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this week, these office depot brand notebooks just one cent. office depot officemax.ear up for school. gear up for great. >>> it's just before 1:00 p.m. on november 28, 1979. air new zealand flight 901 is about to give passengers like frank christmas, seen here on board the powerful dc-10, an upclose view of one of the most remote and foreboding places on earth, antarctica. >> ladies and gentlemen, the aircraft is just over 10,000 feet. >> dave was excited to think that he was the commentary on board that would them all about it. >> but today the earth isn't cooperating. majestic 12,000 foot mount airbus is shrouded in clouds. collins asked air traffic control if it's possible to make his descent. >> they got destructions at jim's request to circle lower and be able to show their passengers something of the area. >> 237 passengers are straining to get a glimpse of land marks, like the station they should be seeing any minute. when suddenly the warning system blares out in the cockpit. [siren sound] the flight engineer starts to read off their altitude. 500 feet. 400 f

this week, these office depot brand notebooks just one cent. office depot officemax. gear up for school. gear up for great. is. >>> our next guest was a major player at microsoft, a top exec for two decades, leading the launch of the original xbox console. robby bach, is microsoft's former chief xbox officer. got your book, been flipping through it. a game plan for corporate and civic renewal. it reads like one of those books that somebody writes because they're going 0 run for a big office. are you running for governor, senator, president? >> i have no intention of running for office. my deal is -- about civic engineering and trying to help people and giving people tools to improve our communities. and so it sounds a little bit political in its genesis, but in fact, i think the best way for me to help is to help others, have impact. >> you're still in touch with steve bolmer and your days at microsoft. satya nadelia doing the right things? moving away from some of the consumer plays like xbox. although he says he still loves it. he's going in the no fun productivity

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this week, these office depot brand notebooks just one cent. office depot officemax. for school. gear up for great. sal: where are we at with this job? fabio: it'll be done today. lemonis: artistic stitch was once a very successful custom-embroidery and silk-screening business in queens, new york. at one point, they were bringing in around $2 million of revenue and making a profit for sal loretta and his partner nick. then, they had a big idea. [ baseball bat cracks ] first, they moved into this new building -- a 28,000-square-foot warehouse. and then, they began to create new businesses -- a sports complex for kids, an italian restaurant. sal: it's a multiplex of businesses that really work together. lemonis: that's what's called a mall. it was a huge idea, just not a good one. sal and nick got away from the business they actually understood. and with the bigger rent... so you actually owe him $120,000? ...their future looked bleak. sal was the idea guy, and nick was in charge of sales. nick: the biggest tool we use is yellowpages.com. lemonis: that was a job that di

office depot officemax. gear up for school. gear up for great.>> welcome back to "first look." we have isolated severe storms even at this hour of the morning. one of those is about to go through downtown baltimore area. could see winds gusting 50 to 60 miles per hour at worst case that could down trees and power outanges outages. stay in your house as this blows through. there's lightning with that too in the north side of baltimore area. we're not going to see a ton of severe weather, be but will see isolated strong storms. further north around philadelphia, we have one to two storms we're worried about. that's going to blow on through. then things slowly improve throughout the rest of the day. we have isolated strong storms that we'll be watching throughout the afternoon hours too. that will be mostly boston new york city southward down toward areas around new york city. here's a different look at the storm that went through new york city earlier and now looking better. 37 million people at risk late this afternoon. it will be isolated. not ev

office depot officemax. gear up for school.ear up for great. >>> welcome back. just to remind you of the headlines, u.s. markets on course for a rebound. futures pointing hard, the dow closed at its lowest level since february. >>> shots fired outside the u.s. consulate in istanbul. this is just hours after the bombing of seven people. >>> and flying mess. tech shares within one dollar of the tech ipo price. u.s. foreign payroll data for july disappointed on friday with a total of 215,000 jobs being added. falling short of the 223,000 expected by analysts. the u.s. dollar finished the dollar up. against the euro market still saw enough strength in the data to support the case for a september rate hike. stills with from new york is the head of en global strategies, global markets. daniel, let's talk about some of the your top trades. i notice that you're particularly bearish on the mexico peso. tell us why that is? >> well, the main story is the central bank divergence. again the mexican bank is trying to hide behind the fed and

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office depot officemax.ear up for school. gear up for great. >>> welcome back to "squawk alley." the dow trading up 213 points. industrials are helping lead the way there. boeing, caterpillar up as is apple. at one point all 30 dow components in the red this morning. s&p up by 1%. nasdaq up by nearly 1% as well. spot gold at session highs and some moves in oil on the back of headlines out of greece and stimulus in china. berkshire hathaway plans to buy precision castparts in an all cash deal worth about $37 billion. down by three-quarters of a percent. buffett is paying a pretty penny and a rich multiple for that company. warren buffett did join squawk box talking about what this deal means for his company going forward. in terms of a deal of similar size what we will probably do on this one is we'll probably borrow about $10 billion and use about $23 billion of our cash on that order. we'll be left with over $40 billion probably of cash when we get all through. >> wide-ranging interview on "squawk." good to

this week, these office depot brand notebooks just one cent. office depot officemax.r up for school. gear up for great. bill's got a very tough 13lie here...... looks like we have some sort of 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... >>> indiana's pendleton juvenile correctional facility is the end of the line in the juvenile system for kids who have committed serious offenses. >> stop. >> [ bleep ]! [ bleep ]! >> told you to stop, didn't it? >> don't fight, don't fight. >> relax! >> relax! >> i told you [ bleep ] [ bleep ]! >> extreme anger issues haunt most juvenile offenders who end up at this security facility. >> we're going to pick you up. we need you on your feet. you going to walk or are we going to ca

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this week, these office depot brand notebooks just one cent. office depot officemax. school. gear up for great. >>> i'm page hopkins with the hour's top stories. rescue officials now say a search plane has spotted the wreckage of an indonesian passenger plane that went missing with 54 people aboard. no word if there were survivors. the area of the crash is remote and it'll take time to reach the wreckage. >>> firefighters in los angeles are battling two big wildfires. one in northern los angeles county burned at least six structures while another threatened an oil field. now back to our msnbc special. >>> when any structural element of an airplane fails, the result can be fatal. a 747 has a cargo door blown out in midflight. the decompression is so powerful, it sucks two rows of seats and nine passengers out of the plane in a split second. >> this was taken from row 17 aisle seat. >> this video shot by attorney bruce lambert two weeks after the fatal accident documents the aftermath of united airlines flight 811. investigators immediately know the problem centers on t

office depot officemax. gear up for school.ear up for great. >>> it's time now for the justice files. the jury came down with a split verdict in the new hampshire prep school rape trial. owen labrie is not guilty of four charges including three sex assault felonies, but a jury did find him guilty on five charges including misdemeanor sex assault and a felony of using a computer to seduce a minor. as each verdict was read, you could see the emotion on labrie's face. >> guilty or not guilty? >> not guilty. >> you say, madam foreperson, that the defendant owen labrie is not guilty? >> yes. >> so say you all, members of the jury? >> yes. >> guilty or not guilty? >> guilty. >> you say, madam foreperson, that the defendant owen labrie is guilty? >> yes. >> so say you members of the jury? >> yes. >> this trial put the sex culture of an elite private school, st. paul's, in the spotlight. labrie's defense argued he contacted the victim as part of a student tradition. it involved senior boys sleeping with younger girls. the school releas

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office depot officemax. gear up for school. gear up for great. >>> sharps of twitter are bouncing back today along with the rest of the market. on friday the stock sank to lows it hadn't seen since the ipo. now some executive including jack dorsey are buying stock, and that is giving shares a boost. we're also watching shares of shake shack. that one up more than 200% since its ipo earlier this year. can it report growth to live up to that? that's the question. we'll have the results after the closing bell. >>> we have the close in the metals market right now. gold is up. it's up by just about $10.30 an ounce. it is still hovering above that $1,100 level. it had been falling for seven straight weeks, but today touched its highest level since june. silver, copper, palladium, platinum, let's take a look at where the rest of the metal complex is closing. we're seeing green arrows across the board. silver up by 3%. copper up nearly 3%. platinum up 2.5%. palladium up by 1.7%. >>> the bond market, mr. santelli must be away. that mean

this week, these office depot brand notebooks just one cent. office depot officemax. gear up for school. gear up for great. >>> i want to take you out west now where nearly 100 wildfires are burning out of control this morning. active duty service members are being brought in to help for the first time in nearly a decade. some of the biggest and most dangerous wildfires are raging in washington state. take a look at some of the aftermath in the tourist town where several large fires are still on the move. that's precisely where miguel almaguer is standing by. good morning. how much damage are we looking at? >> jose, good morning. at 56,000 acres, this fire here alone has destroyed at least 32 homes. when the smoke clears, the number could be higher. firefighters face explosive collisions in six western states and here they're calling in for more help. this morning, across the west, it looks like a war zone. and now the military is here. first the national guard. and now for the first time in nearly a decade, 200 active duty service members from across the nation joini

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office depot officemax. gear up for school. gear up for great. >>> major losses on wall street, all averages are down close to 3%. s&p is down more than 3%. the dow in the first 90 minutes of trade traveled more than 3,000 points. meanwhile, the nasdaq very close to entering bear territory down 18% from its highs. bertha coombs is live at the nasdaq with more. bertha? >> reporter: a wild, wild day, kayla. we've seen the nasdaq more than 670 new lows this morning. 410-point swing just at the open, down over 8% at one point. you have apple hitting a new low. traders saying there's just no buyers to be had. apple was getting near positive about an hour or so ago. pounding the table saying as the market worries about slowing growth in china potentially taking a bite out of iphone growth, analysts there say, quote, they are about to embark on their next phase of strong growth on an iphone 6/6s product super cycle. still, the stock technically weak at the open and throughout the day here, every stock at one point in the nasdaq 100 st

this week, these office depot brand notebooks just one cent. office depot officemax. gear up for school. gear up for great. >>> investors are reeling from an extreme week on wall street. racking up the worst week since 2011. analysts are you now wondering if the bad news will continue with a new week of trading begins tomorrow. cnn chief analyst joining me now. so christine, yeah there were a lot of nervous people. a lot of them don't know what's going to happen tomorrow since nigh that is impacting the way that the dow numbers have looked. >> you're absolutely right. a lot is going depend on what is going forward in china and the growth. china has had really great growth for years and years now, and now that growth is not quit so robust factory, output and actually shrinking in some cases and that's has a ripple account and all of the other countries that feed the factors and the miracle of the past in the last 20 years and then the multinational companies here that rely on the china for business and profits. it matters what happens to china, and that's why we're wat

this week, these office depot brand notebooks just one cent. office depot officemax.ear up for school. gear up for great. >>> all right. new proof today that donald trump is driving the republican discussion on many fronts. watch as his opponents discuss the idea, the notion enshrined in the 14th amendment that if you're born in the united states, you're a citizen. >> southern borders are being penetrated every day by drug cartels, drugs, human trafficking. no sovereign nation should be allowing that. as president i'm going to adhere to the laws and hold the walls of the united states of merge. >> i'm going to be -- >> the idea that we would go out in cars and hunt people down, it's not doable and secondly i don't think it's right. i don't think it's humane. >> this constitutionally protected right and i don't support revoking it to suggest that people born in this country are not united states citizens or they don't have this in the constitution. i just reject it out of hand. >> make no mistake, these candidates are talking about it in this way because donald trump w

office depot officemax. gear up for school. gear up for great. >>> welcome back. iran is planning to buy up to 90 billion airbus planes once sanctions are lifted on the company. tehran purchases the planes from airbus and boeing in equal numbers totaling 300 planes in five years. iran intends to use the planes for state funds. >>> the united states has give the go ahead to air strikes in syria to defend against attacks from isis as well. hadley joins you around the set with more on this significant increase. will it continue to increase from here? >> i don't think anybody would ever give you a straight answer on that, judging from what we've seen i would say that that would probably be the case. the united states is spending something like $9 million a day in this fight against the islamic state. and they're not getting visible results, are they? and now they've made it visibly to keep the united states safe. with service men getting captured in terms of a terror abduction scenario but this plays into the hands of what presiden

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office depot officemax. gear up for school. gear up for great. >>> all right. well it was a story that gripped the entire country this past summer. how could two escape in prison and go unfound for so long. richard interviewed a man that was key in bringing it all to an end. >> as an agent a, chris knows how to find people. >> your job right out of academy is to track individuals. if you cannot track a human being, cannot do the job of a border patrol agent. >> he doing tell tack teams in texas. now the video and showing the team chopping in the area of a reported siting and during a manhunt. >> we would get called to and respond to and even in the area. >> the call that came june 26th of shots fired near a highway like another false lead. >> we had to check it out. at that point it did not look like we had things to count on until one came out to me and said that they heard could haghn the wood line. >> then one of his men spotted one. >> at that time i broke to get an angle on the situation, and as i was making my way to the

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office depot officemax. gear up for school.r up for great. >>> you're watching "worldwide exchange" and i'm seema modi. >> welcome back. these are your headlines from around the world. >> a big market day. there's no reprieve for investors. the dow is on course for a 300 point loss after friday's biggest one day decline after four years. >> another selloff in china with the shanghai composite posting its biggest fall since 2007. investors reacting negatively after beijing pulls back on a rate cut. >>> wti is stuck below $40. let's take a look at u.s. futures. the dow is down significantly, about 300 points in premarket. nasdaq off about 123 points. keep in mind the dow and nasdaq are officially in correction territory, down 10% in the recent highs. the session overnight in asia not helping sentiment. the renewed slowdown in china being the big concern. the shanghai composite index lost nearly 8.5%. the hang seng index down another 5%. the japanese any time you see it as a safe haven and looking at it broadly feeling the pain, d

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office depot officemax. gear up for school. gear up for great. >>> is hillary clinton cutting her campaign short to return to the campaign trail. she's back in iowa laying out her plan. agriculture is a major driver of the state economy. clinton is pledging to invest in rural business and infrastructure. clinton has won the support of two key iowa democrats. less than two weeks ago senator tom harken endorsed here. hillary clinton has the backing of the former governor tim vilsack. now she's working to keep from voters in the safe. a new poll out of iowa shows hillary clinton at 54% and bernie sanders at 20%. she's still faying questions of her use of private email server. here is what she said during a news conference in iowa a short time ago. >> i know people have raised questions about hi e-mail use as secretary of state. and i understand why. i get it. here is what i want the american people to know. my use of personal e-mail was allowed by the state department. it clearly wasn't the best choice. i should have used two e-ma