here is julie hyman. china's decision is rattling market today. theks are down around world, and futures in the u.s. indicate u.s. stocks will be lower at the open as well. commodities also declining. hsbc's senior economic adviser told bloomberg we could see this as a bit of a payback. china is in a difficult position because every other country in the world has devalued against china. julie: emerging-market stocks have some to their lowest levels since 2011. they are now in a bear market, down 22% since hitting a peak last december. the price of oil is bouncing back from lowe's. -- from lows. it has come back a little bit. a little under $44 per barrel. prices are down more than 18% this year. hillary clinton has agreed to turn over the private e-mail server she used while secretary of state. it tos told aides to give the justice department. general electric has sold off another chunk of its finance business. capital one has agreed to buy ge's finance unit, which offers organizations such as nursing hom

julie: what did you think? amy: can i try again? julie: can you try again? garvin: but the joy julie feels at seeing her granddaughter be among the first to enjoy the park is nothing, she says, compared to the joy that comes from knowing that amy is just the first of many. julie: you know, we never know what path we're going to take in life, but i feel like amy and i have a purpose. she's taken me on a journey i would never have traveled without her being part of my life. garvin: spreading happiness is what a peninsula artist is also doing these days, though on a smaller, more whimsical scale. lindsay dealba says she would love to one day find a way to make art more than her hobby. now, to do that, she's going to have to sell a lot of it, which is why what she started doing strikes some people as kind of strange, but for her made perfect sense. garvin: when life gets a little too stressful, a person's lucky to have a happy place to go to, even luckier when, like lindsay dealba, that place is as close as your mom's backyard. lindsay dealba: well, i found art

julie: what did you think? amy: can i try again? julie: can you try again? garvin: but the joy julie feels at seeing her granddaughter be among the first to enjoy the park is nothing, she says, compared to the joy that comes from knowing that amy is just the first of many. julie: you know, we never know what path we're going to take in life, but i feel like amy and i have a purpose. she's taken me on a journey i would never have traveled without her being part of my life. garvin: spreading happiness is what a peninsula artist is also doing these days, though on a smaller, more whimsical scale. lindsay dealba says she would love to one day find a way to make art more than her hobby. now, to do that, she's going to have to sell a lot of it, which is why what she started doing strikes some people as kind of strange, but for her made perfect sense. garvin: when life gets a little too stressful, a person's lucky to have a happy place to go to, even luckier when, like lindsay dealba, that place is as close as your mom's backyard. lindsay dealba: well, i found art

julie did what her husband asked.when she got to the off-base destination, she realized she had been set up, and she knew who was behind it. >> while she was being stabbed to death, julie snodgrass cried out, in english, i hate you, joe. i hate you, joe. >> the circumstances even more vile than if he had taken a knife himself and killed her. you know, the manipulation that took place, the planning that took place. >> apparently, lucy believed that joe would marry her and take her to the united states when his tour of duty was over. they would have lived comfortably on the $400,000 from julie's life insurance. sergeant joe snodgrass was sentenced to life in a military prison without parole. lucy was convicted by a philippine court and sentenced to only one year in prison. her two uncles served similar sentences. the third man involved in the murder has never been found. >> this was the first case where digital evidence and the term forensics were put in the same sentence. computer crime investigation was not a forensic

july, personal income in spending is out in 8:30. the july manufacturing index is due at 10:00 a.m. we've got june construction spending at 10:00. clorox and tyson foods reports results with aig, allstate out at the close. >>> towards the euro exchange we've been referencing the fact that it's the first trading day of august july was positive for all three major indices, and most european markets as well. but are investors a little who complacent? get in touch by e-mail worldwide @cnbc, and we'll get straight to "squawk box." at barrett, the adviser, here marty, thank you for joining us. seven years of extraordinarily loose policy. in fact, 14 or 15 years of pretty loose policy. are we seeing growth rates high enough to justify what equity markets have done in the face of that? >> well certainly here in the u.s., there's great to the stock market that are quite expensive. but with the u.s. economy continuing to grow, we're probably going to see something like 2, 2.5% this year. and interest rates, obviously are exceedingly low. they're historically low, as in like forever. pes can b

alix: let's get to julie wiesenthal -- julie hyman at the news dekes -- news desk.: delivered in the second quarter, tesla has its most important number. the model x suv remains on track for third quarter start and they expect to produce over 12,000 vehicles in the third quarter, meaning that they are going to have to have a block luster fourth order to reach of 55,000. it really puts the pressure on the company. in the meantime, shares coming in at $.19. again, the number was really just the deliveries number. it is a little bit smaller than it had been asked me to, guys. back to you. again,hank you so much julie. putting the onus on the back half of the year. joe: that is all for "what'd you miss?" emily: tesla just out with a quarterly earnings report. what is the company hoping to do to wrap up by the end of the year? ♪ i'm emily chang. this is "bloomberg west." it's a justing like fit. not allwngrades, but investors are listening as apple shares break a front -- five-day losing streak. china

here is julie hyman. julie: thank you, tom. a surprise step to stop its deepest economic slowdown in 25 years. the central bank devalued china's currency. biggest one-day drop since 1994. the move should make it easier for x orders to sell overseas -- for exporters to sell overseas. is praising union the move this morning, saying economic fundamentals should set the devalue. google is selling out its future, and eight is called at-bat, the name of the holding company google is forming. -- company's heart and soul the search engine is being split off from other units. google's cofounder larry page will be alphabet's ceo. pichai will stay at google. sundar: larry and i worked together for many, many years, the goals to divide and conquer, if you will, and i spent a lot of time thinking about the next phase of innovation, and larry works with me on that. julie: the restructures should give investors a better idea of how google's many endeavors are doing, and it could take the way for more spin off and/or acquisitions. greece final

july was not a very kind month for david einhorn.eportedly slumping more than 6% is down now to 9% for the year. einhorn owns physical gold and he called one of his biggest bets in an-n a recent investor letter. miken technology fell 3% and apple dropped 4. >> dan lobe highlights a successful traffic record of talented ceos and inspiring figures like japanese prime minister shinzo abe to encourage that. >>> more to come on "worldwide exchange," wti crude what its worse month since 2008 but prices might be starting to head up. we'll explain why after this short break. thanks for calling angie's list. how may i help you? i heard i could call angie's list if i needed work done around my house at a fair price. you heard right, just tell us what you need done and we'll find a top rated provider to take care of it. so i could get a faulty light switch fixed? yup! or have a guy refinish my floors? absolutely! or send someone out to groom my pookie? pookie's what you call your? my dog. yes, we can do that. real help from real people. come se

and for sales in july rose nearly 5%, the best performance for the company since july, 26 -- july, 2006s of suzuki today in tokyo on word that third point is taking a stake in the company. it is run by the billionaire daniel low. brighten aent could long dispute with volkswagen. otherach have accused the of lack of cooperation. president -- vice president joe biden's son has joined a local action committee that is urging him to run. a few -- few democrats have come forward to challenge hillary clinton, the party's presumptive favorite. one senator does not think biden would bring anything new to the table. i have known joe biden for years and i'm very fond of joe. seeinghink americans are disappearing income and equality, and the citizens united disastrous supreme court decision, they want to go beyond conventional politics. pimm: the death of the vice president's son prompted an outpouring of sympathy for him. he died of brain cancer in may. closing in europe. let's go to hans nichols in athens. hans: markets are closed here in europe, and also here in athens after the first day that t

julie hyman is in the newsroom. julie: disappointing manufacturing data lately. service is doing well, 60.3 was the reading in july. higher than the 56.2 analysts were anticipating. we see the expansion in july, the strongest pace in a decade. along with the trade balance number showing signs of faster growth here. the jump was 4.3 points, the best reading since august 2015 -- that is not right. it is august 2015. presumably since august 2005, since we are saying a decade. not only was it above the average forecast by economists surveyed, it was better than the highest forecast. all major components of this gauge, including orders and employment, did advance. a strong read on the economy. offsetting the adp report that showed that private employment expanded at a smaller amount than had been anticipated. all of this leading to the big economic data point of the week, friday's jobs report. olivia: two different signals, hot and cold on the economy ahead of the september fed meeting. erik: let's see where markets stand. an update for stocks, snapping a trend. apple

we are going to go to julie. julie: thanks, guys.tion killed three years of gains in one shot in china. analyst is here to talk about it. we talked so much about the currency itself, the ruble effect, we did not really talk about the etf story. there is an etf or a couple that track the yuan directly. >> there were multiple ways to play this. etf's wrapped up the different methods. yuan etfm tree china uses derivatives to do hong kong-traded yuan and mainland traded yuan. another way to do it is the market factors etn. this one does three-month currency forwards and tracks it three months out. you cannot get mainland, so they do it using hong kong traded or derivatives. it is an etn to boot. you have the counter risk. the currency shares fund, this one is more like gld. this buys hong kong traded yuan stores them in a bank account at j.p. morgan and you on that shares. best.ne tracks it the julie: for better or for worse. >> that's right. julie: then there are fixed income etf's. that is not a very direct way, but it is one way to tr

we want to get to julie with more.ie: edit looks like these earnings are blowing away estimates, coming in with $.21 per share, eight cents is what analysts had been anticipating. this is the first report from fit bit as a public company. they were trying to figure out what the company would report, but revenue also coming in ahead of estimates at $400 million. $319 million is what was estimated. and the ceo, james park said in , a statement that this is the highest quarterly revenue in the eight-year history of fit bit. that in the quarter there were , new features and services introduced and expanded brand awareness. probably not hurt by the company's ipo. that was on the stock has more june 17. than doubled since that ipo. i also want to talk about the outlook, which is quite notable here. it looks like the company for the full year is predict thing -- predicting revenue of $1.6 billion to $1.7 billion. analysts were looking for $1.4 billion. fit bit is outperforming here. seeing a lot of demand for its products. re

pauls cathedral in london on july 29, 1981. soon to be the princess of wales, "so long as you both shall live." "i will." "diana frances, wilt thou have this man as a wedded husband?" "take thee, charles phillip arthur george" "take thee, phillip charles arthur george. "..to my wedded husband." she exchanged vows with queen elizabeth's eldest and heir to throne, prince charles. nearly a billion viewers around the world... watched a fairytalecome to life...even in the days leading up to the grand event. "the anticipated thousands began gathering around st. paul's cathedral today." "and a radio and television audience representing something like twenty percent of the planet." and television's ability to give those out of reach a nearfirst-hand experience is no better than seen then the royal's treatment. "later in the day, prince charles and lady diana attended a wedding rehearsal in the cathedral. they emerged hand in hand to the cheers of the crowds. at least twice earlier, they had made what was described as their last public

july and since july, it was up about 60%.tting on china to start suffering, you have finally been vindicated. a sense ofetting what traders are working for hedge funds that are trading? if you got out of the euro against the dollar, that has been successful. tack, have been shorting short and health care, you're those money right now, are exciting sectors this year. erik: thank you so much. here are some of the latest headlines at this hour. we're following breaking new -- breaking news out of virginia. two dozen employees, a reporter and photographer, were shot and killed while on air in central virginia. this happened while live on television. in a story onys its website at the incident happened at a shopping enter your police are still searching for the shooter. and under armour vote today. if charter will go forward. suit he doesfiled month ago to stop the changes, saying the board was out of line when the board had endorsed them. over, they for nation's capital city to let uber operate at its airport. asking regulators t

julie hyman? julie: it is time for futures in focus, taking a closer look at oil.s to fall. lower for a third consecutive day. oil closed out july with losses of more than 20%, the largest monthly decline since 2008. my next guest says short oil trade may be getting long. joining me is tom heard -- todd hurwitz. todd, we have seen this enormous downtrend, not only in oil but in other commodities. what are the signs you are looking at that show maybe it is coming to an end? toddl: i think when you take a look at commodities in general we tend to always push the envelope too far. the space is too heavy for the short side. just by the bloomberg index it is down to a low it has not seen since 2001. oil has been extremely volatile coming into this move. a year ago it was $107, went down to $42. here we are at 40 five dollars -- $45. i think you look at this as a building block where we probably will see a bottom, and look for some retracement back to 50. the biggest thing about the space is we always tend to push the envelope too far. i think they have certainly pushed

department will be coming out with in september anyway, that is an update on the one that was released in july. so this allow the planning department the opportunity to actually merge the two reports together, and actually add a number of data points that the community has asked for since the july report has come ut. so i will make the motion to continue to the call of the chair. >> thank you very much, we'll schedule that as soon as possible. without -- so there has been a motion made. without objections -- that is the word i'm looking for without objection this motion passes [ gavel ] . thank you very much. >> public comment? >> that is right. let's make a motion to rescind the vote. >> second. >> thank you. unanimous motion to rescind. open up for public comments on items 7 and 8. anyone who wishes to speak on items 7 and 8 that we're going to continue? okay. all right, seeing no public comment. okay. did you want to make your comment formally? >> my name is george. i recommend continuance in the absence of time. >> thank you very much. is there anyone else who would like to speak on this i

let's go to julie hyman.ake a look at what markets are doing to kick it off. 009, ift two days since 2 we keep it up, that is. that is the question. speaking of volatility, joining me today is scott bauer, the senior markets strategist at teh he cboe in chicago. we have been watching the fix very closely over the past several sessions. we saw and in normal -- enormous spike in volatility and it has come back down. what do you think is next? julie, there is lots of paper both ways here. that is exactly what they said here. the retail paper is trying to feel out what is next. there is a lot of two-way paper going on. lots of called by an, lots of put selling. i do think, overall, if we were to take out six or eight weeks from here, we are going to see vix down below 20. in the next 3-5 days, we may see a spike over 30. there is a lot of two-way paper in this. traders and retail paper trying to feel out what may be the next move. work that was subtle not necessarily down at the 12-13 level, but maybe in the mid

let's go to julie julie: 215,000. that is how many jobs were added last month.gs of 2/10 of 1%. manufacturing jobs the strongest month since january. we also have some revisions higher for june and may. that means we get a net edition of 14,000 jobs through those revisions. the underemployment rate of 10.4%. that is the lowest number since june of 2008. the labor force participation rate, six to 2.6%. -- 62.6%. that is the lowest we have seen -- this report, not seeming to show anything that would deter the fed from its current trajectory. not a stronger than estimates not that much weaker on that headline number. erik: julie, thank you. this is the nonseasonally adjusted number of jobs. youn july is a decline of just over one million. going into this report i was told that if the number was around one million nonseasonally adjusted without would be considered very good by historical standards. >> this is a very solid report. what you're seeing with the seasonally adjusted number reflects what you just said that the unseasonably adjusted number was a good number

july the 1st begins debate on independence. the first thing they'll debate is not the declaration but the idea. they'll start discussing, is this really the best idea for us to do. should we become these free and independent states? most of the men in the room are at that point they're ready to make this step. but there are others that aren't loyal. they'll not have loyalists in the continental congress. they wouldn't want anything to do with it. but they are men that are more conservative saying this may not be such a good idea. john dickinson is probably the most important of them. years earlier, the author of the letters of a pennsylvania farmer, which is again against some of those various taxes and acts, stamp taxes and so on. he's probably one of our best known political writers of the day. he's sort of pulling back saying the idea is how are we going to win a war against the british? this doesn't seem like the best idea to declare our independence because this cuts off any chance of negotiating with the british. others m

this july was the busiest july for deals ever.ght on the acquisition market and for big deals, i want to bring in bloomberg market policy resident expert. let's start by giving them an overall picture. like i said, you have not had a vacation. actually, i did. i managed to get away for a little while. my colleagues here managed to pick up all the facts. it was excellent. basically, no. this summer has been unrelenting and busy. let's start with monsanto and its agenda deal which is kind of not a deal. the very bigone of deals of the summer and one which we tracked closely. monsanto had come in earlier in the year around april and may into --posal for surge sargento. they said there was too much risk. monsanto spent the rest of the summer talking to shareholders and convincing them of the merit. the cap try to push this. you put these two companies together and it makes sense. at the end of last week, they came back with a revised bid at $40 billion. syngenta came around and said we are still interested. pimm: they will do a share

julie hyman is in the newsroom. julie: disappointing manufacturing data lately.well, 60.3 was the reading in july. higher than the

were strong ins july, the best of sales performance for the company since july of 2006.undamentals are in place. if you look at interest rates, they are very low. they had the lowest since last all. 0% offers out there. the fundamentals do not look like they are changing anytime soon. 2016 can be a real good year for the auto industry. betty: july sales were up 7.7%, well ahead of an analyst estimates. american households kept spending in june, capping a stronger quarterly performance in a biggest part of the economy. purchases followed in advance of seven cents of 1% in may. cool from the highest level in five months. fitful progress in the industry. to 53.5 inropped june. readings greater than 50 indicated expansion. order backlogs slumped. rose bytion spending the smallest amount in five below in 20 was estimates. even with the slowdown, construction spending advanced with seasonally adjusted annual rates. just above $1 trillion. and amy schumer is teaming up with chuck schumer to call for tighter gun control. they are unveiling a three-part plan that would make it ha

julie hyman is back to tell us about one dow stock bucking the trend. julie: yes, it is disney.is actually at a record ahead of its earnings. only of about 0.6%. the price target was raised to about $130. optimistic not only on earnings, but the prospect for the "star .ars" reboot "the force awakens" is due out in december. there is already a buy rating on the stock. let's look at tyson foods, one of the worst performers today, down 9.5%. beef margins hurt its earnings. higher cattle prices taking a toll. also, we have some other analyst commentary anticipating earnings , specifically on coach and kors. down.l kors the price target was cut over at piper jaffray. coach was down waited to neutral from overweight. both of these companies have been having issues with slowing sales. you can see the two of them. out performer,n but we are seeing decelerating sales. coach's sales have been down. coach has sort of repeated some of the mistakes orkors has repeated some of the mistakes that they saw coach make, including oversaturation of the marketplace. matt: oversaturation of them all.

[laughter] julie: sorry. good news -- well, we are back to being down as much as we were earlier. we had had a little bit of a bounce back toward 0.5% down and now we are down to about 0.8% down for the major averages. it might be the worst week down since late december. it is a bad week. we can say that pretty clearly. matt: unless you are short. julie: unless you are short. then you are doing well this week. i wanted to take a look at some individual movers. intuit is one of them. they are going to sell units, including quicken, it's home accounting tax service. it is forecasting sales and estimates. trail it is trying to focus more on small businesses and individuals. investors are not happy about this. you guys talked about deere. i wanted to highlight it again. it is seeing its biggest one-day decline in a few years. equipment sales will fall 21% for the year. i want to take a quick look at corn prices. deere is very dependent on what we have seen from corn prices. reach a recordrn back in 2012. as the p

julie. basically when you look at how this market has moved, we saw the bounce off, the moving utility average yesterday, we are stuck in this range. but when you look at the seismic -- how, houthi market the market is moving on a day-to-day basis, we see the s&p better than 1%. i think you can make a case that implied volatility is a little cheap relative to what the market is realizing on a day-to-day basis. and the look at that seismic increase, i have to say, this is more indicative of top of the market than some kind of consolidation pattern. sorry, walk me through exactly why this would be a pop in the market? the increase in volatility expectation. when you see the realized moves on an intraday basis, you see a real increase in volatile. i think the fed is challenged. i am kind of minded of "o where where art thou" they are in the barn and they go, we are in a tight spot. the fed is having a difficult time with the yuan. that is why we will see increased volatility moving forward. jul

alix: julie hyman is standing by. julie: we have seen this selloff happened today. we are not quite at the lows of the session, but we are close to it. the major averages all trending lower. the dow was down more than 400 points. now it is down about 387. it has definitely been steep. we are seeing some flight to safety, folks buying up treasury, buying gold to some extent. behind have the numbers me so i can see them a little more easily. couple of things we have been talking about, a couple of themes throughout the day. we have been talking about the leaders of the year selling off today. i want to show you a chart of apple. close is apple to a correction? it's a correction and then some for apple. take a look at my bloomberg terminal at to these apple shares. we have seen a 19% pullback from the highs of the year. you can see this range we are looking at of 19%. it reached a high back in february and then regained it several times before accelerating declines. that is what has been interesting, not only that we have seen these selloffs, but how quick it has been,

thank you so much, julie hyman. gdp: in japan, the recent -- that gdp in the recent quarter fell, and in two -- ending two quarters of growth. olivia: japan is industry because they are up against some tricky comps. they had a controversial hike in the consumption tax. everyone brought forward spending. perhaps it is teetering out. japan has it worse than china. cory: the numbers are more believable out of japan. --via: samsung electronics shares slumping to a 10-month well. they unveiled two new smartphones last week to challenge the iphone but there is a sense it will not be enough to reverse the five-quarter slump. they are on track to post the third straight year of declines. from your perspective, what is the bigger threat to samsung, apple, or lower-cost competitors? any: samsung is in unfortunate spot where they are trying to compete against both, the valve low-end and high-end -- be told low-end and high-end. 70% to shares are down date. cory: the force is strong at announcing bob iger wars" theme"star park

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 exchange, yes, but they do not trade all the stocks in the country. julie: no, but you kind of need that information. fed, let's get back to the focused on any chance of a decision to hike interest rates out of a meeting in jackson hole. we have been speaking to top voices in the financial world about what the fed should do next. >> you cannot be the great house in a fluid neighborhood and ask -- and ignore the neighborhood, so the fed will look at the rest of the world. the fed will not want to add to financial instability, and i think because of that, the fed will wait until december. >> the fed has the so-called dual mandate price stability. in fact, the functional mandate is that an arsonist and firemen. , butgh its well intended somewhat maladroit actions, to manage and ma

let's go right to julie hyman. julie. julie: thank you, pimm. up on the top of the hour. we had of a -- a bit of a swing in the major averages. they were lower. now they are higher on this relatively light trading day. joining me, a derivatives holdings. at mkm as we get into this lower volume expect --at do you volatility tends to fall in august as well. perspective,ading what do you do during this time? guest: it is worth pointing out we have been in a historically tight range. there is only been five years when the s&p 500 did not decline 5% during that year -- it has only happened once in the last 50 years. it has not happened so far this year. what we have talked about a lot is having concern out into the fall. there's still a more than 50% chance that the fed titans in september, the historical seasonal peak of -- the fed tightens in september. .he historical seasonal peak and cyclically, we are still really on the back in of that run-up to volatility that we had in july. so, the u.s. equity volatility is a little lower. the vix futures is

july 29, 9:30 p.m. at a shell station on am voy road. >> wanted flyers popping up in stores across staten island. plenty of surveillance camera footage to draw images from it. because of the way the man is dressed. and it is difficult getting a detailed description. >> it is going to be hard to get somebody to work here. nobody wants to work with this. people come to work to do their job and go home. >> so far, the very busy armed robber has not hurt anyone. not yet. in annandale staten island, dave carlin, cbs 2 news. >>> verizon workers in nine states could walk off the job today. a contract covering 39,000 workers including employees here in the tri-state area expired at midnight. the union says the telecom giant is demanding that workers sharply increase their health care contributions and make concessions on pensions. verizon has called the union's proposal unrealistic and out of touch in today's marketplace. >>> well, cbs 2 has learned more about the intense security plans for the pope's visit in

but what is standing out, julie? julie: the company is cutting its forecast.he company has singh has seen 55,000 deliveries of its yet to be introduced suv and now they say that it is a range of vehicles. the company says that they are still on track to introduce that at the end of the third quarter, but for the quarter that just reported -- the second quarter -- 11532 -- they said the third order should be 12,000. they are again cutting the forecast. delivery is what people have been focusing on for tesla. both the question of how many cars they can produce and the actual demand out there. now i'm seeing that second-quarter production was 12,870 vehicles. that was the production. the delivery was just over 11000. company losses coming in smaller than estimated, but again it's about delivery that's important. the shares are down. they have been gyrating a bit. down in the after-hours after gyrating year to date. emily: model s production, they are saying that those challenges could slow down things for the model x. eric, what is the significance of this? eric:

july penny home sales, they are out. hi, julie. pending home sales with an increase of half of one percent. that's less by half than what analysts had anticipated. still again represents a rebound from revised 1.7% drop. the prior month in june.

julie hyman has the latest. julie: carl icahn is taking a stake in freeport. what an incredible day for this company. he is reporting a stake of 6.5%. it looks like he is seeking representation. he may seek board representation. ahn says he will discuss the company's high-cost operations and he may discuss the size and composition of the board of the company. as of august 26, he had's not company. with that wife is important? they had their best day's performance ever, so that is something to consider. i am not sure we have any charts or how thet-mcmoran stock has been doing -- apparently we do not. let me call up a chart of what this stopped did today. take a look at my bloomberg. the stock was up 29% today, and record one-day again. here you have it. freeport-mcmoran copper & gold. the company was cutting s, it said today. it is far outpacing declines we have seen in copper and gold. alix: good stuff, julie. i should point out that carl icahn also took a stake in an lng export terminal. joe: commodities. alix: totally. when we come back, the biggest offlows

maria: coming up next, the july jobs report.stewart signs off as host of "the daily show" after 16 seasons. >> nothing ends. it is just a continuation. a positive conversation. rather than saying good i work at night, i'm just going to say i'm going to go get a drink and i'm sure i will see you guys before i leave. so that is our show. i thank you so much for the privilege of being able to perform it for you, the privilege of being able to do it and so here it is, my moment has ended. maria: welcome back. i want to share this special section this weekend's barron's magazine. the special section and come hunters that is looking for funds and investment ideas that pay investors income. jack otter, added her parents.com. what is the story? >> readers are desperate for income. since 1981, it is vignetting straight down more or less. over 30 years. at this point or movie or on the verge of a fed hike. what do you do? bonds are yielding nothing. the partnership is very popular within come hunters. as oil has plummeted, the value has g

julie: ok.ent plan yesterday, which spurred an increase in the stock am a softbank is raising its stake. $73 million is what it bought in stock. they would cap the level at 85%. softbank buying the shares is helping spur the stock higher this morning. the memory chip sector is being downgraded over bank of america. there are stocks eligible for downgrade. are spendingicron too much money. they lacked discipline on their capital expenditures and that is bad news. urban outfitters, let's talk about this one. earnings-per-share beating estimates, but that was largely the effect of buybacks. comparable sales up by 4%. anthropologie really missed estimates. there was an assortment problem and anthropologie. people did not want to buy the stuff they were offering. [laughter] walmart, home depot, tjx. let's take a look at the winners and losers. the chairman of thinning cow -- finaco. when you look at issues like that, like the wrong stuff for sale, i feel like that is the hardest thing to get right wh

we will take you out to julie hyman. julie: i am on earnings watch again, media earnings in particular and entertainment to be more specific. disney reports after the bell that the shares have done. well this year. shares have rallied 30% of trading, if not at thing close to a record. interested to hear latest thoughts on is pain availability over the top services. we will also be looking about any kind of forecast related to the coming "star wars" film coming out in december. we are looking at dreamworks another film house to watch. they had good numbers from the latest but overall, they have been struggling to find hit movies. they have been looking to diapers by the business. at 30% gain in disney is only about 7% for dreamworks. erik: is it true that dreamworks last week it was "shrek?" julie: it depends on what they is because "home" did relatively well. "shrek" may be thing they are most known for. erik: thank you. stephanie: i will take you to london for number four. a london jury convicted tom hayes yesterday of

julie: exactly.t is weighing on it to some extent, although the apple bowls are shrugging off the china tech -- the apple bulls are shrugging off the china tech, saying it will not have that much impact on sales. if you are a regular person in china holdings stock and the value is less, will that have an impact on your buying decisions? matt: let me take you to twitter for a moment. i know you were watching this very closely yesterday as it fell below the ipo price. there is a story on the terminal -- maybe it is a takeover target now. julie: alex sherman, who wrote the story, is very careful to point out there is no indication the company is shopping around. is takingion anyone nibbles here, trying to figure out if twitter is for sale. when you think about the potential buyers of twitter, google, facebook, it would be an enormous acquisition. not really.gh, if you bought it all right. $19 billion, the same as whatsapp. that is the same that facebook paid for whatsapp. julie: they would be paying a p

julie has more.: we had this overall rally today though we had some companies out with earnings in the retail sector. let's start with express. they are out with comparable sales that rose by 7%, more than twice what analysts indicated. it is also raising its forecast for the full year for comparable cop sales -- comp sales. the stock is trading at its highest since december 2013. abercrombie & fitch without a permanent ceo following the departure of mike jeffries in december. however, 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

congress is back meeting here in july. and on july 9th, they are ready to sign the articles of confederation. the way the signing of that one works is different. the declaration of independence is signed by the delegates and most of them signed it on the same day. the articles of confederation is signed as each state approves it. their delegates will sign it. they are waiting for their -- the states to make their decision. half sign the first day and over the next week, most of the rest will sign. now ultimately, one state, maryland, will hold out for close to two years. so the signing will begin july 9th and won't finish until march the 1st of 1781. two and a half years. for most of that time, it's maryland by itself saying no. technically this cannot go into effect until all 13 states have agreed and signed. maryland is feuding with mainly virginia, their neighbors, over land to the west. when the revolutionary war comes to an end we go from our old colonial boundaries which would be about the appalachian mountains, alth

prices in the united states climbed that of sewer pace in july -- at a slower pace in july. it was .2 of 1%. it may be on it's last legs because of falling energy prices. betty: factory production rose more than economists forecasted in july and record automobile assembly. theincrease of .8 of 1% was biggest since november and total industrial output climbed .6 of 1% as oil drilling rose for the first time since september. jcpenney posted a second-quarter loss that was smaller than what estimated. so for a boosted sales 2.7% and jcpenney is in the third year of a turnaround after changes that drove customers away. stock is up 25% this year. pimm: news from london about the accused crash/trader. he has been held for nearly four months and a judge changed the terms of the $7.8 million they'll -- they'll. -- bail. those are your top stories at noon. isty: coming up, bill gross back in business. the bond king readjusts his strategy and recouped some of his launches -- losses at janus capital. pimm: cash is king such as a jpmorgan's daniel print of who took him a $7.4 million sal

july final euro zone composite at 53.9. services number coming in at 54 versus the forecast of 53.8. we have been hearing from various countries across the euro zone. mixed data so far. that service is coming in at 53.8 while in italy their services sector is slowing down in the month of july. french services manufacturing activity in july hitting a three month low. what does this mean for the currency market? well, you can see the euro trading at 108 against the u.s. dollar. down just slightly at around 10862. let's get a look at european markets. >> yes now yesterday european markets were only slightly negative and then we had quite a big sell off in the u.s. some people expected we would have a following sell off today in european equity markets. that has not happened. the stoxx 600 up strongly. largely because of a descent set of earnings results coming up this morning as opposed to the pmi which have been largely in line. ftse 100 up 0.4%. that's being lead by the mining sector. they said it was a reluctant upgrade bec

[inaudible conversations] >> julie, julie, he's allowed to evolve.ons] >> reagan was a democrat who became a conservative, and this is one of our greatest presidents. trump's allowed to -- democrats are not the only ones allowed to evolve on issue whether it be obama on gay marriage -- >> i do agree with julie, and i do agree in the one sense that he has come out on some things and it doesn't matter because he's actually driving -- >> all right. and we're doing what he wants right now. hadn't heard that, though, about how hillary clinton got a breather this weekend because of donald trump. that's interesting. >>> did he really just say that? the shocking advice from one of the nfl's biggest stars to rookies on how they should stay out of trouble. this can't be good. it raises the question once again after a year of bad headlines, does the nfl get it? ♪ ♪ my psoriatic arthritis i'm caused joint pain.o golfer. just like my moderate to severe rheumatoid arthritis. and i was worried about joint damage. my doctor said joint pain from ra can be a sign of e

julie? >> kasey steagall, thank you. meteorologist janis dean and i were on the air together as hurricane katrina devastated the gulf coast. that was ten years ago. >> yes, i'll never forget it. we were just here watching. >> yes. >> and imagining what the people there were going through. >> at the time you and i were on, it was the strongest in its life span. it was a category 5 with 160 mile-per-hour sustained winds. it took up the gulf of mexico. people ask me what comes to mind when you think of being a forecaster for over ten years, what's the worst storm you've ever covered? katrina. >> it is the perfect storm. >> it was. >> it was the perfect storm. >> because of the sea level and a lot of new orleans is below sea level. we all read about it being a bowl, the storm surge was going to come over and fill up the bowl which was new orleans. we have to stress not only was new orleans affected but parts of alabama and mississippi, parts of those areas were completely devastated with a recor