then it's going to keep a lid on commodity prices.r is not there and turns into another one of those currencies we think might happen, then buck the your seat bells and be loan commodities, jack. >> have a agreed weekend. >> twister is not is there skepticism. we've got a lot of other tech topics, coming up. did you know a ten-second test could help your business avoid hours of delay caused by slow internet from the phone company? that's enough time to record a memo. idea for sales giveaway. return a call. sign a contract. pick a tie. take a break with mr. duck. practice up for the business trip. fly to florida. win an award. close a deal. hire an intern. and still have time to spare. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business. built for business. >>> three big tech names in the news today. let's dig deeper. roger, great to have you with us. i've got to start off with twitter. we're seeing a strong bounce in the nasdaq composite today. twitter is the notable laggar

is.ell, it for commodity prices, when we rice change in agricultural commodities, prices moving belowproduction, and those farmers are going to hoard, not send it to the market, so you have that happening. plus, the potential bad weather impact ahead of the harvest, and i think conditions are set for quite a good upside return on risk potential in agricultural commodities over the next few months. >> thank you. we will be back with him after this break, so i just want to tell you what we have coming up. releases official election results, and look at the big stories we are following for you this week. ♪ ♪ >> all right, you are back with "on the move." you what is on our radar for this week. we are expecting the official indonesianm the elections on tuesday, and according to unofficial websites, tallying those results have one man ahead only by a narrow margin. and expecting to release a new product tomorrow, will it be a success to the smartphone for xiaomi? and china may see it second debt default wednesday. toy have said they may fail pay $60 million in bills. the roads biggest corp

there are certain commodities where prices may stop. if livestock holders cull their herds, prices may drop in the short run but in the long run this is not good news for the consumers. this will lead to rising prices not just in california but nationwide since california produces so much of these commodities. >> professor of agriculture and economics at the university of berkeley. professor, thank you for being with us. >> thank you for having yes. >> you're welcome. >>> vying for the honor of hosting the olympic games. other cities are saying thanks but no thanks. >>> and how the funding crisis could put th the brakes on roads all over america in just a couple of weeks. >> tonight on al jazeera america, at 8, primetime news, >> what concerns you the most? bringing you the latest headlines from around the world >> you can really feel the tension here... then at 9, it's america tonight in depth reporting from coast to coast >> would it be dangerous for you go about three blocks that way? >> i wouldn't go by myself... >> at at 10, consid

there are certain commodities where prices may stop.f livestock holders cull their herds, prices may drop in the short run but in the long run this is not good news for the consumers. this will lead to rising prices not just in california but nationwide since california produces so much of these commodities. >> professor of agriculture and economics at the university of berkeley. professor, thank you for being with us. >> thank you for having yes. >> you're welcome. >>> vying for the honor of hosting the olympic games. other cities are saying thanks but no thanks. >>> and how the funding crisis could put th the brakes on roads all over america in just a couple of weeks. >> there are now three contend contenders vying to host the winter olympics in 2022. they have narrowed the list to oslo, beijing and kazakhstan. the three finalists were named by default. a lot of cities dropped out of the race partly because of how expensive it has become to host. but that is not deterring american cities hoping to get the 2026 games. melissa chan look

it's the world's most traded commodity. inside the coffee business and how the gourmet buzz creates opportunities for entrepreneurs. >>> later, traditional iras and roth iras. by the way, you can find us on facebook. facebook. havebook.com/otm. seen... >>> the $32 billion u.s. coffee industry is getting a jolt. >> for the first thing we're going to do is weigh out the coffee, 30 grams. >> with specialty coffee it's all about the craft, precision, detail, and flavor. make a cup of artisal coffee is more about the grind and consumers are buying it. 37% volume share but 50% value share of america's coffee cups. as coffee transitions to the best part of waking up to affordable luxury, brett smith joins us, president and cofounder of counter culture coffee, a national wholesaler and roaster of craft coffee. thank you for being here today. >> thanks, beckbecky. >> we've been looking at the numbers. more than 60% of americans drink coffee every day. that is more than any other beverage besides water. where does specialty or craft

. >>> up next, we're "on the money" the most 'valuable commodity in the morning. inside the coffee business and how the gourmet buzz creates opportunities for entrepreneurs. >>> and later, we demist >>> what are you doing today? >> talking to the computers. photos, work files, you name it. >> in a few hours! >> you get everything backed up. >> took care of it. >> you don't have to do it. try it for free. >>> in new york state we're changing the way we do business with start-up new york. we created tax-free zones throughout the state. and start-up new york companies are investing hundreds of mms of dollars in jobs and infrastructure. thanks to start-up new york, businesses can ooirpt tax-free for ten years. no property tax, no business tax and no sales tax. which means more growth for your business and more jobs. it's not just business as usual. see how new york can help your business grow at start-. >>> the first thing we're going to do is weigh out the coffee, 30 grams. >> with specialty coffee it's all about the craft. precision -- retail -- and flavor. make you

coming up, we will look at commodities.l explain why you can beat -- what your beef fourth of july barbecue will cost a little bit more. this is bloomberg surveillance at bloomberg television. ♪ >> good morning, everyone. good four-day work week morning. it is bloomberg "surveillance." tom keene with adam johnson and alix steel. bill gross will join us on bloomberg radio. the quality of the guests are what matter here. here is adam johnson with top headlines. >> more violence in israel overnight. militants have launched over one dozen rockets into israel. no reported casualties, though. the palestinians are accusing israelis of revenge after the bodies of three teens were found at the west bank. peace talks brokered by germany and france. the germany foreign minister says the latest fighting in eastern ukraine has reached a dramatic wimax in recent days. earlier this week, ukraine resumed an offensive -- a dramatic climax in recent days. president obama has taken a shot against the wall street trading. the president said th

we had been under commodities now. now neutral commodities, divvied up. hedging bets a little on that. on a day like last thursday, hard commodities are doing better than commodity equities. like today, commodity equities are outperforming hard commodities. >> curious. at what point do you look back at the small caps? see the underperformance. russell 2000 down on the year. the s&p um 6% almost 7%. at what point do you flip some of that position around with small caps and it becomes the buy again? >> you know if we saw the valuations come down significantly, absolutely, we'd question them again. one of the things thatic mas trimming small cap hard, because we believe the u.s. economy has momentum. and generally small -- telling you guys something you know, probably have written about in many books. in general, you get momentum -- >> don't jump to conclusions. >> the small cap will leverage the growth momentum better than the large. >> waiting for scott's book. >> that's coming. playing this balance. what's more important? valuation, the inflation, or the

the overwhelming consensus in the commodity side is that milk prices are going lower.re's where your opportunity comes in. the analysts who cover dean foods, who try to forecast what the company can earn, they're not commodity guys. they're equity analysts. and their models, what they think this company is going to earn, are very much behind the curve at this moment. how behind? the analysts who follow dean are modeling $25 milk for the rest of 2014 and for 2015, after what i just told you, come on, that's insane. if the price of milk can drop back to normalized levels, like the commodity experts are predicting, then that would boost dean foods' earning power by 30%. so as milk prices fall, i expect the analysts to play catch up, raising their earnings estimates over and over and over again, with each incremental decline in milk. and that's something that could send the stock ever higher. remember, higher estimates that are beaten produce higher stocks. all that said, dean foods is not the kind of stock i would ordinarily recommend here. sure, we caught a big gain in t

not caused by government borrowing or money printing inflation is caused by shortages in central commodities in the united states in the seventy's was principally oil shortages the drove inflation more recently in zimbabwe it was food literally food shortages intentional hyperinflation in germany in the one nine hundred twenty s. it was an anomaly it was really simply a screw you response to the treaty of or saw it which imposed on issuing debt on germany for war one and which back then before the treaty was signed john maynard keynes warned would provoke the next great war. and keynes was right and the conventional wisdom among international policy makers was wrong. history and the examples of germany and scandinavia right now shows that high levels of unionisation trade and taxation policies that favor the working class over the rich and heavy regulation of the banking and speculative industries will build a strong and healthy working and middle class and thus a strong and healthy economy. instead the united states and much of the e.u. still cling to fatter nomics and reaganomics and the r

however, a reference price that is sent each day allows commodities, gold as a commodity and currencyo work from. if you agree to the contract linked to certain prices and having that fixed price as a reference is very useful. >> we do not have an oil fix, why do we need a gold fix? probably a historical think we are looking at. >> of foreign exchange commodity. a 24-hour trading culture. we need a good time to look at how it is done and whether we need to trade back. >> it will be fascinating to see what the world gold council is doing. it will probably evolve. it has been going on for nearly 100 years. >> evolution, not revolution. what about the price of gold at the moment? what you see the drivers? has been veryrket difficult for the past couple of years. low.ve had the price at a bubbling away toward the top of the trading range. the fiscal market has been fascinating. very strong and supportive uprising of central banks. more than they have done in the past few years. we a competitive elections. china was incredibly strong last year. 100 tons a month. into 2014. production has f

so the good time is over in terms of commodities. >> agriculture commodity res naturally cyclical.y much they're the biggest driver in most of my job is monitoring weather and weather is naturally erratic. and i think like we talked about the cocoa story, the el nino and the dryness there, we're siegel nino risks with sugar. but with every weather events, there's positives and negatives. certainly the positive is cooler than normal conditions. and the reaction to that now, near perfect weather conditions creating a great environment, increasing a huge crop to the u.s. this year. >> we'll have to put you in contact with our weather man after this when he's finished with coastal cover aemg. you're heading off to the midwest soon. you make the point to us that farmers have the ability to expand margins. which seems extraordinary to me because when you speak to any of the major retailers, the super market giants, they're still facing the price with the consumer, which means they have to extract as many costs as they can. it seems strange to hear. farmers seem to have the ability to rep

for us, coatings in all markets is always a speciality market, it is not a commodity market.ion, real technology development. always a high service component. coatings are an important value added for all of our customers. we feel, especially in high technology markets like aerospace or automotive oem that we have been bringing a lot of technical innovation to bring new value, better corrosion protection, better consumer colors for exteriors, so we can add a lot of value for a very low cost benefit. we think we are a technology and innovation-driven company. >> it really does work. that's why i tell people, you hear about the kind of basic plain vanilla things they make and they are not plain vanilla, which is why you've done such an outstanding job. chuck bunch, chairman and ceo of ppg. thank you, sir, for being on the show. outstanding quarter from ppg. this is an amazing company that just keeps delivering and a lot of it is because the man you just saw is so bankable, chuck bunch. stay with cramer. >>> trying to bring you the news about stocks. google did report a good qua

let's get more from the commodities market.modities the into the close, particularly want to focus on oil. wti up 2%. experts tell me you have got to ignore part of this move today. u.s. oil is not going to move on any incidents we are going to see from ukraine, because of large refinery runs at the highest levels since 2005. pivoting to branch, where you will see much more impact, it is much more muted than you would have thought, by half a percent today. overall analysts say that there is capacity and opec will step up with exports of oil is lost. we have oil coming online from libya, supposedly. the issue will be if the companies in russia are ever affected like exxon, slumber j, halliburton. rounding it out, you have to take a look at u.k. natural gas. that rose to the highest level in the 2 weeks on not only the sanctions, but the jet crash we heard about earlier today. russia provides europe with about half of its gas imports and half of that goes through ukraine. i have energy experts saying that all in all this is not g

the commodity now as the demand for water grows and our water infrastructure crumbles the disturbing reality that our world is running out of breath drinkable water becomes more and more apparent and many believe that the problem can only be solved if cash strapped governments came up with angel investors and those in the private sector however not everyone believes such partnerships will ultimately improve access to those most at risk those being the poor the fear is that for a commodity with limitless demand and sharply diminishing supply markets it is markets are distorted and that could ultimately deprive the needy of one of life's most crucial crucial resources so in the short term it is apologies will suffer to california for example right now residents are being hit with fines for excess water use and businesses such as golf courses and long care centers are seen revenue dry up due to water restrictions now it's a very small example of what will start happening on a more global level and while i know that today this isn't a runaway topic but the issue of fresh water is only go

commodity producers doing quite well. japan returning to the business from the lunch break. >> the nikkei and topix index both rebounding. theaw a significant drop, biggest weekly drop since april last week. we have weaker yen, lifting exporters. nikkei, back from the lunch break, number four percent -- 4%. let's take a look at the mining stocks. other stocks you want to watch, softbank today on reports that it has received approval for its purchase of t-mobile. now back from the lunch break, this is what we have. softbank is up higher by 1.6%. rising .6% -- .75%. they yen is modestly weaker. india's budget disappointed some that actually pleased a few others. how should investors view india's prospects? >> india outlining its budget last week, most were expecting sweeping changes from the two-month government perhaps disappointed because they left the deficit target unchanged. how does this really affect the outlook for the stock market? let me show you two views. positive,ket basically is it shifts the focus away to som

seeing movement in the commodities market. good morning. hopper is rising.are tracking that as well as some other commodities, and as you look at australia and other benchmarks, you are seeing the ms ei asia-pacific index is rising. in fact, rebounding with commodities. the afx is up. resorts has a seven percent gain. at of the biggest movers, its june quarterly production beating forecasts, so you want to watch that, trading above its upward bollinger band, for those who track stocks. up 3.4%, one company says it has not made any formal decisions on a stock i that. a final deal for with constellation group. markets around the region, this is what we have. the kospi is advancing. by abouti 225 changed one point 25%, and in singapore, you are seeing a mild move. taiwan. let's check out the movers in japan this monday. olympus, the camera maker moving in the markets. at australia. here is what we have. hopper is advancing. performanceed there. as we take a look at stocks that are benefiting or moving, fortis key metals. cut.nother stock has been a snapshot of

su keenan on the commodities market. griprought continues to california.reatening to boost protist cost and farmers are struggling as they pay as much as 10 times more or water than before the drought. we have a reporter in california right now and joins us by phone. what do you see? what are farmers dealing with? >> i am just outside of bakersfield right now. if you look over the valley, it is just brown. that haveee fields ground up. you will see some very green areas him about those areas are under the radiation and that is costing a lot of money, pretty much wiping out profits this year. translate tohis what we get on our table? >> that is one of the most interesting things about the drought. people were talking about real nightmare scenarios. you have not seen that so much because of irrigation of the brown water. i was talking to a farmer who grows oranges in riverside and said he will have the same number of oranges but cutting back on the water on the which is making them smaller. they will not be more expensive but literally less fruit for the con

that will be favorable for the commodities space overall. adam: that is last word. lance, all three of you thank you very much. >> thank you. cheryl: earnings season -- adam: off to a good start. cheryl: $7.4 billion. that was negative impact of currency volatility on first-quarter earnings for this year. we'll tell you who could get hit for the quarter we're talking about. who could come out unscathed. adam: it appears investors love their etfs. inflows topping 73 so far this year. where did investors put money to work and where is their cash headed next? cheryl: one big wall street firm has five stocks it thinks it could gain more than 30% next quarter. we have names for you of course. adam: it appears apple may have solved biggest problem for cell phone users, cracked and broken screens. we'll tell you how to save a couple hundred bucks because it won't happen again. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he no

tell you, the best person to ask those questions to, commodities broker, curt kimmel with bates.out here. how low can it go do you think? >> if we continue ideal growing conditions and crop says, we could slip down to the 350 level. with august and rains could go down to $3 level? >> you haven't seen prices like that since when? >> 2004. we were down to $2. 2009 is last time we tested $3. >> wow. take a look at the chart. the last thee months an incredible drop-off and, you know, the conditions have been just perfect. i'm looking at the corn silks right now. they're out already. incredible. >> this is important time. we have cool temperatures here next week and this pollination is going quite well. so, if we get pollinate okay and get moisture later on in august to fill out the kernels that would be ideal. >> look at the map because this is very important. the weather has just been ideal for corn here. over the next couple of weeks, we look at the chart, it is going to be cooler than normal. so much for global warming i guess. and this is perfect for pollination. >> talk of polar

standing in the way is safety for people who use the commodity, utilities that the commodity does what it says it's going to do and speed over all to me seems irresponsible the reason we have a balance now is that certain segments when housing is built. i feel very strongly when the need for housing in san francisco. it's the only way we are going to grow as a city but also the only way we are going to be ecologically sound. high density housing is absolutely necessary for an efficient and clean society. however, unless you prioritize who's going into that housing who is going to stay in san francisco and who is going to enjoy and be part of this city is going to be another big issue. the job issue, well, yeah, the jobs are actually down the peninsula for the most part. so i would caution you very strongly to heed the concerns about housing now and listen to the concerns about balance in san francisco. thank you very much. >> sue hesser. i operate. here is a couple facts. late 90s three units 3 units in the city, there was one affordable housing unit. they avoided paying a penny for af

global commodity play here making a comeback. overall take a look at another group. i want to point out the social media stocks. these have fallen apart here once again coming back. this is what i keep talking about, the rotation going on. groups fall back. other groups come up like energy. in the middle of it they rally again. that's why the market stays at new highs. we get groups coming back and others moving forward. >> the rotation. now let's turn to bonds where we did see the selloff. on the better jobs report, rick sen ta santelli, over to you. >> 281,000 is a good jobs report. how much information or how indicative will it be of tomorrow's number. you can clearly see we're up on rates, down in price, parallel shift on the yolker. interest rates 5, up 5 basis points. open up the chart. these will be the highest yield closes for five year since the 23rd of june. if we look at a ten year, same thing. 815 eastern. boom, rates go up. treasuries sell off. also up 5 basis points. open the chart up. these could be depending on the final hour or two the highest yield

i've actually worked as a commodity trader. done this. sbtrz an ordinary bloke, an ordinary guy, and that may be false. he has been a politician as long as i can remember, actually, but it has a sort of grain of truth. and people who are angry, they're not looking for a forensic truth. they're not looking for to analyze all the circumstances. they just want a story, and his story is quite convincing. >> host: your own personal -- sort of obsession in a way in britain or maybe just the british press, with class and schooling. you yourself went to eaton,. >> guest: that's right. a very famous school. >> host: as did david cameron. >> guest: my parents were immigrants from ghana, part of the british empire, and my first book what's the empire and i have an unusual relationship with the british establishment as far as my parents, immigrants came in the 1960s and was brought up in london, went to cambridge university, and so i kind of got both sides if you see what i mean. my parents are very much from the old colonial empire, kwart

in the case of senegal, one other commodity -- gum arabic. we talked about that little bit.in senegal, there are only two fortresses the french hold. of these two places become access points for this gum trade. the british decide to use the war as an opportunity to take this over and to benefit from this gum trade. in 1752, they also attacked martinique. in 1763, there is a capitulation treaty. a couple items that ended up in that treaty -- first, the french would get completely out of new france. they gave up on north america. canada went to britain and louisiana went to spain. a lot of the territories to the mesh taken over by the british get returned. goret is returned to the french. martinique was returned to the french. the french do end up losing a couple of caribbean islands, but not the major ones. they remain in the french empire, and that has profound implications for the second half of the 18th century. it is where french colonialism will concentrate, on those three islands. with that brief timeline, you can see that this war has important geopolitical implication

let's look at the price and the commodities market.es markets pricing and the threat of el nino? >> we are comfortable. we have not seen too much of an impact. risktle bit of a weather into the tropical commodities. see -- fromere you el nino. at this point in time, prices are fairly comfortable because the markets are fairly comfortable. >> if prices do go up, that would be a silver lining for some countries, like result. thehat happens is that southern parts of brazil tended to get more rain. this depends on the strength of the el nino. if you get a strong one, you could see huge influx of reign of -- of reign and precipitation -- rain and precipitation. you have parts of the coffee region, which have been so dry, they would welcome some of the rain. seems to be the bogeyman of the weather system. it does not seem to be well understood. how accurately can you forecast for it? >> it is difficult. if you look at 1997, 1 of the memory, itn recent caused so much drought and crippled the rice and various tropical commodities in asia. you

so he can say look i have actually worked as a commodity trader.i have done this and i'm an ordinary bloke, an ordinary guy. he has been a politician as long as i can remember but it had sort of a grain of truth in people who are angry that are not looking for a forensic tru truth, they are not looking to analyze all the circumstances. they just want a story and history is quite convincing essentially. >> host: and your own -- i'm always very struck about that session anyway with britain or maybe it's the british press with class and schooling and you yourself point to the eaton. >> guest: at the slightly unusual background because my parents were immigrants from ghana which was part of the british empire. so i have an unusual relationship with the british establishment. as far as my parents being immigrants they came to britain in the 60s. then i went through these elite institutions. i went to cambridge university and so i kind of got both sides if it were. my parents were very much from the old colonial empire. it's not a common name in britain.

they're hitting on aerospace, commodity market is providing a good tailwind for them.what they did to diversify. they did a billion-dollar deal with united technologies pratt whitney, engine fans, it's a great play. i think it will help in the aerospace. i also find it will contribute to the engines. companies like airbus and boeing. they don't want to bring new planes to market. they want to renovate and fix up the old planes. alcoa will benefit for them. charles: matt, it's been a heart breaker for a long, long time. i can see anyone involved in the stock in the last ten years being somewhat skeptical. >> you look at the chart, it looks like a tech stock. they shut down plants that weren't making money. valuation is below .6 which is a great valuation. the chart is so good, it concerns me. i'm not chasing it here. >> it's amazing what they've done for themselves, though. it went from alcoa no longer is the tell tale of earnings season to here we are talking about alcoa like it's in the beam in the storm. charles: who cares? but now it's a little different. >> commodi

reversing to that, the rise of the commodities and materials, because the world is growing.nd that's good news. it pushes us to all the time put it more and more into the economic mould. >> i would say that the whole sustainability agenda is a business gander. >> let me ask the other major ceo. do you find the regenerative restorative stanable approaches that your -- stanable approaches that your company uses are more or less cost effective today. paradigm? >> we see the circular economy as a way to make a giant step forward. it will make us more profitable, helping us get more growth, hep us design new business models. i'd like to give you an example. we are a world leader in led lighting. it saves you 60-70% on the electricity bill. you would assume everyone lines up to buy it. municipalities in europe are cash strapped and spend a lot of budget on electricity. you assume they line up to buy it. however, led lighting is a little more expensive from an initial procurative point of view. we have a mismatch. they need to design a new business model where we sell light as a se

once you start selling drugs, you are willing to sell women and children like commodities. and if you are willing to sell women and children like commodities, then that's where the vile, repugnant practice of human trafficking and human smuggling and even human -- a new form of slavery, sexual slavery begins. now, these children are on the march. when we talk to these children, they are terrific children. they are brave. they are gutsy. they don't -- you talk to the boys, they don't want to be parts of gangs. they want to get out, they want to get out, so they start this long march from their home country through mexico to make it to the rio grande and on rafts and swimming and so on, they make it to our border. you talk to the girls, the girls want to go to school. the girls want to get an education. they don't want to be recruited into these vile, vile circumstances. so these are earnest, hardworking children who want to have safety, who want to have a future, and we want to be able to see do they by interviewing them qualify for refugee status, and if they don't, they wi

that revenue from trading stocks and bonds and commodities town 13% in the quarter. shares were down a fraction today to 3 2.30. >>> united health job reported strong second quarter results sending shares higher. the health insurer saw revenue increase helped by growth in the public and senior markets and sited the affordable care act for its strong enrollment. on those results, the come panel knee hiked the full year revenue forecast and that sent the stock up to $85.11. >>> shares of auto nation moving the other way dropping after the auto dealer posted earnings and revenue that missed estimates. the ceo noted it was the 15th consecutive quarter of double digit earnings growth but investors still weren't impressed. shares were more than 8% lower at $55.82. >>> disappointing news at matte lerks. way down by costs tied to the acquisition of mega brands. sales of the barbie doll declined. the biggest drop since 2009. the stock was off 6.5% to $36.46. >> regional lender fifth third bank corp mortgage banking revenue declined and took litigation related charges. it lowe

prices higher and the commodity based resource markets might lead the world market for awhile, and then lastly, i would point out the emerging markets, tyler, as you said we're selling at 18 times and they are selling at 13.5 times and if they slow to six to seven percent growth that's still twice than here in the united states. >> thank you for being with us. >> thank you. >>> okay. an update on economic news here in the u.s. as to mortgage rates. they inched up a little bit last week. freddie mac says average rates rose to 4.15% this week up from 4.12% a week ago. on the 15-year mortgage it rose to 3.24. they are a little lower than the same time last year. >> mortgage rates are attractive right now and home price gains are easing and employment is improving, so why aren't more people buying houses? because they can't afford to. our real estatest reporter dia a olick has details. >> reporter: home prices aren't rising as fast as last year but they are still higher. >> i think a lot of buyers and sellers are trying to figure out what reality looks like. >> reporter: 97 of 100 housing n

products are high margin and could benefit from lower commodity prices. it used to describe itself as the world's large -- now it's rebranded as a global leader in lightweight materials engineering. it's this shift that investors will be watching for closely in earnings later today. the business model breaking down into four segments, mining and smelting, which have been cut back due to depressed aluminum prices, and the two products division, those have been steadily growing over the past three year, accounting for 57% of the company's revenue in q1, and 76% of after-tax operating income. alcoa is expanding the facilities in virginia and indiana, and of course acquiring jet engines parts maker for 2.85 billion. this added product push is super anthony razuto said more fundamental value and long-only investors have been buying the stock, this despite it's exile from the dow. >> meg, thank you as well. to dom knick chu, the market flash. >> check them out today, it's the only sector in the s&p 500 that's in the green. the sector hit hard over the course of