the dow loses 14 point and the nasdaq down 7. walmart is buying jet.com for $3 billion plus stock. jet was founded just last year and quickly grown while walmart's online slumped. the retailer is seen as a competitor to amazon. >>> you could get your next cell phone hand delivered. at&t are expanding the service. they launched to miami, houston's, atlanta and dallas. the free service includes an hour of help setting up that new device. and that's your money watch report. for more, log onto cbsmoneywatchreport.com. i'm britt from new york. >>> weather and traffic on the fours. >> hey, gang. today, i've got good news for you if you're going to phoenix. it's going to be cooler. 100. 101 in dallas. if there's severe weather, it will be extreme north eastern colorado shooting towards the dakotas. cool temperatures and relatively cool. 89 in miami and 87 in atlanta. joel, we're looking at 94 degrees for the high today and we could have a few cooling thrs >>> take a look at u.s. 36 and sheridan -- it should be a great drive along i-70 along pena boulevard. britt and alan, we have the a-li

wall street will -- the dow losing 33 and the nasdaq down 5. volkswagen will compensate their dealer was a $1.2 billion payout. it was after the admissions cheating scandal. amazon is getting into the car business. they have a new search engine on its website that allows customers to compare for vehicles, parts and accessories and you can buy parts and accessories on amazon, cars. at least not yet. >>> that's your money watch . for more gs log onto cbsmoneywatch.com in new york, i'm brook. >>> the biggest projects in a day of service is coming up is colorado feeds kids. hundreds showed up to pack meals for kids hungry. that's not the only big volunteer project though. >> we have another big project low income kids and disabled veterans that we're providing that to. >> xcel energy day of service is september 10th. you can sign up now by going to cbsdenver.com. great thing to do and great way to volunteer. it's organized for you. you show up, dave. i'm glad you showed up this morning. >> yeah, you show up. that's a fun day. and they picked a grea

a little warmer and drier with the storm >>> after a record day yesterday stocks finished mix, dow losing 37, s&p 500 down 2, nasdaq gaining 5 setting a new >>> from colorado's sports leader here's aaron matas. >> good evening. we are running out of ways to describe this broncos defense. it is preseason, is a shutout, seven sacks and an interception for the broncos en route to a 22-0 win over chicago in the preseason opener. keep in mind they accomplished that without von miller, demarcus ware or aqib talib playing a snap in the game. imagine adding those three as the preseason rolls on. >> the nice thing is obviously there's a lot of faces not out there, but yet the play was very solid, fast and just a lot played extremely well. it sure looks like we've got a chance to be deep again. >>> emmanuel sanders had just two catches and limited action against the bears, but don't worry. our 9news broncos insider mike klis shows us sanders is getting plenty of work in at training camp. >> reporter: know a kid that wants on it play catch all day with the little brother or next- door neighbor? emma

the dow >>> the dow loseing 5 3 and the nasdaq dropping and the s&p slipping as well a little bit more than 5 points and what is slipping the dry weather here. it is pretty much gone, i don't remember a day like this. it is just amazing. scary for so many people, ul paul, we rarely get 8, 10 hours like this. area of low pressure west of us on the wet side the thing we're watching. and kind of looking at this is that the strong band of rain or heavy band approaching. and on pinellas now. this is the type that could spin up a quick tornado. we'll be watching this. it is moving over coastal pinellas now with very, very heavy rain fall. we'll zoom in. it is sarasota tora pinellas and moving northeast. and across the county for at least the next half hour. can you see it to downtown. it extends to clearwater beach to pinellas park. it is rotating to the north and the northeast. this contains rain fall about 2 to 3-inches per hour. add another inch or two to the amount that is around 10 inches. hillsborough. some of this will impact you the rain and down by bradenton and sarasota, it will ki

the dow losing 37. nasdaq down 20 and the s&p dipped 6. >>> mexico's military is conducting search and rescue after landslides there that have killed dozens. they started over the weekend in landslides. 45 people are dead. an official said 200 buildings were destroyed. military troops are now digging through the mud and mess there looking for any survivors. there is progress in the battle to contain the zika virus. the mosquito control director of miami-dade said the population is dropping in the miami neighborhood linked to more than 20 zika infections. the contractors boost the staff and w insecticide into storm drains. residents are urged to eliminate standing water on their property. >>> and they're making a difference. that is -- it has been contained. they hope they are okay. >>> we have a break from all of the standing water that rain that left a lot of standing water that's been here for days. we got a nice break from that. >> now it's back. come up over the bay. they're moving to tampa and pasc

the dow losing 53 points. the nasdaq dipping .19%. let's go over how oil can be crushed so badly, down $1.78. we've got inventory numbers that indicate we have oil coming out of our eyeballs. how much? total petroleum rose to 2.1 billion barrels. we're being flooded with crude from overseas and still pumping here. we've found a triple off the bottom. they've found out how to get more out of the ground than they could two years ago. in the last 18 months it should dazzle silicon valley. the reduction of oil consumption because of newer and more efficient engines. investors must presume there must be slackening in demand due to a weakening of the economy. they never stop to think about innovation, technology. i get that. one of the things we've experienced this summer is the resurgence of things like housing, all because of job growth. however, in order for the stock market to absorb the rate hike, we've got to feel confident the economy's firing on all cylinders, don't we? there's no way we can fuel that if our best thermometer of the

dow's losing streak has hit seven sessions after dropping 91 today. s&p 500 lost 14.daq fell 46. >>> president obama says donald trump is unfit to serve. trump unloads on both the president and hillary clinton and has a message for some republicans. we'll get reaction to it all from the panel when we return. >>> republican nominee is unfit to serve as president. i said so last week and he keeps on proving it. i think what's been interesting is the repeated denunciations of his statements by leading republicans. there has to come a point at which you say, enough. and the alternative is that the entire party, the republican party, effectively endorses and validates the positions that are being articulated by mr. trump. >> president obama with a lengthy and very forward-leaning attack on donald trump today at a press conference at the white house. trump campaign put out a lengthy statement in response to that. the vice presidential nominee who was first on camera to respond. >> allowing for the fact that barack obama knows a lot about being woefully unprepared to be pres

dow's losing streak has hit seven sessions after dropping 91 today. s&p 500 lost 14. 46. >>> president obama says donald trump is unfit to serve. trump unloads on both the president and hillary clinton and has a message for some republicans. we'll get reaction to it all from the panel when we return. hey, ready for the big meeting? yeah. >>uh, hello!? a meeting? it's a big one. too bad. we are double booked: diarrhea and abdominal pain. why don't you start without me? oh. yeah. if you're living with frequent, unpredictable diarrhea and abdominal pain, you may have irritable bowel syndrome with diarrhea, or ibs-d. a condition that can be really frustrating. talk to your doctor about viberzi, a different way to treat ibs-d. viberzi is a prescription medication you take every day that helps proactively manage both diarrhea and abdominal pain at the same time. so you stay ahead of your symptoms. viberzi can cause new or worsening abdominal pain. do not take viberzi if you have or may have had: pancreas or severe liver problems, problems with alcohol abuse, long-lasting or

the dow didn't lose. we got our numbers crossed. up 18, s&p up 4, nasdaq up 15 >>> hi, everybody, trevor can reach out and touch it. as long as he doesn't have to lift his arm too high. siemian participated, only for hand offs, can't throw due to a sore shoulder during last weekend's loss to the 49ers, even so he presumed to start against the rams. >> he couldn't throw today, very sore shoulder, he made that tack t individual, unable to throw today. we will see where we are at tomorrow. i expect him to be there, it will be a day-to-day process, looks like, as we get him ready. >> saturday night's game with the rams is channel 20 at 6:00, we are live, 9 news broncos insider mike klis is at team headquarters, lets play klis and tell. 4 days until kick off, siemian can't throw a football, how will this affect the quarterback competition? >> reporter: why not a little deal for the broncos? the siemian tackle attempt not only looked bad, it was bad, he jammed his right shoulder pretty good there. i do think it is not going to affect the

the dow now down for seven straight days. the longest losingk in a year and extending those losses in the premarket action. it is worth noting the index is down 1.4% during that 7 day period thachlt is the smallest decline in 75 years. joining frus boston is director of global macro infidelity investments. how do you explain this losing streak? it's not major in terms of the selloff, but it is lasting a long time. >> seven days may be a long time for a trader, but the typical investors, seven days is not a long time. the market broke out so right after brexit, the market fell. it fell less than people thought and then it turned around which nobody really expected and then before we knew it. we were at finally at new all-time highs above that 31.20 level on the s&p. we went all it will way to 21.75 which is a 40 point rally thachlt was a stealthy rally as well. now we're giving some back. typically when a market breaks out, it will retest the breakout point which will be 21.30. it doesn't surprise me that we're kind of giving back some here. i t

dow on track for the longest losing streak of the year. we'll be right back. ♪ .. d nasdaq seeing their biggest decline since june. the most important economic release will have major implications of the market and politics. i will dig into deep into all of this, trish reagan will take you through the next hour. trish: the markets are off 145. after coloring hillary clinton the devil and saying the election in november is rigged. this is president obama turning a press conference with the prime minister of singapore on the transpacific trade deal into a political attack ad on donald trump. he is saying donald trump has no decency. what was that we just saw? welcome to "the intelligence report". the president going after trump, in an extraordinary attack. >> he doesn't appear to have basic knowledge around critical issues. he is woefully unp

the dow on a quiet seven-day losing streak. and dow futures are falling again.eason. stock markets lowered overnight. in japan. and oil is up but just over $40 a barrel. >>> job seekers will no longer have to divulge their salary history aimed at ending the gender pay gap, making it illegal to base pay on previous salaries. and also protected paid family leave, taking care of sick relatives. and employees will have to wait until they extend a job offer, a job offer that including compensation before they can ask about salary history. the law goes into effect july 2016. and just one state that may be a start and one way to try to address gender pay disparity in the workplace. >>> all right, 58 minutes past the hour. is there trouble inside the trump campaign? that's the big story of the morning. republican nominee says no. but his staffers are telling cnn, another story. "new day" picks up that now. >>> the republican nominee is unfit to serve as president. >> for him to be calling me that is almost an honor because he truly doesn't know what he's doing. >> incre

following that dow seven-day losing streak. that's what we're on. trying to get off the schnide. d open lower by about 15 points. it hasn't closed seven days a row in a year. we're hoping to break that streak today. the s&p with implied open down two. the nasdaq would open down six. >>> we have a mixed quarter for clorox. earnings missed by 2 cents. clorox giving an upbeat outlook for 2017. fiat chrysler in talks that samsung to buy a unit. allergan is selling its anda distribution business. anda, as they say. never heard of it. well, thaer selling it to teva. the price tag? half a billion dollars. >>> petroleum matches estimates with the quarterly loss of 18 cents a share. revenue came in below estimates. it also said it saw full year production at the end of its previous projected growth range of 4% to 6%. >>> for those who follow bill gross closely, he's out with his august investment outlook. gross saying he doesn't like bonds and doesn't like most stocks. gross does like land and gold. >>> breaking news right now, u.s. economy adding 179,000 new private sector jobs in july na

the dow on a seven-day losing streak. dow futures up. s&p 500 futures negative four.e struggling to put together a day of gains. from new york, this is bloomberg. ♪ ?c+sv david: better than estimated for european banks, will it help? jonathan: the service sector has grown for the past -- fastest pace in seven years, more reason for bank of england to act tomorrow. alix: money manager bill gross says he does not like bonds and most stocks but favors gold and other real assets. david: wacko -- welcome to the second hour of "bloomberg ." out with hiss come outlook. he is the king of bonds and was to be the king of gold. about theas warned negative yields and what the repercussions could be but his liking gold. gold is up 28% on the year. it's partly because of the central bank monetary policy with negative rates and bill gross is jumping on that bandwagon. jonathan: when bond yields are at a record low, stocks are hitting a record high. he says bonds are too risky. i don't think that's that controversial. gold, real estate come away from traditional securities like s

the dow jones losing 65 points and it's nasdaq down 42 points and the s&p 500 losing 11 points on the day. >>> philadelphia knows a thing or two about celebrating independence days, philadelphia celebrated the freedom of a different country. the action cam was there for independence day, they hosted the ukraine's ambassador to the united states and others, today marks 25 years since the ukraine declared independence from the soviet union. check this out a little boy in knowledge is a huge fan of men and women in uniform and wanted them to know it. 5-year-old william everetts jr. delivered lunch he saved up his allowance and treated the officers to subway sandwiches and wanted them to eat healthy and he was given a special police department shirt and other gifts from the department. william's mother says it was his idea because he simply loved police officers. >>> the work in progress but days away from opening. they held an open house to give the community a firsthand look, the school is in philadelphia's kensington section and the mission is to reengage student who have struggled and

dow industrial losing 76 points. (scal): good day, m'lady! i am sir-can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! see what spam can! do... at spam.com >>> tracking zika. looks like the virus could stick around for some time in gulf coast states are the most vulnerable. the zika virus could hang around the u.s. for a year or two. states like texas and louisiana could see cases. florida already hard hit. zika has been found in two neighborhoods of miami-dade county. wynwood and miami beach. last week nontravel related infections were found in miami beach. there's a travel warning heading for pregnant women heading to those neighbors. >>> laura, you have a love for rock crabs? people are told not to eat the ones caught out of half-moon bay. this warning is from coming from state public health officials after dangerous levels of acid were discovered there. the warning applies to shellfish. raw crabs found in waters south of pigeon point in san mateo county and north of cypress point in monterey co

the dow ended its seven-day losing streak, s&p 500 also climbing.&p rebounding from its biggest lost in four weeks. we are trying to weigh different things like the latest jobs data and corporate earnings. joe: pretty solid day. nothing to germanic word dramatic. who contributes the most, who takes the most away. the top five index points contributors, four were financials, aig, j.p. morgan, citi paul giving big contributions. p functionk at the ima on bloomberg, energy stocks did the best. joe: on the government bond , there continues to be selling the last several days. you can look at the australian a sharp jumpd, ace sharp jum up. that's keeping with the broader story from g7 developed countries. g7 bond yields at their highest level in five weeks. this is still incredibly low, the average yields across various government bonds. there has been an uptrend. japan is reaching the limit of how much a can buy, people concerned about the same phenomenon happening elsewhere. this is something to keep an eye on, the increase in yields. scarlet: is this

the dow closing higher by 40 points thanks in part to apple and goldman sax. >> the losing streak ise. >> it continues this theme where it was minor losses and minor gains and it looks like equity futures just slipped into the red. they were higher this morning. >> by all of four points on the dow. very flat markets overall like you said. >> the biggie tomorrow the government jobs report for the month of july. yields slowly creeping higher. 1.54 is the yield on your 10-year. some selling of treasuries along with selling of stocks. >> just like the stock market, we haven't seen a huge amount of selling pressure. we've seen yielding higher over the last couple of days. not a lot, but still like you see there yields ticking ever so slightly higher. let's take a look and the see whether we're getting cues from the european markets right now. we are seeing a bit of a positive side of things if you want to call it that. the dax in germany up. the cac in france the ftse 100 very flat ahead of that very important interest rate information and perhaps kind of forecast. >> decision where they

with tyler matheson and sue herera >> the dow sees its longest losing streak in nearly a year and oil prices settle below $40 a barrel. new concerns. consumers are spending. businesses are not. and that's raising a lot of questions about how where the economy is headed. scaling back. aetna runs up losses on its health exchange business, becoming the latest to consider its participation in the program. those std m tonig on nightly business report for tuesday, august 2nd. good evening, everyone. i'm sue herera. tyler is off this evening. blue chip dow index lost itself year.h in a row making this its the reasons ib collude falling oil prices, mixed auto sales and concerns over the italian banks. not even a stimulus package out of japan was enough to calm fears. dow industrial average lost 90 points. it has been down as much 150 points.e nasdaq was off 46 snap its five-day win streak and s&p 500 fell 13. as for oil prices, they settled below $40 a barrel for the first time april and the auto stocks shift lower today after july sales pain a mixed picture. sharfiat chrysler fell today. ove

the dow jones industrial average hoping to break the 7-day losing streak. a down day would mean the biggest losing streak in 5 years so stocks are down calling for donald trump to speak up. i am charles payne. there is fear among republicans the donald trump's latest step will divert republicans from the economic message he should be pounding former republican presidential candidate ben carson on this, donald trump needs to get back on message. you are close to donald trump, what everyone called the straight shooter. should donald trump get back on message? >> bear in mind the democrats only have one way they can win, that is to keep donald trump off message, keep him talking about things that really don't matter and don't have a big impact on the country. and make this into a personality battle. they figure they can win. there is no way they can win on the economy when we have $20 trillion debt, huge fiscal gap, all these things going on with isis and terrorist groups, educational woes. the number of problems for which donald trump has some very good solut

the dow topping a seven-day losing streak. energy stocks leading the way as oil prices are 3%. bout $40 a barrel. and the dow rising 41 points to 18355. the nasdaq up 52 to 5129. back to you. >> we'll see what happens a. landon dowdy, cnbc, thanks. >> 68 degrees, the temperatures are cooling down and the humidity, well, it's already lower this morning. we're in for more sunshine and a really nice day. skies are starting to brighten up. a live view from the rose hotel in center city. jessica boyington watching the "first alert" traffic. what's going on this morning, jesse? >> we have updates for you, here construction, the 95 ramp closed earlier around broad street. a big thumbs up. that's not closed anymore. we'll update you on the bridges and check in on the northeast decision. >>> and fate decided and a workers' strike. >>> also villanova basketball fans today is the last day to get your picture taken with the national trophy. we'll tell you how when we come back. ♪ ♪ ♪ >>> right now on "nbc 10 news today," back in court, just two days after his release on bail, monsignor will

nicole: in the markets, the dow posted its longest losing streak in your den seven straight sessions.nny. s&p futures down for. lauren: stocks in japan lost 4% myth that economic stimulus package. the one great air on the screen coming to shanghai composite gaining a quarter of 1%. nicole: oil prices and a below the $40 a barrel mark. good news at the gas pump. more trouble for the oil cash. through the admin becomes the latest giant to expand its about the care business. we will have the story. nicole: the days of unlocking your smartphone with a passcode are over. samsung unveils a new card. the doping issue is still being debated. bright here in new york on wednesday august 3rd. welcome to "fbn:am" come a first look at today's markets can latest breaking news and what to expect a day ahead. lauren: donald trump firing back at president obama after the president criticized the nominee. charmed by "the o'reilly factor" last night. >> i think he's the worst president in the history of our country. he's been a disaster. he has been weak. he's been an effect it. the recovery setting rec

dow industrials losing 41 points after nearly setting a report yesterday. >>> and we're counting downhe days to rio as the opening ceremony is now just three days away. >>> opening ceremonies is really unlike anything else. there's so much pride there. i love seeing people from all different countries and. different sports. and it's just a time where you get to kind of take in the moment. >> it takes your breath away. you mow when you step into that stadium you see how many people from around the world who are competing for their country and how many people from around the world are really watching you in that stadium, it's exciting. >> when they announce the united states is walking in, all of a sudden you can see all the people stand up. >> united states of america! >> i mean rg it's sending chills up my spine right now. it was the most incredible thing. >> that's when i knew what it was because the minute we walked in and the place erupted, you cac actu actually felt it within your goid. >> the first tomb i got goose bumps is when i wasn't racing. during the stadium, you walked in

the dow jones losing about 53 points on the day.daq gained almost seven points and the s & p 500 also sliding a few points on the day. hey, speaking of business, the businesses in and around a few areas in our city are going to love this one this weekend. feast party explore the city and sample all kinds of beer. did i get your attention? it's all part of brooklyn brewery's 2016 mash tour where they descend upon a few global cities for a few days of fun. and guess what? we're on the list. right now it's happening here in philadelphia. >> this is our fourth stop on the tour. we'll go to nine different cities this year. we kicked off in london and stockholm. >> among a list of events on tap this sunday it's neighborhood immersion which is all about exploring the city on foot. >> we'll be celebrating all of the amazing bars, restaurants incredible shops that are here in fishtown and northern liberties. >> it starts at the schmidt's common on second street where you pay $20 for a day full of adventure. >> passport. you can have coupons

. >>> doing a quality check of the market, dow industrials losing about 80 points.wn about 20. did you know that advertisers are paying attention to what olympic sports you're watching and what athletes you read about so they can advertise to you better? an ad track company called trade desk tells cnbc it's been able to link people's favorite sports to other things they like. for instance, if you paid a lot of attention to women's soccer, you are probably interested in history, they say. they also say you travel a lot and you really like cats. if you like gymnastics, you probably are more likely to be a business owner, entrepreneur. and you like video games and, weirdly enough, you're interested in body building. basketball fans, you can guess what kind of shoe you probably like. basketball fans also apparently like dogs and they're more likely to use coupons. and if you're saying to yourself, wait a minute, i like basketball but i also like cats, right. it's an idea that -- just a general idea that when you link the data together you see trends and generally speaki

dow industrials losing about 17 points. >>> 6:44. a veteran santa fe police officer is in jail accuse of leaking sensitive police information to street gangs. "today in the bay's" bob redell is live at headquarters are the department is expected to release more information about what's being called operation gang of throne, bob? >> correct. good morning, laura. officer derrick antonio, a nine-year veteran of the san jose police force was one of 21 people arrested in connection with operation gang of thrones. this was a five-month-long investigation into a local vietnamese street gang conducted by the sjpd, da, and fbi.tonio y counts of unauthorized computer access and one felony count of accessory after the fact for providing sensitive police intelligence to gang members. sjpd placed him on leave two weeks ago while they conduct an internal dpainvestigation. operation gang of thrones resulted in 33 search warrants of homes, businesses, and vietnamese cafes where this gang based some of their operations. police have accused this gang

energy and financials help but financials help the town with its recent losing streak into the mix back in a wait-and-see mode. the dow futures of corn. s&p futures down one. down about eight. lauren: thanks, nicole. or that. or really big driver of stocks. back above $40 a barrel losing 13 cents. gold down $7 a loss of $1.6 a share with missing estimates of 52 cents. capital management said after the bell that tesla needs to start making a profit. >> tesla every time they make a every time you make of car they lose money. simple as that. for me if i were a bear market, it would be half the price of a better start making money in the future. earning is everything when it comes to market it may take advantage of a better market right now. true to tesla to produce 80 new cars in 2016. lauren: may be a bus, too. wal-mart to make a deal to compete with amazon.com. the online discount retailer jet.com. a deal with those the efforts helping it to expand to rapid home delivery from a nap work of massive suburban warehouses. it is rare how much format with a for the unprofitable started jet. check could be valued as $3 billio

the dow extends its losing streak to six days. the dow falling 28 points. the s&p down by three.nasdaq rallying 22 points higher. that's it from cnbc, first in business worldwide. >>> it's time for the "your business" entrepreneur of the week. john grew up in his parents' grocery store. with competition from the big chains, they could no longer compete. now they don't. now they focus on one thing only. soda. they sell over 750 kinds. for more watch "your business" sunday mornings at 7:30 on msnbc. >>> brought to you by american express open. will your business be ready when growth presents itself? our new cocktail bitters were doing well, but after one tradeshow, we took off. all i could think about was our deadlines racing towards us. a loan would take too long. we needed money, now. my amex card helped me buy the ingredients to fill the orders. opportunities don't wait around, so you have to be ready for them. find out how american express cards and services can help prepare you for growth at open.com. findthis dog treat calledress max and dentalife.covered it's really differen

after a shallow advance, the dow produced seven losing sessions. the bull market was lucky that it wasn't more damaging and permanent, because every time the market takes a sharp turn down, more people flee. what looks more promising? i see the humanization of pets, semi-conductors of all shapes and sizes and the steel stocks. how about those to avoid? the retailers, super markets, restaurants and airlines and travel and leisure businesses. let's roll up our sleeves, okay. and go over these winners and losers. first, let's tackle bpets. i still think the best thing besides the internet of things, no. you're looking for a true rising tide. i say look to the growth in spending on companion animals. this is that so-called humanization of bets, not to confuse with the "secret life of pets." the ceo of i dex laboratories, when he came on the show five weeks ago, goes like this. as cats and dogs become more involved with their masters as being demonstrated by being allowed to sleep in your bed, health care spending on them has surged. sure enough, it gav

dow snapping a seven-day losing streak. energy stocks leading as oil prices rose 3%, above $40 a barrel. look for data this morning on unemployment and manufacturing. the dow raising 41 to 18355. nasdaq up 22 to 5159. intel is recalling fitness launch and is urging owners to stop using the device immediately on concerns overheating could cause burns. intel first raised the issue in june and hoped a software update would fix the problem but that didn't work and the company says that customers should return the watch for a full refund. >>> and carl icon will close the taj mahal in atlantic city after labor day. tropicana entertainment says the strike has cost them millions of dollars. four other atlantic cities 12 casinos have shut their doors. donald trump juiced to own a stake in taj mahal but lost when he filed or bankrupt difficult. >>> 4:52. opening ceremonies for the rio olympics just a matter of 30 or so hours away. but the competition, sam, as you well know has already started. the women's soccer team taking the field

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that good news sent stocks up in early trading on friday after a choppy week that saw the dow break the longest losing streak in a year on wednesday. the nasdaq and the s&p 500 climbs early on friday as well and stocks closed higher on friday as well. u.s. auto sales may have reached a peak. gm and ford and toyota all showing declines for the month of july. while fiat and chrysler had a small increase. it is still an average of 17.8 million units sold on an annual basis and that is up 1% from a year ago and slightly better than expected even with the soft results and it is still a record pace for the industry. >>> we may be spending less on cars, but we are still finding plenty of thing to charge. americans are carrying over $700 in credit card debt. despite our apparent love of plastic, there is plenty of confusion over how the cards work. the consumer financial protection bureau has received 97,000 complaints this year alone. joining us right now with more on this from washington, d.c. is senior personal finance correspondent sharon epperson. and sharon, i'm not surprised to hear about those complai

the dow snapping a seven-day losing streak.se 3%. >>> nike is getting out of the golf club business. it will stop selling to focus more on apparel, shoes. they are struggling. golf is the smallest sports cat groir for nike. >>> and they will close after labor day. the casino is in the midst of a strike by union workers. they say the strike has cost million of dollars. four of the twelve have shut its doors. >>> just ahead. russell westbrook is getting paid. sports the next. polo! marco...! polo! marco...! polo! marco...! sì? polo! marco...! polo! scusa? ma io sono marco polo, ma... marco...! playing "marco polo" with marco polo? surprising. ragazzini, io sono marco polo. sì, sono qui... what's not surprising? how much money amanda and keith saved by switching to geico. ahhh... polo. marco...! polo! fifteen minutes could save you fifteen percent or more. polo! introduces new, easy-to-swallow tablets. so now, there are more ways, for more people... to experience... complete protection from frequent heartburn. nexium 24hr. the eas

dow down for the seventh day in a row. minor decliebs but still we are in a losing streak.n .3%. >> let's get to our road map this morning. and starting with those markets and bank of japan as the japanese cabinet proves their fiscal stimulus. >> and the warren buffett slamming donald trump's business practices and challenging him to release his tax returns. the latest from the campaign trail straight ahead. >> and williams is out with earnings. we're going to speak exclusively with the ceo of that energy transmission company about its decision to cut its dividend by nearly 70%. proxy battle and a lot more. >> as i mentioned the dow has lost six days in a row. potentially going on seven if these losses hold. that is the longest losing streak in almost one year. in the meantime. and italian bank worries continue to grab attention. joining us to discuss it is ed keon. and kathleen gaffney. kathleen, lerts start with japan overnight. it is a giant fiscal stimulus package. perhaps it is because it is the 26th one since 1990. any chance will will lead to a growth spurt? >> it do

the dow broke a seven-day losing streak and gained 41 points. the s&p finished six points higher. the nasdaq rose 22 points. by jet.com and online retailer that launched last year to take on amazon.com. jet operates kind of like online cos costco or sam's club. membership costs 50 dollars a year. members save $10 to $15 on product. walmart is competing with amazon. >>> apple became the latest company to pay men and women the pay equity yesterday. apple also says minorities are in the same as their white and male counterparts. in april, facebook and microsoft said they had no gender pay gap. >>> starbucks is reportedly addressing staff concerns about the hours that they work. staff had criticized starbucks for cutting back hours. buzzfeed reports starbucks promised its employees consistent and reliable hours and is asking store managers to help resolve the issue. >>> nike is golf equipment business. nike says it will stop make making clubs and golf balls and bags and instead focus on shoes and apparel. that means that pro golfers like tiger woods and rory mcilroy who signed deals w

well, the dow sthaps its seven-day losing streak. more on that in moment, but we begin at the intersection of that would be the job market, which has been one of the most vibrant parts, most successful parts of the economy. today, we learned that private firms across is country continue to create jobs at a quite healthy pace. the payroll processing firm adp reports private sector employers added 179,000 jobs last month and that was better than expected. the services sector ranging from retarial taylorso shipp and small businesses led the gains. this comes ahead of the government report that comes out friday. it shows many businesses contin >> meanwhile, fascinating article in "the wall street jour says low skilled workforce e beca globalization and technology, could actually be the key to s the article cites new research from a harvard economist who anticipates a boom, yes, a boom, in low skilled jobs. let's turn to william lee, head e and bill, thanks for joining us, this stud workers w rekindle economic growth to the tune of nearly

s&p trading down six-tenths of a percent, the dow extending its losing streak, looking to close in theaq and s&p also trading to the downside, well below the record levels we saw yesterday there on the nasdaq, and it's all happening just as we await that big jobs report on friday. analysts estimate the u.s. economy added 175,000 jobs last month, that would be down from the 287 in june. joining me right now for a look at these markets and what you need to do to protect yourself, our own liz macdonald along with capital management's president. gary, you've been a little worried about this market here. now seven days in a row, where are we heading? >> well, the last few weeks i turned bullish. today gives me some worry. there's some things going on with japanese and german bonds that have been rigged and manipulated by their country's central banks that got hit. the big thing for me, ultimately, earnings growth stinks, economies around the global are anemic at best. what you have going for you, central banks continue to raise the bar on how much money they print, but eventually there will

dow jones called higher 37 points skpchlt the nasdaq higher by 7 points. was a losing day for the nasdaq. in fact first two day losing streak in quite some time. >> thank you for being was. see your e-mails coming through on turk turkey. keep them coming in you want. for all of you out there have a fantastic weekend. more to come on cnbc.

. >> but first, the dow snapped a seven-day losing streak. oil jumps 3%. here's a look at the closing numbers from wall street. n the west edition of the cbs evening news at 5:30, right after kpix 5 news. ,,,,,,,,,,,,,,,,,,,, >>> paul deanno live in san jose with a little musical treat for us today. >> you know, this is going to be a big hit with kids here in the south bay. or maybe going to drive from some other parts of the bay area. this is not just a set of swings at plaza de cesar chavez. they are the musical swings and your kids' swings or adults, can literally turn into music. take a listen. ♪[ music ] you may make music going back and forth on the swings. it goes through october 2. it was in new york city and miami beach. it will be here for eight weeks partnering with san jose jazz and musical swing 10:00 to 10:00 every day from tomorrow through october 2. it will be awesome. the fire is burning east of lake berryessa. let's get to the weather maps. the wind is not strong today. locally with the fire winds can get stronger but the overall theme is

losing streak. sessioneen on a seven -- that is an interesting chart. we have a little bit of a glitch. the dow had been on a seven session losing streak going into today. here are some of the leading percentage of performers. apple is rising as well and jpmorgan is getting some ground along with oddly the financials today and a bounce in some of the social oriented stocks. twitter gaining after speculation about a potential buyout. that has not slowed down the stocks. yelp to less of a degree. if you look at the financial stocks, american international group trading higher and the company announcing a new buyback authorization. cityut with earnings, gaining ground and the oil stocks experiencing quite a dramatic turnaround after we saw a turnaround in oil prices this well -- this morning as well. they have fallen the most even since crude inventories rose. shery: we will see if the sustained. with get check on the bloomberg first word news with mark crumpton from the newsroom. mark: there was a dramatic scene in dubai when a packed emirates jet crash landed. it arrested in flames after sliding

we're about to break this seven, eight session losing streak for the dow.revolution, we may be on the cusp of one. as you see he on the screen, industrial revolution started in 1760, followed by railroads, electrification, mass production, turns out each of these cycles lasts 45 years. in fact the microprocessor, that semiconductor chip all your phones run on, manufactured in 191, kicked off the computer revolution. are we the end of that? we have mike, mark zinder what he is seeing about the economy. i'm thrilled to have you here. we set you up to look in crystal ball or set you up, what do you think is the next big thing? >> liz, thank you very much. thing to remember, go back to the slide, one revolution ends, another one quickly begins. so it could be biotech. do we cure disease that has plagued society for hundreds of years? is it 3d printing. do we print on demand. does manufacturing come back in america? is it combination of the two? there is company that is now printing living cells and so it could be a number of things. liz: i covered three he dee

the dow is down 112 points, we could see a seven-session losing streak here. dragging yet another day down here? >> i think clearly they've run out of steam, liz. for whatever reasons. you know, we've got the bulk of the earnings behind us. on balance, they haven't been that bad. normally, the markets do quite well during earnings season. you know, we're at the all-time highs most of the popular averages. i just think they got tired, and there's not much positive things to look forward to. the economy has flattened out, no real growth, you know? it's sort of blah. liz: well, june consumer spending was up again. you got some momentum there, larry. three months in a row, this is the best quarter that we've seen when you string april to june together since 2009 for consumer spending. did you buy a car? [laughter] >> well, you know, i just did buy a car because i had the voces wang passat tdi diesel, the one that is being recalled because the of the diesel scandal. liz: ask so what are you trading up to? >> i got a jeep cherokee overland. very, very happy with it,