see seema, a fantastic day, a lot coming up. >> a record high for the dow.ake a look at how futures are shaping up here on tuesday morning. a lot of earning to look at, in terms of walt disney, priceline among others here on futures trading mix, dow jones industrials down by 2 points, s&p down by 1 point. a lot of fed seekers coming up we're looking at a ten-year field at 2.6%, so a bit higher >>> economic data out of china overnight, chinese missing expectations, the nikkei off by 0.3% and shanghai up by 0.1%. shaking that data caoming out of china. a bit of a mixed market. they've been hovering between gains and losses the dax in germany, you can't get more flatter the german dax, ftse, in uk, all up by 0.1 of 1% overall. seema, the economic data we'll talk about in just a couple minute but still not having that wailing effect that people thought it was going to have either in asia or europe >> it's interesting, the minors in the uk lower on that underwhelming chinese data we'll get you more on that take a look at oil, we do have opec leaders meeting in ab

seema: and they have the categories that people want.and then they are benefiting from people's ability to buy apparel at lower price points and jewelry that you are referring to with walmart and target. brandsthe affinity for with the advent of online and is so much price transparency you need to have the private label. that is why target is adding private-label in every category. they are able to have something unique to have the customer come in. scarlet: you mentioned online where amazon is being the killer of everything. yet, you have walmart in particular being aggressive with its online strategy. it was seen as being behind amazon couple of years ago. has it caught up to where it needs to be? seema: i wouldn't say it has caught up, but it is making progress. you are avoiding the direct infrastructure spend by buying the fulfillment and everything that jet provides. box,ou have, think birch you have those other brands. if you think of the size of those deals compared to walmart, they are very small. it makes them a more formidable

. >> i'm seema mody in for sara eisen.head of her first single release in more than three years, we're throwing it back to the best of taylor swift you feel 22? >> i don't i feel 32. but i took one for the team for this throwback >> i'm a fan of hers excited to check on the new album. >> so am i before we look at global markets, let's go to the story that everyone is talking about we have a winner, one lucky t n person in massachusetts is roughly 7 $59 million richer today after hitting the powerball. that's a pretax number the lotto spokesperson saying the winning ticket was sold in watertown outside of boston. it's not clear who bought that lucky ticket, but they are the single biggest lottery winner in u.s. history i have not checked my numbers yet. >> it's important to do that just because there's a winner doesn't mean you don't have some money out there. >> on the way in, i was hopeful i could have won the whole thing until i learned it was bought in boston >> a lot of demand in new york ticket sales in new york toppi

i'm seema mody materials standing ow as one of the leading s&p 500 sectors. this as copper hits a fresh all time high here in early trade. freeport is the top performer up more than 3% the rally in copper prices also helping lift emerging markets. some of the commodity producing nations like brazil getting a boost from copper's climb. in fact, the brazil market is up 2% hitting a six year high now we'll send it back downtown for the start of "squawk alley." >>> seema, thank you good morning it is 8:00 a.m. at facebook headquarters in california 11:00 a.m. on wall street. "squawk alley" is live ♪ >>> good tuesday morning jon fortt is back with us finally. sarah eisen and joining us this morning, robert w. baird, collin sebastian and ed lee good morning nasdaq is trying to bauns back from three days of loss this is morning. we're seeing pretty good action in the faang names that are leading the way. prior to this morning, it was a mixed picture for the basket of tech stocks. a mixed picture for faang and for the month, netflix down 9% alphabet and amazon are un

i'm wilford frost. >> i'm seema mody. currencies are the big talker with a pronounced move in the eu euro trading at 1.20 against the u.s. dollar. the size and speed is now up over 5% against the green back in that time span. here, higher by around .07 of a percent. what is prevalent is not just today but when you take a look at the pound at the u.s. dollar. across august and the year of 2017, the dollar index down just about 10%. that, of course, has had an impact on asian and european stocks take a look at how we traded in asia the escalation in geopolitics, also, a big talker today and a big concern. we have seen many missile tests in north korea under the young leader, kim jong-un. japanese nikkei closing at a four-month low, a sizeable loss of .05 stronger yen not good for japan's exporters. hang seng lower by .03 >> surprising not to see bigger declines in asian equities but higher in the japanese currency. if we look at the european move in equities, sharply lower the fact that they are so significantly lower is a

i'm wilfred frost along with seema mody this morning. now to the must read stories my picks in the financial times is titled "trump's rhetoric on north korea is a dangerous echo of pyongyang." shawshank joshy writing pong youi can't think must know that it will invite damage there's no problem in mr. trump saying so. but such threating must be delivered with solemn precision. this goes through when various leaders have drawn red lines or made threats in terms of rhetoric and whether they were successful or not. and the very careful timing precision with which they were worded clearly president obama made a red line threat which wasn't stood to and basically criticizing not necessarily the intention behind what president trump's been doing but the looseness with which he's done it on various tweets a good analysis of that and various other red lines drawn over the last hundred years or so >> the rhetoric is a key part of this story all right. my pick is on "the wall street journal. "new york's liberal subway war." the editorial board writ

seema, attorney general jeff sessions condemned racial bigotry last night. what will these civil rights investigation ultimately look into here? >> it will look into whether this is a hate crime, and to constitute a hate crime, it's basically crime plus prejudice, so the crime being the driving through the crowd, the killing someone, the murder. now we're going to look at was that precipitated by a feeling of prejudice, and such is this vanguard america group, that's a perfect example of evidence that shows this man had bias in his heart. >> joyce, let me go to you, because fields was charged with several things. one count of second-degree murder, three counts of malicious wounding, and one count of hit and run, intended failure to stop with injury. can james alex fields jr. legally be charged, given the evidence that we've seen so far with domestic terrorism? >> so, these charges, the state charges, were filed in order to hold field in custody for this period of time, to ensure that he couldn't get away from the scrutiny of law enforcement. now what we'll s

tamara keith, and seema mehdi, thank you, and meantime, that is going to do itt for me, and thank youching and i will see you tomorrow morning at 9:00 a.m. eastern and meantime, richard lui is going to take ak look at a historic travel ban and why naacp is issuing a travel ban to one southern state. using artificial tears often and still have dry eye symptoms? ready for some relief? xiidra is the first and only eye drop approved for both the signs and symptoms of dry eye. one drop in each eye, twice a day. common side effects include eye irritation, discomfort or blurred vision when applied to the eye, and unusual taste sensation. don't touch container tip to your eye or any surface. remove contacts before using xiidra and wait at least 15 minutes before reinserting. chat with your eye doctor about xiidra. >>> hello, everyone. i'm richard lui at the msnbc headquarters in new york. we hope that you are having a great saturday so far. president trump in new jersey for a 17-day escape, but he cannot escape the drama surrounding the administration. the special counsel mueller is now askin

i'm seema mody in new york. >>> why is the market not reacting to the north korean missile launch or even the devastation of the historic flooding in and around houston texas? jack avalon joins us to share husband thoughts. always good to have you, jack. welcome back to the program. >> nice speaking with you, sue. >> you know, it is curious to see the resilience that this market seems to be exhibiting in the face of the north korean provocations and also the flooding. what do you attribute that to? >> well, i think the main concern among investors this morning going into the market is, as you mentioned, that the market set the market at the open was down over 100 points in the dow and i think it was that investors worried what the -- trump's reaction would be. the fact is because he didn't take the bait, he more or less said, we'll see, and focused instead on houston and the devastation there i think relieved a lot of investors that this wasn't going to rachet up to something that, you know, would run out of control. so i think from that perspective things started to cool down, inves

. >> seema mody. >> we saw the s&p 500, up 0.6. encouraging given a lot going on last week. this morning we are pointing a little low, the dow lower by 22 points, nasdaq by 12, s & p by two points gasoline futures sharply higher, harvey knocks 15% of capacity off line more on that in a moment we've got gas prices up around 4% this morning. >>> the latest on the situation in texas following hurricane harvey these are pictures from the houston area, much of the fourth large city is underwater flood waters swallowing entire neighborhoods as they race to help stranded residents. here's the latest. more than 20 inches has fallen in houston in the past 24 hours, more expected in the coming days two deaths blamed on hurricane harvey more than 218,000 people are without power. some 13 million from san antonio to lafayette, louisiana are under flood watch warning. the white house announcing that yesterday president trump will head to texas tomorrow to survey damage. >>> we have full team coverage of this rapidly unfolding situation, contessa brewer is standing by in houston brian sul

seema mody is out there where the launch took place earlier today.orter: the big challenge for samsung is regaining consumer confidence after the tumultuous global recall of the note 7 last year a pr nightmare it cost the company billions of dollars. as part of samsung's comeback strategy, it unveiled the galaxy note 8 here in new york, a very flashy event they rolled out the red carpet for investors, analysts and tech enthusiasts. it's a big screen. 6.3 inches much higher than what's in the market right now a powerful camera. that got a lot of buzz today optical image stabilization. a dual-camera lens the price point, well, it will cost you reportedly over $900 depending on the carrier that you have keep in mind, this phone also comes with a nifty accessory, the specialized "s" stylist pen. the question is whether tit's enough for iphone users to switch here is what one iphone user told us. >> i use an iphone right now it's likely i'll switch to whatever the next iphone is, be it the 7s or 8 the note 8 has given me reason to reconsider that it is a

let's get to seema mody. >> european stocks following for a second straight day. by the travel and leisure sector following that deadly terror attack in spain remember, past terror events have impacted foreign travel to europe take a look at the airlines, discount carrier among the biggest losers along with international consolidated that is the parent of british airways and spanish airline iberia air france lower by 2% as well as for hotels, melia of spain is down 2%. intercontinental hotels also lower down by .7%. if the travel and tourism companies that are feeling the pain tui, thomas cook under pressure. tourism, an important part of spain's economy and making up about 11% of the country's total gdp. according to the travel website, barcelona is the fourth most popular european summer destination behind paris, rome, and dublin we'll see if travel trends will be impacted by the latest barcelona attack carl, back to you. >> seema, thank you so much. seema mody back at hq. let's get a news update with sue herrera. >>> thank you very much. here's what's happening

seema kotecha, bbc news, birmingham.ss breast operations has had his sentence increased. it is now 20 years. ian paterson, who left victims scarred and disfigured, was handed the prison term in may following a trial at nottingham crown court. our health editor, hugh pym, is at the court of appeal. the court has increased his sentence then? that is right. the court of appealjudges, in their sewing up after the hearing this morning, made it clear there was no precedent for this, a doctor carrying out these acts, wounding with intent in 17 different cases involving ten different cases involving ten different patients as victims. there we re different patients as victims. there were many more patients are affected by ian paterson's actions. the criminal case involved the injuries and the huge damage he caused to ten victims. what they said was the original trial judge victims. what they said was the original trialjudge at victims. what they said was the original trial judge at nottingham crown court had basically got the leg

. >> thank you we'll send it back out to hq seema mody with the european close. another strong euro day. >> true. european stocks as a whole beginning the week in the red. and we're paying close attention to developments in spain you heard about that with sue her air yachlt we saw volatile moves today and we'll continue to monitor the situation closely. down just about .2%. moving on to m & a france's total agreeing to buy ap muller maris oil and gas business it's a $7.5 billion deal total says that the acquisition will strengthen the north sea operations as well as boost earnings in cash flow. they say the deal will allow the danish shipping company to focus on the core business both stocks are higher fiat chrysler switching to auto. sharply higher denying a report that they're drawing buyout interest in china's great wall motor. shares of fiat have been on a terror since a report last week saying an unidentified well known chinese automaker made an offer earlier this month that stock up p 7% keep in mind, china's m & a already down 40% this year compared to las

seema: i think they expect better sales.ly was stronger and they ended it at 7.9% for three months. to be fair, home depot and tractor supply also had a strong comp in july. julia: what about opening hours? increasetrying to opening hours. seema: they are investing in promotions and in the store when they feel like they will have higher traffic. the question is, will actually work? is that enough to improve sales? i think that is a wait-and-see but it will definitely impact margins. julia: better than a loss, i guess. have you on.to something else you want to keep an eye out for, a conversation with the ibm ceo. she talked to david rubenstein. how the company is reinventing itself. d: ibm is a hardware company, a software company, a consulting company. what you think it is today? >> keep going. when i say and enterprise at a deade are intersection of tech and business. as he said, it will rebuild overtime hardware. then, we've layered it with software. we built integration onto that services and we are becoming a cloud in a

seema moldy has been waiting patiently for them how did they look?'s a beat from marriott, the world's largest hotel chain operator $1.13 adjusted the street was looking for $1.02. revenue at $5.8 billion. that also higher than what wall street was anticipating helped by stronger performance in europe and the asia-pacific region the company also adding roughly 16,000 rooms during the second quarter, including nearly 2,300 rooms converted from competitor brands hand more than 5,900 rooms in international markets we know international is important for marriott after announcing today that joint venture with alibaba which experts say will help them expand their footprint into china. specifically the chinese online travel market and also want to point out the stock not doing a whole lot after hours and this is a stock that's already up about 45% year to date we'll be on the conference call and be sure to get you all the details around the alibaba venture as well as the acquisition of starwood. back to you guys. >> certainly investors seemed excited about

thanks, seema. the close here as we set lows let me just show you the dow it's just been a slow roll south here through much of this day, and we are setting these lows for the session. very quickly before i bring art cashin in. just some of the other markets, as they sold stocks. they were buying bonds so the yields were going lower. the last year i checked the ten-year it was at 2.19 and as rick santelli pointed out 2.13 was the low for the year we'll see if that can half gold continued higher. we're strengthening into the close there as well, up $11 now on gold to 293, so that's two days in a row that we've seen pretty good gains there and, of course, the vix is moving higher we're back about 15 now on the fear indicator i've got art cashin here with me, bob pisani also joining us as you were saying, you saw the market on close orders skewing tots buy side, but the market wasn't responding at all in fact, we were seeing a lot more selling right now. >> yeah. at about the become we had over $1 bill

. >>> european stocks closing a few moments away seema? >> down day for european stocks. a long time global investors overlooblgd the geopoliticalsh with a sharp tone and rhetoric used by the u.s. -- and kim jong-un has resulted in escalated tensions first french industrial production tumbling. in a separate note, inflation in denmark tripling to a more than five-years high. the ftse down. there's been talk of symptom from racing it rates trading at 118, of course this flight to safety sending the yen higher against the greenback in terms of stock on the move, glen coshares falling despite there was no announcement around the different, but the stocks, have had a nice run-up up 10% angloamericas up almost 20%. let's also talk about the uk travel operator reporting strong results thanks to robust performance in the cruises and hotels, and overall a rise in summer travel to hot destinations in europe line spain, greece and italy. the chief executive said prices and demands for the highly coveted destinations, more affordable like bulgaria and cape verde could rise in popula

i'm seema mody in for sara eisen. >> i'm dominic chu in for wilfred frost. we'll have the latest on all of that barcelona action. let's check what's happening with the global markets. we're seeing a reaction to what happened in barcelona and what happened yesterday in u.s. markets. futures pointing to marginally lower opens following on yesterday's big losses the s&p 500 opening up down 3 points if futures stay where they are the dow down about 11 points as for asia, we saw weakness there carry over from the markets. indexes mostly in the red. the nikkei off by a percent. the hang seng off by a percent the shanghai just about flat the kospi is off by 0.1% as for europe, negativity continues there. some major markets there, the dax in germany off by close to a percent. the cac in france off by over a percent as is the ftse 100 in the uk >> travel and leisure the worst performing sector in early trade in europe. >>> a massive manhunt is underway in spain for the terrorist who drove a van into a crowd of pedestrians in the heart of barcelona yesterday early thi

seema mody went to the launch event in new york. >> reporter: this launch is seen as samsung's redemption moment yes, samsung made the screen bigger and the new galaxy note 8 has two rear cameras for the company, it's about a lot more than a smartphone last your's global recall of 4 million galaxy note 7s was a black eye for the company. exploding phones went viral, costing the company $7 billion now samsung is hoping to extinguish those fears with one of the largest devices on the market >> i think it's a very sexy phone. i think it's a good rebirth of the note brand samsung has figured out a way to make larger and larger screen devices without making the device really large. they kind of invented the fablet category, because everyone laughed at large phones beforehand, and they stumbled terribly last year >> reporter: but one of samsung's biggest challenges is whether it can stand out from its competitor >> i use an iphone now, so i will hold out fo the iphone 8 or 7-plus i like to see what's out there before i make a decision >> reporter: apple is expected to launch the next iphone in

let's go to seema mody >> reporter: the dual-lens is being unveiled with samsung in the launch of they 8 two 12-megapixels on the back of the phone. this increases the picture on the phone, especially in dart-lit settings. and the overall functionality. something samsung tried to make a point of in the presentation the sheer size really notable as i hold it in my hand 6.5 inches, making it one of the largest devices on the market, much larger than the apple iphone 7-plus that measures around 5.5 inches. but samsung says this makes the phone more functional, more versatile, also the ability to multi-task in fact, if you go to the home screen, you can see there's multi-window mode, which basically means you can launch two apps simultaneously. right now here on my phone, i have the google maps and google music. what is also notable is the s-pen, which has been enhanced, great for notetaking of course, the whole event has been seen at samsung's redemption moment after the note 7 recall last year the big challenge will be not just today's event to see what customer reception is like, but a

. >>> europe closing as we speak let's get to seema modi at hq >>> we're keeping a very close eye onry out of barcelona. meantime, the decline is being led by a selloff in the banking sector after yesterday's release of u.s. fed minutes raising questions as to whether the central bank will raise rates again this year. tis istoxx index down 1.5%, the euro falling to its lowest levels in the month following the release of the minutes from the ecb's july meeting minutes they show policymakers expressing concerns about a possible overshoot in the eurozone currency which could impact the ability to boost inflation. look at the uk because britain's chamber of commerce out with data indicating exporter confidence softened due to currency fluctuations and a shortage of skilled workers post-brexit. as for consumer uk, retail sales up 3%, matching a downwardly revised june figure. food and household items were the only sectors showing growth. the pound at 1.28 against the greeneback kingfisher down 4% after europe's largest home improvement chain, not the beer company, posted a revenue miss be

that is the news update this hour >> let's get over to seema mody at hq. >> take a look at the screenstarting august after posting two consecutive months of losses we're look teg german dax. up 1%. it is a key lagger the euro, remember, stocks are down 1.p 7% over the past month. italy the standout of 4% and the banks and nonperforming. and there is growth accelerating at the best in five years. >> they're rising to 2.1%. that according to euro stats this as the ecb is expected to discuss. the currency and euro and the highs against the dollar but still the green back which really getting a lot of attention is the british pound hitting its highest level against the dollar since mid september on some data manufacturing showing strong growth in july helped about it biggest jump in export orders since 2010 $1.32 against the u.s. dollar. let's talk earnings as well. bp with a second quarter profit. oil prices and cost customering helped the bottom line and take a look at rolls royce a first half earnings beat, the aerospace, defense company citing increase in production and keep in mind t

seema, i want to start with you.e white house statement we were just reading, looking to deflect some of that criticism by the president. why did this not come directly from the president? >> that's the big question. republican senators are calling on him to strongly condemn this, to use the words white supremacist and domestic terrorism, they want to see it come from the president's mouth, not an anonymously sourced statement. beyond that, this was a real test for the president and americans in times of tragedy, natural disasters, school shootings, we look to our leaders. this was a missed opportunity for the president. >> let me go to you. i want to play charlottesville mayor michael singer reacting to president trump's alliances. let's all watch that and talk about it on the other side. >> sure. >> old saying, when you dance with the devil, the devil doesn't change -- the devil changes you. and i think they made a choice in that campaign, a very regrettable one, to really go to people's prejudices, to go to the gu

. >> sue herera, thank you very much let's go to seema modi with more >> the banks are among today'sers we'll look at standard charter of the uk down sharply this is an emerging markets bank not ready to start paying dividends again. that news overshadowing the 82% jump in first-half profits that stock down over 6%. and then societe is posting earnings in equity trading in the second quarter and stocks are moving lower despite quarterly results to exceed forecasts no change in guidance is disappointing investors. keep in mind, ferrari is one of the best performing stocks in the index up 60% year to date. >>> let's also talk tech apple's upbeat earnings and revenue guidance giving a list to u.s. and european suppliers take a look at the dialogue from ams that specializes in sensors with the stock up over 4%. >>> and currencies are in focus. the euro breaking 1.18 against the dollar, the highest level since january of 2015. the uk pound also in focus hitting an 11-month high versus the greenback. bank of england kicking off the two-day policy meeting and it seems like policymakers are

they will show up again with those guns and body armor. >> seema, reverend al talked about the deadlyar attack. some are already calling this an act of domestic terrorism. it's a second-degree murder charge. from your estimation, you haven't gotten first hand to look at this, when many people saw this, they said this is vehicular homicide. >> great question, stephanie, and the reverend and i were discussing this. so virginia has three types of murder. they have capital murder, first down, and second down. capital murder would require some planning done on purpose with evil intent, so it seems that this could fit. also, this certainly could fit into a first-degree murder charge and this case will be presented to a virginia grand jury. it is possible it could be elevated from second-degree to first-degree. and so e everyone understands there's this separate and concurrent investigation being done by the feds and they will look at domestic terrorism as well as whether this is a federal hate crime. all of which seems to apply. >> then let's step on free speech and hate speech. this was an

our midlands correspondent seema kotecha reports.aste is no stranger to some parts of the city since bin workers went on strike five weeks ago. they say it's over conditions and pay cuts. each day they strike for three hours. and at this florist, it is causing alarm. it is unsightly and it is unhealthy for anybody. we have got rats around. we have got foxes around. and every day it is a question of re—bagging stuff and just sorting of re—bagging stuff and re—sorting stuff and making sure that it is as tidy as we can keep it. we pay for this service quarterly, in advance, and it's not cheap either. for them to just not do it and ignore us isjust very bad. this pile of rubbish is sat next to a chinese restaurant. and this weather means the rotten food inside is getting wet and therefore it is smelling a lot worse. now people who live here are taking action by cleaning it up themselves. the whole purpose of this is to encourage everybody else to stop relying on the council, roll up your sleeves. and if you can't do it, get in touch with

seema kotecha, bbc news, birmingham. so what's scottish whisky got to do with brexit?in campaign. but now it seems many have had a change of heart — buoyed up by the prospect of one—off trade deals with countries like india, where they currently face massive tariffs. 0ur scotland editor sarah smith reports. the barley, the water and the weather, make islay malt unique and, on this small island, whisky is very big business. almost 90% of scotland's amber liquor is exported overseas, so brexit will certainly be felt here. small distilleries like kilchoman do not want to lose the protected status for scotch whisky offered by eu law and they worry about the bureaucracy that leaving the single market might entail. whereas it was very easy to export into europe, it's now going to be a little bit more difficult. and certainly, for smaller companies, i think that will have an impact, because of the amount of people that we have to comply with all the new regulations. many of the island's distilleries are owned by big firms that supported remaining inside the eu. but they are n

first to seema mody who has been seeing the world all day through rose-colored glasses. >> hi, brian,nial women are saying yes way to rose. we'll tell you what's behind the rose wine craze and who is profiting off of this boozy trend when "power lunch" returns. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. >>> it's time now for trading nation, and let's take a look at act vision blizzard. one of the best performing tech stocks in all the land up 70% year to date. quite the run here we've got matt mailey and mark temper mark, would you own it or sell it right now >> i think we'd be owners. act vision is a really intriguing play. the growth opportunity is

seema mody is breaking it down. >> reporter: shares of marriott moving lower by 2% after hours followingng guidance th short of expectations. the company's push into international really a key focus during the conference call when it were tan pertains to ee euro/dollar country has had a role >> improving economic growth and greater u.s. demand driven by the stronger dollar. as a result, europe's rev par rose 7% on strong performance in the second quarter >> reporter: sorenson focused on the new tie-up with allibaba saying china outbound travel is growing. visa processes, to facilitate travel many chinese are traveling on their own versus in groups marriott continues to increase the number of hotels in shanghai and across the mainland. in terms of stock performance, the stock is down after hours, but this has been a bannermarri outperforming peers, hilton and hyatt among others. >> thanks so much, seema moda marriott is down in the after hours but the hotel chain still up 28% so far this year in a year when it and other travel stocks have been basking in paradise cruise lines some of the

seema raises a glass in new york. >> once referred to as cheap and unsophistica it in fashion, becoming the quintessential drink of the summer. increasing its rose st selection currently with 75 still and 50 sparkling rose offerings. >> we're going through a pique now and there's also a great variety of roses, different styles, different colors. and people just want to try new roses. >> sales are up 60% over the past years, more than cabernet and shochardonnay. it's become so popular, wineries ran out of their signature summer in a bottle, but they have others available. what's behind the strong demand? think pink. experts say e colo packaging, versatility and price typically cheaper than champagne. and in the very modern twist, social media buzz has also contributed. the hash tags have been prevalent on instagram, so much that with two women started their own brand selling rose inspired apparel and accessories. >> every summer, we double sales. >> key customer is women, mostly. >> experts say as rose wine evolves, demand will continue. for "nightly business report," >> rose sounds pret

but in the meantime, let's get to seema mody with the market flash. seema? >> hey, brian, i want to draw yard attention to the dow transports index near such a low, down close to 2% the index on pace for its worst day since july 27th. all components trading in negative territory airlines leading the declines. american, delta, southwest, alaska among the key laggards. and take a look at shares of jetblue, down by the most, off by about 4% on pace for its worst day since july 27th. morgan stanley cutting the airline's price target to $23 a share, but maintains an equal weight rating. overall, transports are up still about 2% so far this year. but clearly, a tough day guys, back to you. >> thanks, seema yeah, i should note, every single component within the dow transports right now is in the red. we've seen a slightly stronger dollar that certainly has an impact but also, perhaps no more than any group that's publicly traded these guys stand to benefit the most from fiscal policies. tax reform, insure spending, you name it, they've been lagging for the past mon

seema mody has that story.ap and unsophisticated, thanks to smart rebranding, rose wine is in fashion, becoming the quintessential drink of the summer. >> i feel like we're going through a peak right now. and there's also a great variety of roses, different styles, different colors. and people just want to try new roses. >> reporter: sales are up 60% over the past year. it's become so popular this mil ran out of their sibt sumner a behind the strong demand? think pink. it's the color, packaging, typiy cheaper than champagne. and in a very modern twist, social media buzz has also contribu the use of catchy hashtagve instagram, so much that two millennial women started their own brands selling roses, apparel and >> every year we double our sales. >> key customer is women mostly. >> just the right amount oft. >> we've been actually freezing it. >> it's been hip for a few years now. >> and experts say as rose wine evolves, demand will continue. canned rose has been a big trend. in fact, sales of the broader canned

. >> seema, thank you. >>> that's the show for today, i'm becky quick, thank you so much for joining us. next week, a wall street investor who is funding the search for a cure for parkinson's, got a very personal stake in this fight this is an interview you don't want to miss >>> each week keep it here, we're "on the money" have a great one and we will see you next weekend cheers i love you, couch. you give us comfort. and we give you bare feet, backsweat, and gordo's... everything. i love you, but sometimes you stink. soft surfaces trap odors. febreze fabric refresher cleans them away for good. because the things you love the most can stink. and plug in febreze to keep your whole room fresh for up to 45 days. breathe happy with febreze. >>> hey there, we're live at the nasdaq after a wild week for the markets, the guys are getting ready and here's what's coming up on the show >>> i love gold. >> after the week gold just had? there's much to love and there's something in the charts that suggest it's going to get even better >>> plus, it's the question traders dare not ask >> is there

. >> let's send it over to seema mody for another quick earnings alert.ech and sequencing illumina shares higher earnings 82 cents adjusted, well above what wall street was expecting and sales topping analyst estimates. the ceo souza says expectations of nova exceeded projections stock up, wow, 9% here bill >> yeah, wow thank you, seema see you later. so apple is up about 4%, a little less than that after reporting the earnings 4.5% now it's moving higher up next, a shareholder weighs in on the results and whether he's tethed to buy on the nbe seumrs afr is ♪ there's nothing more important than your health. so if you're on medicare or will be soon, you may want more than parts a and b here's why. medicare only covers about 80% of your part b medical expenses. the rest is up to you. you might want to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like any medicare supplement insurance plan, these help pick up some of what medicare doesn't pay. and, these plans let you choose any doctor or hospital that a

back to you. >> i love that >> seema, thank you very much. can you imagine if they made a phone without a selfie camera. it wouldn't sell a single copy >> please, somebody, please. >> seema, thank you very much. for more on what the debut means for samsung and whether this could erase the bad memories, let's bring in ed lee. afternoon to you >> toompb you guys yes. >> to me in a way, it's almost the android oreo software that's quite interesting here it has functionality that i think sounds quite useful. what about the hardware piece of this in terms what do you think? where is it pushing the edge on innovation >> 6.3 inches, this is huge. and i actually was blown away by the price point, nearing $1,000. it's getting more and more expensive. it also tells you at the same time, you know, smart phones are basically cut into computer sales. no one really needs a computer at home -- >> but when it's $1,000. >> it's that big, you're not going to need a laptop or tablet or even a desktop at home. so it really is going to be your single news device

>> seema, thank you very much. to john merrill about this in just up moment but first back to contessa with remarkable pictures. >> we're actually on a bridge and the water is up to a guardrail and look where it is in comparison to the power lines. we've seen first responders heading down the river presumably to check to see if people are stuck inside their home this is an area -- alex, can you pull up and over the vehicles where we can see some of the submerged -- the cars have just been abandoned in the middle of the road because the water is so high, and -- and it's coming up over their rims. now, again, we're in high-profile vehicles. a medical clinic is over on this side where you can see that the water has covered the parking lot. i'm just checking on the other side to see what we can see. all right. it looks like we've got some maybe national guard first responders, and i see crews of -- it looks like to me swift water rescue they have got helmets, life jackets. they are all coordinated and ready to go down

. >>> let's get a market flash with seema mody. the u.s.r hitting its lowest level against the euro in more than 2 1/2 years. it's another fed rate hike happening, also the expectations of the european central bank scaling back, following better than expected growth data. melissa, we're looking at the euro seema, thank you >> a slightly read steve liesman joins us with the details. >> at 188,0078,000, that's stila strong reading june payrolls revised upward by gdp, so that's 191,000 for june. the good sector in july up a bit, but services doing stronger at 174,000 there's the non-farm payroll estimates which we get on friday wall street is looking for a decline from the strong june report of 220 so any number over 100,000 that could be enough to bring down the unemployment rate here's where the jobs were pretty broad-based here. manufacturing having a bad month, according to adp. we'll see if that's right on friday >>> warehouse versus retail jobs, it looks more and more jobs that helped consumers in brick and mortars have become order-fill

i'm seema mody materials standing ow as one of the leading s&p 500 sectors.as copper hits a fresh all time high here in early trade. freeport is the top performer up more than 3% the rally in copper prices also helping lift emerging markets. some of the commodity producing nations like brazil getting a boost from copper's climb. in fact, the brazil market is up 2% hitting a six year high now we'll send it back downtown for the start of "squawk alley." >>> seema, thank you good morning it is 8:00 a.m. at facebook headquarters in california 11:00 a.m. on wall street. "squawk alley" is live

the world's largest hotel chain reported income up 68% but shares fell on the plymouth forecast seema mody has more. >> marriott, the world's largest hotel chain reporting better earnings, much higher than what the team was expecting revenue also a beat at $5.8 billion but i also want to draw your attention to net income second quarter net income totals $414 million a 68% increase over the prior year period. management says a lot of this has to do with strong performance in asia-pacific and europe the company pointing out some strong markets like shanghai, barcelona and london asia has been the big focus for marriott today the big news that the company is signing up with this joint venture with alibaba the stock is up higher, already 45% year to date, making the best performing hotel stocks this year. back to you. ♪ >>> ey says, quote, unprecedented market disruption is pushing companies to divest over half of the firms surveyed by ey said global and political insecurity drove sales diversity leader at ey joins us to discuss the support of the rest of the industry and divestments for

seema mody >> okay, now to sports the olympic torch coming back to los angeles.s reached a deal with the international olympic committee to host the 2028 summer games that agreement clears the way for paris to be awarded the 2024 olympics part of the deal, the ioc will advance $1.8 billion to l.a. in recognition of what's now going to be an 11-year planning period, and to increase youth sports programs. l.a. has hosted the olympics twice before in 1932 and 1984 we should say 1984 was, i believe, the most profitable olympics in history. historically, most of these cities have lost enormous amount of money, and part of the pitch that l.a. made was actually the sustainable and reused many of the things you're looking at a shot of the coliseum right there, and the coliseum will play a major part in that olympics >> when the 2018 olympics are? >> excuse me >> do you know where the 2018 -- >> in seoul. >> south korea >> yeah. >> right next door >> are they thinking about that at all >> you know, it's -- for south korea it's always been a binary situation. >> right they

>>> seema ire joins us along with my panel. to obtain this kind of search warrant, would robert mueller not have had to convince a judge that there's probable cause? absolutely. that's a good point. i think what happened and what "the washington post" did report is perhaps manafort was not turning over all the documents. you have the greatest legal minds in financial and banking on this team they knows if one piece of paper is -- predawn means nothing. of course they have to do it predawn before you have time to hide the drugs and the guns, right? >> or the paper in this case. >> exactly. but for you does this change the math here at all? the last attorney mueller hatted is from the enron task force. they have an understanding of following the money. >> i think it's a normal point in the entire plan. i think this is completely expected. i think honestly sometimes the media, every day, my god, there was a raid, oh, my god, there was a note. it's the normal course of business and it will be going on for another year, right? >> it

>> all right, seema. thank you. final word from everybody.bounce lasts. boast stocks -- both of the stocks. >> david, what about you >> people will get statements and not excited about how equities came off a difficult period their bonds are going up, emerging markets going up. at global reflation trade is back on, and all asset classes are enjoying it. >> consumer confidence number was pretty hot tony, last word. >> >> i'm with mike. i'll be a bit skeptical. i'm not sure if you can grip it and rip it but next year we'll have a lot more upside on the back better fundamental trends that we're talking about. >> all right we haven't even gotten back to school yet i'm not ready for 201. thanks so much for joining us. tony dwyer and david bonson and we very to look six months forward. not ready. members of the marine corps going into flooded port arthur, texas. here's some footage from the crew that rode in the amphibious assault vehicles with them just in the last hour did you see that water splash up holy cow coming up, more coverage of the harv

seema, thanks very much.from washington back to john harwood >> white house press secretary sarah sanders just put out a statement in response to the "wall street journal's" report about robert mueller she is quoting ty cobb as saying they're not aware of a new grand jury and she quotes james comey as having told the president three different times he was not under investigation and the white house has no reason to believe that has changed, so they're not acknowledging or recognizing thispotential development report by the journal. >> all right, thank you, john. that's the latest out of washington meantime, it's that other time again. i'm going to try to stump santoli. >> mike, mike, mike, mike. >> will this winning streak continue he was three for three last time we're going to find out next from at&t you can get unlimited data and live tv. the channels you love. your favorite shows and movies. making your iphone into more of a... oh my tv is ringing. hey...i'm in the middle of a...a second iphone from at&t?

that means the european markets are closing up seema mody back here with the european close good morning>> in the move and global assets, it does suggest that north korea is starting to be treated as a real threat this wasn't any missile test it was the first missile test that crossed over japan. the first one since 2009 in response to the flight to safety the german dax off the lows but still seeing one of the worst days of the year the outside reaction certainly part of the story. today they said the rising euro is almost certain to have an impact on exports and the trade surplus. perhaps alleviating tensions with the white house which has been trying to reduce the deficit with trading partners like germany meantime, take a look at the euro a big talker of the day up now up -- excuse me, trading at $120 against the u.s. dollar. and in term of where we saw the selling in terms of the european equities, selling in banks, that was a prevailing theme today commerce bank, deutsche bank among others down about 1 to 2%. the german ten year yield is falling at 1.3%. gold trading around the hig

. >> i know, right >>> let's get europe's close here seema?european stocks modestly higher ahead of the jackson hole speeches tomorrow by janet yellen and draghi. it will be on tapering and any concerns about the strength of the euro now up 12% against the u.s. dollar so far this year retailers rallying in the u.s. but have very different story in europe look at dixons car phone of the uk they plummeted after cutting full-year guidance customers keeping their handsets longer duck growth slowed at its fastest rate in over a year. growth in consumer spending at a three-year low higher prices, weaker pound since the brexit vote is taking its toll we finish with wpp, the ad giant recouping some of wednesday's loss following the advertising giant's second warning of the year which cast a dark shadow on the sector >>> oil refiners on the gulf coast tracking the path of harvey which has been upgraded let's gk to jackie deangelis. >> that tropical storm off the coast of texas is intensifying it's expected to make landfall tomorrow near corpus christi

. >> let's send it over to seema mody for an earnings alert. >> kelly, we're looking at la-z-boy, the21 cents versus the estimates of 29 cents so missing street expectations on its bottom line. ref now at 357 million which came in a bit light as well and in response the stock is down more than 12%. in the press release executive management says that they are disappointed with the start to the fiscal year. lower volumes made it difficult to absorb higher costs and as a result a pull stream margin suffered when it comes to competition, kelly, you think of amazon target among others in the furniture space and take a look at wayfair, up about 92% year to date one. other low-cost furniture players, if you will, in this space. back for you. >> yeah, that's a tough one for la-z-boy seema, thank you very much, 12.5% drop. >>> unclaimed property law in delaware has left two investors out $12 million. how it happened and the broader implications are coming up but, first, trump's team is reportedly making big strides on tax reform, and according to politico lawmakers are looking to former repres

. >> seema mody is here. >> we're off the lows.tocks are higher mostly across the day following their best one day performance in almost a month. the german dax though giving back some of the gains from friday's rally there is data showing a surprise decline in german industrial production down 1.1% in june seasonal factors, mostly to blame. in fact, the german economics ministry noting the drop comes after five consecutive monthly increases. taking into account a 1.8% gain in the second quarter. the ministry believes the upward trend in factory outputs will continue let's take a look at miners rallying today helped by fresh increases in the price of iron ore and other commodities. keep an eye on glencor the company is due with earnings later this week. that could be a pivotal moment for the mining sector. keep in mind the stock's resources index is up 9% so far this quarter that is outperforming the overall european stocks 600 index by a wide margin china being the big story there. let's also talk retail in the uk that is certainl

seema moda at the nyse >> they blew away any p/e on revenue. it was the third quarter guidance that was disappointing. i would submit you have about 17% eps growth it still trades 23 times forward earnings i don't think it's a retick lid multiple for this company. you have trump's comments which don't think i don't think travel stocks i also think they filed a mixed shelf for an undetermined amount that will be interesting to see when and if that comes to market so what does that mean 1900 was the level about four or five months ago. my sense is that's where it holds on the way down. >> i'm having a little deja vu when they reported, it was the same thing they beat their current quarter and guided down. what did they do they just beat this quarter. i think guy you said you buy that dip 6.5% on a stock up 40% on the year all-time high? i don't think it's the end of the world. if you believe in the forward guide ents an, you believe they're going to beat it >> let's stick with tech google in the cross hairs following the termination of one of its