it is what jetblue says about unit revenue for the rest of the year that could determine how jetblueres trade on wednesday. this is an airline in the midst of restructuring routes under new ceo. they are making progress, but still have a long way to go. garrity's focus is on adding profitable routes. not just to pick up market share. we will speak with joanna geraghety today on closing bell and where jetblue is and where it expecting to go the remainder of the year. >> good morning, starbucks will report later today. analysts are looking for revenues of $4.2 billion for the third quarter. the key figure is same store sales. expected to drop 2.7% and internationally expected to be down 5.1%. sales in the u.s. are expected to decline 2.2%. last quarter, it slashed guidance and occasional customers came in less. the expectations for the same-store sales are in the low single digits to flat on the year. the company forecast that sales will start improving in the fiscal fourth quarter. starbucks is taking steps to remedy the situation. the trainings for workers and customers including spe

let me tell you for what jetblue that means.t between albuquerque and new york, don't have business class in the front. what they need is a lot of leisure travelers that want to fly in their mint offering and need to expand that. high margin. it's free money. they're not doing that. i would rather buy a delta. i don't want to buy delta. >> i think that's a great point about jetblue. maybe they're listening. pfizer coming off its six straight positive weeks. paxlovid, with watching for the oral glp-1 and flu combination vaccines. do you like pfizer here? >> you know, i like the idea of pfizer. what wall street is spinning this rsv vaccine thing 1.45% of revenue. unless you think that's going to grow to 5, 10, 15%, this is it. slow grower. you buy for a big fat dividend. fy want a big slow growing fat dividend i'll just buy a value large cap etf. there's better things. i don't see glp-1 moving the needle on this company. >> ten seconds on the big tech earnings, i don't think we'll see you before that, are you exposed, trimming, wh

jetblue is targeting customers that there's still a lot of demand for.. wages of airlines have been growing. i look at this number one airlines not my favorite sector right now. jetblue is not in position to pick up the revenue and the margins that the market think they have. this turn around plan will get grounded. >> go premium was the advice earlier this week from our guest as well. interesting. victoria, thank you very much. we appreciate your time today. we'll see how ms. garrity responds to those comments. quick programming note, don't miss cnbc exclusive with jetblue at 4:30 p.m. eastern. >>> speaking of air travel, coming up, we'll hear from the ceo of airbus when we return right after this. >> [music] i enrolled in umgc because i became very passionate about emergency management. the professors were great because they've had several years' experience in the field. they've seen emergency management hands-on. i'm able to learn from their experience and really make a difference. i picked university of maryland global campus because you get so much

all of that helping jetblue. and jetblue's ceo is going to join "closing bell" later on this afternoon. kelly, back to you. >> it will be great to hear from her as the company tries to fix itself. dom, thank you very much. >>> we're just over 24 hours away from the fed decision, and while it's expected to be the meeting before the cut, there's some division over how many cuts we'll see before year end. steve liesman has the results from the latest fed survey. mr. liesman? >> good afternoon. rate cuts are coming, just not this meeting. there's increasing confidence the fed will cut in the fall. of course, a new focus on how far they go over the cutting cycle and how quickly they get there. 81% in our survey say the first cut comes in september. 86% say the second cut comes in december. what's mising? no november cut. the futures market has not priced that in. march 2025 is when quantitative easing ends, saying forget politics, mr. powell, do what you need to do regardless of the election. let's do a little math he

no comment yet from jetblue. >> we turn now to american workplace.rican workplace culture and a new push to force companies to provide paid leave to all employees. >> nothing ever gets done in washington unless regular people stand up and demand it. >> pushing for paid leave. activists yesterday delivered a petition with more than 55,000 signatures to members of congress, demanding legislation that would allow workers nationwide to take paid time off for family or for medical reasons. >> we are one of only seven countries in the world that doesn't guarantee any form of paid leave federally for its people, which means we are not just losing to other wealthy countries, we're losing to nearly everybody. >> the petition, organized by advocacy groups, paid leave for all and moms rising, aims to create a permanent national paid leave program. >> paid leave is good for families. it's good for the economy. it's good for our country. it's good for national security. >> recent data shows only 27% of private sector workers have access to paid family leave throu

jetblue also said it's delaying its purchase of $3 billion worth of air bus planes.erence call that the company needs to cut it is spending saying jetblue's revenue growth has not been enough to outpace the cost challenges it is seeing right now. look at novovax down 27% and shares of covid vaccine maker are tanking to 2-month low after jp morgan downgraded the some from underweight to neutral and set an $8 price target and shares are at $11.92. jp morgan says covid vaccine demand will ultimately be fractional compared to that of the flu. now to a different kind of shot, investors are pouring out shares of spirit's maker at this hour. the stock falling to four-year low after the maker of johnmy walker whiskey, casa migos tequila and others. the business is specifically struggling in mexico and brazil. they're not drinking there as much there apparently. sales falling 21% year over year. the stock falling 5%. and proctor & gamble shares and the dow component dragging down the blue chips and lower by 5.25% after the consumer goods giant posted a stinky earnings diaper

. >>> later, jetblue shares take off after posting a surprise profit.ck with its worst day in three years. and a staples stalwart losing three months of gains in one day. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. we start off with that huge slate of earnings. some big names on the move in the afterhours trade. we've got team coverage on all these names. kate rolgers with starbucks, julia boorstin is watching pinterest. but we start off with steve kovach, who hasall the details on microsoft's results. steve? >> yeah, mel. microsoft squeaked by with beats on the top and bottom lines, but disappointing growth in cloud, and a big jump in capex from last march quarter is weighing shares down. first, the ruments here, eps was a beat at $2.95. street was looking for $2.93. and revenue, aer have slight beat here, $64.7 billion, street was looking for $64.39 billion. and on azure cloud growth, this was a little bit of a deceleration, and the first miss since oct

then jetblue soaring 12% after the airline posted a surprise profit.it was going to defer another $3 billion in aircraft spending through 2029. that's to improve cash flow. jetblue cut on profitable routes and trying to stem some of the losses as it faces higher expensings and oversupplied domestic market. don't miss ceo joanne gerith on "closing bell." >>> the stock is sinking after weaker guidance. down 10%. we're going to drill down on the report. what it might mean f torhe rest of the drug makers. they're down, too. we'll do it next. even social po. in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or

throughout the shares of jetblue up 15%. at the highs, the stock up 23%. the best day since 2020. that is the degree of piety -- of buying power -- 6%. put up a mixed quarter. missed sales estimates. organic growth the lowest, slowest i should say in six quarters. they are unable to raise prices a ton. it suggests there is an intolerance on the part of consumers for higher prices. inflation we have been wondering about for a while. merck down 10%. the worst day since november of 2021. the worst day going back to 2008. they cut their full-year guide with the company highlighting china weakness. taking a look at crowdstrike because the weakness extends. since the failed upgrade, the debacle, the stock down 42%. 12 of it coming today. this after delta hired a prominent attorney to seek possible compensation for the outage that affected them and delayed so many flights. microsoft of course, the outage having to do with microsoft windows. today microsoft talking about having some outage -- we don't of it is related to crowdstrike or i don't at this point to office and cloud features. t

there are airlines that have added extra flights, including american, jetblue.lines have offered waivers to compensate people for flights that have been canceled. really, it has been a mad dash at the airport for people to get out. we spoke to one couple who said they cut their trip short. they were supposed to leave on friday, now leaving tonight, and they said they want to play it safe and not be sorry for having to stick around and put themselves in a potentially risky situation. let's talk about the risky situation because the forecast is ominous and pins and needles in jamaica. we are talking about some significant storm surge and some very dangerous winds, around 150 miles per hour right now, as beryl berylhrough jamaica. it is expected to happen early tomorrow morning throughout the day. so, certainly a tense situation here. there's a lot of anxiety as we lead into the night hours and into the morning. caitona: we know jamaica is an island of haves and have-nots. what are preparations like there? how well our people, the authorities ready for this? tom: y

jetblue, we don't talk about it that often.the stock is up so much. >> welcome, welcome quarter, david. for joanna garrity and the team at jetblue. she moved into the ceo spot at the beginning of the year. and basically her message was straightforward. we'll talk with her this afternoon on the "closing bell." stop with the worries about expanding and picking up market share. start working and focusing on flying profitable routes. we really saw that come through in the second quarter. third quarter will be a little rough. the guidance is below what analysts were expecting. you can understand why the stock is up 21%. >> yeah, wow. phil, thank you. phil lebeau covering it for all including that move in jetblue. i wanted to come back to merck. during the conference call the company starting to put some sense out there that gardasil, important drug for them, maybe there's some slowing there, and saying things about a relatively new therapy in terms of it just coming to the market and the launch. maybe they didn't hear what they want

grueling travel schedule, he travels on air force one, not exactly someone throwing peanuts at you on jetblue. seems weird to me. >> reporter: the president does have a bed on air force one. that is part of the job. the commander-in-chief in charge of a million soldiers, sailors and marines, you saw the ask io's piece, from 10 am to 4:00 pm and that raised questions. at 9:00 pm on the fireworks, the president standing up in a neurological state, that's why the biden campaign and the white house are trying to get the president out in the next few days to prove the doubters wrong. it's clichÉ to say all eyes on the president, people will be watching the interview on abc. adam: you know a few things about the grueling nature of traveling. i love talking about some of the craziness around the latest biden fixation. today, netflix cofounder, major democratic donors said the president needs to step aside to allow a democratic leader to beat donald trump. they give a lot to democrats, less inclined to do so now. how big a tempest in a teapot is this? >> not only for the top of the ticket but for dow

. >> after the deal with jetblue, forecasting a bigger quarterly loss because they are bringing in fewerbottom price is not what you pay. checking your bags. if they are buying a seat and spirit is not making as much money. stuart: "varney and company" 0 will take the stage tonight. the theme is make america strong once again. give us a preview. >> ron desantis and nikki haley give support for donald trump and it's a brutal republican primary season. look like the hatchet is buried. take a listen. >> you don't have to agree with trump to vote for him. we agree more often than we disagree. >> our enemies do not confine their designs between 10 am and 4:00 pm. america cannot afford four more years of a weekend at bernie's presidency. >> reporter: last night focused on the border and crime including having everyday americans speaks an emotional speeches including moms who lost their sons to crime and fentanyl. take a listen. >> it is too late for my son, weston. but we can change this for your children. we need donald trump back to save the lives of our kids. >> my son, and afghanistan war,

jonathan: the most confusing one for me out of the states is jetblue. i don't understand jetblue.problem. the customer service is absolutely phenomenal. you and i shared a transatlantic flight to london. flew business with work, thank you, and it was brilliant up there with the likes of delta and american. i don't feel like they market that well enough. lisa: they want to cater to families. look at their roots to florida and the islands. people put on hats and the families are excited. jonathan: but they sound budget when they are not. lisa: it is like big box stores trying to look cheap. jonathan: coming up, less on jetblue. less on ac milan, even. ♪ the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. with so much entertainment out there wouldn't it be great... put your business online in minutes ...if you could find what you want, all in one place? show me par

the stocks are not really suffering that much all though we've got jetblue and southwest down more thanage is related to problems at microsoft and in particular cloud strike, those two are down. setback for biden's student loan bailout and what happened this time, edward? >> a federal appeals court paused just the same portion of the student loan forgiveness plan until it can be adjudicated in court and affects about 8 million people in the plan and biden administration keeps losing in court over and over related to student loan forgiveness plan and so far president biden has all taxpayers supporting about $168.5 billion in student debt cancellation and affects 4.76 million and 271 million tax returns that irs handled and they paid for the loans and biden student loan forgiveness plan is an issue for the committee and responsible federal budget and adds to the deficit and debt. >> we were on an unsustainable debt path long before debt consolation and just make it is worse. as i said, if you add up all of president biden's proposed debt cancellations and we'll be talking about $1 trillio

jetblue caught up in that upward move for these stocks, so keep an eye on these friendly skies. and then in the opposite direction, on the ground, ford motor. those shares are plunging by 16% right now after a mixed earnings report. earnings came in better than expected. they did incross their free cash flow forecast while affirming, just affirming their full-year profit forecast. that was a little disappointing to some investors to the tune of 16%. but still, ford, autos and airlines, i feel like i should be phil lebeau at this point, but those stocks are the ones to watch. >> you are on his territory. dom, thank you very much. >>> a torrent of economic data out this morning. senior economics reporter steve liesman joinstous break it all down. steve? >> hey, kelly, good amp. second quarter gdp surprising to the upside. all while consumers seem to be hanging in there, and business spending looks to be an unheralded economic bright spot. here's the data. second quarter gdp, 2.8% above expectations, higher than the 1.4 in the prior quarter, but not as great. consumer spending, tha

spirit is down since its deal with jetblue fell apart. i think this is a sign the ticket prices got out of whack. the only way for them to take back travel market share i think is to offer a bargain, a better price. while no one is putting out pricing yet, i think it could be dead ahead. we can also pronounce the travel leisure market just plain dead and the next thing you will see is price cuts for everything across the board. housing has been a bull market because there is a huge shortage but today we saw numbers that may make you think consumers are saying no to higher home prices. according to data from the national association of realtors, inventories jumped. chief economist for the national association of realtors told cnbc we are seeing a shift from a sellers market to a buyers market. homes are sitting on the market longer and sellers are receiving fewer offers. a buyers market, when did you hear that last? again, this is exactly what was supposed to happen when the fed raised rates, but it took ages to start playing out. as the i

there was a record weekend here when i landed on jetblue on sunday. our travel is drive-to travel. and that travel -- the demand is out there. and there's no better segment that represents that demand than the infrastructure in terms of what it create. >> this is one to have most important segments to look at what you're talking about and understand what it will mean going forth. this is the first time since i choice dropped its hostile takeover bid. do you feel like a free man again? are you worried about someone else looking around the corner? >> well, look, i mean, we are -- we are -- it's been six years since we went public. we're the largest hotel franchiser with over 9,200 hotels and 95 countries. we have report pipeline growth, record unit growth. we're opening more hotels than any other hotel company in the industry. and yeah, we're excited. we're looking to continue to grow. there's no better brand that's growing faster. >> listen, it does look very nice. nicer than what i'm dealing with at home. geoff, thank you for your time. hope to check

jetblue. lauren: surprise q2 profit. stock's up 9%.ng plans to buy airbus planes worth about $3 billion. the reason is heir aiming for profitability through cost cuts. stuart: let's have a look at nvidia. they've not reported yet, a couple of weeks to go, i believe, there. did they have some kind of new advance in a.i.? lauren: physical artificial intelligence. what is that? stuart: what's to that? lauren: i thought all of the a.i. happened in the cloud. you know when you used to do the robot, right? if you're literally going to be doing the robot as you train the robot to do the job you want it toot to do. so you put on a pair of ar/vr goggles and say, hey, robot, this is the toaster. you take the toast out of the toaster, put it on the plate, get the knife out, put the butter out -- on the toast. every single worker will have an a.i. assistant including the ceo of nvidia, jensen huang. stuart: that's fascinating. haw lauren yeah. and it involves three computers and a pair offing goggles to train a robot. stuart: you made me understan

when you look at a jetblue, which has had some m&a, then not so m&a on the table, and you start to seeould be the reason for that. but that's obviously more domestic versus your international. >> and we'll see if things get more permissive, if we get a change in washington, regarding airline m&a. >>> when we come back, auto inventories are at their highest level in about four years, but will the glut lead to any relief on some of the high car payments? we're going to kk icthe tires on that trade in a minute. [♪♪] your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. want to save on some of the biggest names in streaming on formu the network made forzers streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the

more earnings reports are scheduled to roll in tomorrow, including paypal, jetblue and procter and gamble. the dow fell 49 points. the nasdaq gained 12 points and the s&p was up four points. investors will also be keeping a close eye on the federal reserv. its two day meeting starts tomorrow. wall street will be looking for signs about how soon the fed might cut interest rates. there's now a timeline on when apple plans to release its new ai features for iphones and ipads. apple says the new siri and other tools won't be available until after ios 18.1 is released later this fall. the company released some developer only beta versions today, which includes some apple intelligence tools, but apple says the promised visual tools and chatgpt integration are not coming until later in the year. samsung, microsoft and google have already released generative ai tools to their users. the us men's gymnastics team ended a 16 year medal drought, winning bronze in the team event at the paris olympics. today, it is the first time the us men's team has made the podium since the beijing olympics back in

and i think there might be some mojo in jetblue off this sort of rounding bottom. >>> all right, discover higher after its earnings report. steve kovach has the numbers. hey, steve. >> hey, mel. shares of discover are up about 4% afterhours, after beats on the top and bottom lines. earnings per share coming in at $6.06. nearly double the $3.07 analysts were expecting. revenue was $4.5 billion versus the $4.17 billion estimate. and the company reporting total loans ended the second quarter at $127.6 billion. that's up 8% year over year. and just this morning, carlisle agreed to acquire a more than $10 billion private student loan portfolio from discover, which the company describes as a critical initiative. the conference call doesn't kick off until tomorrow at 8:00 a.m. eastern, where investors will be listening for any commentary on the state of the american consumer. again, shares moving higher on these results, mel. >> all right, steve, thank you. steve kovach. karen, what did you make of this report? >> so, a little bit noisy. that's why you had that huge earnings number, which they w

spirit airlines came in second, with almost half of that 15 complaints per 100,000 passengers, and jetblue followed with 13 complaints. alaska airlines had the least amount of complaints, with just two per 100,000 passengers. next at 630. san francisco police pushing back on claims an australian ceo was beaten in the city and up to a thousand people living in west oakland could get m president biden, even after his news conference last night, some democrats still calling on him to leave the race. a local political analyst joins us live. >> then elon musk reportedly subleasing the x building in san francisco, meaning hundreds of local jobs could potentially be at risk. >> and months after her car was damaged by a falling tire at sf, one woman tells us she still doesn't have a car back. >> good morning everybody. it's friday, july 12th. >> we're going to get a check on your forecast now. hi lisa. hi. >> good morning to you. our excessive heat warning continues today another day of triple digit heat inland. and here are the advisories. you're probably used to this map. the advisories going th

frontier airline had the highest ratio of complaints, spirit had the second highest, followed by jetblue, meanwhile, performed the best, followed by southwest and delta. american had the most complaints, but it is also the one that has the most passengers total. overall complaints last year hit a new industry high. you don't get as many complaints if you bring me a drink and a snack. i'm just saying you want a coke with ice summer season is in full swing. we've been talking about summer travel and record temperatures, but it turns out never too early to prepare for the winter holidays. of course, i'm mike inouye has all things traffic for us. joining us this morning to explain all of this. okay, so mike, i heard you were actually shopping for some sweaters with all this heat. yeah. look, let me explain, though. it's because i was burned. not in the literal sense, but, you know, even though it's not sweater weather right now, last year, my holiday sweater purchase turned ugly, so i had to chat with michelle robertson. she's over at bart, so i'm wearing one of our gorgeous sweaters of cour

. >> a jetblue passenger has filed a $1.5 million lawsuit claiming she was burned during a turbulent orlando to hartford. according to the complaint, she says a crew member spilled scalding hot water on her while serving tea to the passenger behind her. she says the temperature was, quote, unreasonably hot and that she suffered second and third degree burns. the complaint also mentions ongoing turbulence made in-flight beverage service unsafe. new at six. the airline that got more than twice as many complaints than any other last year. >> then, if you use at&t, your data and call logs may have been compromised in a large hack and a local political analyst weighing in on how last night's presidential press conference may have impacted voters and a victory that is there for the taking. grab it. now that was a great halftime speech. let's go win. [jim valvano] don't give up. don't ever give up® day before the cool down arrives. lisa is here.

spending more than a $1,000 thousands of dollars on amazon he spent money on flights he spent money on jetblueing down from laguardia down to florida. he also went to smith them zelenskyy. it's a very good steakhouse in new york and i'm familiar with, i used to live in you're exactly right. but the first round forever, it's been around forever. but the fact is, if you're trying to contain your spending, it's probably not best to dine out a place like swift smith them, lenski, it might it'd be better to perhaps die in a place like what about his assets? because most of his money, giuliani says is in his properties in florida, in new york? yes. so what what is there beyond just his properties in florida in new york, creditors believed that there's a lot there for example, he has three world series rings, if you know anything about rudy giuliani, you know, he's a huge yankees fan creditors believed that he might be underestimating how much those rings are where they could be worth in total, more than $30,000, for example, there are other places where he might in fact get some money for example, i

but i haven't seen anything quite like this every single carrier, jetblue spirit delta, all of these, this is all that you see, just lines and lines, people wrapped around trying to get information, trying to check in, and hoping and praying that they're going to be able to make their flights we've seen some of the screens displaying the information with that blue screen of death. that's as you guys called it with this outage, we've seen lines of people in wheelchairs up against the wall just trying to get more information, figure out what is going on. and just these huge, huge lines the manpower hear clearly these carriers were not expecting this to happen. we're seeing one or two people trying to manage these crowds, trying to get them moved out of here. i have a passenger right over here, jennifer. jennifer, tell me when you knew something had gone wrong. >> i really wasn't getting much information yesterday. my flight was changed about 30 different time and i really didn't have any answers yet. >> you found out by googling that there was an outage and we've seen people actually ma

he spent money on flights he spent money on jetblue flying down from laguardia down in florida. he also went to smith them zelenskyy. it's a very good steakhouse in new york. i'm familiar with. i used to live in your exactly right. but around forever, it's been around forever. but the fact is, if you're trying to contain, you're spending, it's probably not best to dine out a place like swift, smith them, lenski, it might be better to perhaps die in a place like what about his assets? because most of his money, giuliani says is in his properties in florida and new york? yes. so what what is there beyond just his properties in florida in new york creditors believed that there's a lot there for example, he has three world series rings, if you know anything about rudy giuliani, you know, he's a huge yankees fan. creditors believed that he might be underestimating how much those rings where they could be worth in total, more than $30,000, for example, there are other places where he might in fact get some money. for example, i don't know if, you know this, but rudy giuliani is now ma

they were going to merge with jetblue and it was going to save them.hat was broken up by antitrust. i think the trump administration might have let that one go through. i don't know. they take that palm beach trip and was going to raise the rate. that's a palm beach trip -- that's mar-a-lago. >> what's the market cap on this poor thing at this point? >> five below -- >> one of the names you were talking about. >> five below is one of those companies -- >> $346 million. >> it's not the fulcrum of this movement. five below, joel anderson, who's been on "mad money" a number of times, this is one where they don't even say, he left to spend more time with his family. they simply say, he left. now, five below, every time he's been on, i say, you can't keep adding stores with bad same-store. that's the classic what happened with wt grant if you want to date yourself. their total sales looked great but the same store is terrible and they guided down, but this is a company that's been hurt by china, hurt by the consumer, and hurt by shrinkage like almost -- i m

, look, until the airline situation clears up with spirit where they can discount very much, with jetbluestocks. you can own that. i don't care. i've got other fish to fry like abbott that we have in the next -- >> you're going to stay with us for the interview at the 10:00 a.m. hour. meanwhile, jim, talking about consumer weakness, beigebook, five of seven districts saw flat to negative activity. >> rate cut, rate cut, rate cut. there are people who are still clinging to the july -- again, that july story, no go. but september rate cut is so good for so many companies that i would tell you small and medium-size business would benefit. >> let's get the opening bell and the cnbc realtime exchange. at the big board, it is health care provider ardent health, celebrating an ipo today. at the nasdaq, insurance broker twfg, also celebrating an ipo. >> that's why the morgan stanley conference call was so important. they were talking about triple the number of deals that they had last year. we're going to be very busy with ipos, carl, and that's very good for small and medium-size business. that'

shares in jetblue jumped 20% after a surprisingly good earnings report that airline has been cuttingtable. taking a live look now at the numbers, the dow is the holdout, having a positive day today up almost a half of a percent 171 points there. unfortunately, the nasdaq and the s&p 500 both down a bit despite some decent earnings coming in for some of the tech stocks. the dow the nasdaq down about a third of a percent. we do have an update on the bay area battery maker that furloughed most of its staff two weeks ago. we found the notice sent to employees letting them know that moxie on power is now shutting down entirely and laying off its remaining 248 employees. the richmond company makes a portable battery energy storage system that's designed to replace diesel powered generators. sfgate first reported that despite raising $110 million in funding, moxian is ending its work on a huge new battery factory there in richmond, the federal reserve starts its two day policy meeting today. fed chair jerome powell will discuss the bank's assessment of the economy and outlook for interest r