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

let's get the latest from seema mody >> let's check on what's leading cnbc.com right now president trump justin trudeau are optimistic about their trade negotiations the two countries signalling that they are on track to meet a tight friday deadline to revise the north american free trade agreement. >>> president trump escalating his criticism of google last night tweeting this video appearing to show the search engine promoting president obama's state of the union addresses and not his own. google defending itself responding it did not promote either obama or trump's inaugural addresses in 2009 or 2017 it says that's because they were not technically state of the union addresses but rather addresses to a joint session of congress >>> in tech news, apple acquiring a startup that makes lenses for augmented reality glasses. the company is called akonia holographics. the purchase price has not been released but the company is based in colorado. >> very cool stuff thank you. >>> here's how your money and investments look right now stock futures looking like this rally may be coming to a paus

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

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

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

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

let's go to seema modi at the new york stock exchange for the details. >> that's right. sell-off has been intense. bitcoin breaking below $6,000 for the second time this year, and other cryptocurrencies like ether, ripple, lite coin are near double digits resulting in the total market cap of cryptocurrencies to fall below $200 million and that's the first time since november 2017 what's behind the sell-off a couple of factors. investor confidence has been falling ever since the fcc delayed its decision on the bitcoin etf to late september. meantime some of the icos were built on ethereum and subsequently funded with ether tokens those traders have had to sell their tokens for u.s. dollars to cover their expenses it's worth noting that of the major digital currency, ether is faring the worst the levels to watch there according to technicians is 57.35 and that's the low bitcoin hit back on june 18th. melissa? >> seema, thank you so much. seema 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 t

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

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

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

. ♪ >>> welcome back to options action seema modi is at the new york stock exchange. >> forget fang stocksebook, amazon, and all have seen significant gains and take a look at yelp and the service beat on the top and bottom line and saw solid growth and the revenue guidance did come in a little light and it's still up 30% for the week and investors swiping right on match that stock soaring more than 30% as tinder delivered strong subscriber numbers and the street seems to be less concerned about facebook taking market share away from match when it unveiled its own dating product and an announcement facebook made at the fa developer's conference in may. iac pointing to continued strength and bmo capital all raising their capital on shares of iac and plus shares of trulio popping 25% 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's etsy which surprised by upping its full-ier outlook and that stock jumped more than 10% for the week and the consumer-oriented companies like these conti

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

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

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

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

. >>> 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

. >>> let's get to seema mody for the european close. >> hey, stocks closing higher, euro bouncing fromeek lows against the u.s. dollar. auto stocks are leading equities to the up side, names like volvo. energy showing strength. a jump in production and higher oil prices, that stock is at an all-time high. and danish jewelry maker pandora lower after slashing guidance for 2018 the company's latest profit warning comes as it struggles for market share in china. the stock down 24%. >>> pivot to turkey as its financial situation continues to worsen the country's ten year bond yield surging to historic high of 20% amid concerns over president erdogan's stewardship of the economy and trump administration implication of sanctions. goldman, sachs warning further depreciation in turkish lire could threaten the health of the turkey banks today, the currency is bucking the downward trend after turkish media reported that washington and ankara reached a preliminary understanding on certain matters related to sanctions there's talk of a turkish delegation having a meeting with officials tomorrow 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

. >>> let's go to seema mody for the european close. >> signs of progress on the trade front followingall between president trump and german chancellor angela merkel is helping the european stocks ftse up and trade as soon astive, stocks, minors leading the index higher anglo american up 3.5% in the currency market, the euro with the highest low against the dollar 1.17 the euro is still down 2 to 3% against the u.s. dollar in 2018. >>> in britain, government officials continue on-going negotiations surrounding exit from the european union. theresa may saying leaving the eu without a deal will not be, quote, end of the world, dismissing warnings about a no deal brexit path keeping an eye on the pound. uk trade minister liam fox reiterated that the british government is prepared to walk away from negotiations if the country did not get a good deal for brexit fox said he preferred a deal be reached but added the country's economic outlook was stable. >>> and one james bond car maker moving closer to ipo aston martin will announce a listing of what would be one of the london stock exchange

. >>> let's get to seema mody for the european close. >> stocks in europe closing lower with the italianmark index the worst decliner, down 1.7% currency is also a big topic of discussion the pound in focus, trading lower against the u.s. dollar, despite bank of england raising interest rates for the second time since the recession boe officials say build up inflation outweighed on-going concerns around brexit and rising trade tensions. now, the increase in rates takes the benchmark to the highest level since 2009 the boe president cautioned the bank would take limited and gradual approach to rate hikes going forward. that's why the pound is lower three-quarter percent. the lire falling to a record lower after the trump administration announced new sanctions on turkey justice and interior ministers yesterday over detention of the u.s. pastor andrew brunson. brunson is charged with supporting the group turkish president blames for orchestrating the attempted coup in 2016. and let's talk about barclays, european banks have struggled. it is a bright spot in the last three months, tripling p

. >>> let's get over to seema mody >> european markets closing mostly lower to start the week with the index leading the way to the down side currencies are a big part of the discussion uk pound hitting an 11 month load the international trade secretary saying in an interview sunday that risk of no deal brexit has risen 50 to 60% in the past few weeks i want to draw your attention to turkish lire, hitting another record low after the trump administration said it was reviewing turkey's duty free access to the u.s. market, a move that could impact $1.5 million of imports. the currency lost a quarter of its value in 2018. meanwhile, the tech stock of the day, iwg plunging more than 20% after abandoning talks of private investors. the world's largest provider one of the biggest rivals in the united states was in buyout talks since the start of the year that stock seeing the worst day since october of 2017. carl, back to you. >> thank you very much >>> let's get a news update from sue herera back at hq. >> hello, carl and everyone. overseas, a major explosion on a highway in italy left two

. >>> let's get to seema mody. >> today's losses, looks like germany and france will have a third straight declines, turkey the forefront of concerns the turkish lira having quite a week it fell another 4.5% today treasury secretary steven mnuchin says the u.s. is ready for more sanctions if president erdogan resists the reels of pastor brunson local media saying a turkish court rejected appeal to release the pastor from house arrest setting the stage for more sanctions which analysts could say could put more pressure on turkey's currency. u.s. exports to turkey totalled $10.1 billion, less than 1% of total exports. while u.s. banks extended $18 billion in credit to turkish borrowers, that's less than 1% of u.s. bank's common equity, according to jpmorgan. >>> later today, global ratings scheduled to update on the country's credit worthiness, currently three levels below investment grade also on the docket next week, britain begins publication of the new deal brexit plans. >>> let's get an update from sue herera >> good morning, carl. good morning, everyone here's what's happening at this

. >>> let's get to seema mody. >> european stocks staging a modest rebound as turkey takes more steps the free fall and its currency turkey's foreign minister hosting a conference call to reassure investors that policy makers are able to tackle the currency crisis. the minister saying the country will not hesitate to support the banking sector, but emphasizing turkey has no plans to seek help from the imf >>> the lira extending gains for the week, due to the pledge yesterday to invest $15 billion in turkey. while qatar may seem like an unusual player in this, it has a long-standing relationship with turkey, when the saudis and other gulf nations -- turkey came to the rescue with troops and aid. >>> in italy, another big story, the fallout continues from the deadly bridge collapse in genoa that killed at least 38 people shares of international toll operator, whose subsidiary owned the section that gave way tuesday, dropped more than 20% as the italian government said the company could be heavily fined or stripped of its contracts. >>> and finally, reuters reporting on amazon's potentia

. >> i said nobody else saw it coming >>> let's get to seema mody with the markets. >> scott, take a look at shares of spotify spotify entering into a language long-term relation with samsung. is it will stream with other samsung products like it's phones and tvs the ceo says its partnership with samsung reduces the friction for uses to get spotify up and running on multiple devices. the stock up 4%. scott. >> thank you here's what else is coming up on "the halftime report." >>> a big call on the semiconductors with many stocks up big in the last year. is it time to take some tips off the table? >>> after a 15% or more drop for the vix volatility index, a month later, the drop continues. according to our partners at kensho with the vix falling an additional 3%. "the halftime po" thcorertwi stt wapner and the traders is back in two minutes are you ready to take your wifi to the next level? 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 home, and lets you control your networ

i'm seema mody take a look at shares of trip adviser falling as much as 15%, on pace for its largestercentage drop since november of 2017. on disappointing top line growth second quarter revenue, the key negative, hotel shoppers dechanged year to year for the first time ever. one bright spot, that's growth in its nonhotel business, experiences in restaurants where it continues to see double-digit growth not enough to get analysts excited. price tag, $40 let's get to jackie deangelis and the futures now team >> hey, we're watching the dollar highest level in almost two weeks. jeff, let's start with you, dollar index trading over 195. >> it's amazing to see, certainly, it's all about the trade test it's more about the emotional, s&p 500 squarely above 2800. i think why we're seeing the dollar move, they're upgrading the economy. etsy used the word strong four times in their paragraph why i see the u.s. dollar move forward, i do think the fed is being emboldened by president trump. >> so, we have to worry about trade wars how much higher can the dollar wars go? >> i think it's still in

let's bring in seema mody, following the nasdaq it crossed over the 8,000 mark >> jon, hopes of progress on the trade front are the clear driver behind stocks today. the nasdaq extending its push into record territory, breaking above 8,000. nasdaq closed above 7,000 in early january, it has taken roughly six months for the nasdaq to get above this 8,000 threshold. in terms of stocks that led the nasdaq higher, look at the one month performance of faang names, led by apple, up 14% in the past four weeks. amazon, netflix up about 5%, followed by facebook nasdaq has been the outperformer this year, outpacing games in the s&p 500 and do you industrials. speaking to a number of analysts last hour, they say it is trade tensions easing, signs of trade tension easing that helped tech stocks outperform. a positive move in chinese stocks overnight provided a setup for stocks today, and the earnings story which is expected to continue with the u.s. dollar softening in the past one week important to note, stocks leading the nasdaq not just faang names, we're seeing wynn resorts, chip stocks and jd.c

dragged down the group following me saoiinsales forecast >>> we've got a news alert on facebook seema modyh the story at headquarters >> hey, sara the department of housing and urban development announced today a formal complaint against facebook for violating the fair housing act by allowing landlords and home sellers to use its advertising platform to engage in-housing discrimination the claim says facebook allows advertisers to control which users receive housing related ads based paw pawn the national status, disability and/or zip code facebook then invites advertisers to express unlawful preferences by offering discriminatory practices allowing them to effectively limit housing options. it's worth noting the assistant secretary of fair housing and equal opportunity says when facebook using a vast amount of personal data it collects to help advertisers discriminate it's the same as slamming the door in someone's face cnbc has reached out to facebook and we will get you that comment. shares basically unchanged, though, right now, bob >> that is pretty broad claim there. it seems they ma

seema mody is off the earnings call >> marriott ceo says weakness is not a sign of market softening,with july 4 independence day landing mid week he pointed to markets like south florida, houston, san francisco, new orleans, where revenue per available room rates exceeded 5% marriott is bringing more hotels to market, signing $500 million ritz-carlton hotel in new york city, underscoring growth appetite for luxury brands sorenson touched on the unified loyalty program that will merge marriott, spg, ritz-carlton rewards into one come august 18. the slow roll out has been a pain point for some investors. one writing it expects marketing costs to rise in the third quarter, hence the conservative guidance for third quarter shares down as much as 6% on the revenue miss the stock is recovering, down about 2.3% michelle >> had been worse. thank you very much. >>> coming up later today, big earnings out after the bell from disney and snap. we have full coverage and analysis on the the closing bell, don't want to miss that. "squawk alley" is next don't move ♪ experience the versatility of uti

and mexico all the details straight ahead >>> i'm seema mody at the nasdaq the tech heavy hitting 8,000. 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

crisis in argentina, peso falling more than 10% versus the dollar more than 50% so far this year and seema mody more on these peso problems. what's behind it >> argentine peso at an all-time low, to stop inflation from rising this morning it raised interest rates to 60% from 45% after urging the imf to speed up its $50 billion bailout program. why? the stronger dollar is making their government debt more expensive to pay off the peso now the world's worst performing currency this year down 50% turkey, also dealing with runaway inflation and faltering economy seeing its currency down another 4% today the indian rupe had a record low as oil prices continue to rise india, of course, a big oil importer economic troubles pose political troubles for the leaders of these countries that have, in the past, pointed to economic data as evidence of their success. argentina's president macri's popularity has declined in the last year. he is up for re-election in 2019 as is president modi of india. >> macri had run on this platform of a strong economy for him, especially, it's troublesome with just a year to

. >> 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. >>

. >> 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

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

seema mody covering trip adviser. michael santoli, nancy with us and chief investment strategist. biggest winner on the dow was apple by far. caterpillar was the biggest loser. apple is of course the biggest winner, as well. hanes was the biggest loser. a jump in japanese yields overnight which tends to correlate. michael santoli, let's see how you characterize the market today, slow to panic but hard to excite. >> you took the bait. i knew you would. would you say that applies to me, as well? that is the reason i seeded your question. that is the way it has been. i think today was a mild stowback from a pretty strong july, not really serious selling pressure. it is difficult to gather momentum when the market continues to hold the uptrend. it had the jobs kmb coming out. i think there is a little caution ahead of that. and also there is just the sense of not too many catalysts. >> mark, if we didn't have apple today would we be getting a lot more nervous in terms of whether the market can get positive momentum behind

seema mody is on the floor >> reporter: the global story the focus on the trading floor turkey beingthe center that's weighing on stocks this morning. as the s&p 500 was inching closer to the all time high of 28.72. hit back in january. a quick check, though on the sectors. defensive names are higher like telecom. there was a talk about the evaluation but energy has been putting a damper on that move. take a look at global stocks weakness in european markets with less than two hour goes in that trading session with the german dax leading the declines. the euro is trading at 13-month lows against the dollar. the ecb has been concerned over european sector lenders to turkey before bbba could be particularly impacted by the depreciation of the lira as it continues to plummet take a look at the yield, as well, in the turkish 10 year note spiking above 10%. and for what it's worth, tur, the turkey etf thinly trading but worth noting down double digits today broader concerns about debt sustainn't sustainn't -- sustainability such as brazil has put it under pressure it hasn't been just a st

seema modi has the details. >> cigna has a proposed $54 million merger with express scripts calling out investor carl, kahn in the letter in which he urged shareholders for the merger it demonstrates an uninformed view of the marketplace and cigna's strategy mr. icahn appears to believe that a multi-year partnership with an existing pbm provider would be preferable to the announced transaction. there are a number of issues with this view the stocks, cigna and express scripts unchanged after hours. michelle >> all right thanks for that update, seema. >> coming up, we'll get the after-hours earnings movers including why match is shoring, have you seen it going by? big mover. don't move with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com >>> we've got more news. becky quic

let's check in with seema mody and see what's moving on the floor. >> after two days of selling marketack. the dow up about 70 points nasdaq higher by a third oil up, brent at 73.70 traders on the floor say that's due to the stabilization we are seeing in the turkish lira they have three options to respond to the plunging currency raise rates, institute capital controls or look to an exterm company like the imf for financing. emerging markets are getting a lift zpoit soft economic data out of china rupy touching a low. bombback seeing a gain in europe stocks are lower growth in europe expanding half a percent led by germany the economic story still mostly intact despite the turmoil we are seeing in countries like turkey remember with turkey a lot of foreign policy experts say it's not just the economic troubles it is the geopolitical importance it has to the united states and nato. it stores a number of u.s. nuclear weapons and borders countries like iraq, iran, syria, seens a key player in counter-terrorism efforts. you have to wonder how worsening relations with the united states imp

to say as a result of all of this coming up later from kayla tausche but first let's setalk to seema mody >> i don't know about you but i vepgt spoken to one investor who said now is the time to buy turkey there's way too much working against it. >> you might be catching a falling knife is the old saying. >> to your point, u.s. markets are responding in a strong way we're looking at the industrials down about 191 points, both the dow and s&p now on track to snap a five-week winning streak financials faring the worst. stocks here as well as in europe have come under pressure amid these contagion fears. take a look at this chart. traders worried that turkey could pose global systemic risk to the financial system with its external debt as a percentage of gdp above 50%, one of the highest in the world, makes it harder to pay that debt off as its currency, the lira, weakens. materials, financials leading the u.s. market to the downside. energy and utilities faring the best certainly a defensive tone heading into the weekend it's worth noting the vix also on the rise just at 12 but up about 14%