the dow jones nasdaq and s & p 500 are all in the red this hour. as you can see dow jones and s & p down 1%. here in france, unemployment data for the month of june has been released. the figures indicate a slight improve. the total number of job seekers with no work at all has increased to 0.3%. they called for caution when interpreting the data. now britain is in search of reforms within the european union if it's to remain part of the block. both sides agree efforts by europes own nations could go in tandem with what the u.k. wants. prime minister david cameron is seeking assurances it won't decline as europe goes further. >> >> let's look at some of the other stories making headlines at this hour. they're the largest generic drug maker in the world and more players should combine to fit costs and improve efficiency. the company says the deal will help improve access to affordable drugs. the shopping streak continues for billionaire patrick. he'll complete a new venture to pick up a 49% stake in tv. the move comes following the failure to recover

we are seeing the dow jones, the nasdaq, and the s&p 500 in a negative territory, with the nasdaq leading the way down 1.5%. investors are suggesting some comments coming to the federal reserve this session. the fed says it will need additional information before can start raising interest rates stateside. this is how european markets shut up shop. it came as greece made an official request for a third bailout package, and also promised to present a number of reforms as early as thursday. perhaps some optimism that the greek situation may be heading for some sort of resolution, and that may the part of the reason we can see european shares trading to the upside a little earlier. shares in british house builders and state agents also came under pressure on wednesday. investors believe that the british government's latest budget may undermine demand for luxury housing. the government aims to close a tax loophole where people who work in britain without claiming legal residence there lower their taxes. more details on the first all-tory budget since 1996. reporter: as the british finance min

the dow jones, s&p, and nasdaq each lost more than 1%. and jill wagner you were on the trading floor as the turmoil unfolded. did the technical glitch stop all of the stocks trading? >> well anne-marie no. the stocks continues to trade elsewhere. only 20% happens on the new york stock exchange these days. buying and selling quickly moved to other exchanges. there are some 60 venues competing with the new york stock exchange and this isn't the first time that u.s. markets have been hit by technical issues. in may of 2010 the dow plunged 600 points in five minutes. the flash crash was blamed on a computerized selling program and seconds later it caused problems and confusion when facebook wentear they required routine exchanges of systems. they're also to be notified of any hacking. anne-marie? >> thank you, jill. jill will be back later on with business headlines coming up on "moneywatch." >>> pro bowler. espn reports the new york giants player had his right index finger amputated. he had been hospitalized saturday with injuries to both ha

and microsoft. both those stocks were the worst performers on the blue chip dow index. encouraging results just were not enough. by the close the dow jones industrials were off. nasdaq declined 36 and the s&p 500 lost 5. >>> more on boeing results. it made one of the bright spots today, rising 1% on the day despite cutting its 2015 earnings forecast. still, we hear why investors were so encouraged by the results. >> on the wings of a strong performance by its commercial airplane division boeing's 2 q earnings were better than expected. it beats the street consensus by 25 cents a share with stronger than expected revenue. one big factor is the company's commercial plane business. boeing delivered a record 97 airplanes last december. 37 of them streamliners. meanwhile the operating cash flow was a very healthy $3.3 billion. boeing is in position to take advantage of future opportunities. >> i think if i look at big opportunities and risks, certainly going forward, our opportunity to execute on our commercial aircraft backlog and to do that profitably and return cash to shareholders and fund our future innovation that is the single biggest opportunity we have. >> mullenberg admits boeing st

here we are off highs of the session but we have the dow jones industrial everything is up. dow, nasdaq, s&p the russell andow this about volume. the average volume per day lately for the one month is 3.4 billion. we're above that right now. so we're looking at pretty significant volume there are a lot of players in this market today. and to see this at the beginning of july is interesting thing because usually people they didn't sell and go away or swim in june but they're still involved. right now we have pretty significant swings and transport have turned around 96 points looking at buying at the moment whether that's short selling or squeezes, what have you, we have market players who were jumping in for the moment. now the second time in just 7 days, talk talks between iran ax major powers passed yet another deadline and extended talks three more days. new deadline set friday july 10*9 a u.s. spokeswoman saying that, quote, substantial progress has been made in every area. really? will three days finalize a deal and what then does that mean for u.s. and its relations in the middle east. congress must a

and limits remain on atm withdrawals withdrawals. the troubles in greece influence u.s. stocks. the dow jones closed down frick points. the s&p 500 and the nasdaq also ended the day down as well. >>> pope francis is in what tour as part of his thee country store of south america. crowds lined up waiting for the pope's motorcade. he led an open air mass in a park then greeted hundreds of thousands of spectators. later this week pope francis is scheduled to make stops in paraguay and bolivia as part of his 8-day tour. we're a little more than 80 days away from the pope's rival here in philadelphia. for more information on the pontiff's trip go to cbsphilly.com and click on papal visit. >>> we are now hearing from the parents of a 12-year-old boy seriously injured when a plane crash landed on a california beach on saturday. the parents of nicholas bear spoke tonight from the hospital. he was hit by that plane as he was walking back on at the beach from the water. he suffered a concussion, underwent emergency brain surgery but is now in good condition. >> it's interesting living in a community and feeling like you know some people but when somethin

and the continued rebound in chinese stocks added to the positive tone. the dow jones industrial average rose 211 points to 17,760. the nasdaq gained 75 points and the s&p 500 added 25. for the week which saw trading stop at the nyse big gains and losses in china and greece comes face to face with bankruptcy the major averages finished just about where they started. should investors inspect much more turbulence next week? the outlook from the new york stock exchange. >> here in the u.s., the dow strirl industrial has moved high to low every day since tuesday. that's twice the usual volatility and china, forget about it. the main china etf in the u.s. moved down 20% earlier in the week then rallyied all the way back representing 300 of the largest stocks on the stock exchanges, like the dow moving down almost 4,000 points in almost two days then rallying all the way back crazy. it's been volatile in europe too, germany swung in the 6% range in the lows on wednesday when it looked like no deal in greece closed on friday in the highs for the month. now it's going to be another busy news week coming up. all the leaders of europe meet on sunday to give thu

and so did the stocks. at the close, the dow jones was 93 points higher. it had been down more than 200 points and the nasdaq rose five points and the s&p 500 gained 12 points. mary thompson is at the new york stock exchange with more. >> a remarkable tu 200 plus p reverses th11n market closed indicating heavy selling weighed on u.s. stocks in the early trading.e day and that he. the index falling below a key technical level during tht level, held by -- helped by broad based buying that was seen later in the day.a decidey def stance as they await news from greece on wednesday. start of the u.s. earnings season. that's when alcoa reports and any more signs to stem a slide in the stock market are working. the groups that led the markets higher in tuesday's session -- utilities and consumer staples. for "nightly busine" i'm mary exchange. >>> though oil losses may have pared the losses they still fell. gold prices also tumbled and l very wary of what's going on in greece and maybe even more in china. jackie deangelis reports. concerns about eurozone's y and market vola fleeing from energy and meta currencies weake on the back the turmoil, the is priced in. >>

s&p 500 just fractionally higher. the dow jones is up and the nasdaq seen higher by 12 points. this follows yesterday's strong rally. the dow was up by more than 1% s&p up by more than 1%. the major averages snapping a five-day losing streak and closed near the highs of the session. actually we saw pretty heavy volumes. 4.1 billion shares were traded on the nyse versus 3.4 billion that you saw. today all eyes on the fed and whether the statement will give us any clues on when the fed will move ahead with its first rate hike but also one sector that did extremely well in yesterday's trading session is energy. saw that up by 3% yesterday because investors came back in and bought some of the beaten down commodity stocks. why? it's because oil prices bounced back quite tremendously in yesterday's trading session. we saw crude up by 1.2% the biggest gain in two weeks. let's show you what crude prices are doing right now. we are a little bit lower again so that gain didn't last very long. wti crude is back heading towards 47.76 up by half of 1% but spot gold is up by 2.25%. how are yo

nasdaq continues to rally today. solid earnings helped all three averages close modestly higher. the dow jones industrials up nearly 14 points. the nasdaq almost 9 points higher as you see there, and the s&p 500 was up one point. >>> oil prices briefly dipped below $50 a barrel. the lowest level since back at the beginning of april. take a look at gold prices. falling below 1100 $an ounce at one point during trading today. that folks is the lowest point in five years. >>> in addition to tech heavyweights reporting earnings tomorrow dow component verizon is also out. verizon isn't just a telecom company any more it's becoming a big player in the media space. julia takes a look at the transformation. >> verizen is taking a new strategy to differentiate its service for its consumers and its company for investors. the acquisition of aol was a key step to build verizon into a media company. you look at the evolution of wireless. it's gone certainly beyond voice and data and really video is the driving factor. many say video is the killer app of 5g which standards are now being produced. verizon believes getting ahead of this is a very good way to position themselves longer term. >> verizon i

and send stalks higher. by the close the dow jones rose 217 points to finish at 17,977. nasdaq gained 73. the s&p 500 added 23 points. >> but despite the deal between greece and its creditors, there are still a number of uncertainties surrounding the country's long material financial fate. and this deal came at a very high price, including tough conditions no one is sure is country can fulfill. a report from athens. >> reporter: greece is still in the eurozone but just barely. after an all night negotiating session in brussels, the country emerged with a worse deal than one they rejected a week ago. pension reform which will force greeks to retire later and contribute more to their retirement. higher sales taxes on many products. reforms to the labor market and product markets and a brand new requirement. greece must transfer ownership of $50 billion worth state assets to an independent fund. those assets will be sold over time to help recapitalize the banks and to pay back some of what greece owes to the rest of europe. the greek prime minister alexis tsipras will persuade that it is no longer

. >>> now, when the closing bell rang yesterday the dow jones lost 261 points ending at 17,515. nasdaq has dropped 87 points and s and p lost 34 points. we will have a live report from wall street coming up in our next half an hour. >>> right now police are looking for a gunman after a deadly shooting in north philadelphia. the shooting happened around 8:30 on the 2900 block of north bailey street. police say that a 24 year-old man was shot multiple times and he was rush to the hospital where he was pronounced dead. police say a private surveillance camera reported part of the shooting and detective are reviewing it new to id the shooter. >>> search is also on for a suspect in the double shooting in frankford police say a 22-year old woman and 31 year old man were shot in the 4600 block of hedge street. investigators say that shooter armed with an assault rifle fired several shots in the victim's home. >> there were nine other people in the house, at the time and there were seven juveniles, and two other adults. so seven shots fired into that house, with a total of 11 people only two of them are shot. now that is

nasdaq composite to a new high. by the close the dow jones industrial average was 70 points higher to finish at 18,120. nasdaq was 64 point higher. at that new record. and the s&p 500 was up almost 17 points. >> netflix was the topper forming stock on the s&p 500. shares surged 18% to a new high after a strong quarter and sharp increase in subscribers as we told you last night but even though the company is growing gang busters netflix is about to face a whole lot more competition. >> streamsing video pioneer net nix is the industry leader with 65 million subscribers around the world drawing a range of rivals. in addition to amazon ramping up it's investment in original content for its prime service hbo and show time launched direct to consumer streaming apps and now there's a new kind of adversary. traditional providers offering slimmed down digital content bundles and that's not all. >> facebook may have some play in this long-term. youtube should have some play in this. in the past they should have had a play in this and they haven't. that was an underexecuted opportunity for them. amazon will be out there. >> what he says will distinguish the service is t

and stocks around the world went lower. let's look at the boards on wall street. the s&p and nasdaq are down and the dow jones is down nearly .25%. of goal ofa check this hour. -- gold. it is trading up over .75%. crude oil is retreating. 5.75 percents down and trading at $53 and 64 since per barrel. market,n the treasury as you can imagine, there is quite a bit of buying in the bond market. the yield for the tenure has come down to 2.31%. a few weeks ago, we were around 2.5%. theeyes are on the euro in currency market. the dollar is also a bit weaker so there are lots of worries about the contagion from greece. let's look at the top stories -- namedeek government has the new finance minister. it comes one day ahead of an emergency meeting with creditors in brussels. economist was the lead bailout negotiator before the referendum was called. greece voted against recent creditor proposals required for bella cashin he replaces his predecessor who quit earlier today. he said his departure would help bailout negotiations reach an agreement. greases extending the bank holiday and capital controls through wednesday

about a half-hour ahead of the close, the dow jones is up 88 points about half a persent. the s&p and nasdaq are up as well. >>> an italian luxury carmaker could soon be coming to san francisco. pagani wants to open a showroom on valencia. the showroom will be made for handmade cars that will sell for upwards of $1 million. some neighborhoods are against the idea with one business owner in the area saying the car dealer goes against the independent spirit of the neighborhood. >>> the special olympic torch made its way through oakland. it's on its way to los angeles later this month. >> the torch and special olympic athletes received a welcome at the kaiser permanente plaza. the police chief and other community leaders were there to greet them. the torch is set to run through several bay area cities including napa, concord and pleasant hill. special olympic games are held july 25th in l.a. >>> major league baseball's game is in jeopardy due to rain. when it does take place, zack greinke will start the game. the american league will counter with the houston astros, dallas, buster posey will st

for the first six months of 2015 the dow jones industrial average fell about 1%. the nasdaq the biggest gainer up 5% and the s&p 500 flat. and today, the final trading session of the month, the second quarter and the half the dow rose 23 points to close at 17,619. nasdaq climbed 28 and s&p 500 gained 5. bob pisani has more on what worked and what stalled out in the first half of the year. >> the end of the first half of the year has proved to be a very mixed bag for investors. the s&p 500 is only 3% from its may historic high but that's a deceptive picture. there have been some winners but also a lot of losers. first, let's look at the winners. banks and health care groups banks have benefited from a rising interest rate environmt and hopes for improving economy while health care and pharmaceuticals has also been strong. but there are many factors that started the year strong and have become stalled in the second half. for example, housing and there's a affordability issue and prices are getting higher and wages are stagnant and higher mortgage rates have investors cautious. retail stocks have been all over t

dow jones nudes wires, news corporation and 21st century fox. so you've got a wide audience here. let me quickly tell people dow jones industrials down 258 points. the nasdaq is also lower, and we've got the s&p down about one and two-thirds percent, lower by 34 points. i want to bring in a cybersecurity expert who specializes with the financial institutions. right off the bat i have to say everybody is saying this is not, not, not some type of hack or some type of nefarious behavior. so let's just say that's true. does it send a message then that we are vulnerable and right at this moment do we have the bad guys trying to find little cracks and ways in? >> all the time, liz, all the time. look, i'm not going to, i'm not here to challenge nyse's statement that this is not a cyber awe tack. you know, they are pretty san francisco candidated in the kinds of systems -- sophisticated in the systems they have in place, i'm pretty sure. but no less than jpmc was breached quite terribly not too long ago. then opn in the government, that incident occurred not too long ago as well. and the other reality also is that it takes on average about nine months for breaches to be discovered by enterprise co

dow jones industrial average closed at 1850. the nasdaq was off by nearly 6 points and the s&p 500 fell by 1 point. for more on those clashes in greece. anti-austerity protesters were throwing fire bombs and rocks at police in front of parliament where lawmakers debated tough economic american purchases must be improved. michelle caruso cabrera reports from athens. >> reporter: there were clashes in the streets of athens. molotov cocktail being thrown by protesters leading to dozens of explosions and fires in front of parliament. the protests inside parliament. members of the government were debating a controversial set of austerity american purchases would raise taxes, austerity measures. it will force changes in the greek economy and attack a lot of vested interests and different political clashes. we are still waiting for that vote to occur. the political analysts say there is little doubt the bill will pass. what does remain doubtful do the greeks have the ability to actually implement what they've promised to do? in athens michelle caruso cabrera. >>> china's economy, the world's second larges

dow jones industrial average fell 119 points. to 17,731. the nasdaq was off 25 points and the s&p 500 was down 12. the cautious mood also was reflected in commodities with oil prices slipping below $50 a barrel increasing inventories and concerns about iranian shipments, fueled concerns about swelling supplies. >> the fbi has a warning for american companies, be wear of chinese corporate espionage. the attacks are becoming more brave brazen and the targets more broad. the fbi is making a big push to alert companies of the dangers. what is the fbi doing? >> a big push in terms of publicity to warn american companies about this spike they're seeing in corporate espionage coming from china, they say they've seen about 53% more cases this year than they did in the previous 12 months. there are hundreds of cases out there now, of chinese corporate espionage. they gave us this video. take a look this is surveillance video provided by the fbi that shows two chinese executives there on the left-hand side of your screen. the chinese thought they were going to bribe this american executive for access to gla

dow jones is down 87 points. nasdaq and s&p also lower. apple dragging down tech stocks.e stocks, it's down about 5% right now after two hours of trading. that's despite reporting a 10.7 billion quarterly profit. apple sold 35% more iphones than it did at this time last year. most of that steals growth coming in china. however, investors are concerned because apple did not break out sales numbers for the new iwatch. >>> 8:24. the sales of existing homes jumped 3.2% in june. that's according to the national association of realtors. that's the fastest pace in more than eight years. they say the limited inventory of available homes also boosted prices to a record high of $236,400. realers say buyers may be rushing to close a sale before mortgage rates go up more. >>> sales are increasing as workers feel more secure in their jobs. >>> citibank is being ordered to pay $700 million by the consumer financial protection bureau. the agency says they lied about charging customers about free trials and sell them fraud alert services but never alerted them about fraud instead they wo

the dow jones gaining 14 points, the nasdaq up 9 and the s&p inched up about 2 points. >>> it's a promisebig cash with a schmuhl, but this flipping money -- smile, but this flipping money post on instagram is a scam. you could see someone holding money in your account with a disruption of how easy it is for you to -- description of how easy it is for you to get some if you send a text and make a small investment, but don't fall for it the national consumers league says. it's just another way to steal your money. you think you've been a have. of this scam, file a complaint at fraud.org. >>> the online websites of cvs, costco are still offline as part of a data breach. all the sites are owned by staples. cvs and rite aid say their customer credit card information is not processed by the same entity. >>> and self-driving cars are getting their own city. the university of michigan is opening its 32-acre simulated city for self-driving cars today. 60 companies are going to test out these cars in a real world environment. the city has angled intersections, a traffic circle, a bridge and a four-

the s&p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8.6 points. we're higher for the second straight session closed out the highs of the day, the dow and the s&p up by 0.7% each. we were pretty much unfazed by the fed. once again held by the rebounded in oil, energy stocks doing very, very well. i want to show you what's again on with european equity markets. we are modestly higher no huge gains. we've had so many earnings out this morning. by and large, they were better than expected. jpmorgan saying the proportion of companies beating earnings estimates is the highest since they started compiling that data since 2009. go figure. the xetra dax higher by 0.2% the ftse 100 also up by 0.3%. >> that means we're good at revising lower our expectation. we're getting in loan with the u.s. here. >> that's the usual game. we finally caught on to that didn't we? >> we did. >> let's take a look at the foreign exchange markets. the dollar bid at least off the back of the fed statement, very little language change. still expectation, improvement in the labor

nasdaq. dow jones industrials 200 points. nasdaq, s&p and russell all down more than 1%.just one point off session lows. the yield in the 10-year falling to 2.2% after those fed minutes. kelly, this is something we are watching because we did see a spike on the fed minutes. interestingly though session lows for the tlt, the bonds, were just about at the glitch. after the glitch they started rising. >> we do have full team coverage for you of this glitch. brian, melissa, sue herera art cashin we understand the next 15 to 30 minutes are critical because we need a seamless reopening. correct? >> it is going to be a little bit of a carl wallenda act because all the other venues are still trading. if it was simply a reopening, we'd do it like that. so it is almost like a relay race. we need the baton passed carefully. we'll open as stocks are already trading. >> how will that work, art? they've already cleared out all the open orders that were on the books when the glitch happened? there went the demand at that moment. do you put out a shingle that says we're open for business

dow jones is up by 29 points. s&p 500 and knack also up. but just -- and nasdaq also up. but just by a fraction. >>> banks in greece are open. but the greek people still face restrictions. they are limited to a cash withdrawal daily of $65. they will be paying higher taxes. the greek parliament last week increased the 13% tax on some meats, cooking oil and other products up to 23%. that was one of the bailout conditions improsed by the creditors. >>> nine bay area counties have lower unemployment than the state average. according to the development department, california has a 6.2% jobless rates. it says the highest rate is in solano county. that's where it's 5.9. the lowest is 3.3% and we find that in san mateo county. >>> today's the latest deadline for the coliseum city proposal. last week, city and county leaders met with the developer, $4.2 billion plan has driven criticism. after officials respond today the developer has a few weeks to produce a final development plan. >>> interesting video. it's of a coyote in san francisco spotted by one of our crews this morning.

little bit of a selloff in the major averages, particularly in the dow jones industrial on negative earnings reports. the s&p and nasdaqing a little bit more deeply into the red. if you look at the imap on my terminal, the various sectors and what they're doing, we are seeing a lot of red. in particular, utilities and industrials are trading lower, energy stocks are the lone standout today. stocks,he telecom verizon is leading them lower. the company added more subscribers than estimated last quarter, however, it cut its sales forecast for the full year, saying it expects growth of only up to 3% in sales to the full year, and that is because of price competition with smaller rivals. rivals are also falling today, at&t and t-mobile lower along with verizon. as for the energy bright spot, we are seeing a lot of the underlying commodities and not just in energy, but in commodities in general, rising today. rebounding along with gold prices will stop consol energy up with oil, but also we should mention consol energy which is more of a natural gas and coal producer is rising after it said its biggest shareholder called on

at the close the dow jones industrial average fell 261 points to close at 17,515. the nasdaq fell 87 points and the s&p 500 was off 34. >> as sue just said, chinese stocks took another plunge today and it was dramatic. despite that country's regulators taking fresh steps to bolster the market. the shanghai composite fell another 6% overnight making that index's total decline over the past month about 30%. that translates into more than $550 billion worth of losses. and the recent plunge hasn't gone unnoticed by u.s. treasury secretary jack lu. >> the concerns that is a real one, what does it mean about long term growth in china. i think that that, i would break it into two pieces. how do china's policy makers respond to this and what does it mean by the core condition of the economy? i think the first is quite critical. >> in beijing a bubble bursting. >> reporter: we saw plenty of votes in the stock market. we went down to a brokerage amidst all this and the mood was fearful, panicked, emotions were running high. the focus was mainly on this mass trading halt that we had here and what the chinese me

. >>> today we saw gains on wall street the dow jones picking up 138 points and the nasdaq gaining 36 points and the s&p about 14.5 points up on the day, kraft share holders have approved the deal to sell the company to heinz they first announced the deal in march they will control 51% of the company along with warren buffet, and the new company will trade on the nasdaq. >>> disney is the latest company to distance itself from donald trump after comments made. he said mexicans bring in drugs and he called them rapists. now they are ending the relationship, nbc and univision have dropped trump in light of those comments. >> we are talking about how wild the weather has been so far this summer. >> it's muggy out there and adam joseph is tracking the latest. >> i'll take the heat and humidity, and the sunshine especially after what i was dealing with yesterday afternoon, a few, puffy cumulous clouds all is looking good from the ben franklin bridge and all looks good at the shore. as we look at june's review here this is the first day of july, philadelphia was the third wettest june in its history with 8.

dow jones up by more than 200 points. it's been positive all morning long. s&p 500 and nasdaq also doing well. >>> a new agreement between greece and the creditors is helping. and j crew is launching mercantile. it's set to be a value brand with the signature style. this comes after the brand sales fell 5% in the first quarter. the ceo of j. crew is the same man who created old navy as president of the gap in the '90s. >> the first shop opens in dallas this month. >>> comcast is preparing to launch a streaming video service as it faces more and more competition from netflix and hhu -- hulu. the new system will be available to comcast existing customers. us ears will be able to watch live tv from a dozen networks. the service launches in select cities by the end of the summer. it will be available to all customers by early nextier. another big milestone for a beloved florida manatee. snoody is about to turn 67 years old. the spla museum is holding a -- south florida museum is holding a big party. he will maic it into the guinness book of world records as the oldest manatee. the