trish regan, richard stengel, kathleen parker and john heilemann. that's the show. thanks for watching. see you here next week.

nbc's trish regan joins us with more on this. hey, trish. >>> hi, ann.e have seen credit card companies raise rates ahead of today's changes. hopefully that will stop. beginning toy ccritedard it companies are going to have to mail your bill out 21 days before it is due. this will give consumers an extra ekoio avy d anlate charges. the other big change, ann, they ivmust gd e you 45 days nostce before they raise your interest ra.s however this only applies to fixed rate cards not to variable rate cards. majority of card out there are actually variable rate. consumers should also know they have the right to reject an increase in their rate and pay off an existing balance at the current rate. additional changes are coming in februa o.f 1020 some tncdeaclu fathet th credit card coar ps inangoe g g credit card companies are going to have a whole lot harder time marketing to college students. because anyone under the age of 21 is going to need a cosigner for a card. finally one of the biggest ent ges thatppilhaexl n year. banks will only be ablseto rai your ra

trish regan, cnbc, new york. >>> the city of chicago facing its own money troubles planned something close to a shut down tomorrow. public libraries, health clinics, and most city offices, including city hall, will be closed. trash collection will be suspended. the city calls it a reduced service day and hopes to save millions. police, fire, and other public safety services will remain at full strength. >>> when "nightly news" continues, what it's really like to cover a war in a place that is no place like home. i didn't want to believe it. but that night at the bowling alley... where's alice? oh, there she is! she seems a little confused. that's when i knew... i couldn't wait. our doctor told us prescription aricept... is the only treatment proven effective... for all stages of alzheimer's. studies showed aricept slows the progression of symptoms. it improves cognition... and slows the decline of overall function. aricept is well tolerated but not for everyone. people at risk for stomach ulcers... or who take certain other medicines... should tell their doctors... because serious st

chris: i got a question from trish rage -- regan. and steve schmitt saw what was coming and he said i realized we were running against a continuation of the kennedy campaign, the good part drove obama to the white house. what do you think? >> i don't think that. i think that obama was able to harness this new generation of people that actually didn't have so many ties to woodstock. so some of the woodstock generation and the issues of that, were were put aside in favor of these. >> >> they were anti-establishment, anti-to the -- to the bush administration represented that mentality that was sort of part of -- >> it is a new version of that because it wasn't harkinning back to a very -- a very new version with the young people that were -- >> had did say, obama said i'm not going to get into the baby boomer battles, where 9 counterculture and main culture. i'm beyond that. the yucker supporters felt that too. those are not my wars or battles. >> that's why he was able to beat hillary. that's what it came down to, he really engaged the

i'm trish regan. take a peek, the dow up triple digits, 123 points right now, ahead of the fed's statement today. the expectation being that the fed is pretty much going to keep the status quo. interest rates will remain lower for some time. and that's leading to this rally. we're seeing it especially in financials and tech. you can see s&p up 1.2 -- 1.25%, nasdaq composite trading up a gain of 1.6. and brian shackman has more from the nasdaq for us. hey, brian. >> trish, about 2000, 3 to 1 advances to decline. let's talk about some of the names. big names up above with the market. 3.3%. materials, loss less than expected. they expect to return to profitability in q4. microsoft, talked about the nokia deal, of course. that is bullish for the stock. could be a bigger deal long-term. we'll see what happens. the competitor doing well, apple up, research in motion, oracle, 2.2%. and i want to point out the power of goldman sachs. the stock is up 9.2%. there are some negatives on the other side of the ledg

more from cnbc's trish regan. >> in 90-degree morning heat hundreds of shoppers, some with umbrellaswait outside a kansas city apple store for their chance to save money. >> we got out here at 8:30 and it's worth being out here. i'm always about saving a buck especially in this economy. >> she'll save 4.2% on her purchase thanks to the weekend tax holiday on back-to-school items including computers. this weekend, ten states from north carolina to new mexico are offering early back-to-school tax breaks on everything from clothing to backpacks to electronics. retailers hope the incentive also create a surge in consumer spending. >> our research shows an uptick in sales in affected stores sometimes as high as 40%. >> reporter: but with the economy struggling to emerge from its deepest recession since the 1930s, some analysts say it won't be easy getting americans to loosen their purse strings. july sales numbers down 5.1% overall, that's weaker than the 4.5% average decline since february. department store jc penny got hit, off 12.3% and luxury retailer sachs sretail er saks 16.3%. sale

i'm trish regan. market off 18 128 on the dow on mixed economic news. right now it's looking like it could be an uneven economic recovery. just exactly what is in store for this recovery, and how can you profit from it? hey larry. >> all right, i'm larry kudlow. thanks, trish. the obama administration wants to charge large banks higher fees than its smaller rivals to pay for financial reform. in the "call of the wild" we're going to discuss whether it's a good idea and how you might be affected. hello, melissa. >> hey, larry. i'm melissa francis. michael vick is back in the nfl, signing with the philadelphia eagles. we'll look at what this means for the team's image and the nfl. this is "the call" on cnbc. >>> all right. stocks are at a loss this morning, on weaker than expected economic data. i don't know, consumer sentiment was light, industrial production up for the first time in eight or nine months. the dow, however, off about 1.5%, down 132 points. the s&p following dutifully behind, down 14.90. the nasdaq also lighter. by whatever it's lighter by

i'm trish regan. "power lunch" is up next. >> have a good time, trish. buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 is 250. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network. only from at&t. >>> well, we're all sitting here, humming the theme song from "hawaii 5-0" can't get it out of our heads, we'll explain laerth and would love to share with you. welcome to "power lunch," bulls in charge, surging to new highs. on the back of the latest housing report, which was encouraging. home builders among the winners today as equities head into their fifth

trish regan joins us from cnbc's global headquarters. trish? >> there are growing numbers of positive signals. the economy grew more last quarter, pace of job loss is slowing, and productivity is increasing. still you can't have a full economic recovery without the consumer. and new data today points to an american consumer who is still struggling. while the cash for clunkers program gave the auto industry a much-needed boost, there are new concerns today for the rest of the economy. >> people are buying >> people are buying automobiles and not buying other items. >> reporter: items like clothes, computers and other back to school staples that retailers count on for an uptick in sales this team of year. according to today's data, auto sales rose 2.4% last month. but the overall retail sector saw .1% decline. all in, retail sales are off 8.3% from this time last year. analysts worry they will grow even weaker in part because those new cars come with new car payments. >> it leveraged up the consumer for future months. they have now got debt they

trish regan this morning. thanks, trish. >>> and finally now, new baby pictures from the san diego zoo, where giant panda bai yun gave birth wednesday to her fifth cub. a very vocal quarter pounder. officials won't know for weeks whether it's a boy or a girl, but aquoting a veterinarian, it was like, whoa, it's got a really good set of lungs. four ounces, and yep, that's right. about the size of a stick of butter. >> i get nervous when you call him a quarter pounder. >> yeah. >> it's so cute. >> very cute. >> so little. >> will get so big. >> giant panda? not now. >> okay, thank you, ann. now let's get a chehe >> it is reining in our neck of the woods. moderate shower activity. heavy on the eastern shore right now. we will remain intermittently in showers at least into the early afternoon hours. 81 today, mostly cloudy, 84 and that's your latest weather. lester? >> all right, al, thanks. now to washington, where congress has approved roughly $200 million for three lavish jets to be used by members of congress a

and welcome to "the call," everyone, i'm trish regan. we're 920 minutes into the trading day. yesterday's losses. they are boosted by a couple things with results out of retailers like home depot and target certainly looking more positive than the retailers in the past. we're going to discuss whether or not a correction could potentially be in the offering. >> larry kudlow is off today. senator charles grassley hosting dignitaries in iowa to drum up business for its home state. we'll talk to him live and get his take on where health care reform stands right now. this is "the call" on cnbc. >>> stocks moving higher this morning as home depot and target gave investors some hope for an economic recovery, but limited gains expected for a housing report. right now, how the dow is trading on the morning, up of after yesterday, yesterday up 43 points, about half a percentage point, 917 9 the last trade. the s&p up better than 4 points. the nasdaq trading higher by about 10 points. trish, what's happening down on the floor? >> i'll pick it up. >> oh, sorry, rebecca. >> we'll break it

. >>> overseas markets are mostly lower this morning and cnbc's trish regan is at the new york stock exchange. trish, what is wall street watching today? >> well, ann, you know, there could be a little bit of profit taking on the heels of yesterday's rally. based on the s&p climb above 1,000 for the first time since last fall. overall, there's suddenly a little bit more optimism on wall street, which is a good thing. investors are anticipating that the economy will recover in the second half of this year. they're pointing to strong corporate profits, and also that gdp figure that we saw last week. now a number of top economists have come out and revised their forecasts going forward, anticipating positive growth in the third quarter, so all of that bodes well. ann? >> all right, trish regan, thanks so much. >>> and facing a $7 billion loss this year, the u.s. postal service is considering closing or combining almost 700 post offices around the country. the postal service is losing money as increasingly people are turning to the internet. >>> man the world is changing. >> all right, an

i'm trish regan.or an unprecedented look inside america's marijuana industry. >> i'm here to eradicate the scum that have infiltrate mid county and made it nationally known as a producer county of good marijuana. >> reporter: and now, the cnbc original documentary "marijuana, inc, inside america's pot industry. >> coming to you california. >> reporter: the scene, a county fair. two hours from san francisco, but a world away from the urban bustle. here families stroll the fairgrounds, future farmers examine prize livestock. this is northern california's m mendocino county. beneath its beauty

i'm trish regan. join me for an unprecedented look at america's marijuana industry. >> i'm here to eradicate the scum that have infiltrated my county and made it nationally known as a producer county of good marijuana. >> and now, the cnbc original documentary, "marijuana inc.: inside america's pot industry." >> welcome to eukaya, california. >> the scene, a county fair. two hours from san francisco, but a world away from the urban bustle. here, families stroll the fair grounds, future farmers examine prize livestock. this is northernal

. >> i'm mandy drury standing in for trish regan and melissa francis. stocks are lower. despite economic data development, and gdp. plus, the latest on the fdic quarterly report on problem banks. larry? >> i'm larry kudlow, everyone. citigroup up about 70% in the last month. aig, fannie mae, freddie mac also on the rise. we'll discuss whether there is still an appetite for these risky stocks. this is "the call." we are cnbc. >> stocks trading negative to find better than expected results on both gdp and jobless claims. and the fdic reporting the number of problem banks rose sharply in the second quarter. home builders also lower, after toll brothers reported a widening second quarter loss. right now, the s&p is also to the down side. and the nasdaq is not doing too much better, an over 1% drop for the s&p 500. and the nasdaq is only getting 1995, below 2000, a drop of 1.5%. we have hampton pearson in washtd, bob pisani with the market reaction. but hampton, let's begin with you. >> well, first, here at the fdic, its second quarter banking profile tells us that by the end

i'm trish regan. we want to get you caught up on the markets because we are up 74 points right now on the dow. a lot of optimism right now about the economic future.. s&p clocked through that 1,000 level, up 50% from its march 6th low of 666, it's just barely under that right now. meanwhile over the nasdaq, we are up about .5%, a little better than that, at 1,991. economists are more optimistic these days about the growth of the second half of this year and that could mean a quicker turn around in the job market. steve liesman joins us with an exclusive cnbc survey. finally a little bit of good news. >> we were on the phone this weekend and did a survey to see if they were changing their forecast. we've become more upbeat about second half growth and a bit more upbeat about job growth. economists in our survey increased their forecast of gross domestic product by nearly a percentage point to 2.65 from 1.75, and by about .25 point to 2.5% in the fourth quarter. they hit the 2.5% rate, which is seen as

i'm trish regan.ented look inside america's marijuana industry. >> i'm here to eradicate the scum that have infiltrated my county and made it nationally known as a producer county of good marijuana. >> reporter: and now, the cnbc original documentary "marijuana, inc, inside america's pot industry. >> welcome to california. >> reporter: the scene, a county fair. two hours from san francisco, but a world away from the urban bustle. here families stroll the fairgrounds, future farmers examine prize livestock. this is northern california's mendocino county. at first glance a picture post card of the far west. but beneath its beauty lies

. >>> good morning and welcome to "the call," everyone, i'm trish regan. 90 minutes into trading. stocks lower. getting hit by financials. investors awaiting the feds' decision on interest rates. we're going to debate that. plus, whether or not the one-month-old summer rally has any legs at all. larry. >> plenty of legs, trish. i'm larry kudlow. the dollar has been rally the past week. in our "call of the wild," we'll discuss whether the green back can continue to power forward and what it means for your portfolio. >> and i'm melissa franz en, gm's electric car out next year, 230 miles to the gallon. we'll discuss whether interest cars will be the catalyst for lifting the auto industry out of the doldrums. this is "the call" on cnbc. >>> all right. stocks moving lower this morning right from the open, pressured by profit taking and weakness in financials. in addition, a greater than expected drop could lead to a downward revision in the second quarter gdp weighing on the stocks. but on the positive side u productivity higher. the biggest drag on the dow today is ge, down about 1%.

trish regan is off today. 90 minutes into the trading day, world shares hit a ten-month high, we will discuss whether the stock rally can continue. larry? >> my word, i'm larry kudlow, hi, everybody. ben bernanke says the worst behind us, nouri el rabinny says the chances of a double-dip recession are increasing. we will discuss who is right and who is wrong. >> another 150 to 200 banks will fail because of the current credit crisis and will be joining us live with details. this is the call on cnbc. >>> stocks moving higher in continuation of friday's rally on optimism that the worst of the optimism is behind us, not everyone agrees, including nuriel roub beanie. we will be bringing you more on that later. right now the dow up by .7 of a percent, five straight days in a row we are in the black. as for the s & p 500 up. and the nasdaq in the back. black. >> all big three talking about earnings improving in the next years. cash for clunkers expiring today but other programs traders are starting to get interest n you know, there is cash for appliances, part of the rebate program, rather

. >> i'm trish regan. thanks for watching.nch" with a whole new cast this week. >> right. . >> welcome back. >> thank you. it's great to be back. >> if you are real good, she will show you a slide. >> of the rv. >> michelle off for a couple of days, welcome mandy drury. looking forward to a few days here. the global spilloff selled onto wall street, the stocks tumbling at this hour the global economy is the concern, japan's gdp numbers overnight, while they showed growth, not as much h growth as the world had hoped for, the major averages having their biggest decline since early july right now. health care stocks are among the best performers which we will explain in a little while why. >>> the question is whether or not this is the beginning of a big correction. so, we are going to gather the "power lunch" task force to guide you through the volatility and show you how to play this pull back. >> i'm mandy drury, the world economy grows, we look at what shape the recovery might take l we see continued global growth or will it

i'm trish regan. >> and i'm mandy drury. "power lunch" is coming up next. >> and just in time, the stock market turns higher as "power lunch" is come on the air here. >> it should be. >> welcome back. >> thank you very much. >> all back together again. if we could only figure out whatever happened to dennis kneale, we would really have something there. i'm bill griffith. stocks are rebounding. concern about china's ability to refuel a global recovery, the chinese market, the shanghai index is now officially in bear market territory, down 20% from its early august peaks. we'll have a look at what that means for your portfolio, coming up. >> and i'm sue herrera, warren buffett out with op-ed pieces saying we need to deal with u.s. debt. can this economy support a long-term rally? >> i'm michelle cabrusso-cabrera, google went public five years ago today. since then, shares have surged more than 330%, so where is the next google? we're going to go searching for the next hot ipo. and here is what else is on the menu. >> i'm mary

trish regan is off. stocks are higher, fueled by another term for ben bernanke and good news on the housing front and consumer confidence. larry. >> hi, everybody, i'm larry kudlow. now that bernanke is here to stay for a while, we'll discuss what it means for the economy, and the stock market going forward. >> and i'm mandy drury. in our "call of the wild" can the s.e.c. institute tighten regulations on the stock market, as one is calling for? this is "the call" on cnbc. >> a lot of positive news for investors to digest today. first up, president obama renominated ben bernanke as fed chief. home prices posted their first quarterly increase in three years, and consumer confidence rose in august. more on that one later. right now, though, the going above 9 600 for the first time since october. the s&p 500 is sitting at 1031 with a gain of just over half a percent. the nasdaq is also moving higher by about the same quantum at 2028. now, we do have john powell at the white house on the bernanke renomination

thanks for watching, everyone, i'm trish regan. >> and i'm mandy drury. joining us. >>> this is cnbc.com news now. >>> the fda says the benefits of merck's cervical cancer vaccine gardisli to continue to outweigh risks. jd powers will cross the unit mark for august. that would be a 2% rise from a year ago, and first increase since june of 2007. freddie mac says the fixed rate mortgage fell to 5.21% this week, down from 5.29% last week. that's cnbc.com news now. i'm courtney reagan. >>> this is the time of year when i really am jealous of steve liesman when he goes out to jackson hole. absolutely one of the most beautiful spots on earth. and we'll be hearing from steve shortly. welcome to "power lunch," i'm bill griffith. stocks have edged a bit higher on the back of some mixed economic data, which we will tell you about. s&p 500 is back above 1000 at this hour. the financials once again among the best performers. of. >> i'm sue herrer. eddy lampert's investment in the retail giant not what he hoped for. >> and i'm michelle cabrusso-cabre cabrusso-cabrera.

i'm trish regan.ry. >> i'm here to eradicate the scum that have infiltrated my county and made it nationally known as a producer county of good marijuana. >> and now, the cnbc original documentary, "marijuana inc.: inside america's pot industry." >> welcome to eukaya, california. >> the scene, a county fair. two hours from san francisco, but a world away from the urban bustle. here, families stroll the fair grounds, future farmers examine prize livestock. th i

trish regan this morning. thanks, trish. >>> and finally now, new baby pictures from the san diego zoo, where giant panda bai yun gave birth wednesday to her fifth cub. a very vocal quarter pounder. officials won't know for weeks whether it's a boy or a girl, but aquoting a veterinarian, it was like, whoa, it's got a really good set of lungs. four ounces, and yep, that's right. about the size of a stick of butter. >> i get nervous when you call him a quarter pounder. >> yeah. >> it's so cute. >> very cute. >> so little. >> will get so big. >> giant panda? not now. >> okay, thank you, ann. now let's get a check of the weather, first check, actually, from mr. roker who is still out in l.a. this morning. hey, al. >> good morning, guys. thanks so much, and as we check out your weather, see what's happening for today, out west e've got a risk of some stos out there from elko, nevada, up to cut bank, to omaha, wichita. these are isolated thunderstorms. possibility of some tornadoes out there. heavier stuff moving thr

i am trish regan. 90 minutes in to trading here at the new york stock exchange, a down day overall withhe dow off now 83 points on the heels of that ism number. we'll talk about that. plus, just exactly what is the retail play? ahead of the back it school shopping season. we will discuss. good morning, larry. >> i'm larry kudlow. looks like the senate will extend the cash for on clunkers program. we'll talk live with the head of the national automobile dealers association. we can guess he's happy and guess what? i am now in favor of cash if clunkers. i've changed my view. >> it's going to be a crazy show. the head of toyota usa jim lentz will join us live. the company announcing it will build and affordable sports car within the nest couple of years. this is "the call" on cnbc. >>> stocks moving low other some weaker than expected economic data. job losses in the private sector fell in july. and ism nonmanufacturing index came in weak than expected. all that weighing on the market. the dow down 82 points. almost a full percentage point. the s&p trading the down side also. it's down abou

." >> welcome to "the call," i'm trish regan and we are 90 minutes into today's trading. stocks trying to rally here. well, still off 22 right now on the dow. but trying to rally back from their lows of the session. after a selloff from china. and a warning from mr. warren buffett. we're going to tell you exactly what is happening, iron it all out for you. mandy. >> hi, trish. i'm mandy drury in for larry kudlow and melissa francis. a new nbc poll says americans remain in doubt about obama's health plan. in "call of the wild," can reform ever be passed without the people's support? this is "the call" on cnbc. >> the obama administration is about to announce new federal guidelines to help businesses prepare for the upcoming flu season. the joint press conference led by hs secretary kathleen sebelius and commerce secretary gary locke will address swine flu and vaccination limitations. we will be bringing you all of the details as they develop. and you can also hear directly from kathleen sebelius and gary locke live on "power lunch" beginning at 12:00 p.m. eastern time here

i am trish regan. 90 minutes in to trading here at the new york stock exchange, stocks taking a littleit of a breather after the recent runup we have seen. and yet this is in the face of that positive economic data on home sales. is this suggesting a real bottom for housing? we'll discuss it. good morning, larry. >> good morning. i'm larry kudlow. it's been a nice run for stocks lately and while some think it's about to end, i think we're in a new bull market run. we'll discuss and tell you you how you can make money on that call. >> goldman employees are are told to cool it when it comes to flashy purchases. now is not the right time. is making money out of style in this is the call oig on cnbc. >>> investors taking profits in the midst of larry's new bull market? the dow has turned positive here up about four points. but out of negative territory that's what we care about. the s&p, i'm going to call that flat because i want to. and the nasdaq, that's almost four points on the day. >> little pull backs are healthy. little bull packs are healthy. but i'm looking at green. it looks gree

. >> i'm trish regan. >> i'm larry kudlow, i don't like fiscal stimulus, but cash for clunkers. i'll be on "the kudlow report" at 7:00 p.m. but the key point is s now comes "power lunch. of". >> this is cnbc.com news now. >> new york stock exchanges and all of its systems are working properly after a server program delayed earlier akts. a southwest airlines pilot official says the group has reached an impasse. they have asked the bankruptcy judge for extra time. >>> and port will louisiana it's escape models to meet growing demand. that's cnbc.com news now. i'm courtney reagan. > >>> welcome to "power lunch," for a thursday. we're styling today, huh? >> absolutely stylin. >> we are stylin. >> let's make the point, we have different ties on. >> we do. they have the same shirt on. >> i never would have thought of a brown tie with this shirt. a fashion statement. i'm bill griffith, a volatile session early on this morning, stocks swinging between gains and losses in the major averages, the financials among the best performers again today. we also have the results of the $15 billion

trish regan is off today. a surprising and better than expected jobs number coming up stocks. the recovery is on. it's the new bull market, larry. >> indeed it is, melissa. i'm larry kudlow. we're going to talk live with the ceo of blue nile. the stock has more than doubled in the past year. we'll talk about where she sees the economy headed. this is "the call." we are cnbc. >>> it is all about the jobs report on wall street this morning. it was the 19th consecutive month of job losses, we know that. with 247,000 positions eliminated, it was the best showing since august, fueling hope that an economic recovery is beginning. take a look at the dow right now. it's back above 9400 right now. this is the first time since november we've seen this level, up almost 150 points on the day. that's about 1.6%. the s&p right now solidly above 1000, 1013, to be exact, that's about 1.66%. and we're up 1.5% on the nasdaq, above 2000. let's check in with bob on the floor of the stock exchange. nice way to end the day, huh, bob? >> yes, it is. i'll tell you the key story. financial outlying st

. >> have a great day, i'm trish regan. >> and see you tonight on "the kudlow report." now "power lunch" is up next. >> this is cnbc.com news now. >> bernard madoff's frank piscali will be released on a $2.5 million bond and travel restricted on a deal proposed to by both sides. general motors says its chevy volt electric car will get 230 miles per gallon in city driving. investor bill ackman has cut his shares of target after his score capital lost a proxy contest to his own slate of directors. that's cnbc.com news right now. i'm courtney reagan. >>> you know, by a strange coinciden coincidence, we are the tv show that gets 230 miles to the gallon. who knew? welcome to "power lunch" -- >> but in the city.ç7 >> but in the city! wide open on the highway. i'm bill griffith. sue herrera continues off. we welcome rebecca jarvis. happy anniversary, the summer rally began one month ago today, but stocks are tumbling at the moment. treasur pressured by the financials leading up to the up side. we're wondering if this is the beginning of the summer selloff. the results of the $

to the call, everyone, 90 minutes into trading on the floor of the new york stock exchange, i'm trish reganow on the dow. quite a selloff based on disappointing earnings out of the likes of lowe's. live reports from none other than the nyse, the bomb pits and oil pit, big day, melissa. >> thanks, trish. i'm melissa francis. larry kudlow is off today. account airlines overcome the recession? have you noticed there aren't any empty seats on the planes? should you invest in the stock? in our "call of the wild," " should the government rescind andrew hall's $ 00 million pay package? stay tuned. this is "the call" on cnbc. >>> buckle up, stocks pressure from the get-go. look at the dow, down almost 200 point opts session, 190 points, better than 2%, 9130. the s & p the downside, dow down 23 points, about 2.75 percentage points, nasdaq trading lower as well. it is really getting slammed, down about 2 1/2%. look at oil. sinking as well today, slider low, down 2 bucks. we are starting to head toward the lower end of that range, down about 65, 3%. trish, what's going on down there? >> big day. 190 o

. >>> good morning, and welcome to "the call" everyone, i am trish regan on this thursday morning, we're that is up 41 appointments. there is a big question here, it's happening as the chinese markets rebound. of so the question being, who is responsible? is it china? or is it the u.s.? we're going to hash it out in debate. hey, mandy. >> yeah, who is wagging who? i'm mandy drury, legislation goes into effect today, and you will be affected. of course, the question remains, will it do more harm than good for you? we're going to sort it all out. this is "the call" on cnbc. >>> well, earlier on in the day, stocks were pressured by a rise in weekly jobless claims, as investors spread over uncertainty with the economic recovery, not helping a terrible earnings report from sears. more on that later. right now, though, the dow has roared somewhat, up by 4/10 of a percent, the s&p 500 gaining by 8/10 of a percent, 1004, and the nasdaq in positive territory, up by 7/10 of a percent, 1982 is the score. trish, what is happening on your end? >> hey, mandy, a lot of people talking about china, and t

welcome to the call, i'm melissa francis, and trish regan at the new york stock exchange on a strong market day so far. ford now releasing auto sales figures for july. they're expected to be very strong, we're waiting for those numbers any second now. phil, what do we think we're going to see here? >> we're going to see the first monthly sales increase in two years by ford. melissa, these numbers from ford are strong, largely because the retail numbers are positive. interestingly enough, ford's fleet sales, the ones that go out to the rental car companies, corporations, those are going to be negative year-over-year, but because of so much demand with cash for clunkers, we're going to see positive numbers. >> phil, i've got to interrupt you for a second. we are getting that number. it's up 2.3%. that is the number for july for ford sales up 2.3%. what's your reaction to that? >> reporter: that's about what we would expect. keep in mind these guys were down what? 24% three months ago? to make that much progress in three months, that's astounding. so this increase here, people are going