for "nightly business report," i'm morgan brennan. >>> and now to another pillar of the economy. housing. average long-term u.s. mortgage rates inched up this week. freddie mac says the rate on a 30-year fix rate is now 3.9%. >>> mortgage rates are watched closely by people looking to buy or refinance a house but a growing number could careless because a big change is taking place, one where many people don't dream of buying a home but instead want to rent and creating a new frontier for investors in single-family rentals and a new revenue stream for builders. diana olick explains. >> reporter: at a brand-new community just outside atlanta -- >> you have no reason to sell any of your homes? >> i actually think we're coming into the most compelling three or four years that i have seen since i've been in the business. >> reporter: doug brian is shopping for more homes to buy for his company. a single-family rental, new homes to turn into rentals. >> we're starting to talk to more and more builders and starting to get more and more interest in not just selling us a couple of homes i

morgan brennan explains. >> under $50 a blare, there's one market that's benefited. crude tanker ships. in the first half of 2015, rates were very large crude carriers that carry up to 2 million barrels per trip peaked at 90,000 a day. for some ships hauling oil to asia. by august rates had plunged 27%, 'demand slowed down. still analysts say this sector is poised for its best fourth quarter in years. >> we do think that the tanker market is going to see more up side as we move into the fourth quarter of this year. seasonally you see stronger demand from both the heating perspective and overall energy perspective. we would expect to see from a supply perspective not a lot of incremental deliveries. the demand is coming from asia, where china is expected to build up crude reserves to take advantage of higher refining margins, and only limited number of new ships coming online, all of this could bode well for stocks, like nordic america tankers and dht holdings. small-cap names, but ones that represent pure plays. tk tankers front line and energy navigation could also

morgan brennan, "on the money." >> plus, they're cute. that's the show for today. i'm becky quick. thank you so much for joining me. my guest next week is former president bill clinton. each week, keep it right here. have a great one and i'll see you next weekend. with a mass in fa. we'll have live team coverage. >> plus, mets fans with a reason to celebrate this morning after the team clinch its first division championship in years. >>> plus, a check of the seven-day forecast. >> "today in new york," your it's not about hugging trees. it's not about being wasteful either. balance. where taking care of yourself takes care of more than just yourself. lease an mkz hybrid for $299 a month only at your lincoln dealer. >>> now on "today in new york," pope francis begins his second day in philadelphia after closing out the night with a star-studded festival of families. >>> plus, a rapper in recovery. details on a new jersey crash involving fetty wap. >>> and the long wait is finally over for mets fans. heading back to the playoffs for the first time in nearly a decade. good morning and

morgan brennan, "on the money." >> plus, they're cute. that's the show for today. i'm becky quick. thank you so much for joining me. my guest next week is former president bill clinton. each week, keep it right here. we're "on the money." have a great one and i'll see you next weekend. >>> good morning, america. happening right now -- welcomed with love. philadelphia is electric. the largest crowds yet embracing pope francis. the incredible moments. halting his motorcade to bestow a blessing. a mother overcome. >> and i was just crying happy tears. >> and serenaded by the stars. the big night ahead of today's massive mass. i'm in philly heading our "good morning america" top to bottom team coverage. >>> concert chaos. the crowd out of control, rushing the stage. fans trampled and injured. emergency crews on the scene, how did this happen? >>> also this morning -- horror at home, two sisters attacked. >> he's stabbing my sister! he's stabbing her! >>

morgan brennan has more on the company that many consider an excellent barometer to assess the global economy. >>> first quarter earnings at fedex increased 20%, but that stell fell short of estimates. the delivery diet guidance on weakening global economic conditions and one-time expense in the ground domestic unit. that sent shares tumbling putting stock even further in the red for the year. freight less than truckload shipment which include a lot of industrial goods experienced weaker demands. but as the company continues to restructure express, earnings growth in that segment soared 45%. analysts say longer term, the company is still on track. >> well, they were very clear to point out that the revision down in the full year guidance, a mere 2%, $0.20 off $11 number was based on the increase in an insurance accrual, that while they have some uncertainties about the global trade, especially manufacturing economy, that the consumer economy continues to show growth and ecommerce continues to show growth. >> up next for parcel carriers holidays. executives on earnings call said they e

for "nightly business report" i'm morgan brennan. >>> it's not just alcoa. a number of other companies are feeling the pressure of declining commodity prices including glencorps. it's one of the world's largest producers and traders of commodities. and as saima modi explains those low commodity prices are crushing companies that borrowed money in order to grow. >> reporter: it's a sign of the times but how bad can it get? swiss mining giant glen core, once a symbol of a decade-long boom in coomodities, is used to digging through mountains, but clearing a mountain of debt, roughly $30 billion, won't be easy while commodity prices are buried. four years ago it went public. its top executives became billionaires. last year it collected more than $220 billion in revenues. this year it's ranked tenth on "fortune's" global 500 list. but now low prices for copper and zinc are hurting profits. copper is at six-year lows, and even though it just raised $2.5 billion to pay off debt with a stock offering, investors have to be cringing after glencore's shares dropped by

i'm morgan brennan in nanuit, new york. >>> it's time to answer some of your business questions, ourrd of directors is here to help us out, cory lathan founder and ceo of anthro tronnics and scott gerber, founder of young entrepreneur council. good to see you guys. >> you, too. >> 105-year-old company, we have an 58-year-old brand. i have two millenials at home and trying i'm trying to figurew to connect with them and all of their friends. >> obviously we chose this question because you're here, scott. >> it's funny. two things. one, ask them! it's funny. people think millennials are living in this big bubble and are unapproachable. figure out ways to tie your product in. game-ify whatever you're doing. connect with them and help them to win points, prizes or things for telling others or showing them your product. that's part of the process. anything that gets them active and competitive is very big. >> millennials are actually quite a large group. to think about -- can we think about millennials as a group to target? some millennials are having kids now, which changes things. >> i t

morgan brennan, "on the money." >> plus they're cute. that's the show for food. i'm becky quick. my guest next week is former president bill clinton. we're "on the money." have a great one and i'll see you next weekend. because you never know when it will happen you've decided to work in a cubicle. this cubicle. being irregular is the worst. get more fiber with chocolaty-chewy fiber one bars. feeling good can taste great suffering from ringing in their ears, there's no such thing as quiet time. but you can quiet the ringing with lipo-flavonoid, the number-one doctor-recommended brand. relieve the ringing with lipo-flavonoid. >> narrator: in this episode of "american green"... staten island native joe mazella wants to help friends and neighbors with the promise of using their money to turn distressed properties into highly profitable residential oases. >> joe's pitches were just like you going out and having a beer with a friend. >> narrator: he lures in retirees, policeman, firemen, and even members of the deaf community, but this opportunity is a $14-million scam, where his clie

for "nightly business report," i'm morgan brennan. >> hewlett-packard is slashing 10% of its workforce and that's where we begin tonight's market focus cutting 25 to 30,000 jobs in an effort to save nearly $3 billion annually. this is on top of the 55,000 positions already cut as part of the company's on going restructure stairsabled. before the close the stock was a fraction higher at 27.11. target testing the grocery delivery waters teaming up with instacart, an online grocery shoppersservice to l order food and other products. at first the service will be only available in minneapolis. but the two companies are exploring an expansion into other markets in the future. shares were a fraction higher to close at 77al 82. positive drug trial results lifted shares of gw pharmaceuticals. the company's experimental drug for treating schizophrenia performed well in the study. shares up 7.5% to 114.92. >> great television has agreed to buy all of the tv and radio stations of the sures communications. the deal worth about a half a billion dollars. will expand gray's operation into 28 states. g

i'm morgan brennan. >>> time to answer some of your business questions. our board of directors is here to help us out. corey is co-founder and ceo of a biomedical engineering product development company and scott is founder of the young entrepreneur council a group made up of more than 1500 of america's young entrepreneurs. good to see you both. let's start with the first question about reaching a younger audience. >> we're 105-year-old company, we have 85-year-old grand, i have two millennials at home and trying to figure out how to connect with them and their friends. >> obviously we chose this because you're here, scott. >> it's funny. two things. one, ask them. it sounds funny people think millennials are in this bubble and unapproachable. ask them what's interesting to them. figure out ways to tie your product in. gamify whatever you do in marketing. find a way to connect with them and help them to win points or prizes or things for telling their friends, telling others, selling your product if that's part of the process. anything that gets them acti

i'm morgan brennan with this market alert.ase pharmaceuticals plunging 80% in after hours tradinging p. the biopharmaceutical company saying its experimental super bug fighting antibiotic failed to meet its goal in a late stage study. it showed the drug was not better than johnson & johnson's competing antibiotic. the company had expected to apply for regulatory proofl bit end of this year, and just to put this drop in perspective the stock closed at $44.78 a share this afternoon. it's now trading around nine bucks a share in the after hours. melissa? >> thank you, morgan brennan. and the stock wasn't a small one before the drop. it was a $1.6 billion company at the close. ibb, though, the biotech etf, really a strong part of the market in today's session, getting help from a couple of upgrades on amgen and regeneron. who's in the biotech trade and thinks the worst is behind it? >> if you're of the view that -- my view is the market is very choppy vol for the next six weeks. i think ibb is still in the throes of that. >> apple

morgan brennan looks at some names that some on the streets say could be poised for growth. >> the dow jones transportation average is down 15% for the year. underperforming the broader market. but analysts say the steep sell-off created some longer term buying opportunities for those not being a part. transport stocks poised to grow even as the global economy doesn't. take fedex which is down almost 13% in the past month alone. citigroup added to the list. >> you have strong e-commerce growth. that is the secular story that is continuing to show growth. the second is the company already has a head start in terms of cost cutting which helped deal with the international slowdown. the third is back to that valuation point, relative to peers and against itself, it is relatively inexpensive. >> there is also opportunity in. swift transportation has shed 23% this one month. according to fact set, analysts say it is 60% higher than its current price. for truckload carriers like swift, werner enterprises and night transportation, not only does it lower operating costs but savings translate in

morgan brennan joining us now with a few names to keep an eye on the morgan? >> hey, brian.ransports have gotten absolutely trounced. look at the dow jones transportation average down 8.5% the past month, down 16% this 2015, but some analysts are saying that the market turmoil we have seen has actually created a longer term buying opportunity though, certainly not for the faint of heart. go to the say that so, several names that offer growth, take fedex. it's down almost 14% over the past month, but citi added to the recommended list, citing e-commerce ex-poesh shaurntd company's express restructuring, not just city that likes this stock, the implied upside for fedex the next 12 months, 33%. now, another name to check out, the truckers, sold of you pretty steeply, switch transportation down 23% in the past month but analyst consensus for this stock, 61%. now, avondale partners donald broten says swift and other truck load carriers, he likes them because ben fit from cheap fuel and a strengthening u.s. consumer. lastly, hold on to your seats for this one, union pacific. this

morgan brennan has more. >> yes.e first half of 2015, rates for very large crude carriers that carry up to 2 million barrels of oil peaked at 20,000 barrels a day. but by august rates had plunged 70% as demand slowed down ahead of refinery machines season. now, even now the industry gauged the baltic dirty tanker index is down 26% for the year. analysts say with crude below $50 again this sector could experience its best fourth quarter since 2008 as china builds up crude reserves despite a slowing economy to take advantage of higher refining margins. chris weatherby at citigroup says rates are already rebounding up 50% from the august low with low fuel costs, the tail wands for earnings and a limited number of new ships coming on line. it could bode well for stocks like euronav, nordic american tanker, small cap names but ones that represent pure plays. t teekay tankers and tsakos could benefit. if iranian sanctions are lifted, that would push prices lower and further boost demand for crude transport. back over to yo

morgan brennan in nanuit, new york has our story on the real value of a cluck. >> reporter: farm freshggs in your back yard from chickens that are rented. several start-ups have been hatched that lease out hens and all of the necessary supplies in what's perhaps the quirkiest addition to the share economy. >> we are an affiliate farm. we raise chickens for our customers to rent for a four to six-month rental over the spring and summer, and then we'll come pick them up so you don't have to keep them over the fall and winter. >> reporter: kaye witmer owns a farm in liverpool, pennsylvania an affiliate of two-year-old startup rent a chicken.com. >> usually we make more than one delivery in a day. the majority of our customers are very interested in knowing where their food comes from. >> reporter: rental fills that yard to table design but without the hassle of a long-term investment or a long time commitment since it can take six months for a young bird to begin laying. for $400 a customer gets two hens already laying eggs daily, a coop and 100 pounds of feed, enough to last for the four

for "nightly business report," i'm morgan brennan. >>> for more analysis now on the labor market and the fed, let's turn to milan, chief deputy economist. welcome, nice to have you here. >> thanks for having me. >> you say this is a broadly positive report. energy is a special situation certainly. but you saw a lot of positives in this report. >> absolutely. i think when the fed meets in a couple of weeks, i think they will take a number of key boxes that they have for their decision on tightening policy. i think we did see some disappointment on the headline number, but caution reading too much into that. one of the things we've seen over the past four years is the tendency for the august spread to come in quite weak, only to be revised significantly higher. in fact, on average it has been revised higher by almost 100,000 over the past four years. in effect, that's essentially saying this report could mean that in a few months' time, we'll be looking back at august and thinking that we've created close to 300,000 jobs. for the fed, i think this is exactly what they will be looking f

morgan brennan. >> lighting it up. >>> 12 minutes to go, 245 points higher on the dow.n as we've said interest rates are moving higher, oil creeping a little higher today, s&p up 26, nasdaq 58. >>> the financials have been one of the top performing sectors as well today but we have someone who says that that's becoming a crowded trade. he will explain why when we come back. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. from and the people whought you underwhelbrought youet speeds. temperamental satellite television. introducing... underwhelming internet speeds and temperamental television... in one. welcome to the moment no one's been waiting for. the fastest internet and the best tv experience is already here with x1. only from xfinity. most of the gains up 235 points on the dow industrial average right now, art cashin moments ago told us there is no real imbalance goi

morgan brennan joins us now with the names. morgan. >> hey, scott.'ll tell you what, it's not too early to shop for your holiday stocks. according to our data partner kenshow, the consumer staple center has risen 80% from the time of october 1st to december 21st. that's nearly in line which has averaged a 7% return as you can see. if you dig into the sector, there are several names that consistently outperform holiday season stand-outs. they could be buy brz this month is out. take a -- the return on average 17% from october 1st through december 31st. that's according to kenshow. i guess people like to drink at the holidays. another winner? tyson foods. the poultry and reed red meat producer has -- 13%. another one to check out. mccormick and company. a spice and seasoning maker. a lot of cooking over the holidays. also traded higher every time. a 10% gain on average. other names that tend to pop? cisco corporation. hormel foods each affirming an 8% gain in the fourth quarter. also costco wholesale, which returns on average 7% according to kenshow. s

let's go to cnbc's morgan brennan with a market rundown. >> it is a rough start for stocks today. up monday's gains turning negative for the week and actually turning negative for the month as well. dow is down about 1.3%. the s&p and nasdaq are also down more than 1% a piece. so why is this happening? well, investors are skittish. they're taking profits as a number of factors continue to weigh on the market. there are the ongoing worries about the economic slowdown in had china, this as the chinese president arrives in the states today for a visit. the federal reserve also a factor after it didn't raise rates in september. that hike could now take place as soon as october but theed f has been viewed as hurting stocks by citing worries about the global economy in its decision to wait last week. oil is also pressuring stocks. u.s. crude futures are down about 2% on slowing global demand concerns. in recent months we've seen a correlation between oil and equities when crude falls, in many cases so, too, do stocks. now switching gears, another piece of news that is affecting wall str

we'll go back over to morgan brennan at the nasdaq. >> we're down, we're up, we're down.l been a very narrow trading range. down about five points right now on the nasdaq, fractionally lower. however, we are on track for solid gains for week. composite is set to close 2.2% higher for the week. nasdaq 100 even better. 2.6% for the week. in terms of what's moving to the up side today, it is actually consumer stocks despite that slightly disappointing consumer sent many reading this morning. names like liberty global, american airlines, o'reilly you a automotive. biotech is up right now. having a good week, up 4.5%. some of the names really strong there this week, gilead sciences, illumina. big winners also in terms of tech. amazon up about 5.5%. google 4%. apple 3.5%. all of those names higher today as well. but there has been one stock to the downside with the biggest losers in the nasdaq. wynn resorts. another month of gaming revenues in macao. also a report from an animal cyst we could see some theft at wynn macao in the hundreds of millions of dollars. that stock is dow

morgan brennan has some clues. >> its a he n's not good. it is no longer oil and gas jobs getting cut. the commodity crunch is rippling out to other industries. more on that when "power lunch" returns. >>> welcome back to "power lunch." let's check out what's happening first of all with the markets. the dow is down by 300 points so far near its lows of the day. consumer discretionary stocks the broader sector in the s&p, but still down by over 1%. among names helping at least prop things up relatively speaking for consumer discretionary, shares of dollar tree as well as l brands and dollar general as well. >> i like the way you always find the bright spots for us in this generally down market. the dow currently down at session lows, 332 points to the negative. >>> let's see how the bond market's reacting to the latest jobs report. rick santelli. >> the great old pictures with bob hope and bing crosby. but "the road to normalization" holds very little for stock holdings. look at the yield curve, 10s minus 2s flattening. they are looking for

cnbc's morgan brennan joins us now.xplain the stakes and how investors are feeling today. >> that's right. thinks one this is one of the biggest days on wall street in recent memory. the fed deciding whether to raise short-term interest rates for the first time in nearly a decade. we will get that decision at 2:00 p.m. eastern followed by a press conference by chairman janet yellen. stocks have largely been trading water, all the major indexes up. the dow is up about 44 points. we are starting to see gains there. that's because wall street is divided on whether we will actually get liftoff today. if the fed does begin raising rates, it's expected to be a 25 basis point, basically a quarter of a percent increase. that's a small move. the bigger question will be how central bankers continue to hike from there. for everyday americans, what does this mean? longer term, this will affect credit card and savings accounts or if you are looking to buy a home or car, anything with an interest rate involved basically, mortgage rat

. >>> i'm morgan brennan with your market wrap. stocks end mix. dow falls 65 points.off five and the nasdaq gains four points. the federal reserve left interest rates unchanged in a statement the central bank is waiting to see further improvement in the labor market. inflation closer to its 2% objective. >>> for the economy, the labor department said, weekly jobless claims fell by 11,000 to 264,000, a two-month low. that's it from cnbc, first in business worldwide. help you? i heard i could call angie's list if i needed work done around my house at a fair price. you heard right, just tell us what you need done and we'll find a top rated provider to take care of it. so i could get a faulty light switch fixed? yup! or have a guy refinish my floors? absolutely! or send someone out to groom my pookie? pookie's what you call your? my dog. yes, we can do that. real help from real people. come see what the new angie's list can do for you. laundry can wreak havoc on our sweaters stretch into muumuus. and pilled cardigans become pets. but it's not you, it's the laundry. protec

. >> i'm morgan brennan with mark. the dow barely hanging on to the 16,000 level.wn 142 points, more than 3%. apple selling more than 13 million new iphones over the last three days. and one bright spot, alcoa surged nearly 6% after the company said it would split into two. that's it from cnbc, first in business, worldwide. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good. you think it smells fine, but your wife smells this... sfx: ding music starts luckily for all your hard-to-wash fabrics there's febreze fabric refresher it doesn't just mask, it eliminates odors... ...you've gone noseblind to woman inhales use febreze fabric refresher till it's fresh and try pluggable febreze... ...to continuously eliminate odors for up to 45 days of freshness pluggable febreze and fabric refresher two more ways [inha

for more, morgan brennan with the cnbc market. >> here's where we stan with stocks going into tomorrow the markets ahead the federal reserve decision not to begin raising interest rates yet. stocks giving back earlier gains in the session ending mixes. the dow down 65. the s&p losing 5. nasdaq up almost five points. that's your market update from cnbc, first in business worldwide. ♪ isn't it beautiful when things just come together? build a beautiful website with squarespace. you think your car smells fine, but your passengers smell this... eliminate odors you've gone noseblind to for up to 30 days with the febreze car vent clip break out the febreze, and [inhale/exhale mnemonic] breathe happy. hey! let me help with that. [ music playing ] oh, thank you! [ laughing ] [ music continues ] introducing the one-and-only volkswagen golf sportwagen. the sportier utility vehicle. you aren't treated like a priority. we do things differently. we'll take care of it. we put members first. join the nation. thank you. ♪ nationwide is on your side ♪ [ female announcer ] everything kids touch at schoo

here's morgan brennan with the cnbc market wrap. >> here's how stocks stand heading into tomorrow.13 points. the s&p falling 43 points and that's your market update from cnbc, first in business worldwide. sea monster in the water hazard here. i believe that's a "kraken", bruce. it looks like he's going to go with a nine iron. that may not be enough club... well he's definitely going to lose a stroke on this hole. if you're a golf commentator, you whisper. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. this golf course is electric... when age-related macular have degeneration, amd we came up with a plan to help reduce my risk of progression. and everywhere i look... i'm reminded to stick to my plan. including preservision areds 2. my doctor said preservision areds 2 has the exact nutrient formula that the national eye institute recommends to help reduce the risk of progression of moderate to advanced amd... after 15 years of clinical studies. preservision areds 2. because my eyes are everything. technology empow

morgan brennan joins us with more. >> reporter: fall from grace is right. after a record ipo a year ago this saturday, shares of alibaba shot up to $120 last november. now they are trading around $62 a share meaning they have already fallen nearly 50% from that all-time high. but barron's is arguing baba could fall another 50% from here. the subject of a bearish cover story as you just mentioned last weekend. as a response to that the chinese e-commerce company slamming the story saying it contains, quote, factual inaccuracies and selective use of information and the conclusions he draws are mislead. seeing the full report on cbsnent come. still, a number of factors all weighing on alibaba. disappointing earnings and skepticism about its corporate structure and a series of lock stock expirations, another one coming september 0th and mounting worries about china's slowing economy. that does seem to be a headwind. alibaba saying the total amount of goods bought on its platforms, gross merchandise value for the current quarter will be lower than initially anti

morgan brennan joins with us how much more pain we might expect. >> expect more pain. it's coming.sector which includes oil and gas as well as coal shed another 9,000 jobs in august. the labor department says that brings total losses up to 90,000 since december. bp, sand rich and energy are a few that announced stateside cuts in august. conocophillips eliminated another 1,800 jobs. with u.s. crude prices back down 20% in about three months and the u.s. oil rig count down by 13 this week, many expect more cuts to come. not just in energy. we are now seeing this affect other industries, as well. last month's manufacturing shed 17,000 jobs in a big chunk of that 7,000 came in fabricated metal, which has been impacted by a steep drop in demand for drilling products. also keep in mind, many workers in the oil patch that still do have jobs has had their wages slashed. swiss worldwide resources has seen on average a 15% decline in day rates for contractors. >> morgan, good paying jobs, we'll keep a close eye on it. thank you. >> the unemployment rate did fall 5.1% in august as we added 17

morgan brennan here with what that split means. morgan? >> alcoa announcing its going to split into two separately traded companies that closes in the second half of 2016. clau klaus kleinfeld saying this is the culmination from an aluminum producer to a finished products manufacturer. >> it allows us to build those two businesses into the right size, the right strength, and the right scale. so this allows us to put both businesses on their own path. >> here is what the two companies will entake. the upstream company will keep the alcoa name. the largest bauxite mining. casting houses and significant energy assets. the second company will be the value-add businesses. name still to be decided. this will include midstream and down stream products, engineered products and solution, transportation and construction solutions. basically all of alcoa's manufactured products for aerospace. value-add will be investment grade. alcoa expects aluminum demand to double this decade. forecasts 9% growth in aerospace through 2017. if you look at shares of

morgan brennan has smart plays. hi, morgan. >> so today we're digging into consumer staples. based on historical performance, we have winners and losers. so stay tuned. you're watching cnbc, first in business worldwide. lease the 2015 rc 350 for $429 a month for 36 months. see your lexus dealer. want bladder leak underwear that try always discreet underwear and wiggle, giggle, swerve and curve. with soft dual leak guard barriers and a discreet fit that hugs your curves. so bladder leaks can feel like no big deal. get your free pair and valuable coupons at always discreet.com at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. my here at c.k. mondavi.on, the vice president of operations to make this fine wine it takes a lot of energy. pg&e is the energy expert. we reached out to pg&e to become more efficient. my job is basically to help them achieve their goals around sustainability and really to keep their overhead low. solar and energy efficiency are all core values of pg&e. they've given us the tools that we need to be

morgan brennan has some of the big movers. what's going on, morgan? >> so transports are outperforming the broader market. this is on xpo logistics acquisition of conway. conway shares are up more than 33% right now but they are not the only stock catching a bid on this news. other trucking and logistics companies are soaring as well. names like old dominion freight line. yrc worldwide. hub group. echo global logistics. universal truck load services. even covenant, westerner enterprises and knight transportation. the conway/xpo deal could shore up pricing for the overall sector and more pricing is likely to come. >> you would think with all of those players out there, a lot of them could eventually merge. >> we've seen a number of multi-billion dollar deals in that space. that's why some of these names are up higher than they are today. >>> speaking of transports, new report card out on the state of the airline business. we get it pretty much every month. which carriers are doing well, which are failing at the grade. our phil lebeau knows who's up, wh

for more on today's movers, let's go to morgan brennan at the nasdaq.ing back some of yet's gains. >> that's right. the nasdaq is down about 15 points. take a look at the composite. up for about 2% so far for the week, and the nasdaq 100 is fairing even better. it's up about 2 .3% for the week. investors have been hiding out in some of the large cap names that had been leaders ahead of the market correction we saw last month. the apple, though it's giving up gains today, the apple, facebook, google, amazon, gainers for the week. the same can be said of some of the drug makers as well. higher for the week. but traders and strategists are saying it's really a waiting game. all eyes are on the fed and if it will begin to raise rates. we'll continue to see the trading range narrow, and volatility die down over the next trading sessions as everyone awaits the fed's decision next week. i also want to mention that we did have a moment of silence here with the nypd a short while ago. for anyone who was affected by the ends of september 11th, i want to say my pr

morgan brennan has a look at the demands and joins us from the ups new hub in new jersey with the details to you, morgan. >> hey, kelly. how are you doing? so take a look at this. this is the arsenal kit for spinal surgeries and has equipment like this. and these kits and other valuable medical devices moving through the facility. it is a push by ups into a booming business and that is health care logistics. they don't break down the performance of the segment but does say it is one of the fastest growing. this is a $70 billion market and growing and they have constructed 20 new health care facilities in just the past two years. >> a lot of ups' business is cyclical and driven by retail. health care industry by contrast is fairly stable. it is not cyclical and provides decent returns to the organization throughout the year. >> now unlike e-commerce, shipping, drugs, medical devices and human materials like stool and blood samples requires a high-tech, high-security network and one that has to be both time and temperature sensitive. in the case of ups, at the page health care hub in louisv

morgan brennan is here with more. >> it certainly is seen as a barometer of the economy. like we have seen throughout the transport sector, fed ex's business is catering to businesses doing well. first quarter earnings at fed ex increasing 20%, but it still fell short of estimates. the delivery giant also trimming its full year eps guidance on weakening conditions, and a one time expense in its ground domestic unit. heading into the holidays, executives saying they expect another record peak season. they're planning to high upward of 55,000 seasonal workers, 10% more than 2014. also discussing rate increases including a new surcharge on oversized ground packages that will take effect in november. this is executives say companies are electing to ship these packages rather than handle them in their own stores. if you look at shares of fed ex, they are down as you mentioned about 4.5%. down about 15% so far on the year on that earnings miss, on that lowered guidance. take a look at shares of competitor u.p.s., that's trading lower, down 1% in sympathy as well. >> sympathy, i