pimm: thank you, julie hyman. recap, the new york stock exchange as reports from the department of homeland security saying that there has been no cyber attack on the systems of the new york stock exchange. the new york stock exchange says they halted trading at 1138 2 to halt11:32 a.m. further problems. they say it's an internal issue and not a cyber breach. larry tabb joining us. larry, if indeed the new york stock exchange fixes this problem, will they give us a two-minute warning to tell us that the systems are up and running? larry: they will wind up providing you with advance notice. they typically go down and come back up. there's an auction process to get everything moving again. the turn on for new york is very different than nasdaq in other markets. they generally have an open requires people on the floor and everyone to resubmit orders to the point where they find an opening price and then they open. that cannotthing happen and immediately pop back up. that new issues is york one has a .5% market share

julie hyman, thank you for bringing those down.ith us we have peter atwater, the president of financial insights, and has some pretty contrary and calls about the market. peter, thanks for joining us. alix: long on gold, short u.s. equities, short u.s. dollar. my job hit the floor when i saw the long gold call. guest: i'm the only person who comes on where people say they get excited or their jaw drops. as somebody who looks at sentiment, those are the reactions i look for. it should bring back all sorts of insecurities and laughter and emotion. alix: what does it mean when you say you are looking for sentiment? is,r: what i'm looking for does everyone agree on the market story. market stories are not based on fact. they are based on how we take in information and absorbent and regurgitate it one to another. you find at peaks and bottoms, the story is really simple, it is something everybody agrees with, and to be an outlier and have an opposing view of that story is to be socially exiled from the herd. about sometalk examples. you

julie hyman has the latest.is is regarding the hack of almost a year ago that affected 83 million individuals and small businesses. it has uncovered a pump and dump scheme link to that hack. hassecurity scheme tentacles in russia, israel, and the u.s. four people had been arrested in israel and florida and reveal a complex securities fraud scheme tied to those hacked, not only from jpmorgan, but other financial institutions. a fifth person remains at large. these headlines just coming across. apparently they were arrested this morning and represent the culmination of a months-long investigation involving several friends who met more than a decade ago at fault of the state -- florida state university. one of them now lives in israel, another is charged with securities fraud in a plan to pump up the value of low-volume stocks. the two people arrested in florida are charged with running an unlicensed money remitting business related to the scheme. a fascinating story bind that enormous hack of j.p. morgan chas and

thank you so much, julie hyman.oming up in the "bloomberg market day," the worst may be yet to come in latin america. it is hard to say anything positive. google has been pushing u.s. to allow drones, and now the company is teaming up with amazon and other providers. and why we should care about the chinese market slowdown. big stories,f the and some is buying cigna for about $50 billion. it is the third major merger between health insurance companies this month. e and --ith ana gupt a senior analyst in biomedical engineer. ana: i personally think that the deal has a decent shot, i would say it has a 50%-60% handicap of success. because of obamacare, there have been a lot of profitability gaps. margins and the return on capital that the companies can enjoy. there are also very stringent review processes that are run by medicare services, by hhs, on exchanges. however, weide, have an election looming, clearly, and as we head into campaign season, i do think the regulatory process will be more onerous than typical. it

scarlet: thank you so much, julie hyman. for more reaction to those fed minutes, we are joined by eric green, global head of research at td securities and lisa abramowitz. economic conditions as continuing to approach those consistent with warranting a start to interest rate increases at some point. when is it some point? eric only i wish i knew the actual answer to that. the june minutes are still. september is when i'm ready to go because there's more confidence. everything is moving their way. they had a lot of concern about consumer spending. that's a lot better. the economic data is moving their way. the intro risks are not. -- international risks are not. we want to see how these things pulled over the coming weeks. no one really knows how they will unfold. the level of uncertainty will keep the fed extremely vigilant. i don't think they are prepared to sign off that september move up. scarlet: bond prices are getting bid up and yields are coming down and futures trading our push -- future traders are pushing -- >> thi

julie hyman monitoring those. julie: microsoft earnings rising year-over-year on a share level. 62, the estimate was for $.68. that is a pretty substantial drop of 5% over here, but it is slightly better than analysts had anticipated. cloudill highlight the revenue, everybody has been highlighting the cloud revenue. the company started. we will get more details on exactly the different breakdown of businesses. the u.s. dollar strengthening have significant impact, no surprise there. love has been a very common -- amonglong companies with international exposure. a result of the nokia related cuts, we already had knowledge of this but just to redirect, the company saying the results of a $7.5 billion non-cash impairment charge related to assets related to the acquisition of nokia devices and services in addition to a restructuring charge as $780 million. that is roughly in line with the company talked about. they also said there is a charge of $650 million with the integration and restructuring plan. it is excluding

julie hyman has more details. julie: this is a scoop our reporter got.e logistics is based in chicago. transport management services. it is backed by warburg. firm invested back in 2007. if the deal goes through, $1.8 billion, the third-largest deal this year. like many industries, they have been going through a wave of consolidation. fedex agreed to by a dutch company. those were both large deals. this would be the third-largest. if it does indeed happen. it has been a big year for m&a, guys. thank you so much. let's take a look at some of the top stories crossing the terminal at this hour. the jury that convicted james holmes is back in court trying to decide how he should be punished. he was found guilty of killing 12 people and wounding 70 others in a colorado movie theater three years ago. the penalty phase could last a month. he is not expected to testify. he faces life in prison without parole or execution. five years after dodd-frank was signed, republicans may try to change it. richard shelby of alabama says he wants to soft and the rules for re

julie hyman is standing by with an update. julie, you and i went up -- when with this five years ago. i feel a little nostalgic , though it was not a fun day for the markets. it was an exciting day to be on air and be talking about it. i want to get to what is happening underlying the stock market today. just to emphasize, trading is going on. we have talked to guests who say they have been training. -- trading here there have not been hiccups because there are so many other venues where trading can have. we have seen the selloff continuing in the major averages, all of them down by at least 1%. continuing concerns about chinese growth as the regulators halted a number of shares in trading. stemmed to some extent but there was still a climb on a 6% in the shanghai composite. the selling continues in the united states. a look again at the intercontinentalexchange. the owner and how that has been trading today. when we got the news, the confirmation, we saw a little bit of a lake downward in shares. it is only down 1.6%. even sh

into a courthouse and look up cj's information and what a trail you're leaving then. >> detective hyman is deliberately given limited information about his target. >> sometimes when you're walking into an undercover job such as a murder for hire, if you know too much, you can actually mess up a lot easier than if you don't know too much. so basically what i would do is just give cj some background on phyllis and let him take it from there. >> on december 3rd, the two have their first meeting in the parking lot of charlotte's eastland mall. while the support team positions itself nearby. >> the first meeting was hey, see what she has to say, see if she's serious about this or if this thing has been blown out of proportion. >> initially, agents restrict eavesdropping to audio surveillance. >> cj wore a wire, old style wire, has tons of wiring in it, it has batteries in it, the batteries will die, the reception is poor at times. you may or may not be able to record. you may or may not hear it clearly. >> okay, guys, i'm pulling in the mall now. >> i was trying to get those verbal queues ov

julie hyman, senior markets correspondent. a look at the top stories.y ceo says espn will eventually be sold straight to a cables without subscription. he was quick to add it would not have been any times in. it would mark a big change for espn. the sports channel has been a big moneymaker for disney. a big blow to boston. mayor marty walsh says he will not assign -- not sign any document that will make taxpayers liable for cost overruns. the u.s. olympic committee board will be later today to discuss the prospect for boston public -- were public support for the games has lagged. fox sports making a big bet on fantasy sports. draft king adding $300 million in new investments. half of that will come from fox an 11% stake. the nhl and major league soccer investing. major league baseball is increasing its investment. that is a look at some of the top sports stories. u.s. stocks are under pressure today. consider this. has not experienced a 10% correction in nearly 1400 days, nearly four years. the third longest stretch of days without a 10% fall since worl

julie hyman, our senior markets correspondent. ahead, baseball's all-stars are getting younger and younger, but can the league translate its phenoms into a bigger audience? we will be back. ♪ betty: welcome back to the bloomberg "market day." here is a look at some of the top stories. in new york, the family of a black man who died after being plates -- placed in a chokehold has settled with the city. $5.9amily will receive million. themedical examiner found chokehold contributed to eric garner's death. new york police are barred from using chokehold. it is a victory for uber in new york. drivers are freelance workers and not employees. that is a decision that supports business model. in california, the labor commission ruled the opposite. author harper lee's "go set a watchman" is on sale today. it is the novel she wrote before her classic "to kill a mockingbird." the manuscript was discovered a "to kill aury after mockingbird" was published. that is a look at the top stories. get your copy today. coming up, many of us were too b

julie hyman, thank you so much.in asia, the shanghai composite added .2 of 1% and japanese stocks fell because of a stronger yen on the heels of yesterday's earnings report. one big story out of the region is china's slow down and the recent tremor in the markets which has reverberated their earnings around the world. let's check in in hong kong. >> the aftershocks in china could be felt for the next few weeks with the bulk of the world's biggest bread center to report earnings. china has been among the fastest-growing markets in the past decade for cars, luxury goods and raw materials. many of the companies have taken a hit. french distiller yum! brands burberry and iron ore are around the figures in china. companies and investors are betting for a rebound. fueled by china's demographics and market from the policies. let's get you a look at top stories. , a takeoverh at&t directv and it has cleared. scarlet: tom wheeler is urging fellow commissioners to approve the 48 billion dollar deal. at the same time, we'll is

thank you, julie hyman.ther top stories crossing the terminal, the republican presidential field is looking like the starting date at the kentucky derby with 16 entrance in the gate. who is going to win? the latest to join the race is ohio governor john kasich who made his bid official an hour ago in columbus. and he saw a lot of people dying. uncle steve was not a churchgoing man, but in the middle of all of the violence in saidlood in the death, he to god, if you'll take me off this island, i will go to church -- betty: kasich served 18 years and commerce before becoming governor four years ago but he might not get into the first presidential debate next month in his home state. only the top 10 candidates in the polls will take the stage and he is currently number 12. a major newspaper in an early primary states has donald trump should quit the presidential race. an editorial did not mince words. the des moines register call sam a blowhard this calls him a blowhard and says he is degrading of john mccain i

pimm: thanks so much, julie hyman. ahead on the bloomberg market day, grading the world central banks. how does the federal reserve stacked up against its counterparts around the world? ♪ pimm: welcome back to the pin -- the bloomberg market day. some breaking news from julie hyman on the suspension of the new york stock exchange issues. julie: a few moments ago the new york stock exchange announced it was suspending all trading throughout the morning. the in my ic said it had -- the nyse said it was probing technical issues in some symbols, gateway issues affecting some symbols. it was having issues from time to time. and then about an hour later it said it was fixing technical issues with around 220 stock tickers. and then it came out that it was reporting these technical issues and trying to fix them. it looks like that issue may have snowballed as the nyse has suspended trading on all securities. i do not know what percentage of overall stock trading occurs at this point off the top of my head. we are working on fi

our senior markets corresponded julie hyman is joining us now.en you say integrated let me tie something. i get pumped. short circuit, more than just an 80's movie. olivia: an excellent movie. stephanie: wally is an excellent movie. olivia: when we talk integrated circuits, we're talking semiconductors. they going to almost everything. linear technology, they did not go into quite as much less repair the company said its revenue will fall quarter over quarter by seven to 12%. it's a weakness in particular in its industrial unit, apparently an area that had not been -- not just linear, but computer markets, that has been something much more widespread. but you can see the shares are tumbling this morning. also looking at a gene sequencing company, sales are missing analyst estimates for the first time since the third quarter of 2009. matt sent shares tumbling by 11%. we have been talking about apple all morning. then there is go procured what is curious about go pro is that it is not moving more. if you look at shares this morning, which i think w

mark: julie hyman, thanks so much.ty: staying on amazon, the company has been flirting with joan deliveries for quite some time. mark: and now amazon is trying to create an air traffic control system for commercial drones, joining google and verizon. bloomberg editor john morgan joins us from washington. john, tell us how big a deal this is. john: big enough to attract names like amazon and google, certainly, and when those guys show up at the party, the reality of a drone economy is underway. some people playing in this thinking a matter of years we could have more drones than we do commercial airlines and that means we need a way to keep track of them. betty: why wouldn't the government do this, jon? jon: they might. nasa hasbeen asking -- been asking universities, savanna sure if it is a government project, private, or a combination of the two. mark: some commercial companies have expressed interest in the project. where some of the names? you mentioned, google, amazon, verizon, and some smaller ones. we spent some

julie hyman joins us now.as watching you about an hour ago and you were telling us about the s&p 500 and how it was nearing a record. julie: let's take a check and see where we are right now. we did surpass the closing record high for the s&p 500. looks like we are not quite there right now. we are just shy of that. doesn't look like we will make it unless we see a bigger surge in today's session. record because it has been at the past two days. any game today would be another closing record for that index. dow not quite there but up about 2/10 of 1%. i want to get back to one of the big stories of the day and that is paypal and ebay in the spinoff of paypal. it rises 7% in the first day of trading as an independent company. people have had the opportunity to buy on an issued basis. just looking at a report that ebay is making its first acquisition as independent company. today.ocks are up-to-date bloomberg intelligence has this chart for us which shows volume growth of paypal up here versus the traditional pa

linkedin earnings are outed julie hyman is breaking them down. julie: i'm still trying to go through this statement that adjusted earnings the shares coming in at $.55, 25 or send above the average analyst estimate. you are just hearing from paul sweeney on bloomberg intelligence and there was a lot of pressure after a disappointing quarter last time around as linkedin was affected by the stronger dollar and weaker core business than it had been anticipating. it looks like the company is ray -- is raising it full forecast. increase, and increase nonetheless. and increase more significant in its were cast for earnings. it looks like it is forecasting earnings-per-share of $2.19. the quarter the company has just reported, revenue is coming in significantly above estimates. million is what analysts had been anticipating. this looks like a recovery quarter and you see the shares move up by about 12% in the after-hours. remember after the last word, shares fell on disappointment over its numbers. i'm looking at electronic arts also reporting and looki

brendan: julie hyman will take us through the market.imm: you said you will talk about technology. brendan: there are two kinds of google shares? julie: that's right. the nasdaq is the outperform or today. it is in large part to google but they are not the only one. facebook is at a record today and so was amazon. we are definitely seeing a big used in google shares on the back of earnings but these other tech companies are also rallying to record levels. buts a day of technology you could argue it has been a year of technology. look at the three major averages and what we have seen for the year to date. does not matter which line is which. they reach their records back in mid-may but the nasdaq is only at its record now. it's at a record again today and yesterday. if you look at the relative performance, the dow is up 1.3%, up 1.3% and the nasdaq is up 9.6% so there is a dramatic outperformance of the nasdaq composite for the year to date. i want to talk about some of the other movers -- kansas city southern is a railroad company rising

joe: without we have earnings out and we go to jerk -- julie hyman. james: -- julie: estimates were for $.47 per share, revenue roughly in line. $3.99 billion is what analysts were estimating. excuse me. important numbers on twitter will be the number of active users. the number of mobile monthly active users. , an increase from the first quarter. it is also a little bit ahead of what analysts had anticipated. mobile active users are important here. people looking at facebook on their phones once per day, 844 million. a substantial increase from the prior quarter. again, that's an important number. overall mobile monthly active users at one point three $1 billion. that's $1.31 billion. revenueimated 76% of ad came up 3% from the last quarter , a little bit in line with what analysts had been anticipating. of course, the obvious contrast with this is what we have heard from twitter, which now has a sort of stated purpose to reach the mass market. then some, there and really reaching an incredible number of people. although i am not seeing the headline

alix: directly to julie hyman.ulie: a big investment company from china, affiliated with the university is planning a bid for micron, about $21 a share. in 19% higher than where they close yesterday. there are some questions about when an offer is actually coming. no formal one has been submitted. years, thest five semiconductor deals that we've seen that have been $1 billion in size. you can see the blue bar chart is the value of deals, the big surge that we saw last quarter which was a record quarter or chip deals with intel buying all terra for $16 billion. premium onwas the this one. we have some swinging above and below that line, but 19 is not above where we have seen. but if you look at the deal multiple, then you are seeing that this might be a place. ebita.3.9 times give deals,e past five years 71% of them have been valued above evebita. analysts are questioning today the price for at least the talks upon hypothetical price that is being placed upon this deal. there's also a lot of concern about antitrust

julie hyman is looking into the -- numbers. julie: slightly smaller drop than had been estimated. $20.8 billion is what the company reported, although that looks lower than the estimates i see. in line to slightly lower than had been estimated. earnings per share of $3.84, ahead of estimates, not unusual for ibm, or for most companies we talk about. the company says it does now see a modest boost in its full-year free cash flow. it had seen an unchanged number. point 1%. is 59 -- is 59.1%. the estimate was 59.3%. it reiterated when it talked about before. i will see what else we can glean from this. this is the initial glance at the headlines. it looks like a mixed picture thus far for the numbers gross margin missing, earnings-per-share meeting. -- beating. wehther they -- whether they fallingmissed, earnings on a year-over-year basis. alix: when you take a look, what stood out to you so far? >> the analytics number stood out. it's about 20% adjusted for currency. cloud revenue is very similar to last time. the sales number, i

scarlet: julie hyman, thank you so much. pimm: let's take a look at top stories.the european commission is investigating the takeover of tnt by fedex. european regulators say the deal may lead to higher prices. regulators have previously stopped ups from buying tnt two years ago. scarlet: investors are suing american express for losing its deal with costco. they said they failed to inform importance ofhe that relationship. pimm: federal inmates could get free college courses thanks to a new pilot program. the department of education is offering prisoners limited access to pell grants. these are typically for low income students and do not have to be repaid. congress banned such aid to prisoners more than 20 years ago. this program goes around that ban because it is only a trial period. scarlet: this is the obama in stray shin -- administration moving unilaterally. there is a lot of hubbub in congress because of that. pimm: it also plays into the spotlight that the president has been putting on the prison system with his recent visit to a person system. scarlet: di

julie hyman joining me now.you be focusing on and you said the diversions, not just today but throughout the year. performanceelative between the average is because technology is outperforming today. take a look at the three major averages. it is very clear what we are seeing today, the google affect. pushing up the nasdaq i half of 1%. it is not just today. nasdaq, the out performer in the last couple of months. you have the three major averages for the year. the yellow line is the dow. the white line is the s&p. both reached their records around mid to late may. the nasdaq is just now at a record, it was yesterday and again as a continues to gain. gains for the averages, it is a most like multiples of three. the dow is up more than 1% and awayasdaq has been far and the best performer this year. what has led it there, if you look at the year to date performers, number one is netflix. it has been the out performer. this is for the nasdaq 100. electronic arts has been a big out performer. and so is amazon.com. am

joining us now is julie hyman. nasdaq is now are than 1%, helped in part by bymer earnings reports netflix and dow jones. let's take a look a little bit more granular early - may, there are i areas of slight red, including materials, but there is a relatively broad-based rally. it is relatively defensive, interesting enough. it is not the cyclical groups, telecommunication, utilities are helping to lead the gains in the session here. you can see these three groups are helping to lead telecom -- or tech, i should say, and note these earnings between intel and netflix. i also want to look at the commodities markets today. we are seeing a selloff of gold after six straight sessions of declines. gold is trading at its lowest in eight months as well. it was down another three dollars or so today or one third of 1%, excuse me, especially after we heard from janet yellen yesterday that it is likely we will see a rate increase here. we also will see a short spike in gold, and if you take a close look here, this goes back t

julie hyman is keeping tabs on herbalife.ulie: some headlines came out regarding a court case, a lawsuit against the company that claimed herbalife was a pyramid scheme. this is an allegation that has been out for quite some time. most notably put forward by bill ackman. you can see it turned around today. a court throwing out that lawsuit that had been filed by the oklahoma firefighters pension and retirement system. that is causing a spike in that stock. going decidedly in the other direction, twitter shares after the company came out with earnings. the commentary on the conference call. take a look at my terminal. we see the trajectory over the past couple of days. this is the after hours yesterday, just after 4:00. twitter jumped to 41 post earnings. the conference call started about an hour later. jack dorsey said new products are not helping user growth. right after that, we heard from the cfo who said when we see meaningful pickup and monthly it will reach the mass market area those comments coming close on top of each

julie hyman has the latest. julie: coming out with a gain of more than 60%. it is more than what analysts had anticipated. earnings also seven cents a share, or sense is what analysts had been anticipating on that front. even ebita coming in higher. i am also looking at the average monthly active users. and that is a 360 million. twitter is changing the way it accounts for those monthly active users a little bit. it has what it calls the fact follower to get tweets through sms or text message. they are not necessarily on smart phones but twitter is hoping they will move up to smartphones. it is not as the throw to comparable numbers to the past. apparently jack dorsey is saying that he is not satisfied with the growth in the audience at twitter. i am seeing figure for the third quarter revenue forecast of 545 million dollars to $565 million. the midpoint of the that is below what analysts had anticipated in terms of revenue. all of that said, it looks like the shares are performing well in reaction to these numbers. i'm seeing a surge by about 15%. remember,

mark: going to julie hyman with a look at the market.aking a closer look today at the auto section. julie: that is after we got a call out of barclays downed grady -- downgrading the whole sector to negative from neutral. , so autootors, delphi and auto parts maker. that stock trading lower today. it all has to do with china. the barclays analyst led by brian giant -- brian johnson chinese production turns negative. not only that, but the weakness in china that will not be offset by gains in the u.s. the u.s. on this industry has peaked according to johnson. those that he highlights in particular as not being desirable right now. i want to look at the one he , whichy is desirable makes sense or imaging technology that goes into cars. atsaid it is very little this point. also, the technology it has is a little more agnostic, depending on whether the auto industry is strong. more of a technology company. jeffries making a call on toyota , upgrading the japanese traded shares in particular. we can see they're up by 1.25%. jeffries saying sh

thank you, julie hyman, our senior market correspondence.confidence dropped to an eight-month low in july according to the university of michigan index. it has held at 90 four 80 straight months. that is the longest streak in more than a decade. unveiledle tv will be in september. buzz feed news says it will have control.d and voice it will be the first change 2012. california ordered a mandatory cut back in water usage. californians did better than expected. water you spell 37%, eating the by governor ordered brown. those are your top stories. july was a volatile month. the debt was no exception. the price of oil, coal, and copper have limited. here to break down who won and lisa.st is let's start with the bad news. who lost? the metals and mining companies. they filedources -- for bankruptcy. the coal companies in general are seeing their bonds decimated. metal and mining bonds have lost 8.4% on average so far this month. that is the worst monthly loss since 2008. are down. the gap between distressed bonds and the other high-yield universe

julie hyman, you have been looking into this for a while.ou have monitored this deal along with other transactions in oil services. julie: the plunge we are seeing in both of the stocks. much has not been as consolidation as you might expect in the energy complex after we have the decline in oil prices and concerns about the u.s. shale business. interesting here is that this big deal we have talked about now might see regulatory hurdles. scarlet: apparently the government is concerned the oilfield services industry would become too concentrated after combining the number two player and number three player. halliburton has proposed selling off assets to appease concerns but officials are not convinced that would be enough to restore competition. now down by 9/10 of a percent. baker hughes, off by 5.4%. out,: as julie is pointing we thought we would see more consolidation among the players but we have not. the governor is taking -- the government is taking a hard look at what assets will be sold in relation to deals like this. what conditions

let's go to julie hyman with a look at the markets.ooking at some of the biggest movers in today's session, starting with cruise line world caribbean. caribbean is trading at a record after it reported earnings and raised its forecast full-year earnings per share. current seas brought beneficial effects, something we have not heard much of these days. the shares are up better than a .5%, royal caribbean also citing better business in the caribbean and china. other cruiseelping line operators. norwegian cruise lines are higher. norwegian reports next week. carnival we heard from. both of those stocks up. carnival at a nine-year high. norwegian also at a record today. let's look at the money transfer companies. and money graham especially having a big day. named a new ceo, alexander homes, and shares rallying on that. western union also raised its full-year earnings forecast. the cfo saying there were good trends in the first half of the year. up -- and they have been recovering. they are executing a turnaround with annual losses, but th

julie hyman has a look at the markets.ulie: i wanted to look at the apple effect we are seeing in today's session. apple is a big drag on a major revenues because of the sheer size of the company after they miss in terms of its iphone shipments last quarter. shares are down by 5%. physical function on the bloomberg terminal, splc that stands for supply chain. at whichs you the web apple is the center. these are the suppliers to apple. there are so many suppliers. these are its competitors down here. these are the customers. potentially you are talking about 290 suppliers, 165 customers, 12 competitors. these could all be affected when you see a drop in the apple shares. you had an important report coming from the semi conductor industry. not a huge industry, with earnings that missed estimates. sales will fall 7% until percent in the current quarter that 7% 7% to 12% in the current quarter. we are seeing analog devices others here that are up on suppliers all falling today. definitely there is a big web we are talking abou

before we continue, it's good to julie hyman with some breaking news.ie: this has to do with the ongoing situation with teva and mylan. teva is said to raise its bid for mylan $243 billion. it may announce the approved proposal for more than -- earlier -- this week. this is coming from bloomberg's and hammond and david weiner. this has been an ongoing situation with teva and mileage. teva has rebuffed its offers until now, and mylan has also tried to make an offer for perrigo to fend off teva's offers. we are talking 86 to $88 a share, that is whatever might offer. that would value mylan around $42 billion. ofhave seen a vast amount consolidation within the pharmaceutical industry since april without any resolution. we will see if this higher price does sway mylan more than it has thus far. the pharmaceutical merger beat continues, even if we are seeing this destruction. pimm: cava has about a 4.6% stake and mylan. has about a 4.6% stake in mylan. taking a look at china, policy makers coming up with new tactics to try to stem a route that has $3.2 trill

so pumped. ♪ >> welcome back to her will check in with julie hyman.e races we go. julie: yes indeed. it was looking like the best day since may 8. despite all that went on yesterday with the closure, it was a pretty steady trading day after an initial drop. it pretty much held to the declines of the day and we're seeing a rebound here. a pretty incredible rebound in terms of breath. take a look at my bloomberg terminal. i think it is notable. it is all green. all of this is the group in the s&p 500, the sectors in the s&p. last time i checked before i cannot here only seven stocks in the s&p 500 were down. three were unchanged. in other words, remarkable up volume and up ref in today's session. what was lacking yesterday energy and materials with commodities come the underlying commodities rebounding today and the stocks are as well. gold was down yesterday even though copper was rebounding yesterday up today finally by about were percent. dow chemical is rising by 2% and the energy stocks are higher as well. we saw a five-day slide in oil prices fina

alix: thanks so much, julie hyman.esidential candidate hillary clinton is campaigning in iowa today. in theended the event iowa city public library earlier this morning and later she will be organizing a house party. whether you will be cutting up the right of the party, we do not know. scarlet: my guess is she will be getting into this fear. what we are really looking for is her first nationally televised interview, which will take place with a rival network. with us is bloomberg politics managing editor mark halperin. hillary clinton has been relatively media-shy. what are you going to be looking for this evening? mark: a lot will depend on the questions, and our probably doing the interview will have to sift through all the options. a lot of this will depend on the tone. hillary clinton has always been a little bit uncomfortable being questioned. i suspect a fair number of the questions will relate to harder topics that she has not addressed in any great detail, maybe about her e-mails, private e-mail server, her re

that's got to julie hyman at the breaking news desk. julie, what do you have?ulie: qualcomm is coming up with earnings and a strategic realignment plan. i'm trying to figure out what that involves. sounds like they are not raking -- breaking up at this but are point, examining the possibility of doing so. they are also saying that they have an agreement with a firm that have been agitating for a breakup, saying that a couple of his associates will be joining the board of directors. a third director will be selected by the company and consented to and added to promptly. that is the latest on the central breakup that was ordered in "the wall street journal," earlier in the week. third quarter earnings-per-share coming in at $.99, the estimate was for $.95. we should mention for qualcomm that some of the expectations going into this report were relatively low. given that we have not gotten strong indications thus far for some of the other chick acres, in the past we have seen earnings estimates cut by one penny on average. makers, in the past we have seen earnings

let's go straight to julie hyman who has some breaking news. julie:

alix: thank you so much, julie hyman.tories this hour, shares of yelp are down after the customer review website cut its forecast. would stophey selling national brand advertising and that local .dvertising will drive growth microsoft's new operating system was released last night. do not expect it to be computer buying like any old days, that is not likely to happen. the launch is still likely to happen, and security is a key feature this time around according to executives. >> today people are using the internet with aggressive and clever forms of code, to do everything from getting consumer credit cards to compromising corporate data security. windows 10 has a range of features from our new browser that will help consumers protect their data. using their sandbox model, so the consumers get a benefit. 8 -- alix: it is being offered as an update for existing pc's. removing one reason for people to rush out and buy a new computer. the company cofounder wants to bring up the siege of the art world into seattle. he is copro

olivia: all right, thank you so much, julie hyman.l, as julie has been telling us, we are more than one third -- more than one third of the way through our earnings season. scarlet: the s&p 500 gained more than 5%, but the benchmark index of the four-day has declined and trimmed that advance to two and a quarter percent. what is the mood of the market? joins us now. michael, in your note, you say the earnings is a game of real-time sentiments. it has gotten faster and faster as we go on, scarlet. exhibit a in that is amazon. scarlet: it rocketed. amazon, i noted, is very overbought. earnings go not as high as planned and google goes on the road and some of the chatter on the road is that they were not delivering the earth, moon, and stars as the chatterst chowders -- . amazon stock has done well and lo and behold, it is at $100. 1.4 percentt was and what i can tell you is that there are definitely folks who are short that stock and it happens quickly and violently it they are paring down in the stocks and paring down on the risks in l

i want to head over to julie hyman.: i feel like i should be in a lotus position doing some ohms, trying to recover from the day. -- julie:e are headed as we are headed into the close, one andaq has been down two thirds percent. and the s&p and dow doing their part as well, all the climbing pretty sharply today. bloombergk at the terminal and we have all of the sectors of the s&p in the red. materials following -- following the most, but most of the groups are down more than 1%. it is a pretty broad ways -- broad-based selloff. concerns about china are part of it. and i spoke to a trader at j.p. morgan that said if there was crisis, this economy would invent one. it suggests there is a lot of anxiety on the part of investors. we keep having events that people are blaming for the client and averages. would blame pretty squarely would be china. alcoa will be coming out with its earnings in less than 15 minutes. it's kicking off the earnings season for us. as you can become a judging from the stock option today, we have se

let's check in with julie hyman.health looking care particular, declining sector despite the big deal in health care. a is buying the generics business from allergan. they had been pursuing rather aggressively the whole company of mylan. i theirad been rebuffed rin efforts. the endless commentary has been relatively positive. major stingley, the guy that runs the generics business at teva used to be in allergan. he's quite familiar with that business. we see both stocks go up quite a bit. as for mylan, which is left out in the situation, its shares are down sharply by 13%. pursuing turn been para go for $33 billion. para go has been rebuffing mylan's efforts, we see with this latest of element does for the prospects for that deal. overall we've seen a lot of drug m&a this year. take a look at the bloomberg terminal. we are seeing the united states m&a among the pharmaceutical makers for really the last several years going back to 2010, you can see there has been , surge in activity this year it looks like we are on p

julie hyman just exited the fed lock up with the news of yellen's prepared remarks.t issue going to say, julie? julie: she is going to talk about what is going on internationally and this is something she did not mention in february. she said all the that recovery in the euro area appears to have gained firmer footing, the situation in greece remains difficult and china continues to grapple challenges posed by high debt property markets and volatile financial conditions. she says economic growth overall could also pick up more quickly than observers generally anticipate, providing additional support for american economic activity and she said it might snap back more quickly. as is the goal of yellen she gives both sides, the negatives and positive outlooks of the u.s. economy. she says in terms of the labor market, we have seen improvement what she says, however, there are indications that there is slack in the labor market and that too many people are not searching for a job but would likely do so if the labor market was stronger. and she says although there are ten

we're going to get a check on the markets with julie hyman.ulie, we are pretty much sitting here at the lows of our session. julie: far from the roof. when our floor detector -- director said we were going to the roof. no, he was literally saying we're going to look at the view from the roof. we are seeing stocks fall to the lows of the session today. we are seen in irving -- earnings driven market over the past several sessions. once again, you can blame most of the decline on disappointing earnings reports. i want to look at a few examples. worst performer in the s&p 500 today, falling the most in a single day since 2008. i was looking at the one-day volume, which is already about five times the three-month average. a lot of volume and a huge to klein, even accelerating as the day goes on. huge decline, even exhilarating as the day goes on, now 18%. disappointing sales of its ms drugs, particularly teixeira. it seems as though novartis is taking some market share from the company. big declines. where also looking at trip advisor. the company

julie hyman is here to tell us why.ight behind me, tesla is being downgraded this morning to a cell from a neutral. storage and auto volume growth are likely to disappoint according to the ubs analysts. we had a number of downgrades for tesla as of late. the of a cut it to an underperform. this happened this month. it's not been a good month. the shares are down by 4% right now. it's a different story for facebook. though shares are moving higher. they are getting closer to $100 a share. they posted a record. they are closing at a record. they report earnings next wednesday. bank of america is putting it on its number one top ideas list. citing a number of different reasons, including strong up mobile growth in advertising and new types of advertising including the video opportunity. the instagram ad ramp-up. we could be looking at $100 a share. facebook went public and $38 a share. paypal is being initiated by different analyst. one of them is piper jaffray. we are trying to get ahold hold of that note to get more deta

scarlet: julie hyman, thank you.arbook game and this woman touches all forms of media. that's all the producers are telling us. she looks blonde. matt: she does look blonde, though many blonde women are not necessarily blonde. scarlet: 1959, net lee high school. media entertainment. matt: it's part of the new jersey pizza triangle. i'm not sure what that means. scarlet: i think they filmed the part of the sopranos there. matt: if you have a guess as to who this is, tweet us. matt:scarlet: you can also tweet him it. matt: even can also tweet at market makers. it's a bold new design for a company that does really need a double new design. volvo has the xe 90 out, a huge hit back in the late 90's. they haven't redesigned it in 12 years. we are going to find out if this can help the company drive forward. ♪ matt: in 2010, at china company bought volvo for $1.3 billion. after five years, the automaker is finally introducing a new car that promises to give the competition a real run for its money. will the new xc 90 get yo

we will head out to julie hyman at the breaking news that's. julie:

when you get back to julie hyman, we have a .75% drop.ter of the street we have been on. matt: i expected a bigger decline. european stocks stocks down chinese stocks.com and we are only down 0.72% on the s&p 500? julie: i'm just calling up the numbers now it looks like over the past few days we are down by about 3%. matt: which is what we are off from the highs on the s&p 500. julie: we have this selloff continue in, maybe it should be bigger or smaller, i don't know. but it's five straight days we have seen the major averages fall, you've got the dow over the past week actually falling a little more. on a percentage basis. if you look at what's dragging us down, china has of the to do with it. if you look at the etf to track china, that's one way to track it. this is the fx i which looks at the large cap chinese shares the trade overseas or i should say out of china and hong kong. you can also look at the a share etf that tracks the shares that actually trade in china, it's down quite a bit, nearly 10% here as we see this big selloff. o

betty: thank you so much julie hyman. matt: let's take a look at our top stories.n london, a 24-hour strike shut down the city's famed to, it's winding down. -- famed tube. chaos.4 hours of the strike ends tonight. there is likely to be some disruption tomorrow. the decisions about the new 24 hour service due to start in the fall -- workers are striking over pay. one union says the offer was divisive and unacceptable. there is a very good feel on the table. it's not the first time the two workers have been disgruntled workers have been disgruntled. were encouraged to travel outside or work from home when possible. millions left work early yesterday to beat the strike. today, the roads have been filled with cars and people cycling and walking. buses have been crammed. not a comfortable journey. business groups say the strike will cost london millions of dollars in lost productivity. i would not be surprised if it approached a billion dollars. they love to go on strike. they do it pretty often. betty: to the middle east, more than 4 million syrians have fled the coun