brent: i'm joined now by journalist seema gupta.he is monitoring the situation from the italian capital, rome. goodod evening to you, seema. i want to ask k you about this rescue effort right now. are we getting any reports of workers actually finding survivors in the rubble? seema: well, w what we know so r is that as the search and rescue o operations have contitd today,y, they have m managed tol four people out alive. wiwith that in m mind, they arae continuing the efforts t through the night. the death toll at the moment stands at 22, but they expect that figure to rise. that is because there have been reports of some missing people reported, still unaccounted for. some people injureded are in vey serious condition so they could succumb to t their injury. as we saw in that repoport, this is the eve of a major public holiday here in italy for the summer period. people could have been on that bridge heading out to the beach or the mountains. it is a major important bridge and motorway for ththe city of gegenoa, so they we onon the

seema: i have to agree with that.n you look at where trump is from here, it is a great political strategy to up the a nte on china. he has had very little criticism from the republican party on china. on top of that, trump has had a protectionist agenda or narrative for the last two decades. i don't see that changing now. after the midterms, we may see a pullback at that stage. from now until november, i would not see easing trade tensions. early 2019, you could see a turnaround as tensions fadeout. u.s., isme back to the it a good economic strategy? we have not yet seen a big bite as the result of tariffs. we have seen it in particular industries, but not economy wide. does that begin to change as they take effect? seema: it is a risk for the medium-term, 2019. in the short-term, there will be some business sentiment uncertainty about the trade relationship. you may see at some point it feeding through to inflationary pressures. certainly specific states where china is targeting, such as the midwest, you could see pu

seema mody has more on this. >> coke has struck a deal to buy costa from whitbread for 5$5.1 billion. the company says costa will give it a strong position in coffee in europe, asia and the middle east costa which was founded in london in 1971, is a rival to starbucks in the uk. it has nearly 4,000 retail locations and sells coffee in grocery stores and gas stations and has been growing in china. whitbread had been under pressure to separate costa from its premiere inn hotel chain for coke the deal leads them into more healthier options as some countries have introduced taxes on sugary drinks james quincey said hot beverages is one of the areas where coke coat la doesn't have a brand, and costa gives us a access to this market with a strong couffe platform >> this is a massive shift into retail, with the exception of disney world, i don't know if i've seen a coca-cola shop anywhere coke is yew bi popular in the ui not? >> it is if coca-cola is trying to get more exposure to the consumer, this is one way to do that >> seema mody, thank you >>> more trouble may be happening for elon mus

the winter >> it will >> matt, thank you very much >>> survey monkey filing to go public this year seemaody has more on that. >> the ipo flurry continues, this time the parent of the online survey company svmk making its public filing for 2017 the company posted a net loss of $24 million on revenue of 2$219 million that compares to a loss in 2016 of 76 million on revenue of 270 million bucks. it's unclear how much it is seeking to raise in the ipo or what is the expected price range. the company plans to list shares on the nasdaq. survey monkey was founded in 1999 providing software to people looking to gather data. it generates most of its revenue from subscriptions and has more than 600,000 paying users across more than 300,000 organizations. so it's spread out the company financed its business with a substantial amount of debt it says it had about 2$220 milt ond million in debt. sheryl sandberg is one of the company's largest shareholders with a nearly 10% stake. the ipo filing says she will donate all of her shares to her fu fund >> thank you. >>> some big individual stock stories no

our seema modi is pulling double duty seema?roku, shares rally being on an upbeat earnings report and news that it is expanding access to free streaming entertainment, plus launching a roku channel for the web. d.a. davidson says world cup in june likely contributed to roku's strock performance and key bank says roku is an attractive asset given its engagement with upon on the rating system and data while roku is a good buyout target given the consolidation we're seeing in the media la landscape, analysts say it has plenty of room to grow on its own. earnings fueled by strength and advertising and matthew thornton of sdrh says yelp's results are raised into cautious sentiment he thinks the stock should rally despite ongoing competition from open table which is owned by booking holdings shares of yelp up 11%. >> seema modi, thank you so much seema covering the earnings reports. let's take yelp. that's where seema ended what do you think? >> can i go roku first i apologize because i just saw -- >> let's do roku first >> it's alpha

seema modi is at the new york stock exchange. hey, seema. >> that's exactly right. forget f.a.n.g.hole host of online stocks were on fire this week match, yelp, iac, tulio. look at yelp, they beat on the top and bottom lines and saw solid growth in paying advertiser accounts. revenue guidance came in a little light, that stock is still up 30% for the week. investors swiping right on match. that stock soaring, and tinder had strong subscriber numbers. iac getting a like from wall street after earnings pointing to continued strength. ubs, jpmorgan, bmo capital raising their price target on iac. shares of twilio popping after the cloud communications company boasted a surprise profit compared to an expected loss and cited growth in voice and messaging products and then there is etsy, which surprised analysts, upping the full year outlook, jumping more than 10% for the week. the rally we have seen in online consumer oriented companies like these continues to speak to the overall firmness of the consumer economy. so who knows, maybe it is time to call these the junior f.a.n.g. names sco

hi seema. >> a whole host of online stocks were on fire this week match, yelp, etsy posting significant look at yelp. saw solid growth in paying advertising growths. up 30% for the week and investorings swiebing right on match and tinder delivered strong numbers and less concerned about facebook in an announcement that they made in may. iac after earnings pointed to continued strength jp morgan and capital raising the price targets on shares of iac. popping 25% after the cloud communications company boasted and growth and voice and messaging products there is etsy upped the full yore outlook and jumped 10% of the week the rally we have seen in online consumer-oriented companies speaks to the firmness of the consumer economy scott, back to you. >> seema, thank you so much. mike >> we are going to look at selling a put. buying a stock here, the stock is light nowtrading at an all-time high and want to own it as a lower price we are looking to sell options, they are extremely expensive and finally, when we sell options we improve the probability of profit so we can take a quick look here a

for "nightly business report" i'm seema modi at the new york stock exchange. >>> let'surn now to artogan more on turkey and why we should care about what's happening in thatart of the world. he is chief market strategist at f.b. riley f.b.r., good to see you again. ack.ome >> thanks, sue. good to see you. >> it's good to see you. let's talk about strategically how important turkey is and this f a he beginning of a more global trade war including china and maybe russia.>> yeah. unfortunately the global trade war, or the we're having right now doesn't seem to be going away any time soon and this doesn't help that. to put this in perspective, first and foremost, it's a friday in the summertime and any news will be larger and we've ended reaction which certainings and we've put the macro concerns behind us and you can see the switch over i today and you get news out of turkey and it escalates and the market takes advantage of it in the low-volume friday. in terms of trade it feels like there are spots that are getting better like north america, mexico aad c in the eurozone in particular wher

seema mody joins us with more on this big story >> good morning.ilray reporting its first set of results since listing on the nasdaq last month. the second quarter revenue nearly doubled as the total kilogram of cannabis also doubled. the average selling price rose driven by sales of more potent products and extracts. tilray, which is based in british columbia distributes and produces medical marijuana the company's ceo discussed the potential for growth in an interview on "closing bell." >> we are extending capacity from 15 times from where we started the year to where we will end the year. we are increasing capacity to deliver products around the world. i think you're seeing this interest from outside the industry because so many companies in so many other industries are in desperate need of growth. this is a high-growth industry that's emerging rapidly not only in canada but around the world >> tilray is majority owned by priva privateer holdings, shares are up 250% since it listed on july 19th tilray is on track to be the second best ipo perfor

seema modi is in walden, new york, for us tonight.>er >> chris bros apple orchard in new york harvested 20 million pounds o apple last year and have been graduallyas increg the amount of apples they produce, partially thanks to growing demand from overseas. d the onset of tariffs has put a number of apple orcha s at risk. >> does market pricing fall below a certain point and we nnot make a profit and the margins are pretty thin to begin with and razor thin in some situations and if that pricing falls a littl bit we could be looking at an unprofitable situation, if we're lking at an unprofitable situation, we stop investing and we stop hiring good wage jobs and you know, we'll suffer and if it goes on long enough we'll go out of business. >> if fewer apples are going overseas, farmers are worried the domestic competition between producers will intensify. another farme in hudson valley says the ongoing trade dispute andsi con over whether tariffs will depress the price of apples h made it hard to plan and predict how much demand they'll

seema, thank you so much the performance has been great >> mike ko, how do you bet on these. >> we'llok at selling a put and why are we looking to sell a put the stock is right now trading at an all-time high and we might want to own it at a slightly lower price. options right now on a stock like match are extremely expensive and finally, when we sell options we usually improve the probability of profit and we can take a quick look rid here and we'll notice that the stock traded at 51.15 or so is about where it closed and i'm taking a look at this 50 level and that seems like a risky spot when you consider where it came from and i'm always looking that the 45 level which is where the stock was earlier and specifically the trade i'm looking at is the december 50 puts and this is how expensive these options are and urgely we don't look at options that far out and you can collect 10% of the strike by selling that put you'll buy it at 50 and independent of the $5 you collect you're spending $45 at, which is the level we were trading it before we saw this sharp breakout right here. >> just

>> seema, thank you so much.ma modi at the nyse it's pretty ugly crypto is in turmoil >> it is the contrarian made lobs and crypto in turmoil and the markets in turmoil and that's when i want to look for a trading sill n trading signal that maybe we bought it. keep showing it all day long i'm a buyer of that all day long, but the one thing i wanted to point out, what we've seen which is what i saw back in material material, you've seen a huge an increase in short interest up to the point that we saw last april and this chart here showed you what happened when the short squeeze came along and you have a 50% increase to the middle of april to the middle of may i don't know if i would be selling this market and as a trader there's an opportunity to be buying. >> you have been >> yes, i have been. >> which ones? >> i've been buying across the board. bitcoin is the biggest position at this point in time and that seems to have the market leader and the most use kacases and ths is a risk/reward type of thing we break do

how are they looking, seema?ere's the story, the european markets are off their highs and trading in negative territory as the u.s. trade escalates. there's a bright spot posting the fourth straight day of gains and the highest close in two-and-a-half months boosted by a weaker pound 1.28 against the u.s. dollar we'll pivot to stocks, one notable lagger, denmark nordisk warning of intense competition and pricing pressures going forward. that stock seeing the worst day since early february meanwhile, the russian ruble sinking to the lowest level since december 2016 amid the u.s. sanctions they published the text of what they're calling a draft of the u.s. law outlining possible penalties against russia the documents suggest that some of the big russian lenders could be banned from operating in the u.s. under the proposed sanctions. that news hitting russia as major lenders, their shares of spurbank, one of the most widely held stocks, falling 7%. vtb bank under pressure falling by 4.5%. and they have not familiari

seema verma mentioned audits, very important, glad they are resuming after a four year hiatus. the beneficiary eligibility determinations, managed care is my big concern. 36, $37 billion in proper payments. most of that is the for beneficiary eligibility determination, $500 million in managed-care. managed-care has grown over the years without a lot of good payment integrity and oversight processes in place. cms is planning to start that but state auditors are a tremendously untapped resource. two state auditors with us today have volunteered to come to the hearing, beth wood, auditor general from north carolina on the left right here, she is also the president of the state auditors association, the state opera from louisiana will be the next president taking over that association for state auditors. with medicaid expenses expected to continue to rise dramatically, one of the fastest growing programs in the federal government we can't afford to have state auditors on the sidelines. they need to get in the game, have a substantive and ongoing role and i think it will paid huge d

thank you, seema >>> deere staging a come back. >> what a come back it's been.res finishing the day up 2% despite missing expectations why? the conference call. saying overall deere is encouraged by the outlook for the rest of 2018 and the early interest for deere's new technology coming in 2019. here's how one analyst put it. deere employed 2019 is stronger and the outlook would be positive in terms of today's results net salesb equipment sales jumped 30%. margins though were dinged by higher costs of material and frigh freight. the fear that retaliatory tariffs could hurt demands for deere's equipment for now at least that doesn't seem to be warranted. so that had sent shares down over 17% over the past six months deere also reaffirmed its fiscal full year guidance and said it believes the stock's, quote intrinsic value is higher. that's the reason why they think investors should keep buying back the stock >> we saw harley having to struggle with this as well so your people are able to raise the prices i guess the question is how easy it's going to be for the

i'm seema mody. walmart has increased its selection ofoys and is expanding toy aisles. it's part of an effort to lure shoppers after toys "r" went out of business this summer. walmart will begin its layaway program one day earlier this year. with your cnbc business report, i'm seema mody. >>> thank you. heergs here's four things to know. the redsks fell short to the ravens 30-20. by thursday, they face a major roster deadline that will cut many players from the team. >>> d.c. police have tracked down a person who was threatening a crossing guard. they say he yelled slurs at the guard.he faces charges of felony theft and stalking. >>> john mccain will make his final trip to capitol hill. he wl lie in state at the rotunda. viceresident mike pence will make a statement. the public will be allowed into e capitol rotunda at 1:00 p.m. >>> today is the busiest travel y of the labor day holiday weekend. here's route 50 by the bay bridge. aaa says there's been a record number of travelers for the past three years. >>> follow us on first 4 traffic. look pt thistty picture out to

seema mody at cnbc headquarters.mart has increased its selection of toys and is expanding toy aisles. it's part of an effort to lure shoppers after toys "r" us went out of business this summer. walmart will begin its layapry ram one day earlier this year. with your cnbc business report, i'm seema mody. >>> still ahead, colin kaepernick heads to court. he's behind the police brutality protests at nflgames. now, heays the owners colluded to keep him off the field. >>> and we're live inevetroit juster hours ahead of aretha franklin's funeral. >>> and b aaking news, look at the jackknifed tractor-taylor. te coverage onhis next at 6:00. stay with us. does your business internet provider promise a lot? t' 's see who delivers more. comcast business gives you gig-speed in more places. the others don't. we offer up to 6 hours of 4g wireless network backup. everyone else, no way. we let calls from any of your devices come from your business number. them, not so much. we let you keep an eye on your business from anywhere. the o

spectators in crimea as they took part in the cliff diving world cup now the black sea resort town of seema is provided a stunning backdrop while the twelve competitors while out the crowds lining the beach the divers launch themselves off a twenty seven need to high platform and the window was a familiar face reigning champion garry hunt from the a from great britain once again won first prize and to cold six thousand u.s. dollars. twenty attraction that has opened here in berlin this weekend at the museum of illusions which tests visitors perception and promises an exhilarating trip through a world turned upside down. something doesn't quite look right here or does it optical illusions twisted world playing with the senses all of this can be found in the newly opened museum of illusions in berlin. it's the first of its kind in germany there are only eight such places in the world it's eighty exhibits playfully challenge the human brain. in most museums you have to be clients can take photographs can order here's the opposite and you can have fun us be noisy show your emotions take picture

seema, how is europe going to close today?> carl, it's basically a mixed picture across the board spain and portugal is lower, impressed by my geography? you should be. it's trade negotiation that's the big topic of discussion, between the united states, canada and mexico, and what it could mean for the europe. the pound soaring to a three-week high on upbeat comments from the european union negotiator, saying the bloc was prepared to offer a close relationship after it exits. he said it could include economic as well as foreign and security policy ties the pound up about 1%. the surge is pushing the ftse 100. the lira in focus is a, extending its slump. two reasons here -- first a key measure of turkey's economic confidence dropping to its lowest level in nearly a decade. the second reason, the central bank, fails to bolster investor sentiment. >>> finally in a bid to boost economic ties, german chance lore merkel taking a terrorist to nigeria, ghana and senegal -- taking a trip to nigh year gentleman, -- nigeria, ghana and s

. >>> let's turn back to the broader markets and your money and bring in seema shaw. know you have been pulling back from emerging markets generally around the world there are still some pockets of strength are you still finding places like india or others to invest in globally? >> yeah. i think when it comes to how you will insulate your portfolio from these traders, it's a question of is it something to hide from or are you looking for gains? for india it's a place to be positioned in. not just hiding out. one reason we've seen a great performance from india compared to other countries is because it's insulated from the trade tensions on one hand, if they have also delayed a lot of conversations, deferred the retaliation they were maybe suggesting before, and plus it's in somewhat of a closed economy, which means in this environment it will outperform the interesting thing is we were outside -- i was in asia last week if you're not in china, there's a sense of positivity. they feel like positioning is more attractive. they feel evaluations are more attractive they n

michael seema: a large part.om tiffany's into the retail holiday season? wide rangewill get a of customer demographics with the earnings. you will see what the luxury consumer does. specifically, category wise, you might hear commentary on how back to school and back to college was, which gives you an indication of how strong holidays will be. you'll see a wide variety where consumers spend and how the switch to e-commerce goes. alix: thank you very much. david: still with us is nathan sheets. what is the state of u.s. consumer right now? nathan: the u.s. consumer is very strong and enjoying the tax market, arong labor strong balance sheet. u.s. consumers are in a good place. consistent with that discussion, the top of the income distribution is particularly strong. earners in the united states command more than half of the total income. that divergence is getting greater. david: what percentage of that do spend as consumers? isn't there a disproportionate a month get spent by the lower? absolutely, and one of th

you got to be -- there's seema in the picture you thought you were on camera you are.amsung makes the l.e.d. displays that get supplied to apple as well and i always look for the analysis of these displays it's the strongest that's out next week chances are this will take the crown for the best display in a phone. apple will try to take it back in the fall. >> it's $1,000 >> $1,000 for entry level up to $125 $1250 or the higher end. >> cool. let's get over to seem j who is here with the european close >> not much happening. of course turkey really the big talker recent developments in turkey's financial markets has certainly been alarming for european investors. renewing fears around italy. its stock market on pace for its worst day since june of 2016 that stock market down 2 point of view 6% u.s. sanctions doubling steel tariffs intensified turkey's economic troubles. inflation rose to 16%. growth is slowing. unemployment now above 9%. this as the essential bank increases its gold reserves. they have been rising. by the way gold is down 7% in 2018 investors say a larg

balloons, overhead cover and camouflage became more important during the daylight hours so you might seema sheen gun teams in the splinter proof shelter during the daytime to protect them from artillery and mortar fire but also aerial observation. they could move up to the front line and set up and be operational between minutes. they were design to channel germans into the cross fire so they cut them down from both sides. that's what made the machine gun more efficient. sweeping back and forth straight on, spreading bullets over a wide arc but in cross fire you could keep it at a narrow arc and put more round down range in that zone. the tip. this machine gun would have a members of the team for personal protection for the most part. they would carry the standard pack and the rest of infantry kit. but the machine gun weighs 50 pounds. the tripod another 50 to 60 pounds the weight of the machine guns led to the advent of the automatic rifle or modern assault rifle. >> why do you like to come out and do this? >> well, i enjoy the -- the french is challenging to research because there's not

si seema, the president is interested in this, he's on twitter claiming his innocence. innocent, just let me talk. do you think there's a strategy there? >> i think there's two things what the president wants to do and what his lawyers wants him to do. the president has made it clear he wants to sit down with mueller. when you hear his lawyers talk about it, rudy giuliani talk about it, there's much more caution discussed there. it's two competing ideas obviously with the administration what the president wants to do, his impulses, versus what the president wants to do. >> so if the president's legal team, alexi, decides, no, there's not going to be a voluntary interview, what happens next? a subpoena? >> that certainly could happen if he doesn't sit down. the interesting thing is he wants to sit down and do an interview with mueller, despite his lawyers tells him otherwise. so, unless they actually come to that conclusion, it's seeming that the president wants to sit down. it's interesting how the president seemingly with -- the opinion of public court, tweeting his in

. >> let's get to seema modi with the european close. >> once again it is turkey and concerns over chinaare weighing heavily on european stocks first to turkey which has resisted hiking interest ralgts but it has taken other measures. it's limiting turkish banks from entering swaps on the foreign market in response the turkish liar ra is frying to respond qatar has pledged $14 billion to turkey perhaps it is getting the additional support it's looking for. turkey this morning increasing tariffs on a range of goods, vehicles, cosmetics and lcohol retaliating for what it has called, quote, economic war. meanwhile, investors keeping a very close eye on fresh concerns around china's economic growth story. those concerns pressuring the mining shocks, the worst performing of the year glencor, tinto all down 5% this as copper is hitting its lowest level since june of 2017 falling more than 4% today it's worth noting with a dollar on a rise, just a big move we've been seeing in global currencies, across the board you see the turkish lira the ruble inc.ing out another. >> thank you, seema. take a

and seema mody has the details >> sprint and t-mobile deal still in early stages of regulatory review. and no decisions yet that according to reporting from reuters, both stocks are now pairing gains after bringing up in a separate report that the doj had been allegedly open to a three wireless player landscape that would essentially encourage competition. but this report from reuters now throwing cold-water on that second report. just about 3% off its session hays >>> there's a shakeup at pepsico. joining us now to discuss is maria brennen president and ceo of women and cable cell communications, maureen. lady and gentleman good to have you here i'm the girl on the set soi have to do the whole segment about why there aren't more women doing these things why do you think we've lost a woman ceo at one of the biggest companies in america and are we going to see an improvement in the numbers? >> is that for me? >> so i'm -- >> it's for maureen. >> so i am optimistic in the change in the numbers. there were a flurry of numbers today. i know we're down in the number of women holding ceo po

. >> seema, thank you very much for that bike, nice jump, and kind of the story here the company is int value growth. >> it's a matter of the market's taste for this kind of thing there is a school of thought that says capital spending in this age is about businesses buying computing power i mean theoretically if we're going to have those budgets flush theretsically here, but not sure we can read that ip >> i've always liked value the difference mike was talking ability you're look at box over here everyone wants to hit a billion dollars and lose money that doesn't make any sense to me the problem with a company like hewlett-packard or any of these you can't value them tesla, really, why would you want to own them for the long-term? i think you're just risking way too much it's not worth it. >> let's move on and talk about some of these retail earnings that we had earlier this morning, which of course came out on squawk box. dsw skyrocketed some 20% or so best buy, though, closed lower mike, i ges fw guess best buy lower because of the guidance. the interesting thing to me when people

. >> joining me now, kaitlyn burns, political reporter, and seemm seema, reporter for the "los angeleses." kaitlyn, this is week two of omarosa being in the headlines. i suspect it's been a long week one for this white house. going into the next week, how does the white house fend off the growing allegations against the president? >> certainly, especially when she is claiming to have hundreds of these tapes. the way in which she is leaking them owl ut in increments, acti similarly to the person she once apprenticed for, donald trump, in terms of using his media strategy. we've seen in the past week the white house and the president react to this by trying to shift the narrative, by trying to shift the news, going after john brennan and claiming -- or insisting they would take security clearances from others, to kind of shift the news cycle here. of course, omarosa has her own credibility issues. she has verified some of what she is saying with the tapes. if these tapes don't, that creates even more problems from the white house. what we know is that the president reacts to this in real

let get to cnbc's seema mody for the story. >> that's right. retaliatory efforts could threaten the livy hood of american apple producers we've been speaking to a number of farmers across the hudson valley region who say they've become increasingly reliant on international demand, markets like india, china and mexico that have become big buyers of u.s. apples. it's been a growth market for u.s. apple producers, a way to increase margins as well as price of apples but it's not just big exporters. local domestic importers which spans over 350 acres and produces more than 30 million pounds of apples a year says they will be indirectly impacted by tariffs as well >> with these additional tariffs supply and demand has changed, so now that the demand isn't there for certain varieties we're going to have remove varieties from our next out and we'll probably lose some jobs. >> if fewer apples are sold overseas farmers are concerned that domestic competition will intensify. specifically between washington and new york, the two top apple producing states

unfortunately debt continues to run up so that puts them in the same position they were in 2001. >> seemaank you. >>> joining us now, head of strategy at wynn brothers. great to have you with us. is there a contagion transmission mechanism to the united states? >> i think that's what the good news is. at this point, there is not. the reason i say that, look at the five worst performers this year argentin argentina, turkey, brazil, russia, they have a huge amount of baggage as seema pointed out, political risks. malaysia, thai, thailand bear market is focused on the countries that have the worst fundamentals any kind of warts out there will be found if you have your house in order, things are going okay, you'll hold up relatively well. >> in terms of china's move just this week, i want to say, as this week is flying by, in order to prop up its currency, support its currency, does that help the emerging markets vastly, the fact that china has stepped in and supported its own currency >> china was basically sending a signal that they don't want any sort of unintended consequences. i think it

and mexico all the details straight ahead >>> i'm seema mody at the nasdaq the tech heavy hitting 8,000 for the first time ever. i'm break down the key movers. >>> netflix is the third highest grossing app on apple's app store. the streaming giant is reportedly creating a system that could change all that >>> and we've got the tesla short seller who said he was adding to his short position the day musk tweeted he was considering taking tesla private. what he's doing now the company is staying public. "the closing bell" starts right now. ♪ star ships were meant to fly >>> good afternoon and welcome to "the closing bell." welcome morgan brennen >> thank you i'm excited. and we're color coordinated. >> i see that. how did that happen? first let's check in on the markets. s&p, nasdaq, russell all hitting all-time highs today the dow crossing 26,000 for the first time since february. a strong rally across the board as you can see sectors like industrials, materials and financials leads the charge >> and dow, s&p and nasdaq are on pace to post their best august gains since 2014. we've got tha

tonight, clearfor a seema malhotra completely dry day.he night, with their rain pushing into northern ireland so it will be reining in belfast very early in the morning. actually start to the day and then this fellow here, moves across a street in the course of sunday, it it parks and golf over the uk during the course of the afternoon and the weather front is moving through so you know what it means, cloud, rain, wind. if you are heading to the coast, these arrows are coming in, winds gusting a0 miles an hour which is quite a breeze out to see that, you have to embrace the elements if you don't mind that sort of weather. this is the rain sweeping across the country, possibly improving there are little bit in belfast. as we go through sunday, this is tomorrow night now, there is the weather front moving up the way into the north sea and the weather then actually improves. looks like we will get two good days, today is going to be a decent day. tomorrow is not such a good day if you don't like the rain. and monday, the sun is out again. so

catchy name, seema. >> bill, and we begin with the markets. pisani, mike santelli are at the new york stock exchange. mike, let's kick it off with you. it's not looking that great for the market's winning streak. >> maybe not for the streak. we are just about at the flat line the market really seems to be dozing right here, just about half a percent on the s&p from its all-time highs it is up 6% in six weeks. >> amazing >> it's been quiet and orderly, kind of a trudge instead of a sprint but we have gotten up to this level where it seems to make sense. maybe the market is going to rest a lyle while. a lot of offsetting action below the surface of the index we have been talking about the fact that it is not all stocks going up that's what is keeping volatility low, it's below 11. >> a lot of my friend who are bullish are unhappy that their scenario towards new highs on the s&p has been interrupted because elon musk essentially sucked all the oxygen out of the room since yesterday at noon we have essentially gone nowhere but it is the second wee

you heard seema refer to what's happened with the rupee.frica, it's a 7% weighting as a country in the index. take a look because if you look at the overall etf country wise that tracks these names, where you have the emerging markets index in total up a little bit today. see the down trend firmly in place since the beginning of this year. also take a look at these three countries in particular. they are the ones over the last week from a country perspective that have among the worst performances the msci turkey over the last year 53% down. the msci indonesian index, 16% to the downside and the msci south africa 8% over the last year as well those right-hand side downturns the ones we want to watch. those jurisdiction, michele, are much larger and important than turkey in many cases and brazil in particular is one to watch. it is probably one of the biggest out there in terms of emerging markets size. back to you. >> definitely one to watch >>> the fate of the lira has been sending ripples throughout the global currency markets. what can we

we have michelle caruso-cabrera on exactly what's been happening in the last 24 hours, seema and kayla tausche covering the political angle and steve liesman will tell us how much or how little turkey matters to the u.s. economy michelle, start us off. >> well, the turkish lira plunging today, bill, in one of the worst currency selloffs we've seen in decades. at its worst moment it fell 20%. on wednesday one u.s. dollar cost 4.5 liras today it costs 7 liras still very bad poor economic policies have been pushing the turkish currency for months but the sell-off got much worse after the turkish leader erdogan said the country is at economic war and he told his followers if anyone has dollars, euros or gold under their pillows, they should go schapg it for liras at banks. this is a national domestic battle investors took that to mean that he's not going to constitute economic policies to institute the situation. his finance minister said all the right things, tighter monetary policy, independent central bank, but the market clearly doesn't believe a word he says and we are seeing that as

let's go to seema mody. >> facebook responding to hud saying -- engage in housing discrimination facebooking, there is no place for discrimination on facebook it's strictly prohibited in our policies over the past year we've strengthened our systems to further protect against misuse we're aware of the statement of interest filed and will respond in court and we'll continue working directly with h.u.d. to address their concerns that again from a facebook spokesperson melissa, that's the latest. >> thanks. what do you thaing of facebook >> long term, i still like this story. this is a -- you know, as sad as it is we're talking about discrimination, that's never a good thing to hear about a company. it's a very near term sort of blip on the radar from an impact perspective. i don't like the stock action over the past couple of days it's not great action in the name near term it could be choppy long term, the earnings growth, in my opinion, is still intact i'd be a buyer on weakness. >> it's not just facebook that's been under pressure. dracula has taken a bite out of the entire f.a.n.g. trad

0udeh, who was 22, were stabbed to death outside their home in solihull. 0ur midlands correspondent, seemaxclusively to some of their relatives. khaola saleem and raneem 0udeh — mother and daughter stabbed to death in the early hours of monday morning. as seen in this cctv footage, the prime suspect was arrested in the spark hill area of birmingham last night. janbaz tarin used to be married to raneem and had been on the run since the killings. today, the family of the two women pay tribute to them. she was my soulmate. we used to... life is just fun around her. that is all i can say. if you are sad, she will make you happy. and if you are happy, she will make you more happy. you can imagine it is not... unless you know her, then you understand what i'm talking about. people who knew her, they have a lot to say about her, more than me. raneem is the flower of our house. the flower of our life. a very very pretty girl. she had a lot to give to everybody and to the world and to the community. she wanted to study, she wanted to move on in her life. she wanted to raise her son up the best way

our seema mody is looking at the impact on farmers.see so far >> apple farmers across the region say the triple threat of tariffs from china, mexico, and india will cause serious damage to their farms and their business we're here at chryst brothers apple orchards they harvested 20 million pounds of apples last year and they've been expanding their farm to accommodate growing demand from foreign buyers but if the onset of tariffs and the potential oversupply of apples in the domestic market go up, it could put many here and other orchards at great risk >> the margins are already pretty thin to begin with. razor thin in some situations. if that falls a little bit, we're looking at an unprofitable situation. if that happens, we stop investing, we stop buying equipment, we stop with hiring wages. if it goes on long enough, we'd eventually go out of business. >> and the pain would be felt across the nation. new york is the second largest exporter of apples behind washington the fastest growing nes ining international market for apples, guy

correspondent stefan seema good morning to you stefan why are these sanctions coming now has there been new evidence against russia as the evidence from dop against moscow for your question and the answer will might disappoint you because so far nobody has actually aware or state department white house or trumpet who's tracing as a whole has not come out with exactly that saying that there is new hard evidence it is fair to assume that what british intelligence and british authorities communicated to us still holds and don't forget congress u.s. congress had asked the trump administration within two months time to determine if russia violated international law and you know it took the trumpet administration or the u.s. government more than two months actually two and a half months plus to determine and to make this determination and this is why those sanctions are following suit right now they will be rolled out into trenches and are expected to implement to be implemented around twenty second of august ok now twenty second of august is the date for these sanctions but there are more ev

place to find out really the exact cause of this incident journal thema gupta speaking to us from rome seema thank you very much. now to some other stories making headlines around the world japan's emperor akihito has expressed deep remorse for his country's role in world war two at an annual memorial event in tokyo during his three decades on the throne akihito is spoken out for peace and reconciliation the eighty four year old was appearing at the event for the last time he's due to abdicate next april. in the us a grand jury investigation has found that hundreds of roman catholic priests sexually abused more than one thousand children in the state of pennsylvania since the one nine hundred forty s. the report comes after a two year investigation that showed sexual abuse was systematically covered up by senior church officials. after a suspected terror attack in london on to say police have now raided three addresses in central england three people were injured when a man drove into pedestrians and cyclists and crashed into a barrier outside the houses of parliament the twenty nine year ol

0udeh, who was 22, were stabbed to death outside their home in solihull. 0ur midlands correspondent, seemaen talking exclusively to some of their relatives. khaola saleem and raneem 0udeh, mother and daughter, stabbed to death in the early hours of monday morning. last night, the prime suspect was arrested in the sparkhill area of birmingham. janbaz tarin used to be married to raneem 0udeh and has been on the run since the killings. today, the family of the killings. today, the family of the two women paid tribute to them. she was my soulmate. life is just fun around her, that's all i can say. if you are sad, she'll make you happy. if you are happy, she'll make you more happy. so you can imagine it's not... people who knew her, they have a lot to say about her, more than me. raneem 0udeh is the family of their house, the flower of our life. very, very pretty girl. she had a lot to give to everybody and to the world and the community. she wanted to study and to get on in her life. she wanted to raise her son up in the best way she could. her mother says the feeling of losing a grand daughte

our midlands correspondent, seema kotecha, has been talking exclusively to some of their relatives.nd raneem oudeh, mother and daughter stabbed to death in the early hours of monday morning. as seen in this cctv footage, the prime suspect was arrested in the spark hill area of birmingham last night. janbaz tarin used to be married to raneem and had been on the run since the killings. today, the family of the two women pay tribute to them. she was my soulmate. we used to... life is just fun around her. that is all i can say. if you are sad, she will make you happy. and if you are happy, she will make you more happy. you can imagine it is not... unless you know her, then you understand what i‘m talking about. people who knew her, they have a lot to say about her, more than me. raneem is the flower of our house. the flower of our life. a very very pretty girl. she had a lot to give to everybody and to the world and to the community. she wanted to study, she wanted to move on in her life. she wanted to raise her son up the best way she could. her mother says the feeling of losing a gran

i want to thank gene dodaro and seema verma. i generally get it right. we appreciate you coming before us, this is a follow-up hearing to the june 27th hearing where we explored the report on overpayments primarily medicaid, $37 billion, and administrator here talking about program initiatives and have you testify and the general comment on how we make these programs long-lasting. i asked my opening remarks be entered into the record. a couple charts in front of everybody, do the witnesses have charts as well? three charts laying out the problem in terms of spending. this is a modification of a chart i have shown repeatedly that lays out, this is more complex, it tells a pretty good story, the top line, the green line is an inversion of a chart that shows what percentage of healthcare spending is paid directly by the patient, the fact that we have gone from 21% in 1940, 289% by other people, less that 11% is paid by the patient, we have taken out the free market system and one of the reasons you see the increase in healthcare costs, but a very interestin

michelle >> all right, thank you very much seema mody, look at that move.he media landscape could be on a verge of a paradigm shift according to a study by a market research firm. they say youtube is closing in on facebook to become the second largest website in the united states in terms of traffic >> in july facebook saw 4.57 billion biz vts and youtube 4.5 overall. >> i find this pretty extraordinary. why do you think youtube is creeping up on facebook in terms of the number of users is it people of a certain age like to watch videos more than they like to scroll and see what their friends are doing? >> that certainly may be a part of it. one of the really interesting findings has been historically a lot of stability in terms of the largest websites in the u.s. google far and away number one, it remains so. historically facebook number two, youtube number three. but we project in the next couple of months that's about to slip >> how much of facebook, the usership of facebook shifting to smart phones >> that's an excellent question. i really think the hea

. >> let's get right to seema mody for more on why the market took a bit of a dip lower >> down about 1% for the industrials. what these international risks like turkey mean for fed policy. today cpi print would put the fed on course to continue raising rates. if that's the case, though, it'll push the dollar even higher, further exacerbating turkey's financial situation remember a number of global currencies have come under pressure due to the strengthening dollar in recent months back here when it comes to stocks financials in the u.s. and europe leading this market a lot of the big banks like goldman sachs, jp morgan down about 1% to 2% technology slipping after they downgraded the stock due to manufacturing issues shares down almost 3% sending bond prices higher volatility is also up, and even oil is getting a bit after china took crude oil off its latest tariffs. crude oil right now 7279 >> this week we saw rising tensions in turkey, china and russia a look at these global economic hot spots and a time line of sanctions and tariffs that we've seen unfolding over the last week. >>

joining me now is seema mody and richard fain of royal caribbean. >> richard, good to see you.et's start with the stock performance. the stock is up 5% based on that 2019 bookings guidance you provided on the conference call. help us understand why you are so optimistic about 2019 you are facing rising competition next year. carnival with one to two new ships, and richard branson's virgin line kicking off. how are you so sure passengers will stick with royal and not a competitor >> it's been a positive performance to keep improving our product. and our ratings have gone up to levels we have never seen before also, the ratings of our crew members have gone up too their satisfaction with their job, engagement with their job that means we deliver a better product than ever before we have some new ships coming. we have symphony of seas starting next year we have the celebrity edge coming to the end of the year. which i think is the most anticipated trip in the industry and pursuit which just started this week. we have a lot of good momentum going carrying us nicely into 2019. >> yo

. >> we've got an answer it's roku and seema modi has the numbers for us >> roku, shares are higher onlso expanded access to free streaming entertainment and launching as part of its roku web. d.a. davidson saying world cup in june likely contributed to roku's strong performance. by the way, the stock up 8%, but up 115% since going public in 2017 let's talk jack in the box a dollar adjusted on the bottom line versus the 88-cent estimated revenue exceeded forecast and the stock enjoying a 7% move to the upside. meshel >> two big winners there thank you, seema anothebu enis r syarngday for earnings and we'll recap the big earnings and we'll recap the big move, next so don't move [music playing] (vo) progress is in the pursuit. month's lease payment on select models during summer of audi sales event. you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. it's pretty amazing out there. the world

0wdeh, who was 22, were stabbed to death outside their home in solihull. 0ur midlands correspondent, seemabeen talking exclusively to some of their relatives. khaola saleem and raneem 0udeh, mother and daughter, stabbed to death in the early hours of monday morning. last night, the prime suspect was arrested in the sparkhill area of birmingham. janbaz tarin used to be married to raneem and has been on the run since the killings. today, the family of the two women paid tribute to them. she was my soulmate. we used to... life is just fun around her, that's all i can say. if you are sad, she'll make you happy. if you are happy, she'll make you more happy. so you can imagine it's not... u nless unless you know her, then you'll understand what talking about. people who knew her, they have a lot to say about her, more than me. raneem is the flower of their house, the flower of our life. very, very pretty girl. she had a lot to give to everybody and to the world and the community. she wanted to study and to get on in her life. she wanted to raise her son up in the best way she could. her mother s

. >>> let's get to seema mody with two travel stocks that are on the move. >> shares of ultraluxury hotelin belmond surging after anonsing it is considering taking the company private. the stock is up about 41% on this take over talk. switch to booking holdings falling on weak guidance with no signs of a reacceleration. it's facing competition from expedia plus hotels which are doing a better job of getting customers to book directly on their site. >> thank you. >>> coming up, after $1 trillion, where does apple go from here? our next guest says the charts tell that there is plenty of a om to run. lot more "squawk alley" after a quick break. this is a story about mail and packages. and it's also a story about people and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your ho