the plot thickens on the bit for alston's energy assets. mitsubishi and hitachi are joining with siemens to make an offer by monday. we'll break it all down for you in a little bit. >> thanks. european markets just opening. let's check in with caroline hyde at the touch screen for all the details. >> mark, thank you very much. it could be a delayed trade. your next set to sell shares. an euronext which of course manages thest the market, gets the trading going, said that the opening of cash equity markets could be delayed due to a critical issue. technology problems they say. connectivity problems. today we're expecting another wild one. pretty flat. let's check in on the british pound. that is trading high. $1.68.18. why? once again, we're showing strength in the u.k. economy. 6.6% unemployment. the lowest in five years. wage increases, though, that is few and far between. that is lower, of course slower than inflation. and grocery prices are going up. nevertheless, this could push mash carney to have to act -- mark carney to have to act.

that being three joint ventures, one in renewables as well as the sale of ges signaling business to alston'ss. just concluding moments ago and ge stock off the highs of the day. >> thanks, mary thompson with the latest there. >>> asking our traders to tell us what they think will dominate the second half of the year. doc's up. what's your story here? >> i think it's going to be coat tie and macao, judge. >> talking about casinos. >> talking casinos. why not? they've killed it in the beginning part of the year then sold off. we said -- >> guy who just got back from vegas i think. >> i'm going back. >> i bet you will. >> knock on wood. cashed a tisht on the u.s. soccer team. as far as how the rest of this plays out, pressure herb put on these, because japan was saying that they were thinking about potentially making gaming eel in japan for the first time ever. well, i think that is already factored in now, and that's going to be several years out into the future before anything gets built there, judge. so in other words, the money laundering that stephen weiss accurately calls as far as someth

the big one, clearly who were buy alston. trying to push forward a plan. the latest from parrotis, a socialist, from france, a tiny stake in alston for themselves. speaking of socialists politicians, remember this wo? n in charge of power, energy in france. scrapping the prices coming through at the beginning of the fall. you can see state-controlled down 8% in response to that. one more, in madrid today, they've got a new king. felipe 66 -- philip vi. and frankly, guys, small consolation for the fact spain was kicked out of the world cup last night. undisputed kings of international football for six years, and now heading home. >> my favorite headline, the reign of spain nends pain. in the "journal" today. unbelievable match. >> it was. and sand, kind of. >> i know. thanks, simon hobbs. >>> now that you've seen the amazon phone what do you think? we've been telling you all hour, your chance to be part of "squawk alley" in a moment we will ask you that question, and then you can vote and see the results live on-screen. all you've got to do, go to cnbc.com/

bid forns has made a alston. they are in the middle of the news conference. further comment from them. about ge's offer. the ge offer would dismantle the french company. entire unit.g the he wants to create a european rail champion. that was one of the issues. are quite keen on their trains. they are quite keen to hang on them. >> the question is what g comes back with. -- ge comes back with. they have already promised to secure jobs. the ball is back in their court. >> the politics may be over industrial logic. how are the markets digesting all of this? manus cranny has more. is nother there is logic known. numbers are coming in in terms of the auto providers. goldman sachs says stocks will rise by eight and half percent throughout the next 12 months. organ stanley says you will get a rise of about 5%. go to my twitter account and i will tweak the rest of the estimates. chanceents have had the to read that first. that was the story that was on this morning. that is helping their numbers rise pretty well. that insulation hated that you mentioned, the lowest i

alston has agreed to sell most of its nrk business to ge. we told you last week as part of that deal, the french government will require a 20% steak in the company. the $17 billion purchase is ge's biggest acquisition ever, believe it or not. despite the news, shares of ge were down 1% to $26.68. more deals, wisconsin energy, integras are increasing. they will serve gas and electric customers in michigan, illinois and wisconsin. shares fell by 3%, shares of integra surged to 12%. >>> here's another update on the allergen takeover battle. allergen advises investors not to sell their shares. the botox maker called the stock prices grossly inaccurate. >>> shares of nordic american surged offshore. nordic is a supplier of offshore energy vessels and it went public earlier this month. shares jumped 13% to $18.76. the 2014 drug maker cited strong business performance and said it expects to continue to do well throughout the year. shares rose a fraction to 53.75. >>> a new survey finds that too many americans, especially those between the ages of 3

our last topic, the french government striking a deal to purchase alston.think it was a good idea to strike that partnership with france. you have to wonder, ultimately they're happy to have france as a partner, but i don't know. >> c'mon, if you want to do maximize profits -- they've had a relationship with the french government for years. >> that's true. >> the other thing you should realize, when you see jeffrey immelt in paris, there's a woman with him. she's about as establishment as you can possibly good. she's married to one of the senior conservative politicians. ge is in thick, but it always has been. >> that's absolutely right, but if you look at the concessions they had to make in order to get the deal done, it means lower cost savings, smaller boost. but working with the french government, they don't make it that easy. i lived in franceiers, and i would say it's a great place to visit, but a harter place to do business. >> the poll, is it a good idea for ge to partner with france? 53% said no, so, you know, narrow, but unless the knonoes e it. >

. >> alston adds now might be a good time to look into drought- resistant landscaping if you are trying to sell your home anytime soon. >>> a finish rescue operation is under way in a creek near gilroy. the department of fish and wildlife workers and volunteers trying to catch hundreds of steelhead trout. those young fish are stranded in the low water can't make it to the ocean because of the drought. >> they're in trouble right now. >> big-time trouble. if we don't rescue them, they die. and they're protected under the federal endangered species act. >> the rescuers are using small electrical charges to nudge those fish into their nets and then into a tank truck. they will be released three miles upstream in deeper water. rescuers hope the trout can get back to the ocean next spring. >>> so great white sharks may be one of the world's most feared predators, right? it turns out they're actually not at the top of the food chain. kpix 5's don ford on the hunt for the super predator that actually devours them. >> reporter: it's one of man's most primeval fears. being eaten by a great white

cents on tuesday, and france has cleared the way for ge to acquire the power generation business of alstonnews. nice. wrench? what? aflac! so this is who you brought to help us out? oh yeah, he's the best. hmm... he doesn't look like he's seen a tool in his life. oh, he doesn't know anything about tools. aflac-ac-ac-ac-ac-ac-ac! but when i broke my arm, he lent a hand. he paid my claim in just four days. four days? wow! it's no accident - aflac pays fast. find out how fast at aflac.com and remember,accidents don't hurt as much when you have aflac. better. whafrom small steps.made from? giant leaps. big ideas. and sharp minds. all the things that make a born maker, made this. a car with swagger. intelligence. soul. a car that proves a well-made sedan doesn't have to cross an ocean to be worthy of the american road. the all-new chrysler 200. america's import. dad: he's our broker. he helps? look after all our money. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. kid: what if you're not happy? does he have to pay you back? dad: nope. kid: why not? dad: it doesn

general mcchrystal and general petraeus and general alston and general allen have all made recommendations to this administration on war policy issues in iraq and afghanistan. the president has rejected summarily every single one of them during the residual forces, et cetera. it doesn't surprise me on an issue as essential as this is those who posted a fight made a recommendation we should not make this trade and provided the rationale for it. that was ignored and rejected as has all of their other recommendations over the past four to five years. >> general, thank you for being here. >> it is an under statement to say the administration has taken a lot of heat on this deal. a lot of that has fallen on national security advisor susan rice. after she decided to go on the shows this time suggesting bergdahl served the military with quote honor and distinction. then she was given the opportunity to walk that back. here's what she did instead. >> i realize there's been a lot of discussion and controversy around this, but what i was referring to is the fact that this was a young man who volunte

the outgoing on-scene commander general alston recommended 23,000 troops. envoy for the president of the united states put 10,000 on the table and was willing to negotiate even less than that. maliki knew he didn't have a serious proposal. he wanted cover. he threw that out there to provide cover. huge mistake in not providing the forces. >> what do you think, general, the implications of doing nothing are? we just heard buck mckeon say the president is golfing today. you know, we've got a lack of engagement. what happens in your view in terms of implications that the american people should be thinking about whether it's on the economy, on perception, on sentiment, if the u.s. actually does nothing? >> well, there's two major issues here. iraq collapses economic impact significt. oil prices off the charts. and you know better than anybody, when oil prices spike significantly, it's a prelude to a recession. that would have a huge setback inside the united states. geopolitically in terms of security, right before our eyes, what has taken place is the spillove

it's all about the deal with alston and siemens in germany are trying to bid for certain assets. >> there'sthat's right. >>> dom, thank you very much. let's check the markets. we're close to our highs of the session with the dow jones industrial average up 32.5 points. the nasdaq is up a half% now, or about 23 about the 25. the s&p is up a quarter of a percent, about five points. in terms of interest rates, we saw a spike earlier this morning on the economic data, which showed more inflation than the market was expecting, thee right now is 2.64%, in terms of the sp spdr index, and kre, and the spdr s&p medals and mines, the sim many this is xme. >> interest day and interesting couple days ahead with the fed meeting and press conference tomorrow and we'll wait to see what amazon does, with a possible new product announcement. >>> we'll see you tomorrow. "street signs" begins right now. >> has something just happened in the economy that should change the way you invest? hi, everybody. welcome to "street signs." the piece of news day that surprised many and what to do about it. what philip k.

and france has been -- the french government has been freeing up cash to buy that s k stake in alstonl with suez. at the bottom end of what people are bpexpecting. the most interesting story toyed is that abu dhabi continues to buy major stakes in airlines. it's bought a 49% stake in alitalia, which is in its second round of bankruptcy. we think probably for about 3/4 of a billion dollars. basically, mohammed bin zayed, the crown prince of abu dhabi, has been buying up air berlin, aer lingus, serbia, small stakes to try to force a lot of these international carriers to transport people via abu dhabi, the united arab emirates, as they seek that to be a major hub, a major way for them to reinvent the countries as a transport hub around the world. so that deal going down. of course air france was the original deal for alitalia, but that fell by the wayside. >> thank you so much, simon. simon hobbs this morning. when we come back, is a future with drone delivery already dead? some details on the latest move by the faa. we're still following the supreme court's decision that aereo has viol

the think there is jeopardy to the ge-alston transaction if this fine is imposed?. >> i think it is on its own independent course, as it should be. >> even as france threatens disruption to trade between the two countries? >> i honestly cannot get into the head of the governmental officials that are speaking, but i think it is wise to take each one of these items on its own merits and not to link them. >> got you. my agenda is it is 25 years to the day after the tiananmen square crackdown and hundreds of thousands of people are gathering in hong kong, the only place in china where you can commemorate this event with a candlelight vigil. you have to asked the question -- to ask the question, is china better off, and let's look at some of the answers. this one is from one of our production assistance. economyird -- china's is better off but country's air quality and food safety are worse. china has built on its strengths and it is better off, even though methods are controversial. china has always said it would go its own way in bringing about economic liberalization

the plot thickens on the bit for alston's energy assets.chi are joining with siemens to make an offer by monday. we'll break it all down for you in a little bit. >> thanks. european markets just opening. let's check in with caroline hyde at the touch screen for all the details. >> mark, thank you very much. it could be a delayed trade. your next set to sell shares. an euronext which of course manages thest the market, gets the trading going, said that the

for the third time in two months trying woo over the frefrpbl government making its final push or alston'sy unit. -- alstom's energy unit. >> we spoke to them yesterday about this. he is described as an impressive character. the u.k.'s business secretary talks about alstom and the fact that the french have to play by the rules. >> we have this -- in the u.k. where we have been concerned about the potential impact of a fizer takeover of astrazeneca. it is very engageing with the company. pfizer. so secure long-term commitments to the ready base and in the event they have gone away. this for the time being. clearly there was a national interest. but within the rules. >> ok. joining us now is matt campbell. let's take a look at this battle. jeff's in town. he wants to nail it. what does he have to do? >> he wants to get it over the line. all of the noise we have seen with siemens and its counterbid, g.e. still has the upper hand. they are very much in the lead. i think he really has to close to deal to convince the government to go along with his plan. the smart money is very much on g.e. get

two companies might team up to counter general electric's did for the alston business. one of the biggest upset ever in a congressional race -- the number two in public and in the house, eric cantor, lost in the primary to the key party candidate, david rat in -- david brat in virginia. campaign that a portrayed eric cantor as being soft on immigration. moving and shaking this hour, the incoming ceo of aig peter hancock. he will take over again september 4 bob benmosche. for bobptember benmosche. he established a derivatives group at j.p. morgan. internationalg's assets, return the company to profitability and repaid the government 182 million dollars bob motion. he stayed on longer than planned -- bob and moshe it. he stayed on longer than that plan after announcing in 2010 he was battling cancer. i spoke with bob for a few moments yesterday. i want to read one part of what he said. "it is simple. i said i would set a date to make the trip, but in order to make the organizational changes at aig it would be important to have a new ceo to run the company. the transition

general mcchrystal, general petraeus, general alston, general allen now general dunford have made rmtses to this administration war policy issues and the president has rejected summarily every single one of them with force levels, residual forces, et cetera. it doesn't surprise me on an issue as ten shut as this is. generals as close to the fight in the theater recommendation we should not make this trade and provided the rationale for it that was killing in order as has all their other recommendations over the past four to five years. >> what were they most concerned about? >> they were most concerned that one of these guys would go back and fight against american forces. these aren't just low level guys, they would be leading. lead charges against american troops. the king knows best. that's why lindsey graham and even democrat dianne feinstein has come out and said, you know, this was a bad deal and we should have known about this before. why did you leave us in the dark and do all of this by yourself? >> he has explained why. because there would be quote political hurdles by congress

national in the meantime we can discuss the latest developments with former british diplomat william alston thank you so much mr olson for joining us here and here national well you've probably heard what's happening in the region at the moment and specifically the building that's been attacked by the air force is located in the center of the city our correspondent did also tell us earlier about the attack that the military knew that they were targeting civilians so why do you think that happened why did the military attack attack the building were civilians were inside. firstly there's a great deal at stake here and the most important thing that's at stake is nato is diminishing reputation now in nato in the u.s. are undoubtedly advising and even instructing the so-called authorities in key. on what to do they're also testing the waters to see how and if russia will react russia will react but probably in a more intelligent but hopefully hard way when and if it has to happen so it's about reputation and in this sense the people are just key to this father doesn't matter who the people are

alston from the lodge. al senior. al junior. is from the bahamas. so i thought, this would be great. i hadn't been to the bahamas with my dad, and so we went down and what's always been bittersweet about that, we taped that in april of 2001, and was gone, died from lung cancer in october in 2001, the same year. and to look at him, you'd have no idea that anything was wrong. my dad came home one thursday, and said, tomorrow we're going to montreal. just decided, we're going to go to expo '67. we didn't have tickets. we didn't have reservations. we didn't have nothing. we had a new station wagon and my father bundles us all up. it was one of the greatest times of my life. >>> my father's name was jay robert lauer, but most people called him bob. my dad was the most reliable man, reliable person i'd ever met. no matter what was happening in your life, how big or how little your needs were, he was always there for you. i can't remember a single time in my life that i ever said to my dad, you want to have a catch, you want to throw t