>> we are still bullish on the share. that's why we reaffirmed the buy recommendation today with the target price of $2,000. >>> thanks for your thoughts tonight. >> thank you. >>> and we are watchinghat race to a trillion dollar market cap. at today's clo apple was still in the lead with a valuation of reeper ever closer to on's value alphabet, given the stock's move in late-day trading. >> meanwhile, on wall street, the market's majra as were mixed after the dow climbed after shares of travelers and disney. the nasdaq pulled lower by that historic drop in facebook ares. so the industrial average gained another 112 points today to 25,527. the nasdaq was down 80 and the s&p was down eight points today. >> as we reported last night, facebook sai it expects its revenue growth rate to slow from last year. that warning resulted in facebook suffering its worst day in history as a public company and the biggest one-day stock value loss in stock market history. so what happens now for fa book? look.boorstin takes a >> facebookai

and moped share. we evaluated the seven types, according to 10 guiding principles that you adopted last june these principles are all based on existing plans, strategies and policies such as vision zero, transit first policy, etc. so then we developed a series of questions for each guiding principle including out come metrics as well as policy and design features. since we presented detailed information on these in may, i won't go into them further now, but i'm happy to answer questions now if you have any. after the release of the draft report, some of the emerging mobility companies approached us and said, some of the places where you have question marks, we can fill those in for you and provided us with additional data allowing us to fill in a few question marks in the report. the changes didn't substantially change the report, but did indicate, as supervisor ronen spoke of an interest in working together. with that, here are our findings. first, the companies that performed pilots with our public

did he want to share? the sharing measure goes way down. this is an effective approach. is this like an ethical thing or a suppression of rights? it is not a suppression of rights. facebook's algorithm conditions, when we see stuff in our feed, it is what our friends have shared. that has an effect in our psychology. that has been demonstrated. there is a famous study where they are perturbed algorithms to learn about behavior and facebook is experimenting on us. wait a minute. there outgrew them was already acting on this. isn't it good about what they are learning about? their algorithm does act on it. it is appropriate the platform acts on it. they have an ethical responsibility to the acting towards the good. i think it is perfectly reasonable for the algorithms -- maybe we found mark zuckerberg's testimony unsatisfactory because he did not take enough response ability. let's have facebook tag stuff. that will work. i think that is hopeful. >> does this fit with your idea problematic -- sorry. downplaying problematic sources? natalie: yes and no. the idea is aimed at

the shares rose on potential regulatory approval. etna shares aren't tradinged vat $202 a share.or "nightly business report," i'm meg terrell. >>> in the uk, fox got approval to buyky, the green light removes the last hurdle for fox as it competes with comcastor the british broadcaster. the approval came after a long, rery review. last night we reported that fox sweetened its offerky for with comcast following just hours later with a highe offer. >>> now the other big deal news of theay was broadcom's nearly $19 billion acquisition of software compa ca technologies and this takeover was not expected at allecause it takes the chip manufacturer in an entirely new direction and that may be why shares of broadcom fell nearly 14% today as investors struggled to understand theionale behind this purchase. meanwhile, ca shares soare by 18%. aditi roy has more now on this rather headscratching get together. >>> the deal baffled many wall street analysts. reaction was swift as analysts questioned why a semiconductor company is buying a software firm. >> this has been their playbook for the

, we're not saying all time-shares are bad.re just saying -- >> oh, no. we're really not that unhappy with diamond. but my concern is if we have a hardship, to be -- have to go through the kind of struggles that i hear about, and then to not be able to sell on the secondary market, that, i think -- >> you're concerned you could get stuck with it, essentially. >> yes. >> what would you tell people who get approached to buy a time-share? you should not make any hasty decisions. >> i've said it 100 times. do your homework. that can be tough when you're sitting in a room with a salesperson who wants you to sign up right then and there. people are busy. they're on vacation. by the time they look at it, five days, seven days is gone. >> it's a vicious circle. >> well, one of the sales lines is that, "think of your time-share as a secondary home," a second home. and i say, "if i had a second home that i couldn't sell, i'd never buy the second home." now we reached out to diamond resorts now we reached out to diamond resorts and they p

these students qualify for free bike share. along with 150 free yearly passes and 300 single month passes for students who are not grant eligible. this pilot program was approved by the ccac to -- and initially recommended for adoption by the t.a. staff and the transportation service at the san francisco state university showed that nearly half of the students gave -- got to the campus by many mobile or b.r.t. and the percentage of students who arrive on foot increased by 42% between 2008-2014. i think that we should be supporting students, particularly in that last mile that gets them to class. so it's my understanding that the school has already begun working with motivate prior to the company being acquired by a lift. at the end of the day, i think i am in disagreement with penalizing college students by taking the funding back. i understand that with everything we do, we set a precedent and we are trying to lead and teach companies how to be better. but i think we should be rethinking the position. i ask that we consider it

share, thegs per market had penciled in nine -- 903.xpertsa whole host of out there, some more numbers for you on roche. they now see sales at mid single effect.nd a constant so it's raising the guidance, very different than some of the others we have seen. core operating profit comes in at 11.16, a comfortable beat on the 10.40 6 billion at the market was anticipating. anheuser-busch, anybody for a bud? adjusted earnings per share above 10, that is amiss. the are ready revenue, this is a considerable miss for airbnb. they came in at 4%. the market was looking for 5.7%. brazil is the second-largest market. big were hoping for that boost from the world cup. the campaign for bud started in may. the going to spend $2 billion on building the brand. $5.3 billion in terms of sales, a comfortable beat on the 5.19 that the market had penciled in. let's have a little more detail on the nokia numbers for you. nokia, the operating margin 1.5%. the primary focus for nokia network is the market declining by 1%-3% this year. that is your guidance for

of their ow shares each quarter. the figure missed market expectations you are seeing shares off 1.6% production also declined in the first quarter of 2018. speaking to cnbc earlier, the ceo gave us his take on the firm's results >> our earnings are solid. there's a number of things in there. if you look at integrated gas, very good quarter. twice as good as the same quarter last year. upstream, good, solid quarter. four times as good as the same quarter last year. downstream is lower. bear in mind downstream had one of its best quarters in q2 now we see a tougher environment for refining and trading we saw higher costs this quarter and downstream as a result of a heavier maintenance program. then if you look in the oil markets, everybody will look at brent up by 50%. at the same time wti, to which we are exposed significantly, only up 40%. the gas market in canada, 50% down and 7% down. so there are a number of moving parts that make our earnings harder to understand than we ourselves would like as well the key thin

let's look at shares here.'re near the top of the european blue chip stocks after the airline reported slightly better than expected profit for the quarter. the company about cite good demand on its north american routes the firm sees unit revenues increasing slightly this year, but has maintained guidance for adjusted earnings before interest to fall from 2017's record level >>> over at thomas cook, shares are pared back early losses after dismissed reports of a planned sale its annual profit will come in at lower expectations with hot summer weather in europe negatively affecting late holiday bookings >>> let's give you a check on vivendi. shares have been in the green as they mull the sale of up to half of its prized music division it could be sold this autumn with a final completion date set for 18 months. umg has proven to be a valuable business for vivendi the decision comes as vivendi beat first half core operating profits. elsewhere the company said it was in talks to buy a french publishing group >>> a

>> the decline in labor share of

our capacity to do a share buyback. that will depend on where shares are trading when we close. the board has approved a $750 million allocation for share repurchases. deafening on where the markets are at that time when the fed on how aggressive we will be. ed; shareholder register, a who's who of investors, bill ackman, larry robbins, paul singer, elliott management, they see you as a deals got, not a guy who does an aggressive buyback program. they want you to do m&a. well that be the direction of element? acquiring other companies? martin: a good question. investors have been great supporters of us that it is not just about m&a, they see us as capital allocators and capital allocation in a way by the share buyback is internal m&a. they are looking at what we are doing as value drivers and we are about sharing shareholder value. about where stock will trade over the next 12, 18 months and beyond. we are repositioning the business and they are supportive of that. i was talking to one of those investors a short time ago. it is the right strategy for the company. we are also pos

of auto maker following 3% as famed short seller receive stee steve iceman shared he was short shares of autoic maher might remember him from the big short. this as comes up to report earnings phil low bow here is report on that. >> the earning report will get plenty of attention. and there is one primary question on the mind of investors. what will tesla say about potentially raising capital? now in terms of the earnings themselves for the second quarter tesla is expectsed to report a loss of $2.81 on revenue of just under $4 billion. the imimplied move in the options market is 7.5% either way. three things get plenty of attention on the conference call what do they say about raising capital? we no he elon musk said the company doesn't need to do it. but keep in mind they had cash burn and liquidity rirns into the had second quarter and they did a lot of expansion for the model three. speaking of the model three where does it stand in terms of production and reservations? there are plenty of skeptics out there in tesla and there is one talking about that in his skepticism in th last

the shares tumbled. julia boorstin with aat loo why thereaction was sharp and steep. >> the investigation into les moonves comes as theny is in the midst with legal battle with viacom control shareholder and national amusements. after she advocated for mbination of the two companies, cbs led by moonves sued for a dividend to dramatically lower the stake to prevent merger. no right for national voting control. investigatiews o into moonves, which could threaten his leadership, viacom ares moved higher and cbs shares moved lower on the perception that cbs's boa investigation could threaten moonves's leadership of cbs making it morey l that a c merger betweenbs and viacom happened. moonves lauded for his leadership of cbs since it split fromiam back on january 1st, 2006. in that 12 1/2 years moonves bucked expectations cbs would be the slower growingf the companies, diversifying from advertising and growing feeds from cable providers and digital revenues. cbs shares have surged since in contrast viacom shar

so if people shared knowing it's false, telling them it's false will not lead them to share less. they share in order to get more likes. social media is all about being social. maybe i will generate more comments or likes when i share something like that. then again, how do we target intervention that recognize that. it's not about lack of information. people may have the information they just choose not to accept it. >> i think the sharing activity is much like the response john was talking about on the first panel. when we talk about the response for people give the false response, what's going on there, is that cheerleading? is it just for fun? maybe the sharing behavior is similar to the expressive survey response and that's like a connection between the two literatures, the vaccine stuff just drives me nuts. it is the one sole area where there is good demonstrated evidence of this kind of behavior. so there is two studies both preregistered on big samples. this is a correct finding. 10% sliver i believe it is the bottom 10% of people who believe in vaccines gave them pro- vac

facebook shares plunge as the company's facebook shares plunge as the compa ny‘s earnings facebook shareslunge as the company's earnings disappoint investors. and is the us— eu trade war over? if you believe these two men, it is. but will eu member states oblige? good morning, asia. hello, world. it is thursday. glad you could join us for another exciting addition of asia business report. we start off with facebook and you would think the jump of 42% in its revenue is pretty impressive but not for this social media giant. for the first time in years, its revenue felt —— fell short of investor expectations and shares tumbling in after hours trading by 20%. that is $44 tumbling in after hours trading by 20%. that is $41; per share. now facebook stock at $117. its other shares closed at an all—time high before the closing bell and its market soared to $630 billion. the firm is facing a backlash for its handling of fake news and privacy. i asked our technology reporter if this after hours fall is a knee—jerk reaction. some investment allah this — — a na lysts reaction. some investment allah t

shares were volatile in the after hours.e regular session up nearly 2% at $142.64 and anthem's decision to scale back its presence in its affordable care act market helped that insurer hold down patient dical costs this quarter. the company said that the drop in expenses along with higher premium rates helped earnings rise and that topped expectations and the shares rose a fraction to $247.93. >>> hca health ce treated more patients this quarter and that helped send profits higher. the upbeat resul prompted the hospital operator to raise its full-year earnings soutlook, well. shares climbed 9% today to finish the day at 118.13. sue? northrop grumman said a recent acquisition and stronger demand en the aerospace systems products helped r and profits beat wall street expectations. the company said it expects sales for fighteret parts to remain robust and as a result it is raising its earnings guidance for the year and investors were hoping for an even stronger nd outlook ahey sent the shares down 2% to 295.50. after the bel ma

shares of comcast andisney were up on the day. was down ever so slightly. >> as traditional television and movie studios do scramble for content and viewers an old competitor has been growing exponentially and ttht would be video game industry and the hottest game around right now is fort night and it recently became a billion dollar business. julia boorstin tells us why. independent game developer epic games has ats hit on hands. the company topping that landmark billion level in large part from in-game purchases around the pular battle royal mode, which allows people to play in one game at a time. in-game purases growing to $318 million in may according to super data research. >> it is unusual to see this s level ofcess that fort night's had being that it's an independen developer. we typically do see the majority of major titles coming from the big three publishers, activision,ct enic arts and take two, i should say. when we look a this title, it's unique. there's not goi to be a lot of title like that that come from independen

shares of cbs on the decline.f the hour, on pace for its best day since february of 2016 with shares up more than 8%. we have more, is still are earnings report. >> they outstripped analyst estimates, earnings per share of $1.38 compared to an estimate of $.89. powering the share price move today. expedia has a history of large stock -- post earning stock swings, up 8% last quarter and the two quarters prior, double-digit declines. that should not take away from the quarter we are looking at today. is5 purchase of homeaway starting to pay off. updating technology and persuading hosts to handle transactions online. we saw profit at homeaway doubling in the second -- compared to one year ago. vonnie: thank you. falling, down 3.8%, the hollywood reporter saying the new yorker will pose an exposÉ i ronan farrow that will say that les moonves has been accused of sexual misconduct. no comment from cbs. ♪ david: noon in washington and 5:00 in london and midnight in hong kong. from new york, i am shery ahn . .avid: i am d

let's get a closer look at ams shares they're moving sharply higher. they have hit the top of the stoxx 600. that's been pulling fellow european chipmakers higher as well the iphone supplier issued upbeat guidance for the third quarter. the company, which makes 40% of its revenue from apple, says it expects a record level of revenues in the second half of the year that spells good news for the sector in the session. >> ran stdstad shares are highe after beating expectations adjusted income rose 23% year-on-year the ceo said the u.s. business picked up slightly third quarter gross margin is expected to be slightly lower thanks to seasonal factors >>> shares in norsk are rising after second quarter earnings of 2.7 norwegian crowns they said u.s. tariffs and sanctions continue to contribute to market uncertainty. the partial closure of its refinery in brazil has also played a role in that uncertainty. we have joined by the cfo of norsk hydro, eivind kallevil thanks for being with us you acknowledged you're uncertain about the full reopening of the refiner

shares initially traded lowern the extended session erasing a 2% gain from earlier when shares closed$93.40. >>> when you think of socia media influencers you also think of cebrities with b followings, but that's not always the case. regular people can also become influencers and all it takes is a niche, lots of posts and aow gring audience and the ad dollars can soon follow. kate rogers has more in the small business mraerts segment. >> the 20 recession hit kelly and daniel hard. he lost his job in personal training and hers as a youth counselor within days of getting married and closing on a home. to make ends meet they turned to their experience in the fitness world. >> we both had time to pick up extra job, but in the meantime i started writing online and i started to grahe concept of passive income. you work once and you createt content thas ideally evergreen and itpl brings peo and income to that content. >> they used youtube, uploading content directly to viewers from workouts to commentary on living a hea life with balance, joining the millions of content crear with their chan

shares rose 14% to 34.21. meanwhile, shares of interpublic group were off, almost 22% to 23.03. >>> shares of wynn resorts took a hit last month after macau income took a plunge. after the bell, herman miller said a rise in orders across all divisions helped over all sales rise and top expectations. the com rnysed its dividends 10%. ares of herman miller were higher and in after hours they finished the regular session up more than 1/2% to 34.45. >>> a newve ssays more americans are leaving their debit cards in their wallet. 74% of americans used them in 2013 compared to only 58% today as consumers now turn to credit cards and mobil payment options. jo ning us right is kimberly palmer, she's banking and personal financial expert. >> i gss digital technology is more convenient. >> people are finding they have so many more options now, other than debit cards and with the growth of mobil payments, they have soany choices that they're seeing less of a need to pull out their debit rd. >> know that everyone says that

closing last night at just over $400 a share.ligan is a senior analyst and research director at midia research. talk us through what netflix had to say. it was a 14% drop? what we talk us through what netflix had to say. it was a 1496 drop? what we are seeing here is wall street having particularly strong anticipated performance for one of the founders of the group comprising of facebook, google, amazon and netflix. the stock has doubled. what we are seeing is a return to normalisation of expectations the netflix. if you look at what they have achieved in the 21 years... is it 21 years? 1997. they have only been a streaming video first company in the last few years. they have gone from being a dvd rental business 11 years ago, focused primarily in the us, to 110w ago, focused primarily in the us, to now being as global subscription and video demand market with 20% of the global market. but it is not met its own targets when it comes to new subscribers. we are seeing the drop—off in the us. have they reached saturation point? clea

derek cohn is an expert on buying and selling shares in companies that aren't ready for their shares to be bought and sold. barrett is ceo of scenic advisement joined by john schwartz of barons and david baker of the "san francisco chronicle." this is a secondary market, right? pretend i have no idea what that is. explain to me how somebody can sell stock if it's not on the stock market. >> the secondary market is just like buying anything that's -- it's like buying a used car, right? when you go to a car dealership and you buy a car off the lot, that's the primary market. when you go to craig's list, that's the secondary market. >> okay. so there are shares out there of uber or pinterest or other companies that aren't public that can be sold and bought? >> a whole market has emerged dating back to sort of facebook amongst late stage technology companies where, yes, people are buying and selling private company stock. the phenomenon of companies staying private longer is very real, especially late stage technology companies because there is an abundance of capital for those companies

our interests and share our values. that is unique, quite unique in the modern world than it has

capacity to do a share buyback. that will depend on where the shares are trading.$750 million allocation for share repurchases. depending on where the markets are at that time will depend on how aggressively will be. >> i'm looking through the shareholder register. it is a who's who. you have a larry robbins. they back you as a deals guy, not someone who is going to do an aggressive buyback program. is that going to ultimately be the direction? >> a good question. for some people, they are great supporters. but it is not just about m&a. they see us as capital allocation. back a way, a share barra buyback, wee barr understand this transaction and what it means. it is not where the stock trades today but where it will lead over the next 18 months and the lawn -- and beyond. talking to one of those investors, a short time ago, it is the right strategy for the company end we are also petitioning over the long-term to become a more attractive investment candidate for the long institutional type investors. our love for of average on the balance sheet was not as attractiv

you have enough capital to buy your own stock and to pay dividends or higher dividends on your own share so it's kind of a circular relationship that these private banks have with the fed who test them but also suggests that they don't necessarily need as much leverage or they passed their leverage test as the tests have been constructed and therefore they can use that extra capital to buy their own shares it's one of the reasons we've seen in the last week all of the shares of the banks or most of the banks right first because they've had high profits but second because they are going to or have began to begun to start to buy more and more of their own shares they've already bought millions billions of sort of last week last year and so forth but now they're going to continue into the rest of this year and that's basically providing them additional lift to their prices you are right we talked about these bank profits earlier in the week and a couple of them because they were sort of symmetrical i recall b. of a was a thirty three percent growth in q two and you're one of your former emp

these a-shares are lower.st estimates amid rising spending on the credit card products. joining us now with more is taylor riggs. taylor: some of the weakness we see in the share prices is that they said they would have to increase incentives. and the stronger dollar is creating headwind on this transaction going abroad. overall, the earnings report was positive. if we take a look when it comes to credit card growth, we have a chart here for showing credit card growth. customers feel good about taking on credit card growth. the volume is now raising by 12%. 2017-2second quarter of thousand 18, we started to see higher volume. that was good for growth. so fuel and debt fueled the stock today. vonnie: what about overseas growth? taylor: they are making a big push into europe. i merrily a region based on that the cards. they did complete the acquisition of europe two years ago so they are finally starting to see the synergy and the cost cuts are coming to fruition and going forward they are making sure they get i

share of trade related issues. today the company says it plans line l out an expanded of -- lineup of smaller bikes in an international push for growth. in an interview with cnbc, the ceo defended the company's decision. a decision that drew criticism from president trump. >> certain commodities like grain and soybeans are traded off against otherhings like motorcycles in the basket of nations.ween and so picking on one specific thing like motorcles and assuming it's going to be easy ff change, that's where it gets complicated and ult. the administration is working hard on this issue. we have endured tremendousnd economic noneconomic trade barriers in our international growth. we have competed on our merits, 've done very well, we're in over 100 countries now around the world, and we're doing well, despite some of these things, we would like a little bit more of a playing field, because we think we can do even better. do you think we'll ultimately get that. all of this is to get to that place. >> i -- they are abso

>> this whole concept of the guy can only buy two shares and not three shares from amazon is the onenot being involved is ludicrous. it's about price weightings, and that's a price-weighted index. no, i don't think amazon should do this for the sake of throwing a bone to their investors. this company continues to execute the biggest issue right now is certainly the valuation people believe every sector that they want to dominate going to and i think the health care boost in the last couple of months is a big part of this stay long the stock. >> it seems like the etf would have a bigger role you could still buy $179 share of 2q and the spider select xly and the consumer discretionary and amazon is 23%. if you want to own something and you want to get exposure there and if you own netflix it's 6% there are ways to do it more affordably and it's for the stock like amazon. it's outperformed the s&p 10 to 1 basically in the last 10 years so tell them they're doing something wrong. i don't think it's a great idea for them to split their stock. >> i don't think their -- you would get more r

shares of almost 4% in the final chart i want to tell you about ,s roche, shares rising today the company raising its full-year profit. i will talk about that in more detail in half an hour's time. 90 minutes into the trading day, julie, as it looking? julie: it's looking good or bad, depending on where you're looking. trade comments seem to be having something of an effect on the dow at a later effect affected the session yesterday. not on the rest and that is because of earnings. it's a very busy day for earnings in the u.s. as well, isticularly the nasdaq taking a hit because it's heavily weighted towards large-cap tech and other big earnings disappointments. is the big one, facebook shares continue the isnge and user growth that coming in below analyst estimates. i have jim reporting an experimental alzheimer's -- biotech reporting and experiment alzheimer's medication but the results were not quite as good. down in the third-quarter outlook misses estimates. those shares down 4%. ngs are down faa today. we have an index of the fa down about 5.5%. we are watching a deal in the grocery

they are selling these shares and some of the other tech shares. here are the shares weighing on the nasdaq 100. , its worstwn 19.4% day ever, going back to the may 2012 ipo, a disappointing second-quarter, especially relative to sales in the user numbers are disappointing, and third and fourth quarter numbers could be week as well as investors what is ahead relative to the privacy-data scandal and the implications. a lot of large numbers. the shares of biogen are down sharply, more than 11%, the worst day since 2016. disappointing data around the alzheimer's drug. and align technology, the dental , and it iswn 4.6% interesting because of course, this will be the last piece of the faang trade to go -- if we include apple, not so much, but in terms of the original faang trade. facebook and netflix are disappointing, google and alphabet are strong. facebook has a history of putting up strong quarters and then puking, so investors could be worried that this is this kind of the quarter. let's hop back into the bloomberg, because this is the amount of v

and worried about apple shares relax. because dan nathan has a way to protect your profits heading into next week's earnings for almost no money. it's time to risk less and make more the action begins right now. >> we'll get started with am the stock sinking nearly 2% today after an all time high earlier this week and the fate of the tech rally could hang in the balance of this report expecting a 4% move in each direction for the stock. that's nearly $40 million of market cap how could investors protect their profit the rest of the market kind of responded. we saw it go into other areas. today we saw a little bit of a different story here we saw the last of the megacap that's levels where we're trading right now so when you think about earnings on tuesday afterno afternoon, that's how much the stock has moved over the last four quarters here i'm not expecting an upside move greater than that. they responded to better than expected results they had a nice gap and all made new highs but it was to the tune of 2 or 3% to me y

shares rose to $53.56. on earnings and missed on sales even as ite added m active buyers. the e-commerce platform also gave revenue current quarter and for the year. that was a little bit light. shares of ebay fell initially in the afterut hours, finished the regular session up a fraction at $37.95. >>> bargain hunters rejoi. by one estimate there were more than 150 retlers offering deals over the past day or so to compete with amazon's primeay. target said yesterday it was its biggest online day of the year so far for sales and traffic. as for amazon itself, by its own ed up te, prime day e being its biggest shopping event ever. courtney reagan has the detai. >> even though amazon prime day had glitches preventin shoppers from shopping for the first seven hours, it was still ain record bre day. prime day and a half was the biggest global shopping event in it history, beating out cyber friday and last prime day when comparing 36-hour periods. ugh, comparisons are here's what amazon said. prime members bough

so we can help them share what we know, we will share with-- they will share what they know. it's a good relationship in terms of the engagement. >> you may have covered this but how much cooperation is there as far as you sitting down with other secretaries of state?>> this provides an excellent coming together on a bipartisan basis so that we can have these conversations about what is happening. providing the space for it officials it was rank-and-file to be able to have conversations of security issues and those are critically important in this day and age.>> are there secretary of state's who feel this threat is overblown? >> i don't think that anybody at this point-- for the most part i think everybody agrees there's some level of threat. that was made very clear in our security briefing. there is more tension around the issue of communication of where the federal government is and how do we go about finding out what is happening in our own states so we can help proactively address the issue at a local level. >> i think that's spot on. everyone understands that the threa

at this point, through the election infrastructure, information sharing, and analysis center, we are working with all 50 states. we're providing a range of technical services from vulnerability assessments to remote scanning capabilities, to a number of states. we provide information intelligence, but we also provide training through a number of the training platforms the dhs has but also we're doing exercises and instant response planning. >> how much of that direction is coming from the white house? is trump telling you to do this? >> i think we need to be clear that i don't talk to president trump. i'm an undersecretary; right? but secretary nielsen engages the president and the national security advisor and her peers across the inner agency on a regular basis on election security issues, yeah. >> is there an overarching strategy from the white house on -- that coordinates some of the different agency's responsibilities, how we respond to election security threats? >> so we have clear direction; right, but the operational technical agency level, i work very closely with the fbi, w

cbs shares are falling.eport that the new yorker will publish an article that will accuse the ceo of c bs of sexual misconduct. not suggesting that there is truth to that. >> we will now bring in an analyst. i will not ask you about the allegations we have not seen them. putting in a larger perspective of this titanic struggle between cbs and what is going on with that? about right way to think this is the media world is under real pressure. the headwinds are obvious. you have rupert murdoch selling his company. a deal was just approved today with disney acquiring fox. using time warner acquire at&t. the reasons why all of these transactions are rushed to merge is happening is because the landscape or media is changing. consumer behavior is rapidly shifting away from linear tv, away from big bundles of content. we have always thought that the most logical decision for viacom and cbs was to merge. these two companies share a lot of history. they make sense together. movie, cbsakes the makes the tv shows. one

in his mid thirty's files finally decided it was time to share his passion for astronomy with others what he lacked in formal training he made up for him and. he came up with the idea for meetings with other strong what he calls star camps. at first they took place at the local campground but file's wanted more in two thousand and eight he built his very own observe the term. seen some wonderful things from this observatory in the one. take it to the next level no i'll but i'm starting once famously said that the one the most the most in comprehensible thing about the universe is that it is comprehensible and you know if we all grasp all one of the great aside as to the side so well the lived the message is telling us as though we can understand the how the universe works and the observer to compute wonderful home for. his economic in the pool and astronomers tell you which carry files tells of the great satisfaction to be found in discovering one's own. car pooling and ride sharing have become very popular especially with the advent of easy to use applications on smartphones or lyft

shares falling 3% today as the famed short seller revealed he was short shares of the electric auto maker you remember him from the big short. tesla gears up to report earnings phil lebeau has more on the story. phil >> tesla earnings report next week gets plenty of attention, and, really, there's a primary question on the mind of investors, what will tesla say about potentially raising capital? in terms of the earnings themselves for the second quarter, they are expected to report a loss of $2.81 on revenue of $4 billion. by the way, the implied move in the options market is 7.5% either way three things will get attention on the conference call what do they say about raising capital? we know that elon musk said the company doesn't need to do it, but keep in mind, they have cash burn and liquidity concerns heading into the second quarter, and they did a lot of investing into the production expansion for the model 3 and speaking of the model 3, where do things stand in terms of both production as well as reservations there's plenty of skeptics out there when it comes to tesla, and there's

apple hasnnnced significant share buybacks.unced a didend raise and it's got lots of cash on hand and one thing that is being underappreciated and almost nored by the market is any potential innovation. it's kind of being looked at as an old, tired company and we don't think it is and there's a lot of upside here. >> finally, a similar you've been telling us, but this time a different name. paychex. as the economy continues to grow, unemployment continues to drop, and strong growth story and they've been raisingdi dends and we expect that to continue through the year and into next year and that is a bti po for paychex. >> have a great weekend, oliver. goodo see you again. >> bill? >> america's whisky indus is not immune from the trade fight that we've been talking about. it faces a 25% tariff from china on top of those aeady levied by europe, mexico and canada, and states like tennessee and kentucky that ry the m on whiskey from revenue are getting hit the hardest. us essa brewer is with tonight. >> at kentucky brewing company,

price target $ shares finhed up 1 1/2%. the same analysts that upgraded fedex.wngraded the firm cited the company's global footprint. price target $256. shares dropped to 130.18. >>> wells fargo was underperformed the stock's valuation is compelling. wells far go could return to st in class status among the 2020y center banks by ckice target $63. the s rose nearly 3% today to 56.98. >> an industry tha is climbing to new heights. are the defense and aviation sectors moving into an extended super cycle? i'll have that story coming up. >>> i goldman sachs expected to name david sol 3457b as the firm's next ceo. he's currently goldman's president. the announcement could come as early as tomorrow. >> the current ceo will stay on during a transition period. he's been ceo for 12 years now. lower costs help bank of america top earningsti tes, that's where we begin tonight's market focus. the savings and a rise in loan growth help the bank's profits rise at a faster than expected clip. revenue edged higher in all of its visions. and

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shares jumped to 39.45. meanwhile, interpublic fell to 22.33. >>> and tesla shares continue to all today after a report the carmaker eliminated a brake safety test during production of its model 3 vehicles. tesla said it felt the so-called brake and test was redundant as it already puts each car through a rigorous quality check. shares nonetheless were off 7% to 310.86. >>> last night we told you about concierge doctors. this is a growingrend in health care where physicians charge customers a fee upront forunlimited access to primary care. such a service has long beened consid luxury for the rich, but as btha coombs reports, the trump administration is considering whether medicare should allow me patients to buy into these kinds o practices. >> reporter: tim o'connor dedicates his time in retirement in tea english and keeping on top of his health. >> i don't have a great cardiac family history in my family.he >> reporter: w his doctor converted to a concierge practice with a $2100 annual fee per person, tim

however, it's just as easy to buy back shares, reduce the denominator, the number of shares outstanding and meet their performance benchmarks. we found those cubbies and filed shareholder proposals and for example ibm and xerox to companies which had enormously large buyback programs perhaps are not investing much and innovation and were instead returning capital to their investors, because that was the executive incentive structure we filed our proposal and those companies agreed to modify the use of eps to discount for the use of buybacks and now what's happening, corporate america is trying to take away the right of shareholders to use the proposal process, rule 14 aa to monitor executive compensation and other issues like corporate social south ability and environment wishes so that the business roundtable you have chamber commerce, they are trying to shut down this rule which allows investors to hold executives accountable. >> i want to underscore that for a second and turn to questions. the shareholder proposal process is one where investors work with companies-- to have this righ

you shared a little light on the resources? >> i can vouch for the fact that the information, it is easy to quick fixedly -- fixed quickly if it is outdated. the second part of resourcing is important, the public sector, people working on this in government. at some point we need to invest in making sure the people at the local levels, you can have federal resources at the federal level, at dhs. if they cannot involve and engage with anyone on the local level. you're going blind. i think there are 2 pieces, first is equipment and the next is human resources. >> we talked a little bit about this, what is occurring, give us your opinion on how you see it, pro or con in terms of the sector. >> thank you, this one is clear, the homeland security act of 2003 provided the secretary of homeland security authority to lead the critical infrastructure activity across the federal government. in coordination with sector specific agencies the intelligent community and law enforcement. i think to the extent that we are creating duplicative,

-- or so worth of shares.n washington, we have isaac -- stonefish. how big of a blows this? >> they had banked a lot of its future on a merger with nxp, and now that it is not happening, there will be questions long-term about what the future of qualcomm is. and, how it will be able to grow. it did cushion the blow today with the stock buyback announcement, but that probably will only give a temporary boost to the stock until we get a little more clarity from management on what they can do. , it isas an xp --nxp murky on what options they have. in less some of the rhetoric on the u.s. side between the u.s. and china changes, in the next few months, i think both companies will have to go on sort of a solo path if you will. emily: nxp has a tough job ahead convincing investors it is an independent company and has a strong future in doing so. the ceo of qualcomm said they had to move on. there were probably bigger forces at play than just us and we are still big fans of the deal --nxp ceo said they had to move on

is where the action is is shares of harley today actually up a little bit. about 1.6% at the moment. of course the stock got really hit hard when they announce d th idea they were going to move some production to the eu for motorcycles they're selling in europe to try to get around these. >> 16% increase, right >> and then they're look iing at the increase in cost because of steel and the rest of it so kintd d of a noisy situation the market saying look, it's not clear if there's going to be a replacement product for harley but it's interesting and of course, 2017 sales decline before this happened shows you they were struggling >> they were having other issues before this. the u.s. chamber of commerce announcing a new policy. the group says the president's policies are increasing the chances of a global trade war. eamon javers asked sarah huckabee sanders at the campaign yesterday. here's how she responded >> the president is focused on he willing protect american workers and american industries and create a fair playing feed that's what he wants to do and

jetblue reporting quarterly profit of 8 cents per share.er than expected operating expenses even those excluding fuel was up. >>> united technology reporting $1.97 a share beating estimates by 11 cents. the company raising its full-year outlook. that stock is up by 2.4% and a number of notable earnings out this afternoon as well at&t will be reporting after the closing bell also out with quarterly numbers. >>> holding a public hearing today regarding proposed tariffs on $16 billion worth of products president trump just tweeting the following. he said tariffs are the greatest either a country which has treated the united states unfairly in trade negotiations, a fair deal, or it gets hit with tariffs. it's as simple as that and everybody's talking. remember, we are the piggy bank that is being robbed all will be great, exclamation point. kayla tausche has the latest rundown on where the trade war stands now >> certainly the president believes the tariffs he has put in place are the most powerful negotiating tool that have brought trading par

largely done through information sharing and analysis so routinely share information out to ensure electionofficials have the information they need to protect their systems and second is to provide services to local officials on a voluntary basis. we provide on-site risk and vulnerability assessments and hygiene scans and assessments on resilience and readiness in order to support state and local officials should they need it. working at the federal level of intelligence committee that intelligence is shared as one of the lessons we have all learned from 2016 to ensure that the operators are empowered to receiving information to protect their systems so we have been cooperating to make sure that information is shared. >> in march congress allocated $380 million of spending to be put toward election security. how is that money spent and what's type of oversight controls to be sure money is put to good use to make elections more secure? >> i will defer to my colleague colleagues. >> we have run that through the grants division that is used for cybersecurity efforts and upgrading voting system