sanctions for russia, u.s. data, we are in the thick of the earnings season.ee companies that you need to know about. >> the stoxx 600 is up that much. ryanair, that much. they delivered numbers this morning. sheer.lion euros for the -- for this year. ryanair was one of the biggest gainers on the stoxx 600. the other airlines following suit as well. easyjet up. aberdeen asset management is lower because it is about assets under management. u.n. is that -- why is the stock lower? remainpany says they confident they can drive profit and build revenue. they are down over four percent this morning. nissan is out with numbers. it is expected to be the best in this quarter for the japanese automakers. the estimate was for 84. they've match that one solidly. the story is not changing for forward guidance. aheadline looks slightly of where we would expect it to be, 2.4 trillion. that is the top line. net income is the line we are flashing heavily. bestis expected to be the of the japanese automakers this time round. another company on the move for you. tim.com says hi

u.s. home price data out. d see prices increase at a slower pace when the year ended in may during to smaller u.s. wage gains. confidence probably increased in july to the highest level in more than six years. we have two big releases to watch on. .arth u.s. gdp economists surveyed by bloomberg expect economy to expand at a 3% annualized rate in the second quarter. later that afternoon, a federal en market committee will release a statement. mightderal reserve announce his first benchmark. friday. jobs report on they expect 200 30,000 jobs were added this month. in employment rate should hold steady at 6.1%. we will have more on the weeks news and earnings for you right here on bloomberg television. back to you. up, the pace is picking up on the factory floor in china after the break. we will assess the strength of the gains. ♪ >> you have the nikkei to 25 -- 225 running back all of the losses. right now it is higher. we are seeing the start of the busiest two weeks of her courting season -- of recording season

looking for top secret information. >> china has been waging a lengthy cyber campaign to steal data from u.s. government departments and major corporations. both sides regularly accuse each other of spying. in may, the department of justice indicted five hackers from chinese military unit 61938 on charges they stole data from u.s. corporations. it's doubtful they will ever appear in a u.s. court, but the point is well made. the latest revelation about stolen data came as secretary of state john kerry was actually in china discussing economic and security issues. the loss of intellectual property through cyber has a chilling effect on innovation and investment. incidents of cyber theft have harmed our businesses and threatened our nation's competitiveness and we had a frank exchange on cyber issues at our strategic security dialogue and we both agree it is important to continue discussions in this area. >> a spokesman for the foreign ministry in beijing accused media and cyber security firms here of trying to cast china as a cyber threat, adding they've never been able to present sufficient e

vodafone flush with cash after portited that u.s. data that it did hold over in the united states.ve a lot of money that they can put towards deals. it looks as though they are going to be able to expand more in spain. they are gaining some 2% market share. they will have 27% in total. 2 billion euros in savings. this is important. companies such as vodafone are struggling to have a square peg with a round hole. they have to invest. they have to expend on infrastructure. you and i download more and more in terms of data on our mobile phones. they have to invest in infrastructure. meanwhile, sales are falling. we also have the eu pushing for a cut. a cut in roaming charges when you and i travel abroad. it costs us half the price now to access data. that eats into their revenue streams. how do you invest when you have sales falling? that is why so many companies in europe are saying, please let us merge. please let us join forces so that we can save cash and invest in a better way. this is why the eu is giving the thumbs-up today. this is why vodafone is looking at cable operators. 1

if they release u.s. data can make a compelling case of who was involved and who did it. >> what are we supposed to do in response to this, general? >> well, megyn, we're strong in 83. it was 86 the real tilt of our conventional superiority became evident we're so far away. we have been on a path of disparmment for the last six years. there is really nothing much what we can do. here is what i would like us to do. i would like the president to increase defense budget. not to have these cuts we've got. to put two armored divisions back into europe. when i was there as vice commander in chief of u.s. air force we had 4,000 tanks just the u.s. today we have 0 tanks. putin knows we have disarmed we're continued on that path. and until we send that signal, that we're going to rearm, and become a strong nation, we're going to have a problem, under president reagan, strength through our power, under this president, leading from behind. so, that is not going to work. unless we go back to the old theory that we had of

if they release u.s. dataike this, they can make a compelling case of who was involved and who did it. >> what are we supposed to do in response to this, general? >> well, megyn, we're strong in 83. it was 86 the real tilt of our conventional superiority became evident we're so far away. we have been on a path of disparmment for the last six years. there is really nothing much what we can do. here is what i would like us to do. i would like the president to increase defense budget. not to have these cuts we've got. to put two armored divisions back into europe. when i was there as vice commander in chief of u.s. air force we had 4,000 tanks just the u.s. today we have 0 tanks. putin knows we have disarmed we're continued on that path. and until we send that signal, that we're going to rearm, and become a strong nation, we're going to have a problem, under president reagan, strength through our power, under this president, leading from behind. so, that is not going to work. unless we go back to the old theory t

if they release u.s. data case of who was involved and who did it. >> what are we supposed to do in response to this, general? >> well, megyn, we're strong in 83. it was 86 the real tilt of our conventional superiority became evident we're so far away. we have been on a path of disparmment for the last six years. there is really nothing much what we can do. here is what i would like us to do. i would like the president to increase defense budget. not to have these cuts we've got. to put two armored divisions back into europe. when i was there as vice commander in chief of u.s. air force we had 4,000 tanks just the u.s. today we have 0 tanks. putin knows we have disarmed we're continued on that path. and until we send that signal, that we're going to rearm, and become a strong nation, we're going to have a problem, under president reagan, strength through our power, under this president, leading from behind. so, that is not going to work. unless we go back to the old theory that we had of piece through strength

u.s. housing data later today and looking for more clues on the pace of the recovery. looking at other asian markets. in china shanghai's key index down more than 0.4% and in hong kong up slightly about 0.1%. >>> media mogul rupert murdoch has launched a bid to expand his empire. the people who run murdoch's 21st century fox made an offer for multinational media giant time warner. the advances were rejected. time warner owns warner brothers movie studio, hbo and cnn. executives at fox offered $80 billion but wasn't enough to convince rivals. officials from both companies say they are not discussing the matter. but reports out of the u.s. say murdoch may come back with another offer to help transform the american media landscape. executives at cable provider comcast offered in february to buy time warner cable and in may the people at at&t made a bid to acquire directv. >>> myanmar is opening up and japanese companies are moving in to fill the demand. they are teaming up to launch cell phone services in the country. executives of the two companies said they will form a

third, we need to address inaccurate u.s. data on remittances and get and collect all the full facts. and, fourth, we need to make sure that illegals receiving u.s. benefits -- see if they're remitting higher amounts abroad. my legislation would address all of these goals and fundamentally it would get a handle on the situation and make sure that those who are not in this country illegally pay a substantial fee and that was used on border security and other immigration enforcement. that could grow a significant amount of revenue, a significant amount of revenue specifically dedicated to border and other enforcement. the second proposal i have is in the form of s. 2632 -- excuse me. wrong number. it's in the form of other legislation, free-standing legislation which i've also introduced this week as a senate floor amendment for the supplemental appropriations bill. it's about child tax credits. this amendment addresses a clear loophole in the i.r.s. code that allows illegal aliens to access income tax-based benefits such as the chi

u.s. economic data continues to point out that the u.s., be a leader from the recovery in the world economy, and that's the reason we have a bounce after we digest this story from portugal. >> not flash backs to european debt crisis, bank problems in portugal? >> a little flashback, but history just has a rhyme. now that it's out in the light of day, nothing to be afraid of. we'll see how it plays out. we knew the market was mispriced when you can buy portugal or greece debt lower than american treasuries -- >> bob called it stupid. >> he's allowed to say that. i can't. >> return of volatility, you mentioned, what does that mean in terms of direction of stocks going forward? >> well, it should aid to the volume of trading so what we do on the floor is different than most investers at home. i look at opportunities to sell this for investers a buying opportunity. from a trading perspective, it's different. align positions and decisions to buy and sell based on technical analysis, whether we held the 1949 level on the s&p futures this morning

u.s. jobs data that we got on thursday but today some refrained from active buying. here's how major asian indexes ended out the day. a mixed picture following another record gain on wall street. u.s. companies added more jobs than expected in june. so investors in tokyo became a bit optimistic about the outlook for the u.s. economy. the nikkei average closed at a five month high finishes at 15,437. japanese exporters were given a boost by the weaker yen. in sidney the main index there seeing gains of .6 of 1%. 5524. that's at that one month high. the resources sector pushed up the index as copper and iron other prices rose. in seoul the kospi rose a high. shares dipped a bit lower. investors sold stocks on concerns about weak quarterly earnings. >>> chinese leaders have been putting the supports in place to reinforce their economy and they are seeing signs their efforts may be paying off. financial leaders checked the government's monthly purchasing manager's index to check the state of manufacturing. a figure above 50 does indicate growth while a figure belows signa

u.s. search data for the term michael kors have declined year over year for five straight weeks. there has only been one other week of decline since going public. kate spade, however, seen a recent uptick in google search trends. william blare and stern ag ex pressed concerns about kors this week. beyond saturation, analysts point to inkreecreased promotiod margins as other worries. not everyone is bearish on kors. it's maintaining a buy rating and erin murphy is reit raising her over wait. >> this is a global story misunderstood by the street. it's growing across multiple categories, over the next two to three years, the near term or that intermediate term upside comes from the european market, what they are doing there. it's extremely transformational. >> reporter: while many compare michael kors to coach which suffered from market share and stock price declines, murphy thinks ralph lauren is a better competitive to kors since both have large product lines. the sales growth has been seller, a performance level only sustainable for so long. however, piper's survey still indicate

u.s. inflation data due. janet yellen, are you listening? she called it just noise.oesn't mean she is going to act? probably not. on the sterling side of things, on the pound, incredibly busy. bank of england wednesday morning. any clue to how close we are. you might get it from the man himself. man has got toat say. >> thank you, top headlines. u.s. president barack obama is pushing european allies to expand sanctions even if it means damaging their own economies. eu ministers meet tomorrow, and tougher sanctions could be to theed. bloomberg talk ukrainian prime minister about the downing of the plane. he called for a global response. problemis a worldwide that needs to be fixed and resolved. insecurity council is expressing serious concern over the fighting in gaza. the palestinian toll rose past 500 after two weeks of fighting. military suffered the deadliest day in weeks. >> you cannot reward terrorism. a set ofnot be preconditions demand that are going to be met. we support the egyptian initiative to have an immediate cease-fire, and we are working that cease-fi

u.s. data tomorrow. he said that it will be disappointing and it could push it to 1.72. the words. it is pushing sterling higher today and stronger-than-expected. it is u.k. instruction as the number. let's return to the acquisition binge. the recent bid into the purchase of ono was in march and the eu is expected to improve that takeover. there is a boom. mining me now is the head of &a. what a quarter and a year. plus absolutely. the highest since 2007. we have seen a bit of everything. hostile deals. amazing valuations. an amazing year. it is all about market confidence and, at the start of the year, most of the economy reported would figures and the u.k. is the fastest-growing g-seven. g7. we predict that it will continue. another level.to it was the equivalent of bloomberg data on volume terms and the most since 2007. is it right to compare the two times? >> a lot has changed since 2007 and now and what is driving the heart of this today is cash with incorporates. estimates, the largest non-financial companies have 2 trillion in cash. that is driving behavior and i

u.s. satellite data. because of the growing conflict there in the region, the u.s. has positioned a number of satellite around there, some of which can detect the heat of missile launches, which may give us an indication what type of missile was launched and which side it was launched from, ukraine for russia. >> dug luzader live for us, thank you. >>> who shot down mh flight 17 moments after the crash? russian rebels claiming responsibility for shooting down a russian plane. >> leland, tell us what this group is capable of? >> heather, they are a scary bunch for sure. it is believed pro-russian separatists are commanded by the russian special forces and intelligence communities who provide not only strategic guidance but weapons from moscow. the separatists have become highly proficient shooting down ukrainian planes. at the same time the malaysian plane went down, a separatist leader igor strokopf posted this, we'll translate the russian, "we shot down on an-26" a military transport plane used by the ukrainians "near the city of torez, donetsk people's republic" t

we have a flurry of the u.s. a data coming out. consumer confidence today and for the second% quarter. that comes out on wednesday. and the federal reserve rate decision on thursday. and will continue to trade higher on the dollar, starting to push the lower -- the euro lower. will we seedraghi, exports lower? a look at the british pound. lower against the dollar on the 30 day period. trading today, the pound is basically flat. remember, the best-performing currency on that year. we'll get more later today. are we seeing a cooling in markets? the imf weighing in saying the u.k. should keep an eye on the housing market and if he gets too hot to handle, rein in mortgage requirements once again. make it tougher to get mortgages and ensure those out there can afford to borrow at the rate in the u.k. to get into the housing market. target,its sales outperforming online. it now has bigger profits and market valuation. bp up 0.75%. a little bit of a caveat. they are seeing, if our relation with rusher detail -- with rusher deteriorates, i

we are also using big data. u.s. pto has a lot of data.e really beginning to and are able to go over that data, review that data, feed that back into how they are reviewing the times at every phase of examination. >> there was a time when patents were not seen as such an incredible, obvious patent challenge. president obama highlighted that in the state of the union. let's listen to what he had to say. >> let's pass a patent reform bill letting our businesses focus on innovation and not litigation.eedless >> i wonder if the 20-year time frame of patents needs to change now because innovation happen so quickly. >> that's true. innovation occurs quickly but there are many industries for which a 20-year term is absolutely justified in needed. andexample, biotech pharmaceuticals put hundreds of millions of dollars investing into developing and getting it the a approval and in order to recruit investment, they need longer-term protection. >> longer than 20? enough. probably long they seem to be operating just fine. time ofeed a certain exclusiv

u.s. economic data in the u.s..

u.s. manufacturing data. twitter has reached a deal to acquire tapcommerce.ore on what this means for twitter's future is a former partner with red point ventures, previously with twitter. thank you for joining us. i have to ask you about anthony noto first. what do you think? >> he has had a great reputation, have heard so many great things. he has a lot of fans inside twitter. i think about what it means for twitter, and one of its biggest rivals is being understood by the public market. anthony will help translate between those two worlds. >> what do you imagine is happening with these executive moves happening at once? the head of engineering left, lots of shakeups in the product department. what is going on? >> finding the right leaders at the right time to grow and build the company, to expand the opportunities they have. 300 million active users, i think they could be over a billion. they need the right people to get those spots. >> how is dick costolo seen by his employees? >> he is a wonderful manager, he is effective, is inspired by people who work

data continues. as i mentioned with eu unemployment for may and the u.s. manufacturing numbers 37 i mentioned the focus on the prices and the employment component ahead for data for the rest of the week. on wednesday we will hear from janet yellen. on thursday, the ecb meets for the first time since mario draghi's us precedented move while the u.s. jobs report is released a day early due to the fourth of july holiday the. now joining us, alex. if we look back at q2 from the solid performance as far as the u.s. equity markets are concerned, how are you setting yourself up for q3 and what are your expectations? >> good morning. thank you for having me here. yes, a very nice market here. it's, i believe, it's going to continue to rise, although we probably might have some going forward. but for the secretaries i have, we're focusing on several sectors. the primary ones are energy, industrials, materials and technology. i think those are the ones that we believe have the most potential for performance in the near future in the next three to six months. >> we're

u.s. economic data in the u.s.. pmi, purchasing managers index. bloomberg consumer comfort index. home sales. that is the one we want to key on. moving onto earnings. ford, gm, caterpillar. starbucks, amazon, pandora. >> i'm looking forward to amazon. let's do a data check. particularly the politics. the market moves ever hire. -- higher. futures are up so much. yields are weaker. some dollar strength. nymex crude. under 13, under 12. 11.52 on the volatility. a slightly weaker yen. that is a benchmark of stronger chinese currency. to the bloomberg terminal. one of the observations. this is the russian equity market. you can see what is not happening. the u.s. is going like this. it is able market. it ain't happening in russia. >> is there value? it is a political question. >> and a sensitive topic as well. it has recovered from that big lunch -- plunge. we will talk about it in the next hour. the papers, the websites. we need an update on our front page. if you guys plan to fly to tel aviv, you can do so. the faa listed its 24-hour ban on u.s. flights to israel. this only covered

u.s. census data shows there were just over 4,000 bowling alleys open in 2012. they were down 25% from 1998. a lot of numbers. for more let's look at this highly sophisticated representation of bowling over the last decade courtesey of our statistics department. see everything goes down. he was doing a bar graph or something. >> you are the business expert. why is this happening in bowling? why do you think bowling is going bad? >> casual sex. >> really? >> bowling was a date night thing. it is filled with innuendo. you try to put your fingers in stuff. >> talcom powder. >> other people's shoes to try on. >> no buckles. >> laces. >> oh, there are laces. you are right. you can be tied. >> get to the point. >> with tinder and cupid and these other thens you can just invite a girl to your house. you can cut through the lame game. what about the recession? could that be the reason why? it is the weird animated ad. nobody wanted to put golf shoes on. you knowwhy people are turning away from golf? i worked on a golf course selling booze to golfers, golf courses are ma

corporations that are out to exploit our private data and you know the u.s. government is a good magnet for expressing all this outrage and projecting all this you know unabashed evil towards but i think for some reason silicon valley's companies were originally viewed as cute kid sort of moral and that faith has yet to be broken among most their users and this is even after the n.s.a. prism revelations. undeniably confirms you know one hundred percent proved that the n.s.a. and u.s. government was working hand in glove with a lot of these companies like google facebook apple microsoft and yeah i know and before we get into these specific companies silicon valley was actually started as an arm of the military industrial complex talk about how it came to be and why. well there's us this is great talk that ironically enough was done on the google campus before they became a public company noam chomsky used to do public talks there but there was one really good public talk called the secret history of south silicon valley the went through the history of how a gu

in the u.s., no economic data.unterpart, janet yellen, will be addressing congress tomorrow. we will get earnings out of citigroup and a few items we need to point out. if you live in the midwest, a polar vortex is coming up. withtigroup has settled the justice department for $7 billion. the department of justice says the settlement includes a civil penalty of $4 billion. be 3.8 billion dollars on a pretax basis. they will be reporting earnings in just under an hour. we now have a number to work with. settlement7 billion to end a u.s. mortgage bond examination. the charge was that citigroup miss led investors -- misled investors. down -- itg income was $20 billion -- $20 million. charges 3.8the cash billion. four and divide by 20, should we do the math? four divided by 20, i think that is one over five. 1/5 of profits over the course of the year, as opposed to the year's worth of profits. >> jpmorgan resolved a similar probe. bank of america is still outstanding. numbers we keep hearing is 17. the challenges that c

, in may the department of justice indicted five hackers from units 61398, on charges they saw data from u.scorporations. the latest revelation about stolen data came as secretary of state was actually in china, discussing economic and security issues. incidents of cyber health have harms our businesses and we have a frank exchange on cyber issues at our die hog. and we both agree, it is important to continue discussions in this area. accused media and cyber security firms here of trying to cast china as a theft, adding they have never been able to present sufficient evidence. >> well, i know what you want to know, are we doing to them what they are doing to us, the answer to all of my reporting is you have to believe that he with are p p of course, jonathan it is much more advantageous for the chinese to than for us. >> we will talk about this more with kevin. he is a former hacker who is once on the fb ios most wanted list. thank you for being with us tonight. thank you for having me on the show. let's get your reaction. looks like china got pretty deep into u.s. computers. >> to me i real

half of this year or some data point that will suddenly wake up the market, out of this though -- this low volatility environment we are in and that rates will go up in the u.sthink it will be one data point, but i think it is the sort of array of them. it is all around inflation, as everyone knows. the difficulty is that the fed has a few measures of inflation that it is focusing on. the market tends to key off on cpi. the fed is focused on wages. if you think how long will it take for all of those two point in the same direction, to me it is a q4 event. >> stay with us. >> welcome back. >> we are back with john normand. how long are rates going to stay eurozone?e >> we reckon three years. ecb does nothing until 2018 but it depends on the inflation story. >> maybe some inc. -- maybe something with quantitative easing? giving the banks a chance to expand the balance sheet, the question is whether the banks actually take the ecb up on its offer. if they don't, then you may not get the growth push, the inflation push that the ecb would like to generate. if that does not materialize, the ecb will have to be more proactive. >> when do we start to feel the effect

u.s. passports, the global data base crashed yesterday.hat is delaying passports worldwide and 50,000 applicants were affected in on >>> apple is facing a class action lawsuit from 20,000 employees from southern california. they say they were denied lunch break and were forced to work for five hours or more without food. from the retail stores to the corporate level t apple has declined comment. >>> consumer reporter nydia han is here. >> you have an appliance that keeps breaking down and you can't get the company to fix it or get a refund. find out what happens tonight at 5:30. >>> now turning to health check and anybody that suffers from back pain, the drug found in tylenol is ineffective in relieving back pain in many people. in fact, it was no better than a dummy pill when tested in patients. the findings suggest the need tore new guidelines. >>> the beauty of retirement for people is the freedom to pick up and go whenever and wherever you want to. lisa thomas-laury joins us now to talk to people hitting the road for 40 years now. >> t

u.s. power grid blacks out more than any other developed nation according to federal data the u.s. electric grid loses power two hundred eighty five percent more often than in one thousand nine hundred four when the data collection effort on blackouts began that's costing american businesses as much as one hundred fifty billion dollars per year the department of energy reported with weather related disruptions costing the most per event now it cost businesses one hundred fifty billion dollars but if they had if america they always talk about the smart grid they want to get a smart read like in europe well the cost how much would that be between three hundred thirty eight billion and four hundred seventy six billion but they can't come up with the money because the government can't do it they have to rely on private sector because of their ideology but here we have one trillion dollars over spent on health care and like i said this is a misallocation of capital they could instead have a smart grid better energy grid for two for half of that for half of the money wasted annually on he

u.s. for leaking data about the cia's worldwide surveillance program more on this as soon as we get it. there was a blower just recently gave an interview to britain's guardian newspaper snowden denied that he was now working for that of the russian government and he said that if indeed the u.s. government had any evidence to prove that it would have been all over the american media or snowden was also pessimistic about the prospects of ever receiving a fair trial he said he would rather stay in russia than return home and face unlawful prosecution. well thanks for joining us up next the kaiser report. sometimes i am baffled by the closed little world that a lot of people in the mainstream media must live in they seem shocked and appalled at the fact that around forty percent of the weapons supplied to afghanistan have gone missing let's ignore the fact that while americans are going broke the u.s. must rebuild the afghan military and think for just a second what would happen if you sent a lot of weapons into a country in dire economic suffering i'm sure you've heard reports that say th

u.s. government wants to access data in a data center in ireland, the proper approach is to go through thatork with the irish law enforcement, and then get that data under irish law so it can be turned over to law enforcement authorities here in the u.s. >> earlier this year microsoft got a lot of heat for reading an employee's hotmail account, or reading an e-mail from a hotmail account in order to track down a microsoft employee accused of corporate spying. i know you changed your terms of service after that. we have been talking about the relationship between the nsa and government and technology companies. how can we be sure you are not going to snoop in our e-mails? how can we be sure there is not a double standard? >> the first thing we need to do is be principaled. that is what we believe we need to do at microsoft. i think you are seeing this in other tech companies as well. a first principle here is that people's text messages, instant messages, voice conversations, e-mails, the documents they store all are entitled to strong privacy protection. we believe at bottom, people will on

on the other hand we have strong data coming out of the u.s. in terms of economic activity at the retail level, we have very good unemployment data. there are strong undercurrents of momentum in the u.s. >> is that going to shift? we are going to get the federal reserve minutes. still, as you read through the information, it really is a dovish call from some of these fed members. growthed acceleration of is up around 3%. we have janet yellen saying, low rates for a considerable length of time. where are we with this debate? >> depends on which fomc member you talk to. >> of course. >> the complexion is changing. contrast in signals is interesting. some are much more hawkish and others very dovish. it is basically keeping the markets on their toes and not allowing the massive complacency over the rate picture. goldman sachs moved their first rate rise forward by about three quarters a couple days ago. they have come more towards bullard's stance. his view is that we are already there in terms of the stimulus we put into the economy. i think yelle

u.s. indices are in negative territory this session. dow jones industrial average is down more than 1.35%. s&p 500 down more than 1.6%. weak economic data from the u.s. is contributing with jobless claims rising more than expected last week. that is european shares lower toward the close. investors digested a lower than expected reading of inflation at 0.4% fueling fears that deflation will weigh on the eurozone's recovery. some weak corporate results were undermining sentiment in europe. adidas shares saw their sharpest daily slump since 1997 on the back of a profit warning. the german sportswear maker says profit it year will miss its forecast by at least 118 million euros. it cites lower demand for golf supplies in north america and weaker demand in russia as sanctions and ukraine crisis could hurt the russian economy. the stock market in portugal was weighed down by a 42% tumble for the bank taking a beating after it reported a net loss of 3.6 billion euros and needs to raise further capital. it has fallen out of grace with investors after an audit discovered irregularity as at its parent company controlled by the family. if we look

policy or u.s. data drama that is expected. for the most part, that is keeping volatility lower than you would expect in this type of market environment. i think if you look back to history to take a look at what causes these historically small increases of volatility. and they are big events such as fed tasting or global financial crisis. and it is not the situation where we are in right now. so while we have a busy week ahead of us, the relative stability we are seeing in markets today indicate that is investors don't expect entirely invisible funds. >> i just wonder if there's a tipping point there, if there is a moment gets up and says, hang on, things are getting more cay yacht snick. >> i think this is an extremely valid point. in general in terms of the chaos as well as the general complacency in the marketers that's really on the radar and should be for us as well. but i think it will be a couple more weeks of lower volatility. and that's important to remember because we are moving in to the month of august that tronds

portugal, ukraine, argentina, the u.s. data reporting and earnings.g a seasonally weak period. i still think it is a staij strange day. if you were to tell me the s&p is down 2%, yet bonds are very little changed, i find that a little strange. this was a global flight to safety. just get me out of here, i want to go to the united states. if i were from ukraine, portugal and argentina, i would be digesting this strong cost/employment index number. don't tell me it is selling off the russell. everything's selling off today. the russell is down, the s&p is down. that's not much of a difference to me. this is not about selling small cap stocks at all. i'll tell you what will be interesting tomorrow. if we get a very strong number on the jobs report -- i mean well north of 250,000 -- you can be sure bond yields will move up and that will and real test of how the market behaves on the first day of the new month. >> boy. just waiting for that jobs number now. after all we've been through this week, and this day, that is just the cherry on the top of the icin

u.s. cards do not. scammers are taking stolen data in europe and sending it back in the u.s. re they encode the data on to a card and with draw money. experts warn it is only a matter of time before the hackers make it to the u.s. full-time. >> scary stuff. thank you, lori. pot busts, washington state hours away from selling legal weed. why there could be a big shortage on day one. >> a disastrous collision course. what happens when two drones get way too close to a police chopper. >> beware of the bobcat. this animal is on the prowl. >> it looks cute, though. >> no, it is not. >> steve, tell us what's coming up on "fox & friends." >> good morning ladies. the bob katz are cute until they chew your face off. >> exactly. >> coming up on "fox & friends" cris crisis as they request 2 billion for the border today. where is that money going to come from? plus a mother takes a picture of her kids on the beach posing like the iconic copper tone ad. she wound up getting banned by facebook. also cheryl casone has the tips you need to create the best resume. laura ingram talks about the

u.s. government the data was obtained from one hundred sixty six page government document titled the marchtwo thousand and thirteen watch listing guidance so what implications might there be for individuals on this list joining me now to talk about just susan who fellow at the center for constitutional rights and. journalist at firedoglake thank you so much both of you for coming on susan i want to start with you based on this government guidebook what is the criteria that an individual has to meet to be nominated to the terror watch list. great well you know this guidance had a few surprises but i think it confirms all of our worst fears about the no fly list the criteria is incredibly broad to be placed on a government watch list basically all you have to do is to be suspected of being a terrorist or a suspected terrorist so there needs to be some sort of reasonable suspicion but the problem is that the reasonable suspicion standard is incredibly low it's really nothing you know something a little bit more than a hunch that someone is a suspected terrorist or is a known terrorist so you

u.s. economy staged a comeback in the second quarter when it comes to growth. data shows that the u.s. economy expanded by an annual rate of 4% between april and june. that figure is much stronger than expected and a clear turnaround from the previous three-month period. the economy shrank by 2.1% in the first quarter on an analyzed basis as it suffered from a harsh winter. the federal reserve remains tight lip on when and how it may raise interest rates. the fed didn't offer any clear hints when it wrapped up a policy meeting in washington this wednesday. we saw a jump in stocks on wall street in the aftermath of that as investors may be hoping for low interest rates for longer. as you can see, those gains quickly fizzled out when it comes to the dow jones and the s&p 500 s&p 500. they are in negative territory this hour. in europe, earlier, investors reacted to tougher russian sanctionings. they seemed to be weighing on estern european markets. the paris mark was down almost 19.25%. that is it for business news. back in an hour. >> thank you, us. time now for a check of what is happe

here in u.s., no economic data but we should mention janet yellen will be addressing congress tomorrow

u.s. satellite data was conclusive. >> is there a concern of tampering?ichard about the scene being contaminated. is there a concern about tampering at the site? >> well, i suppose some evidence could disappear. tampering would be a slightly different question. no. i think, you know, if you get the cockpit voice recorder, you may end up catching conversation among the crew. this has happened before in airplanes that were shot down where it's clear the pilots are talking to each other about damage to the airplane. they know what has happened. and that would help make this clearer. >> we will get the recorder? >> well, in this situation there is no reason why we shouldn't. yes, it's a very violent fire that has taken place and a very violent crash. but this thing is designed as we talked many times. >> the reason i asked you, there are going to be many members of the international community wanting to get in on this investigation. the question is will they be allowed to get in? >> there is a precedent. the precedent is when the soviets shot down korean airl

u.s. persons, data program, for the 702 indicates of u.s. person queries conducted by the fbi, the board agreed that the fbi should update its minimization procedures to make it clear that in criminal matters, its agents routinely query the database for section 702 information. the board also agreed that limits should be imposed on the fbi's ability to use and disclose 702 data. three additional statements are included in the board's report representing different board to limitingroaches the fbi's use and dissemination of section 702 information. one position is that there should be enhance internal review of that process. is that if this question is not pressing now should be addressed before it becomes urgent, and a third, such queries should be subject to approval before it should be made. he board takes up at the nsa and cia should take up committees for section 702 for four intelligence versus -- for foreign intelligence purposes only if the query is reasonably likely to return for intelligence information as defined in the foreign inte