will. >>> tonight on "quest" -- just how many fish are in the sea? northern california scientists are using underwater robots to figure out if marine protected areas are helping to bring fish populations back from the brink. >>> and humans have been staring at the sun since the dawn of humanity. "quest" gazes at a nasa mission aimed at unlocking the secrets of the earth's neighboring star. >>> major funding for "quest" is provided by -- the national science foundation and the corporation for public broadcasting.

for "nightly business report," i'm morgan brennan. >> i don't know about you. i'm feeling disor yenltd.ienteddisoriented. we haven't talked about greece in three days. >> i know. but we'll be back. >> thank you for watching. thanks for me as well. have a great evening and we'll see you back here tomorrow night. may be we'll even talk about greece. >> we probably will. this is masterpiece... i have a task especially suited to your gifts, sam. modeling fine suits? charming the daughters of the rich? you think i don't see how you scheme and maneuver? i have told you, he is nothing to me. moray: we cannot let anything come between us. no secrets. tom: what do you think i should do with it, jonas? jonas: perhaps food, sir. the smell of it on the street. jonas: do you wish me to contact mr. fenton, sir? the paradise tonight on masterpiece. funding for masterpiece is provided by: masterpiece is made possible by contributions

i'm morgan brennan. >>> boeing drags down the dow and that is where we begin the market focus. the economy will take a big charge in the second quarter to deal with a problem that its developing for the u.s. air force. they will lower the earnings for the year. shares for off 1%. >>> j.b. hunt reported earnings that rose less than expected. they. >> reporter: hurt by a decrease in fuel and druk load services. the shares fell a fraction. >>> shares of rapid 7 went the other way. the cyber security firm priced shares at $16 a piece. above the expected range and it's valued now at $1 billion. cory thomas says the firm is solving a major problem for campaign. >> reporter: right knew there is still a lack of awareness, believe it or not, in the market. and i think what happened with the help of the press, with more awareness, companies are starting to realize they no longer can ignore cyber security. >> shares ended the day after $25.28 that is an increase of the day of 58%. >>> sun trust bank reporting earnings and revenue this is seconds quarter expenses fell. and revenue did slip

let's go back to morgan brennan live in charleston south carolina. hi morgan. >> hi, tyler.ady to unveil the winners of the safe energy security prize. just to recap, we had three finalists. pelocontinue tech pelotin tech lchlt we have a price pies of $175,000. the first place winner will walk away with a $125,000 check. this has been generously donated by the intertech group and the zucker family who are bearers of the check here behind me. just to recap, two panels of expert judges and 50,000 votes from the public. here we go. the second runner-up is -- pelotin technologies. congratulations. >> thank you very much. thank you. >> you'll be taking home $15,000 today. congratulations. we are going to jump right to the grand prize winner. the grand prize winner is -- momentum dynamics. congratulations congratulations to both of you. >> thank you very much. thank you. >> if you wouldn't mind taking this check, i have to just ask you what you are going to do with this money? what is the first thing you are going to do when you take this check home to cash it? >> i have to talk t

morgan brennan is here with details in this morning's cnbc business news.ood morning. >> good morning to you. microsoft is rolling out windows 10 today as a free upgrade for people who currently use windows 8 or older versions. microsoft alienated many traditional pc customers with windows 8 which focused heavy on features for tablets. the windows 10 brings back the old start menu and lets users pin items to their task bar. turning to wall street futures are higher as the market looks it add to tuesday's gains. stocks snapping a five-day losing streak yesterday amid more stable global markets. the first rise in oil prices in nearly a week. keep an eye on the fed today. the fed is wrap up its two-day meeting with investors looking for a clue as to when it may begin raising interest rates. we're also getting data on pending home sales and earnings from facebook after the bell. taking a look at the dow which rose 189 points and the nasdaq is up 39 points. back over to you. >> a lot to watch today. morgan brennan with cnbc. thanks. >>> now your nbc 10 first ale

for "nightly business report," i'm morgan brennan. >>> to johnson & johnson it raised its stock. and it reported better than expected earnings but revenue did drop sharply in the second quarter amid disappointing sales amid softer demand to the hepatitis c drug. it finished lower by one half of a percent. >>> the bank reported improved profits but declining revenue which it attributed to the investment banking business but lower expenses helped the bottom line so by the end of all of that jpmorgan shares rose more than 1% in trading today. >>> with the major indexes not far really very close to their all-time highs what's keeping the market afloat? yesterday, we told you that half the stocks in the large cap russell 1,000 are down by 10% or more from the recent high correction territory. now we look at the record levels and why these companies matter so much to the market. >> reporter: despite all of the negative headlines both here and abroad the u.s. stock market continues to be one of the most attractive places to invest. and while pessimists are reporting to the large number

here's morgan brennan with a look at the shippers and the rails. >> r here's what to watch for in the transportation sector in the second half. volume. es for railroads. this year has been a bumpy track for rail stocks like union pacific northern and cfx as coal has fallen due to low energy prices and a stronger dollar. analysts expect the numbers to stay weak over the next few months before stabilizing in the fourth quarter as volume comparisons to last year become less challenging. consumers shod fair better as it translates into more spending. should boost trucking which moves the majority of retail products and, with it names like swift transportation night transporta and warner enterprise truc volumes, while growing, have been softer than anticipate that is expected to pick up as we head into the holiday season. lower diesel prices should also bolster pr of holidays ups and fedex are already gearing up for their peak seasons. they are going to implement new pricing strategies to make the most of their shipping network. the question now, if they do will those costs trickle down to

for "nightly business i' morgan brennan. >>> the transports and basically of the industries that we've disc benefit if oil prices stayed at the low levels that we few factors could cause volatility. jackie deangeles will tell us what to look out for. >> rep here's what to watch in energy for the second half of the year. domestic supply the market has certainly been off balance, despite the roughly 60% in oil rigs oil production is still 9.5 million barrels per day. there could be a pressure that could drive oil down to the 40s or even perhaps the 30s. also in focus, geo politics. how do conflicts in the middle east play out and will opec producti be threatened? the cartel will meet again in december. if there are no issues of violence across the region, wille cartel decide to cut production? there's iran. if the nuclear deal is reached and sanctions lifted will the internate flooded with oil? and what did demand? eurozone is a concern of oil prices to come. that's your second half energy outlook for "nightly busine" i'm jackie deangeles. >>> and finally tonight, the roads will be the b

morgan brennan reporting. >> we've got about 15 minutes before the closing bell.es industrial average remains in negative territory as the s&p 500. >> david darst next. when a moment spontaneously turns romaic why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cial

back to you. >> thanks morgan brennan. a lot of things to peak at but we're in a market environment where you ring the register on the ones that have gone up a lot, right? >> that's exactly the market we're in. we've been rain trading. if you get something up five, ten, 15, 20%, why not take profits? that's the prudent thing to do because we don't know what will happen this weekend. that reversal on monday, i thought, too, that wait, we're off to the races and it just completely faded. >> down 17% is a start to look interesting. >> yes, it does. i'm not nibbling in the after hours here but it does look interesting down there. i'll see what it does to fire eye and palo alto and the others in the space basically, how much sympathy do they give it or were their bookings stronger? this was an inline corner. they had some sort of squish or soft dguidance. we'll see whether others follow suit or hold. >> shake shack losing falling more than 2% as another firm saying sell. goldman downgrading keeping the $37 price target. shares

i'm morgan brennan with this alert. schlumberger beat by 9 cents.enue of $9.01 billion was better than expected. oil field services company said the 12% decline overall in revenue from q 1 was driven by a quote dramatic decline in north american land activity as the rig count fell 40%. schlumberger ceo now expects 2015 investment to decline more than 35% and decline 15% internationally, also saying that the north american rate count may be touching bottom and that the latest oil data quote points to a tightening of global supply demand balance with, even with additional supply from iran. so a beat on both the top and bottom line but keep in mind, still lower than we saw a year ago, still lower than we saw in the first quarter, melissa, back to you. >> morgan brennan, thanks so much for that. the stock is moving higher and yet, the outlook looks terrible down 35% north america. >> i think schlumberger is a consensus long. people are hiding out in the stock and sure all the lower quality, sure the pten, or the basics and they are along short those nam

morgan brennan joins us from cnbc with more on that. good morning. >> good morning. so fiat chrysler agreeing to record breaking $105 million settlement after an investigation was concluded that the recall practices found the automaker failed to complete the safety recalls covering 11 million vehicles. this includes a $70 million cash penalty and an agreement to spend $20 million and as you mentioned a buy back of half a million vehicles. >> all right, morgan brennan from cnbc, thanks. >>> hey, if you still have some vacation days left, consider yourself lucky. there are still deals out there for some last minute summer trips. in fact, travel anywhere is especially cheaper in august. because most people vacation in june and july. >> late summer, take advantage of the fact that the hotels are trying to fill their rooms. look to book a package. >> the travel experts say the best bargains are when you bundle your hotel and airfare. if you're driving add the retail me not app to your phone. that will tell you the best places to stay and eat. >>> right now gas prices are

morgan brennan is live now with yahoo's new product launch event in new york. . >> this is george peterson. >> we're in downtown manhattan where yahoo just launched a new consumer product. called live text, a mobile messaging app that combines text messaging and video. but no audio. so here's how it works. i've got it open on this phone and i'm going to chat with the person on the other end. >> we can have a whole conversation. here's the concept. we can have a private text message conversation but still have the context between those two users, see the other person's reaction, be able to do it anywhere. so live text is going to be available for download in the u.s., canada, germany, france, and france and the uk starting tomorrow going to be available on ioen is and android devices, specifically smartphones. a free download. you might be wondering how is yahoo going to make money off of this? this came up in the q&a, have a listen. >> what we always find on these consumer products is once you get to scale, there are opportunities to monetize, we'll look for wha

. >>> let's get down to business with cnbc's morgan brennan. >> the market is looking to snap a five-daylosing streak today. stocks fell monday after china's market suffered the biggest one-day decline since 2007. that sparked worries about the world's second largest economy. china is down again, but european and other asian markets are shrugging that off. oil prices continue to drop as well with u.s. oil prices trading around $47 a barrel. meanwhile, volkswagen outsells toyota in the first half of the year. the first time the german automaker has come out on top in global sales. gm which held the crown for decades before being unseated by toyota in 2008 reports figures on thursday. >>> and ebay is ending its one-hour delivery program. the pilot service launched in san francisco in 2012 expanded to the rest of the area new york chicago and dallas. after that couriers used cars and bikes to deliver items from stores such as best buy and macy's. >>> melissa, back to you. >>> thank you. and just ahead, the nfl team that just hired a female coach, plus new video of a moment a racing boat fli

back over to you. >> morgan brennan, thank you. josh brown, are you aware of xoom?aware of what they do and what they could represent to paypal. but i want to make a more important point. when you get a spinoff pitched, you have to spin this off, you have to spin this off, one of the primary reasons is we're going to have a new management team that's just focused on this one side of the business and they're going to be more aggressive and more open to opportunities, et cetera. so this is actually a very positive sign. if you're long ebay, you're looking forward to the paypal spinoff, and you believe this is going to add value, this is the exact you thing you want to see, mel. you want to see a new management team super focused on opportunities. that's what a deal like this represents in my eyes. i like ebay broadly. i like the paypal story. i think the platform has potential. >> still ahead, the crisis is greece. in greece is captivating the headlines. but could china be the real threat to the global markets? the shocking charts you have to see up next. plus, it's l

morgan brennan is here with that in this morning's cnbc business news. gan, tell us more. >> good morning. best buy will become the first retailer other than apple stores to sell the apple watch. the watch will be available online and in more than 100 locations. that starts on august 7th with another 200 stores planning to have them in time for the holiday shopping season. apple's earnings reports last week the company did not give an exact number of watches that have been sold since its launch earlier this year. they said they were above expectations. stock futures pointing to a lower open after last week was one of the worst for the markets so far this year. international fears likely weighed on the u.s. stocks. investors will have a lot to consider domestically as well this week. we have a slew of earnings reports, a federal reserve meeting. also gdp report over the next few days. there should be a lot of headlines and movement for u.s. stocks this week. guys, back over to you. >> we'll see what happens. thanks so much. >>> now your nbc 10 first alert

let's get to morgan brennan for the details. hey, morgan. >> hey, melissa.sx reporting an earnings beat. 56 cents per share adjusted. that was three cents higher than analysts had expected. however, revenue was 3.06 billion and that was light. it represented a 6% decline as higher prices were offset by lower volumes. but falling fuel costs and increased productivity did help a key metric of railroad profitability, operating ratio. that hit a record low 66.8% for the quarter. energy the biggest focus. domestic coal volumes expected to fall 10% in 2015 for csx and export coal which has been dented by the strong dollar is expected to remain weak. but there was a relative bright spot that was intermodal, containers of cargo that move between trains, trucks, and ships. >> we've been able to grow that market about 7% a free on the domestic side over the last three years and our domestic intermodal this quarter was actually up 9%. we think there's great vibrancy there. >> the railroad also reiterating earlier eps guidance for 2015 and look at shares of csx in the a

morgan brennan is here with that. good morning. >> good morning to you. that's right.ebay is ending one-hour delivery program called ebay now. the pilot service was launched in san francisco in 2012 and expanded to the rest of the bay area, new york city and chicago and dallas. couriers used cars and beaks to deliver items from stores such as best buy and macy's. ebay has been competing in a crowded field, however, it has rivals such as amazon and google who have been testing same-day delivery service. meanwhile on wall street, futures are pointing to a higher open as the markets look to snap a five-day losing streak. stocks well monday after china's market suffered its biggest one-day decline since 2007. oil prices continue to drop. u.s. oil provisions are trading around $47 a barrel. today we're getting prices on home prices and consumer confidence within including ford pfizer and merck reporting. the nasdaq down 48 to 5039 yesterday. >> a lot of people watching today. thanks so much. >>> now your nbc 10 first alert weather. >> 5:26. 74 degrees. some areas of og manl

. >> for more on that let's turn to morgan brennan live as cnbc world headquarters.morning. >> good morning. due tours pointing to a higher open as the markets look to snap a five-day losing streak, stocks fell monday after china's market suffered its biggest one day decline since 2007 sparking worries about the world's second largest economy. oil rises continue to fall as well, who those are trading in the u.s. around $47 a barrel and we are getting date at that on home prices and consumer confidence also already starting to get earnings before the bell from ford, pfizer, meshing and ups. the dow falling 127 points to 17,440, the nasdaq down 48 points to 50.39. mean while volkswagen outselling in globa) sells is. gm which held the sales crown for decades before being unseated by toyota if in 2008 reports figures on urs this. ebay is ending its one hour delivery program called ebay now. the pilot service launched in san francisco in 2012 and exp d expanded to the rest of the bay area. cure years used cars and bikes to deliver items from stores such as best buy and m

you hope heard a little bit of morgan brennan's report there so what u.s. and western industries are likely from where you sit to be the first into iran, what do you say? >> from what we've been seeing in our company, tyler, over the last year or 15 months post-geneva deal we've had tremendous number of foreign investor delegations visiting us in iran from many of the european countries but also including some from u.s. and from -- from what -- from pure speculation and the sense that i get is that probably the sectors that will move in quickly and first are hotels and hospitality obviously. iran has a lot of tourist potential and tourism potential and for the past three and a half decades it's been closed to a lot of foreign tourists and also not many hotels were being built and none of the multi-national hotel companies are in iran. hotel sector is very attractive and they will move in very quickly. >> that's very interesting. a lot of people would instantly immediately say it would be the petro chemical companies, top of the list but you say hotels hospi

. >> morgan brennan following caterpillar. the company matching estimates. the stock down 2%. >> eli lilly is flat after they beat estimates. >> shares of gm up more than 4% as that automaker beat estimates big-time. >> what an impressive quarter for general motors relative to what many were expecting. the stock had been beaten down in anticipation of perhaps some weakness in china and perhaps not strong numbers in north america. that was not the case. in fact, north america and china were the two profit drivers in the second quarter for general motors and more importantly for investors, margins were above 10% and for the remainder of this year general motors expects business to be even stronger in part because of pick-up trucks in north america. >> our pick-up share in the second quarter was up close to 3 percentage points on a year over year basis. so we continue to see a lot of strong demand for full-size pick-ups, suvs and crossovers. >> to drive that point home think about this. year to date general motors pick-up sales, both full-size and mid-size up 2

i'm morgan brennan with this earnings alert. chipotle beating on earnings by a penny with revenue largely in line. however, comp store sales were 4.3% for the quarter. that was weaker than expected. so a reason for those weaker comp sales. the company's pork shortage after it cut ties with a supplier that didn't meet standards. the company saying 40% of restaurants are still temporarily without carnitas. on the call executives saying they found a new supplier and will be bringing pork back on a market by market basis. expects to make up any lost sales tied to this outage. company also saying it sees slightly better sales in july and that's tied to the price increase we've seen on steak and barbacoa. no resistance to those price increases so far. executives say. those 40% of restaurants haven't seen those price increases and it's mainly the ones without carnitas. we haven't had any bounceback from carn imt zas in guidance. the mexican chain continuing to expect low to mid single-digit comp sales for 2015. however, after plunging

. >>> we turn to morgan brennan with cnbc. >>> after an investigation into the recall processes, chrysler found to have failed 23 safety recalls that would have recovered 111 million vehicles. cash penalty, agreement to spend $23 million on meeting new requirements and buyback of half a million vehicles. >>> stock prices are pointing to a lower week opening after last week the lowest opening of the year so far. after the shanghai stock market collapsed 8.5% today on slowing concerns of a slowing -- on concerns, excuse me of a slowing chinese economy. >>> best buy will become the first retailer other than apple stores to sell the apple watch. it will be available online and in more than 100 stores. that starts august 7th with another 200 stores claiming to have them in time for the holiday shopping season. in last week's apple's earnings report the company did not give an exact number of watches sold since its launch but did say they were above expectations. so now you'll be able to get those watches if you're so inclined at best buy. back over to you. >> thank you very much. >>> red sox/t

for more on that and the rest of our news before the bell we turn to morgan brennan. good morning. >> good morning. stock futures are pointing to a lower open after last week, it was one of the worst markets so far this year. international fears are likely weighing on u.s. stocks after the shanghai composite collapsed more than 8% on concerns of a slowing chinese economy. best buy will become the first retailer other than apple stores to sell the apple watch and the watch will be available online and in more than 100 locations starting august 7th with another 200 stores planning to have them in time for the holiday shopping season. in apple's earnings report last week the company did not give an exact number of watches sold since its launch but did say they were above expectations. >> fiat chris clear agreed to a record breaking $105 million estimate after an investigation into the company's recall practices. the national highway traffic safety administration found that the auto maker failed to complete 23 safety recalls covering more than 11 million vehicles. the tin

morgan brennan now joins us with the u.s.cks most in jeopardy of falling as we look closer at the china picture. morgan. >> hey, kayla. so blame china seems to be the refrain this earnings season so far. even though china reported 7% growth -- gdp growth for its most recent quarter, that doesn't seem to be helping american companies doing business there. take caterpillar which slashed full-year revenue guidance yesterday. the ceo telling cnbc that the mining and construction equipment industry in china has been cut in half over the last year and that that's weakness that's not expected to go away any time soon. we've seen caterpillar trading at multi-year lows on the heels of that. industrial giant united technologies cut being its 2015 earnings outlook for continuing operations. that's thanks largely to china's cooling property market. new records for utx is otis elevators, fell 10%. new chinese orders for the company's climate controls and security segment plunged 15%. techs also feeling the china crunch. ibm saw a 40% drop

let's get out to morgan brennan. hey, morgan. >> hey, seema. facilitate that growth the company is investing $5 billion over the next several years to develop a new lineup of chevy compact cars and suvs with its chinese partners saic. the vehicles will start going on sale in 2019 and the $5 billion will cover gm's costs for engineering the vehicles and retooling in china, brazil india, and mexico and that's equal to what gm is spending to update its u.s. assembly plants over the next three years. the president told reporters on monday they'll use common components. it's part of the company's plan to consolidate the number of design platforms it uses worldwide from 26 now to just four by 2025. a amond says it doesn't currently sell a, but if successful it could account for nearly $2 million in annual sales. it could compete with rivals such as nissan renault and gile. it's got high-tech features like wi-fi, navigation and onstar service. back to you. >> thank you so much. having a great day. >>> moving on to gaming rovio set to make an announcem

morgan brennan has those results. >> that's right.rting $4.45 adjusted per share beating street estimates by one penny on revenues of $1.2 billion in line with expectations. same-store comps coming in light. $4.3% versus expectations of 5.7%. taking a look at chipotle after hours, plunging down 7% right now. back to you. >> down 7%. >> tim seymour is here. do you like chipotle? >> if you come in with a 45 multiple, if you rallied 13% into these numbers effectively from july 6th through today's close, it was up from $600 to $675. we've got a company difficult to support these comps. technical things like short interest down in this company. i think this is the kind of thing -- we haven't seen gopro, but this is what the market needs to see out of high multiple stocks. if you are investing in fast food, you don't want to chase a high multiple. >> it has to be comp store sales increasing 4.3%. this is always going to be the number to watch. last year weren't we at 17%, 18%? >> even though they had such a high same-store sales number last

let's get the full story with morgan brennan who is live at cnbc headquarters. hey, morgan. >>> so fiat chrysler agreed to a record-breaking $105 million. that's ever u.s. federal regulators concluded an investigation into the recall practices. the ntsb finding that the automaker failed to complete safety recalls that included 11 million vehicles. a settlement of $70 million and cash penalty on $20 million on meeting requirements also a potential for another $15 million fine if further violation, found. fiat chrysler issued a statement acknowledging the violation saying quote, we also accept the resulting consequences with renewed resolve to improve our handling of recalls and re-establish the trust our customers place in the u.s." in addition to the record-breaking fine also fiat chrysler offered to buy back more than 500,000 dodge chrysler pickup trucks that have defective steering. and also cars can be repaired after a defective gas tank. this comes after hackers were able to hack the u-connect dashboard computers. the company had already released a software p

morgan brennan has been following the big movers. >> hey, tyler. right now we're down about 14 almost 15 points for the nasdaq composite. however, that's certainly better. repairing losses versus the 1% drop coming out of the gate this morning for the nasdaq. in terms of what's moving. we have a bright spot. kraft heinz company. the newly emerged food giant up 2.5% since its debut this morning. seeing a bounce in biotech. those names started lower today but they've since turned positive. the nasdaq, biotech, etf, ibb is up .5%. that's led by a small cap called versartis. that stock is soaring. big cap biotechs all contributing the most in terms of positive points to the nasdaq 100 today. on the flip side we're seeing a lot of weakness in chinese adrs. chinese online search giant baidu is one of the big losers. that's on concerns about slowing growth in china and moves by the government there to basically stabilize or at least -- yeah i guess stabilize the mainland stock market there. that's pushing down j.d.com as well. weibo is lower. netease, a s

morgan brennan has a special report next. en power outages in the us are caused by weather.utilities can now predict where the power will go out, within a few city blocks. working with ibm they're combining micro weather forecasts with detailed data from local sensors. to predict where outages are likely to occur. and send crews exactly where they're needed, when they're needed. ibm analytics from the internet of things is making energy smarter every day. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep them all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberyy apple scones smell about done. ahh, you're good. i like to bake. with at&t get up to $400 dollars in total savings on tools to manage your business. over 20 million kids everyday in our country lack access to healthy food. for the first time american

cnbc's morgan brennan is live with that story. >>> good morning, microsoft is rolling out windows 10. that's a free upgrade for people using windows 8 or older versions. microsoft focused heavily on features for tablets. the windows 10 brings back the old start menu and lets users pin items to the task bar. it incorporates for voice including court tane ging cortana. back to you. >>> there's a lot of social outrage aimed at a dentist out of minnesota who killed cecil the lion. walter palmer said he didn't break any law when he shot and killed the lion. hunters lured cecil out of the park. palmer closed the doors to his dental practice yesterday. people from around the world are flooding palmer's business with negative reviews. his yelp review has been bombard bombarded with one-star ratings. they've shut down the page. >>> i want to turn to tom kierein. there's got to be some positive that you can come up for us today because what we're feeling outside is not good right now. >> there isn't, sorry? >> okay. >> at least you're honest, right? >> at least the sun's breaking out now after

morgan brennan has the whole story. >> there is quite a story to be told here.composite. despite today's rally this is still down 27%, almost 28% over the past month. that's weighed on industrial commodities as investors worry about the country's slowing economic growth. remember china is not only the biggest producer of industrial metals but it is also the biggest consumer accounting for upwards of 40% of global consumption. as chinese stocks have dropped, so have metals. take a look on the london metals exchange. copper is down about 10%. nickel down 19%. lead down almost 11%. zinc almost 10%. aluminum as well down almost 6% that's over the past month. certainly issues in china something coming up in alcoa's earnings call last night. nickel, which gets used with stainless steel is down 19%. but iron ore has also hit an all-time low yesterday. analysts know that tepid demand and oversupply fueled by china were already pressuring prices this year. we've seen china exports flooding markets like the u.s. as its domestic demand has waned. all of this is playing out

cnbc's morgan brennan with why ebay now is over before it ever really got started. morgan? >> good morning. so ebay is ending the one-hour delivery program that's called ebay now. pilot service launched in san francisco in 2012 and then expanded to the rest of the bay area, new york city, chicago and dallas. couriers used cars and bikes to deliver from stores like best buy and macy's, but they're competing in a crowded field with amazon and google also testing same day delivery service. meanwhile wendy's will start testing chicken products that are free of antibiotics. the fast food chain is stopping short of a prodder commitment. in march mcdonald's said it would curb antibiotic use in chicken and chick-fil-a said it would stop all use by the end of the decade. >> thanks. >>> starting next year students applying to george washington university won't have to include s.a.t. scores in their applications. g.w. said standardized test scores will no longer be mandatory. school officials say students' high school record and gpa are better indicators of performance than s.a.t. or

let's get out to morgan brennan at cnbc headquarters. you better start with yelp.down at 19%, $27 in premarket. ouch! >> ouch is right. this is really a case of what do you want to hear first, the good news or the bad news? as you mentioned, we're going to start with the bad news. yelp's second quarter results. the online review site reporting the slowest revenue growth in 18 years. third quarter revenue is well below analyst's forecasts and cutting the full-year outlook citing slowing in sales. they're trying to beat google and trip adviser. they're adding services such as payments and restaurant bookings. it now plans to phase out display ads by the end of the year to focus on more local ads. yelp also says chairman and early investor max ludchkin who co-founded paypal is stepping down to pursue other interests. they plan to take up the issue in september. yelp shares are down big. down 17% in after hours trading at a two-year low. in europe down more than 18% right now. let's turn to the good news. gilead sciences reporting better than expected second quarter sa

cnbc's morgan brennan has more on the settlement and how it could get you a new car. good morning. >> good morning. so fiat chrysler agreed to the record breaking $105 million settlement after the investigation into the recall practices. the national highway traffic safety administration found that the automaker failed to complete 23 safety recalls covering 11 million vehicles. it includes the $70 million cash penalty and an agreement to spend at least $20 million on new -- on meeting new requirements and a buy back of half a million vehicles. back over to you. >> thank you. >>> 6:51. tom is here with us this morning. things are clearing up a bit? >> yeah, after an early wake-up call courtesy of thunder and lightning that came through around 5:00, 5:30 this morning. now that's crossing to the bay, where you see the yellows and oranges. raining pretty hard over there. almost tropical like downpours there. but they're moving off to the east and exiting the metro area. we have wet pavement. there may be ponding of water in prince george's county. parts of charles county

cnbc's morgan brennan is joining us. >> good morning. amazon wants to one-day drop by drones. the company is proposing drone zones for high-speed flying machines between 200 and 400 feet off the ground for added safety, amazon's plan also includes a 100-foot no-fly zone just above that, as a buffer between drones and other types of aircraft. the faa is expected to finalize the rules for commercial drones next year. >>> meanwhile, more pain in the oil patch. chevron is laying off 1500 workers or 2% of its global staff as it cuts costs to offsociety falling oil prices. most of the layoffs will be in it if where chevron is developing land to drill for shell oil. oil prices are down more than 50% in the past year on concerns of oversupplies. of course that it's good for folks paying at the pumps. >>> police want to know what led to a pepper spray incident on a metrobus in the district. crews rushed six people on the bus to the hospital. this happened at georgia and irving streets in northwest yesterday afternoon. the bus was going from silver springs to the national archives. and

morgan brennan is there with more. >> yahoo is getting set do unveil a new consumer product.ll the details of the product but here's what we do know. it is live text, now yahoo launched a live text app in hong kong with the apple itunes store in hong kong. we know it's a mobile messaging app that brings together text and video, but no audio. and now this would also make sense because we've been getting reports that yahoo has been looking to revamp its messaging services. but we're not going to get details about live text and what that looks like when it launches here until the event starts at noon eastern. back over to you. >> morgan, thanks so much. >>> now let's take a look at a two-day chart of akamai, the stock taking a dive after reporting an 8% drop in profits due to stronger dollar and rising costs. what will it take to turn this story around? tom leighton is the ceo of akamai. google has long had its own means of delivering content. you've got facebook and others, netflix has been able to put pressure on the delivery infrastructure. they're capable of doing some of wh

. >>> i'm morgan brennan with your cnbc news update for this hour. authorities have identified john russell howser, 59, of alabama as the suspected lone gunman who opened fire in a crowded movie theater in lafayette, louisiana. court documents from 2008 show he was so violent that his wife removed his guns from their home and his daughter asked authorities to keep his away. >>> secretary of state john kerry says if congress disapproves of the iranian nuclear deal, it will undermine president obama's ability to act throughout the world. he defended the deal before the council on foreign relations in new york. >>> cook county judge ruling that an overhaul of two chicago pension funds is unconstitutional. if upheld, taxpayers could end up paying millions of dollars into the two retirement funds, the matter could end up before the state's high court. >>> and world wrestling entertainment has severed ties with its biggest star, hulk hogan. officials said it terminated the contract with the wrestler. amid reports that hoguele used racial slurs in a convers

. >> thanks so much, morgan brennan. up quarter of a percent. that's after declining 5% and hitting a new 52-week low in the regular session. that sound bite from klaus kleinfeld i thought it was bizarre. >> it was a little bizarre. the one thing about alcoa is we have seen some activity. dan-u may have written about it but we've seen some activity previous to this, some pretty enormous put buys along the way as well. you always wonder are people looking for more down side? 52-week low, not much of a bounce back today. is there more down side for some of these commodities? >> he mentioned trucks. look at navistar. this one is making new five-year lows right now. i don't see that. and when you look at this thing, we did it last night on the show, alcoa $8. that's where it flatlined for a couple years. 10 1/2 here. there was not a whole heck of a lot of silver lining in this thing. that's probably where it goes if we don't see an uptick in global growth anytime soon. >> earnings season about to kick into high gear. big names reporting this week an

. >> let's check your news before the opening bell, morgan brennan is live at cnbc headquarters.> good morning. stock futures are pointing to go a lower open after last week with one of the last four markets so far this year. international fears likely to weigh on u.s. stocks today. that's after chinese stocks, the shanghai composite collapse more than 8% today. on concerns of a slowing chinese economy. also investors will have a lot to consider dom clee this week, including some major energy companies like exxonmobil and chevron. a federal reserve meeting in the middle of the week and gdp report over the next few days. there should be a lot of headlines this week and we are expecting stocks to open lower in just a little while. back over to you. >> i think every week ought to start with a little monday morning -- the latest from the greek prime minister is a doozy. former greek finance minister giannis varoufakis sent up a program that would take money from taxpayers in order to keep these banks liquid. basically a bank robbery by the government. they never flipped the switch bu

>> morgan brennan thanks for nap for more on shake shack let's get to the one and only herb greenberg of pacific square research. on the "fast" line. you've been looking at the filing. what did you find? >> they're selling 4 million shares, insiders selling 4 million shares or at least registering to share 4 million shares of the 19.8 million this gruch insiders own. of course you could have more sales as a result of this but the thing you have to think of is this. not every company files a secondary. some do, some don't. we have so many companies with very limited shares outstand zmeng it's almost like as they come into the marketplace they want these registration statements to prime the pump, get people ready for it. but you look at how some of these have performed once they've done that and you get a fireeye which has collapsed, a gopro which has collapsed. we don't know how shake shack is going to do in the days and weeks after the actual lockup next week. you have box, which is locking up which is locking up, comes off in three days, they didn't do a filing. so there are so many

we have michael santoli, a very own morgan brennan on transports.e short to talk us through the earnings. michael santoli, the narrative on earnings changed the last few days. this heightened focus and worry on the global weakness. >> exactly, yes. especially industrial names. emerging markets weakness is bleeding through. that's why industrials have been underperforming. >> christine, 3m caterpillar, those were two of the biggest losers on the dow today. offsetting good stories out of general motors under armour sandisk. >> you never want to see industrials underperform like that. they are a proxy of global growth at a time when we need good news about the global economy. that was a bit of a disappointment. there's been other high points. right now s&p 500 year over year growth is at negative 0.9%. we started the season expecting growth negative 3.5%. we have improved a bit. it's not as negative. >> that is very important. what you are saying is earnings are beating general expectations. >> which is always a little bit higher than the street. they

morgan brennan has that part of the story. >> china is the largest producer and largest consumer of industrial metals. counts upwards of 40% of global consumption. the slide in stocks in china has accelerated. accelerated as a-shares sold off. copper zinc aluminum the prices are down dramatically. copper 10%, nickel down 19%. lead down 11%. aluminum down 6%. we've seen very violent swings just this past week. one of the reasons commodities are moving closely with stocks is many investors are being forced to sell their commodities to meet margin calls in china. another area hard hit, iron ore. hitting its lowest level in something like six years. iron ore which is used for steel suffers. the steel index shows that china domestic benchmark price down 18.50% in four weeks. as one analyst told me today, a ton of steel in china is now cheaper than a ton of cabbage. chinese consumption waned. the company has been flooding markets like the u.s. with excess supply. that's having an effect on some stocks here. it's particularly been hard for the steel makers. nucor, u.s. steel, steel dynamics all these

morgan brennan spoke to the head of one of those casinos. >> a lot has changed in atlantic city since one-third of the supplies been cut down in atlantic city since last year. one that have survived and are re-investing in their properties have started to grow. that's true of the golden nugget which has seen revenue increase 38% this year. i sat down with the vp and general manager to discuss the gaming market stabilization and also what it would mean if there casinos were greenlighted in other parts of new jersey. there are four proposals. >> you're just cannibalize anex existing market. i don't think the meadowlands will agree. you will you a probably see two more casinos close. >> how about sports betting? we know that the third district court of appeals is getting ready to rule on sports betting in new jersey really any day now. if it were to rule in favor of new jersey and the other plaintiffs in that case it could have national repercussions. what does it mean for golden nugget? are you building a sports book -- >> we most likely would and it would be a great amenity to add to o

. >> thank you, morgan brennan. >>> shanghai composite falling 5% in the overnight session. and what could it mean for equities here at home? het's ask let's ask the tradesing nation. larry, is this a bubble we republican watching pop? >> if you look at total debt we've gone from ten years ago to $5 trillion $6 trillion of total debt household debt and corporate debt to $35 trillion. if you look at the margin debt margin debt -- in some say the black market -- is up to 600 billion mr. billion. so yes this bubble is popping. >> at the same time is there a beijing put? would you buy chinese stocks knowing beijing cannot afford to see the stock market collapse? >> look. i look at it and say the government's in full support here. you're not going to see this market pull back in a meaningful way. i think the government is going to basically protect it at all costs. from a practical perspective there's no difference to what the ecb and the fed did to influence asset prices here in the u.s. and abroad. my argument is is the market going to go higher? it probably is going to go high