. >> news corp. swings the 4th quarter loss but beats estimates as cost guiding in it's news division does pay off. >> you are watching worldwide exchange. a second hour of our show. futures higher across the board in premarket trade. the dow up about 58 points. nasdaq up 55. positive earnings could help the index move higher but the chinese yuan extending it's losses for the third day despite wednesday's intervention by the central bank. we have been keeping an eye on asian markets that did close higher across the board. what does that mean for the global index but right now it's higher by 14 or 15 points on the day. we are slightly higher in today's trade. a big move to the upside. a rebound if you will. the german markets have been impacted by that move taken by the central bank to devalue the currency but some of those names coming back in today's trade. that's helping the german index move higher by 1.5%. the french markets up almost 2%. a 1.7% gain for the italian market and let's just point out

at how news corp.as done versus the other entertainment companies year to date, this is normalized so it is looking at the percentage gains. news corp. is the white. we are seeing the other entertainment companies in the green. news corp. for the year to date is down about 5.5%. but that is 10 percentage points or so less than entertainment companies as a whole. and in talking with some of the analysts at bloomberg intelligence, they point out that the newspaper business in which news corp. is involved has performed a little better than broadcast or cable this year to date. in addition to that, news corporation has been more aggressive, getting into the digital businesses, like move.com. interesting where there is that divergence. pulled sharply last month after earnings from disney and others. comparable sales rising. some of the larger trends have not been good for the department stores where we saw an overall decline. retail sales data showed us that today. overall decline in department store sales,

the best is news corp. want to highlight this because it is such a different situation from when -- what we saw last week with a huge media selloff among so many companies that have reported earnings and reported declining and sales raise concerns about the future of cable television. news corp. is singing a different tune. even though it's ad sales were we, it looks like although its earnings missed estimates, the shares are rising after the company said it is in the final phase of talks to sell and education unit called amplify. it is having its biggest intraday gain since it was split up. in june 2013. take a look at my terminal. you are looking at news corp. versus bloomberg intelligence index of entertainment peers for the year to date. that index is in green. it is down about 14.5% year-to-date. news corp. is down about 4.5%, so it has been an out performer on relative basis. in talking to the bloomberg intelligence analysts, it is in part because newspapers have been doing better than the rest of the

lighter than expected that seems to be in the services business which is the biggest business for news corpme in lighter than expected, as well. although the book division does have the new harper lee novel which is expected to boost that division's results in coming quarters. we'll continue to dig through this release here and let you know if there's anything else worth noting. kelly, back over to you. >> thanks. and before you go, we did get news, as well, this hour that nbc universal, our parent company is taking a stake in vox. there are rumors about this, i guess, for some time. what's the significance of this? >> well, this has been reported to be in the works for a while now. and what's happening here, nbc universal is investing about -- announced $200 million equity investment in vox. vox owns the verge, websites including eater and racked and curbed. and this puts the valuation north of $1 billion. and in addition to the investment, kelly. nbc universal's going to have a strategic partnership with vox involving content, advertising and technology. this allows nbc universal, which i

remember of course i don't need to remind anybody but news corp.older businesses. >> the publishing businesses. >> i'm sorry i'm looking at you when i said, that guy. but i knew you were going to give us a trade. >> it's an expensive stock, close to 30 times forward earnings. the stock has not traded well now since its inception. i say this is a relief rally that you're more inclined to sell into. >> although there's some excitement around the digital side of their business. getting some digital revs. wall street journal revs. this stock's already traded down as guy said from 18 down to 13 1/2. i think you can go neutral to positive here. >> media stocks the entire sector has been hit particularly hard in the latest sell-off that is, except for one name shares of lionsgate up more than 15% on the year. trading just shy of all-time highs but with exposure to china and the shifting media landscape can lionsgate's run continue? michael burns is the chairman and he's with us. welcome. >> thank you for having me again. >> what seems to be the theme in a

and news corp.s have assets in australia and people are scared to death of australia now because of what has gone on in china. angie: that is the thing, the circuit breaker in this global route has not been triggered. who will do it? you are watching us here in asia. how much of today's action in asia is going to influence how wall street opens tomorrow? >> it seems to be in a virtuous ous circle.nvirtu you do lousy in the u.s. and asia gets it and europe gets hit and they seem to be running a negative feedback loop that not all things are the same for everyone. automakers probably sold a lot of cars -- when i was visiting china, we would go to the border across from hong kong and they were brand-new bmws and mercedes lined up like crazy at the border. i didn't see many us-made cars in that line. it looks to us like american investors are getting a haircut. they could go on for a wild but it is probably not an interruption of this secular bull market that virtually no one has loved anyway. see a we

news corp.wung to a net loss. excl excluding items it beat forecasts. including dow jones and the wall street journal. news corp. is in advanced talks with a possible buyer for the education business and plans to start paying a dividend for the first time. rising 5% in after hours trade and it's up in germany today. >> nbc universal is investing $200 million in box media as it tries to ramp up it's digital offerings to appeal to younger viewers who are increasingly cutting the cord on traditional med media. reports say nbc universal is also close to investing $200 million in buzz feed which would value that company at about 15 billion. comcast, the parent of nbc universal and cnbc right now down by around 1.62% in frankfurt. >> shares slumped after the group reported a drop in first half profits on lower power prices. the group says it's doing all it can to keep cash flow in the positive zone. joining us on the phone is the cfo of rwe. a very good morning to you. thank you for joining us. margin

news corp reporting fourth quarter results. ashley webster with the numbers.ley. >> yes i do, melissa. start with earnings per share. the estimate was for five cents. came in at seven cents. have a 2-cent beat there. revenue coming in a little short. revenue was 2.19 billion. came in at 2.14 billion. slightly under on revenue. a slight beat on earnings. news corp, parent company of "the wall street journal." dow jones, market watch and so on. so, a little shy on revenue but beat on eps. as you can see the price after-hours. just down a little bit. slightly down from the closing price of 14.12. guys, back to you. melissa: arcly, thank you so much for that. burn baby bern. bernie sanders surging ahead of hillary clinton according to a new poll by the boston herald. the poll is the first to show sanders ahead of clinton ahead in the granite state. nomi, i understand you attended one of these ramlies are that monstrous for bernie sanders. talking about 27,500 people in los angeles on monday night. i think that is the one you were at. hillary clinton said herself h

ginette and news corp, not to mention "the new york times." is a lot of opportunity for whether there is a con sol day tore. >> where is the amalga may tore? looking at this stock price, maybe rupert is not done. >> i like that. >> we should probably get on the record this move by coca-cola. essentially, naming a company veteran, james quinn circumstance as president and coo essentially creating a new number two position in the chain of command. very interesting. stock is not moving. >> i don't know this man. i want to know more about him. this is a great american company that is far flung. >> where have you been? >> well, i was at the factory if iraq. i was cutting the ribbon of a factory in gaza. this is a man of the world. coca-cola is a company of the world. it might be one of warren buffett's. it owns a big stake in monsterment. >> your point about a global company, dollar, no benefit there. he did hedge the euro in the end, saw it coming. did anyone see it coming? >> at the same time, obviously, they make a product that people, he is try

new orleans district. he was born here, and in charge of cleanup and rebuilding after the storm. >> construction is in progress. >> the army corp has been working non stop to mitigate storm damage...their solution still one year away from completion is the new storm risk reduction system. this new system surrounds 4 new orleans' parishes. it now includes, 133 miles of levees, flood walls, surge barriers and pumping stations. this innovation-the repel system is also one of the new solutions being tested by the corp. it's essentially a giant plug. when there is a breach it can be inflated on shore. then engineers float it towards the breach hoping the pull of the water will wedge the plug tightly enough to slow the leak. >> during katrina the 17th street canal was the site of one of the worst levee breaches todays it's one of the last pieces in the 14.5 billion dollar defense system. now has the design criteria been more strict more stringent this time around? >> yes the system design has really evolved based on the lessons that were learned during hurricane katrina. >> for example---an i-wall design was previously used on flood

news corps earnings, revenue declined from the same period a year early because of decreasing advertise sales. like the new york post and t "wall street journal." shares were higher initially in afterhours trading but during the regular trading stocks were up slightly. ? kraft is reducing costs after the two companies merged. the workers affected are in the u.s. and in canada. ketchup maker among other things has about 46,000 global employees. shares were off more than 1.5% to 76.69. >>> at&t said it expects earnings revenue and free cash flow to rise through the year 2018. the positive guidance comes after the company's purchase of directv. still the stock was off about 2% to 34.02. the online home goods retailer way fair saw the loss narrow in its most recent quarter. advertising helped increase sales but trags-related into higher costs. those better than expected results single shares up 28%. and coming up, connecting cuba. even one of the biggest players in the internet is struggling to get cubans online. >>> here's a look at what to watch for tomorrow. a read on the labor market wi

i'll go only for new corp.o to chuck in california. >> caller: yeah, chuck here in california. what's up with -- tasr. can't make money? >> let's give them, i mean, the stock really ran up. i think it is a terrific long-term situation. i'm going with tasr. let's go to lois in florida. >> caller: boo-yeah. i'm calling because over 10% down on principle on bx blackstone buy, sell or hold. >> i'm not backing away. i like their yield. mark in tennessee. >> caller: hey, jim, good to see you. >> good to see you. >> caller: yeah it's me. i'm not calling about alba b.bam call being wells fargo. >> one of my biggest positions for travel trust. while i'm at it ceo is great northeastern. american. dean in florida. >> caller: hey jim you told us to have fun with our portfolio so i bought i-robot. >> i'd rather see the movie, it's just okay. but if you're playing with fun it's okay, as long as you have the spirit involved i'll bless it. spirit in new york. brenden in new york. brenden. >> caller: my question given the weakn

it is what news corp. did with 21st century fox.ake the part you think there is some growth income in this case digital, and separate it. is maxedable overall out. called the bade company now. it is the mature company. >> it was the place to make money in the 90's but it turns around very quickly. >> and we see that across the board now. the weather channel is an independent network so it doesn't get the leverage of espn or fox news. even those companies are starting to pull back as analysts start to downgrade the entire sector. thinking it may be worth $3.5 billion? >> we will see. i'm not sure the owners will sell if they cannot get around that price. they will probably hold on to it . alix: coming up on the bloomberg market day, big tech earnings coming out ahead of hewlett-packard and sales reporting second-quarter numbers after the valve. -- bell. we will tell you what to watch for. traveling from san francisco to become a0 minutes may reality. the latest happenings with the hyperloop. kazakhstan is the latest emerging market t

it is what news corp. did with 20 century fox. timing being spun off from time warner. time inc.ng spun off from time warner. you've maxed out on your growth. that thateresting might be the bad company now. through the 1990's, cable was the place to make money. turns around quickly. >> the weather channel is an independent network. it does not get the leverage of the espn or whatever disney has to offer or the fox news -- those companies are starting to pull back. betty: do you think it could be worth $3.5 billion? >> we will see. i'm not sure that the owners will sell if they cannot get around that price. betty: thank you so much, alex sherman. david, thank you as well. welcome to bloomberg tv. but more ahead. the battle for the white house is on. dueling town hall meetings between donald trump and jeb bush. we will speak with a friend of both candidates, next. . ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time.

the new ceo chuck robbins also says the company's rebound remains on track good news corp. shares trading higher after the bell yesterday. the media companies adjusted earnings beat the estimates helped by cost caused in its news and information service business that includes dow jones and "the wall street journal." head of the environmental protection agency visiting colorado to see the impact of the massive mining waste bill and epa supervised cleanup crew accidentally on latest 3 million gallons of wastewater from an old mind last week. >> epa's mission is to protect public health and the environment. no agency could you more upset about the incident happening or more dedicated in terms of doing our job in getting this right. we couldn't be more sorry. train to the epa chief also says tests show the river is ours during the south. she plans to visit new mexico address the agency users on in the state later today. the latest victim of deflategate. a courtroom sketch artist has to apologize to new england quarterback tom brady. get ready for some golf. >> it's major champio

and then news corp. also. this is on a percentage basis.f you look in terms of index points, we have the financials in the form of wells fargo and jpmorgan and then exxon mobil is also pulling back. it remains a very broad based selloffs. we will continue our coverage of the stock market selloff. let's take a look at some of the top stories. one of the nation's largest utilities once to capitalize on the demand for natural gas. southern company has agreed to buy agl resources for $8 billion in cash for that represents a 38% premium to agl's closing price on friday. southern is the third-largest utility owner in the united states and agl is a natural gas distributor. the private equity firm sycamore partners has agreed to buy belk. that is the department store change centered in the south. the price, $2.7 billion. belk has almost 300 locations in 16 states. sycamore invests in retail companies and tries to reinvigorate them. olivia: most business economists expect the fed will raise interest rates before the end of the year. only 37% say it

steel and new corps as well. there always is a canary. alternative players to be winners here. first solar and also the two main etfs as well. always new, innovative ways to produce energy from nat-gas and it's cheap right now. companies like dominion and ultra petroleum. the last thing, there is expected to be a lot of litigation. this may not take effect so quickly. back to you. >> joe, coal couldn't get out of its own way before this. what do you do with these names, if anything? >> take them off your screen. that's what you do. you wait for them to default unless you have the ability to play that side of the ledger which is the cds market and bet on them going under. >> do you put nat-gas in a bigger way. you understand how incredibly challenged it is and i think the death knell, so to speak, for whether it's oil, whether it's gold, whether it's copper, it is going to be the u.s. dollar. so far the canadian dollar both commodity currencies down 6%. the u.s. dollar has risen 2%. if it becomes a high yielding currency and rallies signifi

what about new corp. perhaps the best economics of any u.s. based steel company. okay.ake a look at this chart, will you? this is actually pretty good-looking. gapped up very nicely yesterday morning. from 41 to 43 as it should in a big up market plus the stock has an incredibly powerful floor support at the $40 area and wouldn't be surprised at the lowest this week. put in a bottom here and can start going higher. the united states doesn't have monopoly on steel and foreign steel makers don't have to contend with the headwind of the strong dollar. for them it's a tail wind. check this one out. this is pkx. the big south korean steel make thaer trades on the new york stock exchange. the stock is currently $7 below where it bottomed in 2009 but of course that was our crisis and right now the source of the global economy woes is china. still cambridge knows the stock is testing the down trend from early may highs and it's only a matter of time before it breaks out above the down trend line. it's just a giant and the best steel makers in the world, it could be ready. now h

. >> well, we also read about how the owner of news corp, which owns fox, rupert murdoch was againstthat ails was in a different place. are they playing good guy, bad guy with the public here and that they end up with big ratings and advertisers while they act like there is some internal difference while everybody there is laughing at these kind of ratings they are getting? >> early on, rupert murdoch critical with the twitter account and going after trump but on silent on that front there is always a turf battle of roger ails dominates fox news. he has the ratings and revenues to keep rupert at a distance. rupert has sort of quiet thely backed off his opposition of trump. but all of this leaves republican party in turmoil because they handed over branding to the a cable channel. >> on the fox part of this, would they sacrifice their star news anchor in the evening in prime time, megyn kelly? i mean, would they throw her in front of the quote bus as we would say to keep donald trump because of the ratings? i mean, don't they have some obligation to dealing with her? she's their major

media shares we've seen studio lions gate that has a deal with china's hunan-tv and discovery and news corp all have significant international exposure. social shares are also suffering. facebook shares down about 4%, having lost as much as 16% earlier today. they bounced back a bit. now twitter shares are also down, of course. they're down about 4% as well, recovering from a nearly 19% dip earlier today. that company, of course, also suffering from larger concerns about its growth potential. linkedin is now trading off more than 2.5%, recovering from a dip earlier this morning. we'll be monitoring these media and social stocks as investors look for opportunity in these companies. kayla? >> julia, thanks. up next, volatility is an understatement all morning today. on days like this, of course, the european close is usually a big cat a ligs. the market took a cue owe open. it's a moment you can't afford to miss on the other side of this break. tonight at 7:00 eastern time, a cnbc special report "markets in turmoil." we'll have all the information you need to know tonight at 7:00 p.m. as we l

in the coming week investors will be pouring over profit results from kraft, heinz, noble group news corp labor costs on tuesday, retail sales on thursday, and industrial production on friday. investors more than ever are focused on this as a debate over the rate hike continues. commodities will be a focus after the new york traded oil continues to slump on friday, calling for a six straight week down. in new york, i'm su keenan, bloomberg news. not to the stories making headlines around the world. 99 people have died and more have been displaced by the worst flooding decades. june monsoon rains since have affected all but two of the country 14 states. the government admits its response was low, and is appealing for international help. several large rivers converge into the scene. protests have been held at a japanese nuclear plant that is due to be restarted this week. the first to come back online since the fukushima disaster. once final inspections are completed, it will come online wednesday. they were shut down following meltdowns of the fukushima in 2011, caused by the massive earth

that's comcast, news corp. and 21st century fox. the changes take effect after the close on september 18th, coinciding with a quarterly rebalancing. >>> all right, still to come on "worldwide exchange," ebay gets a makeover. we speak to the company's chief curator about the online marketplace's new content strategy. and before we head to the break, we'll just let you know, u.s. futures slightly lower as we kick off trade here on tuesday. g of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. from bank of america to buy a new gym bag. before earning 1% cash back everywhere, every time and 2% back at the grocery store. even before he got 3% back on gas. kenny used his bankamericard cash rewa

here at news corp we have coffee packs where you push one button and make it. on different floors they deliver fresh roasted beans in bins. everyone wants to fresh coffee. nobody wants packet. they are delivering how to deliver fresh roasted beans. it is better product. melissa: you need to write down which floors have the beans. nobody toll us about that obviously. scott what do you think? you like k pack, clear rig, it is getting too hard. what sure a opinion? >> i don't think the coffee taste that good i guess to jack's point. i like starbucks still long term here especially with delivery service coming to a city near you at end of the year. melissa: they're very inventive. think of something new. when you think there are too many starbucks out there and they have one product. >> so crowded. go into starbucks. everybody is there. >> going to be the biggest restaurant in america soon by market value, take over mcdonald's. melissa: thank you so much. great stuff. david: which do have to get the jack hough deal on coffee. my coffee is weak and cold. meanwhile,

season select the first season he's considered the server from the ghetto is excited about his new receiving corpsrs like line backer tend vernon davis newly acquired running back reggie bush. quarterback: cabinet everyone gearing up for the upcoming season new head coach takes the reins and jim harbaugh the michigan cabinet talks about tom scylla. "legal no less an happen moving forward or and try to win." what >> reporter: more come from 49ers camp the next couple days. sports now back to you. >> marty: never porter heading the 49ers training camp say more on that tonight on a newscast at 8:00 p.m. we'll be right ♪♪ to the superhero legends and the rubik's bros. to the sweet talkers the sky walkers, and the dance-off pros. ♪ yeah, yeah, yeah, yeah ♪ find your pack. be yourself. kohl's. ♪ ♪ ee-e-e-oh-mum-oh-weh ♪ ♪ hush my darling... ♪ ♪ don't fear my darling... ♪ ♪ the lion sleeps tonight. ♪ [snoring.] ♪ hush my darling... ♪ [snoring.] ♪ don't fear my darling... ♪ ♪ the lion sleeps tonight. ♪ [snoring.] take the roar out of snore. yet another innovation only at a sleep number store. >> marty: ba

new orleans district. he was charged with rebuilding after the storm. the army corpsn working non-stop to mitigate storm damage. their solution, still one year away from complete is the new storm-risk reduction system. it surrounds four of new orleans parrishes. it now includes 133 miles of levies, flood walls, surge barriers, and pumping stations. this innovation, the repel system is also one of the new solutions being tested by the corps. it's enesen shally a gin gint -- giant plug. during katrina, the 17th street canal was the site of one of the worst levy breaches, today it is one of the last pieces in the $14.5 billion defense system. now have the design criteria been more strict, more stringent this time around? >> yes. the system design has really evolved, based a lot on the lessons that were learned from hurricane katrina. >> reporter: for example, an eye wall design was previously used on flood walls. which was a simple beam driven into the ground. now they provide more support around the base of the walls. the entire system is all designed to reduce the adve

manus: news corp. arnings estimates after being dragged down by lower advertising income. the publisher of "the wall street journal" and "the new york post," which is controlled by rupert murdoch, is trying to boost digital and international revenue to compensate for a falling income as readers increasingly get their news online. francine: next, we speak to zalando managing director rubin ritter. his company beat second-quarter sales estimates. be sure not to miss that interview. ♪ francine: welcome to "the pulse," live from london. europe's largest online fashion retailer by sales zalando has raised its full-year revenue forecast after second. quarter sales beat expectations editoritter managing joins us from berlin. you are raising your sales forecast. there's been a concern you were chasing growth at a risk of putting profitability to one side. do you think this will be addressed? you can actually move on profitability as well. things, first of all, we've already said that now is the time for growth.

sophomore season but for season were his consider the starter from gecko he is excited about his new receiving corps crabtree but not as silver and black in motocross the bay in off-season to the raiders with red and gold and silver and black sign a one-year deal with raiders the crabtree talk about his first season with a new quarterback. >>j.r. stone: the 49 is officially opened camp tomorrow that arrived today everyone gearing up for the upcoming season this year he take the rain has jim harbaugh as a michigan cabinet talk about so of this afternoon speaking of jim the 49 is close talk to the media today for 17 minutes he got a lot of heat earlier when it was named coach because he said basically nothing in several interviews today he mentioned specific on injuries specifics here specifics there i personally do not want to have those conversations we get into the season and get into some sense of time's their right things people want to leave you have asked the question quite frankly there betimes where i am not want to give the answer the players will busy on the field data is were busy off the

news corp. hitting a new historic low dating back to its split back in june 2013. we are seeing people sell their losers and winners. look at netflix. today it went positive for just a little bit. this is a big winner. if it's under selling pressure today, it still has doubled year-to-date. one of the few still showing those kind of gains. >> a day like this, we need that longer-term perspective. jackie deangelis eyeing crude oil sliding again. everyone still trying to figure out how much more pain to come. >> that's the question. today was one of those days where crude wasn't helping the market. the market wasn't helping crude. they were moving lower together. that settle under $40 a barrel was a key level for crude oil. sentiment right now is very negative, especially if we continue to see the global equity markets in turmoil. next stop we are watching is about $32. one trader pointing out, iran calling for an emergency meeting of opec. if you get an event like that, and there's a big if, that could turn things around immediately. you could see crude oil top $5 i

bill speed was looking at american express and buying news corp. they were looking for values.o talked to international people. we're not in a correction anymore in the u.s., but overseas, emerging markets are still really cheap. china. >> maybe they're cheap for a good reason is the fear. >> that's the fear. they're there for a reason, but if you're a long term investor, there are bargains around the world. >> in fairness, i would hope that mutual fund managers were optimistic. that's what they do. they buy stocks. they're all in types of people. but just to push back. there were other people who were scared by what happened. they feel it's a symptom of something shas much bigger that people might lose confidence in central banks. and what's happened this week is that the fed looks to be delaying interest rates. you've got the ecb, the talk there is they will turn dovish again, possibly expending kwe, and you have the chinese going further into the market. the central plankbank's respons to go deeper and deeper. that's symptomic of something that's wrong for people and maybe l

the press corps' job is to make news. that's why donald trump is -- for trump to be -- of all people to put roger ailes in his place, i'm scratching my head. i don't know anyone else on earth who could do that. the democrats don't care. the republicans, it's a big deal. >> you're right, chris. it is a game and part of this is this tension with voters, they say we want authenticity. we want real. we want people who will tell us what they really believe in. they at this pointly don't reward that. they typically end up rewarding the barack obama who stayed on message all the time in 2008. it was all about the war and the economy all the time. >> one of the most remarkably disciplined candidates in recent memory. >> and what happened eventually is people will tire of the same set of lines out of trump that seem so authentic and refreshing in july and august. they will become trite. they will signal not his authenticity but the fact his thinking is a hot mess. this is not a guy who has a policy or philosophy he's running on. >

. >>> finally, happening this hour -- rebekah brooks returning to news corp. as u.s. executive. a surprising move for an executive that was thought to have left the company for good but that stock is up by 1.33%. >>> thank you, kayla. >>> the markets aren't the only ones facing volatility this week. online trading platforms are suffering from glitches as well. just this morning, charles schwab's trading platform had issues and was temporarily unavailable. joining me now, the ceo of td ameritrade. fred, have you seen any td ameritrade problems, glitches, over the course of this week? >> monday morning the open of the market was very volatile and very active. think as an industry we need to think about that open because i think that open -- hopefully we can do better as that as an individual. a lot of participants had issues and we were one of them. >> how do we do better? >> the markets shouldn't be moving around like that, that quickly. when you think about ge, a pretty stable stock, many off 21% very quickly. think we try to do things to sort off put in circuit break

new orleans. wouldn't this provide an opportunity for the commander in chief to acknowledge the army of corps of engineersflooding of new orleans ten years ago. as you know, words make a difference. what do you want president obama to do? >> the last time he was here, actually the first time he was here in 2009, he referred to this as a natural disaster, which is to elude any sense of the culpability of the federal government in the near destruction of this city. lawsuits have failed against the corps of engineers because congress provided it with blanket immunity. the only thing we can have now is an acknowledgment by the commander of that agent that they screwed up badly. >> but he wasn't president then. >> i'm not saying he was. but he's head of the agency. if he calls it a natural disaster and avoids saying the words, this city was nearly destroyed by the army corps of engineers i'll be disappointed. >> where does this stand ten years later? >> well, according to bob marshal, a very respected environmental reporter here, the system that has been built has been built to a lower stand than the system th

> number two, media stocks leading the move lower with viacom, 21st century fox, time warner and news corpet today. . >>> three, oil slipping again with west texas intermediate down more than 1%. if you missed any of those big stories in the last hour go to our site powerlunch.cnbc.com. >>> simon, let's talk about the yahoo! finance question of the day. oil prices continue to fall on supply. low prices the new normal for oil, 36% say yes, 36% say no. 28% say "i hope so." there you go. >>> apple premiered its music streaming service one month ago. if you look at a chart of apple, it's been a rocky month for the tech giant until today. up just a little bit, three cents to be exact. we'll bring you all the best nose r news and the worse o'news on all things apple straight ahead on "power lunch." 40% of the streetlights in detroit, at one point, did not work. you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unl

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and black the first is a were his consider the starter from the get go is excited about his new receiving corpsoved across the bay in the off-season and the raiders from the red and go to the silver and black he signed a one-year deal with the raiders and here is crabtree on the first season with a new quarterback they certainly not the only team visit today 49 is officially opened camp tomorrow players arrive today and a cabinet talks about him this afternoon speaking of jim tom sewell of the 49 as head coach talk to the media today for 17 minutes. >>j.r. stone: he said nothing in several interviews today he met some specifics about injuries and more he was asked why he was so transparent also this is what he had to send will figure out what that term is a will let you know you have to give him proper for trying players will visit on the field they're busy off the field seattle seahawks quarterback russell wilson has signed a new for your contract extension with the seattle seahawks worth $87 million these tentacles when $1.9 million a year and 60 million guaranteed right under 49 as quarterba

news. >> the army corps of engineers holds a public hearing tonight in new london connecticut. two more hearings are yet to be announced. >>> she was hoping it would become a family heirloom. but thieves had other plans for a new bride's wedding dress. how it vanished from her hotel. >> 10 years later how has new orleans recovered? the president takes a look. >> i never really thought i would be in this position. >> there is no stopping serena. how the ten this is superstar is -- tennis superstar is on the verge of a record at this year's u.s. open. vo: today's the day. more and more people with type 2 diabetes are learning about long-acting levemir . as my diabetes changed, it got harder to control my blood sugar. today, i'm asking about levemir . vo: levemir is an injectable insulin that can give you blood sugar control for up to 24 hours. and levemir helps lower your a1c. levemir lasts 42 days without refrigeration. that's 50% longer than lantus , which lasts 28 days. levemir comes in flextouch , the latest in insulin pen technology from novo nordisk. levemir is a long-actin

plus we should check out shares of news corp. posting better than expected quarterly earnings.ost cuts that includes dow jones and the wall street journal. the company also announcing it is revealing strategic options for amply identify. that's the digital education brand. that stock is up by 4.8%. >> other media news going on, nbc universal investing $200 million in vox media. it owns tech blog recode and espy nation. it hopes to build a partnership that involves collaborating on editorial content and advertising technology. a yununit of nbc. nbc a unit of comcast. we should also tell you there is speculation around an additional investment in buzz feed that would value that company around $4.5 billion. we'll talk about that in the next hour. but the other big buzz stories, u.s. authorities launching an investigation into the former chairman of dean foods. tom davis is now suspected of leaking confidential information about a corporate spin off to professional gambler billy walters who is believed to have tipped off phil mickelson. just a week ago he abruptly re-signed as chai

joe says the fox news corp.nd her advertisers won the substance of the debate itself was a train wreck. but made for great tv. close second place was clinton 2016. shelley wrote the dnc debate has yet to begin. he said ben carson is a throwback to the time our country was run by everyday men and not politicians. america is respectable. and has as in america success story we all love. we have a caller from fort myers. it has been going for two hours now. republican, go ahead. caller: i wanted to mention this to you. during that time the guy was clicking his pen the whole time. i thought maybe it was me being crazy. but another person mentioned it. , you clearyou are on your throat repeatedly. could you take something like a sinus allergy, or using nasal spray? you are on television. it aggravates me. it might aggravate others. as far as the debate went, it was wonderful to watch. host: thank you. suzy, independent color. caller: i did not notice your sinus problem. host: what do you have to say about the debate?

. >> reporter: the standards at his new job remind him of his time in the marine corps and a new foundation for the mission. aaron gilchrist, news 4. >>> this weekend, we will dig into the lives of veterans and the people in the area dedicated to helping them. from a wife hearing her husband's stories for the first time. join chris lawrence at 10:00 for saluting our veterans on nbc 4. if you can't catch it then, it will be on comcast on demand. >>> the "today" show is coming up next on nbc 4. >> erica hill and craig melvin join us live from new york. good morning. >> good morning to you. just ahead here on a saturday morning on "today," a lot of politics for you, live at the iowa state fair where hillary clinton and donald trump will be live. speculation is heating up once again. a possibility of a bid from vice president joe biden. >>> a sex scandal rocking michigan. two lawmakers having an affair are refusing to step down. the way one of them tried to cover it up is the most bizarre part of this story. we'll look at that. >>> a remarkable story of survival. we'll introduce you to this man

the corps had proposed building gated structures. >> this is not new. it was new to people who arrived in new orleans the day before katrina say the levee failed. levees can always fail. my name is russell monterey, in 2005 i was a lieutenant general in the united states army. mission was simple, save lives, evacuate people, provide food, water and medicine to people. >> the ones who were in disbelief what are they going to do? they didn't make preparations. i brought my employees home, got my few things, jewelry, important papers, medication, five days of clothing. >> it becomes very routine. you're packing the same things over and over again, going through the same checklist as what to secure, what to bring with you. my name is drew ryan, born and raised in new orleans, louisiana. and it's back to reality after that. just come back home, everything's there. >> it's costly to evacuate. it's time consuming because of the traffic. i'm jamie miller. we did flood during katrina. so a lot of people say we'll just ride this one out. when i put the television

the corps had proposed building gated structures. >> this is not new. it was new to people who arrived in new orleans the day before katrina say the levee failed. levees can always fail. my name is russell monterey, in 2005 i was a lieutenant general in the united states army. mission was simple, save lives, evacuate people, provide food, water and medicine to people. >> the ones who were in disbelief what are they going to do? they didn't make preparations. i brought my employees home, got my few things, jewelry, important papers, medication, five days of clothing. >> it becomes very routine. you're packing the same things over and over again, going through the same checklist as what to secure, what to bring with you. my name is drew ryan, born and raised in new orleans, louisiana. and it's back to reality after that. just come back home, everything's there. >> it's costly to evacuate. it's time consuming because of the traffic. i'm jamie miller. we did flood during katrina. so a lot of people say we'll just ride this one out. when i put the television