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Jul 18, 2014
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bertha coombs is here with the big day's movers and shakers. >> michelle, we're going to start with general electric. gone are the days when they always beat by a penny. today it's the worst performer in the dow after second-quarter earnings came in right in line with expectations. the company says it expects its credit card unit to raise $3.25 billion in an initial public offering later this year. different story for gilead sciences, moving higher after the price target was raised to $141 a share. gilead, which will be reporting next wednesday, up 5.4% on that news. and two companies making successful debuts today. pet insurer truepanion rising as much as 15% after pricing below the estimate for what it was going to be for its offering. investors betting on the growing demand among pet owners to insure their cats and dogs. then, there is terraform power up 35% after having priced near the top of the range. the company is a spinoff of
bertha coombs is here with the big day's movers and shakers. >> michelle, we're going to start with general electric. gone are the days when they always beat by a penny. today it's the worst performer in the dow after second-quarter earnings came in right in line with expectations. the company says it expects its credit card unit to raise $3.25 billion in an initial public offering later this year. different story for gilead sciences, moving higher after the price target was raised to...
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Jul 25, 2014
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bertha coombs with today's big movers. >> scott, gilead reported $3.5 billion in is a valuedy sales in second quarter. today we see how payers are impacted. two medicaid insurers, big misses due to unexpected high medical care. saw higher than expected costs in a florida medicaid plan due to part to high drug costs. the company says hepatitis c costs, is a valuedy, in the quarter alone amounted to a 30 cent per share impact. up from 5 cents a year ago. the company will be reimbursed eventually by the state. magellan health, missing on the bottom line as well. both contrast with a report up earlier this week but the collateral damage is hitting other companies, hitting them hard today. humana plays in the medicaid area. united last week says it helped control its costs by tightening its approvals for savoldi with
bertha coombs with today's big movers. >> scott, gilead reported $3.5 billion in is a valuedy sales in second quarter. today we see how payers are impacted. two medicaid insurers, big misses due to unexpected high medical care. saw higher than expected costs in a florida medicaid plan due to part to high drug costs. the company says hepatitis c costs, is a valuedy, in the quarter alone amounted to a 30 cent per share impact. up from 5 cents a year ago. the company will be reimbursed...
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Jul 7, 2014
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. >> bertha coombs. >> carl, tim evans at city futures says the market seems to have moved in concerned to complacency when it comes to geopolitical risk. for a time it was all about concerns we would see a takeover of the oil production facilities in iraq. that hasn't come to pass as yet. now we've got oil coming back online in libya. the rebels have given up control of two major points closed for the past year. libya has lifted and we're seeing some of that upward movement, little bit more downward pressure here when it comes to the oil majors but traders still say they don't think it's ready to fall out of bed just yet because these situations are fluid. for now, we're seeing a bit of a pull back. natural gas on the other hand seeing a very big pullback after a run-up over the last couple of weeks, partly, there's not really. of a weather catalyst there. we did see the hurricane arthur
. >> bertha coombs. >> carl, tim evans at city futures says the market seems to have moved in concerned to complacency when it comes to geopolitical risk. for a time it was all about concerns we would see a takeover of the oil production facilities in iraq. that hasn't come to pass as yet. now we've got oil coming back online in libya. the rebels have given up control of two major points closed for the past year. libya has lifted and we're seeing some of that upward movement, little...
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Jul 9, 2014
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bertha coombs has more. >> reporter: the study aimed to cut costs by removing the profit motive to order costly proced e procedures and higher priced drugs. >> we froze the profit margin that a doctor could make on chemo therapy and we thought that would reduce the amount of high cost drugs used. >> reporter: they worked with five cancer centers over three years including northwest georgia oncology giving them a fixed fee for each patient. >> we showed them all the things that were happening in their practices, their use of medications, the hospitalizations, use of diagnostics. >> reporter: they cut costs, but the end result was a surprise. >> even though we lost the battle, so to speak in controlling the drug cost, we won the war in terms of controlling the global cost of care. >> reporter: they estimated drug cost at $7.5 million, the actual cost, $21 million. but they were more than offset but lower medical costs for high priced hospitalizations and radiation. the estimated tab under a normal contract nearly $100 million. under the pilot program, costs were 1/3rd lower with in change
bertha coombs has more. >> reporter: the study aimed to cut costs by removing the profit motive to order costly proced e procedures and higher priced drugs. >> we froze the profit margin that a doctor could make on chemo therapy and we thought that would reduce the amount of high cost drugs used. >> reporter: they worked with five cancer centers over three years including northwest georgia oncology giving them a fixed fee for each patient. >> we showed them all the...
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Jul 25, 2014
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bertha coombs has more on how the high cost is impacting the entire health care industry. >> reporter: scientists hepatitis c drug is a blockbuster, netting the drug maker nearly 6 billion in sales for the first six months on the market but at $84,000, it's causing pain for insurers and government plans like medicaid with millions of americans estimateed to have the virus. >> there is no question that we simply cannot afford to treat the three million, all three million people in this country that have hepatitis c with a drug that costs between 84 and $140,000. >> reporter: well care's shares sank after reporting an unexpected second loss because of higher drug costs at the plant. hepatitis c drugs were a big problem. the insurers will get reimbursed but the big question is how states will pay for what could be upwards of $55 billion for hepc drugs. >> i heard some states are saying they have spent more on sovaled on the first quarter of this year than they did on all liver transplants in the past two years combined. >> reporter: the pharmaceutical industry maintains it not only saves
bertha coombs has more on how the high cost is impacting the entire health care industry. >> reporter: scientists hepatitis c drug is a blockbuster, netting the drug maker nearly 6 billion in sales for the first six months on the market but at $84,000, it's causing pain for insurers and government plans like medicaid with millions of americans estimateed to have the virus. >> there is no question that we simply cannot afford to treat the three million, all three million people in...
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Jul 18, 2014
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bertha coombs has more on the changes at ge. >> reporter: ge is in the mist of a big transition with french energy firm and plans to spin off its credit card unit from a move from the ceo to shrink the financial arm ge capital. >> he is really accelerating the rate of change in the portfolio. with the three transactions going on that will change the composition of revenues by over 15%. >> reporter: ge's oil and gas and aviation drove profits in the second quarter while hospitals bought less equipment. with the awesome deal, 75% of ge's earnings will be driven by its industrial businesses by the end of 2016. a large bet on energy in europe that's expected to add to earnings. >> they see it as a credible possibility for them to have a business model that actually grows faster both on the top line and bottom line than what they were doing five years ago. >> reporter: the company expects to race $3.25 billion from the spin off of the credit card unit in an ipo later this year. for some investors them moving parts create too much of a head wind for the stock near term, especially until th
bertha coombs has more on the changes at ge. >> reporter: ge is in the mist of a big transition with french energy firm and plans to spin off its credit card unit from a move from the ceo to shrink the financial arm ge capital. >> he is really accelerating the rate of change in the portfolio. with the three transactions going on that will change the composition of revenues by over 15%. >> reporter: ge's oil and gas and aviation drove profits in the second quarter while...
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Jul 12, 2014
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bertha coombs, "nightly business report." >>> and to read more about telemedicine and why it's a game changer, log on nbr.com. >>> as the world cup soccer tournament comes to an end, it's time to wrap up the nbr ultimate stock cup. over the past month we put rival global brands and here are the stocks you picked. on tuesday's challenge google beat out alibaba and the other winners looking back are pepsi co over coke, apple, or kill, mcdonalds ge, toyota and nike. >> who do you think? >> nike. >> i understand he's a good soccer player, your son. >> he's pretty good. >> that's it for us, i'm susie gharib. have a great weekend, everyone. >> i'm tyler mathisen, i almost forgot who i was there. i'm so giddy about lebron and going back to her hometown. have a great week, everybody, we'll see you monday, everybody. gwen: the fight between the white house and congress grows bitter. the hostilities between israel and gaza grow deadlier. and a top u.s. spy is kicked out of germany. we explore the chasms and the possibilities for compromise on all three fronts. tonight on "washington week." >> n
bertha coombs, "nightly business report." >>> and to read more about telemedicine and why it's a game changer, log on nbr.com. >>> as the world cup soccer tournament comes to an end, it's time to wrap up the nbr ultimate stock cup. over the past month we put rival global brands and here are the stocks you picked. on tuesday's challenge google beat out alibaba and the other winners looking back are pepsi co over coke, apple, or kill, mcdonalds ge, toyota and nike....
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Jul 11, 2014
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bertha coombs, have a great weekend. >>> hey, today is seven-11 day.ou know what that means, it's free slurpy day all day at 7-eleven. >> walk in during the hours of 11:00 to 7:00 to get yours. if you download the app, you can gets free byes all weekend. i was just thinking about that, 11:00 to 7:00 tonight. a beth that's 11:00 a.m. to 7:00 p.m. tonight. that's what that means. they include big galts eminems, this is begin a few if you download the app from 7-eleven. she will have answers for you. 11:00 a.m. to 7:00 p.m. >> that would make a lot more sense. >> go in between 11:00 and 7:00. and ul you have to do is text free to 711711 to get this other freeby. >> or just download the app. >> okay. >> you can see what's important to us, christina. >>> yeah, let's get right to your forecast this morning. we have some important stuff to talk about, encolluding showers on the radar and some swift changing weather this morning. so, if you're going to be headed to 7-eleven right now you're okay, later on today guys we are going to see better conditions. i can
bertha coombs, have a great weekend. >>> hey, today is seven-11 day.ou know what that means, it's free slurpy day all day at 7-eleven. >> walk in during the hours of 11:00 to 7:00 to get yours. if you download the app, you can gets free byes all weekend. i was just thinking about that, 11:00 to 7:00 tonight. a beth that's 11:00 a.m. to 7:00 p.m. tonight. that's what that means. they include big galts eminems, this is begin a few if you download the app from 7-eleven. she will...
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Jul 30, 2014
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bertha coombs, what can you tell us? >> yum!d flag here, saying that as a result of their problems with osi group, that chinese chicken and meat handler, that they have seen some significant negative impact when it comes to same-store sales in china for both their kfc and pizza hut brands, despite the fact that osi is not a big supplier for them, and they have seen minimal disruption to their menu. nonetheless, the blowback on this from the public has been tough. the company says it's too early to note how quickly sales will rebound, but if it continues, it's going to have a significant sales impact and material effect on full-year earnings. they say they're outraged and reserve the right to take full legal action for this, kelly. back to you. >> here we go again, bertha. they're trading down on the news. >>> should a company like mcdonald's be held responsible for labor violations of its franchises? the national labor relations board says yes. up next, larry kudlow says they've got it dead wrong and that decision could have neg
bertha coombs, what can you tell us? >> yum!d flag here, saying that as a result of their problems with osi group, that chinese chicken and meat handler, that they have seen some significant negative impact when it comes to same-store sales in china for both their kfc and pizza hut brands, despite the fact that osi is not a big supplier for them, and they have seen minimal disruption to their menu. nonetheless, the blowback on this from the public has been tough. the company says it's too...
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Jul 1, 2014
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even though their explosive growth may be slowing, bertha coombs takes a look at the outlook for health care stocks the second half of the year. >> the affordable care act may be shaking up health care. but for investors, health care stocks have been a good ride. the health care exchange traded funds seen double digit gains to all time highs led by bioteches in the first half. but thoz bioteu those biotech g game with volatility. they are taking pause on those stocks. >> biotech experienced a 30% peek to trough drop. that say roller coaster ride that not many investors want to participate in including us. >> biotech gained 19% year to date but mid cap hospital stocks are not far behind. up 16%. health insurers, pharmaceuticals and medical device makers seen double digit gain. all outperforming the overall market. gregory says hospital shuz continue to see strong growth with less volatility. he favors mental health in patient providers like universal health that ch is seeing more demand. >> for behavioralal health, you have a supply and demand imbalance. there is supply to meet 50% of de
even though their explosive growth may be slowing, bertha coombs takes a look at the outlook for health care stocks the second half of the year. >> the affordable care act may be shaking up health care. but for investors, health care stocks have been a good ride. the health care exchange traded funds seen double digit gains to all time highs led by bioteches in the first half. but thoz bioteu those biotech g game with volatility. they are taking pause on those stocks. >> biotech...
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Jul 29, 2014
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another wild day for earnings after the bell here, so bertha coombs joins us to round it up. i've got big reports and they keep coming. we begin, though, with twitter, reporting a 124% jump in quarterly revenue to $312 million, easily beating street expectations. its monthly active users rose 24% to 271 million. the stock, as you can see, surging there after hours, up over 25%. amgen posting a better-than-expected second-quarter profit as well, helped by strong sales of its arthritis drug enbrill, up around $1.25 billion. it also raised its full-year forecast. the company also saying it plans to cut up to 2,900 jobs or 15% of its workforce and close two plants. that stock also getting a boost after hours here by about 3.4%. and american express reporting second-quarter earnings that beat street expectations as well. revenues came in at $8.6 billion. that was in line. the stock is trading higher. well, it's about flat at the moment. the company saying that customers spent 9% more than a year ago. panera posting second-quarter earnings of $1.74 a share, in line with street esti
another wild day for earnings after the bell here, so bertha coombs joins us to round it up. i've got big reports and they keep coming. we begin, though, with twitter, reporting a 124% jump in quarterly revenue to $312 million, easily beating street expectations. its monthly active users rose 24% to 271 million. the stock, as you can see, surging there after hours, up over 25%. amgen posting a better-than-expected second-quarter profit as well, helped by strong sales of its arthritis drug...
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Jul 28, 2014
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. >>> time for earnings squad joining us today bertha coombs and stephanie link. brian will handle trw and i'll take on wynn. 46% of the s&p reported. 69% beat their estimates. 20% of earnings came in below forecast. let's get to bertha. this one reports before the bell tomorrow. >> we're expecting aetna to come in at about $1.59 a share. last quarter they had a huge beat. one thing that everyone focuses on obviously is their obamacare exchange numbers. they didn't report all of them because they hadn't gotten them yet. a lot of people signed up late. commercial numbers are very important for aetna because that's the bulk of their business right now. as we see jobs numbers improve and they get more wins, that's some place where they will have earnings. their government numbers, their acquisition in the medicaid space is something that is supposed to pay off this year and add about 50 cents a share to earnings. watch their medicaid enrollment numbers as well. medicaid enrollment has been strong. >> united did well. it will be utilization trends that are important an
. >>> time for earnings squad joining us today bertha coombs and stephanie link. brian will handle trw and i'll take on wynn. 46% of the s&p reported. 69% beat their estimates. 20% of earnings came in below forecast. let's get to bertha. this one reports before the bell tomorrow. >> we're expecting aetna to come in at about $1.59 a share. last quarter they had a huge beat. one thing that everyone focuses on obviously is their obamacare exchange numbers. they didn't report all...
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Jul 30, 2014
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he is awfully quiet. >> bertha coombs, thank you for that. a big surprise the gdp sending the u.s.lar to a ten month high. we'll tell you the good, the bad, the ugly. that's next. the latest on the whole foods earnings call. much more "fast" straight ahead. . . welcome back to "fast" whole food shares are down, we'll have the latest from that conference call coming up. plus, if you missed out on twitter's 20% pop today with egot another way for you to make money on the stock. first the dollar hitting ten-month highs tooz today, gdp expands, the dollar is stronger, which companies are getting a boost? which is getting beaten down, let's bring if paul hickey. >> glad to be with you. >> the dollar has been on a tear only two down days in the last two weeks. up 2%. so we want to avoid companies that add international exposure. look at the industrials and the consumer staple sectors, both have been breaking down as the dollars rallied. we do for our clients is based on the dollar's trends, recommend stocks based on the ref few exposure. so two stocks that look attractive currently right
he is awfully quiet. >> bertha coombs, thank you for that. a big surprise the gdp sending the u.s.lar to a ten month high. we'll tell you the good, the bad, the ugly. that's next. the latest on the whole foods earnings call. much more "fast" straight ahead. . . welcome back to "fast" whole food shares are down, we'll have the latest from that conference call coming up. plus, if you missed out on twitter's 20% pop today with egot another way for you to make money on the...
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Jul 28, 2014
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let's talk to bertha coombs, find out why things are so strong for these stocks or otherwise, bertha.> it is merger monday, and if you're an activist investor, good monday for you. let's kick it off with family dollar, the stock up more than 20%, about 25% on news that it's being acquired by dollar tree for about $8.5 billion in cash and stock. the deal will unite two of north america's biggest discount retailers, but carl icahn, who's up about 100 million bucks or so, just today thinks there's still a better deal to be had. we'll have to keep watching that. meantime, another big deal with online real estate company zillow announcing it will buy trulia for $3.5 billion stock agreement, sending both stocks higher on the day. and finally, el pollo loco surging in its second day of trade. the mexican restaurant chain more than doubled the stock price opening on friday. and kelly, i think they have one in yonkers. we should take a road trip. >> yep. you just tell me when. thank you, bertha. >> you'll love it. >> so, should you buy or sell twitter ahead of earnings tomorrow? >> we've got d
let's talk to bertha coombs, find out why things are so strong for these stocks or otherwise, bertha.> it is merger monday, and if you're an activist investor, good monday for you. let's kick it off with family dollar, the stock up more than 20%, about 25% on news that it's being acquired by dollar tree for about $8.5 billion in cash and stock. the deal will unite two of north america's biggest discount retailers, but carl icahn, who's up about 100 million bucks or so, just today thinks...
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Jul 31, 2014
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back to you. >> all right, bertha coombs, thank you. does that help at all, b.k.? >> i'm not sure.irst of all, in terms of the market i think it has zero impact on the markets. i think the problem is people will wonder what happens after the 72 hours? a lot of these cease-fire versus lasted a lot longer than that. i wouldn't go trade on this move. big movers on the day, t-mobile off 7%. >> they were doing okay even before there was a bid from the company from ill add. their forecast was raised. so this one is always in play. i think are you okay buying t-mobile. i'd be a little nervous if one deal doesn't come to fruition. if have you the stock, i think it goes higher. >> this stock has not avon participated in the last five years. it was good enough where you can own the stock. it traded down to levels we saw in '98 and '99. it gets a stop for the first time in a long time, this looks like a stock you can own. >> drop on herbalife down, dan. >> missing their first quarter since 2008. the story stinks here, people. listen the day after the result, the stocks flatlined. here it is,
back to you. >> all right, bertha coombs, thank you. does that help at all, b.k.? >> i'm not sure.irst of all, in terms of the market i think it has zero impact on the markets. i think the problem is people will wonder what happens after the 72 hours? a lot of these cease-fire versus lasted a lot longer than that. i wouldn't go trade on this move. big movers on the day, t-mobile off 7%. >> they were doing okay even before there was a bid from the company from ill add. their...
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Jul 29, 2014
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. >>> over to bertha coombs for a quick market flash. >> carl, check out corning. stock moving lower after the company best known for gorilla glass, apple and samsung report admissed second quarter. shadowing better than expected sales, stock trading down nearly 10%. kayla? >> and anything that has to do with ap until close focus, thank you so much, bertha. >>> when we come back, a robot, and a cam kera that texts you during a robbery. we'll show you exactly what they do, up next. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. we do? i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know it only covers a
. >>> over to bertha coombs for a quick market flash. >> carl, check out corning. stock moving lower after the company best known for gorilla glass, apple and samsung report admissed second quarter. shadowing better than expected sales, stock trading down nearly 10%. kayla? >> and anything that has to do with ap until close focus, thank you so much, bertha. >>> when we come back, a robot, and a cam kera that texts you during a robbery. we'll show you exactly what...
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let's get bertha coombs to hit those for us. >> monster beat.ia report 1$1.03 versus 76 cents a slayer. revenues came in at $1.49 billion. the company also is increasing its dividend by 20% to 18 cents. it said that room reservation bookings, gross bookings, increased 29% in the quarter driven by room night and air ticket growth. room night was driven by brand expedia including travelocity, hotels.com. if you have booked something recently online, chances are it is an expedia property. stocks up 4.5% following this report. >> bertha, thank you. a couple of other safe harbors, gopro earnings are due out shortly. >> i think it could help this market but this is deeper and more profound than that. the real question is, what has driven the market today. a lot of that is the central banks. have we gone too far. i mean is the news going to outweigh what the central banks have done, or is it time to pull back and look at things. also, we live in a global world. there are a lot of bad things going on and there is a lot of unrest and there are a lot of p
let's get bertha coombs to hit those for us. >> monster beat.ia report 1$1.03 versus 76 cents a slayer. revenues came in at $1.49 billion. the company also is increasing its dividend by 20% to 18 cents. it said that room reservation bookings, gross bookings, increased 29% in the quarter driven by room night and air ticket growth. room night was driven by brand expedia including travelocity, hotels.com. if you have booked something recently online, chances are it is an expedia property....
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Jul 25, 2014
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bertha coombs, latest there. >>> and steve weiss, to you. >> i still own gilead.s in the playbook. a big upfront cost. longer term costs for somebody taking care of somebody with help c far exceed what the cost of the treatment. 95% cure rate. not one of the things that amortize costs for insurance companies but it's actually very positive for society and most states will reimburse and are covering it right now. so i think you still have to own gilead. $55 billion. fastest growing drug ever. >> pete, jon, first? pete? >> go ahead. >> i look at insurers, selling off, under pressure. look at where they are, coming from, judge, coming off 52-week highs. a lot of these names. i think if there's room to the down side there's a lot more room to the down side. you don't want to jump in on a one-day reaction like we're seeing together. whether cigna, humana any of the names focused on by bertha. wait a few days before you jump in. >> with steve on gilead. i want to mention, the must-own biotechnology stock of the moment. he's dead on about how big this drug could be and o
bertha coombs, latest there. >>> and steve weiss, to you. >> i still own gilead.s in the playbook. a big upfront cost. longer term costs for somebody taking care of somebody with help c far exceed what the cost of the treatment. 95% cure rate. not one of the things that amortize costs for insurance companies but it's actually very positive for society and most states will reimburse and are covering it right now. so i think you still have to own gilead. $55 billion. fastest...
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Jul 30, 2014
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bertha coombs, right? >> yeah. showing relative strength on a day the market is seesawing and flat. rebounding from that decline, worst since march. the dow transport index up 0 .4 percent about near the highs of the day. leading higher, ch robertson world wye, bank of america, merrill lynch, neutral from undertomorrow based on net revenue margins and raised its price target to $68 from $52 a share. see the stock up there better than 3%. also higher today there, united, continental, fedex and kirby as well. scott? >> bertha, thanks. >>> coming up, his company skyrocketed like no ipo ever before on the nasdaq, and then quite a spectacular fall from grace. the ceo of the globe.com joins ow special series, nasdaq 2.0, party like it's 1999, and the najarian brothers gearing up for a food fight. it's yum versus chipotle. pete versus jon. bring your bibs. >>> we'll be right back. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier.
bertha coombs, right? >> yeah. showing relative strength on a day the market is seesawing and flat. rebounding from that decline, worst since march. the dow transport index up 0 .4 percent about near the highs of the day. leading higher, ch robertson world wye, bank of america, merrill lynch, neutral from undertomorrow based on net revenue margins and raised its price target to $68 from $52 a share. see the stock up there better than 3%. also higher today there, united, continental, fedex...
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Jul 9, 2014
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. ♪ >>> all right, let's get down to business with cnbc's bertha coombs. od morning, bertha. >> good morning, betty. we've got citigroup reportedly close to a $7 billion settlement to settle charges it sold bad mortgages in the run-up to the financial crisis. a deal could be announced next week. part of the settlement will likely go towards consumer relief in which citigroup would modify mortgages for some homeowners. >>> the labor department says companies advertise more jobs in may than in any month in the past seven years. that's a sign of stronger hiring, but employers have been slow to fill those jobs, suggesting they're having trouble finding skilled workers. >>> 7-eleven celebrates its 87th birthday on friday and will hand out free slurpees all day long. the convenient store chain is extending the freebee fun into next week. customers can get free cookies and big gulps, but betty, you know, you've got to download the 7-eleven app for that. >> all right, sign me up! i like a free slurpee. thank you, bertha. >>> okay, some other stories that we're foll
. ♪ >>> all right, let's get down to business with cnbc's bertha coombs. od morning, bertha. >> good morning, betty. we've got citigroup reportedly close to a $7 billion settlement to settle charges it sold bad mortgages in the run-up to the financial crisis. a deal could be announced next week. part of the settlement will likely go towards consumer relief in which citigroup would modify mortgages for some homeowners. >>> the labor department says companies advertise...
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Jul 11, 2014
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bertha coombs live at cnbc headquarters with a look at the new lawsuit filed against amazon and early morning trading, good morning, bertha. >> reporter: good morning, scott. yeah, we have the futures pointing to a higher start, looks like the open up about 30 points or so. roller coaster ride on thursday falling sharply at the open, following europe's lead on worries about solvency in portugal. raising fears we might see a repeat of last summer's european debt crisis. dow down 180 points in early trade, but cut the loss by the end of the day closing down 70 points to 16,915. the nasdaq starts today at 4396 after losing 22 points. both are on track for the worst week in three months, but we are coming off of some pretty big highs. the federal trade commission is suing amazon saying the company hasn't done enough to prevent kids from making inept purchases without their parent's permission. most were in virtual games with charges from 99 cents to a whooping $99. amazon says it's going to fight the suit and it has already refunded money to parents who have complained. it's really a dang
bertha coombs live at cnbc headquarters with a look at the new lawsuit filed against amazon and early morning trading, good morning, bertha. >> reporter: good morning, scott. yeah, we have the futures pointing to a higher start, looks like the open up about 30 points or so. roller coaster ride on thursday falling sharply at the open, following europe's lead on worries about solvency in portugal. raising fears we might see a repeat of last summer's european debt crisis. dow down 180 points...
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for that and the rest of the news before the bell, here is bertha coombs. >>> a little quiz for you, how is germany like alcoa? >> they can't wait until tomorrow. >> nope. they both beat by six yesterday. alcoa recording earnings that were six cents better yesterday afternoon. that has the futures pointing to a higher start. the nasdaq suffering its worst day in two months as investors sold off biotechs and internet stocks. we'll get the minutes later on this afternoon from the federal reserve meeting last month, and a lot of folks will watch to see what they say about inflation and for any clues about interest rates rising. the dow falling 117 points to 16,906. the nasdaq losing 60 to 4391. and uber has agreed to cap prices in new york during emergencies and natural disasters. it's part of a deal that the popular ride sharing and car for hire app has struck with the new york attorney general's office. uber's rates rise and fall with demand, but it's been criticized for so-called surge pricing. uber is expected to apply the same price cap for services nationwide. >>> and citigroup is
for that and the rest of the news before the bell, here is bertha coombs. >>> a little quiz for you, how is germany like alcoa? >> they can't wait until tomorrow. >> nope. they both beat by six yesterday. alcoa recording earnings that were six cents better yesterday afternoon. that has the futures pointing to a higher start. the nasdaq suffering its worst day in two months as investors sold off biotechs and internet stocks. we'll get the minutes later on this afternoon from...
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. >> bertha coombs joins us with more. let's start with what the courts did today. >> the issue here is whether we're talking about the letter of the law or the spirit of the law. so the appeals court in the dc district, in the dc circuit said the letter of the law and the affordable care act says that these federal subsidies can only be awarded to people who buy their aca plans on state built exchanges. if you look at a map, that's only about 14 states, the district of colombia, dc, the rest of the map are states like which are on the federal exchange. that's what we're talking about here. you go over next door in virginia and the fourth circuit court of appeal says no, the spirit of the law is what is intendnded. they said it's kin to saying hey, get me a pizza for lunch, you don't care where it comes from, if you get the pizza, that's the important thing. >> how does this get resolve snd does the supreme court become the final arbator of this? >> the obama administration is going to appeal to the full dc circuit because
. >> bertha coombs joins us with more. let's start with what the courts did today. >> the issue here is whether we're talking about the letter of the law or the spirit of the law. so the appeals court in the dc district, in the dc circuit said the letter of the law and the affordable care act says that these federal subsidies can only be awarded to people who buy their aca plans on state built exchanges. if you look at a map, that's only about 14 states, the district of colombia,...
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let's get down to business with cnbc's bertha coombs. >> we've got futures pointing to a higher start after stocks went on a roller coaster ride on friday. following europe's lead on worries of the solvency of big banks at portugal raising concerns about last year's european debt crisis. the dow down as much as 180 points but recovered to close down 70. volkswagen is telling dealers to stop selling some 2015 gti models. it could make it hard for drivers to control the cars. the issue affects 2,500 vehicles. vw says some may already be on the road. you've got to be careful with all of these recalls. >> oh, yeah. absolutely. thank you, bertha. >>> a doctor calls this one a punch in the gut. the child thought to be cured of hiv through early and aggressive treatment last year has showed signs of infection. researchers say it may have done damage. >>> two take aways from this next video, lamborghinis accelerate really fast. and it is a shame to watch one crash. in india, valet of a five-star hotels but the car zooms ahead and slams into a concrete divider. reports say the driver wasn't hu
let's get down to business with cnbc's bertha coombs. >> we've got futures pointing to a higher start after stocks went on a roller coaster ride on friday. following europe's lead on worries of the solvency of big banks at portugal raising concerns about last year's european debt crisis. the dow down as much as 180 points but recovered to close down 70. volkswagen is telling dealers to stop selling some 2015 gti models. it could make it hard for drivers to control the cars. the issue...
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. >> reporter: bertha coombs, "nightly business report." >> actually sounds pretty cool. that will do it. sign me up. that will do it for "nightly business report." thanks for watching, i'm tj yle mathisen. >> i'm susie gharib. have a great everything and tyler and i will see you back here tomorrow. n and tyler and i will see you back here tomorrow. in and tyler and i will see you back here tomorrow. g and tyler and i will see you back here tomorrow. happy was made possible in part by... and by the following. and others. a complete list is available from pbs. explore new worlds and new ideas through programs like this. made available for everyone through contributions to your pbs station from viewers like you. [upbeat music plays]
. >> reporter: bertha coombs, "nightly business report." >> actually sounds pretty cool. that will do it. sign me up. that will do it for "nightly business report." thanks for watching, i'm tj yle mathisen. >> i'm susie gharib. have a great everything and tyler and i will see you back here tomorrow. n and tyler and i will see you back here tomorrow. in and tyler and i will see you back here tomorrow. g and tyler and i will see you back here tomorrow. happy...
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. >>> let's get down to business with bertha coombs. >> good morning, richard.iti group is reportedly close to a $7 billion settlement to settle charges it sold bad mortgages in the run up to the financial crisis. the deal could be announced next week. part of the settlement will likely go towards consumer relief which citigroup would modify mortgages for some homeowners. the labor department says companies advertised more job in may than any month in the past seven years. that's a sign of stronger hiring, but employers have been slow to fill those jobs. suggesting they're having trouble finding skilled workers. 7-eleven celebrates its 87th birthday on friday and will hand out free slurpees all day long. the convenience store chain is extending the freebie fund into next week, but richard, customers can get free cookies and big gulpps only if they download 7-eleven's app. back to you. >> all you had to say was free cookies. >>> just ahead, donald sterling gets downright surly, that and the rest of your sports highlights next. if you can't imagine quitting turkey
. >>> let's get down to business with bertha coombs. >> good morning, richard.iti group is reportedly close to a $7 billion settlement to settle charges it sold bad mortgages in the run up to the financial crisis. the deal could be announced next week. part of the settlement will likely go towards consumer relief which citigroup would modify mortgages for some homeowners. the labor department says companies advertised more job in may than any month in the past seven years. that's...
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. >> reporter: bertha coombs, "nightly business report." >> actually sounds pretty cool. that will do it. sign me up. that will do it for "nightly business report." thanks for watching, i'm tj yle mathisen. >> i'm susie gharib. have a great everything and tyler and i will see you back here tomorrow. n and tyler and i will see you back here tomorrow. in and tyler and i will see you back here tomorrow. g and tyler and i will see you back here tomorrow. explore new worlds and new ideas through programs like this. made available for everyone through contributions to your pbs station from viewers like you. >>hi, my name is peter marshall and we are here to take a sentimental journey. a journey back to the '30s, '40s and '50s. you see it was called the big band era. we are at the beautiful avalon casino ballroom on the catalina island off the coast of los angeles. it was host to all the big band greats from a to z. now, the announcer might say, "from the beautiful casino ballroom overlooking avalon bay at catalina island, we bring you the music of - " just about everyone. >next
. >> reporter: bertha coombs, "nightly business report." >> actually sounds pretty cool. that will do it. sign me up. that will do it for "nightly business report." thanks for watching, i'm tj yle mathisen. >> i'm susie gharib. have a great everything and tyler and i will see you back here tomorrow. n and tyler and i will see you back here tomorrow. in and tyler and i will see you back here tomorrow. g and tyler and i will see you back here tomorrow....
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. >> reporter: bertha coombs, "nightly business report." >> actually sounds pretty cool. that will do it. sign me up. that will do it for "nightly business report." thanks for watching, i'm tj yle mathisen. >> i'm susie gharib. have a great everything and tyler and i will see you back here tomorrow. n and tyler and i will see you back here tomorrow. in and tyler and i will see you back here tomorrow. g and tyler and i will see you back here tomorrow. >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years, kovler foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you work in.
. >> reporter: bertha coombs, "nightly business report." >> actually sounds pretty cool. that will do it. sign me up. that will do it for "nightly business report." thanks for watching, i'm tj yle mathisen. >> i'm susie gharib. have a great everything and tyler and i will see you back here tomorrow. n and tyler and i will see you back here tomorrow. in and tyler and i will see you back here tomorrow. g and tyler and i will see you back here tomorrow....
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bertha coombs will be previewing the earnings flood heading our way towards monday, and chances are yout least some of these names. >> absolutely. >>> plus, the justice department charging fedex with knowingly delivering drugs from illegal pharmacies. will a giant corporation really be convicted of drug trafficking? and how good is the government's case? both sides of that issue still to come on the "closing bell." at every ford dealership, you'll find the works! it's a complete checkup of the services your vehicle needs. so prepare your car for any road trip by taking it to an expert ford technician. because no matter your destination good maintenance helps you save at the pump. get our multi-point inspection with a synthetic blend oil change, tire rotation, brake inspection and more for $29.95 or less. get a complete vehicle checkup only at your ford dealer. in a we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep
bertha coombs will be previewing the earnings flood heading our way towards monday, and chances are yout least some of these names. >> absolutely. >>> plus, the justice department charging fedex with knowingly delivering drugs from illegal pharmacies. will a giant corporation really be convicted of drug trafficking? and how good is the government's case? both sides of that issue still to come on the "closing bell." at every ford dealership, you'll find the works! it's a...
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but first, bertha coombs has the market wrap. >> dow up almost 63 points, the s&p hitting a new recordosing up 10 points while the nasdaq gained 31. this afternoon chrysler issuing a recall of some 800,000 jeep models both in the u.s. and canada. the brand cherokee and also the jeep commander model years between 2005 and 2007. they say they will be contacting those car owners, it has to do with an ignition switch problem that could make it difficult to steer. that's the situation here at cnbc, we're first in business worldwide. carpenters and even piano tuners were just as simple? thanks to angie's list, now it is. start shopping online from a list of top-rated providers. visit angieslist.com today. hey there, i just got my bill, and i see that it includes my fico® credit score. yup, you get it free each month to help you avoid surprises with your credit. good. i hate surprises. surprise! at discover, we treat you like you'd treat you. get the it card and see your fico® credit score. >>> as republicans fiddle in the midst of a humanitarian crisis, others are looking for a long-term fix
but first, bertha coombs has the market wrap. >> dow up almost 63 points, the s&p hitting a new recordosing up 10 points while the nasdaq gained 31. this afternoon chrysler issuing a recall of some 800,000 jeep models both in the u.s. and canada. the brand cherokee and also the jeep commander model years between 2005 and 2007. they say they will be contacting those car owners, it has to do with an ignition switch problem that could make it difficult to steer. that's the situation here...
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meanwhile, let's go to bertha coombs for a market flash. >> the stock spiking after cass blanca capital announced that all six of the nominees have been elected to the cliffs board of directors. >> thanks so much, bertha. >>> treasuries have been flat in light of all of this news. that's on the backdrop of the five-year note. rick santelli, what is the auction doing right now? >> $35 billion of five-year notes just hit the streets. the grade on this auction demand wiz is strait up. a-minus. very solid auction. the yield 1.72. the offer side of the one issued market was 172 1/2, the low yield in the one issued market was 169 1/2, so this was super sold, 2.81 bill to covered trumps the 2.72 ten auction average. better than average on indirects at 48.2. 25.9 on directs, best since december of 2012, which means the dealers -- what did they end up with? dealers took a significantly less chunk of the auction based on the directs. don't have the final figures, but a-minus. back to you. >> thank you very much, rick. another big story this hour ahead of the fed meeting results, the cnbc fed surv
meanwhile, let's go to bertha coombs for a market flash. >> the stock spiking after cass blanca capital announced that all six of the nominees have been elected to the cliffs board of directors. >> thanks so much, bertha. >>> treasuries have been flat in light of all of this news. that's on the backdrop of the five-year note. rick santelli, what is the auction doing right now? >> $35 billion of five-year notes just hit the streets. the grade on this auction demand wiz...
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bertha coombs. the search for value, a look at bargain hunting in a record setting market., meet the co-founder of a company you might consider to be a netflix for legos. we'll be right back. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ my mom works at ge. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business. ♪ >> stocks may be near record highs, which makes it increasingly harder to find bargains out there. dominic chu has been hunting for sales. what have you found. >> walk this way for these ba
bertha coombs. the search for value, a look at bargain hunting in a record setting market., meet the co-founder of a company you might consider to be a netflix for legos. we'll be right back. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ my mom works at ge. really... so our business can be on...