i'm seeing a lot of under armour shoes.were saying for runners, they're not our preference, necessarily, but i think more people are buying them >> on the call, they actually said they're starting to gain traction in running. which did surprise me because as a marathon runner, it wouldn't be my shoe of choice >> i'm not sure they have traction among youth my son, who is 13, he is a nike guy all the way. >> adidas too? >> no. nike, all the way. >> kids in the midwest wear under armour >> i think it is because my son is head over heels lebron fan. topic three, the cable companies report earnings including cnbc's parent comcast, and the story is becoming clearer than a 4k tv. consumers are tting the cord and switching to streaming services faster than ever before and jewel wulia boor steestin he details. this is worrisome for you, me, and the folks around the table >> certainly, tyler, these numbers are shocking the second quarter had its fastest rate of cord cutting yet. that's a 5.5% decline in pay tv subscribers according t

under armour tumbling after out canning north american revenue guidance amid heightened competition. and g, organic up 7% strongest in 13 years. >> it is an american growth company. they are taking share, also taking names they turned around grooming. can you imagine? >> incredible. fab ri care up 10 is now of the biggest category. >> what, people that never washed before are now washing. instead of using stones, using washing machines those numbers are extraordinary. they have a good internet strategy i know they were asked by andrews have the big dogs, the facebooks at all put pressure on them i would tell you they are putting pressure on the facebooks. instagram is the way they are selling. ralph lauren, instagram is the way they are selling i love the ralph -- the ralph lauren quarter i have chip on tonight about levis. they had a great denim number. >> polo growing wholesale for the first time in four years >> isn't that amazing? >> there was an easter benefit in there. >> still monaco -- my wife likes the monaco label china, really good china numbers really good. there have bee

first, shares of under armour getting kicked in today's session. now the perfect time to get in our traders will weigh in. don't go anywhere. much more "fast" right after much more "fast" right after this unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. you wouldn't settle for a two-star dentist. so why do you stick with a bank that treats you like this? this is nice, how much? $50. $40. deal. please see if there's better out there. ask the internet! ask your friends. ask your co-workers. we're pretty sure they'll send you over to us. because we're not just a bank, we're an ally. [phone ringing] ally, this is pamela how can i help you? ♪ >>> bell come back to "fast money" shares of under armour getting dumped into today's session, the stock having its worst day in almost two years after the company sliced its guidance. today's move wiped out all of july's ga

>> a rough day for under armour. a turn around is taking longer than wall street hoped for its main market north america showed sales down 3% under armour lowered its outlook from around flat to a slight decline. despite the fact it did report overall improvement in costs, margin, inventories and international growth so what's going on here in north america? market share story for under armour, the apparel, which is its biggest business in the u.s. shrank from 6.4% to 5.6% through june of this year. that's according to mpd. nike and aididas are just grabbing share a company executive told me today they're relying less on sales and promotions, and so it takes a while to train the consumer to pay full price, especially seeing that in their direct to consumer business. i did ask executives when that will turn. they say they're looking for better numbers starting in q4. comps get easier then, and they are seeing with better shelf space and better relationships with wholesale partners. but wall street is losing parin pati

>> they're working there, but coca-cola's sponsoring, under armour and salvation army.so under armour gave us a lot of apparel to bring down there to really bless the young men and well down there, toy reall uplift and enrich the community. >> how can other companies get involved? i assume you welcome. >> yes, we welcome them all. >> welme more partners. if theyto want get voofinvoned intl.org oll social media platforms. >> what are some of the things you need? obviously funding. >> funding is huge. we need funding. i meancorporate, we have corporate sponsors that give money, but really every day folks who believe in it. everybody has a son or daughter who needs tutoring or want to be a little better at field hockey or softball. and they say i'llive $10 a month, $5 a month, everything matters. for the corporations, in-kind donations are great, whether it's books to laptops or an imagine at they that the youth would need, ght? they can e-mail us, and we can send them a list of direct needs if they want to get involved in something like this. >>ou're very passionate about

apple, under armour, mastercard, merck and more on tap today as the fed prepares for what could be the first rate cut in more than a decade. >>> ground up. beyond meat sinking after its second quarter public report -- yeah, they reported earnings people didn't like them. the stock is down. we'll find out why >>> what's in your wallet. how about a massive data beach this is one of the country's biggest credit card providers. >>> u.s./china trade talking taking center stage today. billions of dollars in new tariffs hang in the balance. we'll take you live to washington. >>> and the stage is set the second round of democratic presidential debates kicking off tonight. we are live in detroit with a rundown and why trillions may be talked about it is tuesday, july 30th as "worldwide exchange" begins right now. ♪ >> that song coming out today in 1966 good morning, good afternoon, good evening and welcome from wherever in the world you may be watching i'm brian sullivan we have a major developing story overnight. one that might have impacted you. capital one disclosing a massive data breach th

assets, we are taking a look at under armour, procter & gamble. under armour pretty good. they see full-year revenue coming up by 3% and 4%. the market still down by about seven points for the s&p. procter & gamble pretty solid, up by 3%. 2020 organic revenue growth coming in pretty strong, beating estimates. core earnings growth also beating estimates. david: they see more organic growth coming up, so a good forecast as well. we will definitely get a good read on the consumer through the next couple of hours. you're seeing the s&p down by seven points. it is a mix. the cable rate completely falling out of bed. where will you actually see the bottom? finally it seems like markets are understanding a boris johnson prime ministership and the potential for crashing out of the european union. yields pretty much go nowhere. crude up by about 1%. it is really the cable rate. it has been unbelievable. the gauntlet thrown down. david: as you say, boris johnson is playing a very high-stakes game of chicken. we are getting out october 31, and you've got to change the deal. the eu ha

under armour and akamai your two stocks to watch. that is it it fdoes it for "worldwide exchange." is comingup >>> crisis averted president trump and congressional leaders announcing an agreement on a two-year budget deal to lift the debt ceiling and raise spending levels, but crisis averted there's big numbers we're talking about adding to the deficit. >>> another big day for earnings we'll hear from three dow components before the opening bell, coca-cola, travelers and utx. thestant reactio is straight ahead. >>> and the next prime minister is set to be revealed in about 45 minutes we'll take you live to london for the announcement it's tuesday, july 23, 2019, "squawk box" begins right now. >>> live from new york where business never sleeps, this is "squawk box. >>> good morning welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square. i'm andrew ross sorkin along with joe kernen and melissa lee. becky quick is off today take a quick look at u.s. equity futures ahead of the market open still 3 1/2 hours away right now the dow would open up abou

flown back from libya yesterday, this morning brought to his first court appearance in an armoured policeor the first time since the manchester arena bombing. in the dock he confirmed his name and his british citizenship, and then listened as the names of all 22 people he's accused of murdering were read out. he's also accused of attempted murder and conspiracy to cause an explosion. his older brother salman abedi detonated the bomb. hashem abedi's accused of helping him, of buying the car where bomb parts were stored, purchasing two key chemicals used to make the explosive, and manufacturing the detonator tubes. his lawyer said he denied any involvement and was happy to come back to clear his name. he said he'd been held in solitary confinement for two years and had been tortured. the hearing lasted just 11 minutes and then he was driven out again. hashem abedi has now been taken away to prison, where he'll remain until a court appearance at oxford crown court on monday. it's the end of more than two years of difficult negotiations with the government and military groups in war—torn liby

shares of under armour are plunging the most since 2017.wore the north american region continues to struggle. meanwhile, under armour is transitioning more to more for price sales. they say it is two quarters into a five-year plan. opposed an fbi rate was to find evidence that mylan's top executives played a role in what authorities described as widespread price-fixing in the generic drug industry. three years later, the federal investigation has hit some snags. here with more israeli griffin. thank you for joining us. first of all, let's get started with the fbi raid, where did that lead? toey: let me take you back september 2016. the department of justice antitrust unit sent investigators to mylan's todquarters in pennsylvania seek out documents from the executive offices of the ceo and president. when they got there, they encountered a hurdle, were not able to get into the ceos office. they got into the president's office. the question is what they got out of that. later, five years after the investigation, we have yet to see any charges

stakes >>> we're looking ahead to the biggest weeks of earnings, the desk is hitting apple, under armour, verizon. starbucks surging more than 5% on its results a month after similar gains the trend continues with the stock gaining another 4.8% for more go to cnbc.com/kensho the halftime report is back in 2 minutes. [ dogs barking ] what about him? let's do it. [ sniffing ] come on. this summer, add a new member to the family. hurry into the mercedes-benz summer event today for exceptional offers. lease the glc 300 suv for just $419 a month at the mercedes-benz summer event. going on now. i am bsuperhuman. things that money cannot buy. oh, like your soul back. your brother took my soul. the boys in the lab made me a new one. i'm black superman. black superman is good. very good. there's two of us and one of him. time to work as a team. [ screaming ] i'm sue herera here's your cnbc news update. the fda has improved a new warning about an increased risk of blood clots and death with a 10 milligram dose of xeljanz the u.s. weather agency is warning that record breaking temperatures will bec

the under armour today, that stock getting slammed down 12% more about that move coming up we've gotverything you need to know about the broader markets which are at session highs as we enter this, the final hour of trade. >> welcome, everyone i am sara eisen. let's look what's driving the action slightly lower, the market trading ahead of tomorrow's key interest rate decision from the federal reserve. >> procter & gamble leaves the dow after strong earnings, and coming up in just a few minutes, a big exclusive interview fo

under armour having its worst day in almost two years. a sales miss and more weakness ahead. is it time to trade out. the investment community is ready to go. the halftime report starts right now. >> welcome good to have you with us on this tuesday. our investment committee at the terrible joe terranova, josh link and the chairman and ceo of the gobelli finds and chief executive officer of merrill private bank. we fin where else, the manchlgts a manchlgts. first though stocks lower as the two-day meeting in washington gets under way mr. gobelli, the fed is going to cut, right >> i'm assuming 20 basis points and the real challenge is the currencies, the negative interest rates around the world are causing the dollar to get stronger so how does and what is the impact of that >> you think the fed should cut? let's start there. markets not that far. >> i don't spend a lot of time on it. i just assume that they will be cutting 25 beeps that's baked into the market of the -- for example, we have 100% u.s. treasury fund. no sold taxes and -- it's assuming that already, so 25 is done

. >> i think everyone should get under armour. >> reporter: the gift of shoes and the longer lasting gift the currys themselves and the people who make eat, learn, play possible for oakland. next the foundation says they're deeply rooted in oakland and plan to focus on the city here but have plans to expand later. dion lim -- you want to take me out. >> abc 7 news. >> they did great. i love this, i love this initiative. even though they're leaving that area, still so committed. i love the little boy behind dion showing off his shoes. >>> you're never more than seven minutes away from my accuweather forecast. mike. >> every time you turn around, they're finding some way to enhance our lives and the lives of younger people around us, the next generation. here is a look at sfo. it's really cloudy this morning. if there's any delays, i'll let you know. if not here, @mike nicco abc 7.. mostly cloudy, patchy drizzle as you wake up tomorrow morning and inland heat wave coming next week. here is a look at the cloud cover and even drizzle. the green you see will hang around the coast until ab

boy's under armour - just $14.99... save on adidas backpacks... and converse for the family! plus - free amazon returns now at all kohl's stores! this weekend... at kohl's. but you don't need to put on a blindfold and hit a papier-mâché unicorn to get stuff you want. just become an aarp member! your aarp membership comes with access to more of what you want. like learning about the latest tech, health tips, nights out at local restaurants, help planning your getaways and more. so take off the blindfold and join today. because ya know, it's easier without the blindfold. there's lots of stuff in there, and today could be your day to explore it. learn more at aarp.org/more >>national headlines now 10 year-old boy has been charged with assaulting another boy during a game of dodge ball. the kids are playing dodge ball at their elementary school in michigan and it ended with one of the boys getting seriously hurt. the injured. boy's mother says her son has a rare medical condition making head injuries, especially dangerous. and she's pressing charges saying the other students thre

nga under armour running shoes and a great big bag of goodies you can't get in montana. >> thank you. that's cool. [applause] >> and we also have an outgoing -- >> i get to take it with me. >> you get to take your real gavel. i get the cheesy fake one. >> thank you. thank you all. did pretty well on this. >> please turn your attention to the screens as we'll play short video about the next governor's chairs initiative. >> it's been an authorize serve as chair of the national governors association. with governor hogan as my vice chair, governor hogan has a proven record of of chair hogans initiative. >> it's only when the partisan shouting stops that we can hear each others voices and concerns. i am prepared to create an environment of trust and cooperation. what i envision for maryland is not just an economic and fiscal recovery but a rebirth of our spirit, and a renewed commitment to our common purpose. starting today, let me say loudly and clearly, maryland is open for business. [cheers and applause] >> one and a half years ago governor hogan launched an initiative to make maryland

other notable companies reporting include eli lilly, under armour, mastercard, and pfizer. mostly lower yesterday with banks, retailers, and communications companies taking the brunt of the selling. the dow finished up 28 while the s&p 500 lost four. the nasdaq gave up 36. >>> uber is slashing hundreds of jobs. the ride-hailing service says it is laying off 400 staffers from its marketing unit. that's about one-third of that division which had more than 1,200 people. the cuts are expected to take place in multiple offices around the world. uber employs almost 25,000 people worldwide. the ride-hailing company has been under increased financial pressure since disappointing ipo in may. in the first three months of 2019, the company lost over a billion dollars. >>> european budget airline ryan air is looking at flight cuts and job losses if deliveries of boeing 737 max jets keep being delayed. the carrier's ceo says it was supposed to get 58 max jets by next summer. ryan air now expects only 30 by then. the faa grounded boeing 737 max jets in march following two deadly crashes

flown back from libya yesterday, this morning brought to his first court appearance in an armoured policest time since the manchester arena bombing. in the dock, he confirmed his name and his british citizenship, and then listened as the names of all 22 people he is accused of murdering were read out. he is also accused of attempted murder and conspiracy to cause an explosion. his older brother salman abedi detonated the bomb. hashem abedi is accused of helping him, of buying the car where bomb parts were stored, purchasing two key chemicals used to make the explosive, and manufacturing the detonator tubes. his lawyer said he denied any involvement, and was happy to come back to clear his name. he said he had been held in solitary confinement for two years, and had been tortured. the hearing lasted just 11 minutes, and then he was driven out again. hashem abedi has now been taken away to prison, where he'll remain until a court appearance at oxford crown court on monday. it is the end of more than two years of difficult negotiations with the government and military groups in war—torn liby

the first group of battle tanks and other armoured vehicles arrived in the capital by rail on tuesdayde — which the white house is calling a salute to america — on thursday. the treatment of migrants being held inside us detention facilities is once again stirring outrage — this time from democratic members of congress who travelled to the border on monday to see the conditions for themselves. a report was released by the department of homeland security's inspector general showing what conditions look like in the rio grande valley. the bbc‘s chris buckler reports. at america's border, migrant families will tell you what they expect and what they hope for when they reach the united states. it's opportunity, safety, and refuge — currently the reality is very different. inside the processing and detention facilities along this border a new watchdog report talks of dangerous overcrowding security concerns and children having no access to showers. it was, in the words of one official, a ticking time bomb. they put them in a room with no running water and these women were being told by cbp

they take a stand on colin kaepernick, despite the pushback, sales speak for themselves >> under armour is up three times what nike is up year to date 2.5 times or close to 3 times. a lot of times when you're a stock investor the first story doesn't hurt you, the second story might hurt you a little bit. but investors don't have to pick who's right, who's wrong they're agnostic when they look at the stock price, they want one that goes up more than competitors in the field. when you have the choice of under armour who people battle with valuation but has a three to one outperformance of nike -- >> the smaller company and profile -- >> more domestic leaning, had more of a tailwind when it came to the corporate tax cuts. higher effective tax rate. >> nike is down a little today we'll discuss more on that story coming up. great additional reporting there to get the comment from the company. let's get back to the other big stories we're watching we have more from the stock exchange on the biggest moves. we have the latest on trade and we're covering the auto sales number in chicago. brian s

employee opened fire, killing two store managers and hitting a police officer who was saved by his body armour the deadly rampage happening as the day began. our kristen dahlgren has details. >> reporter: the shots rang out just before 6:30 a.m. >> you hear, pop, pop, pop, pop, pop. >> reporter: shoppers and employees running for their lives at a wal-mart just south of memphis. >> two people. >> oh, my god. >> a shooting at walmart right now. >> reporter: within minutes police shot and injured the suspect, identified as recently fired employee martez abram. but not before store managers anthony brown and brandon galz were killed. >> this ain't no joke. my partner >> these people were doing the same thing you and i do every day. showing up for work in an attempt to provide for their families and then became victims of a senseless violent act >> reporter: one police officer was injured. his vest saving him. along with the fact the town's police force just underwent active shooting training >> it is no doubt that that training that they received two weeks ago saved lives today. >> reporter: tonig

sara, to you >>> under armour has shown progress here is what to watch, margin. big source of improvement as they get inventories in line, lower promotion. wall street expects 46.4 watch out for new product releasements that have driven excitement and watch for international growth which has been a strong story on wall street the stock is up 50% so far this year. >> yes, absolutely >>> that does it for "closing bell". >> have a good weekend everyone "fast money" begins right now. ♪ >>> indeed, it does. "fast money" does start right now. live from the nasdaq market site overlooking new york city's times square, i'm tyler mathisen in tonight for melissa lee traders are dan nathan, steve grass grasso investors gorging on restaurant stocks today, sending brands to new all-time brands. the consumer is healthy and hungry one trader says get ready to pop the pepto, serious indigestion could be on the way. beyond meat serving up another record high. could anything stop this sizzling stock later on, it is game on as the fortnite world cup kicks off $30 million on the line

perhaps then ursula von der leyen will want to keep the body armour close when, in a few months‘ timen a few months‘ time, she‘ll have to navigate the minefield of european politics. thank you very much. gareth barlow, bbc news. well, as one woman takes on a senior position, another announces she‘s moving. christine lagarde is stepping down as the head of the international montary fund, after being nominated to replace mario draghi as head of the european central bank. lagarde will be remembered for playing a major role in the bailouts of greece and argentina. now investors are asking, who will replace her? michaela bergman from the asian infrastructure investment bankjoins me now. lovely to see you. she always pops in when she‘s in london. christine lagarde, eight years at the helm of the imf. she‘s done a heck of a lot, hasn‘t she? the imf. she‘s done a heck of a lot, hasn't she? she's known as the rockstar of international finance. she‘s brought a different perspective to international finance, promoted inclusive growth and the empowerment of women and she‘s put the empowerment of

bombing at southwark police station, hashem abedi was brought to his first court appearance in an armoured his british citizenship and then listened as the names of all 22 people he is accused of murdering were read out. he's also accused of attempting to murder others at the ariana grande concert and of conspiracy to cause an explosion. it was his older brother, salman abedi, who detonated the bomb. the allegation is that hashem abedi helped him to buy the car where the bomb parts were stored, and two chemicals used to make the explosive. it's also suggested he made the detonator tubes. his lawyer said he denies any involvement and was happy to come back to clear his name. he said he'd been held in solitary confinement for two years and had been tortured. bringing him back from war—torn libya has not been easy. it's been a long and difficult negotiation and there was even a hitch yesterday, when the private jet that was to fly him here developed a fault when travelling from malta to tripoli. this morning's hearing lasted just 11 minutes and then he was driven away again. hashem abedi has

to engage with them and we are open and willing to help. 0fficers normally patrol the creggan in armouredpatrols on bikes. that's all a show, it doesn't happen. it attracts attention. but the team say they want to do more face—to—face patrols in future. during the 30—year conflict in northern ireland known as the troubles, derry saw some of the worst of the violence, between the british army, pa ramilitaries and police. today those historical tensions live on. the troubles began here in this city in ‘68, and they've never really gone away. there is some support for that message, then, you think? there is in derry, yeah. there would be. but the most extreme views of violent dissidents are opposed by the vast majority of those who live here. these groups need to know that they are not representing the people of this town when they're putting up posters like that and speaking like that. some community workers who say they cannot appear on camera have told us that behind the scenes there are negotiations taking place with the people responsible for the signs to try to get them removed. but so

themed "salute to america" event in washington, which featured air force fly—pasts and displays of armoured fighters overhead and tanks on the ground, president trump stamps a military mark on america's independence day. that wasn't without criticism. some felt he had hijacked the national holiday, putting himself at the centre of a series of expensive events in washington. aware of the controversy, the white house have promised that in mr trump's speech, he would stick to patriotism rather than politics. this was an event to celebrate service, not a campaign rally. today we come together as one nation with this very special salute to america. we celebrate our history, our people and the heroes who proudly defend ourflag, the brave men and women of the united states military. usa! what the white house couldn't plan for was the weather. there were several heavy downpours but many of mr trump's supporters braved the rain to see him, dressed in red, white and blue. oh, it's just electric. what's better than being around tens of thousands of american—supporting, freedom—loving americans. in the

flown back from libya yesterday, this morning brought to his first court appearance in an armoured policemanchester arena bombing. in the dock he confirmed his name and his british citizenship, and then listened as the names of all 22 people he's accused of murdering were read out. he's also accused of attempted murder and conspiracy to cause an explosion. his older brother salman abedi detonated the bomb. hashem abedi's accused of helping him, of buying the car where bomb parts were stored, purchasing two key chemicals used to make the explosive, and manufacturing the detonator tubes. his lawyer said he denied any involvement and was happy to come back to clear his name. he said he'd been held in solitary confinement for two years and had been tortured. bringing him back from war—torn libya has not been easy. it's been a long and difficult negotiation, and there was even a hitch yesterday when the private jet that was to fly him here developed a fault when travelling from malta to tripoli. the hearing lasted just 11 minutes and then he was driven out again. hashem abedi has now been take

flown back from libya yesterday, this morning brought to his first court appearance in an armoured policet time since the manchester arena bombing. in the dock he confirmed his name and his british citizenship, and then listened as the names of all 22 people he's accused of murdering were read out. he's also accused of attempted murder and conspiracy to cause an explosion. his older brother salman abedi detonated the bomb. hashem abedi's accused of helping him, of buying the car where bomb parts were stored, purchasing two key chemicals used to make the explosive, and manufacturing the detonator tubes. his lawyer said he denied any involvement and was happy to come back to clear his name. he said he'd been held in solitary confinement for two years and had been tortured. the hearing lasted just 11 minutes and then he was driven out again. hashem abedi has now been taken away to prison, where he'll remain until a court appearance at oxford crown court on monday. it's the end of more than two years of difficult negotiations with the government and military groups in war—torn libya, and ther

to engage with them and we are open and willing to help. 0fficers normally patrol the creggan in armoured't happen. it attracts attention. but the team say they want to do more face—to—face patrols in future. during the 30—year conflict in northern ireland known as the troubles, derry saw some of the worst of the violence, between the british army, pa ramilitaries and police. today those historical tensions live on. the troubles began here in this city in ‘68, and they've never really gone away. there is some support for that message, then, you think? there is in derry, yeah. there would be. but the most extreme views of violent dissidents are opposed by the vast majority of those who live here. these groups need to know that they are not representing the people of this town when they're putting up posters like that and speaking like that. some community workers who say they cannot appear on camera have told us that behind the scenes there are negotiations taking place with the people responsible for the signs to try to get them removed. but so far, with little success. and neither the co

officers normally patrol the creggan in armoured land rovers but we accompany them for their first patrolst to do more face—to—face patrols in future. during the 30—year conflict in northern ireland known as the troubles, derry saw some of the worst of the violence, between the british army, pa ramilitaries and police. today those historical tensions live on. the troubles began here in this city in ‘68, and they've never really gone away. there is some support for that message, then, you think? there is in derry, yeah. there would be. but the most extreme views are violent dissidents are opposed by the vast majority of those who live here. these groups need to know that they are not representing the people of this town when they're putting up posters like that and speaking like that. some community workers who say they cannot appear on camera have told us that behind the scenes there are negotiations taking place with the people responsible for the signs to try to get them removed. but so far, with little success. and neither the council, police and other authorities will not intervene. pa

. >> under armour cutting revenue forecast tanking in premarket think a at under armour kristina partsinevelosou are right yes stock is plummeting why you are getting mixed results revenue lower than expected 1.19 billion dollars but the outlook from company, that is worrying a lot of investors the company believers sales in north america will drop, originally thought just flat, sales for past water north america down 3.2% even though internationally they are growing 12% major concern competition in this market, for now under armour has to ramp-up leisure going to focus on women for the quarter they also announced inventories down expect earnings per share next fiscal year year, this between 33 to 34 cents switching gears completely talk about beyond meat, sales draweddrupled this quarter continue to skyrocket we love to talk about it ipoed in may shores down almost 15% stock wobbled moment company announced secondary offering putting out 3.25 million extra shares investors didn't like that boom, down the stock went, then last but not alleviate ending with apple going to hear them after the be

under armour warning about weak sales ahead.sapeake writing the energy wave -- riding the energy wave. pronto and gamble out with strong earnings. what we also have his big action after hours. let's take a look at the big moves we've got. three hits and a miss. apple out with positive news. falling even though they come in line. very disappointed forecast. apple revenue for the fourth quarter. 2.4 percent. that was above the average estimate. it was expected profit would be trimmed as iphone sales slumped. a lot of the services analysts were looking at making up for some of that decline. first quarter gross margins, 38.5%. again, a lot of the numbers gave investors a lot to look at. we will get more into that later in the show. let's take a look at the other moves. amgen next. this again really came in with a very strong -- the maker of the arthritis drug -- sales drop in the second quarter but actually giving a strong forecast. yum china seeing sales accelerate. they have an expansion plan, sales much stronger than expect it. a

shares of under armour down big with class a voting shares down 10% or so on 220,000 shares premarketetter than expected loss but slightly worse than expected sales and did temper expectations for full year's sale growth with more heightened competition with the likes of nike and others that takes us by the way to a quick check on some of the big sheems developing about halfway through earnings season. according to data from fact sep s&p 500 companies with global exposure, those companies that get 50% of their business from overseas are not faring very well on aggregate, those stocks that reported are down about 13.6% in terms of earnings growth declines there for earnings. while companies that get most of their earnings from domestic u.s. sources have seen their earnings grow by roughly 3.2%. so we will see, andrew, if that theme continues. globalized company's getting hit more because of the uncertainty around trade in the first place and the slowing economy. back to you guys. >> dom, great to see you in person and again this morning. >> yes >>> third quarter earnings on apple on th

headlines, under armour fell the sales iner warning of its vital north america region continue to see forecasting a slight decline in north american revenue, although income is expected to rise 4% on stronger than expected international demand. shares fell 20% at one point. david: this company has been this -- new delhi has banned this company selling in the city for a few years after allegations that brewer had been innovating taxes by using duplicate barcodes on its beer bottles. ab inbev denied the allegations and said it will appeal against the banning order. rishaad: second-quarter sales being expectations, i rise in customers due to discounted deliveries, sales rising 5%. pizza hut also topped forecasts. the results are trumped in the company to plant hundreds of new locations as it tackles rising competition in china. burger king and starbucks are also all expanding rapidly. yvonne: coming up, we speak to the credit suisse ceo at 2:00 p.m. hong kong time, some :00 ..m. at london rishaad: and we look at the] recovery story later. that is wednesday at 6:00 p.m. here in hong kong,

under armour on pace for its worst day since 2017. down 12.3% after they put up a mixed quarter, missing sales slightly. that is an ongoing trend going forward, especially for north america, despite the fact that international sales growth will be up. the hospital sales company on the pace for the worst day since 2016. the upside, procter & gamble put up a big quarter, the best sales growth in a decade, and the home builder up 5.5%, beating the highest estimates. no concessions. investors liking that. if we going to the bloomberg, we are in the middle of the summer. another stretch where we are not seeing a move of greater or less than 1%. huge volatility in the fourth quarter, lots of moves earlier this year, but right now day 36 without a move of 1% to the upside or downside. will be in just a whether the fed decision tomorrow will break that streak. david: many thanks to abigail doolittle. he is the man president trump turns to for device on china. michael pillsbury from the hudson institute joins us for his take on the talks in sh

another big earnings mover is under armour. falling 50%, having the worst day in 2.5 years.aylor: still with us is the wells fargo cohead of global fixed income strategy. we have been talking about the inverted yield curve. here is the issue, we are negative two basis points on the three-month 10-year. 2000, -77 basis points. 2006, -60 basis points. does this concern u.s. much? -- concern you as much? global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. we have an affair it has to invert by 25 basis points or more for to be statistically significant happen for a four-week period of time. 1-10-year, any one of those could be significant for us. us, it fosters non-growth behavior. what it tells people is to just stay in cash. that is nongrowth behavior. it leads to that recession. that is something we are concerned about. taylor: talking about on growth behavior, we pitted to die in y inon and -- pivot to gu london and the brexit. what can carney do? george: he is in a challenging situation.

the protests turned violent at times, and video shows riot police in helmets and body armour assaultrs. >>> a close friend of president trump, and his presidential influence over trump's campaign. his transition in the early stages of his administration. investigators have looked in particular at whether barak violated the law in trying to direct foreign policy to disclose their activities to justice department, reportedly interviewed at his request last month and his spokesman said prosecutors quote confirmed they have no further questions for him. he has not been accused of wrong doing according to the times, and his aids said he never worked on behalf of the foreign states or entities. asked about the status for the inquiry, a representative for the u.s. attorneys office in brooklyn declined to comment to the paper. >>> the commerce department reported the u.s. economy slowed down to a 2.1% rate in the second quarter, a sharp decline from 3.1 pace in the first quarter. despite growing trade tensions, consumer spending, responsible for 2/3 of the economy rose 3% from the first quar

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let's go over under armour. we are starting to see shares plummet today, down almost 13%.d results, the big concern with under armour is the outlook going forward in north america. you had them outline that they expected to drop in north america for the next full year. there's a lot of competition wrapping up here with nike, lululemon. that's the reason underarmour says they will focus more on h athleisure. we are expecting 33 to 34 cents a share. there you have it. plummeting primarily due to full year guidance. neil: thank you very, very much. >>> meantime, you know about this fed two-day meeting that kicks off. the president weighed in earlier today. >> i am very disappointed in the fed. i think they acted too quickly by far and i think i've been proven right. people have said i was right. they were wrong. the fed is often wrong. neil: all right. to the former chairman, ceo of american express, harvey golub on what we might expect. very good to see you. the president has been very critical of the federal reserve, says it's robbed us of at least 5,000 extra points on the

. >> i think everyone should get under armour shoes. >> reporter: the gift of shoes and the longer lastingies themselves and the people who make eat, learn, play possible for oakland. >> thank you steph and ayesha. we love you. >> reporter: what's next? the foundation says they are deeply rooted in oakland and plan to focus on the city here for now but do have plans to expand later. in oakland i am dion lim. do you want to take me out? >> abc7 news! >> it is i believe if. disney and marvel studios avengers end game is the top grossing film of all time. disney, the parent company of abc7 reports as of today end game's global gross was 2.79 build. that puts it ahead of avatar. last month end game was rereleased in theaters with about six minutes of new footage which helped to put it over the top. >>> no comicon is complete without cot play. people stepped up their game this weekend in san diego. check out these elaborate costumes. koss players dressed up as their favorite fictional characters. >> it is a good way just to connect everybody together and just appreciate everybody's fandom. it i

makers and big oil on the week specials, everything from procter & gamble, berkshire hathaway, under armour, lot of names that you own. what's filling wall street's minds and bellies? earnings or the fed? to our floor show traders. scott, i will talk to you first. we know traders don't always square with investors but tell us what you will be focusing on here. >> i will be focusing on earnings and the fed. i think at this point everyone pretty much thinks it will have a quarter point cut, not a half so that's kind of baked in. now we have to go company by company. i think apple tomorrow is going to be huge. it will measure the u.s. consumer and then we get to see actually are the chinese consumers not buying apple products because of the sentiment of the u.s./china trade wars. i think tuesday, tomorrow, apple will be very important. i think we get a quarter point from the fed on wednesday. liz: can you imagine, phil, if the fed surprised either with no move which they won't do, it's so expected at this point, or a half point move which i wouldn't necessarily think is coming because we got g

that is one area within apparel that there's been a lot of players like lululemon, nike, under armouradidas continuing to do well you're seeing dress barn, chico's, charming charlie filed for bankruptcy last week the department store chain, a lot of apparel-based retailers are struggling that's one area if consumers are cutting back on spending, that's where they're cutting back >> what's the big focus for you? which part of the retail business >> sure. i think it is and continues to be apparel that's where store closures that we're seeing across the entire retail landscape that's where those are shaking out. so just then, you know, looking at what is moving in to those spaces what's next? what will fill that gap if anything as these companies continue to struggle and go out of business. >> all right lauren thomas, thank you very much >> thank you for having me >>> coming up on the show, much more than a tweak. twitter rolling out a major facelift the features you'll need to know about. >>> and an internet meme about aliens gone too far. are people serious about breaking in to area 51

apple, under armour, mastercard, merck and more on tap today as the fed prepares for what could be thest rate cut in more than a decade. >>> ground up. beyond meat sinking after its second quarter public report -- yeah, they reported earnings people didn't like them. the stock is down. we'll find out why >>> what's in your wallet. how about a massive data beach this is one of the country'sbi

. >> i think everyone should get under armour. >> reporter: the gift of shoes and the longer lastingt the currys themselves and the people who make eat, learn play possible for oakland. what's next? the foundation is deeply rooted in oakland and plan to focus on the city here for now but have plans to expand later. in oakland, dion lim -- you want to take me out? >> abc 7 news. >> nice job, kiddos. happening today in the south bay kids have a new space to explore and express creativity. abc 7th's discovery museum for the dedication of the newly renamed leroy niemann art studio. the late american artist is known for his colorful screen prints of athletes and expressionist paint innings. a $250,000 grant from the niemann made it possible. >> fun to see the pictures of how beautiful the studios look. it's more fun to see the kids actually using them. it's just great. >> the art studio opens to the public today. >>> new at 6:00, dress barn making its closing plans official. when you will no longer see the clothing stores here in california. >>> we stop calling them accidents. we call the

apple and under armour set to report next week let's start with josh lipton on apple. >> mike, appleear, and one big topic front and center for apple investors will be china. remember, last quarter china revenue clocked in at 10.2 billion, a 20% drop, but cook told me at the time he saw signs of improvement, specifically that march was better than the average for the quarter, in part because the company adjusted product prices, benefitted from its trade-in program and because cook saw trade tensions easing. so how did business do in china this quarter morgan stanley's katie huberty says she sees sign china showed improvement in the quarter we will find out sara, to you >>> under armour has shown progress here is what to watch, margin. big source of improvement as they get inventories in line, lower promotion. wall street expects 46.4 watch out for new product releasements that have driven excitement and watch for international growth which has been a strong story on wall street the stock is up 50% so far this year. >> yes, absolutely >>> that does it for "closing bell". >> have a goo

we've had retailers like under armour and gap helping consumer discretionary. the dow, all the big leaders there. home depot, nike, mcdonald's not only up today, but they've been leaders in the last 30 days or so, up 6%, 7%, or 8% overall. finally, no new highs today. one exception. another historic high for coca-cola. back to you. >> thank you very much the nasdaq underperforming the major averages today let's get to bertha coombs for a breakdown. >> hey, wilf biotech sector is the biggest decliner, trading on heavy volume today analysts at piper jaffray noting the biotech funds saw outflows for the tenth week in the last 14 last week sentiment was colored in part when president trump said he's set to issue new executive orders on drug prices in the coming days meantime, apple accounts for about a quarter of the nasdaq 100's decline on a downgrade net app getting cut over at citi to a sell. china related names giving back a lot of last week's games, though chip makers micron and amd are bucking that trend morgan >> bertha, thank you shares of deutsche bank sin