contessa brewer knows. >> a breakfast alert a new report found traces of a weed killing chemical in some breakfast cereals. it's the same chemical that is found in round up. 45 products were tested. 31 of them had traces of this chemical at levels some

. >> i'm contessa brooer, this is the equivalent of the 37 pound of cheese every american eats every but there's a second amount of supply of cheese in coldtoge. so each of us has to eat an extra three pounds. the economics of extra cheese coming up. ♪ ♪ > facebook revealed that it had deleted a handful of fake accolts. the socedia company pulled down a network of pages for what it called coordinated inauthentic behavior. it has now officially identified who was behind those accounts erd they did say there some similarities with those run by russian troll ahead of the 2016 presidential election. >> o ano chipotle restaurant has re-opened as an c investigatiotinues into possible illnesses related to that location. chipotle closed that restaurant yesterday after hearing from two customs who said the fell ill after eating there. this is the first major food safety issue for chipotle's new ceo to deal with. it has been three yearsow since the original e. coli outbreak that damaged the company's reputatthn. stock fell nearly 7% on this news today in trade.ll >>> america's cheese stockpile

shares of wynn are in the red following an earnings miss contessa brewer covers the gaming industry forat went wrong at wynn? >> a lot of disappointment over the numbers from macau misses on the top and bottom line and the stock took a dive wif wynn macau, the operating revenue was down 18% casino revenue, property ebita, 18% down wynn palace in macau and vegas revenues grew but not enough to offset the losses. on the call, the ceo blamed the world cup which took attention away from gambling but also other operators. >> our competitors neglected the vip market during the downturn many of them got back into the game in the last six months with new rooms, more credit, creating competition. >> though maddox did not mention then by name, las vegas sands reported strength on vip gambling wynn stock rebounded somewhat on the outlook for the third quarter macau numbers. caesars is another company that got hammered yesterday by investors following remarks predicting flat to slow growth in las vegas because of competitive pressure on room rates. then wynn's ceo mirrored those comments, the expec

contessa brewer is back with those. >> sliding no thursday here's what's leading cnbc.com china says with the u.s. will take place the chinese commerce ministry announced a delegation will travel to the united states later this month. >>> uber reported a wider second quarter loss as it ramped up spending on food delivery, bike sharing and expansion in the middle east and india. dara khosrowshahi has been focusing on improving uber's finances ahead of an ipo he hopes to complete next year. he said he doesn't think uber needs to be profitable before going public. >>> cisco reported its third straight quarter of revenue growth on strong software sales. and don't miss chuck robbins on "squawk on the street" later this morning >> 9:00 eastern time hour, which is like 7:30 mountain time. >>> we're halfway through the 5:00 a.m. hour, it's going to be a good morning, at least this looks that way now there's talk that china and the u.s. will sit down and engage in real substantive trade talks that has dow futures up nicely up 142 we could get back a little bit maybe more of what we lost yeste

contessa brewer has those. >> i beg to differ with your musical summary.t the best song ever >>> the fed is sure to be in focus today. jerome powell set to deliver a speech in jackson hole >>> u.s. authorities are investigating microsoft for alleged bribe lry in hungary. the s.e.c. is looking at how it sold its word and excel software to firms in hungary at a steep discount microsoft says late yesterday it fired four employees and terminated its relationship with four businesspartners in hungary. >>> apple has been on a hiring spree and they're tapping talent from tesla positions include everything from manufacturers to security to supply chain experts. former tesla employees offered several reasons for jumping ship including lagging compensation and stock price growth >> apparently everyone is working for the weekend. maybe we can play that next. >>> we have a serious news alert. moments ago a magnitude 7.1 earthquake striking north of peru this is more than 70 earthquakes in the pacific ring of fire over the last 72 hours. it's been a hotbed there storms

. >> i'm contessa brewer broader markets taking a breather today but nasdaq makes another all-time high. bob pisani is at the new york stock exchange what's the driver there, bob >> tech and health care. definite pockets of weakness lets show you new highs. not a lot of them but almost all in technology and some of the same names we've been putting up for a while. apple, nvidia, microsoft, visa we would like to see a few more of these happening in the absence of that, tech holding up as well health care has just been a monster in the last month or so. right across the board i'll put up a few etfs biotech one, pharmaceutical stocks, health care equipment stocks have been strong, right across the board enormous in health care, another reason that the market is holding up on the down side, strong dollar, weak emerging market currencies, argentina or turkey or south africa weakness in those markets are translating into weaker overseas stock action here in the united states, emerging market, eem, etm. metals in mining when the dollar is stronger we get problems there internet stocks, as i me

>> contessa, we'll see you in a few minutes. >>> let's stay on the topic of trade.edia in america is saying about trump and the trade fight. what are they saying in asia particularly in china? sri jegarajah has more on that great to see you >> hi, brian good morning to you. i would say the official and public mood as reflected in the mainstream media is one of defiance and almost on a daily basis what you hear from the commerce and foreign ministry in china is the same message, that they are ready to go with retaliation, counter measures of their own if the trump administration moves forward and imposes 25% tariffs on 2$200 billion worth of chinese goods it's worth pointing out this escalating trade conflict is hurting market sentiment in china. it is starting to be captured in the data case in point, factory activity really did moderate, 5-month and 8-month lows when you look at the official and private surveys, where does all this leave chinese equities? lower. the shanghai composite is down 16.3% year-to-date, making it the world's second worst performer this yea

i'm contessa brewer at cnbc global headquarters. here are today's top business headlines. wall street is set to open higher this morning. dow futures up 232 points thanks in part to walmart, which just reported much better than expected earnings on the strongest sales growth for the retailer in ten years. stocks were dragged down by a decline in tech shares. today, we're watching for reports on new filings for unemployment and housing starts. the dow closed down 137 points. the nasdaq fell 96 to 7774. t-mobile is offering new perks to its wireless customers. it will give one free year of pandora plus to existing customers who sign up this month through its t-mobile tuesdays app. it's the ad free music streaming service that normally costs $4.99 a month. they can also get access to special s promotions at concerts and events run by live nation. >>> rite-aid is offering a rather sweet incentive to get people in for flu shots. the drugstore chain is offering free scoops of ice cream with every shot throughout the entire flu season. shots are covered by most insurance plans, a

contessa >> tyler, thank you. i'm contessa brewer. here's what else is happening right now. if you can't get to it, chipolte will now come to you the mexican fast food chain partners with door dash for delivery service the cost of checking in your bag is taking off. jetblue raising prices for the first and the second checked bags for passengers to buy their cheapest fairs, and home price gains. they are slowing in june the latest kay shiler index shows prices rising 6.2% from a year ago, but that's down 6.4% annual gain in may mount st. helens kbla. >> contessa, we begin with a rally that just won't quit new highs again today for the nasdaq and the s&p 500 bob pasani at the new york stock exchange hi, bob. zoo hello, melissa you know, the big complaint about this rally was that it's all been centered on technology stocks, like semiconductors and fang names that's changing. the market rally has really begun to broaden out now we have sbeks that measure how the average stock is doing at historic highs. let me show you. equal weighted indexes like the s&p 50000 index and most i

contessa >> bob, thank you very much. so we have these strong earnings, we have the economic growth and the impact of the tariffs has been limited add that wall street's fear index is at the lowest level since the beginning of the year. is this a green light for the rally to hit new highs let's bring in bob pavlak and david katz gentlemen, great to see you. bob, let's start with you. a lot of reasons to worry as bob laid out there are you worried? >> i'm not overly concerned. when i started in this business there used to be a lot of phones that would track the news letter writers. when they became bullish on the overall market, it was time to jump out i think the vix is more a reflection of what's going on in the market at that current time. when everybody starts to become fearful, you start to see a major selloff, the vix starts to really tick higher when the market is doing well, nobody is trying to get out. then all of a sudden something comes up, it spells trouble for the vix, that is on the big move higher i think se

i'm contessa brewer at cnbc global headquarters. here are today's top business headlines.w jos futures off by ports to 25%.ewed trade concern we saw the dow falling yesterday on those concerns, offsetting strong gains in tech. apple, in fact, closed as a ord high. investigators also digested the fed's decision. they're calling the economy strong. likely that means the fed is still on course to raise rates in september. the nasdaq rose 35. >> vizio is launching a free streaming service called watch free, including it on nearly all of its smart cast tv sets. cow can browse more than 100 live and linear channels covering tv shows, news, sports, concerts, viral videos, but you can't pause or rewind content because it's linear. presented like the old fashioned way at a certain time. vizio said the service will have it elon musk says tesla will add old school atari video games to the display screen. musk says he's hoping to include classic titles such as tempest, missile command, and pole position. the driving controls for pole position a

there it is, up more than 1% contes contessa. >> i'm contessa brewer we begin with another day of records for the markets. bob pisani and mike santelli are at the new york stock exchange mike, the stocks are continuing to drift higher. people are talking about another meltup like we saw in january. how do you see it? >> it strikes me as premature to label this move as a medicalup but i completely understand why the comparison is taking place it seems like it is an effortless i didly relentless daily leiftation almost every day. although we are only 1% above the highs that capped this market for seven months. i think one thing that distinguished the january move is once the market was overextended and overbought and sentiment gauges showed you people were too bullish it kept going up we haven't gotten to the point where we are overstretched and it keeps going up. it is a low volatility rally but maybe too soon as september comes to say a medicalup is on. >> we had a volatility blow up in february. nobody anticipated that. what's amazing to me is in a slow time of the year,s that he slow ti

i'm contessa brewer. more details coming up on "nightly business report." ♪ ♪ >>> and finally tonight, we've been telling you about the shkitage ofed construction workers across the country. well now one project in massachusetts has set out to address the skills gap and also the gende gap. contessa brewer is in the baye stator us tonight. ♪ ♪ >> rising across from the boston skyline, aew casino takes shape, thanks to thousands of construction workers. >> we do the heating and cooling, hvac for building. >> fabi is one of 328 women working construction at encore boston harbor, but its taken her ten years to reach her goal. jourymanipe fitter. >> i let them know it's a great opportunity. it's greatef bs. it's not as -- it's not hard as people view it as. women, we're just as hard workers as men on the job site. we lace our boots up just the same way they do. now she asked the state to recruit women into construction. >> in order to m this work, you have to have a kick ass champion and you've got to kick the

overall, caesar's predicts 4% to 6% groh for .20 for "inightly business report" i'm contessa brewer.tors are swapping . stocks for bon should you? ♪ ♪ ♪ >>> here's a look at what toor watch tomorrow. cbs reports earnings. les moonves will be on that call. this follows, of course, the allegations of sexual misconduct against him. jobless claims will be the final read on the jobs market before friday's employment report. high-end speaker maker sanos is dely expected to make its debut. it should be a very interesting da to watch tomorrow. thursday. >> absolutely. wells fargo has agreed to pay a $2 billion fine over mortgage-backed securities. the bank and the justice department had been in negotiations f months and this ends the run into that matter. wells fargo is facing federal and state investigations into its sales practices. >> fidelity is the first fund mpany to offer core index funds with fees and it's part of fidelity to make investing easier even for those with small sums to put into the market. separatelyanguard plans to offer free trading on more than 1800 etfs this month. bo

contessa, thanks for joining us.ssa brewer. >>> time to send it over to john ford for a look what the is coming up on "squawk alley." >> what is going on with tesla elon musk wants to take it private. is that serious? what is going on in the industry we have the former chairman of chrysler coming up on "squawk alley" to talk about that and a lot more sensor ands this machine are integrated. atta, boy. & yes, some people assign genders to machines. & with edge-to-edge intelligence, you'll know your customers love this color, & don't love this one. never getting grape again. & you can adjust in near real time. & if someone tries to breach your firewall in london & you start to panic... don't. you've got allies on the outside, & security algorithms on the inside. & if it's jammed up here, & it's hot in here. & you know both those things, you can do this. & your flowers won't wilt. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when her pati

contessa brewer is live in massachusetts.tessa >> seema, the construction projects are going up in the eastern part of massachusetts. this is the encore boston harbor mgm is getting ready to open in mid august all of the construction workers required to make these buildings come to life a growing nber umof them are women how it's happening, ahead on "power lunch." are you ready to take your wifi to the next level? then you need xfinity xfi. a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> we have heard a lot of stories about construction companies being unable to find skilled workers. now a major project in massachusetts aims to close the skills gap and the gender gap at the same time by putting more women in hard hats contessa peruer joins with us that story >> reporter: encore boston harbor is less than a year

getting crushed on earnings off session rows this after caesar's took the whole group down today contessa brewer following the story all day long >> so wynn gets the majority of its revenue from macao and their vip business when macao got hammered the ceo blames the world cup which attracted gamblers away from the casino and he pointed fingers at his competitors who re-entered the vip business though he did not mention them by name. las vegas sands said they outperformed in macao in q2. wynn's commitment to luxury and experiences are paying off in q3 he says in july their monthly sequential growth is up 20% significantly outperforming the market, that their ebitda here is up 4.3 million per day and he reinforced his commitment to japan and he's very excited about going in there and talk about construction about the casino in massachusetts and he mirrored what we heard from caesar's ceo today about the big market drop there that there is going to be some softness in quarter 3 in las vegas because there is a lack of scheduled, vents and last year this time they had a big fight, the mayweath

dealers say 4 -- contessa, we will now go to the five-year note auction tomorrow. back to you. >> all right, rick thank you. >>> president trump says the trade deal with mexico will be very special for farmers up next, we talk to a representative from indiana who has just met with farmers in her district what are their concerns? does this deal fix the problem as we head to break, a look at the stock today. all-time highs today american express, nvidia, union pacic,fi csx power lunch is back in two we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. adults are just kids with much, much better toys. introducing the 2018 c-class sedan, coupe an

, thank you contessa brewer in tampa the u.s. reportedly very close to i atrade deal with mexico is progress being made with china as well. we'll have the latest. shares of soda stream popping today as pepsico is buying the company. the company was once nearly written off by the street. daheweetheagofore on t sa so wn rurn. you always pay your insurance on time. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ let someone else do the heavy lifting. tripadvisor compares prices from over 200 booking sites to find the right hotel for you at the lowest price. so you barely have to lift a finger. or a wing. tripadvisor. >> first wor >>> itsian authorities releasing security camera footage from t

. >>> there is a little extra incentive to get your flu shotar this contessa brewer explains the special. >> rite-aid is offering a sweet incentive to encourage p aple to ge flu shot. the drugstore chain is offering free scoops of ice cream with every shot throughout the entire flu season. shots are also available a more than 2,500 rite-aid stores across the country. >>> mark your calendars for a little holiday shopping novber 7. that's when aldi's starts sell two advent calendars, one filled with wine and the other with imported cheese. the wine calendar will cost $69.99 and features 24 mini bottles of different varieties. the cheese calendar costs $twel $12.99. this was run in the uk last year and the calendars quickly sold out. >>> with your cnbc morning business report, i'm contessa llewer. >>> you often think of animals in shelters as being sad or locked in cages. >> after the break, a group that's making sure animals in their care are treated a little differently. >>> we could finally see alex smh making plays on the field in a redskins uniform tonight. the team will take on theyo

after earnings, we are try iingo figure out what was going on contessa brewer who follows this spaceas on the earnings call and here's what mark, the ceo of about bookings we know what bookings looked like for the enof the year saw weakness in july and august. strengthening in september don't look at one or two months. it's a knee jerk reaction according to the ceo no reason to panic according to him. clearly, some investors are taking the other side of that feeling, but it is about bookees. july and august. prime summer >> and they haven't had some greatest pr move, judge, when they basically tried to cover themselves by suing the customers that were implicated or not implicated, that were impacted by that horrible shooting last october. so when they do that, and they do it specifically to protect themselves, when they did that, that is a big red flag as far as people just thought i don't want to deal with these guys if they're doing that that's one of the things that i would point to >> the ceo is going to be on "power lunch." you'll hear from him here's mark. the entertainment ceo

contessa brewer is live for us this morning, good morning. >> good morning there. we just got the july jobs report. 157,000 jobs added last month, that missed expectations but still it's a strong pace of hiring. we're watching what happens with apple this morning, since it became the first u.s. company to top a trillion dollars in market value. apple stock has risen 9% since reporting earnings on tuesday. dow futures now have reduced some of their gains of the morning. in fact, dow futures are in the negative. activision blizzard, the video game maker between candy crush is in talks with several cloud computing providers to offer streaming games. the three largest cloud service providers in the u.s. are amazon, microsoft and google. all three are involved with video games themselves. cloud gaming is still in the early stages here. activision's rival has unveiled a demo, not a full product. maybe if that happens i'll join the rest of the world in trying out candy crush. >>> airstream is bringing smart technology to its iconic rvs. owners will be able to use their ap

harry, good to have you here. >> thank you. >> contessa said there was an issue with bookings. what did you hear that's pushing the stock lower like this? >> it was during the middle of the call, the company management gave their expectation for third quarter room pricing in vegas of 0% to 2% expectations were up 7 to 8. >> wow, that's a pretty dramatic difference that would explain the sell-off. why do they not have pricing power like the analyst community expected >> the expectations were high going in because of prior comments being made either on their first quarter earnings call or at conferences that they had great visibility into the third quarter pricing. and they cited a number of what i would say relatively weak, if not lame, comments about how there's been recent deterioration and there was a fair amount of blame on the part of other operators, which i just think is a difficult message to send to investors. >> is this a vegas problem or more global than that >> you know, that's a good question, because it's not a problem that we're seeing in macaw, and that's where -

. >>> good morning, i'm contessa brewer. here are headlines. wall street futures are slightly in the green this morning waiting for a big economic report later this morning. the july jobs report is expected to show companies kept a strong pace of hiring. it suggests the economy is helping the market. the market was mostly higher yesterday. the nasdaq, powered by apple. it topped a trillion dollars in market value. you probably already knew that. apple stock has risen 9% since reporting earnings tuesday. the dow slipped seven points to 25,326. the nasdaq was up 95. activision blizzard is in talks with several crowd computing providers to offer streaming games. the three largest cloud service providers in the u.s. are amazon, microsoft and google. and all three are also involved with video games themselves. cloud gaming is still in the early stages. activision's rival has unveiled a demo. >>> airstream is bringing smart technology to its iconic rvs. owners will be able to use a smartphone app to adjust the lights, temperature, awning, monitor the

contessa brewer is there, spoke earlier with the ceo >> mgm got one of three gaming lnlss lnl lnlss -any spent $960 million on the property here it transformed what was historic, run-down buildings into a sprawling complex that covers three city blocks, but blends in seamlessly with the arc tu-- architecture. it gives it a main street feel this is a real first for the ceo jim murren. >> this is the most rewarding property i have been involved in, one thing to make a place in vegas, but help a city lift itself up from a 60 year decline and to have people literally crying for joy, being excited about there's something to root for in springfield, thatis, yo get to be as old as i am, that's very inspirational to me >> jim says he spent about $100 million on this historic preservation, architectural details, antiques. when he goes to the board to explain the investment and return on investment, he calls it intangible, believes it is something that customers will keep coming back to experience, guys >> contessa, what are his thoughts on competition because the area has either a number of ca

contessa brewer the story from tampa, florida. >> reporter: florida's known for its coastline and marinas, but it's boating industry is being buffeted by a storm over global trade. >> whe trade is k hiings froeviner oalf sides. >> peter is the ceoer ofam yacht, a manufacturer of high end vessels. >> whateally hurts us now immediately is the eu import tariffs of 25%. >> two solid sales stalled in the water. because a 25% tariff translates to a milli dollar tax on a $4 million yacht purchase. theould be european buyers balked. >> nationwide manufacturer's export 15% of boat and engine production. more than 2/3 goes to canada, xico and the european union. >> the 1%ers don'teed a yacht. we're talking about the finest yachts in the world, the prices are high, most of these people already have a yacht. so they justhoose to delay the purchase or buy another type of yat, unfortunately, that yacht may be built in europe. >> the hit for tat tariffsre threat thing to sink nearly $200 million inoverseas boat trade florida does every year. to say nothing of an additional 70 million plus in yacht sales

contessa brewer is covering wynn. jackie deangeles will have joous steel.r. joining us on the panel we have michael santoli, nancy with us and chief investment strategist. biggest winner on the dow was apple by far. caterpillar was the biggest loser. apple is of course the biggest winner, as well. hanes was the biggest loser. a jump in japanese yields overnight which tends to correlate. michael santoli, let's see how you characterize the market today, slow to panic but hard to excite. >> you took the bait. i knew you would. would you say that applies to me, as well? that is the reason i seeded your question. that is the way it has been. i think today was a mild stowback from a pretty strong july, not really serious selling pressure. it is difficult to gather momentum when the market continues to hold the uptrend. it had the jobs kmb coming out. i think there is a little caution ahead of that. and also there is just the sense of not too many catalysts. >> mark, if we didn't have apple today would we be getting a lot more nervous in terms of whether the marke

>> contessa, this is kind of representative of a lot of the stories that have come out of this tradermish which we realize the u.s. has some pretty competitive export markets, even niche markets like this one. is it just kind of a hiccup? >> they simply don't know right now. but the expansion plans here at bertram yachts rely on global growth they say, look, there are people who are buying boats outside of the eu, canada and mexico. they're selling one of the big boats, a 61 footer to a guy in japan, but they say it becomes more onerous to try and find those buyers for every single one of these boats that's in production >> absolutely. yeah, it's got to be hard to replace one of those big ticket buyers contessa, thank you very much. >>> let's turn now to venezuela, fears of instability growing as president maduro took dramatic steps to devalue the country's currency >> banks in ven waila are closed today as the leadership tries another round of what they call economic reforms they did a massive value agsz of the official currency rate, which is basically an acknowledgement that the b

in sprid, massachusetts, contessa brewer, nightly business report. >>> mcdonald's faces another foodwhere we begin tonight's market focus. the new york department of health is investigating weather breakfast sandwics caused more than 22 customers to fall ill. e franchisee has since closed the store and sent the foo items for testing and the news comes after customers in 15 states became infected withhe parasite after eating mcdonald's salads. shares were up to $159.05. honeywell cited strong sales momentum. the aerospace s parts makerd it would receive $3 billion in one-time dividends from i anned spin-off of three business units. it will use that money to buy back stock and reduce debt. thehares rose 1% to $157.91. the chinese e-commerce company alibaba repord a 60% increase in sales a year earlier, but it warned that a $3 billion investment in a newly formed division would hurt the near-term. the shares finished down 3% to $172.23. and the meat producer hormel topped the quarterly sales expectations, butut its outlook for the year on tariff concerns. the company said levs on pork,

. >>> coming up, closing the gap contessa joins us with that story. >> hey there, michelle i'm at ther where there's been a lot of questions about the gaming license following the me too scandal. but one of the first requirements for this license had to do with wom ihaenn rd hats i'll explain coming up on "squawk box." build and run apps anywhere you like, while keeping your competitors at bay. the ibm cloud. the cloud for smarter business. the ibm cloud. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ my dbut now, i take used tometamucil every day.sh it traps and removes the waste that weighs me down, so i feel lighter. try metamucil, and begin to feel what lighter feels like. thanks, janet. it's welcomemy happy place. store. you can learn how

contessa >> reporter: yeah.questions that i have because across america people might not think of springfield as a big casino destination because they're like springfield where springfield, massachusetts. with me now is the head of the global mgm resorts, jim murray, great to see you. >> thank you for having me. >> reporter: why springfield >> this was the first springfield. there are a lot of them but in the city of springfield, mass. this is a very affluent area. we're in western massachusetts. its a city that was down on its luck for many years. we've developed something here a real urban renewal project and we put 3,000 men and women to work. we'll get a good return, but i'm really gratified by the fact that we're helping the city pull itself up. >> reporter: this is a small city. fewer than 200,000 residents. sort of at this intersection of connecticut and western massachusetts, albany's only about an hour away and as you say, down on its luck, but you also got one of the first casino licenses, you're the f

hi, diana. >> hi, contessa.ome sales slowing for month and now we get real data as to why first and foremost affordable fell to the weakest in a decade that according to the national association of home builders thanks to higher home prices and mortgage rates just 57% of the homes sold in the quarter from affordable to americans in the median income that's down from 62% in the first quarter. that's nationwide but in some markets the situation is worse most of the least affordable markets are of course in california but in boston, seattle, miami, portland, oregon and reno less than 40% of the residents making median income can afraid the median priced home afford ability is likely behind a drop in-housing sentiment among consumers. a new report from fanny mae showed few americans think it's time to buy or sell a home fewer said they felt sure about keeping jobs if the future none of this bodes well for housing in the second half especially if mortgage rates move higher and that would weaken affordable further. >>

for the school contessa gina loudon believes the decision could prove damaging for social media giants. whether or not you agree with alex jones i would be just the same amount of adamant that i think it's bad policy to ban people no matter what i mean that really no matter what i mean in the united states we have a concept of free speech that we love very much it means a lot to us now these are private companies they can do what they want to do i'm not saying they shouldn't be able to do this and i'm certainly not saying that government should regulate whether or not private companies can make decisions like this but i am saying i think it's a bad decision and i think that in the long run it will not pay off for these companies it is it extremely slippery slope i do believe ultimately that probably some conservative it t. will come up with competitive platforms for the ones that are doing the banning and the censoring and ultimately they will have stiff competition that may even relegate them to relative obscurity because of things like this especially if they remain so one sided. eur

. >> yeah, it's plenty contessa. burn was an analyst for many years.ng time he's been ceo. i know we had mark sorrell on for ceo. it's up a little bit today, but a lot of people hurt in that stock as well. >> he came on yesterday and said, well, we weren't giving third quarter guidance but on the call, they set the expectation, flat for this third quarter. and today, caesar has a credibility problem, he still has a buy on it. what we saw was a lot of skepticism about what the expectation was that you would see 7% growth in the third quarter and revising that downward and all three of the ceos when they were talking about weakness in las vegas for the third quarter, they all said the first quarter would be stronger than this is not a loss vegas problem. >> what is the problem, contessa you would think 4% consumer spending just showed up in the last gdp report. everything would be going right for las vegas right now. >> mgm says look, third quarter is always the toughest quarter it's hot in las vegas, right he said on the call today, they saw visitors ch

hi, contessa >> yeah, this was a revolutionary project for mgm.billion dollars to revitalize three city blocks, save historic actecture and incorporate seamlessly a high tech casino into 300 new england town it was ravaged by tornados in 2011 but all of that wreckage, the blue tarps covering the roofs got mgm's attention, and today people will work they went from four employees to 16 with a contract to dry-clean unifoorms from mgm springfield her business more than doubled >> just trying to stay afloat was the main goal. and now our goals have shifted into possibly growing and hiring people and giving benefits to people that really deserve it. >> mgm's ceo told me it was very important to him to promote these partnerships and really highlight what makes springfield special. >> every single one of our properties is curated to the local environment. that's why we embrace local partners, why we hire local businesses, why we insist on our diversity. >> and this property now becomes the city's biggest taxpayer worth $25 million in taxes and contributio

well, you think you've heard enough about tesla we don't stock continues to fall, down less than 1% contessampa, florida, with a look at what's coming up after the break. >> well, this is the baby of this particular yaucht line and runs a cool managillion you won't believe how foreign buyers are balking at a 25% tariff tackeded on to the million. i'll explain how the trump tariffs and global trade war are driving down overseas sales. ahead on "squawk alley." how much do you think it cost him? $100 a month? $75? $50? actually, duncan got his $500,000 for under $28 a month. less than a dollar a day. his secret? selectquote. in just minutes, a selectquote agent will comparison shop nearly a dozen highly-rated life insurance companies, and give you a choice of your five best rates. duncan's wife cassie got a $750,000 policy for under $22 a month. give your family the security it needs at a price you can afford. thanks, janet. it's welcomemy happy place. store. you can learn how to switch to xfinity mobile, a new wireless network that saves you cash. and you can get 5 lines of talk and text inclu

first, contessa brewer has a look what's coming up on "power lunch" >> buffett buys more apple the president takes on tech giants we have it all covered for you admissions discrimination at harvard. why the doj is now getting involved and dangerous jobs meet the man who dang frls a helicopter to fix power lines. he gets paid to do it and gets paid well really that ahead and more. "halftime report" is back after this what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley let someone else do the heavy lifting. tripadvisor compares prices from over 200 booking sites to find the right hotel for you at the lowest price. so you barely have to lift a finger. or a wing. tripadvisor. >> you're watching the "halftime report". we want to call your attention a great cause close to us. the twine cities lyme foundat n foundation >> my wife went 16 years undiagnosed with lyme disease. she was told she had

. >>> i'm contessa brewer. wall street set to open lower this morning on renewed trade concerns.he trump administration plans to raise tariffs on chinese imports to 25%. the dow fell on those concerns. really offsetting strong gains in tech. apple closing at a record high. investors also digested the fed's latest decision. they didn't hike interest rates but they're calling the economy strong so likely the fed is on course to raise rates in september. looking at the dow futures, off by more than 150 points this morning, yesterday, falling 80 points and the nasdaq rising 35. vizio is launching a free streaming service called watch free, including it on nearly all of its smart tv sets. you can browse more than 100 live and linear channels covering tv shows, movies, news, sports, concerts, viral videos, but you won't be able to pause or rewind the content. vizio says the service will have its own dedicated input on the tv so you can remove it if you don't like it. >> elon musk said tesla will add old school video games in a new update. he's hoping to include tempest, missile command

month we'll see which ways the options market is telling him the next move could be first though contessa brewer has a look at "power lunch". >> stocks continue to hit new highs. are there still opportunities to buy? we have value plays. the president goes after google and says they will potentially investigate google for rigging search results, his words. what does that mean? what does it mean for the company here a new fund launching to let institutional investors buy into the crypto space gut inuso discuss why. "halftime report report" is back after this you always pay your insurance on time. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - l

. >>> i'm contessa brewer at cnbc. dow futures are off by more than 160 points on renewed trade concerns as the trump administration confirms plans to raise tariffs on chinese imports to 25%. the dow fell yesterday on those concerns. it offset strong gains in tech. in fact, apple closed as a record high. investors digested the fed's latest decision. they did not hike interest rates. they call the economy strong and likely that means the fed is still on course to raise rates in september. yesterday, the dow was off 81 points and the nasdaq rose 35. vizio is launching a free streaming service called watch free, including it on nearly all of its smart tv sets. it can browse more than 100 live and linear channels covering tv shows, sports, concerts, and viral videos, but you can't pause or rewind because it's linear. it shows up at a certain time. vizio says the service will have its own dedicated input on the tv so you can remove it if you don't like it. >> elon musk says tesla will add old-school atari video games to the

. >>> i'm contessa brewer with this cnbc market wrap. u.s.ng mostly lower with the nasdaq posting gains for the eighth straight day. the dow fell 74 points, the s&p dipped 4, but the nasdaq picked up 3 points. >>> tesla shares fell as much as 6% amid reports the s.e.c. is looking into the company's public statements even before elon musk's taking tesla private tweet tuesday. the tesla board has since announced plans to meet and explore going private and may ask musk to recuse himself. the stock is up, though, 3% in after-hours trading. that's it from cnbc, first in business worldwide. now back to "mtp daily." >>> welcome back. the president's former campaign chairman of course is on trial. his former personal attorney is the focus of a federal investigation. and a special counsel named robert mueller, who's investigating russia, that's still going on. but president trump has another legal headache and it's a headache that threatens to expose his past business dealings, and it's a headache that could even expose publicly his tax returns. it's

you talk about on the apprentice there was a mixup where contessa lost money on a task and they were discussing figures. he was able to recall and calculate things. >> oh, yeah. >> then you talk about working on a speech with him where he can't sort of keep track of things. you keep telling him something, he goes off message. i want to talk about the lester holt interview where you said that the team prepared him well, then he went into the interview and he said what a lot of people believed to be the truth, that he fired jim comey over russia. so was he being prepped to lie? >> he was being prepped by hope hix and the comps team to say that the doga had come up with this memo so that they could justify the firing of comey so i -- >> the team had -- you were on -- >> that was -- that was definitely hope hix press secretary kind of thing. i was really, really kind of surprised that he would implicate himself. that's when you know someone is mentally challenged, when they would even jeopardize their own livelihood by saying things that are just insane at times. >> so if the comes team

anyone anyone >> contessa, you know who is on the board of survey monkey serena williams. >>> 15 minutes before the closing bell. let's give you a check of where we stand. higher across the board firmly positive and sometimes record territory. the dow is up 74 points. the tech names like apple and microsoft are fuelling the biggest games. airlines staging a strong comeback. we will tell you what is fuelling increased demand for travel and what you can expect this labor day weekend. >> be sure to tune in tomorrow. becky quick will be sitting down with warren buffett ahead of his lunch with the annual idgle foundation auction 11:00 a.m. foundation auction 11:00 a.m. eastern tomorrow here on cnbc.s? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. this wi-fi is fast. i know! i know! i know! i know! when did brian mov

yeah, that's one i hadn't considered that, thank you, contessa brewer, tough assignment, once again > right, coming up, when we return, why is magazine taking a look at this crazy looking airplane with a wing soprano longer than a football field called a stratolaunch. and the ceo of akamai talking tiout the cloud edge compung stay tuned you are watching "squawk box" on you are watching "squawk box" on cnbcwe can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade cnbc >> the talk in texas, wire magazine out with a new article about a weird airplane that's calls, it's called 380 feet of crazy, the most audacious flying machine, there it is showing the image, it's so bizarre, tell us about this plane. >> it's huge and it is finally and i do mean finally after years of talk getting to the point where it may have its first t