. >>> a report that transocean, the offshore rig contractor, may be linked to the corruption probe of petrobras weighed on those shares. according to bloomberg, a former executive at the brazilian state-run oil firm, testified that he received payments from someone claiming to work for transocean, that in xhch for a contract. shares tumbled almost 5% to 13.01. >>> and the chip maker marvel technology said it would cut jobs in its mobile platforming business. the move will result in a nearly 20% reduction in its global workforce of about 7,000. shares popped initially in after hours trading. before the close the stock was up 1k36% to 9.02. >>> the most powerful and influential young business people. you can find them in the latest issue of "fortune" magazine. and the just released 40 under 40 list. topping the list this year is adam newman, co-founder and ceo of wework, a provider of shared -- what i ahandsome fellow he is there. he's joined by many other young professionals, some names you'll recognize, others you might not. and here with the highlights is susie gerub, senior continen

but the state department very aware of the circumstances and we are told that his company, transoceanic develop, out of new orleans, which deals in freight and port services in very difficult parts of the world, obviously also aware of his circumstances. a lot of effort being made to try to get this man and the other americans home. wolf? >> as you know, barbara, the "washington post" which first reported this information about darden says the other two americans include a 54-year-old man from michigan and a 35-year-old man who is teaching english in yemen. what else, if anything, do we know about these two other americans apparently who were being held by these houthi rebels? >> well, i don't know that there's any reason to suggest that that account is not accurate. it may very well be but look, wolf, when it comes to americans being held overseas in these kinds of circumstances, whether they are hostages, captives, americans being held against their will. one of the things that the news media does is obviously be very careful about identifying them. families are sensitive about this,

transocean is up.een talking about energy sector stocks, watching all week long b p, exxon mobile and conocophillips. but take a look at rig. transocean is up today over 1% and then finally who doesn't like a good cuof joe? greemounin cfee. theyre utodaalmo 2%. ri. ri: l rit, am, tnks so muc i want to remind everyone dow is up 200 off the worst levels. a lot of action as we approach the closing bell. we are now joined by global managing director patrick, mark and brad. gentlemen, thank you so much for joining us. patrick, to you first. what do yottle bit. why so much action here as we wrap up this very tough week? >> you know, why so much action right now? i really have no idea. there's people out there thank they can add value through trading at different points in the day and good for them. the data doesn't support they can do well with that. the data says you need to be a long term perspective. so people are going to do what they're going to do. that creates an opportunity for longer term investors

embroiled in the petra graham scandal that there is really a concern in brazil for the first time ever transocean being linked to payments. and it will get a lift ahead of good nike earnings after the bell. we saw the market move 8% for nike. look for that stock, could the k+seholders buy into because they think there could be a revaluation? 1.3%, for the autos, up do we wait for bmw to pop? it might not be embroiled in the scandal that has been hitting volkswagen hard this week. will there be a new ceo announced today? thank you very much. we bring you some of those movers later in the show. let's wrap up the asia trading week with david inglis in hong kong. morning, perhaps here in asia it is a similar story. things look to end higher. anan has been close for hour, and very strong finish for the nikkei. that's a drop in inflation for the first time since 2013, they may expand or adjust the scope of its bond buying programs. kong this one has about an hour left. offy up, but we are well the lows of the day. wild moves we saw back in isember, what is curious levels of laste friday. let me show yo

a former executive has testified that someone pretending to be a transocean employee bribed him to winwns facing calls to step despite saying she knew of no wrongdoing when she was petrograd chairwoman. facebook is betting on virtual reality. sellculus unit is going to movies through the vr headset as it tries to make the device appealing to the average consumer. customers include 20th century fox and lions gate as well as streaming services like netflix and hulu. google launches a headset next year. sprinttrying to a -- end years of subscriber loss by giving away iphones. they are releasing the new smartphone for a dollar a month. customers will need to create in the old phone. those are your top corporate headlines this hour. i am shery ahn. angie: nike is jumping higher today. the company's stock price, that is. shares leaping 8% in created as the athletic maker beats first-quarter estimates. zeb eckert is joining us. it appears that nike's athletic aesthetic is the key to the appeal. zeb: in so many markets, nike is powering ahead. let's look at the financials because this impresse

murphy oil, transocean, lower. is dow jones is setting -- shedding 4/10 of a point.he nasdaq is down more than 30 points. olivia: we are down but still on track for a gain for the week ahead of the meeting next week, and that is weighing on treasury markets. treasuries are rising for the first time in a week as stocks falter. the 10-year note down by five basis points trading at 2.17%. a lot of action in brazil after s&p downgraded its rating on brazil sovereign debt to junk status. here's what happened to the brazilian royal. they're up by 30% to the u.s. dollar. we heard from the banks that they thought the royal could go to for per dollar. -- four per dollar. that is in speculation the finance minister could resign. pimm: you're the ongoing scandal, the debt, and the potential for a recession lasting a long time in brazil. olivia: the cheaper the currency gets -- pimm: as long as they can buy overseas oil. olivia: it could be good for olympic tourists. top: let's look at the stories crossing the bloomberg terminal. ceremonies across the nation marking the tragic e

this meant a profound disruption in transoceanic commerce, and most importantly, an unprecedented contraction in the atlantic world arms market. equal,the things being these disadvantages would've hobbled the later movement and would have probably dissuaded the large majority of their participants. but, of course, all things were not equal. the treaty of paris had heralded something new in the western hemisphere. a large and growing free-market economy unrestrained by mercantilism or old world alliances possessed of great and growing marines and deeply the buying, making, and selling of guns and ammunition are independent, the war department auctioned off tens of thousands of its older muskets to wholesalers were involved in the international trade. the u.s. continue to energetically import guns from europe whenever it was able to do so. and u.s. administrations tried to facilitate these deals. for example, in 1807, when james monroe requested the assistance of the british navy in securing safe passage for muskets that james whitehead purchase from the dutch, the government went further and b

look at exxon, transocean -- those stocks are still lower and waiting on the indexes.il prices have been dropping. they are still in the red right now. they are also recovering from their lows. brent is off by 1.4%. part of that reason is continuing concern about the oversupply, the stockpiles we are seeing around the world, particularly in the united states where supplies are 100 million barrels above the five-year seasonal average. 100 million barrels. that is going to take a long time to work through. you: inventory builds in see what habits to the price when we get that information. thehe u.s. treasury market, yields moved lower to 18 on the 10-year. 294 on the 30-year. everyone is waiting for the federal reserve's rate decision next week. let's look at currencies. 1.13, the euro strengthens against the dollar. the euro is unchanged at 1.20. the pound sterling is 1.2 432 against the dollar. does look at the top stories. the nation aress marking the tragic events that happened on this day 14 years ago, the 9/11 attacks. at the white house president obama and michell

exxon, chevron, transocean, freeport, all of them are down in strong percentage terms. look at china-related stocks. alibaba, jd.com, kfc, chip maker, micron, the china related stocks, they are down this morning. but no more than other stocks essentially. all right. last word, sandra, before you leave us. i think you are leaving us. >> well, there's not a lot. i am. there's not a lot spared in this selloff right now. so it's all about finding stories that you like, apple creating original content, competing with netflix and amazon. i think this is an opportunity for those people to look for long-term plays because otherwise there's a lot of sellout. stuart: he's got a strong stomach and still smiling. down 337. larry eleven. you've got a strong stomach. you're a commodities trader. >> i agree with what sandra said. there's not a lot of the conviction of the selling right now. keep in mind in about a minute we get a piece of economic data and then 10:00 your time, stuart, two more pieces of economic data. that could move this market a little bit. stuart: i hear you, larr

dollar tree was up 1.6%, and rig transocean was down about a half a percent, and finally, i know david likes a good cup of coffee, green mountain coffee roasters, keurig up 1.6%. >> everybody likes a good cup of coffee. thank you for that. david: oil ending the day down about a percent and a half, just over $46 a barrel. but gary, it was hard to figure out. look at this market today. a very difficult market it. comes with a background of the saudi arabian king visiting the u.s., i'm sure president obama tried to get him to pull back on the production of oil. >> and i don't think you're going to see that happen at all. one of the situations you want to look at with the saudi arabians, they own all of their equipment. they're not leasing it. pumping this for years and years and years, we're at the point now, we're still funding our wells right now. and then when we saw that 13 well pulldown in the inventory that are actually working, we did see the market run back up on it. everybody was anticipating the numbers that come down, especially with the long weekend, with china on the two day

transocean rising there, you can see shares up 44 cents.e prices rising at a solid pace in july. the s&p case-shiller home price index climbed 5%, home prices rose in all 20 cities, thanks to diminished supply of housing. when we come back, we'll have advice whether you should be betting on currencies. >>> plus are gun rights under fire? second amendment expert jan morgan joins us. new york is not allowing any prosecutor to apply for or have guns even in their personal life. an interesting story. we'll talk about it, that's all next. we live in a world of mobile technology, but it is not the device that is mobile, it is you. . trish: one of the biggest threats to us right now is a global slowdown, and a recession in emerging market countries, the threat of a recession is a real dmrn all of these places. you get commodity prices from oil to copper to nickel all plummeting in these countries are struggling to get by. it matters to us. the contribution of growth from emerging markets to the u.s. economy, it basically equates to 65% of our over

that oil pullback, couple of examples of the biggest percentage decline are williams companies, transoceanmurphy oil are some of those that are following the most. here's another look at them percentagewise. in the drop that we are seeing within these companies. about thelking goldman sachs call that we could see oil as low as $20 a barrel in sort of a worst-case scenario. goldman sachs also downgraded the midstream sector on that less robust outlook for oil prices. midstream would be the companies that transport oil and other types of oil products around the country. that sector was cut to neutral from attractive over at goldman sachs. a number of the individual stocks were cut from cell to neutral. you see them listed here, another of -- a mongrel of them memorial production partners as some examples there. one note and planes all-american also downgraded by goldman sachs. one energy stock has been upgraded, and that's over a jpmorgan, talking about chevron. shares are not by much, but considering they are up in a environment, the analysts say that what we've seen happen is a worst-case

let me get to jeff grossman, we have energy names, diamond offshore, transocean, they're faltering and i wonder why? we got bullish news out of curbing, oklahoma which would indicate less supply and perhaps lower prices. >> i agree, we have a market that has taken everything dished out on a negative basis and hanging in there. i see the market in fact, i say that the gasoline is our major indicator showed resilience at the end of the week, i was surprised how good it looked. i see the market working its way higher. almost every bit of news is going to be construed as bullish at these levels. i hate to tell autoall these crazy bears that we deal with. you'll see $55 before you see 35. i see the market work its way higher near-term without failure. i see inventories going to be drawing down now. you're going to see rigs going off. at these levels consumption is going to go up. it's the market that wants to go higher. >> wednesday we saw large builds in inventory, i'm not sure i agree with you. let's argue about it next week. >> happy to talk to you about it next week. >> good to see all

transocean hit a two-month high. it is up almost 5%. whirlpool, rbc top pick for outperform.motor vehicling 500 jobs overseas. merck is up. some of the losers. green mountain coffee roasters, the big announcement about soup and. disney, disney is down after morgan stanley cut their target to 10a share. paypal was negative. they have gone positive. finally gap. back to school helped gap with old navy but gap and banana republic sales are down. we're going into holiday shopping season. maybe they can turn it around, liz. liz: back to school is kind of over. let's bring in jennifer, talking about high yield. charlie smith, fort pitt capital cio both of you believe, in essence you expect delays in the fed tightening. you don't think it will be this time around. knowing that, help our investor viewers invest right now. jennifer, are you of belief high yield is place to be when you look at 10-year yield started to do move higher, money coming out of treasurys? >> absolutely. we're still overweight high yield for a couple of reasons. one of which as the fed begins normalization of m

energy stocks lower today, drilling companies like rig operator transocean, falling fast here. to continue our market coverage. we're talking about who is best to solve our economy's problems in this presidential cycle? that's next after this. electionomics. . trish: we get the market eking out a gain here, up 52 points right now. s&p trading in positive territory, see how this goes closer to the close of trading. the big thing on everyone's mind is what's going to happen with the fed next week? interesting report out of our friend jim rickards, ashley webster and liz claman from the floor of the nyse. jim had an interesting point making the case, the fed's work has already been done. the effectiveness of a tightening cycle is already happening, becauses a look around the world and look at brazil's real which may be devalued. the south african currency which may be facing a devaluation. that's effectively putting us higher which acts as a break on the economy. there by acting as a tightening measure. liz claman, what are folks telling you whether or not we're going to get a hik

energy the worst performing sector, murphy williams, transocean and hess all among the biggest laggards >>> when we come back, don't underestimate china's economy, where one vc sees opportunity. plus is apple making the right moves in fashion? yahoo's fashion editor in chief will join us to break it down. nchtsd and under armour the tech company, the tech company's digital on wearables and more when we continue. 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. >>> welcome back, worries over china's slowdown pushing the shanghai composite index down more than 35% in the past three months. what impact will the market volatility have on chinese start-ups? our next guest says not to worry

1932, there's a big game in which the united states fights the british, a blue-red game, and a transoceanicgame. i think it is then often that makes two comments. one is that this is a really expensive war. unless the u.s. public is really hot to play, good luck. it will not fly. number two, he says, but let's be serious. do you realize how many -- cruises you need you cannot possibly have? if you are going to fight japan, there is only one way to do it, get allied with the british, stop playing games, start play war games in which they are our allies. he repeats the same thing almost word for word after a blue-orange game. nothing happens. 1932. you cannot talk like this. in 1938, after the war college has lost its power, there is a fascinating paper. and it's a paper written like a setup for a wargame which is why it was part of that system. in this paper, the setup is that the u.s. fleet is based in singapore. and part of its mission, besides defending -- besides defeating japan. it is not defending the philippines. that is incidental. that is another important thing you learned. besides

there were a lot of people who felt transocean had bottomed, sea drill had bottomed. this is a company that's somewhat involved with those. i'm worried about weatherford, if only because i'm worried that the industry has gotten technological. the amount of money needed to throw at it is much less than it was. you have halliburton out there doing that front now, pay later. ensco has been a disaster. it's a bear market for these. we're not used to calling things bear markets. we kind of forgot. it's been six years since we had a serious bear market. but there's a bear market. friday, by the way, was really horrendous. that kind of day happens, and people just try to forget about it. monday, i can't. it's engrained. friday was really bad. >> we know historically over the last 25 years weeks following options expirations in september are the worst of september which is the worst month of the year. >> that number you reiterated last week, i mentioned twice on "mad money." typically i don't like comments what's going on, year over year, the calendar, how do you disagree wit

losers, murphy oil, williams companies and transocean. >>> we'll have much more on president obama'stalk about the impact on the defense sector. domini chu, what have you found? >> there are a handful of defense stocks really starting to outperform over the course of the past eight to nine months year to date. if you look at defense, part of the broader industrial side of the market and s&p 500, 11 stocks are categorized on an industry level as being part of the aerospace and defense sector. only four of those stocks are positive on a year to date basis having the momentum going along with them for the medium term. these are the four. first of all, general dynamics. they make everything from m1 abrams tanks to nuclear submarines. san jose shares are up a modest 2% but still positive year to date. they also make a number of different items as well. mine resistant ambush protected vehicles, that sort of thing. boeing, one of the biggest defense contractors out there be with up 3%. we are talking apache attack helicopters here. also what's happening here with different kinds of ordnance

and on the individual names, pharma, transocean and metronic are up 4%. >> thank you. take a look at this mystery chart. it's the standout stock of the month. here's a hint. you could say it is cleaning house. we'll tell what you company we're talking about and whether it is a good time to get. i thought it was apple there just based on the price range. but cleaning house makes me wonder whether i'm wrong. (vo) what does the world run on? it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. go to ziprecruiter.com and post your job to over one hundred of the web's leading job boards with a single click. then simply select the best candidates from one easy to review list. and now you can use zip recruiter for free. go to ziprecruiter.com. but what if you could see more of what you wanted to know? with fidel

take a look at energy stocks here. ,ou can see transocean, energy all doing well. more than 4%.t bonds. the front end of the curve is versusaround a lot more the 10 year. you can see the rise in the 10 year all morning, climbing higher and higher. yield right now. you see even more volatility, more drops yesterday. thank you so much. now i look at the european market close. i want to bring in mark barton from london. mark: european stocks rose for up,first day, up, down, down day. aboutitial concerns china. china.worry about that they rose 12% in the last month and what a day it was. let's look at big movers. there is a big auto show taking place in europe. the chief executive says the company's growth was measured in china and it will last through 2016. shares up. glencore. i am fixated by the company. earlier, shares fell by 8% to a by 7% -- 77%.wn they finished up by .8%. .ild gyration the german vista -- down by 14 .ercent i want to finish with the stoxx 600. what a strange day. gyrations, call it what you will. stocks finished the day higher. it was not straightforward. not

transocean, more than 2%. netflix's video with hunger gains entrance followers. a tough week down 13%. al brand saw august on the rise. bath and body works under there, victoria's secret. stuart: cnn demanding criteria for who should be included in the next republican debate. that is a victory for carly fiorina. >> at the right decision. they were using polls going back to july when she was not anywhere on the radar screen. she did very well in that first debate. obviously they should use more recent polls between august and september 10th instead of going back to july. stuart: she is almost certain leanne. >> you might have some shakeup at the bottom as well. stuart: they are just running one debate. >> one debate. a week after the polls would close on who would be eligible. between august 7th and september 10th. stuart: by the way, tomorrow, carly fiorina will appear on the program. don't miss it. the integration crisis is hitting america in the wallet. a study shows more than half of immigrant led households receive one form of government welfare. medicaid, fo

keeping an eye on energy names, chesapea chesapeake, marathon, eog, transocean, everything there is alight volume as we head toward the opening bell. oil prices will be a focus here. that slide after a three-day rally for crude. let's get a look at futures. we could be poised for a 400 decline on the dow. the nasdaq showing a decline as well. the picture getting worse in the last half hour or so. let's go to jim cramer. jim, do you like to blow your own horn or do you want me to do it for you today? >> i don't know. >> you can't do this yourself. tell me what you are doing fake tweets the other day looking into the future of what china was going to say. you said market sells off, china has bad numbers. >> that was me. i just said -- >> when did you tweet that? >> i tweeted right before i went to bed, and i tweeted it during the show, and then i got up at 3:30 to see the dream come true. >> yesterday tredream comes tru. you were saying this is what was going to happen. >> we've been in a bear market for months. >> it was the news 24 hours before it was the news. this one -- >> because