so what do i care for. >> jeffries continues to tour like mad.ures the comedy store punch-out won't be his last time getting up close and personal with the audience. >> i've probably done anywhere between 2,000 and 3,000 shows in my career, and it's only happened once so statistically not too bad. there's been other comics it's happened to. i'm the only one that's caught it on film. >> the next time you want to check out that comedy show, baseball game or surfing competition, the best and the safest seat in the house might just be right in front of your own tv. i'm contessa brewer. that's all for this edition of "caught on camera." >>> a dangerous chase. >> i hit him and he came back and started firing at me. >> a daring maneuver. >> i saw the world coming at my face. >> a crash not to be believed. >> he was bent in half. >> a dog leads a trooper to a burning building and the dog whisperer tells us why. >> he was charged with the message. go find help. >> this dog takes a bite out of the cop's bumper. >> as you see, he's playing. he's not being a

jeffries came out this morning and said it is overweight, buy the stock.e: i am looking at a company based out of japan. it came out with the first-quarter operating loss. expected to be under a bit of pressure today. >> we'll take a taxi from time to time. content toing about -- kontetsu group. the latest results of 22%. all hailt's see if we zeb when the markets open. back in an hour. a lot more comin mark: i'm mark halperin. john: and, i'm john heilemann. "with all due respect" to that "vanity fair" story about tinder that has everyone all fired up -- ♪ john: not that i have any idea what tinder is. mark: it's a web thing or app. john: internets, i don't know. happy national julian fries day. lineup tonight a doctor, a , lawyer and a monster. first, the server. after months of saying she will never do this, hillary clinton is handing over to the fbi her infamous private e-mail server as well as at least one thumb drive with copies of her e-mails. an inspector general for the intelligence agency t

abercrombie & fitch without a permanent ceo following the departure of mike jeffries in december.er, an unexpected gain and profit. $.12 per share. here to comp sales are better than estimated that they still fell by 4%. bloomberg intelligence has a look at the price to earnings ratio for abercrombie. take a look at my bloomberg terminal. these guys are still pretty expensive. abercrombie is trading at a p abouturban outfitters at 17. even though we have seen these guys struggle, they are still trading at a premium to the s&p 500. a couple of other retailers. chico's beating as well. total sales of about .5%. place is upgraded to a positive. the analyst saying margins have been holding up well there. 1.4%.a gain of you would think that some discretionary stocks -- i don't know. a look at some of the top stories at this hour. james holmes will finally be formally sentenced to life in prison for that mass murder at a movie theater. he was convicted of murdering 12 people in trying to kill 70 others in 2012. jurors could not agree on giving him the death penalty. job cuts are on the

jeffry is blogging and hopes to inspire new yorkers to use city bikes. they're not endoorsing the trip. racked up $1,200 in late fees. basically, bought the bike. congratulations. you now have a city bike. >> my brother, a friends of his did that, six, seven years ago, from maryland to san diego. >> all the way across? >> took 40-some days. >> pulling a forrest gump. not a bad idea. >>> going on in sports? >> jets and giants. snoopy bowl. call it the graveyard of champions for a reason. many a triple crown winner has 235u8 fallen short. american pharoah looks to buck that. >>> by the third week of the nfl preseason our itch for football is enough to get us worked up over what's known as dress rehearsal week. for the jets and giants, rivalry week. at stake, the snoopy bowl. most coveted hardware in the nfl preseason. first quarter. fitzpatrick looks sharp. it's something. finding decker sneaking behind for the touchdown. jets want that snoopy trophy. fitzpatrick fitzpatrick, two touchdowns, qb rating 133. says plenty for the starter. 85 yard drive with ra

bush and george bush met with wounded warriors and got to experience a special moment as jeffries gote to his girlfriend. congrats to them. >>> todd courser is apparently the course of his own smear campaign. jimmy fallon tried to explain the situation last night. >> a michigan state representative name todd courser is claiming he intentionally leaked a fake news story act himself hiring a male prostitute to expose people blackmailing him over a real affair he was having with a woman. then his wife was like got it, so we're still getting like super divorced. that was your idea? good plan. >> that is your morning dish of "scrambled politics." >>> 21 minutes past the hour, i'm joined by jonathan allen, chief political correspondent for vox. what was he thinking? can't help but talk about that. did he really think that was a good idea? >> i mean, i guess. who knows what actually happened. this guy ought to run for congress. >> stop the insanity now. >> he'd fit in. >> could you imagine? >>> let's move over to jeb bush. he's trying to win votes on his foreign policy stance. blaming hillar

want to acknowledge a great supporter to the efforts to recover and rebuild, congressman hakeem jeffriesf new york. who has traveled down here with us. to all the elected officials from louisiana and mississippi who are here today, thank you so much for your reception. i am here to talk about a specific recovery. but before i begin to talk just about new orleans, i want to talk about america's recovery. take a moment of presidential privilege to talk about what has been happening in our economy. this morning, we learned our economy grew at a stronger and more robust clip back in the spring than anybody knew at the time. the data always lags. we already knew that over the past five and a half years, our businesses had created 13 million new jobs. [applause] these new numbers that came out,

[cheering] i want to acknowledge a great the efforts to recover and rebuild congressman hakeem jeffries from new york who has traveled down here with us. to all the elected officials from louisiana and mississippi who are here today, thank you so much for your reception. i'm here to talk about a specific recovery. i begin to talk just about new orleans, i want to talk about america's recovery. take a little moment of presidential privilege to talk about what's been happening in our economy. this morning, we learned that our economy grew at a stronger and more robust clip back in the spring than anybody knew at the time. the data always lags. we already knew that over the past five and a half years, our businesses have created 13 million new jobs. [applause] oute new numbers that came showing the economy was growing at a 3.7% clip means that the united states of america remains an anchor of global strength and stability in the world. faster,have recovered thansteadily, stronger just about any economy after the worst financial crisis since the great depression. and it's important for us t

tyler jeffries got down on one knee in front of george h.w. bush and george w. bush.hey were at the bush family home in maine, as part of the wounded warrior project. bush 41, he later tweeted, congratulations tyler jefferys and lauren lilly on their engagement and wishing them a lifetime of joy together. by the way, she did say yes. >> that always helps. >> sweet moment there. >>> coming up, soaring higher than ever, why airline complaints are on the rise. >>> under arrest, a beauty queen accused of faking a cancer diagnosis. >>> plus, sucker punch, the jets' quarterback sidelined, his own teammate breaking his jaw, what the team's coach is saying this morning. ing his jaw, what the team's coach is saying this morning. >>> daredevil nik wallenda making his longest high-wire walk ever. this happening at the wisconsin state fair. he walked a wire that was 1600 feet long and 118 feet up in the air. the wire was suspended between two cranes. >>> a surprising new study finds about half of all americans face the risk of an earthquake, that nearly doubles the previous estim

want to acknowledge a great supporter to the efforts to recover and rebuild, congressman hakeem jeffriesf new york. all the elected officials from louisiana and mississippi who are here today, thank you so much for your reception. about ae to talk specific recovery. but before i begin to talk just about new orleans, i want to talk about america for just a minute. take a moment of presidential privilege to talk about what has been happening in our economy. this morning we learned our economy grew at a stronger and more robust clip back in the spring than anybody knew at the time. the data always lags. we knew that over the past five and a half years, our businesses have created 30 million new jobs. jobs.million new [applause] these new numbers that came out, showing how the economy was growing at a 3.7% clip means that the u.s. remains an anchor of global strength and stability in the world. faster,have recovered more steadily, stronger, then just about any economy -- than just about any economy since the worst financial crisis since the great depression. it's important for us to remember

bush watched monday as retired army specialist tyle jeffries proposed to lauren lilly at the bush summer kennebunkport, maine. the eldest bush tweeted them congratulations of a lifetime of joy together. he lost his leg in afghanistan in 2012. >>> meanwhile, jeb bush will be an opening night guest on "the late show with stephen colbert." in a tweet posted tuesday, colbert said bush will join him on his september 8th debut show. >>> and coming up after your local news on "cbs this morning," republican presidential candidate carly fiorina. i'm alison harmelin, and this is "the cbs morning news." fiorina. i'm alison harmelin, and this is "the cbs morning news." soft, chewable, calcium plus vitamin d. only from citracal. soil is the foundation... for healthy plants. just like gums are the foundation for healthy teeth. new colgate total daily repair toothpaste. it helps remineralize enamel and fight plaque germs for healthier teeth and gums. strengthen the foundation for healthy teeth. new colgate total daily repair. with nike athletic apparel and footwear. 25% off, this week only. plus, every

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welcome tyler jeffries and lauren.. >> no problem. >> thank you for your service. tell us your story. you were story was an unbreakable bomb while in recovery. >> 41 wrote the forward for the book. they invited us all, soldiers and moms from the book, to visit them at their home. >> how did you connect the president to the point the forward got written in the book, so he connected with you? >> oh, i mean, he connected with the author. that wasn't me. >> okay. you wound up in kenny. how did word get out what you were planning to do? >> it wasn't planned. i wasn't planning on doing it there. all of a sudden, i let everybody know what i was doing. i get the look from everyone like where's lauren? get her here now. >> we watch the nation moved by your service and commitment of veterans there this helped you get down on one knee. what does it mean to be there before the presidents of the united states, bush family, in kenny bunk port. when you see the photo now, what does it mean to you in that moment? >> means the world to

tyler jeffries lost both his legs but that didn't stop him from getting down and proposing to the love of his life. if you look closely, that's former president bush and his father along with both former first ladies, jeffries was among the wounded veterans invited to the bush's summer home in maine. so, he said, i can't pass that offer, the elder president later tweeting his congratulations. wishing the couple a lifetime of joy. very sweet moment there. >> he looked pretty good there, the elder bush. >> party in kennebunkport. >>> want to switch gears, quick-this thinking kayakers, stranded in arizona, their boats damaged, they made this s.o.s. sign out of tree branches to help rescuers save them. >> reporter: it was supposed to be a peaceful excursion down this arizona river, just a few hours into their two-day trip, the rapids got rougher and this group of friends hit not one but two logs. their inflatable kayak ruptured. >> we were concerned about being able to get out. >> reporter: leaving them stranded in the wilderness overnight. >> we left a plan with friends if we didn't call

number four, julia jeffries? thee: jeffries is taking on chin as a result. according to people with knowledge, a team of distress that traders lost almost $100 million this year as the drought in oil prices after the value and lowered energy. this is a problem people have talked about. this high yield and that of the more distressed areas of the energy, companies -- matt: right because they had a lot of high-heeled that and commodity countries have high-heeled that. number five, new york stock exchange owner is seeking income outside traditional sources. it is proposing a plan to generate income by licensing patents and boosting market data stream feeds. some say it could cause ire for its biggest customers. obviously, when you raise prices for stuff, people get really unhappy. if you raise them a lot in a short amount of time. julie: it's true. i had not thought about that much not being a market discipline myself, but these guys have monopolies on a lot of the data that they come out with, so -- matt: kind of. if you are looking at the new york stock excha

jeffries isn't commenting.irmed the architect of its online radio strategies has quit. in rogers joint apple last year and led the development of apples beats one, it's radio service. it is a free radio service that serves as a gateway to apples paid streaming music subscriptions that began just two months ago. apple is expected to unveil the latest iphone . it is holding an event in san francisco september 9. that is a look at some of the top stories we are following. matt: we're back with jim rickards. he is the author of "currency wars." get toto ask before we more of the fed and inflation, currency wars. we saw china devalued followed by vietnam and then causing stand. do you expect more countries to devalue? do expect dominoes to follow? incurrency wars came out 2011. what i said, we are not always in a currency war, but when we are, they can less 15 to 20 years. . am not surprised her 28 interest-rate cuts and evaluations earlier they are. currency wars have no logical conclusion except systemic reform or

want to acknowledge a great supporter to the efforts to recover and rebuild, congressman hakeem jeffries of new york. he has traveled down here with us. to all the elected officials from louisiana and mississippi who are here today, thank you so much for your reception. i am here to talk about a specific recovery. but before i begin to talk just about new orleans, i want to talk about america for just a minute. take a moment of presidential privilege to talk about what has been happening in our economy. this morning we learned our economy grew at a stronger and more robust clip back in the spring than anybody knew at the time. the data always lags. we knew that over the past five and a half years, our businesses have created 30 million new jobs. -- 13 million new jobs. [applause] these new numbers that came out, showing how the economy was growing at a 3.7% clip means that the u.s. remains an anchor of global strength and stability in the world. that we have recovered faster, more steadily, stronger, then -- than just about any economy since the worst financial crisis since the great dep

jeffries is not commenting. ashton carter is busy recruiting in silicon valley.wants top technology firms such as apple and google to join traditional defense contractors. his audience is skeptical of the of excesswary surveillance and potential privacy violations. we will be speaking at ashton carter -- with ashton carter at 1:40. those are your top stories. siri, give us a hint. that is the tagline featured on the invitation for apple's event on september 9. showsile, a new report the apple watch is dominating the smart wearables market just one quarter after it was introduced. cory johnson is in san francisco .ow characterize it, how successful is the apple watch? this it has been part of trend of wearables with fantastic growth of more than 200% on a year-over-year basis. interesting that you mention apple going from virtually nowhere to being one of the dominant companies. the dominant company is fitbit, the recently ipo'ed fitbit. dominant a year ago, dominant still. garman still holding up strongly. when you talk about wearable stuff and the apple watch ce

jeffries. >> jeffrey marks. >> he did everything he could as an employer to meet the needs and addresse complaints of the individual up to the point where he was so concerned about his employment he had the police come by and escort him out. he did everything he could do. it was difficult to it predict. now we have a killer who posted what he did on twitter and facebook. 38 years of police work never seen this. >> you mentioned jeffrey marks. he is the station manager in roanoke. he was an amazing pillar of strength through the entire ordeal. he spoke about bryce williams, a short time ago and we'll play it. >> vester was an unhappy man. we employed him as a reporter. and he had talent and had experience. but he had been out of the business when he was hired here. he quickly became, and gathered the reputation of someone who was difficult to work with wouldn't you say joe? and he was sort of looking out for people to say things that he could take offense to. and eventually after many incidents of his anger coming to the floor we dismissed him. he did not take that well. we had to call

afghanistan war veteran, tyler jeffries lost both his legs back in 2012 but that did not stop him fromting down and proposing to the love of his life. i'm going to ask you, do you see anyone familiar there in the background? as he's proposing? if you look closely, that's former president bush and his father along with both former first ladies, jeffries was among the wounded veterans invited to the bush summer home in kennebunkport. he said he was thinking of proposing and the bushes said, hey, do it at our house, we'd love for you to do it here. the bush's summer home in maine. so, he said, i can't pass that offer, the elder president later tweeting his congratulations. wishing the couple a lifetime of joy. very sweet moment there. >> he looked pretty good there, the elder bush. >> yes. >> party in kennebunkport. >> maybe they can have the wedding there? >> uh-oh. >> there you go, amy. >> maybe pushing it. >>> want to switch gears, and tell you about this quick-thinking kayakers, showing off their survival skills. stranded in arizona, their boats damaged, they made this s.o.s. sign out

i want to acknowledge a great supporter to the efforts to recover and rebuild, hakeem jeffries from new york, who has travelled down here with us. to all the elected officials from louisiana and mississippi who are here today thank you so much for your reception. i'm here to talk about a specific recovery. but before i begin to talk just about new orleans, i want to talk about america's recovery. take a little moment of presidential privilege to talk about what's been happening in our economy. this morning we learned that our economy grew at a stronger and morrow bust clip back in the spring than anybody knew at the time. the data always lags. we already knew that over the past five and a half years our businesses have created 13 million new jobs. these new numbers that came out, showing the economy was growing at a 3.7% clip means that the united states of america remains an anchor of global strength and stability in the world. that we have recovered faster, more steadily. stronger, than just about any economy after the worst financial crisis since the great depression. and it's import

>> that was army specialist tyler jeffries who proposed.bush 41 posted a photo of the unforgettable moment on twitter wishing the couple a lifetime of joy together. very special moment. >> very nice. >> very sweet. >> greg, you love sweet. >> yes. after that i would say drop the mike. but i won't. because banned phrase, drop the the mike. you know it's time to drop the mike when hillary -- [ overlapping speakers ] >> i did it when i heard dana this afternoon say it. you said it at 2:00. >> i had a good point, though. it was a well-referenced use of the phrase. >> you are not in nwa. you're not a public enemy. you're on "the five". >> she has a rapper video, remember? >> yes. and we will not forget that. >> what was that m.c. who? >> tiny g.p. >> anyway, that's enough for me. >> tiny j.p. i think it was called. a long time ago. back in the day. >> back in the day. i've been in that, too. >> i'm just going to keep going. >> bottom line. >> at the end of the day -- all right. america, you know, is losing its competitive edge in almost every ca

. >> for more let's bring in jeffries analyst dan dolev. what do you make of the call so far?thank you very much. the three things i picked up from the call, regarding at first the production, yes, there is no indication of a demand issue. they stated they can do 1600 to 1800, produce 1600 to 1800 cars per week. going forward, this is a very positive number. this is a number that's up from 1,000 cars a week only a short while ago. the other big issue is gross margin margin. they said gross margin can creep back up to 25 as you know because of the dollar in the mix to the 70d the gross margin has been down, or down more than people have actually expected and that's supposed to creep back up as they improve their cost structure as well. and remember when the model 3 is going to come out the gross margin is expected to come down anyway. so this is not at all surprising. and then lastly the note that there's no need to raise equity. that's actually a very positive thing they're reiterating that despite the cash burn there's no need to raise equity in the coming quarters. >> and is

plus apple falling hard on a bearish note from jeffries. we'll tell you how much pain they think china will inflict on apple's stock price. and later the cio of a $70 billion asset management firm says china is already priced into the market and now is a great buying opportunity. she'll tell us what she's buying right now. but first to the broader sell-off here. all three major averages seeing more than 1% losses. but there's more than that. oil and bonds trading at financial crisis levels. the dax in correction territory. and all this comes as it's been more than 1,400 days. 1,400 days since our last correction. with today's move lower the dow is halfway there. begging the question are we seeing the start of the next correction right now? guy, what do you say? >> feels that way. the bond market, i think it's trying to tell you something. i think it's been trying to tell you something for a while. now we're significantly below 2 1/4 in the 10-year. commodities. listen, i understand supply is a big component of this. i still think demand has

. >> formally a traitor for jeffries. jesse: correct. he spent two years in prison.any people got a prison sentence in the financial crisis? i cannot think of too many. if the justice department can send more people to prison, it sort of makes the argument crumbles that they are not sending people to prison on wall street. thank you for spending your time with us this morning. still to come, why does tom look like a character in tales from the crypt? it is all part of this morning's best picture's coming up. ♪ erik: coming up, we will talk with the ceo of vox media. jim bankoff. matt: if you moments ago, we got retail sales numbers. sales rose slightly better than estimated. here now with reaction and insight into the strength, the vp of e-commerce finance licensing for a company of lingerie, home betting, thanks for joining us. when julie was breaking the tobers down, she was trying suss out what was going on as far as rick and mortar sales, general sales, it looks like the -- it is aoliday holiday when they have 11:11. singles day. anyway, they're trying to do thei

also apple gets a cut from jeffries. what's the deal with the iphone coming up next month.he hacking era. we will dive deeper into that story, all coming up on "squawk alley." >>> let's give you a check of the major stock market indices. with the most pressure on the dow, obviously, when international concerns with front and center, you see it impacting the multinationals, the dow members. dow down 174. that's a 1% move. the s&p 500 down 3/4 of a percent. and the nasdaq down a little less, down .6 of a percent. the china sudden and stark devaluation of its currency having ripple effects around the globes. hitting commodities. watching the price of oil very carefully at this hour as it flirts with the $43 a barrel level over at the nymex. pressure on oil. pressure on copper and other commodities. currencies are at the center of the universe today. let's give you a quick check of the dollar index. that's the dollar against a number of other currencies. it's heavily weighed against the euro, which is actually strengthening. but it is a strong dollar story from the emerging mar

jeffries. >> thank you, mr. chairman. thank you, madam secretary, for your testimony today as well as for your tremendous leadership. i want to begin by asking a question about sort of providing care to some of the most disenfranchised economically isolated individuals in this particular case, many of the constituents i represent over the last summer years. we've had a crisis throughout brooklyn with the closure of several safety net hospitals and in other instances significant financial distress that many of the safety net hospitals have experience. partly a result is perhaps the overutilization of certain aspects of the hospital, the emergency room for issues that can be taken care of in a primary care context. for instance the fact that traditionally enemy soldier economically disadvantaged communities you've got a mix of individuals who are either on medicaid or totally indigent and uninsured. the access to private insurance traditionally has not been a healthy mix. it's created a situation where safety net hospital a

bush watched monday as retired army specialist tyler jeffries proposed to lauren lilly at the bush summertheir engagement and wishing them a lifetime of joy together. >> and so do we. >> and so do we. >> good luck. >> we do, too. >> that does it for us. be sure to tune into "the cbs evening news with scott pelley." any time, anywhere, watch cbsn. we will se,,,,,,,,,,,,,, ,, >>> good morning. it is 8:55. time for news headlines. seven hours of searching and still no sign of a woman who climbed over the bay bridge rail and fell into the bay. it happened after a 2 a.m. crash on the bridge. crews have been out searching for her ever since. >>> a 12-hour standoff in morgan hill ends with an arrest. an entire neighborhood was locked down during the negotiations. the man is wanted on several felony warrants. >>> and crews making quick work of a fallen tree in san francisco. a large section split off taking dower lines. service was not impacted. >>> good morning, heading out the door, the skies are blow over the city of san francisco. sure, we still have a deck of low clouds and patchy fog next t

i want to acknowledge a great supporter to the efforts to recover and rebuild, congressman hakim jeffries from new york, who has traveled down there with us. to all the elected officials from louisiana and mississippi who are here today, thank you so much for your reception. i'm here to talk about a specific recovery, but before i begin to talk just about new orleans, i want to talk about america's recovery. take a little moment of presidential privilege to talk about what's been happening in our economy. this morning we learned that our economy grew at a stronger and more robust clip back in the spring than anybody knew at the time. the data always lags. we already knew that over the past 5 1/2 years our businesses have created 13 million new jobs. these -- these new numbers came out that the economy was growing at a 3.7% clip, which means the united states of america remains an anchor of global strength and stability in the world, that we have recovered faster, more steadily, stronger than just about any economy after the worst is financial crisis since the great depression. it's import

bush watched monday as retired army specialist tyler jeffries proposed to lauren lilly at the bush summerement and wishing them a lifetime of joy together. >> and so do we. >> and so do we. >> good luck. >> we do, too. >> that does it for us. be sure to tune into "the cbs evening news with scott pelley." any time, anywhere, watch cbsn. we will see you tomorrow, some >>> good morning, i'm he erika von tiehl. pennsylvania attorney general kathleen kane plans to respond to criminal charges, when she hold a news conference in harrisburg at 1:00 o'clock. we will car that i news conference on our web site, cbs philly.com. >>> meanwhile prosecutors say that kane leaked secret grand jury information, to embarras a critic and then lied bit under oath. yesterday, kane's driver patrick reese pleaded not guilty in the an alleged e-mail snooping scheme to help her get tabs on their grand jury investigation. >>> right now check with katie for your forecast and just feels so much more comfortable, katie. >> that is the biggest deal for us, erika. i would say too the the fact that it hasn't been raining

. >>> planet fitness is also on the move today with jeffries beginning coverage of the fitness chain with a buy rating calling it a well managed company that continues to gain market share and expand its profit margins. shares up by 5.5%. >>> if there wasn't already enough going on around the world, do not forget about puerto rico. we are coming off a big weekend for puerto rico's debt crisis. let's find out why with morgan brennan. >> thanks, brian. as the heavy rains of tropical storm erika are pounding puerto rico, the commonwealth is calling for a "rain delay" in its debt restructuring proposal which was supposed to go to the governor's office yesterday. the governor's chief of staff extendeded deadline to september 8th. investors and analysts had been eagerly awaiting this proposal by the u.s. commonwealth's $72 billion in debt was called unpayable. a month after that announcement on august 3rd, puerto rico failed to make the majority of a $58 million payment issuing only a small partial payment on its public finance corporation bonds. flashforward to this week. today there is a

apple feeling the pain from that ratings cut at jeffries yesterday, the stock to 130 bucks a share from 135, citing uncertain demand for the iphone and a loss of investor confidence and company's ability to grow. nonetheless, sarah, when it comes to the dow, it's shading about 36, 37 points off the blue chip index, so far by far the biggest drag on the dow today. apple shares, sarah back over to you. >> thank you. >>> some other headlines, drugstore chain rite aid will begin accepting mobile payments such as apple pay, google wallet and android beginning august 15th. symantec selling information management business to an investment group led by carlisle group for about $6 billion in cash and amazon same-store sales hitting 30.1% in july, up from 26% in june, and driven by amazon's black friday, otherwise known tyler as prime day. >> thank you very much. >>> sarah, mercedes reopening an old hummer plant in indiana to build trucks and suvs and sell them in china and at that plant is where phil lebeau is right now. china the auto sales there at a one and a half year low. why now? phil? loo

plus apple falling hard on a bearish note from jeffries.how much pain they think china will inflict on apple's stock price. and later the cio of a $70 billion asset management firm says china is already priced into the market and now is a great buying opportunity. she'll tell us what she's buying right now. but first to the broader sell-off here. all three major averages seeing more than 1% losses. but there's more than that. oil and bonds trading at financial crisis levels. th

fiscal year and jeffries is downgrading to a hold. this may be the biggest price target eruption.from $90. i read it twice. i read it twice from the note itself just to be sure. some of the bears are having a tough time competing adobe. manage. is not going to cut prices. >> 90 to $39, yeah, biggest in history. >> michael kors. you have double slam now hitting the stock today. it is not reacting negatively. that maybe is a good thing for the name. jp morgan downgrading it following yesterday's stock jump. the target is at $38. stock is at $44. so more than 10% below the current price. they're concerned about the wholesale business not being reflected in the stock price yet. piper jaffray downgrading to underweight. infe effectively a sell. >> they gained 10% in yesterday's session. coach gaining a lot. ubs upgrading coach. meantime, we don't like to throw around the word carnage. carnage is an appropriate word for sunedison. the stock is more than half of the recent high on july 20th when they announced the acquisition. credit suisse trying to defend the stock. obviously, there is

jeffries? >> thank you mr. chair. and thank you madam secretary for your testimony here today as well as for your tremendous leadership. i want to begin by asking a question about sort of providing care to some of the most disenfranchised and economically isolated individuals. many of the constituents that i represent over the last couple of years, we've had a crisis throughout brooklyn with the closure of several safety net hospitals and in other instances significant financial distress that many of the safety net hospitals have experienced largely as a result of perhaps the over utilization of certain aspects of the hospital, the emergency room, for issues that could be taken care of in a primary care context. for instance the fact that traditionally in many soci economically disadvantaged communities you have a mix of individuals that are either on medicaid or totally indigent and uninsured. or the access to private insurance traditionally has not been a healthy mix. it's created a situation where many of the safet

goldman and morgan stanley and jeffries. not too shabby a list there among the decemberists.d conditions had not yet been met for hiking, but those conditions were approaching. some thought the conditions had already been met. but others saw inflation going the wrong way. they worried about china, about the strength of the dollar, about lower oil prices. all of which, of course, have worsened since the july meeting. yet jobs have remained strong. wages are picking up. we reported that yesterday. and the economy bounced back pretty smartly from the weak first quarter growth. and the case for zero rates for some, sort of the people we've talked to and who we follow on the committee seem to be eroding. >> the difference of opinion between september and december is perfect because it shows you exactly how the market reacted yesterday to the fed minutes. >> i think that's right. >> nobody has a clue when the fed is going to move. >> you know, and you could take a step back and say you know what? if it's that close a call, let's not do it. i think you have brian from oppenheimer in