mattel's stock dropped eight percent. ( robin )the list of products

barl bee maker mattel said it is cutting more than 2200 jobs. for the fourth straight kwr with the company falling short of wall street estimates. a spokesperson said the closure of toys r us deeply affected sales. mattel said the job cuts are part of a cost cutting effort and will most affect office workers. the cuts amount to 22% of its global nonmanufacturing work force. >> as you head out to the movies you'll be seeing stars quite a bit. check out usa today's list of most in demand actors. tom hanks in 10th place preceded by chris pratt and johnny depp, seventh woody harrelson. break out star tiffany haddish is in 6th place. margot robbie in 4th. octavia spencer coming in third. the wrestler turned actor duane johnson gets runner up and the guy hollywood can't seem to get enough of, james franco. that's a bit surprising . >> i thought it would be switched. duane johnsson the rock has been number one in past. >> we'll see if it switches. >> the internet's favorite mom will be a mom again. remember the giraffe who skyrocketed to fame last year

mattel upgraded to neutral from underperform at d.a. davidson. the analyst cites possibili takeover of mattel. the price target is $14. mattel lost a couple of pennies to close at $15.58. >>> still ahead cbs's board investigates the crond th-- ceod the stock drops. -- ceo and the stock drops. ceo and the stock drops. ceo and the stock drops. ceo and the stock drops. >>> cbs shareholders got a surprise today, a report released by new yorker a little sexual misconduct byeo les moonves, credited with helping make cbs a t juggerna. cbs said all allegations of misconduct are to be taken seriously. cbs committed to investigating claims that violate the company's clear policies in that regard, end quote. the shares tumbled. julia boorstin with aat loo why thereaction was sharp and steep. >> the investigation into les moonves comes as theny is in the midst with legal battle with viacom control shareholder and national amusements. after she advocated for mbination of the two companies, cbs led by moonves sued for a dividend to dramatically lower the stake

mattel anuncia despidos masivos . asÍ comenzamos.aludamos carolina salazar y borja voces en este 31 de julio Último dÍa del mes. carolina: increÍble cÓmo se va rÁpido el aÑo. conversamos un infierno en california . varios incendios en buena parte del estado han sido catalogados por bomberos que trabajan a mÁxima capacidad como explosivos, al menos ocho personas han perdido la vida, cerca de 800 viviendas han sido consumidas. 10,000 mÁs son amenazadas por este fuerte incendio, como ustedes pueden ver, las imÁgenes son devastadoras. impresionantes imÁgenes que surgen en este momento de california, que llega desde el sur de california hasta la frontera con oregÓn. borja: siguen saliendo a la luz los testimonios de las familias que lograr escapar de los feroces incendios. Éste es nuestro vÍdeo del día y se la familia sÁnchez de california y deja ver el momento de pÁnico en el que huye de su casa, cuando su vecindario es consumido por torbellinos de fuego. vamos a escuchar este testimonio. carolina: dustin sÁnchez, su padre y su hijoconsi

but mattel refuses to give up we'll catch up with him again later. sylvia ghana is on her way to her new apartment it's a fifteen minute bus ride from historic venice to maghera on the mainland. us what would you miss. friends but time really don't want to live in the city anymore. on average two phoenicians abandon their hometown every day here on the mainland rent such just a quarter of prices in venice and the quality of life is better. there's more room for example for a spacious kitchen. simply shit looks ugly from down below this is nice that we have this huge terrace. this least it often smells of curry out here but that's good to hold. on and you have a view of fairness. mattel's sakhi has yet to find a new apartment a couple of years ago he founded the citizens action group the voices protest against commercialization and mass tourism called for next year dot com. this is the you know what actually of the very nice. lady said it was only. a wall the very nice is not a city anymore but there is a particle i could. while here earlier then the

mattel was based in el segundo, california with about 28,000 employees. >>> we are begging you to help us find who murdered him. >> a family's plea for clues in an unsolved murder as police released new photos in the case . >>> and water on mars? raising age-old questions about whether mars can support life. >>> the heat advisory remains in effect on friday -- how that impacts the rest of the week and the weekend. >>> misty sanchez on the nine as she raises awareness to keep other children safe, tomorrow on "mornings on 2". >>> san francisco police are releasing new images of a gunman who they say shot and killed a man two years ago. christian tells us about the renewed effort to solve this case, plus an emotional plea from the victim's family. >> take a close look as police say this is a gunman who -- shot and killed victim 24-year- old mitchell warren. now his sister and family are speaking out, his sister hoping someone will come forward to identify the gunman who killed him just eight days before her wedding. >> he was supposed to be there and not having him there and still knowing

mattel's stock dropped eight percent. (vicki) the list of products being recalled continues to grow...because of salmonella concerns. the recalled products are goldfish crackers, ritz crackers, swiss rolls and frozen chicken dinners.... the whey protein used in all these products could be contaminated with the bacteria. a powdered milk supplier is behind the large recall and all these companies use the same supplier.... flowers foods recalled swiss rolls including the ones sold at walmart's.. and pinnacle foods is pulling "hungry man chipotle bbq sauced boneless chicken wyngs." no illnesses have been reported... the companies urge you to throw out the products or return them to the store for a refund. (vicki) ahead at nine... a teenager's trip to the beach lands him the e-r-- as doctors find something moving inside him... the warning his mother is telling others not to do-- that left her son scarred for life... (grant) plus... a six- month-old baby boy dies at a day care.... why the baby's parents say this could have been

football but it seems there is you know there's also been pointing out in these tweets that low to mattel yes the sort of star footballer from the one nine hundred ninety s. for the german national team he had his picture taken just a couple of weeks ago with vladimir putin joining the world cup in russia and he says oh you know if the german media haven't criticized go to mattel yes but that it's not entirely true actually even the bit so i told which happens to be a columnist for said you know it was a bit dodgy being photographed with an autocratic figure like that so i think football is nowadays they know that they are certainly at the top level of the game they know their kind of baggage carry isn't flag carry is for their nation and for the game as a whole and they have to be a bit careful when they enter the public arena chris i'd like to ask you a little bit more about the t.s.b. itself because we have to mention you know has not been the only critical voice of the organization where does it go from here and i mean what example is it setting right now for you know young multi-cult

and there is just no buzz for its products [ buzzer ] >> mattel has been under pressure from activistnvestors and recently brought in a new ceo. i'd much rather play hasbro. they don't need a turnaround they just need to get over the toys r us hump again, i'm not saying the stock is ready to roar here. when hasbro reports its next quarter, it's possible the stock could get hit. that's why i recommend buying some right now and waiting for earnings related pullback two weeks from now before buying more bottom line, if the aftermath of the toys r us liquidation plays out anything like sports authority, and i think it will, you're going to want to build a position in hasbro for the next six months it's the nike of the toy space and i think it makes a terrific long-term holding. just remember that you need to be patient before you put on your full position i think we'll look back and marvel that we got this amazing opportunity. brad in texas, brad? >> caller: howdy, mr. cramer how. are you today? >> i'm having a real good day. how about you, brad? >> caller: real fine, thank you, sir. >> o

to find out i meet up with mattel seche and his family he works as a night porter like his daughter carla he was born in venice the family's lease is about to expire and they're facing eviction they need to find a new apartment in their hometown. because their offers. a long time ago yes now. is not a very usual. or. by the newspapers. a disaster because. their owners. ferrero range the department. weekly. saw daycare earn much more than. the following day my tire takes me to have a look at his apartment located in a typical residential area in the old town. he pays nine hundred euros for just fifty square meters. we have a contract we call of order and two for your four years and then we read another four years or so i am in my seventh year so the next here i don't know if the owner want to me in the parking again they can kick you out that easy. if the kong if the contract is over he can do with it can you tell me i don't want you anymore because i want to rent the apartment to somebody else or two that you used and he can leave me. and this is my bedroom and with about my gold thirty i

to add to the strain mattel like many in the tourism industry risks losing his job at the end of the season i want to know how things turn out for him and we agreed to meet up again. the tourists enjoying the sights of the lagoon city see no signs of the fight for a living space taking place behind the scenes. shattered windows i'm told are usually an indication that the space is no longer lived in my local these are tourist apartments only there are no tourists staying right now but even a short term vacancy is worthwhile because tourists pay much more than long term tenants today there are more privately operated tourist lodgings than hotels that's good for tourists but can a city function normally under such conditions i meet with giuseppe to tara a professor of economics in venice he has started the flow of tourism revenue into the city and confirms that living in venice is becoming increasingly difficult for its residents. oh yes they go there you know they displaced of course the residence of accommodation. and there is very profitable to rented to use the house. is. the father

. >>> some of your big individual money stories include mattel shares are down sharply. earnings and revenue falling short of estimates among the reasons, the toys "r" us liquidation continues to hurt the company. they plan to cut 22% of its global nonmanufacturing work force and selling factories in mexico. >>> airbusshares rising to a record high in europe. the company with better-than-expected results, costs fell on the a350. >>> inbev topping expectations the brewer getting a boost from sales related to the world cup watch soccer, drink, that's a goal let's get the check on the morning's headlines outside of money and business phillip has that >> good morning. a group of republicans in the house are launching an effort to impeach deputy attorney general rob rosenstein and accusing him of stonewalling the investigation into election meddling the articles of impeachment were introduced late yesterday. democrats have slammed the effort. >>> a shocking road rage attack caught on camera in new york you have to see this two drivers they started sparring after police say on

we saw mattel your prices -- material prices go up.hey are bigger producers of machinery for the mining industry. have hired their forecast for this year. wall street seems to be a bit skeptical. >> talking about those tensions, we have tyson, the biggest meat producer in the u.s. issuing a profit warning. >> the broader agricultural industry is one of the few in the u.s. where you see a trade surplus, winning those companies export more than import. with tariffs and countermeasures from countries like china or mexico, we do see that there was quite some pressure on the meat industry. prices are falling. these prices hit the lowest in about nine or 10 years. that is why tyson food saw the need to lower earnings expectations quite a bit. they will come out with their earnings reports next week. this stock got hammered by almost 7.5%. >> in new york, thank you. this is another brexit related blow for london. this will be handled by a division of the frankfurt stock exchange. clearing houses as middlemen between buyers and sellers of fina

. >>> meanwhile, mattel is cutting jobs. it will affect mainly office workers.he company has some 28,000 employees and is looking to cut at least $650 million in costs. >> attention, walmart shoppers. later this week walmart will begin a pilot program using self-driving vehicles to chauffeur customers who have placed grocery orders. shoppers in chandler, arizona, who ordered groceries from the walmart website can catch a ride to the store from their home in a waymo van. you don't have to lean the van. a walmart store employee will bring your groceries to you. anne-marie. >> i love that idea. >> i like it. >> diane king hall at the new york stock exchange. thank you so much, diane. >> all right. thank you. >>> still to come, martian discovery. what scientists found just beneath the planet's frozen surface. but meningitis b progresses quickly and can be fatal, sometimes within 24 hours. while meningitis b is uncommon, about 1 in 10 infected will die. like millions of others, your teen may not be vaccinated against meningitis b. meningitis b strikes quickly. be qui

the job cuts come just months after mattel announced it was closing its new york office ... about 100 people. the company says declining sales are tied to the toys 'r' us bankruptcy. following the announcement ... mattel's stock dropped eight percent. ( robin )the list of products being recalled continues to grow because of salmonella concerns. the recalled products are goldfish crackers, ritz crackers, swiss rolls and frozen chicken dinners. the whey protein used in all these products could be contaminated with the bacteria. a powdered milk supplier is behind the large recall. flowers foods recalled swiss rolls including the ones sold at walmart stores. pinnacle foods is also pulling "hungry man chipotle bbq sauced boneless chicken wyngs." no illnesses have been reported. the companies urge you to throw out the products or return them to the store for a refund. ( robin )football is finally back... the 49ers reporting for training camp... the team checked in yesterday for physicals and conditioning tests. kim smith was there for the big return... and also tells us how star q

when you look at hasbro over mattell. one is half the market cap of the other.t used to be reversed mattell was twice the market cap of hasbro. >> and you had a shake up there which shocked people we had what we thought was a good ceo they brought in sales force.com to figure out what people wanted. >> mattell. >> yes and i don't know and i think the execution is so sloppy it almost doesn't matter whether they bring someone in from the outside. the guy who is turning this around, i love when he came on "mad money" last time. >> is he coming on again >> yeah. victory lap. >> all right we got an opening bell about five minutes away. stay with us i think that she's a very nice girl... you never got the brakes looked at? oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies see it- and see it through-with digital. introducing e*tra

julie: and mattel cutting jobs and reporting a larger loss than estimated.ygs over, because tomorrow amazon is reporting second-quarter results after the bell. joe: i think people will be watching that. and ecb announcing their rate decision and everything. julie: and don't miss talks to renegotiate the free trading agreement restarting in washington. this is bloomberg. ♪ emily: i am emily chang in san francisco. this is "bloomberg technology." facebook reported weaker than expected revenue and monthly and daily active users in its second-quarter results. plus, on the heel of facebook's results, investors gave a thumbs down to several tech peers in market trading. qualcomm terminates its deal to acquire nxp

of toys r us are coming, hasbro's reaction to the loss of its chief outlet was swift and decisive mattel the other hand, equally blindsided but has yet to lay out a plan of how to move past the price reaction is stark and stock which is why hasbro is doing much better than the stock of mattel, double a percentage gain for the year. same goes for the industrials. last week general electric had a widely panned quarter where analysts weren't able to get their arms around the continuing weakness in power which seemed like a widespread degradation no one ever promise you'd a roz garden illinois tool works? i'm done with the company's inability to path a different from the company's previous fiasco meanwhile, honeywell, a company that has a lot of overlap totally shined when it reported last friday with rising margins and pending restructuring will that will unlock more value. it soared and kept rallying today. we've seen variance among the biotechs the only group still trading in lockstep is the banks. when long-term interest rates go higher as they did today, the whole financial cohort moves

. >> just ahead, mattel takes a jor hit after the demise of toys r us.facebookeo mark zuckerberg lost more than $16 billion yet. howas your day? 77 listerine® total care protects better than brushing alone. with 6 benefits in one, from cavity prevention to strengthening teeth. so instead of protection like this, you get protection like this. listerine® total care. bring out the bold.™ ♪ ♪ the best way to get together is with a treat you make together. ♪ ♪ ♪ tired of wrestling with seemingly impossible cleaning tasks? sprays in the bathroom can be ineffective. try mr. clean magic eraser with durafoam. simply add water, try mrto remove soap scum. eraser with durafoam. try mr. clean magic eraser with durafoam. the new mccafé cold brew frappé and frozen coffee. the strong, smooth taste of cold brew coffee, ice-blended into a rich, creamy drink. it's colder than cold brew. and now, get any small mccafé for only $2. people would stare. psoriasis does that. it's colder than cold brew. it was tough getting out there on stage. i wanted to be clear. i wanted it to

even so the mattel of us thought she makes us second place for europeans of everybody's sporting trademark his styles for decades because she stayed with the peroxide plump head even though it's an open secret she now weighs the wig while not everyone is impressed with the results of her plastic surgery nobody can dispute the business acumen. this has excellent but she has long hair to expect prefers to keep it in a ponytail. in first place of a ranking of hairstyle traditionalists colloguing felt. incidentally he likes washing his head with dry shampoo because as he was admitted in an interview that makes his head look even. and well deserved first place don't forget to enter our week a prize draw and i'll see you again tomorrow by everyone. on the next edition of your own max lithuania gained its independence one hundred years ago today the small baltic republic northeast of poland combine strong traditional and modern influences lithuanians keep their folklore alive while forging ahead with digital innovations and a young art scene lithuania old and new together next time on your own ma

there is a bright spot for mattel with recent sale numbers proving barbie never goes out of style. the company behind play-doh and monopoly beat predictions last quarter. but not just toy industry giants challenged in the time of tech. both parents and kids are trying to find the right balance. >> you still want the real toys even though you have the screens. >> yeah. >> it's kind of different. everyone used to play with toys. now they play on screens. >> i try my best to limit it. it's hard. >> so we have new technology and an old-fashioned stuffed animal. >> on the local level small mom and pop stores are cashing in on toys "r" us absence. >> now people that used to go there find us and they can't believe there's actually a place like this that exists once they come in here. >> a place that's got classic toys like action figures, race cars, even gumby. >> even kids that like computerized toys are finding joy in my simplest items here because they have never seen it before. >> is that what you're going to ask for? >> toys offering everyone the chance to be a kid again. >> my frien

other european nominees included academy award winner penelope cruz as the mattel of s.r.t. . antonio banderas as public because so. and benedict cumberbatch as the drug addicted playboy patrick melrose in the mini series of the same name. the emmy awards so many will take place on september seventeenth in l.a. . a sculpture titled thrown by japanese artist kohei now what went on show in the louvre pyramid in paris on first day of the work was created is specially for the world famous museum it's one of the highlights of the tribute to japanese art and culture to be celebrated by france's museums concert halls and theaters until march twenty ninth team as part of the japanese m twenty eight team the occasion is the one hundred sixtieth anniversary of diplomatic relations between the two countries. on friday the borders can still involve opened an exhibition titled the playground project to trace the development of playgrounds from the nineteenth centuries and just real revolution to the present with such concepts as the play scape and the adventure playground design is the mai

we are seeing leadership in the s&p 500 from toymakers, hasbro and mattel. this is bloomberg.nie: that is some of our reporting from tictoc. live from bloomberg world headquarters, i'm vonnie quinn. caroline: live from the european headquarters in london, i'm caroline hyde. this is "bloomberg markets." let's check in with kailey leinz. >> president trump has a warning for president rouhani. never threatened the u.s. again. him thatdent promised it would suffer consequences the likes of which few have ever suffered. earlier, rouhani warned the u.s. against threatening oil exports. he said a battle with iran would be the mother of all wars. the u.s. economy may have had 4% growth in the second quarter according to a survey of economists, gdp expanded at 4.3% annualized. the economy was boosted by the biggest tax overhaul since the reagan era. and economists predict growth is temporary. first task in's court is set to begin this week. that is where paul manafort will be tried on fraud and tax charges. of filing false tax returns and failing to disclose offshore accounts. he must

during the world cup in russia and he says oh you know if the german media haven't criticized go to mattel yes for that it's not entirely true actually even the bit sites which loads of materials happens to be a colon nist for said you know it was a bit dodgy being photographed with a no socratic figure like that so i think football is nowadays they know that they are certainly at the top level of the game they know their kind of badge kerry isn't flag kerry is for their nation and for the game as a whole and they have to be a bit careful when they enter the public arena chris i'd like to ask you a little bit more about the t.f.t. itself because we have to mention you know all has not been the only critical voice of the organization where does it go from here and what example is it setting right now for you know young multicultural players of the future which might have concerns because those will himself i mean he's been a figure he's been a symbol of the success of integration in the country right in terms of the criticism the d.f.t. has received the byron chairman quadroon it called the

well, mattel is cutting costs and cutting jobs.2200 jobs as they continue to struggle with falling sales. mattel, which is well-known for making barbie and hot wheels, also hurt by the closing of toys r us which happened recently. shares of mattel are trading lower in the premarket. a lot lower, down by 11%. there you go. maria: big move there, cutting 2200 jobs and the stock takes a hit. dagen.cheryl: usually it's the opposite we see. maria: coming up, bitcoin bouncing back this morning, the cryptocurrency jumping above 8,000 for the first time in two months. what's behind that big gain, coming um. no such thing as a free lunch. why san francisco is looking to ban free cafeterias at technology companies. one of the best perks there is. back in a minute. ♪ maria: welcome back. bitcoin optimism is back. the cryptocurrency reaching over 8,000, a token for the first time since may, corey johnson joins us now to talk more about that. great to see you. >> good to see you too. maria: what do you make of this recent move higher on bit cur

mattel makes barbie dolls and other toy brands is down 14% in sales from last year. a stud why i that found aggressively lowering blood pressure in people at high risk for heart attacks and stroke can reduce the risk for developing dementia. patients treated to reduce systolic pleasure to 120 were 19% less to develop mild cognitive impairment. the results were presented yesterday in an alzheimer's conference in chicago. >>> our partners at the bbc report there's no break for nestle in its decade-long european trademark case involving the kitkat bar. they threw out the company's appeal arguing it owns the kitkat shape. another court ruled in 2016 nestle had not proven the shape is distinctive across the european union. the court's decision could end kitkat's protected status in europe. >> i hate to weigh in but i think it's distinctive. the kitkat is you know -- >> iconic. everybody knows you break it off, you don't bite it. do you hate to weigh in? >> i hate to weigh in, but let me tell you what i think. >> let me tell you what i think. are you ready for the best vis

book now at lq.com charles: after the close, a cost savings plan for mattel.the markets ending the session on a high ♪ on the words of a trade compromise with the european union. it includes increasing europe's imports of liquid natural gas. a couple cause it ago i pointed out the transportation index broke out through its 50-day moving average. i think it many great for the stock market and the economy. one of the best approximaties for me and the economy, i think it will be more significant than the fear mongering we had over tariffs. three of the names in the index crushed the wall street consensus. ' look at those, collusion the no stocks. i want to see the index go to 1188. a lot of those dominating headlines is facebook. it gave out financials and the stock got walloped on that news. the larger issue is has too much money gone into too few tech stocks? we'll discuss it now. i want to bring our guests right now. lindsey bell, lindsey, i want to get to this first. facebook is getting hammered. so much money is earmarked for these big tech names. the passiv

when you ask when mattel companies should stop -- when tech companies should stop fake news, that numberumps to 58%. app, al news aggregation place for civil and thoughtful engagement, claims more than 3 million users, says half of its revenue comes from paying subscribers. its parent company just bought another digital news media platform from somewhere between $75 million to $100 million. joining me is the ceo. think for joining us. -- thanks for joining us. in the aftermath of this data privacy, fake news issue, i've seen a lot of startups try to position themselves as the startups to the ills of facebook and twitter. what makes this different? >> look at the problem. what the issue behind the uproar -- what's the issue behind the uproar? the biggest single issue is the black box algorithms that google and facebook and all the rest are using to control and distribute the news. we are doing -- bringing that control back to our users. we have both normal users and experts picking the news and everyone can follow each other and see what's being verified by our users, not just some algori

mattel has nearly 5000 to one. mcdonald's 3100 to one. the gap 2900 to one. walmart, 1100 to one. are you concerned by these numbers? does that level of executive compensation create instability in the market? and shouldn't, at least part of our income inequality problem because of the, the dramatic shift in how people are compensated? >> gentleman's time expired. >> >> quickly you can respond. >> quickly i respond. i want to make sure shareholders understand how people are being compensate and criteria that go into the, making those decisions. how is the comp committee making those decisions. that is an important part of shareholder communication. >> thank you, sir. >> thank you. >> the gentleman yields back. chairman recognizes himself for five minutes. chairman clayton, glad to have you before the committee today. thanks for your incredible stamina being here today. we're glad to have your answers to all of our questions. i want to start to talk about a finra rule, rule 4210 i have concerns about in terms of fairness issue between bank-owned brocker dealers and nonbank-owned br

. >> mattel, down 6% big job cuts coming. there's the stock today., what do you think >> yes, these are old-tech, as far as toys go stocks cut in half i'm not so sure it's the bottom. >> and amg share s surging. pete >> i had the calls in this one graphic up 64% server up 64% and competing. >> and d.r. horton up today. pete, doc? >> everything is good about this one, judge they've been buying calls, upside calls for the last two weeks. which was a blowout, they deserve it ou the price of soybeans gaining how the futures traders are playing that get it the trade next ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan s

hearing. [ laughter ] itand i have to say the sus are a little snarky.pp [ laughter anduse ] toy maker mattel announced that it's partnering witcoding organizations to develop a new robotic engineer barbie. but despite her degree, ken is still going to try to explain it to her. light laughter ] the ceo of chipotle reportedly wants to make the restaurant more culturally relevant and turn it into a lifestyle brand. which explains the new line of branded t-shirts.hs [ audience [ light laughter ] and finally, our country is in the midst of a humanitarian crisis. as the president and his administration continue to defend immigration policies that g harm people who are seek asylum people in the u.s. here to comment is one of our writers, dina gusovs [ cheers and applause ] thanks, seth. now, before i talk about immigration, i want to show you a picture of a refugee. i know what you are thinking, that's really sa who gave that little boy that haircut? [ light laughter ] even sadder, that's me. laughter ] i immigrated to the united states in 1991. and my mom gave me that haircut because she thought i

mattel's of any says his government will back britain and accusing the european union of trying to swindlet of the decision to leave the block. so many urged may to take a tougher stance with brussels. the bank of japan has offered to buy an unlimited amount of wants after -- of bonds after it rose to an 18 month high. the 10 year yield reversed the days after the move was announced. speculation that it may managed sentor juices and it earnings trickling. global news 24 hours a day on air and at tic-toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm christy harvey. this is bloomberg. the stock is getting a massive bed right now, trading at your highs versus the year. crossing much better than anticipated. ecbmate was by 5% swished -- swedish gdp. we will show you euro stocky in a second. a much bigger than anticipated move, quarter on quarter number. the year on year number, 3.3 versus 2.6. the market was expecting a slowdown. that hasn't happened. as you can see, we are getting pretty big reaction, the euro being sold. matt: very interesting

mattel. and as i'm bob way away as a final result of the presidential election both leading parties remain confident of success. in south africa's government says it will move forward with plans to take over the farm land without compensate.

a number of stocks on the move this morning besides facebook and that includes mattel.res of the toy maker down sharply this morning. earnings and revenue following short. among the other reasons, toys r us's liquidation. mattel plans to cut 22% of its global nonmanufacturing workforce and also sell some factories in mexico, so people will be keeping an eye on that stock, down 8% this morning. >>> airbus shares rise to go a record high. the company posting better than expected results as costs fell on the newest jet. >>> and anheuser-busch also topping expectations. the brewing giant getting a big boost from sales related to the world cup. >>> also southwest airlines results out this morning. the company came in with earnings on an adjusted base of 1.26 a share. that's better than the 1.22 the street was anticipating. joining us now is gary kelly, ceo. thanks for being here today. >> great to be here. >> let's talk about the numbers. you're very upfront in your opening statement what happened with some of these numbers, better than expected. revenue was about in line wi

. >>> job cuts are coming to mattel. they are laying off more than 2,000 corporate workers.ompany blames the cutbacks on reduced sales after toys "r" us shut down. >>> and vince-sanity will continue. so vince carter is now an atlanta hawk. new teammate trey young was 4 months old when carter began his nba career in 1999. looking good at 41 in the nba. those are some of our top stories on this thursday, july 26th. >>> from abc news, this is "world news now." >> many see him as the greatest slam dunker ever. >> which says a lot. you always think of that iconic michael jordan. >> yeah. and it proves that being good at slam dunks is not making you good at winning championships. >> oh, we had to go there. we had to go there. >>> we're going to start things off this half hour with the latest on the fast-moving wildfire in the mountains east of los angeles. it's already destroyed five homes. >> fire crews have less than 10% containment. the fire is burning the community of idyllwild. flames broke out about noon and spread to 5,000 acres by sunset. mandatory evacuations have been or

mattel slumps after hours, taking another hit from the collapse of toys are us, revenue falling for theer. falling to $841 million. trailing to 30% and estimates by eight percentage points. it probably plans to cut more than 1/5 of the work force. yvonne: nestle has failed to get a break in a 16 year battle to trademark the kit kat bar in europe. neededy more proof is that the forefinger design is distinctive throughout the 28 nation bloc. another company that makes a similar looking snack in norway and opens the door to cheaper generic imitations across the block. now i'm thinking about kit kat. before we hand over to bloomberg markets asia, let's look at where markets are trading. the nikkei down about .1%. ospeiosby -- caused a -- k down .3%. yvonne: these were solid gdp numbers and futures setting up in singapore, looking pretty positive here. and a lot of focus on the trade tensions as they deescalate with president trump and jean-claude juncker reaching a deal. that is it for daybreak asia. market coverage continues with rish and haidi next. ♪ two, down and back up. our phones are

that mattel -- necessitates a response by the eu and others. your take on this is that risk markets feasted on their desert in 2017 and their u.s.eed to eat policy vegetables per what does that mean in terms of how you position yourself for this constant escalation? thatel: what that means is in 2017, we are looking forward to increased spending. we're looking forward to tax cuts. the idea of trade complex was hypothetical. maybe something we deal with next year. stuff.ed in the good now we are dealing with the dicier stuff. for us, that means s&p 500 likely to be volatile. the tech sector is a sector that has not priced in some of these risks yet. em, equities will be particularly vulnerable in the u.s. bond yields will be lower. the curve will be flatter. corporate credit will be under pressure. something that has more duration and rate sensitive. scarlet: michael zezas, thank you so much. a quick programming note on wednesday, bloomberg will ring you coverage of the boston pops fourth of july conference and spiral are -- and fireworks specta

up, in, earnings from paypal, las vegas sands and mattel we'll be back in aomt.e environment is everything. we want to do our very best for each and every animal, and we want to operate a sustainable facility. and pg&e has been a partner helping us to achieve that. we've helped the marine mammal center go solar, install electric vehicle charging stations, and become more energy efficient. pg&e has allowed us to be the most sustainable organization we can be. any time you help a customer, it's a really good feeling. it's especially so when it's a customer that's doing such good and important work for the environment. together, we're building a better california. >> earnings alert now on paypal, and the stock is lower aditi roy with the numbers. >> hi there, sara. coming in at 3.86 billion and that's a beat of 3.3 billion ets, the company missed on q3 revenue guidance and came in light there which could explain why shares are down a little less than 4% at the moment remember, paypal made four acquisitions into two total payment volume is $139 billion and that's a s

mattel, the make everywhere of barbie is cutting workforce by 22%.ing disappointing second quarter earnings partly because of toys r us shops closing. and you may need to find another way to say i love you on valentine's day. uh-oh. the fakeer of those famous sweetheart conversation hearts and necco waivers announcing its selling the company and shutting down massachusetts plant. it's not clear if the new owners were resume candy production. how far will we say i love you on valentine's day without the hearts. brian: maybe with the words. ainsley: that's what i'm wondering. brian: oh words, come on, bribe. steve: necco waivers. deputy attorney general rod rosenstein is one step closer to being impeached and it could happen as soon as today. steve: something could happen. filing articles of impeachment he has held up investigation into the anti-trump agents. brian: here to weigh in fox news senior judicial an list judge andrew napolitano. you are not for this symbolic move. >> the people behind this are long-time friends of mine. whom i respect and ad

mattel, lower profit and slashing 2,200 jobs. a lot of employees walking out the door. down 7%.. >>> president trump meets with his national security team tomorrow. the topic, election security. namely, russia meddling in the midterms. now, this comes one day after the president announced with the europeans that the europeans are going to start buying a lot more of our liquified natural gas. that is another slam at the russians. joining us now, general jack keane, fox news strategic analyst. now, if we sell natural gas to the europeans and they don't take so much from the russians, that to me is a big, big win for us. >> yeah, this is. and it's something we've been trying to get accomplished for some time. our gas is a little bit more pensive because it -- expensive because it has to be transported over there. but look, russia's major supplier. they're a one-commodity country in terms of oil and gas. their achilles heel is their economy, and it always has been. it's struggling, their currency's in the tank, they've got inflation. there's huge pressure on their people as a result