so the racer is a fast airplane and boosts the career of a pilot we know, jimmy doolittle. now we're going to look at the ryan nyp spirit of st. louis. this airplane in may 1927 flew the 3,600 miles in 33 1/2 hours from new york to paris. flown by charles lindbergh, who was an unknown male pilot. his goal was to win the ortege prize of $25,000 for the first nonstop flight from new york to paris. orteng was a hotel entrepreneur and he wanted to join his former country, france, with the united states. and so, that was the impetus of this flight. but what it represents in the history of aviation is part of the telling of the airplane and this transformation of the airplane from what the wright brothers created and how it transitions over the '20s and '30s to what we call the modern airplane. and so, lindbergh was an unknown air male pilot in 1926 who, as flying from the st. louis to chicago air route, flying the mail, was thinking about is this possible? and building upon that idea, he gets financiers from st. louis, people, you know, he trained them to fly, you know, interact

for that we go to abigail doolittle. lots of chinese internet stocks on the move based on actions i jp morgan. baidu shares are down sharply, one of the worst drags on the nasdaq today. after j.p. morgan downgraded to underweight, they say the core internet search business is under pressure as advertisers are looking to go to mobile platforms. a stock already down 10% this year. well. are lower as j.p. morgan has downgraded this stock to neutral. margins could be under pressure despite strong cash flow. position on the sidelines or the sensel stance makes more with a $29 price target, which does suggest some upside potential. traded, so itdaq is not influencing the index. j.p. morgan called alibaba the chinese amazon.com. 30% upsidere dead with a price tag it -- price target of more than $135. that is what is happening at the nasdaq. doolittle at the nasdaq. thank you. i am vonnie quinn. cohost is iny washington, d c . c. >> getting ready to interview the undersecretary of international affairs. going to mark crumpton in

vonnie: dallas abigail doolittle. let's check in on the first word news. >> taking a look at brazil. brazil suspended president has made an emotional appeal to keep her job. she urged senators to vote against her impeachment. she said it would amount to her death sentence and would put the democracy at risk. she is accused of financing government spending without congressional approval. in colombia a permanent cease-fire has taken effect. the largest rebel movement has lain down the arms but voters still have to approve the agreement which would give rebels political power. the fighting has killed an estimated 220,000 people. in brussels, reports of a bomb explosion turned out to be false. authorities say someone set fire to a crime lab in an attempt to destroy evidence. five suspects have been arrested. rolling out an is comprehensive plan today to deal with mental illness. ensuring that americans would no longer separate mental health from physical health in terms of access of care and treatment. the agenda will inc

[laughter] some say you have time laugh laugh so go back again i know you love jimmy doolittle but let's get to your life. [laughter] so to jump ahead he goes to school and graduated in short pants black sea went to west point action is required rebellious his father wanted him to go to the naval academy and why did you go quick. >> it is a long story. >> west point teaches leadership. [laughter] >> no. >> i will stop there. >> there probably navy people in the audience at '01 to this anybody off laugh laugh. >> where are we? been a washington summit you may have heard of the river? i went to the severance schools like to pass the exam to get into west point state bank usually says he gets seasick that's why you didn't go into the navy vet then he rebelled and went to west pointed age 17. >> 17 and 1/2 almost beyond espy met not quite 1947 osborn in 1930 and 1947 was the unification act when they this split up the services to put them under the defense department so the airforce was separate service they did have the airforce academy perk gulf. but we knew when we graduated about one qua

abigail doolittle at the nasdaq. thank you so much.et: critics who say that argue thatvervalued its revenue model isn't this a noble. our guest says you need to look at reinvestment differently. joining me is the ceo of fortunate advisors. go about would you measuring amazon's performance correctly? >> when we look at the revenue of any company, we want to look at the amount of cash flow it generates compared to the expected return on revenue. they spent last year over 12 billion dollars on research and development. if we treat that as an investment, it opens up a whole new way to look at their numbers. they are earning over three times expected return on invest ors. is the implication of your approach essentially that it any given time they could turn off the r&d and it would be , but that thesher underlying business model is extraordinarily profitable? >> exactly. if you look act get walmart in back atay, -- look walmart in its heyday, it's free cash flow was negative, but over 20 years, it was one of the best-performing stocks out t

abigail do leader -- doolittle at bloomberg intelligence. >> thank you.ould like to bring the etf analysts into the conversation. this may be a week before the long labor day weekend but a lot happening. we did have janet yellen's big speech at jackson hole last week , and we have seen quite a reaction around many of the asset classes the possibility that the fed will tighten. tell us what you are seeing around the dollar etf's. >> right. the one seeing the most action is the powershares dollar bullish. it traded 70 million friday. there is definitely some heat around it. goes long the dollar index by shorting a basket of currencies. this is heavily developed markets. one, thete on that newer one but getting bigger is trade the wisdom bloomberg dollar index. at has emerging-market currencies and there. and a littleerse cheaper. it is going a little faster. >> both are taking up on the expectation rates would go higher. today's news is around apple and the news that the company may taxes4.5 billion in back around ireland giving a tax break. which companies

you so much come abigail doolittle.res only, showed 1/10 annually and experts for data this year they will find even less. explorationt their to the bone, a new supply discovery since 1947. the crudethis mean to outlook? and analyst joins us from houston. much.you very this kind of discovery i imagine does not show up in the price immediately. into a while to turn production and hit the market. ultimately, this has to be a medium-term, someone bullish for the oil price. when do we expect to see market ramifications of a dramatic slowdown? >> thank you for having me on. you're right there is a long lead time associated with this. longer-term volumes wealthy three to five years from now. one of the questions that we get well-positioned to fill the gap if we are not as wind today. in an area where we see the biggest amount going forward is right here. spots,the few bright approach and $12 billion in the m&a market, a testament to the world-class states that it is. ,bout 100 and 65 in the region up from a low and there is a

doctor doolittle most people discovered we he wasn't what it was about. i think it was a british set of books, for some reason i just got a kick out of the fact that there were talking animals in it. then of course the hardy boys and all the others that followed. those kind a part of who we were. my mom was an immigrant to this country, eighth-grade education. she was a self-taught person. she taught herself person. she taught herself everything under the sun. cooking, shorthand, reading, art, all of this. i think that probably inspired me. >> host: from where did she emigrate? >> guest: lithuania. she was born born in lithuania brought here at the age of two. the lithuania population came from germany to baltimore. she landed she did not land in ellis island in new york. and the railroad had two destinations, could chicago and had she gone to chicago she would have been part of the largest immigration of lithuanians to america. a huge lithuania population. she took the southern route, her mom did i should say to meet up with my grandfather. and that was

abigail doolittle has the latest. >> we are looking at losses. alldow, s&p 500 and nasdaq trading lower. for the dow and s&p 500, we have these two indexes on the red -- in the red. for the s&p 500 for the first time in february. the nasdaq still higher on the month. the big story among the market, oil plunging on the day. a surprise build up 2.3 million timess, three expectations. when we do take a look at the , we see what the build looks like. it did cause oil to fake a sharp downtick in the session. not surprisingly, weighing on the oil stocks, including exxon mobil and schlumberger. on paper the worst day since august 1. we see what the build looks like. itnot all about the department f energy data. mainly about that, but we do have pressure from the dollar. the dollar is trading higher. higher the last four days, up after the more hawkish comments from fed chair janet yellen last ride a at jackson hole. abigail doolittle. thank you. checking in on the bloomberg first word news. lawmakers are likely on the verge of ousting suspended presiden

abigail doolittle has more from the nasdaq. abigail: we do have quite a rally on her hands with the index trading at session highs. all 10 sessions are higher now as well. this was not true in the morning when health care was dragging. that's helping to explain why the nasdaq is at session highs. this does follow weekly declines on the nasdaq. , ahad a weekly chart here weekly chart of the nasdaq and what happened last week that really stands out, we are looking at a reversal pattern highlighted by yellow arrows and we have seen it three other times over the last year. into the slide in may and the possibility that this weekly outside campbell mason just the nasdaq could take a bit of a breather. as for what is helping the nasdaq, micron shares are up 2.9% as deutsche bank takes its price target higher, citing the recovery in dram pricing. micron turnaround in a big way, up more than 15%. bloomberg intelligent analysts expect that recovery in pricing to them. upgrade to an output format wells fargo with one analyst citing the t

let's get to abigail doolittle. >> first, a quick look at the u.s.y averages were you see all three trading somewhat lower here on the morning. this could have something to do with dollar strength after consumer confidence measured this morning did come in better than expected, boosting the dollar, weighing on oil wraps dragging on stocks. we have lots of stocks in the world of m&a. i believethese shares are halted. yes, it shows they are halted. before being halted, both of nicely on the possible merger between these two fertilizer companies as they are battling falling prices plus the decline in spending a farmers. earlier this morning, it was not a combo could be announced as early as next week. with the stoxx halted, perhaps we will have more news today. turning to a deal undone -- in fact, one that never took place. hershey's and mondelez. is backing out or pulling away from a $23 billion takeover bid after two talks of takeover talks were unsuccessful stop. mondelez trading higher. ritchie brothers, and auction company of industrial equipment.

abigail doolittle is standing by.have taking a breather today after the nasdaq set record highs yesterday. the nasdaq is outpacing the losses from the dow and s&p a little bit due to the overweighting some of the megacat names. istandout liger on the day haynes celestial. this isno small feat, the worst day ever for the shares of haynes celestial. the company may have accounting issues around the can count thing concessions made to u.s. contributors. they have had to postpone or the lady fourth order report and quarteror delay fourth reports. thisve jeffries saying weakness could offer a potential buying opportunity for the long-term. they think the strong cash flow there and the hains brand is very strong. it could make them a buyout target. we definitely has huge weakness in the shares today. soaring on anocks m&a deal. in a bigervices is up way, hitting a record high on the news that a uniform company is buying gee and k services for share.97 50 per the conference call started at 11:00 a.m. this morning and both st

mark: abigail doolittle has the latest. what have you got?bigail: we have quite a few movers here. chipotle mexican grill, shares are higher on the news, the report saying they believe the inpany had improved from 21% july and expect that strength to continue in september. the company chipotle mexican grill did, on free promotions for food saying they were not sure what the effect of that would the but saying perhaps that is helping. herbalife is having its best day in more than a note -- more than a month up 3%. carl icahn had increased his stake. quite famously by another billionaire investor bill ackerman. 17% this year. a roughly $1 billion position. he may be down about $900 million and finally taking a look at micron, now up three as price targets had been taken hire. saying they really like the recovery in this helps to explain why the shares of micron are up 15% year to date. it is literally last chip pass is worse -- worst mastec 100 stock. mark: thank you. a drugmaker will start selling a cheaper and generic version of it at the 10

doolittle down at the nasdaq. joe: retail earnings are in full swing. macy's reported this morning. retailer surged the most in more than seven years. after it announced its closing of about 100 of its doors, will the strategy work as brick and wanes andt traffic traffic switches to online? our guest has a hold recommendation on acs and nordstrom. macy's and nordstrom. investors liking the fact that macy's is going to close about 100 of its underperforming stores. how long will this hold last to the stock? is this a one day high or did anything you see indicate the beginnings of a turnaround for the company? bridget: i think there are two parts to what happened today. the first part is the closing of the 100 stores and i think that's a sustainable upside to the stock. you are saving a lot of cost in terms of rents and headcount when you shift toward shrinking the base and making it more profitable. and it's likely some of the stores getting close our stores that they own and sell and that could drive cash and i think that's a legitimate change in the story. saw the same store sales

for more from nasdaq, let's go to have again doolittle.is now down slightly. snapping its three-day winning streak. trading from last friday's record closing high and the 5232.ime record high of 1 one reason for this underperformance relative to the dow and s&p 500 and the weakness overall is biotech. the sector has been up 20% over the last six weeks. the biotech index is down, some of the time drags on the index today. as for tech losers, cognizant technology, shares are lower after the company cut its guidance for the second time this year. a cut their rating to a neutral. says the long-term outlook is positive but the near-term issues are around health care and financial sectors. one bloomberg analyst says it is a bit of both. near-term pressures, but there could be macro concerns around i.t. spending as well. something to pay attention to. vonnie: of course, there has to be some winners. i am looking and one notable winner, so i am dying to know the news. abigail: it is monday, so we have a bit of m&a news. mattress firm up on the new

let's go live to the nasdaq with abigail doolittle. >> we have the composite index up, the only one ofhree major indexes in the u.s. trading higher. this has everything to do with biotech. picture ofautiful all the sectors in the nasdaq. the top sector now, health care. it is off of its highs. it was up well more than 1%. close to 1%. this is a 14% weighting to the explain whying to with the red the nasdaq is higher at this point. behind the health care strength, the biggest boost his bio jen on biogen on news the drug did pass the final stage study. he is saying this is a surprise a lot of analysts were not forcting and the big upside the stock on pace for the best day in about 15 years on the news the company will be receiving a $75 million licensing fee to develop and commercialize this drug. when we think about biotech overall, something we have been tracking is a possible reversal of the ongoing bear market in biotech. when we look at a one-your chart, we see the nasdaq index is starting to peak above a trend line marking the bear market. the trendline is not used to mark the tren

that is abigail doolittle with us from the nasdaq.eck out that the retailers were shorter left month, the slowdown following what this august quarters in years. and it could cold in the third quarter. there isn august, but an that there could be uncertainty. here to break down the numbers carl, a u.s. economy is mountain of data this month, what did you see that stood out? carl: retail sales where the main focal point. we also had some other economic releases on inventories and wholesale inflation. the real story here is, after the last couple of years, we have seen the retail sales performing very well in the second quarter. in 2014, 2050, each year for casters got excited that forecasters got excited that they were having a breakout for the economy, that the sluggish growth was going to give way to an above trend expansion. but in each of the years, momentum faded at the back half of the year, so that is the concern now. joe: this is the chart we are looking at, the wholesale sales, personal consumption, tell us what we are seeing.

denver area, and police say a lot of it is coming from domestic violence cases. 18 year old ashley doolittle was killed in mid june.. her ex boyfriend is accused of murder... he said he was mad about their breakup. just a few weeks later - 52 year old cara russell was killed at work in downtown denver... her ex-husband tracked her from buena vista. she used to be mayor there, but left after the divorce. the attack triggered evacuations in and around denver's union station. and last saturday... denver police say a man shot a woman in southwest denver on knox court... before taking his own life. a second double- shooting happened the very next day... .... this one on denver's harlan street. police say a man shot a woman then turned the gun on himself. it continued this week, as police in centennial investigated after a woman confessed to shooting her husband... the man lived.. .but police say the woman took her own life after calling 9-1-1. tonight to discuss the impact of domestic violence. the executive director of the rose andom center - which helps victims -- says domestic violence is a co

oliver: abigail doolittle at the nasdaq, thanks so much as always.stocks around the globe are in the red. indexes in asia and europe getting hit today. losses in the s&p 500 headed for its worst day since the selloff sparked by the brexit vote. if you go to the terminal, i am looking at the world equity index function, and you can see a pool of red. the green down there -- one of those is hong kong, which did not treat today. pretty much everywhere you look is red. our next guest sees opportunities to capitalize on increased m&a. joining me is benjamin segal, portfolio manager of international equities at neuberger berman. is this a blitz -- the selloff we are seeing, or are we still headed higher? mr. segal: i think so. valuation is starting to a compelling, particular in europe. you mentioned brexit earlier. that is a significant opportunity. really, some companies will find challenges. in general, we are looking in finding opportunities. scarlet: in terms of these opportunities, for instance, softbank buying arms holdings -- are we talking about t

>> guest: kids books i got into the doctor doolittle series which back in my youth nobody was reading nobody ever heard of it and tell the movie came out but most people discovered he was and what it was about i think it was a british set of books but for some reason i got a kick out of the talking animals. jindal hardy boys and all those that followed that it was part of who we were. my mom was an immigrant come eighth grade education she taught herself everything under the sun and cooking, shorthand, reading and that probably inspired me. she was born lithuanian and brought here at the age of two and the population came from germany to baltimore and in chicago and st. louis she would have been part of that with the huge lithuanian population. in that was a three mitt -- thriving part of east st. louis and what they could work at to become a switchboard operator but she was my original teacher. >> what types of books to gravitate towards? >> mostly nonfiction i don't force myself but i tried to discipline every third or fourth book to read something fiction it is good for me if you t

doolittle of the neighborhood w she has that dog her companion and she feeds other animals. >> r is much more to come on fox 8 , important day for us. this is the day to pick up your packets. >> cmelissa reid is at edgewate beach, we can see people pickin up your packets. we are at the packet pickup that began atat 3:00 o'clock un 7:00 o'clock this evening. jus four days from the annual fox 8 foxtrot. this year, running for local veterans and louis stokes cleveland va medical center. we cannot do this alone, so many people are a part of this. trevor gile from the northern ohio honda dealers, tells about being part of the foxtrot? >> fwe owe so much to veterans this is one way to give back this is the third year sponsoring the foxtrot think 50,000 that has been raised and something that we're going to continueue and to continue raising money for different organizations. >> what is it like to see all of northeast ohio gathering? >> absolutely, we sell wheelchair accessible vehicles. we've been calling at the va we have a huge valentines day part for the veterans so we try to get back it's

nasdaq whereo the abigail doolittle is standing by.iday, itally took the nasdaq to a record closing high today. down just slightly, .2% right now. is, isstion around that it possible for a move higher or from consolidation? are we looking at a brief pause before a move down? the answer will rest with the includingig sector tech and bio discretionary. we do have the nasdaq biotech index down more than 1% on pace for the worst drop in about 15 days. and nasdaq sector overall. as for the biotech sector, it has been on fire. it comes in the context of what has been a pretty brutal fair market. it is still down more than 25% from the record. he thinks biotech is not out of the woods yet. drug pricing concerns. analysis, thisal is a new market in biotech. we take a look at the 200 day moving average. tells usullish and it that buyers are becoming much more interested over the longer term moving average. it is downward slightly, so that is perhaps a little bit bearish. the last time we had the moving average, it moved back down. >> i will say

we go now to abigail doolittle at the nasdaq.il: we have some interesting stuff going on here. the nasdaq open on pace for a record high. just slightly above the levels needed to make the record closing high. excuse me, i am being dive bombed by a fly. it will be interesting to see if the nasdaq can in fact close at those levels. apple, this is interesting. the new york post is reporting part inle could take the right share company, lyft. just moments ago, we were fortunate enough to speak to an git.yst at beach ye they have the right people and this could help, this potential opportunity in the future could help to make up for the slowing iphone. scarlet: part in the right one of the stories today is best buy, which has been a big winner here. what sort of ripple effect to say for the nasdaq company? abigail: this is gopro, shares are sharply higher. let's take a look at the bigger picture. when we take a look at the 14 month chart, we see a huge downtrend. the maydown but up from low. andpoke to someone earlier the question her

let's go to the markets were abigail doolittle has the latest. abigail: great to be here. good to see you in person. we do have a nice rally going on here for u.s. stocks, the dow s&p 500 and nasdaq are all nicely hired. we see the bullish activity accelerating for the day. nice exemplified the dow having its best day since august 5. we pull up a chart in the bloomberg, beautiful rally. this is where we started. we are now nicely higher on the best day for the dow since august 5. of the s&p 500, it is a bit a different story. we have the s&p 500 languishing to some degree in a range interestingly unchanged over the last 10 days despite some of the choppiness in the range. individual movers, let's look at stocks moving on music news, starting with amazon and pandora. up nicely on the news out of a report from the financial times that the company could want a streaming music service very soon. perhaps as soon as next month. pandora is nearing a similar agreement but unlikely in september. when we throw serious into the mix, slightly higher and andorra has flipped into the re

abigail doolittle is at the nasdaq with more.have the nasdaq fluctuating between's -- abigail: we have the nasdaq fluctuating. up 20%.re aboved $.50 in cash, well the initial offer back in april. the shareholders are probably pretty happy about her. these are all biotech stocks here for the nasdaq. on thethese stocks scarcity. similar andis very could come with a big price tag. a rare disease company. it could fit very well but however, what is interesting is it does not have it modeled to break even until fiscal year 2018. investors and companies may be willing to pay up for that. this is actually not m&a, it is more special it -- speculation. people saying they could be bought in the price probably coming somewhere around 23-20 four dollars per share. the stock is already up 46% this year. $23 per share suggests the stock could move up by 20% from the current levels. the japanese rival, diversification, industrial and consumer and auto save haven. >> nina has more from the newsroom. leaders are meeting today to discuss brexit e

let's get over to abigail doolittle.n small gains and losses. in the biotech sector, with we have a winner up 25%. jen will bet bio paying a licensing fee after their drug did not meet the primary end point in a study. this is a positive for both companies. it will give them a big bump in revenue. this is a largely unmet need. move,g to another biotech seattle genetics. it's lymphoma drug did need the primary gold and a study, improving the life of patients. it also met the secondary endpoint. biotech may be in a bear market. but seattle genetics is bucking the trend by 7%. alix: staying with tech, apple has become the biggest bond issuer in the world, raising $80 billion in just four years. joining us with more on the risk of investing in corporate is brad, barclays head of corporate strategy. rising nine times faster than cash. what is the risk for investors? >> right now in the credit markets, there is more demand for investors one in corporate bonds then there is a need to issue from corporate. we have seen it in the

let's cross over to the nasdaq where abigail doolittle is standing by.rd. we have an eye on a couple of stocks, starting off with the kc communications. they reported better on friday and closed higher by 41%. some of what could be happening is a high bear shortage. shorts could be covering a bit of a short squeeze. the company went public on may 12 of this year with the stock at $23. it is now above $100 per share, gimme more than 325% in a very 325% -- gaining more than in a very short time. news that the company has received approval for various bodies in china through its partner in satellite . go go will be able to offer those services in october in and out of china. the stock had a rough time since its ipo. is a pretty high their shortage this year. a tale of two cities this morning. alix: thank you so much, abigail doolittle on the nasdaq. we are back with rick rieder. the second day were you have all three indices of record highs. how long can that continue with bond yields so low? rick: i think there is a function on bloomberg the use where its

matt: let's go to the markets desk aware at the of doolittle has the latest.oking at a similar holding pattern to what we have seen all day. small losses for the major averages. the dow, s&p, and nasdaq are down modestly. when we look at a chart of the s&p 500, we see just how small this decline is, not a lot happening. this is a 10-point range. it looks a little dramatic on the intraday scale, but this is a 10-point scale. in the retail space, we have some companies on the move. abercrombie & fitch are crumbling, down 20%, on pace for the worst day since 2008 after the retailer posted a wider than expected second-quarter loss. it looks like there are real problems here in the u.s. along with their flagship stores in taurus locations. another retail disaster, g3 apparel. this is the worst day since the middle of march. down about 30%. the cause today, they also missed second-quarter estimates. they guided down for the full year. the dollar is at a one-month high, .6% higher on the bloomberg dollar index, wreaking some havoc on metals. this in metal and mining

and so looking at we have these big names, amelia earhart, charles lindbergh, jimmy doolittle. but you'll also have engineers. you have entrepreneurs. these people who really come out of these story. for example, the curtis race their you guys saw on the tour, we know jimmy doolittle flew it in the competition. but siras is an unknown person from the '20s and '30s but was considered the best pilot in america when he flew that plane but he died young, probably two years later in a crash. so he disappears from history when he probably would have been just as famous as doolittle but he died in a plane crash. >> we began our conversation talking about america by air. i wonder if you could take a step back and explain the significance of commercial air transportation to the u.s., to the world, to the economy. >> well, you know, this great connection and story between the united states and commercial aviation is there. it's the great distances of the american continent. you know, the 48 states, trying to connect the continent by air which drives a lot of the technology in terms of th

let's take a look at how these markets are performing with abigail doolittle.aker, as two firms have taken their price targets higher. brad erickson has raised his price target by 22%, and he thinks the gopro holiday season could be strong, but there is less than 5% of -- upside potential. we have matt ramsey who took his price target up to 35 -- by 35 -- by 30% to $85. he cited many of the same reasons. another stock trading higher on the open, we are looking at florida net, shares of the security company are up. thinks the owens management focused on enhanced profitability should help the shares with a 25% upside potential on a stock that is already up 14%. thiswens downgraded software security company, this morning. he said the company's fundamentals continue to be challenged. he also thinks it is going to take longer for this company to turn things around, so he is moving to the sidelines on a stock that is down more than 25% this year. caroline: nice tech movers. let's talk the titan of tech. being down, currently 7/10 of a percent, on the back of an order

abigail doolittle is at the nasdaq. let's start with you.ban region -- urban outfitters. abigail: urban outfitters was up huge last week but not so much this week. analyst lindsay drucker says the -- last year it was one of the worst-performing stocks in the nasdaq but lindsay drucker is saying they have turned the brand around. and there is not a lot for terms of improvement. -- disagrees. she thinks there is room for improvement especially around the free people brand. turning to a sock -- to a stock soaring -- up nicely. soaring on takeover chatters. if the company's japanese rival seeks a takeover offer it could be up to $24 per share. if this happens, it's a just that the stock, already up more than 20 percent in the premarket, could trade higher by another 20%. alix: thank you so much. abigail doolittle joining us from the nasdaq. -- joining usitch from london. know, we were seeing gains in the stoxx 600 earlier. helped by a weaker euro against the dollar but the gains were short-lived. in commodity producers are really waiting on the

to abigail doolittle at the nasdaq with the big movers there.aking a look at the big movers, we have another day of wait-and-see tight trading -- type trading. the nasdaq is up 1/10 of 1% as investors are treading water ahead of tomorrow's jobs report. beneath the surface, we have lots of movers. in terms of the plus side of the ledger, we are looking at a very nice day for some of the mega cap companies including facebook, amazon, microsoft, and intel. we have nice moves up on an apparent lack of fundamental news. we reached out to bloomberg intelligence analyst paul sweeney. he said the market has been sloppy and investors may be looking for the tried-and-true somewhat -- atat a somewhat better price. >> but the nasdaq every higher, what stands out as a notable lack creating the tension in the market? abigail: one big loser on the day right from the beginning is trip advisor. shares are down 9% at this point after tripn lows advisor ms. second-quarter earnings and sales estimates. a pretty big miss. year-over-year decline in growth. isall of t

for more on that we have abigail doolittle.: we are looking at some weakness for than the nasdaq. are some of most the well-known mega cap names associated with the nasdaq including apple, cisco, and amazon. first two the index's day law since june 27 and the end of the brexit bottom. that could be interesting if that takes place. cisco reports today after the close. analyst for the third time in a row are looking for a small year-over-year decline in revenue. we also have a report saying cisco could lay off as many as 14,000 workers or 20% of the workforce. another drag on the nasdaq e offered a disappointing fiscal first-quarter earnings guide. ubs downgraded their shares to a sell. vonnie: what about some bright spots? retail --e have some apparel retailers trading quite higher including urban outfitters on pace for its best close in about four years. very solid second quarter. they beat earnings estimates. children's place offered a better-than-expected guide for the full year. boosted guidance by as much as 20% both of the

abigail doolittle at the nasdaq.trends on producer prices, consumer price is, factory deflation, all of which points to stabilization for the economy. some saying china is not out of the woods just yet. michael, thank you for joining us. it's china data week this week. what is your read so far? do you see signs of stabilization? >> one funny fact is we are expecting better than expected data. we still have three years of falling prices. with that said, it's starting the trend in the right direction. there was one piece of bad data we should focus on and that was in poor. generally a bad sign for the domestic economy. still not seeing a lot of robust demand. >> what do you -- that might be a sign of diminishing slag in the economy but what do you attribute that to? >> you still have a slowdown in china so we are trying to balance the economy away from industry, more toward consumption but it's a very hard into do. what's really stabilizing the economy isn't that you suddenly have a miracle. a lot of people had to lean

scarlet: thank you so much, apical doolittle.: crowdfunding was once seen as a godsend that gives small investors the chance to be part of something big. does crowdfunding even matter anymore? does it matter? >> absolutely. thank you so much for having me. there is no one in the tech fest sec or start of community that would turn down und a new source of funding. it is not quite tailored to the tech sector in some of the ways that it needs to be. pushed it have they forward? >> let's take a moment and say exactly what it is. for people who are not familiar, they may be thinking of a kickstarter. that is a different kind of funding. equity are talking about crowdfunding, this is a new phenomenon. it originally past four years ago with the jobs act of 2012. four yearsing at rollout. what it does is it allows everyday people, everyday investors to become shareholders in a company so they can invest in a startup and actually become a shareholder in the company. available to accredited investors since 2013. it is now tailored for ordi

abigail doolittle has more. abigail: it is another record-setting day for the nasdaq. have the nasdaq on pace for another record close. that will happen if it closes above 5262. the end x put in a new high. far as what's going on, we have another strength day in biotech. the emanate mania from yesterday, it took biotech stocks sharply higher yesterday. there could be more m&a activity and its carrying through today. to the not a surprise berg intelligence analysts. back in june, we said the valuation from the biotech bear market set the stage for this sort of action. brian abraham said yesterday with the recent i give he would could he heading into a dealmaking season. it could be next. another stock trading higher today is gopro. -- trading high on the best buy blowout quarter. we had a great dialogue this morning with someone saying those results are not meaningful. it's more so for fitbit. it suggests the gopro consumer is healthy. 60%stock is down more than over the last 12 months. weak fundamentals led to that decline. some investors may be excited for the new cam

let's go now to abigail doolittle, live from the nasdaq. the nasdaq. the most important level for a recordnot actually high at this point. it is last week's closing level . could close higher for seven weeks in a row. if below that level, a six week level will be snapped. one big influence or piece of the puzzle will probably come down to apple. the biggest number waiting well off of its highs but still boosting the index. pretty interesting here, to give a sense of how important apple is to the nasdaq. acaciathe imilar communications up 30%. some analysts think the strength will continue. he sees a super cycle in china. however, there is a short interest here. some of this could be a short squeeze. oliver: thank you very much. abigail doolittle down at the nasdaq. but central banks and brace bitcoin? according to our next guest, it could be just a matter of time until things around the world introduced their own currency. ise to talk about the risk max. great to have you on here. we have known each other for years and years, ever since i b

abigail doolittle reporting live at the nasdaq.t real estate is where good deal of opportunities lie. joined bloomberg goern earlier today. >> we are seeing additions to the commercial property side that are likely to have a significant impact. certainly, we have seen significant increases in the amount of multifamily housing under construction being delivered in some places like san francisco and new york. that is where the first new supply occurred i suspect we will see it across as more multifamily housing is available. i have been kind of a bear on for some time. i see a lot of movement in the office space arena by do not see a lot of growth. who areue to see users more more clever of needing less space, and therefore, less demand. on the single-family side, i don't know enough about the numbers that you just quoted in terms of housing. issue oni think the housing has been the fact that there has been very little inlity to generate demand what we call the starter levels. ultimately, our entire single-family system has been star

gaining.q abigail doolittle is that the nasdaq.: this may come as a bit of a surprise considering that the nasdaq is just about flat, but this is a very exciting trading day for the index, considering that today's closing direction is likely to show whether the nasdaq and close higher on the week for seven weeks in a row. nasdaq's six-week winning streak will be broken. does weekly trends are very important to pay attention to. now helping the nasdaq the most, helping on the side of the tug-of-war to the bullish side, apple, the biggest boost today. this stock has not managed to hold onto its gains over the last two sessions. i.ther big boost is nvidia big growth in terms of earnings. revenues grew by 24%. even more impressive is that shares are up more than 160% over the last four months. we looked into what is behind this. strong execution from management and the fact that the company is moving into new segments away from gaming. as to whether the strength continues, it could have to with whether the strong gaming cycle continues

we have abigail doolittle in mid-down been hadn't -- midtown manhattan.il: after opening slightly higher on the open, the nasdaq was on pace for a weekly decline. we now reverse that. the longest weekend winning streak since 2009. a pretty big number. we will see how the -- how they trade out. just having a great way on a big rating rate quarter. they beat earning and sales estimates. expecting a company lower than expected loss. very important here compared to bloomberg intelligence communities. the revenue grew by 14% year over year. it really offers investors predictability. perhaps explaining why the stock is up 10% on the year. less fortunate, shares down 4.5%. nonetheless having their worst day since february. after the company offered a slightly disappointing third-quarter earnings of view, expecting to make $1.25 per 35 centsd one dollar per share. a consensus around 129. they have beaten some of the times in a row, the bar's high expectation. uptrend.beautiful we'll secede the stock is well above the 200 day moving average. happened the that stoc

we have abigail doolittle. abigail: we do in fact have the nasdaq. new all-time intraday high. though, this woman thinks the major u.s. equity major will be giving a bit of a breather. if that happens, she would see it as a ying opportunity in all of this longer-term strength and momentum. as for what is helping the nasdaq, there are two things playing out, strength in china related, china-based stocks, which are at a record high. and others.du they are rising more than 2% in today's session, best day since may 31. m&a speculation around the property developers really helped chinese stock. tech,cond big thing, big as is often the case. apple, cisco, intel, also micron. the chinese related stock, micron is one of the best related performers. this raised the firm's estimates to a break even in profits for the fiscal 2016 versus the forecasted loss of eight cents by consensus. thehinks this will go into first half of fiscal 2017. behind that is dram stock pricing. moderate upside potential for the shares of micron, one of last year's worst in the nasdaq

matt: thank you very much, abigail doolittle at the nasdaq. >> you have tesla announcing that it is addingilowatt battery to the model x and it will bring down zero to 60 2.5 seconds. is a lot of jargon in here which i do not understand which you do very well. saying it will be a powerful car that will appeal to enthusiasts. matt: it is aimed at someone who cares about numbers. you already had so much power at tesla. 700 horsepower for all wheel drive. no other production power you could buy offered that much. already, the previous been, except for the dodge challenger, and that was only rearwheel drive. this will be more powerful than that and still the all-wheel-drive. it will be able to propel the car more quickly than i can with a motorcycle. if you could understand the has got toeight, it be more than 3000 pounds. it is incredible they would he able to do this. >> we knew that elon musk would make this announcement. he said it was a product that pushed the stock up. you can see this -- the stock took a leg lower and is now kind the unchangedound line, up 1%. certainly a lot lower. str

abigail doolittle, thank you very much.&p 500 index is on pace for its best day since august 5, rebounding from a three-day slide. our next guest says sustainable gains need to be predicated on faster earnings growth. thanks for joining us. i just want to get your take on the last few days in the market. spoke, we sawllen a big rally in everything at the same time, then reversed. today were seeing a reversal of that. what do you make of the market action recently and what we learned from the fed speakers in jackson hole last week? >> not much, or not enough to dispel the confusion. confusing because on one hand, we know september is if you listen to the comments by janet yellen and other members of the fed, what is apparent is that even if the fed growth this year, it will be a shallower, shorter cycle than we've seen in the past. thatconfirms the notion it's still a low environment. the combination of better economic data, people are not overly worried about the fed. that's producing some good market movements. >> we've he

record and more from the nasdaq, we go to abigail doolittle.il: the index hitting an entire -- an all-time intraday high, just below those levels right now. the question around this new high for the nasdaq could be, are there more records to come? something we have seen with the s&p, new records over and over. the index quickly retreated and dropped 18%, so this will certainly be an interesting macro story to watch. as for today, we do have the index higher. let's take a look at the big winners. front, we ares looking at microchip and charter communications. microchip be estimates on the first -- fiscal first-quarter. charter put up a nice second quarter as well, eating sales estimates. it looks like the strength for charter is coming from their internet subscribers. internet business is up 12%, year over year for $3.1 billion in revenue. vonnie: other winners -- are there other winners today, given that it is breaking records? : dish network is up -- she2% after mccoury's sees about 20% of side for the shares of dish network. she also believes

abigail doolittle is standing by to tell us about all of the action.il: we have the nasdaq gaining a small amount of steam into the close of the trading day. it has been a wait and see trading day with the nasdaq opening slightly lower and trading ever so slightly higher for much of the day. perhaps investors are waiting for the big jobs report on friday before more of a directional cue. beneath that is a lot of movement pier 1 of the big losers of the day, shares of the apple supplier to happen down more than 10% all day on pace for the worst drop in more than a year after a fiscal first-quarter growth estimates, fiscal growth quarter markets, all of this by a very solid sales -- he says the growth margin miss is masking sales and related aroundre outsourcing and says the sales beat could find you a rant for business,related perhaps a positive. turning now for the winner of the day, a company up nice the on paper, more than a year after a modest second quarter. it looks like what analysts really like here beyond that solid quarter is a very good third

much.thank you so that was abigail doolittle joining us from the nasdaq.o momentous bank of england crannycision, manus joins us now. it seems like the message at the banks, lenday was this money on. you do this if we give you this coverage. manus: very much a clear message from governor carney. pass it on, in case you haven't heard. really hammering at home. going after the gilt market and corporate bond markets and going after the interest rate markets. the first rate cut in seven years. 1994.west since this was an mpc that stands ready that is ready to move forward. mark carney: all of the elements in this package have been scoped to increase. the boe can increase bank rates and expand the scale of assets held in the asset purchase facility. monetary policy and fiscal policy. the new chancellor and the governor have been in touch. complementsis, what monetary policy? something quite comprehensive in the terms of fiscal policy. alix: absolutely, there is a ball being passed to the fiscal side. he saw a huge drop-off in sterling and across the curve. now

let's go to the nasdaq with abigail doolittle. hey, abigail. we are friday at the end of the week, minutes before the close and the nasdaq is right around flat after very small gains and losses all day. lastis a mirror image of friday. also, going into today, last friday, the index was up a little bit more than 1/10 the 1%. exact same scenario. and how the nasdaq closes, whether it is up slightly or down slightly, will determine whether it can put in its eighth weekly winning streak. since 2012. weeks it's interesting to see. if it does put in that eight-week winning streak, it will be again since 2010, which last time, that winning streak right before, oliver, the great flash crash. behind the tension, we have some winners and losers. on the losers side, shares of the organic food company down huge on the week, down 30%, having their worst week of performance and 13 years after paint celestial said that there celestial said there were reporting issues. they had to abandon their full-year target. we were fortunate enough to speak to joe vendett

let's go live with abigail doolittle.co: modestly, slightly lower today but the nasdaq is trading higher by more than .8%. u.s. equity averages finishing higher at least at this time and if the nasdaq has managed to pull this off, it will be the second up month for the nasdaq in a row and the longest month joining streak since last year. most.has helped the this reflects about 7%. the stock was up about 2%. because of that, some of the from thedoes reflect company's better than expected june report reported in which i. launch the will iphone 7 -- in late july. the company launched -- will launch the iphone seven. they may be partnering up with may have bought a cable company, good stuff on on here but when we look at the monthly chart i looking at dtv 3214,looking we e selling pressure, the downtrend is still in effect. this is important because we look back at 2013, stocks in a big way on margin issues, it took quite a bit of time to overcome the selling pressure. it is important to see whether or not this stock could in

scarlet: thank you so much, abigail doolittle, reporting live at the nasdaq.to the lowest level since mid-october of 2015. a year later, is chinese monetary policy and currency policy on a more sound footing? what you miss?," george was in. >> the people's bank of china introduced a policy in december with capital controls that have been tightened. the economy is looking a a little more stable things to robust stimulus program that the chinese government introduced. for the time being, things certainly much more beyond. we had an appreciation since redemptive, butn the nobody seems to back nine at the moment. -- to bat an eye at the moment. >> should we be paying closer attention to this and that there is a signaling of the underlying chinese economy or that we can kind of move on and move past the depreciation? george: my feeling is that global markets were guilty of overreacting in august of last year and again in january of this year, i think at the moment that they are being a little complacent. markets may have had to me things to think about -- fed polic