and kayla tausche is in bedford, new hampshire with that story. kayla?nk in new hampshire is a little bit different than the unicorns we normally cover here on "squawk alley," it's the kind that is virtually nonexistent. it didn't always have to be that way. since 1980, commercial banks used to spring up left and right to service small businesses. on average more than 100 each year. since the post-crisis era, there haven't been any, except for a rural pennsylvania bank that services farm loans for the amish community but not so here for new bedford, new hampshire, primary bank the the found certificate restauranteur. but after his bad experience with his bank as well as a lot of other people in his community. they banded together, decided to start their own and found overwhelming support from this community and from washington. >> the regulators were excited with the vision that i gave them. and the vision gave them was this would be a grassroots effort. it was going to be five or ten of us. but i was hoping to get 50 people to come together that surpris

back to you. >> kayla tausche, thank you.or more on microsoft let's bring back fbr capital markets' dan ives. you're a pretty busy guy today toggling between the two calls. but in terms of microsoft do you agree with nadella's assertion that windows 10 could actually be sort of the holy grail for the company? >> yeah, there's a renaissance of growth going on. nadella's really trying to shift this toward the cloud. now you finally have that product cycle with win 10. i think this is a knee-jerk reaction that we're seeing on the quarter, a slight beat on top, slight beat on bottom. now as we go into next year you can see multiple expanding on the optimism on windows 10. and on large cap tech this is the only guy relative to ibm, emc, the large cap traditional tech players, that successfully move into the cloud. i view this as a step in the right direction. i think this will be short-lived with optimism. nadella's definitely striking a positive tone on the call. >> i'll let you hop back on to either apple or microsoft, dan. your

that's your second half banking outlook for "nightly busine" i'm kayla tausche. >>> coming up, we've taken a look at expectations for the economy and the markets. but which sectors will shy? >>> the first half of this year was not as strong for home sales as expected. instead, it was a banner half for renting. he diana olick with some answers. hers what to watch for in the housing sector in the second half of this year. it is all about prices. for both buying and renting. home prices are still rising but at a slower pace than this time last year. not the case for rent which is at record highs in some markets as demands far outpace the supply. we're seeing more multifamily construc and delivery of those units but occupancy is at an all-time high despite predicti more renters would turn into buyers. the key for buyers is two-fold. first, the mortgage market. rates are expected to rise slightly and new rules for lenders going io effect in the second half of this year could stem access to credit. second, sug s are rising but at a far slower pace than demand. builders are trying to hold o

cnbc contributor carol roth our own kayla tausche, and for more on today's trading action "fast moneyuy adami. hopes of a deal for greece. was that what drove the action? or the better economic data in the u.s.? >> both of those things, sara. don't play coy with me. >> bill! >> i just wanted your expertise. >> saying which one do you care about more, i guess, at this point? >> greece will get resolved because the -- they will take whatever sides will take the coward's way out because that's what people do historically. i think the economic data was better, yes, but you can make economic data look whatever you want it to look like. depending on your dogma. if you're bullish, looks great. if you're bearish, you'll point to auto sales. i'm of the belief it's of a mixed bag. the reason why, i think, the greek thing gets resolved in any way you want it to get resolved is because the bond market is telling you so. we saw the huge move to the upside on monday. yields spiked lower. and over the last two days, given it all back. the bond market is telling you that something's going to come to

kayla tausche. i feel like it's deju vu all over again.into the close. >> it seems like deju vu. we've seen this every friday every last day of the month since november. dow is down 153 points. all major averages lurking near the lows of the session. dow, s&p and nasdaq on track for a four-day losing streak. russell down 1.5%. we'll keep our eye on this as we head into the last hour of trade. >> amazing to look at the carnage in sectors like materials, energy. freeport-mcmoran down another 10% in the session. regeneron halted for trade. the fda approved its cholesterol drug. soon as that stock reopens for trade, we'll bring you that here on cnbc. tonight on "fast money" at 5:00 i interviewed an astronaut in space. in space. >> how did that work? >> you'll see at 5:00. >> thanks for having me. i'll tune in. that will do it for us on "power lunch." >> "closing bell" starts right now. >>> welcome to "closing bell." i'm michelle caruso cabrera in for kelly evans. >> i'm tyler mathisen in for bill griffeth. >> stocks are falling. dow looking to

jon fortt is out today but kayla tausche is here. the dow is down about triple digits. select companies are driving whatever gains we have in the nasdaq composite this year. six companies, amazon, google, apple and gillian account for more than half of the $64 billion in value added to the nasdaq composite in 2015. the concentrated gain in a few stocks is boosting concerns of dwindling leadership, a market top, some say. the nasdaq itself is up about 7% so far this year. and i think if you take out amazon and google, john, even the s&p is negative year to date. people say classic sign of an aging bull market. is that legit? >> certainly a ton of consolidation and that's reason for concern in a business that is concerned. you'd rather have more diversification of broadening. i'm not sure if it's a causation or a warning sign. i'm not ready to show impending doom yet. >> jim cramer, of course, coining the acronym f.a.n.g., we're going to add another "a" so it's faang. there's so much value concentrated in a few other names. it signals to him there's nothing else people wa

and kayla tausche here at post 9. obviously a start with apple.e off of their lows, still down after iphone shipments and guidance disappointed last night. our own josh lipton talked to ceo tim cook just before the conference call and josh joins us in san francisco as well with more. good morning, carl. we're firing on all cylinders, that's how ceo tim cook described apple's performance to me in an interview cook told me that the iphone continues to perform strongly, it is a runaway success, he said. apple shipped nearly 48 million units in the quarter. but that was a disappointment. at least relative to expectations. although analysts at morgan stanley argue this was a function of management taking a more conservative approach to channel inventory. cook was quick to mention the watch, which he said beat expectations. the sell-through he said was higher than ipad units at launch. which wells fargo points out was 3.3 million units, the watch will be a top gift during the holidays and he had this to say about the watch. >> a major highlight over the

joining us the ceo of "the daily mail" north america and john ford and kayla tausche here.back. >> good to be back. >> happy monday. >>> first the markets. we are in rally mode all morning, all major averages are now positive and the dow is up about 195 points. of course climbing on the back of that greek debt deal overnight. there are four big-name companies all trading at all-time highs. among them facebook and amazon. facebook and amazon up about 2.4%. you see disney and comcast up by about 1%. some news involving our parent company, comcast, we'll get to later on. the question we're asking right now is will the markets continue to stay in positive territory? and chief global investment strategist at charles schwab, it's good to see you this morning. >> thanks for having me on this morning, kayla. >> the conversation last week was about how tiny the greek economy was in the grand scheme of things and now it is this greek debt deal, this greek agreement to agree with europe that has pushed us into such remarkable, positive territory. what do you make of this? >> well, whi

joining us today, kara swisher, the co-executive editor of re/code, and kayla tausche.d morning, guys, we want to show awe brief shot of the u.s. women's national soccer team celebrating their world cup championship with a parade in new york city today. they're traveling down the famous canyon of heroes. in lower manhattan. the first time that a woman's sports team has received a ride down that canyon of heroes. of course follows their 5-2 victory over japan on sunday. securing the third world cup title for this country. >> i grew up with the '99 world cup team. everybody idolized mia hamm, i think the ratings also, the highest-rated sporting event. >> for any soccer game in this country, ever. which is just mind-blowing. >> dow up 181, our open strong. let's start with kara and talk about apple shares rebounding, from hitting the correction level yesterday, hitting their 200-day moving average for the first time in almost two years. concerns obviously in this case about growth in china, jon fortt. their second largest market now. >> that's a reason to be concerned beca

jon fortt, kayla tausche, with a lot to work with netflix, another all-time high this morning after thepany reported strong q 2 results, including the addition of $3.3 million subs, the 7 for 1 split taking effect after the bell. reed hastings talked about the stock on the company's earnings webcast, take a listen. >> when the stock was half this price i described it as euphoric. so it's a mystery to me. and you know, what we focus on is how to get incredible content, stream is beautifully. market it in every country. grow the member base and i think i'm out of the stock commentary business. >> unbelievable metrics today. going into 200 countries, spending $5 billion on content. easily doubling for the year. doubling and then some. >> i think some of the most interesting commentary was around pricing. how it sounds like he doesn't want to disrupt this momentum he's got by raising pries in the traditional way too soon. doesn't want to charge people for what they're already getting, but wants to tease them into higher tiers of higher definition. >> cramer seems to be describing the compan

here for the hour is our own david faber and here as always, kayla tausche. let's start off talking facebook. the ceo mark zuckerberg addressing twitter ceo situation in a response to a question about facebook from omalik. stuck writing if you have control of the company like i do at facebook, it's difficult for investors to fire you. this means you don't need to worry about losing your job over a couple of bad quarters or a controversial shortterm decision. he also said it's easier to retain employees, it's easier to get the trust of your team when you make controversial decisions. jon, when did you think when you saw that? >> this is a follow-up to the conversation yesterday, dick costo costolo's comments about being a public company putting you on the 90-day cadence. you know ultimately the trend is to stay private so long, don't go public and deal with the public markets, i think it creates a tremendous disjuncture in the economy. the growth won't be available to individual investors, the private valuations with preferences on top outstrip what the compan

joining us here, jon fortt, and kayla tausche has the day off.lose out a remarkable week for earnings, and especially tech. shares at google for instance, at a new high today. after that stellar earnings report last night. the company smashing records, toppling apple's mark for the biggest market cap gain on earnings. google credited strong performance in mobile and in youtube for the big quarter. but it's this increasing focus on cost control that's getting a lot of the attention. the new cfo, ruth porat, formerly with morgan stanley talked about it on the call last night. >> the priority is revenue growth, but pursuing revenue growth is not inconsistent with expense management. we're just starting the 2016 budgeting process. in my experience the best way to slow the rate of growth and expenses is to work closely with business leaders anchored in data. so together we can identify ways to prioritize resources and really continue to extend the discipline that we've talked about. >> kara, we got fort's take on porat earlier in the show. he called h

joining us jon fortt and kayla tausche. if jon won the masters with the coat. >> not only did i get the green jacket, i snagged the pants, too. >> first up, it appears that this week analysts are starting to shy away from potential, highlighting what works and dumping what does not. bernstein downgrading intel today to underperform. pointing to weakness in the data center business and at the same time goldman reiterating the buy on netflix, raising its target to 780. said the company is set to represent pli indicate its success around the world in two years. and amazon up to buy due to strong growth from amazon prime and facebook. becomes the fastest company in the s&p to top a quarter trillion-dollar market cap, beating google by about five years. >> how the sell side is saying we're going to give up on some and start chasing some others. >> what makes me scratch my head about this, amazon is pretty much at all-time highs. netflix just about there, too. so that suggests to me heading into the earnings season where people a

i'm joe kernen along with kayla tausche and scott wapner.touching a five-week low as eurozone leaders hold a summit. and we are monitoring developments there. michelle's over there. we're getting great reports from her. at the bottom of the hour we'll hear from billionaire investor wilbur ross who is quick to acknowledge that that was a misstep that he and his colleagues made that was made with investment into that greek. i thought there would be a 70% yes vote which shows you what i know on sunday. >> so did half of wall street. >> that's what i mean. and i just decided that it's impossible that we can't sort of foist our democracy in the middle east and they think yeah you're doing it right. we can't do it with economics either. now i understand how someone as smart as wilbur ross probably thought they were going to win. then they elect a socialist and give him carte blanche with the no vote. we'll ask wilbur about that. >> question is do they know what they were voting for. >> do we even know now? >> a lot of the people we talked to yeste

joining us as always jon fortt and kayla tausche.e topics we were going to discuss at the top was apple and the fact that apple watch sales according to some third party studies are coming down. as we're speaking getting flashes on dow jones regarding the new iphone. apple preparing a record number of new iphones dow jones says, an initial run would be a record adding force touch technology to two new models, new color and considering adding a third assembler in order to meet demand. people have long talked about that cycle peaking. these headlines would suggest apple thinks otherwise. >> yeah, but you got to look at this in the context of the warning from samsung that we got earlier on in the week. part of the issue there was samsung miscalculated the number of galaxy x6s versus s 6 edges that were going to be in demand. tim cook, apple's ceo is a logistics specialist and clearly they can see their supply chain and demand better than most because they have the apple stores, if, indeed, they're preparing more iphones than usual it's

let's send it turnover to kayla tausche for more. >> the big news in the tech world is the parade ofg to get after the bell. microsoft, yahoo and of course apple. we will have all that you need to watch for. and we'll have discussions on those names. plus the co-founder of lyft john zimmer will talk to jon fortt about the cap of on-demand taxis in new york city and the exclusive interview with the new ceo of hulu. his first time speaking to media in years. ♪ ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. push your enterprise and you can move the world. but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderl

kayla tausche waiting on microsoft.n yahoo, dom chu gopro and josh lipton will bring the apple numbers from headquarters in cupertino. >> we'll sing show tunes until they come out. >> apple will be the biggest in terms of setting the tone. >> apple and microsoft are big bellwether names. today was about those earnings. you mentioned it was ibm verizon. it was a bad day for earnings. that can change in a heart beat. if we get a good number from apple or microsoft or the next couple of days there are tons of companies to report. see what the companies have to say. >> we've got a lot of market movers. we talk about how earnings become a secondary indicator of the markets. everyone looking at what the fed is saying in news. these are earnings you want to watch because their stock tends to move depending how results come in. apple, microsoft and chipotle. >> today was a bad batch. before this we were talking about how great the numbers were out of google netflix. see how the numbers look today. >> it's going to be interestin

jon fortt, kayla tausche, with a lot to work with netflix, another all-time high this morning

. >>> kayla tausche, what's coming up on "squawk alley"? >> we're watching the steep sell-off.tching companies down because of that. what you need to know. we'll tell but the forthcoming square ipo. what that means for that company as well as whether that forces twitter's hands to pick a new ceo. and speaking of twitter, we'll walk you up to earnings from twitter and facebook. those are happening this week. and all that have is up ahead on "squawk alley." i thought you said you were gonna test drive this buick first. i am test driving it. for 24 hours. where's the salesperson? at the dealership. nice buick! i guess that test-drive last night went well. actually, i'm still on it. you know, we're test-driving this buick for 24 hours, right?. yeah. so what are you doing? test-washing it. okay, well let me know when you're done, i'm gonna take it test-shopping. introducing the buick 24-hours of happiness test-drive. it's on your terms and a better way to take a test drive. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80%

joining us jon fortt and kayla tausche.s with the coat. >> not only did i get the green jacket, i snagged the pants, too. >> first up, it appears that this week analysts are starting to shy away from potential, highlighting what works and dumping what does not. bernstein downgrading intel

kayla tausche joins us. we have stephanie link and tim seymour. do you think of the action today? are people running in place until we have clarity about greece on sunday? >> it's a holiday-shortened week and then this mixed report on the jobs report. the headline was okay solid. in line with what we've been seeing over the last several months at 223,000 jobs. underneath the surface, there were enough doubts in terms of negative revisions and limited wage growth people are wondering when the fed is going to lift off. i thought there were enough encouraging signs in addition to other economic activity that they can lift off in september. it really remains to be the biggest question. >> what did you think about the response to the jobs number today? >> with the adp number yesterday coming in stronger and four out of the last five months missed to the down side people thought this could be something to counter greece put more pressure on the dollar. the dix has been running into resistance. is the trend line you draw down from the highs. what it mean

joining us the ceo of "the daily mail" north america and john ford and kayla tausche here.y. >>> first the markets. we are in rally mode all morning, all major averages are now positive and the dow is up about 195 points. of course climbing on the back of that greek debt deal overnight. there are four big-name companies all trading at all-time highs. among them facebook and amazon. facebook and amazon up

we have evan newmark and kayla tausche. "fast money" trader guy adami.at is your sense of what the problem is this week? >> by the way, ridiculously outstanding job during your tenure in greece. it was amazing work by you. >> thank you. >> crude oil, mcc. it's been cut more than half in the last seven, eight months. look at freeport-mcmoran. it's at a six or seven-year low. u.s. steel is within a whisper of a 15-year low. you can't discount the fact that commodities across the world are getting crushed. what does that mean? i think it means deflation has been a problem all along. evan would disagree. you have this stealth rally in the bond market. ten year right at support in terms of yield at 2.25%. you have cross currency right now. >> guy is right. when we talk about the way commodities are getting crushed, we've been asking for more than a week. are they telling us something about the overall global economy and about the stock market? >> they are. the question is what are they telling us? if you are a contrarian i tend to look at these moments as buy

here for the hour is our own david faber and here as always kayla tausche.king facebook. the ceo mark zuckerberg addressing twitter c

joining us as always jon fortt and kayla tausche. going to discuss at the top was apple and the fact that apple watch sales according to some third party studies are coming down. as we're speaking getting flashes on dow jones regarding the new iphone. apple preparing a r

joining our panel today, we have cnbc contributor in the house, our own kayla tausche and christine shortasso in a moment. welcome to everybody. carol, what do you make of this market? >> i think there's actually a lot of strength behind the market. if you think about all the various events that we have taken in over the last couple of weeks yellen talking today. i mean, it says to me there's strength in support. you know i believe that is probably for the wrong reasons, not for the right reasons. my take away from what yellen said today is maybe december probably next year. but i think that the market is showing us that it has resiliency. >> i think a lot of the market moved on comments of john gunlack. when he said i think that janet yellen is basically pleasing the people. saying a rate hike is still possible for 2015. he says he doesn't think it's on the table. if you came down from mars and look add the the economy we were in you would ask if the fed would be easing instead of tightening. it's a quandary that she's in. but she seems to be holding a rather hawkish tone. at least for n

and josh lipton on apple and kayla tausche on microsoft.you get to go first. >> the thing everyone will be watching is earnings numbers for yahoo! earnings per share expected to drop 50% on revenue that's protected to come in just a hair ball the year-ago quarter. perhaps even more important than that top and bottom line number is the update on the alibaba spinoff and the likelihood that yahoo! will have to pay taxes. the third key topic to watch is whether yahoo! can maintain 50% plus growth so what has been called the company's mavens. these are the key areas where yahoo! is committed to growth. mobile, video, native and social and, of course tyler, with yahoo! shares down 20% year to date and on the heels of google delivering a huge beat on earnings which sent google shares skyrocketing, the pressure is on for yahoo! to deliver. back over to you. >> and we will find out after the ball. apple also reporting after the bell. josh lipton, what are investors looking for there? >> well tyler, really three things to watch for apple. one, apple

kayla tausche joins us with details. >> that conference call is just about to get underway.s have actually been moving lower after being up as much as 2% on the earnings beat. that's because as people are working they way through this le release, it's apparent the beat is due to expense cuts. expenses were down more than 6% in the quarter as well as a lower effective tax rate for the company. that came down as well. if you want to look for growth it's hard to come by at jpmorgan. up slightly. and asset management. but those are two of the smaller units at jpmorgan. the bigger pillars, consumer banking, that revenue is down 4.5% largely due to mortgage banking. and that was due to lower fixed income trading. now, jpmorgan cfo were talking about some of the volatility that led to that trading performance citing among other things a bond selloff in europe the middle east, and africa. volatility in greece, and uncertainty in china. speaking more specifically about some of those political flash points jamie dimon saying the european union is trying to instill some discipline in g

i'm joe kernen along with kelly ef evans and kayla tausche. the shanghai closed up 4.5%.equities also rising. as you have heard by now if you were on twitter or watching us greece did submit a reform for bailout proposal. american equity futures are up now 181 points. closed up only 30 as so many days when the initial news seems positive and then you start hearing second guessing all through the session. we'll see what happens today. >> we've got a lot priced in now. >> and i've got the kick the can tie on. >> they've risen since earlier in the morning though. so there seems to be a lot of hope at least into the futures market right now. for more on the events moving global markets, cnbc's reporters are spanning the globe this morning or this afternoon depending on where you are. michelle caruso-cabrera is on the ground in athens. steve leisman in frankfurt covering the german reaction to the proposal. and on the asian markets, adam is standing by in singapore. let's start with michelle in athens. >> the new proposal we've had time to go over it. it is extremely similar t

last week we talked about kayla, tausche went friday night. i don't have a niece. and i go well then why -- why -- so she had to admit she is going. >> no shame. >> no shape the next night, kayla tweeted this she went from taylor swift to the rinkly rockers, the stones. she traveled somewhere to see the stones. i can't remember what she told me buffalo. so cool. >> wow. >> entire spectrum. >> and then you know hime? >> i don't know if i do either. >> on "saturday night live" these three girls from l.a. play guitars, they came on before taylor were -- i have been a fan for a while, but they were -- they were awesome. >> i saw you tweeting them. >> maybe the -- >> i didn't know enough of "1989" to appreciate. she is really good writes all of her songs acre mazingly talented, the pop star current pop star of -- >> not just pop star she is the business leader. >> i don't know how much -- >> apple changed their mind. >> available on the apple music service. >> i don't know how much this tour is going to bring in talking tens of millions. >>> coming