morgan brennan live in dallas at the great american trucking show with the preview. morgan. >> reporter: hey, michelle. that's right. so we've got new technologies coming in to big rigs like this one all the way down to the engines. this is an x-15 from cummins. we're going to go inside the truck of the future when "power lunch" returns. ay azing is movg li one. real is an al rescue.is closos amg otwenty-seven thousand othem there's only onece whe re and azingive.

morgan brennan reports tonight from dallas. >> almost 30,000 people in dallas for one of the biggest trucking conventions of the year. n 2015, u.s. truckers hauled frei representing $700 billion in revenue. but what a difference a year makes. in 2016, so far, it's tumbled thanks to high inventory levels and weak economic dprout. expanded their fleet, meaning there are too many fewer miles.o they're going to get paid less thr those miles and their ex still up. so lower margin, lower profitability, lower earnings. >> but there are bright spot. e commerce continues to surge >> it's our fastest growing segment of our total business. doing aboullrevenue. about 30% all relate td to e commerce. that number is going up about 50% a year. zpl as amazon and others ship more product, newer player rs entering the package delivery . take trance force. rapidly expanding its u.s. presence. >> we have one customer, just 18 months ago, we were basically doing nothing with those guys and today, it's if we look at th this same customer, we will probably do more than 35,000 deliveries. >> and consumers i

nor "nightly business report," i'm morgan brennan. >>> still ahead as the price of life saving epipens skyrocket, many want to know why there is >>> two auto parts suppliers are teaming up to develop a system for self-driving vehicles. they say their systems will be available to automakers in 2019. a year or so before most others. localized supplies systems that delphi provides automotive testimonies. >>> a new report bringing troubling news about how deadly amds have become. fatalities are up almost 10% h highways in a decade. to blame, booming econom cheap gas, young drivers refusing to put down their phones. >> american roads are becoming more dangerous. in fact, the national safety council says traffic fatalities in the u.s. for the first half of the year spiked 9%. and they're up almost 20% compared to two years ago. >> we cannot keep accessing these highway fatalities. it would be the equivalent of a major plane crash occurring every week. actually, two occurring every week. and our hair would be on fire. we wouldn't accept that. why do we accept it on highways? >> what's going o

morgan brennan has our report. >> it's now being called the great flood of 2016. to referenceal rains caused flooding in pa many areas were submerged with at least 13 people dead and tens of thousands more displaced. only some of them had flood insurance. >> there were 25,500 claims filed so far. they expect that number to rise, though we don't expect the number of claims in this case to be as historic as they were after sandy or katrina, which were in the 40 and 50,000 rain claim numbers. >> yet more than 100,000 people have filed for assist card to the fema. fema says it would cap grants at $33,000. while more than 40% of homes have flood insurance, making it the third largest mark in the usa, many affected homes were not in high-risk zone there are not required to have the supplemental cover 50% in the harders hit parishes actually had it. >> if you have a federally backed mortgage and you're in what they call the 100-year flood zone or you're in a floodplain that you're required to buy the flood insurance. what people don't realize is just because you're not r

for "nightly business r i'm morgan brennan. >>> profit rises at sotheby's.uction house said cost cuts and higher commission margins lifted earnings. lower sales dragged down revenue but results were good enough to top estimates. shares rose to 36.49. bilgest one day gain there in more than four years. milk prices helped drive profits higher at dean foods. those results came in on the skim side, a little light, missing estimates. revenue for the quarter fell because of a drop in volume. shares down 3.5% to $18.16. strong product demand and lower prices for animal feed helped tyson foods top profit expectations. revenue fell but it was good enough for street targets. they raised the full year earnings guidance. up 74.07 at the close. robust sales of the drug botox drove revenue higher but the results misd street expectations. the biotech company saw the loss widened but managed to top earnings estimates. they cut the forecast for the year saying it doesn't plan to enter into merger talks. sales down for the day at 248.31. news corps had an up tick thanks to st

for "nightly business report," i'm morgan brennan. >> still ahead, cashing out. why mutual fund investors are nervous about this market, even with stocks at record >>> a lot of talk out there these days about the so-called millenials. sure, now the largest demographic group and only by a little and not the richest. the baby boomers are. that's why more and more entrepreneurs are targeting the boomers. aditi roy reports. >> have your clients hands on the shoulders. grab underneath the belt and you're going to count and say ready, gary, we're going to stand up together, okay. >> reporter: these individuals work for honor, a company that connects seniors with caregivers who help elders live independently. one thing we didn't talk about earlier is that you want to make sure that the belt buckle is in front. you don't want to have that in the back or the side. you want to make sure that the buckle is in the front. >> reporter: caregivers go through extensive training to become part of honor's demand service which users tap into through its app. it's just one example o

for "nightly business report," i' morgan brennan. >> not as many people want to . and that's where we begin tonight's market focus. norwegian cruise line is cutting earnings guidance for this year and neo falling demand from north american customers and a weaker british pound. lst quarter, the company managed to beat on earn, but revenue came in light. as a result, s nearly valiant pharmaceuticals reported a loss and drop in revenue in the most recent quarter, but investors welcomga business. in addition, valiant reaffirmed its full year outlook and said it will trim more than $5 billion from its debt over the next year and a half. shares were up 25% 28.16. tribune said its loss widened as steep income tax charges tied to the sale of the newspaper hurt its rurlt, but even so, earnings were good enti e company did however miss targets despite an inc shares fell to 37.22. >>> monster worldwide is going to be bought by hans t holding for $429 million. under the , monster will delist from the new york stock exchan, but remain an d a loss of a decline of revenue in its

meanwhile, verizon shares fell, but as morgan brennan explains, there's a strategic reason why verizon made >> verizon buying spree continues. the top u.s. wireless carrier buying fleet us, the company provides fleet management services, developing software that shows vehicle locations, fuel usage, mileage and driver hours. news of the deal comes on the heels of verizon's purchase ott for an undisclosed sum last friday. analysts say it's part of a plan to expand beyond smart phones. a market that's maturing amid fierce kompb tigs between carriers. >> verizon's primary interest is so their position in the internet of things arena. right now, verizon is in a transition phase and it's looking for new opportunities to grow its overall revenue pod as some of these new opportunities emerge. >> and theinternet of things does provide an opportunity. the division grew 25% last quarter to $205 million. a modest sum compared to 30 g segments.rall, but fleet will provide nor services catering to small business, enterprise and long haul trucking, but this is only the latest in a buying spree that's

morgan brennan is getting the answers in dallas. what did you find out, morgan?porter: oh, i found out a lot. so take a look at this chart. amazon and e-commerce is the biggest opportunity in transportation. this is over the past 15 years. this is the combined ground volumes of u.p.s. and fed-ex, thanks to the partners and other players benefiting, as well. trucks. so take transforce. a top publicly traded company in canada. it's growing the stateside business, especially in last mile delivery and unlike traditional carriers outsources to independent contractors. ceo bedard expects sales in the package delivery segment to grow from 30% right now to 50% over the next 12 to 18 months. >> we have one customer that just 18 months ago, i mean, we were basically doing nothing with those guys. today, if we look at the statistic of what we have been doing today from this same customer, we will probably do more than 35,000 deliveries today for this customer. so it's been growing very fast. >> reporter: 35,000 deliveries today from zero. you can probably guess who that e-t

morgan brennan live in dallas at the great american trucking show with the preview. . >> reporter: hey, michelle. that's right. so we've got new technologies coming in to big rigs like this one all the way down to the engines. this is an x-15 from cummins. we're going to go inside the truck of the future when "power lunch" returns. ay azing is movg li one. real is an al rescue.is closos amg otwenty-seven thousand othem there's only onece whe re and azingive. book aworld vaon pacge and t thineds.loomomat en youk e fresingredients, stepy-st re u ke idie ver door f less tn $9 aeal. >>> welcome back to "power lunch." i'm michelle caruso-cabrera. the great american trucking show underway in dallas, texas. and according to the executives, the suppliers, the hundreds of truckers who are attending the conference, the future of trucking is here. morgan brennan is live at that conference with more on all the cool technology that's going on in the trucking sector. morgan. >> reporter: hey, michelle. and there's some cool technology. i'm going to run you through some of it. let's

bob pisani, sara eisen, and morgan brennan. bob? >> the earnings picture is slowly getting better. the bad news, it's not happening very fast and it's a little choppy. let's look at the scorecard that we have so far. 81% of the s&p 500 reporting so far, today, earnings for the second quarter down 2.8%. that's still not good. but it's better than it was on fourth of july when it was down 4.5%. this has been bouncing around a little all throughout the week. the main thing here is the narrative. we were supposed to bottom in the first quarter. and slowly have some kind of improvement in the second quarter. then in the third quarter, supposed to start turning the corner into positive earnings growth. it's soo0% on q3. so far, that narrative is holding but it can go either way in the next few weeks. we want to hear a little bit more next week and get it from the retailers and see what they're doing. the life insurance companies have been reporting. what a mess. metlife down 9%. prudential is down five. they all reported down 4%. i'll make it simple. the low interest rate scenario is kil

morgan brennan joins us now and has more on that subject. morgan? >> hey, david.ff from late 2014 into the first months of this year, the dow transports are finally moving higher, outperforming both the s&p and the dow so far this quarter. you can see that right here. this is important because transports have long been seen as a barometer of economic health. now we know the data has been mixed with a blockbuster jobs report last friday on the heels of disappointing second quarter gdp estimates but what are the transports signalling? start with trucks. trucking is a lead economic indicator, 70% of u.s. goods move at some point through this mode of transportation. the american trucking association reportonnage has tu but a slight uptick in demand the case in june and july helped names like night transportation, swift transportation, old dominion freight line, xpo and a small but closely watched trucking company called covenant transportation, all of those are up by double digit percentages since the start of july. another group to watch, railroads after being batter

morgan brennan, how do they look?ading through the results, for example, waiting on the revenue number to be published on the website and earnings per share number, 98 cents adjusted, a beat by 5 cents versus 95 they were expected. a few other key metrics here. to note, that -- actually a big thing to note is aig has said to pledge up to $25 million of stock buy backs and dividends through next year and the last quarter returned $3.2 billion to shareholders. also, noting that aig, the company, has authorized repurchase up to $3 billion worth of stock in the company. the one other item that i would note here is return on equity was 8.6%, that's up from 6.8% a year ago and that normalized roe improved to 8.8% so as i mentioned still waiting on the revenue number and a beat on eps a fen you take a look at aig stock up 2.5% after hours. >> all right. yep. there it is. thank you. be sure to tune in "squawk on the street" for peter hancock, talking about those results, presumably, the revenue by that time at 9:40. how do yo

to morgan brennan we go for story number two, that would be a-rod's last game. a-rod not the beloved character that derek jeter was or mariano rivera, but immortal player nonetheless. >> most definitely. alex rodriguez earned more than any other player in mlb history $460 million, but was he worth it? cnbc's big crunch data team looked at a-rod's value to the new york yankees based on statistic call he more than delivered for the first five seasons but over the last eight that trend reversed. bottom line they could have gotten similar performance from a different player for an estimated $9.4 million less. but a-rod draws attention, which helps get fans into seats and watch games on the team-owned tv network. and speaking of tickets, immediately following sunday's retirement announcement the average ticket price for tonight's home game jumped 500% to $457. but that's steadily dropped to as you can see here about $149 today. by comparison the average ticket price for fellow yankee derek jeter's final home game almost $770. tyler. >> all right. morgan, thank you. t

morgan brennan joins us next with that story. wait: here your ck. oh! you--you got it.now, sinci got rid of myar, i real joy walking ok got it? no, i'm od. anuncer:etting pulled over for buzzed driving could cost youaround $10,000 oh, you're me eay. u live th yo mom? anunc: thl set your game k few year. buzzed, bustand oke because buzzed ivg ruk driving. new biaren't sellings... what ? how about p♪ moreinto promotio? at if we hire more saleseps? ♪ at if we nah. what else?at iwe e the whe supp chain? so people can customize thr bike before th buy it. thorked better thanxpted. i'llial it back. yeah,justittle.k. li busines powed by p. when yunive, you rumple. >>> the price goes from 50 bucks ten years ago to $500 or $600 a year and you're making $18 million a year. >> i understand better than anyone that facts are inconvenient to headlines. >> is mylan a greedy company? you've been labeled greedy. >> the leaders, the senator, i've called all of them. i want to have a face to face -- >> when's the meeting? >> they haven't set it. >>> ecommerce giant amazon is transforming a

morgan brennan has the potential economics of this flood. morgan? >> hey, kelly.n just over a week since entire neighborhoods were submerged in the baton rouge and lafayette areas. historic flooding labeled the worst since 2012 superstorm sandy. tens of thousands are displaced. some areas still underwater and it will take weeks to fully assess the impact. roughly 60,700 homes sustained damage. 106,000 people filed for federal assistance and more than 25,000 have filed for flood insurance claims. many properties were not in high-risk zones and therefore flood insurance wasn't required and fema underwriting 95% of the flood insurance market, less than 15% residents in the areas actually had that kind of coverage. so fema announcing today it's extending the grace period to renew insurance policies in the 20 parishes that experienced this flooding, even so, there will be many folks with no coverage, still. the cap for a fema grant is $33,000. the average payout, however, we have seen it with other natural disasters, likely much lower than that. payouts of superstorm s

morgan brennan joining us with more on that. >> reporter: 3% increase in the past month for the transportsyou take a look at, this up 5% so for this quarter, meaning that dow transports are outperforming both the s&p and the dow industrial since july. that's a big difference from earlier this year when the transportation average was trading down almost 30% from its november high. so your we seeing this reversional now? commodity prices are beginning to pick back up, we've got recession fears receding. take the rails. union pacific, csx, norfolk certain, all of those have rallied as rail traffic is starting to slowly pick up. you can get a feel for that from these numbers. similar story for the truckers, hit by high inventories, too many capacity, and sluggish economic growth. now as truck tonnage has started to move more goods, assist, knight, old dominion, those prices have jumped this quarter. crude oil shipping, tanker fleets had a record 2015 as they were used to store and move excess oil but according to poet innocent partners, as demands for markets like china, a slew of new ships ha

for more, we welcome mama morgan brennan on the first day back from the maternity leave and got to work. welcome become. >> thank you. peanut butter on burgers sounds like pregnancy food. just saying. the top u.s. wireless carrier is acquiring fleetmatics $2.4 million in cash. taking a look at sharyls, those are up almost 40% today and provides fleet management services. developing software that shows vehicle locations, fuel usage, mileage, driver hours and right on the heels of verizon's purchase of another fleet management company last friday and both part of a larger, longer term strategy for verizon to expand beyond smartphones and a market that's saturated and further into telematics and the internet of things. grew to $205 million and still small compared to over $30 billion in revenue overall for the quarter and one of the fastest growing segments. fleetmatics with more services of small business and enterprise and long haul trucking an this is only the latest in a buying spree that's over the past 18 months and included aol of $4.4 billion and just recently yahoo of $4.8 billion

nasa's $10 billion space launch system and led by boeing and could go to mars and morgan brennan at kennedyr to talk about the mission to mars and who gets humans there first? nasa or spacex? back to you. >> it is pretty impressive how much of a real business, you know, these people are willing to make of it on what's -- i don't know. it is like you'd have to invest so much just to try to get anything up and running and not working the first time, you're out millions and millions of dollars. >> reporter: that's why it takes billionaires to do it with vision and determination who think that they are, you know, the next -- this is the new aviation. this is the next era in something and want to be whatever it is, the person who's going to make their fortune here and what's interesting is the -- it's been 12 years since the x-prize and seemed to be the beginning of it. virgin galactic supposed to be up by 2009 and so many setbacks and last year we've really, really started to see the momentum. we'll see the next howard hughes. >> don't be a stranger, jane. >> reporter: i won't! >> all right. be

morgan brennan joins us now with more on the toll of what's happening there. >> yeah, it's still earlylooking at really steep losses. this is now being called the great flood of 2016 after historic flooding submerged neighborhoods in the baton rouge and lafayette areas just over a week ago. at least 13 deaths with tens of thousands more displaced. the relief effort alone according to the red cross will likely top $30 million in what's already being called the worst natural disaster since superstorm sandy in 2012. some areas still under water. there are even report servicing that alligators have infested some of the flood sites, so it will take weeks at least to fully assess the impact here. still already a preliminary report suggesting economic damage could exceed $1.5 billion. and so far we know roughly 60,700 homes sustained some form of damage from this. fema says 106,000 people have filed for federal assistance. but in terms of flood insurance, which is almost entirely underwritten by fema, only about 25,500 claims have been filed. that's because many homes were not in high risk zo

morgan brennan is covering that story. >> me slis sa, dark day for solar stocks as you mentioned sunpower. the solar power manufacturer stunning the street with a bleak outlook warning it will now report losses for 2016 and 2017. the company citing challenging conditions in its power plant business, aggressive pricing from new competitors especially chinese, and a slowdown in urgency from u.s. customers to complete installations thanks to the extension of a federal tax credits that rather ironically had sent solar shares -- solar stocks rebounding earlier this year. so sunpower's also cutting 1,200 jobs. that's 15% of its workforce. and ceo tom warner is slashing his salary to $1 for the rest of 2016. needless to say a flurry of analyst downgrades and actually some very strong words from analysts. all of this pressuring other solar stocks as well including firstsolar which shares yield with sunpower, solaredge also reported disappointing results after the bell. canadian solar and the relative outperformer i say relative because that stock is also down today is solarcity which reported its

. >>> i'm morgan brennan. welcome back to stock on the street.s of time inc up 6% in trading and its quarterly filings. a new $5 million stake in the magazine publisher. today is the day for those forms to be due and we'll be watching the filings throughout the day. carl, back to you. >> morgan, thank you so much for that. baron's cover story over the weekend, which candidate would be best for u.s. stocks. their answer is hillary clinton. clinton is campaigning in pennsylvania with vice president joe biden today. meantime trump is speaking in ohio. let's bring in ed rogers the chairman, and former white house aide keith, joins us here at post nine. good morning to you both. >> good morning. >> i'm not going to ask you to weigh in on the stock implications, but keith, the journal today, and their op-ed, basically says given until labor day, trump, to change his act and if to the, have pence take over the nomination, is that possible or doable? >> never heard this before. i don't think it's possible do something like that. i read the journal piece

hurricane sandy. 60,000 homes have sustained damage, costs in the hundreds of millions of dollars and morgan brennan us with more. hey, morgan, good morning. >> hey, good morning. it's now called the great flood of 2016 after many neighborhoods in the baton rouge and lafayette areas were submerged and at least 13 people perished over the last week. huge, devastating losses for those affected in louisiana. we're still weeks worth of damage in need of being assessed. as cleanup does get under way this is becoming clear financial toll is steep here. red cross labeled this worst natural disaster since 2012 superstorm sandy relief topping $20 million. report from top processor of flood insurance claims suggesting this could easily exceed $1.5 billion. at least 60,000 homes damaged. 100 to 2,000 people filed for fema assistance as of sunday. in terms of flood insurance itself federal government has 95% market share only 20,000 claims thus far been filed. that's because minnal percentage had flood insurance. according to most recent fema statistics. a lot of questions about fate of flood plane maps, future

morgan brennan is here to break down verizon's spending spree.ing less like telecom and something very different. >> they are expanding beyond the wireless carrier concept everybody's come to love and know, or maybe not so much love but know. really got the cash keep coming here. the top u.s. wireless carrier buying fleetmatics for $50 a share. look at shares of fltx up nearly 40% today. the dublin based company provides fleet management services, so developing software that shows vehicle locations, fuel usage, mileage, driver hours, et cetera. this is right on the heels of verizon's purchase of another fleet management firm, for an undisclosed sum that closed last friday. so what makes trucking software so sexy? this is part of a larger long-term plan for verizon to keep expanding its internet of things businesses, which grew 25% last quarter to $205 million. and that's still a modest sum for the telecom giant, but this is one of its fastest growing segments. to fleetmatics will provide small service carrier and of course long haul trucking. thi

morgan brennan joins us now with more.s pretty good darn good american. >> so do you all. >> we all do. >> is that an accomplishment? >> yes. >> okay. i'm american. all right. this is one issue that both presidential candidates agree pob. this is trans parveg partnership. both donald trump and hillary clinton, despite helping negotiate it oppose tpp. the massive trade agreement which still needs to clear congress has become a lightning rod owned trade and globalization has eroded jobs and manufacturing in general. one company is urging lawmakers to pass this, ups, the 12 country pact would reduce 18,000 taxes and tariffs and establish needed guidelines for cross-border ecommerce and quote, unquote, digital trade. open borders means more business for companies shipping more goods across them. ups argues historically with past trade agreements that has boosted u.s. exports within its shipping network and led to stateside hires. last quarter international segment grew fastest. operating profit up 11% in that division. sixth s

morgan brennan here with perhaps some of the answers. >> yeah. two things to that. first is, that's the question. it isn't weather the usps is going to report a loss. it's how big that loss is going to be. and how much that will be tied to the business of delivering the mail. the usps does not actually take taxpayer dollars. expect another quarterly loss. but much of that will stem from a congressional referendum. if you exclude that controllable income grew 84% in the second quarter on higher package volumes. and new initiatives including grocery delivery. is the profit still rising for controllable income? is the usps taking more market share from u.p.s. and fedex? and are costs continuing to rise for the postal service? lastly watch for blowback from the expiration of a surcharge on things like stamps. that should also add to the losses. the postal service which doesn't get taxpayer dollars, this is a larger story. this is an attempted turnover story. so far that strategy is in the right direction. that's up from $3.3 billion in 2011. as i mentioned, a lot of tha

morgan brennan joining us with a look at what changed in the transports. >> hey, brian. to talk about runaway train stocks, csx, kansas city, unpacific, norfolk southern. each of them is up 25% or more over the past six months. the canadian railroads have also chugged higher even with pershing square exiting 10 million share stake last week. we're seeing from rebound despite another season of weak earnings and tepid outlooks of ceos of these companies. what gives? investors anticipating a turnaround or at least stabilization in rail volumes after more than a year of declines upon declines. if you look at u.s. rail traffic that may be possibly starting to happen. rail traffic while down about % through the first seven months of this year according to the association of american railroads has, as you can see here, ever so slightly started to inch back up sequentially, though, got to note still very weak. more interesting, some of the hardest hit commodity groups that are showing the most promise here. grain, thanks to expectations of a record harvest, we've also got coal,