. >>> shares of fed ex taking a big hit right now. let's look at the chart of fed ex. the parcel delivery giant missing earnings estimates. down 4.5% or thereabouts cutting its outlook. why are we focusing on fed ex? why not. it's widely seen as a barometer of the economy. morgan brennan is here with more. >> it certainly is seen as a barometer of the economy. like we have seen throughout the transport sector, fed ex's business is catering to businesses doing well. first quarter earnings at fed ex increasing 20%, but it still fell short of estimates. the delivery giant also trimming its full year eps guidance on weakening conditions, and a one time expense in its ground domestic unit. heading into the holidays, executives saying they expect another record peak season. they're planning to high upward of 55,000 seasonal workers, 10% more than 2014. also discussing rate increases including a new surcharge on oversized ground packages that will take effect in november. this is executives say companies are electing to ship these packages rather than handle them in their own

fed ex. 82 for a high. cooler monday, tuesday, wednesday, a chance to have a shower or two, tuesday and wednesday. we will update the weekend forecast tonight at 11:00. leon: world news tonight is coming up. that is it. see you at 11:00. hope it's 1-1 weather, not 0-2 weather. >>> tonight, the gloves coming off. the big debate. our reporter with donald trump. what he's signaling. the make or break moment for the others. and vice president joe biden now sounng off on trump and you'll hear him. >>> also tonight, the controversial arrest. the muslim student, handcuffed, suspended in high school after bringing in his project, a homemade clock. fears it was a bomb. the outrage. was he treated differently? >>> breaking news. federal air marshals in hot water tonight. about alleged trysts with prostitutes, recorded on government phones. david kerley standing by. >>> flash point. the refugee crisis. children hit with tear gas. families blocked at the border. what should these countries do? >>> and the hoax making g

spieth put, $10 million bonus awarded for the fed ex cup.2-year-old is now the $22 million man. >>> the earthquakes, 87th minute. they're in real salt lake. they're hosting them and here it is. they get on the board when matias garcia scores a deflection off the defender. he takes off his shirt. would get a yellow card for that because he's not showing the logo after the goal here. he got a yellow card for that but the earthquakes win. one point out of the final play off spot with three games left. and we mentioned the yellow card because that was his second one and now gets a red card so he won't be able to play in the next game. that's kind of a weird thing. >> if he painted the logo on his skin and took off the shirt, would that be legal. >> in theory yes. i might have to look into that. >>> starting tomorrow, muni riders may see some changes. what customers need to know before those service changes go into effect. >>> john boehner speaks out for the first time since announcing his resignation as house speaker and the republican did not p

fed ex reporting earnings before the oepening bell today. in advance, performance 2.5% up so far. >> a mega cable tv merger could be in the works. amc networks, the home of hit shows such as the walking dead and breaking bad is in talks to buy people yul netwo buy premium network starz. amc is up 2.6% in germany and starz is up itself. david faber will speak with the starz ceo on squawk on the street. >> these are your headlines. u.s. futures are mixed as investors are awaiting the outcome of the fed's two-day policy meeting that starts today. shares in sab miller are surging 20% after it confirms that rival will be making an offer. and google says despite working on a self-driving car it has no plans to become a fully flegded auto maker. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? many wbut hope...ms come with high hopes, doesn't work on wrinkles. clinically proven neutrogena® rap

becomes the number one player in the world for the first time and goes into the fed ex final as the manbeat. >>> the warriors make an official offer for four years, $64 million. the deadline for rookie contract extension is october 31. so the warriors are trying to lock up before he hits restricted free agency. that seems to be working out. i just wish one day i can make drew money. >> thank you. >>> critics say that johnny depp's latest role could win >>> coming up tonight at 11:00, a neighborhood in turmoil. at the center of it an 11-year-old autistic boy. the unusual lawsuit his parents are facing. >>> and the pope's visit to the u.s. ama daetz talks to san francisco's archbishop to find out more about the message the pope is bringing. >>> johnny depp is receiving rave reviews for portrayal of whitey boelger in the new movie. it wasn't enough to win the box office. the scorch trials debuted at first place, the sequel to the young adult movie. analysts say a diverse cast helped to bring in a diverse audience. more than half of the movie goers were minorities. everest game in fifth wit

we would be unlucky if we had problems with the game at fed ex or at the nats game.a cold front will push down from the north and the good news is that's going to make it not quite as hot. maybe under 90. we'll take it. 6:00 a.m. tomorrow morning. upper 60s to mid 70s. by 6:00 we're near 80, upper 70s even as far north as gaithersburg. by 1:00, some showers starting to pop. don't get too hung up on the exact location. you might want to take your umbrella tomorrow. scattered showers. 90 already at 1:00. 90 in leesburg. even 85 in cumberland despite more clouds and earlier showers. then by evening, some showers as you head home. right now not quite a yellow alert worthy yet. 88 in leesburg at 6:00 p.m. it will give way to fewer showers as we get into the 10:00 hour. 24 hours from now we could see some leftover sprinkles along i-81. overnight partly cloudy, muggy, patchy fog, lows 68 to 76. winds gentle light. tomorrow morning hot by lunchtime, maybe a late shower. 68 to 90. 90 by lunchtime in some spots. by afternoon the lion's share of the showers, scattered thunderst

birdie for the one shot lead headed into tomorrow and both players aiming to win that season long fed ex0 million prize that comes along with it. >> that's nice, $10 million for playing golf, that's not too bad. barry zito and tim hudson, congratulations to both of them on their wonderful careers. >> really, it's an ah-ha moment. thanks for watching. we'll see you back here in another half ,,,,,,,,,,,,,,,, >> axelrod: the people's pope feels the love in philadelphia on the final leg of his u.s. visit, pope francis turns his focus to families while continuing to spread his love and compassion. the latest on the investigation into the deadly duck boat crash in seattle. a community in new jersey is stunned the quarterback of their high school football team dies after being tackled in the game. and the american educator teaching kids in china a new way to learn. >> memorizing a lot of information doesn't necessarily lead to creativity or problem solving skills. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod and this is the western editio

tomorrow at fed ex field opening day.ill hear from the coach and he and chris will break it down.

fed ex-. one of their top picks out of earnings.is eye opening, 210 bucks, 40% upside on fed ex. they have above consensus earnings expectations and note the stock is down 19% from the june highs, we love the management, pretty much everything about the company they low. >> low fuel prices should be a tail end for the company but fed ex and ups pretty much in a dead heat both down 10%. >>> second stock viacom. jeffrey saying viacom should be valued 30% higher from where it was yesterday's close, the analysts out with some of the parts analysis has a $60 price target. jeffrey says there is a light at the end of the tunnel for domestic cable network and they offer hidden value. >> the revenue fell year over year because they didn't have any big movies in the quarter all at all. the big movie last year was "transformers". >> third stock blue buffalo pet products, wells fargo upgrading this to a perform. the growth opportunity three to five years is substantial. stock is reasonably priced. they have no exposure to emerging markets. thei

i got a fed ex from london. this is from paul mccartney. sign here. maybe you could make a record of the post beatle songs. if you like it call it mid night mccartney. >> of all of the people in the world, he choose you to reinvent his music? >> yes, it is shocking. greg: how did he become acquainted with your work? >> i did a record in the 90s. and when i met him 16 years later he said to me, you made a beatles cd. i department know 16 years ago you were actually going to listen. rosanna: john is a legend and his dad as well. >> i heard this. this is let him in. how do characterize this? >> swing jazz. >> take it away. >> hit it... [music] sister suzie, brother john, martin luther, phil and don, brother michael, auntie gin, open the door and let 'em in. [music] open the door and let 'em in. someone's knockin' at the door. somebody's ringin' the bell. someone's knockin' at the door. somebody's ringin' the bell. do me a favor, open the door and let 'em in. [music] greg: all right. awesome. rosanna: that is so cool. greg grg amazing. rosanna: one of the

that will lead to road closures in washington, d.c., new york city and the postal service, ups and fed-exeliveries because of the closures. the iphones go on sale on friday. now, here is the pope's schedule for tomorrow. he will make a historic address to a joint session of congress at 7:00 in the morning our time. he'll then visit catholic charities in washington and feed the poor. he'll attend evening prayer at 3:45 at st. patrick's cathedral in manhattan. >>> boeing is flying high following the chinese president's visit to the company's manufacturing plant in seattle. he toured the factory and announced china wouldjs buy 300 jetliners from the giant. >>> a mini battle is brewing over a mini park. it's called a pop up. the paseo parklet is drawing mixed reviews. >> plastic chairs, pink flamingos and artificial turf. >> this is a place where people can just rest and sit down in the shade when it's not too sunny. i like it. >> reporter: for five weeks it's been part of a temporary pop up park known as a paseo. but business owners say it's driving customers away. not the intent of city off

that will lead to road closures in washington, d.c., new york city and the postal service, ups and fed-exiveries because of the closures. the iphones go on sale on friday. now, here is the pope's schedule for tomorrow. he will make a historic address to a joint session of congress at 7:00 in the morning our time. he'll then visit catholic charities in washington and feed the poor. he'll attend evening prayer at 3:45 at st. patrick's cathedral in manhattan. >>> boeing is flying high following the chinese president's visit to the company's manufacturing plant in seattle. he toured the factory and announced china wouldjs buy 300 jetliners from the giant. >>> a mini battle is brewing over a mini park. it's called a pop up. the paseo parklet is drawing mixed reviews. >> plastic chairs, pink flamingos and artificial turf. >> this is a place where people can just rest and sit down in the shade when it's not too sunny. i like it. >> reporter: for five weeks it's been part of a temporary pop up park known as a paseo. but business owners say it's driving customers away. not the intent of city offic

the $22 million man, jordan speech wins the fed-ex cup and the $10 million bonus that comes with it. 12 million with pga tour and a million for every year the 22-year-old has been alive. >> good job, spieth. to find the business network go to foxbusiness.com/channelfinder. >>> it is time to brew on this. here is a boss who wants to make the world his office cubicle. he is the start up founder from switzerland. his name is christian michiganler. he runs hotel quickly via his lap top 150 days out of the year while on the road. his instagram is pufull of phot of his quote office. >> even though he has 9 actual office buildings around the world his crew of 100 staffers are encouraged to work wherever and wher they want as we-- when they want as long as they are productive. >> send us an email at foxfriendsfirst@foxnews.com. >> we should take the show on the road i think>> great idea. >> somewhere tropical. >> the time is 19 after the top of the hour. name and shame a mayor proposing to publish the names and addresses of welfare recipients. your e-mails are pouring in on this one. >> kati

ups and fed-ex will not be making delivery or pick ups in certain neighborhoods because of security concernsd new iphone later this week and may have to wait a little bit longer. >> a newlywed received an unforgettable gift during her wedding reception! her father was a deputy who died in the line of duty. >> it happened this past weekend during the father daughter dance. she began the dance with the family friend. >>. >> i was shocked. i sdnt know how to react. how to respond. and he said something. he said there's a whole line of us. and right as he said that, that's -- i just broke down. >> i mean, there wasn't a dry in the room. >> oh. sharing the dance with several deputies. she calls it the best wedding surprise ever. wow. >> wonderful. >> i know, for sure. >> let's go back and check the forecast. >> yeah, gloomy skies. that's an accurate depiction. we've got low clouds, which is good news coming from the coast. we still have some sunny conditions in our inland areas. i think we're happy about the cooling that accompanied them. here's a look at the national weather picture for tomorrow

he wins the tour championship and the fed ex cup today. buries the par putt at 18.d recaptures the number one ranking. nascar and matt ken -- matt kenseth is victorias. >> a $10 million bonus? >> not bad. you win it all and you get 10 million. >> should we start playing golf right now, guys? that's it for tonight. abc7 news continues tomorrow morning at 4:30. for colin rush and drew tuma, thanks for spending your sunday with us. ♪ sunny ♪ yesterday, my life was filled with rain ♪ ♪ sunny ♪ you smiled at me and really eased the pain ♪ ♪ now the dark days are done and the bright days are here ♪ ♪ my sunny one shines so sincere ♪

fed ex is still operating but customers may face delays.one goes on sale and starts shipping on friday. it's been called one of the worst kept secrets in silicon valley. apple is pressing ahead with plans for an electric car. setting 2019 as a target shipping date. the project has been code named titan and apple plans to triple it's current 600 member team. a ship date doesn't necessarily mean the date customers would receive their car. it could also mean the day engineers sign off on the figure. apple also doesn't currently plan to make the car fully autonomous. let's look at price action in apple, off 4.4% in germany. >> do we believe it? >> it's disappointing that it won't be self-driving. >> that would be something. >> according to this report. >> yes but electric and self-driving would be a real innovation in terms of the electric part tesla has already done that. they have the first mover advantage or disadvantage because they really worked on the technology there and maybe apple can piggy back on the things and worked out the kinks t

. >>> jordan spieth wins the fed ex cup. the 22-year-old smashing the record for the richest season in history. he has 12 million in winner's check, more than 22 million. it's monday, september 28th, 2015 and "squawk box" begins right now. >> announcer: live from new york where business never sleeps, this is "squawk box." >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with andrew ross sork kick and scott walker. star gazers are rejoicing. they got to see a supermoon lunar eclipse and a blood moon. it looked bigger and brighter than also. there was also a lunar eclipse which happens when the earth lines up with the sun and the moon. it gets the blood moon title because the moon has a copieper color. if you missed it, you can see it again in 2033. it was only blood red for a while. guys, i fell asleep at 8:30. woke up at 12:15. by 12:1

. >>> fed ex reports earnings. that's your cnbc business morning report.don dowdy. >>> a big announcement about the wizards. the city is building a new $55 million practice facility in ward eight in the southeast. there are new concerns because the facility will be in a high crime area east of the annacosta river. >> make sure it's safe and people can park their cars. people can walk from the metro without incident and we will create an environment that people are really happy to come to. >> it will stand where the former saint elizabeth's hospital was. they hope the facility will open by 2018. >>> breaking news in northwest washington. >> that's where crews are trying to repair a water main break. it ruptured, the line did, overnight. the problem has a busy stretch road many used to get into and out of d.c., the impact this is having on the local hospital and what you need to get around the met is next on "news 4 today" at 6:00. >>> breaking news is snarling traffic in and out of the district. take a look. crews are looking to find the source of a water m

he won $10 million for winning the fed ex cup.e earnings this year is more than $22 million. the most ever for a golfer in a season. >>> nationals are nearing the end of a disappointing season. after flying out, bryce harper and teammate papelbon go at it in the dugout. having to be separated by teammates. the guys were mad because harper did not hustle on the flyout. harper said he apologized. whatever, i really don't care. both of them said they are like brothers. they are fighting like brothers. that was intense. >> if my sons were fighting like that, there would be hell to pay. thanks. >>> a tense meeting with president obama and vladimir put putin. face-to-face for the first time in years. we have that next. and then yor there's verizon. which is great, because if you're going to get the best iphone wouldn't you want to have the best network? kinda makes you want to jump for joy. tell all your friends and family. even throw a party. get the best iphone on the best network. go in store or visit us online. and get up to $400 wh

fed ex is still operating but customers may face delays. the new iphone goes on sale and starts shipping on friday. staying we electric cars tesla plans to officially launch the new model x suv on september 29th. the company sent out invitations to the event on monday. a base version starts at $75,000 while a fully loaded one is $132,000 without upgrades. they also promised the model 3 in the next two years. shares rose more than 1% on monday. we got that price indication for tesla, for the suv, apple car i guess, 100,000. >> by when? >> well, 2020, 2022. >> the thing for electric cars ultimately is have they got good performance? are they affordable which tesla is getting closer to but still pretty expensive but from my point of view are they easy to use? is the infrastructure there in order to make the most of them. think of how many times you're out and about and your iphone runs out of battery. >> there's so many charges stations nowadays though. >> not really. >> if they get better ones. >> there's certain charging stations in certain

and fed ex says customers may experience delays because of the pope's visit. >> this is one of the most controversy stories of the morning. is it the 6s plus or the 6 plus s. >> say it ten times fast. >>> breaking news this morning. nyu student detained in north korea is speaking to the media this morning. what the new message for his family. we are live inside north korea. that's next. itses 99% of your most stubborn makeup with one towelette. need any more proof than that? neutrogena. pubut to get from theand yoold way to the new,d. you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come. which means you can watch movies while you're on the move. sitcoms, while you sit on those. and even fargo, in fargo! binge, while you lose weight! and enjoy a good cliffhanger while you hang from a... why am i yelling? the revolution will not only be televised. the revolution will be mobilized. introducing the all in on

in golf the fed ex cup playoffs came down to the final hole. headlights go to norton massachusetts.ionship ricky fowler this putt is 40 feet. now, he's two strokes behind. that puts him one back. stenson on the par 316. i hate when this stuff happens. oh, no. oh, no. oh, no. it goes in the water. he double bow geese the hole. now ricky fowler is leading by one going into 18. stenson with a chance to tie and put night a playoff, it doesn't happen. fowler wins by one stroke. upset today at the us open tennis to new york. andy murray the third seed and andy murray in the far court, and hits it long. what does he do? yeah, it's not the tools it's the carpenter. remember that. he's playing kevin anderson whose 15th seed. match point andy murray loses in four sets. patriots quarterback tom brady may have gotten a judge to rescind his four game suspension it's obvious the nfl and on thes know he's a cheater. commissioner goodell said he will not attend the opening game when pittsburgh is at new england on thursday night. they have also decided tom brady will not be in super bowl promotions

. >> pam: and the postal service, u-p-s and fed-ex have suspended delivery in parts of all three cities this week. >> pam: apple's next generations of i-phones go on sale in >> pam: stores on friday. >> pam: next. why actor sean penn is suing the co-creator of "empire". >> diane: i will let you know if the cooler temperatures will stay for the rest of the week. coming up in just a bit! my name is jamir dixon and i'm a locate and mark fieldman for pg&e. most people in the community recognize the blue trucks as pg&e. my truck is something new... it's an 811 truck. when you call 811, i come out to your house and i mark out our gas lines and our electric lines to make sure that you don't hit them when you're digging. 811 is a free service. i'm passionate about it because every time i go on the street i think about my own kids. they're the reason that i want to protect our community and our environment, and if me driving a that truck means that somebody gets to go home safer, then i'll drive it every day of the week. together, we're building a better california. >> pam: as we reported earlie

if i'm buying four tickets for 1750 i want that thing overnight dollars i'll pay the fed ex price. again that is very, very expensive. but before any authorities like the mayor criticize people from doing this, wait until you talk about the camping, i'll talk about that later, and the more i find out about the camping, like i mentioned half hour ago, for viewers just watching us now, at 7:30, if you want to showers, extra, $5 to shower, 15 for weekend shower pass in fairmount park. more on the camp site which is outrageous, i don't care if i'm not walking the journalist i can fine line there. these prices are outrageous for camping. you won't believe it. >> serious question, you don't have to answer now, give you time to think about it, but would you pay $5 to shower, or would you just go without? >> if you are talking to me, i'm hearing a fire engine right now. $5 a shower, $15 for a weekend shower pass. so you get amenities, but apparently the amenities do not include a shower, maybe it will rain like it did today, because i got a free shower here at first 11th and market. i thin

. >>> fed-ex will raise their rate 5%.or the holidays, the cost for oversized packages, they are going up, too. that charge takes effect november 2nd. >>> apple is delaying the release of the new operating system for the apple watch. apple told the mashable website, we have found a bug in development of watch os-2. it's taking longer to fix than we expected. apple says the release will happen shortly. now, analysts say the main change in the operating system will be allowing third-party developers to access the watch hardware with their apps. >>> raymond "shrimp boy" chow will face his own racketeering trial. initially, you will remember, he was set to be tried along with seven others. but those codefendants eterred guilty pleas -- entered guilt qli pleas yesterday -- guilty pleas. his attorney asked for a separate trial saying the guilty pleas would jeopardize his right to a fair trial. the judge agreed. >>> the dean of stanford university eight school of business is resigning because of a scandal involving an affair with

daleiden sent them a package, a fed ex-box that they said they didn't want to open until this week.we thought this was strange because if the republicans delayed opening this package members would not have had enough time to refute whatever was inside before today's hearing. so our staff also made it clear that if the republicans wanted to use any of this material at today's hearing it should be opened immediately on friday so we would begin to -- could begin reviewing it as soon as possible through the weekend but the republican staff told us that they wanted to just keep the box closed. they said they would not open it and they would not use it at the hearing. so as of this moment we still do not know for sure what is inside that box from mr. daleiden, however, we did receive a copy of minutes from a recent hearing in a lawsuit in california in a lawsuit in california where his attorneys apparently told the court in that case, they delivered additional video footage to our committee so even more footage that he cut from the videos he's released publicly. we want to open the packag

daleiden sent them a package, a fed ex-box that they said they didn't want to open until this week. we thought this was strange because if the republicans delayed opening this package members would not have had enough time to refute whatever was inside before today's hearing. so our staff also made it clear that if the republicans wanted to use any of this material at today's hearing it should be opened immediately on friday so we would begin to -- could begin reviewing it as soon as possible through the weekend but the republican staff told us that they wanted to just keep the box closed. they said they would not open it and they would not use it at the hearing. so as of this moment we still do not know for sure what is inside that box from mr. daleiden, however, we did receive a copy of minutes from a recent hearing in a lawsuit in california whether mr. daleiden's attorney said they delivered additional footage so even more footage that mr. daleiden cut from the videos he released publicly. so we went to open the package, we want members to have equal access to the videos that ar

might fix your water pump or your ac bring your apple pie and fill your glass of tea we'll take that fed ex package to your door but underneath that apron or that uniform we've wild cats we're wolverines we're tigers, buckeyes, bruins, bulldogs, hogs and hurricanes we pray before we race cheer 14 and 48 we drink up our music friday nights and we're one big country nation, that's right we're all across the map down city streets and old dirt roads we're the fabric of the nation and we're a nation all our own we've re mountaineers, volunteers blue devils, heels and rebels fighting irish and cavaliers we soup up our chevrolets cheer 24 and 88 we crank up the same songs friday night on 2000 country stations yeah, we're one big country nation that's right >> don't go anywhere. brad has one more song to perform. fist on a friday morning this is "today" on nbc. >>> we are back now with more of the toyota summer concert series. >> here again, mr. brad paisley with his single "online." i work down at the pizza pit i drive an old hyundai i still live with my mom and dad i'm 5'3" and over weight i'm a

super star capping off an incredible year by winning both the ford championship and the season long fed ex cup. he is the youngest player ever to do so and the only golfer to ever win $22 million in prize money in just one year. in the meantime, he is awesome, not so good news here sharing inside the washington nationals dugout turned to a lot of frustrations and boiled over into what looked like a nasty thing playing out. bryce harper and -- exchanging words. he put his hands on harper's throat and pushed him backwards. the scuffle was broken up by other players and coaches and apparently papelbom had called out harper for not hustling all the way to first base after the out. he said he and harper were on the same page. i'm terrified i mispronounced his name three times. >> you don't want to know what thatpage said. there werea lot of cuss words. >> thank you very much. mr. roker. >> woe cars had trouble getting through but this motorcycle says i'm just powering. they have the bridge underneath there and a roadway. in mobile, alabama picking up a few inches of rain there. very short perio

fed ex is increasing it's shipping rates for its ground, freight and express services by 5%.hanges are effective in early january. set to post quarterly results before the bell this morning. of course we'll bring you that news and one more stock to watch this morning, united natural foods. shares rising after the natural and organic foods distributor posted better than expected quarterly results. >> seems like the rest of the world is there to some extent. europe seems to be catching up with what happened in china. does anyone believe that? it's a carbon copy, a cookie cutter in china of what we have seen in the last five minutes. but those 1% moves and three quarter percent moves following a great session yesterday on wall street, this is supposed to be a really positive week for stocks historically and let's take a quick look and you'll see what i'm talking about. up almost 5%. figure at a what that would be here. it would be like 900 points so that's a big move in shanghai. take a quick look at oil. it's now 45-40. now we're up to almost 2-3. we're still at the highest yie

they may have a meeting and they'll do it like the fed ex guy. they'll say it like that.oming up, jeff bezos versus richard bransen in the race to space. when we come back a look at yesterday's winners and losers. ♪ an a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next. (vo) wit runs on optimism.un on? it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [

liz: what's the one thing ex the fed that this cub should be doing to spur -- country should be doing growth more? >> free up small business. some of the banking regulation made it very, very hard to get businesses started. i've seen this personally in terms of businesses i coach. it's harder to get businesses started, it's harder from a regulatory climate to grow a business. and that's where the engine of economic growth and transformations always come from, the united states. free that up, and i think we're looking -- we should be looking at 4% gdp growth right now. liz: free it up. lose some of the regulation that needs to be lost because not all regulation is bad. >> look at the volkswagen story. liz: absolutely. it's great to have you. >> good to be here. liz: a man who knows, he's been in the trenches. brad anderson, former best buy chairman and ceo. i was the idiot three days before the super bowl who bought three samsung tvs. >> god bless you. [laughter] liz: forget the ipads and ipods, tim cook and apple are looking at a whole new piece of hardware, one that goes 0-60 in no t

> joining us to weigh in on the china story and whether it could play a role in determining the fed's in exd fisher, the former president of the bank of dallas and former deputy u.s. trade representative and cnbc contributor. thank you so much for joining us today. this is something we have been kicking around and around. i haven't gotten a chance to talk to you since this chaos broke out in the markets. how does this change things for the fed? >> i don't think it changes very much because our domestic economy is very strong. i think people come around to that the economy is strong in the united states. in terms of the direct impact to china, exports to china represent about 1% of gdp. we do benefit from the goods that are coming out of china being cheaper. that's where we have a positive impact. the real impact on china is region. i think we overhe reacted, markets overreacted to a small movement in the direction of liberalizing their account a little bit and allowing the currency to trade, we have been begging them to do and the imf begging them to do on a more free trading basis, althoug

fed wants to raise rates. that's an unholy combination if there were one. if you didn't know better, ex employment growth you would think a fed needs to cut rates not raise them. so let me give you the bottom line as i see it going into the big meeting. the rewards real positive for stocks if the fed does nothing, but the down side risk remains enormous that the fed does the wrong thing and raises rates without commentary, it's finished for both the foreseeable and i think perhaps more important the unforeseeable future. i need to go to jim in connecticut. jim? >> caller: hi, jim. i'm calling about united technologies, symbol utx. they're down about 25% from its high. i know they're planning on buying about a billion dollars back after the sale of sikorsky. what i don't know is what the future holds for united technologies. i hope you can help me with that. >> united technologies is a great american company and has a long tradition of doing the right thing. but i have to tell you, a lot isn't united technologies' fault. it's viewed with china. otis sells a lot of elevators. but no matte

the task force is ex preacted to present findings by october 1st. >>> the fed announced they will keep interest rates at historic lows for at least another month. here is a live look at the big board. the dow fell a little more than 65 points to end at 16,674. >>> lots of anticipation to pope francis' historic trip to the united states. before the pope arrives in washington next tuesday, he will spend a few days in cuba. images of francis have been plastered around what van. that he will appear on cuban television tonight. president obama and castro praised the pope for helping improve relations between the u.s. and cuba. the pope who has never been to saturday. when the pope arrives in new york next week, a handful of lucky students will get to meet him. we are introduced to some of the special students. >> it is going good. i am getting it all done. >> reporter: for nicholas marinara, a school project he will remember the rest of his life. the 4th grader at our lady queen of angels is one of six students set to meet pope francis and present the pontiff with their projects. his projec

. >>> santa clara county leaders say they are fed up with delays and rising costs on the valley medical center expanse project. ex-- expansion project. kpix 5's len ramirez explains why the 49ers' new stadium could have played a role. >> reporter: workers for turner construction continue to build valley medical center's new hospital wing but by this time next week they could all be fired. >> we're prepared to just lock them out of the project. >> reporter: the county hired turner construction after voters approved the $300 million hospital renovation in 2008 but delays pushed the project back from a 2013 completion to 2016. now it's backed up to 2017. the delays may be tied to the building of levi's stadium. >> the minute that the -- levi's stadium project offered an incentive for early completion, turner, who is the general contractor there, pulled many of its subcontractors and our project we believe got neglected. >> poppy cock. absolutely nonsense. >> reporter: a turner construction spokesman denied the company favored the levi's stadium over the hospital. >> turner builds thousands of projects a year. it kno

fed meeting. still, u.s. stocks have staged an overnight rally. what's really behind all of that, mayu? >> the answer to that is low trading volume. traders say low trading volume ex aj rataggerates the daily mod after u.s. president barack obama imposed a measure to lift a ban on oil, and taking a quick snapshot on currenciecurrencies dollar fell to a low 110 yen and now it's bounced back to 124. back to you, ramin. >> mayu rishida reporting live from the tse. >>> indonesian leaders have launched an ambitious program to reform the fishing industry. they believe the sector could help revive economic growth. the person they chose to lead this program is a woman determined to do everything in her power to get things done. nhk world has more. >> reporter: a chinese fishing boat pays the price for trespassing in indonesian waters, just one of two dozen foreign vessels blown up by the coast guard in may. they were sunk on the orders of this woman, marine and fisheries minister. she took over last october to stop illegal fishing, and she's kept her word. she's ordered the banishment of 35 more boats. >> corruption and whatever, and the numbers beyond that you can even t

fed is going to need that it must raise interest rates in september. on the other hand, take a look at the dollar index. if you want to look at the exife, it doesn't include emerging-market currencies, but it's a basket of 16 currencies commonly used. you saw a big spike that would seem to indicate that the market expects the fed to actually move because that would give us a stronger dollar. a little bit of a mixed result as far as the market reaction. definitely some fascinating route -- moves. erik: alan krueger and jack rivkin, what does this mean for the fed? is the number: you can't avoid. you had the wage gain up, you can't ignore that as well. you know that the august number starts out fairly low. mayink the market reaction not be so much that the fed is going to delay. it could be the economy is all right. maybe it's time to buy stocks. read of the same way. if you look at the revisions to june and july, you are exactly to do 17. there's a good coincidence. these hills look very solid. i don't exist going to change the fed's course at all. what we think you tom keene and michael mckee of bloomberg surveillance, talking to ja

the fed and the ecb are not as credible in stabilizing this as they did during the taper tantrum or this they did during greece. we will find that we have no exj nous stabilizers, we have a lot of cash on the sideline. we replies low enough we will stabilize. >> so this rattle issue is a really major call when it comes to the beta. that's why i like the relative trades and there's lots of relative trades out there right now. >> last question, you're saying you don't think that the bull market in the u.s. equity market is over? >> i think the u.s. will continue to outperform. i would be very careful taking an outright beta bet on the equity market. i would rather be more selective and wait. timt will come when you can go through a market-wide positioning but this is not the right time right now. simply too much uncertainty in the global economy. >> always good to have you, mohammed, see you soon. >> mohammed el arian. >>> he called for a correction in late august here on cnbc. >> you're starting to see people reacting to fundamentals and if there's weakness, the stocks go down, which is the thing they should be doing, which hasn't happened ove

ex. you have listed great stuff p or market reaction to what the fed will do, which i guess is question numberweek is the fed rips off the band-aid. we get beyond this and then the markets have to start worrying about things like earnings and what they will look like going forward. that will be influenced by what the fed does. >> absolutely. the challenges we will get past the fed news one way or the other and then we will focus on q3 earnings and q4 guidance and what analysts are thinking about for 2016. the news has not been great there. earnings have been down year-over-year and will be down for q3. the first hope is q4. analysts already are bringing in numbers down both top and bottom ofe for the first quarter 2016. the market turmoil has in under confidence that we are going to have an earnings rebound in the year and that is where we see some volatility. you isat we like about you move all over the country, actually speaking to people out there. in your note, you say no one has real conviction. write, do the two of ?ou see >> i hosted a panel on friday oil prices, were people with 50 yea