scott wapner has been leading the coverage on this story. and stacy joins us from london. let me start with you, scott, if you don't mind. what is jc penney's response, so far as we know, to this ackman salvo? >> i spoke to a source and some of the accusations and facts laid out in mr. ackman's letter is incorrect, that the board as a group has met on certain circumstances to discuss some of the issues that have been raised in bill ackman's letter. it's a long letter. >> a really long letter. >> one that he sent today which lays out a number of things, that executives have been hired without the full board being made aware. he's chairman of the finance committee, that he read or found out in a press release about the hiring of a new marketing executive, one i might add that has been criticized if for no other reason than this particular person has no retail experience whatsoever, that they have come -- >> that's just one cample. >> all right. stacy, let me turn to you, if i might. when you have this kind of opening revolt, shall i say, on a board of a company that has spil

scott wapner is on the phone. i gather you've talked to carl. what'd you hear?porter: i did, indeed, bill. in fact, i just got off the phone with carl icahn a short time ago who reiterated a little bit of what he put out on twitter, that he had a good talk with tim cook, the ceo of apple. he also said in his call, you know, he believed that the no-brainer for apple to use either its extra cash or to borrow money and do a large buyback, and he said if he did a large buyback, the stock value would be enhanced, in carl's word, tremendously. he reiterated the fact that apple is very undervalued, in his words, a company that has great product. he said they had a very amiable conversation, that carl speaking with tim cook, and that they do plan to speak again shortly. he also, you know, his comments -- [ audio difficulties ] -- on the program last evening, what apple is like now versus what the company was under steve jobs. so i asked carl about larry's comment that apple seemed to be going down without steve jobs, and carl would say a lot of people thought netflix wa

. >>> we have breaking news, we want to go to scott wapner on j.c. penney. ott. >> hey there, melissa, thanks so much. there was a report earlier today that moved j.c. penney stores that said the soros field was supporting j.c. penney. i can tell you that according to sources close to glen view and familiar with the firm's way of thinking is that the firm had been chosen sides in this. the source telling me that glen view has a pass at stake and that the firm believes that there is only one side to take, according to this source that everybody agrees that j.c. penney needs additional human capital to fix that company. so, again, just to reiterate, because this early report did move j.c. penney stock a good amount, about 2 or 3%. according to my sources, familiar with glen views thinking sheer that they haven't chosen sides in the boardroom fight with bill ackman. they have a pass at stake. they only believe there is one side in this whole thing. that's that everybody agrees j.c. penney needs additional human capital to try and fix what's gone on at that compa

. >> hey there, kelly, scott wapner at cnbc global headquarters. maria and bill will be back tomorrow. and we do have a very busy show ahead. it's, of course, a down monday to start the week. >> -- on friday, but it doesn't look as though we'll be able to do it again today. we'll watch, though, and see what happens over the next hour. some big battles raging among billionaires this week, and a certain millionaire actor. we'll get to that in a bit. first, bill ackman was leveling a charge at zoros fund. a stock that ackman is shorting. the question is was that illegal or is this just a case of sour grapes? former s.e.c. boss harvey pitt will weigh in. >>> also, much more fallout from george clooney's full-throated assault on dan loeb and his move to try to split up movies. is clooney biting the hand that feeds hollywood? we'll look at that and more. >> look forward to that. also black monday for major league baseball. multiple suspensions for performance-enhancing drugs coming down at any moment. alex rodriguez is expected to get the worst of it. ma

let's get back to headquarters, scott wapner and the halftime. >>> thanks very much. welcome to "the halftime show." four hours to go until the close. on the wall is where we stand on the street, down day across the board. dow is down almost 80 points. there's the s&p and nasdaq following suit. here is what we're following. >>> u.s. against the world. the best place to invest on earth, your money right now and why it might not be here at home. >>> still brewing. green mountain is up nearly 250% over the past year yet two guys in the same family can't agree on where it goes next. that means they'll square off in a big der bait just ahead. >>> first, our top story, stocks falling again with the s&p 500 working on its worst three-day losing streak in two months and cutting through a key technical level. even with the slide one long-time market watcher upped his target for the end of the year. are we on the cusp of a midsummer swoon or is this a perfect opportunity to get in? with us for the hour, pete and jon najarian, steve weiss, ennis tanner. is it time to get a littl

first of all, though, i want to talk about jc penney, scott wapner, this is your big story, been following it and a lot of moving parts and bring us up to speed. >> hard to keep up to speed on the developments. >> yes, it is. >> the volleys and punches and counterpunches that have come back and forth over the last 12 hours. a couple letters from bill ackman to the board. there's been a response from the board and official statement from the current chairman of the board who says if mr. ackman's statements in the letters that we've seen criticizing a number of issues with the board, the board saying that mr. ackman's statements are misleading, inaccurate and counterproductive. i spoke with bill ackman a short time ago who said our letter is entirely accurate in all respects. we look forward to meeting with the full board to discuss the future of this company. what you have right now is a mess. it is a full fledged mess. >> is there a school of thought that maybe ackman is meddling too much? pushing for the changes fast and wanting things done fast is what got ron johnson into a lot of troub

scott wapner broke that news midday yesterday and he joins us now with the latest. cott. >> carl, what you have now is one mess, really what erupted yesterday late the day after the news we broke midday and after the close is the full-fledged boardroom brawl. it was ackman's letter here that we told you about yesterday saying the search for a ceo was taking too long. the market was basically speaking and telling jcpenney's board that it had to find somebody soon, that it had to do something to stop this stock from going down. ackman was clearly frustrated that that search process was take toog long. there was the added news that allen questrom was willing to come back as chairman of the board if he supported the new ceo choice. and then after the close, jcpenney's board responded with its own letter firing back at ackman saying that his actions were, in their words, disruptive and counterproductive. also saying that he was int inaugural li involved. that was clearly alluding to the hiring of ron johnson. and then even howard schultz getting involved. mike ullman happ

let's get back to headquarters, scott wapner and "the halftime." >>> carl, thanks.it's a down day on the street. nearly a triple digit loss for the dow, s&p and nasdaq down as well. >>> the 40 most overpriced stocks. goldman is out with a list. we got our hands on it and we'll share it with you ahead. >>> too hot to handle. is first solar's six-month surge a signal to get or sell? >>> first, our top story, tech. nasdaq is at a 13-year high, apple and facebook keep climbing, but ibm gets a downgrade and the sector is still one of the underperformers of 2013. so what

i'm kelly evans along with scott wapner. maria bartiromo will be back tomorrow. here's how we're finishing the day on wall street. the dow jones industrials average losing ground by about 46 points. the s&p 500 closing down 2 1/2, although it's managed to stay above the 1,700 level for the third day in a row and nasdaq helped by apple. starting the week in the red. joining us for more, we begin with the market panel, paul from heritage capital, doug from riverfront investment group, kenny from o'neil securities, who's just finishing up trading and will join us shortly. guys, welcome. paul, let's kick off with you. we're looking at the start -- negative start, down about 46 points in the dow. how worried are you? >> i'm not worried. i mean, listen, the market's had a great run. last week, a great run since june 24th. even if you went down 1%, 2%, 3%, i think it's just a tiny little dip. it's barely a rounding error. and the markets, to me, are clearly headed higher in the short term. >> doug, you buying into this weakness, as well? >> yeah, i think we are buying i

sorkin and scott wapner in for joe who is still on vacation. the bulls are trying to bounce back today after the dow closed at a one-month low yesterday. the s&p fell for the fifth time in the last six sessions. u.s. equity futures this morning are indicated a little higher, check out right now, you'll seat dow futures up by 66 points. the s&p futures are just about 6 1/2 points above fair value. a lot of this is coming off what happened in japan overnight. we'll talk more about that in a moment. a number of key economic reports are expected today. at 7:30, the nfib survey of small business sentiment. an hour later, retail sales and import export prices. and finally at 10:00 a.m., business inventories. >>> in global market news, stocks in japan rose after a media report suggested that the prime minister is considering a corporate tax cut to help offset the impact of the planned two-stage hike in the sales tax. that definitely helped up the nikkei, up by 2.5% at the end of the take. this morning, you see our futures picking up on this. jim crame

how about by following money, as reported on by david faber and scott wapner.at bill ackman might be buying up shares of air products. if you listen, it picked up three points today on top of the seven that were available. you can also follow the money at carl icahn, which leads 10% when cnbc broke the store today that george sir ross had taken a big stake. while ackman tightens the noose on -- who cares? you make money following both. again, lots of ways to win. in a bear market, what do you want to do? you want to bet with the short sellers like bill ackman. but in a bull market, you want to bet with the concept guys. cold stocks and once again, if you bought netflix and tesla, if you like the car, you like the product, i understand why you're buying it. these are two incredible winners in 2013. they remain popular favorites with the crowd you have to go with when the crowd has you and the tape is your friend. i know facebook today pulled back. remarkable non-stop move from the $26 level where it last reported my larger position and my charitable trust. the s

judge scott wapner is a dodger fan. he was telling me how they were doing so great lately.hottest team in baseball. other than my hated braves. i hate them. next, we have a tweet. this tweeter says we need a chart a day. it's been fantastic. thanks. i have to tell you, chartnado has been a blast. i don't know hashtag chartnado, my executive producer gets mad when i don't mention hash tag. stay with cramer. carly garners is saying nat gas is done going down. the vix bottom today. see you tomorrow. could this man be brooklyn's own bernie madoff? >> people who lived in that neighborhood never conceived that this schlubby-looking guy was going to hurt them. >> narrator: because, unlike madoff, philip barry's no fancy billionaire flaunting the high life in front of his victims. he's one them. >> he was wrapping himself in the mantle of the hardworking work ethic of that neighborhood and using it to lure people in. >> narrator: and he's quietly building what may be the longest-runninnz

today scott wapner said he confirmed through sources that carl icahn did not buy on it. it traded so well that some people were thinking for sport maybe icahn got in there and wanted to see this thing double in ackman's face. that was one rumor going around. the company also, talk about balance sheets, is going to have to raise capital here. there is probably another equity offering coming. >> anybody remember people crowing about ackman's profits in jcpenney? 1260. we knew the price there. pure profit for citigroup. there you go. coming up on "fast money," does jerry seinfeld's buddy george kos stan za actually have the key to being a successful trader? we'll explain. can kind snacks keep produces healthy profits and doing social going, ceo daniel lebetski will join us after the break. oves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. otherworldly things. but there are some things i've never seen before. this ge jet en

. >>> live from the nasdaq market site in new york city's times square, i'm scott wapner. our traders tonight, guy adami, john na var yan, brian kelly and mike khouw. the s&p 500 closing above 1700 for the first time ever. small caps, mid caps the transport and industrials hitting record highs as august kicks off. the question we ask tonight is this, are you sticking with the hot summer rally or is it time to grab your beach bag a take a vacation. first breaking news and we go to david faber. >> reporter: of course tomorrow morning is expected to be a vote on the fate of the dell deal. but the talks i can tell you between the between special committee and michael dell and his partner silver lake continuing tonight. the focus of these talks is about obtaining a higher bid for michael dell and silver lake in return for the exchange of the voting standard that they failed to get. sources close to the situation tell me the talks or -- the situation is fluid, tenuous but they that progress is being made. it's unclear what the bid will be. will it be 5 cents or perhaps more than

hedge fund manager leon cooperman telling snoebz's scott wapner that he agrees with icahn that apples chief. that's a bright spot. other bright spots include enviedia and netflix also on the move to the upside and also take a look at shares of blackberry once again on the move. stock is lower today but it is up about 18% since we first got word last friday that blackberry may be open to going private, a story that we continue to follow. sue, back to you. >> thank you very much, seema mody. gold prices closing right now and bertha coombs is tracking the action. >> reporter: the weaker dollar following the ppi. gold up about 1.5% for the month, but the real move has been in the industrial met al. silver, though precious, also has an industrial component. take a look at its monthly performance, george garros saying there's a prospect for better demand with bert data coming out of europe and certainly what we've been seeing out of china and take a look at copper, copper as well. copper at its highest levels since june 7th. sue? >> thanks very much, bertha. one of the characteristics of t

. >> who gets off air on time better than scott wapner? nobody, ladies and gentlemen, a summer's fall. stocks dropping for a third straight day. in three days time we're now down several percent as you will see in just a moment. president obama talking about what is probably your biggest investment today, your house. what he's saying and the changes that could be in the works for the housing market. he talked a little bit about it yesterday in a big speech in phoenix. today answering questions about housing, and a brand new list. we love lists, goldman sachs sending out a note of what it calls the 40 cheapest stocks in the market. can they make you money? well, we're going to give you the list throughout our show today. first though, down to sue, nyse. hi, sue. >> hi, ty. right now the markets are falling a little bit, not all that much, but it's the third straight day to the downside. right now the dow jones industrial average is down 47 points. the s&p 500 is off about 6.25, and the nasdaq off 16 and the russell 2000 off 7.5. in terms of

scott wapner in for bill griffeth. he's back tomorrow.aid, of the three-day losing streak. is this a healthy pullback, or is something bigger going on? that's certainly what we've been watching today. it is the worst three-day streak in some two months. the second-worst three-day streak of the year. >> but, scott, the worst we've seen throughout th

. >>> live from the nasdaq market site in new york city's times square, i'm scott wapner.rs tonight, guy adami, john na var yan, brian kelly and mike khouw. the s&p 500 closing above 1700 for the first time ever. small caps, mid caps the transport and industrials hitting record highs as august kicks off. the question we ask tonight is this, are you sticking with the hot summer rally or is it time to grab

. >> hey there, kelly, scott wapner at cnbc global headquarters. will be back tomorrow. and we do have a very busy show ahead. it's, of course, a down monday to start the week. >> -- on friday, but it doesn't look as though we'll be able to do it again today. we'll watch, though, and see what happens over the next hour. some big

let's get to headquarters, scott wapner and "the halftime." >>> carl, thanks. welcome to "the halftime show." four hours until the close. we're off the lows of the day but we're still pushing a nearly triple digit loss for the dow. there's the s&p and the nasdaq negative as well. >>> crude reality as a syrian strike looms. we head to the pits to find out how high the commodity could go. >>> just wing it. is it time for to you super size mcdonald's stock? a tasty debate is just ahead. >>> global markets on edge today following reports that u.s. military action syria could come as early as thursday. stocks moving sharply lower on that news while bonds, gold, and oil rally. the prospect of an attack yet another concern for investors already sweating it out over the taper, the debt ceiling, and even the future of the fed. so we're trading the action with josh brown, mike murphy, stephanie link, jon najarian. josh brown, how do you trade the market today with now the syria question looming? >> i think the syria thing is really just the probable cauxim. we have seen

we'll end on jcpenney, our own scott wapner breaking more news on that name., activist investor, jcpenney independent director, now demanding that the company's board meet as soon as possible and that chairman tom be replaced. jcpenney stock, by the way, falling hard, hitting lows last seen more than 12 years ago. maria, back to you. >> all right, thank you so much. we just heard from howard schultz weighing in to support mike ullman. mike ullman sits on the starbucks board. you heard howard a few moments ago saying that he is an esteemed leader, really backing him and supporting him in the face of ackman's calls for him to resign. the s.e.c., meanwhile, wants jpmorgan to admit wrongdoing in any settlement related to last year's $6 billion london whale trading losses. jackie deangelis has the story. >> reporter: jpmorgan has been vocal about its wish to move past the $6 billion lost in connection with the trade. now, in addition to wrongdoing, it might be what it takes to satisfy the regulators. the s.e.c. wants any settlement to include an admission that jpmo

. >> with that, let's get back to headquarters, scott wapner and "the halftime." >>> carl, thanks. welcome to "the halftime show." right here on the wall is where we stand. up day for stocks. dow is up 87, nasdaq, s&p positive as well. here is what we're following. >>> gundlach unplugged. the king of bonds in a halftime exclusive on rates, the fed, and what stocks he's playing. >>> battle over the builders. a halftime throwdown. >>> first, our top story, a rough august for stocks winding down. what will september hold? the typically tough month comes with so much for investors to digest. dropping jobless claims and talk of a mega deal in the telecom space. what does it all mean for your money? we ask the traders, stephanie link, jon najarian, steve weiss, josh brown. josh brown, what does all of it mean? >> if we have to prioritize what's most concerning right now to me, i would put syria a little bit lower on the list. i think the housing market is really, really important here. i think the telegraphing we're getting from the home builder stocks is highly negative. the 20% drop in

scott wapner and "the halftime." >>> thanks. welcome to the "half time show." a bit of a snap back after yesterday's big sell-off. there are the major averages. dow up 65, s&p is up 9, nasdaq is higher by 2/3 of 1%. >>> call it a crisis. one well-known market watcher is out with a warning for your money. details of what it is strayight ahead. >>> is groupon getting ready to battle amazon? and if so, what could it mean for the stock? a big debate is just ahead. >>> our top story, markets around the world on edge again today as the u.s. weighs military action against syria. the threat of attack only adding to investor jitters in what's already been a rough month for stocks. let's get right to it with pete and jon najarian, don nathan in the house today. pete, do you feel comfortable to buy stocks today or not yet? >> not yet. when you look at the volatility index, this is something we've talked about for the last couple weeks. since earnings season, about a week and a half ago, two weeks ago, the focus went away from the earnings and then suddenly went towards th

scott wapner and the "fast money" halftime. >>> thanks, welcome to the halftime show. four hours to go until the close. let's go up to the wall, see where we stand on the street at this hour. it's a big day for the bulls. there's the dow, good for 123. s&p, nasdaq higher as well. here is what we're following on "the half." >>> the social standard. linkedin in is up a staggering 350% since the ipo but is there still time to get in with earnings looming or are the risks just too high. >>> plus, the great debate. exxon suffers it's biggest miss since 1999. the stock is getting hit, but what now? it's link versus terranova. >>> first our top story, the summer rally. after the strongest july since 2010, august gets off to a ripping start after jobless claims come in better than expected. data from china and europe also impress. with the s&p topping 1700 for the first time ever, what are your best plays if stocks are set for another leg higher? let's ask the traders. stephanie link, stephen weiss, josh brown, and joe terranova with us for the hour. steve weiss, above 1700 on

cnbc and our scott wapner here with me now, just doing some reporting just then, reporting that bill ackman, the investor, has filed a complaint with the s.e.c. after george soros joined carl icahn in buying up a big chunk of herbalife. you'll recall probably that ackman has been shorting the stock saying that the company is nothing more than basically a pyramid scheme. that short position is a big reason why, by the way, ackman's percenting square capital lost during that time. if you're short, you don't like to see that kind of a business. with us also nathan vardy with "forbes." welcome to "power lunch." what do we know about this complaint of ackman's and whether people are ganging up on him? >> we know that bill acshan and pershing square have formally asked the s.e.c. to take a look into the soros investment to see if it violated insider trading laws. the way that the investment was made, who was spoken to, whether there was a conversation with a large number of hedge funds before the investment was made. mr. ackman clearly wants to know how all of this went down. again, when w

scott wapner in for bill griffeth. he's back tomorrow. stocks in danger, as maria said, of the three-day losing streak. is this a healthy pullback, or is something bigger going on? that's certainly what we've been watching today. it is the worst three-day streak in some two months. the second-worst three-day streak of the year. >> but, scott, the worst we've seen throughout this entire bull run since last november was, what, 3.5% sell-off, at best? that's been the correction? >> exactly. look, the other day, the dow had its worst day since, like, june 28th. >> yeah. >> it was only down .3%. >> what do they do, they bought on the dip. >> they did. the question is, will they this time? >> will they this time? the investors are waiting on a flurry of major earnings an hour from now, groupon, tesla, some battleground names there. we'll have the news first and the analysis of the stocks as investors react after the close tonight. >> yeah. international soap opera playing out on the world stage. president obama announcing he's skipping a planne

. >> and and back to headquarters and scott wapner and the halftime. >> welcome to the halftime show. four hours to go until close. down across the board right now. there is the nasdaq and it is down two. here is what we're following on the half. the road to 2,000, some on wall street say that's where the s&p and heading. we'll tell you where we get there. chipped or broken, qualcomms under perform the market and is a turn around in the cards? one trader says yes and another no which means we will debate it just ahead. the top story, follow the money, new numbers showing a record amount of cash flow into the equity funds and etfs in the month of july, this at a time when other data unveiled exclusively by us in just a few minutes suggests the retail investor is growing more bearish by the day. what's the best strategy for your money now? in the market or out? we're trading with josh brown and joe and steve and stephanie. josh, in the market or out? >> always in. the degree to which we're in may fluctuate. always in. here is what i want to you think about right now the consensus thinki

. >> scott wapner in for becky quick.ly we'll get to the serious things happening today, but you don't have plans to, like, bring on people to say, you any to curse and dissparnlg ea each other and get into fights. >> you don't do that on this show, right? >> you want me to do some phone calls. >> can you do a show without instigating and people throwing mud at each other and causing all kinds of a ruckus. you're comfortable on a normal straightforward -- >> jerry springer financing. >> i know. chairs. >> that's who i am. >> you rose with activism. i wonder whether being there and sort of helping it along actually helped along the activism. you're part of the story, kind of. >> the activists have given us the story this year, right? >> yeah. >> all of them, really. >> and it is fascinating in a way. it is one of the biggest stories of the year. >> journalistic gift. >> it makes the story that much more interesting. >> makes it more exciting, doesn't it? >> it does. you pretend you're not, you know, instigating, but i see

i'm david faber along with jim cramer and scott wapner. of course, we are live from the new york stock exchange. carl quintanilla has the day off. on this morning after the dow's worst day since june, well, since late june, stocks poised to open lower yet again. we're talking about guidance from walmart and cisco that was not good and is being met with a negative reception as you might expect. take a look at the futures there setting up for pretty nasty open. at least if you're long at this point. look at the ten-year. that's become an important -- oh, it's always important but it's become perhaps important again to what's going on in terms of trading and the view of the overall equity markets rising to two-year highs after weekly jobless claims fell to levels not seen since october of '07. yes that is a good thing. in fact, you could argue that's even a good thing, too. let's get to the road map. it starts with the major indices in the red. investors wondering whether we were in taper territory as two dow components red on the market. >>

scott wapner and jim cramer are standing by. watching some of the earnings out.y's. >> deere it's very difficult because what happens is deere traditionally has a very weak corn fence call. going to say it. very cautionary so a lot of people went nuts at the beginning, saw an 86 tick and people realize once the conference call starts, i think they will not be as upbeat. too much brazil and not enough america. i like agco over deere. macy's don't write it off. not an important quarter althoughquarter. who am i to tell you that it wasn't disappointing? >> it was interesting. you talked about what happened in the second quarter calling. disappointing. when you started talking about what they're seeing right now in back to school, say the trends have been improving and that ready to wear for women has been improving. that's been a disappointing area for a couple of years for them. >> bloomy's has been a problem. i was on "mad money" recently and we were concerned about what is going to happen with back to school. he said, listen, too early to give a read. i think the

. >>> -- ross sorkin and scott wapner in for joe kernen. welcome, scott.here today. a number of interesting stories to talk about today. let's get a quick check on the markets. the u.s. equity futures that the hour, they're barely budged. look and see what happened there. yesterday, we saw some new records. nasdaq at a 13-year high. and the russell 2000 at another all time high. interesting news, the vix, volatile dropped off the planet. at around 11. and so we'll continue to see what happens. we're in august, and some of these numbers will tell you just that. today's economic calendar is light. we have two reports to watch. international trade at 8:30 eastern time. and then at 10:00, the labor department announces job openings and labor turnover survey known as jolt. as for earnings, we have adm and liberty media. they're the names that are reporting quarterly results before the bell. this afternoon, you have disney in focus. we're not through the earnings season yet. here is the big news. amazon founder

i'm andrew ross sorkin with joe kernen and scott wapner, sitting in for the vacationing becky quick.situation in syria. senior u.s. officials telling nbc news that the u.s. could hit the country with missile strikes as early as tomorrow. discussions about a possible options coming days after what is now believed to be the syrian regime's use of chemical weapons against civilians. nbc's richard engel filing a report from southern turkey, near the syrian border. >> reporter: washington says this is not about regime change, that the united states doesn't want to get involved in syria's civil war, that this will simply be a punitive action so that the use of chemical weapons does not go unnoticed and unchallenged. >> there is no doubt who is responsible for this heinous use of chemical weapons in syria. the syrian regime. >> reporter: the leader of the free syrian army told us today he hopes three days of military strikes will just be enough to topple the regime, that it could

wapner in for joe kernen. welcome, scott. good to have you here today. a number of interesting stories to talk about today. let's get a quick check on the markets. the u.s. equity futures that the hour, they're barely budged. look and see what happened there. yesterday, we saw some new records. nasdaq at a 13-year high. and the russell 2000 at another all time high. interesting news, the vix, volatile dropped off the planet. at around 11. and so we'll continue to see what happens. we're in august, and some of these numbers will tell you just that. today's economic calendar is light. we have two reports to watch. international trade at 8:30 eastern time. and then at 10:00, the labor department announces job openings and labor turnover survey known as jolt. as for earnings, we have adm and liberty media. they're the names that are reporting quarterly results before the bell. this afternoon, you have disney in focus. we're not through the earnings season yet. here is the big news. amazon founder jeff bezos is buying "the washington post" newspaper for $250

i'm becky quick with andrew ross sorkin and scott wapner.ood to be back. >> into the end of the week here. >> thank god. >> joe will be back on monday, everybody. right now let's get to the markets. u.s. equity futures at this hour at least after everything we saw yesterday, well, they have barely budged. if you were looking for some big bounceback after yesterday's big declines, you're not going to see it, at least not just yet. as andrew was talking about, we did have stocks finishing near their session lows yesterday. with the dow down more than 200 points. the major indexes posted their biggest two-day losses since june and volume was slightly heavier than usual. if you thought this was the case of just traders being away, that's not the situation. meantime, the yield on the ten-year treasury hit its highest level in two years. this was the story and what was driving things. you can see this morning sitting at 2.778%. yesterday, it topped 2.82% for the first time as we mentioned in two years. in today's session, we'll be talking about wh

i'm becky quick with andrew ross sorkin and scott wapner in for joe who is still on vacation.ounce back today after the dow closed at a one-month low yesterday. the s&p fell for the fifth time in the last six sessions. u.s. equity futures this morning are indicated a little higher, check out right now, you'll seat dow futures up by 66 points. the s&p futures are just about 6 1/2 points above fair value. a lot of this is coming off what happened in japan overnight. we'll talk more about that in a moment. a number of key economic reports are expected today. at 7:30, the nfib survey of small business sentiment. an hour later, retail sales and import export prices. and finally at 10:00 a.m., business inventories. >>> in global market news, stocks in japan rose after a media report suggested that the prime minister is considering a corporate tax cut to help offset the impact of the planned two-stage hike in the sales tax. that definitely helped up the nikkei, up by 2.5% at the end of the take.

i'm andrew ross sorkin along with becky quick and scott wapner.n of gasoline slipping almost 8 cents in the last two weeks. the lundberg survey putting the average price for a gallon of gasoline regular at $3.59. among the reasons, increased supply of the motor fuel as u.s. refineries kept production capacity high. and i should say -- i know everyone gives me a hard time for never driving a car. i drove a car over the weekend. i went to maine. >> you went to maine? >> i was at a camp reunion. i kid you not. i saw guys i hadn't seen in 20 years. shout-out to everybody at camp cedar. i flew home sunday morning. >> so you drive while you were there. rented a car. >> i rented a car. i rented a white ford taurus which actually was not a bad little car. >>> anyway, now to a very unusual piece of audiotape this morning. a media business blog obtained a recording of aol ceo tim armstrong. he's been on the show a number of times. we love tim armstrong, but this is a tough tape to listen to. he is firing or supposedly firing an employee in front of 1,000 co

. >>> let's get to scott wapner with some breaking news at hq. scott? >> thanks so much.sent to the board of jcpenney. here are the items. jcpenney has initiated a search for a new ceo to replace interim ceo mike ullman. it's clear from this letter that bill ackman is frustrated that that search process has not gone fast enough. it was supposed to start, according to the letter, back in april, but it was only at the july 22nd board meeting, nearly four months after that, that the board finally agreed to make the succession issue part of the agenda. mr. ackman thinking according to the letter that a new ceo should be in place between 30 to 45 days, and clearly he's frustrated thinking that this entire process is going too slow. the other significant development here is that bill ackman says in this letter that he has gotten allen questrom to agree to come back as chairman of the board. he's the past ceo of jcpenney. he's considered to be a retailing legend. he has led several of nation's largest retailers. mr. ackman saying in this letter that questrom has agreed to come b

scott wapner and "the halftime." >>> thanks. welcome to the "half time show."sell-off. there are the major averages. dow up 65, s&p is up 9, nasdaq is higher by 2/3 of 1%. >>> call it a crisis. one well-known market watcher is out with a warning for your money. details of what it is strayight ahead. >>> is groupon getting ready to battle amazon? and if so, what could it mean for the stock?

i'm david faber along with jim cramer and scott wapner.ck exchange. carl quintanilla has the day off. on this morning after the dow's worst day since june, well, since late june, stocks poised to open lower yet again. we're talking about guidance from walmart and cisco that was not good and is being met with a negative reception as you might expect. take a look at the futures

. >> with that, let's get back to headquarters, scott wapner and "the halftime." >>> carl, thanks. right here on the wall is where we stand. up day for stocks. dow is up 87, nasdaq, s&p positive as well. here is what we're following. >>> gundlach unplugged. the king of bonds in a halftime exclusive on rates, the fed, and what stocks he's playing. >>> battle over the builders. a halftime throwdown. >>> first, our top story, a rough august for stocks winding down. what will september hold? the typically tough month comes with so much f

scott wapner in for joe kernen. joe back on monday after a nice little vacation.re any more tweeting yesterday going on? >> i didn't see any pictures. >> he was tweeting? >> he was tweeting from his -- the hair was sweeting. >> okay, i got you. >> the hair was tweeting and he responded with a picture of the hair on the beach. >> with a little pick. take a look at the futures this morning. see how things are -- >> the hair looking big? no haircut in a couple of weeks. >> i did notice it looked a little fuller. it may be the humidity too. >> might be a little humidity. >> deadly combination, right? >> but, anyway, dow looks like it would open up about 4 points higher. s&p 500 and nasdaq looking up as well. we're go to be talking to a strategist and economyist in a few minutes and talk about that. first, to some of the morning headlines. one of the big ones is this. a federal bankruptcy judge rejecting a bid by eastman kodak shareholders to set up a committee to represent their interests. now, the judge fears that the loss of financing of shareholders get their say.

. >> and and back to headquarters and scott wapner and the halftime. >> welcome to the halftime show.own two. here is what we're following on the half. the road to 2,000, some on wall street say that's where the s&p and heading. we'll tell you where we get there. chipped or broken, qualcomms under perform the market and is a turn around in the cards? one trader says yes and another no which means we will debate it just ahead. the top story, follow the money, new numbers showing a record

scott wapner and the "fast money" halftime. >>> thanks, welcome to the halftime show.re we stand on the street at this hour. it's a big day for the bulls. there's the dow, good for 123. s&p, nasdaq higher as well. here is what we're following on "the half." >>> the social standard. linkedin in is up a staggering 350% since the ipo but is there still time to get in with earnings looming or are the risks just too high. >>> plus, the great debate. exxon suffers it's biggest miss since 1999. the stock is getting hit, but what now? it's link versus terranova. >>> first our top story, the summer rally. after the strongest july since 2010, august gets off to a ripping start after jobless claims come in

we'll get to scott wapner with some breaking news. >> you can add another voice now to the discussionjust got off the phone with allen questrom, he's the former ceo of jcpenney who was linked with ackman in that first letter that mr. ackman had sent to the board. mr. questrom telling me ackman did what was right for the board, what was best for the board. ron tysoe is this new board member in has been named. formerly the vice chairman of fed rated. mr. questrom saying ron tysoe will be good for the board, that the company needs to get the business back on track, also thinks the company will have to get more equity into the business sooner rather than later. also saying if the board is happy with mike ullman, they should get behind him telling me, and this is significant as well, that he's really not interested in coming back to the board of directors. remember, there was that conversation in ackman's letter how questrom had agreed to return as chairman of the board if he agreed with whoever the new ceo was going to be. questrom saying he's not really interested coming back but he woul

as we get back to headquarters, scott wapner and "the halftime." >> thanks so much.ose. let's look at where we stand on this friday. green, not so much though. trying to rebound from yesterday's big sell-off. here is what we're following on the half. gold play. with the appreciaprecious metal in on a two on month high, is it time to get in. >>> a green mountain's move a sign that more gains are ahead? a highly caffeinated brawl is so coming up. >>> sta

let's get to headquarters, scott wapner and "the halftime." >>> carl, thanks.hours until the close. we're off the lows of the day but we're still pushing a nearly triple digit loss for the dow. there's the s&p and the nasdaq negative as well. >>> crude reality as a syrian strike looms. we head to the pits to find out how high the commodity could go. >>> just wing it. is it time for to you super size mcdonald's stock? a tasty debate is just ahead. >>> global markets on edge today following reports that u.s. military action syria could come

i'm david faber with jim cramer and scott wapner live from the new york stock exchange. carl quintanilla has the day off. futures holing on to their losses after earnings, well, an earnings miss for may macy's and wholesale prices were flat for july. ten-year note yield is worth noting at this point as you can see there. 2.71%. yeah. let's move on to europe. second quarter gdp data indicating eurozone emerge by recession. in and also some growth in france. and that gets us to our road map which starts with a rare miss for macy's. shares of the department store are falling in the pre-market. the ceo says consumer are worried about the uncertain economic environment. >>> apple still getting the icahn burp thmp this morning. carl icahn tweeted he bought a stake in the tech giants. >>> and strength on the farm. deere beating on the top and bottom line this morning, citing strength in farm equipment sales. >>> bill ackman speaks out about the villains of the capital markets in his public bat with other high-profile hedge fund managers. >> man. a lot of personality. a lot of p

let's get back to headquarters, scott wapner and the halftime. >>> thanks very much. we stand on the street, down day across the board. dow is down almost 80 points. there's the s&p and nasdaq following suit. here is what we're following. >>> u.s. against the world. the best place to invest on earth, your money right now and why it might not be here at home. >>> still brewing. green mountain is up nearly 250% over the past year yet two guys in the same family can't agree on where it goes next. that means they'll square off in a big der bait just ahead. >>> first, our top story,