i'm contessa brewer .l tell it to you coming up on "nightly business report". ♪ ♪ >>> president trump today defended his administration's actions in the ongoing trade w between the u.s. and china, but that trade war has left american soybeaut farmers wit one of its major export markets. so some of them went to chicago today to attend an exchange of sorts where they meet with yers who are in search of new partnerships. contessa brewer repts tonight from the windy city. >> this is ground up beans. >> reporter: fmarm to table. at a trade exchange in chicago it is a kind of soybean speed dating. farmers are desperate for a ree'tionship. >> three weeks away from -- from the harvest of our soybean crop. it is -- we have no contracts booked. >> reporter: agriculral suitors have their pick of the global crop. >> the world market has changed, and china hasn't bought any beans in the last month. from 50 er: 400 buyer different markets from around the world. they're playing the eld, touring u.s. farms but keeping and

our contessa brewer went to the university where a boot camp is helping veterans. >> reporter: natasha spent 20 years in the army. >> i had opportunities to be a commander. i was airborne i worked in special operations i supported special operations around the world. >> reporter: when she retired, with all of her skills and logistics and management, she took a jock at william sonoma. there were some hurdles. >> there was lack of camaraderie, lack of values, military value. >> reporter: after seven months, she quit though she landed an interview at amazon, she opted to start her own business shoes. >> i remember how much i loved shoes from being stationed in italy. >> reporter: to get her shoe business off the ground, she needed a boot camp, one designed especially for entrepreneurs and especially for veterans. she found it here at syracuse, university with an institute for veterans and military families, syracuse is tackling the challenge of transitioning from the armed forces to civilian life, but for women, that can be especially challenging. >> getting their transition right is core

i'm contessa brewer in for becky quick. hackers aren't just after your data they're also trying to get into your devices even at work. >> this is probably the most important cybersecurity threat that we have today >> forget pumping your own gas a new startup brings the gas station to you and will even fill up your car >>> with retirement ahead, what's the magic number? how much should you save and how to plan for that and it is almost time for back to school. the new gadgets students will need in class and on campus this fall >>> "on the money" starts right now. ♪ >>> this is "on the money," your money, your life, your future. >>> we begin with hackers. they're not just after your social security number cyber criminals can break into and damage embedded devices like office phones, printers, even ventilation systems. our andrea day found security experts working to defend against hack attacks it is this week's cover story. ♪ >>> no demo is complete until we've tried to physically destroy the device. >> when you interview thi

contessa brewer is on all of those stories. contessa. >> reporter: yes, back to cool for five below delivered third quarter guidance that wasn't so sweet the ceo joel anderson said it reflects the current tariff situation and the timing of efforts to mitigate the impact the company stands out for its willingness to tackle the impact of tariffs and expects they will increase as scheduled throughout the fall stock in extended trading, we did see it dip somewhat right after they reported. now you can see, fancy clothes, delivering matching top and bottom line beats but week guidance for the third quarter the ceo said north american and china had week traffic trends including the impact of the protests in hong kong, so the company had to dress up promotions to lure in the customers. the shares after hours just off slightly williams-sonoma really cooking when it comes to home furnishing comp sales up 6.5% where analysts were expecting 3.3% the real spice in the numbers? west elm, which the ceo calls the biggest growth opportunity co

this break >>> we're back on "fast money" the casino stock is getting slammed in today's session contessa brewerck at our hq with details. contessa. >> reporter: hey there, scott. casinos were dealing with tough news out of macau. july gaming revenues down 3.5% compared to a year ago consensus expectations were growth of .7%. investors are watching the slowdown in the vip play and companies like wynn and las vegas sands are getting walloped by a slow down in that particular segment they're trying to focus more players, and yet mgm resorts, which relies less on its china casinos for overall revenue than its competitors is ramping up its high-end offering on new villas and junket rooms. don't forget hong kong-based milco resorts which beat wall street expectations and gained macau at the expense of wynn and sands. analysts say steve wynn is not looking optimistically for macau. it lowered the forecast for gaming revenue growth from 1.4% down to flat to 2% the comps will get easier after august so let's talk about that vip segment, the high rollers. what do they do? well, they own factories they ru

. >>> let's get over to contessa brewer now >> here's what's happening right now. a 6.3 magnitude earthquake struck about 150 miles off the coast of oregon this morning u.s. geological survey says no tsunami is expected from the underwater quake no reports here of damage or injuries >>> federal authorities announced charges this morning against a 20-year-old ohio man accused of threatening a jewish community center in a video. police say james reardon posted a video earlier this month shooting a semiautomatic rifle he's been charged with transmitting threatening communications via interstate commerce >>> a lawsuit has been filed on behalf of a west virginia transgender man who is accusing an assistant principal of harassing him when he tried to use the boy's bathroom the aclu says the suit is a last resort, an effort to prevent the assistant principal from contacting the kid's family. >>> and the number of people killed by drivers running red lights hit a ten-year high according to aaa the latest figures from 2017 show 939 deaths, which is a 28% higher percentage t

growing protests could have major impacts on casino operators in neighboring macau let's get to contessa brewerk at headquarters with more on this story. contessa >> las vegas sands today dropped more than 3% and down 14% month to date. over that same time frame wynn has lost 18% off its share price, down 1.7% today hong kong-based melco resorts lost a percent today and mgm lost 1 1/2%. but over three months it's actually up. 11%. of course it has the least amount of exposure too and reliance on its macau revenues hong kong is a major port of entry for macau and a summer of protests is having an impact last week we heard wynn ceo matt maddox on the earnings call blame cancellation of hundreds of flights for some of the softness in that vip segment and that was before the entire shutdown of the airport. gaming analyst harry curtis at nomura instanet writes today, "while the protests in hong kong and the closing of the hong kong airport will likely have a negative near-term impact on visitation to macau, the impact should be transitory and visitation should recover once the airport reopens. but o

leslie picker, morgan brennan and contessa brewer. it's me, dom in the outnumbered spot today >> and on the other side of the table. >> this is going to be great so first up, ladies, uber shares are sinking today following a big miss on estimates for the second quarter ceo dara khosrowshahi joins squawk on the street earlier today and said the sell-off in shares is just a case of investors misunderstanding the company. >> i think we've got to do a better job in terms of telling our story to the markets i think that the company's executing very, very well. somehow it's not getting through the noise. >> all right so the noise the company reported a loss of $5.2 billion for the quarter only three companies in the entire s&p 500 lost that much money in all of last year. leslie, this was supposed to be the standard bearer of ipos. >> i don't think there's anything to misunderstand about $5 billion losses. i think that is very clear to the market what that means >> in a qualification by the way. >> in a quarter. it also represents two-third

leslie picker standing by on mach, but let's start with contessa brewer on wynn. >> reporter: ceo isoing what we've heard said, that the high rollers are not rolling so high. he calls the vip business choppy but he says it is episodic data points, not a long-term trend. the mass market gamblers are picking up the slack, up 20% in macau last year, and wynn is shifting focus from high-end junkets to concerts and other nongame offering to stay at the crystal pavilion analysts asked whether the trade war are affecting the scenario in macau >> and when you have hundreds of flights cancelled out of hong kong and some reluctance to travel, i do think that that is impacting the premium into the business however, that to me feels very temporary and has really nothing to do with our business and everything to do with what's going on in the region >> reporter: in las vegas a surprise win on baccarat, drop 16% versus the market up 11%, on domestic table games up 12% when the overall strip was down 6%. maddox said in fact for the first time in five years the revenue per available room in las vega

>> contessa brewer, we look forward to getting to that fresh information. and for now, let's get to sue herrera who has a news update. >> good morning once again, everyone here's what's happening at this hour iranian foreign minister zarif blasting recent u.s. financial sanctions against him, calling the move a failure more diplomacy. it comes a day after iran announced that it had seized a foreign ship in the persian gulf, suspected of carrying smuggled fuel. >>> a midnight explosion following a car crash outside a hospital in central cairo has left 20 people dead and 47 injured. the intensity of that blast raised fears of an attack, but egyptian officials said it was the result of a car accident >>> secretary of state mike pompeo visiting the pacific island chain of micronesia and told his hosts that he would be better off partnering with the u.s. than china. this is the first time a secretary of state has visited micronesia >> we know china seeks to engage and to influence this region, but i'm convinced that the people of the marshall islands, the people

for "nightly business report", contessa grewe contessa brewer , california. >>> tapestry unravels andere we begin the market focus. tapestry gave weak full year guidance. shares plummeted 22% to 19.45. chinese ere-co giant allie baba saw sales jump more than 40% in the latest quarter, suggesting the cneseonsumer is still spending despite the trade war with the u.s. and as such, the company's results topped streetio expect. alibaba shares rose 3% to 166.. shares ofpivotal software took off after vm ware is p aceeding wi agreement to buy pivotal's class a shares for s5 pere. the proposed deal would help vm softwarersify its development unit. pivotal went public last year and its shares have falle than 60% in the past year. pivotal skyrocketedore than 68% to 14 even while vm ware fell 7% to 142.35. >>> and boeing is delaying delivery of its ultra long-range version of its 7 x aircraft the company focuses efforts on getting its 737 max back in the air as we engine problems with its standard 777x. but the spck was more than 2% nonetheless to 32 even. >>> coming up, switchingr gears. buyers

. >>> we'll also get a slew of retailers after the bell contessa brewer has what to watch. >> let's start with williams sonoma it's trying to insulate the impact of the trade war, moving a substantial amount of production you've china, hiking prices in some cases it may have raced the profit outlook for year in may, and annual it'ses except comp sales to be up >>> let's turn to pbh, with brands like tommy hilfiger and calvin klein it also has been tariff challenges last year it imported about $400 million from china. this year it cut its annual profit forecast by ten cents a share. analysts look for an earnings decline of almost 14%. >>> we have 12 minutes notice until the close. we're up about 235 points or so. up next your last-chance trade we're back in a couple minutes ty to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling... and then do something about it. turn problems into opportunities. thanks drone. customers into fanatics change the whole experience. alright

time for a news update with contessa brewer. >> here's what's happening right now.ernor declared a state of emergency for 26 counties as hurricane dorian now is forecast to be a category 4 storm by the time it hits the u.s. monday. residents in southeast florida could start feeling tropical storm force winds as soon as saturday night dorian affecting travel plans as airlines cancel flights and cruise lines redirect routes multiple airlines of delta, american, united, southwest are waving fees. disney cruise line and royal caribbean have adjusted itineraries because of the storm. >>> city of milwaukee is urging residents to stop vaping immediately. 16 people in wisconsin hospitalized with chemical pneumonia causing serious lung inflammation and they vaped marijuana or tobacco before being hospitalized. >>> alec trebek is back at work. he finished treatment for stage 4 pancreatic cancer and told fans he is on the mend but it's going to be a good year. we're glad to hear it. that's the cnbc news update this hour back to you. >> contessa, thanks. >>> let's send it to mi

and now let's get a check on casino stocks amid the unrest in hong kong and the trade update contessa brewer has that contessa >> that trade news provides a silver lining for these casinos with exposure in macau, because, of course, the people who are frequenting those casinos can depend on growth in the chinese economy. wynn resorts, up more than 3%. so is mgm resorts. and las vegas sands up 4% on the day. that's a reversal from what we've seen in these stocks have been pressured by these ongoing protests in hong kong and certainly by the complete shutdown at the airport. hong kong's a major point of entry for macau. and those macau gaming revenues were surprisingly suppressed in july they were down about 3.5%. so this will come as good news and sort of something to hope for for the casinos that they could see a traurnd here today, guys >> and now the dow surging over 500 points at its high veteran trader art cashin joins us next with his take on the rally. s&p also up better than 1.5% nasdaq up nearly 2 we'll be rig bk.htac from fidelity.our daid a visual snapshot of your investments. key

a major court ruling against johnson & johnson and contessa brewer. >> judges ordered johnson & johnson to pay $572 million contributing to the opioid epidemic they filed this under the public nuisance law the company sold opioid drugs. j and j and it's subsidiary down played the risk of addictions and targeted doctors that subscribe lots of opioids as key customers. the $572 million judgment covers what the state says it will spend to tackle the prices including treatment and n what the state would be seeking though. analyst expected j and j to be fined as much as $5 billion. the stock is up about 2% this morning in part probably because this was priced in already the danger of a $5 billion judgment shares of other makers of opioids are also higher this morning. johnson & johnson plans to appeal saying the decision is flawed and that the state failed to present evidence that it's products or actions caused the crisis the trial had been closely watched by plaintiffs in nearly 2,000 cases against j and j and other opioid manufacturers those had been consolidated into one case pending bef

travel agent contessa brewer. a check of the markets here. the bulls are off to the races here we are close to session highs now with the dow up by 363 po36s s&p 500. 29 .29 just a point off of that up 40 points nasdaq is higher by 127 points or 1.6% all 11 sectors in the green. tech industrials are loading the way and one sector flying higher airlines american up nearly 5% followed by united, southwest and alaska. we'll have more on the airlines later this hour. >>> the oil market is closing for the hour >> good afternoon. oil prices moving higher along with stocks holding above $60 a barrel part of the move in oil is due to the standoff with iran which continues to heat up, plus the drop in u.s. crude inventories as summer winds down looking at wti crude at $56, but the international gauge at 61.09. this comes as gold and silver have been selling off. silver staging a major reversal and gold down by 1.2% holding at 1,530. >>> president trump continuing his fight with the fed tweeting the economy is doing great if the fed would do what they

joining us with their take is contessa brewer, bill griffith and seema mody first let's talk throughding to new reports airbnb posted growth rates of more than 30% in the first quarter of 2019 sources tell "the wall street journal" that the company's total booking value which measures total transaction dollars on that site jumped 31% year over year by the way, these were just sources because it would be a violation of the quiet gag rule. that's pretty decent growth, and maybe it's good to hear if you're looking at what's happened with uber and some of the other guys less. >> especially covering the travel system. there's been an animosity between airbnb and others like booking holdings and expedia but what it shows is a top line growth rate of 30% compared to a second growth rate of only 12% at expedia and booking holdings. i think that's interesting to see in these financials that it's sort of a departure from the other silicon valley companies that are either about to go public or have gone public like uber. >> they are making money. >> and it's managing expenses pretty well and ha

contessa brewer is at sun valley rice in arbuckle, california as they wait to hear if the order is canceled. >> this company sun valley rice grows, mills and distributes rice and they export to places like europe and the middle east and japan but never sent it to china. no u.s. company has. but they want to badly. for one reason, u.s. rice is considered a premium product it is short grain and considered a luxury and affordable luxury for the middle class in china. and china is the biggest rice market in the world. consuming 36 times more than the united states. sun valley founder and ceo ken legrand has spent more than a million dollars in 15 years trying to open up the chinese market in june, amid this trade war, grant lant -- landed his first ever contract. despite the ban on agriculture he's optimistic the chinese government will permit him to move forward >> the indications that they're giving our customer which is really who they work with are all green lights we're a licensed supplier, we've been licensed by the chinese government as a supplier so nothing's off track there >> reporter

here to break down the headlines are robert frank, contessa brewer, and bill griffeth. and it's great to have you all here let's talk a little tiffanys which beat on earnings but missed on revenue. it reaffirmed its previously lowered guidance for the year. but this is the sort of important tell sales fell short of expectations last quarter the jeweler citing hong kong protests and last tourist spending here in the u.s. as reasons. that's the same thing we heard from macy's, robert. >> yeah. and tiffany's benefitted from the fact that china is repate rating its luxury spending they want the chinese to spend on their luxuries. they ma they had strong growth in china, but the bottom line is that that hadn't off the u.s >> which is talking about how there's a lot of high-end sales that have been lagging anywhere you'd see in the chinese buyer show up and be sort of the marginal spender, that's now going away. >> hong kong is the biggest market in the world for jewelry, for wine, for watches. and that's going to start hitting those sectors and the upper end. and we have the

and here to break down the headlines with lots of energy are leslie picker, contessa brewer, and courtneyeagan. let's talk some deere, shall we? those shares are higher today even though the company missed estimates for the second quarter, it's about 13% below its recent highs how about caterpillar also rebounding today, but 27% off its high which goes all the way back to october 2018 both companies talking about uncertainty with the trade war with china contessa, main question. is all of this price action now telling us that the bad news is now largely priced in? >> i do think a lot of the bad news is priced in. the problem is that there's really no resolution in sight. weather is never a controllable factor in farming for especially the soy bean farmers that had already gotten hit by the tariffs. there was a 50% drop in overall exports to china from 2017 the and when you look at soy beans in particular, then they got stuck because of flooding trying to get those shipments down to the port of louisiana. how do you overcome that >> so all that said, the fact that deere's only 13% off the

let's get over to contessa brewer at the cnbc commodity desk. >> speaking of being in the red, i gothe memo today as did you. what's not in the red, oil prices rising because of an unexpected drop in european inventories and expectations of opec out put drops wti posting its best day in nearly a month you've got brent now up 2% as well it was a grim forecast from the international energy agency. the organization lowered its global oil demand forecast for this year and next saying the outlook is fragile amid growing evidence of an economic slowdown world demand increased by just 520,000 barrels per day from january through may. that's half the rate we saw last year and the slowest pace since 2008 scott? >> contessa, thank you >>> dow trance ports seeking further correction in the week ahead. morgan brennan joining us with more pain. >> i think so. this is the 12-month chart versus the dow industrials this is over the past year industrials up 3%, transports down 8%. never actually confirming the broader market rally as the dow hit record highs in case you're a dow theory wonk there. fr

contessa brewer, bill griffeth and courtney reagan.rt, we're starting with you again, talking some nordstrom. they're up about 15%, 16% today. better than expected earnings but missed on revenue. it's on pace for the best week in nearly ten years. but again, context is key here >> i think actually what's very key is that there's 27% short interest in this stock >> wow >> macy's short interest is only 13% by comparison. >> short covering rally? >> i do. because, yes, they beat on earnings but it was what we call that poor quality beat they had expense management and some of these benefits their net sales were down 5.1% which was the lowest they've reported since the great recession. >> it's actually accelerating to the down side. >> honestly, it wasn't a good report the shares, they popped immediately. and there's no way i talked to several analysts and there's not a lot of great things here. they're expecting nordstrom, the inflection in the second half of the year the new york city flagship is going to open on october 24th. but a lot

. >> let's go to the oil market which is closing for the day and contessa brewer is at the commodityesk. >> hi there. oil gained back some of the ground that it lost despite fear of a global trade down wti is up almost a half of a percent. it had a session low but it's bounced back to the flattish mark and the world's largest oil company blamed volatile oil prices for declining profits they held the first ever investor day and revealed that the first half profit had nearly $47 billion but that was down from the 53 billion the first half of 2018 the company also says it is ready for its ipo but that the timing will be determined by the saudi government when market conditions are optimal and we don't know really what that means but they said that's when they'll be ready for it, guys. >> thank you session lows across the board today as the ten year yield falls to the lows of the session. some of the big drivers of today's losses after the break plus, still ahead, tarek e tarek el moussa will join us on the set. will mortgage rates keep falling too? and how big of a boost will this be fo

contessa brewer, the survivalist, bill griffeth, and meg tirrell. but that's a story for another time the first we want to talk about is ulta beauty because check out the shares they are down huge today in ugly earnings missing in both the top and bottom lines they slashed guidance. we are talking about a 29% decline right now. their comp store sales disappointed the cosmetics industry has been struggling as a whole as of late they said trends like contour and brow styling have gotten stale. this is also significant they noted that consumers are bypassing stores for some digitally native brands like glossier and if that's true, then one of the hottest parts of brick and mortar is cracking because people are going online. >> and especially when you assume that people if they want to try out a new brand of cosmetics they actually woman the want to see what it feels like the fact that g lossier is proving to be real competition, it makes sense to me that you would go online and buy cosmetics after you've tested it out. but the testing it out is the imp

want to get initial thoughts contessa brewer, leslie picker and bill griffeth with me. market is taking this in stride the nasdaq still up 0.7% this was not -- not anticipated. this is a big deal to extend it to the rest of the imports >> this is exactly the kind of headline that would have sent the market lower in any other time we're still in sort of the fed after glow right now but i'm finding it very interesting that we are not dropping appreciably with this kind of a headline we are up only 50 points now we were up over 100. it's coming off. this is the kind of thing that would send it down 100 points immediately. >> there are companies who have now formulated strategies for tariffs for the next half a year or beyond because the uncertainty is certain >> but you wonder because the companies that were already affected were ones they had first been hit by 10%, then 25 now a whole set of companies that maybe some for the first time are going, here we go now we have to come up with a plan, too. >> i didn't think there was a lot of optimism they'd be able to come up wit

damage is centered today it's not all red shares of northrop grumman and jacobs are winners today contessa brewers looking at the casinos, and phil, boeing in particular, but big pain for casinos. >> we're looking at the casinos that have exposures in mccoy let me show you what wynn is doing, down 7% on the day. las vegas sands is off as well mgm, which relies less heavily on the revenues from macao are down, and then, if we look at these casinos since the president made the announcement about those 10% tariffs, since last thursday, you can see they're down in the double digits at this point it's not just the trade tensions, although that overshadows everything else. they're also dealing with political turmoil in hong kong that's preventing some visitors from coming in they have dealt with the chinese crackdown on one of the biggest junket operators and just last week, a typhoon as well. but as you can see, this is a real problem for those casinos that have such big exposure in macao. >> i didn't even realize there were a couple other issues hitting them there in terms of the defense industry, wh

exxon and chevron will report results tomorrow and contessa brewer has a preview on that. >> let's startith exxon mere consensus expectations are revenues will drop 11.3% over last year to $65.2 billion and earnings are expected to decline 28% to $0.66 per share analysts anticipation chevron's earnings will hold steady at 1.78 per share, same in second quarter in 2018 but revenues are expected to decline 4% to $40.5 billion. we are likely to hear more about the softness in commodity pricing and the slowing global economy, dragged down by the intense trade tensions between the united states and china on those calls. >> contessa, thank you very much >>> guys, as it relates to the china tariffs, we did just get a tweet from the editor of "the global times" which is the chinese -- >> yes. >> thought of as a mouth piece, right? >> for sure. >> it is state-run media he says the new tariffs will not make a closer deal that the u.s. wants, only make it further away and the chinese won't give priority to controlling the trade war scale. they will focus on the national straj ji under a prolonged t

contessa brewer has the details. >> the earnings per share are coming out in line with expectations here come in with a revenue beat of $1.66 billion versus the estimated $1.60 billion that the street was calling for in the press release here, you see wynn resorts highlighting its strength in the core mass business in macaw rather than vip which had a little bit of decline year over year we're going to hear maddox talking about how to make macaw more of a tourist destination but given what we've seen from other casinos with exposure in macaw, this is a pretty positive report for wynn. the stock up 1.9% in extended trading. >> contessa, thanks for that mike, going to be a close eye on this perhaps next quarter for what the currency move means to its macaw revenues we'll talk a little bit more about that beat which has seen the stock up about 1.5%. firstly, disney numbers are out. julia has them for us. >> we see disney revenues and earnings falling short of analysts' expectations earnings coming in at $1.35 adjusted versus estimates of $1.75. there are a couple of interesting items in her

protests are impacting the casino stocks with exposure, of course, to macau in the region, and contessa brewer has a look at that. >> hong kong is a major part of entry for macau. the airport shutdown, definitely a problem for visitation look at las vegas sands now down almost 3%. it's been down even more than that throughout the day. mgm resorts down 1.5%, 1.75% melco resorts off almost a percent. that's bauds sed in hong kong, y the way. wynn resorts ceo said in an earnings call that the hundreds of flight cancellations were definitely an issue in the near-term. and analysts are echoing that sentiment and watching for how big this impact will be on q3 results. wilf >> contessa, thank you very much white house trade adviser peter nah rvarro appeared on this shon friday saying there's more room to run in the bull market despite recent volatility. >> what really matters for the market over the next couple of months going into the holidays really is going to be how far the fed is going to lower interest rates and really, whether we get the united states/mexico/canada agreement we had some volati

contessa brewer has that for us. >> analysts are going to look for wynn to provide some key updates aboutket tomorrow when it releases its second quarter earnings. a crackdown in china the growing implications of the ongoing trade war. then there's the political turmoil in hong kong they're all weighing on casinos with exposure in china and wynn has the greatest. we should get some insight into the downward pressure of the v.i.p. segment that's the upper echelon of gamblers and we've seen that lagging. wynn resorts had a tough day today, down more than 7% as you can see. >> contessa, thank you let's go to julia boorstin with what we can watch for disney results. >> sara, analysts expect disney to grow its revenue over 40% that would be on the strength of its theme parks with its shift to demand-based pricing as well as its studio division which has been dominating the box office investors will be looking for more details in the coming launch of disney plus and how streaming will compensate for cord-cutting losses. we can also hear some questions about disney's investments in china. it was