this isjust betting on the outcome of a football match?iew which is that sports lend themselves really well to process driven analysis. it is the same thing again and again or things that are quite related the it is a highly structured environment and there is a lot of data because the same thing happens again and again and unlike a stock or a treasury bond or a commodity where the price can move a lot and stay irrational for a long time, a football match is 90 minutes. the short duration of the asset class lends itself very well to this analytic process and it is risky, but that's why risk management and thoughtful process around that is key. how did you get into it? were you a big betting man yourself on sport? i have a passion for markets. so i'm, i traded lots of dimp markets over the —— different markets over a long career and to maorks sports are, it is like another risk that you can trade and risk manage around. so my friend actually founded the company a few yea rs actually founded the company a few years back and spent this time b

on next guest made a bet gambling and now he is looking to expand online betting operations.is ceo of z and also here with us is jason kelly, bloomberg bureau chief. >> it is an interesting day to have jim zenni to talk about a company that has not -- that is not a new company, jim. it has been around for 100 years, is that right? tell us about it. jim zenni: we just acquired it to last week. thettle bit of history, company is 123 years old and has evolved over the decades and weapon following the situation for about 4 years. yearstructured around 4 ago. we actually acquired the company from the banks, which organized taking the back deck and liquidity -- debt and liquidity and was on by the banks for many years. >> what is attractive here? obviously, horse racing. it seems like a broader, dare i andbet, on online gaming gambling which has gotten a lot of press lately. jim zenni: it is interesting and have the old economy elements, it is a newspaper and we are in several different businesses and we sell print applications, about 10 million publications a year. we sell data mu

bets.ue is increasing. the losses going down. it is also becoming a smaller part of the overall pie. i'm wondering if google will be less focused on moonshots going forward. cory: i was struck by the capital intensity of the business has declined significantly in this quarter, capital expenditures were way down this quarter, about 60% this quarter. emily: $85 million lost last year. this year they lost $772 million. cory: i think a lot of it is pulling back on google fiber. it is a very capital intensive business. that is one thought. i think what is interesting is the diversions here. ruth porat says we will make the business a lot simpler to understand. we are going to put other bats over here, google over here. we have alphabet as a parent company. google is the biggest business, here is how it works. but they made google more complicated from a marketer's perspective. there are many more types of advertising going on. there are more places the ads are going on in terms of mobile and als

that i5 betting on the 230 and scott. that is the comparison that he makes.mparison that he makes. it is all a sign of the desperation. the desperation of councils at this time and how they are going to find the existing programmes that they have. it is difficult for a councils. funding is not keeping pace with inflation. they have to find way of serving the people they are supposed to represent. find way of serving the people they are supposed to representm highlights the problem is that the cuts to local government. do you think the government has gone too heavily? it is quite working because if you read other stories on other days about what is happening to the property market and house prices are falling there are concerns about the future of local council funding. they are flocking about the bubble expanding and popping at some point. you can argue that there is some good news in the middle of this. the chancellor has said that the filters need to consider whether they are willing to accept higher taxes to ease austerity and that is his fundamental point

your alternates, 295 or new jersey turnpike, going to be your best bet. take it very easy around that area. and also, in delaware, route 40, pulaski highway near apple bee road, alternate route 13, dupont highway. anywhere from talking about 95 , to new jersey, delaware, anywhere around the area, that you are seeing it being wet outside, there is a chance of flooding and hydroplaning, especially on the bridges and bridge decks and side street, where all of the watt kerr pool. so take it real easy. more to come in a little bit. jan, back to you. >> thank you shall meisha. live look at some of the flooding in the city of camden , you can see, a car is stranded in the water there. this is happening right now at tulip and master streets one of the areas experiencing flooding this morning. >> south jersey has been a specially hard hit by storms overnight. trang do with more on the weather there, trang, good morning, what are you seeing? >> fortunately for us the rain pretty much ended here, although we've seen the occasional lightning strike overnight the rain

literally betting the farm on machine learning and ai.m to apply that to the core alphabet group. there is more focused coming to alphabet because of this. as we have seen, it has been working. with the focus, i think it will help in the long run. emily: thanks so much for breaking it down. we will continue to listen to the call and bring you headlines as they happen. at&t and time warner are said to be an early talks with antitrust officials for approval conditions. lawmakers have been pressuring the justice department to stop the $85 billion deal on fears it may lead to higher prices and fewer choices for consumers. , theer possible challenge department chief awaits senate confirmation. joining us is gerry smith. what is the latest? >> the latest is at&t and time warner are in talks with the justice department about how this deal could go through with conditions. signis an encouraging because there have been questions for a while about whether the justice department might try to block the deal. president trump has criticized cnn which i

one guy betting big on losing 70 pounds in six months.r fisher is a professional poker table and down on luck at the poker table that left him half a million in debt. he had the weight pile on with all his stress and that's when his buddies challenged him to put his money where his mouth is. they bet 1 million bucks he couldn't get his weight down to just 10% body fat. >> gave me six pounds, no problem. i want to be around my nephews and nieces and give them the uncle that they should look up to. >> he took the bet and fisher went all in hitting the gym up ten hours a day, changing his diet and even hiring a personal trainer. he lost 70 pounds in five months. studies show people with financial motivation are five times more likely to reach their weight loss goals. for his end of the bet, fisher is walking away with $600,000. not bad. >>> it's finally friday, and you know what that means. time to week this we >>> welcome back. it's this time in our show to introduce to this week's perfect pet. let show you biscuit, a beautiful tan-colored

place bets accordingly." a lot of people said the word bets could not be more appropriate. >> look, they're taking heat for not having truly independent board members who have either a personal or professional relationship with elan musk. i think these are two independents it raises the number to nivenlt i like that media veterans as autonomous cars come into being, the driver is going to move to passenger and the entertainment experience going to be critically important >> roger, why does elan musk keep talking about tesla stock this way first of all, who values a stock based on the past and present? of course you value it on what you expect to happen in the future so why do you think he keeps talking about the stock in these sell for stock deprecating ways and then revising it >> well, you know, i have no clue and i'm as mystified as you are. the company is clearly at a moment of truth. the new product is the first real mass market product that they've got. and we're going to find out over the next three or

very reasonable price bets if you're inclined to make a bullish bet >> you like the bank >> do you likehe jpmorgan b k bank >> it's not horrible i prefer the regional banks just because i want to be away from the trade iing part of the markt just because we've had no fairly little volatility here, but the chart was great on jpmorgan. >> it's the best bank out there. they really are. and i know karen loves, jamie dimon thinks he's the best ceo out there and he might be, especially in the financial world, but i think most of these financial banks are the place you want to be when you look at where they trade, i still think there's opportunity there. i saw that paper mike was talking about today. that's reason enough >> thank you, mike for more options action, check out the full show tomorrow 5:30 p.m. eastern time >> mike must be getting hungry he's not been at the chinese restaurant >> at least a week >> coming up, call of disaster newly public blue apron tanking more than 8% today 19% from its wall street debut just last week is this casting an ominous cloud on the ipo market? we'vgoe t

this stock long, the options long, and a lot of smart people are betting it short.e can't figure it out, why is the divergence of respond great? >> the reason is, because we have all of these enormous unknowns including the upcoming earnings, and of course, what the outcome of the model 3 is. that's not going to be answered in the next three weeks, and that helps protect you, because the bulls still hope there's hope there >> it's not the known knowns, it's the unknown knowns that are the real trouble here's what's coming up on the rest of the show >> i need all of you to stop what you're doing and listen >> crude oil just posted its best week of the year. >> cannon ball but energy stocks are telling a different story. we'll tell you why it can spell trouble for the commodity. >>> plus, calling all options actions fans reach into your pocket, grab your phone, and tweet us your question @optionsaction. if it's nice, we'll answer it on air. when options action returns. >> logical hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our

and other bets revenues. everything from self-driving cars to nest smart thermostats operating loss of $772 million finally, other key metrics, paid clicks up 52%. costs per click down 23% actually worse than expected as you mentioned, i did have the chance to speak briefly with alphabet's cfo a couple points, one, on that eu of $2.7 billion, obviously wasn't the fine so much that worried analysts and investors but the knock-on effects could you see regulators take similar action against other google products? not willing to say much, simply they've had time to look through the analysis and that, in her words, an ongoing legal matter and i also asked her about youtube. you know, she mentioned to me a few times youtube was showing strength in the quarter but i asked her, you know, youtube has been this force in online video consumption for more than ten years. one she was break going to breat the business and give us a cleaner look po porat suggesting she aims to give us more ex-closuposure bring you more head

>> all the bets for tesla, it's a bet inside of a bet inside of a bet.y're betting more people are going to buy electric cars, they're betting on the battery technology which tesla has one of the biggest factories in the world making batteries. they also bet on how they're going to change the way people -- how they sell the cars. you look all across the board when it comes to tesla, this is huge bets. right now they make 4400 cars a month or so and they're looking to sell 500,000 model 3s. >> a huge scale up. nd at the end of the month, tesla says it will deliver 30 cars to the buyers. in 1900, you know, later on, the key is how long are the customers going to wait for the car and how long is it going to take to get there and are they going to be able to scale up and can they keep the quality that they're known for when they were selling 4400? i don't know what the answer to those things are, but i do know that is going to be really hard. >> npr's sonari glinton, thank you so much. >> always a pleasure. >> woodruff: finally tonight, an inside look at the

to me i would bet but every out of ten letters. up there. you. have with your new needle a blaze in if the come in this gallery on the key i can use the communalism beautiful the theater to libya is something that plays and in my view is all i got . simply going to the game you can cover both of them and i wrote it on my computer and let them. see. security and thank. goodness that in the mail when i put it on thumb drive the demand into the kinds of . things going to move them didn't last. a friend says they're going to destroy. it. no gentlemen are going. well from. my past. immigrants today. spanish you have a spanish roots actually we do family come back from mexico. but i'm not. ok. every single day planes filled with deportees arrive at the airport in guatemala city those people are among the fifty thousand. state says back home every year. greeted with. a free phone call home a bottle of water and a sandwich. thank you but i don't i don't have. any of the oh if you were ok with it i mean what are . people going to loan me guys from me i me

game of thrones betting is possible, betting $25 to $50 on wagers like for a bet on whether cersei williron throne at the end of game seven. they can bet as much as a college basketball match one challenge, bovada has to make sure there aren't spoilers posting online where people betting from remote locations from where the show wasshot. >> that's interesting. what about the spoilers that were fake spoilers and getting people to -- >> well they have to watch out for all of those but the guys at bovada we talked to said they spent time on reddit trying to make sure there are no spoilers out there, they'll change the bets. whether they're real or not. >> julia, thank you very much. >> okay. when we return, the moment a select 30 people have been waiting for. tesla's model 3 is here. we're going to talk about elon musk's big day with an analyst right after the break. offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information fo

. >>> more ahead on "action news" at 12:30, he took a bet that kept him in the gym for 10 hours a day hear how much money he won for changing his body and his life. >> and we head to a jeweler in south jersey that help you fine the perfect ring if you get engaged and special jewels for your wedding day at a reasonable price. we recently had a heart attack. but we are not victims. we are survivors. we are survivors. we are survivors. and now we take brilinta. for people who've been hospitalized for a heart attack. we take brilinta with a baby aspirin. no more than one hundred milligrams... ...as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study brilinta worked better than plavix®. brilinta reduced the chance of another heart attack. or dying from one. don't stop taking brilinta without talking to your doctor,... ...since stopping it too soon increases your risk of clots in your stent,... ...heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily,... ...or serious, sometimes

so to make a bearish bet mike saw the jusold the july strike for 375. to make money he needs the stocks to stay below 375 above 375 profits will trail off. mike won't see losses until tesla rises above the strike price by more than the cost of the trade or above $393.40 by july expiration. >> they say an open road helps you think about where you've been, where you're going. >> but there is a tradeoff above $393.40 mike could still see infinite losses so, to limit his risk mike bought the 395 strike call for $10.40 and created his bear call spread between the 1840 he collected by selling the lower strike call and the 1040 he spent buying the higher strike call, mike still gets to pocket $8. that $8 is the most he can make on a trade, but in order to see profits mike needs tesla shares to stay below $383 by july expiration above 383 loses do kick in but they are limited to the strike of the call that he sold and the strike of the call that he bought minus that credit so, in other words, mike did something that even the most skilled drivers can't do, make

to me i would bet but every out of ten letters. you. know if. you. have plays your legal plays in if the come in is gary on the t.v. and he is the come in the us will be in full the theater to libya's plays and then by the oh i got. to be one of the commune uncovered both of them and i don't want they don't like you and want them. to. take your eye on him thank. goodness that in the me i want to put an anthem to the demand and give the kinds of . things that in most of them did in months. a friend says they're going to destroy. it. no gentlemen are going. well from. my past. immigrants today. spanish you have a spanish roots actually we do family come back from mexico. in . a photo op. did. you get. there. ok. every single day planes filled with deportees arrives at the airport in guatemala city those people are among the fifty thousand nine hundred state says back home every year. greeted with. a free phone call home a bottle of water and a sandwich. think a little about. it the owner will get the ok is it i mean what are. people going oh my god i i

expressway will be your best bet right now.another accident in boards end town, new jersey there is one involving injuries. so new jersey turnpike northbound at route 206, the inner lanes, they're closed, do you have use an alternate 295 or route 206 will be your best bet. jim, back over to you. >> thank you, meisha. in the battle of the boardwalk, wildwood is on top. >> the cape may county resort has the honor of having the best boardwalk in new jersey. the honor was bestowed by the readers of the website things to do in new jersey, received 46% of the vote, ocean city boardwalk is third. >> welshing coming up in the next hour of cbs-3 "eyewitness news," it has happened again. another train derailment at new york's penn station, we will have an update. >> plus we'll tell you where this giant brush fire is burning dangerously close to home. >> and sinkhole opens up, and swallows a van. see more of the efforts to remove it when we come back. >> a protest in the streets of hamburg, germany overnight, as the world's leaders gather

it's a dream company you're betting on a dream. you can loose a lot on your dream and i've lost money on tesla, so, but i believe that in the future, as we see the situation like we saw delivers fall short you see the news flow shifting on it. if you own the stock for $150, it's time take a profit. why do you think this time is going to be different? >> i think this time when you see deliveries, it goes to the underline demand for the car not to mention i think they'll see they have 400,000 preorders. the trend rs moving away to the smaller suvs we're seeing increasing competition a lot faster in the electric space and not to mention, people like different cars we all don't want to trooif the same car no one ever addressed that there's a reason why the model t ford sold 500,000 cars, because there were no other cars so, it's very aggressive and ambitious, but that's a car company. you want to look in an alternative energy company, show me a model behind it could the stock bounce $20 of course. we've seen it in the past. can they go

i'm going to make that bet let's see if we can figure it out. we have a bunch of charts. okay roll through this first bunch quickly. comparative charts what you have on the top is the s&p and what you have on the bottom is s&p 500 energy the first one is year to date. now that's no joke, okay moving on. next comparative chart is a one-year chart again, quite shocking, and we see where the divergence took place. really started to get going about 12 months ago. next one, pulling it back up a bit further. same general circumstance. it's all about this current very sharp decline. we're going to focus on that in more detail. keep going long term, look at this. i mean, at some point, that's kind of either, again, i'm the last guy to get into this trap, it's going to get worse. with a little luck this is where it's going to be -- now a ten-year chart optically it's quite clear we have this where they start to diverge and i tried to resist the temptation of thinking it was cheap and make the buy either i'm falling into the temptation or this is going to be right i want to try to

it's a bullish bet secondly, options have it basically defined amount of time until they expire. look for identifiable catalyst finally, this is really a good strategy to use when options are cheap. seema mentioned that jp morgan trading close to its all time highs where it closed today, this is one of those situations where the options are cheap. if you bought the stock you're chasing it at a high level i'm looking to buy a relatively short dated call and looking at the july '94 calls and those will expire a week after the earnings they report next week you could spend 1.50 for those and you'll make profits but if it moves anything close to its average, even to the down side, you'll be better off doing this trade than being long in the stocks this is also an interesting alternative. want a less risky way to play to the upside, you can do that. >> what do you think >> i like this trade going into earnings, i like it as a stock replacement trade. if i'm longjp morgan, i want t take my profits in that -- >> sell the stock. >> sell the stock and buy this option because now i've take

you know, if i were betting man i would bet that there might be some changes. i bet there might be.ow about that bet? [ laughter ] >> um, but who knows? you know i don't want to, i don't know much about what they have going on upstairs. they keep that close to the vest. and rightfully so, and i just worry about the guys i have on a given day. >> over to the hardwood the situation sers are back in action las vegas summer league and main story to come out of vegas is land so ball. in the history of the vegas summer league only two triple doubles ever recorded. ball has both and speaking of lon so ball joel embiid made headlines recently by being find for his use of profanity directed at ball's father lavar. you might have heard of him. embiid was la for panel discussion and was asked about the final and had this to say just imagine joel embiid speaking here something i had to do because everybody else has been thinking about it. i think most people have been wanting to say that, but i guess i was the guy to say that. i'm glad i said it ". >> so am i, joel. don't stop. over to wimbledo

. >> reporter: mackanin says if you were a betting man he would bet changes are coming still to you were a betting man he would bet changes are coming still to come in sports carson it's blinds to go's anniversary summer bogo sale. buy any blinds or shades and take half off your next item. all blinds! all shades! the entire store! buy one get one half off. it's our biggest sale of the year! come celebrate and save. blinds to go. blinds for life. it's blinds to go's anniversary summer bogo sale. buy any blinds or shades and take half off your next item. all blinds! all shades! the entire store! buy one get one half off. it's our biggest sale of the year! come celebrate and save. blinds to go. blinds for life. camp carson in fargo north dakota was a success according to carson wentz the eagles quarterback and receiver wrapping it up after four days of workouts and heading their separate ways until training camp in 11 days and is ready to go and believes this session will help build trust and chemistry as well as timing out in fargo. >> they loved it they loved it. they thought they were th

i bet you have a relief rally. >> that was excellent board work >> i don't think so.hink broxton worth -- >> draw ghost. it's the snap logo stay with us u here: >> sorry >> any way >> great job >> i thought it was good options action, check out the show tomorrow, 5:30 eastern time still ahead, microsoft hitting a high the conference call is well underway we'll hear from the ce o aerh,ft the break. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. >>> welcome back for more on what the ceo just said about the quarter, let's get to josh lipton, who is back at headquarters. >> the key number by this report, commercial cloud organized the r

when you see google down, people are betting, hey, maybe tech is not going to be great. maybe that allows us to do the rotation that everyone has talked about, in the back half of the year. everyone has avoided energy. that's the biggest upset if people buy into energy this late in the game. >> nathan, nice to have you here >> i actually have to get something out of the way i owe you a big apology. >> from the start of the show until now? like, when you first began on the show >> we were in the crux of the bank earnings. and i told you i disagreed with everything that you said you laid out a bullish case for them in a lot of ways, when you're talking about all of these earnings we've obviously had most of the bank earnings. most of them just consolidated, for all intents and purposes they weren't high expectations a couple had guided down on trading. we know that the calendar and some of that activity is weak. but with the x lf breaking out today, when you talk about rotation and what kboolg does for some of these other sectors, it speaks to the fact, the youpg there's a

he began betting on himself. 5 1/2 months the incredible transformation, now down to 175 pounds. for his end of the bet walking away with $600,000. it's no surprise research has shown people financial motivation are five times more likely to meet their weight loss goals than folks without a cash incentive. in the end he said he was motivated by something bigger than money, family. >> i wanted to be around my nephews and nieces, give them someone to look up. if you value yourself you should go out there and make yourself the best you can be. >>> all right, great story and great transformation. >>> a poker player raised in south jersey is one of the finalists in the world series of poker. scott bloomteen is leading the pack going into the final, he is competing for more than $8 million. good luck to him. we're back after this. ♪ it's here. the first night your teenage daughter stays out way too late. but after three years of specialist cancer care, to guide her into remission, you couldn't be happier about it. aetn

carter >> final call, want to make a bet on energy and take it on the long side. >> mike?to do that, you're going to want to use call spreads and xle. >> nice tag team dan? >> microsoft, if you're cautiously optimistic, makes sense to play for consolidation with call calendar >> i'm melissa lee thanks for watching. meantime, have a great weekend and we'll see you back here next friday (male announcer) right now, it's all new. a paid presentation from meaningful beauty by cindy crawford. (female announcer) with special appearances from some of your tv favorites sharing their number one skin saving secrets. (male announcer) plus, a stunning before and after story from today's special guest, lori loughlin. (female announcer) at age 52, the star of full house and much more says her skin seems to be looking not older but younger thanks to friend and supermodel cindy crawford. (lori) i really do feel like my skin has been restored and i've traveled back in time.

betting on a struggling industry, will it pay off? and mystery millions, the unknown crypto currency trader that turned $55 million into nearly $300 million in one month. how he or she did it. first, the regular markets, halfway into the trading day and abigail doolittle has been taken a look at where the stocks and bonds are trading. abigail: the bulls are trying to take charge. earlier, we had small changes. now we have small tomatoes gains for the s&p 500 and this is after weekly gains last week ahead of earnings season, so investors are having a positive flair before the season kicks off. really helping out the s&p 500 today, tech, facebook, amazon netflix and alphabet. we had a big rally on friday, more action for this sector. it is down from the june 9 all-time high for the nasdaq. but today investors want in ahead of the earnings season and the first to report, netflix on july 17. and materials, lots of big gainers for this space, including southern copper, nucor and u.s. steel. this as a potential strike at chilean mines is he

live pictures from capitol and you can bet - sete >>> it is 4:54 right now on the friday morning. live pictures from capitol hill this morning and you can bet that senate majority leader mitch mcconnell is hard at work this morning trying to secure votes for the health care bill. we brought you details yesterday as it was being released. the bill is already in a little bit of trouble. two republican senators have said they will not vote for it, kentucky senator rand paul saying the bill is not conservative enough. on the other end of the spectrum, maine senator susan collins says it leaves many without health insurance. the medicaid cuts what concerns her. >> this bill doesn't repeal obamacare. >> i'm vocal about my concerns. >> okay. not a lot of detail there but what we do know is that that already puts it at 50. every single republican senator left now would need to vote for this bill in order for it to pass. as it stands right now, six senators are oishl if i listen 0 the fence. it does keep deep cuts to medicaid. it also keeps in place two obamacare era taxes on the well thin

their just betting -- they're just betting the odds -- neil: that hurts, mark. blood there. but that's okay, go ahead. [laughter] >> if you look at history, right? tax reform doesn't happen. not serious tax reform. generally speaking, we've had very little effective, serious tax reform over my lifetime and your lifetime. so betting on the odds of tax reform happening subsequently seems to me a very long-shot bet. i understand the markets are betting for it, but in my opinion, they've been running up against economic reality and running opposite to economic reality for most people in this country for a long time now, neil. neil: wow. well, that hurts my feelings. mark, always good seeing you, my friend. [laughter] thank you very, very much. all right, on this rally notwithstanding, stocks are at session highs right now. and, again, a lot of this could be pegged to tim scott who might have offered sort of an olive branch to some of the conservatives, particularly conservative senators who don't like the fact that a couple of big taxes on obamacare are still there.

over the past baek dade, ge has made bigger bets on oil and gas including power generation systems, bets that haven't paid off and remain a drag on the company's revenue. >> people want to hear something about the 2018 outlook. i think they talked down the numbers here in 2017 a little bit towards the low end of dollar 60 and 70 range. i don't think people necessarily like that. i think we knew coming in they would be weak, so nothing's really surprising there. i think the biggest issue is that they kind of left us a bit in limbo without waiting for this november analyst day. trz. >> john flannery will have the daunting task of trying to turn around one of the most storied complexes in the world. but investors may have to wait until at least november until any plans become evident. >> so, why is ge struggling and how could it get its measuring ojo back in business and the market? kevin quig is chief strategist with ac funds. >> ge is a company in transition. really, their challenges are twofold. number one, they're a company going back to basics, their core and that provides a real chall

stuart: gigantic betting on that. super bowl, they bet more on there than here.s another good one. telling me to move along. should i do that? back to the markets. check out the big technology companies. oh a little drift to the downside, except for amazon, which is still up a fraction there. microsoft at 73, et cetera, et cetera, et cetera. what will stop them? they're down a fraction today, liz. is there anything that you can think of that will stop the upward, endless upward march of the five big tech companies? liz: nothing it seems. let me back up. if the fed raises rates. of course that could trigger recession. that is what happens usually when we have choppy periods. right now markets are celebrating s&p info tech sector including these stocks have hit record highs not seen in about nearly two decades in the dot-com era. i covered at "wall street journal," fake earnings coming in and corporate accounting scandals back then. real earnings lift boats in this sector. ash talked about it. we talked about amazon. amazon is helping all sorts of entrepreneurs, sm

have a bet.is parole and he has a big-time favorite to get his parole. >> i think there's about a 52% chance that he will get parole. but if you weren't o.j. simpson, i'd say it would be 92%. >> reporter: next, what will become of simpson if he is released? could he become a millionaire again? and will he return to his hard-partying lifestyle? >> after he gets out of prison he's going to go right back to his old ways. >> reporter: stay with us. ♪ ♪ ♪ ♪ do yno, not really. head & shoulders? i knew that not the one you think you know the tri action formula cleans removing up to 100% of flakes protects and even moisturizes for sofia vergara hair with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know

making a one-week bet. if i get this correct, down 3.5%, 4% i like the risk reward there especially considering the fact that the stock is within a couple of percent of all time highs here so to me, i like playing for a few. >> there was some anger when you said this is a trading show, the way you paused >> wait. what did i -- i'm just throwing it out >> i didn't say that at all. >> other than the moves, i've been on that show once many a while myself i get it with specific expirations. >> we could see a bigger rally when facebook, amazon and apple report next week, each of those stocks implying a 4% move in either direction for the record, that's nearly $70 billion shift in market cap potentially. but the bulls are targeting one of these names in particular for the biggest rally. the key $200 share level that's more than 20% higher than where the stock is trading now mike, you flagged this in fairness, flagged it as well i saw some tweets about this it was pretty notable because of the amount of premium th

commodities have, so if any of you are out there, i'm not, but if you are, you try to make a bullish bet, you're better off buying calls here than the underlying in my view >> this is happening with the dollar it usually -- and that's not always the case. through six months, they can be opposite long-term, yes, a perfect relationship basically, but for this kind of weakness with the dollar, it's pernicious and suggests maybe something has changed. i liked fwold. that's going ton ab issue! we have much more options action still ahead. here's what's coming up on the rest of the show >> how would you like to buy shares of jpmorgan for just over a dollar >> i'd buy that for a dollar >> we'll show you how. plus, calling all options action fans reach in your pocket, grab your phone and tweet us your question at options action. if it's nice, we'll answer it on air. when options action returns. hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can

garden state parkway going to be your best bet for now. rahel, back over to you. >> meisha, thank you. more now on our breaking news, a deadly shooting in tioga, searching for two gunmen left man in wheelchair dead, had i caretaker injured. jan carabeo live at temple university hospital. with more now on the breaking news dollars good morning, jan. >> rahel, good morning, what a scary incident overnight for this tioga household, as you mentioned, nan in wheelchair shot and killed his caretaker shot and injured, brought here to temple university hospital for, now in stable condition. all the while, as this gunfire errupted, there was family in the upstairs bedroom of this house, a woman and four children. fortunately, they were not injured. take a look at the videoment you can see how police have been working the scene all night, early morning, this is a large scene there in tioga. one that stretches from the house down the block. this is the 3300 block of gratz street. police say it was just before midnight that they got the call about thi

you make a fortune betting against volatility.is a measure of short-term implied volatility and the vix is slightly longer over the next nine days. it recently hit the lowest level ever. you think about how much people are willing to pay against risk and you think about the lack of volatility and how everyone thinks volatility is going to go up, but the fact of the matter is the real money has been made, just a fortune betting against it with the xiv. , ans kind of like an etf extraordinary instrument to watch. you can see that on the bloomberg at g #btv 2506. i don't know anything about the future, i can just tell you about the past. vonnie: we are going to dock you for not being able to predict the future. nejra: we have been talking about euro strength today. euro-dollar at the highest since may. equities down for the first time in five days. relationship between the euro and the dax is back. here you have the dax in white and the bloomberg euro index in blue. what happened is we saw these sort of moving in tandem after the fir

it seems like short-term traders were betting on the chance the hawkish surprise was not delivered. shery: any chance for carry trades in this environment? >> in the last couple of weeks we've seen them all emphasize tooe's no rush to normalize quickly. that's after a month ago we had the whole narrative of court native mobile tightening of policy. ahead of jackson hole was the next chance for major policy shift and that's about four or five weeks away. the carry trade will do well, traders will look to collect yields for the next month where markets should be relatively calm and benign. wonder, given that now we have this huge expectation of the balance sheet run off or an announcement being made in september whether or not the fed doesn't come through, we will see massive volatility. mark: at some point there's an expectation, the market is unsure how balance sheet reduction will be taken by the market and that will cause a lot of nerves ahead of that event. peak andsee volatility then the start of the balance sheet reduction may cause some turmoil. that may delay fed hikes but th

stripe is betting big on china.ler unveiled a deal with two of china's biggest payment services. they dominate the market with a combined 90% share. he gives the start of access to hundreds of millions of chinese customers. joining us to discuss, selina wang from new york. how much new business does this mean for strike? what this is a big deal setting the global footprint. wechat and alipay completely dominate the chinese market for mobile payment. they have more than 90% of the market. tos is a way for stripe reach consumers that were previously hard to get. they can access the thousands of businesses that transact through stripe. more business for its merchants means more revenue for them since they get revenue by taking a cut of transactions on their platform. emily: stripe has made inroads into china before. what is different now? >> they had a deal with alipay that was more surface level, just for merchants in the u.s. this expense the total market -- this expands the total market and deepens the partnership w

health care continues to be a contrarian type that. -- bet. vonnie: brian belski, great to have you back in studio, chief executive strategy -- strategist. mark: oil extending its gain on , gold inches lower ahead of the big fed decision. this is bloomberg. ♪ vonnie: live from new york and london, i am vonnie quinn. mark: i am mark barton, this is bloomberg markets. let's get to futures in focus, oil getting a lift today. gold dropping ahead of the latest rate decision from the fed. joining us, dan deming. let's start with gold, how should we be positioned prior to the fed meeting? dan: it feels like a lot of gold traders are neutrally positioned. i can tell you, we had a nice ounce off the 1210 level, pushing around the 1055 -- 1255 level. it is felt the fed will not change the language or structure -- itime around, and then is holding at 1255. mark: it was all about saudi arabia yesterday, it's decision to promise deep cuts to crude exports next month. how big a deal is this when it comes to the market? theme continues to be something trader

>> exactly, we put our bets on the eurozone financials and the energy stories.ople will push back and say that vibrations are higher across equities. when you look at these sectors, they are value place where you can extract value. the energy is a strong cash distribution yield and the financial is geared to the rising rate story, a commendation we think will be attractive. mark: is the tech rally over? we know it is been quite significant on both sides of the pond. stoxx 600, technology index off its multiyear high, the high a month or so ago, the highest since 2002. have we seen of -- the best of the gains in technology in europe? >> we would argue no but look at u.s. companies more than europeans, in the u.s., the tech sector is far larger and more diversified. when we look at structural , we arend cybersecurity confident we have a structural growth story in the i.t. story that will continue to perform for years to come. know there ise to clear position in this space as tech stocks have been quality stocks, momentum stocks, all of which put together something

. >>> betting on his body.$1 million bet losing 70 pounds in just six months, how he did it and his new lease on life. >>> royal road trip. it's the final day, kate wowing in emerald green, princess charlotte stealing the show with her adorable curtsy. >> we're pumping up the volume in central park. zedd is live. alessia cara and one direction's liam payne joining him. fans lined up all night as they say -- >> all: good morning, america. ♪ >>> good morning, america. and happy friday, everyone. look at central park right there. zedd is taking the stage and the crowd is going wild. he's getting ready to perform with alessia cara and liam payne. some of the biggest songs this summer and you can hear the audience's reaction. >> just a little excited. >> triple threat. can't wait to get to central park but first we turn to the top story in our morning rundown. o.j. simpson soon to be a free man, a parole board granting him release after serving nine years and we learned what has happened. he's already been moved mat

alphabet will be the story and we will look for any word on other bets, guidance. >> all of that stuff the whole story this earnings season. >> the earnings will roll on all week long. let's get to the half. >> thanks so much. we will get to all of that in a moment. we begin with jared kushner, white house aid presidential son-in-law expected to make a statement from the white house following his private closed door interview with the senate intelligence committee. >> reporter: we don't really know what we are going to hear from him. we are told he will be make ag comment at the white house when he does return from the hill after several hours in front of the senate select committee on intelligence. this has been a highly anticipated meeting. this is the highest profile meeting yet between the intelligence committees and the members of the trumpcampaign. he did say this morning that there were four specific meetings that he took as a campaign official as the president's son-in-law with russian officials that were of varying levels of seniority during the course of the campaign and afte

use alternate, 295 or new jersey turnpike is your best bet. then another point of flooding as well in jersey, route 130 closed between 322 and center square road. your alternate there, same, new jersey 295 or new jersey turnpike, then also water main break, route westbound westbound closed. at that the 322 or the a.c. expressway. jim, over to you. >> thank you shall meisha. crews will be working to fix water main break this morning in philadelphia's frankford section. the street was flooded at frankford avenue and thompson street overnight after the water department said it found a 8-inch. break. this left 12 properties without water overnight, and two with water in their cellars. in dicks to nearby road closures, during the day, the route five bus will be detoured in this location. >>> new this morning, traffic is once again flowing on the ben franklin bridge, that after two people were spotted climb being, one of the bridges towers overnight. crews were called out to fifth and race street early this morning, officials blocked traffic as they

making a one-week bet. if i get this correct, down 3.5%, 4% i can make 2 1/2 times my money. like the risk reward there especially considering the fact that the stock is within a couple of percent of all time highs here so to me, i like playing for a few. >> there was some anger when you said this is a trading show, the way you paused >> wait. >> the implication being the show before is not a -- i'm just throwing it out. >> i didn't say that at all. >> other than the moves, i've been on that show once many a while myself i get it you talk investments, trading, fast money this one, we talk a lot of risk/reward here you like the risk/reward of the trade. >> i like the risk/reward. one thing we're talking about here are specific trades, specific prices, with specific time to expiration. >> thanks for showing up >> to the bank stocks surging on the back of netflix earnings and we could see a bigger rally when facebook, amazon and apple report next week, each of those stocks implying a 4% move in either direction for the record, that's nearly $70 billion shift in market cap potent

the meat i would bet but every out of ten letters. you. know if. you. have plays your legal plays in if they come in this gallery on the t.v. i can use the communal eyes of in full the theater libya's plays and in my view although i got. to be one of the commune uncovered both of them and i wrote it on my computer and let them. see. that you're an i.b.m. thank. goodness that in the mail when i put it on thumb drive the demand and go that comes in. they're going to move it and then didn't last. a friend says they're going to destroy. it. now gentlemen. well from. my past. immigrants today. you're spending spending. actually we do family come back from mexico. but i'm not. ok. every single day planes filled with deportees arrive at the airport in guatemala city those people are among the fifty thousand. state says back home every year. greeted with. a free phone call home a bottle of water and a sandwich. i think i don't have. any of the oh we'll get the ok this is what. people say like a lonely guy i mean i mean the thing you want to just say the only fa