it was an affront to humanity, i thought. >> let me bring in seema iyer, an attorney.d that the victim was very careful, she addressed the court, spoke to the judge in reading that statement but did the defendant here, he's already convicted now, was able to turn around and basically enjoy the confrontation with his victim. >> chris, a psychopath and a sociopath and someone narcissistic of course, he wants this attention. and unfortunately, our law recognizes that. there are certain critical stages in the process. and this is what case law and statute tells us. so this sentencing is one of those critical stages. he las the right to speak and he has the right to speak as long or as little as he wants. the difference between mr. castro and ms. knight is that ms. knight was well prepared by the prosecutors and probably her lawyer. >> let's watch him in action now. ariel castro here. ariel castro winking sort of at the judge after enjoying eye contact with everybody in the room, he talks about to the court about the sex with the three victims was consensual he said, that t

seema mody. going to see you later in the show. >>> now, we have the latest track problem on the obama care train wreck. it turns out the security systems are not ready yet to protect everybody's private information. there is no firewall. this is a major invitation for identity theft and maybe worse. remember, those exchanges go live in just 54 days. it is not ready. the whole system is not ready. we're going to have that story for you next up on "kudlow." [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. ♪ trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant

thanks so much, seema. >>> 4:47 right now. we were just talking about this, lightning all over the area. >> thousands of lightning strikes, but most of which came down offshore. chances are you were broken up by that thunder. it was loud even in campbell where i live. the dogs got fright ned at one point. if you live along the peninsula, you probably heard the most action if you're not a deep sleeper. 4:47 now. here is the difference between yesterday and today, starting with this live picture of the golden gate bridge, plenty of low clouds overhead, keeping temperatures cooler. i set this back six hours. this is live doppler radar, at this point nothing is happening. watch this. six hours ago, all this activity rolled through the south bay along the peninsula. a lot of people jolted out of bed. let's talk about what's happening today because we have actually a better chance to see some of the thunderstorms over our land mass today. the reason why is because the area of low pressure is starting to push inland very slowly. it's

seema mody is following the story for us and is at the nasdaq today. hi, seema? >> that's right. blackberry on the move. the company's board is said to be warming up to the idea, and no deal is imminent and blackberry has not launched a sales process. disappointing sales and earnings, the street has been discussing whether blackberry should partner up with a larger tech firm or going private. in fact, during blackberry's latest shareholder meeting heinz was asked if they should break it up and he said, before you go into strategic options you have to create value. just to put that into perspective shares are down more than 80% since the apple iphone was released in june 2007 equating to a market cap loss of roughly $30 billion and over the last six months short interest as a percent of shares outstanding has been steadily increasing now at 35%. tyler, back over to you. >> thank you very much. we appreciate that. seema and scott and i are still talking here about ackman, et al. priceline closing in on $1,000 a share and josh lipton has the flash desk with a deal for us. >> we're w

is larry ellison right, seema?not a positive thing to hear if you're an apple shareholder. however, in the last two years apple's competitive advantage in the smartphone and tablet space has changed. will this be different if steve jobs was around? maybe not. >> robert? >> yeah, you know, follow the finger. i mean, the direction there is pretty clear, and i think ellison is the most jobsian ceo in america in terms of the mad genius. these two were very close. he had a lot of insight into what made this company successful. i think he's right. >> very interesting. on to tesla with an iconic ceo, elon musk releasing his idea for the hyperloop, a high-speed above ground travel system that could take you from l.a. to san francisco in half an hour. check out the animation nbc created of the concept, so robert, would the hyperloop ever be built or does musk want to keep his name relevant? it looks like the trans-alaskan pipeline with people in it. >> i can't help but think that this hyperloop ends up with a rich dudes in

sue, back to you. >> thank you very much, seema mody.old 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 the markets today has been a rise in the bond, the ten-year note yield to just about the 2.7% mark and rick santelli follows that. dollar index follows it all and he's at the cme for us right now. >> thanks, sue. if you have a sticky note ton write treasury yields are sticky because they are. granted, no curve implications today. pretty much all maturities are one basis point higher in yield, a

. >>> for business we turn to cnbc's seema mody. >> richard, stocks ended mixed on monday. light trading volume and little market moving news. look for data today on retail sales, import prices and business inventories. americans are getting better about not racking up too much credit card debt. credit reporting agency transunion says the rate of late payments or those at least 90 days overdue fell this spring to the lowest level since 1994. >>> and facebook could help you book that dinner reservation. they have teamed up with open table to let users get seats at their favorite restaurants through facebook's mobile app. richard, back over to you. >> thank you, seema. >>> long gone are the days of the so-called crackberry. now blackberry is considering selling itself after its new phones failed to turn around that struggling company. blackberry was the dominant smartphone until the iphone debuted in 2007. it's back-to-school season. you know what that means. shopping crowds. lots of them. but social network foursquare has a solution based on check november tracking. they say

you first, seema. is it within the bounds of an attorney for the victims there to call to order that moment and say you cannot talk about -- >> no. >> you can't shut the guy up? no, you can't shut the guy up. and okay, so just to be clear, the attorneys for the victims, they are civil attorneys that were doing just kind of damage control, okay? but the prosecution represents the state who represents the victim in that will proceeding that we saw yesterday in sentencing. >> i see. >> now, you absolutely cannot cut him off, because, again, going back, under the constitution, this is a critical stage of the process. but chris, it's very important that most people did not pick up on that when he starred saying things about consent, that he wasn't torturing them, that he wasn't a sexual predator, he was bordering on violating the terms of the plea agreement and if it wasn't such a highly publicized case, i'm telling you most judges in this land may not have taken that plea. this may have all been for naught

seema mody live at cnbc world headquarters is here to talk about that plus a look at how futures are trading. >> good morning. let's start with that stock chart. shares of sysco in focus while profits in the most recent quarter rose on increased demand for its products, the san jose-based company is being cautious. ceo john chambers says they're cutting 5% of the workforce, the stock dropping 10% in after-hours trading. the dow fell by triple digits, closing at a one-month low and the lows of the sechlths investors are still concerned the fed may perhaps start to pull back or taper its massive bond-buying program in the next few months. that stimulus helped to keep interest rates low. today look ot for economic data on unemployment, consumer prices, manufacturing and housing as well as earnings from retail giant walmart. the dow falling 113 points and the nasdaq losing 15 in yesterday's trading. futures slightly lower across the board. >> seema, we'll keep our eye out for that. >>> keeping our eye on the sky, christina loren, we saw how foggy it was. we get the compressed marine laye

. >>> for your first look at business we turn to seema mody. >> stocks fell for the third time, the dow dropping triple digits on concern the fed may taper its massive bond-buying program which has helped keep interest rates low. >>> americans are better managing their money. household debt fell this spring to the lowest level since 2006 as more consumers are paying their bills on time. >>> watch shares of cisco systems today, mara, the stock dropped 10% last night after the tech bell reported disappointing earnings and cut 4,000 jobs. the ceo says the economy is still challenging. >> seema, thanks so much. >>> straight ahead, yanks alfonso soriano does something the babe never did. we have that coming up next. ] from the last day of school, back to the first. they're gonna take a lot of notes. so make sure they've got a notebook for every subject. this week only, get one subject notebooks for a penny. staples has it. staples. that was easy. ♪ now you can give yourself a kick in the rear! v8 v-fusion plus energy. natural energy from green tea plus fruits and veggies. need a little kick?

back over to you. >> all right, seema. thank you very much. some corporate news to tell about this hour. revlon is moving higher in today's trading session by 5.33%. the company buying colimer group which is a beauty care company that markets and sells professional products to salons. it's been a good year so far for revlon. it's up 75% year to date. and this ain't chicken feed. tyson's gaining some considerable ground in today's trading session. the poultry producer posting better than expected third quarter earnings and revenue boosted by strong chicken sales. the stock is up nearly 20% in the last three months. up better than 4% today alone. >>> cable vision is on the move but to the downside by just half a percent. ceo james dolan telling the "wall street journal" his company could eventually stop offering television service and make broadbandits primary product as more and more people watch television from the internet. the stock is up more than 30% year to date. ty? >> in the 2:00 p.m. time warner cable, its incoming president robert mar

we have seema and sunita still with us.dea of changing mandatory minimum sentences. >> well, you're talking about paul gosser, right, who was all up in eric holder's face after fast and furious went down, so he has his own political agenda and motivation. but, generally, it seems that conservatives are pretty happy about it because of the ridiculous amounts of money we'll be saving. >> right, what about prosecutors? in your job, does the idea of discretion change the way you do your job. when you're charging someone with a crime, do you have in the back of your mind, this is a low-level drug dealer, but if i change him with "x," the mandatory minimum kicks in. does that change the way you do your job? >> yes, because now on some level, the prosecutors have some discretion. because the amount of drugs won't be in the charging instrument. so at that point, the prosecutor is left to consider other factors like mission in terms of, is there community service, is there a program. but the prosecutor also has to look at, was the p

. >>> we turn to cnbc's seema mody. >> good morning. futures right now are higher after stocks ended mixed on monday. and light trading volume and on pretty much little market-moving news. today look for data out on retail sales, import prices and business inventories. >>> and americans are getting better about not racking up too much credit card debt. credit reporting agency transunion says the rate of late payments or those at least 90 days overdue fell this spring to the lowest level since 1994. >>> facebook can help you book that dinner reservation. the social networking site has teamed up with open table to let users get seats at their favorite restaurants through facebook's mobile app. mara, we'll have to try that out. >> yes. thanks, seema. >>> he may be 50 years old but he's still air jordan. richard lui will have that and all your sports headlines coming up next. ♪ now you can give yourself a kick in the rear! v8 v-fusion plus energy. natural energy from green tea plus fruits and veggies. need a little kick? ooh! could've had a

do apologize, seema and out of nasdaq there, believe it's the first drop. nasdaq has seen in six sessions, right? >> nasdaq has been on fire hitting fresh 13-year highs. today a slightly different story. biotech weighing on the composite. sales of its eye drug slowed in the second quarter. large-cap tech also underperforming. apple, google, ibm on a downgrade at credit suisse moving to the downside. cognizant tech, a bright spot in tech, an indian i.t. consulting firm, reporting better than expected results. sticking with tech, facebook shares closing above 39 a share and the stock has now gained 60% over the past month, although down today. facebook's market cap though of $95 billion is now three times that of yahoo! and almost double of hewlett-packard. mandy, back to you. >> thank you very much for that, seema mody. >> the retailers, more specifically what's going on with the group? nearly every retail stock is down today. courtney reagan joining us. what's happened today? >> brian, today's news divides the winners right down the losers along the party l

. >> i'll take it, seema. >>> emerging market fears. what does it mean for the u.s.? is your money better off now in the u.s. dee spite the tapering everybody figures is around the bend? more than $200 billion worth of investment advise from northern trust chief investment officer. we'll have that for you a little bit later. >>> meanwhile, two retail companies, one that is in trouble and one that was. but isn't. out with earnings. jcpenney reporting a loss of $1.16, wider than expected but not as wide as some had feared. wider than expected but not as wide as some had feared. best buy, given up for dead last year and is now at a two-year high in the stock market, look at that. continuing its turnaround. 32 cents a share profit in the second quarter, and the second quarter is not usually their best quarter, folks. easily beating street forecasts. courtney reagan who talked with best buy's ceo is here with more. mr. jolie has done a very pretty job, hasn't he? >> that's true. isn't that fun to say? well, so much for that retail blood bat bloodbath. wasn't quite so bad.

seema, thanks very much for the background story. i want to bring in will power who covers blackberry and has an underperform rating on it and its target price is 9 bufnlgts great to have you on the show and thanks for sticking around, herb. as seema was just reporting there, a sale process has not been launched, but nonetheless what, we see here is a board really having a radical change in its thinking. >> well, i think that -- that's problem possible. i haven't seen any real new details from the board specifically, but the bottom line is the company has to look at ways to create value so i don't think it will be a surprise to anybody if they have got everything on the table. look, the real question here is what are you buying at this point? got a company that has a brand that's under duress, not only in the u.s. but globally as you look at the onslaught created by android. hardware sales in decline and a services business accelerating to the downside so whether you go private or stay public you're still facing the same competitive

see seema, thanks. >>> and shares of facebook down.lammed down 3% backing off a milestone hit yesterday when the social giant reached a $100 billion evaluation for the first time. with today's decline the company is worth more than boeing, american express and 3m. is now a good time to pourp i i the shares? and with us, good afternoon. todd, start with you. walk us through the charts. what do you see? >> sure. facebook is a sentimental wonderful story. the nasdaq is rolling over. facebook will get hit. specifically we're at a level between 40 and 42 dollars, it's tech lick any facing resistant for three reasons. number one, the ipo price. 42 42.05. and the low in facebook since september 2012, form add night technical trend channel. testing the upper end of that channel right around $40. the third reason, and this is a little technical. the low that we saw in september, 2012, sparked an 85% rally. technically, about the legs, maybe the steam that facebook has to rally. you've reset, back into summer 2012. we've now done another 85% ral

thank you, seema. 5:16. jon and laura, did you see the tweet from the oakland a's, a picture of sean doolittle and ryan cookwaring google glass. they can wear it to practice but not games. they said they had great fun. at least one took a single picture. we'll continue to watch their twitter feeds to see if they make any use of them. >> wouldn't that be distracting. >> why would you want to wear that in practice or game. >> very subjective business looking cool. thanks a lot. ball players trying to take to it the next generation, robo first baseman. >> want to do what you can to keep cool today. >> temperatures rising. the a's were on a hot streak. hopefully it doesn't have anything to do with the google glass. we want one of our bay area baseball teams to go to the world series. 65 degrees in sunnyvale, 64 in san jose. look at your temperatures all across the bay area. you have an indication here with all of those mostly cloudy conditions out here and temperatures starting out in the 60s. it's going to be a

scott, my friend, back to you. >> seema, thank you much. the south bay's tivo announced a new device this morning, the romeo. spelled roameo. the device will allow you to stream what's on your iphone or ipad. my friend hairy mccrack en at time says it's the biggest development since it went high def. it can record 450 hours of television, record five shows at once while you watch a sixth. if you do that, tweet me the names of the shows, because if there are five shows on -- six simultaneously, i want to know about it. >> when do you even have time to go back and watch that? >> that's why you have to have 450 hours' worth. >> that's right. >> take a long vay kangsd chill out. >> i was so out of it. still catching up on "mad men," season three. >> let me tell you about this fire. first there was a fire and now flood concerns in idaho. thunderstorms forecast for today could trigger floods in the area where crews are battling that massive wildfire. so far it has scorched more than 100,000 acres and now threatens more than 10,000 homes along wit

. >> thank you, seema. >>> should investors put brakes on emerging markets like india? let's welcome back madigan. you did the perfect tease saying there were emerging markets you liked but we just heard seema. what do you think? >> it depends where. the thing we've talked to clients over the last year, year and a half is that all emerging markets are no longer created equal. part of the pressure points we've seen in the last three to six months is ironically etfs versus actual money and hot money versus etf. etf's sell a market. active management picks where they like the position and they don't. i would juxtapose your india story with a korea, singapore, taiwan, even china where fundamentals are radically different. you can't look at the asset class as one. >> there are many segments and pieces to it. >> yes. >> that being said, if you had to deploy capital as you do every day with your team of people, where are you finding value and how are you finding that value? is it in the debt? is it in the companies in those countries? how are you doing it? >> we're very boring

back over to you. >> thanks, seema. happy monday.have reports from all things digital, the new apple announcement. we'll take a look at that coming up. >> we'll look forward to that. thanks. >>> it's 5:15 right now. let's check in again with meteorologist christina loren. you say get ready for the heat. it is coming. >> it is coming. we have gone so long now without any extreme heat in the bay area. don't want it to catch you off guard. after all it's my job to prepare you for the day ahead. i can tell you right now winds are certainly going to play a factor in today's forecast. they're picking up right now, creating a bit of a windchill factor. overall gustiest winds on the east end of the bay area. temperatures will climb like this. right now in the 50s and 60s by about noon today. talking a return of the 70s and 80s. 78 in san jose. seven day outlook looks like this, 91 by wednesday, upper 90s by the end of the upcoming weekend. let's check the drive with mike. >> let me show you the map of the south bay. overall things are lookin

back to you, simon. >> thank you very much, seema.et's head to chicago and rick san tell did i at the cme for the bond report. rick? >> thanks, simon. we just got done with the 7-year note auction even though it was the best of three. it wasn't terrific, but in its entirety when options are done and supplies are out there, you get a post-supply rally that seems to be true. when you look today at the curve, 5's, 7's, 10's and 30's, i want one thing to jump into your brain. the further down the curve, the lower the yields are unchanged. so we had curve flattening on gdp and curve flattening when the yields go down faster. a dynamic we want to keep a very close eye on, and by the way, key levels of 274 and 275 key level. we're basically right there as well. sue, it's all yours. >> all rightrighty, i'll take i ricky. thank you very much. >>> fast food workers around the country are holding a national strike today, demanding higher wages. jackie deangelis is live in new york. she's been in the thick of things for us. hi, jackie. >> hey, su

so for more on business now, we turn to cnbc's seema mody. good morning. >> richard, the market comes off a down week with the dow snapping a six-week winning streak. investors will get data on retail sales, inflation, manufacturing, housing and the consumer. in other news, u.s. authorities are reportedly considering the rest of two former jpmorgan employees for their alleged role in hiding the bank's massive trading loss last year. reports say the u.s. is seeking to extradite the two men from london. >>> mark your calendar. apple is reportedly set to unveil the next iphone on september 10th. the smartphone would hit stores in time for the holiday shopping season. back to you. >> a lot of big expectations for that phone. >>> one of the largest and most iconic fireworks displays in the world. plus how usain bolt did. was he able to regain his title in sports headlines. >>> switzerland was bursting with one of the world's biggest fireworks displays. the 66-year tradition drew in over 500,000 spectators. the display marked the end of summer with

>> let's wring in jon fortt and seema mody from silicon valley. jon, let me start with you. what are you hearing that blackberry may ultimately may do? is it a go private situation? what does the smart money say? >> going private from a couple of people i've talked to today is actually not a bad option, but a lot of people don't care too much about blackberry. attention is on ios, on andrade, maybe even windows 8 windows phone. not on blackberry. the developer community has never really materialized in a significant way, though they have been trying to pump that up with blackberry 10. have almost 3 billion in cash and eke violence on the balance sheet. got to wonder what do you get for the other 2 billion if you're looking at this strategically. it's not hardware. is it something in software or the network? that's what people will have to suss out. >> seema, this seems to me to be an object lesson in the fact that you can never take your eye off of a stock or a company that you owner that you can't fall in love with a company that treated you well because five years ago this

for business, cnbc's seema mody. good morning. >> richard, futures right now are lower after stocks fell for a fourth straight day. treasury bond yields hit a two-year high undercutting stocks on rising concerns, higher borrowing costs if and when the fed raises interest rates could hurt the economy. and as college costs rise, so do the number of students receiving financial aid. a new report shows 71% of all undergrads got some type of aid in the 2011-2012 school year up from 66% four years earlier. more than 40% are receiving federal loans and grants. >>> the new iphone may be worth its weight in gold. apple will offer a gold tone version of the next iphone which is expected to be unveiled next month. it's a first new color for the device in years which currently comes in just black and white. richard, back to you. >> new phones. i hear galaxy is also coming out with a bigger phone. >>> bear attacks are on the rise around america. >>> plus all your sports highlights. you're watching "early today." >>> a 12-year-old

anyway, seema mody, thanks very much. >>> can you believe this? city in california is about to use eminent domain laws not to sweep away urban blight, but to score left wing political points with mortgage bailouts for a few at the expense of pensions, retirees and savers. this is statism and government intrusion at its worst. and it could go national. we'll debate next. ♪ [ male announcer ] you wait all year for summer. ♪ this summer was definitely worth the wait. ♪ summer's best event from cadillac. let summer try and pass you by. lease this all-new cadillac ats for around $299 per month or purchase for 0% apr for 60 months. come in now for the best offers of the model year. you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or u

seema has the story. over to you, seema. >> reporter: that's right.ckberry is warming up to the possibilitiest going private. no deal is imminent. however, it was still enough to get the street excited. the stock up about 6% today. keep in mind shares are still down roughly 90% from its peak in june 2008. that was when blackberry was one of the leaders in the smartphone space with more than 15% of the market. but now, blackberry's in fourth place with just 3%. that data according to idc. analysts say that's due to rising competition from apple and samsung and its new blackberry 10 products being too late to the game. that has led the street to speculate whether blackberry should go private. break up the company. or sell off its struggling smartphone business. although it may be too early, analysts at s&p capital iq expect management to wait until the company is further along in its turnaround strategy. blackberry says it's in part two of its three-part turnaround. its overall goal, being a leader in the mobile computing space. back to you. >> all righ

. >> good morning to seema mody. >>> investors worldwide continue to keep a wary eye on the situation in syria. the electronic army, a hacker group that supports the assad regime is claiming responsibility. the times quickly set up alternate sites to publish stories and twitter never lost service. >>> groupon is eyeing a network of warehouses to ship goods from its physical goods which sells memory foam pillows and appliances. >>> nissan wants you to sit back and relax. the japanese automaker plans to begin selling self-driving cars by 2020 for what it says are realistic prices. hmm, richard, back to you. >> i will take that i'm a pretty lazy person. >>> investors continue to keep an eye on the situation in syria. according to societe generale, oil prices could spike to $150 a barrel if military action is taken against syria and supply disruptions occur. burger ki burger king will offer a french f fryburger for a dollar septembers september 1st. bk employees will only have to add four french fries on top of the beef pattis and will bring the burger in at 360 calories with 19 grams of

. >>> now for business and cnbc's seema mody. good morning. >> richard, futures right now are lower after stocks fell for the third time in four days. the dow dropping by triple digits on continued concerns the fed may soon start to pull back or taper its massive bond-buying program which has helped to keep interest rates low. >>> americans are being better at managing their money. the fed says household debt fell this spring to the lowest level since 2006 as more consumers are paying their bills on time. >>> watch shares of cisco systems today. the stock dropped 10% last night after the tech bellwether reported disappointing earnings and cut 4,0$4,000 jobs. the ceo says the economy is still, quote, challenging. back over to you, richard. >>> american airlines heads to bankruptcy court today to fight for their merger with usairways. american believes the department of justice got this one wrong. they say the suit ignored a number of benefits of the merger. >>> famous and fabulous. that describes you. facebook may have an app just

back over to you. >> all right, seema, thank you very much. guest says what if blackberry is dead in its current form, and he told me that last december -- december 31, as well. can the company still manage to turn things around? that's the question. >> with us is that very guest, larry and taylor from tech crunch. larry, you're not optimistic. why is that? >> blackberry is dead. they cannot come back. they came out, they put it on the table with the bb-10. it failed. last time they came out with a product called the playbook, they wrote it for $500 million. they want to get out now because when the quarterly earnings come out, there will be huge writedowns on the current product. they're dead. they can't make it on their own. i believe microsoft comes in, takes them under at the 5 to 7 range, which is what i said back in december. i believe it will happen. >> colleen, i'm stubborn. i'm a blackberry devotee. i have two here. i get grief for it. i'm hanging in there. i know you like blackberry. i have to admit, it's a scary outlook for this com

back to you. >> all right, seema, thank you very much.o the bond market and rick santelli tracking the action at cme. rick? >> thanks, tyler. 1:00 eastern. had a fairly good auction of three-year notes. seemed to bring buying in, look at the intraday at 3 or 10s, all maturities are unchanged. now the dollar index, on the other hand, as you see on this chart is slipping. open the chart up to mid-june. we're about ready to test the close up 81.5. hasn't happened often. maybe technically significant. pay attention to this as the euro circulates 1.33. >> two big downgrades for two big blue chip chips and lingerie for the 1%. got to see it. why don't we take a look at some of the stocks taking a hit in profits. 800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's mos

seema mody live at cnbc world headquarters.as detail on that and the rest of the news before the bell. >> good morning to you. this is a very interesting story. let's start with apple. the stock had its second best day of the year, up 5%, here's why. after billionaire investor carl icahn tweeted he bought a sizable stake in the iphone maker. iphone says he had a friendly chat with tim cook urging him to return more of the company's cash to shareholders. he says the move has potential to push apple stock up as high as $700. futures are lower after stocks recovered from early losses on tuesday with the dow managing to avoid a three-day losing streak. data on wholesale inflation, producer prices, earnings from the likes of de. deere and cisco. coca-cola will run its first ads defending the safety of artificial sweeteners. it will run in the "atlanta-journal constitution" and "chicago tribune." coke is trying to stem falling sales of diet sodas which dropped 3% last year versus 1% decline for regular soda. the company says diet sod

kelly, back to you. >> all right, seema, thanks.le shares touching a four-month high, we asked, should you add it to your portfolio now? let's start talking numbers. on the technical side, carter joins us, from oppenheimer, and for the fundamentals, mark is an association investment director at the oxford club. guys, good afternoon. thanks for joining us. carter, let's start with you. >> sure. we like it. simple as that. and it has all of the hallmarks of we characterize a bearish too bullish reversal. the precondition is bearishness. and this is a stock having been quite bearish, 705 to 385, starting to bottom. when it made the plunging low in april of this past few months and then it ricochetted hard, when it came to approach the low again, it didn't make the new low. and now, again, well-defined series of higher lows outperforming the market, and people, we would argue, are trapped out, just as they were trapped in up at the highs. >> okay. mark, what's your take? >> yeah, normally, carter and i disagree, but this time he is righ

seema mody live at cnbc world headquarters with a look at that and how futures are trading. >> u.s. authorities are reportedly considering the arrest of two former jpmorgan employees for their alleged role in hiding the massive loss last year. the losses have topped $6 billion. reports say is the u.s. is seeking to expedite the two men from london. futures are lower, laura, as the markets come down a down week with the dow snapping a six-week winning streak. there will be data this week on retail sales, inflation, manufacturing, housing and the consumers have a busy week, the dow falling 72 points. the nasdaq losing nine. >>> the new iphone is coming. apple will unveil the next version at a special event on september 10th. the new iphone would hit stores in time for the holiday shopping season. earlier this summer reports said apple was personalitying with larger screens, running the new ios 7 software which the company began testing in june. >> waiting for the larger screens. >> that will fill up my stock fg that happens. >>> 4:46. christina loren is back with us to talk about our

we turn to seema mody. good morning. >> good morning. futures right now are lower after stocks nell for a fourth straight day. treasury bond yields hit a two year high undercutting stocks on rising concerns higher borrowing costs. if and when the fed raises interest rates could hurt will the economy. >>> and the number of students receiving financial aid has risen. 71% of all undergrads got some type of aid in the 2011 to 2012 school year. up from 66% four years earlier. more than 40% are receiving federal loans and grants. >>> and the new iphone may be worth its weight this gold. reports say apple will offer a gold tone version of the next iphone, which is expected to be unveiled next month. it's the first new color for the device in years which currently comes in just black and white. >> all right. all gold everything. thanks. >>> coming up, richard lui is here with all your sports highlights. we'll have the latest in sports. you're watching "first look" on msnbc. ing. ring. progresso. i just served my mother-in-law your chicken noodle

for more business headlines, we turn to seema mody.estors will get data on retail sales, manufacturing and the consumer. >>> and authorities are considering the arrest of two former jpmorgan chase employees in hiding the bank's massive trading loss last year. the u.s. is seeking to extradite the two men from london. >>> and mark your calendar. apple is reportedly set to unveil the next iphone on september 10th. the smartphone would hit in the holiday shopping season. >> thank you. >>> just ahead, one of the largest and most iconic fireworks displays in the world. >>> plus, richard louis is going to have all of your sports headlines. in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality.

for "nightly business report," i'm seema mody in new york. >>> joining us to talk about how investors can navigate through uncertainties from syria to oil to emerging markets, jeff with us tonight, chief market strategist. good to see you again. >> thanks for having me on. >> we built a worry for investors. should they be concerned? we're going into the fall. we didn't get the tapering. the possibility of a debt crisis. should investors be concerned? >> it's understandable why they might feel uncommitted with the fed committed to the tapering and the u.s. committed to military action in syria and fighting over the debt ceiling. those issues left investors on the sidelines. it took along time for inveps tors to get back to even after the losses five years ago and understandable it may be cautious here. we don't see a major pull back of 10 or 20%, maybe another 5 or 10% move, which maybe we're half way through already. investors that want a hedge in the portfolio, may look to gold, may look to oil as effective edges in their portfolio. they tend to go up when political risk rises but yo

seema mody is live at cnbc headquarters with more. seema. >> this is a big story on wall street.e reportedly considering the arrest of two former jpmorgan employees. as part of their investigation into the so-called london whale losses which have topped $6 billion. now, sources tell cnbc u.s. prosecutors are seeking the extradition of javier martin who worked in the bank's london office and was the trader's direct supervisor. the other person is julian grout who was a junior trader. reports say grout was responsible for recording the prices of positions on the books for jpmorgan's chief investment office. the timing of the arrests and extradition are reportedly unclear, and lawyers for martin and grout aren't commenting. cnbc has learned both are being represented by london law firm kingsley & naipley. he is cooperating with authorities and isn't expected to be charged, but his cooperation is essential to any arrest. now, the london whale losses have sparked multiple civil and criminal investigations as well as several congressional hearings. about a dozen jpmorgan employees have

seema mody is live with the very latest. seema? its second best day of the year, up 5% in yesterday's trade, after carl icahn tweeted tuesday afternoon he's bought a sizable stake in the company. the post sent out at 2:21 p.m. eastern time says, quote, we currently have a large position in apple. we believe the company to be extremely undervalued. spoke to tim cook today, more to come. reports say icahn's investment is worth more than a billion dollars. icahn later said his friendly chat with cook included a call to increase the company's stock buyback program. he says apple has the ability to do a $150 billion buyback now, by borrowing funds at 3%. apple confirms the conversation took place in april. apple bowed to pressure agreeing to return $100 billion to shareholders by the end of 2015. it is boosting its dividend by 15%, raising its share buyback program sixfold to $60 billion, one of the largest of its kind. icahn tells cnbc a large stock buyback is a no brainer for apple, and would enhance the stock tremendously. he believe

carol, back to you. >> seema, thank you very much for that.y there for a second. i wonder, silver lake said it is not interested in taking the company private. why would it be? why would it be willing to provide leverage given the very, very uncertain business outlook for the company? >> you know, blackberry still does have a footprint in the mobile computing space. they do still have a customer who does enjoy that physical keyboard that the blackberry device offers. that might be a reason a private equity firm might want to come in and some analysts say going private does make sense for blackberry as it will give the company breathing room to execute partnerships and really focus on its smartphone business. >> seema, thank you for that. >>> investors may get clues on the spending appetite of consumers today with the monthly retail sales report. we preview the trading day ahead. [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pur

seema mody with the details along with the rest of the news before the bell. good tuesday morning. >> good morning to you. futures right now are higher after stocks ended mixed on monday in light trading volume. look for data today on retail sales which could offer clues on the spending appetite of the consumer as well as import prices and business inventories. the dow slipping six points in yesterday's trade, the nasdaq rising by ten. facebook may be able to help you book that last-minute dinner reservation. gentlemen, listen up. the social networking site teamed up with open table to let users get seats at their favorite restaurants through facebook's mobile app. >>> warren buffett may be a modern day willy wonka. today is the last day to bit on an all you can eat tour of the cease candy factory. he bought the company in 1972. after the tour there will be a meet and greet with the billionaire investor who will show you the only acceptable way to eat a bon bon. the estimated value is $275,000. the current bid is $42,500. >> that's a big-time now. any time you