one reason we are betting more is advertising. there used to be strict restrictions on betting ads.changed just over a decade ago. now we're targeted all day long. the ads have helped attract new punters to new forms of gambling. gambling is much more prolific today than it was say 15, 20 years ago, and mainly that's due to the development of online gambling, and the technology that underpins online gambling because that has then produced new forms of betting that we just didn't have previously. the uk now has the largest online gambling market in the world. these games attract people who would never set foot in a bookies. amanda is 61 and doesn't want to be identified. in just a few years, she lost everything to an online gambling company — jackpotjoy. i think in the early days i probably would spend up to, um — don't know, between five and 10,000. maybe a week, sometimes it was a night five and 10,000 a night? mmm. i was in a complete sort of lost bubble world, as i say it was, to me it wasjust an escapism and i would just sit online and i would just be pressing the button on my c

people are queueing up to place bets.ty for a few people who don't know when to stop. problem gamblers are often joined by vip managers inside prestigious sporting events like this. it's the vip manager's job to keep them betting. one industry insider agreed to speak to us anonymously about how it works. the criteria is who's gonna lose money. and the more they meet the problem gambler type, the more money they're going to lose, so they're the guys we want. a vip manager's job is to milk the customers. it might seem like a friendship but it isn't. mug punters we called them, or idiots. that's exactly how 61—year—old amanda was treated by her vip managers. when she lost a lot of money onjackpotjoy, they would offer her free cash bonuses. and then she'd start gambling again. if i hadn't gone online for a day, they were very quickly on the phone or sending me an email. i'd always get a bonus. they never questioned whether i could actually afford to, spend 50 grand a night. all they did was sort of pat me on the back, and giv

you can make those bets. here's another one. melania trump's bets. 8-1.f. to marry for furth time as president is 50-1. and melania trump to run for president against trump in 2020 is 200-1. other bets. trump convicted by the senate in his first material. 16-1. trump impeached by the house in his first material. 3-1. trump opens area 51 to the public in first material. 2-1. france will ask for the statue of liberty back. 200-1. and finally, trump narcissism specials betting odds. trump to have a u.s. navy ship named after him. 7-1. to have a u.s. military base named after him. 12-1. trump to publish precise dimensions of his hands on twitter. 50-1. okay. the interesting thing is going back to the betting odds. that right now, odds still have trump as 50/50 in vegas. >> there's the power of incumbency. i would say to go back to the silly ones, do they have bachelor trump in the white house. that work remarkable theater. we think we're in a remarkable theater now? imagine that. >> you say that in jest. we all know that trump is into producing a reality show

sports betting, and specifically betting on football, was a big factor. in the pub with his mates. by september last year, and atjust 22 years old, he'd already gambled away nearly £30,000. i started placing small bets on the football. and then it sort of got more and more out of hand. so i started placing larger stakes and then, obviously, i started losing a lot more than what i was intending to. you can't go to the pub on a saturday afternoon without having the football on the tv and then, obviously, there's adverts that come on and you sort of get the urge to have a bet on the football. and i couldn't watch a game of football without having a bet on it. i think with all men, you just want to live the high life. you just want to be able to do whatever you want to do. so i think, with gambling, it's a way in your mindset of making money, but i think, in reality, itjust takes you down. think fast. act faster in play. for example, it's estimated that british men will watch an average of about 20,000 hours of televised sport throughout their lifetime with f

you can make multiple bets on each spin.n how quickly the spins go through. if they're all losses, and those spins take one second, one and a half seconds, it's only a matter of seconds and you can lose hundreds of pounds. the industry certainly seems to have a lot of unhappy customers. figures obtained by panorama show there were 8,266 complaints last year, compared tojust 169 in 2013. that's a rise of almost 5,000%. the gambling commission says it's a complicated picture. we're pushing the industry to know its customers, and part of this is actually possibly a good sign because it's suggesting that consumers are demanding more of the gambling operators. and i'd encourage them to continue to do that. the major betting companies have already agreed to increase safer gambling messages, and to review the tone of their promotional material. they've also promised to provide £60 million a year to help problem gamblers. bronagh munro, bbc news. and you can watch bbc panorama: addicted to gambling tonight at 8.30pm on bbc one and o

we could see a resolution in 2020 >> john what do we bet on?is soaring, bitcoin has done well. u.s. treasury bopnds, 15 trillin globally stock market is nice, but right now maybe is cash king >> you said it earlier the fear is driving the money into the dollar and into the bond market. that fear has a lot of causes right now. all the way from the russian riots to the hong kong riots to the venezuelan riots, many others many stories out there they will not likely go away all of that made securities overpriced when bonds get overpriced, stocks get overpriced. private equity gets overpriced you end up with things later on you look back and say that was a bubble a bubble happens when prices get too high and then all at once people somehow lose confidence the he lehman moment was the loss of confidence in 2008 >> sorry to interrupt, but do you think we're in a bubble right now? the number of shares in the stoechl contin stock market continues to shrink do you believe there is or are bubbles out there? >> absolutely. prices are crazy right now when i

other bets. trump convicted by the senate in his first term, 16 to 1. first term, 3 to 1. trump opens area 51 to the public in his first term, 2 to 1. france will ask for the statue of liberty back, 2 to 1, you can maybe that bet. finally, trump to have a u.s. navy ship named after him, 7 to 1. trump to have a u.s. military base named after him, 12 to 1. trump to publish precise definitions of his hands on twitter and trump to commission his face on mt. rushmore 100 to 1. i guess the interesting thing is going back to the betting odds, the first one, the presidential, jonathan, right now odds still have trump as 50/50 in vegas. there is is the power of incumbency, inherently that's a good bet to them. we certainly don't wish for the dissolution of any marriage. the idea of bachelor trump in the white house, that would be remarkable theater. we think we're in a reality show now? imagine what that would be like. >> you say that in jest, that trump is producing a reality show. that's a show people would -- even as we watch the -- go down the -- you know, p

the betting business is booming and its punters who are paying the price.g companies has almost doubled in the decade. last year, it was £145 doubled in the decade. last year, it was £14.5 billion. doubled in the decade. last year, it was £145 billion. the biggest rise has been in on line gambling. amanda was in her 50s when she started gambling ona was in her 50s when she started gambling on a site called jackpot joy- gambling on a site called jackpot joy. she doesn't want to be identified but she she lost £633,000 before being made bankrupt. labour it was terrific. what i've done to myself, really. every day that i'd worked for, everything that my children were, looked up to me. now i've blown their inheritance, as such. jackpot joy said it had frequent contact with amanda and encouraged her to use responsible gambling tools but figures obtained by panorama suggest the industry has a lot of unhappy customers. they show there were eight thousand 266 complaints last year compared to just 169 in 2013. the gambling commission says it's a complicated picture.

if you are inclined to make a bullish bet, this is the way to do it. the thing is i'm not inclined to make a bullish bet on microsoft or anything else. >> no, and i think you guys make a good point i mean i think regular viewers of the program know i'm not particularly constructive about the setup of the market, but i feel if we were to get good news and the s&p is above 3,000, this stock is definitely above 140. probably close to my break-even on the trade, and mike makes a great point in june when really the trade worries were at the heightened period of this whole year, this stock was $120. so $138 right now. so when you think about it, it has come a long way here, but another 10% in six weeks if we have incrementally better news, macro wise it will not be that hard in my opinion because the same reason why it is so crowded, there's no reason that should not continue but the point about a source of funds is a very important one. it is the only market cap with over a trillion dollars on the entire planet right now publicly traded and there's a lot of

. >> boy, i bet those first responders really >> i bet those first responders really appreciated that. what did they say to you? >> they said thank you and they said god bless you. >> rose, what is it like to watch your son take this challenge on? >> it just warms my heart. i keep telling him, son, i can't even express to you in words how proud i am of you. i just have to support him. it's been great seeing the response that we have received and he has received from the community and even people out of town. some large corporations have also been in touch with him. he'll be working with some of them in the near future as well. >> so did i hear him right? you said you were on your way to walmart when you heard about the attack? >> well, that morning we had -- we were going to go to walmart to get his school supplies. but a family member was having a benefit 5k run for a scholarship fund that she has. so we had said we were going to walmart right after the 5k. obviously, you know, when we were headed home from the 5k is when everything had just happened. and we witnessed a lot of first

>> you bet amazon has had a lot of air let out of it.hink of microsoft, barely down, or visa, or any of these high-flying supercap indio sin democratic growth names. amazon really did get pounded, down 11% s&p, nasdaq, semis and then amazon not to say that it has to be related to any of these. the point is that it was the center of selling. this is the peak-to-trough decline over the last six to eight sessions, depending on where you start your meter but at this point, i think you have bounce potential, not just because it's down 11%, but because the chart level would suggest that so, here is your low in december here is your june low and here is the sell-off. well, they happen to be -- not randomly -- right off of the line i mean, you know, you kind of can't make this stuff up so, the point is, is that, does it have to go on making new highs? no, but do you press it short here or do you play for some sort of bounce so again, my thinking is that you pay for some sort of bounce. let's just draw the green arrows in one, two, three. now, do

a bet that the future rises above 30 is a bet that something pretty wild is going on in the marketplacees pete, you were mentioning some of the action today. >> yes, today and recent days where we have seen volatility of people coming in and we talked about the january calls as well that were being bought in the 30s. so when people see this thing moving the way it is, and it is up 25% today, 26% today, i think there's a little bit of fever that goes on that says, you know what, maybe we're not done yet, maybe there's more to come maybe a blow off top for that matter. >> in the vix. >> yes. >> but, again, what was troubling to me today is to see the vix around 20, low 21 handle, in an environment where we really have so much systemic risk on the table. the one thing also about in terms of the bond market moves, ctx -- i don't want to get too deep into this weird rabbit hole, but highly levered players are playing -- typically they play the bond market and they play the bond market for it moves a couple of basis points and lever it up. the duration risk going on out there has been extraor

you can use the same technology in a betting contest and we have a module we created for sports bettingallow you to monitor the behaviors of the people betting in your platform. >> when you've your about these come you go back a decade or a couple decades. you would not have thought the nasdaq would get into this but it is a different environment. did that become more of your business, those kind of new versus core marketing, not or marketing but trading? our trading revenue was 25%. streams arerevenue 75%. that can come from data analytics. it can also come from market technology. our technology business, we can provide that technology to other business week. we provide technology to markets in very different spaces, not just markets. it is the process part of our business. how much money is out there to start up companies that safe private so much longer? what are you seeing as a result of that? adena: i agree there is private money out there and companies have a lot of choice. they can choose to stay private longer. they have more investments than ever before in a private space. we h

you bet. —— letting the trade war with china? you bet. -- be escalating. also said to have charged at demonstrators with batons outside a police station. despite authorities closing four subway stations around kwun tong, thousands of people have gathered there, calling for democratic change. a worker at britain's consulate in hong kong — who was detained by the chinese authorities — has been released. simon cheng went missing on the 8th of august while on his way back to hong kong from mainland china. police there say he confessed to carrying out illegal activity but did not say what he had been accused of. medical leaders have called for an urgent meeting with the government to discuss continued shortages of hormone replacement therapy. hundreds of thousands of women going through the menopause in the uk, are struggling to access hrt tablets, patches or gels. many have suffered side effects because they can't obtain hrt products at pharmacies. our health editor hugh pym reports. thanks to hrt, karen, who lives in somerset, felt able to cope with the sympt

they bet revenue margins, were fine it is the guide.tim just said, the third quarter guide scared a lot of people they reiterated full year at third quarter, they said it will be slow. that's concerning at this valuation which is why it is down 5% or so. it has to get through the 81 level, which is where it has been trading for the last seemingly three months think you got to buy it on a breakout or look for the trade back -- >> but if i made, you like that trade? >> i like it a lot this is one of the best performing stocks over the past three years. it peaked with the global equity market in january of '18 and it has been treading water since. this setback looks to be minor buy it here and take advantage. >> dorsey, square, twitter, has been crushing it lately, too >> dorsey is mvp right now. >> can he really run both, res those conversations? not that long ago. >> let's turn our attention to pintrest on the move since reporting results and that conference call under way as well julia boorstin has the highlights for us. >> reporter: pi

that's exactly what mike did with his bullish bet on twitter.itter was about to take flight but buying 100 shares of flight would set him back 4 grand >> get in, we're going shopping. >> whoa, whoa, whoa, hey, mike, i thought the show was all about risking less and making more >> it is, tyler. let me show you how it's done. to spend less, i bought the september 38 strike call for $2.55. now in order to make money i need shares of twitter to rise above that strike by more than the cost of the trade. or in this case, about 40.55 by september expiration but shelling out 2.55 just to bet on twitter is still a little pricey so to cut costs, i then sold the september 43 strike call for 90 cents. reducing the cost of my trade to just $1.65 now to see profits, i need twitter to rise above the 38 strike that i bought by more than the reduced cost of the trade, or above 39.65 by september operation. >> that is so fetch. >> maybe so. but i have another trick up my sleeve and to cut costs even more i sold the september 33 strike put for a dollar and created

gets mad states 3 and 3 is the magic number of this guy behind me a team of betting school 3 goes on friday nights as leipzig took all 3 points hope things up but top of the table if only for the day can their rivals respond. when betting on saturday instead sets and reclaiming top spots bundesliga newcomers when you won't spin that stood in their way and looking to cause a major upset. i mean it combines new. superstar signing 50 quid shino made his 1st stop at the club against the sidelines the perfect opportunity for the brazilian dynamo to kick binds motor into top gear at. last and plenty more to come in this edition of the. mechanic line let's get started right here. and we're up against you on these sides have met twice previously albeit in the german cup and even the dogon prevailed and moved into the next round on both occasions the matches were either decided in extra time or penalties if goldman's goal is to end the season as champions they are going to have to win games like this and do it in 90 minutes. a party atmosphere in new neon berlin sold out stadium the newly pro

be less than it would be if you were either buying the stock or outright option. >> in a way it is a betn does the market have a bit of a bounce on monday, tuesday. >> sure. >> if you are betting on something bouncing -- >> that helps. >> -- it is at good a candidate as any if indeed there's going to be money going into the market for a trade, this is as good a vehicle as any, only because it has gone down more and it is a big, popular name. >> more "options action" still ahead. here is what else is coming up on the show. >>> it has been a magical year for disney, and mike says there's a whole new world waiting for the stock out of earnings next week he'll tell you why the magic carpet ride isn't over just yet. >>> plus, calling all "options action" fans reach into your pocket, grab your phone and tweet us your question at "options action" a aweit nice, we'llnsr onir when "options action" onir when "options action" returns. ♪♪ ♪♪ i'm not really a, i thought wall street guy.ns. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you wit

don't bet on the ones that just ran we don't chase on "mad money." >>> horatio in california.io. >> caller: i'm a first-time caller why did they not jump in price when broad come would be buying. >> that's a good question. symantec is going to have the b to c we call it, business to consumer business. i don't think people realize how good that business is. i would buy symantec, it's run by rick hill rick hill is money >>> get your head out of the darn cloud, but make sure you know what you're buying if you buy any stocks much more "mad money." now that the dust has settled, time to go back to high growth stocks i'm talking to the c.e.o. of i'm talking to the c.e.o. of talon to through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing businesse from managing inventory... edge-to-edge intelligence to detecting and preventing threats... to scaling up your production. in the human brain, billions of nefor people with parkinson's, some neurons change their tune, causing uncontrollable tremors. now, abbott technology can target those

any more tricky a new thread is descending upon one of the world's favorite groups kaufman author of bet the farm peels past the headlines and takes a look at why banana farmers are going crazy with anxiety. then until the g.'s because another awesome show is about to take off let's go. u.s. president donald trump claimed monday that chinese trade officials called twice over the weekend during the g. 7 summit to resume trade negotiations mr trump made the statement during the event and berets france germany this treaty. and get back to the table so we'll be getting back to you want to do something. very very dandy but this is the right thing to do and i care a great respect and respect for this is a very positive development for the world. the u.s. president made plenty of headlines regarding trade during the c.g. 7 whether intentional or not including 1st prospective bilateral deals with japan and the european union as well as of the ongoing trade war with china our producer brant warr has a story. very very close to the people's. business they would be able to give you this very import

tom, to you first. >> regarding the last segment on sports betting, there's a lot of betting going onle weeks that deals on betting on the political market. keep an eye out for that. dagen: awesome. i was showing somebody in my hometown the realclear average of polls and how to read into them. jackie? >> slowly watching the futures turn around. we started out negative, we are up 90 now. hopefully the markets are digesting the news from yesterday, still optimistic and there won't be a wrench in the optimism. >> we have been talking about china all morning. the markets want a resolution and a fast resolution. we are talking about fundamentally changing the way the world's two largest economies interact. it just doesn't make for a quick resolution. we got to be prepared to sit this one out for awhile. dagen: john, good to see you. jackie, tom, thank you one and all. it is always such a pleasure. we've got to talk about hard seltzer as well. "varney & company" is up right now. mr. varney, stuart varney, take it away. stuart: good morning, dagen. good morning, everyone. johnson & johnson h

text messages indicated bets knew megan was in that spot. police can't say whether he knowingly fired at her. >> there's a real question could he see who that was on the other side. some say not. some say it had to be. >> police say in addition to the 9 victims killed 17 others were hurt by gunfire 3 more than they initially said. meantime a friend of the gunman is due in court later today. >>> barbara lee is rallying against gun violence and white supremacy. the event called a night of healing was at frank ogala plaza. on the midst of the recent mass shootings. those who attended say that the violence has to stop. >> what if that was me. what if that was my mom getting shot. even if i'm not related to nobody i'm still devastated by it. because those are lives. >> representative lee called on the trump administration to take action. >>> through our grief and our fear we are strengthened to take on the challenges of gun violence and racism in a new way and with a renewed spirit that says to donald trump and his administration that enough is e

in 15 minutes i bet he would work it out very quickly. know it is not the kind of thing he does, but i think it wouldn't be a bad idea i really believe if he sat down. they have a certain little leadership pool. if he sat down with the leadership pool, i bet he would work things out really quickly it seems things could be worked out easily. >> did you say anything to congressman netanyahu about the congress women >> i think my social media statement pretty well speaks for itself i feel that they are so anti-israel, so anti-jewish, again, if other people made that statement there would have been hell to pay. but i did speak to people over there, yeah. >> reporter: sir china said that they want to retaliate, that they're going to retaliate because of the tariffs increase you announced what is your response to that? >> well, if they did retaliate, which i don't think they will do because we're talking to them and they're offering things that are very good, i don't think they'll retaliate. but if they did, we have the ultimate form of retalia

uber‘s ceo is betting that future growth will come notjust from is betting that future growth will cometure growth will come notjust from ride services, but from other businesses like food delivery. all wall street, these numbers so this is still a company stuck in traffic. michelle fleury there in new york. now, but the second time this week, china's currency has made the news. on thursday china's central bank set the value of the yuan below seven per us dollar, effectively weaken the chinese currency and it comes just a few days after following the yuan going below that g7 level during trading —— weakening, the first time in more than a decade. does this signal a new front in the country's trade war with united states ? country's trade war with united states? and however active with be? i put that to the analyst at hs market. i think it has created a significant escalation in the us— trade war with the us becoming extremely concerned about the fall of the yuan against the us dollar, and although it broke through seven and although it broke through seven and that triggered the us to de

if you are betting on a short-term rally on monday, mike khouw has this at the plasma. >> one of the people might buy a dip is obviously rebalancing your portfolio if you have a mixture of fixed income and equities, if we see one go up and the equities portions go down, you might look to rebalance that might be one of the reasons people might be looking to buy a dip. generally we are long equities i have never seen a prolonged bear market where everybody in the business was doing well. generally we are long equities generally the economy is growing. one final point, even if the news we have had, bad as it has been, turns worse, it is not uncommon for us also to see bear market rallies we are considering considerable volatility and relative to the volatility we are seeing we are not actually seeing options premiums as high as they might otherwise be to give you some perspective, we have averaged just under 1.5 pearls intraday move since the beginning of the month, the vix sitting around 20, should be 50% higher than that when you are seeing moves of that magnitude trying to take advan

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i agree with tim and bk i think twitter is your bet. >>> for more on the big money social spend aheadelection, head over to our website, cnbc.com. here is what else is coming up on the show. i'm melissa lee. >>> call it a royal rally. the king dollar just got a big boost from the queen we'll explain. >>> and later, guy is stepping up to the plate to pitch his next big idea. why he thinks one big bank could be a home run investment all of that is on deck wn asmoy"etnshe ♪ >>> welcome back to "fast money" we have an earnings whip on some after hours movers williams-sonoma and box, both on the move after reporting we have full team coverage contessa brewer standing by we start off with josh lipton in san francisco. josh. >> reporter: so, i talked to analysts that cover box and one point of concern that they have is the company's growth rate today they say 130% and now roughly half that. i asked them about the needs and he said to grow faster they're advancing product portfolios, trying to deliver more solutions for customers, pointed out their simplifying their go-to-market strategy. i w

trimeter bet. the investor is getting impatient he's come over to see for himself. but. sometimes competitors making progress you start to get nervous. but then you come back here and see how it's working out and it gives you confidence again. after months of tests that takes off steered by the cables and stabilized by the computer now they have to program the computer to carry out all the flight maneuvers alone. the next step is the most critical the software has to be very precise little mistakes get punished in a big way but we've been practicing for so long it's become routine by the end of the month we'll be able to get the kite flying really high and. the cards are still flying just a few metres away from the telescopic arm but once the computer learns to guide the properly it should start flying higher and generating electricity far above the wind turbines. the people of britain took a risk with bricks it businesses spooked by the uncertainty some companies are moving jobs to the continent but there are also those who are betting that investment in britain now can

>> i would not bet money on it.or the same and we thought this was impossible and would never happened. don't want to go to elections because they are polling so bad. strong of a is how coalition will it be? it is a very difficult decision they have to make and there is a planned hike for 2020. it is always very bad, so they have to find a way to get funding to avoid the hike from being implement it. -- implemented. you.ank for more on the political risks, we are joined by alex harris. talk to us about the market .eaction in italy to this news >> at the same time, very skeptical. a bt yieldought was sinw 1% and it is like germany some roses. relative to the rest of the world, italy benefits from being a member of the eu because everybody is riding on become tells of germany and it's very generous funding. i think it is one of the reasons you see germany not rushing. >> do you get the impression people are looking for any excuse to buy? >> i think so. think about how much risk there is. they still need to deal with t

bets. try to beat the performance of the averages, which is what investors pay for. many of the hedge funds try to merge the perspective with a bottoms up company specific approach along with an in this case t ans you are supposed to have the wind at your back and hedge funds believe the wind is blowing toward a recession which means retail is particularly vulnerable. they clearly got ahead of themselves just look at lowes versus home depot. the managers decided to take a paired position. they went long home depot and short lowes. this is a way to bet on performance of companies honestly, it made sense if you look at the last quarter, lowes was wanting and if you listen to the good home depot call from yesterday, it was easy to believe they must be taking tons of market share from their main competitor when lowes reported this morning and shot the lights out with strength across every isle, that paris trade was blown. traders know that discipline trump's conviction is a rule if a trade goes

how it is betting they will find the next big deal, next.loomberg. ♪ toly: tesla has a plan revive its flagging solar roof division. the company is offering no contract packages. elon musk tweeting "with the no lower pricing, it is like having a monte -- money printer on your roof." it comes a month after tesla reported its third quarterly decline in solar installations. we will keep following that story. while venture capital funding has soared to record heights in recent years, the number of women in the field has remained almost stagnant. only 11% of venture capitalists and 71% of u.s. firms have no female investors. still. one venture capital firm is looking to put the power back in women's hands. raisedpital announced it $3.5 million for a dv fund that will invest in female entrepreneur is will act as scouts who will then use the funding to make their own investments. joining us to discuss, cleo capital managing director, sarah. good to have you on the show. you are actually betting women entrepreneurs can find the next topic, right? sa

gamblers to british betting firms in just the past five years, a huge rise.to run up huge debts and do gambling firms have a duty of ca re do gambling firms have a duty of care to do gambling firms have a duty of ca re to protect do gambling firms have a duty of care to protect people playing. many of you have got in touch. one says it is not the fault of the bookies and people need to take responsibility for themselves. another saying gambling should be illegal. another saying it is not the fault of the bookies and people need to take responsibility for themselves. mixed views on this and of course the industry themselves say the issue that advice and tell people to stop when it becomes less fun but nonetheless huge problems there for the industry. joining us is simon french, chief economist, panmure gordon. and french winemakers have been hit by growing tensions with the united states ? by growing tensions with the united states? this links to what we spoke about earlier and the potential for us european trade tariffs. the white house find out that us expor

>> bill, volatility, we might bet on that. i think that's the safest assumption.k, i think any ship interdiction in the strt of hormuz is probably temporary given the military hsets the u. now put there, but also we're seeing from the uk and others as well. japan is considering this also, in escorting ships through there to make sure that any blockade is very short lived and isolated. so we'll have to see, but cleer clearly volatility is the safest bet in oil prices given the upside and down side factor. >> always good to see you. >> you bet. >>> a new report on inflation shows it accelerated in july. the consumer price index rose for a second straight month, up .3%, making this the strong e est two-month grain since early 2006. energy, rent and heaimh care. >>> tf today's upgrades and down grades. we begin with shares o mcdonald's. they were initial yapted with a buy rating at newoverage mkm partners. they cited strong domestic and international sales growth for the company. price target, $250. the stock rose 1% to19.73. dr horton was initiated with a uy rating i

place your bets, your sports bets.e speak to draftkings ceo jason robins on the growing business of online sports betting. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. iskoff to football season weeks away, and avid fans of the sport are already feeling lucky, gearing up to place bets on their teams, legally now in seven states. let's welcome draftkings ceo jason robins. clarify, the industry is up and running a legal in seven states, but there are other states where it could be soon. >> all of this has happened quickly. --il recently, it was just where you could bet on sports. the supreme court lifted the ban and now there's been a flurry of activities. several states have passed bills that are in the process of getting live operators to go. live operators in these seven states, including new jersey. -- what areroducts the products draftkings is dropping for this nfl season? jason: we have a lot of products. on our daily fantasy product, we have two exciting million dollars top prize cont

i could bet on college football games, live in new jersey.me or something >> i don't know about $10,000. it depends on -- >> i'm saying, i'm wondering if -- people could really get in trouble. >> if you live in jersey or located in jersey. you don't have to be a resident. >> i'm wondering if you can get into real trouble with this. what's my limit? >> we have sophisticated algorithms and we wouldn't let you just come in and bet $10,000. >> i would have to go into the stock market to do that where they don't look at anything. >> there's aml >> there is, but it's just responsible gaming >> you don't have to show your credit history or anything, do you? >> you don't have to show your credit history but there are things we would want to ask you. >> know your customer? >> yeah. one thing we ought to be careful of, this is a fun activity and for a small number, small percentage of people, it can be too much and if we let that go unchecked, then -- >> i can see how it critical conditionk become not so fun really quickly. >> for most people it's not

i bet if you look at all of their bank of america retail client portfolios, i bet they're 90% long in retail assets. so it's a nice thing to say. >> that's always the way it is all this talk of massive negativity, the facts are that the market is at 5% of the all-time high. >> you would think it was 15%. >> you would think it was 30%, the way people talk about negativity there's not that much negativity out there. people talk with their money, not with their -- >> there is a lot of negativity out there, whether it's justified or not is what you're calling into question. >> there's a lot of actionable things you can do right now. if you derisk, like steve says, potentially derisk a little bit, you've said that for the last few weeks, rightfully so, with the right action that's happens. but when you look at it, if you move back to a neutral state, what can you do within that neutral state? i would overweight u.s. growth in consumer stocks because in a late cycle or closer to the end of the cycle, investors pay a premium for growth you would to be long those assets, especially when earni

move boosts bets on another rate cut in september and the market stampedes to the bond market.uawei may be collateral damage. we hear from the company's chief market officer. sophie: financial markets taken for a ride on produced terror threats on top of reduced trade when it came to manufacturing pmi. 2% from gains the losses. check out the dow weighed by .tocks like nike u.s. futures hinting at further losses earlier in the asia session. switching the board to check in on treasuries, rally across the curve sending 10-year yields not seen since investors are as boosting their fed easing bets. of thatd a strength string of we get economic data yesterday with japan and south korea pmi in that contractionary territory. an addition, we had news out of hong kong that retail sales had its fifth straight monthly decline. we're also awaiting another slew of earnings from asia. want to check on the yen here after that trade news. trump tweets announcing a new 10% tariff on $300 billion in chinese imports, not yet an effect. he goes into effect on january worst. aking a little bit more

emily: what does the podcast bet have to do with it?ays it is working, but clearly not enough to be the estimates? lucas: one challenge for spotify, unlike video streaming company, spotify has fixed costs. the $9.99, the six dollars that it collects from you, a majority of that goes directly to music rights holders. so spotify is trying a lot of things to reduce the cut that it pays right holders to be more profitable. one of those things, selling tools and services, and the other is podcasting, opening up a whole other area of audio programming. the issue right now, it cannot carve out podcasting from its revenue pool, so podcasting mostly just adds to cost, because there's not a good way to make a bunch of money for it, not good advertising technology around it, and subscription-wise it is not saving the money, so it is just a good talking point for them right now, not anything making a difference in numbers. emily: how is competition shaping up? example music eating into the pie? lucas: they say no. apple music has grown quite a bit,

so if you're betting that you're going to go higher than futures curves, i would say there's generalullishness on oil prices right now >> all right, gina, thank you very much, and matt, for more trading nation, head to our website or follow us on twitter, @tradingnation. back over to you >> thank you mike santoli >> ahead on "power lunch," the state of the great american consumer will the shopper keep the economy afloat >> and as today's bounceback for real or is more pain ahead the key levels to watch. plus, the latest on the crackdown on black market marijuana in california. all that and more coming up on "power lunch." >> and now, there latest from tradingnation.cnbc.com and a word from our sponsor. >> different sectors tend to do well different different periods of the economic cycle. when the economy is expanding, industrial and technology stocks have historically outperformed the broader market however, when the economy is contracting, more defensive sectors such as utilities and consumer staples tend to o outperform schwab is the better place for traders. people know aflac. af

i would willing to bet if he sat down with the protesters, i bet he would work it out in 15 minutes. i know it is not the kind of thing he does, but i think it would not be a bad idea. if he sat down, them a certain leadership pool, if he sat down with that leadership pool, i bet verywork something out quickly. it seems like things could be worked out very easily. > there would have been hell to pay, but i did speak to people over there. >> china says they are going to retaliate because of the tariffs increase. what is your response to that? president trump: if they did retaliate, because i do not think they will do, i don't think they will retaliate but if they did, we have the ultimate form of retaliation. china,w jobs left in because we would be able to step it up. just so you understand, i have been very mild about it, very mild. there is a long way i can go. and somebody had to take on what was happening with china. we can't allow china to take out of our country $507 billion every year. not including intellectual property theft and so many other things. so, we are having very g

relaxed in 2007 and the rules around advertising for betting we re rules around advertising for bettinge gambling —related harm but another stark figure, gamblers are losing now almost twice as much to the betting companies as they were a decade ago, and last year punters lost a record £1a.5 billion. adam bradford is from the safer online gambling group. that is quite a stark figure. 1a.3 i‘ve billion pounds lost in the year. —— £1a.5 billion. i‘ve billion pounds lost in the year. -- £14.5 billion. if you add all of this up it is really nothing, these numbers are quite small compared to the damage that gambling addiction is causing to the 430,000 people who are addicted and the 2 million people who are further at risk of gambling addiction. we have a real epidemic risk of gambling addiction. we have a realepidemic in risk of gambling addiction. we have a real epidemic in this country so i'm not surprised that people are losing more and there are more complaints coming through the gambling commission. i think that figure does not really scratch at the surface and i think there are many m