>> it's $299. >> but then you've got a lot more affordable fitbits.n the high end, you've got some competition from the apple watch with the mainstream user, but also from garmin a lot of the harder core athletes, i know people who like to swim, you know, are comparing between you and garmin how is your messaging going to break through that and identify what fitbit is better at than, say, garmin? >> i think we've already been successful with that we launched fitbit blaze almost two years ago. right now it's the number one android-connected watch on the market it's the number one best-selling smartwatch on amazon so, i think we have the experience and credibility to really make ionic truly the health and fitness smartwatch for everyone in the masses. >> can you talk about your stock price? we are seeing this little bump today, but the stock is still down 60% over the last 12 months how do you plan to reverse that? and has it been surprising to see these reactions, particularly to some of your earnings >> well, we beat guidance the past two quarters, so

fitbit, you are from preston.|j disagree.earlier, smack larisa, you are from preston. you are always on time and you can get a seat, whereas commuting to work in london is terrible. is that not the point, there is a great publishing on the move, whether on the roads in the south, although roads seem crowded everywhere to me these days yet the trains are crowded and that is we've got to spend your money. i'm in favour of crossrail in london because you have to support growth in london. let's talk about it. the day after the transport secretary chris grayling accidentally let slip that leeds — manchester might not be electrified, the following day he announced he was backing crossrail which could cost tens of billions of pounds. when you are sitting there, i know some journeys in the north are i know some journeys in the north a re lovely i know some journeys in the north are lovely but if you are commuting to manchester so often it's disgusting and overcrowded. you'll be very annoyed that the money is again going to the capita

f fitbit is up nearly 15%.urse, also doing well after that earnings report. >> it's because i bought a fitbit this quarter for the first time. >> nice. >> i have it in pink and rose gold cute monitors your heart rate. >> on the call they were talking about a lot of repeat buyers. >> one new buyer. >> conversion. meanwhile, elon musk buying a tunnel boring machine for the potential to tunnel through. let's get to wapner and the half >>> welcome to "the halftime report." i'm scott wapner the top trade, why the record breaking rally could be far from ahead. here's a hint. the reason lies outside of the united states. john and pete na jaaron is with us on set, tony dwyer the chief market strategist. another new high for the dow which continues to hold. there you see it, above

we saw fitbit take the same direction. they've been working for years with insurance companies and self-insured employers. naturally, it makes sense that apple watch as it looks to overtake its rivals, especially fitbits, would move in this direction also. >> so i ca the fitbit can help me. i know how many steps i've taken. i can see my blood pressure. my heartrate. so on and so forth. would it necessarily then. sharing that information with apple then on to the sponsor of this proposed initiative, aetna? >> we've seen apple stress again and again it's a company that makes money by selling devices and not through data and the company really stressed with something like health information which is a lot more sensitive, we really do not want our steps and heart rate ending up in the wrong hands. they've said that they will not share this device with third parties, this kind of data will stay on the watch and not beyond that. so, you know, only time will tell whether apple will stick with its policy, but that is what the comp

fitbit is facing strong competition from apple which stole fitbit's title of the world's best wearablearlier this year. >>>it appears fitness trackers may not be the key to getting teenagers to exercise. british researchers conducted an eight week study. students were asked to wear a fitbit wristband for eight weeks and use with the app. the idea was that the device would inspire teens to exercise more. however, they found the initial novelty of wearing the device quickly wore off and that the teens did not change their exercise patterns. the study found participants felt less confident about their ability to exercise and were ultimatesly discouraged -- ultimately discouraged. >>>a teenager who won the top honors at the county fair knows about beating the odds. first, she had to survive a life threatening disease. debra has the story. >> i believe you never say you can't. reporter: missy works on her champion lamb, theodore, grooming him on a metal stand just like the one that changed her life. >> as i get older now, its just a part of my life. reporter: at 12, missy cut herself on a s

i want to start with fitbit. what are the highlights as you see?l comes down to the smart watch market, doesn't it? selina: we saw shares soaring today, but that's not totally good news. what investors are saying is things weren't quite as bad as we thought, but there were still losses. they just did not lose quite as much money as expected. revenue still declined 40% from a year before. this quarter is really just a quarter as they are transitioning and getting ahead to what investors are really watching out for, which is the debut of its smart watch. so much is riding on this, and analysts will be watching it closely to see if it lives up to its competition. emily: a lot of questions in terms of how big the smart watch market actually is, and whether apple is simply going to run away with it? selina: fitbit has no choice. the market has been shrinking and declining. fitbit went from being first place for many years in the wearables market took their place, being beat out by apple. there is significant competition here. we have reported that they

the device called the fitbit iconic -- ionic, rather, will retail for $300 starting in october. the watch is water resistant, includes gps tracking and can run thd-party apps. fitbit shares were higher by 3%. >>> estee lauder denied reports it's interested in selling itself. over the weekend, the cosmetics company wrote a memo to its employees saying there's no truth to the rumors and the company places great value in remaining independent. estee lauder shares fely to 105 >>> it looks like the high-profile search for uber's next chief executive officer is at an end. the embattled ride hailing company picked expedia's ceo to head the company. while expedia's chairman barry diller says nothing has been finalized, he acknowledged the offer will likely be accepted. we take a look at the man asked to take the wheel at uber. >> reporter: months of drama, a corporate culture crisis, executive departures and board infighting, uber will turn a new page having finally selected a new ceo. expedia's ceo was selected at the end of a dramatic weekend that saw former ge boss drop out of the ra

>>>fitbit plans what it calls the best health and fitness smart watch. the company hopes to have that wash ready by the holidays. fitbit is facing stiff competition with apple. >> it appears fitness trackers may not be the answer to get teenagers to exercise more. british researchers conducted an eight week study to see if the wearables encouraged teenager to move. teenager -- teenagers to move. the team thought the device would inspire the teenagers to exercise more. however, they found after the initial novelty of wearing the device, the teens did not change their exercise patterns. they found teens were ultimately discouraged from doing it. >>>a teenager who won top honors at the county fair [inaudible] >> grooming him on a metal stand. >> as i get older now, its just a part of my life. >> at 12, missy cut her knee on a metal stand like this and developed flesh eating bacteria. >> i can't tell you how proud i am of where she was to where she's come. from hearing we might not have her anymore to all that. >> all that, the best show in all divisions. >>

you're wearing a fitbit, i watch? >> it's an apple watch. >> you have been tracking your biometrics. your heart rate, all of this. according to what we put on the board, the data from your watch you have lost 44 pounds and nine months. >> i think we probably have video of me on the show from nine months ago where this entire table is tilted. >> from your watch, you're taking 8 - 10000 steps every day. so somebody in apple world is watching your stuff. do you see this as helpful or creepy? >> i think it's awful. i love my apple watch. where is a? >> it doesn't has my outfit today. but it helps with my workouts and tells me what my heart rate is. something where my peak target heart rate range. >> so personal use is one thing. matt, how big of an issue as is with privacy? players union is pushing back on this, did have a good point? >> it's great for lawyers. it would be depressing for me to wear because my stats would be terrible. but from the perspective of lawyers it will create litigation. you have a right your biom

>> i'm ready for you, man, let's go >> i know why you're laughing. >> it's all good. >> fitbit. >> fitbitnd for the new products has been great they're talking about the smart watch and how they're going to get involved in the health care world. that's gone up against apple, by the way, the watch, nobody talked about this in the earnings call, up 50% according to tim cook. things are happening they are dominating the space. this is very, very difficult waters forfeitbit. >> gold is on pace for the fourth straight week we'll go to the futures to see the trades, the s&p. the s&p down 5%. dow still up 14. holding at 22,000. >> five points. >> let's not start a panic. >> 5%. >> i almost lost -- >>id d i really say that >> you did >> we were paying attention to you. >> wow >> the look on his face. >> my apologies. five points. excuse me, are you aware of what's happening right now? we're facing 20 billion security events every day. ddos campaigns, ransomware, malware attacks... actually, we just handled all the priority threats. you did that? we did that. really. we analyzed millions of articl

joe: interesting, too, it comes a day after fitbit ranking badger -- a day after fitbit beat expectationse's my theory -- it is summertime and people are out and they suddenly decide they need these tools, whether camera toit, a gopro film themselves -- julia: four analysts are really bearish. scarlet: good perspective. costs are rising for technology companies -- amazon, apple, facebook, reporting rising expenses in the latest earnings. is it a change in strategy or perhaps a hunt for the next big business? stress here is that they companies -- sure, are spending more in expenses, but they -- the profits are rising as well. >> these are highly profitable company's, and their dollar profits are still growing. the issue is, they are spending more, the businesses are joined in a way that is putting pressure on the profit margins. each new dollar in sales is becoming less incrementally profitable. julia: i mean, i know we don't care about financials where amazon is concerned, but this is incredible -- out of every one dollar in cash coming into amazon, left with one sent after accounting for

. >>> and fitbit announced new gadgets. a smart watch called a fitbit ionic.t measures oxygen levels and has enhanced heart rate reader. it may pinpoint sleep apnea or lead to better detection in the future. it will sell for $300 when it's released in october. back to you. >> looks cool. hena, target has a new cheap line of wine. >> reporter: the store's exclusive brand debut next week called california roots. it features three white wines and two reds. target says it thinks customers will be pleasantly surprised by the flavor and quality. the price tag, $5 a bottle. >> hm. yeah. not sure what the wine sommeliers would rate it or wine spectator would rate it. but $5 a bottle? i'll try it. >> exactly. >> it's an option. >> thank you, hena doba. ♪[ music ] >> college students will love it. [ laughter ] >> 5:41. >>> a new wildfire in northern california. details on the fire that's already destroyed homes. ♪ ♪ ♪ ♪ wow! nice outfit. when i grow up, i'm going to mars. we're working on that. some people know how far they want to go. a personalized financial strategy

. >>> new studies show fitbits may not work so well on teens.etting up and moving but the eight week study found it discouraged students from exercising. researchers say after the initial novelty of the device wore off participants felt less confident about their ability to exercise and it ultimately kept them from doing it. >> that's interesting. >> yeah. >> no fitbit. >> coming up on fox5 news morning, also not a teen, for the first time ever, a member of the hip hop community is among the list of kennedy center honorees. >> all these months later the obamas are still getting >> but they do respond. >> yeah. >> as we head to break, let's go ahead and take a live look across the d.c. region. it is 5:43 on a friday, 75 degrees as we round out this work week. fox5 news morning coming right back. don't go anywhere. caitlin's got your weekend forecast coming up next. >> ♪ during our made to move 2017 clearance event, you can do endless online research. or, you can take advantage of our best offer ever on an xt5. don't wait. our 2017 models will be

. >>> then after the bell, the earnings parade continues, fitbit, square, iac, and cheesecake factorybc, first in buseswodwe.ins rlid when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ring) >>> all right. head into the close here with the dow at 22,500. we'll see. but let's back up a little bit, go to the open this morning and give credit where credit is due. after the earnings from apple last night popped and it was enough this morning with that 6% gain in apple that it pushed the dow above 22,000 this morning. and apple, pretty much held on to those gains today after that better than expected report. the dow itself got above 22,000 initially and it's been flirting with that number all

vonnie: taylor riggs with our stock of the hour, fitbit. been lots of talk recently about who might replace janet yellen as the next federal reserve chair. while president trump has indicated he will consider reappointing janet yellen herself, a bloomberg survey of economists has shown gary cohn is the front runner for the job. some say he can wind up being donald trump's bulldog in the egg head world. i say that is a direct quote from our story. where did that come from? >> it is a phrase that we wrote, actually. it was backed up by a lot of the interviews we did. we talked to more than a dozen people that actually worked with gary cohn or have worked with the fed in the past and have a good understanding of the culture of that institution. from all we can tell, it would be a bit of a mismatch. gary is somebody who grew up on the trading floors of wall street. goldman sachs specifically. the fed is really known as sort of a sleepy, quiet, collaborative institution. vonnie: the thing is people often complain that maybe there is too much aca

fitbit making the cut to be in those uniforms in fox business exclusive, milwaukee bucks president hase on the competition for that prime spot on the buck's jersey. yeah, they are about to name it and who knows, in the next week or two, plus voters say they are great, others say they are failing. up next two voters who supported the president trump now economy now stamping divided over the commander in chief and administration performance. they will face off in just a moment. peter and steve cortez, both republicans ♪ ♪ ♪ ♪ ♪ poallergies?reather. stuffy nose? can't sleep? take that. a breathe right nasal strip instantly opens your nose up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right. when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insurance. who knew that phones would starentertaining us,ng? getting us back on track and finding us dates

. >> the senate has confirmed the man chose bin donald trump to be the next fitbit director, christopher wray. today's vote, 92 to 5 with all the no votes coming from democrats. wray replaces james comey whom president trump dismissed in wray. he said he would never pledge loyalty to the president and would push back if the president pressured him to drop an investigation. >>> facebook robots inventing their own language. what's next? the tech world is buzzing about artificial intelligence and its potential threat to humans. a look at where a.i. stands now. >> and this is as close as you'll ever want to get to being inside the mouth of a shark. at at&t, we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow to l

. >>> also fitbit reporting a smaller than expected drop in second quarter revenues.hey also said it is on track to launch its much anticipated smart watch which holiday season those wearables, they tend to, i don't know, i thought they were fads, maybe they're something more >>> aic interactive's second quarter revenue topping forecasts with strong sites like match and home adviser aic is up about 60% this year. >>> shares of cheesecake factory are sliding. the chain's second quarter earnings and revenue missed estimates. shares down more than 6% the company broke a string of 29 straight quarters of same-store sales growth >>> and take two interactive swung to a first quarter profit. revenue rose 34% driven by increased spending on virtual goods and downloadable add-on items for older games shares are higher by 11.5% >>> new overnight, president trump is expected to announce major trade action against china. senior white house officials confirming to cnbc that the president will make a speech tomorrow reports say mr. trump will sign a memo directing his trade represe

what's your fitbit saying? [ light laughter ] this is very interesting.'s a new study that says nine in ten americans have trouble sleeping. but i just saw an ad for a new product that might be able to help people out. check this out. ♪ >> do you have trouble falling asleep? does nothing seem to work? well, good news. there's a solution. strength: mike pence edition. [ light laughter ] just one dose is the equivalent of watching five minutes of any mike pence speech. side effects include -- fatigue, slurred speech, droopy eyes, basically you turn into ben carson. [ laughter ] zzzquil extra strength: mike pence edition. not covered by trumpcare. [ cheers and applause ] >> jimmy: not covered. >> steve: not covered. >> jimmy: not covered by trumpcare. >> steve: they do not cover that. >> jimmy: hey, guys, i saw that today is national sunglasses day. [ cheers ] yeah. when i heard that, i was like, "are you serious?" [ applause ] [ light laughter ] [ cheers ] you serious? [ light laughter ] [ applause ] this is pretty crazy, guys. thank you. this is pretty cra

it's a wearable device like fitbit or apple watch.he premise behind this is that you will actually be able to break a bad habit by first understanding that you are doing something that you don't want to do. you put it on and program it. say you set a $100 limit. every time you go over $100, it shocks you and you wake up and say you're spending too much money the first step in helping you to break the bad habit. the device is supposed do that. it does seem extreme. but there it is. >> it could work for my co- anchor, michelle. she loves to shop. do we really need to shock ourselves to stop spending? >> reporter: well, i mean, look, i just don't think the zap is going to do it. it's not a strong up in zap. i own carriers and those invisible fences don't work on the terriers. it's kind of like we're terriers. we'll go right through that shock. people still have a really hard time controlling themselves. and i get that. so i think that instead of paying $179 for a device, the way to really start to take control is to pay attention to what

only mega brand seeing hope dreams come true, stubhub, disney, good year, ge, blue diamond, in for fitbitestern -- making -- western? what's -- western union! making the nba roster for the upcoming season. very cool. very, very cool. >>> amazon has been busy lately, not just delivering the packages you are ordering overnight. the company recently acquired whole foods but just today announced a two-year deal with walking dead creator robert kirkman to develop tv programming, brand new shows for them but amazon isn't done yet. jeff flock is outside the chicago theater to tell us who amazon has in its sights next. jeff? >> reporter: that would be the folks at live nation and ticketmaster unit, and it's so funny, liz, we started reporting on this this morning, idina menzel is going to be performing starting perform tomorrow night. it used to just say idina menzel, now it says live nation and madison square garden present, that's because live nation is sponsoring this, that's how they've got the lion's share of the ticketing business. you know ticketmaster and the parent company live nation an

. >> all right and we'll check rick's fitbit numbers later. >> an 11-year-old boy who says he was bulliedwned a new group of friends a group of bikers have taken him under their wings. sixth grader phil mick arrived to the first day of school on a motorcycle. joining him were 50 members of an indiana motorcycle group. they prayed for the young boy who has been through a lot. things were so rough for phil last year that he thought about taking his own life. well, this group wants him to know that they've got his back and he's not alone. >> we're there for you, phil. anything, if you need us, reach out buddy. >> i got a guardian angel watching over me. >> phil says his first day of school was a big success and he credits his biker buddies. great story there. >> that's a nice story. we'll take a quick break. more news when we come right back. don't go away. >> ♪ >> ♪ >> a rock concert is coming to the beaches of wildwood. eddie money will headline the rock and roar show. the former new york city police officer burst onto the music scene in the late 70's. also set to take the stage, fog hat.

how about fitbit? a smaller drop in sales, whoa, smaller drop in sales?ch its much-awaited smartwatch for the holiday season, the thing is up 14%. 5.80 a share. >>> our next guest says president trump should address the nation from the oval office and push tax cuts. that is how ronald reagan did it back in the '80s. watch this. >> only if the congress passes all of its major component does it have any real chance of success. this is absolutely essential if we're to provide incentives and make capital available for the increased productivity required to provide real permanent jobs for our people. and let us not forget, that the rest of the world is watching america carefully to see how we will act at this critical moment stuart: couldn't you say exactly the same thing today? joining us now, bill mcgurn, columnist for "the wall street journal" you want our president, president trump, to do exactly the same as ronald reagan did? >> yes. i think it was missing in the health care debate. we had a bill that i think was good, various bills, did a lot of good thi

fitbit as well -- that company's second quarter beating estimates. cautious on the stock, saying the growth may not sustainable. here, too, he see a pop in the session that is healthy -- you see a pop in the session that is healthy given those numbers. there is some issues in the drug in-swerve should -- doug -- drug instrument -- drug distribution industry. rising for generic drugs -- generic drugs falling. hologic missing estimates. with comfortable sales for july. bath and body works missing estimates. that appears to be the main source of disappointment for l. brands. scarlet: the july jobs report is the biggest item on the agenda tomorrow. economists expect an increase of 180,000 payrolls. this comes after i is him slowed in july to its worst pace in almost a year. joining us from washington, michelle, who covers the economy for bloomberg news. let's start first with the jobs report. when we look at it, everyone is saying it is more of the same, pretty much looking at what we have gotten in june and the previous month. are there quirks we need t

some of the stocks we've been tracking this hour, higher fitbit still up 6.5% vmware as pat gossner gets ready to take the stage, up about almost 2%, as well and snap up 3. >> i would just note, also, with the dow, just some of the movers are related to the impact of the storm. travelers is the biggest loser home depot is the biggest gainer >> indeed. well, mike, sarah, thanks. let's welcome over to the half polic melissa lea back at headquarters >> south texas underwater. the rescue and recovery operation still underway, three days after harvey makes landfall this is video of houston from a drone, shot just a few hours ago. parts of texas getting even more rain today, as this history-making storm keeps lashing out at the lone star state. welcome to the "halftime report." i'm melissa lee in today for scott wapner we'll get the forecast and the virtue latest on what could be another major storm in just a few minutes. but first, contessa brewer is live in houston covering the business impact. jackie deangelis is in corpus christi watching the refineries, and brian sullivan is focusing on t

and a fossil, which makes 29%, continuing erosion in demand for watches besides fitbits.et's going to the bloomberg. 9015. when we talk about reaction to korea in terms of the vix rising, you can see in the overall scheme of things, it is -- slow and steady is the way the s&p was talked about. long periods without more than a 1% move one way or another. there was a tiny move yesterday. the market is digesting the tensions between north korea and trump, and writing it off for the moment as rhetoric. says the players are new, mostly referring to trump. we are not used to him being in this situation, as it comes to a head. yvonne: turning to commodities, the subplot -- that surprise jump. su: it was the biggest gain since january. that was a surprise. if we going to the chart in take a look at how oil has performed, it is not been able to budget above the $50 since a week ago, monday. u.s. crude stocks falling 6.5 million barrels. the focus was on the gas supply gain. if we listen to goldman sachs's head of commodities, he points out how difficult it is for commodity traders

." >> we've got vmware's ceo talking amazon cloud partnership and security fitbit's ceo will talk this iowt's going to compete with the apple watch, coming up on "squawk alley." >>> record amounts of rain pouring down on texas, causing massive amounts of flooding. our contessa brewer is in houston with more on the economic impact of the storm in the fourth biggest city in this country. contessa >> reporter: it is heart-wrenching to watch this. i'm at the convention center watching a school bus just come in and, uh -- [ crying ] there's little babies, and i've just seen a little kid just burst into tears, and his parents trying to comfort him. what we're seeing is old people who really need wheelchairs have been coming in, leaning on the arms of the people who are helping them, strangers. they don't know them right behind me is an elderly woman in a wheelchair who says that she's been separated from her family, and you cannot imagine the numbers of families. you see the small children coming in, their homes destroyed. the sheriff has tweeted out here, the police chief has tweeted out th

let's just say if you do get involved in this, therefore you feel like you should be involved in fitbity're not the same and josh lipton does great stuff. too pained when he talks about gopro. but he's so great. people do not know how good he is on apple. he is the best on apple of any analyst, any reporter. josh lipton is fabulous. >> opening bell in 4 1/2 minutes. experience unparalleled luxury at the lexus golden opportunity sales event before it ends. choose from the is turbo, es 350 or nx turbo for $299 a month for 36 months if you lease now. experience amazing at your lexus dealer. >>> live from the financial capital of the world, opening bell under 90 seconds on this tuesday, futures looking good. ten-year yields close to their highest in a week as retail sales and empire come in strong. we'll get more data later in the day. of course, you're watching earnings from retail home depot is the star of the morning. >> and i love when banks lead, i like it. and banks started the turn on friday remember that turn on friday, we had literally like a 4-hour bear market there and a lot of w

we are watching shares of fitbit, schedule to report second-quarter earnings, analysts are expecting a loss there. fifteen cents, down 60% -- better than 60%. cheryl: we got word an hour ago, a suicide bomber has targeted a convoy of nato troops in afghan province. a statement from the u.s. military says the attack did cause casualties. it's not immediately clear if u.s. troops were part of that convoy. the airport, though, is home to major military base for international troops. the taliban claimed responsibility for that attack. well, president trump set to announce a plan to overhaul legal immigration today with tom cotton and david perdue, lawmakers have been working with the white house on the bill which would restrict and reform overall the immigration system and propose to cut about half by the year 2027. meanwhile 650 people have been arrested nationwide in raids by federal immigration agents. four-day operation last week targeted families and unaccompanied children who had entered the country illigalyy. -- illegally. remember eight weeks ago kanye west canceled tour because