, aol 4%.be a big deal and looks like you're right. >> i think it's changing the perception of what aol is. >> yes. not just an internet company. digital marketing and advertising company. >> and if you think about tim armstrong's history at google as an advertising guy you can see sort of developmentally where this whole thing goes. >> still haven't gotten the "squak box" signs down how to get your attention. the whole thing on street signs down pat. >> i couldn't read, i didn't mow what that said. >> i can't read my own writing. get a check on the markets. rick santelli joining us from the cme in chicago and our guest host wharton school professor jeremy siegel. a lot of fed chatter out there. what's top of your mind this morning? what are you looking at? >> certainly not the fed chatter. >> me too, buddy. >> looking at the fact that post the employment report on friday the ten-year notes yield close has basically been in a one basis point range. where is that one basis point? pretty much whe

he co-founded patch and sold it to aol in 2007 before becoming aol's ceo two years later.armstrong's comments have drawn a media storm, in part because the harshness stands in contrast to his reputation. at aol and google before that, he was a well-liked executive. >> not to make light of it, but it is ironic that a man named lenz was fired for taking a picture today. >> you know, bill, not enough people have focused on that piece of this issue. you're fired. no, i'm kidding. >> thank you very much. thanks, julia. >> thank you. >>> meanwhile, the jcpenney saga continues. reports say the board wants to find a way to oust bill ackman, calling for the replacement of mike ullman, the story evoking a lot of reaction. howard schultz calling in to maria on friday to defend ullman. here's what he had to say. >> mike ullman came back really to try to save the company, and what's so perverse here is that he is trying to save the company that bill ackman has basically done severe damage to. and for ackman to do what he's done the last 24 hours is not only irresponsible, but it's dest

tyler is tongue to reach out to aol for comment on this issue. back over to you. >> whatever you say about him, he was decisive in that particular moment. julia, thank you very much. the depp call of the day is -- they would say a development of its most advancement drug, after a late state trial fail to show that the treatment was better than other treatments. the drug treats melanoma, the most deadliest form of skin cancer. >> downgrades fortes la and upgrade tore kiss by cream. we'll see if our analyst agrees with the calls and the clock is ticking for s.a.c.'s steve cohelp. find out what happens to his 1,000 employees. we're talking with ron insana. he used to be one of the 1,000 workers there. he's coming up next. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&

i had no idea that aol owned the patch.strong sold it to aol and still failing. >> still failing. in any event you don't have a great business. the fact that he issued a four paragraph statement detailing, apology to this individual, shows that knows he made a mistake. usually because executives have to keep cool even under pressure. and he, while not sounding unhied did do something seemed impulsive. adam: isn't that the key? apology explaining all this shows, it he was truly in the right, veronica, to fire the guy. >> that would have been the case. i think is probably worried on some aspect this will beurned into a lawsuit. in new york, you can fire someone. adam: of course you can fire someone. abel, are you watching? >> reputational damage to abel could be huge. but at same time, there are other websites such as business insider, put abel's resume' up there. adam: veronica, tony, appreciate you being here. tim armstrong, if you're watching for the donald trump song. up next , "who made money today?" here's hint, john pa

. >>> another place that you need tokeep looking at aol, this is a new service that aol supports was fired very publicly in a conference called by tim armstrong the ceo of aol. he called put that camera right now. abel, you're fired. out. five seconds later to stunned silence, mr. armstrong proceeded with the rest of the conference. he said i'm really sorry. i shouldn't have fired him so publicly. >> but he still fired him. >>> very quickly, jeff, coc coca-cola their nonsugary drinks. >> diet drinks have been good. we thought they were doing fine here and it's just the main act the sugary product has seen declining sales here. coke coming out with a very big ad campaign. there appears to be a decline in the diet coke product. they need to address some of the concerns healthwise over aspartane. >>> 16 new jersey public employees are now millionaires after winning part of that $448 million jackpot. they came together in a colorful news conference yesterday. >> we lost our home in the storm. i stayed with my brother for a few months. first thing i'm going to do is buy my daughter and me

we started aol in washington, d.c. wasn't a startup community very much at all.out the government and government contractors and lobbyists and that sort thing but now very robust and takes some time and having successes, aol and mci and wealth that got reinvested in the community. i'm really bullish on what's happening broadly in the country and particularly regions outside of silicon valley. >> washington can't seem to agree on comprehensive immigration reform. what's the biggest risk to business if they can't pass a bipartisan bill? >> we could lose our status of becoming the leader in the free world, due to the work of many immigrant entrepreneurs, that's the story of america. there's a lot of different ways to look at immigration reform, some through a political prism or security prism and i think the right way is to look at it through an economic prism and winning a global battle for talent but i'm optimistic and the xwang gang of eight passed the senate and house it doing its work taking a step-by-step approach and in the fall they will come up with their a

it happened by an aol employee, fired on a conference call. >> able, put that camera down right now. you're fired. out. >> wait until you hear why the ceo did it. does the punishment fit the crime? >> after that horrific week that saw her mother and brother

was fired very publicly in a conference called by tim armstrong the ceo of aol. he called put that camera right now. abel, you're fired. out. five seconds later to stunned silence, mr. armstrong proceeded with the rest of the conference. he said i'm really sorry. i shouldn't have fired him so publicly. >> but he still fired him. >>> very quickly, jeff, coc coca-cola their nonsugary drinks. >> diet drinks have been good. we thought they were doing fine here and it's just the main act the sugary product has seen declining sales here. coke coming out with a very big ad campaign. there appears to be a decline in

aol will pay $405 million. it's estimated spending in the digital video advertising space will grow 41% to $8 billion this year. media mergers and acqusitions are picking up the pace this year. monique lewis, who heads up the tech and media division of mergermarket, is skyping with us this morning. good morning, monique. why are merger deals so active? - we're seeing a lot of activity because interest rates are really low. you have these large buyers just sitting on a lot of cash, and they can get really attractive assets on very cheap prices, so this is a good time to really go in and strike now while they have the opportunity. - how does this year stack up to last year? - so far, being only about halfway through the year, the m&a activity in north america has nearly doubled all of what we saw last year. last year there was about $29 billion in valuation of deals, and this year so far we have seen already $55.7 billion in valuation of deals, and that's an increase of 92.1%. - is this a trend you think is likel

marijuana before ari psychiatrist and pediatricianju sign off on the press cringes.th >>> laying off aol at the local newse ol shot. it will consolidate 150 of theid 500 sites, and look for partners for others. the layoff takes 9% of aol's total workforce. >>> 1600 pennsylvania avenue is going green.atni construction workers were on the roof the white house today installing solar panels part ofs the initiative of the obama administration to promote renewable energy.. >> they are regarding federal agency to renew -- meanwhile thh family took in a bike ride during their vacation at martha's vineyard. the president and his oldest daughter mallia, and the first lady were not too far behind. t >>> straight ahead on the edge, it's the new conspiracy theory that people had been thinking about for a long time, and it's been debunked. area 51 h 51 51 declassified. so what went on in there. >> what mike shanahan thoughtshh they got out of the past three weeks. plus gm bruce allen gives us with the controversy between shani and r get 3. >>> ass nation's capital's prepares to commemorate the --te as

aol looking to video advertising to boost business.company agreed to acquire a video lap top for $405 million in cash and stock. adapt tv helps match advertisers through an exchange aol reported second-quarter earnings today reporting a 2% gain in revenue. it's a done deal groupon named its new permanent ceo. he had been sharing the job with ted leonsis since february. live stream interview in los angeles, spencer rajbun sat down with president obama the event was streamed through white house web site. users submitted questions to the president through various platforms, using hash tag ask obama housing. in an interview the president said woe save money if refinancing on his chicago home but hasn't yet done so. u.s. stocks declined today jéz giving the stand skbrard poor's index it's first thre three-day joft since mid june. and finally, yahoo is ditching the company's 18-year-old logo. in a campaign over the next four weeks the silicon valley company is showcasing 30 different logos every day, final will debut september 4th. this comp

patch's creative director during a meeting on the future of patch. >>> shares of aol closed slightly lower today but august is a sizzling hot month for the company and several other media stocks. some of the biggest winners and what is driving shares higher. >> reporter: shares of pandora shot 6% higher today, thanks to a goldman sachs upgrade that dismissed competition concerns pointing to the promise of advertising growth. >> we had accelerating mobilization and starting to crack the biggest cost over hang on the company, which are the content royalty costs. >> reporter: pandora doesn't report until thursday but several other stocks gained on better than expected results. link inup and the stock hitting an all-time high monday after the analyst upgrade the the stock to buy on unexploited growth opportunities. groupon benefits from signs that the local mobile strategy is working, but perhaps the biggest fact tomorrow behind the 8% gain this month is news that interim eric is permanently taking on the ceo role. >> we seen the stocks do well in part because they have nicely beaten num

the company beat expectations as did aol and time warner. a poor performance for many small cars in an important safety test. half of the vehicles tested by the insurance institute for highway safety did not do well. nissan sentra was rated poor as were kia soul and forte models. the honda civic was the only small car to get a good rating. >>> the markets actually took a moment to catch their breath this week. e to dive beginning of a summer in? joining me to talk stocks and investing mary ann bartels chief investment officer and michael santoli. the markets feel like they're taking a breather this week. we had the first of three-day losing streak in more than a month. do you think this is the beginning of a consolidation? >> it's possible. markets often peak in the summer months, then the worst month of the year is actually september. we do have things going on in september. we're going to have to address. like the debt ceiling, new fiscal budget for next year. so we might see another dip within the market, but we are remaining long-term go

. >> reporter: one former employee of internet giant aol just got the axe in a very public way. 1,000listened in as his boss gave him the boot. >> abel, you're fired, out. >> reporter: the ceo fired an executive during a conference call set up to outline drastic cutbacks and layoffs. abel, the creative director of aol's local news network, patch, reportedly tried to take a picture of armstrong and it didn't end well. >> abel, put that camera downright now. abel, you're fired. out. >> reporter: later on the conference call, armstrong is quoted as telling him employees, we can't have people that are in the locker room giving the game plan away. lens tweeted no comment and also this photo inside a bar but at least lens was told he was being let go. >> that was john vermin reporting. according to a business insider while some employees were expecting to hear about layoffs, no one expected to hear a firing live during the call. >> guess not. >>> he is the founder of paypal and tesla motors and now entrepreneur elon musk is about to reveal a new transportation idea called hyperloop and it's

aol chairman hands the pink slip to one of his employees during a conference call. we have the audio and the reason behind it coming up. which is deposited in your fidelity account. is that it? actually... there's no annual fee and no limits on rewards. and with the fidelity cash management account debit card, you get reimbursed for all atm fees. is that it? oh, this guy, too. turn more of the money you spend into money you invest. it's everyday reinvesting for your personal economy. [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? i tthan probablycare moreanyone else.and we've had this farm for 30 years. we raise black and red angus cattle. we also produce natural gas. that's how we make our living and th

aol is slashing half of its staff working on its patch news website.the company said it would consolidate or close some patch sites to cut costs and partner with other media in some locations.layoffs of 500 of the one thousand patch employees began on friday.that's about nine percent of aol's total staff.ceo tim armstrong started the hyper-local news arm to compete against newspapers. job hunters are using extreme stunts to get hired according to careerbuilder.here are just a few: a candidate back - flipped into the interview - another wore a clown suit-one creative job seeker-- sent a potential employer his shoe-- in attempt to "get a foot in the door". career builder advises being bold is not always better-- if you feel you must use a stunt.. do something that showcases your skills that fit the job. still to come: alleviating savings stress. how to get your retirment savings back on track. plus.... what one trader says is the "best looking chart out there" and, house flippers are making a comebback in some cities-- how they are turning a profit with fixer uppers. that's next after this

they want to save it they can touch my e-mail, i'm not on g-mail, say i'm on also, they have to -- aol, they he to ask me if i want to give up my privacy rights,hey are taking the supreme court cas case out f context. neil: they are also saying, everything is fair game as soon as you or internet. nothing is private. just deal with the reality. and mov on. >> that is not -- that shot appropriate, that is not what the constitution says. neil: it is in the fine print. what should people do then, when they realize, you get 8 or 9 screens of fine print on whether you want to buy or upgde, or sign your life away, you realize last paragraph said something about them getting your first child. maybe we should be more careful. >> maybe people who have-mail accounts might want to take note, and say if i don't' every e-mail scrutinized maybe i step off g-mail. neil: i thought of that, but maybe they are doing variations of this or we don't know. this was divulged and all that. we're all suckers? >> well, let's hope not, there is a massive class action against going t googl right nowe judgment has

aol invested $100 million into patch since it bought it in 20009.they say the layoffs are due to the increasing costs of running the new site. >>> you always hear there's an app for that. one day soon there could be an app to help you find out which restaurants could give you food poisoning. a group of scientists tested it. they will take public tweets about restaurants and track it over a 72 hour period to see if they posted anything about getting sick. if so, the program flags that location. >>> he spent hundreds of thousands of dollars at trader joe's the last two years but the grocery store chain is suing him. trader joe's is suing the owner of pirate joe's in vancouver canada. the owner is a former bay area resident who drives across the border and buys products and remarks them and raises them up at his store. >>> mtv's the real world is reportedly returning to san francisco for its next season. the real world is on its third and very controversial season in san francisco back in 1994. an industry report says mtv signed a contract for a 29th s

>> you're talking to someone a bit biased because i covered aol in the late 90's.ad a positive view on them. so i like ted. way i sigh see it they understood their mission from day one how to pursue the local opportunity, requires a big sales force, things of that nature. i think they have shown so far their short period as interim ceos they can get the business doing better. so yes, i think they're okay. liz: all right. david: tom forte, friend of ted. thank you. >> my pleasure. david: president obama is pushing for fannie mae and freddie mac to kind of start winding down. maybe the fha will take it over. maybe they will go private. how is all this going to impact the mortgage market and all of you? coming up we'll talk exclusive with new york community bancorp ceo and president. liz: plus this mid-century modern home featured in a 1986 classic movie, has gone back on the real estate market. david: beautiful. liz: we will tell you about the film. can you tell from this picture here? there was a famous scene. david: bueller. liz: how much the house is selling for,

>> aol's ceo makes a rare pub lake polling.sco is laying off thousands. >> cory johnson is rif at bloomberg west can w.today's after the bell report and out sirkd enjoying sunshine. cory? >> yes. it's a beautiful day. why not? we oflten are close to you guys. job cuts as the company posted revenues in the 4th quarter. kpt says goitsing to eliminate 4,000 jobs and saying demand is inconsistent. game over for zynga. he tries to put a stamp on the struggling social game maker. explaining changes were taking executives out of senior ranks. and aol's ceo issued ab an apology saying he was sorry for the way he fired a staff member. upon the termination, came during a company wide meeting he apparently held up a phone shooting video of the boss as the boss is talking about layoffs to the staff and management changes. boss didn't like that. fired him on the spot. the sound that have went viral and showed up on the web. that caused the ceo to apologize. turning to wall street, stocks falling today0 apple shares up nearly 2%. oiners caus

aol isn't commenting and cnbc has not confirmed lenz' firing but s his out of the office message says no longer working in this role with patch. so why does armstrong sound so emotional? he we be particularly invested in patch's success because he cofounded it had and cold it toal and now armstrong is taking steps. the company will now look to close 400 partners morris local or news site. >> mandy, i would really like to ask you about the latest ongoing drama between cbs and time warner cable because i know you've been following that spitting match since the very beginning, and there's something new this to,story, too, right? >> well, they did go back to the negotiating table last week, but they still have not come close to a deal. we haven't heard anything official from either cbs or time warner cable about when they might resolve the standoff and end this blackout which we're now in the tenth day of, but there has been a lot of talk about ratings. ratings at the los angeles, they are down by 33%. the statement says our local news television statements have benefitted from strong rat

other news, aol eliminating 500 jobs in patch local news business. ceo, remember the story this week he got in trouble for firing someone he was telling the staff that job cuts were looming and now we know it happened. one staff member put a cram in his face and found himself fired on the spot. that is one way of finding out who is going get fired first. half of the division employees. armstrong told staffers the company may close down and find partners. 400 of the web sites, soon. the race of wearable tech space got more crowded. samsung will reveal a wrist watch-like device called galaxy gear sometime next month. and carl icon lost his bid to speed up a lawsuit over dell's buyout plan asking a judge to fast track his lawsuit against dell. stocks closing lower today. data shows confidence dropped a-to-a six-year high. your bloomberg silicon valley index rising today with black berry may be failing. according to a filing hines entitled to seek more than $55 million if the company is sold. if the skp not sold he can see a $22 million pay day this, wee

okay. >> frank, i've been trying to get tech support from del and aol.me they transfer me to a foreign country s there a law to request help from someone in the us us?. >> nope. a lot of companies couldn't live toupt law. everything they do is outside of the country. communication workers of america have been working on a bill introduced about a week ago saying that any time customer service answers they would have to tell you where they're located. and it looks like they have a good chance of passing that. >> up next getting ready for the school year. making sure certain kids are ready for the classroom. >> officials schools where students may have used social media to cheat on the star test. outside lands beg >>> hundreds of bay area school kids are now equipped for the start of the academic year. >> abc 7 news was there the big give away in san jose. >> school starts next week for many students but being ready is not a given for some families. that is why sacred heart community service has been giving away backpacks and school supplies for 11 years. >

we reached out to aol multiple times since the tape leaked. we have not heard back yet.nks very much. imagine going from l.a. to san francisco in 30 minutes. that may sound a bit farfetched. if elan musk has his way the hyperloop will make it possible. he is expected to unveil the design today. more insight on the latest venture. guys, good morning. go. >> good morning. >> han a first of all, have you gleaned anything about the hyperloop and the intentions here from spending time with him? >> unfortunately i haven't. the most recent word i have from elan is what he told reporters on a conference call last week which is that he might have stuck his foot in his mouth a little bit when he started talking about the hyperloop because it is highly speculative. >> it is interesting, right? given that, and the fact that a lot of people after he made this announcement or sort of saying, okay, well, it is suggesting all of these promises, can you follow through? it doesn't sound like we'll get more detail today. >> it will be interesting to hear what he has to say and he said it i

aol up today, largest acquisition since they bought huffington post. back to you, dagen.you, adam. afternoon price of a regular gas is at 3.60 a gallon as of this morning, 3.62 on gas, lowest price for this date in three years, so are we going to keep heading lower? tom knows because he knows everything about gas prices, chief oil analyst joining us now in studio. hey, are we going to keep going lower? >> drifting lower, modestly lower than last year unless you wake up one morning and there's a tropical storm in the gulf of mexico or there's some sort of violence in the middle east, but we should trend lower, and maybe visit numbers not seen since 2010. >> what about the terror alerts that have been issued by the state department. that's, clearly, factored into the price of oil, but does oil need to come down significantly to keep gas prices heading high? >> it's too high. it's priced for every conceivable imperfection in geopolitics and priced for perfection in terms of travel. terror alerts frightened travelers. that's what happened after 9/11. the price of crude oil ha

here i thought donald trump ruthless when it came to firing people on the spot, the guy at aol has himeat by a mile, at least donald fires them in person, tim armstrong did it on a conference call. >> able, put that camera down right now, able, you are fired, out. neil: the guy was snapping pictures of it. >> he snapped, i get it. but this is not the way you run a business. and i was trying to say sadly for this employee he does not have type of employment discrimination case gain aol or mr. armstrong, new york like main other states is an at-will state, an employer can do what mr. arm strong did. neil: even if it does not look good. you might be legal but it does not look good. >> what is the message to your staff. neil: what is it? >> if i don't perform right, i am gone. neil: what is bad with that. >> you can't be on point 24/7. and watching people work, they have to do it because they want to, they are motivated, by the leadership, motivated by accomplishments by money, there is a lot to motivate. neil: fear is not one. >> fear is not long-term motivation. >> i agree. from a legal

here i thought donald trump ruthless when it came to firing people on the spot, the guy at aol has himeat by a mile, at least donald fires them in person, tim armstrong did it on a conference call. >> able, put tt camera down right now, able, you are fired, right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% small. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonst. it's time to build a better enterpse. together. [ villain ] well mr. baldwin... it appears our journey has come to a delightful end. then i betteuse the capital one purchase eraser to redeem my venture miles for this trip. purchase eraser? it's the easy way to erase any recent travel expense. i just pick a charge, like my flight with a few taps, it's taken care of. impressive baldwin. does it work f hotels? absolutely thank goodness. mrs. villain and i are planning our... you scar

. >>> intense would be an understatement for this conference call between aol ceo tim armstrong and about 1,000 employees from the local news site patch. here's what happens when patch's creative director tried to take a photo. >> put that camera right now. able, you're fired, out. >> our. ouch. tensions were high. >>> facebook ceo sheryl sandberg is leaning into $91 million. she reportedly sold shares last week at $38 a share >> steep savings at walmart on back-to-school items. did you know many retailers are tracking your returns. companies say it's for security and fighting fraud. >>> 100,000 people want to give up life on earth for a one-week ticket to mars. but mars one will select just four people to star in a reality show featuring the first colony on the red planet. >>> just ahead, one of the largest and most iconic fireworks displays in the world. and richard lui will have all your sports headlines. you're watching "early today." . . . . . . . . >>> wow. look at that. amazing. over the weekend, lake geneva in switzerland bursting with one of the world's biggest fireworks displays

aol.of money they have no more money if they need to do any more acquisitions they will have to issue stock which they could do. the video ads service st market has collapsed. >>mark: freddie mac and fannie back. it is this a loser. >>: if your consumer it's a loser. it's going to be dramatic and bank of america does have more litigation. the litigation fees are ridiculous. >>mark: a lot more coming think. >>: this will start to wrap up because it is five years or old. but bank of america customers are upset because of the litigation. >>darya: 920 is the time ride now. we want to get a full look at weather and traffic on this wednesday morning. high and a. >>anny: hi darya per it's cloudy skies areas of drizzle. that is a little bit heavier to the point where some people aren't thinking they are seeing some light rain. a misty start definitely to your wednesday morning. we are looking at clouds hanging around a little bit longer brought the after no pre today widespread clouds are expected

out. >> aol's ceo tim armstrong fired an executive during a conference call set out for layoffs.o take a picture of armstrong and it didn't end well. >> put that camera downright now. abel, you're fired. out. >> reporter: later on the conference call, armstrong is quoted as telling employees, we can't have people in the locker room giving the game plan away. tweeted no comment and also this photo inside a bar. but at least lens was told he was being let go. one restaurant owner in winter park, florida, texted his staff to tell them they would no longer have jobs. i unfortunately need to inform you that i have been forced to close effective immediately. being fired just isn't easy. >> i can't do what you think i'm going to do, which is flip out. >> reporter: no matter who's listening. >> you're fired. out. >> reporter: john berman, cnn, new york. >>> happening now, a california kidnap victim returns home after her dramatic rescue from the idaho wilderness. what's next for hannah anderson. i'll talk about that and more with dr. drew pinsky. >>> also, hillary clinton speaking live t

but there is a lot of hoopla. >> that wasn't that bad, at aol, don't bring your camera to workday. so the fact that he fired him on the spot, i'm just, i'm thinking that why don't you use that same kind of gutsy moves to really fix aol, right? charles: tim is doing better than i thought he would. i betcha there is history behind that. speaking of history, that six-week winning streak is over. futures pointing to a lower open. the chatter on wall street that a correction is coming, maybe even a crash. we'll have a take on the markets when we open. but first this. pole dancing as an olympic sport. that's right. i'm not talking what i did this weekend. this is not a joke. international pole sports federation, instituting stricter rules and they plan to pitch this as an event at olympics for the committee to consider. a gold medal for pole dancing. the bell is next. peace of mind is important when you're running a successful business. so wprovide it services you can rely on. with centurylink as your trusted it partner, you'll experiencreliable uptime for the network and services you de

the discussion continues, of course, about aol's ceo. thank you very much.e. can they crack the $500 mark. you know that's the focus on "halftime." >> you know "halftime" will be talking about apple as lee cooperman joins the fray of hedge funds getting in. arguably, this is the time of year to get into apple. this is when the products come out in advance of the holiday season. i don't know. >> it's a great debate to be having. thanks for joining us. that's all for us at "squawk on the street." now we'll hand it over to scott and "halftime." >>> thanks so much. welcome to "the halftime show." four hours until the close. right here is where we stand on this wednesday on the street. dow is down some 80 points. there's the s&p and the nasdaq in negative territory as well. here is what we're following on "the half." summer swoon. what should you be doing? the traders have your best plays. >>> pandora's pop. the streaming radio stock up more than 120% already this year, but can that momentum keep going? we'll debate the stock's next move. first, our top story, te

. >>> aol ceo is apologizing for a very public firing of an employee.here yelling to get out. it was a mistake and emotional response. you'll recall armstrong was in the middle of a conference call discussing layouts at aol's sites when he apparently tried to take a picture. armstrong told him, you're fired. "the new york times" says armstrong has called lenz to apologize. but this very important. he will not be hiring him back. >> i'm really, really sorry, you're still fired. sorry, pal, fired. >>> all right. check out the other top cnn trends. head to cnn.com/trends. that's all for "early start." thanks for staying with us. >> take it away, chris and kate. >> thank yous very much. >>> all right. everybody, almost top of the hour, here at "new day," it means it is time your top news. ♪ >>> all the prisoners must come back. this is in, we are not coming hole. >>> breaking news, hundreds dead in egypt as the government cracks down on protesters. we will take you to the violence in cities across the country this morning. live in cairo. >>> standoff. also

for black voices, aol has black voices they are weighing of african-american content.y directly came to me and said we want you to create a show specifically to reach a demographic you speak to. there's a lot of representation -- okay. there's not a lot of representation. >> there's more. >> there's more online -- i mean, on television. i feel like i don't relate to anybody on television right now, so i wanted to create something that could. >> so with your show, the spark, people are able to see the kind of issues you want and have. >> yes. >> through the internet. >> exactly. >> in this day and age, i think any news junkie pretty much gets their news from a variety of sources. i'm going to be honest here, one of the things i find, often "new york times," msnbc, cnn, a number of folks are doing black stories. if you aggregate enough of it, you'll find a good healthy dosage of stories that affect the african-american community of what's missing more is perspectives. perspectives not just on black stories but per spectacular i was -- perspectives that come from a black

aol's ceo, tim armstrong, was on a conference call.loyees talking about the future of the company and they were talking specifically about a struggling part of the company, a hyper local news website known as patch. he told the employees, quote, if you think what is going on right now is a joke, you should pick up your stuff and leave patch today. that is when tim, who, by the way, is a really affable guy, noticed an employee taking a picture of him and lost it. abel, put that camera down right now. abel, you're fired. out. eight seconds of awkward silence with those one thousand people silenced. we reached o out to aol and the employee, but neither have responded. >>> a new survey out today shows that 80% of new yorkers view anthony weiner negatively. that doesn't bode well for the mayoral candidate's imploding campaign. weiner clearly is not backing away from the race or his sexting proclivities. >> i did these things. no one did this to me, i did this to me. i made these mistakes. >> weiner also admitted he is still seeing a therapi

the ceo of aol days after the very public firing of an executive says i am sorry. should he be? have we gone a little mushy in the conference room? and here we're foolg following the crash of a ups cargo plane in alabama. new information coming out throughout the day. the very latest, plus fire sweeping through parts of iota including around several big-name ski areas. they are being threatened right now. we'll tell you about that, but, first, to sue at the new york stock exchange. >> good to see you, ty. we'll start with the markets right now. a down day right here on the floor of the nyse. the dow jones industrial average is off 93 points, two-thirds of a percent. the s % p is off a third of a percent or about 6.33 point. the nasdaq is down 7.33 points and the russell 2000 is off two points on the trading session. the ten-year yield is right now up above the 2.70% range. we're now at 1.71%. the gold market, after a little bit of a selloff yesterday bouncing back, up number 13 bucks on the day and brent crude is up 17 cents. apple above 500 bucks in today's trading session. 502

. >>> aol reported earnings and revenue that beat estimates but not just better than expected numbers that grabbed online com tv for $405 million. it will help it integrate advertising with video content. >> advertising the last 100 years is bought in bulk. we believe the future of advertising will be bought where you understand the individual asset you're buying and you're able to plan, target, measure and do deep data around advertising. >> investors like that news and shares rose almost 1.5% to $36.69. >>> shares of ralph lauren hit hard today as they issue a sales outlook. the company's brands include polo and club monaco says it see as low single-digit rise while expectations around 7%. one of the worst performers down more than 8.5% to $173.13. >>> people were driving home with new tests and it showed in the quarterly earnings today. the electric car maker said it delivered more vehicles than expected during the quarter. tesla will deliver thousands of vehicles this year. the stock closing at $134.20, down by 5% and popped after hours and is up nearly 350% this year. >>> a busy