in july.is christmas a preview of mattel's no, please, please, oh! ♪ (shrieks in terror) (heavy breathing and snorting) no, no. the running of the bulldogs? surprising. what's not surprising? how much money aleia saved by switching to geico. fifteen minutes could save you fifteen percent or more. extreme anxiety... pacing... a constant urge to move. if someone you know is suffering from schizophrenia they may also be struggling with akathisia: a common side effect of some schizophrenia medications. learn more at myakathisia.com. kimberly: heavy hearts tonight victimsi as the three killed him high-rise fire have been identified. this news as some residents are returning home to see the damage singed wall, fire alarm still blaring come in floated floors. many of those returning with nowhere else left to go. >> is completely burned out. >> right now we are completely homeless. kimberly: the building did not have a sprinkler system. investigators are still trying to figure out how it started. drinking wate

we will dig into mattel later in the show, julia.ulia.thank you, washington's health-care stumble is again raising doubts about whether tax reform will ever happen. after burning the midnight oil, the senate failed in its attempt to repeal underplays the affordable care act. majority leader mitch mcconnell says it is time to move on. but the white house budget director mick mulvaney says this battle is not over. here is what he told bloomberg tv later today. -- earlier today. >> i think you will see that the health-care debate will continue. i do not think the senate can or will leave town until they have done something. they recognize the political danger they are in by not doing anything before they go home for the august recess. my understanding is they will stay here for another two weeks, and they will pass health care. our national and political reporter for bloomberg news joins us now on capitol hill. how much was a surprise of the affection of senator john mccain, in light of the speech he gave earlier? someere is going to be

. >> move over barbie there's a new doll in the toy aisle, mattel wwe women wrestling dolls. it features 12 of the top women superstars. when mattel unveiled the dolls at san diego comic-con, the dolls will be on preorder monday. >>> we're putting the spotlight on the probiotic praise. paula ferris with the details. >> reporter: it's the kind of bacteria that's good for you. >> probiotics are found in yogurts, but now companies are cashing in on the fad, like with juices, water, and brownie mix. probiote beneficial bacteria and keep the gut healthy. it may help against micro organisms that are unhealthy. >> reporter: there's evidence that probiotics helps respiratory infections. >> in foods like sawyer -- sauerkraut or miso there's a federal -- fermentation. >> reporter: a mom of two growing girls regularly cooks probiotics into their family meals. what kind of difference did you notice. >> i noticed what i ate if i incorporated probiotics, i never get an upset stomach. and she invited us over to share her tricks. >> these are my staple foods this is what i cook with and eat

to win the first reality series in which toymakers compete to get their product made by mattel. of course. >> you can make any color. you can mix. >> reporter: the kit comes with sketches and dyes. once it mixes with water, it becomes liquid art. oh this is really fun. i actually feel like an artist even though i'm terrible with art. we're having fun with liquid art. it's washable bauds all moms and dads want it to be washable. and ken and barbie, as you can see, a little bit of a makeover. you're going to find slim, broad, and original. >> is that a ken doll with a man bun? >> this is a man bun. >> and jorts. >> and jorts. >> and jorts. >> what's wrong with jorts? jorts are always in style. >> what is is this? >> it's liquid art. >> the man bun. the jorts. >> rob, you're having fun with that wristwatch. you can control -- you're supposed to control lightning mcqueen. you're going to ruin the se play with a toy, i'm going to play with the toy. >> you're supposed to roll the water around. >> mom and dad in the control room are telling us it's time to cut this play date short. we'

he is a car junkie who quit the mattel gig to start hack rod with mouse. first chassis that has been engineered with artificial intelligence. ashlee: that ai sucks up data collected from the desert field test. felix gives it a few guidelines, and it spits out a body design. he tests it, feeds the data back in, and gets an even better car out. what used to take years and hundreds of engineers can now be done in a matter of months, or so hack rod hopes to prove. felix: we both come from that hot rod culture, that hacker culture. we looked at this like, look, we are not ford or ferrari or whoever. we don't have hundreds and hundreds of engineers to start designing a chassis from the ground up. and there is a real democratization of creativity and design going on that we stand for. ♪ ashlee: this car is called the mule. it was the first built using hackrod technology, and it has been utterly abused by mouse over the course of three days. soon it will be time to head back to l.a. and let the computers do their work to replace it with mule 2.0. what is your visi

here's an early look at mattel's lineup, which includes classic favorites and toys inspired by moviesr than lightning mcqueen. mattel rolling out this tech touch car where kids can interface with the back panel to perform cool stunts like this. >> you're not winning this. >> reporter: and fans of the new "cars 3" will find it hard to resist this. >> so it re-creates the speedway in the movie, and it comes up, and it's really cool. it's almost like the indy 500. >> he is better than even you. >> reporter: there's another movie inspiring toys this year. ♪ wonder woman mattel's "wonder woman" is the model of girl power. >> so, this is wonder woman in her teenage form. she has an athletic build. >> yes, she does. she looks strong. whoop wonder woman comes with her iconic lasso. but no lasso need for this doll. >> this is american girl. this is our one-of-a-kind doll. >> reporter: the popular american girl doll is getting a makeover to your liking. for the first time, you can custom order the doll, pick her hair, her outfit, accessories, making her as unique as you. >> when you order it, i

he is a car junkie who quit the mattel gig to start hack rod with mouse.e first chassis that has been engineered with artificial intelligence. ashlee: that ai sucks up data collected from the desert field test. felix gives it a few guidelines, and it spits out a body design. he tests it, feeds the data back in, and gets an even better car out. what used to take years and hundreds of engineers can now be done in a matter of months, or so hack rod hopes to prove. felix: we both come from that hot rod culture, that hacker culture. we looked at this like, look, we are not ford or ferrari or whoever. we don't have hundreds of engineers to start designing a chassis from the ground up. there is a real democratization of creativity and design going on that we stand for. ♪ ashlee: this car is called the mule. it was the first built using hackrod technology, and it has been utterly abused by mouse over the course of three days. soon it will be time to head back to l.a. and let the computers do their work toith m. what is your vision for where this company is in, lik

he is a car junkie who quit the mattel gig to start hack rod with mouse.st chassis that has been engineered with artificial intelligence. ashlee: that ai sucks up data collected from the desert field test. felix gives it a few guidelines, and it spits out a body design. he tests it, feeds the data back in, and gets an even better car out. what used to take years and hundreds of engineers can now be done in a matter of months, or so hack rod hopes to prove. felix: we both come from that hot rod culture, that hacker culture. we looked at this like, look, we are not ford or ferrari or whoever. we don't have hundreds and hundreds of engineers to start designing a chassis from the ground up. and there is a real democratization of creativity and design going on that we stand for. ♪ ashlee: this car is called the mule. it was the first built using hackrod technology, and it has been utterly abused by mouse over the course of three days. soon it will be time to head back to l.a. and let the computers do their work to replace it with mule 2.0. what is your vision f

and i still like hasbro, even up here more than mattel. mattel could have been a spec.ut hasbro is the real deal. lee in maryland, lee >> caller: cramer, yo. i want to buy some raid odeon >> no, it's got a multiyear run on it. i think you're okay. how about michael in new york. >> caller: hey, jim, huge fan of yours. >> thank you >> caller: i recently invested in a small cap surgery company mazor. >> they had a good quarter they shipped a lot of product. my understanding is, that last quarter made it. i would love to say, buy buy buy, but i would like to know what happened with the israeli s.e.c. alex in pennsylvania, alex >> caller: hey, jim, yourfathe was truly blessed. >> my father's birthday was on sunday, yesterday. thank you. >> caller: very nice, yes. what are your boughts about goose right now? >> i still like it at 19 i think it's a good story and i know that retail is challenged but this is a story domestic going international. i like it. josh in texas, josh. >> caller: greetings from texas, jim. >> how are you doing >> caller: doing well today. a lot better t

mattel posted a wider loss. shares initially fell after hours erasing a nearly 2% gain from earlier when shares closed at $21.30. and the video game publisher electronic arts topped revenue estimates but the company gave a weak sales outlook for the current quarter. e.a. said the higher sales of the games battlefield 1 and the sims helped earnings beat street targets. initially shares dropped after hours and also ended the regular section down a fraction to $117.60. >>> finding skilled labor is becoming an increasingly burdensome target for main street. it's making it difficult for small companies to find talent. in her latest installment of "small business matters," kate is in denver with how entrepreneurs are dealing with the skills gap. >> reporter: for denise burget, the biggest challenge in running the construction management firm is simply finding the right people for the job. her business is a second generation family owned company with 12 so 15 year-round employees, but depending on the size of the proje

hasbro had a disappointment, i think a few days ago maybe what mattel needs is that barbie movie you'reng forward to. >> no, don't even. anne hathaway in some weird -- stephanie. >> just have some old-school toys, period right? it's not really where people are and kids are playing not that they are not playing. it's not accelerating, and they have had a lot of issues, inventory issues, management change, cfo is going to be gone so i think this is in a complete show-me mode a lot of value stocks out there. this is a tough one. >> did slash the dividend to sort of conserve cash. >> yeah. >> also you have to point out for a company like mattel, second quarter is not the most crucial. really it's a fourth quarter kind of make or break. >> arts and crafts are always in season. >> michael yosikami, what were you going to say >> what i was going to say is they actually do need the barbie movie, i'm not kidding they actually need some sort of intellectual property that they can get out there. i mean, if you look at what marvel has done, they need something like that. now, i don't know how you m

after the close, amazon, intel, starbucks and mattel >> among the biggest names to watch, facebook.s rising on better than expected results julia boorstin has more. good morning to you. >> with over 2 billion active monthly users, facebook surprise the with user and advertising numbers. revenue grew 45% to 9.32 billion, with earnings growing 69% to $1.32 per share that was 19 cents higher than analysts expected. i spoke to cheryl sand derg abo sandberg about what drove those results. she pointed to instagram and is pleased can the success. >> people are using our processes to connect and provide community on mobile phones we also have 15 million businesses using business profiles on instagram. that joins our 0 million business pages on facebook those are places where people are connecting with each other but also businesses are connecting with the consumer >>> on the earnings call last night, mark zuckerberg reported on what will eventually drive the next leg of growth >> we're also working to build a business ecosystem around messenger and watts uhatsapp. both have large communitie

. >>> mattel's long-time finance chief is stepping down kevin farr is leaving after 17 years as cfo this month after mattel slashed its dividend to pay for its restructuring. >>> and sysco says bill delaney will step down he will stay on as adviser through next year. >>> shares of select comfort are falling today. the mattressmaker reporting a second quarter loss and revenue missing forecasts. the company cites an inventory shortage and a shift in deliveries in the third quarter. >>> still ahead a round up of the big international stories breaking overnight including the big change, is that could be coming to nafta. >>> plus why the campaign to stop brexit is gaining steam. >>> first another check on european trade we are mixed at this point the ftse 100 is the standout "worldwide exchange" will be right back for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prev

mattel is down big, fewer people buying barbie dolls and fisher-price toys, 8% drop. hit in five years, down 7%. they lowered their forecasts for the rest of the year. they will take your stock to the cleaners. check the share price of fiat chrysler. the epa gave him the go-ahead to sell new diesel vehicles blues not much impact, 1.5% higher for the stock. first solar, demand for solar panels up, giving an upbeat forecast, deutsche bank raised its forecast up a solid 9%. we expect more details of the gop tax reform plan today. we know the border adjustment tax is out. our next guest is one of the people who writes the tax code, he does write it loses name is kevin brady and he is chair of the tax-writing committee and the congressman joins us now. welcome back to the program. good to see you on a particularly important day. why should we have any confidence that you can get tax reform done or even a minor league tax cut done when you can't do anything about obamacare? >> last night's action was awfully disappointing. healthcare is still clashing around. i am always ho

mattel and starbucks are both lower.sted third-quarter share came in larger than expected, and starbucks third-quarter sales grew, but were disappointing due to -- china. julia: next we had to london's bond street, where we look at rolls-royce's eighth generation phantom. don't miss our interview with the ceo, next. this is bloomberg. ♪ [applause] [laughter] julia: rolls royce just unveiled the phantom 8. the latest version and a sentry-long line of luxury vehicles. av 12 engine to it's all aluminium and deeply customizable options. it is the most technologically advanced and most silent motorcar in the world. i am excited to say that we have the rolls-royce ceo here. he joins us with the new phantom on bond street. great to have you on. you likened this to a magic carpet ride. demented because that is part of the system. tell us more. guest: hello, first of all. a magic carpet ride is what rolls-royce is famous for. we have set ourselves some ambitious targets when it came to engineering, designing, and defining the pha

their profit outlook mattel missed. starbucks disappointing. been rough for the consumer discretionary stock. big story is in oil. exxon, 52 week low the chemical business did okay same situation essentially with chevron, although they had an earnings beat. exxon did not. you see the differences between the two of them. look at how difficult it was for these guys to get the earning situation. they kept cutting the prices of the analyst expectations for exxon's numbers. 22% eventually they still couldn't get it right. that's because nobody could get the direction of oil right, so where is oil going look at this a lot of people are talking about royal duchess ceo. he came out yesterday and said we have to -- we have projects that are resilient in a world where oil has peeked lower forever. yeah, that's the mindset guys, lower forever, that was a big moment out here. that was the big talk on the desks late last night. back to you. >> robert, thank you very much let's bring in roger reed, an oil analyst with wells fargo joins us on the cnbc news li

mattel and wwe, that would be the wrestling people, they're teaming up.e got a new line of wrestling dolls for girls. all right, give me the full story, lori. >> well, as you know, stuart, mattel has been having a tough time. shares are down year to date and lower tear sales guidance. my guess, kids today just think barbie, a little too prim and proper, so mattel is teaming up with wrestling entertainment. serve shah banks, charlotte flair, that's wwe superstars and according to the wwe, the mcmahons, 40% of wrestling fans do happen to be women. so, they're hoping the wrestling organization is happening this will empower women and mattel is desperate for anything at this point. back to you. [laughter] >> i get your point. lori, thank you very much indeed. stuart: thank you. stuart: before we get to the next story, general electric as you know is way down and its loss this morning on the stock market amounts to $11 billion. that's how much the value of ge has come down this morning. here is another big number that we have been talking about, more than $4 t

with regulation threatening to remove content that is not actually illegal we discuss the issue with mattel your book i mean a political activist group shout out u.k. he believes the law risks leading to censorship everywhere you look on the internet there is how you treat each for defamation law and those kind of things but there is a problem when you start to try and tell private enterprise corporations to try and do it and then there's also this issue that you've got to find what it is you know for someone hate speech may be actually true for vice versa you know how do you define what actually is a reality in every single newspaper in. you never know the sun has a slant of some kind or another part of the problem where you've got a government which is essentially trying to do that for the people who are saying well this is this we don't regard as new so we're going to get rid of that for you're going to get rid of that and you need to watch this kind of news and i look at it only fru fru this kind of lens now becomes quite dangerous is essentially censorship you can call it regulation yo

brand names include hasbro, mattel and fisher-price. >>> moon dust, along with moon rocks collected by legendary astronaut neil armstrong are zipped up and ready to be sold at an auction in new york. jackie ibanez gives us a closer look. >> reporter: this is the back astronaut neil armstrong used collectively dust during the first ever lunar landing. it will soon go up for auction at celebes in new york. traces of lunar dust and tiny moon rocks are still embedded in the bag >> it is in outer decontamination bag. it was used to protect those samples from potential contamination from us on planet earth. but also to protect the spacecraft and planet earth from any potential contamination of lunar pathogens. >> reporter: the bag has been on a half-century trajectory when it was misidentified and nearly landed in the trash. made of the same fire retardant material as spacesuits, it is expected to sell between $2 million and $4 million. >> they sent it to nasa. it was tested and they found it was little material and it was dust from the apollo 11 mission. further research showed the bag was

joining me now, conservative commentator ashley pratt, and al mattel . >> it is interesting the poll results you quoted that reflects the election too, hillary won the popular vote but trump won electoral college he is staying strong. liz: a good point. what did you think of media focusing on just one poll? >> they are doing their due diligence in reporting that, but it does need to be more balanced. what is interesting about this, is given whole timing of this now, health care failure, whether or not moving forward this does affect some of those counties, what we need to remember moving forward is that among his strong base of supporters, a lot of them wanted to see repeal and replacement that is a narrative. moving forward. because you know can they stay happy if legislative successes don't follow, a lot of people put a lot of hope into donald trump. republicans benefits from his candidacy. liz: a good point. i hear what you are saying, we have veteran journalist carl bernstein asked if trump administration is anything like watergate, he did not quite agree. but he said that media

mattel brings them all here.ut it's biggest draw, the new bat mobile, ben affleck drives in the upcoming movie "justice league." >> our designers love comic-con. it's an awesome experience. they're true fans themselves. the designer is a huge batman fan and it was a passion project for his that we actually made a reality. >> reporter: if you want to see that bat mobile in action, justice league hits theaters in november. now from the only person wearing a suit not connected to a superhero, from san diego, for abc 7 news. >> he's ready to go. you should see the costumes he's trying to pick from. i'd like to take that to work. >> reporter: madison bumgarner takes the mound on "game of thrones" night and suffers the same fate as ned stark. if you watch ga"game of thrones that will make sens noo introducing the easiest way to get gillette blades text "blades" to gillette on demand text to reorder blades with gillette on demand... ...and get $3 off your first order >>> brought to you by your local toyota dealer. madis

mattel trending down in sympathy. something we are not seen for any time is blue apron come up 18%. this is a chart to show the pop after many other investment banks initiated today with a by reading or an equivalent of a by reading. the stock is worth noting that it's down more than 20% from its ipo price of $10. the ratings suggest that $10 is the fair price for the shares. pretty interesting there. turning to snap and pandora. snap is another recently ipo stock that has been having trouble. today it's down once again. it's not clear what's happening there. could be another down day in july. snap has only had two updates, but pandora up 2% after janus partners disclosed a position in the stock. the size of the position unknown, but shares reacting positively. as for snap and blue apron, both of the stocks well below the ipo price. 2669, itok at g #btv does seem to be par for the course for internet related stocks. this goes back to when pandora first ipo'd. act below its ipo price, but facebook and blue, it initially dipped. down 50% from its ipo price in 2012 and now climbing sky

mattel coming out with its numbers.hey have been trying to push more into technology, a technological based toys. still seeing a slowdown and brands like thomas the tank engine an american girl dolls. starbucks, they are comparable sales growth is lower than what analysts had anticipated, closing all 379 of its devonte stores. havearnings snapshot, we 287 of the 500 members of the s&p 500 who have reported sales growth running at 6%, earnings growth at 10.5%, the rate of sales surprises has gone down a bit over the past week. 73% of the sales reports are about analyst estimates and 78% is the rate for earnings. mark: busy day for european banks earnings as credit suisse reporting a better than estimated 78% increase in second-quarter profit with shares of switzerland's second-biggest lender rallying on the news which comes halfway through their chief executives three-year restructuring program. we sat down with him and we asked where we have seen areas of growth for global markets and what makes him optimistic? >> europ

disney down 8% and pulling down its rival mattel as well. what are we seeing in europe? mark: down for thursday, the worst run in july after falling for the first week in three. last week, automakers, you see slumpoday extending their as the eu says they are studying possible collusion among german producers. arestors in auto companies concerned the industry faces another major scandal following the diesel emissions crisis. a stronger currency, a stronger euro forcing european stocks to give up their winning position they held among global peers earlier this year. halvedo stoxx 50 has its gains. it is now leading the world index by the most since october. that is the red line. the euro rally picking up that meeting on thursday, helping extend the equities to their biggest weekly drop. big earnings week here as well. switzerland's third-biggest private bank exceeding its target for new money in the first half, up by six point sent -- 6%. strong inclines were the area has set up recruitments to private bankers. new money was held by strong inflows from asia, the middle eas

mattel unveiled the dolls at the san diego comic-con and the dolls will be available for preorder one right back. >> philadelphia police searching for a gunman after a man is shot and left for dead overnight. >> we're ready to get into the air-conditioning soon. >>> plus, the heat is on, again. it's tough keeping cool while taking in the sites of the city of philadelphia when the mercury climbs in the mid 90s. outside we go meteorologist chris sowers joins us with the exclusive accuweather seven-day forecast, you say chris, relief is on the the way. >> reporter: it is, it can't stay like this forever, right, gray? i mean the luck that we've been having wouldn't surprise me if the rest of the month was like this. there's relief in the exclusive accuweather seven-day forecast tomorrow temperatures back in the 80s. the transition going from oppressively hot and humid to comfortably cool in the low 80s we'll see fireworks in the form of showers and thunderstorms later on. in the meantime we have leftover downpours this is the lone cell over lbi beach haven and brighten beach along long b

i was commissioned by the toy company mattel. they gave me 500 cars.s fate would have it, hoop's wild ride is coming to an end as well. >> tell me what happened. >> he had a rash. he just thought it was psoriasis. and then he got this one rash that didn't disappear, and it continued to get worse. >> the diagnosis -- cancer. >> my artwork gives me inspiration to keep going. i get up, and i look out the window, and i said, "i got to do a little more to that car today." [ barking ] >> hoop keeps up his life as an artist and new york character with help from his older brother. >> i gave him all kinds of nutritional stuff. he had no side effects from the chemo at all right until the very end. >> in september 2011, hoop dies at the age of 64. >> it's a hole in your life when you lose part of your family. nothing can fill it. >> hoop leaves everything to his big brother, hugh. >> we were opposites but totally bonded. what was mine was his, and what was his was mine. >> and now, what's hugh's are two strange inheritances in one, and as you're about to see, a b

morgan stanley >>> mattel reporting a better than expected loss sales of the key power brand barbie fell% globally. down 5%. a worse than expected loss >>> shares of boston beer are soaring. the company beating wall street expectations on the top and bottom lines up 14%. >>> expedia reporting a mixed quarter, earnings missed by revenues topped forecasts. be sure to catch our interview with the expedia ceo today at 10:20 a.m. >>> busiest week of earnings season wraps up with a few more big names reporting results. before the bell chevron, exxonmobil, merck and american airlines look for the first report on q2 gdp, that is coming at 8:30 al eastern. neel kashkari will be speaking later this afternoon >>> futures are pointing lower down about 0.6% for the nasdaq it was leading the charge lower yesterday as well. let's check in on what's on the agenda for "squawk box." andrew has a preview from new york city. good morning >> we will dedicate the next three hours to the mooch that's the plan. we will talk about steve bannon, and sort of anatomically what would be required to do all those thin

mattel today unveiled a new line of what they call diverse ken dolls. these are the dolls.t's like the cast of "the bachelorette" only with more personality. [ laughter ] the weird thing is even though it was done in the name of diversity they're all named ken. they don't even have their own names. [ laughter ] it's true. this one is my favorite i think. this looks like -- this is the ken doll who uses tinder to cheat on barbie. [ laughter ] they've got a ken with a man bun. [ laughter ] which your little brother's definitely going to tear the head off of. every one of these ken dolls looks like a guy you'd jump in a fire to avoid having a conversation with. i don't know what's going on with this one but i'm fairly certain this is rachel maddow. right? [ cheers and applause ] amazon, i'm sure you heard about this. amazon announced on friday a deal that shocked the business world. amazon is planning to buy whole foods, the grocery stores, for $13.7 billion. or to put it in whole foods terms, for five cans of macadamia nuts. [ laughter ] the ceo of whole foods said this idea

mattel is leading the decline. getting revenue much weaker than what was expected for the month.isted in terms of bond and number of broker grades -- upgrades. of thethe opening up china hong kong bond connect today. you can see if you are looking for yield, you should get into this china generic market is we have a yield on the 10 year rise more than what we have seen in the u.s. on market, also germany's 10-year and japan's tenure goes back to 2012. it's a $10 billion bond market open to foreign investors. it's currently about 2% of those who own china bonds are foreign investors. certainly some high yields. juliette, thank you very much. prime minister shinzo abe faces tasks afterardest the ruling party lost japan's assembly. it's the lowest number in the capital. anna: the vote could be seen as an indication for the outcome of japan's next national election. joining us from tokyo is isabel reynolds. why but this result such a disaster? what explains the weak performance? as you said, it was an appalling performance by prime minister abe and one is the star power that took his

>>> we got through the morning amazon, intel, starbucks, electronic arts, mattel and those are just headliners, john. >> the cloud going to play big into both amazon and intel intel on the data center side. >> looking at facebook shares, up 5%. there's the setup. see what amazon does next week. >>> let's get to the judge in "the half. >>> welcome to the halftime report i'm scott wapner our top trade this hour, the warning heard round wall street. why howard marks is growing more cautious on stocks saying it is better to sound the alarm bells now than after a serious correction is underway. >> since we never know when risky behavior will result in a market correction, i'm going to issue a warning today rather than wait until one is upon us sure this warning is likely to feel premature and perhaps it is, but i think it's better to turn cautious too soon rather than wait until it's too late. >> in addition, marks writing that asset prices are high, quote, across the board. that there are few bargains to be had and that a growing number of investors are embracing increasing risks to achieve their

my dad is leaning on a very large hot pink mattel box containing what is known as a "my size barbie doller dress and hair and wear them as their own. even though barbie is now like naked and bald on the ground. and this was rapunzel addition. >> seth: okay. >> so it had like a gold lame, and pink chiffon gown with a big braid. so my dad looks at me and he was like, "fix her up, you're artistic." which is basically indian code for "you're gay and i don't know it yet." [ laughter ] so i'm like froofing the skirts on this thing. he gives it to my mother who has the reaction that most people would have which is "oh, it's great." you know? and my dad like puts it under his arm like he's darren mcgavin in "a christmas story." you now, with the leg lamp? >> seth: yep, yep. >> so my dad goes upstairs. come home a few nights later from rehearsal. every -- everything is quiet in the house. let myself in the side door. and there's this weird light coming from the back of the house. so i walk around the corner and i scream. 'cause my dad has bought a fitted curio cabinet for the barbie doll. [ light

>> hasbro against mattel has been a winner for this desk for years now.iously much like honeywell and ge one's a winner, one's a loser. people are starting to question can this piggyback effect on toys off of movies continue? this quarter says no this is hot not a historically strong quarter i think there's going to be an opportunity to buy a stock i think the opportunity is going to present itself at 98 bucks. >> karen >> i agree with guy. i like to let it shake out, see the analysts start to rethink, maybe come out with not so positive notes tomorrow. and let it shake out it's great -- brian goldner's done a tremendous job. it's not so cheap you have to dive in. >> catch the rest of jim cramer's interview with brian goldner tonight on "mad money" at 6:00 p.m. eastern time. >>> switching gear, democrats taking on drug pricing as part of a better deal economic platform unveiled later today. meg tirrell has the latest reactions. >> when you compare the main point of today's plan with others proposed by democrats some say it may indeed be a better deal for

. >>> we got through the morning amazon, intel, starbucks, electronic arts, mattel and those are just >> the cloud going to play big into both amazon and intel intel on the data center side. >> looking at facebook shares, up 5%. there's the setup. see what amazon does next week. >>> let's get to the judge in "the half. >>> welcome to the halftime report i'm scott wapner our top trade this hour, the warning heard round wall street. why howard marks is growing more cautious on stocks saying it is better to sound the alarm bells now than after a serious correction is underway. >> since we never know when risky behavior will result in a market correction, i'm going to issue a warning today rather than wait until one is upon us sure this warning is likely to feel premature and perhaps it

. >>> mattel reporting wider than expected loss.ales of the key power brand, barbie falling 5%. >>> shares of boston beer are soaring. the company beating wall street expectations on the top and bottom lines >>> expedia reporting a mixed quarter, earnings missed but revenues topped forecasts. the ceo of expedia will be on today at 10:20 a.m. eastern time. >>> barclays reportsed a net loss of 1$1.6 billion for the first half of the year the bank was het by the fait by sterling a charge from the misselling of payment protection insurance scandal and a loss from the sale of its africa business >>> ubs reporting a 14% rise in second quarter profit. the bank's ceo says he is still cautious and the company is suffering from low volatility. ubs stock down 3.6%. >>> bmp paribas reporting a better than expected second quarter profit the bank was helped by strong results from its corporate and investment banking division. >>> credit suisse reporting a 78% rise in second quarter profits. that was above forecast. the bank benefitted from a stro

winning the championship every of your childhood affects the probability that you like the team is mattel. for example the mets have a lot of fans who are born in 1978 to 1961 because all of these men were boys when the mets won the championship. and you can see that across teams that when a person is eight they have a lot more fans. the point of the study is the value of the data. i don't think you can replicate this in a survey. the small change over time that you can compare when the mets are doing better. but you can see the changes over time. but to really see that subtle pattern you need data on how many met fans are there among men born in 1978 and how many met fans either born in 1979 and 80. you can never see them on a survey with 1000 or 2000 people. the point is you can really zoom into tiny populations and he still have a big sample. because facebook had everybody there's samples for any year in every team. >> so that works because facebook covers everybody is your same. and in the book you work in some papers based on the population and obviously that's more like the senses f

been busy this morning it will get bezyer as we await amazon, intel, starbucks, electronic arts, mattel more we'll get "squawk alley" in a couple of minutes. playing ] it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the gle350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. she can't become a guitar legend just by playing air guitar. the baby's room won't build itself. and her paw won't heal on its own. we're all working forward to something. synchrony financial can help your customers make it happen sooner. so she can plug into her dreams... and they'll have a new addition for their new addition. whatever you're working forward to, even if it's chasing squirrels, synchrony financial can help you get there. >>> welcome back to "squawk on the street," everyone. i'm seema mody we're watching the tech sector on pace for a new record closing high 18 tech stocks hitting new 52-week highs in earl

nasdaq, as you mentioned, big decliners, 5% drop in netflix and starbucks is the worst performer and mattelext and western digital down 7.5% and mikon down 2%. baidu's earnings beat. that stock was up 9.5% i'm sure we'll talk more about amazon and that doesn't matter amazon, does it move or the company? >> doesn't matter what they report literally jeff bezos could have come out and said we'll never make profit, and you know what i'm saying directionally there's so much faith in him, and it has been well rewarded over time. i'm not saying you shouldn't have faith of all i'm saying is, you know, with almost any company, now i would say with the exception of netflix and amazon, they seem to be untouchable in terms of valuation. >> yeah. reminds you of that a little bit. >> brian, want to bring you in here as you look at how everything is shaking out as well are the there opportunities from some of these dislocations, or is there any overall message from earnings? should people be looking for more opportunity in this market? >> i think that's a real message here that earnings are beating expect

mattel also weaker nasdaq sitting it out, down half a percent. everyone else is higher.ing some record intraday highs >> we told you friday about illinois's state budget problems new jersey now is having some problems of its own. i'm confused this morning ton instagram, i sa a photo of kate rogers drinking wine in napa valley. but now she's suddenly at liberty state park in new jersey with this story for us i don't know how you do it, kate >> reporter: bill, thanks for outing me on the air that was this weekend and there's no wine here but, listen, if you guys are looking the to hit a state beach or state park this weekend in new jersey, you are out of luck. that's because more than 50 state beaches, state parks, historical sites and recreational areas including liberty state park where we are right here in new jersey, they're all currently closed to the public this is because the new jersey state government shut down at midnight on friday after republican governor chris christie and the democratic-led new jersey state assembly failed to strike a budget deal. but, given

shake-up at the top happening at mattel, ceo will be stepping down.over year as you can see from the chart. the truth is what we keep hearing on this program is that this market has been rallying not only on expectation of the economic agenda out of the trump administration but on fundamental strength, on earnings. >> yeah, i think there's two things that we have talked about. there's tremendous amount of optimism and now as things start to weigh, health care, taxes, the actual deployment of cap x, wait and see attitude. maria: again. for eight years. wait and see attitude on cap x. >> corporate america, you mentioned earlier, digging deep, figuring out ways to drive productivity, increase earnings and be able to deliver whether it's share buybacks or acquisitions, we will talk a a little bit later. these are mega deals. maria: i've been optimistic that they will get something done on taxes but the latest health care setback, dagen, do you think they will get anything done in this legislative year? dagen: the white house and the individuals in the adm

top and bottom lines but revenue in several brand categories fell well below estimates shares of mattelrning. that company set to report on thursday one of uber's biggest rivals in asia reportedly getting a new chunk of cash. grab says it expects to raise $2 billion in new funding from existing investors, softbank and didi the singapore based company's valuation will be above $6 billion. >>> now democratic leaders unveiling a new economic platform called a better deal and takes aim at big business and drug companies, in an op-ed house minority leader nancy pelosi writing the plan will create jobs, crack down on monopolies and big corporate mergers and lower the cost of prescription drugs among the other proposals, a trust buster or person focused solely on scrutinizing enforcement authorities. an independent agency to take on prescription drug prices it will be able to slap fines and drugmakers and jack up prices the platform would also give businesses tax breaks for training workers on the job and promote apprenticeship program >>> and president trump's adviser and son-in-law jared kus