global markets will rebound, says the iea.t as crude languishes. ♪ [ hip hop beat throughout ] [ fans cheering ] ♪ olympics 2016, let me get you on my level. ♪ ♪ so you never miss a moment, ♪ ♪ miss a minute, miss a medal. ♪ why settle when you can have it all? ♪ ♪ soccer to wrestling. track and field to basketball. ♪ ♪ fencing to cycling. diving to balance beam. ♪ ♪ all you have to say is, ♪ "show me," and boom it's on the screen. ♪ ♪ from the bottom of the mat, ♪ ♪ to the couch where you at? ♪ ♪ "show me the latest medal count?" ♪ ♪ xfinity's where it's at. ♪ welcome to it all. comcast nbcuniversal is proud to bring you coverage of the rio olympic games. [ clock titime. ] you only have so much. that's why we want to make sure you won't have to wait on hold. and you won't have to guess when we'll turn up. because after all we should fit into your life. not the other way around. francine: welcome to "the pulse ," live from european headquarters in london. i am francine makua. -- francine lacqua. nejra: the friend -- the kiwi h

lqumuosviitanteno esra eennare n unpeci dsuata ieas lejas -es r djaer nst cparorimo n hlae unlur y pealuel :2 :43 9 ecoci co rcoit dme eioe ne. xio... unarn las ll d tcecanquhalioal tilobtidpola vdeara asertaa aa emuiade97 juo cesadueno l ga asurqulobr pa nd hoene locaeos darino.. . licer duo mic70 tengo todeont stic..dea p..de sstio..odloue puedaacer rercia a e meo uio ng.. caisas. ndas. ectedeerdis fogfi htocaasco de inorale pe oanosinnedest luar. - rimo esa r laruyexan y don hasta coma tdicion ssie. l eeclid alre q ..laairia.laeba raciale az.. viorug muc gao.muha stia..ab dlo mptae e fu emuiade70 ulur votoe ch trjes sind paba.. jul espera quleaymu bin laer are eess es olmposercr q sles toa frtae tel icor lo micosolraa llevarse vtoria mon lafil ldrs 12. dee o jei eco ba ek ra temdo. an --nt d dpern, coam q ebual nva yok.este f dsenauee chemioenn olic.. v ..yaue lncosfran fuonrentos al blo. luec-v --os choosacroen mayoe lnarimeri "sa" qudee toeso l pan elesnsleap "terustaiehi s apicn en lexbicione los geuos elos ca 2 blnca .nselve erirn cre"nicro 4arba temdoun c". coeonocio 48rra lun ptoo

the iea cautious the process will be slow as demand growth falls and nonopec supplies rebound. oil prices a big driver yesterday. down again today by almost 1%. wti crude 41.34. we've had some softness, but we've stabilized a little bit it seems. having dipped below 40 is a big worry. >> we did get bearish factors last week we lirnearned from saudiia arabia was pumping a record amount. venezuela trying to call for a meeting of producers. not making much headway and warning of lower demand. as for the dollar, it's been weaker this week. yesterday. coming off a little bit going the other way this morning with the euro weaker eat 1.1145. the pound weaker by .40%. the dollar strength against the japanese yen importantly at 101.29. that has been hovering in the 100 to 105 level. the 100 is very key. the bank of japan does not want to see dip blow that. speaking of currency, first go to gold. on the back of the weaker dollar it's gotten a bid and held near the highs of the year. flat in morning. remember where you were one year ago? >> i was here. and i was talking about the chinese

ab hein connect hungry people with their next meal think of it like uber but for food carme bakethe iea becse she don't cut t knew she had nds who did neighbors he deadr app called pull a at an waito find people ar you ar makg a home-cooked meal asked him if c pay y graph alea forourlf your neigor andy said they had taco night you could go or there and grab yourself a taco that you quit the is already on ple deces already is ndelivery they say yo n do take t you wto or en eat in their housef u're too laztosehe rsalhef ter to t piatm inead the highe det univsi install amfirsatdesign ecifo ank hotiz at theush of buttoto college rtrewith areh ch coany ohi che ideth pire per tixinee >> do you remember this crystal pepsi i do remember what i thought it was delicious it is back on shelves at today 23 years after pepsi discontinued the product for clear: in the 1992 super 82 super bowl commercial featuring van halen but with only on the market you might remember just one year pepsi says it will be available at hundreds of major retailers all across the country for eight weeks of the celebratin

drive-through fast food restaurant and lorraine is speaking out tonight this comes the same day asmaed iea they lok $15,000 reward in the case melissa reid is here with the story. there hoping that money will motivate someone to come forward. i was working when i got the statingm the detectives was just utter shock. the 49 -year-old was killed inki an attemptedl robbery at the tao bell drive-through on oberlin avenue last augustgh a very big heart. he loved everybody. he would bet. willing to help anybody. anytime i ever needed a lightbulb change brought he wass right there. any time ight needed a rideri somewhere are needed something i was righte n there. police are not reviewing how he died the melissa says he did not suffer pittsburgh's an eyewitness says that he took off from the taco bell onside.e. he was described as wearing a tan or yellow shirts as well as can keep it sends attend college for any information leading to an arrest. we know that is something that he's somebody is going to say that money is awfully good compared to my friendship. anyone with any information you are if

. >> the iea says it think the rebalance is going to take longer.ctors here to consider. we'll see ou the online show where we're talking more oil. we have paul hikey with his view on the market. >> thanks so much. >>> yesterday helene mckroft said people were too soft on oil. >> what component of it was she talking because -- >> she's not an equity person. >> i don't want to focus on not spot price of oil right now. >> not the equities. >> let's focus on energy equities and let's focus -- this is a tough show for me. let's focus specifically on something maybe you haven't heard us mention. refiners. this is the opportunity. iea just put out a report talking about the amount of product that is being used globally right now soaking up all that extra crude oil production, high-driving demand, 600,000 barrels a day on the refining side. so finally after such a horrible year to date performance these refiners are building some positive momentum behind them. you're seeing tail winds for the first time. >> where do you come down on energy right now. >> it

the 19-ar-old justeturned from rio, and next up she started college at stanford in the fall, yes, iea rept, she has not even started her college career yet. >> log on to follow us. >> good day starts at 4:00 a.m. from all of us here at f 13, have a great night. >> announcer: the following is a paid advertisement for tai cheng, brought to you by beachbody. >> wow, joy, look at these people! they love you! [ cheers and applause ] thank you! it's regis, jo and i've got big news for you. if aches, pains, and poor balance are slowing you down, keep watching this show because credible n program that'st an gonna fix everything. yeah! >> announcer: the fas are frightening. 1 out of 3 people over 65 fall each year, resulting in expensive hospal stays, loss of independence,r worse. >> i broke my hip. "oh, mgod. what in the world am i going to do now?" >> announcer: the major cause -- aches and pains, which lead to immobility and poor balance. >> i am really afraid of falling >> announcer: t falling and losing your independence doesn't have to be a fact of life.

iea right. he kept everything on the inside, whereas everything i had spewed out. >> and that spewing out continues tonight on bachelor in paradise. >> in the words of chris harrison. >> it's truly a train wreck >> a lot is going to be revealed on paradise. how does it feel knowing that everything that's going to happen is going to be shown on tv? >> paradiie was the absolute everything's up hill from here. >> after tonight. >>>i mean -- you can't take it back, whatever. -pthat's how it goe >> you have a viddo message from gordon and jo jo. >> i wish i had some good advice to give you, i know if i said anything, you wouldn't li anyways. >> good point. i would not listen. i'm not going to take advice from joe. >> fair enough. a lot f people in our office are talking about this wonderful bd. >> i shaved a little for the bachelorette. i don't like shaving it, i like it like this. >> let's get one thing straight. you can have a little more to worry about besides the beard. >> shannen doherty's emoti

. >> the only way we can lose in my opinion, i really mean this, pennsylvania, is iea i really believe it. >> reporter: urging supporters not just to vote but to be on the lookout for cheating. >> watch and study and make sure other people don't come in and vote five times. >> reporter: and making the call for volunteers to help stop hillary from rigging this election. trump crying foul as he plummets in key battle ground states like florida and north carolina and showing signs of campaign fatigue. >> i want to get the hell out of whiplash flip flopping on his claim the president and clinton founded isis. >> i said the founder of isis. obviously being sarcastic. then, then -- but then not that sarcastic to be honest with you. i've been saying and keep saying somewhat sarcastically. he's the founder of isis and i say she's the close second. >> reporter: clinton coming to her defense. bull i ever heard. >> reporter: dismissing claims clinton lied when she said she never read classified e-mails on her private server as secretary of state. >> mary, back in the news tonight that hack on top

. >> life insurance companies are failing to pay out death benefits when they know the person iea claiming they don't know. >> in many cases, that has been the, that has been exactly what we have found. >> reporter: when you found that, what, what went on inside you? >> my first instinct was of course, unleash the hound of hell let's go after them. and expose them. for the, for the unconscionable indefensible behavior that was going on. >> reporter: he says some of the policies are worth more than $1 $10,000. as the a result. joseph got a payment of $5,000 from his sister's policy. >> i was the administrator of her estate when she died in june 1990. we didn't know anything about this at all. >> you are talking about millions of policies. hundreds of thousands of policies we're dooealing with i >> reporter: jeff atwater, chief financial officer in florida in charge of regulating the state insurance agency. >> you can assume from what we have found, policies that should have been paid out in 60s, 70s, 80s, 90s were never paid. >> you are saying it is part of their plan. >> after all we looke

that is according to the iea and the reports to opec.here is demand for the crude and the prices that we have seen, dropping into the 40's, that is not sustainable. it should pick up by the end of the week. yousef: the moves we see with production, the countries are trying to position themselves as strongly as possible for the informal talks. and it is at the high levels that they want them to be at. so where does production go until the end of the year? i am already looking at the gains. where do you see the production going until the end of 2016? >> that is the key question. the oiltors affecting prices, we have supply and the big overhang of stored crude and products coming on the market. has beenis what pushing the price down. so that will be important because, if there is not an agreement and opec decides to keep of the really hard market share fight, what is implicit in the statement from the saudis is that we are at the record production, we are at record reduction because the demand was high. when the summer demand is not there d

befo treatme, get tested for t te ieas whe certain fungal infection are common, t-mobile's coverage is unstoppable. and, with extended rangete, it reaches farther than ever. now you can stream video and music free in more places without using any of your data. from skylines coastlines, out in the country, deep in the city. we got you covered. 311 million amicans and counting. and we won't stop. come see why t-mobile is #1 in customer satisfaction. ? or happily ever after. but you believed when the right one came along, you'd be ready. time to shine. orbit. ? >> jimmy: i have one question. who do you think should host the emmys this year >> me. >> jimmy: why you? switch to u.s. cellular and get 50% off smartphones. it's a deal you don't want to miss. sir, hi. did you just say, "switch and you get 50% off a smartphone?" uh, yes. sorry. hi. hello. i was watching tv and i saw you say 50% off smartphones. and we'll cover all switching costs. oh! wow! also, you g... uh, excuse me. switch to u.s. cellular and get 50% off all switching costs. excuse me, can i just... hmm? what? i just need it

it's unclear if zuckerberg will visit any affected towns during iea trip.ill answerestions le ii facebook has taken on a role inn international disasters in addition to status updates, people use facebook's safety check feature to let loved ones know they're okay. taking their fight for higherare wages to the picket line. yesterday pilots picketed at tha airline's hub at love field inyi dallas. the pilots are not on strike but they're trying to draw attention to their demands for better contracts and the slow pace of negotiations.racts an pilots at southwest have been in mediated talks with the airlinel for the past two years. chipotle is being forced to change its employee handbook byt federal regulators.s e the national labor relations chain can no longer ban workers from criticizing the company on social media.riticiz it must also change a policy prohibiting workers from talking about politics and religion. the changes come after anes comn employee was fired over tweets about the chain.ployee was f that employee will also be hired back.lo all right. tend to get plug-in.. continuing our

jump by the iea indicating where it thinks oil is heading.t was doing that a little bit earlier. >> staying with commodities, glen core has predicted falls for first half of year. production of copper which makes up revenue dropped 4% while coal saw a 14% decline and sink a 31% tumble. gold hit record highs according to the report accomplished by the world gold council. >> sow a flurry of interest in exchange funds during the quarter. boosted demand for the precious metal by 15%. joining us now to talk about gold prices since july have been going nowhere fast. a lot of bears are not concerned where gold goes from here. what do you think? is there any upside? >> i think we saw upside over the last four months. there's mixed bag in terms of demand, there was a lot of demand in etf in the western world, but there was actually weakness in physical demand in emerging markets. this is individual situations in turkey for instance or individual situations in india and china, but the overall expect the demand is going to pick up. you're not going to s

. >> seth: and iea this year. >> yes. >> seth: where he said, you know, we wanted a big italian guy from the bronx. >> yes he did. >> seth: and he got a jewish guy from long island. >> he got a very short jewish guy, and that's the reason i went to asia because i know good asian food. >> seth: okay, yeah. there you go. [ light laughter ] >> chinese food on a sunday night, i'm very good. [ laughter ] >> seth: and this is -- you know, obviously this is a role, now, when you go on the trip, do people recognize you from fonzie? >> they did, they -- oh, well, i'm with george foreman. >> seth: yeah. >> everybody knows the champ. >> i'm with bill shatner who knows every fact ever written in the world. >> seth: okay. [ laughter ] >> and will tell you at any moment -- >> seth: okay. >> every fact. >> seth: okay. >> and -- >> seth: does that get wearisome, or do you enjoy the facts from bill shatner? >> no, no, no. we stopped paying attention after a while. >> seth: oh, that's great. [ laughter ] >> but he is an adorable guy. >> seth: yeah. >> he really is. he is 85 years old. we went to the mount

what percentage of total storage the iea would use, for example, do you kov through satellites?er time we cover it all. the subtlety is we don't cover it all every day or every week. so if you look over a period of months we will see every oil tank in the world. and so, but if you look on a given daily basis we're not getting anywhere close that. the interesting thing happens as we've been using digital globe at slights for years as well as airbus and a number of others, planets start to come online a new start-up in san francisco, we will get to the point, except for clouds, we will eventually see every tank every day. right now the current data products are based on seeing tanks every couple -- individual tanks only every few weeks. >> what does it cost, say if i'm running, i want access to this information, what are we talking about? >> we don't give out the actual numbers, but it is variable and depending upon the frequent siff updates you want and say the number of retail names want to cover it can be very affordable. or if you want daily access to detailed information on e

today rory and i are releasing the updates to our 2014 iea brexit prize runner up submission entitled cutting the gordian knot. it's called that for a very good reason. the gordian knot for those unfamiliar was a fabled knot in the city in asia miner so complex that no one could unravel it. in many ways that is the perfect analogy for the situation in which britain now finds itself. for 40 years it has indwind itself more and more into the tangle of institution laws and regulations that is called the european union. now the british people have spoken. they want out. her majesty's government finds itself having to unentangle that knot but this time there is no alexander to slice it open with one swish of the sword. neither rory nor i i tend to discuss the merits of brexit tate. that was discussion was for the campaign period and it has now been settled by the vote of the british people. talk about parliamentary and sovereignty challenges, but the reality is that the british people were given the choice and chose brexit. it will happen. that is not to say that brexit could not prove to

iea warning it's going to take a while to work it off. wall street journal says saudi arabia hit output. wti down this morning. >> scott. >>> on the agenda today. kohl's and macy's reporting before the opening bell. join in the 8:00 hour. then after the bell, nordstroms releasing results on the data front. weekly jobless claims are out. 8:30 eastern time. and export prices for the month of july. among the stocks we're watching today. u.s. prosecutors have opened a criminal investigation into valeant. hid a relationship with a specialty pharmacy company that helps increase sales from insurers. previously disclosed to the office in new york and continues to cooperate. >> what do you think about this? we're talking about fill door. >> says it's not connected to. they basically owned the pharmacy. >> it sort of the existed i think it's fair to say under a cloud of secrecy. no one knew much about that business. that was when michael pierreson was running valeant. peerson may be gone, but the controversy doesn't appear to be going away. >>> sha

iea sees global oil markets continuing to rebound this year as demand from refiners grows.oking at the major green come upe sizable he and their on pace to that a record together did has not really happened since the late 1990's. scarlet: it's the first time this millennium. oliver: before 2000, it happens all the time. we will talkt, about the instant messaging software to make workers more productive and is taking over in workplaces across america. we will chat about that next. this is bloomberg. ♪ nejra: you are watching bloomberg. it has been a roller coaster year for the u.n. after china's surprising devaluation of the currency and there still questions about stability. is taking aedes slight sales lead over bmw heading into the final quarter. the u.s. presidential candidates have conflicting ideas on what to do with the estate tax, abolish it or raise it? we wish you both sides. it has been one year since china devalued the yuan. the moves were controversial but the naysayers are dismissed. agree with the naysayers who are panicking about china's growth or capital gro

." >> when iea new sense of information i had about who i am as a daughter of slaves and a renewed sense of strength about what it means to come from a people who had that kind of strength to survive the underground railroad. >> visit cbsthismorning.com for more from oprah on her book club and club selection "the underground railroad." mexico's president today and we it's 8:25, i'm yetta gibson. republican incumbent.... maricopa county sheriff joe arpaio...easily beats his competition. if sheriff joe pulls off another win in november it would be his seventh term in office. his supporters coming out in droves even with court cases coming against him. the guy they call america's toughest sheriff trampled his competition. other republicans--- dan saban ... wayne baker & marsha ann hill ... all fell ... way short. in fact, arpaio's race was one of the first called.. arpaio was named the winner just 15 minutes after we got our first election results. looking ahead to november's general election.... arpaio will face democrat paul penzone. 3 thank you for choosing cbs 5, we'll see you ? sleep n

i'm not what iea i'm really not. >> beat bug creator, managed a musical miracle by attaining the right to the beatles catalog. known as one of the most protected in pop music. >> so how in the world did you get the rights to the beatles music. did you have to go the long, winding road. what did you have to do? >> through penny lane. been told by everyone to give up. but i could just see it so clearly. i was so magnetized by the idea of bringing, you know, music timeless back in this whole new way. >> good day sunshine. good day sunshine. >> wakely's passion for the beatles kept him going as he was running out of money. for three years he repeatedly pitched his vision in meetings he described as -- >> they're all scary. i kind of feel like if you are not scared half the time. not living. they're all, they're all like that. ? ? >> reporter: within hours of sealing the deal, wakely began reaching out to rockers like pearl jam's eddie vedder. takes the bugs on a magical mystery tour. ? lucy in the sky with diamond." pink sings lucy in the sky with diamond. sic sia covers blackbird. ? take

in fact, the iea, the international energy agency, just recorded that demand is finally over taking supplyto put things in perspective, we've seen in the past seven days, oil gained about 16%. that's the most since april. and that's important because oil is a major factor. that goes into the gdp growth estimates that drives the u.s. economy. we did some research that shows how different sectors behave in the s&p 500 with two surprising results. one is that technology gains just as much as energy and materials with oil price rises and the other you result is that all sectors rise with oil price rises except for telecom. >> and what's your takeaway from that? it means the economy is getting a little bit stronger? maybe the dollar is not a problem for the other sectors? >> for telecom generally when oil prices rise, you have gas prices rising. that may brie deuce the demand fort -- reduce the demand for gasoline and autos which can interfere with connectivity in your cars like gps systems and also may pull back on the mobile device usage in things like parking facilities. so that's how we att

today rory and i are releasing the updates to our 2014 iea brexit prize runner up submission entitled cutting the gordian knot. it's called that for a very good reason. the gordian knot for those unfamiliar was a fabled knot in the city in asia miner so complex that no one could unravel it. in many ways that is the perfect analogy for the situation in which britain now finds itself. for 40 years it has indwind itself more and more into the tangle of institution laws and regulations that is called the european union. now the british people have spoken. they want out. her majesty's government finds itself having to unentangle that knot but this time there is no alexander to slice it open with one swish of the sword. neither rory nor i i tend to discuss the merits of brexit tate. that was discussion was for the campaign period and it has now been settled by the vote of the british people. talk about parliamentary and sovereignty challenges, but the reality is that the british people were given the choice and chose brexit. it will happen. that is not to say that brexit could not prove to

we saw a huge move down as the iea came and went -- came out with its monthly report. enda: the report was quite mixed in its outlook. in the third quarter, they to financefinance -- a record amount of crude. it pretty neutral position. alix: one thing that stood out to me, they saw saudi production at a record 10.6 million barrels a day. yesterday, the opec report, it was hard to discern what they were pumping at. enda: that is the big theme of the market this week. those saudi numbers were huge. to be fair, it's extremely hot in the middle east right now. that is driving energy consumption really hard. nevertheless, it is a record number. in minister came out and said we are pumping out 3.5 8 million -- the iran minister came out and said we are pumping out 3.5 8 million. that is leaving people wondering whether there will ever be a point at which we ever clear this global overhang of crude. alix: in new york, and is 90 degrees. talk about the impact of brexit. jon: we had the pmi surveys. we got the housing market data earlier today. what is the story? guy: that hea

i think the issue is that we can havet trust the iea, they the resources and means to verify iran's intentions should not trust iran, but if they cheat, the u.s. has a good chance of responding if that happens in the future. host: let's go to gregory from answering the, republican line. good morning. caller: good morning. host: where in pennsylvania? -- draw an an x x in the rectangle and you will be very close, up in the susquehanna valley. host: thank you. caller: perhaps our guest can enlighten us as to how iran derived from persia and the auspicious relationship between iran, persia and the third -- theof former germany third reich of former germany? i appreciate your answer on this. guest: in has been called for thousands of years and it comes iranthe greek term for [indiscernible] iran -- we decide to change iran's title from persia to iran. but theselso had some for not like british influence in the middle east. they were formally allied with not to germany, but the allies did invade iran and did overthrow the shah and insult his son -- install his son as the last shah in 1979 -- last s