su ausencia >>> es algo sistÉmico, recibiÓ informaciÓn que alguien estaba hablando espaÑol en un mcdonald ss tomÓ acciones >>> la defensa de joe arpaio asegurÓ que sus acusaciones son injustas, cuando los hispanos son detenidos es por razones ajenas a su raza o color de piel. pero el testigo de la fiscalÍa taylor no estuvo de acuerdo, asegurÓ que en su investigacion de los operativos de arpaio la probabilidad de que personas con nombres hispanos fueran detenidos fue mucho lloro qmayo los agentes que participan por las personas con nombres hispanos y que ralas detencione que incluyeron a un hispano fueron mÁs largas. la defensa buscÓ desacreditar su testimonio porque el experto no conocen las circunstancia , concluyeron que su investigaciÓn estÁ llena de huecos. el experto titubeo en varias ocasiones y aceptÓ que no hay informaciÓn que no tiene, pero la mayor expectativa era en torno al testimonio de david ra vÁsquez aunque es ciudadano fue victima por el color de su piel, de ahÍ que lopositores del temio juez sepan que la justicia estarÁ de su lado. desa david vÁzquez declarÓ que lo detuvie

s diane eastabrook joins us to talk mcdonald's; from earnings to europe and rising food costs, the outlook for the fast-food giant. >> susie: and we kick off a week long look at cyber security, focusing on the big business of protecting you online. >> tom: that and more tonight on "n.b.r."! >> tom: stock markets around the world staged a sharp sell off today, led by losses in europe. fears continue building that spain might need a full-scale bailout. here in the u.s., stocks sold off earl b off early, but pared back the losses by the closing bell. the dow tumbled 101 points, it had been down, as much as, 240 points earlier in the session. the nasdaq lost 35, the s&p was down 12 points. erika miller reports spain's troubles now include the country's regional governments. >> reporter: valencia, spain has long been known for two things-- paella and its large port. but lately spain's third largest city has garnered unwanted attention as the first spanish region to seek a bailout. six others are in danger of following suit. >> it's worrisome, in the sense if they start to line up for bailout mo

one of the top earners in europe in the whole s&p 500 is mcdonalds. 37% of their earnings come from europed mconly dids. it is a name we highlighted with you folks, but we like coke, pepsi, and colgate. colgate, 50% of theirs is emerging markets. coke is mexico. pepsico is south america. you want to be selective in the dollar being stronger and oil and interest being weaker and that is hurting energy and financials. >> you don't want energy stocks here either? >> we have been at market weight of energy. we have not been big fans for some time. we scale back, the drillers, and production, we would stay with health care, consumer staples, and with utilities. you see earnings guidance being raised and you will see this in this reporting season. utilities will be one that we think will advance. >> at the beginning of this year, a lot of skeptics about what you were saying about this economy and the market. nobody is skeptical now. >> as a great husband, the worst thing you can hear as a spouse, i told you so. so i'm not going to say that. i'm not going to say that. >> thank you so much, we'll

. >> reporter: mcdonald's is not used to disappointing quarters, but that 's exactly what it served to wall street today. in the second quarter the company earned a $1.32 a share. that was $.03 below the same quarter last year. and a nickel below analysts estimates. the burger giant said cash- strapped consumers in nearly every market around the world didn't eat out as much as they had been. analysts say this is very unusual for mcdonald's. >> in the past there have been periods where you might see weakness in three or four of their markets at any given time, but it's been at least several decades since we've seen a global slowdown that is having an impact on every one of their major markets. >> reporter: mcdonald's faces a litany of problems that could affect its bottom line for the remainder of the year. a strong dollar that lessens the value of overseas sales. cut-throat competition from rivals. and rising commodity costs. the company says it's hedged its food costs for several months. still hotavee says those positions probably won't extend out far enough to cover the impact of the

the dow falls 101 points, s&p sinks 12, nasdaq down 35. mcdonald'srevenues fell short and shares finished nearly 3% lower. meanwhile halliburtonon's profits were lady of estimates thanks to increased activity. the toymaker made market share gains. that's for cnbc first in business worldwide. now, back to "hardball." >> back to "hardball," the end of an era in a place known as happy valley. tough punishments handed down to penn state. the statue of a hero to many joe paterno wrapped up, taken down and hauled away. today the school heard their punishment. while they are allowed to play football, they aren't allowed to go to bowl games among several other tough eaddicts. this afternoon the paterno family slammed them from issuing the sanctions based on the louis freeh report. they said they, quote, defame the legacy and contributions of a great coach, they say, the family, and educator without any input from our family or those who knew them best. that's what the paterno family said of the school had done something different. this afternoon i spoke with

don't move, and the dairy cows and the baby or a peciay fied wit d s hperal thugr thos tsth mihwsse for milk are like the cheap mcdonald's cowles so i pople didn'tik milthe r gettg coai te o ct reato osheu de lesessues you talk about malcolm antibiotic use, differentrugs and there has been a lot of tention being n alees. etneifs-dna ao e be me wing awareness i would say in american culture. what do you think you had a different to this iscussion of fondsof hag thh boma atgs pa bd fftlhaoith n iaty'ut onir plate. >> guest: that is a very good question. i'd like to food nation alt t bgt htbe gg tefncs leaial hr aui'mbasically a pharma reporter, so when i began examining the food products i was just apalle as rslyle wha hetht abd, dn k f yan l abhun f favorite drugs talk about is the opn tharlaug not donley will come to the killing floor so that means of the animals killed and the meat is sold the drug is hir. whopre a of the we're obviously eating them. >> host: one gus whth woulber rine t talkboha i rtarbo hton t:auf drthisorhonor system or the operation is supposed to withdraw two weeks or three weeks ef. thneno sse bthn

s diane eastabrook joins us to talk mcdonald's; from earnings to europe and rising food costs, the outlook for the fast-food giant. >> susie: and we kick off a week long look at cyber security, focusing on the big business of protecting you online. >> tom: that and more tonight on "n.b.r."! >> tom: stock markets around the world staged a sharp sell off today, led by losses in europe. fears continue building that spain might need a full-scale bailout.

s diane eastabrook joins us to talk mcdonald's; from earnings to europe and rising food costs, the outlook for the fast-food giant. >> susie: and we kick off a week long look at cyber security, focusing on the big business of protecting you online. >> tom: that and more tonight on "n.b.r."! >> tom: stock markets around the world staged a sharp sell off today, led by losses in europe. fears continue building that spain might need a full-scale bailou

this week with one-fourth of the s&p 500 announcing quarterly results. today a rare miss for mcdonald'sing shares sliding as the world's largest restaurant chain cited fears over a slowing global economy and second quarter results weren't hit by a strong u.s. dollar which offset the company's better than expected same store sales. i'll leave it there. barbara, back to you. >> thank you so much. have a good day. >>> it's 11:52. coming up, why some olympic athletes are considering trading in their bikinis for long johns? plus, meteorologist chuck bell will be back with another check of the forecast. [ male announcer ] where did all the obama stimulus money go? friends, donors, campaign supporters, special interest groups where did the obama stimulus money go? solyndra: 500 million taxpayer dollars. bankrupt. so where did the obama stimulus money go? windmills from china. electric cars from finland 79% of the 2.1 billion in stimulus grants awarded through it went to overseas companies. [ romney ] i'm mitt romney and i approve this message. with the sleep number bed, it's not about soft or

s. >> natalie, back to you. >> this portion of "today" is brought to you by mcdonald's. >> stephanie, thanks. this morning on "today's woman," forgetfulness. whether it's mommy's brain or constantly for getting your car keys, we're all guilty of it. doctor, good to see you. >> great to see you. >> you're going to start me off with a brain teaser. >> this is something we do in the office. i'm going to tell you three words. i want toup you -- you to pay attention. camera, universe, hockey stick. >> a lot of us have complained about memory loss during pregnancy. i think i still suffer from it being not pregnant. is it a real thing? >> the so-called mommy brain. if you ask a bunch of women, they'll tell you it is real. the scientific research doesn't really support that. when you give pregnant women memory tests most of them do well. however, it is a time of surging hormones so that can absolutely affect mood and even memory but i think the bigger reason is that when you're pregnant and certainly once you have small children, you are multi-tasking, you're not sleeping well, you you are very stres

mcdonald's missed earnings estimates for the first time in seven years. u.u.p.s. was short as well. in a rare miss, ple also falling s shortf expectations. that sent the stock plunging. at&t, boeing and caterpillar also passed estimates. while facebook met expectations. in its first earnings report sisince going pupublic. >>> the troubled asset relief program spent more than $7 billion of taxpayer money. during the financial price crisis. it was designed to bailout america's financial system. which was teetering on the edge of collapse. where did all the money go and who was watching? joining me now, the former special inspector general of t.a.r.p., neil barofsky an author of a new book. "bailout." thank you so much for joining us. >> great to be here. >> the book is terrific and thanks for joining us today to talk about this important conversation. so first let me geyour thoughts on t.a.r.p. in your book you say "t.a.r.p., the popular perception that i had warned geithner about, that t.a.r.p. was little more than a massive transfer of wealth from taxpayers to undeserving wall street executives." do you think the pro

s. perhaps those who want to get away from their wife and children. >> the ultimate man cave. the world's largest mcdonald's is located in the olympic park next to the olympic stadium in london. the restaurant doesn't open until tomorrow. it has a staff of 500. it has seating for 1500 people. this will come down after the games are over. >> i wonder why. o big.is to >> 6:40. >> will the rain hold off for the opening ceremonies tonight? >> we will check on your morning commute. a major -- will check on the major roads for delays. >> just a few sprinkles right now. a chance for storms later today. but first, a live look at ocean city. 72 at the beach. 73 in baltimore. 73 in baltimore. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. let's bring you up to date. we start in howard county. east down 32, we have an accident. another in the airport vicinity on aviation boulevard. liberty road at 32, some downed wires. in dundalk, at north point, we have an accident. in middle river, mill river road, a water main break. the sinkhole, those re

mcdonald's. >> look at this. >> i know, look at that, and you know what? they should dtdz they're waste, money on the sponsorship and started in the 70's, made sense.or tennis, and that's the way that it's going. stop wasting money. get out of sports sponsorship, and i'm sure they'll be out five years. >> unless they're eating concerts. >> we've learned a lot about you, chris. thanks so much and thanks for sharing that with us and joining us today. >> one stock getting hammered in the news last week, it's about to head 25% higher by next year. the name next, and then at&t announcing plans for a huge stock buyback. usually, that's a good sign. so, why is someone here saying, it could be bad for jobs? looking for dividend-paying stocks for your portfolio? with the fidelity stock screener, you can try strategies from independent experts and see wh criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now g

mcdonald's. dow down by 142 points, s&p down by 14 points. >> let's walk you through the headlines this morning,any further, european stocks have been falling sharply in early trading. it is red arrows across the board in large part because investors are growing more concerned that spain may need a full sovereign bailout, after a second region of the country reported it may need help. half a dozen regions are ready to do likewise. take a look, it's come down slightly. >> 7.51% earlier today, had a lot of people taking off but still. >> either way it's not good news. meantime greece's prime minister saying his country is in a great depression. he compares it to the american one in the 1930s, greece's international lenders are due to arrive in athens tomorrow, going to be pushing for further cuts needed for the debt-laden country to qualify for further rescue payments, athens wants to soften the terms of a $130 billion euro bailout. in other news this morning, nasdaq plans to pay out now $62 million in cash to firms that lost money in the famous or infamous facebook bungled ipo, exchange is modify

s governor palin. he called the decision a mistake. cheney says he likes palin but felt she wasn't ready to be vp candidate. romney will announce his runningmate next month. bob mcdonald among those on the short list. >>> turning to the weather now. rain in the forecast for part of the workweek. meteorologist, chuck beshlgs ll will the showers arrive? >> i think sol me of us will ge wet before monday is through. sunday night turning into early monday morning now. clear skies over washington. 79 downtown. look at the low and mid 60s across valley. ground clutter on storm 4. quiet through the overnight hours. off to a sunny start tomorrow. temperatures in the low to mid 70s. up to near 90 tomorrow. showers brewing before your monday is through. how long will they last? the seven-day coming up in ape f -- a few minutes. >> day two of the london olympics. shocker for the u.s. team. jordyn weiber will not get an all-around medal. current world champion didn't qualify for the final. only the top two move on. weiber third behind gabby douglas and aly raisman. a ticket scandal of sorts under way. many were told popular olympic events were sold out. television coverage showed

you have a lot of people listed here, mcdonald's, pepsico, 3 m, if that's the kind of investor you counsel me to be, why should i not just go buy an sndex fund where i can get the same stocks at extraordinarily cheap price? >> david? >> 22% bullish and 42% bearish right now maria on the american association of individual investors poll that was just released yesterday, and that 22.42, it's 39% bulls and 40% bears. so there is a big overweight to the bearish side short term that's usually a sign of a little bit of rally. if you get some of the calming down that we hope for in europe you can see the markets lift here. driveen by financials. you saw it last week and the week before. the financials are the leader of the market. they they have been doing well and we had sloppy earnings report from the financials for the rest of the week. >> did david not hear my question? >> the question was basically among your stock picks are a tremendous number of very fine blue chip companies from microsoft, to pepsico, if those are the kinds of stocks that you think i would do well holding, why not just hold them. >> yes, tyler we like tech quite a

s pat collins joins us live from aberdeen, maryland with more. pat? >> reporter: pat, neighbors saying mrs. ripken had a habit of going out to mcdonald'sthe gunman knew that. maybe that's why he was wait fog her at that garage. violet ripken, the 74-year-old mother of orioles star cal ripken. he was kidnapped, tied up, blind gp folded, held for 24 hours before she was released this morning just a couple blocks from her aberdeen

mcdonald's down about 2.8%. that does it for us here on "squawk on the street." it's wapner and the "fast money halftime report." >>> the s&p 500 heat happen, let's go inside the major averages now. the dow working on its eighth straight monday decline. here we stit sit down 140 points. that's a loss of more than 1%. we've saved about 100 points off the worst levels of the dow. here's gold, crude oil, weaker today as well. watching the ten-year treasury. there it is. 1.43. historic lows for many treasury yields today. here's what we're following on the "halftime" show today. is getting short the best way to play the market selloff? and should you sell before a company reports? find out if that's the winning trade this earnings season. and ahead of apple's results tomorrow, we're trading the tablet revolution, a game changer for numerous industries. and we look at which chip stocks may be your best buys. welcome to the "halftime" show. let's talk about the selloff. europe, front and center again. >> yeah, and i think what's notable is that gold isn't working in that context. and you would think if today's selloff is primar

s tracee wilkins is live with the details. >> reporter: good morning, aaron. this was an amazing situation. let me start by telling about route one is still closed from the mcdonald's to about the university of maryland. and the cop car that was crashed has been tow aed away from the scene but the investigation is still continuing. so the road is still closed for now. let's go to the video so i can show you what this looked like. absolutely amazing. this video obtained online shows that before 11:00 last night police received a call for a man with a gun near lakeland road and route one and college park. they showed up and there was an exchange of gunfire between that man and them. what you're seeing is the man actually taking off down the street in the cop car. of course, he's the lead car with the other police cars trailing behind him. after he crashes they kind of corner hip. there were a couple of other police cars also involved in -- in an accident, let's say, when they tried to stop the car and make sure that he didn't try to back up and take off any more. they damaged other vehicles that had to be towed from the scene here. witnesses tell us they saw the man

mcdonald's first earns miss since '94. certainlying a weight on the market today. nasdaq at the lowest level in a month. right now nasdaq off by nearly 40 points. s&p 500 under pressure today. down bay bit more than 1%. >> obviously europe is remaining a drag on the street. what has changed now? this is before with the latest headlines showing the same fears about that region's fiscal situation. why are investors suddenly pressing the sell button right now? >> today's closing bell exchange, bob pisani, black bay group's todd shellenberger. stu schweitzer and rob smalley. rob, we begin with you. last week, wednesday, thursday, we are talking about dow 13,000 again. we are like on the cusp of that. all of a sudden now we are worried about europe. front and center yet again. what's going on? >> well, it is very simple. if spain really does the full scale bailout, not $it means its in play and there's just not enough money. right now to find that. lot of traders think ultimately the end game now is coming and the ecb will have to step in and be the lender of last resort. will's too much debt. somebody has to come in and provide whatever up want to ca

s. app of. --and is a three and a half hour delays at sfo. we will be right back. ♪ [ male announcer ] the inspiring taste of mcdonald's new spicy chicken mcbites pieces of tender chicken breast seasoned with just the right amount of spice, but just for a limited time. new spicy chicken mcbites. the simple joy of spicy perfection. ♪ >>mark: there is a combination of lower temperatures and higher humidity helps the fire fighters by the roberts fire. >> yahoo gets a another ceo. it is the 61 and the last five years. melissa mayer is coming over from google. >>james: will just sent a photograph from sfo. as you look at satellite radar view you can see that up above we have widespread cloud cover. you can see it as a reason sell lawn. >> as low pressure center is driving cool air and. that's why we saw the clouds today and that's why we will continue to see them tomorrow. it'll be the '50s and '60s about the area. there may be a couple low '70's. we have to wait for the breaks in the cloud cover before we see the temperature move. teacher casts 45 we will see widespread cloud cover which is exactly see what we see right now. that is when the sun sh

mcdonald's, kraft, j & j -- i can't see what the last one is. >> interestingly, the s&p is awfully closeit four straight 1% declines for the s&p on jobs friday. >> really? >> yeah. >> cue the metallica. [. >> you wanted to discuss this fascinating wardrobe shuffle. >> one of the greatest corporate hijackings in u.s. corporate energy, that's what was said about the duke energy situation, if you read our story in "the wall street journal," also an excellent story in "the new york times," both describe how the ceo of this company, $26 billion deal, was ousted a day after that deal closed by the person who was supposed to be supporting him. the ceo of duke energy came in, had friends on the board and threw out the ceo of progress energy, the ceo of progress energy, bill johnson, had no idea it was happening. it was literally, from what our reporting shows, was a blindside attack. and you really never see this sort of coop go on in boardrooms these days. people should pay attention to how duke is treated by regulators. it was down after this boardroom coop happened. >> normally you would have

mcdonald's, again, get hit. went down to 85, 86 previously because of worries that this could happen. then ran up to 90, 92 as part of an overall move in the s&p so maybe it revis its the 85, 86. >> not a great way to start if you're the new ceo, is it? >> tough. >> maybe it's the best way to start. >> well, i don't know. certainly you can say it's not my -- of course, he's been a part of senior management. it's not as though he's not been part of the management. >> management has been unbelievable. the strength is the best of any company in the world. let's not forget, any company that reported a good number last week is going to get hammered today. have you to look over these and decide, well, maybe google wasn't that good. is that the take, or do you say hey, listen, it's part of the overall market. it gets hit. maybe i'll get involved at a certain level. i know that when we come in tomorrow it's hard to imagine spain, germany is down a phenomenal amount. >> 3.5%. >> phenomenal amount, so it's easy to see we could have a couple of days of decline. i keep coming back to the idea that we are stronger than they are. >> they being europe, not

mcdonald's recently changed the way they source some pork. trying to change the dynamics in which the cow or pork is raised s. that key for consumers?the hogs spend their lives or all about the actual ingredients? >> it is key to a certain segment of consumers. responsibility is key to the company. it is one of the key strategic planks and something we take pride in and manufacturing facilities acknowledged in the industry for great practices. >> is the fourth seasonally a high point for sales? >> this weekend 150 million hot dogs consumed in the u.s. and a big weekend for us. >> only 150 million? that's it, huh? >> you know, if you want, there's available on the shelf and add to it on the way home. >> thanks. thanks for the tip. >> i have done my share this summer. finally, there is actually a hillshire farm or there was. >> absolutely. new london, wisconsin. i have been there. beautiful setting. it is the home of our hillshire brand equity and where the story was built and a story about extreme quality and craftsmanship in meats and chose hillshire for the name of the overall company. >> is it like a museum? >> it's a farm. >> is

the plan and the ceo bob mcdonald as he leads its implementation and is monitoring its echktiffectivene. the dow itself positive for the month of july along with the nasdaq and the s88. want to go back to the fed chairman who is still on capitol hill. >> the employment part of your mandate, is that correct? >> well, we can continue to evaluate the situation, evaluate the outlook, look at the tools that we have. and we're committed to make sure that we continue to have improvement on employment. but i don't want to imply we've done everything we can. we may do more in the future. >> so there is more that you might do? >> it's certainly possible we will take additional action if we conclude that we're not making progress towards higher levels of employment. >> thank you. there seems to be little reason for concern on the price stability side at the moment? >> for now, inflation seems to be well in check. >> you also said that progress has been made in terms of the e recove recovery, but unemployment is still too high. the recovery has stalled and is not as strong as maybe you had hoped at this point. >> the recovery has decelerated recently. it's sort of a pattern w

mcdonald were to leave right now the stock would be correctly valued. that's how important it is that get a change in the executive suite. >> we're down more than a percent on the sis the loss. much more "squawk on the street" straight ahead. ♪ >> coming up we're jumping into the stock pool and inviting you along. let's get soaking wet. six stocks in 60 seconds when "squawk on the street" returns. between listening to the numbers... ...and listening to your instinct. duff & phelps finds the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection between listening to the numbers... ...and listening to your instinct duff & phelps finds the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. >>> >>> take a look at the dow down 88 points or .7%. this major index is the smallest loss at this point and s&p down 1% and nasdaq down 1.3%. ibm down 1.5% weighing on the s&p. >> we'll head over to mr. hobb

s for living it up. it turns out union leaders have been doing some partying of their own, spending millions to party in places like vegas and the caribbean. fox business network's liz mcdonaldut of a job. they're big labor bosses are living it up at member expense. the afl-cio spent $2.6 million on nine conferences in party hot spots like the flamingo hotel, the golden nugget and the union-owned luxury hotel, the westin diplomat in florida. the nation's largest government worker unions dropped nearly $2 million in resorts in las vegas, florida and port owe rook -- puerto rico. last year, they spent tax free money on a golf fundraiser and in new york, the u.a.w. rang up a $9,000 tab at the museum of modern art. >> with the exclusive is liz mcdonald from the fox business network. good to see you. is the tax exempt status an issue here? >> yeah, it is. unions are nonprofits. they collect dues from their members and they don't have to pay taxes on it. what's happening instead is that unions are using those tax-free dues to spend on junkets for officials and now the officials who go on these junkets call them, you know, education council meetings or member meetings but you know