significant changes since we briefed you in june probably more significance the fact we're erecting steel we've moved into the eastern zone and pouring concrete on the deck this is the slide we track the progress and milestones the key we're leaving that did t go wall will be completed in september and possibly as early as august and structural steel is doing better as fabrication and deliveries continue to build but they're still behind we're shooting for the spring april 2016 of erection target overall progress i'm sure you're aware of it is hard to tell but you see up there in the middle we've crossed into the eastern zone of steel construction in the wail pours almost completed in the eastern end and some of the other features the contingency tracking slide in june were related to change orders it is if there are any questions i can address those specifically as featured about four 4 change orders for the structural steel we have one recording in june, i mentioned it happened early in the month unfortunately on tuesday evening an incident with a homeless person for cautionary pumpers

during a lunch break, steele extracted a plastic shank from his anal cavity. when he returned to the courtroom, he attacked chief deputy district attorney a.j. salazar. >> i remember i was wearing a white shirt, my tie was off to the side, and i looked and there was a hole in my shirt and i was bleeding. i was at the emergency room. it took several blood tests and i remember picking up the blood result and i looked for hiv, hepatitis, negative, hiv, negative. so i was like, well, all right, i'll go ahead and take that. >> we asked steele for his version of the story, and in spite of all the witnesses, he claimed absolute innocence. >> they're saying i stabbed him in court in front of judge, jury and executioner. >> what are you saying? >> i'm saying i had nothing to do with it. >> were you there? >> nope. >> really? >> how many different ways you want me to answer that same question? >> so you're denying this whole thing ever took place? >> i'm denying i had anything to do with it. >> was this d.a. stabbed? >> according to court documents and papers. >> what w

not so with walter steele. he has this nice lunch with his dad and begins to map out a legal defense, hiring the best lawyers in chicago and defends the captain, but not erickson. erickson is left to fend for himself. he knew that erickson had told the authorities that steele had postponed the work. he is like, fine. you go deal with yours were -- you go deal with yours. we will deal with mine. he left them no legal representation. when things went wrong, he let him go. erickson does not make much money. he is newly married. what does he do? desperate and underdog, he does an amazing thing. he has the thought to go to clarence darrow, the legal legend, a chicago attorney. darrow loves underdogs and hates corporations. he says, why don't i try clarence darrow? clarence darrow is on a street in washington at a remarkable low point of his career. just beat charges of bribing jurors. his reputation was in tatters. all of chicago's legal society shunned him. he was taking ridiculous cases. petty theft, forgery, murd

another great detail is, when walter steele was called remember, he is the villain. when he was called before chicago prosecutors, he was asked about if he had had a conversation with ericsson about it. he denies it. he denies having been on the ship, though there are pictures of him on it. and, steele makes plants, after the ship sank, to raise it and take it to a different port. he decides to take it elsewhere. questioner: considering the magnitude of this, i have never heard of it. why do you think a disaster of this magnitude was such a scope of humanitarian failure? why is this so trumped by the titanic? mr. mccarthy: that is a great question. i have a couple of thoughts. none of the passengers were well-to-do. them a royalty -- none of them are royalty. these are poor working people. for a long time, we did not have anybody to blame. it seemed to just have tipped over. that didn't work for me. i didn't believe it. someone did something wrong. never ever found it. that was part of the problem. finally, and importantly, the country moved on. right after the eastl

i'm alix steel. joe: and i'm joe weisenthal. ♪ alix: optimism overseas, crisis has eased, the dollar fell after wounding the fed, keeping interest rates on hold. thequestion -- joe: question is, what did you miss? we spoke to the cfo of the biggest home lender about his business and economy. iran, the nation is back in the game of global commerce. joe: we dig into the hughley -- usually asymmetric risk on the fence. is a december rate hike a lose lose proposition? take a look here at the s&p and the moving average continuing the bounceback that we saw yes day. year, looking at its best four-day gain and about five. kind of a mellow feel. joe: kind of mellow. alix: orderly. it was widespread, nine out of 10 sectors in the green. the only one that was down was to be expected, because they are so defensive. for several days in a row we saw the fix collapsing. now it's back. alix: the fed did not raise rates, but so you go. it continues. i want to take a deep type right now at a story that i was watching

i am alix steel. china is selling off their cotton reserves.said the government will sell tomorrow, one million tons over time cotton was down again today. the government is charging more. -- one million tons over time. cotton was down again today. the government is charging more. the government is struggling. india might not plant as much cotton because of china. joe: is this like our strategic oil reserves? alix: i don't know. joe: that would be cool. janet yellen is speaking tomorrow about the economy, china, greece, when the fed will high grace. everybody will be watching the janet yellen speech tomorrow. a great economist had a line, the u.s. economy is an island of mediocre tranquility. that is so beautiful. we will see if that is how janet yellen season two. -- sees it too. alix: a bloomberg reporter saw a transaction on his these a card n greek out in droppe currency. biggest slip. good to have you back. joe: i'm exhausted. alix: thank you for emily: google fights back. we debate the future of the economy. ♪ emily: i am emily chang. thi

the automotive steel market is more import resistant because of the high quality demands of the steele just in time delivery requirements of the industry. so that steel tends to be very important. and at nucor we have been investing a lot of money in those products and those markets that have more import resistivity than others. >> let me ask you about the imports. i know we talked about the tsunami of imports you mentioned in the conference call today, there's good demand but imports are come areal continuing to come in. will it give you some weapons to try to stop what's unfair trade? >> well, it's too early to comment on tpp as we haven't seen the language that's actually in the bill. once we get a chance to take a look at that i'd be able to make a more definitive comment. but i would like to comment on the legislation that has been passed as in a general way. we were certainly pleased and we applaud the administration and the congress for passing this bill. this is the first significant change in our trade laws in over 20 years. and it has really given us more powerful weapons to

i am alix steel. joe: and i'm joe weisenthal. [bell ringing] alix: u.s. stocks falling. joe: but the question is -- "what'd you miss?" earnings fever. as slew of reporting in a moment. alix: when do we get lower gas prices? joe: and it is all about finland. yes, finland. why finland really matters to all of us. alix: you are looking at the s&p closing at its 50 day moving average. you're also seeing the dow turn negative on the year, joe. joe: the benchmark oil in the u.s. officially going into a bear market. we have talked about the bear market. some of these levels are arbitrary, but there we are. alix: the lowest percentage in eight months, meaning there is not a lot of breath, there is not a lot of oomph. joe: the market is looking kind of squishy. alix: squishy, yes. joe: remember a couple weeks ago when all we talked about was the china crash and the government and the regulators through everything against the wall to turn it around? they kind of succeeded. check out the shanghai composite. still a long way to go. still pretty impressive. having accompanied a delay

i'm alix steel. joe: i'm joe weisenthal.x: we are joined now by the president and ceo todd becker. good to see you. what does it mean for you when you see oil prices down 50%. you make ethanol that goes into the gasoline. what does that do for your margins? >> the good thing is that corn is down as well. that makes it competitive. we are competing well. we compete for our share. we see expanded lens. we are doing well. although prices have dropped, other factors have driven demand. alix: when it comes to corn, we have seen it rally. we've seen concerns that there's going to be a tightening of supply and prices go higher. what is your perfect oil and corn price? >> when oil prices dropped, corn prices did not. corn realized it had to compete, and it has done that. we have seen a recent rally because of weather, but the black swan event was not the weather, it was to back to back bad crop years. yield is not dropping much. futures have rallied. they are expecting the crop will come in worse than expected. that will help keep e

i am alix steel. joe: and i am joe weisenthal. ♪ alix: u.s.tocks falling along with global equities, and treasuries rise, as chinese stocks suffered their biggest slump in eight years, and a bear market. joe: the question is, what did you miss? call it the chinese route, the shanghai composite plunging. alix: and the former greek finance minister caught on tape. we will drill down the extraordinary phone call. joe: and six years ago, there was talk of a bailout, but now for the golden state, does it finally have its finances in order? alix: you are looking at stocks falling for a fifth day. this is the longest losing streak we have had since january, and, joe, the s&p was flirting with that 200-day moving average. that is a momentum indicator. joe: and it is the big story, that eight point 5% crash in china, but it is not just chinese either, canada on its longest losing streak in years, and this is really sort of a global, order dated selloff. alix: this is the third longest stretch that we have had ever without a correction for the s&p, and

i am alix steel. joe: and i am joe weisenthal. ♪ alix: stocks rising in the u.s.s the s&p 500 plummeted to within-- s&p 500 came to a fraction of a point near an all-time high. joe: but the question is, "what'd you miss?" just somearnings are of the things you have to keep an eye on in just a minute. a new zealander is creating big ripples worldwide and why it matters. joe: plus, we hear from a top china watcher as the markets continue to fall. alix: first, when we continue with the stock markets, we are closing at a record here with the nasdaq, and the s&p is a stones throw away with that record high, with virtually no take catalyst today with stocks -- no big catalyst today with stocks. stillheless, we are looking at the weakest quarter for earnings since the financial crisis. we are looking at revenue down about 4.5 percent. the last time we saw that kind of decline was a while back. joe: did we talk about this a while back? alix: yes, analysts don't always get it right. 47 of the s&p 500 companies have reported earnings and there is a revenue,% earnings meanin

i'm alix steel. joe: i am joe weisenthal. alix: stocks closing just under a record level for the s&p, barely holding on to its gains. commodities take the spotlight. joe: the question is "what'd you miss?". turn around big blue? we are watching apple. will it be another win or a miss? alix: the nasdaq is the story in terms of stocks, closing at a record high. the s&p could not hold on, closing relatively flat. seven out of 10 groups in the s&p did close flat. energy was a big drag. joe: energy was part of the overall selloff in commodities. gold, oil smoked. wheat and corn taking it on the chin today. that's the other huge story we will talk about. alix: can the s&p continue to grind higher to another rally when it is led by things like utilities and consumer discretionary? joe: you have to wonder what underlying the commodities selloff. is it something darker on the horizon? alix: we will get into that deeper with gold. taking a dig into halliburton. earnings came out earlier today. this is the number you need to know. this

package that got taken out of the steel package and into the glazing package to be able to have the glazing contractor who was proposing alternated ways of doing the w-2 system basically, all the glass scombloeshz around the retail areas and the second floor and have their own coordination of the steel bracing with the structure rather than have a steel contractor provide bracing for the original design and when the design was modified not work you know lost money. >> but we can look at what you just indicated. >> yeah. i think that building and fire code >> it is. >> and if it took time and costs that it is contributing to the construction costs worst reviewing you you know who's responsible for those costs. >> yeah. >> i have sort of a related thing the one thing that's not mentioned in any of those course of the trial shuns bad estimating from the get-go i mean contract after contract comes in at 50 to hundred percent over the estimate is and i'm wondering i mean don't we have a right to previous lynching in the estimating if we now we're at this point we're having to find someon

i am scarlet fu here along with alix steel. tgif!lix: yes, and we are seeing a pretty steep selloff, i might say, the s&p is below that 50 and the 100 day moving average, it is about 16 points away from the average. ofrlet: they get a lot momentum, we are getting towards of the end of the week. there is an unexpected drop in new home sales that certainly didn't help either. alix: it was kind of interesting to see what happened around 9:00 a.m., the fed accidentally released its rate forecast. you can kind of see a little bit of a dip, it goes back up, and then it goes a lot lower, and then it stays low towards the end of the session. scarlet: and there has been a big, big scene today, that is in regards to anthem, and people are going to look at this and regulators still have to decide whether they are going to approve this. alix: regulators have not then nice. -- been nice. take a look at the enormous volume we have seen in the second quarter. you're looking at over $1.6 trillion, about 10,000 deals announced in the third quarter. i

a recent report showed the steel mill was hacked, giving hackers access to the mill's control systems. part of the plant failed, including a blast furnish as that could not be shut down as normal. >> the attack on the german steel mill was really interesting. there are only afew countries in the world that have a capability to do this kind of attack, right? only a handful of countries could do something like that. but it is fright thing because they were able to -- frightening because they could get into the control systems for steel milt and damage them and cause physical damage. this is an example of what a cyber attack could do if it was used by terrorists or in a war. >> reporter: cyber warfare can be conducted remotely and anonymously as authorities at cymation demonstrated. >> we could cause a rupture in this pipeline. >> researchers showed how easy it would be for a hacker to take over the controls of a utility and cause gas and water tanks ooverflow and explode. for demonstration the pipe is filled with water but it could be filled with oil or even gas. >> there are safeties i

alix: alix steel. joe: and i'm joe weisenthal. ♪ alix: u.s.quities closing low after apple's disappointing forecast. joe: the question is, "what did you miss?" qualcomm could -- prepares for big changes. alix: as commodity prices tumble, the world biggest miner makes plans to cut its production of oil copper and cold. joe: three tries from around a while you can't miss. alix: we begin with markets. you're looking at the s&p closing around those opening lows at 2110 that many traders are watching and to see what kind of momentum easy in stocks, all in all the dow is looking at its worst two-day drop since june. at one point it was falling triple digits. a lot of that is apple. joe: i think this selloff is pretty unimpressive. we were here and the market is down 1%. we heard from apple, microsoft, and yahoo!. and then we get a .4% decline on the s&p? pretty minor. alix: to be fair jpmorgan is , backing that up, saying today that they see the s&p leaving its month-long range behind, saying -- look, capital returns are good, corporate america is n

i'm alix steel. joe: and i'm joe weisenthal. ♪ [closing bell] alix: stocks ending the day higher after the federal reserve says the economy has improved and moves closely to a rate hike. joe: the question is, what did you miss? the fed has given no clear signs on when it is hiking rates, but it is looking for improvement in the labor market. alix: facebook earnings reports moments away. are there growing pains? joe: the productivity puzzle. how does grand theft auto explain what of the biggest puzzles in the economy? alix: first, a rally is underway in the markets. the s&p closed about its average, a few days ago it was very different. joe: we got some very fun stuff that happened after the dollar died -- dive. and then it spiked to a four-month high. alix: nevertheless, if you take a look at the breadth of stocks that we look at what a bit, 36% of listed stocks are above the 200 day moving average. quite low, the lowest level since last year in october. joe: it continues to be something that vexes t

alix steel: it's a level to watch. if they stay below, they will have to cut some marginal production. let's take a look at barrett gold. goldone of the largest miners in the world. their stock is the lowest level since 1991. these are the big guys. these are the big guns in the market. are we looking at some sort of supply crunch down the road? when you measure supply and demand for gold, you can't base it on anything. it's not oil. we don't eat it like corn. how much interest there is in gold coins. scarlet: last question, i know that for the long-term you believe that fundamentals for for the strong, short-term, what is the disillusionment versus previous cycles? ed: sentiment among the institutional investors has been very negative. that's going to weigh heavy on gold. the supply that is going to make a difference. every time we have seen in the last five years, the dip is because of the miners breakeven cost. demand for both india and china, that is strong. it gives support for gold around this range. scarlet: it'

. ♪ alix: i am alix steel. joe: i'm joe weisenthal. "what'd you miss?"r the break we said that mayor bill de blasio was not the only one to lose to uber. joe: you can see the big drop-off from the open. is not pretty. medallion, they've make a lot of money that way. i love there is a public play, the flipside of uber. get to the top stories this afternoon for you. at&t is topping estimates in the second quarter, the company posting earnings that were a nickel more than expected. 's $66 million directv deal is expected to close this afternoon. the fcc chair has circulated a ruling to approve it. the nikkei is buying "the financial times." it is the biggest overseas acquisition by a japanese publishing company ever. they have a circulation of 720,000. digital subscriptions make up 7% of the total. alix: if you ever wanted and body, there is an affordable way -- wanted an audi, there is an affordable way. models start at 88 grand. joe: now to fill in. yes, finland. people are talking about it for different reasons -- it may not have greece's debt problems,

. ♪ alix: i am alix steel. joe: i am joe weisenthal. "what'd you miss?"lix: german party members said they would break ranks and vote against angela merkel. joe: let's get to the headlines. greece getting a different bailout. france sending planes to fight fires. the blaze forced evacuation of villages. 200 people trapped. high winds fanned the flames. alix: ludicrous mode for tesla, zero to 60 in 2.8 seconds. ludicrous speed is a reference to the movie "space balls". joe: three tank cars leak oil, homes evacuated, no injuries. alix: we hear a lot about oil trains derailing. it's important because calls for retrofitting tankers could cost up to $2 million, and new designs more expensive, adding $.40 to a barrel of crude oil. it's a problem. it's a lot of money. joe: we've seen a lot of these stories, major problems. alix: something you may have missed. and new designs more expensive, adding $.40 to a barrel of crude oil. it's a problem. it's a lot of money. joe: we've seen a lot of these stories, major problems. alix: something you may have missed. conoco

alix steel.op stories at this hour, the european commission is investigating the proposed takeover of a dutch company by fedex. fedex agreed to pay $4.8 billion -- the deal may lead to higher prices or to regulators blocked ups from buying tnt two years ago. investors to an american express for losing its contract with cosco. express failedn to inform investors of the importance of the relationship. the cobranding deal would account for 8% of american express's revenue last year. inmates could get free college courses thanks to a new pilot program. the education apartment is offering prisoners access to pell grants -- those are typically for low income students and do not have to be repaid. around that ban because still in trial. -- it is only a trial. shares of expedia surging to a new high. reporting better than estimated second quarter results yesterday. the company is on track to close its acquisition of orbits this year. mark chang sat down with come expedia's cfo for exclusive interview. sh

wheels screeching against the track steel on steel. more than 10 passengers manage to pile out of the limo before it was impaled and pushed hundreds of yards. accidents like these happen on average 6 times a day with a fatality nearly every day. in indiana the limo driver sprints up to the engineer asking. >> did you see me? >> i sure d.i got 10000 ton. >> i'm sorry fight amazon share soared did after on line retail soared did after on line retailer blew past quarterly estimates. waul wall street expected aless but the company made approve it of 19 cents per share and amazon stock up 83 point and after hours trading and what make amazon worth more than wal-mart today. >> well coming up next on 7 news at 9:00. earth-2.o. bigger older cousin that could feel just like home sfx: music throughout ♪ sfx: crowd cheering sfx: crowd booing ♪ sfx: crowd chanting sfx: crowd cheering music stops sc johnson a family company. female announcer: get three years interest-free financing on brand name mattress sets. plus, get free delivery, and sleep tra

joe: we will be right back. ♪ alix: i am alix steel. joe: and i am joe weisenthal.d you miss? twitter earnings are out tomorrow. the stock has not done great. there is a ceo search going on. people are going to be paying very close attention to total number of users. that is sort of the key metric here, lots of concerns about if they can keep their growth up. it should be very exciting. i am looking at a machinery company, like a caterpillar, and they are reporting their third-quarter fiscal quarter, and taking a look inside my terminal, this is all you need to know. if is revenue. we are going to have to deal with the revenue sure, is what you are going to be looking at. it could come in at about $3 billion, and it could the $4 billion. why is that the worst? joe: this is another good macro read on econ and commodities. china slide ton record lows, and investment in global tech companies. ♪ i am emily chang, and this is "bloomberg west." decided towhy square go public now. plus, the largest technology companies pledging to cut their andon prince in a big way,

♪ alix: i'm alix steel.efore the break we asked what sold for one dollar but was valued at $624 million three years ago. joe: it was a steel company from australia. ithas dropped to so sharply is close to worthless. alix: get this, the company that is buying this company is going to reopen it. it has been able to get commitments to restart the mine. they're going to try to squeeze some profit. joe: one dollar australian, that worse, it is about $.77 in the u.s. alix: this week we learned that a former great finance minister had been authorized to come up with emergency plan for a payment system, a plan b if greece failed to reach a deal. joe: we also got more on .ensions >> the greek exit is going to equip him with sufficient bargaining power. sufficient terrorizing power. alix: a professor worked closely with varoufakis. they did the contingency planning for the government. >> these two finance ministers had a good personal relationship. i traveled to berlin and met with them. i think that what yannis was s

. >> reporter: 68-year-old john francis steele lives here on the 1200 block. what are you about to see his house is terribly yegted and falling down and inside of that house they found all kinds of computers containing tens of thousands of images of child porn. 68-year-old john francis steele is charged with all kinds of offenses. authorities raided his home in villanova after a task force uncovered the possibility he may be possessing and trading explicit images of children and they left with handfuls of kpouters and analyzed their contents. >> we were able to retrieve thousands of images of child pornography. >> they depicted children in sex acts and 8,000 images to see if they meet the legal definition of child porn. >> he was the only one living there and had access to the computers and the only one that had the ability the opportunity to share in that type of behavior. >> steele was arrested earlier in month and arraigned and released on bail, we got no answer at his overgrown and delipidated home, neighbors say it was overgrown after the death of steele'

i'm alix steel.ve breaking news. >> david einhorn says he has had two new long ideas for stocks. the first one is tank of new york mellon. this news just broken last half hour and we can see the stock jumping, up about 1.5%. the other long idea is for applied materials -- even more pronounced in the past half hour, up by more than 3%. einhorn says applied materials is attractive because of etch and deposition. covered his he has short position which reduces and sells metals. that stock is at the most will stop -- up the most. alix: thank you very much. now for a look at our top headlines this afternoon -- more consolidation in the auto parts industry. words warner makes turbo charger parts. thee's a takeover in consumer goods business. darden has agreed to buy waddington group in a deal valued at $1.4 billion. darden brands include son been, mr. coffee, and crackpot. by thepany is owned private equity firm and olympus partners. it's one of the biggest deals in the energy sector since oil prices start

john fan sis steele is now free on bail they located 2,000 videos and images depicting children in sex acts and now they are reviewing other images. >>> and the faa reports that is he commercial air likes were hit by laser lights while flying over new jersey. david henry is live now with the details. >> reporter: that is right 15 flights in and out of philadelphia international airport have been hit by lasers but there was almost that money over an hour and a half over the not so friendly skies of new jersey. >> 334 we are getting a laser at 10:00 low. >> who is getting it. >> between it 9:00 and 10:30 11 pilots reported they were hit by lasers approaching newark innational and they came one after another. there is a similar shooting laser at 4 miles that just happened again. >> affirmative maybe about 4 or 5 miles back. lasers at 10:00 american 1976 checking in with you and we got the laser also at 3,000. >> laser incidents are skyrocketing over the past ten years, last year 3800 reports and 1700 already this year. they say it's not a game especially when a plane is on its final appro

steel, steel dynamics all these names down double-digit percentages just in the past month. since the start of the year we've seen many of these companies coming out and cutting their guidance because of the flood. huge ripple effects for commodities. >> did you say a ton of steel was cheaper than cabbage? >> a ton of steel is cheaper than a ton of cabbage at wholesale prices. steel prices down dramatically. down by 50% since last year. >> that's a lot of cole slaw. thank you, morgan. did you see those declines on steel stocks? i'm going to move on here. >> reminds me of alcoa. talk about a company trying to just move right through it. >> up. 86 points with 35 minutes left in the trading session here. we've come way off the highs of the session. holding steady here. >> smooth sailing so far. yesterday's glitch halting trade about 3 1/2 hours. coming up, we'll speak with the founder of a high frequency trading firm about what causes these glitches. [ female announcer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into act

alix: i'm alix steel. joe: i'm joe weisenthal. "what'd you miss?"x: we were talking about soul cycle. joe: the company has grown rapidly, to 2.9 million rides. alix: you were not one of those. our producer blows it. she was so excited about the idea that she cheered. joe: with us now to discuss technical charts is a technical analyst and we want to start off ,ith a series of charts particularly a long-term chart of gold. what do we see? guest: this is an interesting chart. remember in 2009, the. 1000 is a big deal. once we roque out in 2009, we almost doubled from there, so that was a powerful move. the market has a lot of memory there, though for a long time he figured that was ultimate target and that's the lie should turn into some kind of demand. is theundamentally, that issue everyone is talking about. what about short term? guest: short-term, we recently had a nice break. we are in the context of a major air market, so when things in a down trend things to consult -- tends to consolidate -- that's what we have over the last couple of weeks. if

. ♪ alix: i am alix steel. joe: i am joe weisenthal. "what'd you miss?"lix: remember those gold go-go days? >> with gold at an all-time high, now is the time to send your unwanted gold for cash, lik e these gold cufflinks. alix: gone are the days of the golden cufflinks. gold has lost nearly 70% of its value since its peak in 2007. now, the portfolio manager for westshore funds, a gold glover and believer. and david is also still with us. in reality, look at that commercial back in 2009. gold is pretty much flat since that commercial played. what does that say to you? jim: gold hasn't lost any value. what's happened is the dollar has gotten stronger. if the dollar is the measure of gold is down a lot, but make gold the measured value. a dollar used to get you a 1400 ounce.014 of an if you look at commodities around the world, they are all down. what we really have is a global dollar -- the strong dollar is deflationary. the fed wants inflation. how can janet yellen raise interest rates when she has a deflationary crisis around the world? joe: all of these

i'm alix steel. >> and i am joe weisenthal. ♪ alix: u.s.tocks fluctuating throughout the day with the s&p closing slightly higher and the dollar rose. joe: the question is, what did you miss? the u.s. economy expands gently. what does it mean for the markets? such a gap why between the performance of the stock market and americans' social mood? is about to report its earnings as a social media darling making a progressive push into education. alix: we want to begin with a stocks. it was a wishy-washy day across the board, stocks closing relatively flat. the dow closed below the 200 day moving average. it really flirted with that level all day and closed below it but not a lot of stock movement all in all, with utilities the best performer in the s&p. joe: i would call it boring. we have had a lot of exciting days in recent days. this was not one of them, even with a lot of economic data. alix: the dollar was at a four-month high. felt 2%. china only what is that? alix: it's true. i want to take a look at inventory accumulation, one of the o

. ♪ ♪ alex: i'm alex steele. oe: i'm joe wisen that will. "what'd you miss?urope in the greece disaster has been incredible. alex: i want to show the monthly swing in the euro's value against the dollar this year alone and the ranges are getting narrower and narrower even though the crisis is getting hotter and hotter, basically suggesting euro traders couldn't care less if greece exits the euro. joe: he had no leverage, financial markets weren't worried about greece. when there is no ripple effect, hard to extract any concessions. alex: good point. let's get to the top headlines this afternoon. a barrage of gunfire today at two military facilities in chattanooga tennessee, four others were injured. a u.s. attorney is calling the killings an act of domestic terrorism. president obama has been briefed by his national security team on that violence. joe: another day of testimony today by federal reserve chair janet yellen, this time before the senate banking committee. yellen told lawmakers that raising rates too late holds risks along with tightening too quick

i am scarlet fu, here with alix steel.to get straight to the unbelievable market we have seen today. you are looking at the s&p actually in the green right now. during the day was really ugly. earliein

i'm alix steel. joe: and i'm joe weisenthal. alix: u.s. stocks ended slightly higher as optimism of the end of the greek debt crisis faded and they look ahead to tomorrow's jobs report and oil is down in more than three months. joe: the question is, what did you miss? the clock is ticking. we have the key deadlines that you may have missed. alix: and trying to predict tomorrow's big jobs number. it's joe's favorite day of the month. joe: and we'll talk to southern company and how they're transitioning to renewable energy. alix: first, we again, of course, with the markets. stocks are finishing higher in two days. recovering from the terrible slide that we saw earlier in the week as well. and this all after you had the debt financial minister saying there's no ground for further greece talks. you had the s&p take a dip and then higher. joe: pretty much green across the board. the airline sector on these reports that justice department is looking into conclusion and price fixing so that's something to keep an eye on. alix: absolutely. and th

i'm alix steel. joe: i am joe weisenthal.ing just under a record level for the heat, barely holding on to its games -- for the s&p, barely holding on to its gains. commodities take the spotlight. joe: the question is "what'd you miss?". ken ginny remedy turnaround -- mmetty turno around big blue? we are watching apple. will it be another win or a miss ? alix: the nasdaq is the story in terms of stocks, closing at a record high. could not hold on, closing relatively flat. seven out of 10 groups in the s&p did close flat. energy was a big drag. jo

allied steel -- alix steel keeping an eye on everything. matt: what a pleasure to have alix steel onset with us. scarlet: the top five things you need to watch. commodities are extending their worst monthly slump. oil was already in a bear market and it rallied and now it is in another bear market. a bear market within a bear market. matt: who was the citi analysts to set it might hit $20? not that that was a long-term forecast. our people as bearish now as they were the first time oil had its big drop? alix: no. citi still thinks there could be $40 oil but current production cost, capex cost and job reduction will lead to a tighter market perhaps third 2017. -- through 2017. you are going to want to watch for the non-opec oil non-us the big deep water projects that take years to come on. of those production forecasts miss, you are going to see trouble. matt: we have a number of commodities guests to speak with in the next couple of hours. we are watching puerto rico. their public finance corporation will likely fail to make it $58 million

his shower then made his way through a mile long tunnel on a rusty motorcycle or a cart pushed on steel rails possibly 62 feet underground. he is now on the run. >> movie to be sure. soon. >>> san jose police want you to watch this video to see if you can identify the armed robber. a man walks into the nothing but cakes bakery on aborn road. he demand money. the clerk handed over what they had. this happened last month but police just released the video. the robbery was less than a minute. >>> search crews have found wreckage in northern washington state where a 16-year-old girl survived a small plane crash. but they have not been able to get close enough to positively identify the aircraft. autumn veatch says her step grandparents died in a crash last weekend. the teen had minor injuries. she hiked out of the rugged area. her father said she learned survival skills from tv programs. >> she watches a lot of survival shows with me, "survivor" man should be proud of her. >> she was released from the hospital last night. >>> nasa is expecting a spacecraft to send back detailed images of pl

alix: we are moments away from the closing bell and i'm alix steel. joe: i'm joe weisenthal. ♪ [closing bell ringing] alix: u.s. stocks climbing and european equities capping the biggest rally since 2011 on greece's bailout agreement. the euro sliding on speculation the deal may clear the way for higher u.s. interest rates. joe: the question is, what did you miss? greece avoids a under very tough terms. was it an agreement among lenders, or a brutal coup? alix: we have not one but two nobel laureates here to discuss one of the biggest economic stories and years. joe: also weighing on the economy today hillary clinton , had fiery words for wall street. can she really play the role of populist? alix: but we begin with the stock markets, with a pretty important day for the s&p 500. it bounced and closed above the 50 and 100 day moving averages. the reason i bring this up is that they were key levels. they close below the 200-day twice last week, and yet, they close higher. some technical momentum continuing to claw higher. joe: the 200 day moving average

i'm scarlet fu here with alix steel. we just got word that the new york stock exchange will be reopening around 3:10 p.m. today. in the meantime, you can see the s&p the load of the session. and we are seeing a selloff, but it feels very orderly. scarlet: and there are plenty of reasons to be bearish. if you look at what happened overseas in china, the document it meltdown continued there. mention, everyone is keeping an eye on what is happening in greece. no new progress, and the deadline is extended until the weekend. monday would be presumably when we see the real impact on global markets. of where weeaking are not seeing panic, you have to look at the euro-dollar. the euro is up versus 1.10. bostitch of amherst pinpoint securities said no big deal. bob finch of amherst pinpoint securities said no big deal. celebrating qe because of uncertainty in greece. the federal reserve is a little bit concerned about growth in the second half. certainly they were concerned about the first half of growth and what impact that were

steel.is weak pricing. number three, they have very high cost. number cointreau, we have seen power plants in the u.s. closing. that means they are using less coal to make electricity. that means another loss of demand for their fundamental coal. that is the issue plaguing the entire coal industry. also specific into -- issues when it came to their funding in terms of cleaning up the so-called self bonding. just mentioned briefly about the prolonged coal slump that we have seen. does any of this come as a surprise? these producers got hit really hard. alix: not really in some sense. tradingabout their debt $.15 on the dollar. when you look at something like that, how long could a company sustain those levels. the issue winds up being there are very few areas in the u.s. here that are actually profitable for the company's. those areas.ne of if they went to off and pulled back on their support for the debt funding, that they normally supported, that leaves off the without a resource. that is k

several got big tattoo like this one "house of steel.ant." >> i would feel betrayed. >> i asked them to analyze the training tech eke intos. the house of steel training was difficult especially for those like joey the first day. >> you had to do 1 -- 100 push ups and if you didn't you had to start over. i could not do it. >> you can hurt somebody like that. how can you trade somebody if you don't know their ability? >> he held a hose over their faces as they laid outside on the ground. >> you have to scream otherwise the water goes in your mouth. to prevent you from choking you have to keep screaming. if it gets in there it is a disaster. >> several sources said he used the technique with the hose. >> it sounds like something you would do in a pow camp. >> do you use water in anyway besides hydrating and in a healthy way? >> absolutely not. >> he said alan and his squad leaders use drinking water as punishment and in one session running laps in this parking lot he downed 10 bottles. >> we would have to drink a whole water bottle after on

i'm alix steel. stephanie ruhle is standing by. take it away.som first thing morning, problems, messaging, walk me through that and the shutdown. role in theur center of the global capital markets seriously. our systems, trusted, available at all times. the open went off as you would expect. we were getting intermittent messages with customers not seeing the data and messaging they would expect. we have theel like level of trust in our decisions is required. i made the decision working with our regulatory teaming counsel's office to suspend trading at the new york stock exchange in part because those listed stocks continued to trade elsewhere during the day, and i told our team and a delivered fashion to determine what went wrong, put together multiple plans to come back up for the close. great job holding things firm, but you were out for 3.5 hours, and when you came back, volumes were up, almost the beat goes on. what does that say about our need? stocks. harm for in why as the market consolidates around the new york stock exchange. i'll close