i'm bill griffith. thanks for watching. >> i'm sue herera.g and we will see you right back here tomorrow. ♪ ♪ woman: this is "bbc world news america." is made possible by... the freeman foundation; by judy and peter blum-kovler foundation, pursuing solutions for america's neglected needs; and by contributions to this pbs station from viewe like you. thank you. nada: thibbc world news america." reporting from washington, a

>>> this is "nightly business report" with bill griffith and sue herera. ♪ g >>d evening, everybody,nd welcome to this special edition of "nighsiness report". sue is off tonight. you know, believe it or not, we are halfway through 2019, so t we're going spend this evening looking at the outlook for the second half of the yeai for every from the markets to the fed to housing, and we beginonight with stocks and the economy. this year performance has been a bi bumpy. stock rallies have given way to new highs, but there have been some sha and severe slumps as well. at the center of most of those moves has been the federal reserve. we have two reports on that toniitt. to start we have steve liesman who will tell us what is ahead for the central bank, but first dominic chu has the outlook fks stoc >> reporter: after a blistering run for stocks in the first half of the year, here are three things to watch as the markets head bnto thek half of 2019. first, trade. deal or no deal? despite the fits and starts over trade negotiations between the u.s. and china,e investors h largely been optimis

. >> bill griffith is a handsome man. >> he is in my next life, i want to come back as you.hank you, steve sedgwick. >>> all right. u.s. treasury secretary steven mnuchin is there and he will join us live from that g7 summit coming up in "squawk box" around 7:00 a.m. eastern time >>> still ahead, the e-commerce winner not named amazon, but that is still saying even better times may be ahead >>> and the ceo of one of the largest pharma giants of the world speaking exclusively to us his comments, if you care about pharma and healthcare, you wl nto arhem.il . >>> welcome back let's get you up to speed on some big stock stories of the day. ibm second quarter profit beat forecasts. the margins did go up a bit, but revenue fell for the fourth straight quarter ibm continues to struggle with its shift to the cloud cloud revenue did rise 5%, but that trailed rivals like microsoft and amazon and disappointed some investors. ibm down about 1% now. >>> ebay's second quarter results top estimates. more shoppers are coming to the ebay site. the company also raising its earnings guidance f

. >> it's time for a cnbc news update with bill griffith. >> here is what's happening at this hour.sident trump says there is no doubt that a u.s. war ship destroyed an iranian drone despite iranian denials. he spoke about the incident and its ramifications at the white house. >> we have the greatest ships, most deadly ships, we don't want to have to use them but they are the most deadly ships ever conceived and we are not -- we hope for their sake that they don't do anything foolish. if they do they will pay a price like nobody has ever paid a price. >> meanwhile, a strong earthquake northwest of athens has shaken greece causing frightened residents to run into streets, damaging several buildings, no serious injuries were reported. the u.s. geological survey reported a magnitude of 5.3. firefighters have been checking for people trapped in elevators. >>> and more than 100 bearded men gathered at a bar in key west, florida, they do that every day, but this time they gathered for the annual ernest hemingway look alike contest it is a highlight of the island's celebration of the autho

. >> time for cnbc news update with bill griffith hi, bill. >> hi, courtney. u.s.s.en momentarily from the arabian sea tuesday destroyed an iranian drone he called it the latest hostility by iran and insists that it was a defensive move >>> earlier the president said he was not okay with his supporters saying send her back at greenville, north carolina, last night. >> i was not happy with it, but what i would suggest, you go there. go to north carolina and you ask the people why did they say that but that's what they said. >> will you stop them if they try to do it again >> i didn't like that they did it. >> finally, the month of june was the hottest on record, according to the national oceanic and atmospheric administration temperatures averaged 1.7 degrees warmer than the 20th century average. swrun was the warmest since the agency began keeping records back in 1880 apparently nobody cared what the temperature was before then. that's the news update. >> i'm going to care about this weekend. it's going to be really, really hot. >> a scorcher, yes. >> the worst. >> b

bill we are considering. fuel container safety act, which would direct the safety commission to establish a mandatory standard for devices in portable fuel containers. griffith introduces the safety occupancy furniture flammability act, known as sofa, which would adopt the california standard for upholding standard , the standard for upholstered furniture flammability. i have introduced to bills. the first is the sturdy act, which would direct the cpf see to enact a mandatory standard to prevent furniture tip overs. every hour of every day, common , accordingurniture's to the cpf see, tip overs inflict around three injuries in the united states. we will hear worst today from crystal. in 2020 alone, over 2 million units of children's products faced recall and nursery furniture was the leading category. in the last 10 years, only one was finalized, a mandatory safety standards. speed that up and pass legislation. the second bill i have introduced this week with my friends from chicago, congresswoman robin kelly and congressman bobby rush, is the .afe cribs act the american academy of recommends that infants sleep on flat, firm surfaces aand does not recommend

fred griffith, great to have you on. >> bill: 19 past. the largest data breaches and history. how a single hacker gained access to the insider information of millions of americans. should u.s. military action be on the table? we will tell you how americans feel about that, coming out. >> they say about sanctions alone won't work. so, it worked. we have done our best to deny resources to the islamic republic. olay ultra moisture body wash gives skin the nourishment it needs and keeps it there longer with lock-in moisture technology. skin is petal smooth. because your best skin starts with olay. so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. nomination. >> bill: do you agree? >> sandra: it was similar, there's no doubt. i can't make that call. what you think? >> bill: the jury decides. guilty. we will see how much money they get. it could be a dollar, it could be lots. capital one urging the warning about a

bill just swallowed a mint hole [ laughter ] as he clears his throat. it is time for "rapid fire." here to break down the headlines are mr. griffith picker, happy belated birthday, and dominic chu. bigger yeast foreipo proceeds in nearly two decades and everybody's benefitting. companies have so far returned 20% on average >> not too shabby. what's interesting is the superlative here i think a lot of people are starting to notice that this is the highest amount of proceeds raised in the first half of the year since >> was it 90 -- >> 2000. and so i think people are saying everything's going up, everything is working. i mean, there are some exceptions here. we see some smaller biotech companies that are in the red for the year, for example. or uber and lyft, exactly, which represented about a third of the proceeds for the first half of the year, by the way so people have definitely lost money. but i think there is this question of are investors being discerning enough when they are looking at the ipos or are they just saying there's momentum behind these things, i am getting in while the going's hot. >> yes, it's a lot of money rai