mary thompson is live, good morning. >> reporter: hey scott, the announcement just coming in moments ago. $7 billion settlement teen citi and the doj resolving the announcement that they sold toxic mortgages. about two and a half billion dollars will go towards consumer relief. now the settlement was signed this weekend during the time that citi says $3 billion, they threatened to sue the bank. the two coming to a $7 billion settlement. now looking ahead to this morning's open on wall street, futures are pointing to a higher open. stocks fell, despite a positive day on friday. closed at 16,943, and z the nasdaq added 19 to close at 4,415. earning season sths week with results from names like citigroup, ibm, as well as google. we'll also hear from janet yelen who will testify before congress about the economy. and get your bids on picasso or vintage pez dispensers. that's right, right everything. this report says that sutherbyes is streaming auctions online started this fall. most of the sales will be shown on a new section of ebay's site and online only and streaming auctions will be

. >>> let's get down to business now with cnbc's mary thompson. ry. >>> well, dara, stocks are coming off a down week despite a positive day on friday. earnings season gets into full swing this week with results from names such as jp morgan, intel, yahoo, ibm, and google. we'll also hear from fed chair janet yellin who testifies in front of congress about the committee. >>> citigroups and the u.s. justice department are expected to announce a settlement today. the nation's third largest bank has absolved to a probe. $2.5 billion in consumer relief, and citi will likely have homeowners modify their mortgages. >>> the owners of the trump plaza casino will send out notices to workers today warning them they may close in mid-september. it would be the fourth atlantic city casino set to closes this year. dara, back to you. >> thank you, mary. >>> just ahead, it was a busy weekend for -- there have been more than 200,000 games in the history of major league baseball. we'll tell you about something that has never been done until last night. can take days.

. >>> i'm mary thompson with breaking news.l street legend, ace greenburgh, former ceo and chairman of bear stearns passed away at the age of 86. mr. greenburgh most recently was a vice chairman emeritus at jpmorgan. of course, the company that bought his former firm following the financial crisis. mr. greenburgh, his first name alan, he joined bear stearnsen in 1949. became the company's ceo in 1978. its chairmanen in '85 and chairman of the executive committee in the 2001. he was a well-known card player and a magician as well. he basically was also considered the godfather of what we would call the bear stearns culture, one well known to be very aggressive. mr. greenberg passed away at the age of 86. >> mary thompson, thank you with the news of legendary wall street individual, steve weiss, amazing, a 50-year career, began as a clerk in 49, in the stockroom of bear stearns and then obviously elevated all the way to the top. >> he was incredible. high the pleasure of meeting him a couple of times. if you walked up to the bear

mary thompson, the latest on the markets. >>> pete, the lows today, dow down 180. you were staring at the worst day in three months for the dow and s&p. your read on not only today but the last couple of days? >> go back to tuesday, one of the most interesting parts wasn't the fact the s&p urn it had around. it didn't. the fact they started buying certain area, into the marketplace. seeing airlines make a turn off the lows to actually finish the day better. not necessarily in green, but better than they had been trading. that was exactly what we saw again today. came out, obviously we know the united story from last night. they bought all the airlines back up and look at the other areas, like the chips. down, down hard. the smh, down 49.5 bought immediately almost. coming into the ip whiches, coming into the airlines, certain sectors. look at the metals as well. not just gold and silver. the way the metals are trading. freeport mac, one names. parts of the market people want to buy and on selloffs definitely going in to buy them. >> steve, raising the flag lately o

mary thompson live with a look at that and the rest of the day's news, good morning, mary. >> reporter: good morning to you, scott. this news just crossing the wire, microsoft plans to cut 18,000 jobs over the next year. this outlined in a memo. those are larger than many people expected under restructuring under the company's new ceo. looking at the futures market, they are pointing to a lower open after yesterday's strong session with the dow notch its 15th record close of the year. dow rising 77 points to close at 17,138 and the nasdaq closing at 4,425. investors were scheering positive -- cheering positive news from the businesses. today we'll get data on jobless claims and housing starts and earlier this morning, morgan stanley reported better than expected results. as scott mentioned earlier, visa is launching a new service to make it easier for shoppers to shop online. they can sign up with debit or credit card and only enter their information once. you can then pay for things with just the user name and password. visa is teaming up with hundreds of retailers, including niemann

. >>> let's get down to business with cnbc's mary thompson. good morning, mary! >> good morning to you, betty. new documents show that general motors may not have been as forthright with regulators over fatal crashes involving faulty ignition switches. "the new york times" reports gm repeatedly found ways not to answer questions about what led to those accidents. general motors' top lawyer will testify at a senate hearing on thursday. >>> apple teams up with ibm in a partnership that could make the iphone maker a major player in the business market. the companies will develop more than 100 mobile apps for the iphone and the ipad that ibm will sell to a vast number of corporate customers. >>> hershey's is raising candy prices for the first time in three years. cocoa prices hit three-year highs earlier this month on worries global demand will outpace supply. this could trigger similar moves by nestle and kraft foods. and in my estimation, the price is worth it, betty. like my little taste of chocolate. >> mary, thank you. a little audio problems there. >>> some sto

." >>> welcome back, a trio of possible murders top of wall street this morning, mary thompson live with the details, good morning. >> reporter: good morning scott, before that, let's check the futures which continue to point to a higher open on wall street today. this after stocks fell despite a positive day on friday. earning season will get into full swing this week with results from names like citi group which just reported the results. j.p. morgan, ibm, and google also on top this week. we heard from janet yellen who testifies before congress about economy. now of course it is merger monday and match could be lit under a deal that's been talked about far while now in the tobacco sector. reynolds, american, confirm they're in merger talks. while reynolds makes camels, cools, and pall malls. this would create the largest publicly traded company in los angeles. the firm work together on a number of projects including the freedom tower in new york as well as the barclay center. russell stoefr is best known for chocolate samplers and about $500 million in annual sales, back to you. >> ma

let's get down to business with mary thompson. >> good morning. headlines today include microsoft reportedly set to announce job cuts as soon as this week. they could cut 5 to 10% of the work force. and reports likely come from the nokia phone business. >>> yahoo! wants to bring the concert to your couch. they streamed up with live nation to stream artists. the concert would be streamed each day for an entire year. they are hoping it can be a strong competitor to youtube. >>> boeing showing off a larger version of the 787 dreamliner jet this week. a standard takeoff and landing demo won't do. they're taking extreme rolls to show how well the plane can perform. >> i wouldn't want to be on one. >> even the video is making my woozy already. >>> thank you. a plane carrying 40 undocumented immigrants, mostly children left new mexico for honduras on monday. it marks the first deportation since the president's pledge to speed up the process. officials tell nbc news it was quote the initial wave. >>> pakistan rights activist sbratded her 17th birthday wit

mary thompson, good morning. >> reporter: good morning to you. we are looking now at a higher open on wall street, what futures are indicating. and in corporate news, as you mentioned, apple is teaming up with ibm in a partnership that could make the iphone maker a major player in the business market. companies developing more than 100 mobile apps for the iphone and ipad which ibm will sell to other industries. in return, apple will provide tech support for those apps. >>> a mixed session tuesday, investors weighing upbeat earnings from jpmorgan and goldman sachs with comments from the federal reserve that said valuations in tech and other high flying stocks may be stretched. the dow finished with a five-point gain. the nasdaq fell 24 points, to close at 4416. this morning we get data on inflation, manufacturing and housing and earnings out this morning, including those from bank of america, excludeing items that the company beat estimates. janet yellen testifies about the economy, this on capitol hill. >>> lastly, hershey raising candy prices fo

for "nightly business report", i'm mary thompson in quincy, massachusetts. >> and to read more about this biotech training program, log on nbr.com. >>> elsewhere, boeing ramped up deliveries in june and that's where we begin tonight's market focus. the plane maker nearly doubled k deliveries of the 787 helping increase deliveries by 7%. the dow component says the defense space and security unit saw delivery gains. so shares rose a fraction to $128.51. >>> shares of wall greegreens ae aid were driven by higher pharmacy sales. investors cheered the news since they have been pressured by a wave of generic drugs. shares of walgreens rose to $73 and change and rite aid closed at $7.50. >>> shares of pets mart soared. in this case the hedge fund jana partners took a 9.9% stake and we'll talk about a possible sale to improve the performance. that stock was up 12.5% on that news, higher to $67.28. >>> advisors to the chip wilson had been discussing with private equity firms the possibility of taking the retailer private. one of the firms that's in talks with the yoga apparel is leonard green

for that and more, let's turn to mary thompson, she's live at cnbc world headquarters, good morning. >> reporter: good morning, scott. microsoft is set to announce job cuts as soon as this week. analysises say they could cut 5 to 10% of its work force. reports say the cuts would come from the nokioyo phone businesses as well as marketing, software, and engineering. right now they have about 125,000 workers since buying the unit earlier this spring. stokes rose on monday with the dow reclaiming that 17,000 mark. the markets were boosted by a flurry of merger news. the dow rose 111 points to close at 17,055 and the nasdaq after 24 finishing at 4,440. retail sales as well as earning presses, jp morgan and goldman sachs have better results. fed chair, janet yellen will be testifying on the economy. lots for traders to focus on this morning. yahoo wants to bring the concert to your couch. they are teaming up with live nation to stream free live shows for a year. those will come courtesy of dave matthews, kiss, and justin timberlake. yahoo is hoping the video site can be a strong competito

. >> let's get down to business with mary thompson. >> richard, new documents may show that gm may not have been as forth rite with regulators over crashes involving faulty ig in this reports. "the new york times" reported gm found ways to not answer questions about what led to the accidents. gm's top lawyer will testify in a senate hearing on thursday. >>> apple teams up with ibm in a partnership that could make the iphone maker a major player in the business market. the companies will develop more than 100 mobile apps for the iphone and ipad that ibm will then sell to its vast number of corporate customers. >>> hershey is raising candy prices for the first time in three years. cocoa prices hit a three-year high this month on worries global demand will outpace supply. the move could trigger hikes by nestle and kraft foods. back to you. >>> okay. thank you so much, mary. >>> supermodel gisele bundchen earns about $128,000 every day. "forbes" breaking down her earnings from last year when the 33-year-old drew about $47 million. not bad. our sister company at universal studios in osaka,

for "nightly business report", i'm mar mary thompson. >> coming up next, the doctor will see you now but you might need a computer or tablet for the appointment. we'll tell you why. >>> crumbing bakery may not be falling apart after all. shares skyrocketed 1300% after news a group of investors including marcus star of the cnbc program the profit are preparing a bid to save the high-end cupcake shop. we told you on tuesday that the company shut down all 48 of the stores around the country following losses and declining sales. >>> consumer products giants that makes lipton tea, pasta sauce and dove soap is selling slim fast to a private firm. the sale is part of efforts to concentrate on the high margin personal care division. >>> what if you could see your doctor 24/7? thanks to new technology, you can, online. so the telemedicine is the next big thing. employers are embracing it in a major way to cut cost. >> reporter: lindsey had a lot to do before the holidays and was coming down with an infection. >> i needed to see a doctor and get what i needed to take care of so i would move on

. >>> let's get down to business with mary thompson from cnbc.rimplts microsoft is set to announce job cuts as soon as this week. analysts say the company could cut 5% to 10% of its work force, and reports say the cuts would likely come from the nokia phone business and parts of microsoft that overlap. >>> yahoo wants to bring the concert to your couch. the internet giant is teaming up with live nation to stream three live shows from artists like dave matthews and justin timberlake. they'll be doing this each day for an entire year. yahoo is hoping its video site can be a strong competitor to youtube. >>> boeing is showing off the larger version of a 787 dreamliner. at an air show in the u.k. this week, but a standard take swrof and landing deadline just won't do. boeing's test pilots are making extreme turns and rolls to show potential customers just how well the plane can perform. richard, back to you. >> thank you, mary. >>> buy a truck, get a gun. a car dealer in myrtle beach is offering a free shotgun with a $600 retail value as an incentive

rates are at the lowest they've been in years for that and the rest of the news, let's talk to mary thompson, she's live at cnbc world headquarters, good morning. >> reporter: good morning, scott, as you mentioned more good news about the u.s. housing market. u.s. foreclosure activity dropping in june to the lowest levels since the summer of 2006. that's of course before the housing bubble burst. market watching realty track says foreclosures and auctions dropped 2% in may and 16% from a year ago in june. they say it should continue through the nirs half of next year. foreclosures have reduced the supply of homes on the market and of course that's pushing up prices. the higher prices in the bay area as scott just mentioned. posty day on wednesday, dow notched its 159 record close of the year. the dow rising 77 points, closed at 17,138. nasdaq added nine to close at 4,425. investors were cheering earnings from intel and more merger news. time warner joumped on word that they rejected an $80 million takeover from rupert murdoch and fox. morgan stanley just started with earnings once you exclud

dow's down 27, and mary thompson's on the floor for us today. a quiet start to the choppy week for the markets. interesting movement at the open. we saw the dow lower, moving up higher, dropped 30 points in the last couple minute, and there's a bid for the nasdaq thanks in part to some strength in tech, although semiconductors turned lower. really, across the board, only area of strength right now are the retailers, energy banks, as well as drug stocks lower in what's been a tough week. as i said, s&p, nasdaq, and russell on track track for the worst weekly performance since april of this year, dow down last three of four sessions, not looking perky now up above 35 points, today, we are steadier because europe steadied in the wake of the concerns of the portugal bank yesterday, a muted session in asia overnight. the sectors to watch today. throughout the week people call for a possible correction coming in the u.s. you saw investors taking a defensive tone. as a result, utilities and telecom among the best performing sectors, they are mixed right

mary thompson is at one location in upper manhattan. reporter: hey there, tyler, open war outlets into existing stores are falling. that's did opened its stores in 20303, and went public in 202011. it gave birth to tv shows like "cupcake wars" and other gourmet chains, including magnolia's and melissa's. there were disappointed moments here looking for one last bite, but no-go there. crumbs cakes of course were huge, just about 4 inches high, and a hefty 780 calories each, including flavors apple cobbler and caramel mac ato. it went public in 2011, by merging with a company, lost money every year. after expanding initially, began closing stores last year. this month it defaulted on a loan and now it's out of business. no surprise to bruce benton, who has been tracking the stock. >> i always buy low, sell high, so i was watching it go down, and i was like, how low can it go? >> the firm changed up the original recipe, selling different size cupcakes, look with other treats. recently it had partnered with firms, including pelican bay, and

our mary thompson has a look at one college helping to fuel job growth in a high skill industry. biotech, kelly. this is the outlook. 400 jobs here ins in misby 2016. 8,000 jobs across the country by 2020. that's the outlook for biomanufacturing technicians. the people who help to nurture the trillions of cells used by biotech companies to produce drugs on a mass scale. so quincy college designed a two-year program aimed at specifically filling those jobs, knowing if they train the students in what the industry needed, the industry would high them. case in point 25 years old alex wilson, hired by shire pharmaceuticals last year. >> microbiology allowed me to conceptualize the behavior d. biomanufacturing was the bread and butter, gave me all the skills i needed to do everyday activities and the foundation to move up in the company. >> derek is enteren as tecata pharmaceuticals. she's graduating this summer armed with the hands-on training she's had at quincy college. >> it carries over throughout the field. as long as you have a good foundation of labwork, you can go anywhere. >>

we'll turn to mary thompson live at cnbc world headquarters.ood morning. >> reporter: good morning. looking ahead to the open on wall street, the futures markets are pointing to a higher open following a mixed section tuesday. investors were weighing upbeat earnings from jpmorgan and goal mand sacks with comments from the federal reserve that said valuations on tech and high flying stocks may be stretched yesterday the dow rose five points. the nasdaq fell 24. later this morning, we'll get information or data on the produced price index, manufacturing and housing. this morning bank of america reported better than expected earnings, once you take out items for legal charges. lastly, janet yellen will be testifying again about the economy on capitol hill. so that's what traders are watching. >>> tesla's new affordable car, not out yet, but we know it has a new name. tesla ceo revealed to auto express the new car will be called the model 3. there were rumors the car will be called model e, but musk told auto express he had to rethink that because

let's bring in mary thompson as well.s, we would like to know, what is the retail investor doing? what is the retail investor thinking, as they see potential a big number. >> and there is been talk that they haven't been participating first let's look at what the action with some of the discount broker, known as daily average revenue trades, putting this up, for the month of may, they actually showed improvement -- or for the month of june, they showed improvement from the month of may, up 2.5 to 4%. before you get too excited, they were down 10% to 20% from june of last year. that was a bit of a disappointment. what we saw at the beginning of the year basically a pickup in the darts, as we are known. >>> >>> we haven't taken a look at etfs, but ici, the investment exude institute. ♪ing in the last week they have a measurement for domestic outflows, and then morningstar putting out that net outflows were at 6.9 billion in domestic equity funds for the month of may, so that would suggest a lot of interest from the retail i

mary thompson is live in quincy, massachusetts with more on that. morning to you, mary. >> reporter: good morning, andrew. i'm here at quincy college and the jobs this college is training its students for are those of biomanufacturing technicians's can see a class in session behind me. these people man the front lines of the process basically cultivating the trillions of cells used to make biolodge irks or drugs introduced using the proteins extracted from those cells. the bls estimates 8,000 of these jobs will be added to the economy by 2020, 400 of them here in massachusetts by 2016. about an hour from here in lexington, massachusetts, technicians at shire pharmaceuticals rare drug hub are producing three drugs at this state-of-the-art plant, where the head of technical operations bill shambroen says they are looking to hire technicians that already know how to use this new equipment. >> this facility, for instance, uses only disposable equipment and that's the wave of the future. this is the first facility licensed to use that technology. a lot o

. >>> i'm mary thompson with your cnbc market wrap. dow falling 70 points. the s&p dropping 8 and the nasdaq closing off nearly 23. it was a tough day for discount retailer family dollar. it missed its third-quarter earnings forecast. it plans to close 370 stores nationwide amid fierce competition. apple launched a feature that would change the way people use their iphones and ipads. 75 billion downloads later, happy anniversary to the app store. that's first on cnbc, first in business world wide. ed a lift? covergirl and olay invented facelift effect firming makeup. luxurious coverage plus the firming power of a night cream to plump skin with moisture. new facelift effect makeup from olay and easy, breezy, beautiful, covergirl. but parallel parking isn't one you do a lof them.ings great. you're either too far from the curb. or too close to other cars... it's just a matter of time until you rip some guy's bumper off. so, here are your choices: take the bus. or get liberty mutual insurance. for drivers with accident forgiveness, liberty

here's mary thompson within more. >> we should note that russia said it's not impacts business, limits or new rules are going to cost them about 50 million in revenue. let's go to the stock first, it's impacting visa another way. the company's stock of course the biggest loser among the dow 30 today after lowering revenue forecast for the fuel year. the outward linked to the impact of a persistently strong dollar and decline in payments revenue. these were impacted by unrest in the ukraine and rising political attentions with russia. here cfo byron pallet on the conference call. >> we've seen no signs yet of any acceleration and economic recovery and cost border volume growth remains soft in the mid single digits. >> now these are earned better than expected $2.17 in the fiscal third quarter on revenue in line with expectations, but the full year revenue outlook including the impact of foreign exchange is now expected to be growth of 7 to 8%. that's down from a previous forecast of 8 to 9% growth. the firm says marketing expenses rising as well in the fourth quarter with the promotion

and for the rest, a look at how the markets doing before the bell, let's turn to mary thompson, good morning. >> reporter: hey there scott, we begin with a wrap-up of what happened on wall street monday. the dow reclaiming that 17,000 mark. markets boosted by a flurry of merger news as well as citigroups better than expected earnings. 17,055, nasdaq add 24d to close at 4,440. import prices and earlier this morning, we saw better than expected earnings release from j.p. mogen as well as goldman sachs, lastly janet yellen will be testifying before the senate on the economy. a lot for traders to watch on. back to you. >> all right mary, thank you very much. >>> keeping check of the markets, now check of the forecast. christina loren. >> more unexpected changes to the forecast. 5:18 now. now we told you yesterday that that big ridge. high pressure would bring your temperatures up into the triple digits, which it did. it also brought up a lot of the sub-tropical moisture, and here's what happened yesterday. in the south bay, we hit the low 90s, then all the sudden, those clouds started in

the russell's off more than 2%. >> mary thompson, what's moving the markets right now?ar names, bill. we'll begin with apple moving higher at levels it hasn't seen since october of 2012. the company hiring a senior executive from the luxury watchmaker tag heuer ahead of the anticipated launch of the iwatch, up 1.75%. blackberry also moving higher as the stock pushes past the $11 share level. the stock is up nearly 50% over the last month. a different story for tesla. it dropped in the aftermath of one of its model "s" cars being stolen. it then crashed, split into two and erupted into fire over the holiday weekend. its shares down 3.3%. gopro rebounding from thursday after doubling its ipo price from the week before. it began options trading today with a little fanfare at 5.33%. we end with king digital, maker of candy crush, marching above the ipo price at the open before profit takers moved in. it's trading down 1.8% at $21.47. back to you. >> mary, thank you. earlier today it was on session highs on an analyst upgrade. so, where does king stock go from here? should y

mary thompson is at cnbc hq with all the details. >> good morning, julia.soft could be planning its heaviest job cuts since steve bomber laid off people during the economic downturn. reports say the most recent job cuts could come as soon as this week. more analysts recently speculated that microsoft could cut 5% to 10% of its workforce or between 6200 and 12,000 jobs. reports say the cuts would likely come from the nokia hand set business and parts of microsoft that overlap at that unit as well as in account inning and engineering. microsoft right now has about 125,000 employees, including 43,000 in washington state. back in april, the cfo said the company expects to cut more than $600 million in costs in its business by the end of 2015. and the seattle times says those expenses will be related mostly to salaries and benefits. now, last week, ceo sasha nadella laid out his vision in a memo to employees. he talked about a flatter, leaner company saying nothing is off the table thinking about how we shift our culture to deliver on this core strategy. althoug

here's all the details with mary thompson this morning.hocolate, cigarettes, where do you want to start? >> we'll start with a smoke. a match can be lit under a deal that's been talked about for a while. we have confirmed that reynolds is still in a talk with lorillard. let's take a look, all of these are higher in european trading this morning. >>> well, the u.s. engineering and construction firm acom is going to be buying its rival for $4 billion. urs is seeing an 8% to friday's closing price. the deal will also create the largest publicly traded firm based in los angeles. aecom and urs worked together on the freedom tower in new york. we'll look at how shares are trading this morning. there we go. they are both higher in european trading. yes, that's european trading this morning. urs up 8.4% on the news. >>> whiting petroleum is buying t kodiak for 13.5% per share. they will combine for 10% of the more than 1 million barrels of oil that's extracted per day. whiting and kodiak right now, we'll take a look at how their shares are trading

here's mary thompson with that story. mary? >> hey, there, bill. visa is off the lows of the session, but the payments processing giant's stock is the biggest loser among the dow 30, this after the company lowered its revenue forecast for the full year. the strong dollar and decline in cross-border payments revenue, payments made in one country and used in another, behind the lowered outlook. the cross-border business impacted by unrest in the ukraine and rising political tensions with russia. here's cfo byron pollitt on yesterday's conference call. >> we see no signs yet of any acceleration in economic recovery and cross-border volume growth remains soft in the midsingle digits. >> visa earned better-than-expected $2.17 a share in the quarter on revenue in line with expectations, but full-year revenue, including the impact of foreign exchange is seen growing 7% to 8%, down from a previous forecast of an increase of 8% to 9% growth. visa says it's bullish long term, but any improvement in its short-term outlook will hinge on improvements in the glo

. >>> welcome back to "squawk on the street," i'm mary thompson.t got off the phone talking about the second quarter where the company beat the street if you take out items that beat 60 cents, and the second quarter called solid, talking about a discreet tax benefit linked to a review of the company's results over the 2006-2008 period reducing its tax rate to 1.6% for the quarter and expects a normalized rate of 30% in the third quarter. trading activity strong in the portfolio picked up at the end of the second quarter but not heroic. talking about a loan book, a key part of the company's strategy. certainly in the wealth management business said that the loan continued to grow for retail and corporate clients in the second quarter, an on the corporate side, the velocity of deal making continues to increase, and that should benefit both debt and equity underwriting, et cetera, in the quarters ahead. retail client, she said, appear to be pleased with their positions. they are not transacting a lot, although, they are engaging with the financial adv

mary thompson joins us with the numbers. >> visa coming in with stronger than expected results of $2.17 ahead of estimates of $2.10 a share. revenue in line with expectations at $3.16 billion. the ceo noted 159% the 15% incr in eps. its different business units, service fees, revenues were in line $4.2 billion. data processing fees pretty much in line with $3.2 billion. we saw a little bit of weakness in the international transactions at $860 million, below what some analysts expected of $906 million. the company also saying that they are seeing class a eps growth of 17.5% to 18.5% for the full fiscal year. visa coming in with better than expected earnings of $2.$2.17 a share. >> are we going to starbucks? not just yet. visa, much broader gauge of the economy. >> i think visa is a good gauge. do i worry a little bit about that weakness in the international transactions though. think that's a massive place where they need to be strong and growing. international transactions. obviously there are a lot of new competitive players in the u.s. and you are seeing more competitive pressures int

mary thompson, what do you have?according to dow jones, an examination by the federal reserve bank of new york, according to dow jones, says deutsche bank's u.s. operations suffer from a wide variety of serious problems, including shoddy financial reporting, inadequate auditing and oversight and weak technology systems. all of this, again, coming from a letter that was written by the new york fed. in the letter, according to dow jones, it says that some of the bank's u.s. a.r.m.s are low-quality, inaccurate and unreliable. these are the financial reports produced by the u.s. arm of deutsche bank, of course, one of the world's largest banks and a germa german-based bank. the letter says deutsche bank has made no progress at fixing previously identified problems. and then the report goes on to say that the letter, which hadn't been previously reported, ordered senior deutsche bank executives to insure steps were taken to fix the problems. it also said, this being the letter, that the bank might have to restate some of

mary thompson joins us from quincy college in massachusetts. s training students for those hard-to-fill jobs in biotech. mary? >> becky, this lab was created with the express purpose of producing biomanufacturing technicians. so not only do students receive hands-on training in the lab, they also receive classroom training in compliance which are the rules and regulations that govern the industry. we all know biotech is big. it's especially big here in massachusetts. the state is number one in biotech r&dwchlt but number eight in biotech manufacturing where they actually make the drugs. now, for companies like shire pharmaceuticals which makes three biologics at its rare drug facility up the road in lexington, massachusetts, finding workers to man the front lines can often prove difficult. here's shire's head of technical operations. >> the ideal candidate for us is someone who has been exposed to some of the hands-on laboratory work. the manipulation of equipment, use of diagnostic tools. those are the type of people most in demand. >> now that

mary thompson joins us now with more.it, moderated a little. jpmorgan also, both of them are still higher, aren't they? >> yes, both companies reported better than expected results, so that's giving them a lift in the premarket. we should note that jpmorgan's results were down from a same year ago quarter. the bank's net income dropping 8% hit by weak results and trading. that offset asset management businesses. revenue in fixed income trading was hurt by low volumes and volatility dropped 15%. mortgage originations dropped 66% in the quarter while profits in mortgage lending dropped 38%. still earnings of $1.46 a share were 17 cents ahead of expectations of $1.29 a share. the firm's revenue at 25.3 billion were down 2% from the same year-ago period. earnings we should note were impacted by a half billion dollars in legal expenses which trimmed 13 cents from the bottom line. in a statement the company's ceo jamie dimon said toward the end of the second quarter we saw encoiraging signs across our businesses, and while it's

thompson. more. >> mary tyler moore more lived >> yes. >> it was marla thomas. >> turn the world on with your yesell, here's a shocker. let's say you are sittingnseptae a guy sitting next to you clothd up with guns. sept police, they showed this, they sent us this a passenger had all that, on t m. al of those knives, bullets. >> uelievable. >> guns. i mean they are bee bee guns. they can still do damage. >> they lo real to hey confronted the man. when he got off tover t guns, 4b butcunch of bullets. the by is 49 years old. he will be charged, though he has bee-bee he be charged. a president found themselves in the tight spot. watch this thing a i'll tell you where it was. >> it shows the crowd quickly gathering to help, and to save her, you can see them using blankets and cardboard to help. >> eight months pregna. good: h recovering from the hospital. this happened in >> i think it is istanbul as a matter of fact. you see this in movies sometimes. >> yes. it looks like it work. >> it work. >> she didn't hit the ground. >> she's already. >> she is in the hospital. >> my goodness. >>> an ohio woman

mary norton, associate dean for global academic initiatives at felician college; tracy thompson, assistant new jersey attorney general; reverend michael bethune, who is a pastoral minister at covenant house; and finally, patricia devine-harms, community activist, excuse me, community advocate with the new jersey coalition against human trafficking. i want to thank all of you for joining us. throughout this program, you're going to see websites, resources, places you can turn to help yourself, help others in need when it comes to this amazingly complex and serious issue that we call human trafficking. let me ask you, tracy, human trafficking, eople talk about it. what is it? why is it important? t its very core, it's modern-day lavery, it's slavery, we need to abolish it. it's the luring recruitment or receipt of persons by any means, and now i'm getting into the statutory definition for the purposes of providing labor or services including commercial sex services by force, fraud or coersion. and let's be clear: you don't need to kidnap the person, you don't need to smuggle the person, you