rich: there is a moat around groupon. we know the daily deals business really well. , we areentioned transforming this company and we have been in a marketplace transformation for a long time. just ago, we saw that being a daily deals company was not going to provide the kind of opportunity or value creation long-term that we believe can be provided in a local space. a have started to build bigger and bigger marketplace of offers. it is unmatched in our core market. our customers love it and we have an extremely strong brand recognition in this country and around the world and customers that love the brand. we do have a moat around the business now. we continue to build that boat with product development. --esting in stuff like vonnie: groupon ceo rich williams. david: alan greenspan says he is worried about frothy bond prices. this is bloomberg. ♪ david: this is "bloomberg markets." vonnie: time for the bloomberg business/. flash.mberg business the board of directors will be replaced by the interim ceo. the vitamin and s

moat arounduild a groupon so that doesn't happen to you?now you can see there is a moat around groupon. we have looked at that business. we know the daily deals business really well. as you mentioned on your intro, we are transforming this company and we have been in a marketplace transformation for a long time. we saw years ago that just being a daily deals company wasn't going to provide the opportunity or value creation long-term the we believe can be provided in the local space. we started to build a bigger and bigger marketplace. it is unmatched in our core markets at this point. customers love it. we have strong brand recognition in this country and around the world, and customers a love the brand. i think we're in that spot where we do have a moat around the business. we continue to develop that moat with new product development. emily: that was the groupon ceo, rich williams sprayed microsoft is cutting more jobs as a part of the move to appear the companies smartphone ambition. the company said in a regulatory positionst 2850 world

we were just talking to the groupon ceo about all those companies that just went the way of groupon.avid: thank you. cory johnson joining us here in new york. shares of astrazeneca on the rise today. speculation it could be a takeover target. -- ceo told astrazeneca plans to boost sales to as much as 41 lien dollars, easing investor concerns about the drugmaker pipeline. shareholders have signaled they favor anheuser-busch takeover. the board will meet in the coming days to vote on whether it supports the deal. are said to be among those prepared to back the offer. vonnie: mastercard post a profit that beat estimates. the firm is investing in new technology. and that is your bloomberg business flash update. ,avid: still ahead caterpillar just lowered its full-year guidance this week in today's options insight. prepare -- to protect yourself from any potential downside. vonnie: this is bloomberg markets. david: it's time for options insight. >> joining me for today's opons insight is tim victim, lead option strategist at delta in he joins me from cboe chicago. i'm looking at the marke

groupon seeing the most since february.king of the mobile ad space. and we look at amazon and google which will report. ♪ ♪ scarlet: after yesterday's fed meeting, eyes have turned to the bank of japan meeting overnight. we spoke with credit suisse vice-chairman neil staab about what it is about this meeting that has people paying attention. abe's government, government, has sent signals about fiscal efforts that suggest we are at the threshold at least of seeing a more coordinated fiscal and monetary push not just in bank of japan but more broadly around the world. a lot of central bankers have been of this interview. -- of this view. >> on that front of course, the bank of japan is getting more creative because options are limited. experts say all the time we are in uncharted territory, don't know what the outcome will be. japan has a long history with failed experience on monetary policy. how cautious are you? >> japan has been different from the u.s. japan is a high savings country. two to the degree that there are dist

the fact that groupon not too early to start buying, grub hub should buy groupon. focus on whole foods when talking about food. this is a company that once again moved up from 30 to 34, 35, lot of it was takeover situation, a lot of it people feel maybe they do something private. this was a miss. it was tough. i think john maki -- he was the co-ceo, really kind of told it all when he said at one point in the call people may not be driving as frequently as far as they used to because they can stop by a kroger or heb or wegmans to get products they used to only get at whole foods. there's overlap. what he's basically saying it's not that special. now, against that they're doing a lot of different things. they got a loyalty initiative they're rolling out in dallas/ft. worth, tested well in philadelphia. terrific 365 the smaller format. they are doing everything to try to turn this thing around but they're doing so many things at once that i think it's actually hurting the message. not unlike what happened with starbucks when howard tried to do the frappuccino and chan

groupon. is that going to be around? >> we are going to talk to the ceo and i suspect he will tell you he plans to be around. >> it was 25, 25 dollar stock once so it's up today. is it are a real. >> it's a real company. >> i bet the $6 billion offer they got from google a few years ago is pretty good right now. >> let's talk about alphabet. google now is a verb. it's probably known in every language. then there was another one that decided -- changes the name. and totally ruins years. p when you say alphabet, i know it's google, but google. why don't you do it some other way. keep it as google. it's google. alphabet. >> the company hasn't even rebranded from the top down. >> you can't rebrand the alphabet. stop. go back. >> it's still the google table. >> new coke was a mistake. admit it and go back. >> you think alphabet is as bad as new coke. >> yes. i think it's a horrible name for a company. >> it's not a brand. it doesn't matter. >> but you want to have a brand. >> it's a basket. >> amazon from here on out is going

watching for amgen and courtney on groupon.nbc senior market commentator michael santelli is here. and for more on market action and earnings due out shortly tim seymore is with us and we will jump in as soon as we are ready. >> hard core wait and see mode ahead of the fed. just oscillating and trotting the same everyday and we get the fed news and didn't disturb the picture at all. really wasn't a catalyst. yes, modestly upgrading the assessment and economy. but i think the fed allowed the opportunity to get more hawkish to go by. and therefore, no change in outlook. i think is all about, you know, account market hold these levels which we've been digesting of that rally. >> amgen out with earnings. let's get to meg with the results. meg? >> in the second quarter for amgen, adjusting earnings as $2.84 a share versus $2.74 a share from analyst. beating at $5.69 million a quarter versus $5.89 billion. and revenue of 22.5 to 22.8 billion projected up slightly and eps to be up to $11.10 to $11.40 a share for adjusted eps that is a

it is the highest surge in three months for groupon, since it struggled going public in 2011.'s narrow focus and marketing spending as -- not --aker martin is in is not sold yet on -- he needs to see more evidence of uk's vote to the leave the eu. he says central bank may ease monetary policy. british citizens cut spending in anticipation of any long-term hit to the economy after breakfast -- economy after brags it. london the homebound could fall more than 30% because of the british decision to leave the eu. companies will certainly have to relocate parts of the accessusiness to retain to the eu's single market. that is your business flash update. >> in the lead up to that, imf managing director christine lagarde share some of her thoughts in an exclusive interview with tom keene. from the federal reserve building in fed -- building in northern manhattan, she discuss what path thees imf is taking after the brexit vote. my recommendation would be reduce the level of uncertainty, identify clearly what the goals are, identify the that it, and understand will take time. requireil

that helps groupon stock. ericsson stock is lower today.ompany recognized almost 17.5 alien dollars in sales before clients were -- 17.5 billion dollars in sales before clients were notified. roche has a light cancer medication that is not showing improvement and that stock is down slightly in the market today. let's look at what's making headlines. taylor: the republican convention gets underway today in cleveland. the party pozner national chairman says it is donald trump's chance to convince americans he can be -- the party's national chairman says it is donald trump chance to convince americans he can be president. president obama says there is no justification for attacks on police. the president spoke after amana baton rouge killed police officers after a man in baton rouge kill police officers. described as a black former marine angry over the way black people were treated. french police have made more arrests in the nice terror attacks. for acquaintances of the man who run down scores of people with a truck were detained. the french

as i said facebook is leading the charge for earnings, but a whole bunch of other names among them groupon you the list. david and melissa will have these numbers 4:00 p.m. immediately following countdown. we'll see how gopro is doing too. i'll be interested to see if they can turn that one around. closing bell 36 minutes away. and the dow is up 37 points. doused. watch this. rivera burying the brunt of protesters yesterday. water dumped on his head as he was out there defending freedom of the press. no e demonstrations. we'll show you. jeff flock, have you been dowsed yet, jeff? >> it's been an incredible ride here, although last night we've had so many of these people in the bernie sanders crowd thanking us for our coverage of their message, which they say is not otherwise getting out. that full story which continues when we come back it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well

first up, groupon piper jaffry upgrading groupon to overweight from equal weight.get goes to 6 from 4. hey, groupon is narrowing its product focus, being more regional. company been ramping up marketing spin. and the analyst says that while the street is modeling for the marketing ramp, it is not accounting for the gross profit generation from newly acquired customers, adds groupon excels that the local deal by the way, michelle, $6 price target on a $3.89 stock is about a 60% to 70% upside move. >> moving 11% today on that call. you can see it on the two-day chart. the second stock is coach. aspirational luxury brand baird upgrading the retailer to outperform from neutral. the analyst raising upgrade on recent consumer survey -- i'm laughing because i think this is very funny, pointing to increased demand from women for -- >> handbags. >> handbags. did it ever die? i don't know. baird raising the price target to $350. that represents about 18% upside from friday's close. >> help me out, i was listening to "squawk box" in my car this morning, you were hosting. >> y

melissa: shares of groupon surging 25% after-hours on second quarter results.ine deal site reported a smaller than forecasted loss. raised 2016 revenue outlook to a range of 3 billion, to 3.1 billion. david? david: donald trump currently holding a town hall in scranton, pennsylvania, slamming hillary clinton on trade. gop nominee says clinton was only against the trans-pacific partnership the trade deal in order to win the nomination. like burman live from philadelphia, latest what trump is doing all day. all day taking headlines away from democrats. reporter: this is issue for hillary clinton today. donald trump trying to capitalize on this tpp. of course 12-nation pacific trade deal. the white house has been pushing it. president obama says it will lead to jobs here at home and better regulations overseas. the bor unions though oppose this. donald trump opposes it. bernie sanders opposes it. hillary clinton, the secretary of state, hillary clinton, was for it. now as a candidate she opposes it. however this whole issue reignited once again yesterday when top

groupon up 30% for the week. grubhub up 20%.ysts saying not to overeat when it comes to grubhub. >> the company stock up 20% yesterday. errors coming out today. a couple downgrades. third quarter not looking as good. >> and feels like it was three weeks ago. >> or longer. >> or longer. yeah. for the time being, markets flat. s&p hit that intraday high. see what's going on back at hq and get "the half." >>> carl, thanks so much. welcome to the "halftime report." i'm scott wapner. top trade this hour, the so-called fang stocks. facebook, amazon, netflix google beating the broader market. what once fueled the rally is primed for another run. josh brown, go to you. look at stock performance. facebook up 3%. amazon 3%, netflix, alphabet, google up 5%. s&p back. >> and blowout earnings from these names. i don't think a lot of institutional money managers bu t

thought if i got to look through white people's secret e-mailses it would be just all ( bleep ) and grouponso pat themselveses on the back. trevor, you're half white. give yourself half a pat. >> trevor, this is ugly. anyone can hack you these days. that's why i don't send anything over the web anymore-- not e-mails, not photos, not tweets. i attach all of my tweets to the legs of actual birds and then i hand draw all of my news and i deliver them in person. ( laughter ). >> trevor: oh, wow. okay, we're doing this. ( laughter ) ( applause ) the detail-- the detail is harrowing. thank you, michelle. jordan, you're still convinced that this is bad? >> of course, this is bad. you know who hacked the d.n.c.? the russians. russia is manipulating a foreign country's election, which is not only scary but it's america's job. chili, nicaragua,itily, portugal, panama, screwing with another country's election is as american as apple pie. which by the the way we stole from the dutch. >> i still say this is good. we're talking about e-mails, man. e-mails! do you know how much black people would love if t

so sour living social and groupon about a month or so beforehand.ould usually find either amusement park tickets or show tickets from 40% to 70% off and don't try to cram too much into one day. that makes it feel even more like work. >> very good point. and speaking of work, don't check your e-mail and smartphone, right? >> make you are you are leavi your away message on for work and don't check your e-mail and get a maid service to clean up up so you are not doing household chores too. >> thanks. >> sure. >>> up next, a look at the news at the week ahead. >>> and fitness could come with a price but at one place if you don't lose the weight, you gain back the cash. >> i'll write you a check to ge get let out of your membership. you listen. you listen, you laugh, you worry. you do whatever it takes to take care of your family. and when it is time to plan for your family's future, we're here for you. we're legal zoom. and for over 10 years we've helped families just like yours with wills and living trusts. so when you are ready, start with us,

. ♪ >> groupon shares climbing. the company boosted full-year and ebida outlook.f 24% in after-hours trade. let's get to first word news. tell president obama will the nation why hillary clinton should succeed him. his primetime address in philadelphia will seek to convince skeptical voters, including some democrats that mrs. clinton is trustworthy, prepared, and ready to leave. it is a far cry from eight years ago when their campaigns for the democratic nomination were at times bitter. also scheduled to speak, vice president biden and tim kaine. a warning from fbi director james comey, hundreds of terrorists will seek to infiltrate western europe and the united states to carry out state iss islamic defeated in syria. speaking in new york, the director said he expects an "terrorist diaspora" out of syria and it has emerged in brussels and paris. he says those attacks will be carried out on a wider scale. in france, one of the islamic state supporters who killed a priest reportedly was on a terror watch list. the associated press says he was forced to wear an elect

groupon an improved outlook we hear and that's going up significantly.ey go up a dollar, that's a 30% gain liz: good man. stuart: facebook stock. day. when we say that, and it's going to be straight up big time on the opening bell. you'll see it here. one last look, s&p, nasdaq, moments away. this guy can segue. ashley: oh, yeah, cheesecake factory. stuart: get out of here. [laughter] >> now, we've got some time before the market opens. when i say we've got time, 35 seconds. not going to stand here and talk for 35 seconds which i can do by the way. ashley: five gone already. stuart: 25 seconds. [laughter] okay. we're going to open ever so slightly lower. what is important on the market is oil. we're down to $41 a barrel. as oil goes down, stocks tend to come down, in the old relationship we'll get back to that. hark, i hear the bell ringing and look at the clock, three, two, one, there we go. this can segue. ashley: cheesecake. stuart: 18, 453, there we go, a lot of dow stocks are in the red and we're off 24 points in the first ten, 15 seconds. the openi

groupon is jumping the most in three months on the back of an upgrade from piper jaffray.s jumped 11% monday. this is bloomberg. ♪ emily: we are back with more of our exclusive interview with chuck robbins as we near the one-year anniversary since he took over from john chambers. as the world shifts to mobile and the cloud, robbins says he is not in denial. >> there are so many transitions going on. you have to fundamentally look at them through the lens of what opportunity they provide for you. you cannot be in denial. i told our team that denial is the first step to death. you have to take a look at these transitions, understand the implications. what matters to the customer? you cannot get so locked up on the technology itself that you lose sight of what the business issue is that the customers focused on. that is what they are trying to solve. we will remain agnostic. we support cloud-based models, software-based models, hardware-based models. emily: meg whitman in particular has been critical of the dell deal. doesn't this combination become more of a competitor than

this is the highest groupon in three months, which has struggled since it went public in 2011.s on market spending as a driving growth. -- british time minister shery: the british prime minister visited wales today. talks are going on to save the plant there. concern that pulling out of the european union could damage the u.k.'s steel industry. that is your business flash update. joins: abigail doolittle us to show how apple and netflix have been performing lately. abigail, what is going on with apple -- apple and netflix? abigail: it's all about technology. the biggest boost for the nasdaq is apple. shares are flirting with that round number, slightly below now, nonetheless of 1%. it appears the strength is being driven by armed holdings. the company has agreed to be bought by japan's softbank. some may see this as an indirect stamp of approval on apple. worse, they are reporting their jerk -- their june report next tuesday and the focus will be shifting that we soon. interestingly earnings are expected to drop on a year-over-year basis. compare that to one quarter of one year

shares of groupon are soaring after hours. company posted a second-quarter loss but boosted its full-year sales outlook to $3.1 billion. ceo rich williams is trying to ane the company to being online destination for people looking for bargains. gopro declined 47% in the second quarter, but still better than analysts expected. they said they will return to profitability in the fourth quarter. the company is also expected to release a new model of camera later this year. still to come, tesla unveils its biggest bet yet. a sneak peek at the gigafactory in the nevada desert. this is bloomberg. ♪ emily: one stock we continue to watch, nintendo. shares down another 5% after a series of disappointing updates from the game maker. last week, nintendo said it would not be able to rely on the success of pokemon go to boost profits. the company set a highly anticipated accessory for the game is delayed until september. the net loss for this quarter was also wider than analysts projected. t-mobile says it is holding on to the users it lure

groupon adding more than a million customers. ceo on "squawk box." that's a first on cnbc interview at 8:40 a.m. eastern. kir rasm look at the reaction of 20%. whole foods profit falling for the fourth straight quarter. same store sells slip amid competition at the high end. the super market giving a weak forecast for the current quarter and sharing declined more than 5%. iac interactive. the daily beast adjusted earnings in revenue missing forecast. >> whole foods so much better. >> the quality is better and the prices when you rack it all up, steams to me to be less. >> they've been working hard on price. i like it here. the produce is better. >> yes. >> than trader joes. >> we could talk about food all morning. >> definitely could. gold corp. reporting a second quarter loss. production rose by nearly a third. it received were about a third lower. diageo reporting sells. the maker of johnny walker whiskey and smirnoff vodka expected to grow. it's up 1.6%. ceo will join sara later this morning in a first on cnbc interview. that's at 10:00 a.m. easte

i use groupon a ton. it is making a comeback. jon: i've never used it before.bal markets, futures pretty much stable throughout the session. we turn to japan almost straight away. 1 fullclosing lower by percentage point. a big move in the japanese yen. implied volatility overnight. dollar the highest since the financial crisis. sessionff a weaker yen in the commodity market, the sixth straight day of losses for crude. wti down for a sixth straight day. for anyone yesterday in the bond market, the bond bulls looking for the warm embrace of an accommodative federal reserve. today, up one basis point on the 10 year. fed will they-won't they rate hike debate. y: president obama made his most forceful case yet for hillary clinton, offering his endorsement in philadelphia. president obama: there has never been a man or a woman, not me, more qualifiedy than hillary clinton to serve as president of the united states of america. shery: clinton joined the president on stage after the speech. tonight, clinton will formally accept the party's nomination. senator tim kaine

. >> groupon. buy, sell, hold. >> sell. >> thanks for being here.ciate it. >> thanks to all of you for being here. >>> "power lunch." i'm tyler matheson. good afternoon, everyone, and welcome. we've got a trifecta, a hat trick, a triple play of battlegrounds today, from wall street to the race for the white house. a megadeal in the cloud. cloud wars. rising fear that a car crisis could be coming. car wars. and an escalating war of words between hillary clinton and donald trump, candidate wars. >>> we get set to kick off the final day of the demti

i have a groupon." [ laughter ] chelsea clinton gave birth to a son this weekend.ortunately, due to his young age, he's a sanders supporter. [ laughter ] kids -- the kids love -- [ applause ] kids love some bernie sanders. representatives of bush-era secretary of state condoleezza rice said this weekend that she is not interested in being donald trump's running mate. said trump, "that's too bad. i love condoleezza rice and all mexican food, really. i love hispanics." [ laughter and applause ] "that's some good condoleezza rice." prince william put out a statement this weekend urging men to be more open with their feelings. all right. here it goes. i'd like to sleep with your wife. [ laughter ] felt great. felt so good. [ cheers and applause ] to unburden myself. a company has created a line of non-alcoholic wines for cats containing catnip, water, and organic beet juice for owners who want to drink with their pets. [ laughter ] said the cats, "yeah, i actually have a thing tonight." [ laughter ] and finally chipotle ceo steve els is being accused of insider trading

thanks in part to disney princess "frozen" and "star wars" and groupon getting an upgrade today.aven't heard that name in a while. overweight -- to overweight from neutral. piper jaffray says they're getting better at focusing the deals for the products as well as the geographic regions. carl, back to you. >> thank you very much. courtney regan. a check on the energy complex as well. jackie deangelis at the nymex. >> good morning to you, carl. as courtney mentioned oil prices are in their sweet spot right now opening the week lower, hanging out around $45 a barrel. very interesting because we had a choppy week last week, big moves in eat he direction but ended up relatively flat. and traders are saying to expect much of the same. now the fundamental story is still intact, too much supply, not enough demand including with the summer driving season to churn and work through it. the recounts here in the united states have gone up for three weeks in a row. some people taking that as a sign drillers are more willing at the higher price on a relative basis to drill that will push price

groupon climbing after piper jaf ri upgraded it and increased the price target, just under $4 right nowthe analyst expects the company's new marketing spending to help drive customer growth. >>> well, this story is still buzzing on wall street. a portfolio manager fired after throwing a pool party, a fund-raiser, in the hamptons. robert frank has more on the story. sflobt. >> a lot more, kelly. the spray-a-thon and the controversy keeps flowing. as we first reported, bret barna was fired after the july 4th fourth burst into the news. social media filled with those pictures of the party featuring more than 500 customers, champagne showers. "the new york post" reported that the owner of the mansion anonymous was threatening to sue for a million dollars for damages. saying the guests wrecked the pool and stole art from the house. it turns out the house was rented to barna for $27,000 by omar amana. the new jersey-based investor arrested last wednesday on charges of wire fraud and conspireing to defraud investors. u.s. attorney's office saying there was a conspiracy to defraud investors wit

. >> groupon. buy, sell, hold. >> sell. >> thanks for being here. appreciate it. >> thanks to all of you for being here. >>> "power lunch." i'm tyler matheson. good afternoon, everyone, and welcome. we've got a trifecta, a hat trick, a triple play of battlegrounds today, from wall street to the race for the white house. a megadeal in the cloud. cloud wars. rising fear that a car crisis could be coming. car wars. and an escalating war of words between hillary clinton and donald trump, candidate wars. >>> we get set to kick off the final day of the democratic national convention. tonight, hillary clinton officially accepts her party's nomination, and just minutes from now, we're going to speak with one of wall street's biggest backers of the clinton campai campaign, mark lazri. that's katy perry doing a sound check. she's wearing a black baseball cap that says hrc for hillary rodham clinton. >> i'm assuming you can hear her roar. >> right now, in fact. >> welcome to the busiest earnings day of the quarter. the dow is down, but apple continuing its sol

. >> it strikes me as a groupon type bargain.st get these people in relatively inexpensively. very interesting what julia said, overtaking snap chat and vines. stunning and amazing in a way this can take over so many people's phones and attention so quickly. >> because you have to leave it open. >> who is it drawing from? no one is making more eye ball hours. >> a guest yesterday was joking about stealing from amazon's prime. but i didn't know you had to leave it open. >> it has to be open to get the pokemon radius. you can't leave it and good to another app. that's why it has eye balls engagement. >> we will see if you are still using to the next time. >> i'll have a hundred pokemon by then. >> using all that innocence we are learning about. >> donald trump walks from the next convention as the presidential nominee. our next guest is trying to keep that from happening. leading the charge to dump trump and who she thinks can replace him at the top of the ticket. >> how the collapse of coal companies is affecting the bottom line.

. >> ♪ ♪ ♪ ♪ a group of retirees in new zealand residents recorded it after groupon videos on line thege of 4,000, maria 72-year-old margaret gregory cast as taylor swift in the video said because we are in retirement village doesn't mean we can't have fun your request headlined from new york back to you, in philadelphia maria: i love that i love that. >> thank you, cheryl up next republican nominee donald trump a price tag on minimum wage, stage set for star-studded lineup of speakers at democratic convention from president obama to vice president biden to hill's running mate tim kaine a preview next. ♪ ♪ v ♪ ♪ welcome back live this morning democratic national convention in flz, democratic party making history last night, after making hillary clinton the first female nominee of a major party jerry brown casting his state vote used his sign to slam republican nominee donald trump. >> ka the state with lots of energy, lots of enthusiasm, and state that defies donald trump on claimant change immigration reform 15 dollar minimum minimum wage, 221 votes for by thosernie sanders. >> for hi

maria: in business, it's a peak day for earnings, and groupon shares, and the second above expectation than two years, ford motor out early this morning, reporting disappointing second quarter results. the stock is under pressure and the comments on this program, ford ceo mark fields weighing on the broader market and his comments about the second half of the year reversed course for the future. take a look, futures right now indicating a lower opening for the broader averages right now and we have been looking at a stronger opening. dow industrials expect today open up down ten points. and in europe, the stocks are trading at a flat line. not too much action, but the earnings are driving here as well. and the s&p 100 and cac quarante not too far from where they started in the day. the nikkei average facing the largest decline. investors are awaiting tomorrow's bank of japan meeting, down better than 1%. hillary clinton will take the stage for the biggest speech of her life. last night president obama slammed donald trump and why hillary clinton is the only candidate to replace him in

>> chicago groupon, i could come up with a great list.he master of suspense and the macabre. i enjoy keeping people up at night. my analysis shows your stories are actually about human connection, even love. great storytelling needs drama and empathy. my cognitive apis can help any business better connect with its audience. you should try writing a book. find a remote hotel. bring the family. i do not think that is a good idea. >>> welcome back to "squawk box" breaking news, second quarter, exactly as expected up .6, sequentially it was up .6 the last look. drum roll, please, remember, everybody was looking for over 2% except for atlanta and they were closer. 1.2. half what the street was looking at. i could never figure this out. atlanta gdp now pretty much puts all of the parts -- why many would disagree with their view, they are looking at 1.8, even they were on high side. our last look on first quarter gdp which was 1.1, we lost the big handle, now only up .8. .8. now let's look at the internals, if we look at consumption, that was 4.