but that strong home builder number took hold and propelled stocks higher. by the close, the dow jones industrial average was up 67 to 17,545. nasdaq climbed 43, and the s&p 500 gained ten. >>> sarah johnson joins us now to talk about the mixed readings on the economy and what it might mean for the fed in the upcoming september meeting. good to see you, sarah, welcome. >> thank you. >> why don't we start with today's data. did any of it seem so compelling, that it might move the fed one way or another? >> no, i think the focus of the fed will be on the labor market indicators, and july's strong employment report is one more reason to go ahead and start raising interest rates in september. >> are you at all concerned, do you think the federal reserve is concerned about what's been going on over in china? do you think that is just a marginal influencer, or a major one? >> it is an influencer. not a major one. but i think what's happening in china with the slowdown in growth re flegflects a broader concern about overall sluggish demand in the global economy, an

builders have a long road ahead. for them and good news for the broader economy because residential investment will be an important engine of economic growth for several quarters, if not a couple more years. the problem is it is too small to carry the load alone. domestic demand for consumers. matt: we should not worry about the drop in consumers. one-time anomaly due to expectations for the credit to expire. matt: the average age of a car on the road. day.ve him on tv every >> i beat him up on the radio --cory: i beat him up on the radio every day. >> bruising. deal foring up, a big retail earnings. between walmart and tj maxx come a we will look at the winners and losers next. stay with us. ♪ cory: welcome back to "market makers." there are tremendous changes going on. francisco,d from san , iearly every morning, pat feel like covering software and television is a pain because the video is never any good. felix there was a massive transition going away -- i feel like there is a massive transition going away from. i

are you seeing interest on the part of those that would create supply, developers, builders, getting into the market, increasing supply, capitalizing on that demonstrate? >> yes, certainly. i think we are seeing as your guest mentioned we are seeing increases in supply in some areas of the country, largely driven by regulatory environment, and so what the problem is in california, and san francisco in particular is just thaf we have a strict regulatory environment making it difficult for builders that want to come in, let alone build homes in the area. >> if there were to be changes in the regulatory environment, what things do you think a market like san francisco needs to see in. >> well it's complicated issue. it's not just san francisco. from california in general, an issue we have not talked enough about, and it's contributing to the lack of supply, is the se car, the environmental act that is really delaying the process of building homes and home builders to build. that's on on the other issue there was a zoning issue, a low density zenning across the state, san francisco parti

home builders bumped up 1 point in august on the national association of home builders monthly sentiment survey. it was just one point but enough to hit the highest level since november of 2005. of the index's components current sales conditions and buyer traffic both improve but sales expectations over the next six months stalled. that may be because they're concerned about rising mortgage interest rates. now they usually travel in tandem but they are still way apart. that is builders are feeling better about their business. they're just not building enough houses though to meet demand. back to you. >> all right. a recent survey shows while 70% of millennials are interested in buying a home, less than 30% actually purchased one. joining us live from miami is jeff taylor, co-founder and managing partner at digital risk. a pleasure to have you on the show this morning. what do you think scares millennials the most about owning a home. for myself, it's not knowing where i'm going to be two years from now. >> i think there's three big things. they're focused on their income. do they have en

it could apply, not just to builders, but across all spectrums.s and mcdonald's or even uber. >> how would it manifest in terms of increased cost or liability they are concerned with? >> what the builders associations are telling us that entry liability. more paperwork having to figure out which subcontractors are working maybe a day here, a day there or who is working for months at a time for a builder. sometimes a subcontractor will work for lennar one day or pulte. others are saying this could be brought against all subcontractors. there are 25 separate speciality trade contractors that work for your average builder. >> anyone who had experience with any housing project knows how many there are. it's a complex project. there is much more information on realty check. appreciate it. >>> talk about a fast fill-up, charging electric vehicles in just five minutes. we'll talk to the ceo next. >> later, the shanghai index falling 21% over the last two months. the chinese government is looking to make some people the fall guys. >>> welcome back. 6% jum

that's a huge momentum builder. it tells you this is the place clearly where consumers are spending and look. home goods being up 9% at tj, you know we talk about the consumer being choosey. this is certainly an area where they are continuing to spend. >> interestingly, the action in the stock today, the results came out, stock initially traded down. >> down about .5%. >> we looking about .5%. analysts came on squawk and said i think it's overdone. made you wonder whether the bar was set so high, because the stock has had such a great run. fresh all-time high yesterday and again today as we speak, a nice reversal. >> it was. down .5% and it got up and ran and got new highs. think what it's telling you is the multiple, people are feeling more comfortable. because they've got the growth. they've been able to do it. quarter after quarter. i mean the comparisons, bob pisani was talking about all morning. was about how walmart and how you look at their revenue growth and it's flat-lined and meanwhile looking at home depo

builders are at new highs. some of these home builders are up double digits today.ommodities are the opposite direction. we noted earlier at the open we've got six-year lows in all the big commodities like copper, aluminum, nickel, zinc. every day you think these stocks can't go any lower in the commodity space. you see century aluminum. you see clf, cliffs, aluminum corp of china, vale even down. >> 10%. >> how much more can they go down? it's only a $3.00 stock at this point. a lot of activity in emerging market etfs today. anything related to overseas, thailand -- malaysia is now on the upside. was down through most of the morning. indonesia also weak as well. these country etfs have been in free fall, down since june. but since we had the devaluation in china, they've really gone straight down for days. >> currencies have plunged and the stocks are following. >> let's go over to the nasdaq, kate rogers with some of the movers nasdaq is down. micron, nxp, skyworks are down 2.5%. out performed by web bush securities setting foreign exchange headwinds among other t

effigy builders seem to get the mounds to themselves. it may be that they are just higher ranking. maybe they were religious or political leaders, i wish we could asked -- ask. neither mound has been excavated. they are protected by state law, you cannot begin -- dig in. dig is over. could based on literature, i would guess there is a single graves in this bird effigy holding an adult, a child, that we don't know. between 70050a.d and 1280 by a group that we call the effigy mound builders of the western great lakes. the time. known as the late woodland. they were gardeners and hunters who roamed around southern wisconsin and portions of adjoining states, and were spectacular people. they built these monumental funeral sculptures for the dead. they have changed the landscape permanently so we cannot forget them. topsoil from the surrounding area. there is no sign of were building deep pits. they were probably taking shallow scrapes in the surrounding area so the land would heal quickly and erase the damage. the madison area is an extremely rich environment. we have a concentration o

big lego event for builders of all aenls event for builders of all aenls. >> robot republic tail come to garage near you. >> and we watch the powerful storm rolling n.thunder light new england throughout the bay area. the full forecast coming up. >> 7 news at i work some long hours keeping my clients wrinkle free and back when i had u-verse. that meant falling behind on my shows. so i switched to xfinity. it's perfect for me because it let's me download my on demand shows so i can watch anywhere. see? [laughing] where do they come up with this stuff? don't settle for u-verse. xfinity let's you download shows to your mobile devices perfect for people who can't always be home. happy anniversary to me it's safeway's anniversary... happy anniversary to me but you're the one who's gonna save some serious money. happy anniversary to me right now with your club card usda choice ribeye steak is $7.99 a pound 32-ounce gatorade is 69 cents and select quaker cereal is $1.49 happy anniversary to me. safeway's huge anniversary sale! it's just better. >> new details. santa clare county bomb squad b

that will give power to home builders. mortgage debt typically grows around 6% over the last 40 years. recession grows around 2%. it's now flat. it's starting to improve. the growth of mortgage debt. that will give the fuel to these home builders over a period of time. >> if we see the fed holding off rates this year, do you think we'll see another rate of refis and purchases? >> even if the federal reserve raises rates by a quarter of a basis point or 50 basis points over the next 12 months, we believe that great deleveraging will give a little bit a get up and go to the housing market. let's take a look at historical numbers. the average of the last 40 years is initial home starts of 1.4 million per month. we're at 1.2 million. it's improving ever steadily. you just have to have patience. have a three-to-five-year time horizon. >> how does this translate to how you invest in the sector. >> what we would say is we're positive but we think you should continue to be selective here. while we agree the market -- new home sale

what i found interesting in that we did see the bump up in home builder confidence but usually builderdence and single family housing starts to travel together and if you look at a chart they are wide apart. builders may be so confident about the market why aren't they building more houses? why are they putting more stock into the market that will take the prices down. >> the reason for that is that you know the last couple years, guess what's happened. we've seen a huge surge in renta rentals. as you pointed out rental prices are rising much, much faster than inflation and inflation is low and guess what, if you look at case-shiller housing prices are rising rapidly. that equation is starting to turn. there's a lag but when you see housing prices rise so much over the inflation rate at some point you see that turnaround. last point, what you -- recent survey is showing even the millennials are getting much more excited about thinking about buying a house over the next 90 days. the highest we've seen in the next 90 days over the last couple years. that is going to change. >> diana? >>

the etf that tracks home builders is up about 1%.aaw a lot stocks that a couple of weeks ago and some of them have come back today. mark: thank you. let's take a look at the european market close. mannis: european equity markets are squeezing out a little bit higher into the close. it seems to be the push and pull. the push was for the new york manufacturing data but the old -- the pull seems to be from greece. $.35 below the average of what we have seen over the last 30 days. the u.k. is breaking five days of declines. the miners are under pressure from the china story. below thee on the dax 200 day moving average. i mentioned greece and if you are a depositor in greece, things are fine. they are going to encourage you to bring your money back but if you are a on holder, you could be at risk when it goes to recapitalization of the banks. greece is never far from our attention. seen train makers and energy makers drifts a little bit higher. down onemakers are percent again. the focus is back on those bad news headlines coming from ch

big lego event for builders of all aenls event for builders of all aenls. >> robot republic tail comerage near you. >> and we watch the powerful storm rolling n.thunder light new england throughout the bay area. the full forecast coming up. >> 7 news at 11:00 will ♪ we invented low fares. then everyone else pretty much tried to follow. we call it the southwest effect, but other airlines probably use more colorful language. low fares. we don't just have them. we invented them. and here we go again! book for as low as 73 dollars one-way now at southwest.com ♪ for over 60,000 california foster children, having necessary school supplies can mean the difference between success and failure. the day i start, i'm already behind. i never know what i'm gonna need. new school new classes, new kids. it's hard starting over. to help, sleep train is collecting school supplies for local foster children. bring your gift to any sleep train and help a foster child start the school year right. not everyone can be a foster parent but anyone can help a foster child. >> new details. santa clare county bomb

isn't it nice to have a builder? a real builder. so you take pre cast plank. it comes 30 feet long, 40 feet long, 50 feet long. you see the highways where they can span 50, 60 feet, even longer than that, right? and do you a beautiful nice pre cast plank with beautiful everything. just perfect. i want it to be so beautiful. maybe someday they'll call at this time trump wall. maybe. so i have to make sure it's beautiful, right? i'll be very proud of that wall. if they call at this time trump wall, it has to be beautiful. and you put that plank up and you dig your footings. and you put that plank up. there's no ladder going over that. if they're having it up there, they're in trouble. there's no way to get down. maybe a rope. and then somebody said, well, they'd build tunnels. you can't build a tunnel. with x-ray equipment, you can see if they build a tunnel. you can try but if you have people -- now, we have to build a wall. we have to get the bad people out. the immigration policy, i've gotten great -- i tell you. what i've gotten tremendous applause for what

builders say they are seeing more buyers now, but are not as bullish as the months ahead. >> all during the summer from july to now, our traffic has been up and sales have been up, and the only thing i can attribute it to is all the press about the fed raising the discount rate in september. and the cbetomer has to sign this. >> but midatlantic steven paul also attributes his company's success to lowering prices. >> we have gone down in size and in price to meet where the mortgage financing money is. >> now with trouble in china's economy making a u.s. rate hike less likely, the outlook for housing in the back half of this year is less bright. >> something we've consistently heard from the home builders is there's a lack of urgency among buyers in part because rates haven't moved at all. >> demand for existing homes is already starting to fall as prices stay stubbornly high and luxury home builder fell short of earningss expectations and is average home price soared to a new high. now after a major kick to confidence in financial markets this week, some claim rates are taking a back sea

big lego event for builders of all aenls event for builders of all aenls. >> robot republic tail come to garage near you. >> and we watch the powerful storm rolling n.thunder light new england throughout the bay area. the full forecast coming up. >> 7 news at 11:00 will be sfx: music throughout ♪ sfx: crowd cheering sfx: crowd booing ♪ sfx: crowd chanting sfx: crowd cheering music stops sc johnson a family company. >> new details. santa clare county bomb squad blown up self world war ii grenade and mortar found in a home on webster street in palo alto. sky 7 hd overhead as crew responded to this house. resident found the old box while cleaning and immediately called police. now here's a picture showing the if hole the bomb squad used to blow up the grenade. another picture of the shrapnel left over from the disposal. >> nearly 500 patients have been notified after they were possibly exposed to infection. happened after step was missed in the process of cleaning equipment used at the ucsf outpatient urology practice. officials say the possibility of infection is extremely low and they

the home builders are very difficult. obviously they've had an incredible run. you look at the itb and it continues to break out to the up side. i continue to look toward other areas and that's tjx. did you see those numbers today? looking for 3% growth it was 6%. when you look at what they were able to produce today not just home depot but you look at tjx, ross stores coming out as well. there are derivative plays, home goods at tjx right now absolutely carrying that company along the way. it's just incredible. i think you can go a lot of different ways right now if you want to be involved in the housing world that's not going to put you really quite in the bind if that housing itself starts to slow down. >> karen? >> i wonder if something like a bed, bath & beyond which often you would think of them together but bed, bath & beyond has been left in the dust when you look at the mohawk and whirlpool and home depot and lowe's. it should participate. i don't know why. it's getting to the level it's sort of worth a look. 12 times earnings. >> so outside of builders

profits slip with a major home builder, but diana olick has a housing lift. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep it all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberry apple scones smell about done. ahh, you're good. i like to bake. add new business services with at&t and get up to $500 in total savings. tsummer event is here. now get the unmistakable thrill and the incredible rush of the mercedes-benz you've always wanted. but you better get here fast... yay, daddy's here! here you go, honey. thank you. ...because a good thing like this phew! won't last forever. see your authorized dealer for an incredible offer on the exhilarating c300 sport sedan. but hurry, offers end august 31st. share your summer moments in your mercedes-benz with us. >>> welcome back. with markets approa

"master builder" by -- [ light laughter ] builder. >> jimmy: yes, builder. >> not master craftsman. >o. >> i was like, so sorry, so sorry. i switched it off. i went around to see patrick afterwards. he said, someone's cell phone went off during one of my speeches! [ laughter ] >> jimmy: that's fantastic patrick stewart by the way. >> he does a really bad impersonation. >> jimmy: of you. no, that's great. >> and -- and i said really, patrick? it's frightful. i think i heard it. he said, was it you? i said, yes. [ light laughter ] >> jimmy: it was yours. >> i owned up. yes. >> jimmy: and then you never did ever. ever since then. and you never brought your -- i don't bring my cell phone anywhere just in case. >> mine is in the dressing room. >> jimmy: yeah. >> i've got the weirdest dressing room, with respect. [ laughter ] >> jimmy: thank you. i knew you were coming. >> it has a moose's antlers coming through the wall. >> jimmy: it's not a real moose. it's a plastic -- >> oh. oh, i see. >> jimmy: it's plastic antlers from a plastic moose. >> we're all into endangered species. >> jimmy: e

the home builders are in multiyear highs.rd our guest says he wouldn't play around with them. people are. nevertheless, s&p down six. nasdaq down 32. >> market watchers trying to gauge where oil will go. quincy crosby says oil prices have become synonymous with global growth prospects. we'll talk about that when we come back. a new season brings a new look. a chance to try something different. this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ the 2015 cadillac srx. lease this from around $339 per month, or purchase with 0% apr financing. dentist appointment when my teeth are ready? ♪ can it tell the doctor how long you have to wear this thing? ♪ can it tell the flight attendant to please not wake me this time? ♪ the answer is yes, it can. so, the question your customers are really asking is, can your business deliver? >>> welcome back. 8 1/2 minutes left in the trading session with the dow down 28 points. joining us with her view of the world, quincy crosby from prudential financial. you are

home builders sentiment rises 1 point to 61 on the national association of home builders monthly sentimentexpectations. it's the highest level since november of 2005 and one year ago we stood at 55. the builders stiaying difficult issues. buyer traffic rose two points to 45. current sales conditions up one point 66. sales expectations, though, still flat but at a high of 70. when we look in the west and the south, home builder sentiment is a highest at 63. in the midwest 58. in the northeast still at 46. this as the home builders starts are anemic. fell in july. up about 15% from a year ago but well above historical norms. hopefully this sentiment will indicate something of maybe a bump in the july numbers on housing starts tomorrow morning at 8:30. >> thank you very much. as we said, stocks are in the red to start the week. even with the yuan beginning to steady overnight, investors turning back to a possible rate hike. good morning to you. good to have you with us. >> good morning. >> michelle, what do you expect the minutes to say this week in. >> i have to say, the market will be looki

that may be because builders were a bit concerned about rising interest rates.what's still out of whack is that builder sentiment and housing starts usually move in conjunction with each other. they are way apart right now. we are still seeing very low housing starts even as builder confidence improves. they're happy about their build, just not building a lot more homes. >>> second topic is rising rents it appears they may be there to stay for a while. why? >> reporter: absolutely, because there aren't enough apartments. we talked about rents reaching record highs, occupancy reading record lows. we're told by zillow three quards of markets of not affordable, renters would have to pay more than 30% of their income. and that's considered unaffordable. now suddenly you're seeing the multifamily housing starts improve, but it's just not enough to meet that ever-growen not just demand from millenni s millennials. >>> and they're staying is renters longer. what does this mean for the market? >> reporter: it means we're just not seeing the robust sales we want to see i

i spoke with the ceo of home builder lennar, stewart miller.e thinks his business is highly differentiated from this particular case. but he admits he is alert to the ruling and watching. lots more quotes online, realtycheck.cnbc.com. >>> big-cap technology stocks have been like the market, extremely volatile lately, especially after last week's roller coaster. in over just the last month, the s&p sector is down over 12%. qualcomm, paypal, ibm, all down over 9% in just 30 days. david katz and eddie merkin. are you using this weakness to buy any of those companies? >> if you look at the technology sector, there have been the haves and the have-nots. the haves are the facebooks, googles, netflix. the have-nots are the ones you mentioned -- ibm, qualcomm, companies that have long good-term prospects but have been beaten up pretty badly. we'd pick up some of those high-quality names that are out of favor. we like qualcomm here, microsoft we think has done a great job turning the business around. you are getting it at a very good valuation. they sho

home builder sentiment hitting its highest level, nearly ten years. one top technician says now is a time to buy housing. carter orth at cornerstone macro is breaking it down at the smartboard. what are you looking at? >> this is a very good area of the market and we have a great setup in the sense that you have huge outperformance in 2012, underperformance in '13 i've 14 and this early stage outperformance in '15. and in principle it should be the beginning of the next up leg. here's a comparative chart. two big etfs, xhb and ytb. one of course is a market cap wave the itb versus equal weight xhb. either way what we know is good performance all year long and we have a market that's up 2%. these rupp 12 each. despite what rates do they continue to act well. you can draw the lines any way you want. here's how i would draw them. we're just now breaking out above these tops is that have been in effect for the better part of five, six months. you can call it an ascending wedge. but the principle is higher -- we like this. relative strength matters. it was

on the upside, those home builders keep killing it. hot, hot rally. up 16% so far this year. joe, we need that in the market, because if you have the bioteches and the media stocks rolling over, you need another sector to lead. joe: another theme that we keep alking about, emerging action, the central bank of turkey held raids. we saw their currency fall. another bad day. like that story every day. alix: emerging markets currency as important impact on commodities. take a deep dive into my terminal to talk about wal-mart and how much higher expenses are going to get. what you are looking at are these blue bars are revenue growth, sales declining there on a percentage growth. and these orange bars are operating expenses. operate ping expenses far outpacing sales. two reasons. wages and people are stealing. so first of all, they are raising their wages to $10 next year and they have a lot of inventory that is lost or mismanaged and people putting meat in their pants and walking out the door. joe: people focus on the wage number because to a lot of fanfare, they talked about the

>> not as many housing builders in there. >> 33% are home builders. >> that's what joe says. >> how abouttb? >> i have no idea. >> i think it's closer to 100%, that's where you would want to be. >> coming up, the things our experts are watching you could be missing, we go under the radar coming up. >>> plus knock-knock, who's there? that guy. he's our next guest. the man behind a cool new social app. so >>> actress sophia bush are investing in a new social networking app called knock knock, a tool that's supposed to ease the awkwardness of remembering people you've met for the first time the company behind the app is human and he's here with us. good to see you. give me the lowdown, how does this work. >> think about how awkward meeting people and exchanging information can still be. even for the most socially confident people out there you and i will sit down. meet for ten minutes, introduced by someone and then we realize at the point we want to stay in touch i have no idea what your name is. >> we'll all have different ways of playing this game. here's my phone. you enter it or how do

what i'm focused on though are a couple of positives today, bring out the home builders, either one,tb or xhb, breakout in the etfs and i think a bigger toerry than the indecision in the overall indices, they speak to the prospect of household formation a better wage picture, more consumer confidence. look at this itb. these are all straight up home construction companies. you are seeing this name hitting levels it hasn't hit since '07. about 20% below the '06 all-time highs and that's very positive sign for stocks overall. >> maybe in for a surprise, steve. stocks with the u.s. focus can do well, maybe issues around the globe force money over here, disney, a nice rebound today, apple trying to find some footing, if apple can do that between now and the end of the year, maybe good for the market. interest rates creeping up perhaps the fed moves in september, the financials could retake that leadership role, trying to build some pos i was in the face of the head winds that we have talked about. >> i think what you are seeing now nothing more than apathy combined with summer doldrums,

. >> more than 25 builders are spending their time helping out for habitat for humanity. they plan on doing it in three days. the action cam on the scene in north philadelphia where they were hard at work today. this builder's challenge as they're calling it ahelping habitat reach a deadline for moving families in by the holidays. since workers are volunteering this effort it will save non profit $50,000 in materials and labor and it's all helping them finish the project weeks ahead of schedule. >> and people in egg harbor township new jersey came together today to stuff a bus. bunch of non provrts work with united way to organize the school supply drive right there in front of boscovs and they collected supplies to fillmore than 300 back packs for needy children in the area and more than a dozen local companies and organizations also donated to this thoughtful cause. >> and all right. time for a check of the accuweather forecast and heat to come. it was hot today but comfortable. >> humidity was in check. >> i list haden melissa. >> i'm glad you're play paying attention,

we were in santa clara at the bricks by the bay lego convention that draws a community of builders >> this is an event for those would love legos to share what they built, learn from each other and be inspired. >> it is like -- someone said legos does it drive you notes? >> it can. >> the conference is only for registered lego fans but is open for the public on sunday from 10:00 to 4:00 p.m. >> be careful with the lego outside because the lightning can hit. >> my thing is tornado touching down. that is my pet peeve. >> good morning, everyone, now, this weekend, you know 150,000 of you are going to outside lands with clouds at 10:00 and 64. it will be sunny by tech at 67 and breezy at 6:00, with clouds back at 10:00 and a cool 61. you can see the area of low pressure moving through the industrial valley and headed to the high country, yosemite to lake tahoe, thunderstorms and central valley is low-to-mid 90s and mid-to-upper 70s under clouds for san diego and los angeles. talking to people in hawaii saying guillermo not much too him. he is leaving. if you are getting on the plane, soon

. >> more than 250 builders are donating their -- more than 25 builders are donating their time to providerames for habitat for humanity. this builders challenge is helping habitat reach agetting families moved in by the holidays. since they volunteering their effort it will save the nonprofit $50,000 in material and labor. >>> it was a special day for a local airman from chester county he returned home from a ten-month employment. todd reels returned to coatsville where he served as volunteer fireman, friends and family and officials came together to welcome him home there was a homecoming ride and picnic. love seeing the story, we appreciate everything they do and love seeing them come back home. >> we've got more "action news" just ahead. we'll be right back. >> a swimmer is found dead in the schuylkill river that's ahead on "action news" sunday morning. >>> a little boy spending his summer making a difference one step at a time. >>> the eagles start their preseason today in south philadelphia. lots of people are excited about this one, it is almost 7:30, nydia is off, tamala edwards is

the reason they are rarely built, labor and the material costs, builders can't profit on homes costingan $200,000 unless there are area with cheap land. if you live near a city you say doesn't it stink? leaves respecting or buying the small older homes the best option but they often need thundershowers in updating, squeeze -- need thousands of dollars in updating to squeeze homeowners more. a move to move back to smaller homes in the last year to offer some hope to struggling families so you don't waste your money. i'm john matarese. abc7 news. >> shots were fired around 6:45 leon: murdered on air, two journalists killed as viewers watched. >> not sure what happened there. >> the alleged killer vester flanagan, a disgruntled former employee posting the horrific acts on social media. >> i'm alison parker. >> tonight a community and a station in mourning. remembering the lives of alison parker and adam ward. >> let us not forget, they grew up in this area and were part of the community. leon: a chilling scene before shooting them on live tv. that have set off a manhunt in moneta, virgini

engine builders and perhaps even builders of fitness equipment that screw the market as a good marketegin to come here. >> and, cheryl, that could be a problem for a lot of businesses obviously that his an opportunity. but, you know, the folks at brunswick, you said it right when we started, stock was $2. it's now closer to $52. that would have been a good investment back in 2008. a lot of fun out here too. >> you have no idea how many people in this room right now are jealous of you, jeff. it looks amazing out on the water today. it looks like it's gorgeous in chicago. how fun. >> thanks, cheryl. >> he can't even hear me. well, it appears that it wasn't really a match made in heaven for tinder and its ceo. details of the breakup. coming up next at ally bank no bs equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overs

we felt when we turned the long furloughs of virgin soil and find the first trees, we were empire buildersnd the future was ours. solomon butcher was a pioneering photographer in custer county in western nebraska. he took photos from about 1887 until the early 1890's of homesteaders and saw houses and was able to tell the story of this important development in american history. during the homestead push, lots of people are traveling west to get this free land the government had made available. so his father decided to give up a really well-paying, stable job with the railroads and try his hand at homesteading in nebraska. his father, his brother and his brother-in-law pack up to covered wagons and take a seven-week journey from illinois to custer county. after about a year, solomon and his dad go back to illinois to pick up solomon's mother and youngest brother to bring them out to the homestead while solomon decides he needs a break and he stays in illinois for a few weeks and then just in the nick of time, he makes it back to nebraska and throws together a small house with his siblings a

they've been right, the home builders outperforming the broader market this year.fact i think some of them are in positive territory considering what the rest of the market are doing. josh brown are you still pounding the table? >> well look if you're searching for the u.s. economy for signs of strength. this is like ground zero for what's actually working. between household formation, employment and housing you have enough to be able to hang your hat on the fact that we do no have contagion from asia in our economy right now. we actually have some positive trends in the things that tend to be the most important historically for america. so i think that's continued. i don't think that changes with the rate hike. i don't think that changes with putting off a rate hike. >> the home construction index is still up 9% for the year. astounding considering this market. >> let me add one point that's at least important to me. the amount of mortgage applications have not matched that increase in housing turnover and ha that tells me is that there's a lot of cash buyers out

the answer, the home builders. one derivative further.nce you buy a house you have to fill it with goods. can't just buy a house. there are a host of web based opportunities like amazon and wayfair. they are on the hot seat because of the "new york times" and working conditions. excuse me for thinking this is not really important to the stock. moreover, it's really not that new. i remember watching david faber's documentary and the nature of am ston which puts up factories in one-horse towns desperate for employment. i can't bemoan what i knew about their labor practices but an easy 3.70 gainer today. same for wayfair. the online furniture play. after a spectacular quarter not many people expected it judging by the 42% short interest. that's the amount of people betting against it. when i see so many shorts it's the initial run in zulil, y which caught a take over bid. it drove the stock from $22 to $73 months later. of course zulily was acquired for less than $19 a share. i'm saying tonight be greedy with a terrific stock like w wayfair.

three terrific home builders broke out to the upside. this is another group you need to buy in a sell off because the chinese devaluations has no ill pact on a domestic home builder. fitness wear is out of control. lately there's been doubters. doubters have been all over underarmor but there's nothing to doubt now as the stock is up more than a buck and a half. apple has been hurt by chinese weakness but the $200 sneakers nike makes i have been thinking about this. the chairman wouldn't be thrilled about letting 100 air jordans bloom but the stock has a life of its own plus sketchers is coming back and i spy a rally in lululemoned and then there's the retailers that stick up whenever the selling pressure ends because they lack competition. stocks like ulta salon. the beauty supply company with some of the best same store sales in all of retail. the obscure but not because of me because i love mine. tractor supply, tried and true rebounder and of course starbucks. we'll talk to them later in the show. they worked their way higher. someth

>> caller: well, the builder berg group -- does anybody know about the builder berg group?have you ever had anybody on your program talking about the builder berg group, what their goal is? >> and for those who don't, what is it? >> caller: these people -- there's about 30 billionaires in the united states, the whole world actually. they want to control all the money in the world and the world's economy. so, you know, they can do whatever they want, and it ain't going to hurt them. >> so you pulled your money out of the stock market. where did stock market, and whe did you put it and what do you use as far as investing and saving for the future? >> well, i put it in it my mattress, basically. i got it hidden in my house, a little safe. because -- the federal government is corrupt. you can't tell a difference between a democrat or a republican anymore. >> sam in libby, montana, sharing his thoughts on the stock market and the justice department weighing in on menendez' defense -- pushing back against the defense, alleged corruption charges out of washington saying the depart

house end it was the builders that managed to fuel that resurgence. guy: chance that everybody is talking about and i have read my third article now the producer pointing another when out this morning is this chart here. post china seems to have got everyone thinking. it is basically equity markets continuing to rise but high-yield credit on the way down and it is that spread their that has people nervous. that is what is maybe pointing people's towards this idea that equities are as ever slow to react. china is adding into that. girl the high-yield is pretty phenomenal. seen sinceve not 2010 and that's with a nervousness is creeping in. guy: credit much better at pricing the stuff in with a much better historical record. when the credit market starts waking up should equity markets do so in short order. beoline: should they following high-yield credit downward. give us your thoughts. guy: let's take you back to one of the main stories. shockwaves are spreading from in blonde best -- bomb blast bangkok. the tourism council says it has already seen can

isn't it nice to have a builder, a real builder? >> so we get bergdahl, a trader and they get five of the people that they most wanted anywhere in the world. >> and you know i say sometimes that the american dream is dead but we're going to make it bigger and better and stronger than ever before. >> the "on the record" political panel is here. boston globe and "washington times" stephen diamond. stirs up and gets his crowd going? >> this is interesting him in new hampshire. sort of a traditional political state. it's hard to imagine a trump tower in the land of courtyard marriotts up in new hampshire. he brought out a huge crowd and had a lot of excitement. >> why? >> i think a part of it is the celebrity factor. people in new hampshire want to see him and see what he is like. and part of it, i you think they want to hear some of his policies and hear what he has to say. >> steven? >> look, you know, i think the mayor actually said it really well. he survived every test that's been thrown at him so far. not only survived but thrived

be a six month supply, and also the rental market rent prices getting astronomical builders are alsoltifamily and the home depot numbers make absolute sense because i am seeing on day-to-day bays buyers not finding what they want willing to basically by something and renovate to it their taste. >> i find it fascinateing that we are talking about 2/10 one percent oh, my gosh a rebound in the housing market you are in this business i know, in new hampshire, new england in particular, the zoning. regulations, the permitting process is so long and delayed, that a lot of builders can't build multifamilies can't do that affordable housing unit where great demanded in new hampshire 50% of income goes to you housing, so there is not a heck of a lot left, over to basicallive what are you fin challenges that builders are phasing. >> you are you one hundred percent correct too much regulation on builders building rental housing that is what is out there people starting new households, are up renting not buying. these millenials renting longer, the rental market in new york city ridiculous right