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tracy, back to you. >> morgan brennan with cnbc. morgan, thanks. >>> now your nbc 10 first alert weather. >> good morning. temperatures in the 40s and 50s, so a cool start to your morning. we'll see plenty of sunshine, but below-average temperatures once again as we head into your wednesday. how long these temperatures are going to stick around. i'll let you know coming up in my first alert seven-day forecast. >>> and at 5:25, route 22 at route 309 in the lehigh valley moving along quite nicely this morning, even in that construction zone. in fact, all of our majors moving along nicely, but there is a problem on the new jersey turnpike. i'll fill you in on that when i come back. >>> it's a virus you probably hadn't heard of even a few months ago, and now it's making children across the country sick by the hundreds. >> nbc 10's katy zachry is tracking the impact of the enterovirus in our area this morning. katy? >> reporter: that's right. enterovirus d-68 has made its way into pennsylvania just as school is starting and germs are spre
tracy, back to you. >> morgan brennan with cnbc. morgan, thanks. >>> now your nbc 10 first alert weather. >> good morning. temperatures in the 40s and 50s, so a cool start to your morning. we'll see plenty of sunshine, but below-average temperatures once again as we head into your wednesday. how long these temperatures are going to stick around. i'll let you know coming up in my first alert seven-day forecast. >>> and at 5:25, route 22 at route 309 in the lehigh...
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Sep 18, 2014
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morgan brennan takes a look. >> reporter: profit at the world's number two shipper jumped 24% from last year as sales increased in all the major divisions. ground freight and express. several factors played a role including cost-cutting programs and ecommerce shipments. the strong point is a good sign for the economy, and they are considered strong competitors for bellweathers of growth. as they announced a 5% rate hike for all of north america's operations, beginning right behind the holiday season. on january 5th, the same day new dimensional rates took effect. >> fedex is taking a leadership position from pricing standpoint. typically they don't increase their ground rates before ups, but this year they moved it up. frankly they're becoming a bit more of a leader in that respect because they didn't have the service problems that ups had last year. >> fedex says the amounts of appropriate given the economy. the number of shipments is growing and capacity remains tight. but before the prices kick in, fedex has something else to focus on first, the holidays. peak-seaso expects to s ship
morgan brennan takes a look. >> reporter: profit at the world's number two shipper jumped 24% from last year as sales increased in all the major divisions. ground freight and express. several factors played a role including cost-cutting programs and ecommerce shipments. the strong point is a good sign for the economy, and they are considered strong competitors for bellweathers of growth. as they announced a 5% rate hike for all of north america's operations, beginning right behind the...
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morgan brennan reports. >> reporter: radio shack is a retail icon, but for some it is a relic. >> it is not my go-to place. >> more than one analyst sees stocks heading to zero, and others are wary as they lost almost $100 million just earlier this year, while same store sales fell about 14%. >> everybody knew that radio shack was struggling, that was no surprise, but the magnitude of the losses was shocking, quite frankly, i don't know if the fat lady is singing but she is definitely warming up. i don't think that radio shack has added the liquidity to make it to 2015. >> it is hurting as much if not more than many of them. in the glory days radio shack was there for people who liked to build things, hobbyists, or if your computer needed a new battery. now consumers are turning elsewhere, buying on line or getting new electronics elsewhere. it is part of the attempt at a turn around, and it has not been enough to stave off the dramatic sales slump. >> there was a radio shack within a five-minute drive of much of the u.s. population, but now there is much more competition and nothing
morgan brennan reports. >> reporter: radio shack is a retail icon, but for some it is a relic. >> it is not my go-to place. >> more than one analyst sees stocks heading to zero, and others are wary as they lost almost $100 million just earlier this year, while same store sales fell about 14%. >> everybody knew that radio shack was struggling, that was no surprise, but the magnitude of the losses was shocking, quite frankly, i don't know if the fat lady is singing but she...
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morgan brennan is here with that part of the story in this morning's "cnbc business news." morgan, good morning. >> good morning, tracy. yeah, well, apple fans may be fawning over the iphone 6 and the new apple watch, but there's a whole host of companies scrambling to capitalize on the new products. now, they've been searching the internet for the past few weeks for rumors about the iphone 6, trying to verify what it would look like and how it will actually be built. why? they want a piece of the, get this, $21 billion smartphone accessory market. shipments of accessories, such as iphone cases and skins, tops $2.2 billion in the past year, and they're expected to reach $2.5 billion by the middle of next year. so, certainly a very big market. tracy, back to you. >> yeah, a lot of money to be made in the accessory part of it. morgan brennan, thanks. >>> good morning. a mild start to your wednesday as we head into the afternoon, temperatures staying below average for us, high 70s-low 80s, but a big-time warm-up tomorrow. plus, i'm tracking the return of storms for your thursda
morgan brennan is here with that part of the story in this morning's "cnbc business news." morgan, good morning. >> good morning, tracy. yeah, well, apple fans may be fawning over the iphone 6 and the new apple watch, but there's a whole host of companies scrambling to capitalize on the new products. now, they've been searching the internet for the past few weeks for rumors about the iphone 6, trying to verify what it would look like and how it will actually be built. why? they...
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morgan brennan tells us more about the threat from yahoo!. good morning to you, morgan. >> reporte the u.s. gt threatened to fine the company $250,000 a day in 2008 if it didn't comply with handing over data from users. yahoo! felt it was unsuccessful challenge with with the secret foreign intelligence emerged thursday when a federal judge ordered the case to be unsealed. it was revealed by former contractor edward snowden last year. eun, back to you. >> morgan brennan from cnbc. thank you, morgan. sometimes you can't even impress kids, even if you're the the president of the united states. >> he learned that the hard way. they were filling backpacks for the homeless yesterday when this happened. when i heard somebody special was coming, i really wanted it to be beyonce. >> i understand. >> but then after -- >> mallia and sasha would feel the same way. >> she. madison went on to say she was happy to meet president obama. the president was not buying that. he said he appreciated the gesture in front of all the cameras. the president and first l
morgan brennan tells us more about the threat from yahoo!. good morning to you, morgan. >> reporte the u.s. gt threatened to fine the company $250,000 a day in 2008 if it didn't comply with handing over data from users. yahoo! felt it was unsuccessful challenge with with the secret foreign intelligence emerged thursday when a federal judge ordered the case to be unsealed. it was revealed by former contractor edward snowden last year. eun, back to you. >> morgan brennan from cnbc....
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morgan brennan is at the nasdaq for more. hi. >> that's right, the dow the s&p and the nasdaq are all up this year but not the russell 2000 which includes smaller cap companies down about 3% year to date versus the gain of nearly 8%. an 8% increase for the nasdaq, a stark difference there. the russell 2000 dropped 1.5% yesterday and hit a cross with the 50-day moving average falling below the 200 day. that is the first time we have seen that since august 2011 something that could be a bearish sign. strategists tell me this is part of investors rotation out of the high momentum smaller stocks into the less volatile larger cap blue chips, a defensive shift in light of the likely move to begin raising interest rates. small caps are much more vulnerable to changes in rates. we have seen a similar move among momentum needs in the internet. chief market strategist at jones trading says how small caps perform over the next few weeks in light of this will have more meaning than it did in 2011 since this time markets are near highs. c
morgan brennan is at the nasdaq for more. hi. >> that's right, the dow the s&p and the nasdaq are all up this year but not the russell 2000 which includes smaller cap companies down about 3% year to date versus the gain of nearly 8%. an 8% increase for the nasdaq, a stark difference there. the russell 2000 dropped 1.5% yesterday and hit a cross with the 50-day moving average falling below the 200 day. that is the first time we have seen that since august 2011 something that could be a...
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Sep 11, 2014
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morgan brennan reports. >> reporter: radio shack is a retail icon, but for some it is a relic. >> it is not my go-to place. >> more than one analyst sees stocks heading to zero, and others are wary as they lost almost $100 million just earlier this year, while same store sales fell about 14%. >> everybody knew that radio shack was struggling, that was no surprise, but the magnitude of the losses was shocking, quite frankly, i don't know if the fat lady is singing but she is definitely warming up. i don't think that radio shack has added the liquidity to make it to 2015. >> it is hurting as much if not more than many of them. in the glory days radio shack was there for people who liked to build things, hobbyists, or if your computer needed a new battery. now consumers are turning elsewhere, buying on line or getting new electronics elsewhere. it is part of the attempt at a turn around, and it has not been enough to stave off the dramatic sales slump. >> there was a radio shack within a five-minute drive of much of the u.s. populati, but now there is much more competition and nothing i
morgan brennan reports. >> reporter: radio shack is a retail icon, but for some it is a relic. >> it is not my go-to place. >> more than one analyst sees stocks heading to zero, and others are wary as they lost almost $100 million just earlier this year, while same store sales fell about 14%. >> everybody knew that radio shack was struggling, that was no surprise, but the magnitude of the losses was shocking, quite frankly, i don't know if the fat lady is singing but she...
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we have morgan brennan and josh lipton. morgan on the resale value for older phones like mine. first to josh on price battles already underway. i heard a guy on the street hawking people into the store saying preorder your phone. >> reporter: apple's ceo tim cook was quoted as saying he thought the new iphones would trigger what he called the mother of all upgrades and maybe he was right. in a statement to cnbc a few minutes ago apple saying the response has been incredible with a record number of preorders overnight. that response has been strong enough that it is creating some shipping delays at this point. verizon saying versions of the iphone 6 will ship on october 21. at&t saying 21 to 35 days. shipment times for the iphone 6 plus also being pushed back. apple says three to four weeks now. verizon saying october 14 through 21. sprint is just saying delayed while t mobile saying not available for immediate shipping. at&t saying 35 to 42 business days. and remember all of this is occurring with china not even a factor at this point. china not included in the first round of t
we have morgan brennan and josh lipton. morgan on the resale value for older phones like mine. first to josh on price battles already underway. i heard a guy on the street hawking people into the store saying preorder your phone. >> reporter: apple's ceo tim cook was quoted as saying he thought the new iphones would trigger what he called the mother of all upgrades and maybe he was right. in a statement to cnbc a few minutes ago apple saying the response has been incredible with a record...
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morgan brennan joins us breaking done the sectors. >> there's one group of stocks that has lagged that recent rally and that's the insurers. while financials are up about half a percent this month, insurance companies are down almost one percent as this grouping enters what analysts call a more volatile period marked by softer pricing and more regulations. analysts also say that rising interest rates will help these companies earnings next year and beyond because they like to invest in long-term assets. some of the biggest laggers could have some of the biggest gains. let's take a look. gen worth financial, the industry's worst performer is down about 15% so far this year. its mortgage insurance business was hit hard in the housing crises. on average, analysts expect that this stock could rise 34% over the next 12 to 18 months. checking out another one, aflac, that is down 13% year-to-date. that's thanks partly to its japanese business where the weakening yen and consumption tax hike have weighed on it but analysts expect an 18% increase in that stock's price. another one, prudential f
morgan brennan joins us breaking done the sectors. >> there's one group of stocks that has lagged that recent rally and that's the insurers. while financials are up about half a percent this month, insurance companies are down almost one percent as this grouping enters what analysts call a more volatile period marked by softer pricing and more regulations. analysts also say that rising interest rates will help these companies earnings next year and beyond because they like to invest in...
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i'm morgan brennan. the s&p up to 23 points leading the way. the utility sector is the best sector leading the way today. ener nrg energy, followed by x krrkl energy. >>> rio tinto's are hitting the market. it begins today in new york, followed by vuiewings in hong kong. it's hard to believe these start as tiny pebbles deep underground, but of course they're buffed up and turned into something very valuable. this girl's best friend is estimated at a little over $100 million. rio tinto down a little bit today. >>> apple will step up security measures for user accounts despite repeatedly telling the world its icloud was not compromised in that celebrity hacking scandal. as we get closer to that big apple event on tuesday, expect new products, maybe a big screen phone. some are wondering whether apple could have, should have done more to prevent such a mishap. eric, welcome. should they have done more? >> clearly they said they should have. for one thing, there is this two-step verification that apple has. i use it routinely on my gmail account, b
i'm morgan brennan. the s&p up to 23 points leading the way. the utility sector is the best sector leading the way today. ener nrg energy, followed by x krrkl energy. >>> rio tinto's are hitting the market. it begins today in new york, followed by vuiewings in hong kong. it's hard to believe these start as tiny pebbles deep underground, but of course they're buffed up and turned into something very valuable. this girl's best friend is estimated at a little over $100 million. rio...
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. >>> let's get down to business with morgan brennan. >> u2 is making history, the band releasing its first album in five years "songs of innocence" for free via itunes. bono made the news official during apple's announcement of the new iphone and apple watch on tuesday. everyone with an itunes account will have ak stoes that album. that equates to half a billion people worldwide. >>> meanwhile, microsoft is in talks to buy the maker of "mind craft" for more than $2 billion. a deal would add to microsoft's xbox business which is lagging behind sony's play station 4. walmart is out in its annual chosen by kids hot toys list ahead of the holiday shopping season. the big winners, arts and crafts, electronics and classic cars. walmart says it won't waiver on offering the lowest price. richard, back to you. >>> just ahead t popular and very married nfl owner in trouble with a stripper. first, crime is exhausting. florida cops saying a burglar took a nap while on the job. lying next to him, look at that, his stash of stolen jewelry. the guy was eventually busted by a cleaning lady. we'll be
. >>> let's get down to business with morgan brennan. >> u2 is making history, the band releasing its first album in five years "songs of innocence" for free via itunes. bono made the news official during apple's announcement of the new iphone and apple watch on tuesday. everyone with an itunes account will have ak stoes that album. that equates to half a billion people worldwide. >>> meanwhile, microsoft is in talks to buy the maker of "mind craft"...
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cnbc's morgan brennan here to tell us about the huge amounts of cash up for grabs now. morgan, good morning. >> good morning, aaron. well, apple fans may be fawning over that iphone 6 and the apple watch, but there's a whole host of companies that are scrambling to capitalize on these new products. and they've been searching the internet for the past few weeks for rumors about the iphone 6, trying to verify what it would look like and how it will be built. why? they want a piece of the -- get this -- $21 billion smartphone accessory market. shipments of accessories such as iphone cases and skins topped $2.2 billion in the past year and are expected to reach $2.5 billion in the middle of next year. meanwhile, walmart is out with its annual chosen by kids hot toys list. this is the head of the holiday shopping season. big winners, arts and crafts, electronics, scooters and classics like hot wheels cars. walmart plans to promote the items as chosen by kids with in-store display as well as online and says it won't waver in offering the lowest price. aaron, back to you. >> mo
cnbc's morgan brennan here to tell us about the huge amounts of cash up for grabs now. morgan, good morning. >> good morning, aaron. well, apple fans may be fawning over that iphone 6 and the apple watch, but there's a whole host of companies that are scrambling to capitalize on these new products. and they've been searching the internet for the past few weeks for rumors about the iphone 6, trying to verify what it would look like and how it will be built. why? they want a piece of the --...
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morgan brennan live at cnbc world headquarters. we will not have you explain us what net neutrality is, but what is going on on the markets? >> i could do it but it might put everybody back to sleep. target's new ceo looking to refocus receipt tailor on a handful of key areas. working to bring shoppers back into the stores following setbacks including last year's data breach. areas such as baby products, fashion and health will get extra attention and investment. futures are higher after stocks fell on tuesday. investors start to speculate about the next move by the federal reserve, especially when interest rates may go up. dow, nasdaq, s&p 500 posting a biggest drop in more than a month. the dow notching first back to back declean since early august. data on wholesale trade. the dow falling 97 points. the nasdaq losing 45. microsoft in talks to buy the maker of mind craft. for more than $2 billion. a deal would add to xbox business which is lagging behind play station 4. reports say the deal is surprising since mind craft creator
morgan brennan live at cnbc world headquarters. we will not have you explain us what net neutrality is, but what is going on on the markets? >> i could do it but it might put everybody back to sleep. target's new ceo looking to refocus receipt tailor on a handful of key areas. working to bring shoppers back into the stores following setbacks including last year's data breach. areas such as baby products, fashion and health will get extra attention and investment. futures are higher after...
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morgan brennan live with the details this morning, and morgan, i wouldn't want to make any gambles aso what's going to happen. eventually, rates got go up, right? >> reporter: eventually. the question is when. we do know it'll be some time next year, but when is the key here. and that's why we're seeing futures mixed as investors await news. stocks reversed early losses and rallied with the dow posting the best day in four weeks. markets turned higher after they won't take action. there's been signaling interest rates going up sooner than has been anticipated. today we're getting on data consumer prices and inflation. the dow rising 100 points, the nasdaq adding 33 to 4552. meanwhile fedex will hike shipping rates by 5%, that's starting in january right after the holiday season. it affects ground, express, and freight deliveries. earlier this year, they would start charging by box size, fedex reported its earnings and solid beat there. starbucks goes mini. they are testing a mini, this is a ten ounce drink that's a tad lower in price and calories than the conventional 12 ounce version
morgan brennan live with the details this morning, and morgan, i wouldn't want to make any gambles aso what's going to happen. eventually, rates got go up, right? >> reporter: eventually. the question is when. we do know it'll be some time next year, but when is the key here. and that's why we're seeing futures mixed as investors await news. stocks reversed early losses and rallied with the dow posting the best day in four weeks. markets turned higher after they won't take action. there's...
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smartphones are already shaking up the telecon industry as they look to fight those devices, morgan brennan looks at the sales hitting stores in just a week. >> reporter: america's biggest wireless carriers are using the iphone6 launch to battle it out for new subscriber, slashing prices and shelling out top dollar for trade-ins of older models, verizon and at&t are rolling out big offers betting they will be balanced out by the phone's success. >> we are pretty clear, we think it will be the best launch ever on an iphone and we're the only carrier putting on the rate plan for the iphone. so you can bet that we feel very comfortable with the iphone, it is simple, $50 only with the iphone 6. >> reporter: and its rival will play out much differently than previous ones. in the past, they would subsidize regarding the cancellation fees. >> now, you have carriers like t-mobile and now sprint who are willing to buy out all the early termination fees from contracts like verizon and at&t, and that means that customers are free to leave and shop for lower-priced plans. that is putting pressure on ev
smartphones are already shaking up the telecon industry as they look to fight those devices, morgan brennan looks at the sales hitting stores in just a week. >> reporter: america's biggest wireless carriers are using the iphone6 launch to battle it out for new subscriber, slashing prices and shelling out top dollar for trade-ins of older models, verizon and at&t are rolling out big offers betting they will be balanced out by the phone's success. >> we are pretty clear, we think...
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morgan brennan explains theçó outlook for both. >> with the possibility of an interest rate hike on the regional bank stock for big returns.% companies like pnc financial and u.s. bank corps ars3 among theo names that fuelled the rally in the financial sector thist(e1e1, citigroup,ju %- they aree1 not affected by the regulatory changes. analysts say itçó means these stocks stand to gain from higher #f$nterest rates. >> we betq+eÑi the out-performance from the stocks this month is ae1çó reflection the short-term interest rates will go up in 2015 and that in our view 2014 is an ideal time for investors to begin toxd accumulate shares of regional banks. >> atlanta-based sun trust bank is one tope1ok pick among analy they will benefit from the housing market in qflorida, he looks to the midwest which enjoyed a stronger economic recovery for regional winners. >> our top pick in the midwest is third, we think it will grow above pace in the industry andç that the xdbank's high-level profitability is not re flekted. >> others are lookingeiitjuçó examples such as insurance companies, names like
morgan brennan explains theçó outlook for both. >> with the possibility of an interest rate hike on the regional bank stock for big returns.% companies like pnc financial and u.s. bank corps ars3 among theo names that fuelled the rally in the financial sector thist(e1e1, citigroup,ju %- they aree1 not affected by the regulatory changes. analysts say itçó means these stocks stand to gain from higher #f$nterest rates. >> we betq+eÑi the out-performance from the stocks this month...
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for "nightly business report", i'm morgan brennan in atlantic city, new jersey. >> that is "nightly business report" for tonight. i'm susie gharib, thanks for watching and welcome back, tyler. >> i'm tyler mathisen. thanks for joining us. have a great evening, everybody, and we hope to see you back here. >>> google is an artificial intelligence company as well. >>> people who tour these galleries often say wow, i had no idea. many think computing is about engineers and mathematicians. but if you ever shopped online or texted a friend, you know computing is about you. google, a company, a service, and even a verb. google story is filled with the unexpected from its simple roots to its global reach. steven levy is google's authorized biographer and he enjoyed unparalleled access for his book,
for "nightly business report", i'm morgan brennan in atlantic city, new jersey. >> that is "nightly business report" for tonight. i'm susie gharib, thanks for watching and welcome back, tyler. >> i'm tyler mathisen. thanks for joining us. have a great evening, everybody, and we hope to see you back here. >>> google is an artificial intelligence company as well. >>> people who tour these galleries often say wow, i had no idea. many think...
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morgan brennan has more. >> reporter: small cap stocks have under-performed the broader market down 5% alone this month. but experts say the recent weakness which includes the small companies could present a buying opportunity. >> the small caps have out-performed for a while now so this is the first time they have under-performed in many, many years. so i think it has people feeling uneasy about that. but the earnings are there and they're not excessive valuations in small cap, i don't believe. so we're very comfortable buying them down in this level. >> reporter: hodges, who manages a small cap fund, makes boxes and also, the oil and gas in the pe permian basin. >> we look for caps that want the management team to be incentivized not by pay but performance. we look at stock companies that do things differently than the norm. >> analysts say they look for free cash enclose, names like sun cap energy which global predicts would rise 14% in the coming months. and darling ingredients, barclays analysts say they're focusing on stocks values rather than just growth. they like energy compan
morgan brennan has more. >> reporter: small cap stocks have under-performed the broader market down 5% alone this month. but experts say the recent weakness which includes the small companies could present a buying opportunity. >> the small caps have out-performed for a while now so this is the first time they have under-performed in many, many years. so i think it has people feeling uneasy about that. but the earnings are there and they're not excessive valuations in small cap, i...
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for "nightly business report," i'm morgan brennan at the nasdaq in new york city. >>> ebay's decision to split off a pay pal is creating a lot of buzz in the payments world increasingly populated by companies promising to make it easier for retailers to accept and for consumers to make payments from their mobile phones. mary thompson now with the who's who in the mobile payments space. >> ebay's breaks up with paypal, splitting up the business just over 40% of its revenue, for assignment watchers there is a pay off in payments. >> i think in the split we think there is value in the payment side efforts value i dates what apple and others are doing. >> what apple is doing with its soon to be launched apple pay is hoping to get a piece from the rapidly growing mobile payoffs. the amount should be up from 205 billion. hundreds are competing for a piece of the consumer's digital wallet. the analyst says with so many options, consumers and retailers don't want to commit to just one. >> there is still so much that needs to be sorted out with retailers what they prefer to accept and consumer
for "nightly business report," i'm morgan brennan at the nasdaq in new york city. >>> ebay's decision to split off a pay pal is creating a lot of buzz in the payments world increasingly populated by companies promising to make it easier for retailers to accept and for consumers to make payments from their mobile phones. mary thompson now with the who's who in the mobile payments space. >> ebay's breaks up with paypal, splitting up the business just over 40% of its...
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let's get down to business with cnbc's morgan brennan. good morning. >> good morning, richard.s are focused on the feds today which wraps up a two-day policy meeting. the decision announced at 2:00 p.m. eastern followed by a news conference by fed chair janet yellen. investors are speculating whether they'll tweak whether they'll go up sooner rather than later. fedex hikes shipping rates by an average of 5% starting in january after the holiday season. the move affects ground, freight deliveries. earlier they announced they would start charging by box size as well as weight. expect cheaper gas prices this fall. gasbuddy.com is predicting average price also drop to as low as $3.15 a gallon. some 30 states could see gas even fall below $3.00 due to lower demand as refiners switch to cheaper winter blends. back to you. >> morgan, we will take that. thank you so much. >>> just ahead, derek jeter going out with a bench-clearing brawl. the rest of your sports. highlights are next. say so long to touch-ups. revlon colorstay makeup. breakthrough time release technology keeps skin balan
let's get down to business with cnbc's morgan brennan. good morning. >> good morning, richard.s are focused on the feds today which wraps up a two-day policy meeting. the decision announced at 2:00 p.m. eastern followed by a news conference by fed chair janet yellen. investors are speculating whether they'll tweak whether they'll go up sooner rather than later. fedex hikes shipping rates by an average of 5% starting in january after the holiday season. the move affects ground, freight...
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for "nightly business report", i'm morgan brennan in atlantic city, new jersey. >> that is "nightly business report" for tonight. i'm susie gharib, thanks for watching and welcome back, tyler. >> i'm tyler mathisen. thanks for joining us. have a great evening, everybody, and we hope to see you back here. >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years, kovler foundation, and union bank. >> at union bank, our relationship managers use their expertise in global finance to guide you through the business strategies and opportunities of international commerce. we put our exten
for "nightly business report", i'm morgan brennan in atlantic city, new jersey. >> that is "nightly business report" for tonight. i'm susie gharib, thanks for watching and welcome back, tyler. >> i'm tyler mathisen. thanks for joining us. have a great evening, everybody, and we hope to see you back here. >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, newman's own foundation,...
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Sep 3, 2014
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for "nightly business report", i'm morgan brennan in atlantic city, new jersey. >> that is "nightly business report" for tonight. i'm susie gharib, thanks for watching and welcome back, tyler. >> i'm tyler mathisen. thanks for joining us. have a great evening, everybody, and we hope to see you back here. [ ♪music ] >> art is not just one thing. it is a road that opens in many directions. it's an opportunity to discover one's voice. >> where were you when he got shot? >> a chance to master a craft, a way to understand where one belongs in the world. >> taraneh hemami: a lot of my work has involved my identity as an iranian. >> this time on spark, a few good stories about art. [ ♪music ] >> major funding for spark is provided by the william and flora hewlett foundation, supporting creativity and innovation in the arts since 1967. and by the kqed campaign for the future program venture fund with additional support from the walter and elis
for "nightly business report", i'm morgan brennan in atlantic city, new jersey. >> that is "nightly business report" for tonight. i'm susie gharib, thanks for watching and welcome back, tyler. >> i'm tyler mathisen. thanks for joining us. have a great evening, everybody, and we hope to see you back here. [ ♪music ] >> art is not just one thing. it is a road that opens in many directions. it's an opportunity to discover one's voice. >> where were you...
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>>> let's get down to business with cnbc's morgan brennan. good morning, brennan. >> the markets are focused on the fed which wraps up a two-day federal policy meeting. the fed announces its decision at 2:00 p.m. eastern followed by a conference by fed chair janet yellen. they're speculating whether the central bank will tweak its says post-meeting statement. meanwhile, fedex will hike shipping rates by an average of about 5% starting in january right after the holiday season. that move affects ground, express and freight deliveries. earlier this year fedex announced it would start charging by box size as well as weight. but there is some good news at the pump, at least. expect cheaper gas prices this fall. gasbuddy.com is predicting average prices will drop to as low as $3.15 a gallon. and some 30 states could even see gas fall below $3. now, that's due to lower demand. and as refiners switch to cheaper winter blends. betty, back to you. >> below 3 bucks sounds pretty good. thank you. >>> in california, a state of emergency as wildfires cont
>>> let's get down to business with cnbc's morgan brennan. good morning, brennan. >> the markets are focused on the fed which wraps up a two-day federal policy meeting. the fed announces its decision at 2:00 p.m. eastern followed by a conference by fed chair janet yellen. they're speculating whether the central bank will tweak its says post-meeting statement. meanwhile, fedex will hike shipping rates by an average of about 5% starting in january right after the holiday season....
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morgan brennan from cnbc joins us with more on the breach which could turn out to be one of the biggest in history. morgan? >> it certainly could, tracy, good morning. home depot has confirmed payment systems were breached by hackers in a cyberattack that may have stretched back to april. the breach was first reported by security blogger and home depot said it could impact customers at its more than 2,000 stores across the u.s. and canada. the company says no evidence online that customers were affected or that the numbers were compromised. we'll have to see how this progresses. tracy, back to you. >> still, customers should keep a close watch on all of their accounts. thanks. >>> almost 70 degrees outside this morning and a mild start to the day we are dry, however, outside with plenty of clouds out there and the clouds will increase throughout mid-day. will we see some raindrops in your neighborhood? i'll let you know whennee co ew back. jill, over to you. >>> a tractor trailer fire on the northbound side of the new jersey turnpike. all lanes are blocked in that area. you can take rou
morgan brennan from cnbc joins us with more on the breach which could turn out to be one of the biggest in history. morgan? >> it certainly could, tracy, good morning. home depot has confirmed payment systems were breached by hackers in a cyberattack that may have stretched back to april. the breach was first reported by security blogger and home depot said it could impact customers at its more than 2,000 stores across the u.s. and canada. the company says no evidence online that...
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morgan brennan is live at cnbc headquarters. good morning, morgan. >> good morning, scott. futures are lower after a mixed day for stocks on monday. the dow jing higher but the nasdaq slumped more than 1%, its worst percentage drop since july 1st. the fed begin as two-day policy meeting. the dow raising 43 points, the nasdaq falling 48 points. scott, back to you. >> morgue and, thank you. apple has issued a rrl. the album was a gift from apple but upset some users when it showed up in their itunes account whether they wanted it or not. "gee whiz, people, apple gave you free music, not a venereal disease." >> when the finger pointing comes out, now we know a serious offense has taken place. >> trying to get a sense of the pulse of the week as far as our weather is concerned. are things looking good so far in. >> good if we're looking for hopefully a chance to see some showers. a mild start to your morning, 50s and 60s outside. some patches of cloud in and around the bay area this morning. san francisco, we're mainly fog free right now. we'll see patches of low clouds as we g
morgan brennan is live at cnbc headquarters. good morning, morgan. >> good morning, scott. futures are lower after a mixed day for stocks on monday. the dow jing higher but the nasdaq slumped more than 1%, its worst percentage drop since july 1st. the fed begin as two-day policy meeting. the dow raising 43 points, the nasdaq falling 48 points. scott, back to you. >> morgue and, thank you. apple has issued a rrl. the album was a gift from apple but upset some users when it showed up...
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first to morgan brennan in atlantic city. hi, morgan. >> reporter: as you can see behind me, revel is now officially closed for business. they even took down the sign which people tried to take off. we'll tell you what's next for ac right after the break. first, let's send it to jane wells. >> i'm jane wells in santa monica. in california, there are 25 of these stores, now there's one of these. a dunkin' donuts is fueling up. we'll have that next on "power lunch." stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. ugh. heartburn. did someone say burn? try alka seltzer reliefchews. they work just as fast and taste better than tums smoothies assorted fruit. mmm. amazing. yeah, i get that a lot. alka seltzer heartburn reliefchews. enjoy the relief. >>> welcome back to "power lunch." a tough day for casino stocks.
first to morgan brennan in atlantic city. hi, morgan. >> reporter: as you can see behind me, revel is now officially closed for business. they even took down the sign which people tried to take off. we'll tell you what's next for ac right after the break. first, let's send it to jane wells. >> i'm jane wells in santa monica. in california, there are 25 of these stores, now there's one of these. a dunkin' donuts is fueling up. we'll have that next on "power lunch." stocked....
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morgan brennan back at hq with that. >> check out the utilities.e the second best performing sector on the s&p behind energy. investors looking for a dividend play here. northeast utilities leading the way followed by edison international, duke energy, american electric, entergy. it's a good start of the day for the utility sector which has seen a fall-off in the last couple of months. down about 4% this quarter. back to you. >> i guess the fuel keeps falling and values helping them. >>> new data out about the best places to live in this country and how those places correspond with millennials looking for jobs. diane olick has more on that. >> millennials are slowly starting to move out from their parents' basements where a record number have been living the past few years. they are still renting. over the past year, all the growth in net household formations has been among renters. for those 35 years and younger, their homeownership rate has fallen 44% to 36% over the past decade. back to that migration from the basement. how big is it? we are goi
morgan brennan back at hq with that. >> check out the utilities.e the second best performing sector on the s&p behind energy. investors looking for a dividend play here. northeast utilities leading the way followed by edison international, duke energy, american electric, entergy. it's a good start of the day for the utility sector which has seen a fall-off in the last couple of months. down about 4% this quarter. back to you. >> i guess the fuel keeps falling and values helping...
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morgan brennan joins us with more. hey, morgan. >> hey. blackrock's analyst says regional banks are the purest play on rising interest rates and see the relationship between the regionals and the broader financial sector in this month to date chart and looking at that spike right there, that is right around the fmoc meeting so one regional that is rebounding is suntrust. that is up about 1.5% over a month and will benefit from the housing recovery in places like florida. pnc financial up over 2% over the last month and m&t bank is up. they expect rates to increase earnings for the regionals and not subject to many of the regulatory changes that pressured the bigger universal peers but regionals do face two headwinds. pressure of new loans hurts loan yields and there's the possibility of deposit outflows as rates rise and folks start to put more of their money to work elsewhere. in light of that, here are two more regional banks that analysts like. terry mcavoi says comerica is sensitive to higher rates and morni morningstar like business m
morgan brennan joins us with more. hey, morgan. >> hey. blackrock's analyst says regional banks are the purest play on rising interest rates and see the relationship between the regionals and the broader financial sector in this month to date chart and looking at that spike right there, that is right around the fmoc meeting so one regional that is rebounding is suntrust. that is up about 1.5% over a month and will benefit from the housing recovery in places like florida. pnc financial up...
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morgan brennan tracking the wild moves. >> maybe time for a neck brace. but we'll see here. because we have volatility criming bacrime creeping back into the market. certainly something to watch as we go through the rest of the trading session. vix up about 8% after gaining 23% last week. we have the protests in hong kong adding to investor concerns. russia, economic growth globally and of course the fed anticipated rate hike s next year. take a look at the dollar index trading about flat today, but still near four year highs. as the next earning season start, an lis will be watching sales for multinationals. but meantime, take a look at the mid caps, as well, the s&p 400 falling this month. mid caps could be most at risk to currency headwinds because they're more volatile than the large caps and they do have the exposure abroad. so that down about 4% withis month. small caps down about 7%, 8% from july highs. these are sensitive to rising rates. russell 2,000 hit the technical death cross last monday and since trended lower. so strategists warn that the selloff in small cap
morgan brennan tracking the wild moves. >> maybe time for a neck brace. but we'll see here. because we have volatility criming bacrime creeping back into the market. certainly something to watch as we go through the rest of the trading session. vix up about 8% after gaining 23% last week. we have the protests in hong kong adding to investor concerns. russia, economic growth globally and of course the fed anticipated rate hike s next year. take a look at the dollar index trading about flat...
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over to morgan brennan for a flash. hey, morgan. >> hey, scott. check out mike's coors. luxury retailer moving lower one mpt founding investors sells its 5.7% stake in the company. because the stake is sold in a secondary public offering michael coors will not receive any of the proceeds from that nearly $1 billion sales. two reps on the board resign. stock currently trading down about 4%. for the year coors down more than 5%. scott, back to you. >> okay. thanks. >>> we discussed coors yesterday in our bull's-eye are full of bull segment. take a listen. >> own the stock and will probably buy again. >> the stock pulled back to an attractive valuation. >> the bull's-eye is there. >> i like what coors is doing. >> i think you buy. >> full of bull. >> what the people think. the street son this one. 76% to 24%. >> bottom line. the people said that the overly bullish calls were full of bull. the traders said that the overly bullish calls were a bull's-eye. the stock's down like 4% today. on a big hold getting out. the customer's always right. i guess. crickets? come on, guys.
over to morgan brennan for a flash. hey, morgan. >> hey, scott. check out mike's coors. luxury retailer moving lower one mpt founding investors sells its 5.7% stake in the company. because the stake is sold in a secondary public offering michael coors will not receive any of the proceeds from that nearly $1 billion sales. two reps on the board resign. stock currently trading down about 4%. for the year coors down more than 5%. scott, back to you. >> okay. thanks. >>> we...
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. >> morgan brennan, cnbc.t to piggyback off of that question, what are your comments on the fact that procter & gamble pulled its partnership plug today? >> well, again, we understand that and what we said is that we're going to clean up our house. we're going to get this straight and we're going to make a difference and they want to see us make that difference. and that is up to us to deliver on. they want to see us achieve that. they are not looking for talk. they want to see action. that's what we're looking for and why we are going to get it right and do the hard work. this is not a quick fix. this is something we've got to work hard at. and we will. >> mr. goodell? >> roger, you talked about establishing a personal contact committee and you said the goal was to be completed by the super bowl. what to be completed by the super bowl? because isn't this -- aren't these issues constantly evolving? >> yes. that's why we want to get to work immediately. the conduct committee is not the committee that we'd expec
. >> morgan brennan, cnbc.t to piggyback off of that question, what are your comments on the fact that procter & gamble pulled its partnership plug today? >> well, again, we understand that and what we said is that we're going to clean up our house. we're going to get this straight and we're going to make a difference and they want to see us make that difference. and that is up to us to deliver on. they want to see us achieve that. they are not looking for talk. they want to see...
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let's bring in morgan brennan, when's holding back the small caps?uch a good question, brian. that is story that's playing out for the small caps all yearlong. look at the russell 2000 year to date. that's down about 3% compared to the s&p's gain of 7%. the dow's 3% and 8% increase for the nasdaq. and yesterday the russell 2000 hit a so-called death cross with the 50-day moving average falling below the 200 day. first time we have seen that since august 2011 and something technicians say could be a bearish sign. strategists tell me this is all part of investors rotation out of the high beta, high growth, high momentum smaller stocks into the blue chips. a defensive shift in light of the fed's likely move to begin raising interest rates next year. small caps are much more vulnerable to changes in rates but the big issue now is what this means for the broader markets. is this a selloff? is a selloff a warning sign? and the economy since small caps are often a gauge of u.s. economic growth and their businesses are often much more domestic than the big m
let's bring in morgan brennan, when's holding back the small caps?uch a good question, brian. that is story that's playing out for the small caps all yearlong. look at the russell 2000 year to date. that's down about 3% compared to the s&p's gain of 7%. the dow's 3% and 8% increase for the nasdaq. and yesterday the russell 2000 hit a so-called death cross with the 50-day moving average falling below the 200 day. first time we have seen that since august 2011 and something technicians say...
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morgan brennan is here with more. good morning. >> reporter: good morning.e depot confirmed the payment systems were breached by hackers in a cyber attack that stretches all the way back to april. the breach was first reported last week and they say the best that impacts customers is more than 2,000 stores. >>> meanwhile, twitter will test a buy button to let users purchase products instantly. this will be limited to the mobile versions of twitter and aimed to time-sensitive items like t-shirts and concert tickets but eventually could create a new revenue stream for twitter th relies heavily on ads for all of its income. back to you. >>> thank you, morgan. new this morning, americans are saving more tha ever for college. you probably have seen the average 529 savings plan is near $20,000. but here's the bad news, it's not enough to cover one year at a public four-year university. the average cost for a four-year public school including room and board is $18,000 for-state students. that's a hefty price tag. >> by the time your kids are old enough to be in sch
morgan brennan is here with more. good morning. >> reporter: good morning.e depot confirmed the payment systems were breached by hackers in a cyber attack that stretches all the way back to april. the breach was first reported last week and they say the best that impacts customers is more than 2,000 stores. >>> meanwhile, twitter will test a buy button to let users purchase products instantly. this will be limited to the mobile versions of twitter and aimed to time-sensitive...
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over to morgan brennan now. what do you have, morgan?> check out t-mobile, that stock was spiking on a report dish's charlie morgan is discussing a deal with t-mobile after talks with sprint ended. so t-mobile right now is trading up more than 1.5%. back to you. >> interesting. such a game of musical chairs in this sector if you look at dish, too, dish is up nearly a percent. there is always a speculation dish would need to merge with one of these players in the sector to be competitive with some of these merged entities. >> the telecome industry is playing musical chairs. >> iliad is on the table, as well. they've got their hands full. >> crazy stuff. we'll keep an eye on that story as we head towards the close. 18 minutes left in the trading session with the dow up 47. s&p is in record territory right now as we head towards the close. >> one stock not up today, tesla, is the company overvalued after rallying more than 83% this year? someone who follows the company and the stock perhaps closer than anyone else in the world thinks it may
over to morgan brennan now. what do you have, morgan?> check out t-mobile, that stock was spiking on a report dish's charlie morgan is discussing a deal with t-mobile after talks with sprint ended. so t-mobile right now is trading up more than 1.5%. back to you. >> interesting. such a game of musical chairs in this sector if you look at dish, too, dish is up nearly a percent. there is always a speculation dish would need to merge with one of these players in the sector to be...
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morgan brennan has a special report coming up. >>> virgin group founder richard branson at it again.e's taken great vacations like this one. he wants his workers to have great vacations, too. as many as they want. literally. unlimited vacation policy. at his company. that story still ahead. hi! can i help you? i'm looking for a phone plan. it has to be a great one, and i don't compromise. ok, how about 10 gigs of data to share, unlimited talk and text, and you can choose from 2 to 10 lines. wow, sounds like a great deal. so i'm getting exactly what i want, then? appears so. now, um, i'm not too sure what to do with my arms right now 'cause this is when i usually start throwing things. oh, that's terrifying at&t's best-ever pricing. 2-10 lines, 10 gigs of truly shareable data, unlimited talk and text, starting at $130 a month. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your h
morgan brennan has a special report coming up. >>> virgin group founder richard branson at it again.e's taken great vacations like this one. he wants his workers to have great vacations, too. as many as they want. literally. unlimited vacation policy. at his company. that story still ahead. hi! can i help you? i'm looking for a phone plan. it has to be a great one, and i don't compromise. ok, how about 10 gigs of data to share, unlimited talk and text, and you can choose from 2 to 10...