investors weren't pleased, shares of mgic fell and radian fell and genworth down by 2.5%. >>> a move that would combine two of the biggest tobacco companies. there is a lot of speculation but now the cigarette makers are confirming talks and in discusses with britain's imperil tobac tobacco. shares down to 61.75 and lirillard to $61 and change. >>> shares of amazon jumped on news the online retailer asked aviation regulators for permission to conduct outdoor drone tests near the seattle headquarters. the company hopes to deliver packages by drone. the strong rose to $346.20. >>> shares dropped and revenue that was slightly below forecast. the company that sells fasteners and industrial supplies says it is facing gross margin challenges. the stock fell to $46.15. >>> whirlpool is buying a majority stake worth a little over a billion dollars. the appliance maker says the deal with strengthen the european manufacturing operations. shares up 1%, $140.76 was the close there. >>> tonight's market monitor has one important word of advice to investors right now, diversefy, he's bruce mccain.

that's mgic, that's raid radian, genworth financial, all moving lower, some by a lot. mgic down about 9% as the federal financing house authority issues proposals to tighten requirements for private mortgage insurers that do business with both fannie mae and freddie mac. the agency's saying the proposed rules will help ensure that approved insurers have sufficient liquid assets to pay possible claims. and we're going to end with the big one, wells fargo lower after posting second-quarter profits that matched wall street estimates, but its mortgage revenue dropped 39% as lending volume did fall from the same time last year. bill, sue, it's interesting, because we kick off big bank earnings season a lot more besides wells fargo to come next week. back to you. >> a lot will be reporting at that time. thanks, dom. on wells fargo, about a month ago at the morgan stanley financials conference, wells' new cfo, john shrewsberry, gave his candid take on housing and he has a unique perspective, because wells fargo is the largest mortgage lender in the u.s. listen. >> people just

following mgic's warning last week and could face a shortfall at the end of the year. the slot 4.7 billioner for $ in cash and stock. that goes back to an 8% premium. >> st. jude medical device maker second-quarter profit more than doubled, beating estimates. earlier this week, st. jude uy anotherreed to b acquisition. >> bad news, chocolate lovers, it is going to cost you more. hersh is raising prices for the first time in three years, an increase inng the price of cocoa. time to stock up. >> five, black rock saying second-quarter profit was 11% as investors added money to it's fun. blackrock attracted $38 billion in investor money during the quarter. compared to $27 billion in the first three months. >> blackberry shares down following the news from apple and their unlikely partnership with ibm that targets mobile enterprise. the deal could come away more market share from the struggling smartphone maker. >> textron, the aircraft maker beating estimates by $.5. a continue to benefit from the acquisition of beechcraft. bank of america, profit tumbled 42% last quarter,

this is mgic investment radian group, all three stocks move lower as the federal housing finance agencyues proposals to tighten requirements for the private insurers that do business with fannie mae and freddie mac saying that the proposed rule helps improve insurers have sufficient liquid assets to pay claims. basically, carl, mortgage getting more stringent requirements leading to declines. back to you. >> thank you a lot. the al sun valley conference wrapping up, we are there live, and kayla your interview on the front page of "usa today money" well done. what's it like going into the weekend? >> reporter: thank you so much for that, carl. interesting interview, shots caught on the wrong side of that, basically a preannouncement to earnings of the upside. some said on twitter after the interview, a solid subscriber postpaid verizon expected for the second quarter. they have been challenge by t-mobile and at&t as well to add new subscribers for the quarter. we'll hear more about verizon, i know, next hour. as we go into the weekends in sun valley, this is ma crow topics, politics, my