sandra: dow was at twitter's chief financial officer anthony noto.e will have the reasons behind the selloff. federal reserve chairman janet yellen facing difficult decisions releasing the latest statement on the u.s. economy later today. we will tell you three things you need to watch from the fed. checking in on u.s. stock index futures. dow futures up 41. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance. ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage,

we'll hear from interim ceo jack dorsey and cfo anthony noto later on in the hour. in the meantime here's what's coming up on "fast." >> announcer: it's not just twitter and yelp dominating the headlines tonight. a slew of other big movers hitting the tape. and one of them could be signaling trouble in the economy. we'll tell you which one. >>> plus facebook out with results tomorrow. and there's only one thing that matters to traders. we'll reveal when "fast" returns. a chance to try something different. this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ take advantage of our summer offers. lease select cts models in stock the longest for around 399 per month. >>> the wild ride continues for twitter in the afterhours session. looks like we are at afterhours session lows now down more than 4%. looks like we could be breaking the $35 level. let's get back to suntrust's bob peck for his reaction. what happened? >> a big part of the after call was growth in maus. the cfo says they have yet to prove why someone should use twitter. this

interim ceo jack dorsey and cfo anthony noto said the company would not see substantial -- would nothe same meaningful growth for a while. the warning came despite second-quarter sales beating estimates. revenue jumped more than 60%. lvmh has reported its strongest earnings increase in three years. first-half profit rose 15% to just under 3 billion euros. the luxury goods maker saw a pickup in sales of its fashion and leather goods. decision day at the federal reserve. policymakers are set to release their statement at 7:00 p.m. this evening u.k. time. while economists see no chance of an interest rate rise investors will scrutinize the statement for any hint that policymakers are inclined to move in september. volkswagen has reported second-quarter profit in line with investments -- with assessments. all this comes as we found out yesterday that vw had overtaken toyota as the number one global car sales in the first half of the year. a little more of a breakdown. chris is our european autos correspondent. when we look at these numbers, the earnings picked up. no longer expecting a s

if they go with anthony noto, more of a banking person inside of twitter i feel like they will get ready for act with with significance. i am -- acquisition. i'm trying to listen in as investor. deirdre: do you actually have a preference? >> i would like to see someone internally grow current acquisitions. they have four acquisition that three or four months. one is periscope, you look at live broadcast of earnings on periscope, which is live broadcast streaming service which will be phenomenal. meerkat is another player in the space getting a lot of buzz and noise. twitter i think will take off with periscope. that is number one. companies they bought recently, major focus as investor i like to see them keep working on user interfaces like they have last few months. continue on growth patterns and really get this company to the full potential i could actually see acquisition target happening next six to 12 months or continue on the rise. deirdre: that is quick. we'll watch the calendar. thank you so much meantime for the time. joining us there. he is a twitter investor. >>> in breaking

anthony noto said something was said on this program yesterday. the product remains difficult to use and twitter -- there'll be no sustain meaningful growth in the user base. those are the critical things they are grappling with. maria: is this a twitter ratio or an issue for broader s&p 500? >> i would say it has more to earnings than it does the idiosyncratic issues of the companies themselves. we said we would be down about 4.5%. maybe a little bit better. we may end up looking more down before we are all said and done. investors find the wrapper with the fact you a full in the market. you don't have a speedy economic situation and perhaps this fall realizing the lift off day. the factors trouble investors at the moment. maria: will talk more about the fed needed to gdp. what are your expert patients? anything new? >> like everyone we will decompose what comes out of the consequence. i don't expect anything material and interest rate policy. i hope to find some implicit toners some implicit toners than a minute you could extrapolate from that s

the one thing i do like about twitter is anthony noto, an ex-goldman guy, really knows his stuff. i think he can do a good job with it. i was saying something about certainty. wall street likes certainty, not uncertainty. they have to figure out who is running the show. looks like the stock put in for a low only because it was way down already. it is not a leadership stock by any stretch of the imagination. melissa: building on that point, you were saying just that, that they need certainty, that is something they're very far from in the stock. they have interim ceo going back to one of the founders -- we don't have a lot of color who will run the company long term and also what the strategy is. at the same time, you hear more and more reports of users disengaging. more and more bots on twitter. seems like we're far getting any certainty on this, no? >> well, that is the main point. where is twitter going to be in a year or two? where exactly do they want to go? they are losing people. the amount of tweets has been less but still the place to go, the place that is most talked abou

>> anthony noto's not a dumb guy. zbleez not a dumb guy. and if they announce a ceo in the next couple of weeks one has to think did that conversation post earnings play into the negotiations for this new ceo? >> i completely agree. >> just throwing it out there. >> we love conspiracy theories. as we head to break let's take a look at the other movers, the big movers in the after-hours session. take a look at wynn reversing losses. the call's under way. we'll hear from ceo steve wynn after the break. plus whole foods getting whacked. big miss there. the latest headlines from that call as well. one stock is up 130% this year and it's soaring in the after-hours session. we'll tell what you it is when "fast money" comes right back. stay tuned. over 20 million kids everyday in our country lack access to healthy food. for the first time american kids are slated to live a shorter life span than their parents. it's a problem that we can turn around and change. revolution foods is a company we started to provide access to healthy, affordable, kid-i

she and jim cramer talked to anthony noto earlier this morning.call? >> he didn't. he sounded very serious and very negative. he really stressed to us that he doesn't want to sugar coat it. twitter has had no organic growth and they realize they need an overhaul and a marketing campaign. he says people don't understand why it's for people. noto >> to be clear, we cannot expect to see sustained meaningful growth until we start to reach the mass market. we expect that will take a considerable period of time. >> i asked him what considerable period of time means. he says they really don't know but it should be a few quarters in terms of jack dorsey also going into details about twitter's problems and how he wants to fix them. >> we haven't done a great job at aligning the entire company around our total audience strategy. we are in the process of complimenting a stronger discipline of direct ownership and accountability that clearly serves a single strategy to expand our value of reach and -- >> they believe twitter is fixable. noto telling us the co

anthony noto will reassert himself. is he -- well, ruth porak. she keeps changing the world for google. changed the world it will be a fascinating earnings call tomorrow night. teva agreeing to acquire allergan for 40.5 billion in cash and stock. they say they expect about 1.4 billion in annual cost synergies and tax savings from that deal. teva has withdrawn that offer from mylan, allergan brent saunders earlier talked about what the teva deal means for his company. >> this is the right deal for us at the right time. you look at our branded business aesthetics eye care gi women's health urology, infectious disease, these are a higher margin higher growth businesses for us so now we can really double down build those therapeutic categories up and also look for future transformational deals like we did the allergaf deals. >> what an interesting way this turned out, don't you think? >> this is teva's spite full of mylan, going over this my car itable trust owned this a while. going over the number bs they paid 17 times ebitda. david is not here. i

they need a lot of anthony notos there. my guess at some point someone will buy them.t more to justify it because you have to pay a premium. where is the stock trading at today? do we know? neil: 36? >> 36. you have to do a premium on that. that is something like a 40 billion-dollar -- neil: clearly a double top going on there in the early day. >> you are a day-trader. you know, i know you're the type of guy that goes home and day-trades. neil: i do it here. kidding. i do not. you, people tweet you even if you don't tweet. >> i get like -- i don't have the most followers but i have the most haters. neil: no one tops you in terms of haters. you rule the roost. >> i have 49, 48,000 followers. neil: they're all angry millenials. >> but 894% of them hate my guts. neil: charlie gasparino, the best in the biz. meanwhile we have stocks up, gold going down to a five-year low. is there a reason for that? after this. ♪ when you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about. that's where at&t can help

cfo anthony noto warning that twitter's problems with stagnating growth won't get better any time soon. >> to be clear, however, we do not expect to see sustained meaningful growth in maus until we start to reach the mass market. we expect that will take a considerable period of time. >> interim ceo jack dorsey said he's nod said with twitter's user growth and he is working on better communicating twitter's value. on the up side notice he says it's 1/3 where the company's long-term potential is and there's plenty of room to grow and add advertisers. it wasn't enough to reassure investors spooked by stalling user growth. >> we need to do three things one, we need to ensure a more disciplined execution. two, we need to simplify our service to deliver twitter's value faster. and, three we need to better communicate our value. >> so certainly a lot of work to be done for twitter and really a lot of talk on the earnings call about how they're not happy where things are right now in terms of the product, in terms of how it's marketed. >> julia, stay right here. we also have an analyst joinin