simon hobbs join us. >> second session of strong rallies. can see in western europe, easing of ukraine tensions. day two of the rally, of course, getting data about the degree people pulled money out of european. focused, saw a figure of $4 billion. the rally is now back on. germany outperforming because germany bought the brunt of much of the selling. a piece of the vp s&p has around of ground to make upa year-to-date chart. akoiccording to reuter, pushes n ratio in germany, trade at 15 here on the s&p. some people perceiving that as value. top loser today, bhp billiton. spinning off cool and silver assets into a separate company, but no share buyback announced. stock down almost 5%. top gainers today, the danish conglomerate of the maersk shipping line, 15% of the world's cargo around the world, instituting a $1 billion share buyback and maersk is doing well. higher volume and cutting costs further. >>> sterling has been under pressure today as we wind our way towards jackson hole and janet yellen speaking for the central banks. there was

and in turn, i challenge simon hobbs with cnbc. bring it on!bucket challenge live himself outside the new york stock exchange later on in the hour. with that bucket right there. there is ice in there, i saw that shot. >> yeah, he's going to feel it. >> controversy online about people taking the ice bucket challenge with no ice. the water bucket challenge. >> you used real ice. >> that's ice, right there. for hobbs when we come back. so i can reach ally bank 24/7, but there are no branches? 24/7 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for busines

simon hobbs. >>> when we come back, netflix getting serious about being funny. comedian jim jefferies starring in the first-ever netflix stand-up special and he'll join us later on on "squawk alley." thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. ♪ ♪ [ male announcer ] during the cadillac summer's best event, lease this 2014 ats for around $299 a month. hurry in -- this exceptional offer ends soon. >>> streaming giant netflix set to release five exclusive comedy stand-up specials including comedians like jeff jefferies, chelsea handler and bill cosby among others. could this be netflix' big hit? jim jefferies is a comedian. his special the first of five new stand-up comedy specials netflix is releasing. join joins us from l.a. good morning to you.

. >>> we want to bring in simon hobbs, european markets closed just moments ago. ere to tell us what's moving. simon? >> this is a very strong move in western europe here. for the record, the uk is closed today for a public holiday. and the german business confidence, the survey of 7,000 executives, fell in confidence terms for a fourth month. but this is a strong rally. and it's really all about mario draghi and the comments he made in the united states on friday. the main comment that he made and what's really moving markets, as he said, that inflation expectations were falling in the eurozone. for the ecb, for the central bankers, that's absolutely key because he can no longer stand up in front of people and say that inflation expectations are firmly anchored at the target 2%. they have dipped below. and it opens up possibility of further action, whatever that may be. and of course, that's a very big discussion to be having. if you looked across the board, it is the spanish, the french and the german stocks that have risen today. but the italians just at the mar

. >> simon hobbs is jacked. >> i know. i was chuckling when sara hit him with that bucket. listen, they've raised $15 million this summer for this challenge. that's incredible. that's what it's all about. they only raised, like, $1 million during the same period last year, correct? >> yeah, just under $2 million was the number. a lot of people cynical saying just donate the money. what i like about this is the online economy is all about attention and monetizing attention. that's what facebook does, google does, all these online celebrities do. it's being done for a great cause. so why not? >> and the virality is phenomenal. the fact that in 24 hours three people have to do it, and it all shows up in your feed and people are engaged with it. over the weekend, every time i went into facebook, it was ice bucket challenge after ice bucket challenge. >> somebody just asked me a question, what happens when you get past and everyone starts to get really annoyed with it. obviously it's still for a great cause and it's still going to spread because of those effects you just mention

simon hobbs. >>> when we come back, new details of the russian hack of jpmorgan and other u.s.anks. the latest. >>> and squawk on the tweet. importance of secret code names for deals. we're asking you works have have been a better name for project wing? tweet us as "squawk alley," we'll get some of your answers later in the hour. (vo) watching. waiting. for that moment, where right place meets right time. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours. ugh. heartburn. did someone say burn? try alka seltzer reliefchews. they work just as fast and taste better than tums smoothies assorted fruit. mmm. amazing. yeah, i get that a lot. alka seltzer heartburn reliefchews. enjoy the relief. dovisit tripadvisor new york. with millions of reviews, tripadvisor makes any destination better. >>> one day later. trying to figure out all the deta

. >>> bring inside simon hobbs to count you down to the european close where a lot of comments about seem to be stirring up? >> right. whether they're about to embark on qe next week. for the record, consumer confidence, investor confidence, italian, coming through. negative today. really set the stage for more speculation for the big banks whether it will embark on qe when it meets thursday. take a statement from reuters. ecb sources saying any new policy is unlikely at that meeting, unless you get a deterioration inflation data that comes out tomorrow for germany and spain. spain could have 0.8% deflation in that country, and then the cpi friday. take you to face value, now our focus. remember, mario draghi, jackson hole, talking ak inflation expectations. those you can pick up in realtime from the market, for the instrument. it's not really about published inflation dates. let's leave that there. nonetheless, pushing in europe, still higher. the yield still lower to record lows. so record lows on the bund today fairly below 1%. the spanish, italian, the french yields, also all dire

. >> meantime, let's get over to simon hobbs for the european close. >> head of nato may be suggestinghat there a high probability they could intervene. but the news on friday suggesting the military exercises were over means you had a strong technical rebound here on the markets. a lot of -- it's a very broad based rally across western europe. at the helm of that, you've got the russian connective plays that we were talking about about some of them falling so heavily on friday. largest salmon producer, bank out of austria, look how the airlines have bounced. on the one hand, there was the fear the russians would prevent them flying to asia over siberia. basically diluting air france stake without them having to put up any capital, as well. so that is another reason why they're higher. interesting that the italian bank continue to be treatment h. extremestrea extremely active. so a lot of green on the screen today. but it could be a tough week for europe. see how the germans are in negative territory. spanish positive off a much lower base. the news is that on thursday, we will get ger

. >>> bring in simon hobbs. euro business looking sluggish, a lot of green on the map there is.sense good news. maybe bad news for europe. makes it uncomfortable for mario draghi, ecb president. flies in to give a speech tomorrow afternoon. a question of whether the eurozone recovery is moving in the right direction, quite clearly what they might do moving forward. mario draghi, unveiled a package in june. going to the banks next month. let's wait and sigh. jp morguen in a note suggested they believe the risk of sovereign qe, buying of government debt around the eu eurozone is steadily rising because of risk of moral hazard the germans might object to is falling, they say. a lot of countries have restructural reform and a lot of the banks go through the stress test we'll hear much more about. interesting that the italian banks were rising today. upgrade coming through on that, recapitalizations. you see around europe, weaker banks rising perhaps in anticipation that the ecb might do nor moving forward. the austrian a bank, most with russia, the europeans and russians know upbeat

simon hobbs, thank you. >>> um next, according to cisco, in three years over half the internet trafficill be video. does that make amazon the billion dollar purchase of twitch a better value? we try to answer that. >>> and burger king buying tim horton's with $3 billion in financing from warren buffett. tweet us at "squawk alley." which of the combined king/horton's named after buffett? your answers later in this hour. >>> touch pico, turning into a hand-held or smart device into ain 80-inch touch screen. table of everything from videochats, netflix streaming to business presentations. the campaign's goal, $55,000. it's reserved over $570,000 in funding from more than 2,000 backers. scan wireless. a mouse that can scan anything to your laptop or tablet, with a click of a button, documents, photos and any stex sent right to a user's device. it also allows for direct editing of newly scanned documents. the campaign's goal, $30,000. to date, it's raised more than $100,000 in funding. who should be this week's tech crowd lead jer vote now at cnbc.com/techcrowd. but what if you could see mo

jon steinberg, daily mail north america >>> bring in simon hobbs counting down the european close in a few minutes. >> check out the bottom right-hand corner of i don't are screen. shrinkage in the greece economy, 0.2% in the second quarter. a quarter of the greek economy destroyed since 2008, but they now have a primary budget surplus running at three times target. the rest of europe will be very happy with that. that's where the good data ends. deflation is accelerating in spain. 0.4% year on year. you would have deflation of 0.3% in france for the year, but for the fact that cigarette prices are higher, and overall industrial production for the eurozone having contracted 1.1% last month is now down another 0.3%. that said, the equity stock market rising today for all the reasons we usually discuss. like central banks, plus the fact that some of the companies have come through with very buoyant results, notably german utility jine eon boofrting the rest of that sector and the largest life insurance, swiss life coming through a gabe of 7.5%. gain. back to the economies, the real sur

simon hobbs counts us down to what's moving. >> bounced all the 4 1/2 month lows down a third straight. it's a fall for the seventh out eight sessions. interesting, a bit of history here. these nordic countries close to russia do a lot of business with russia, a lot of those issues quite badly affected today. you may not know the names. i'll show you anyway. look at some of the russian-connected stock, the way they're falling. a time maker selling into russia from finland. a salmon producer badly affected. these airlines. lufthansa falling for fear russians have a threat on the table to prevent them flying over siberia to get to asia. going around is much more costly. as a result of the falls seven of the last eight sessions in europe, markets in correction territory. fallen by 10%. portugal, greece, italy and spain. now the two big ones in the europe ozone also come into correction territory and may or may not as i speak to you now be there. notably, the german dax, people on wall street follow, also france, the craac. one asset working in europe, an appreciating asset, sovereign debt

bring in simon hobbs to tell us what's moving. >> kayla, yeah.ective, europe flat into the end of the session. everybody waiting to see what the fomc comes through with with the minutes. remember, these markets gained 1.6% during the course of the last week. so you're coming from particularly two days of strong rallies there. as we await the fomc and decisions about when they're going to start moving to raise interest rates, shocker today, the bank of england minutes from august 7th revealed two members actually voted for higher rates, mark carney, bank of england governor lost consensus. the two that voted for rates said to be gradualists you have to do it now. the seven said keep them as they are said if we move too early, vulnerable for shocks. the pound is stronger after recent weakness. trade at $1.66.41. the big one is the euro, which lost $1.33 overnight. the euro is clearly now sensitized more to what is going on in europe, and the problems they have. more importantly, it's the dollar. beginning to take off big time. you'll see here since

let's head over to simon hobbs as the markets are set to close in a few minutes. >> across europe on the two-week rally we've had there has ended. i'm not sure if it was these ukrainian or the russian trucks that broke away and into the ukrainian border that have sent us lower. there are many technical reasons we may be down in europe. you can see that france is down 1%. obviously these markets are now waiting for what mario draghi will say at 2:30 our time, the jackson hole symposium. that's critical for their trade now on monday. one of the republics we're lower is we're failing at important it technical resistance in europe at the moment. essentially this is the s&p 500 here. that's the pattern of where we've been trading. the s&p seems more able to make gains at the moment than does the 50 in europe. and that's because it's just below the 50 day moving average and that's making it more difficult for them to surge higher. some of the russia plays are down today. maybe it's the knee-jerk reaction to what we're seeing on the ukrainian border but perhaps it's because they have been q

. >> yesterday morning on cnbc "squawk" anger simon hobbs challenged me to the als ice bucket challengecept. after i take the plunge, i get to make a few challenges of my own. i'm starting with my high school buddy and cnbc reporter josh lipton. after that -- shawn white. finally, what the hell. brad pitt. let's do this. >> check that out nap is the ceo of gopro picking up the als chirty ice bucket challenge and brad pitt and josh lipton in the same sentence. so it rolls on. >> i like to think of josh lipton as our own version of brad pitt. >> many say that. may be getting priceline coming through on the kalg. done it in amsterdam. kelly evans, maybe able to put that on in your show. welcome to "squawk alley." >> yes, thank you. that gopro video will be hard to top. good morning. >>> 8:00 a.m. at google headquarters in mountainview, california, where ten years ago today, along with the rest of the world, they were watching this. >> six, five, four, three, two, one -- [ cheers and applause ]

. >> simon hobbs. thank you for your nomination to do the als ice bucket challenge. oh!te, you should do it within 24 hours, but we can see he completed the challenge. where do you think he is? i'm assuming with his family somewhere mountain world. >> maybe greece? >> a volcano behind him jp they have twol or three private jets. they can go anywhere. >> could be at a marriott. >> would you stay at a marriott if you ran marriott? >> the equivalent of me dumping -- >> i thought i was putting ice over you. wasn't that going to happen today? >> i made a donation. i think that's the point of the real bucket challenge. >> get to stronger women. kayla tausche with the "alley." >> three for three. quite a good record. don't know of any one else with that luck with ceos. we'll see. >>> good morning, 8 o'-of-o'-:0 alto and 11:00 a.m. on the street. and "squawk alley" is live. ♪ >>> good thursday morning. carl quintanilla is off today, but joining us for the entire hour, dennis berman, business editor at the "wall street journal." dennis good to see you today. >> good to see you. >

simon hobbs, back to you. >> thank you very much, rick.opro's ceo accepted my als charity ice bucket challenge and he in turn challenged our reporter, josh lipton and hollywood player, brad pitt. one accepted the challenge, and we'll be live on this show next. . ♪ ♪ [ male announcer ] during the cadillac summer's best event, lease this 2014 ats for around $299 a month. hurry in -- this exceptional offer ends soon. ♪ [ jackhammer pounding, horns honking ] [ siren wailing ] visit tripadvisor miami. [ bird chirping ] with millions of reviews, tripadvisor makes any destination better. with millions of reviews, that's keeping you from the healthcare you deserve.. at humana, we believe the gap will close when healthcare gets simpler. when frustration and paperwork decrease. when grandparents get to live at home instead of in a home. so let's do it. let's simplify healthcare. let's close the gap between people and care. that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sh

. >>> good morning, welcome to "squawk on the street," i'm david faber with simon hobbs and cz sarah eisen. carl and jim are off. we have the annual symposium in jackson hole, wyoming. watch is on to see if yellen provides clues into the feds' interest rate outlook or change, perhaps, in that key outlook. i could just look that beautiful view. >> the sun is coming up. i love the gathering of economic papers, a discussion among top economicists and central bankers is the entire focus for one day. >> decided to make it wonky and focus on the labor market. i would be quite nervous, the financial markets, for the next 90 minutes because the world and the dog thinks she will be dovish, push the time line back for raising rates, keep it back so we surpass 2,000 on the s&p 500. that's what the market's positioned, what will happen, and it makes me nervous. >> 28 record closes, up 14, amazing statistic. the market climbs a wall of worry. >> it's a belief the central bank is there for you, basically. >> a wall of worry. >> that's been the belief for a period of time, and there's those who bla

simon hobbs! back to you. >> hello. h, rick. >>> can speaking of demand polls, "squawk alley" takes to the air in seven minutes' time. what's onboard with jon fortt. >> hey, simon. lots of good stuff starting with candy crush maker king digital getting crushed in the markets this morning after a poor outlook. jon steinberg will revisit our debate on that one. also pandora's cfo coming up to talk about international growth prospects, and if you like seeing carl quintanilla warm and dry, your last hour to do it. takes on twitter's ceo in the ice bucket challenge in the noon hour. tune in. that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enoug

simon hobbs making the point earlier a lot of people are buying parts of the bond and credit marketsce appreciation and those pieces of paper, as opposed to the yield. so, to the extent that there are all these new players in the market, and even look at some of the pension funds or some of the, you know, government bond funds, which now by s.e.c. mandates have to hold almost half of actual u.s. government bonds as opposed to just 80%. maybe that's where a lot of this debate is coming from and that's where the question i guess goes back to whether the signal from the bond market can be trusted with regard to the old formulas or rules of thumb that used to work. >> i'm not necessarily sure today that you can trust those signals, right, for a number of the points that both sara and kevin made. i think if you're into equities, then you are watching what the equity market is doing, you're watching what multiples are, you're watching what the earnings are going to be to do and you're going to be comfortable with it or not, right? and i think ultimately, i think most strategists and econom

. >>> good morning, welcome to "squawk on the street," i'm david faber with simon hobbs and cz sarah are off. we have the annual symposium in jackson hole, wyoming. watch is on to see if yellen provides clues into the feds' interest rate outlook or change, perhaps, in that key outlook. i could just look that beautiful view. >> the sun is coming up. i love the gathering of economic papers, a