seema mody has the details. good morning, seema. >> good morning.t's definitely a story we're watching today. bank of america is in talk to settle probes by the justice department and several u.s. states over its shoddy mortgage practices and could pay $12 billion. 5 million is expected to go to consumer relief in reducing homeowner principal balances. in other news, a check on the markets, futures are higher after stocks rallied on thursday on the back of the decision by the european central branch. the may jobs report is expected to show another solid month of hiring. the economy is forecasted to add $220,000 jobs and unemployment to tick up to 6.4%. nasdaq was up 44 in yesterday's trade. target is targeting millennials with a new focus on digital and mobile initiatives. this replaces kiosks with ipads and same-day delivering with online orders. back to you. >> seema, thank you. appreciate it. >>> take a look at this. a couple's truck was struck by lightning right there in canada. al and betty perry said it sounded like a sonic boom. the fireball

seema is at the nasdaq. looking at the biggest winners and losers and what to expect going forward. >> that is right. the rebound of social media and internet stocks hedge the nasdaq close out the month with a gain, but you know, it's the russell 2,000 that is really catching the attention of traders now on track for its best monthly performance in 2014. oppenheimer says a couple of drivers here. first, the realization that the index had been oversold after that big drop we saw in small caps earlier this year. second is m and a activity, a catalyst as large caps in tech and pharma have been shopping for smaller cap names add strategic value. third is evidence the economy is improving, looking forward, citi says signs of improving, economic activity set the stage for an earnings pickup, sequentially and year-over-year for the small caps, although they do say that valuation still remains a concern. sue, we have seen this big move in the last monthen the russell 2,000 is only up about 2% for the year, while the

good morning, seema. >> good morning. futures lower after stocks rally for a fourth straight day on monday with the dow and s&p 500 hitting new record highs. the dow 57 points away from 17,000. investors continue to way the strength of the economy and future moves from the fed. today look for data on wholesale trade. >>> accidentally released its new slingshot app before taking it down hours later. messages disappear after a short time. users can only see messages if they decide to respond and can draw on photos or attach captions. back over to you. >> thank you very much, seema. we'll see you later this morning. >>> our own christina loren pulled double doing bringing us the forecast and then hitting the links. catholic charities golf tournament even sporting matching golf shoes. and this year's fund-raiser was at the cinnibar golf club in san jose. . it looked like you didn't enjoy yourself but at all, christina. >> no, just a little bit of fun, just a little bit of fun. what a great cause. 100 degrees, not ideal for th

seema mody is in times square, bob is here at the exchange. bob, we're coming off our lows, so we could see green at some point? >> we could. in fact the trend was to the up side, but we had one of those -- and that's oil. a look at brent, this is what'sing going on recently. brent moving up late in the morning, and then that tends to have an effect on the market. take a look at the s&p 500. it doesn't have a dramatic movement. these are thin markets. so the s&p 500 that was trading up at the open, moved down, and you can see it's just now right this second going into positive territory. when they had this effect with brent moving to the up side suddenly, you get a predictable series of events. airlines immediately start dropping. they all moved to the down side. that's predictable. another predictable thing, natural gas stocks. any energy-related group moves up. there's your market leaders in some of the energy group. one of the things that bearing watching, is bank stocks have been weak to also move to the up side. banks, though, not related

seema? >> another down day for the nasdaq.y is topping or list, one of the key decliners on news its head of paypal is leaving to join facebook. i've been speaking to analysts who consider this a gain for facebook and loss for ebay. coupe is notes.com, a another big mover, analysts over there pointing out that the stock has run up over 60% since early may, while the interset sector is up only 11%, so valuation coming in as a concern for analysts, also referred to as the twitter of china, that stock is on the move, credit sweet putting out a bullish note. analysts forecast a bick jump, plus as strong -- as a driver of user engagement. speaking of chinese internet ipos, let's look at how some stock has performed. waibo up about 14%, and a pop you are lard chinese travel company up, and obvious referred to to as the amazon of china, that stock is up. wile we've seen choppyness in the ipo market this year, chinese internet stocks have performed relatively well. this ahead of ali baba, expected to go public later this summer. sue a

. >>> let's get down to business with cnbc's seema mody. good morning to you, seema, on this monday. >> here's a top story on our ray dab. gm will announce the terms of a compensation fund for victims of crashes linked to faulty ignition switches. ceo mary barra has said there will be no cap on payments and gm will have no say on how much kenneth feinberg can award. >>> nearly half of americans say they could not go a day without their smartphone. the numbers are even higher among young people. about 90% view their phone as more important than deodorant or their toothbrush. >>> facebook users are outraged following reports the site conducted an experiment in 2012, manipulating what they saw in their news feeds. people shown fewer positive words were found to write more negative posts and vice versa. this is raising concerns about privacy. richard? >> so seema, we're going to see posts about deodorant and toothbrushes on facebook is what you're saying. >> that could be likely. >>> stories making news this morning. pop. that was the sound pas

good morning, seema. >> good morning, laura.he dow and the s&p posting their worst day in three weeks while the nasdaq had its biggest decline in two. traders point to the world bank and we do get data out on unemployment, retail sales and be sure to watch out for that and the dow dropping 102 points and nasdaq losing six. >>> at&t plans to defend its takeover of directv in a filing with the sec. at&t says the only way the companies can compete with the proposed comcast/time warner merger. the filing says directv is currently unable to offer high-speed internet while they only provide u-verse service in a few markets. >>> and starbucks wants to help you literally recharge your batteries. the coffee change is teaming up with duracell to roll out phone charging nationwide and starbucks tested in boston and san jose and must have an external battery or phone case with a supplemental battery. laura? >> charge up your battery, charge up your phone. sound good. >>> let's see how the weather will charge things up. let's check in with c

seema modi with cnbc.now your nbc 10 first alert weather. >> clouds are moving through the area this morning. but no showers associated with these clouds. they'll be here to start with and then take off this afternoon. the temperatures, they'll be moving up, too. 67 degrees. right now at nbc 10, there's a cloudy view from the melon bank building in center city. katy zachry is watching traffic. good morning. >> we are taking a live look right now in chester county. this is a look at 422 at trooper road. volume is increasing. it's that magic half hour around 5:30. coming up, we'll take a live look at the other majors throughout the area and a look at the lehigh valley. >> right now at 5:26 we're following breaking news. this just in from feltonville where a telephone pole is on fire. this is a live picture from the scene. the pole is about 15 feet in the air.the fire department and peco are both responding to that fire. >>> nbc 10's jesse gary is live in homesburg. >> police have gathered behind me with spec

seema has the view there on semiconductor. dom, you're looking at social media, the stealth rally of the dam? itches a lot of investors have been so intently focused like utilities on one hand. they have been leading the s&p higher, but even richer rewards have come from the stealth rally, after taking a huge -- traders have been -- enough of an up trend to even call some of them in a bull market again. the ticker here is socl. after losing nearly a third of its value on an intraday base, it's now up about 20% since then. some call it bull market territory. show some even better returns. check on the linked in, up over 20% dun the slow -- it still needs another 50-plus percent rally to get back to its report high. facebook is another gainer, up 23% since its recent lows, and it just needs another 8% to get back to fresh record highs. twitter has gained nearly 40% since its recent lows, and it's gone back up above $40 a share. same story here with internet radio company pandora. it's got a long way to go before getting back to

what do you think, seema? >> sue, it's all about the economy., experts say there's two economic data points that could potential provide a lift to consumer discretionary stocks. i have that report and toddata, next. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. [ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, if hp big data solutions can keep wireless customers smiling, imagine what they can do for yours. make it matter. imagine what they can do f

hi, seema. >> take a look at apple.ng above $640 a share in today's trade, the first time since october 2012. now, semiconductor stocks, companies that power apple and other tech giants, those stocks also continue to move to the upside. broadcom up about 14% just this week after it's exploring strategic opportunities, broadcom among other chip stocks, fueling the index, which is outperforming the nasdaq composite. a lot of traders watching that divergence, speaking with large-cap tech, and here's why, reuters fighting sources reporting that india may ease restrictions to foreign online retailers, which could allow them to sell their own products to indians consumers, which analysts say could be a big opportunity for these companies, sue and tyler? >> absolutely. thanks, seema. >>> to the bond market now, ahead of that meeting tomorrow where everybody is anticipating perhaps not only a cut in rates about other things. rick, over to you. >> plus all the other things that nobody could figure out at this point in time. it's

back over to you. >> seema, thank you very much.t's look at where gold prices are going to finish the day and the week. there you see down just the ever so slightest amount at $1252 an hour. silver lower by about half a person, copper down at $3.05, down about 1.1%. palladium the lone in the green right now at $844.85. platinum also lower. there's your metals check. let's go to rick santelli. hi, rick. >> good morning, tyler, we're digesting the number, the fact we're unchanged in tens, about you lower than last time. remember, the recession officially ended in june of '09, and it's taken all this time to get the jobs back we lost in the recession. it takes so much longer, and that's one of the issues that the treasury market is telling us, look at yields intraday unchanged, we are down about 9 1/2, 10 basis points on the week. if we look at the most important chart in my pin it's the bunds verse tens. you see on the intraday, it's widened out to 123. you have to go back to 1999, almost 15, 1-5 years ago, to see a wider relationship

seema mody has the latest, and also a look at what other companies could be next to supply. seema?ight, to figure out which stocks could be next to split, let's talk about the most expensive. primeline, gram holdings and google. high price alone doesn't necessarily mean a stock split is coming. howard siloblat says in addition to being a highly price sought, they could be ways to broaden the shareholder base. and amazon, as likely candidates, but keep in mind stock splits aren't that popular these days in 2013. we saw 14 companies split their stock compared to 37 in the year 2006, but because of the decline in stock splits, the average price of a stock on the s&p 500 has nearly doubled. current average, $81, up from $41 in the early 2000s. so far this year, five companies, not include apple have supplied, three of which are trading lower. back oirch to you. >> let's go back up to dom chu. >> so, sue, check out what's happening with converse. this is a software provider, and it's reporting a wider first-quarter loss. it lost 14 cents a share in the same period last year. they're cit

good morning, seema. >> futures lower after stocks rallied for a fourth straight day on monday afterthe dow and s&p 500 hitting new record highs. 57 points away from 17,000. investors continue to weigh the strength of the economy and future moves by the fed. look for data today on wholesale trade. in other news gm hold its annual shareholder meeting in detroit. ceo mary barra will brief the media and then talk with investors. may be confronted by the families of victims killed or injured linked to faulty ignition switches. gm owners would want to know how much the recall could ultimately cost. it could range between 5 billion and $7 billion. >> thank you very much, seema. >>> e3 video game conference opens in las vegas this morning, but some companies are also previewing their upcoming games. redwood city revealing the new sims 4 video game. during the preview the company created a president obama character and then showed off what the character would look like dancing in that new video game. well, we've seen him on various late night shows. i think he's a better dancer than that. >>

seema mody following the big movers out there. seema? >> hi, tyler. the headlines out of europe are certainly providing a nice lift to stocks. the nasdaq, remember, any macroeconomic concerns whether it be ukraine or the ecb decision, typically never good for technology stocks which is seen as a risk-averse sector. but tech stocks in today's trade moving to the upside. in fact, amazon, the biggest mover on the nasdaq 100, the biggest winner i should say on the nasdaq 100, excitement ahead of its product announcement on june 18th. speculation it may be a smartphone. whole foods, illumina. old tech, microsoft moving to the upside. the plans for the company, focus on cloud, windows to mobile. and then there's two individual tech movers. siennee ciena. it got a nice boost from international markets and analysts also talking about its recent entrance into the cybersecurity market. that stock moving in today's trade. back to you, tyler. >> seema, thank you. >>> dialing into a major telecom deal. what does it mean for the sector and consumers? morgan brennan

seema mody is at the nasdaq marketsite. what's the deal, seema? >> tyler, that's right.ending beyond travel with its acquisition of open table. this is a $2.6 billion deal. shares of the restaurant reservation site soaring in today's trade, up about 48%. speculation on which online booking company could be acquired next is providing a lift to some of the other stocks in this space. let's run through some of the names. yelp, which is more of an online review service. a big mover in today's trade. grub hub, a site used to order takeout, delivery, and read restaurant reviews. it went public earlier this year. that stock up about 8%. and groupon, a marketplace for retailers and merchants to offer deals. also higher on the day. buyout speculation helping shares move to the up side. i was speaking to one analyst who said it's clear that with this acquisition of open table that priceline is focused on creating this comprehensive booking experience for its customers. it will be interesting to see, guys, if other internet companies follow priceline's lead and also find value or m

seema. >> that's right.being a wearable device maker, gopro capitalizing on user-generated content. that being the big opportunity for gopro going forward. its video has trached more than one billion views in the first quarter. a big following for gopro. wall street, of course, seems to like its story. raising ruoughly $27 million. it plans to use its proceeds to grow its content business and pay debt. gopro is one of the first u.s. consumer electronic companies to go public since head maker skull candy in 2011. woodman is the current ceo and after going public, woodman still own as third of the company. a self-made billionaire. bill and kelly? >> thank you. not a bad debut, bill, today. what else is moving markets? bertha coombs is moving markets. >> two tax stories lead our stories. iron mountain soaring after the irs moved for the plans to become a real estate investment trust. as a result, iron mountain is upping its full year guidance. meanwhile shares of biotech, qlt, they announced they will buy the c

seema moody is here with the details. >> that's right. the average pay for the top 200 highest paid ceos rose 6% last year to 20.7 million dollars. that's according to a study by compensation research firm aquilar. while pay packages may seem a bit excessive, changes in the way ceo pay is determined is improving the odds the top execs are earning the moment due to more independent pay levels and a rise in the portion of pay-base performance. some of the notable names is oracle's larry ellison and. the top energy pay went to the energy ceo who made more than half cheniere's revenue. the company's proxy statement says his large share award was for meeting targets connected with the building of cooling facilities that make transporting natural gas more economical. four of the top ceos are from the tech sector as they award execs with top action grants. the top two are women, one is from united technologies at $38.2 million. and the highest paid new ceo was don matrick of zynga. he was awarded for his efforts with two-thirds of the pack age i

seema, thank you very much. >>> in the meantime while u.s. markets keep pushing to new all-time highs, a dlan in a major stock market in the middle east has some international investors jittery. >>> our bob pisani has the details. >>> that's the biggest since august, now shares in dubai builder arab tech holding, take a look, drop 10% after the company confirmed staff layoffs. arab tech is one of the biggest builders, one of the most heavily traded stocks. the dubai, of course, is famous for the huge development known as the palm islands build by dubai world, the investment arm of the government. it also owns the p-world one of the largest marine terminal operators in the world. the, first there's enormous amounts of money tied up in the -- second, there's been considerable investment in companies in the middle east, tick laically of united arab emirates by u.s. investors. and into frontier markets like nigeria and the middle east. >>> you see the decline there. on top of that, many etfs, including the eem, the largest emerging market etf, no

>> you've got a lot to give us to think about there, seema. jim cramer will help us through this hour. now or tech reporter joins us as well. let's talk about this split. i have ran done money 101 type of questions, if today you have to be an owner of record, the stock splits friday. if i put in an order today for apple shares. >> if you buy it today you're fine. >> it doesn't have to clear and close. >> no, but what -- one of the things i did this huge analysis that was -- more futile than watching the phillies play the mets. >> i know that is real play. >> go back another five years, go back another five years. it has been so inconclusive what happens after a split. there is simp ly. >> more than two shares, more than three shares, your reaction is. >>> the dow jones industrial average would never have them in the at $600. at $90 shares it becomes possible. if they're put into the dow, does it matter? >> no, but people will think it did. there is not a lot of money indetentioned to the dow. it's always about how much money is an spx fund. yo

seema mody is looking at what's driving the rebound for us. >> hi, sue. that's right. after trading near correction territory, the russell 2000 has been staging a major comeback, outperforming the s&p 500 and the nasdaq over the past one month, so what's driving this rebound? well, market participants i spoke to track the russell as well as small-cap stocks, a drop in price earlier this year is being seen by some as a good buying opportunity many of the stocks are on mistically identix, and open table being acquired by priceline. we also screened for stocks in the russell 200 that had gained momentum and still trading at an attractive average. blooming brands, and supervalu, though an analyst was cautious, saying it's still in the early innings of the turnaround strategy. >> i spot to an fort folio manager and he said the rally is overextended, in that you may see investors start to take money off the table. >> seema, thank you. so as stocks hit new all-time highs, the fear index interestingly is hitting seven-year lows, down about 23% so far this year, jim iuorio is h

>> seema, thank you very much. mary?> coming off the highs of the day, germany is seen as japan's mitsubishi heavy industry are set to make a joint offer. this would counter the bid for the assets of the french firm. and would have the french government taking a stake in al strom. you can see shares recover from the lows of the session. back to you, tyler. >> mary, thank you very much. >>> get ready for higher interest rates. rates in the uk could rise sooner than financial markets suspect. a surprising warning that monetary policy may start to tighten just a bit in the coming months, but it is markets are still trying to decipher exactly what mr. carney meant. most economy experts expect them to increase in the second quarter of next year. the big question here, would the fed follow. european markets under pressure today, following that rate talk. the uk ftse down about 66 points, the british pound hitting a one-year high against the dollar. sue? >> well, ty, jim cramer advocating a little caution. here's jieff morrow o

back to you. >> thanks for that, seema. >>> bitcoin, meet college football.e in st. petersburg, florida, the brady's bowl for the past few years. starting next season, that game will become the bitcoin st. petersburg bowl. the first-ever major bitcoin sports deal and it comes after bitcoin payment processor bitpay signed a sponsorship deal with espn. a look at the official logo for the game. sent to us by bitpay. looks fairly straightforward. looks like other bowl game logos. the game will air on espn. buy tickets and merchandise with bitcoin, through bitpay's processing sevrv servicer, and bitcoin will go away. sponsorship 4r56lasts through 2. around 24r50e69 until then. >> like the skyscraper index. soon at the company logo goes on the stadium, it's time to sell. >> but it's not a stadium logo. kind of like -- doesn't frito's have a bowl -- >> frito-lay? >> bowl game name. >> tostito's. >> i know, my alma mater sometimes make a -- the belk bowl, the tire bowl, i forget what else. >> you would remember if it was the bitcoin bowl. the point of this whole ente

seema has the details at the nasdaq. seema? >> after a volatile couple of months where social media and internet stock, so-called momentum names, they are staging a comeback over the past one month. facebook, pandora and twitter up over the past month. some analysts say the drop in price has helped reset valuation and now look more attractive at these levels. amazon another comeback name up about 8%. we started to see shares pick up right around the time that investors learned there would be an announcement. that, of course, we learned would be the amazon smartphone. netflix shares rebounding up 10% over the past one month, trading above the $440 mark and in terms of how these stocks stand for the year, netflix and facebook up double digits in 2014. pandora up 8% and twitter still down 35% so far this year, so while twitter shares have, yes, staged a comeback over the past one month it's still down quite a lot on the year. though barclay's this morning did put out a bullish note citing strong ad shares. other market participant

seema, over to you. >> courtney, watching markets, getting a lot of attention today. the second largest ipo at the nasdaq this year. financial data analysis player, which competes with bloomberg, thompson, reuters and given the regulatory environment in the marketplace. i caught up downstairs said the market is ep hadding customers meet requirements. but point the out, one. services market offers. started with offering transparency to the credit default swap space and slowly became a fully diversified data analysis portal or company, if you will, for its clients. many of which are buy side, sell side as well as banks. in terms of how big the financial data space is according to brit and taylor a $25 billion market that is growing, and investors see the opportunity here. market raised its ipo size due to heightened demand. currently trading up 11% on its first day of trade. back to you. >> seema, i'll take it. >>> done a little research and reporting on market. they're not only attempting to replace wall street, data strongholds like thomson reuters, like the bloomberg

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good morning seema. >> good morning. and futures are looking at records that were hit on friday showing slow and steady growth. the dow, nasdaq and s&p 500 turned in three weeks of gains. today we'll watch whether the markets continue to gape this week. keep an eye on retail sales. those are showing the dow rising 88 points on friday. the nasdaq adding 25. >>> tyson foods wins the battle over breakfast sausage. they will pay $7.7 billion to buy hillshire brands. this tops a bid by pilgrim's pride by more than a billion dollars. the offers come after hillshire agreed to buy pinnacle foods, the maker of birds eye vegetables for $4 million. >>> firefighters in oregon are battling two fast-moving wildfires near the city of bend. this is time lapse of the two-bolt fire that has turned almost 6200 acres. the fire started saturday and is threatening 40 homes in the area. with the help of helicopters and planes firefighters were able to contain the fire over the weekend, but experts expect the wind to pick up later today and tue

. >>> seema mody, what's going on? >> carl, we are slightly lower on the day. stocks are weighing on the nasdaq. pacific crest downgraded and nvidia, weak consumer pc demand. the analyst writing that a recent asia trip revealed that all may not be as peachy as it seems in pc land. now, sticking to the semi space, micron tech shares have been in rally mode. ahead of its earnings report, we're looking at the stock slightly higher on the day. investors have been taking note of the rebound. goldman sachs put out a note saying semi stocks are in, quote, dangerous territory and that the market is overemphasizing the good news and ignoring the bad news. we'll have to see if the chips are due for a pause or if earnings will reconfirm the bullish case. lastly, blackberry shares move to the upside after reporting better than expected earnings last week. pacific crest upgrading that stock. we're looking at blackberry up about 27% over the last one week, carl. >> all right, seema, thank you very much for that. >>> preparation is meeting opportunity at spotify. quartz is re

a big trend we've been seeing these days. >> seema, thank you.t joins two others, now the four ipos so far trading this morning. at least three are positive. coming up on cnbc's disruptor 50 list. last year's rent the runway continues to have success in the e-commerce space. is it enough to make the list this year? the co-founder will join us in just a bit. plus if you believe the rumors google is about to buy this company for a billion dollars. the founder of twitch on those rumors and why people are spending time watching other people play video games. >>> and amazon's spotify killer? we're going behind the company's new push into the streaming music business. you're watching "squawk alley." we're back in two. white chocolate lovers don't like dark chocolate. milk chocolate lovers don't necessarily like dark or white. before we couldn't really allow the consumer to customize their preferred chocolate. we needed the scalable cloud solution allowing them to see all 800 products and select what they are looking for. now there is endless opportunit

seema mody with all the details. good morning, seema. >> that's right.orts say phil mickelson, the five-time major winner was not involved in insider trader of clorox shares. when carl icahn was attempting a takeover in 2011. among the stocks the fbi and s.e.c. are examining as part of a three-year probe of mickelson and walters. the "new york times" reports icahn and walters remain under investigation and the fbi has told mickelson, it's seeking information from him about walters and has no plans to file criminal charges against him. agents have twice approached mickelson at new jersey's airport and a golf tournament. they believe icahn may have shared details about his stock bid with walters who later passed the information to mickelson. he has denied any wrong doing and says he's cooperating with the government. icahn and walters insist they've never shared inside information. >>> "the times" reports mickelson is not in the clear over separate trades in the summer of 2012. those trades generated more than $15 million in proceeds for walters and nearly

seema mody has been following that story and has the latest now. what do you see as a key take away for investors on the report? >> this is a disappointing report from oracle. sales coming in lower than expected. keep in mind, large cap text stocks like oracle have been in favor. oracle up about 8% over the past six months but due to the disappointing report, specifically about softer licenses, you're seeing investors question the investment thesis around it. the bold are saying oracle is sitting on cash, offering dividend and buying back stocks. that is a reason to stick with them some experts say expect to the debate come back whether it's a good investment, back to you. >> oracle and sap are two companies that battle it out over day in the business world. we'll compare them in the ultimate stock cup. that's a little later in the program tonight. >>> a big sell off in coach after the retailer gave a gloom my outlook. at the investor day meeting today in new york city, coach expects revenue to decline in the low double digits for fiscal 2015. coac

for a look at how the futures are trading, we'll turn to seema moody live at cnbc headquarters.ood morning. >> reporter: scott, good morning. futures right now are flat after stocks hit record highs on friday following the jobs report. we show a slow but steady hiring growth. the dow, nasdaq and s&p are seeing slow gains. look for reports on retail sales and inflation. those will likely be market movers to watch out. the dow raising 88 points and the nasdaq adding 25 on friday. >>> tesla is upgrading the s-model sedan as the carmaker awaits the new model of the car next year. tesla will automatically update navigation software to steer you around traffic jams. later the model-s gets a more comfortable driver seat and tesla is working on a self-driving feature that works like autopilot on the jet but you have to still pay attention to the road. >>> and video game enthusiasts descend on los angeles for the annual electronic entertainment expo or e3. microsoft is expected to cut the price of the xbox one console lagging behind the sales of sony's ps4. and halo 5 could be viewed whi

seema mody is here to explain in the cnbc business news. >> tracy, tesla is upgrading its model s sedannext year. it will update software that will allow the navigation to steer you around traffic jams. later this year the model s will get a more comfortable driver's seat and working on a self driving feature that works like auto pilot on a jet though you have to pay attention to the road. sounds cool. >> it does. thanks. >>> clouds and showers this morning and we're looking at plenty of rainfall expected by the afternoon. maybe even the rest of this week. outside right now, the clouds hanging around throughout much of your monday. we'll talk about how long showers will be around. >> and good morning. i'm jillian mele in the traffic center. the route 30 buy pass looking good, it's quiet, 202 is clear so. is 422, and 95 is good but later tonight that could be a different story. right, chris? >> right. happening today it's the start of the traffic headache that could last not months but years. >> katy is live along 95 to explain. >> reporter: more construction is beginning on i-95 in a ve

that will be one to watch. >> seema, plenty to keep you busy.the recap at this hour. >>> with ten minutes until the close, the dow has managed to turn positive. s&p if it closes here will be at a new high. the nasdaq is still perhaps under the deluge of offerings, down about five. >>> good time to mention why i'm here at headquarters. >> coming up tonight, watch bill on pbs. >> netflix is signing comedian chelsea handler to host a late night style talk show. will it work in the increasingly popular world of on-demand viewing? that's the question that we'll try to answer and ponder at the very least coming up on "closing bell." >>> welcome back as we head toward the close, about seven minutes left. the dow is five points higher, nasdaq fractionally higher. on a day when we get this fractional gain and gold is skyrocketing, bruno, does that trouble you? does it encourage you? what do you think of that? >> well, we're seeing a lot of geopolitical risk out of the middle east. you are seeing some of the speak about the fed and inflation. that's a nat

seema mody, as you can see, is here to give us details. >> bill, that's right. over the state of the consumer have dragged down the consumer discretionary sector, and some of the biggest losers include bed bath & beyond, best buy and staples, all of which have been hurt by bad weather as well as online competition. but can the sector stage a comeback? well, experts say it really depends on the economy. steven wood of russell investments says a slack in the labor market has posed a significant challenge for consumers. and when it comes to the economy, analysts at "morningstar" say analysts are watching wage growth and home prices to gauge consumers' willingness to spend more on products. now, upcoming earnings will also play a critical role as the two previous reports were clouded by bad weather, but estimates have come down a lot to 6.1% from 13% earlier this year. that according to thomas qulon ro thomson reuters. keep an eye on carnival, bed bath & beyond and nike. >> seema, thank you for now. 10 minutes until the close. and on this monday, it looks like it's

>> seema, thank you for that. we have more coming up on the program including a trip to the movies.ginal cost but some of the original machines win big at the box office over the weekend. more details, next. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates. makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter.com/offer2. >>> "transformers: age of extinction" took in $100 million in its first debut. the fourth movie in the "transformers" franchise is an improvement including international sales with $209 million with $19 million from china, the biggest opening for a foreign flick. >>> well, the u.s. f

>> seema, good to see you.s afternoon. >>> coming up on "worldwide exchange," mary barra will have investors in the rearview mirror as she faces the families of victims at the gm shareholders meeting. the details in a second. >>> gm ceo mary barra will be meeting with families of victims killed in crashes linked to faulty ignition switches at a shareholder meeting later today. joining me on the line from shanghai is paul ingassia. what do you think the day will have in store? >> there will be drama, louisa, far beyond the annual meeting of shareholders in any company. a lot of emotion. what's amazing to me, though, is that this whole episode has unfolded, general motors hasn't really been hurt in the two places that would be very telling, that is its sales in the united states or its stock price, both of which have held up remarkably well during this whole episode. >> do you think that we're going to be -- are we going to be hearing more about the potential costs of this? >> well, they might give an updated fig

back to you. >> seema, thank you very much.er has extended an olive branch to the london taxi industry by announcing a black cab option for the app. this as taxi drivers across europe, they're protesting what they're calling a lack of regulation of the app-based cab service. the u.s.-backed group will see demonstrations against this business model taking various forms across the region. in london, black cabbies will be converging on trafalgar square. in berlin they're set to meet at several locations at noon local time and in paris, they're having what's been called escargot operations, a slow pace of transportation through the city. with us, jo bertram. >> thank you. >> on this day, you are releasing a statement saying you're welcome to join us to the black cabs. >> absolutely. uber is all about choice for the consumers and the drivers. our consumers have welcomed uber here in london. black taxis are an icon of london and we want to offer that option to our consumers as well. >> have you had indications of interest from black

up town to the nasdaq where seema mody is following the stocks. >> off of our lows now.ing a little bit of a intraday comeback thanks to big movers in the tech space. applied early thises, jeffries initiating coverage of a buy rating citing industry consolidation, 3-d chips and the furnish of man flash memory. broadcom upgraded to buy. now, a lot of focus on not just apple, but the broader apple ecosystem. morgan stanley says expect upside and services revenue. on the losing side, casino stocks getting slammed as analysts point to worrying signs out of macau. >>> the gold market is closing. with the auto sales reports, we have seen a pop in other markets. the palladium market is up today. the copper market giving back. and co-max gold up just a fraction. let's check in on interest rates to the bond market where rick santelli is tracking the action. >> if yes look at the chart of tens, we're up and, yes, we're continuing to have a formation staircase where once we get above the previous day's yields, we see that we continue to see more selling. open the chart up, to early

. >>> seema mody is at the cnbc headquarters. want to go to lunch? >> good morning. futures are higher after the new round of economic stimulus efforts. dow and s&p closing with record highs. can you believe it? forecast calls for the economy to have added 210,000 jobs last month, the fourth straight month above 200,000 and for unemployment to tick up to 4.4%, reflecting that more people are starting to look for work again. nasdaq is up 44. back to you. >> thank you very much. >>> the golden state could produce its first ever triple crown ever. it will race in tomorrow's belmont stakes. >> i'm so excited for this. california chrome has bay area to thank for that success. good morning, bob. >> reporter: good morning to you there, laura and sam. california chrome never raced here in the bay area at golden gate fields but those behind this racing sensation has spent a lot of time at this track along the albany shoreline. this is california chrome's trainer. this was eight meetings between 2001 and 2007 and then moved to so cal in 2008 but his son steve operates it. the

>> seema mody joins us now with this special report. >> that's right. the answer really depends on the companies' products and services. european travel market, for example, has been recovering and that's been a positive for online travel player priceline. analysts say going forward growth from bookings.com, its european hotel booking site, will continue to provide a lift to earnings. a different story though for garman given its strong consumer business, stiff competition from >> tom:. they expect europe to be a headwind. while harmon international recently raised its forecast, the reason there, stronger demand for its audio systems from european luxury carmakers. auto desk while the rise in construction in europe has been a boon for the company because it focuses on architectural design, ubs says expect europe to be a headwind for the company because these new contracts won't be recognized in the near term. when it comes to being a vaccen. given their focus on cost cutting issues, they are faring well. some companies are being hurt by the weak europea

checking on the big movers on the nasdaq, seema mody is watching. >> broad com, the stock has been ont it is exploring strategic alternatives for the cellular business. drexel hamilton upgrading to a buy. googlele, amazon and ebay in focus. india is likely to allow foreign online retailers to sell their products as soon as next month which analysts say could be a multi billion dollar opportunity for the companies. that under the leadership of newly elected prime minister. a story i have been tracking closely. a quick mover, fuel cell energy. there is a lot of excitement around clean tech, alternative energy. due to disappointing earnings, fuel cell tading lower. down about 8%. back to you. >> thank you very much. let's get to the cnb group in chicago. back above 2.6. hey, rick. >> by a whisker, yes. close to 261. this 16 basis point move in treasuries from a low yield close of 2.44 to the current level just shy of 261. it's creating a lot out there. let's think about it. we have maybe the most important ecb meeting tomorrow morning. we had a jobs number today in adp and the big enchil

>> all right, seema, thank you very much. 15 minutes left in the trading session here.do you think, finish positive for the dow? it's the only one of the major averages still negative, but just by a fraction right now. >> we're watching it closely, that's for sure. i can feel the anticipation building in here, by the way. >> is that what i'm feeling? >> yes. it's not just that friday feeling. much more ahead on the markets is coming up, including bill miller, and how about cruising in on one of these this summer? there it is. the ceo of thor industries, he's going to tell us if he sees a jump in consumer spending on big-ticket items. and we might just, well, maybe we'll circle the block in this baby. we'll be right back. >> i'd like to see you take that down broad street. >> i want to live in that. she keeps you on your toes. you wouldn't have it any other way. but your erectile dysfunction - it 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 s

seema mody highlights some of the gains in the small caps and techs today. seema? right. after a tumultuous couple of months for the russell 2000, the shawl-cap index is staging a comeback, up about 5% over the past one month. i've been speaking to market participants who tracked the russell and what's driving this move and here's what i'm hearing. for some the drop in price is being seen as a good buying opportunity. did see a selloff in the month of march and april and better than expected economic data. and, third is years. several stocks in the russell 1000 offer a dividend deal which is attractive in the current low rate environment. vanda pharmaceuticals and vince holdings and technology firm interdigital and some of the big gainers this week. driving the nasdaq, tech continues to be a source of strength, oracle, intel, sandisk and apple after the 7-1 stock split. >> soma, thank you. heading into the close. only ten minutes to go, off session highs in the index and still having a pretty strong session, up 70 points for the dow and 5 or 6 for the s&p 500. >> t

seema mody with the latest. how's it doing? >> largest in the knt. priced at low end of range, $17 a share. currently trading just above its offer price under ticker symbol mik. spent nearly eight years in private ownership. bane and blackstone, two private equity took the company private in 2006 paying and own 70% of the company postipo. michael's raised money in the offering. proceeds used to pay down debt. we'll see if investors have appetite for the craft company, best known for its rainbow loom bracelet making kit. a primary driver of sales last year. mandy? >> thank you very much. >>> let's trade gopro. back up a little. michael's, yes, talking about that today, because it's today's ipo. face it. the high lot of the ipo week has been gopro. what do you think about gopro? guys? >> i got my -- we have a bunch of clients that got allocations on this one, mandy, somewhat foolishly i told them take the profits and run yesterday on $7 pop. today it's up another $7 or $8. it's a takedown of myself, that i shouldn't have let them get out of it so quick

seema mody is live with that and a look at the rest of the markets. good morning. >> stocks fall sharply on wednesday and the dow and s&p 500 posting their worst day in five weeks while the nasdaq had the biggest decline in two weeks. traders point to the world bank which cut forecasts this year. data out on unemployment and the dow dropping 102 point and nasdaq moving six. >>> amazon will launch a streamling music service. access to thousands of songs without being bothered by ads. neither will songs from the biggest labor which has artists such as kanye west, taylor swift and lady gaga. >> thank you, we'll see you later. >>> one of the richest men in silicon valley will hit the links playing caddy at the u.s. open. professionally scott mcnealy is the co-founder of sun microsystems but there today to help his son. maverick is a sophomore at stanford and he tees off at 5:46 this morning. >> that's kind of cute. >> now, if you were playing golf with your dad ahead of father's day, eyou might wonder what the forecast is. >> you might want to let him win

a lot of the action at nasdaq includes go pro and seema is there with what's moving. >> the whole cnbcabout 30% on its first day of trade. we did look at some of the high-profile ipos that also saw a first day pop just to see how shares were trading since going public. grub hub up about 30% on its first day of trade now up about 36% from going public. mobile iron up about 22% on its first day. shares trading up by 11%, its ipo and two chinese internet players trading well above their offer price, so those numbers just give you a little bit of perspective. now in terms of big tech moefs movers in today's trade, the nasdaq is down on the trade. yahoo! is one of the worst performing stocks in the nasdaq 100. retailers also weighing on the nasdaq after bed, bath & beyond reported disappointing reports and chip stocks losing steam. mkm partners saying the semiconductor stocks are the most overbought since the tech bubble burst in 2000 so a lot of traders watching this tech subsector after its run over the past couple of month. the philadelphia semiconductor index up about 17% year to date.