>> seema thank you very much. do you buy, sell or hold? or sit tight right now? log on to cnbc.com/vote, and tell us what you're doing with your portfolio. if you could stand short-term dips, you shouldn't have equity. here is sam wardwell, with 253 billion inship assets. tell me overall whether you think yesterday was simply an overreaction or whether or not you think this plrkt is making a turn. what i can tell you is as we look at the news flow, the gdp number, the income numbers, they don't show economic weakness. they show economic strength. so maybe investors are thinking the fed is behind the curve, but it's not because the economy is weak. i think really what happened is that maybe some investor got to a tipping point, but we did get news that changed everything in the markets. >> you say stick with your strategy, whatever as an individual investor that strategy is, you shouldn't deviate from it based on a one-day event. >> exactly. if you're a trader, you can be a trader, but if you're a buy and hold investor you should be a buy and hold investor. >> do

seema, thank you very much.n we come back we will peel back the skin of the onion and look at why this market is moving as quickly higher today as it is. we will be back in a couple. st that the kid on the back of the bus might have a song that he has in his head but he just can't get out. with the technology of cloud, we change all that. i can sing something into my device, up to the cloud it goes, back down it comes, sounding better. we break down the walls of creation and we give music creation for the masses. ♪ ♪ unlock the creativity in anyone. with the ibm cloud. the ibm cloud is the cloud for business. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. it can help your business save mo

seema mody is live with cnbc's business news. explain what's going on, seema?cy, burger king is dropping it's low-cal satisfries. burger king has been suffered lately. only about a third plan to do so. tracy. >> i'd say make up the calories elsewhere and have the real thing. seema mody with cnbc, thanks. >> there you go. >> announcer: now your nbc10 "first alert" weather. >> and temperatures expected to stay below average for us. plenty of sunshine to start. we will see clouds increasing. a slight chance of sprinkles but there's a live look outside at the comcast center. the sun is coming up and we're starting to see below average temperatures as we head into the rest of today. jillian. >> good morning, brittney. the weather looks nice and roads as well. 255 and the blue route, 53 and the northeast extension a live look at the route 30 bypass for drivers in chester county that is also clear. >>> yesterday it was cheese steaks and crab fries and historic sights. and today, philadelphia is again putting its best foot forward. >> nbc10's jesse gary is live in cent

explain this, seema. >> reporter: good morning. american airlines has stopped posting fares on orbitz.com and will pull fares for us airways next week. reservations made through orbitz will be honored but any changes must be made directly through american and us airways. american has tangled with orbitz before. in 2010 they fought over the sales of extras like meals and wi-fi access. back to you. >> airlines are constantly negotiating those fees. seema mody, thanks. >>> clear skies this morning. a hot one this afternoon. they will parade down broad street and feel the heat as temperatures head for 90 degrees and that's what camden will see well. we're seeing clear skies over camden. the view from the adventure aquarium. jillian mele is watching traffic. >> roads are clear. this is a live look at northeast philadelphia. wood haven road at the boulevard. boulevard is also looking good this morning still. no accidents to report. coming up in a few minutes, a live look at 495 in delaware. >> gathering information on breaking news from

seema? >> we've seen this market withstand geopolitical uncertainty, but today headlines specifically around the situation in ukraine weighing on stocks. just goes to show it is hard to decouple the markets from events around the world. stocks weighing on the nasdaq 100 today, including f5, applied materials, which does report earnings on thursday, western digital and facebook shares, plus tesla, up about 9%. tyler and sue? >> thank you very much, seema. a favorite of cowboys and rock stars for decades, but it looks like denim, denim is now suffering, just after i stocked my closets with it. major blues for denim, what it means for retailers. >>> plus trying to grow in a slow growth world. dominic chu not in his denim today. >> no. >> in his beautiful soft plaid. >> nice suit you've got on there. >>> what companies could be ripe for consolidatation? jim cramer has been talkic about it for a while. we'll see what companies could be potentially candidates for a possible -- >> you can't grow gr

the nasdaq -- with seema mody. bob pisani is with me here at the nyse. let's first kick off with dom chu. >> if you look at what's happening, we talk about the leaders and lag guards, since the first time the s&p crossed 91000 mark. they weren't necessarily s&p 500 members back then, but look at the stocks on the leading side of things. it's in beverages, take a look at what we are talking about here. this stock is great. we're talking about a company that coca-cola just invested in. keurig green mountain. up 51,000-plus percent, a big move for this stock. this one here, $87 stock. back in the day, it was not that much. just worth pennies now up 78,000 some percent. this used to be called hansen's natural today, today it's known as monster beverage. that stock up 78,000%. if you look at some of the worst performing stocks since then, there's a theme. they're all part of this sector. this is one of them. a stock now down 78%, this is a big bang in america. we're talking about citigroup shares. down about 78%. that's aig, that's citigroup. the number one w

i'm seema mody. want to point your attention to the markets because the dow near session highs leading the way higher, boeing, the plane maker receiving orders for ten 777 jets this week. merck winning federal approval for a new type of sleeping pill that helps insomniacs sleep. >>> will europe's problems become our problems and could japan's woes hit the u.s. at some point? two big questions on investors' minds today. so where is the safest region in the world to put equity money to work right now? some thoughts from bob pisani, kenny pullkari and jim mcdonald. we also want to hear from you. go to cnbc.com/vote. do you think european problems may hit the u.s. stock market? cast your vote and we'll have the results for you. jim, i'm going to start with you, earlier in the show, michelle caruso-cabrera laid out some of the issues facing europe, their bond yields moving to the downside and also the fact that germany may be looking at deflation. how serious are those problems and what might be the spill

there's seema mody on the screen. let's go right up to the nasdaq. >> i like sam's note this morning when he said market performance in july was much like the world cup matching, excitement being left to the end. today a rebound in some of the tech names. amazon is down about 2.5 last week, up today. same story for facebook, among others. market participants say earnings will be a focal point. groupon will be the stock in focus here at the nasdaq, which, by the way, is rallies ahead of the highly anticipated report tomorrow. that stock up better than 7% last time i checked. small caps, though, seesawing between gains and losses, thor there are some big losers today. an online textbook rental went public last year, and arena pharma. russell posted his worst four-week loss since september 2011. >>> sue, here's what we've got. shares of ver i sign, worked that berkshire hathaway has boosted its stake by 11% to about 10.5% of the overall company. this particular company has a market cap of around 7 billion. it gives secur

seema mody, what's going on?> we're off the session lows, but holding on to 4300, a key support level for the nasdaq. what that tells us about the prospect of higher rates. which is moving lower, a stock that i've had a stellar run over the past couple months. intel, broadcom, stocks that have benefited from the rotation into large-cap tech. other areas. all trading to the down side, market makers, no specific reason other than profit booking is what i'm hearing, brian. >> thank you very much, seema. this is kind of interesting, isn't it? officer in russia, ukraine, and is the potential that president putin could make some mischief. crude prices are down at six-month lows. >> they are. traders are basically saying we're focusing on the fundamentals. despite the fact that we are at the height of the summer driving season. it could be a tail wind going into back to school shopping. prices are dawn the 38 of last 39 days. the only place we have seen a bit of a move here having as far as nat gas today, but it's been

seema says she's never had one. inch i find the orange, lemon or lime with tequila make the best. >> i like that. we served them at my child's birthday, real once for the kids and then adult ones. caught on surveillance video. showing off some rather unusual delivery skills. what should happen to him? that's a bad thing. seema? there is always that risk. thankfully the ceramic cup was okay, but that delivery man is busted if i was shipping anything, i think it would be fine. >>> should kevin durant sign with niker or underarmour. log on right now to cnbc.com/vote and vote. which way should he go, dom? first of all, it's all about the money. you're saying take the paycheck. the undertone is nike versus under armour. under armour has making huge headway in all sports but basketball. that is why this is such a big deal. they're looking for the marquee name the same leash and that's why -- this is a big deal. remember, nike has the option, because of contract to match this particular deal. these are always interesting t

seema, good morning. >> good morning. that's right. are rolling out big pro-moogs to get shoppers in the stores for the back-to-school season. a recent deloitte survey found more than 25% of parents plan to finish shopping after school starts. staples is offering a 110% price match plus basic supplies such as rulers, paper, pens and pencils are on sale for a dollar or less until labor day. >>> walmart has 30% more items available online. sears has both in-store pickup at both sears and k-mart stores. >> and parents are scrambling with their lists. >> yes. >> seema modi with cnbc. thanks. >>> you'll be scrambling if you don't take an umbrella this you this morning. we rain in the area. strong storms possible this afternoon. light rain xrspreading across philadelphia currently. 71 degrees at 5:24. jillian mele is watching the rain come in on the roads. >> it looks like damp roads in delaware. this is route 13 and townsend boulevard. no traffic issues which is good news for drivers out there. the roads are west in chester county, portions

tracy. >> seema modi with cnbc.ks. >>> now your nbc 10 first alert weather. >> i'm tracking lingering showers that are moving through our area. i'll let you no he what to expect as we head into the rest of today and the rest of your workweek. >>> the northbound side is closed on lincoln drive near gypsy lane. we have police activity out there. we'll give you more details and an alternate route in just a few minutes. >>> we're on top of the situation in cumberland county this morning. >> flooding forced some from their homes. jesse gary is live in millville. jesse? >> reporter: it's not just the flooding but gas leaks. gas company crews are wrapping up behind me, having sealed a lot of those leaks. we'll talk about their work coming up after the break. >>> around 130 u.s. military advisers are now in iraq. we'll tell you what their mission there is. >>> nbc 10 breaking news. >>> just about 5:30. breaking news this morning, residents in one local community forced from their homes overnight after heavy rains lead to fl

is the s&p 500 has -- seema is at the knead dab. we're going to star with bob pisani, you know the transports is one of my favorite indicator. if you're a dow theory follower, that bodes well for the dow jones industrial average. >> and it's a good -- let me break it down more. airlines, for example, lower capacity, higher bookings and lower olympic prices. they are very healthy boosts. railroads, we are seeing an increase in business for them. more autos. moving autos around the country, coal business is still pretty good. there you see the rail stocks moving well. finally i want to know the truckers here, they are benefiting also from favorable pricing. truckloads, full truckloads have been increasing recently. that's why we saw the move up. >>> finally, you can own this. this is the iyt, you can own all 20 transportation stocks in a single stock. right now, sue, all 20 stocks in the dow transports are on the up side. >> strong day there. thanks, bob. see you in a bit. >>> uptown to times square. we find seema mody at the nasdaq >

. >>> let's get down to business with cnbc's seema mody. good morning, seema. >> hi, todd., stocks rose for the third time in four days on wednesday, boosted by tech, airlines and biotech companies, but investors are also reacting to news germany's economy failed to grow this spring. look for data today on unemployment and earnings from walmart. >>> cisco systems plans to cut 6,000 jobs or 8% of its workforce as it struggles in emerging markets such as china and india. there are no specifics on the timing of the cuts. cisco does plan to add staff and software and security. >>> and burger king is dropping its low-cal satisfries less than a year after launching them. they use a different batter to not absorb more oil and cost more than regular fries. burger king has been suffering from weaker sales. todd? >> thanks. >>> stories making news this morning -- the clock was ticking with minutes before a temporary truce was set to expire. the israelis and palestinians agreed to a new five-day cease-fire, this as peace talks in egypt continue. >>> there could be mob delays in the jo

thanks for being here. >> thanks, rev. >> seema, with the evidence we know so far, is there probableause for an arrest? >> of course there is, rev. let me tell you this. if i was to -- god forbid -- shoot midwin i would have been arrested right away. even if i had wounds to crab rate self-defense i would have to go into the grand jury and give my story. that would be the first opportunity for a dismissal. i would be arrested, put through the system. >> so if people are clear, you do not need an indictment for arrest. you can be arrested and later indicted. >> happens all the time. happens all the time. >> that's what's supposed to happen. >> why hasn't there been an arrest? >> that's the question. that's why people are marching in the streets of ferguson, missouri, for ten days. it is just unusual. what's happening here is we are starting to see a different set of rules when it comes to criminal law and criminal procedure when it comes to police officers versus regular citizens. that's a dangerous path to go through. >> yeah. >> there are no separate criminal laws for police officers

seema mody joins us now from the nasdaq.ma. >> kelly, nasdaq at a 13-year high despite this increased focus on geopolitical tensions. internet stocks playing a big role in today's trade. we're looking at yahoo! netflix, google and expedia all trading to the upside. expedia trading at a new all-time high. now, tech as a sector is up about 1% today. s&p capital i.q. pointing out valuation could be a factor here that traders are considering given that tech, according to sam soval, is trading at a meaningful discount to its historical price-to-earnings ratio. so valuation could be a factor in play here. biotech also contributing to the outperformance with celgene, gilead and amgen at levels not seen. can this hold? >> absolutely. >>> do my eyes deceive me? simon hobbs with the countdown to the close across europe. looking rather dry and warm. >> indeed. most of europe higher with the exception of germany. obviously a deescalation with the perception that the tensions with ukraine are not as bad as they were certainly on friday.

seema, thank you. >> let's bring in paul meeks, senior analyst and director of institutional investing at citerna capital. how should investors view nasdaq 5,000, if and when it happens? >> i actually think it's not a 2014 phenomenon, but i feel very strongly that we'll break that level, not 5,000, but the all-time closing high of 5,049, some time next year. >> next year. i mean, i guess at this point, it's only what, a 10% move? and is there anything in this move and the behavior now that reminds you or worries you like it did the last time around? >> back in the day, is there there are some big tech drivers that i think indicate that the total addressable market are bigger now than they might have been back in march of 2000, and also growing faster things like cyber security, the internet of things and cloud computing for certain companies, not all of them, but for certain companies, make me still pretty optimistic. >> i just wonder, paul, and we've been debating this throughout the day, when snapcha

seema mody's over at the nasdaq market site. speaking of that 1969, seema, what a day, huh?tely a big day for the nasdaq, kelly and tyler. we're looking at the nasdaq trading at its highest levels since march of 2000. when it comes to tech, experts that i spoke to today are thinking of a couple different catalysts that are helping tech out-perform, the first being an improving spending environment from brian marshall at isi, attractive valuations and earnings. although i've got to say, some of the market participants i spoke to caution that a rise in geopolitical tensions and you could potentially see stocks reverse gains, so that's something to keep in mind. in terms of which stocks are having the most positive impact on the nasdaq 100, apple, rbc today says it remains bullish on the stock going into the iphone's sixth cycle. google and facebook are two other tech giants playing a role in today's rally. facebook continued to surprise to the up side as it monetizes mobile. biotech is moving higher. regeneron, gilead sciences and cellgene at all-time highs. citi says the out-

thank you, seema. >>> robert and darren, gentlemen, welcome to you both. mr. richards, let me begin with you. i assume you heard about the report about the possible pillover to the equity market. you own or have owned a fair amount of high-yield bonds over the years mo recently. what do you think? >> yeah, well, there's definitely a correlation between high-yield bonds and stocks. you're seeing that play right now. yields are very, very low in high-yield bonds on a relative basis, but what makes it attractive to us is the default rates are low. so i think that attractiveness, even though yields are lower than norm article. >> do you lie international foreign high yields better right now? >> we have a global mix with a bite toward international. >> bob, let's talk to you about what you see in the market for the remainder of the summer, in ominous kind of warnings from some of the big hedgies. what is your -- >> i think you take a step back and understand what was going on with the market last week. there was some concerns that the federal reserve is going to st

seema mody is uptown at the nasdaq bob pisani joins me here. >> we had a lousy open because we had a lousy lead-in. these are all off their lows, but it wasn't a good week. here in the united states, we had a flight to safety trades, bonds up, gold was up. tobacco stocks, but it slowly turned around. we had a loudy open, but bottomeded right away. there's a lot of confusion about what's going on in ukraine, where there is a threat of any kind of imminent action. is a i want to know the dollar index dropped about an hour ago. the dollar index has been a monster for the last month. it's been a flight to safety. they've been moving into the understand. so the dollar index has been very strong recently. there's your dallas index, sue. finally a turnaround in oil stocks. >> bob. thank you very much. i'll see you in a bit. >>> shaking it off after the earlier losses. you've got to wonder if this trend will hole. hold. i want to point out that the nasdaq composite still trading, but again some of yesterday's losers are today's winners. a combination outsourcing. many times outsourcing so th

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>> seema, good seeing you. thank you very much for that. mody there at headquarters stateside. >>> i just want to bring you some flashes we're just getting through on wires with regards to the ebola cases in africa. if we could just go back. somebody just moved my prompter. there we go. nigeria's lagos has ten confirmed additional ebola cases now up from seven. that's according to the health ministry. >>> let's move on and let's talk about iraq, because the u.s. secretary of state, john kerry, has called on iraq's government to form a government, saying that he hoped prime minister al maliki would not stir the waters of political instability, this after maliki made a surprise televised speech where he accused the new president, fuad masum, of putting political goals ahead of the interests of the people. >> translator: the security situation will get worse and this will have bad consequences and damage the interests of the iraqi people. i will file a legal complaint through the federal court against the president of the rubblish committing a

oracle and ibm among other large caps. >> seema, thanks a lot. morgan brennan has that angle. >> the u.s. dollar slipping slightly today verse the yen and euro after the lack of wage inflation looking at the dollar index. that's down about 81, three down, about 0.15%. crude oil is dropping. we're keeping an eye on that as well. brent is down about 1015. wti around 97 bucks a bearing, down more than 9% from the june peak that we saw. when bright spot for consumers, gas prices are done near a four-year low. that could keep going with the crude oil trending lower. >> morgan brennan, thank you. >>> of course today's jobs report. steve liesman is here, breaking it down all day. >> i can give you tons of numbers. just four. first one, 209, the number of jobs sixth month above 200. next number unemployment rate 6.2, up, why do we care about that shall shows still slack in the is jobs market. this is what yellen told us could happen. wages up just 2%. shows you there's not an incredibly tight job market. if it were you would have stronger wage gains. and

seema mody, what's going on there?wo areas within tech that are showing signs of weakness. first off of the chip stocks. company that specialize in chip or chip equipment that cater to the pc smartphone tablet world, all of these stocks up double digits here to year, thanks to earnings acquisition, heuue hig demands, a retreat. and nvidia, reporting earnings laters this week is bucking the downward trend. social media. big swings in these over the past days. twitter a bright spot. focus on groupon, daily deal site reports earnings this afternoon. options market, kayla, according to risk reversal implying a 16% plus or minus move in shares of groupon. be sure to keep an eye out on that one. back to you. >> thanks for that, seema. >>> a check of a few other moves in the market. jon fortt you're watching chegg. earnings, that is moving up big? >> beat, but more important, a partnership with ingram, which is a big maker, distributor of textbooks. chegg seen as a disruptive there, now partnering with them to hold inventory.

back to you. >> all right, seema, thanks. >>> coming up, some unusual activity in the chip space. najarian is all over it and how he's trying to profit from it as well. that and much more, straight ahead. >>> busy interesting day to kickoff august coming up apartment the top of the hour or "power lunch," we hope you'll join us. putting on my glasses. stocks sliding after yesterday's big sell-off. time to short the market? ron insana says, yes. we'll ask lew ahow and why he'sg it. >>> and first month down since april. worst monthly loss in more than two years. what does it signal? what should you do? now back to scott and the "fast money/half time" group. >>> back to david faber on the floor of the new york stock exchange with more on a story he first told us about short time ago, dave. this lawsuit by allergan against valeant. >> yes. in fact, did speak about it, you say, scott, last hour, the complaint filed in federal court in california by allergan. it may very well not go anywhere from here. the very least, though, speaks to the continued hostility and increased hostility betw

. >>> i'm seema mody with a nasdaq as session lows down 1% on the day. in old school tech stocks all pay a dividend and referred to as the value plays in tech. hp, cisco, ibm, oracle trading to the down side and weighing on the tech sector as well as the broader nasdaq. interesting, social media seen as a vol time secretator showin bit of green. earlier shares playing a big role in the outperformance of the social media index this week. kelly and team back to you. >> seema, thank you. >>> and jon fortt, not many safe havens found here? >> no. and risky valuation stocks, gopro down more nan 14%. having trouble. >> feels people are fleeing to treasuries for safety, though. seeing the yield on the ten year below 2.5 again. 2.49 we're seeing now. you can see the move is stark mid-day. >> this with a down near its session lows, art cashin pointing out moments ago, sliced try 1920 on the s&p things get interesting as traders look for the next level of support. hand it off to a group of them. time for the "halftime report" with scott wap nesh. >>. >> welcome. m

. >>> for the news before the bell, let's check in with seema mody. good morning. >> good morning, scott. apple has reportedly started production of the new ipad air ii, which could be unveiled in october. the tablet expected to an anti-glare screen. sales have slumped down 9% in the last quarter. analysts fear they'll suffer more when the company launches the new iphone 6, expected to have a bigger screen. futures higher after stocks closed lower on tuesday, snapping two days of gain. investors concerned about developments in russia and ukraine and tensions overseas. data on retail sales could be impacted by falling gas prices but that means consumers have more money to spend. yesterday dow slipping nine, nasdaq down 12. >> thank you much. >>> time to check the forecast with meteorologist rob mayeda in for christina. >> seeing temperatures in the 50s and 60s outside on your wednesday morning with low clouds inland to concord and livermore, too. it's 59 right now. 64 san jose. 61 san francisco. a closer look where clouds are, into the -- over the dubl

for that and the rest of the news right before the bell, seema mody live at cnbc's world headquarters. good morning. >>> good morning. futures now higher after stocks rose on tuesday following economic data showing a big jump in orders for durable goods. s&p 500 index, broadest measure of the market, closing above the 2000 mark for the first time ever and set a record for the 30th time this year. it took more than 16 years for the s&p to go from 1000 to 2000. for the dow it rose 29 points. nasdaq adding 13, 24570. >>> american air lines stopped posting fares on orbits.com and will pull fares next week. american is in a dispute. reservations made through or bits will be honored but changes must be districtly through american and us airways. american tangled with orbitz in 2010. >>> tech front, bigger ipad could be in the works. apple will launch a new version of the tablet with 12.9 inch screen, the move comes as apple struggling with ipad sales amid competition. people replacing older devices less frequently. >> one packed industry competition, the ipad. >>> 4:47. hurricane marie chur

seema mody is at the nasdaq with more. seema? >> hey, jon.oader market selloff here at the nasdaq. we're trying to see where the buyers are coming in now. and we're looking at amazon which lost about 2.5% last week. rebounding in today's trade. chinese internet player baidu. priceline also in the green. for the most part when it comes to tech, that's what traders are telling me are the big focus are the tech companies that have reported earnings, 73% have beat street expectations. one of the higher bet rates for the quarter. that according to thompson raters. this week our attention turns to symantec. expected to post earnings of 42 cents a share of revenue on $1.67 billion. social media, that will also be a focus. facebook and twitter delivered strong results. will groupon and zynga be able to impress? we'll get that answer as both report this week. jon, back to you. >> we'll definitely be watching that. >>> coming up, the internet of things is more vulnerable than you think. a new study by hp explains how bad things might be. >>> plus, pers

seema mody has more on that.ey, seema. >> at a 14-year high, the nasdaq trading at its highest level since march 2000. investors taking a breather when it comes to ukraine which really has been the market mover over the past couple of weeks. but the nasdaq rebounding here. internet and biotech playing a big role. take a look, though, at some of the biggest winners over the past one week. we saw that big pop in monster beverage after coke announced that it's making a $2.1 billion investment in the energy drink maker. and other big winners are in biotech. celgene, gilead, biogen. it's up about 1% in today's trade. now, outside of biotech, apple still has the largest room here on the nasdaq, steadily rising over the past one week ahead of its iphone 6 launch. in fact, rbc notes that most supply chain data indicates that apple is gearing up for 70 million to 80 million iphone 6 units which is a substantial increase from last year's ramp of 50 million to 60 million units. so apple up about 1%, nearing the $100 mark, s

seema, thank you so much. >>> joe? real issue. market as a whole seems to be looking beyond europe for the moment. if more companies here, that people are investing in, seem to be developing more troubles as a result of what's taking place there, you've got to pay attention? >> you have to pay attention. and you also have to take advantage of the potential opportunity. because the ecb is going to be there, be there, go all-out, you asked muhammad alleren before. companies sold off now i don't think you should dismiss. names like bmw. adidas. >> adidas. >> okay. names like that. i think you should look at. maybe the financials in europe isn't a place to be. i think europe is still okay. >> pete, laughing. i don't have time. >> i got stuff in my head. always laughing. >> look at natural gas. >> should we have you see a doctor jthts you don't want to know. >> boost on today's inventory numbers. jackie deangelis. >> good afternoon. the department of energy out w its report. a bullish report came in way storage build under expectations

markets are the place to be, bus seema mody says there's more valuable across the pond. take it away. >> here we go. i'm going first. >> all right. go first. i know at first glance it doesn't look that appealing, slowing growth. we got those numbers overnight, but some market strategists say hey, europe has a supportive monetary policy that's aimed at stimulating the economy, and in a bold move, mario drawingi introduced negative interest rates to push banks to loan more money. that will continue until europe sees better days. second reason you might want to stay bullish is on earnings. and on average. 350 stock index are forecasted to show 8.5 jump in earnings this year. that, by the way, guys, higher than the average for companies in the u.s., companies on the s&p 500, so clearly disappointing data over the past couple weeks, but estimates for earnings still higher. >> here's what i got in responsible to that, yes, maybe negative interest rates are a big deal, but let's not kid ourselves here. the u.s. federal reserve still has accommodative monetary policy here. >> th

seema mody is here with that business news. >> jcpenney's turn around efforts may be bearing fruit. the retailer reporting a smaller quarterly loss as sales beat analyst forecasts on demand for home goods and jewelry. sales growth following two years of declines after jcpenney ditched popular items and promotions and that led to firing of ceo ron johnson and return of mike ohlman. >> thanks. >>> as we head into the rest of today, we will see fall-like temperatures. we'll stay in the high 70s even in the city and low 70s in the poconos. jillian? >> good morning. we had traffic stopped for a bridge opening and now that traffic is moving again and on screen right now, traffic is moving along just fine on route 1 in bucks county. a live look right at pennsylvania avenue. coming up in just a few minutes, a live look at 422. >>> it is shaping up to be a big day for everyone involved in the philadelphia school district. >> katy zachry is tracking that story for us. katy? >> 200,000 students and their parents and hundreds of teachers are all waiting to hear if schools will open on time this

. >>> let's get down to business with cnbc's seema mody. >>> job openings rose for the fifth straightth in june since 2001 but the labor department says hiring hasn't risen as fast. the data is watched as an indicator of business health and expansion plans. new jersey regulators will release a report this afternoon on how much cash atlantic city casinos got from gamblers last month. revenue rose 4% in june despite news four casinos are closing. the latest revel which will shut its doors after failing to find a buyer. apple has reportedly starting the pro production of ipad 2. it's expected to have an anti-glare screen. ipad sales have slumped down 9% in apple's last quarter. back to you. >> thanks. >>> lebron takes on the heat and we've got the big day. plus, a no hold's bar edition of "early today" sports is up next. don't go anywhere. s been helpine money for over 75 years. they've really stood the test of time. much like these majestic rocky mountains. which must be named after the... that would be rocky the flying squirrel, mr. gecko sir. obviously! ahh come on bullwinkle, they're

back to you. >> all right, seema. thank you very much. we've got about 25 minutes before the closing bell. the dow up 81 points, the nasdaq up about 10 at 1,981, and the nasdaq is -- i said the s&p up 1,981 and the nasdaq at 4,587, a 19-point gain. >>> as we watch for the next-round levels on these indexes, coming up, wharton professor jeremy siegel tells us why he's still bullish on this market and why dow 18,000 could happen this year. >>> and later, is the housing market strong or isn't it? that topic's stirring up feisty debate across the country and on this show yesterday. >> i don't think the housing market is as soft as people think it is, because if you go to look for a home today, the supply isn't nearly what it was five years ago. >> yeah, but i don't think you can really look at the supply, though, and really say that the housing market is strong just because there's a low supply. >> who's right? our housing pros will hash it out. back after this. where the reward was that new car smell and the freedom of the open road? a card

seema mody is no monster at all. she is the lovely girl at the cnbc headquarters.deal could be big for them. >> definitely a very interesting deal, louisa. coke is buying a nearly 17% stake in energy drinkmaker monster beverage for more than $2.1 billion in cash. the transaction is expected to close late this year or in early 2015. coke gets the rights to two -- this deal includes full throttle and power play and will transfer additional brands such as sweet tea to coke. coke has the option to increase its stake to 25%. now, in a conference call, the ceo declined to comment on whether he would by more or all of monster which has lon been the subject of takeover rumors. for coke, the deal is an opportunity to expand its presence in the manager drinks tore a $27 billion global market. monster t leader of a 42% share. last month, the company said second quarter renew was flights. interesting. >>> consumers opt for bottled water, juice and caffeinated drinks. now, earlier this year, coke moved further out of its comfort zone buying a 10% stake in single serve coffeemak

>> all right, seema. thank you so much. so, what tech names will lead the nasdaq its next leg higher? >> let's bring in ari zoeldan from quantum networks and matt mccormick from ball and gaynor. welcome, guys. >> hi, how are you? >> good afternoon. >> ari, i like your note here, because it says "i'm always bullish on tech." this has been the most volatile of the indexes, so what's an investor to do next? >> look, these are long term. you're talking about the brick and mortar of yesterday, right? so, we have cisco, we have google, we have verizon. we have the companies that are building the foundations for tomorrow. so, to not be bullish on tech is i think absolutely crazy. i mean, these are stocks that are in the fabric of our life every single day. >> do you think, just following up on that, ari, that the nasdaq, its behavior in the future will look like its behavior in the past, or are you arguing that if tech is getting boring to some extent, if it's the new bricks and mortar, that this index perhaps does act more stayed

seema mody keeping an eye on the action there. hi, seema. >> hi, tyler.o-day gain since may. and it's a lot of the high fliers leading the nasdaq in the trade. tesla the best performing stock on the nasdaq 100, but the old cap names are also out-performing. we saw a sell-off in some of the high dividend-paying tech names earlier this month due to worries over the prospect of rising rates, but some of those stocks now staging a comeback. another factor helping tech today, morgan stanley upgrading the tech sector to overweight, that perhaps providing a lift to the tech index. of course, the question is whether this outperformance in tech in the broader nasdaq will hold. some pointing that it is trading back above the 50-day average as a bullish sign. back to you, kelly and tyler. >> that will do it, seema. thank you so much. as we have about eight minutes to go here, tyler, joining us now to talk markets is bob kaiser from s&p capital iq. bob, what have you got your eye on? >> well, we're keeping an eye on the markets, obviously. there's been an uptick in v

and by we i mean seema mody. take it away, seema. >> global investor confidence in the u.s. soared for a third straight year according to a survey by deloit. it measures private equity and growth equity investors. venture capital fund-raising has been picking up. investors raised 7.4 billion in new commitments from 78 funds. that's a increase in the first quarter and the strongest period in nearly seven years. the survey finds confidence is on the rise and the ability to fund raise and despite negative feelings about the government not enacting policies to support the industry. around the world, confidence is increasing in canada, israel and the uk. global investors continue to compute for cloud computing, mobile technology, enterprise software, health care i.t. and services. and a survey shows segments shying away from semi conductors which i found interesting because if you take a look at where you're seeing outperformance on techs, semi conductors have been a bright spot so far this year. >> thank you so much for that. let's move on. citizens financial, the u.s. arm of rb

>> seema, good stuff. thank you.eah, about 13 minutes to go here. >> 13 minutes left and the dow's up 90 points, so we'll see if this rally continues here. i mean, this is very typical of this bull market we've been in here. very quietly has just come back again. you know, we've come off the worst week in two years, and all of a sudden, we're in rally mode again here with the dow up 90 points. >>> coming up, president obama saying to ceos, stop complaining about regulations and start taking greater social responsibility. it's one of the top stories on our website. our panel will weigh in. we'll play you reaction from several ceos on cnbc throughout the day and we'll be back in a moment. what if there was a credd where the reward was that new car smell and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you

hi, seema. reversing morning gains. how vulnerable this market is off settle lows. one trader told me there is a level of kept simple. when there is a certainly level of risk -- tends to underperform. that's what we're seeing today. trading to the down side. facebook, amazon also moving to the down side. that being said, the big stock is monster beverage. a $2.1 billion deal as coke looks to diversify. not only the biggest winner on the nasdaq but also a big winner this week, talking about big winners. take a look at intel. puerto rico's electric power authority is now the center of potential the next battle of the bondholder. kate kelly has the story. >> thanks so much. the investor battle over argentina may be raging still, but there's -- the caribbean island and u.s. territory facing some major economic issues at the moment. despite beautiful beaches and caper tax rates that has attracted mainland businesses from the u.s., it faces major issue with his poverty, crime, a huge government deficit and unemployment of about 13.1%, more than double the u.s. at large. a

seema, a lot of pressure today. >> there was, kelly. headlines out of ukraine adding a certain level of nervousness to this market, and that could be felt by risk-averse sectors like tech. the s&p tech index down about 1% in today's trade. a lot of semiconductor names were under pressure. intel, a standout so far this year thanks to better-than-expected earnings, a recovery in the pc market, this rotation into large-cap dividend paying tech names, but intel a loser in today's trade. lastly, with markets focused on tensions between ukraine and russia, russia's telecom player victim pa vimplecom down about 1.5%. >> thank you, seema. time warner to the down side. up next, the latest on fox withdrawing its bid for the kpp and from disney to zillow, dominic chu wraps up the after-hours earnings action when we come back. what if there was a credit card where the reward was that new car smell and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. re

seema mody is at cnbc headquarters with more on this story. >> we have to love the bitcoin story.verstock, based in utah, was the first major retailer anywhere in the world to start accepting bitcoin as a payment. the ceo patrick burn recently told reuters he expects bitcoin sales to add 4 cents to the company's earnings this week. they expect sales of $6 million to see 8 million, most of it from new customers. so far, bitcoin sales have total dollars about $15,000 per day. he expects to do $1 million in sales per month by tend of the year. now, overstock began accepting bitcoin in january. the first company with at least $1 billion in sales to do so. bitcoin now accounts for about a quarter of 1% of total sales. overstock users coin based process the bitcoin payments. bit concosts the company less than $2 cents per transaction. on transaction costs are meaningful, to overstock has raised margins. shortly after overstock began accepting bitcoin, other companies followed suit including dell, dish network and online computer and hardware retailer newegg. coindesk says more than 60,0

seema. >> carein, that's right. u.s. posted more than $40.2 billion in net income during the second quarter. that is the second highest profit in the industry in at least 23 years and is below the record $40.3 billion in the first quarter of last year. it also comes as many bank executives say the higher cost of regulation is hurting their business. snl says loan growth at its fastest quarterly pace topping $1 trillion since the first time it began tracking the data in 199. commercial lending rose at an annual rate of 12.6% in the second quarter. consumer lending, which includes credit cards, student and auto loans has picked up 6%. regional banks reported the strongest growth in commercial lending. so far, the results are impressing investors who are still cautious about a range of issues including mortgage lending and trading revenue. the index which traffics a basket of stocks is down 1% this year. the s&p 500 up about 5%. snl says banks saw second quarter profits rise due to the lower amount of money they set aside t

from the nasdaq market site, i'm seema mody. >> questions around this company helping us to wave through the moves. joseph shuster, what is your view on this stock? it came to the stock market in a blais blaze, but now investors are starting to question what type of company it is and what its prospects are. >> yes, good morning. another price that's ahead of itself right now, the numbers were slightly better than expected. however, the company says it's valued at 5 to 6 times the hardware entry. but it's at a media company, a social networking company. it's time to take some profits here, but nevertheless there's an underlying strong business model in the next thee years. >> this is one of the conundrums for investors. should it be valued as a media company or should it be valued as a hardware company? gopro claims it has about a billion views. some people are saying this is like nikon, the cameramaker, basically claiming just because it has lots of videoes and photo shop on its camera it is a media company and we know that's simply not the case. >> that's true. again, as the market give

>> seema, thank you very much sploo in the yahoo finance question of the day, we asked you fannie maereddie mac downgrading the housing outlook. do you agree? wow, 50% say yes, we're going down. 17% say no, it's going to continue going up. 33% say i think it's going to flatten out for a while. that is a much more bearish perception than you might have expected. >> absolutely. >> we rarely get a 50% on a question of that time, simon. you're right. that does not bode well. thank you. >>> are c.o.o.s a thing of the past? also a hotel chain that will let you relive your college years if you'd like. >>> french chefs are fed up with online reviews, and female coders strip down for a controversial new ad. that's all coming up in the power rundown. >>> do you thinks they ads undermine women? you can weigh in. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile

to the nasdaq now and seema mody, fifth straight day of gains for the nasdaq. >> it is, sarah. it's the breakout in tech and consumer names that are powers the nasdaq to in highs. on track for the strong -- as geopolitical tensions ease and traders put more focus on the stronger than expected economic dat that that came out. theres a lot of stock-specific stories. apple trading above $100 a share as well as the split adjusted record close. morgan stanley says apple is attractive giving positive earnings revisions ahead of the iphone 6 and iwatch product cycle. another bright spot for the nasdaq, because a lot of these names are underperforming. ross stores the best performing stock on the nasdaq 100 after tjmaxx. dom, over to you for a market flash. >> how about another downside move? s in a reality check for el pollo loco. analysts are starting to weigh in, and results are not too pretty. it says the quiet period has ended. they can cover the stock iffo. baird is beginning cover an. jeffries starting with a hold and $30 price targets. and a $22 price target. investors are taki

the i want to start with you, seema. tell me what it means for this investigation going forward in a very narrow legal sense, what a finding by the medical examiner of homicide means. >> it means that now the district attorney's office can file charges against the police officers for homicide. but what it really means, the sad reality is that it's going to be presented to a grand swrir. the fact the grand jury may or may not indict, that depends on the status of staten island. as many of you know, staten island is largely white. and they have done this before. perhaps you remember majerle graham in the bronx where they presented to a grand jury and the grand jury doesn't indict. i know staten island well. i practice in staten island. i have a strong suspicion this case will be dismissed by the grand jury. also, because these ems workers, officers, will testify in front of the grand jury and they may display some type of empathy, they may get that from the grand jurors. >> let me ask, if that were to happen, and we don't

eric and seema, you both side wafer taking the stand in his defense was a flash point. listen to him make his case for self-defense. >> i can feel the floor vibrating. windows rattling. i don't know what's happening. scared. >> have you ever felt this scared in your life? >> no. i didn't know where this was going. i thought somebody was coming through the door at any time. >> why did you pull the trigger? >> to protect myself, defend myself. it was them or me. at that moment. >> was it that they didn't believe him or that it wasn't enough for them to believe it warranted the action? >> i think it wasn't enough for them to believe him. because when you have this case and different statements, that's what can kill it. that can eliminate the defense in that issue. if you believe part or all of the testimony, i believe that's what they did. >> for instance perhaps he was trying to just scare them off. perhaps he was trying to fire a warning shot. and this wasn't presented to the jury. again with the screen door. we still don't know how the damage occurred. rev, i'm saying t

>> seema, thanks so much.pits, rick santelli at the cme group in chicago with the latest on rates and the job reactions as well. >> it's an interesting session, scott, because you could call the number a disappointment. it isn't a disappointment. it's less than we were looking for. it's not bad. just like the rest of the economy. not bad. could the number be better? yes. could the economy be better? yes. it's probably one of the reasons why as you look at this chart of tens, ten-year yields are lower. two-day chart, ten basis point spread. we popped yesterday because of the compensation used to be about jobs, jobs, jobs. but now you cut them in half. if we look at the dollar index, it's been volatile lately but holding very well. best level since september. flip the chart, here's the euro versus the dollar. at the worst level since november. the dollar strength is based on the weakness in europe. back to you, david. >> thanks very much, rick santelli. >>> coming up, it's only been about a month since gopro's i