it's about the call for someone here at cnbc.n nominated c northbound to take the ice bucket challenge, and we'll find out if anyone is willing to accept that. that and the final trades. ♪ this evening has been so very nice ♪ i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doc

now, earlier here on cnbc, we spoke to the cnbc of our hope. we asked about difficulties with the u.s. consumer. >>> they have caused suspendble income for most of our customers going up. and so you see customers, some wages are increasing again. but the spendable income, what they can spend on foods and others is still very modest. i think this is the biggest issue we see in europe. >> now, i want to show you the place on the bond markets, as well. you would have noted yesterday after we had the minutes released that you saw treasury yields climbing on the back of the fed minutes. this morning, we're still seeing yields pushing higher and you have the 10-year bund yielding around 1%. the ten-year french o.a.t. yielding 1.4%. the ten-year spanish, 2.42%. given that we had the hawkish stance and we had these yields riding in the debt markets, we then saw the dollar climbing to 11 1-month highs against a whole basket of currencies on these hawkish minutes. at the same time, don't forget the housing data that was out on tuesday, as well. quite a b

that's our edition of 60 minutes on cnbc. i'm steve kroft. thanks for joining us. [ticking] [ticking] >> the mood is dark. people are pissed. why not try to do better? >> jeff immelt is the ceo of general electric and one of the country's most important business leaders. now he may have an even more important title, jobs czar. immelt, a republican, was recruited by president obama to help generate ideas about creating jobs. >> if you just looked at how many hours a day do republicans spend on job creation, do democrats spend on job creation, does the white house, it's nowhere close to 100%. we're not spending enough time on jobs. >> you know, the economists say that the recession's over. >> really? they should come to newton, iowa. [chuckles] >> and this is what they would see in newton, iowa: a maytag plant, where 2,500 people worked, now abandoned. this was the chrysler dealer, the chevy dealer, the tractor supply company. it helps explain why there is so much anger in the land. >> i'm sick and tired of people going to congress and washington, d.c., and making a

that's our edition of 60 minutes on cnbc. i'm morley safer.or joining us. >> narrator: in this episode of "american greed"... hail to...the thief. commander bobby thompson. >> this story went from a dilapidated, rundown duplex all the way to the white house. >> narrator: thompson's a harvard-educated lawyer claiming to run a $100-million charity for veterans. >> this organization had collected millions of dollars, promising to give that to veterans who needed it and, in turn, doing far from that. >> narrator: veterans get pennies, and the commander uses the proceeds as a political slush fund. >> is it just politics as usual? is there something deeper going on? i still don't know the answer. >> narrator: when his crime is uncovered, thompson dares investigators to find out where he is...and who he is.

>> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we talk with a trio of business moguls, carl icahn, eli broad, and sir howard stringer. we begin with carl icahn. it takes a certain breed of stock market investor to thrive in queasy times, and icahn is one of that breed. he has a knack of turning someone else's loss into profit for himself. but he can also help others improve their bottom line through the so-called icahn lift, an upward bounce that often happens when he starts buying a beleaguered stock. when the financial crisis hit in 2008, many investors were tearing their hair out, but not icahn. the state of the economy changes, but icahn's investment philosophy remains the same. as he told leslie stahl in march of 2008, carl icahn looks to pounce while everyone else is losing their shirts. >> the day we visited icahn enterprises, the stock market was swinging wildly, at one point, dropping 300 points. so has this been a bad day? this is not a great day. >> tough day, tough day. >> wow, this is beautiful. look

>> well, that's our edition of 60 minutes on cnbc. i'm bob simon. thank you for joining us. [ticking] [ticking] [birds squawking] >> corporations are avoiding paying billions of dollars in u.s. taxes by moving their operations to new tax havens, like the swiss town of zug. so here we are in zug. we went there to visit their operations. and we came to see your international headquarters. >> um, at the moment, my boss is not here, so... >> she said her boss wasn't there and we should call someone halfway around the world. in houston? >> yeah. >> not here? >> no. [ticking] [dog barking] >> you're watching a surprise early-morning raid, police in riot gear looking for counterfeit prescription drugs. and they found them everywhere. the police were led here by someone you wouldn't expect: john clark from the american drug company pfizer. this stuff is gonna get into people's medicine cabinets? >> unfortunately, yes. >> counterfeit drugs are ending up in millions of american homes. at this postal facility, the shear volume of packages of suspicious drugs is staggering, and this is

we speak to the ceo first on cnbc. after the break, we're joined by goldman sachs, chief global equity strategist. find out why he's bullish on the dax despite the disappointing german data coming up on sh show only. we'll be back in two. >>> did german economy contracts while france is slashing growth forecasts expand in the second quarter, pushing ten-year bond yields from both countries to record lows. >>> cisco's revenue forecast falls flat and the company finds another rounds of job cuts after it struggles to sustain growth. >>> electrolux is reportedly circling ge's appliance business, but the swedish firm says no comment to cnbc. >>> walmart is set to report second quarter earnings in just a few hours. investors are waiting to hear how the retail giant plans to jump start sales in the u.s. sxwla you're watching "worldwide exchange," bringing you business news from around the globe. >>> and we're just getting gdp data for the second quarter fort the eurozone as a whole after this morning's disappointment with reg

. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we're going to visit with a driving force behind the resurrection of chrysler. and later, hunt for the most expensive food in the world. but first, we begin with a story about the rapidly growing trade in fake stem cell cures. many people with incurable illness look forward to the promise of stem cells. stem cells have the potential to turn into any kind of cell, and in theory, they could repair damaged cells. scientists tell us that we are years away from realizing that dream. but conmen have moved in to offer the hope that science cannot. just look online and you'll find hundreds of credible-looking websites offering stem cell cures in overseas clinics. as scott pelley reported in january 2012, the 60 minutes investigation found something even more alarming: illegal stem cell transplants that are dangerous and delivered to your doorstep. >> i know you're tired. >> adam and brandon susser are 11-year-old twins. adam has cerebral palsy, his brain was damaged by a lack

. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we look at the life of tech titan steve jobs, the cofounder of apple, and we also examine the unexpected impact that one of his inventions, the ipad, is having on children and parents living with autism. in 2004, jobs asked walter isaacson, a former editor of time magazine, if he would write his biography. isaacson thought the request premature since jobs was still a young man. what he didn't know at the time, and only a few people did, was that jobs was about to undergo surgery for pancreatic cancer and was feeling his mortality. in 2009, with jobs already gravely ill, isaacson began the first of more than 40 interviews with him, the last being conducted a few weeks before his death. as steve kroft first reported in october 2011, the result was the best-selling book of the year. >> when walter isaacson first began working on the book-- which is published by simon & schuster, a division of cbs--steve jobs' wife, laurene powell, told him, "be honest with his failings a

. >> welcome to 60 minutes on cnbc. i'm steve kroft.n this edition, we meet two silicon valley billionaires a generation apart who revolutionized the world of computing and the internet. facebook ceo mark zuckerberg and paul allen, microsoft's cofounder. we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the entire web into one big social network. lesley stahl first talked with mark zuckerberg in 2008, and three years later, we sat down with mark again. he gave us a preview of his site's new profile page, a change that would affect the 500 million people who were then using facebook, an idea that zuckerberg had cooked up in his dorm room at harvard. >> when you first thought about this--19 years old--is this what you had in mind? did you see this far into the future, or is it way beyond what you dreamed? >> well, it's fun

a first on cnbc interview about bank of america's record settlement over mortgages. first we begin with the dow back above 17,000 and the s&pa 00 hitting a new record high one day ahead of the big doings out in jackson hole with fed chair yellen taking center stage. if the market is nervous what's going to happen out, there guys, pete, it sure is not showing it. >> it's not. >> back above 17,000 on the dow. s&p marching higher. nasdaq slow today but too at a 14-year high. >> monster moves out of transports and industrials, big rally there. out of chips as well. focus on big cap tech how that's trading the entire year and going into the last week. look at intel, microsoft. obviously hewlett-packard. meg whitman, great interview earlier talking how they're going to grow. looking at security, at the cloud. a lot of reasons to be excited about technology now. it's not just about technology. that's one of the major themes. you see energy maybe pulling back a little here and there. that's far more close tied in with the whole geopolitical, but the financials as well. looki

finazo, andrea day, cnbc. you made $20 million legitimately, did you feel the need to steal $25 million more? he seemed to have it all. he was the number two man at aeropostale and the ceo trusted him to take the company public. how did it go so wrong? according to prosecutors, one month into his gig with the teen retailer, finazo hatched a plan with his friend douglas day to make them both very rich. how greedy are you? investigators say the plan was simple. they would have day start up a t-shirt company called south bay and sell the goods to aeropostale. the two agreed to split the profits but keep finazo's name out of the deal and the cash poured in. investigators say finazo funneled a cool $350 million in t-shirt and fleece orders to south bay. in return, he got more than $25 million in kickbacks. u.s. attorney eastern district of new york loretta lynch. >> he made more in kickbacks than he did in salary. >> she said the two friends were unstoppable. day made around $25 million. prosecutors told the court

cnbc reports at the start of trade. >> i've been watching nasdaq ipos roll in.ht the opening was very smooth and the trading has been moving orderly. it's been moving up. i have to agree with daftd about certainly the opening looks successful, at leave the. >>> welcome back, everybody. these are the headlines this hour. europe keeps the relief rally rolling on as investors watch a break in geopolitical attention. bhp rocks the trends after announcing a $14 spin-off. >>> and peaceful protests turn violent as unrest continues in ferguson, missouri, overnight. joo president obama appears to be arranging a number of deals that could become all the rage in corporate america this year. hampton pearson joins us from washington. good to have you with us here. so the president seems to be increasingly frustrated with the bipartisan approach. what can he do if he wants to go it alone? >> specifically, the u.s. treasury department is putting together a list of options for secretary jack lew to consider ways to halt or prevent u.s. companies from reloengting overseas, prima

welcome to "squawk box" here on cnbc.ecky quick along with andrew ross sorkin and michelle caruso cabrera. joe is off today. we've been watching u.s. equity futures and they have been trading higher at least as of this hour. but the day is young. there are a number of potentially market moving economists, economic events on the calendar. you can see right now, the dow futures up by about 35 points above fair value. pay attention to europe today. the ecb is meeting and a policy decision is due at about 7:45 eastern time. no change to rates is expected. but ecb president mario draghi's news conference starts at 8:30 eastern time the and it will be important. market watchers will be listening for his xlents on recent signs of weakness in the eurozone and his take on geopolitical threats which obviously have been front and center the last few weeks. the bank of england holding a policy meeting today. a boe decision is due in just about an hour's time. >>> a major european market in the early trading, you c

you're watching cnbc first in business worldwide.rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. >>> welcome back. americans racking up auto loans at a record rate but they are biting off more than they can chew with the loans. phil lebeau has the details first here. hi, phil. >> these are numbers that will get people talking about whether or not the subprime market is truly hitting a point where people are going to say, um, things need to slow down a little bit. this is from experian. this is second quarter analysis of loans in the second quarter. look at the repo rate, up 70%. 60 days late, delinquencies up 7%. the average default, the average loan that is defaulted upon, $8100. when you look at what's going on in this market right now th

back to you. >> courtney reagan with cnbc.hanks. >>> now your nbc 10 first alert weather. >> clear skies this morning. bought full day yesterday after that rain on saturday and look at this view. that's a life view from center city. not a cloud in that sky. >> 64 degrees here at nbc 10 and cooling, bright sunshine is on the way for today. heading out the door, jillian mele is watching roads. >> good morning, bill. if you're heading out the door in chester county, you're in luck. this is a look at the route 30 bypass. this is near 340. same situation on route 100 and route 202. >>> one traffic issue out here in montgomery county because of this breaking news we're following this morning. a deadly crash in hatfield township. >> nbc 10's katy zachry is live on scene. katy? >> that's right. several police agencies are on here on scene investigating this crash behind me. i'll have more information coming up after the break. >>> and happening today, the dragon wagon rolls on to new york. mo'ne davis and team will be featured on the

cnbc has more. meg? right, i'm here at the headquarters in cambridge, massachusetts where in a couple hours, joined by dozens of researchers on the als team, the lou gehrig's disease. this affects 30,000 americans at any given time, and there really are not any cures or any good treatments on the market. biogen is working hard in the space. we'll be joined in a couple hours by a few dozen other researchers to take the challenge involving a couple dozen of these dumped on their heads. we'll see that. this is a challenge that's swept the nation. president obama has been issued a challenge. we'll see if he takes it. the als association says they raised 2.3 million from this since july 29th when it began. that compares with $25,000 raised in the same period last year. this is raising awareness and funds. back do you. >> are you going to do it? >> reporter: we shall see if i'll do it, and we'll see if your favorite cnbc faces might take part in the challenge. check that out on "halftime report" later. >> what

abigail dolittle is a cnbc contributor. first let's talk about ge. credit suite says steady growth will help the overall profit mix and the target here is 30. i think that stock is what? in the mid 20s now? that is not a huge move but a 20 something percenter, what do you think? >> tyler, i am absolutely unimpressed by this call. this reinitiation you talk about only 15% up side. the analyst is not enthusiastic. possible shift later this year on events and makes note of the fact that earnings reductions this year have hit the stock and held it side ways over the last year. i expect this to continue. there is strong resistance near 27. maybe the stock makes it back up there but i fully expect resistance to bounce back down. over the long term i think the stock is going to be bearish. i think this is a sidelines for most investors and possibly take profits up here. >> a long time since the stock has been in the 30s. let's move on. >> really been trading side ways. >> expecting home depot and lowes to deliver 3% to 5% same store sales expected to be hel

cnbc heard reports that bank of america will pay to set al probe into the sale of toxic mortgages beforehe financial crisis. now the deal isn't final, it could still fall apart, but reports say bank of america will pay $9 billion in cash and the rest in assistance to struggling homeowners. it comes after a phone call last week between bank of america ceo and brian and u.s. attorney general eric holder. futures are higher for stocks fell flat on wednesday. weighing developments in ukraine and two mernler -- merger deals that derailed. we'll get data oon unemployment and -- on unemployment and consumer credit. dow rises and nasdaq up two points. well barnes and noble it is teaming up with google to take on amazon. book buyers can get same day delivery through google shopping express service. unlike amazon which relies on where houses. they rely on air courier. scott, we tested it out at cnbc, it's a cool service. >> i use it maybe twice a week, i love it to death. >> wow. we need to go shopping. >> cool. >> you notice you need tooth pat, iphone, go for it. >> earrings. >> i can do that. >>

welcome to "squawk box" here on cnbc. happy friday. i'm becky quick along with joe kernen and scott wapner in today. andrew ross sorkin is on vacation. we're going to have a lot of cuts throughout the show. first let's get to the morning's top stories. wall street waking up to green arrows this morning after stocks closed at august highs yesterday. u.s. equity future at this hour look like they are indicated quite a bit higher. dow futures futures up more than 52 points above fair value. we're going to check out today's docket. we'll be getting july's producer price index. we'll have august empire state survey. geopolitics once again dominating global market headlines. here is the latest on the situation in ukraine. ukrainian officials are inspecting a russian aid convoy parked just beyond its border. the developments suggest easing of tensions over the shipment, but it could be short lived. nearly a dozen personnel carriers showed up. nuri al maliki stepping down amid pressure. the it's still plans to target terrorists on the ground.

more on cnbc. certainly a fascinating corner of the market. >> interesting. >>> see ya later, jon. >> yep. good seeing you. >> we'll be in touch. jon steinberg, daily mail north america >>> bring in simon hobbs counting down the european close in a few minutes. >> check out the bottom right-hand corner of i don't are screen. shrinkage in the greece economy, 0.2% in the second quarter. a quarter of the greek economy destroyed since 2008, but they now have a primary budget surplus running at three times target. the rest of europe will be very happy with that. that's where the good data ends. deflation is accelerating in spain. 0.4% year on year. you would have deflation of 0.3% in france for the year, but for the fact that cigarette prices are higher, and overall industrial production for the eurozone having contracted 1.1% last month is now down another 0.3%. that said, the equity stock market rising today for all the reasons we usually discuss. like central banks, plus the fact that some of the com

>> welcome to 60 minutes on cnbc. i'm bob simon. even though fraud played a significant role in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. in this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. later, lehman brothers bankruptcy investigator anton valukas shares his findings on the collapse of the giant investment bank where no senior official has ever faced charges in the biggest bankruptcy in u.s. history. but first we begin with a nine-month 60 minutes investigation looking for wall street cases that might have prosecutorial merit. in december 2011, steve kroft reported on two such cases. we begin with a woman named eileen foster, a former senior executive at countrywide financial, one of the epicenters of the crisis. >> do you believe that there are people at countrywide who belong behind bar

good morning and welcome olav to "squawk box" on cnbc.ross sorkin along with kayla tausche, brian sullivan is here. our guest host harry wilson, founder chairman and ceo of the mayva group. we're going to have much more with him. if i was joe i would ask if you brought us diamonds. the harry winston -- that's the joke and that's -- that's the point. >> you've got to carry on the tradition. >> first, though, let's get you caught up on some of the market action. futures right now, see how things have set themselves up after the weekend. dow looks like it would open up higher about 69 points higher. s&p 500 up close to six points higher and the nasdaq up a little bit, as well. 12 points. if you take a look at the ten-year you can see there 2.493 is the number. also tell you about some of the headlines, mcdonald's planning to restore its full menu in beijing and some other china cities this week. it had to scale back its menu following a food safety scandal involving one of its key meat suppliers. the scandal is also affecting other u.s. rest

cnbc susan lee is here today. welcome. >> it's great to be here. >> it's in my contract i don't anchor with anybody who is not named sue, susy or sue. so you made the cut. >> thank flew we start with changes and problems in lending, a key driver of the american economy. diana olick is reporting on changes in the market, but first phil lebeau on a big problem when it comes to borrows in the auto second ovmt. >> in the future when it comes to the auto industry. others are say there's an up tick here, but let's not get carried away. more than 70%, there was also an increase when it comes to 30 and 60-day delinquencies. it's the subprime markets, that's what -- the auto loans surges in the second quarter. 19%, oh, my goodness, that's a lot? it's not as much as it was in the recession. 22, 23%, that's why when you take a look at shares of the auto maker, people are saying, keep an eye on the subprime auto loans. under the delinquency rate, he tried to say as well as the people who had their vehicles repossessed. it is

back to you. >> thanks, dom. >>> when we return, if you've been watching cnbc this week you've seen me, scott wapner, ceo of twitter, dick courtlow, all take the ice bucket challenge for als. so far the association has over $7.5 million in donations. last year, just over $1 million. we'll do our part to keep it going. you'll see the challenge a little bit later right here on "squawk alley." and legere's challenging fellow ceos to give more. just tweeted he'll donate $100,000 trying to get nine other ceos to do the same thing. >>> first up, rick santelli, what are you watching? >> i'm watching gdps, around the globe, but we're going to pick out the important ones. the ones that use a lot of this. we're going to discuss what that means for the united states, because on a relative trailed we all know we're better, but what does it mean for the global economy? and more important, what does it mean for interest rates? all after the break. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options.

because we are cnbc, we look at the stocks that can piggyback on that. have accepted the ice bucket challenge from michael erickson. that's going to be on our show. make sure you tune in. join in. do whatever you want. make sure you tune into "street signs" top of the hour, two minutes' time from now. "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you use it, you're not just shopping for goods. you're shopping for something great. learn more at buypowercard.com frothere's no reasonn average 17 we can't manufacture in shuthe united states. here at timbuk2, we make more than 70,000 custom bags a year, right here in san francisco. we knew we needed to grow internationally, we also knew that it was much more complicated to deal with. i can't imagine having executed what we've executed without having citi side by side with us. their global expertise was critical to our international expansion into asia,

cnbc was sclus hely invited into buckingham palace. asked about what he thought about opening up the palace to various ceremonies. >> there are events that benefit charities or benefit organizations that take place here all the time. and they are just part of the routine. and the receptions that go on here recognize usually the people and organizations who have played a part in society and the it's very important that those people and organizations are recognized. >> it must be extraordinary for the young people coming into the palace to meet yourself, her majes majesty. it must be incredible. >> it comes back ta your thing about normal again or my thing about normal. >> it's normal for you. >> it's my mother. how would you greet your mother? exactly the same way i greet my mother. yes, i want, there is huge excitement. and i'm led to believe most people the first conversation they have, they have no or never have any recollection of. >> it's a very good question, isn't it? how would you greet your mother. aston ya joins us now, call h

coming up, we will be speaking first to cnbc to st. louis fed president james bullard taking place at 1400 cet. at mid time, 1800 cet, we'll be hearing from atlanta fed president dennis lockhart. we've got figures from the fed, the ecb, the bank of england, the boj, all speaking today from the jackson hole symposium. >> we need 20 check in on the european markets. we're flat as a danish pancake. i call this a flat start to the session, as anticipated. as i said, we have no economic data out. we're digesting the data we saw in here yesterday, the weaker pmis, the weaker retail data, the chinese manufacturing data this week. what goes up must come down, as well. i would call these markets flattish. looking at the debt markets, what's going on in bonds, buying across the board, pushing yields a little bit south. things are below 1% now again in the ten-year bund. that might be something you want to take note of once again. currency markets with the euro/dollar, 1.3287. so pretty much the same story as what we were looking at. yesterday. w

get all your business news on cnbc. >>> a daytime curfews in one town is aimed at keeping kids off the street and in the classrooms. we will tell you what happens to kids that get caught breaking that curfew. >>> it's five pheupz until 6:00 a.m. on your saturday morning. we may not see the sunrise this morning because of clouds moving into the philadelphia region as we take a live look over the city. 67 degrees and we will see rain passing through here within the next couple of hours. meteorologist, tedd florendo, says saturday will not be a washout, though. it will be cooler than usual with highs in the 70s. >>> a new daytime curfew will go into effect when the kids return to school in west reading, and that means kids caught skipping school could be fined by the police. the chief of the police department tells nbc 10 allows the officers to take action when they see kids roaming around on school days. >> we are not asking any school district to provide a list of people that are chronically absent students and we are not going door to door to get students absent from school. >> he says

cnbc and simon, i accept.make a few challenge of my own starting with my high school buddy and cnbc reporter josh lipton. after that, shaun white. finally -- what the hell. brad pitt. let's do this. >>> oh, you just knew gopro would do it well. that's gopro ceo nick woodman. my ice bucket challenge for the charity. you just heard nick challenged a reporter on the west coast, josh lipton, and now it's mr. lipton's chance to accept that challenge. good morning, josh. >> good morning, simon. yeah. you heard nick throw down that challenge. so, nick, i accept your challenge, and before we get to this, so three challenges of my own. how about right here, ebay's ceo john donahoe, you are challenged. in cooper toup cupertino, apple jack white, playing shows this weekend here in san francisco. with that, my producer, justin soloman, will do the honors. whoa! good grief. that's cold. thank you, nick. guys, back to you. >> yeah, not a lot of ice, if i may. some of you went through this. not a lot of ice. looked a bit lik

a first on cnbc interview about bank of america's record settlement over mortgages. dow back above 17,000 and the s&pa 00 hitting a new record high one day ahead of the big doings out in jackson hole with fed chair yellen taking center stage. if the market is nervous what's

oh 4 >>> all this week asking the cnbc audience which start-up would you fund?hand, actin smart skates, or nude audios pocket bluetooth speaker. the tech crowd leader of the week, nudeaudio. the ceo is with us, tom donerich. congratulations. >> thank you very much. >> so you did win the contest this week and raised seven times the money on kick starter than you initially sought. what is it about your product that made it so popular with potential investors? >> the response has been absolutely phenomenal. completely blown us away. humbled us. our product and brand we put the whole thing together over the last couple of years. the idea making a better quality speaker in a simple way. putting more money into the acoustics with minimal stein. people have fallen in love with the design, product, design, the way it sounds. i have one here, which you can see. so, yeah. 5.5 thousand new fans, customers that have bought or product and still six days to go to pick up more backers. we're just -- so much fun running this campaign. just awesome. >> what's driving sales? new

aentrepreneurship around the country, they join us first on cnbc.phone, colorado democratic congressman jared polis and joined by california republican darrell issa chair of the house oversight and government reform committee. gentlemen, good to have you today. >> well, thank you. >> thanks for having us both on. >> and covering this month-long tribute, if you will, to start-ups. >> we're excited to see what you have in store. i'll start with congressman polis, who joins us on the phone. you started a company, sold it to liberty media about ten years ago. i'm wondering what you thought was ripe in the environment then for auentrepreneurs like yourse missing from today's dialogue? >> one of the reasons that represent issa and i put this together was to get 30 members of congress to visit start jurps in their district. there is a lot more going on. better support and more accelerators and incubators when i started in the mid-80s, ice li isolated and alone. today we want to help take them to the next level. >> congressman issa, is this the beginning of

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welcome to "squawk box" here on cnbc. becky quick along with andrew ross sorkin and brian sullivan who is in for joe. he's still on vacation this week. coming up, the best day in two weeks. the dow closing higher yesterday for the first time in five sessions. this morning, if you check out the futures, they are slightly lower. dow futures down by about 26 points below fair value. s&p futures are off by 3.5 points and the nasdaq is down close to 10 points. for the markets today, another round of earnings. before the bell, we'll hear from adm, liberty media or coach. this afternoon, disney, take-two interactive and more. july ism manufacturing is expected to tick up. june factory orders are expected to rise, as well. >> thank you, becky. and welcome back, by the way. in corporate news, remember the boeing battery problem that grounded the dream

i'm tyler mathisen at cnbc headquarters in for bill griffeth.oring mid-august day for the markets, not at all. merger and takeover news along with relative calm, apparently, between russia and ukraine helping to take the market higher and in a big way. >> yeah, dow up 167 points. as art cashin put it earlier, this is what geopolitical risk-off looks like, because it's not just stocks responding

. >> if you are a listener, you can sen us a tweet at cnbc options to get your voice heard. for everything action, it's optionsaction.cnbc.com. there is water coming up next. >>> coming up, will this pan make you big profits on netflix? >> all right. hit it. >> mike's got the cosby trade and we'll tell you how to trade in. plus. >> how'd that even happen? >> good question, elan, despite bad news, they're at an all time high. we'll tell you how to play it when "options action" returns. [ bell ringing, applause ] five tech stocks with more than a 10%... . sweater, extra sweater oh and this is the xfinity tv go app. he can watch live tv from over 50 channels and xfinity on demand movies and shows wherever he wants. have fun, make some friends. alright? did i mention his neck pillow? (blowing) ♪ >> okay. welcome back, everybody, don't look now, tesla las an all time high this week. i was so surprised i had to walk over here to check it up myself up close and personal. i guess it's working out. does the run continued, what does it stall? >> one of the things real interesting to m

she is the lovely girl at the cnbc headquarters.deal could be big for them. >> definitely a very interesting deal, louisa. coke is buying a nearly 17% stake in energy drinkmaker monster beverage for more than $2.1 billion in cash. the transaction is expected to close late this year or in early 2015. coke gets the rights to two -- this deal includes full throttle and power play and will transfer additional brands such as sweet tea to coke. coke has the option to increase its stake to 25%. now, in a conference call, the ceo declined to comment on whether he would by more or all of monster which has lon been the subject of takeover rumors. for coke, the deal is an opportunity to expand its presence in the manager drinks tore a $27 billion global market. monster t leader of a 42% share. last month, the company said second quarter renew was flights. interesting. >>> consumers opt for bottled water, juice and caffeinated drinks. now, earlier this year, coke moved further out of its comfort zone buying a 10% stake in single serve coffeemak

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the ceo with us fufirst on cnbc. after the u.s.raded, we are back on the network to defend the call. "squawk on the street" is back in a moment. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. e financial noise financial noise financial noise financial noise >>> media giant announcing to split the business into the owner of the usa today separating the broadcasting and digital businesses from the publishing division and announcannounce ed deal to buy a portion of cars.com, but it didn't already own, the price tag on that deal, $1.8 billion. joining us is the president and ceo of gannett. good to have you this morning. >> thank you very much. >> it's a popular move in the

morgan brennan has the cnbc business news. >>> good morning, tracy. well, americans may be more pessimistic about the economy now than they were when the recession ended in 2009, that's a new study from rutgers university. 71% felt that the recession inserted a permanent drag on the economy versus 49% that felt that five years ago. that's despite a rising stock market and falling unemployment and subpar growth has eroded confidence. 72% say they have less savings. only 7% say they're significantly better off. tracy, back to you. >> morgan brenner with cnbc, thank you. >>> it's going to be significantly more comfortable today, as dry air takes over, the wind is blowing this morning. and you can see that wind blowing, the flag atop the aramark building in center city. right now, 74 degrees at nbc10. i believe the traffic is looking good. jillian, what's going on? >> it's looking great at the blue route. this is a live look at 76 right near route 30. no problems with drive times. as you see, looking good. things are clear on the blue route. in just a few

get all your business news on cnbc. >>> a thief takes aim at a local construction site.the suspect did once he realized he was caught on camera. >>> five minutes before 6:00 on this saturday morning. 64 degrees in philadelphia as we take a live look at the horizon. the sun getting ready to rise. our camera here on top of the comcast center in center city. looking at another gorgeous day. temperatures in the mid 80s in the city. >>> philadelphia police are hoping you recognize the man in this surveillance video. he's accused of stealing $2,000 worth of construction equipment. the video shows the man climbing through the window of a home that was under construction on north 11th street in spring garden. the video is from tuesday afternoon. the property owner tells us he thinks the suspect left after the theft but then came back to destroy his surveillance systems. >> he's brazen. daytime. 4:30 p.m. people are still walking around. he was walking in and taking the material like it was his own material as a contractor. >> the property owner says even though his surveillance

eastern time here on cnbc. meantime, we're heading to the close. 18 minutes left here. gordon charlop called it, imbalances were to the buy side and we've come back, the dow down 132 points, well off the low right now. >> and after the close, disney will release its results, and ceo bob iger speaking with us shortly after that in a first on cnbc interview you won't want to miss. >>> also on the docket, more earnings. activision blid blizzard, groupon, zillow among others. dominic chu will have those numbers to watch coming up. from 2000 to 2011, on average 17 manufacturers a day shut down in america. there's no reason we can't manufacture in the united states. here at timbuk2, we make more than 70,000 custom bags a year, right here in san francisco. we knew we needed to grow internationally, we also knew that it was much more complicated to deal with. i can't imagine having executed what we've executed without having citi side by side with us. their global expertise was critical to our international expansion into asia, into europe and into canada. so today, a customer

only cnbc is looking at that for you, and it is coming up next. stick with us. >>> the escalation of the ukraine crisis is weighing on the markets today. at one point the do you was up by 61. now we are firmly in the red. we have been tracking russia media to get a very close look. joining me more is zena. >> you would think this -- the main story was the exact opposite. during a 30-minus cast, on the 20th manipulate there was a mention of the alleged confrontation. they say there's no military convoy in ukraine, no surprise there, the security service saying there's no russian troops. but what the russian media is focusing on is what they call a humanitarian catastrophe in ukraine against russian speakers there. there are russian speakers living in many countries in the world, not just in ukraine, so them using that as a guise to go into possibly to intervene is scary stuff. >> really playing up the humanitarian side. immediately moscow sudden ukraine was trying to sabotage the delivery of aid. >> the russian media is focusing on saying, like, we

cnbc's geoff cutmore joins us. what are we watching this tuesday? >> good morning you to, thomas. the remarkable thing is we've had the best back to back two-day gains for the dow in about four months here. but it doesn't feel like that at all. there's a lot of nervousness around in the markets. particularly when it comes to some of these gee yo political stories. so traders are keeping their fingers poised over the sell button. but this he do want to try and accumulate stocks as they see signs that the u.s. economy is getting better. so the early thoughts are we're going to have a better trading session for the u.s. and we've also got some important retail stories to come through the rest of this week. so probably that will give us another reason to be more positive going forward this week. but as i say, those fingers are hovering over the sell button. i just want to talk about apple for a moment here. you're going to get a lot of news flow around apple as we run up to this new launch of the iphone six. this story though is about the tablets and apparently the suppliers are sayin

seema mody is live with cnbc's business news. explain what's going on, seema?cy, burger king is dropping it's low-cal satisfries. burger king has been suffered lately. only about a third plan to do so. tracy. >> i'd say make up the calories elsewhere and have the real thing. seema mody with cnbc, thanks. >> there you go. >> announcer: now your nbc10 "first alert" weather. >> and temperatures expected to stay below average for us. plenty of sunshine to start. we will see clouds increasing. a slight chance of sprinkles but there's a live look outside at the comcast center. the sun is coming up and we're starting to see below average temperatures as we head into the rest of today. jillian. >> good morning, brittney. the weather looks nice and roads as well. 255 and the blue route, 53 and the northeast extension a live look at the route 30 bypass for drivers in chester county that is also clear. >>> yesterday it was cheese steaks and crab fries and historic sights. and today, philadelphia is again putting its best foot forward. >> nbc10's jesse gary is live in cent

the company's ceo speaking with cnbc after the conference call.ear what he had to say about mixed results when "squawk on the street" returns. for over california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. >>> welcome back, stocks plummet after missing earnings and forecasts by, well, a mile. the company processed 770 million pounds of fresh poultry in the quarter, that's 44 million less than it had predicted in may so that stock is trading down more than 7.5%. guys, back to you. >> morgan, thank you. best buy posting mixed results as store traffic declines sending the stock down more than 6% as you see. we spoke with the best ceo about the resul

the other big story, cnbc has confirmed reports, sprinting dropping its $32 billion bid to buy t-mobile in the u.s. as the challenge to get regulatory approval was too steep. last week, the s.e.c. proposed rules to keep the companies from bidding together. sprint, which is controlled by japan's softbank was replaced with telecom entrepreneur marcel who has no wireless network experience. sprint, down by a whooping 15%. t-mobile u.s. down by 7.3 and deutsche telekom shares, a parent company, down by 3%. reports say t-mobile will reject a takeover bid from iliad today. allen moore joins me on set. just in calm of hours, deals worth $100 billion have fallen through in the united states. does that worry you in terms of risk sentiment? >> no, it doesn't. this year we've seen a large increase in m&a. 89d obviously, these two are for different reasons. the rules in the u.s. are a lot different than elsewhere regarding m&a. >> do you think that valuations in the stock markets are simply too high because many of these deals are simply falling through. >> a lot of markets have gone up a long way

>> right here on cnbc. >> but it will still be -- >> i imagine they'll be citing cnbc in just a minute>> these guys go to graduate school, they get an mba from harvard, these investment bankers. >> right. >> so, some guy thought, dollar tree. he looked around for another dollar -- he brought this to management and they said, you know, we hadn't -- that's a pretty good -- how do you think they figured this one out? how did they come up with this? doesn't this seem kind of -- they're all named dollar, right? >> there's a lot of bankers in here. >> i'm sure. >> citigroup. >> but it's so -- you know, did someone really have to think about this and come up with this? weren't you thinking maybe they would happen, that the other dollar store would come in here and -- >> people thought they might, but actually, the expectation was they wouldn't. nelson peltz is the one who actually bought into family dollar. he was the smart guy. >> where's icahn? he's somewhere -- >> family dollar as well. >> that levine guy's been on, because when i saw him, i remembered him because of the head. >> yes. ther