. >> i'm simon hobbs. good afternoon. >> we'll see if this market will hold up in the final hour of trade. dow up 50. remember this morning after the european central bank, futures were up 100. yesterday we saw the rally fading today. we rallied into the close. >> we'll hear from jeremy sigel about the number he is watching for tomorrow's jobs report. >> should apple start leasing its own phones? >> joy global. shares down 15% today after being down 50% year-to-date, as commodity prices are low, missed estimates lowered its full year guidance. dennis gartman with the fallout. >> joining us for the closing bell exchange today. >> if you have china offline the next couple of days, the market doesn't have the catalyst for the sell side that it once did. what do markets do? they all say on wall street, you never short a dull market. people are just trading off technicals today. bounced right off that resistance level. we are in between the support and resistance 1930, 1970. we are right in the middle of it now

thank you so much, simon hobbs.ieve we are getting some pictures of the pope as he is entering st. patrick in the city in d.c. he will give some brief remarks there as well as a blessing where heading to new york city. >> right behind me here is a 1.1 million square foot complex. this is samsung's new north american headquarters. this is the latest in a commercial building boom and will have compoen ebts of samsung electronics, plus sales and marketing. >> if you look at what consumers are craving. they want the greatest and lathes. it's moving at such a fast pace, and this is such a perfect time for us to reinvest even deeper here in silicon valley. >> now, it's here that r & d teams work in state-of-the-art testing labs from technology to consumer electronic to home appliances, and it's time for a break, then employees can hang out in the chill zone complete with napping pods and pool tables. of course, there's free food with a cafeteria serving up global cuisine. san jose residents will also be able to enjoy the

i'm carl quintanilla with simon hobbs and kayla.ramer and david faber are off today. 173,000 is the jobs number for august. futures have been well into the red all morning long. amid a big sell off in europe. bond market seems to think the jobs data is good enough for the fed to hike. tens around 2.15 and oil is north of 46. road map begins with the jobs number falling short of estimates and whether this changes the math for the fed in september. >> and disney flexes its promotional muscle. force friday is upon us and "star wars" merchandise is already selling out. >> also ahead, no news is good news, or no news is news. twitter's board meeting comes and goes without a ceo announcement. >> first up the ball is in the fed's court. 173,000 nonforeign jobs developed in august. that's below consensus. marks the smallest gains in five months. unemployment rate falls.2. that's close to a 7.5 year low. we had some -- we mentioned the revisions. august tends to be revised up on average about 75,000. again, the talk is where is that line for

i'm here with david faber and simon hobbs. sara is in ohio. first, a look at the markets.spill at the open. dow currently up about 30 points or so. dow is relatively steady. >> our road map starts with warning signs carl icahn with a video out called "danger ahead." >>> countdown to shutdown is onwards. will a bill be passed in time? among the top performers, as we had an -- in a few moments, bus first consumer confidence with rick santelli in chicago. >> here's one you will not guess. consumer confidence for the month of september, we're expecting 97. wow, 103. 103. that is a stellar number. as a matter of fact, if you look at the best three going all the way back to the summer of 2007, it was the first month of this year, january, at 103.8. so 103.0 is the second best number going all the way back to august '07. will this make you money? i think it's more of a trailing indicator, mostly reflects optimism. in the end, a solid consumer confidence number. >> in the meantime, slightly higher on the dow, up 42 points almost 9%, meanwhile, carl icahn releasing his "danger ahea

carl, simon hobbs back to you. >> thank you very much.at the fed will be will do, let's bring in steve liesman. we have the weakest pace of manufacturing for two years? >> yeah. and the details were not good. when i looked at the different areas in employment production, all of them were down. it's still growing. there's still growth there. inventories were down. we're looking for an inventory correction in the third quarter. construction spending, better than expected, and the july revision is probably going to help gdp a little bit overall. what you did see there was private sector was up and the public sector was done pretty much offsetting each other. let me give you a little bit of what the fed is going to be looking for over the next several days or several weeks before the next meeting. some key economic reports and some key issues that are going to go in to this decision they make. first, obviously the jobs report looking for 220,000 dl on payrolls. that's going to be a critical factor. i think there's some tolerance there. if you

i'm carl quintanilla with simon hobbs, sara is in washington where she will have a live interview withne lagarde earlier this morning. her road show continues. a bit of buying on the final day of the quarter. the s&p is still on track for two negative quarters in a row. the first time since 2011. oil hanging in there above 45. >> the road map for the next 60 minutes. with the markets sharply higher this morning on the last day of the quarter, ahead of the jobs report tomorrow. >> with gap shares sinking as ralph lauren scoops up a top executive from its competitor. >> and elon musk unveils the model x. reviews are mostly positive. getting your hands on one will cost you. >> a strong rally as we start the last trading session of september. it's been a tough quarter. today's gains cut the three month losses to about 7%. the s&p is also down about 7% year to date. michael gappen is chief market economist at barclays. art, we used to talk about window dressings at the end of the month, fund managers want to be seen holding certain stocks when the cut off point occurs. i guess that would be

simon hobbs. have a great weekend. meanwhile, dow is coming off the highs of the day, but seems silly to say that when we're still up 190 points, and now turning slightly positive on the week. joining us on set art cashin, dreshlgt of floor operations at ubs. great to have you. even without nike kwli, which, of course, is adding 70 points to the dow. >> is this all? >> i don't believe so. i think you got a big boost from yump and bmw. >> can you see that stock is up. >> the other thing is, and we havation bit of a divergence here earlier right after the boehner announcement, and completely unconnected. oil began to spike up above $46. that put the market up at its highs. now oil has booked off from the highs, but we're not backing off much from the high so far. that's an interesting divergence that traders will watch here. >> because of the boehner announcement, we're now talking more than ever about the potential. i wonder if you think -- >> will it provide more bumps in the road? yeah, i think so. >> art, what about

simon hobbs is here. >> this is a rough session. look at the figures on the screen there. it's hard to imagine the ecb is engaged still in massive qe. it's not doing anything for the equity market. the same thing we had at the end of last week that are front and center again. notably, glen core, at the heart of this sell-off. remember, it's down about $50 billion from where we were just at the beginning of the year. the latest problem we have for this trading metals stock, suggesting that the equity could virtually disappear. that's not in the main scenario. they believe commodity prices will pull higher. there is value. and then you have the dividend policy of the sort of black holes that would show up if they maintained their dividend moving forward. vw has fallen again today. the technicians, according to reports, were warning the illegality of the targets. now under investigation for possible fraud. at the same time, the european central bank has had to reassure people they can still use vw abs, asset backed securities. they said they would no longer be buying vw's abs

simon hobbs. >>> when we come back he's nominated for an emmy for the latest season of key and peel. you might know him better as the anger translator for president obama. keegan michael peel will join us later. i'm here at the td ameritrade trader offices. ahh... steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this. you can't always see them. but it's our job to find them. the answers. the solutions. the innovations. all waiting to help us build something better. something more amazing. a safer, cleaner, brighter future. at boeing, that's what building something better is all about. ♪ >>> good morning, i'm sue herera and here is your cnbc news update at this hour. a federal judge ruling against the nfl in the de

. >>> let's get simon hobbs here and close out europe's week, which is going to be down anywhere 1% to> this is a brutal session in europe. it's clooer that european investors, people invested in europe fear what's happening in emerging markets and the rest of the world more than the benefit of qe, any extension from mario draghi. we fell in 2.5% in germany. we were down from the beginning and went lower on the employment report here on the united states. let's track where we've gone for now. five weeks in europe since the beginning of august. we're down the best part of almost 11%. this is the track from the beginning of august, heading back down towards those lows that we had earlier. it's a very broad-based sell-off today. but the basic resources are down with the biggest price action and some of the oil majors, statoil and bp down 5%. you see the miners about the debt level. a lot of the exporting stocks are also in negative territory today. l'oreal, airbus, kering, there's a sell recommendation coming from goldman, saying that the estimates that people have for, they're not going

. >>> let's get to simon hobbs, to wrap up europe's trading day, about to end in a sea of red. >> calmf alarming things about what's going on in europe. one is the headline figures, much heavier losses in europe than here. clearly inspired by china and the way in which china is attempting to deal with the situation. but also pointing perhaps to a broader problem on global growth. as far as the growth in the eurozone is concerned, it's still relatively strong and eurozone employment fell to a 3 1/2-year low, albeit, almost 11%, but the europeans roll with higher levels of unemployment than any given time in the cycle. this is the track since the beginning of august, we're heading down in europe for those lows. the loss today on the session is 2.7%. as a weighted average across the stock 600. meantime the uk came back to trade today and the uk has fallen disproportionately partly because it's playing catch up from yesterday and the big issues moving happen to be quoted in london. that's your global miners which have been smacked. in addition, one of the things you don't want to see, if y

." >> thank you, simon hobbs. when we come back, one of the most powerful women in the world sits down with our sarah eisen in a cnbc scluz. imf managing director christine lagarde is coming up. we're watching the markets. dow up 221. even as oil is just now slipped into the red. more "squawk alley" in a moment. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. sdmrirchlgs hello. i'm sue herrera. here is your cnbc news update at this hour. fighting in the afghan city is intensifying. u.s.-led forces have had their first on the ground clashes with taliban militants who captured the city wrerl this week. hurricane

. >> i'm simon hobbs in for bill griffeth. >> stocks selling off the back of this morning's jobs report. investors anticipate a potential fed rate hike this month. how the different sectors are performing. we've got consumer discretionary down 1.2% on the top left of your screen. the hardest hit today are financials. down 2%. >> goldman sachs contributing about 30 points to the loss on the dow. blackrock's global chief investment strategist will join us to discuss whether the sell-off could get worse when china's markets open next week or whether this is actually a clear buying opportunity. this is a cnbc exclusive coming up. >> as we get ready for this holiday weekend, an energy expert says gas prices going below $2 a gallon. >> there is a big conference this weekend that could shape up biotech stocks. which names could be impacted. >> are people upset with the jobs number this morning? >> the problem is it was inconclusive. there are several sectors that have people a little concerned going into the close here. goldman down 5%, down better than 7%, 8% on the week. financials in genera

. >> i'm bill griffeth in for simon hobbs. >> back to school, back to business. >> you see all the picturesfacebook of the kids going back to school. i thought about putting a picture of mine on there. i'm going back to school as well today. let me point out, when i left here to go on vacation august 21, look this up, the dow closed at 16,459. >> where are we right now? >> 16,464. a moment ago we were at 459. we are above that now. >> if you didn't know any better, you would think bill didn't miss anything. everybody tuned in the last two weeks know bill missed the plunge of more than 1,000 points that monday morning, august 24th. >> i had no idea. >> that was my mom's birthday actually the dow traveled 10,000 points more than that in just that week. oil was bouncing all over the place. you missed its one-day biggest gain since 2009. there was volatility that started to happen before we left. that index did double in the month of august on a percentage basis. >> today it's back at 25 right now which in and of itself puts us in yellow flag territory. what did we learn? what does this mean, k

simon hobbs, it's all yours. >> thank you very much.s from europe is making a big bet here in the united states. phil lebeau is in alabama at the company's new plant. take it away, phil. >> thank you, simon. about five or six years ago, if i would have told through will be a plant in south carolina and a plant in alabama building airplanes, most people would have said no way. it won't happen. now we have that with this new plant here by airbus. it's in mobile. it will be building four a320s a month when full production starts in 2017. 1,000 employees. they're about to have the ceremony in a couple minutes. full production coming in 2017. the reason this plant is crucial for airbus is because it has a huge backlog, especially of its most popular model, the narrow body a-320. the planes built here are only going to carriers in north america, some of them could be exported from here. look at the growth in orders that airbus has experienced over the last six years. a few minuteses ago we talked with the head of airbus and he talked about th

i'm carl qintanilla, with simon hobbs. sarah and rick are off today. let's get to rick santelli in chicago. >> before we even do the august read on ism, nonmanufacturing service, biggest breath of the economy, we need to understand our last read at 60.3 was the best read since august of '05. now, we look at this one. 59 would be the third best read ever. that's why i brought it out that way. if you go all the way back to '05, what you would find is that the final months that we had of '05, saw the 591. it was late in the year, around november. august was 61. so this 59 number is super solid. we are expecting a number slightly over 58. it is a big deal. don't want to dismiss it. i continue to say, anything survey based, it is kind of the law of the jungle. a lot of these managers and people that respond to these surveys have gone through some wild market times. from the credit crisis to various points of volatility like we had last week. does it effect how they respond, how these things are put together? that's your call. solid number interest rates, ha

i'm quintanilla with sara eisen and simon hobbs. david faber is off today. getting a turn around. off the session highs. dow is up 168 or so after the third worst day of the year for stocks yesterday. crude will be the crucial thing to watch this hour. inventories coming out in about 30 minutes. in the meantime, santelli with factory orders. >> factory orders 40 tenths of one percent. half of what we were amendmentinamendmen anticipates. we got basis points back on the backside of last month. it now stands at 2.2. it seems as though we do a lot of positive revisions. if we look at extransportation, that's the new norm. that's the core factory orders down.6. this gives you a clue as to the affects of transportation on the headline number. maybe the most important number to look at. it had a subtle positive revision on that control, that core number. originally released up last month. now stands at .6. even though the equity markets are firm today, rates are firm as well in a very tight range. we'll continue to monitor that. lots of things going on with the fe

. >> my name is simon hobbs here for bill griffeth. >> the dow and s&p seeing the worst start to a month in nearly four years. declines of 2.5% across all major averages. look at that vix often referred to as the fear gauge. it jumped above 30 today. it's currently south of 32. that is a five-year chart. you can see how rare this is. we'll take you through this final and often volatile hour of trading day. >> weak china manufacturing data is behind today's sell-off as far as some are concerned. we'll break down which u.s. companies have the most exposure to china and its economic woes. >> oil. getting back gains after that three-day rally that was the largest in 25 years. let's get straight back to the floor of the nymex with what's behind this volatility that's seen crude down. >> ken fisher will join us to discuss why the issues with emerging markets aren't over yet. and how investors can position themselves for potentially more turmoil ahead. >> full team coverage of today's sell-off for you. bib pisani at the new york stock exchange. bertha coombs at the nasdaq and jackie deangelis c

i'm carl quintanilla along wisa eisen, simon hobbs.orst day since september 1st on friday when we were down 290. dow trying to reclaim about 100 points. crude oil which was down 5% on oil, the worst day also since september 1st has managed to climb back above 45.50. we have breaking news on existing home sales. it will be a busy week for the macro. new homes on thursday along with durables, university of michigan and friday a big day with final gdp in addition to the fed speak. yellen speaking on thursday. let's get to diana with some of those housing numbers. good morning. >> good morning. existing home sales down 4.8% to a seasonably adjusted annual rate of 5.31 million units. that's a big miss. the street was looking for 5.53 or down about 1%. down 4.8% in august, from a downwardly revised july figure. sales up 6.2% though year over year. the biggest drop came in the south at 6.6% and in the west, down 7.8%. the south and west are where prices jumped the most. median home price, $228,700, that's up 4.7% year over year. inventories,

. >> i'm simon hobbs in for bill griffeth. >> stocks selling off the back of this morning's jobs reportanticipate a potential fed rate hike this month. how the different sectors are performing. we've got consumer discretionary down 1.2% on the top left of your screen. the hardest hit today are financials. down 2%. >> goldman sachs contributing about 30 points to the

simon hobbs looks at how the company has handled the crisis. dy on how important volkswagen is to germany's broader economy. simon, this crisis had been going on for a while i gather behind closed doors. what do we know about that and how do you handicap how they've handled it so far? >> you have to understand that vw has failed twice. it failed in its ennearing and failed to keep the regulators on board in this country. on friday when they came out with that accusation that they'd misled regulators, it was a free for all. that's why you have lost $24 billion on the stock and all the other regulators around the world will dove tail behind them. their job was to prevent the regulator from doing that in negotiations and they have failed to do that. here is a time line i have constructed from german ministers and great work from reuters. the decision to rig was made prior to 2007, almost nine years ago. it was in may of 2014 that u.s. regulators were alerted to what was going on by the icct which mentioned it to the epa and also the california air

. >> my name is simon hobbs here for bill griffeth. >> the dow and s&p seeing the worst start to a month in nearly four years. declines of 2.5% across all major averages. look at that vix often referred to as the fear gauge. it jumped above 30 today. it's currently south of 32. that is a five-year chart. you can see how rare this is. we'll take you through this final and often volatile hour of trading day. >> weak china mac

. >> i'm bill griffeth in for simon hobbs. >> back to school, back to business. >> you see all the picturesok of the kids going back to school. i thought about putting a picture of mine on there. i'm going back to school as well today. let me point out, when i left here to go on vacation august 21, look this up, the dow closed at 1659

. >> i'm simon hobbs.ternoon. >> we'll see if this market will hold up in the final hour of trade. dow up 50. remember this morning after the european central bank, futures were up 100. yesterday we saw the rally fading today. we rallied into the close. >> we'll hear from jeremy sigel about the number he is watching for tomorrow's jobs report.

we have our own simon hobbs joining us with this exclusive interview with carnival cruise ceo around donald. >> he joins us live from carnival's miami headquarters. welcome back to the program. are you able to be one of our first ceos to come on and say categorically my fuel bill is down 33% over the past year, i am benefitting from the lower cost of commodities and that is one reason why i beat expectations today? >> fuel contributed a little bit to be honest with you, first of all, good afternoon to you, kelly and bill. the reason we did well was really operational execution. our third quarter we were up 17 cents over prior year third quarter and that was with a drag, a 2 kent drag from fuel and currency together. so fueling helps, but the strong dollar offsets it for us and then for the year we raise our guidance as you know and raising our guidance will deliver 35% increase in earnings this year over last year and that's on top of 25% in sae 14 over sae 13. we're doing certainly well, we look forward to a strong way and are well on our way to double digit investment capital in th

i'm carl quintanilla with simon hobbs and kayla.f today. 173,000 is the jobs number for august. futures have been well into the red all morning long. amid a big sell off in europe. bond market seems to think the jobs data is good enough