i am betty liu betty liu.osting second-quarter profit that beat wall street says itions, the number added more members in government insurance programs. agree to bitetna humana with expands -- with plans to expand. on "bloomberg be market day." c narrowedvs their forecast in the secondwed quarter. then you forecast overshadowed the second quarter profit report, excluding one-time items and earnings came in two cents above the average of analysts. the company is dropping tries his erectile dysfunction medication from the coverage for drug insurance benefits. before genericrs competition kicks in starting january 1. instead andcoverage they will continue to cover viagra and cialis in 2016. now you know. that is a look at the top stories at this hour. as we have been reporting, another acquisition headline in the drug sector. dublin-based shire made in unsolicited $30 billion offer for baxalta that could create a drug giant and make shire hefty enough to fend off a potential takeover. this comes off after so many

here is betty liu with cgi president and founder bill clinton.ty: tell me the commitment you think will have the biggest impact that has been made so far at cgi america. mr. clinton: diverse people have a chance to grow with our partnership. some of them that are really exciting are those who have a chance to grow. there was a a fascinating commitment involving financial institutions putting in developmental funds to bring clean energy jobs to native americans. they are still the poorest group of americans. the native americans who live on tribal land who don't have casinos. that has gotten a chance to really blow up. there are several like that. the biggest one in terms of dollars and jobs by far is the continuation of the original $10 billion for the american federation of teachers, infrastructure. to retrofit buildings. the first $5.6 billion of this commitment had been deployed and spent. they created 50,000 jobs. that's a lot of jobs. betty: mr. president, what happens to the foundation's work? the great work you have done -- you mentioned m

bill clinton addressed these questions head with bloombergs betty liu. betty: i want to get to some of the commitments you are excited to talk about today, that i also want to talk about some of the topics that have overshadowed some of the good work that cgi has done. you have something like 200,000 plus sponsors that have supported cgi since 2001. a few of them have begun to reassess their sponsorship of the clinton global initiative. exxon mobil said they will not sponsor you this year. is this because of the funding controversy? mr. clinton: i think they don't want to be involved in politics. they don't think we were ever political. there has never been a foundation with a more prominent political person involved. i have had george and laura bush here, mitt romney, john mccain and sarah palin came. rupert murdoch and his son and his foundation giving money to us along with mayor bloomberg. we just solve problems. there are people who just don't like bad press, and you cannot be involved in american politics without somebody attacking you, and i think

here is betty liu with cgi president and founder bill clinton.ty: tell me the commitment you think will have the biggest impact that has been made so far at cgi america. mr. clinton: more than 90% of them now represent partnership, that have a people chance to grow with our partnership. some of them that are really exciting are those who have a chance to grow. there was a fascinating commitment involving financial institutions putting in developmental funds to bring clean energy jobs to native americans. they are still the poorest group of americans. the native americans who live on tribal land who don't have casinos. that has got a chance to really blow up. there are several like that. the biggest one in terms of dollars and jobs by far is the continuation of the original $10 billion commitment for the american federation of teachers, infrastructure. afl-cio to retrofit buildings. the first $5.6 billion of this commitment had been deployed and spent. they created 50,000 jobs. that's a lot of jobs. betty: mr. president, what happens to the founda

here is betty liu with cgi president and founder bill clinton.ty: tell me the commitment you think will have the biggest impact that has been made so far at cgi america. mr. clinton: diverse people have a chance to grow with our partnership. some of them that are really exciting are those who have a chance to grow. there was a a fascinating commitment involving financial institutions putting in developmental funds to bring clean energy jobs to native americans. they are still the poorest group of americans. the native americans who live on tribal land who don't have casinos. that has gotten a chance to really blow up. there are several like that. the biggest one in terms of dollars and jobs by far is the continuation of the original $10 billion for the american federation of teachers, infrastructure. to retrofit buildings. the first $5.6 billion of this commitment had been deployed and spent. they created 50,000 jobs. that's a lot of jobs. betty: mr. president, what happens to the foundation's work? the great work you have done -- you mentioned m

in love. >> oh my, looks so familiar. >> liu's got more to celebrate. home to her series "elementary" and "person of interest" part of the prime crime line-up later this month. >>> justin bieber did the guest vocals on one of the biggest hits of the summer "where are you now" but dropped the new song all his own. it's called "what do you mean" and we joined forces with elvis durand to get all the details. justin sat down with elvis where he hosted elvis durand and the morning show. >> these last couple of years have been a learning process for me. i'm just happy to go back out here. >> i never thought you did anything wrong. >> i never really thought i did anything wrong either. just under a microscope and there's certain things i can look at and say, that wasn't me. >> this is the first in-depth sit-down justin has done as he continues his image rehab. >> would you really do anything different? >> microphone. probably stay away from miami. >> bieber's smart putting himself down using laughter to address his miami arrest charged with a dui and drag raci

i am betty liu, here with pimm fox.m: cvs help us settling allegations that several rhode island pharmacy locations filled fortune invalid prescriptions for painkillers. the u.s.ttee will pay government $450,000 to resolve the two-year investigation. cvs has denied any wrongdoing. is aounder of chobani major player in your, we know that. we know that. now he is turning his focus to copy. "the new york times" reports that he has taken a stake in coffee roasters. don't expect to see him drinking it very often. he is a tea maniac who travels with his own teabags. fewcommittee says it has dozen wholesale customers and is grown 40% over the last year. americans are the biggest consumers of coffee in the world. betty: i didn't know that, but i'm completely not surprised. pimm: growing 10% a year and consumption. betty: before you move on, we were just talking about make your own -- what is it, customize -- pimm: make your own burger and mcdonald's. guys: one of our tech crew went down to mcdonald's right around the corner to

i am scarlett fu, and she is betty liu. b.h.p. let's get straight to how the stocks are looking as we are about an hour away from the closing bell. it looks like we are headed on the s&p for a weekly gain here. remember that in the middle of the week we turned lower for the year on the s&p due to the chinese devaluation of the currency. now it looks like we may still be able to recruit gains for the year. stan: when you look at this, treasuries, the dollar fluctuating, yawn. a boring friday. it is a typical summer friday. it has settled down. betty: and in the bond markets, you are seeing a reversion back to the trend of the yields on the shorter end of the curve and a bit lower on the longest end of the curve. stan: the two-year at 72.58 basis points. clearly the market action is nothing to get too excited about. betty: shares of sysco rising more than a year. in a filing, pelts says he may seek representation on the board. he is a rabble-rouser and wants to get things going. shares climbeded to the biggest day gain since 2013. s

i am betty liu and let's take a look at how the markets are trading. a weekly game for the s&p 500 but a volatile week so far. we take a look at where the s&p china devalued its currency. dated today showing factory production rose more than expected and that helped things along. let's move over to the oil market and how they are trading. we are seeing a slight rebound in nymex crude, up 1.4 -- 0.4 of 1% and falls below that $48 a barrel level. they are oil prices -- wow. down 31% since the beginning of the summer. just a straight shooter down. is the interesting, this dollar against oil. the dollar represented in the inte and oil are presented the green line. you can see at the beginning of 2014 -- exceeds me, june of 2014 when prices started to sharply converge for both and they dropped at the end of the year of oilomplete collapse prices and sharp rise in the dollar aggregating closer to the end of our easy interest rates. pimm: right. perhaps the federal reserve raising rates in september or by the end of the year. let's take a look at the bond mar

i am pimm fox and i am here with betty liu.etty: let's get a look at how the markets are trading with ramy inocencio. ramy: we are headed almost back to where those are, they are down for the second day running. china'sin reaction to currency devaluation. the dow has fallen to a six-month low, trading at 1.25%. sinces the worst drop january. the s&p's rad seeing the worst drop since january. come with me into my bloomberg terminal. , want to show you how this is not just in the u.s., but in the world. this wednesday, look at this. all of our major markets are in the red. european markets got slammed the hardest. dax is down by 3.25%. the hand saying is down. alibaba, the e-commerce giant. it has fallen to an all point low. 4.5%.own by about four sales growth for alibaba in the last quarter was the slowest for the last three years. 8%.grew 2 note for you, shares have not gone below the 68 -- the $68 price paid in september. with china's devaluation, let's take a look at some other stocks that have large exposure to china. brands

i am betty liu.m: there is a shot of the bay bridge in san francisco. there is a fog in san francisco in the summer following mark twins weather forecast. over to oakland and you can see that shot of the loading and unloading peers in the port of oakland. let us take a look at some of the top stories crossing the bloomberg at this moment. in turkey, the president is giving -- gearing up to call elections for november 1. it's an attempt to form a coalition government after last week made little divisions even worse. the turkish lira at an all-time low against the dollar this week. government that has stored. debt has soared. massive explosions killed 116 people in contaminated area with toxins chemicals. they had detected levels of cyanide as much as 363 times the safe level. normal levels are outside of this zone. the president in china made shift priorities to deal with the them graphic time wrong. -- timebomb. the president may soon emphasize population growth overgrowth and domestic product in pop

i am betty liu.ording to some reports, it is not so fun to work for charlie ergen. dish network got some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i am a really great guy to work for if you are a high achiever. if you just want a job, you will probably not like it too much. i think dish is a culture for those people who want to achieve something. there is some uncertainty, as you know, with what you can do with the wireless. it takes a little bit of bravery as a shareholder. i think even for employees, they like to know what will happen tomorrow but we don't always know. it is a special -- it takes trust in your management, a bit of an adventurous spirit to work here. you have to be more of a self-starter. for those people who like that, we have people who started in the warehouse that are executives. people who are achieving their own internal potential and th

i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has been known as something of a renegade, being thrown out of casinos for counting cards and other things. he created echostar in the 1980's and then started dish in the next decade. in the process he has become one , of the richest man in america, worth more than $20 billion. he stepped out of the spotlight in 2011. handing the ceo reins to joe clayton. just four years later, the founder is back in the hot seat. as television undergoes another revolution, video moving on to your second screen. like the satellite tv business, ergen wants to be at the forefront of this change being at the top of sling tv. and buying up billions to dollars of wireless assets, assets he says can be used to build a legitimate competitor to at&t and verizon. when we first sat down for an interview at his colorado headquarters, i asked him to describe this new frontier. charlie: now we are in another transformation. tv itself is transform

i am betty liu.h network ceo charlie ergen has been known as something of a renegade, being thrown out of casinos for counting cards and other things. in the process of starting his company, he has become one of the richest man in america, nearly $20 billion. -- worth more than $20 billion. he stepped out of the spotlight in 2011. just four years later, the founder is back in the hot seat. like the satellite tv business, ergen wants to be at the forefront of television change being at the top of sling tv. buying up billions of dollars of wireless assets. assets he says can be used to build up a legitimate competitor against at&t and verizon. -- horizon. when we sat down at "titans," i asked him to describe his plan. charlie: people are looking more for what they want to watch and not paying for what they don't want to watch. tv is everywhere. part of that is the technology is over the top that allows customers to do that. the second reservation is wireless. there is only two ways to do this, one is t

i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has always been known as something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car in colorado. he led a group that started echostar in the 1980's and then started dish in the 1990's. in the process, he has become one of the bridges man in america, worth more than $20 billion. ergen stepped out of the spotlight in 2011. just four years later, the founder is back in the hot seat as television goes under another revolution. like the satellite tv business, ergen wants to be at the forefront of this change by creating this new, over the top product called sling tv and buying millions of dollars worth of wireless assets. assets he says can be used to build a legitimate competitor against at&t and verizon. when we first sat down with him at his headquarters in colorado, i asked ergen to describe his plan. charlie: the transformation is going on into their pla

betty: i am betty liu.print shares at a two-month high, it may have to do with a new iphone offer. you can get your iphone up graded at any time. julie: if you pay a monthly fee. not seeing anything driving the stock, last week we saw a boost after softbank increased its stake. up 12 point 5%. sprint is saying if you pay $22 a month, than at any point you will be able to upgrade to a new iphone. that is on top of your existing plan. perhaps the thinking is that drive new traffic to sprint and that is what is behind a share increase. the gains are accelerating. they have been accelerating through the session. we've been talking about tesla and the call from morgan stanley, raising its price target to $465 from $280. adamis based on theory by jonas, neat morgan stanley analyst, that tesla is going to introduce some sort of new product called test mobility. that is what he's calling it. it will essentially be some sort of automated product, a self driving vehicle that may be co-owned by multiple people. vision

i am betty liu. welcome to "titans at the table." dish network founder charlie ergen has been known as something of a fearless renegade , being thrown out of casinos for counting cards and other things. he created echostar in the 1980's and then started dish in the next decade. in the process, he has become one of the richest men in america, worth more than $20 billion. he stepped out of the spotlight in 2011, handing the ceo reins to joe clayton. just four years later, the founder is back in the hot seat. as television undergoes another revolution, video moving on to your second screen. like the satellite tv business, ergen wants to be at the forefront of this change by creating a new over the top product called sling tv. and buying up billions to dollars of wireless assets, assets he says can be used to build a legitimate competitor to at&t and verizon. when we first sat down for an interview at his inglewood, colorado headquarters, i asked him to describe this new frontier. charlie: now we are in

betty: i'm betty liu. what a day so far.imm: we have china news and indictments that we are looking at. let us look at the top stories crossing bloomberg terminal at this moment china just made history in july 2005 when it joined the economic system and decreased its currency though you want. the country's central bank has devalued the yen by the most in two decades. they call it a one time adjustment. morgan stanley has also watched china adapt its currency. >> to have a lot of balls in the air and they are trying to do a large number of things all at once here. they want to rebound, restructured, lead globally. they want to reshape international institutions and reform the capital markets. that is always the risk they chewed off too much and they have to be more selective in identifying their priorities. pimm: devaluing their currencies should make chinese exports a little bit easier to sell overseas. perhaps less expensive now. last month, exports from china fell more than 8% and china is in the midst of its deepest econo

matt: good afternoon, imf miller, now joined by betty liu -- i am matt miller, joined now by betty liudifferent much different from what we have seen before we saw this rebound. the dow up i-73 points.

i am mark crumpton with the soon to be leaving betty liu.ty: if sitting in a freezing office on a summer day is not your thing, you can leave early. we have a strategy for you. the lists of do's and don'ts that will help you get out of the office without getting into trouble with your boss. take a look at some of these strategies. what was your favorite? mark: i was thinking about bringing the laptop because then you have the remote thing. i am not really in the office but i am actually working. that is a do. betty: you know what i liked? one of them was to get a little crafty and take advantage of a nest thermostat, so you can pretend you are there and then turn them off at 6:00 p.m. mark: another one, answer calls but keep them quick. and no face time. it is kind of hard to get away from that. i don't know, if you get a last-minute phone call and it is a summer friday, as it is today, and it is your boss, how short can you keep call? betty: you have to make something up. my kid is screaming. mark: when we talked about doing this, one of th

i matt miller in for mark crumpton here with betty liu.oments,t a and hillary clinton will be rolling out one of the biggest proposals of her campaign. she put the spotlight on higher education. matt: and she will propose steps educationthe higher financial crisis. jennifer joins us by telephone. what are we expecting secretary clinton to propose? jennifer: secretary clinton will lay out a $350 billion set of proposals, in one category helping it to become more lower and middle class americans to go to public universities and big colleges. and the other part of it is having to do with making it possible for people who have student debt to refinance those loans at the current rate rather than some of these rates that are well over 10%. it,e are the two pieces of current and future students and in helping people who have student debt that is too hard to be able to manage and do other things to contribute to the economy. betty: how is she going to pay for this? : they are expecting .temized deductions the campaign has not gotten more specific

in betty liu. the largest milk producer in the u.s.ing mum about why their chairman just resigned. the sec is moving forward involving an insider trading case. that severelydent injured comedian tracy morgan -- ate is chris hartz speaking a meeting. >> we know a major contributor is driver fatigue. fordriver and had been on 14 hours. he had been awake for more than 28 hours, including an overnight drive from his home in georgia to the district center. betty: there was a traffic backup on the new jersey turnpike. the safety board will look at what can address driver fatigue in highway works on hazards. quarterback -- will be sidelined 6 to 10 weeks after being punched in the job. got into his teammate an altercation in the locker room and smith was "sucker punched." and in pro football, the federal judge handling the tom brady case wants to talk settlement. the new england patriots order back and commissioner roger goodell will meet with the commissioner -- quarterback and commissioner roger goodell will meet tomorrow. those are your to

i am betty liu. thank you for watching "titans at the table."k: from west texas shale to drilling rigs far offshore -- >> we need a hand on the handrail. erik: from angola to australia -- >> you're looking at the inside of an lng tank. erik: a thirst for energy has pushed chevron to almost every corner of the globe. >> we believe there's opportunity to progress. >> good job, erik. erik: the giant company is active in 180 countries. >> it is the largest resource project in australia. erik: pumping almost 2.6 million barrels every day. these are challenging times for big oil. fracking has upended the global market. renewables like solar and wind power

betty: and i'm betty liu. let's look at how the markets are trading at this hour. a little bit calm her. -- calmer. you can see the dow is up about 17 points right now. concerns about the chinese economy fading slightly after the selloff over the past two days. let's look at a couple of stocks. advance auto parts are lower and we are also watching houlihan , the bank that specializes in mergers and acquisitions. that is getting a slightly nice pop. the top story of the week is the dollar against the euro. up 0.6%. by china's reassurances on the valuation, that also helping to stabilize not only the currency rates but investor sentiment. pimm: let's look at how u.s. treasuries are faring right now. a little selloff at the short end of that are on the -- short end of the curve on the two-year yield. basically unchanged for the long bond. investors prepare for $16 billion worth of 30-year bonds coming up for auction. commodity is, take a look at oil continuing its dissent. itdown five cents. back to january 2009, yes, a six-year low. , mainly because of inventories. o

i'm betty liu. let's look at how markets are trading. we are losing some steam with stocks fluctuating in the downng and now pretty much at their lows of the session. we are talking about a fall of .1% right now. huge drop, but the dow jones is down about that amount, down about 17 points. let's move over to the oil markets. we have seen this all week long for the last several days, oil trading at a six year low. oil prices as you can see since the beginning of 2010, a drop here of about 5%. gold prices, watching gold -- fell to a five-year low in july. that put the central bank closer to raising interest rates. a little bit of a selloff in the bond market. the 30 year, 284, a little selling going on, but not much action. maybe because of the housing starts. i think it was a six year high or eight year high. it was under what economists estimated. 1.21 annual units and then they revised the june figures up. a look at what is going on in major currencies. the dollar versus the euro basically stable.

i am betty liu.fun to sit down with charlie ergen, but according to some reports, it is not so much fun to work for him. in 2012 and 2013, employee surveys gave dish network some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i think i am a really easy guy to work for and with if you are a high achiever and you want to achieve something. if you're just wanting a job, you are probably not going to like it too much here. all right? i think dish is a culture for those people who want to achieve something. and there is some uncertainty, as you know, as we are talking about what you can do with the wireless. our shareholders don't know exactly, so it takes a little bit of bravery as a shareholder. i think even for employees, they like to know what will happen tomorrow but we don't always know what is going to happen tomorrow. it is a special kind of -- it takes trust in

i am mark crumpton here with betty liu.investors are cheering the creation of the alphabet, google's new parent company. it will house the search giant along with a flock of endeavors like google x and calico, which seeks to extend human lives. larry page will be the ceo of alphabet and his longtime deputy will become the ceo of google. mark: an exclusive interview, emily chang spoke with hugo borrow who work with both page and pinchai. >> i think the technology community is enthusiastic about this, very enthusiastic about it. i think what larry is building is the most amazing business platform that has ever existed given its potential to invest and especially given their ambition. there is no one in the world today, or maybe there is a handful of people in the world today, who are as ambitious as larry. very very excited about this. that sundarld me should be running the day-to-day operations so larry could focus on the future of humanity. take me inside the mind of larry page and sergey rim. why are they doing this? hugo:

liu says his brother later died of his injuries. residents here denounce the system as cruel and unfair. >> "for those who don't have much money, it is hard for them to have a second or third child, for the fine will make them return to poverty. for the rich, there is no restriction on the number of the children they can have: the birth of four or even five children is also permitted. ...what they do is not to control the number of population but to squeeze money from people into their own pockets." back in guangdong, zhou toasts his brother's birthday with friends. but thoughts of what has happened to his missing daughter continue to haunt him. zhou says he will keep looking for her, even if that trail leads him to find her happily adopted by another family, in another country. >> "i would be overjoyed if i could see her. but i would let her to decide whether to stay there or not, because, after all, she has a complete adoptive family there. as her father, i will be much satisfied very happy to see her live in peace. if she wants t

betty: i'm betty liu. let's begin with a look at how the markets are at this moment.ing again as he conceded the s&p falling below at

i am betty liu.me to "titans at the table." dish network founder charlie ergen has always been known as something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car in colorado. he led a group that started echostar in the 1980's and then started dish in the 1990's. in the process, he has become one of the bridges man in america, worth more than $20 billion. ergen stepped out of the spotlight in 2011. just four years later, the founder is back in the hot seat as television goes under another revolution. like the satellite tv business, ergen wants to be at the forefront of this change by creating this new, over the top product called sling tv and buying millions of dollars worth of wireless assets. assets he says can be used to build a legitimate competitor against at&t and verizon. when we first sat down with him at his headquarters in colorado, i asked ergen to describe his plan. charlie: the transformation is going on into their places. o

i am scarlett fu, and she is betty liu. b.h.p.get straight to how the stocks are looking as we are about an hour away from the closing bell. it looks like we are headed on the s&p for a weekly gain here. remember that in the middle of the week we turned lower for the year on the s&p

betty liu is here with more. betty: you clearly explained that.t the last three in 1994, cycles we had in 1999 and in 2004, you would have thought the dollar actually would have gained after. people think, interest rates are higher, i will make more by having the dollar. currency least investors and traders, they are buying the rumor and selling the fact here, right? this timee even worse around because on average, the interest rate increase cycles have averaged about 2.25%. are time around we expecting the fed to do less and that, maybe 1.6 percentage cycle, givenis where the economy is, the fear factor about china, where oil prices are. that could mean that the dollar actually falls even further than what we have seen on average. in the past cycles we have seen it dollar, like back in 2004 dropped 9%, back in 1994 it was 6%. who knows? we might see a decline of between that range, 6% to 9% after the rate rise. pimm: let's say history does repeat itself. this would be good for u.s. companies. betty: that's right. fewhave seen in the last quarterl

betty liu and mark crumpton boake to congress most -- congressman pedro para lucy.been puerto rico's member of commerce -- member of congress since 2009. years we were having operating deficits on financing. but that is not be brought or the maturity of the debt. here is that. you balance your budget, you leave with the new means. pedro has been, compensating from the lacquer of federal funding in programs like medicaid, for example. the burden that puerto rico has to have an efficient health system in place is amazing when you compare to the burden of any state in the mainland. one of the reasons this territorial status we have, we are shortchanged in federal programs on a massive scale. betty: representative pierluisi, back in washington though, getting back to what is going on on the island -- back in washington, in your dialogues with lawmakers, have you had any this with treasury, jack lew and his colleagues, to see what they might do to help puerto rico? well,entative pierluisi: yes. what i would say firsthand, we have never asked for a bailout. we know better

i'm betty liu. mark: thank you for joining us on bloomberg market day. let's begin with a look at the markets on this tuesday. we've seen two days of the clients for stocks. a sea of red on wall street today. our industrials down over .25%. .5% -- shy orbout to buy the company for about $30 billion. down --es of shire let's move on to oil and gold today. all in the green. nymex crude up 1.8% at 4602 -- $46.02. betty: a check on how the bond markets are trading right now. treasuries are falling on speculation that inflation will rise toward the fifth 2% target. -- fed's 2% target. puerto rican bonds taking a dive. that is year to date, down 11%. meanwhile, in the currency markets which have seen their own fall off, the dollar is falling from a four-month high. it is still stronger than most of its major peers. let's get a look at the top stories at this hour. shire making an offer to buy x axalta. for $30 billion in shares. 36% represent a premium of and valleys the stock at $45 per share. there is no deal on the horizon right now. alta has failed to enga

betty: good afternoon, i am betty liu. mark: the death crunch sounds ominous. we will find out if it really is coming up. a look at the markets office tuesday -- thursday. the selloff over the past few days. study on wall are street. the dow, s&p and nasdaq showing gains. nasdaq of .4%. we are watching cool hand loki that generated 30% less than the ipo price. -- houlihan lokey. intraday they are up 8.5%. betty: moving onto the currency markets, our top story of the week. the dollar climbing against the salesn the year -- retail numbers, which came in line with expectations. it shows consumers are spending. we have been at a four-month high with the dollar. the, china's reassurance of evaluation moving things along as well. mark: a check of the bond markets. the two year yield, look at that change. betty: a lot of fear with china, the zyields. mark: this has been one of those weeks where use all the ripple effect in china, and we said the other day jokingly when china sneezes, the world gets a cold. absolutely. we saw that vividly in the oil market where we saw

i'm betty liu. and i matt miller. let's take a look at the markets. across the board about 1% at session lows now with the dow jones industrial average at 171

i am betty liu. i am at miller.ncing around a little bit at the bottom of the range down 1.5% in 2047. dow jones down 273

pimm: much more coming up with betty liu. let's go to julie hyman. approaching the top of the hour. let's take a look at what stocks are doing right now. the dow and the s&p right now lower. the nasdaq has peaked it said into the positive at the moment. joining me is jim stroker, a derivatives strategist at an km holding. mkm holding. it is the first trading day of august and you definitely feel it. are we in the summer doldrums at this point? jim: there is deftly a move in the equity markets this morning, and our move is predicated on volatility preening -- being pretty low and stable into the fall. we could have several weeks of relative quiet in the u.s. equity markets. julie: how would you play that? means relative bids could bounce between 14 and 16. the future is relatively stable looking out as far as the eye can see. one way to take advantage of that is through a product called xvxy. many people are familiar with vx. you don't need volatility to go lower for this to benefit you. if it doesn't move a lot, there is a phenomena called negative c