wapner in for joe kernen. welcome, scott. good to have you here today. a number of interesting stories to talk about today. let's get a quick check on the markets. the u.s. equity futures that the hour, they're barely budged. look and see what happened there. yesterday, we saw some new records. nasdaq at a 13-year high. and the russell 2000 at another all time high. interesting news, the vix, volatile dropped off the planet. at around 11. and so we'll continue to see what happens. we're in august, and some of these numbers will tell you just that. today's economic calendar is light. we have two reports to watch. international trade at 8:30 eastern time. and then at 10:00, the labor department announces job openings and labor turnover survey known as jolt. as for earnings, we have adm and liberty media. they're the names that are reporting quarterly results before the bell. this afternoon, you have disney in focus. we're not through the earnings season yet. here is the big news. amazon founder jeff bezos is buying "the washington post" newspaper for $250

i'm andrew ross sorkin with joe kernen, becky quick will be returning from vacation next week. so you can stop with all those e-mails. we have some headlines for you, and, yes, joe, my heart rate is up this morning. vodafone confirming it is in discussions with verizon about a buyout of the uk company stake in their wireless joint venture. vodafone has a 45% stake in verizon wireless. reports say the u.s. group is looking for more than, i'll repeat this number, two times, $100 billion for the stake. when you talk about big m&a deals, this would be the return if it happens. also, it is a official this morning, bill ackman through with the jcpenney stake. he has sold that entire 18% stake for the retailer. the price tag, only $12.60 a share for it. he had paid almost double. and that's nearly half the average 25 shares he paid when he first invested and that investment was originally made in 2010. >>> u.s. government and swiss banks near tax probe deal. the goj expects to announce a new program within days. the program would allow some swiss banks to avoid or at least defer prosec

i'm joe kernen with michelle caruso-cabrera.e're not in the city, unless you think ingle cliffs is a city. andrew ross sorkin is reporting live from the nasdaq market site in times square. that is a mouthful right there. just times square, all the stuff that that encompasses, a lot better place now, at least temporarily. we'll see what happens with all the moves against bloomberg yesterday. andrew is preparing for an interview with the man of the morning. you got to say, this guy, when it does hit the fan, at least by the next day, he is ready to talk to everyone about it, right? >> that's the good news. >> he will come out and hopefully be as transparent as possible. >> got him at 7:30, right? >> 7:30. we have a lot of questions, a lot of people actually tweeting in, if you have a question, tweet to us and hopefully we can put it to him. >> we'll talk more about it now and hang out there. and for me, all those trades and it is all, you know, with computers, you know how when you lose one of those little things you click on to g

sorkin and brian sullivan in for joe kernen. good morning, everybody. >> good morning, good morning. >> u.s. stocks are now on a three-day losing streak. their worst run in two months. the hardest hit s&p sectors yesterday were the financial and consumer discretionary areas. utilities did close higher. but, yeah, look at that. s&p down by about 6 1/2 points. in asia, the nikkei suffered a rough session, closing down by nearly 2%. bank of japan did decide to leave monetary policy unchanged at the conclusion of its two-day meeting. that announcement was expected. meantime, south korea's central bank, they kept its policy interest rate unchanged at 2.5%. and unanimous vote. the rest of asia ended mixed after some upbeat trade figures from china. the company's exports jumped by 5% in july, imports surged by 10%, and both those figures were better than expectations. we'll talk more about china in about ten minutes. >> among the markets today, the big weekly jobless claims out, due out at 8:30 eastern. worth watching this morning, the

. >> this squawkward moment has been brought to you by joe kernen. >> we haven't had a squawkward momentn a while. >> i don't think we have it taped, we don't have a guy saying it, that we have an awkward moment. >> already part of it. >> does this feel at all to you -- >> over 110, we saw that, i want to leave the ten-year. the ten-year, we should be going -- let's -- this feels good. this is not getting out of hand. the fed has not lost control. the globe is not pushing interest rates up in spite of the fed. it is not. these other things, worries about the taper. in fact, the durable goods number probably made it more likely that liesman will be right. maybe there won't be anything in september. >> yeah. but let's -- >> you look tan. they put too much makeup on you today, around here. did someone different do your makeup today? >> you don't think it looks good. >> it looks good, you look a little -- it is like they're catering your makeup to the time of the year. >> it is the end of summer, i should look rested, a little -- >> you look like you got a haircut. >> i did. a week ago. >> b

>> joe richard kernen. we have shares at abercrombie and fitch falling sharply in retail trading.per share. it was well short of consensus. the cfo saying it was weaker customer traffic and softer results for sales of women's apparel. as i said in the last how far, my wife banned pe from buying those cargo shorts. i think that has a huge roam. she says i shouldn't try to pretend i'm in college anymore. also, retailer sears out with quarterly numbers this morning. sears lost $1.46 of the share a. wider loss than analysts were expecting. they say an increase in activity. u.s. comparable store sales were down 1.5% from a year ago. and dollar tree earned 56 cents per share for the latest quarter over sales earnings and profit margins higher than a year ago. hewlett packard matching wheat estimates. they report a 9% decline. the largest division. a key part of the turn around plan t. company's outlook was disappointing. hp ae nounced it is shuffling to top management ranks. you can see over 7.5% in premarket action. ceo meg whitman will be joining us at 9:00. >> who wears the pants in

i'm joe kernen with becky quick and andrew ross sorkin.ury in the fabrice tourre will resume today. yesterday we knew they were in deliberations because he didn't call any witnesses, right. the defense called no witnesses. >>> macy's and jcpenney back in court today. a judge set to decide whether penney can sell certain martha stewart branded home goods despite macy's exclusive deal that they had with her. >>> and closing arguments, the judge could render his verdict from the bench today or issue a decision in the next couple of days. both of these are old dragging on cases. >> five years ago. >>> a survey is finding that u.s. natural gas prices are expected to creep higher for the remainder of the year. and again in 2014. the reuters poll of analysts says the demand will continue to improve after extremely low prices last year attracted more users. we'll be talking to the ceo of america's natural gas alliance in the next half hour. a different study out this week, we'll talk about this right now, a different study suggests drillers in nor

joe kernen's hair, that parody account was tweeting him, saying he loves his vacation. e back. here's what he sent in. the hair does love vacation. here's a picture and, yeah, we're not going to tell you where it is. an undisclosed location. there is a beach. and he sent another tweet that says hair magesty and pongo. yeah, that's right. >> trying to stay out of the sun. >> not much surf there on that beach. can we get the picture back up? i will see if i can do it. the second one, you can see his shadow. okay. >> the picture of penelope? >> that's pretty much noon. you can't tell. i was thinking, is that an east facing beach or a west facing beach? >> i know the answers. so i'll zip it. >> i will say like gulf of mexico kind of thing. is that your face? >> you know, there is a lot of stalkers out there. we got to protect the -- >> the hair? >> the hair, exactly. >> all right. >>> coming up, we will have more on berkshire hathaway filings. oil prices are extending their gains. we are coming back with a big two hours in just a moment. okay, listen up! i'm re-workin' the m

brian sullivan is in for joe kernen today. take a look at futures. dow looks like it's off this friday at 46 points, s&p would open off about six points let's call it. we'll round up. the nasdaq is off about 5 points. up with of the big headlines j.p. morgan reportedly close to reaching a settlement with security regulators over the so-called london whale losses. regulators now saying the bank may admit wrong-doing. this is a big push. the sec has been pushing around disclose years and controls would change the game, meanwhile, ixo, bruno ixo not expected to face charges, apparently, he has been cooperating. will is a report blackberry is warming up to the possibility of going private. sources say the chief executive and the board increasingly coming around to that area. blackberry has not launched any sale process so far. we have to keep our eyes on that company. the company shares are all more than 19% this year, though they're up on the news this morning. >>> membersical billionaire car loss slim makes a bid for kpn. teleupon the ka offered for th

i'm andrew ross sorkin with joe kernen, kayla tashi in. this will be fun, joseph kernen. >> keep your phone, you know, just don't be -- you have call waiting? >> i don't even have it. >> we're going to need you over the next two weeks when becky is out. we're going to need you periodically to do this. just know that and -- >> you can tweet me, e-mail me. >> don't make any serious plans. don't make any serious plans. aren't you in again tomorrow or is it the next day? >> i am. i'm in tomorrow. >> okay. good. there is a lot of people out. >> save some of your material, i'll save some of mine. >> a lot of people out in august. i hear home depot is -- >> out. >> right now. >> as we're speaking. >> we'll look at that compared to lowe's. i don't want you to have to -- >> 11.4%. >> let's do 1.24 is the number that we're looking for, which is 3 cents ahead of expect takings on sales of 22.5 billion, which was 700 million ahead of the $21.8 billion estimate. the company is looking for 2013 of $2.60. the street is already at $3.64. since there is th

i'm joe kernen along with andrew ross sorkin.tting in for the vacationing becky quick. we're going to talk about a lot this morning, including probably not going to talk about the twerking with -- we' >> we're not? it's over? >> you know how people who work on this show think they're funny. the director has been, like, just -- >> going to twerk? >> -- just quietly saying, you know, joe, if you did want to twerk, we do have some music ready, if you want to. not that -- i hear it ♪ i'm not going to. he's trying to induce me -- >> to twerk. >> yeah, which would last forever. >> did that music not get you going? >> did you see, "in and out," kevin kline? this is how i dance. watch my fingers. >> in the club? >> this is how i dance. and that's all i will do. >> can you dance while you're sleeping? >> now, in the movie, it starts like that for kevin kline and he goes absolutely crazy, but i'm not doing anything more than this. >> you're sticking with that? >> will you twerk? i won't ask you, because i think that would be sexist if i as

i'm andrew ross sorkin with joe kernen. we have a lot to talk about this morning, including important news. the latest situation with the situation in syria. the team of u.n. inspectors is supposed to finish its work there today. yesterday, president obama and his national security team laid out their case for action against syria in a conference call with lawmakers. but here's where things get complicated. the british parliament voted down a strike and israel says it is unlikely to join as well. but france's president says his country can go ahead with plans to strike syria. all this is roiling the markets. oil dropping on news of the british vote late yesterday and you can see right there, things are slightly down this morning, but it is all quite marginal for now. but i'm still -- i'm still trying to understand what we as the u.s. are now supposed to do with all this given what is going on internationally. >> i think about it a lot. i never come up with any answers. it is like i'm debating myself. i feel like i could do

i'm becky quick with joe kernen and andrew ross sorkin. we're counting down to the july employment report. the nonfarm payrolls are expected to rise by 183,000, but the whisper is out there and tends to be higher than that. there are estimates of more than 200,000. this is all coming after some really strong jobs numbers that we have seen from the ism manufacturing report, from the adp report, all the indicators including the jobless claims yesterday, which don't feed into this, but every single number we have been looking at, they have all indicated higher jobs and we'll see if that holds true today with the big number. the unemployment rate is expected to tick down. average hourly wages are expected to rise by .2%, and ahead of that report, after some huge gains for the market yesterday, you're going to see the futures are indicated slightly weaker. dow futures down 4 points. s&p off by a point and a quarter. and all of this is coming again as i mentioned as we had record start to august. yesterday, you were looking at the dow industrial

i'm andrew ross sorkin with joe kernen and scott wapner, sitting in for the vacationing becky quick.situation in syria. senior u.s. officials telling nbc news that the u.s. could hit the country with missile strikes as early as tomorrow. discussions about a possible options coming days after what is now believed to be the syrian regime's use of chemical weapons against civilians. nbc's richard engel filing a report from southern turkey, near the syrian border. >> reporter: washington says this is not about regime change, that the united states doesn't want to get involved in syria's civil war, that this will simply be a punitive action so that the use of chemical weapons does not go unnoticed and unchallenged. >> there is no doubt who is responsible for this heinous use of chemical weapons in syria. the syrian regime. >> reporter: the leader of the free syrian army told us today he hopes three days of military strikes will just be enough to topple the regime, that it could

i'm becky quick with andrew ross sorkin and brian sullivan in for joe kernen today.gs off. 5:59 every morning. not early. >> i thought the show starts at 6:00. i looked over and saw the clock and see there, can you show -- >> we're just about to be 6:00 right now. >> there you go. >> now it is 6:00. let's start things off with the markets this morning. andrew mentioned japan. nikkei closing down 4% overnight after u.s. stocks logged their waft day in over a month. among the reasons that were cited, fed fears, you had fed president dennis lockhart and charles evans suggesting the central bank could begin tapering easy money program as early as september. there was some doubts after that lousy jobs report we got last friday. but there is more fed talk today. philadelphia's charles plosser will be speaking at 12:30 on his economic outlook and cleveland's sandro pianalto talking about an hour later on the regional economy. in the meantime, the bank of japan kicked off a two-day

. >>> -- ross sorkin and scott wapner in for joe kernen. welcome, scott.here today. a number of interesting stories to talk about today. let's get a quick check on the markets. the u.s. equity futures that the hour, they're barely budged. look and see what happened there. yesterday, we saw some new records. nasdaq at a 13-year high. and the russell 2000 at another all time high. interesting news, the vix, volatile dropped off the planet. at around 11. and so we'll continue to see what happens. we're in august, and some of these numbers will tell you just that. today's economic calendar is light. we have two reports to watch. international trade at 8:30 eastern time. and then at 10:00, the labor department announces job openings and labor turnover survey known as jolt. as for earnings, we have adm and liberty media. they're the names that are reporting quarterly results before the bell. this afternoon, you have disney in focus. we're not through the earnings season yet. here is the big news. amazon founder

i'm andrew ross sorkin along with joe kernen and michelle caruso-cabrera.s. the first one being that amgen is buying cancer drug maker onyx pharmaceuticals for $125 per share. it's a $10.4 billion deal. and kudos go to tony coles of onyx, 330% gain for him since he became the ceo of that company. the acquisition ends a two-month-long auction of onyx. it is the fifth largest biotech deal in history. a lot more on this story from industry analyst barbara ryan at 6:30 eastern. >>> also, anadarko petroleum in a natural gas filled off the coast of mozambique for $2.6 billion. a subsidiary of india's oil and natural gas corporation is the buyer. and finally, tms spernt repo ss reportedly agreed to sell itself. tms provides procurement in other services to steel mills. "the wall street journal" saying the deal is scrawled at $17.50 in cash. it's a

i'm andrew ross sorkin with joe kernen, becky quick will be returning from vacation next week. those e-mails. we have some headlines for you, and, yes, joe, my heart rate is up this morning. vodafone confirming it is in discussions with verizon about a buyout of the uk company stake in their wireless joint venture. vodafone has a 45% stake in verizon wireless. reports say the u.s. group is looking for more than, i'll repeat this number, two times, $100 billion for the stake. when you talk about big m&a deals, this would be the return if it happens. also, it is a official this morning, bill ackman through with the jcpenney stake. he has sold that entire 18% stake for the retailer. the price tag, only $12.60 a share for it. he had paid almost

i'm andrew ross sorkin with joe kernen.bout this morning, including important news. the latest situation with the situation in syria. the team of u.n. inspectors is supposed to finish its work there today. yesterday, president obama and his national security team laid out their case for action against syria in a conference call with lawmakers. but here's where things get complicated. the british parliament voted down a strike and israel says it is unlikely to join as well. but france's president says his country can go ahead with plans to strike syria. all this is roiling the markets. oil dropping on news of the british vote late yesterday and you can see right there, things are slightly down this morning, but it is all

joe kernen and michelle caruso-cabrera back at headquarters.shutdown of the nasdaq, trading in thousands of stocks, ground to a halt after a technological problem shut down trading. it is the latest disruption to the operations of the u.s. market. and now the s.e.c. chair, mary yo white, she's calling for a meeting of wall street leaders to help ensure the, quote, continuous and orderly functioning of securities markets. our newsmaker of the morning, nasdaq ceo bob greifeld will join us first here on cnbc at 7:30 eastern time. we have a lot to discuss from here with him and other issues. but before we do that, i'll send it back to joe and michelle for the other top stories. >> good morning, andrew. thank you. see how you like it down there. i think it is an effective use of -- your hair looks shorter with that backdrop, for some reason. >> i got a haircut yesterday. >> he got a haircut. it is not the -- okay. all right. i was just wondering. it is weird. >> he could sleep in. >> could sleep in, just roll out of bed. >> this was weird. the weird

i'm becky quick with joe kernen and andrew ross sorkin who is happy to be back. >> i don't know if i'mto see you. it was a nice week and a half. fun to be back. >> were you getting up at 4:00 a.m. every day? >> no. almost. 6:00 a.m. so the thing i miss this morning is the kids running into the bed. that is something we don't get to do enough. >> no. >> along with the family unit, you don't. >> and hang out at that -- >> they're in that wing of the upper west side, right? are they allowed in there? >> of course they're allowed. on the weekends they're allowed in there -- >> i thought the staff had explicit instructions not to let them into that part of the compound. >> yeah, yeah. >> upper west side compound. >> upper west side compound, we try to keep everything separate, but -- >> soundproof -- >> the vacation -- >> on vacation --

i'm becky quick with andrew ross sorkin and brian sullivan sitting in for vacationing joe kernen.ee you. you're on your way out the door too. >> i got jeans on, 11:00 -- >> you got on jeans? >> yes, i got to fly. >> at least you're wearing pants. remember we it a discussion a couple of months ago where you made a great joke about pants. >> it is optional. i'm going to the airport. i figured tsa will take them off anyway, so i figured i might as well beat them to the punch. >> the dow is on track to turn in its first weekly drop in nearly two months. take a look at the u.s. equity futures this morning, not going to get much help there. dow futures down by 42 points below fair value. s&p futures off by 5 1/2 points. we only have one economic report on the agenda today. and that is wholesale trade inventories for june. overseas, stocks in china trading a little higher on today's session after economic numbers there painted an upbeat pi

i'm becky quick with andrew ross sorkin and brian sullivan in for joe kernen.d morning, good morning. >> u.s. stocks are now on a three-day losing streak. their worst run in two months. the hardest hit s&p sectors yesterday were the financial and consumer discretionary areas. utilities did close higher. but, yeah, look at that. s&p down by about 6 1/2 points. in asia, the nikkei suffered a rough session, closing down by nearly 2%. bank of japan did decide to leave monetary policy unchanged at the conclusion of its two-day meeting. that announcement was expected. meantime, south korea's central bank, they kept its policy interest rate unchanged at 2.5%. and unanimous vote. the rest of asia ended mixed after some upbeat trade figures from china. the company's exports jumped by 5% in july, imports surged by 10%, and both those figures were better than expectations. we'll talk more about china in about ten minutes. >> among the markets today, the big weekly jobless claims out,

i'm becky quick with an drudrews sorkin and steve liesman in for joe kernen. >> i'm going to look forward is. does this have to do with his tweet? >> don't give things away. let's go right to the markets. the dow and s&p falling yesterday. this was the worst day since june 28th. this morning, as we're coming in, resetting, you can look at the u.s. equity futures, you'll see again there are some red arrows, so no quick rebound. these are very modest declines, a drop of 3.5 points for the s&p and the dow down. in asia, the nikkei dropped by more than 2% overnight. check that out and see that in shanghai, the market there was down by .8%. the early trading in europe at least at this point, take a look and see that, yeah, some very

i'm andrew ross sorkin with joe kernen, kayla with us today sitting in for the vacationing becky quick big one being that the fed will release its minutes from its last fomc meeting at 2:00 p.m. eastern time today. a bit of disagreement, of course, among policymakers about the timing of the expected taper. that's what investors will be looking for when they look at the minutes, hints on what the fed's next move may very well be. the kansas city fed, they're kicking off their annual symposium in jackson hole. steve liesman is there and he'll join us in a couple of minutes. later, not a couple of minutes, 8:00 eastern, to talk about that. the one person, by the way, not there, ben bernanke, we'll talk about why perhaps with steve as well. also as for the markets ahead of the minutes, look at u.s. equity futures now. the dow, red arrows across the board, opened off 23 points. s&p 500 off about 4 points and the nasdaq off close to 11 points. the dow, we should note, closed down just a little bit yesterday. losing gains in the final minute, and that means the blue chip index i

i'm andrew ross sorkin along with joe kernen and kayla tausche, sitting in for the vacationing beckyt of headlines this morning. let's start with the biggie. >>> the obama administration now warning of a mid-october default deadline. treasury secretary jack lew saying that the government is going to exhaust its borrowing capacity at that point, and then it would be left with about $50 billion of cash on hand. he warns that amount could conceivably be wiped out in one single day. our own john harwood's going to be sitting down with the treasury secretary for an exclusive interview and we're going to have that and bring it to you at 7:30 a.m. eastern time. >>> in other washington news, the white house preparing to release intelligence evidence alleging the use of chemical weapons by syria. secretary of state john kerry called last week's attack a "moral obscenity," and he's laid out the case for a u.s. military response. >> anyone who could claim that an attack of this staggering scale could be contrived or fabricated needs to check their conscience and their own moral compass. what is

i'm andrew ross sorkin with joe kernen and michelle caruso-cabrera, joining us while becky enjoys someart with the markets this morning. a lot to talk about. the dow is now on a six-day losing streak, stocks closing near session lows yesterday. investors tried to make sense of those fed minutes. stocks initially, though, fell following the release. they rebounded within half an hour, only to fall again. minutes from the last fomc meeting showed almost all the policymakers agreed that a change to the stimulus was not yet appropriate, but some hesitation remained. the yield on the ten-year treasury moved higher and you can look right there, we're now at 2.915. also look at u.s. equity futures this morning, see how things are setting themselves up after that roller coaster day. the dow with green arrows. would open up 11.5 points higher. the s&p 500 up a little over 2 points. let's talk about today's economic test for the market. we'll be getting weekly

scott wapner in for joe kernen. joe back on monday after a nice little vacation.re any more tweeting yesterday going on? >> i didn't see any pictures. >> he was tweeting? >> he was tweeting from his -- the hair was sweeting. >> okay, i got you. >> the hair was tweeting and he responded with a picture of the hair on the beach. >> with a little pick. take a look at the futures this morning. see how things are -- >> the hair looking big? no haircut in a couple of weeks. >> i did notice it looked a little fuller. it may be the humidity too. >> might be a little humidity. >> deadly combination, right? >> but, anyway, dow looks like it would open up about 4 points higher. s&p 500 and nasdaq looking up as well. we're go to be talking to a strategist and economyist in a few minutes and talk about that. first, to some of the morning headlines. one of the big ones is this. a federal bankruptcy judge rejecting a bid by eastman kodak shareholders to set up a committee to represent their interests. now, the judge fears that the loss of financing of shareholders get their say.

. >> joe kernen floated carrot top. you're delusional. you have delusions. >> everyone i know does not believe that he's actually going to do it. therefore the question is, is this the third option? >> if he's a larry acolyte. to me it looks like all along, if the inner sanctum of the obama administration didn't really want summers, the criticism from the left would have been so hard by now, would have been so strident that he'd be gone. i think they really want him. and if they want him, they're not going to just settle and say gee, there's an argument between yellen and -- there's an argument between yellen and summers. you've got to find somebody else. why would you have to settle it that way? that's what i think. why do they have to find a -- oh, no, we can't do yellen or summers. why not? why can't you still do either yell d yellen or summers? >> you could. >> why do you need a third person? oh, there's a feud. between whom? that's what it says right in the article. >> the party about who should be this person. that's why it's got to

brian sullivan is in trying to do his best imitation of joe kernen. a little channeling?man, north at all. no. just because i sit here when the dude is out does not necessarily mean we share the same views. >> well, anyways. >> i wear a jacket. i'm taller. >> you do wear a jack. that's true. >> am i supposed to say more handsome? >> can you if you like. you are perfectly welcome on a mon morning. i'm not feeling so hot. >> we are joins on the set, let's get you up to speed on the day's top stories. a big one a third of the u.s. diplomatic posts temporarily closed due to a serious al qaeda attack have now reopened today, officials extended close years at 15 others through saturday and shut four more. the state department saying this is due to an abundance of caution. we will be watching the market this morning to see how it reacts to this news, millions of time warner cable subscribers, l.a. and dallas, they're without cbs programming this morning. analysts saying this could continue, the two companies appear or don't appear closer to settling a fee dispute. on saturday, d

i'm joe kernen along with andrew ross sorkin and kayla tausche. becky quick is off today.lad that kayla is here and having her here probably has no influence on whether the market goes up and down. >> i'm wearing pink. it's not red. >> it's not green. >> and you said after labor day, andrew. >> only winter white which is more of a beige. we've had a lot of news. target earns 98 cents per share for the second quarter, 2 cents above estimates. the company expect full year profit at the low end of its prior forecast. we have home improvement retailer lowe's returning earnings of 88 cents a share. revenue also topped expectations. it said it raised its full year forecast on a strong housing recovery. u.s. equity futures are in the red, raising a little bit from where they were earlier in the show. the s&p would open about two points to the down side. the dow would open about 9 points to the down side. the nasdaq would be down by just about with five. and hewlett-packard's quarterly reports are due. expecting 86 cents per share. are you a user, an analyst, just an armchair anal

when i first came to cnbc, i remember being on "squawk box" and say carl quint fee ya and joe kernen nia. >> who are you, you little punk. leigh gallagher chimed in on this. i mean, americans, i want to give you the question, should we as average people be concerned about this or is everyone out of the market and so it's not a big deal and it's just the folks here. > >>. >> i think the key phrase is average people. the trading desks were fine. why? because they were getting e-mails explaining what was going on. the pr effort from nasdaq was so pitiful in the minds of most on wall street it was the average joe who was completely in the dark. i'm sort of surprised by the polarity of responses. this headline on "usa today" wall street yawns. the former chairman of the s.e.c. calling this unacceptable, right, cramer, he's going to rant about it later on today on our show, and yet market was up, people are saying if you're an investor why does this matter? >> right. >> nasdaq had a series of glitches, squirrel once brought it down in 1994. some people say we live in a technological age an

scott wapner is sitting in for joe kernen. 100 foot sinkhole has swallowed up a third of a resort outside of disney world. and diana olick joins us now from claremont, florida. good morning. >> good morning, andrew. the message here this morning from the developers, from the general manager of this homeowners area, is that they are open for business this morning and they have more than adequate insurance to cover all this. this despite the incredible scene you're seeing behind me. a 100 foot sinkhole that goes down about two stories, taking out this one building and the resort. this resort has time shares and just being a place for people to come visit for a week or so. we are at the height of the season out here right near orlando and near all the theme parks. what they're telling me is that this building is a total loss, but they're already talking about rebuilding and redeveloping more area. this is a huge area, one of 53 buildings in this entire resort area and they're saying it is just 3% of capacity. that's why the message from the general manager here this morning is, you know, kee

sorkin and brian sullivan in for joe kernen today. why don't we start things off. 5:59 every morning. not early. >> i thought the show starts at 6:00. i looked over and saw the clock and see there, can you show -- >> we're just about to be 6:00 right now. >> there you go. >> now it is 6:00. let's start things off with the markets this morning. andrew mentioned japan. nikkei closing down 4% overnight after u.s. stocks logged their waft day in over a month. among the reasons that were cited, fed fears, you had fed president dennis lockhart and charles evans suggesting the central bank could begin tapering easy money program as early as september. there was some doubts after that lousy jobs report we got last friday. but there is more fed talk today. philadelphia's charles plosser will be speaking at 12:30 on his economic outlook and cleveland's sandro pianalto talking about an hour later on the regional economy. in the meantime, the bank of japan kicked off a two-day meeting today, widely expected to maintain its pledge of increasing mo

. >> is that joe kernen? >> kernen is on vacation. it wouldn't surprise me.over there at getting some eyeballs, though. speaking of eyeballs, we'll keep a very close eye today on some of these retailers. limited was really one of the ones that stood out on the plus side. comps, plus 3%. they were flat in june. in fact, june was the first negative comp from victoria's secret since 2009. that seems to have come back to trend. that's going to be open above 5%, ltd. even other names like elizabeth arden miss messed horribly and arden is saying that one north american retailer, which they do not name, ordered a lot less inventory for the coming quarter. >> oh no, can we look at jcpenney shares? >> that was my thought, too. but they did not name the player. >> wow. would love to see what the department stores are doing. the same-store sales today, so few report anymore but ones that did, it was a soggy. jc went any up a quarter of a percent. not necessarily under pressure. >> if we did know the name of the company that reduced the order was it a reflection of reduc