let's go to my friend steve sedgwick with today's word on the street. hey, steve. >> hey, brian. great news. small business that's are driving this big pickup in vehicle sales. it is pickups led by the ford f series that are seeing a great momentum to the upside. actually the ford f series are made a lot more jobs are being created. that is good news for ford. bad news for ford, 465,000 cars are being recalled. there is concern about a fuel delivery module which could cause leaks. they had 600 complaints. no fires, no accidents have been reported yet. that's just a small down side for ford in what is a generally good "newsday" for them. >>> elsewhere, it appears smoking does actually cost companies a lot more money per employee, around $6,000 per year because of lost productivity, of course, they're away from the desks, longer than nonsmokers and the increased health care as well. i suppose for the upside, does it mean they have less pension drawdown as well because they tend not to live as long, brian. >> steve, you like bad food, right? >> i love it. >> what's the worst food yo

cnbc's steve sedgwick live in london. i guess the two questions, a, what led to the turnaround in the u.s. markets and how does today look? >> yeah. what led to the turnaround was pretty much -- good day. we've been worrying about economics and the three arrows that japanese have thrown at their economy to turn it around. this time around we led higher on decent economics. the retail sales were the best we've seen in three months and secondly the weekless jobless claims were better than most expected around 334,000 was the figure there, and about 12,000 lower than previously. in terms of where the markets are trading at the moment and what we're expecting out of the u.s. a little instability out of asia. the nikkei down 6.4% in japan in the previous session was up a couple percents today in the european markets holding their head above water at the moment. >>> stories for you, walmart the largest private sector in the united states, 1.3 million workers, looks like they're hiring more temporary staff. if this is about cost

for nightly business report, i'm steve sedgwick. >> in another bit of international diplomacy. the european union is likely to approve the plan without any conditions. the $10 billion deal would combine the owner of the new york stock exchange with the ice, the atlanta based company that not only regulates stock exchanges and trading platforms, but has a few of them, plus stock clearinghouses. >>> a nervous day in the oil markets today. due to rising tensions in the middle east. crude topped a nine month high before ending the day flat. traders are concerned that the worsening civil war in syria, iran's plans to send troops into that complex, and the unrest in istanbul could disrupt oil supplies out of that region. in the end, july crude futures lost 8 cents to $97.77. >>> the united kingdom has been hit with its own spying scandal. during the 2009 g-20 summit, information was gathered by hacking phones and e-mail. and using satellites to eavesdrop on conversations. >>> the fallout continues here at home over reports that our own national security agency has been spying on u.s.

let's touch on that with steve sedgwick live in london. >> yes, on the previous session we were rallies because we had strong data. this session we were rallying because we had weak data. the logic this time around was because we have are more stimulus with weaker data. two day rally up 1.9% for the s&p. gold as you mentioned though still under a vast amount of pressure. a year end estimate for next year of 900 bucks. currently trading around 1240. professional investors are selling on this one. apple, as well. closing before $400. i think investors are waiting if a catalyst to buy this one again as we have an assault from android and google products and samsung, as well. apple remains under pressure. >> so will we get new coke again? >> how many new coke s do we need? but the industry is seriously looking at new products with low calories. we have a zero-calorie sweetener that they will try in coke light and see how that expands. it's the first time a coke labeled product has been used and the industry needs more diet products with less calories because there is a concern that the cons

for more of today's business headline, let's check in with steve sedgwick in london for us. >> we were down a couple of percent on the s&p and dow. closed down around 1%. the concern this time is all around about china and liquidity conditions there in the economy and what that will do for the growth rate. at one point the chinese market down another 5% today, but closed around the flat line. interesting to hear what the president of the dallas federal reserve said about the market, said they are rounding on the market like farrell hogs and if they detect a bad scent, they seem to be going after it. he said they will not break the fed. elsewhere, samsung unveiling three new tablets that will go on on sale in early july. from around about $200 to $400, 7 inches to 10 inch, the big ones have infrared. if you play on on your tablet, you're more likely to be watching tele. >> there is a new report from gallup that takes a look at job satisfaction here in the united states. give us details on that and whether that's the case over there, as well. >> a simple remedy. get up between 1:00 and 3

let's get the word on the street with cnbc's steve sedgwick live for us in london. hey, steve. >> hey, brian. yeah, the markets don't know which way to turn at the moment. a week or so ago, if you had bad economic data, this was seen as a good sign for the markets because it meant more quantitative easing, more kool-aid for the markets. now we've had a weakish beige book, a weak private sector employment report as well, which has also been seen as bad and the major indeces fell heavily on it. what is a concern is the service sector and manufacturing are both seeing sluggish signs. as a matter of fact, manufacturing dropped 6,000 jobs last month, according to the adb private sector survey. and this, of course, ahead of the big payroll figure tomorrow. we're expecting 170,000 jobs created. elsewhere, though, it looks like apple does look like it's expanding its workforce, at least will go 50% higher as cupertino base if plans are approved by local officials. it wants to build a new campus, which has been told will look like a spaceship, basically, a 3.5 million square

steve sedgwick live for us in london. give us an update on the global marketplace. >> this is all about the appetite of investors to go to alone without the impetus from qe and stimulus. this time the boj saying it wasn't going to add anymore money to the $1.4 trillion it's already pretty much committed to reflating the system in japan. s&p gown 1%. elsewhere walgreen's under a bit of pressure. fined $18 million. basically it appears walgreen's has been letting too many controlled you been is stances on to the black market. for instance six of their pharmacies in florida were distributing over a million ox city company doan pain killer drugs a year. average is 73,000. elsewhere, mark zuckerberg awkward 30 minutes in the annual general meeting, first one facebook has had. the problem is the shares were ipoed at 35 and now trading at 24. a lot of dissgrunt he willed shareholders out there. >> i know ire a dad. i've been getting flack from my tongue in cheekiness about the differences between you guys and us in the states. b

cnbc's steve sedgwick live for us in london right now.he "wall street journal" headline kind of sums it up. markets yawn as apple, microsoft unwrap their latest toy. what's going on? >> well, i think you're right, brian, but i think what we need is a bit of a yawn. this market's been on a roller coaster ride, and once again in european and global markets together, there's concern yet again about peripheral debt and all kinds of things as well. but in terms of those two stories, you're absolutely right. apple shares have fallen from about 700 bucks down to 450 bucks. new software announced, ios 7 with a different color palette but not seizing investors with too much interest. shares closed around $438, which is where they've been as of late. s&p, though, saying the u.s. economy looking stable rather than negative. they marked it down to aa-plus from aaa in august of 2011. debt-to-gdp is stable around 84% and they're saying the fiscal position looks stable and growth will be somewhere in the region of 2% to 3% as well. markets also looking

steve sedgwick live in ireland with more. e. >> i've got to make the point, northern ireland. part of great britain as well. that's important. dave cameron setting the agenda. it's not every day that three presidents and a prime minister walk past your camera point but that's what just happened. president obama, president ebroso and david cameron, going to a press conference. one of the key ideas, don't overreach, let's try to go for ideas that we can get something really tenable on. one of the ideas is an eu-u.s. trade agreement. apparently the deal could be worth 100 u.s. billion. if we can get a trade deal breaking down tariffs as well. that's what barroso said earlier. but there is a fly in the ointment, so to speak, the french, looking for some form of extreme culture exceptionism as barroso's been saying. a concern the french want the audio visual industries put aside from any deal. when we started the negotiations, that would be an issue. that press conference starting any moment now. else where, big deals potentially o

that's where we find our steve sedgwick. steve, good morning. >> reporter: hey, becky.nue on the golf theme. worry at a multimillion-pound golf resort in northern ireland, a great britain, i'll have you. david cameron is hosting the latest g-8 meeting. unlike previous g-8s and g-20s, i think the ambitions are more modest. cameron setting an agenda to look at trade issues, tax issues and transparency issues. just going through those briefly, hoping for the start of the formal negotiations between the eu and the united states on some form of trade deal which could be worth as much as $100 billion each, 10 billion pounds to the united kingdom according to cameron. the french might be a bit of a stick in the mud on this one. they want to have an exception on their audio visual industries. they're concerned about french cultural identity, not for the first time. on taxation, this could be interesting. they want to stop evasion and avoidance globally as well. so clearly, if they get some form of concrete deal on that, that could have ramifications for individual corporations.

and steve sedgwick is there again. we were talking about, that's a little bit different view. when we pan out, i want to check -- no, that is the same. those buildings, steve, they're made to look really quaint, but they look fairly new, aren't they? but they're made to blend in with sort of the irish countryside. beautiful. >> reporter: yeah, there's a great story here, actually. there's a great story about this place, actually. it was a golf course that was completed in 2008. now, 2008, as we all quite remember was actually the start of the financial crisis, and they went bust, basically, straight away. so, this place, which is a beautiful golf course in a beautiful part of the world, has been on sale recently for around 10 million pounds, but it comes with a slight problem, 25 million pounds worth of debt with the bank as well. but it's very interesting. it's getting some use now. but quite baronal, isn't it? we just saw the president walking along by the shores with stephen harper of canada just now, and talking about, well, quite thorny issues today. tax is on the agenda