jeffries does. so does discover. also quarters ending in august. that is just a short list of companies that have their now -- >> overlay that with ones that do a lot of business in china and -- >> oracle is very big internationally. i would definitely keep an eye on oracle. but obviously this is a little bit of a concern. in fact, the transports have underperformed the industrials in the month of august. we note thad they were down a little more than 1% with some of the big international freight companies under performing as well. once in a while the stock market actually does get it right. they did telegraph some weakness here and maybe of course hinted at this announcement from fedex today. >> thanks a lot, bob. send it over to you, mr. cramer. >> great discussion on what is actually making positive in this market. shift the bonds ahead to tomorrow's big ecb meeting. rick, how you doing? cme group in chicago. >> thanks, jim. you know, tomorrow morning of

jeffries downgraded. we losing 16% on a c eo departure? >> yeah. a co-founder. unclear what's going on here. the cfo -- >> fired. decided to le tire. >> wait a minute. the cfo fired a few monthing ago in may. short sellers looking at this. there's messy issues. i have a note of somebody when's laying out the fundamental thesis and the numbers, are they sustainable? literally a whole list of issues if you wanted know go through them but i won't. >> maybe you can post it on the web. a name i never heard of before and i why like "street talk" is oyo. geospace a seismic equipment testing maker and they signed a huge deal with the norwegian company to do some seismic research in a norwegian oil field. >> i want to point out one thing on this. hey, has a -- >> knocking my "stock talk" pick. >> it does trade by appointment and which means it is not the most liquid stock out there. >> not liquid. good point. $120 price target. >> and liquidity, it will get there sooner rather than later. >> everybody in the segment. let's bring up demand media. very hotly debated compan

. >> i think jeffries is going to recovery like the economy is. it is an envisionment banking term. >> johnathon? >> being contrary means taking risk and take in a smart way. i ownm&m. they are distressed part of the world and industry and they have a 10 percent yield and will go higher from here. >> john? >> i am going to africa to climb mount kilimanjaro . to raise

ambassador to iraq james jeffries. >>> plus think paying four bucks a gallon for gas is pad? how about nine bucks a gallon? a group of gas stations across the northeast is jacking up its prices in protest. i will talk to the gas station manager hoping to lead the charge to find out why. >>> tech nerds rejoyce. the curtain rises on the new iphone. expectations could not hit higher but does it hit the mark? we'll talk with adam lashinsky. even when they say it's not it is always about money. melissa: and first let's take a look at today's market headlines. stocks to the plus side for a second day but wall street remains cautious. the fed ends its two-day fomc tomorrow. announcement whether more stimulus will be used to jolt the economy is expected. the dow closed up nine points. the euro climbing to a knife-month high versus the dollar. germany's high court refused to block the creation after eu fund. >>> facebook shares soar more than 7% following ceo mark zuckerberg's customers comments since the ipo. zuckerberg admitting mistakes have been made in the recent months. he made

i want to close with jeffries.his has something to do with a story we followed a little over a month ago. jeffries came out and reported earnings better than expected thanks in part to the stake it in knight capital. it is up over 20% since then. jmp's analyst said if you take out the addition of knight, the company's earnings and revenue rose slightly shy of what his estimates were. given that we saw the strong run-up in the stock and given that maybe the earnings weren't quite as good and some people on the street expected, the stock is moving down today. >> very generous pricing on truvia. >>> huge conversation continues about gold. though sharon, relatively flat into the close. >> relatively flat at the close. viewers may think, didn't she say that yesterday? well, yes, i did say it yesterday. in fact i've said it the last six days because gold prices have closed right around $1,770 an ounce for the past six straight sessions. a lot of that has to do with traders seeing consolidation here after the big run-up w

of stuff in here that we thought would be valuable one day, like, uh, let's see, we got a gregg jeffriesrd. future all-star, future all-star. - it wasn't valuable then. - uh, we got a korn cd. uh, we got a copy of cider house rules on laser disc. don't know why we thought that would be valuable. that's a collector's item. that's gonna be very-- be very careful with that. oh, my god, you guys, this is a letter to my future self. what?! yeah. "dear future dee, how's hollywood? "congrats on all of your success. stay grounded. "enclosed is a check for one million dollars. "be sure to give it to dr. larry myers as a thank you for all of his inspiration." is this stupid? this is just stupid. who's dr. larry myers? nobody. doesn't matter. just my high school drama teacher. this is just-- it's dumb. like, why would we put such stupid stuff in here, and also we bur-buried it, and then we opened it ten years later? what, are you supposed to just, oh, bury it, open right up, and not give yourself any time to fulfill any kind of dreams or-- the whole thing's dumb. like, cider house rules? okay. horm

jeffries. >> if you want to find a silver lining in hewlett-packard, i guess the fact that it's not downhe news, right? >> right. >> they cut their target to 17. so they see exactly zero upside. maybe 15 cents of down side. but here's the thing, right? they're bashing hp, saying they're going to have after the smartphone and tablet markets, which jeffries thinks is a risky move. jim chanos calling this the ultimate value trapper. whatever. the point is hp has not been whacked on this news. i tell you, i just want to throw something new into street talk, by the way. hp is sort of a mini ibm in some ways. of course they've got more hardware. look at the value of asset light. the green is ibm. the white is hp. that's a five-year chart. >> can't get a more stark difference than that. >> that's about right where ibm sold lenovo. >> right. >> asset light, folks. look what ibm did. >> over five years. yahoo staying with the tech theme is also moving higher today. goldman sachs says it is a buy. >> yeah. and goldman saying the appointment of marisa meyer and the value of yahoo japan are big for

chinese people boycott jeffries goods over the disputed island called flip flops and it's well you know it's a couple. the sun rises over what seems like analyst forest but here in new directions cry for hundred kilometers north of light of all stalk as in much of the world it's disappearing at a county structure a great. markers both illegal and those finding ways to outsmart the system for filing down the forests of the region for them profit goes well beyond the future of our planet and the result could be an ecological crisis the world wildlife fund for nature makes regular trips to help local rangers do what little they can to stop the logging but it's not easy logger set up traps making them hard to reach in an already rough terrain and have mastered ways to jump through legal loopholes this is a nature reserve were only sanitary logging of disease trees is a lie out according to law and not a single berry can be picked but loggers like this use their sanitary logging permit to cut down absolutely healthy trees and sell the profitable timber over the border in china we are on the

melissa: jeffries chief economist just got back from a trip to the middle east. the biggest economic concerns in that area? he will be here to tell us what companies there are thinking after the break. lori: also rich had sent on the bus with vice presidential candidate. let's take a look at some of the more, winners and losers. you have google and dollar tree stores. we'll be right back. ♪ gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. ♪ melissa: jeffries economist just got back from the middle east. it is not the violence in the region that is keeping the leaders awake at night. it is

james jeffries. former ambassador to middle east and iraq. from the washington institute of nearest east policy. thanks for joining us, sir. the big question at this point, do you think and if, yes will israel attack iran, why? >> well, there's a very significant likelihood that israel will take military action in the months ahead because it believes that, absent such action, bahrain will move to a point where israeli military attacks will no longer be effective in stopping iran from developing a nuclear option or a nuclear capability and therefore as israel feels its existential right to survival is at stake they will very seriously consider taking action. adam: i have read reports that israelis want to keep iran from weaponizing enriffed uranium. now there a u.n. report that iran doubled the number of uranium enrichment machines in a underground bunker. does this force israel's hand and if so, how do we respond? >> the iranian actions just reported this week by the international atomic energy agency, are very, very troubling. nonetheless th

they may have caught a break tonight when jeffries recommended the stock. the z-man filing hit the tape. so when you couple sudden change of fortune with a group of sellers who must get out because of their need to limit losses, you've got a first class debacle. suffice it to say, there's a price to be paid for this stock. it just not might be anywhere near where it is right now. let's go to rich in my home state of new jersey. rich. >> caller: hey, jim. big south jersey boo-yah to you. jim, several weeks back, there was, i guess, a lot of people asking if they should buy nokia. you were feeling it wasn't a good time at that time. but now, it seems to be nokia is corroborating with verizon, microsoft, selling off some of their assets to regain some funds. i want to know what you think about it now. >> okay. look, no kia isn one of those stocks that i can't keep people out of. is this sprint at 2.80? at 2.80, sprint looked real bad and turned out to be a buy. it's too late to sell. if you want to speculate on something, i like the fundamentals better at ever

the region was addressed at a hearing and one of our witnesses at that hearing was ambassador jim jeffries. as a predicate for my question, i wanted to give you a quote from something the ambassador said. i asked about the iranian inflows in iraq and he said the following," the strategy in iraq including strategic dominance of the country has been successful despite a massive cut in resources. that is a policy we should continue bearing always in mind that this success is fragile, should not be placed at risk for water policy is. if iranian pressure increases, we have tools to counter." that is what ambassador jeffrey said not too long ago. it is clear that iran has brought to bear great pressure on iraq as it relates to that air space. what tools do we have to deal with that problem? i know you spoke about this in response to questions this morning but to put an even finer point on it, if you can do that -- >> i will answer what i can this setting. i'm sure there can be classified meeting if necessary. our major tool is to work with the iraqis. the starting point that they have their own

jeffries initiating coverage with a buy. stock still down year to date. game sales pretty awful. before we get to herb, quickly, an upgrade for stanley. black and decker. morgan stanley upping it with the price target of 76, a little under 5 bucks in upside left in the name. they like the stanley free cash flow story and say it's leveraged to any recovery in the u.s. construction business and notes that it discounts or trades at a discounts to its piers. now herb. navistar. a favorite. a name you have warned the viewers on time after time up. >> back all the way to where it was two weeks ago. >> that's right. not picking on you. >> it is interesting. the company reported the results. they're taking a whole company, reassessing everything. going to take a look at all noncore assets. laying some people off. doing what they have to do to preserve and raise cash but i have to tell you something interesting. the street gives the new ceo all the time to try to figure it out and take from 1 to 18 months and said on the call that intrigued me. people trying to fi

the region was addressed at a hearing and one of our witnesses at that hearing was ambassador jim jeffries. as a predicate for my question, i wanted to give you a quote from something the ambassador said. i asked about the iranian inflows in iraq and he said the following," the strategy in iraq including strategic dominance of the country has been successful despite a massive cut in resources. that is a policy we should continue bearing always in mind that this success is fragile, should not be placed at risk for water policy is. if iranian pressure increases, we have tools to counter." that is what ambassador jeffrey said not too long ago. it is clear that iran has brought to bear great pressure on iraq as it relates to that air space. what tools do we have to deal with that problem? i know you spoke about this in response to questions this morning but to put an even finer point on it, if you can do that -- >> i will answer what i can this setting. classifiedere can be meeting if necessary. our major tool is to work with the iraqis. the starting point that they have their own self-interes

we'll have james jeffries next. >>> the country's most powerful wind energy group ex-peltz one of the nation's biggest energy producers. its ceo joins us to explain why. we have more more "money" coming up. melissa: tour moyle in the middle east hitting a fever pitch with anti-u.s. protests spreading. al qaeda revealing plans today to kill u.s. diplomats and foreign workers. can the terror group bring a freeze to u.s. business and political activity across the region? for insight i'm joined by james jeffrey, former u.s. ambassador to iraq and turkey. thanks for joining us. let me ask you right out of the gate. how serious do you think this threat is? >> first of all it is good to be back. this like all threats have to be taken seriously. al qaeda repeatedly threatened diplomats and american business community throughout the middle east. before and after 9/11, al qaeda was far more successful attacking such interests be it our embassies in eastern africa, be it business establishments in saudi arabia than they have been in the last few years. so we'll watch this closely but i don't thi

we'll have james jeffries next. >>> the country's most powerful wind energy group ex-peltz one of the nation's biggest energy producers. its ceo joins us to explain why. we have more more "money" coming up. [ male announcer ] wouldn't it be nice if there was an easier, less expensive option than a traditional lawyer? at legalzoom you get personalized services for your family and your business that's 100% guaranteed. so go to legalzoom.com today for personalized, affordable legal protection. these are sandra's "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. melissa: tour moyle in the middl

downgrade because there are concerns about all kinds of material, aluminum and steel for that matter and jeffriesout and cut aluminum maker alcoa and the deals-- >> it occurs to me it's a bit like fedex, an economic indicator he. it's the aluminum big producer. if they're going to produce less, that means the economy is not as great as we thought it was, it's like fedex shipping less. it's an economic indicator to some degree, isn't it? >> i wish i could make a really big sign that says the economy is not as good as it was or something to that effect. yes, that's absolutely correct. >> nicole, thank you very much indeed. the dow is down 26 as we expect. right now, the way to take a look at the price of oil. crude fell roughly $4 a barrel, very, very suddenly yesterday afternoon. nobody's been able to explain why that happened. unexplained moves like this really get to investors and with everybody waiting on news that the strategic petroleum reserve may or may not be tapped, there's suspicion that some traders will learn the news well before others. so, did somebody leak something or speculate som

. >> the other part of this jeffries call is they strongly prefer to go with the stock that's tradingr, but that stock is trading lower as well. that stock down 0.7%. >> it's very low. they expect china to do something. they did something. they got whopped over the head by obama and, you know, we seem to forget there was a major trade war started over there over the weekend. >> hey, not stock-specific but everyone is talking about mitt romney's comments on "mother jones." do you think some of the negative tone today is the idea that the campaign is troubled? that his chances are smaller than they were yesterday? >> i'm getting horrible heat because i mentioned that a lot of people were against befornan. and now i'm really going to get heat that, yes, it had a feeling of csx or southern norfolk train having trouble staying on the tracks there. notice i didn't say union pacific. >> are you basically -- are you hinting that a romney win is market positive? >> did you say something about a romney win? >> does not compute? is that what you're thinking? >> no. i'm just thinking it's going t

let me tell you what's going on this morning, i could tell you, citigroup, rbc capital, jeffries, steeplenicholas are coming out in droves, basically talking positively so putting them on the saying that the selling was overdone and the pullback was a buying opportunity and upgraded to outperform and the weakness was overdone and so the guidelines, that selloff on friday, they like it. charles: well, we've seen sort after change of mind pretty much a lot recently with wall street. nicole, thanks a lot. now, democrats argue that president obama needs another term to fix the economy. here is bill clinton from last week. listen to this. >> no president, no president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years. . charles: not even me. art laffer former reagan economic advisor and art, i guess when he says no president, you must have really sat up pretty straight there. >> it was pretty weird what he said. you know, many of the parsing words, fully repairing all, every single thing that was wrong, but basically, it's not

. >> and joining us, senior european economy at jeffries international. thanks very much for joining us. is the pressure off spain having to agree to a deal now? >> pressure seems to be off. markets have reacted very positively so for the time being it seems like we're in limbo where the ecb is waiting for spain to step up and ask for a bailout, but we're not really -- we're for the quite sure what the timing of that response will be from spain. so basically just waiting for spain to respond. >> it would seem it's going to be markets that push spain into a response here. it will be yields back above 6% or something like that. what might be the catalyst for that kind of move, that kind of risk off mood to play out in markets? >> one important catalyst could be the downgrade from moody's. we're basically waiting for some sort of comment either in late september or early october. and if they were to cut spain below investment grade, at that point you could see real money investors begin to sell spanish paper. so even though there's support at the short end o

. >> and says, is it oppenheimer or jeffries? >> januaryinthis is unbelievabl.ought mcdonald's was having a resurgence. they say the last two or three weeks, the first two weeks of september, three weeks. the worst for the burger sector all year. this one could give up the gain again. i mean, it had been stabilizing. you met management. i still think, i believe this this stock. but this was devastating. >> you were buying at 85 originally? >> left the stock. had a nice gain. travel trust. why did i leave it? there is no sign of a real turn. just seems they had gotten cheap on evaluation basis. this is what i most dreaded the idea september is going to be tough. >> we'll find out. >> i don't know. mcdonald's is hard to game. may not be the best burgers. that dollar coffee is sweet. a sweet deal. >> we'll get the opening bell in a couple moments. can the dream liner wake up united continental's business? we'll talk to the ceo. then the r.i.m.-pyre striking back. joined by the head of the ever optimistic blackberry maker's fan club. if apple maps has lost something

we have jeffry, author of "the oath" a senior legalage cyst and staff writer at the new yorker magazine. barbara, director of the lawyers for civil rights. "america's unwritten constitution" he's professor of law at the yale law school. president for the alliance of justice system. it is wonderful to have you here. this week, we have two blockbuster political events on the calendar. the first presidential debate and the return of the supreme court to washington. they will hear arguments since the first time on the affordable care act. a start and fresh reminder of the power of the court. the court returns with a docket packed with high profile cases and others likely to be heard. it's strangely almost entirely absent from the presidential campaign. it becomes alarming when you look at the age of the justices. 76, 76, 74, and the oldest is 79 years old. let's not forget she's the fifth vote to uphold a decision in roe v. wade. >> i hope to appoint justices to the supreme court that will follow the law and the constitution. it will be my impression they will reverse row v. wade. >> it's v

jeffries and a few others stifel nicolaus saying you should be buying on a dip and you have bp also on move to the upside here, up about 1/2%. broader market checks, nasdaq composite has actually pared some of the losses. it is now down about 1/3 of 1% after being down about 1/2%. back to you. connell: nicole petallides back at the top of the the hour. dagen: thank you nicole. and he's here, ready to talk racing, five time nascar champion jimmie johnson joins me next. are we there yet? are we there yet? are we there yet? [ male announcer ] it's the age-old question of travel. the same one we ask ourselves every day. is it the strongest, the most efficient? have we created the kind of vehicle to move not just people... but an industry forward? are we there yet? are we really? [ male announcer ] are we there yet? we are, for now. introducing the all-new seven passenger gl. mercedes-benz. the best or nothing. connell: we're going to talk a little sports here for the next few minutes on markets now. dagen has her jimmie johnson interview after i give you some big sports headlines from a ve

melissa: coming up tonight on "money", james jeffries, former ambassador to iraq and turkey.ll talk the new terror strategy targeting diplomats and foreign workers and how it will affect investment in the middle east as businesses pull employees out and put businesses on hold. this is one of the big impacts from everything we're seeing beside obviously the human toll. they have a lot of corporations say they will bring their people home because it is just too dangerous. what impact it will have on the global economy. interesting take. lori: sorry to talk over you. driving economies. who wants to invest now with pictures of instability day after day. melissa: absolutely. lori: coming up after the break the markets have had a good run so far. but ashley webster and tracy byrnes says you should be cautious if you're going to buy in this market. he will have two stocks to tell you to buy. he will tell you why. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets y

here with me is rob, paul ryan's challenger and hakim jeffries and cynthia dill and nate, democratic from new york's 23rd congressional district and joining us from phoenix is kirsten, a democratic candidate for the new ninth congressional district. nice to have you all here. >> nice to be here. >> i want to talk about the role that incumbency plays and this is especially true for two of you. rob, you're running against an incumbent whose name is familiar and rob you're running against tom reid. former mayor of corning, right? a republican. and he's the district has been redrawn and he's not exactly in the same district. for both of you running against incumbents, the dynamic of this election so far has been about the economy, the republicans making the case, the economy is bad, it's barack obama's fault. vote barack obama out. but, of course, we have divided government and congress has been, you know, playing quite a role in the economy, look at the debt ceiling a year ago. how does that play in your district? are you making a case about the economy and tying it to the incumbent. >>

did jeffry mcdonald slaughter his family? drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping shaking remote wouldn't it be great to have one less battery to worry about? car honking irping the 2012 sonata hybrid. the only hybrid with a lifetime hybrid battery warranty. from hyundai. sleep train's inveis ending soon. sale save 10%, 20%, even 35% on a huge selection of simmons and sealy clearance mattresses. get 2 years interest-free financing on tempur-pedic. even get free delivery! sleep train stacks the savings high to keep the prices low. but hurry, the inventory clearance sale is ending soon. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> jeffrey macdonald has been in prison more than three decades and now a federal judge will decide if he deserves another trial. his court hearing officially ended tuesday. a quick recap of the case for you. macdonald an army doctor accused of killing his wife and two daugh

did jeffry mcdonald slaughter his family? drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping shaking remote wouldn't it be great to have one less battery to worry about? car honking irping the 2012 sonata hybrid. the only hybrid with a lifetime hybrid battery warranty. from hyundai. >>> jeffrey macdonald has been in prison more than three decades and now a federal judge will decide if he deserves another trial. his court hearing officially ended tuesday. a quick recap of the case for you. macdonald an army doctor accused of killing his wife and two daughters in 1970 at fort bragg. he claimed a group of drugged out hippies attacked him and his family. the jury didn't buy it and kwected him in 1979. through the years a drug addict confessed she was in the house during the murders which she actually denied on the stand during macdonald's trial. >> in 1979 i was afraid i was going to go to prison. jeffrey macdonald is an incident man a. confused and pathetic figure from the very begin

. >> peter misek of jeffries.t about $5 away right now from $700 a share. >> let's get back to hq. seema has another market flash. >> we've got a nice literally on our hands but one stock is bucking the trend. eastman-kodak saying it will adjourn a hearing on its sale of patents until further notice. kodak says it is exploring other alternatives for digital patenting assets. chart down 14% on the day. five-year chart, down 99%. back to you. >> eastman-kodak is bankrupt. >> the play as it always is for bankrupt companies. >>> espn continues to bring in the cash. what's next for the entertainment icon? we've all had those moments. when you lost the thing you can't believe you lost. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. a crash management system and the world's only tridion safety cell

. >>> legg mason downgraded to hold from buy, target is $30, from jeffries.much but they're downgrading it. wells far yo downgraded to hold from buy by stifel nicklaus. >> and epl is going to buy hillcorps for $550 million. parting shots from our guest host this hour, barry knapp. you don't have a nobel prize? the inflation and nobel economic prizes, i don't know what those are worth by now but not much. except for michael spence we're peace prize. you wanted to take him somewhere? >> he went to this dinner in the romney room last friday. >> right. >> john mack, ken langone, a number of friends of "squawk" were there. >> mack was at my table. >> i have some colleagues i won't mention where but they are not sure we need to have an election anymore, nancy pelosi says everybody knows in are in are is not going to be president. anyone told them? >> i get these questions -- >> should we still have the election? we could save some money. >> i ask them okay what else' the history of approval ratings, what is the approval rating correlate to, consumer confidence expe

brian shactman at the markets desk looking at shares of jeffries.ng down about 6% on heavy volume. look at their actual eps and revenue numbers. it was okay. take out the gains from the night capital investment and it was weak. that's why it's trading off here. also compensation 60% of net revenue in the quarter. that's pretty high. back to you, hemelissa. >>> tweet time. bank of america and jpmorgan experiencing unexplained outages on their websites last night sounding the alarms about the rise of cyber attacks. this comes as a number of former traders prepare to testify on capitol hill about high frequency trading. that brings us to this morning's squawk on the tweet. what scares you the most about the rise of machines. tweet us. we've got your responses next. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one

jeffries saying the household surveillance looks good with a drop to 8.1% but the drop in the participationto a 30-year low and the 119,000 drop in household employment are quite discouraging. over at bmo, they said, uggh! after getting our hopes up after the solid adp release, today's jobs report suggests the recovery in labor markets remains painfully slow. there weren't a lot of negatives in terms of categories. but minus 15 on manufacturing giving back some of the 23,000 we gained last month. finance and retail up. but the thing you see, it's not up a whole lot. temporary help, sometimes a leading indicator of where things are going, down almost 5,000. government down again 7,000. the government was a big part of the revisions for the prior months. they revised them down something like 20,000. the report has many economists thinking this almost guarantees additional fed help next week. august employment report, q.e. 3, here we come, says btig. you see the disappointment here. notice what happened in december, january and february. had that rebound from the swoon that happened in the sum

jeffries targets raised, citigroup says selloff overdone. i agree with these.n't anything that bad. i think the ceo is setting up expectations low. people don't necessarily like to play the upod game, underpromised and overdelivered. but these break-ups and spin-offs have been terrific for stocks. >> they have been helpful. you've seen a lot of investors, particularly activists focus on some of these names. kraft in part may have been thinking about it previous to mr. peltz getting involved. that was one there. i wonder how many more we may see as this year gets -- >> i think many. remember, this is the heir to altria. it's almost doubled. it is just a remarkable achievement. it's financial engineering to some degree. but that company turned out to be worth a heck of a lot more. i like the split here mostly because people like a fast grower overseas and a domestic cash cow gets some yield. >> we'll keep a close eye on shares of kraft and aig. the opening bell is just a few minutes away. [ male announcer ] what if you had thermal night-vision goggles, like in a

jeffries is one of those rivals in the space you occupy, how does it feel with those rivals?ink it goes back and forth. people are looking to monetize themselves in a different way than they have in the past. we're excited about the talent pool that's out there, we think we'll get our fair share. >> are you thinking more from the smaller firm to the larger firms right now? >> i think it's a combination of both right now. we're excited about big firms and there are a lot of really good people looking to move up, as well. >> talk about the importance of the emerging markets space because you said it's one you want to grow. where is it right now as far as the percentage of revenue? and where would you like to see it in five years? >> well, it's getting to be a bigger percentage of our revenue. a much bigger percentage as we go forward. so every second-tier bank had capital markets divisions. they're scaling back aggressively, are going to close those divisions means there's market share to be had. we're clearly going to grab that market share. >> i want to talk a little bit abou

over at the nasdaq, new york state assemblyman hakim jeffries. we are keeping our eye on one name this morning, and that is apple, melissa. >> yeah, no surprise, a fresh intraday record on apple, $699.50. we're trading at $698 and change. the watch is on as to whether or not it will cross $700 a share in today's session. this after reports that at&t has sold a record number of iphone 5s. the most iphones it's ever sold over a weekend. in terms of shares of at&t, we are watching those shares trade slightly lower, down by just about .22%. >>> one story involves apple and r.i.m. when you look at this headline out of yahoo! this the company is issuing no more blackberrys to new employees. they'll get apple samsungs and other types of smartphones. there's a look at r.i.m. one company and you're down 2%. >> that memo from marissa meyer, it was interesting. it said we will give you any phone under the sun except for a blackberry, and we're discontinuing i.t. service for the blackberry, but you can have a nokia, htc, samsung. >> basically one of the top

. >> we'll also talk to david about this jeffries sell on hp. >>> we're all over the tech landscape. we'll meet the godfather of the samsung galaxy, the ceo of a company launching a new app. parents and teenagers should take notice. >>> also ahead, the ugs analyst cutting his outlook for iphone shipments. i know one of our producers went in the other day to get a 5. the first she can get it is october 19th, i believe. >> really? >> what is at stake for apple? >>> one more look at futures getting a little more back after five straight days down for the s&p. "squawk on the street" live from post 9 is back when we return. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ [ male announcer ] int