let's go live to the nasdaq, we have abigail doolittle. igail: the nasdaq going out with a bit of a whimper. down ever so slightly right now, but up the week nearly 1.5 percent. its third weekly gain in a row, the third longest weekly winning streak. all of this has put the nasdaq positive on the year. macro story is probably the growing divergence between the dow and the s&p 500, the more mature equity indexes, carving out new record highs while the nasdaq is about 4% from its record highs. about typical -- typical to have the nasdaq leg in another way. the biotech index remains sharply down on the year by 20%, very much in a fair market. the nasdaq itself slightly higher. it seems that that sector could nasdaq told cause the not find new high similar to the dow invest he 500. we will watch all of this unfold. stories,e biggest sob american airline shares are up 20% on the week, having their best weeks since december 2013. a few factors are behind this. first a recovery from the brexit selloff. investors seem less concerned about the brexi

joe: let's go to abigail doolittle. abigail: thanks, oliver.the nasdaq, and third, the divergence we are seeing between the nasdaq and the s&p 500, so let's take into the stories just a little bit more. today's rally, we are looking at a robust rally, the nasdaq up a tent of 1%, -- of a 10th of 1%. really a big recovery here. facebook, and share classes of google. ago, we a few minutes did have the nasdaq back above 5000. this is after 12:30, as well. and when we consider this year's volatility, this is really a remarkable recovery. at one point, the nasdaq had been down 19% from last year's peak, 1% away from a bear market, and now we have the nasdaq less than 2/10 of 1% of being even on the year, so really a big turnaround, and two of the big usuals, amazon and facebook, are beyond that, but comcast andrs being others. looking at health care, biotech continues to weigh on the nasdaq, oliver. oliver: you are mentioning the s&p and where there are new highs, where you look at the nasdaq, it is still about 4% from that record level. tell us what

let's go live to the nasdaq and talk to abigail doolittle. l: the nasdaq in full rally mode today, really outperforming the dow and s&p 500. this has to do with the overweighting to tack and we now have the nasdaq within less than 3% of its record high. perhaps the index will use the recent consolidation to power higher. as for the big strength in technology, microsoft shares are up. the best day since october 2015. this is being driven by the companies tremendous fourth-quarter report. earnings by night percent, mainly due to strengthen the cloud and resurgent in the consumer pc business. the server business had dragged in the last quarter, so a lot of good stuff for microsoft. microsoft is still 5% away from it all time record high all the way back in 1999. maybe we will see a climb in the days and weeks ahead. 2.2%, of 11 days in a row, its longest winning streak december of 2013. at its highest level november of 2007. real strength for legacy technology names. cisco is up egos of the strength in the cloud business. cisco provides a lot of

let's go live to the nasdaq with abigail doolittle. it is turning out to be a down to the wire day for the nasdaq's. will the nasdaq follow the dow and the s&p 500 lower, or can it hang on to the games. we will knows. let's look at a couple of the winners that might help the nasdaq out. we start with shares of the biotech company surging all day on a report earlier saying european drugmaker roche could be interested in a multibillion-dollar acquisition. sources close to the matter say a potential deal could happen share, $130 and $150 per suggesting the shares of biomar in could climb close to its record high. turning to technology, also hire all day -- western digital. yesterday, after the close, they revise their current quarter forecast higher, basically taking those numbers of nicely. plus they announced they would put a new cfo in place. he will start on september 1. on this positive report out of western digital, seagate allergy is also trading higher, as is chip maker micron. joe: what links these companies that they are all thr

market: abigail doolittle, thank you.'s get back to markets, the s&p rising to new records, the ftse is on track to close at a bull market of north of 20% from lows this february. is it time to look at u.s. stocks? cioael jones's chairman and ,f riverfront investment group he's live in richmond virginia. michael, thanks for joining us. how important is this, psychologically, that the u.s. has reached a state record finally? jones: it's critical. with been a long suit -- two years chop, and investors of gotten impatient to see gains in their portfolios. i think in light of the volatility that we have seen in the last few weeks, to get some reassuring economic data and to have the markets drive higher on the basis of that data, this is a really good confidence boost that equity markets around the world really needed. mark: will that confidence boost be enhanced by the upcoming earnings season in the united states? believe so.e don't we think the clear evidence is that the u.s. really accelerated in the second quarter. we le

we go live to the nasdaq where abigail doolittle is watching the action. l: we have a very nice rally on our hands for the nasdaq, up .7%, on pace for its rally.wo-day and of course today's bullish action is all about apple. itsiphone maker is having best day in two years after the company put up a better than expected june quarter, beating earnings estimates, revenue estimates, and iphone estimates for the june quarter. they also guided revenue higher for the september quarter. because odd tension even though it represents a pretty decent year-over-year decline, that tension could be solved, if you will, when we find out about the iphone 7 later this year. turning to what could really influence the nasdaq tomorrow -- facebook. the social media giant reports today after the close. first, can facebook beat again? they have beaten earnings eight out of the eight last quarters. there are a lot of moving pieces. we are looking for $.82 on a little more than $6 billion in revenue. they are expecting mobile advertising revenue to be 82.6% of total revenue. monthl

shery: abigail doolittle at the nasdaq.t: you news -- the federal reserve has barred an act ubs trader, matthew gardner four-minute viewing benchmarks. he had used electronic chat rooms to facilitate the rigging of benchmark values. this is all according to the federal reserve in a statement today. the fed has brought enforcement actions against ubs and barclays where past in 2015, gardener also worked. let's move on now to commodities. omentum,ly is losing and at blame, -- losing momentum, and at blame you can say is a persistent -- while it is still above the 12-year low, price of sloot to about $45 right now. the next guest sees dark clouds over the recovery. stuart.us now is jan set the scene for us here. steams the oil rally lost -- is it the supply story and the dollar strengthening? i think the rebalancing we have been talking about a lot is being done by supply trend in sideways. demand is taking its time to come up to supply increase the deficit we all need. what we had anticipated was significant gasoline strength

let's go to abigail doolittle with the nasdaq. abigail: today we are looking at trucking and toys.o revised the full-year forecast. andking prices have dropped costs are rising. but on the year, shares are up more than 10%. hasbro shares are down by nearly 5%. this is despite the fact that they put up a great second quarter. what worries them is the slow down in the boy and preschool categories. hunt, these shares are up sharply on the year, 20%. lastly, we have group on trading sharply higher on an upgrade. seeing better than expected customers and valuations that are attractive. a 65% upside potential for the shares of groupon. a penny stock to keep an eye on. that was abigail doolittle joining us from the nasdaq. we are watching turkish stocks. 17% so far this year but our next guest says the failed coup attempt could help to reprice the emerging-market assets to the downside as more risk premium is factored in. i want to bring in emad mostaque . most investors seem to be taking this calmly. why do see the risk? think the key thing that has happened is that emerging markets have

before that, let's go live to the nasdaq with abigail doolittle. l: we are looking at another rally for the nasdaq. i say another because the nasdaq has been up 10 out of the last 12 sessions. it -- > briggs brexit, the nasdaq is also positive on the year. some text and that did us -- some tech stands out to us today, including apple and intel. taiwan semiconductor has started making chipsets for the new apple iphone seven. clearly, that is a positive for , probably why it is up about 2% today. as for intel, intel did recently win a modem design for apple on that iphone. intel is up seven days in a row and supplies and materials are also higher seven days in arose. applied materials -- and applied materials are also higher seven days in a row. oliver: you mentioned ebay as a standout mover in the textbased. what going on there? its best dayving since the beginning of april. a bloomberg intelligence analyst thought it could have to do with the fact that investors think it is more likely the bank of england is on cause as far as rate cuts. this could

let us had to downtown manhattan where abigail doolittle is standing by at the nasdaq. dices today in this is all about the overweighting to apple. apple having its best day and more than two years, up 6.5% at this point. it is adding $34 billion in market cap and a racing what had been an 8% loss. loss of bullish trading action . this comes from a better-than-expected june earning quarter. estimates by a slim margin, but they offered a better revenue guide to this the tender quarter. -- the september quarter. all these figures reflect year-over-year decline. we're looking at a case of less adhere. there is still some uncertainty . we still have some ahead. the upgrade cycle to the iphone seven could create "a super cycle. " other analysts are less optimistic/. we have seen up-and-down as investors on the street take different views on the state of iphone. the consolidation we have talked about over the last couple days that would likely produce a big move up or down has produced a big move up. we still see apple facing strong selling pressure. unless apple puts in a hig

let's go live to the nasdaq with abigail doolittle. we had trading lowered by 8/10 of 1%, now .6% in a nice recovery there. the nasdaq turned green ahead of the dow and s&p 500. the gains are larger and as is often the case, the outperformance or underperformance, sensitivity, it really reflects the technology. about 2% at this point. dean and as one company that did sign a confidentiality agreement with the high-growth biotech, a signal that they may be interested in hostile takeover there. rush or-awaited movement toward m&a maybe the head of the sector. a pretty interesting story. netflix shares down 4% today. about 15% on downside for shares of netflix, saying he thinks domestic subscriber growth could be flatter than what is expected. bloomberg intelligence analyst paul sweeney did point out we saw another downgrade. citing the possibility of international cyber debt subscriber growth. extracting weakens ahead for netflix. >> it seems to fit with the stock down 18%. what else? see one year chart, we volatility up and down. this st

let's get more from the nasdaq headquarters with abigail doolittle. l: after taking a breather, we have the nasdaq higher, hitting six-month highs, so strength being driven by lots of the well-known mega cap names like amazon and microsoft. some strength in tech and one subsector doing well are chip stocks. apple suppliers including corvo, broadcom, all nicely higher and it appears this is on a bullish report from taiwan. they raised the third quarter deal. some believe this has to do with the fact the company has started theuild chipsets for upcoming iphone seven. it's the biggest boost for the nasdaq. more immediately, we are looking at apple's june quarter report about two weeks away. not beene have thinking about apple too much in recent days. what is the chart saying? abigail: we have not turned too much. it's just we are about to see a big move, only 10% up or down for top we see 20% geek to trough after the march quarter report. a bit of a disappointment and since then, apple has been can just doing in this area, telling buyers and sellers they

abigail doolittle is looking at maneuvers. the nasdaq is sending out a little bit, trading higher by 1/10 of 1%. the reason it stands out, it is the only one of the three major indexes that is still treating higher. the second a higher in a row. helping the nasdaq, costco. it is the second best news for reportedq, after they june costs are flat. not so exciting, but mildly better than what many expected. excited byis the traffic. she said that it has been strong and she expects it to remain strong as people shop value and like value. count me in your value is a good thing. western digital, up, one of the movers after trading up -- the common factor is nan. they said the recent integration was part of it. many think it has something to do with nan/chip sales. you, abigail doolittle. danone is adding soy milk and kale to the menu. foods ught whitewave in a deal worth $10 billion. all right, director, what do you have here. executive director of global deals. danone, ether you are general mills, pepsi, coke, they 1%not find growt

let's get a check with abigail doolittle about some early movers. y bearish call out of goldman right before the u.s. open. david kostin did say that we could see a 5%-10% drop in the s&p 500 in the near term. we take a look at a one-year chart of the s&p 500 to put this bearish call into perspective. we should be seeing right here, we do see that it could put the s&p 500 back down toward the bottom of a range. it is bearish for the near or medium-term, but it would take us back to the lows we have already seen. over the longer term, david kostin sees the s&p 500 returning to 2100 by the year's end. tesla shares are down in the premarket. this on the news that a tesla driver was injured using autopilot. that is according to the "detroit free press." an art gallery owner was injured , but survived when his tesla rolled over on the pennsylvania turnpike. this comes a week after a tesla driver was killed using autopilot. not surprisingly, tesla shares are down. netflix shares are down in the premarket. growth couldcriber be flatter than expected. if so,

let's go to abigail doolittle at the nasdaq. h stocks storing in the market. the online deal finding company is up more than 25%, a reach the full year in revenue. we have the cfo saying he expects the company to breakeven for the full year. it looks like the company's rebate marketing efforts have helped here. two weeks ago, a six dollar price target but now it has gone $6.50, suggesting that lots of upside is possible. the chipmaker is up nicely by more than 10%, best well-known as the apple supplier, they raised the current quarter above consensus and it looks like the rays has to do with strength around the iphone seven. something to look forward to. cirrus logic is one of the best stocks this year. up at the close yesterday. but we do think this stock could rise by more than 30% from yesterday's close. let's head over to london with mark barton. mark: stocks in europe falling -- over 70st day companies on the stoxx 600 reporting today, down by one third of 1%. among them, credit suisse unexpectedly returning to profits last

for more at the nasdaq we have at the -- we have abigail doolittle. another day of directionless trading between small gains and losses. the need that the nine surface, lots of movement. starting with the losers, down 3.4%, one of the biggest drags on the nasdaq. quarter their third revenue forecast nine below as they continue to struggle with difficulties in the medical. the ceo said there could be two quarters to three quarters of uncertainty ahead as they make the transition. the biggest drag is western digital after the company reported the fiscal fourth quarter. while they beat estimates, and it was a good quarter from that it became clear that much of the upside was driven by the sandisk acquisition and it came at a cost. a bloomberg intelligence analysts believe the long-term issues will persist. we have the green capital saying to by the weakness and western digital. vonnie: one stock is helping with a quarter percent gain. .bigail: amazon and alphabet amazon finishing at a record high after beating estimates on the top line and bottom line fo

unchanged,pretty though i'm sure abigail doolittle will have some stories for us. we do have yet another market for the nasdaq after a big rally yesterday, taking a breather, more in line with the market action we've seen prior to yesterday. this flat market today is a reflection of a tug-of-war between earnings winners and losers. before we get to a few of those stocks, yet another successful ipo has gone off at the nasdaq this morning. you makes this notable is can see shares are up 26.6%. stock price yesterday at $14, a week ipo. nonetheless a successful ipo. to one of the big tech losers, in fact the biggest drag on the nasdaq today. the biggest drag on the nasdaq. this is after the company reported better-than-expected second-quarter results but as put by --there are lots of warning signs he says are quote, multiplying like bunny rabbits. he believes inte may have peakedl. qualcomm shares up 7.7% rate the biggest boost reversalsdaq, bit of a here. expectations going into the intel report relatively bullish. they did beat on the top and bottom line. on the bott

from abigail doolittle, live at the nasdaq, she has the latest. nother day, another rally. it is the trend as of late. the nasdaq has been higher 10 out of the last 10 trading sessions on a rally that has taken the nasdaq positive on the year. pretty remarkable considering back in february it was 1% away from an official bear market. a huge recovery. through this, what stands out most is the divergence between the record highs on the s&p and the dow and the nasdaq, 3.6% below its record high. unusual that the growth is .agging it tells us that the more defensive sectors are leading .his rally something that had happened at the end of bull market in the past so it suggests that maybe gains are going to be passed. another thing standing out is between the nasdaq and the buyer tech sector. if we take a look at the one-year chart with biotech in blue, it appears to be rolling over in the near term. the strong downtrend is in place. we see the nasdaq shooting higher. over the last year, they have been strongly correlated. the last big divergence was in

let's go to abigail doolittle who is live in midtown manhattan. pretty impressive. l: it is the nasdaq's first five-day rally in more than a month and we have the nasdaq again the psychologically important 5000 level. perhaps most important or impressive, for the first time this year we have the nasdaq trading higher on the year. a broad-based rally for the nasdaq. one of the top point movers, american airline shares are up day, having their best since september 2014. up more than 35% since the brexit bottom on june 23. taking american a lines higher today is they expect to see a boost of $1.55 billion from credit car dealers -- deals. their rating has been taken from a by two way hold. this stock is the down and is still despite the strength, down more than 20% year to date so mike lindenberg must think the risk to reward is more attractive despite the dynamic of falling fares and rising wages. it'll be interesting to see how this plays out. vonnie: you are mentioning much of the strength is coming from tech. abigail: apple and microsoft are among the biggest boost

scarlet: we will check in live at the nasdaq with abigail doolittle.utay has been all gains up and down. the nasdaq is up ever so slightly. face for its third day in gains if the index can hold on. when we started the day, we aboutt it would be all facebook. facebook posted a monster quarter, beating across the board at that rally has cd. now up a little more than 1%. facebook-- leading now, apple. this could reflect the quarter apple recently did report but another company reported yesterday after the close. it looks like raising the guidance came on the possibility of a strong iphone seven straight -- cycle. investors may be taking up apple on that data. higher, the is biggest point boost for the nasdaq. investors adjusted earnings on $29.6 billion in revenue. services to watch, the revenue number. investors are looking for 2.79 alien dollars. investors and analysts will be watching margins. prime membership growth and we do have my compactor saying it butikely amazon will beat it's interesting. this has been a company interesting around its quarterl

for more, let's check in with abigail doolittle live at the nasdaq. a little bit of a breather, 10% rally out of absolute breaks it bottom on june 27. --it of a reserve reversal. biotech's are gaining. cognizant technology down 2.8% ,n sympathy with its competitor which guided u.s. revenues down for 2017 in the u.s.. easier i.t. outsourcing companies. for the a barometer global i.t. spending. it's a just it is a bit gloomy and there is a bit of a bearish feel. if there is followthrough, investors might look at the need , such asechnology microsoft. this could be a trend to pay attention to. scarlet: abigail, you mentioned biotech is gaining. biotech sector was down on wednesday but today the up.ech index are it is not here to be on anything specific. it could be a reflex. on the year, the biotech index down, the nasdaq is slightly higher. 14% leading to the nasdaq. something will have to give around the divergent, scarlet. scarlet: thank you. reporting live from nasdaq. let's get an update from bloomberg first word news. hollande is ins nice. woundede

nasdaq, live to the where abigail doolittle is standing by. after a big rally that left the nasdaq higher on the year, that magic line in the sand is 5007. slightly higher than that right the nasdaq has been slightly hope -- higher. small gains and losses on the day, slightly lower right now. it appears that behind the flip from the red to green, some of the big tech movers, like amazon, facebook, and apple, it's not really clear what's behind it. but there was a cryptic and somewhat bearish tweet put out knownby andrew left, the short seller of citroen research. perhaps that's weighing on the shares of facebook, amazon, and apple. but it's worth noting that they are actually the biggest rights that are down today. but on the year these are two of the top names for the nasdaq. oliver: something that continued to stand out was the divergence between the dow and the s&p. the nasdaq, still 4% below record. his or anything new to add to the discussion? abigail: the biotech sector is lagging thee a bit, overall markets. you have to wonder if that s

let's go to abigail doolittle. >> a little bit of a turnaround for the nasdaq, it was down around thenow trading modestly higher. outperforming the dow and s&p 500. biotech is helping. airlinesng is american stock, down sharply in a downgrade at credit suisse to underperform from outperform, a few factors including disappointing third-quarter revenue growth possibilities and a high 2017 earnings number putting pressure on the stock and the company to perform, she thinks american airlines could be hit with currency effects and post brexit stresses. she does like spirit airlines but on this download, all of the airlines at the nasdaq trading lower. also hurting the nasdaq are the shares of netflix, down 3.2%, on a downgrade at jefferies, citing the possibility of flat domestic subscriber growth. his rating to an underperform. the downgrade yesterday, laura martin citing the possibility of -- oppenheimer saying they think the recent price i could hurt domestic subscriber growth. netflixanalysts on ahead of the company's second-quarter report on july 18. chart, take us to your does this h

let's go live to the nasdaq were abigail doolittle is watching the nasdaq. >> it is coming off its lowst's also well off its highs. , right off those lows. the question around today's decline is whether or not it will be consolidation of yesterday's big 1% rally or if -- or if it's the beginning of a reversal back down. some of the answer to that could come not so long from now after the close. for $1.21are looking in earnings on roughly $750 million in revenue. that is the first revenue decline since 2009. on smartphone weakness, he does think that is achievable in the focus will shift closely to guidance. looking at ae strong quarter or weak quarter, it could really have a big influence on apple. 44% of sky works revenue is attributable to apple. it could certainly set a positive tone for apple and the nasdaq but the opposite could be true. sky works could have a pretty big influence on the nasdaq tomorrow. be reportinge will earnings next week. are there any noticeable earnings reports that could set the tone for tomorrow? stands out as a potential . not so much as an influence on th

abigail doolittle will tell us what is going on at the nasdaq. : we have the nasdaq up slightly.ut lots of movement as you from the earnings season, one of the big earnings winners, american airline shares are sharply higher after the company did beat second-quarter earning estimates by 5%. bloomberg intelligence analyst george ferguson said the earnings conference call was very positive, the company does not see falling further from here. george ferguson does not believe this is a turnaround for american. he believes profits will weaken from here. as for a loser out of the earnings reports, sky works -- skyworks shares are down. investors disappointed by the fact that growth margins missed estimates. guidewas a fourth quarter on inventory. skyworks derived for 4% of its revenue from apple -- derived 44 of its -- 44% of its revenue from apple. that possibility is hitting apple, one of the worst drags on the nasdaq. perhaps investors are starting to worry about the june quarter report next tuesday. looking for a decline of revenue for the june quarter for apple. now 25%. this real

let's go live to the nasdaq with abigail doolittle. : really outperform in the dow and s&p 500.d that outperformance, technology. hugely strong, up 1% with a lot of big names participating. this includes apple, alpha but -- alpha, facebook. a greed to be has bought by softbank. today isss well monster beverage. shares are lower, having their worst hastens february 29. then -- saysays the near-term potential -- sears of monster beverage are up about 4% year to date. perhaps she will be correct, thinking the near-term potential is limited. >> how will this set the tone for tomorrow? abigail: great question. of course we will know soon. investors are looking at nine cents per share on $1.2 billion. we have lots of messy quarters out of netflix this year. one analyst who has been dead on is corey at m science. he carries consensus numbers in the quarter. now he did e-mail our team earlier, saying he's very cautious in tonight's report. his concerns on the third quarter guide, he thinks there which a price hike continues to hit. he thinks domestic subscriber growth can be flat to the

abigail doolittle is live at the nasdaq/ . hares are higher by 3% as the company did report that traffic was up 11.6% year-over-year. capacity of 10.5% for the month of june. that is a positive dynamic as traffic outpaces capacity. some investors may view this as a sign of the turnaround. we have american airlines sort of flipping between small gains and losses. the bigger story here though and this is after the company did report slightly better measures of revenue for the month -- for the second quarter, excuse me. the bigger story is that turnaround idea. it was down more than 30% on the year with declining fares and rising wages. we see that she met this drop-down -- tremendous drop-down and the stop is rising for the top. there was the question of whether american had its best day since october of 2013. and analyst sees the stock rising to $40 . this chart says it could happen, but the recovery may not be for long. alix: that is abigail doolittle live at the nasdaq. jonathan: what is next? that is the big question post exi

we will hear again from abigail doolittle a little bit later because of the biotech indices.ne difference today was utilities, telecom, safety areas leading the way. of beenhey, that's kind the story. however, we are going to bounce back there. i want to jump into what we are looking at on the talk market. particularly a couple of sectors in the s&p complex. we had inventories they'll -- in the day. energy stocks went right down. we been talking about the defensive, energy stocks have been a big part of the rally. the only ones trading on higher what -- higher volume today. in addition to those, i'm checking out volatility. fascinating, down a bit today, but let the record show that for much of the day it was moving in the direction as the market. matt: for the first time the german government bond went negative at auction. where people are straight up paying for what's always been on the secondary market. the first time people are officially paying the government to hold their money. matt: basically, they pay more to buy the bond and have no coupon? that's fascinating. the p

let's go to the nasdaq now, where abigail doolittle is standing by.fter a tepid, open for the nasdaq, it is now up 6/10 of 1%. similar to europe, it is all about technology. namesf the best-known including apple, alphabet, and facebook are out. but it is really about arms holdings, up 42% on the news that japan's softbank is buying 30 $2 billion.or softbank saying they like the steady cashflow. amd up five point 8%. they report thursday. we will see if those gains hold will see if -- we those gains hold. netflix shares up higher. on 2.1nts per share billion dollars of revenue. the big story -- will this quarter be clean? quarter, they guided down. investors will pay close attention to what does international growth look like relative to domestic. after the earnings report, when we look at this chart, it move by netflix could 11% up or down after this quarter. this chart put together by bloomberg show a netflix is the most volatile post earning of all of the stock in the s&p 500. just wanted to show the possibility of a volatile move. thank you pay let

joins: abigail doolittle us to show how apple and netflix have been performing lately. lix? abigail: it's all about technology. the biggest boost for the nasdaq is apple. shares are flirting with that round number, slightly below now, nonetheless of 1%. it appears the strength is being driven by armed holdings. the company has agreed to be bought by japan's softbank. some may see this as an indirect stamp of approval on apple. worse, they are reporting their jerk -- their june report next tuesday and the focus will be shifting that we soon. interestingly earnings are expected to drop on a year-over-year basis. compare that to one quarter of one year ago, when earnings rue by 44%. a huge change, investors will really be looking forward to the iphone seven. are there any details? usually not, but investors could be looking for those details in terms of switching over to services and enhancing the software on phones. shery: absolutely. and there is another of her coming in for netflix? abigail: it's trading higher, reversing a loss from earlier today. investors are looking

amanda: abigail doolittle at the nasdaq. thank you.ajor central bank meetings to watch -- the federal reserve and bank of japan. investors are anticipating greater policy divergence around the world. the bank of japan will expand monetary stimulus or the fed will signal to high-grade. our guest is a strategist at rbc. what are we talking about after the fed and the bank of japan? will we receive the divergence everyone is expecting? >> i don't believe there's a lot of expectation. it all about the statement. it will be interesting to hear what they have to say about foreign risk. in june, they went to wait and see, that was ahead of the u.k. referendum. now that we have had the referendum and the vote is to exit, we have heard a lot of speakers speak about uncertainty, but i am not so sure they will be that worried ,iven that even within the ecb policymakers are pretty sanguine. this policyt about divergence? theu.s. will likely go other direction. how will that play out in terms of currencies there? guest: it's going to matter a lot w

amanda: abigail doolittle from the nasdaq, thank you.all right, as the share global gdp, chinese exports are as big as they have ever been. gdp,share of chinese own the share of exports is on the decline. what does this say about the country's efforts to rebalance its economy away from exports and manufacturing? ser, with us is brad set council on foreign relations senior fellow good what can we glean about what china is doing domestically? brad: if you measure chinese export growth, it has slowed relative to the world economy, and chinese exports have fallen somewhat as a share of china's economy. focusing only on the experts moreports side misses than halve the story because chinese imports are falling significantly and all kinds are falling relative to china's own gdp. manufacturing imports, commodity imports. the growth in good import volume -- just looking at goods come over the past four years, imports have grown in real terms at about half the pace of the chinese economy. a little bit unusual. amanda: what does that say about chin

abigail doolittle has been looking at some biotech shares. >> yet another big day for biotech. 1.5% forhe fourth day higher in a row. the best four-day rally since april. yet, biotech is mired in its worst bear market. everyone wants know what is next. enough to speak with a biotech analyst at morgan stanley this afternoon. he said you have to remember that this bear market was preceded by a beautiful bull run. we see that in this longer-term chart. he believes it was precipitated by a few things. first, a tweet by hillary clinton last summer talking about probing drug prices. second, he believes macro prices at the beginning of the year set off the action. i learned something interesting today, which is biotech is defensive. when you think about the products, people need those drugs and therapy no matter what is going on politically. he said the risk to these companies around a selloff is the idea that they may have less access to funding. but he said because of volatility overall has been so great, some investors have been more risk-averse, moving away from these shares. he says he ca

we have more from the nasdaq with abigail doolittle.ex opened slightly lower and is trading moderately higher for the morning. it is slightly lower. the most recent downturn is at some of the mega cat names including also that, google, and apple trading lower. is gileadt drag sciences, on pace for the worst drop since the end of april. basically, in three months, this is after gilead sciences missed estimates in sales for its hepatitis c drugs significantly. they also offered a below forecast sales of you for the full year. there he should activity suggesting that we are looking at a negative trend. a one-year chart that we see that 50 day moving average in orange and the stock are trending down. today on the bearish average, they are below the 50 day moving average. the last time, juliet sciences has dropped 50% all in. there could be more downsides ahead. vonnie: you mentioned the weakness being offset by some tech movers. abigail: texas instrument up five point 9%, the highest level since july of 2000 after the analog mi conductor co

as well as the s&p. , weaps the most movement have abigail doolittle in midtown manhattan to tell us and put the nasdaq positive on the year. now we have a training down slightly. really flipping between small gains and losses this morning. not a lot happening from the percentage standpoint. boost, we havet microsoft helping the nasdaq the most. the biggest day ever for amazon. with the stock down, investors -- as for the second biggest point boost nabby behind microsoft, paypal shares are stronger. glenn green says, head of the second quarter of or next thursday, he thinks they could be on transaction revenue. he sees bullish transfer the near and medium-term. be the tech stock to rise through the end of the year. but again, we do have the nasdaq turning negative, flipping between small gains and losses. the biggest driver now a starbucks at 1.7% on a downgraded opr capital. frappuccino and food sales are probably likely to be weaker than extent -- than expected for the second quarter when they report next thursday along with paypal. it will be a big reporting day here at the nasdaq

with abigail doolittle. looking at a bit of a cell of with the nasdaq down 1%.orst days since last monday brexit selloff. the biggest drag on the nasdaq is apple shares down 1.3%. they have cut estimates below consensus. citing a demand clause saying some consumers could be waiting for the new iphone 7 this fall. many analysts have high hopes, some even calling it an "super cycle" that could help apple and .he iphone demand recover michael mccaul at pacific crest has an interesting call and it does cut his rating on sky works and serious logic saying that his recent supply channel checks in asia suggest the iphone seven demand in the second half of the year could fall by 15% to 20% versus the demand for the 6s last year. if he proves true, he will -- that call will completely wall for the hopes around the iphone7 creating a recovery for apple and the iphone. the debate continues on. vonnie: you mentioned it was down since the tell part of the brexit last monday. lots of confusion. abigail: that's right. looking at a six-month chart, almost six-months out of the

let's get over to abigail doolittle who is live from the nasdaq.sting if big tech and other stocks can drive that. probably not today, but maybe in the weeks ahead. expedia shares down 3.6%. the company posted a mixed second quarter. they beat earnings but missed revenue. the biggest troubling fact is that organic room growth year-over-year declined. analysts say this has a lot to do with terrorism. travel to france was down year-over-year. he says different feel, that some of the surface facts are masking what he calls a solid quarter. they beat estimates and perry gold moffett said he was positive on the shares of expedia. of thisto another drag morning, went resorts down 6.4%. that is after they reported a mixed soft june quarter. las vegas revenue down 1.1% year-over-year. what is troubling analysts is that went resorts -- one resorts had feweresorts tables fan estimates beer they're looking for 250 tables to be at the new resort. on this, we have 2 downgrades. it could be a tough road ahead for whynn resorts which is now one of the top stocks

let's go to abigail doolittle for a look at markets. ago we start off with the abigail: we start with the equity markets. gas is down and it's a second session it is down in a row. looks like the brexit recovery hopes have faded a bit. indiceshasing manager revised upward. it looks like the auto sector is leading these declines for the german cartel office. the risk off in equities, we have the commodity complex trading down. wti crude down 2%. one of the worst day since last thursday, but it still stands out that opec revised its production for june. we have been talking about the record u.s. bond yields and we in the the 30 year here u.s. at a record low, not just on brexit recovery concerns but also the payroll report on friday. people are worried we will have another dismal report for june. david: we have headlines outside of the business world. mma: saudi arabia is the latest target in a wave of terrorist attacks. a suicide bomber killed himself and security personnel at one of islam's holiest sites. two other bombings caused minim

let's head over to abigail doolittle for an update from nasdaq. the open -- netflix shares are down. company missedhe growth estimates on the domestic and international front for the second quarter in a big way. the question is of course, whether these are near-term issues around the price hike at the olympics or whether there is something longer at play. down 35% which is amazing considering they were the top stock in the nasdaq last year. plunging even more is supermicro after the company preannounced a "ugly preannouncement." it could come in under 74% under point analysts had expected. it has cut its guidance dramatically for 2017. perhaps another sign that the global i.t. environment is easing? down after yahoo! reported shares after probably their last quarter as a publicly traded company. recently breaking news that verizon, at&t, vector, -- they have submitted bids and the likely winners, the three top bidders are verizon, vector and quicken. sam sweeney says he feels the market thinks that verizon is the likely winner. thethan: let's get b

abigail doodle is looking at the -- abigail doolittle is at the nasdaq.ings before the opening bell. mixed it looks like a picture for the earnings, or at least a reaction to the earnings. citigroup saying second-quarter profits fell by 17%. the earnings-per-share did come in better than estimated. fixed income trading, just as we saw at j.p. morgan, coming in ahead of estimates. consumer banking, which was strong at gpm, was not as strong at citigroup. as for wells fargo, that company matching analyst estimates. wells fargo did increase loans, collect more fees from credit cards, but it did not beat estimates. there you have wells fargo falling back. herbalife is the other big stock we are following this morning on its settlement -- years-long in the making settlement with the federal trade commission, which ruled it is not a pyramid scheme. however, herbalife will be paying $209. it will also be paying money to the illinois attorney general office, and will have to intimate a host of changes to its business model. al so, part of this -- also, as part of

let's go to abigail doolittle in the nasdaq. abigail: yahoo!in the premarket. tolyst robert peck is moving the sidelines. he has concerns around a core asset sale process. 10% it couldk up come at a handsome profit. the stock could rise by more than 15%. --ent pharmaceuticals shares will be purchased for $736 million in cash. it will expand the company's international footprint. is also higher in the premarket today after ceo elon musk recently tweeted that he hopes to reveal part of the tesla master plan later this week. let's head to europe with mark barton. mark: stocks here are rising for a third consecutive day. the stoxx 600 is up. every single industry group is rising. big news breaking just a few moments ago. burberry is shaking up its management. christopher bailey will stay on as chief creative officer. but the chief executive of a french fashion house will take over as ceo. there has been a lot of pressure on bailey. he has been doing this dual role since may 2014. he will focus on the creative design. the new ceo will join the board

alix: abigail doolittle joins us with more at the nasdaq. ee. abigail: biotech will be a big piece of it, a drag yesterday but moving higher in the premarket. gilead, it is thought they could yeartaxes by $10 billion a as they move offshore and one of the company's other hepatitis c drugs was approved for use in canada. this is a stock down 15% on the are expectingsts the first revenue client in at least 10 years. from a bigger picture standpoint there are certainly pressures. tradinggy, brocade is are down. jason nolan sees a disruption to flash business and has a new price target of eight dollars per share, suggesting they could call about 18% from current levels. england ratek of cut that never was, 80% was the probability investors priced in prior today. 6% -- 56%.said 50's it is likely we will see some loosening next month. look at sterling when the bank of england kept interest rates unchanged, at a record low .5%. up 2.5% in a jiffy and now up a mere 1.3%, still gaining for the fourth day in five. the yield on the 10 year -- u.k. 10 ye

abigail doolittle takes a look at the tech movers today. e do have the nasdaq down sharply and down more than both the dow and the s&p 500, down 1% at this time. one stock that had been dragging on the nasdaq but is now trying to help the index, netflix, the big turnaround, the big turnaround commissioners have been down more than 2% earlier. now higher on the recent news out of recode saying netflix is being allowed on the comcast x1 platform. says it is a very cool deal for netflix and comcast. netflix will get access to comcast's 22.4 million video subscribers and comcast gets to offer its customers easy access to the popular services via the x1 platform. looking at a turnaround for netflix. as far as what is dragging on the next of they come apple is the biggest drag overall. there is a demand pause come a slowdown in demand for the ahead ofphone model the iphone seven model due out this fall. the brexit uncertainty could be adding to that. the bull bear debate on apple continues on with this bearish call out of citi. shery: anything new

the more, let's go to abigail doolittle at the nasdaq. abigail: is that of looking at the tech movers, in light of the recent tragic attack in france we thought we would look at travel-related stocks. interestingly, we are seeing a bit of recovery -- in the airlines. some of the online travel agents. 2 exceptions. norwegian cruise line and priceline. no region cruise line is down more than 4%. earlier bush weighed in saying european terrorism is weighing on consumers, preventing a sustained recovery in pricing. norwegian cruise line pulled out of turkey for 2016 and 2017. shares are down 30% this year. priceline down 1.5% the largest of the online travel agents. investors may fear the string of terror attacks could slow global leisure travel thus the stock is down. looking at a longer-term chart of priceline and norwegian cruise line with the nasdaq. norwegian cruise line in orange we see priceline and the nasdaq are correlated -- trading together. priceline is not too affected. norwegian cruise line, along the lines of what was said, appe

let's go to abigail doolittle live from the nasdaq. what are you seeing? with regard to the bullish information out there, it may mean all that much. falling, local growth concerns in last august big risk rallies and we are seeing the same thing now. the reason it may not mean much relation to the nasdaq, we see huge whipsaw's up and down, the uncertainty between the buyers and the sellers. matters is how it re-breaks. higher, new all-time highs that are sustainable and or, downside. there are bearish signals, bearish lower highs, which tell us the sellers are really waiting to pounce. we have bearish lower lows that tell us the buyers are weakening it we will have to see how that plays out. it may be a more -- a tad more bearish than bullish. we are looking at a nice rally. shares are soaring, having the heredays since october 2011, the company preannounced the fourth quarter revenue more than 4%. nonetheless, still somewhat neutral here. we have at least 65% of analyst out there on the sidelines. they are taking the competitor western digital higher. wes

we're going to head over now to the nasdaq where abigail doolittle's live in checking out tech reporters a more macro standpoint, we're looking at mild selling action. pretty fitting for the action that we have seen for the last several sessions. it is probably ahead of the index's next big directional move. this mild move overall for the index really does not tell us about the bigger movers, including the biotech index down more than 1%. netflix is today's biggest mover, down nearly 14%, having its worst drop since october 16th, 2014. that is when the company missed estimates for subscriber growth in the second quarter. the third quarter guide is disappointing. it is setting a bearish tone for the nasdaq ahead of the microsoft report that you just mentioned. this will be a big one after the close today. the company reported a disappointing march quarterback in april. and investors will be wondering if they will see the same thing, especially around the company server business. there is a big drop in the last quarter. they will be also looking to see whether not the company will provide

abigail doolittle is at the nasdaq. abigail: similar to the other equity indexes, the nasdaq of 1%.am, up 4/10 physically at the market site, the biggest winner is talent, a tech company. a data and cloud integration service that went public. the seventh tech ipo this year in a challenging ipo year. 53%e are 62 ipo's, down year. the majority, 46, have gone up in the nasdaq. this is a good one up nearly 43% . opening, it was up more than 50% . a a lot of excitement around talend. amazon on pace to close at all time high. it is all about the cloud. they reported a nice second quarter. -- more than00% 800% -- on a year-to-year basis beating estimates by 59%. that strength came from the cloud helping amazon put up a fifth consecutive quarter of profitability. the nasdaq up modestly. whynn resorts down 5.9%. one of the big drags on the nasdaq after they posted somewhat soft second order las vegas revenue. down 1.1% year-over-year. whynn resortshat has allocated 100 tables to the new whynn resorts palace. that was below estimates. it shows how serious beijing about the tabletop reallocati

let's go down to abigail doolittle live at the nasdaq looking at how it has recovered since the brexitat tom and bill were talking about. abigail: we have the nasdaq in full rally mode, more so than 500 and down.s&p the nasdaq has erased all brexit losses. we have lots of strength. two of the biggest winners are tesla and whole foods. they fared the volatility the best. deliveries it guided down and had issues around autopilot. pretty amazing. whole foods on take-out speculation. one stock more uncertain, and american airlines. this is bounced off the bottom nicely, up 19% from the bottom after falling 18%. it shows investors were initially concerned about the brexit fallout on the travel industry, airlines in particular. and now, not so much, until again they are. we have a way of returning to issues. it will be interesting to see how that plays out. matt: thanks, abigail. treasury officials tell lawmakers they will relax restrictions on some intra-company banking activities. it could ease cash flo pooling. i want to bring in our tax reporter. what is cash pooling? >> it is almost an

let's get more on those tech movers with abigail doolittle, live from the nasdaq what are you seeing?: we are seeing some fluctuation. it appears behind this weakness is the flipping of some of the big tech stocks. amazon, facebook and apple taking down what could be behind the weekend -- though weakness -- the biggest worry for the nasdaq is a macro question. after the big five-day rally that left of the nasdaq slightly higher, right now at least, still above the big row number of 5000. that unlike the dow and the s&p 500, the nasdaq is nowhere close to its record highs. so is this rally over the last two weeks for real? when we take a look at a longer-term chart of the nasdaq, there is one thing we know. lots of uncertainty. massive swings up and down. interestingly with the nasdaq climbing over the last five days, we have the index exactly where it has been twice last year, right around the top of a range. but that led to the nasdaq dropping back down suggesting we could see the same, these lower highs lower lows. the tension we are seeing with the growth year nasdaq lagging the mo

let's get down to abigail doolittle looking at some of the big movers on the nasdaq. : the nasdaq highernt. it is a broad-based recovery. only two major sectors trading lower. the best is coming from health care, reflecting the strength we see in biotech. the nasdaq biotech index up 1.9%. helping the biotech sector the up 3.9% amidne, multiple reports of being one of three companies to have signed a confidentiality agreement with high growth -- a high-growth biotech companies. many see this as a first up toward acquisition and many investors believe this is a positive. isther pocket of strength randgold resources with shares higher 2.7% today. but on the year, they are up double for one a of the gold mining companies. this reflects a few factors. gold is up 25% on the year and with all the volatility, it could be an indirect play for investors. another pocket of strength here. high,r almost at a record matching its record high in 2012. shery: gold is seeing its best year since 2010, so that chart, does it offer any clues on what could be next for gold? chart suggests a -- suggests an inf