jackie deangelis.cial coverage of the drought is taking place all day today across the networks of nbcuniversal. our traders watching the story closely. brian kelly, one of them with a realtime trade today. what are you looking at? hey, judge, i'm looking at in gr, corn products, cpo the old symbol. they sell corn starch and sweeteners and seeing demand of asia and they're able to raise their prices in this environment so their margins are expanding. they're really actually benefiting from this environment. >> thanks so much. ingr. and talk to you soon, brian kelly. what do you see about deere? earnings were just a disaster. >> i'm glad you bring that up. u.s. ag equipment sales supposed to be higher, offset europe and asia. they're not. think about the situation going on with corn production. who makes up the shortfall? the brazilians. case new holland, agco. they have the exposure selling the equipment to the brazilians. those are the plays. >> jb, deere's in play today. caterpillar with action becau

ja jackie deangelis joins us from kentucky. up because of what mother nature has put out. tell us about how and some of the others benefitting because of the dry spell. >> reporter: well, that's exactly right. american water is benefitting as a result of increase in demand right now. we saw in their last quarter, water-related issues added 6 to 9 cents to their bottom line. as a matter of fact, they raised their guidance as well. by 22 cents for l whole year saying 70% of that was as a result of the increase that they were seeing for water. if you're looking in the space for other names as well, aqua america is also one to watch when looking for similar trends. now another segment that could benefit is the irrigation segment. one analyst told me that a corn farm that had irrigation systems in place this year had approximately 100 more bushels yield than a neighboring farm. so if some farmers look ahead to next year saying it's time to put in irrigation systems, we could see companies like lindsey manufacturing and val mount ind

for that and the rest of the news before the bell we turn to jackie deangelis.good morning. >> good morning to you. the futures are pointing to a slightly higher open on wall street. that's good news after stocks pared losses but ended lower. the dow continuing closing in the red on 15 of the past 17 mondays. investors will watch for tomorrow's release of minutes from the fed meeting. and today we're going to get earnings from best buy, barnes and noble and dell. the dow closed at 13,271, the nasdaq slipping to 3,076. appleç is now the most valuabl company passing microsoft in 1999. if you adjust for inflation microsoft a little higher. fueling the gains, speculation over the new iphone expected next month. apple shares closed at $664.15 on monday, giving at market cap of $623.5 billion. what can you buy for one share of apple? steve jobs gift set includes a black mock turtleneck, a pair of new balance running shoes, an iphone and the beatles anthology box, i still think you want to own a share of the stock. back over to you zbrxt i happen to agree with you. th

jackie deangelis is watching the big moves. >> not speaking latin but looking at the numbers.p on the nasdaq in line and let's look deeper. looking at the semi spasz. watching kla higher after selling prosh yesterday but it's intel 1% lower today. one source telling me intel would be speaking at a citi conference on tuesday at 9:00 a.m. in the morning. the concern is they may preannounce negative numbers and watching that stock closely. the selling will happen today and tomorrow. also seeing selling brsh in abidu and taking a look at sures of yelp. bob and gary that broke it down really well this morning. we have that lock-up expiration. 52 million shares. the volume high and not what's happening here and not seeing buying. short covering is explaining the 18% move. back over to you. >> thank you very much, jackie deangelis. >>> let's get the latest on the top story which is isaac. brian norcross. actually, it's mr. postole. >> greg. no worries. isaac is a hurricane right now as of the latest advisory an moving to the northwest. it is inland and expecting weakening in the rest

cnbc's jackie deangelis is live with that story and more. jackie, good morning. >> reporter: eun, good morning to you. bad news for orange juice lovers. futures jumped 6% to a six-week high in trading after forecasters warned that tropical storm isaac will strengthen into a hurricane and possibly hit south florida by monday. florida is the nation's biggest orange juice market. about 50 million boxes were lost when hurricane wilma hit the sunshine state in 2005. in today's numbers, that would be about a quarter of the u.s. production. but don't worry too much. experts are saying that frost and disease have historically done more damage than hurricanes. >>> and walmart is expanding the number of different vaccinations that it offers at its u.s. stores. beyond traditional shots for the flu and pneumonia, reports say starting monday, the world's largest retailer will provide shots recommended by the cdc for ten infectious diseases, including meningitis, hepatitis and hpv. they're going to be available at pop-up clinics at the front of your local

for that and the rest of the news before the bell let's turn it over to jackie deangelis. good morning. >> good morning, jon. good news to report, futures are higher after stocks closed in the red on wednesday following that fed decision. as expected the fed didn't take new action to boost the economy but did promise to step in the conditions don't improve. investors turn to the european central bank. last week ecp president gave the markets a jolt when he said he would do whatever necessary to protect the euro and its member countries. the european market is slightly higher. we'll get data on unemployment and factory orders in the u.s. and we saw the dow close yesterday 37 points lower to 12,071. the nasdaq falling 19 to 2920. retailers report july sales today, total sales forecast to rise about 1.4%, that's driven mostly by discounts to clear out spring and summer merchandise. july could also provide an early ready on the back to school season t the second biggest shopping season after the christmas holidays. toyota is recalling 780,000 rav4 suv and lexus 250 sedans. the

jackie deangelis, housing market may be showing signs of life.any homeowners who want to trade after bigger homes and better neighborhoods still cannot do it. that's because they owe more on their home than the home is worth. diana olick joins with us the story. we tried this week. a bit of a misfire. let's try it again. >> give it another shot. move up buyer has been the crucial cohort in the housing market. traditionally the most active. these folks who need to sell in order to buy, but millions of them are stuck in place in an epidemic in negativity. they have a growing family. and a growing desire for more space. >> right now we are all on top of each other they even have a growing income. and were prepared to pay more for a new home. what they do not have is enough equity to pay off their mortgage because their home is worth about $100,000 less than their loan. >> because we have been current on our payments and never been late or missed one, we don't qualify for any of these short sales or any of the special programs that help. >> jason bou

for that and the rest of your news before the bell we turn it over to jackie deangelis. good morning. >> jon, good morning. before we get to the o.j., let's talk about the market futures high they're morning after the market had a mini rebound. we saw stocks bouncing off lows after minutes from the fed meeting showed that the central bank discuss whd to pull the trigger on new measures to boost the economy suggesting that action may be coming sooner than later. that happened three weeks ago before a round of positive data came through. in the united states we're going to get data on unemployment, manufacturing and new home sales so watch for that. the dow slipped 30 points to 13,172, the nasdaq closing up 6 points to 3,073. as you mentioned orange juice futures jumped 6%, that was yesterday, to a 6-week high after forecasters warned that tropical storm isaac will strengthen into a hurricane and could possibly hit south florida by monday. florida's the nation's biggest orange juice producer. in today's number that would be about a quarter of the u.s. production. but exper

for that and the rest of the news before the bell we turn it over to jackie deangelis. good morning. >> good morning, jon. the nightmare on wall street continues, earlier this week a computer glitch sparked volatile trading in 140 individual stocks. since then the firm has tumbled from being a billion dollar market cap company to 253 million. night capital says the problem has been fixed and despite a $440 million pre-tax loss it remains in compliance with capital regulations. the futures are higher this morning after stocks closed down across the board on thursday, once again off of news out of europe. european central bank president failed to take immediate action to contain the debt crisis, disappointing investors. the dow dropped to 12,878, the nasdaq falling 10 points to close at 2909. hopeful markets watching the all important jobs number due out this morning at 8:30 a.m. eastern time. economists expecting to see 95,000 jobs added in july versus the 80,000 in june. the question of the day, are the iphone 5 rumors true. the buzz fueled by sharp, the company said it

. >>> now to jackie deangelis with a market flash. >> hi, sue. it's a tale of two sporting goods retailers today. we are watching foot locker shares moving higher. results topping the street's view. but hibbett starts slipping. weaker than expected and annual itselves worried about softer same store sales trends. numbers down by nearly 4% and up nearly 2% on foot locker. tyler? >> thanks. >>> next, sex and the ceo. is it so unacceptable to meet someone at work? they had a sex shake-up at the top. we have a great discussion on this coming up as the ladies will weigh in. before the break, five big friday movers. we are back in two minutes. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. to hold over 80,000... well, that would make you... the creators of the 2012 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. ♪ join mercedes-benz usa on facebook for the best summer sweepstakes.

let's go to times square where jackie deang jackie has details. >> the most negative impact is microsoft, cisco, yahoo, and amazon. large cap tech companies. it's interesting that the stocks are managing to hold their head above water. we're watching intel, texas instruments, and rim is higher today and we're looking into some of the reports on rumors that ibm might be coming in to buy enterprise services unit, back over to you. >> jackie d, thank you so much, should you like the stock? we're talking numbers right now on research in motion. on the technical side, abigail doolittle is with me, and edward schnider, good to have you both on the ogram. thank you for joining us. ed, what would a sale of rim's enterprise business mean for rim? >> it would be the end of rim. it's the only thing supporting the losses in hand sets. you can't do that you have to support the losses and you have to shut down the hand set side. so it's the decision to end rim as you know it. >> that's the crown jewel. let's talk about the chart on research in motion. >> in the near term, there is a possibility of a h

for a look at the broader mark let's turn to the even tempered jackie deangelis. ood morning, jackie. >> good morning. i'm looking at the futures have turned negative after we saw the markets many rebound yesterday. we saw stocks bouncing off lows after minutes from the latest fed meeting showed that the bank discussed whether to pull the trigger on new measures to boost the economy suggesting that action may be coming sooner than later. that happened about three weeks ago before a round of more positive data came through. we're going to get data on the unemployment, manufacturing and new home sales so watch for that. yesterday the dow slipped 30 points to 13,172, the nasdaq closing up 6 points to 3,073. walmart is expanding the number of vaccinations it offers beyond traditional shots starting monday the largest retailer will provide shots recommended by the cdc for ten infectious diseases including meningitis and hpv. at pop-up clinics at the front of your local store. >> thank you much. according to my calendar we're 189 days away from the so-called fiscal cliff

cnbc's jackie deangelis has that. jackie, good morning to you. >> good morning to you, eun.orkers continue to stash their cash away in their 401(k) this spring, but the modest drop in the stock market may have left them further away from reaching their retirement goal. fidelity says that the average balance in 401(k) accounts at the end of june was $82,700. that's down more than 2% from the end of march. now, the market is measured by the s&p 500, fell nearly 3% over that period. fidelity is the nation's largest 401(k) plan administrator with more than 12 million accounts. eun, back over to you. >> all right, jackie, thank you. >>> 6:51 is our time right now, time for a look at weather and traffic on the 1s. tom kierein is here -- >> and he's holding -- >> plugging his ears. >> what's going on? >> is the spoiler alert over yet? >> you can come back now. >> oh, good. >> all right. >> okay, thank you. >> sure. >> well, this morning, no spoiler alert with our weather, and i had a wonderful time visiting the cub run recreation center where they have an olympic-size pool out in c

cnbc's jackie deangelis live with that story and more.g. >> it would appear -- looks like we're having trouble with her microphone. we will maybe try to get back to her. right now, though, let's talk about weather. veronica johnson is here. >> always here. yes. >> always ready. veronica appreciate you. >> yeah. so, listen, i know that every time we talk about storms, a lot of folks are sensitive to what does that mean for the day. for us we're not talking about any wide spread severe storms but we will be looking at storm storms and maybe an isolated severe storm or two. so that's kind of the day that we've got. we've got a lot of cloud cover out there right now. we're going to see some breaks in the cloud cover later on. look at the radar. you can see showers moving out. notice the spin there, too. just off the coast. that's an area of low pressure. so some showers still wrapping around, but most of all this that we had around the area early this morning is coming on the and. we're going to get a little bit of a break before more renir f

and jackie deangelis is in kentucky for us. hi, jackie. >> reporter: good afternoon, sue.l, you're exactly right. we are here at american water's newest facility and built it two years ago in response to drought-like conditions. ceo tells us that without it they would be hard pressed to meet customer needs this year. now, this $164 million investment is already paying off due to increased pumpage here and elsewhere, american water has seen a significant impact of 6 to 9 cents on last quarter's eps and raised full guidance by 22 cents saying about 70% 0 of that is weather related. drought conditions are the worse they've been in 56 years and the majority of analysts, they still have a buy rating on water utility stocks including american water and aqua america but it's an interesting time for the water industry. they're reinvesting in that aging infrastructure and it leaks more than 7 billion gallons of water a day and at issue, of course, reinvesting in that infrastructure is keeping costs down for consumers. >> we'll spend about 100 million more this year than we did last

jackie deangelis is live. good morning. >> good morning to you, scott. the question i have is do investors dislike facebook, the stock plunging to a low of $19.82 per share yesterday. the facebook frenzy has fizzled for the moment. the stock price is down almost 50% since its initial public offering. and linkedin, the biggest professional networking media site reported earnings on revenue of 228.2 million. this was compared to wall street's estimates of $216.5 million. shares were trading up in late trading the stock up more than 45% on the year. >> jackie, have a great weekend. we're 13 minutes away from the job numbers. we'll have them in a bit. >> we'll reserve the party horns then. we'll save them for the olympics. >> 5:17. more from the london olympics. remember back in the beijing games this guy usain bolt considered the fastest man in the world. this weekend we'll find out if he'll do more of that lightning bolt running, maybe a gold medal or a world record. >> bob redell is set to find out how fast he really is. that one man who says bolt is abou

jackie deangelis is at the mercantile. ckie. >> we saw selling off in equities triggering profit taking down here in the gold pits wechlt saw the prices turn negative as soon as stocks extended the losses. traders are tentative ahead of the speech tomorrow. what will he say about quantitative easing but not necessarily that. it's degree of it because some of that is already baked in to this gold price already and the question really is he going to tell us anything we don't already know? gold prices today range bound and not hitting that 1,675. that's the next key technical level and of course the lower settlement is third time in a gold lower capping the run-up of 1,600 of earlier this month. finally, a look at the broader metals complex, as well, watching silver, copper and platin platinum. all lower on the day, as well. back over to you. >> thank you very much. >>> not that we have moved hugely today on the markets. equity markets. more in context of the fact we're not moving anywhere for quite a long time now. we have we

jackie deangelis has the details. good evening. >> good evening, larry. you are exactly right.es down again today. 4% to close at $19. that's half the initial public offering price from may 18. why is this happening? cnbc'sle julia borstin explains. good evening. >> investors are concerned about facebook slowing growth. leading into the expiration of the lock-up period when early investors are allowed to sell shares short positions were on the rise. wall street is questioning what mark zuckerberg has in the works to rev up ad revenue and diversify praps with a move into e-commerce. back to you. >> thank you. big news for big business. striking workers in the caterpillar factory in joliet, illinois, ratified a six-year contract with all the concessions including a wage freeze. shares are up after hours. meantime passengers aboard an air france jet forced to make an emergency landing in damascus, syria, were asked to chip in and pay for jet fuel. france has sanctions against syria and the damascus airport wouldn't accept credit cards. the airline found a way to pay for fuel. no w

jackie deangelis has kentucky perspective. >> we're at american water's newest facility in owen countyr demand because of the drought is impacting the bottom line. of course at times like these it's important to monitor and keep track of reservoir levels, especially should the drought continue. we spoke to the ceo and he told us not only are they closely monitoring the situation but for now, things are on track. back to you. >> let's talk about investment opportunity. so many discussions about chemicals, but it appears there is money to be made in water. american water which recently raised the guidance. most of it is water related. awk throws off a 2.7% dividend. irrigation companies, another way to play water in the drought. lindsay is up 30% in 2012. valmont has done better. tetra is more technical services. it's fascinating for me to go into the stories. there are so many companies doing interesting things you have to look deeper sometimes. >> there are always winners and always losers. that's part of market capitalism. >> fancy that. we haven't seen it in a while. >> nice. cnbc's

jackie deangelis tracking the action at the nymex. jackie? >> hi there, simon.prices trading and closing a hair higher today but in a close range. below the ceiling traders told me we wouldn't pass through this week. silver best performing this week, up 10%. there's are trading in a close range. uncertainty of monetary policy and keeping us here. in addition, traders talking about the gop and the potential to call a commission to restore the gold standard. you guys mentioned it before. that's not really impacting prices. copper trading a little bit lower today. platinum also getting a little bit of relief on the situation in south africa. there's a labor minister meeting today and watching for headlines on that. that's the action here. simon, back over to you. >> thank you very much. >>> up 78 points on the dow down here at the new york stock exchange. these bernanke comments turned us around, bob. >> it's very interesting because really he's not saying anything new at all. in fact, pastes some comments he's made previously, previous fed minutes in to the commen

cnbc's jackie deangelis is here to tell you about that and the latest headlines at the cnbc newsroom.d evening. >> good evening, larry. the treasury department says the government expects to lose more than $25 billion on the auto bailout. that's 15% higher than the previous forecast. it could be as much as another billion more because gm stock has dropped. the report calculated losses through may 31 when gm stock was more than $22 a share. gm closing today at 20.47. house republicans sued eric holder in federal court asking a a judge to compel holder to hand over documents in the fast and furious case. congressman darrell issa wants the judge to rule that president obama overstepped his authority in claiming executive privilege. >>> groupon reported after the bell reporting weaker than expected sales and lowering the profit outlook for the current quarter sending shares plummeting in the after hours trading session. >>> helen g you recollect rley brown, author of the ground breaking book "sex and the single girl" and editor of cosmopolitan died today. her motto, good girls go to heave

let's go up to nasdaq now and jackie deangelis. >> good afternoon, tyler. we're marginally lower here at the nasdaq and a friday in august and not expecting much more than that. meantime, looking at the advancers and decliners on the nasdaq 100. just about even today. looking at the decliners, monster beverage, yahoo! monster beverage continues the fall lower after the company announced that one of the drinks is being investigated by a state attorney general and yahoo! shares lower after the company re-evaluating the current business strategy. we have a downgrade there from a buy to a neutral. some of the big stock that is are weighing the nasdaq down, google, microsoft, cisco and amazon and apple in the red and when they're down, hard to have an up day in terms of index as a whole. i wanted to end on a bright note and looking at shares of rim, up 3.5%. some reports out that rim is moving higher on a positive ruling in a small intellectual property case but at the sam time there's rumors that ibm is eyeing the business enter price unit. sue and tyler, back

. >>> let's now get down to jackie deangelis at the nymex. >> hi there, brian. been a volatile week for wti this week moving higher on monday and tuesday, seeing profit taking on wednesday morning ahead of the weekly supply data and those fed minutes. and then we saw wti closing above the 200-day moving average. that was for the first time since mid-may and pivotal. next day, though, a little bit of profit taking because the potential of qe3, euphoria, didn't hold up. we couldn't keep above that 200-day moving average level but today again seeing prices on the rise. there are concerns about tropical storm isaac and what could do potentially to supply and what disruptions to potentially cause, as well. one trader telling me he's repositioning going in to the weekend. he doesn't want to be short right now but, of course, there's a bit of a cautious tone here until we know more. at the same time, some of the old timers saying never say never. talking about what they seen with katrina and past experiences and saying that, again, they need to monitor things going in

. >>> now jackie deangelis with a market flash. >> good afternoon. shares of metro pcs making a near 6% move today. and it's all about talk of wireless consolidation. jpmorgan noting that the price is a better position to buy leap wireless potentially. look at the companies. metropcs up 6%. leap wireless 0.4%. >>> and sears holdings. shld. good news of s&p. they revised the outlook, not the rating, they affirmed the credit rating. but they revised the outlook to adequate from less than adequate and to stable from negative. so not a giant move by s&p and what the firm is zoing is saying the financial situation at sears because of planned spinoffs is stronger now than it was yesterday. not moving the stock now but the you news just crossed. >>> on deck, we talked about the stealth rally but there's a big red flag for the markets that few others may be talking about but we will and why the biggest global risk may be in saudi arabia. >>> and mitt romney says he paid at least 13% in taxes for a decade. we'll lay out the road map to get you to 13%. why it

jackie deangelis has a market flash. >> looking at general electric. highest intraday level since march 1st, 2011. it could be the highest level since october of twalgt. remember, ge's a moiinority own of nbcuniversal. scott? >> how could we forget that? what's the trade on ge? >> i like it here. although it trades a little bit at a loftier price, you have a 3.3% dividend and three areas poised to move higher. industrials is ge and financials ge. ge has a move up. it hasn't seen in it a long time. >> up next, energy is surging today. we'll get the next power play from an energy rainmaker just on the other side of this short break. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. yeah, you -- you know, everything can cost upwards of...[ whistles ] i did not want to think about that. relax, relax, relax. look at me, look at me. three words, dad -- e-trade financial

. >> jackie deangelis has the details on the breaking news.with that. >> according to reports regulators are looking into whether las vegas sands broke u.s. bribery laws while doing business in china. this comes on the heels of reviews of the u.s. department of justice and the sec confirmed by the company in a march filing. las vegas sands stock is down today following reports that the chief beijing representative was hired to help open doors in china and "the new york times" says that $70 million at las vegas sands paid to companies affiliated with the yang's several million $remain unaccounted for and u.s. officials would like to know if the missing money was used for bribes. these three probes may all stem from a lawsuit filed by former sands china ceo steve jacobs who sued the i company for breach of contract alleging he was fired for not complying with illegal demands by sheldon adelson. making at least $35 million in contributions to republican groups. tomorrow "the times" reports paul ryan, representative ryan, is to appear at a fund-ra

jackie deangelis following the movers there. >> good afternoon, sue. bad day here at the nasdaq considering we are going in to the long weekend. looking at the index up just about 11 points at this hour. but let's take a look at the big movers as you said you were talking about. let's start with intel. 2% move on the day. partnering with idt on chip sets for the entireless charging technology and taking a look at ibm up nearly 1% today. moody's saying that the acquisition is credit positive. also, this morning's headline at ibm cloud working to deliver home entertainment services for phillips tv and shares of google paering the gains and there's a chatter out there that we have larry paige and tim cook talking behind the scenes of ip issues. keep that in mind and also isplunk a big mover up nearly 15% reporting a wider than expected second quarter loss and same time revenues beat analyst estimates and raised the full year sales guidance. i just want to hit on amazon up .7%. the latest kindle fire with m mapping features and watching that stock closely.

jackie deangelis is at the real-timex change with those details. >> good afternoon, guys. pretty good day for stocks. in fac-- they are posting gains more than a percent each while it is the utilities that is the only sector in the red. still really is an ever so slight loss now. take a look at the top five best material performers today. u.s. steel, titanium metals, new mining, allegheny technology. hopefully we will get those up for you. gains in the stock from 4% to 7% each. it is counting on expansion of its asia operations and to replace a shortfall due to maturing operations elsewhere. it is targeting overall output growth of 40%. let's move on and look at the tech space. leaders there, looking at cognizant, first solar, jds, f-5 networks, sales force.com. cognizant seeing a nice pop today. reporting a higher than expected quarterly profit. first solar, second quarter profit jumping 82%. that topped expectations. company will boost production to meet rising demand and raised full year guidance as well. big moves. which of the stocks that are lagging today? we said it

jackie deang liss is at the nymex. >> corn and soybean prices reaching their highest levels in ten daysing this worst drought we've seen, of course, in a half a century. wheat gave up some early gains making a mild pullback, then rebounding with corn and soybeans towards the end of the day. corn prices, though, they've retreated off their record high of 849 set back on august 10th. they're up roughly 55% since june 1st. now, the concern, of course, is definitely for food prices right now as prices of corn and soybean are exceeding those we saw in 2008, of course, when we saw the last big food crisis at that point. we even saw riots breaking out in some countries because of those prices. a lot of people watching this very, very closely. maria? >> jackie, thank you so much. >>> it is america's favorite stocks day here on cnbc. the closing bell is focusing on google this afternoon. in the next hour we are touching on all the controversy with google's snooping too much into our private lives. right now we just want to know, should you own google stock or just use google for web searches? we

"street signs" jackie deangelis. >> thanks so much for that. looking forward to "closing bell."atching upgrade of international paper, rock ten. they are higher on a day where a lot of stocks are getting hit hard. taking to outperform while raising eps and prays targets. it is increasingly confident of september price hikes for container board. container board stocks have been up about 10% for the past month or so. cs is saying there's 20% more upside here. take a look at those stocks. seeing a little green on the down day. >> that's a lot of green. thanks so much. more and more states and local governments are turning extra stash into much needed cash. that's right. many using online auctions to get rid of computers, fire trucks, even confiscated jewelry and cars. is this a good way important the government to boost strained bottom line? let's ask bob, president of gov.com. great to have you with us today. i believe you have about 5,600 different governments, even a few post offices working with you to get rid of their stuff. how much cash does this really raise for them? good

melissa, back to you. >> thank you, jackie deangelis. let's check back in with gary.> let me run through some things, apple, microsoft, talked about in terms of value. let's not forget when we go back to 1989, apple trading 50 times, market capitalization $600 billion close to 45 times earnings. a different place and time. best buy, a lot of news, a lot of reporters, you never buy a stock based on potential takeover, that's a losers game. do you guys remember how the equity markets traded in the summer of 2008, june 1st, summer of 2008, june 1st. there's a feeling out there if you walk around the floor, i asked a bunch of guys on friday, people think the s&p was down 15% in the summer of 2008. in fact, it wasn't. it was only down from june 1st to august 20th, down 6%. let's take a look at this summer, june 1st to today, up 7%. what's my point here? simon, what's my point? >> you like to save for a punch line at the end. >> a lot of people believe, and i'm not saying i'm one of thelma lot of people believe european pushing things away for the month of august was simply

let's get nat gas inventories with jackie deangelis. >> that's exactly right.al gas weekly inventories report moments ago. the number coming in at 66 billion cubic feet. that is above expectations. traders were looking for a range of anywhere from 58 to 64. compare that 66 number with 47, an injection of 47 billion cubic feet last week. traders are watching this report very closely because we saw some expiration day positioning squaring yesterday ahead of this. now the nymex october gas contract is beginning its tenure. right now we're looking at prices of natural gas. they are slightly lower. keep in mind we saw a big slide this month. 70 cents. we're looking at the market now, putting the brakes on here a little bit on further declines. also keep in mind that we're seeing a little bit of light volume in the contract. traders are shrugging off the above average normal temperatures across the major gas consuming region. they're expecting these temperatures to come down a little bit as we go into the rest of september. but, again, we're looking at this number ha

. >>> a market flash with jackie deangelis. >> we're watching shares of groupon, they're down about 6% $5. they briefly dropped below $5. of course this stock reporting earnings earlier this week. the earnings were fine, it was the revenue miss that was problematic. david faber, back over to you. >> thanks very much, jackie. walmart perhaps missed on the top line this morning, a bit lower than might have been anticipated. >>> we're going to sort through those results to get a read on what walmart's numbers were saying. that's next. >>> 9 retailer missing expectations, but increasing the full-year guidance. is walmart still one of the best defensive plays in this market? good morning, chris. they put up a 22.3% comp in the u.s., it was lower than the bar of three. the bar is a bit higher, but the important point here is july was the best month of the quarter, it talked about that in the release. june's we know its retail has saw the swoon across the board, this is the first back-to-school season where they have a new apparel merchant, so we think we're running at the high end of q3 guid

jackie deangelis takes a look at a few of the hot spots. >> good morning to you guys.ntime, there's always some risks investing abroad. but if geopolitical movements around the world, iran refusing to cease its nuclear weapons program. timing of a possible israeli strike on iran is key. many believe that netanyahu could do that before the next election, leaving president obama no choice but to back the attack. it could send oil prices hire. fighting in the region could disrupt iran and oil has already threatened to flow through the strait of hormuz. and fighting could also impact israeli's stock market. it's known for cutting growth and technologies. the tel aviv stock exchange is up 3%. but we saw a drop in the story dominating the headlines. you can see that on the chart there. right at the beginning of summer, we saw a little bit of a drop. also take a look at the israeli shekel. israel's currency could see some pressure. aside from the concern of additional political destabilization in the region, syria shares its border to turkey and that is a market that's for fo

yak i can deangelis is live tracking the action. hi, jackie. >> hi there, simon.d settling just above the $1,640 mark. that was the high end of the range we were looking at earlier this week. a trader telling me $1,640 is $1,620 and expect prices as high as $1,625 and depends on the catalysts. news of europe and the fed, as well. seeing a little bit of strength in the euro and meantime watching platinum prices at the highest level or hit the highest level since early may on the south african unrest. a trader saying 2012 surplus could be hit in half and market balance could be the deficit continuing to see unrest in south africa and copper prices today pulling back after hitting a one-month high. we had positive usda that and also that bhp decision to hold off on projects providing support to copper prices. the big move is platinum. back over to you. >> down here we're off the earlier lows and trading to the downside as you can see on the screen. mary thompson with the very latest. >> the waiting game continues. fed minutes out in about 35 moneys or so, simon, so i