biggest reduction in their share counts through stock buybacks, it's american airlines, h&r block, and quantas services. each bought back enough stock to lower share count by at least 20%, thus helping companies improve earnings per share. the concept of stock buybacks has been somewhat controversial. should companies be buying back thn stock or taking that cash and reinvesting it in the business to grow and hire more people? a big reason why companies can do these larger scale buybacks is because of how low interest rates are. >> companies can issue debt with extraordinarily low rates and then buy back shares. it increases earnings per share, increases the return shareholders get. >> reporter: now that the fed has signaled that interest rates could stay lower for even longer, stock buy backs could contt big question is how long that run can last. for "nightly business rep i' >>> still ahead, massive breach. yahoo! confirms a breach that affects 500 million accounts and da. >>> and now to charlotte, whe a state of emergency has been declared after two nights of violence and continued protests

based in the uk in london though i spent most of my time on british airlines, or american airlines or quantas, something like that, just go through the list. traveling the world. >> but you didn't come up through the ranks as a guy in an open pit mine somewhere. >> no. i started by doing some chemical products in indonesia. >> so really science is your background. >> science is the background, yes >> tell me about extraction of copper now. open pit we think about this in miami, globe, tucson, sahuarita, all of these places where we have open pit mining. this is really starting to change, is it not? the technology is changing. >> that's correct. so what's happening and it's not only true in the u.s. but globally is we have to go deeper and deeper to extract are declining and therefore -- >> for environmental concerns? >> no it's only the grade. if you look at it this way you stop mining this piece and then you go this piece and then you go this piece. at one stage it doesn't make sense then we go underground and we use technology called block caving, for example, which is very high-tech i'm su

quantas? and he will recieve free flights for life. ad-lib to weather triple digit days as a ridge holds on bringing us quiet weather until sunday afternoon. a low meandering off the california coast will shift creating breezy conditions by the afternoon. a trough from the pacific northwest starts to slide down the coastline overnight sunday and that will usher in much cooler temperatures for our area beginning monday. the uv index for friday is 8 your drive here are the accidents to watch out and alternate routes you can use listed on our maps here are the alternate routes listed on our maps here are your photos for the day back to the news desk. the f-a-a is warning flyers not to use samsung galaxy note 7 smartphones on planes. the f-a-a is warning flyers not to use samsung galaxy note 7 smartphones on planes. samsung said a week ago.. it was not just stopping sales of the phones.. but recalling 2-and a half million of them in 10 countries. the move came were catching fire. now -- the f-a-a doesn't want passengers to turn on or charg

because quanta services, they reduced their share count by 27%.ered its share count by 20%. and american airlines by 20% as well. these are three of the companies that have benefitted the most from reducing share counts and boosting their earnings. er share. as we talk about the overall narrative, as we approach the latter part of this year when it comes to the earnings numbers. back over to you. >> no guarantee. joining us to talk more about the markets, dan suzuki from bank of america merrill lynch. dan, thanks for being here this morning. >> thanks for having me. >> so the markets kind of put the old play book back into motion, it seems like, once they got that no move from the fed. it seems you buy some dividend stocks and here we are in all-time highs. where does that leave you? >> we're still on the cautious side here. to me i have seen no positive data over the last couple of months. even the central bank activity we got -- i think it's odd that the markets are interpreting it so positively. the boj basically, the markets rally when you do