david, thank you very much, ubs wealth management research cio, just say hi to the ubs gang s and steveder. thanks to you both. >>> closing bell five minutes away. a stock picking superstar after the bell with his favorite names right now. ♪ ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. iwas thathe biggest vit gave me...ar...ne. confidence to buy my very first car... and to walk out of that dealership... and know that i got a good deal. save time, save money, and never overpay. visit truecar.com [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market

. >> well the big question in this crash how does ub other keep tab on the drivers and keep passengers in the larger public safe? this is video of the driver involved in the saturday night crash. you can see police pulling up and seemingly daze man in the driver seat. >> choke the car and went across. then hit the pole. hit the light. cars. did he pass out. >>reporter: according to san francisco police the 56-year-old suber driver had a seizure and lost control of the car. he had 2 passengers aboard at the time. this crash happened on busy saturday night outside of the monarch hotel. front desk attendant tells me one of the people who was injured was a guest who was just checking in. police say the pedestrian who was hit and the driver were taken to san francisco general hospital. ub ear released a statement that says this driver partner has outstanding record of service and safety with no prior incidents. pending review he's been removed from the uber platform. but uber has not answer add key question about this crash. how will the driver go about returning to service? >> there is no

. >> well the big question in this crash how does ub other keep tab on the drivers and keep passengers in the larger public safe? this is video of the driver involved in the saturday night crash. you can see police pulling up and seemingly daze man in the driver seat. >> choke the car and went across. then hit the pole. hit the light. cars. did he pass out. >>reporter: according to san francisco police the 56-year-old suber driver had a seizure and lost control of the car. he had 2 passengers aboard at the time. this crash happened on busy saturday night outside of the monarch hotel. front desk attendant tells me one of the people who was injured was a guest who was just checking in. police say the pedestrian who was hit and the driver were taken to san francisco general hospital. ub ear released a statement that says this driver partner has outstanding record of service and safety with no prior incidents. pending review he's been removed from the uber platform. but uber has not answer add key question about this crash. how will the driver go about returning to service? >> there is no

this is a conversation we had with ubs. the fed could be on hold for longer.trying to guide the market. where do you go for yield? >> you can't have safe yields. it doesn't exist anymore. >> safer. >> still, within some high-yield bonds, you have some good value. is in all, the market expensive, so you have to do a lot of -- >> 6% in u.s. good value? >> no. if you look company by company, some companies offer value. for example, we are looking at nordic high yields. within the swedish high-yield markets, we think there is value. it is very exposed to the old mark -- the oil market. the oil prices are not going anywhere. quite stable. >> lesson of the day, what is it? >> you tell me. >> safe in yields? no. >> has the london housing market lost his momentum? we take a look at the boe's warning next. ♪ >> welcome back to "countdown." time for a quick check on foreign exchange. r has not taken the 2014 lous. that is the number on every traders take it. 1.3325. we have dipped, day four. germany contracts by double the amount estimated. .2%. francis and stagnation.

. >> well the big question in this crash how does ub other keep tab on the drivers and keep passengers in the larger public safe? this is video of the driver involved in the saturday night crash. you can see police pulling up and seemingly daze man in the driver seat. >> choke the car and went across. then hit the pole. hit the light. cars. did he pass out. >>reporter: according to san francisco police the 56-year-old suber driver had a seizure and lost control of the car. he had 2 passengers aboard at the time. this crash happened on busy saturday night outside of the monarch hotel. front desk attendant tells me one of the people who was injured was a guest who was just checking in. police say the pedestrian who was hit and the driver were taken to san francisco general hospital. ub ear released a statement that says this driver partner has outstanding record of service and safety with no prior incidents. pending review he's been removed from the uber platform. but uber has not answer add key question about this crash. how will the driver go about returning to service? >> there is no

with ubs strategist wealth management. welcome. good morning. >> morning. >> when i look at your monthly news letter, the first line i see if global equities have delivered postal a wonder percent -- 100% earning. think the music is very much going to continue. if you look at the u.s. economy almost the perfect position where jobs can continue to grow but the unemployment rate has not picked up. janet yellen, the chair of the federal reserve, she's going to mid-2015 whilel there are strong jobs growth in the u.s. this picture is very supportive of the equities. >> when you see the likes of might, their rates of rise faster and in market is behind. do you dismiss that as moist coming out of the fed? >> we have a lot of concern around their earlier last week and that cost the selloff. the payrolls we saw on friday sure really assay those fears. the participation rate picked up. unemployment increase. it is supportive of janet as the economy recover, people will start to rejoin the labor force. said members are talking about it. >> ki

eye nighted becoming the first airlines to offers ub better transportation services via the mobile app.. all of them today up about 2%. american lagging just a bit there. >> bertha, thank you. time now for our series, the power pitch. entry prenears gets 60 seconds, and then a panel decides if they have what it takes. >> budsies take the child's imagine ace and turn it into fully custom handmade, safe and huggable plush toys. they themselves design it, and they make for great keepsakes. giving back is part of our mission. we work closely with schools, easter seals, and to give freeze budsies back to kids in tough times. it allows designser, to work together around the globe and deliver your budsies in just four to five week. we have scrapbook app.s we've been outselling for just about five months, sold over 1600 already. we have two products likes about to open a third. what started off as just a side project for my kid sister is on track to be this years 'biggest holiday give. rach rachel's background includes kits group, and she has her own start up, a children's retail concept in ne

bill o'neill, ubs wealth management. let's bring you more from our interview that i was just referencing earlier. he is a former bank of england monetary policy committee member. he spoke with jonathan ferro. >> we have had rates on hold for over five years. moste in the sort of consistent and strong period of growth that we have seen for almost a decade now. i andrcumstances in which the other members of the monetary policy committee put interest rate at level have gone away. not everything is flashing red. wage growth is still relatively subdued. we have had higher inflation than we would have expected. thehe mpc waits until all signals on inflation are flashing red, it will be too late. they should be taking advantage of the fact that the inflation is fairly well controlled at the moment and gradually moving up. that would be my argument. or sixhave had five years to adjust their finances. we have to remember that the economy is not just made up of borrowers. it is made up of savers. -- if we try to run the economy ba

bueno muchos de las personas de esa ciudad nacionalmente que estÁn preguntando por quÉ estÁn reportando ubdisparÓ contra el joven parece justifico pero la n. estaciona en marcha hay que saber mÁs detalles antes llegar a conclusiÓn. >>> y fue policÍa ayudo hay casos con con dÓnde policÍas estÁn de alguna manera mostrando lo que pareciera ante los ojos de la gente un abuso, en este caso en particular con la informaciÓn que tenemos como juzgar esto, cuando un policÍa enfrenta una situaciÓn de presiÓn y tambiÉn frente un joven sin armas. >>> bueno gracias raÚl, como dice el abogado en california que ahora lo que tenemos es informo, informaciÓn lo tenemos hechos, es muy prematuro en este momento ahora a diferencia de la policÍa justifico nado lauros fuerza que usÓ contra el joven este. >>> hay cantante me llama la atenciÓn dicen en ferguson mÁs del 70% de la posibles es africana pero en el departamento de policÍa hay muy pocos oficiales afroamericanos, estÁ un 80% de el grupo de la policÍa estÁ integrado por oficiales blancos, esto de alguna manera usted cree que aumente el riesgo de que haya a

now, ubs we should point out painewebber, its old, the brokerage firm known as painewebber is not foryou know a lot of people think at the right price that is something that could be easily folded. if they did it right, it could be easily folded inside of goldman sachs. it is not the biggest brokerage firm around. it is 6,000, 7,000 financial advisors but it is pretty good, run by bob mccann one of the better managers of brokers units. liz: before you were saying charles schwab with you you mentioned, that market cap is $36 billion. >> is a a lot of money, a lot of money and it is a harder deal. goldman has been interested in charles schwab for many years. they were charles schwab's banker. that is why that name always comes up. other names if they look to go the asset management route, then you're talking about some other interesting firms. frankly templeton -- franklin templeton and invesco. legg mason out of baltimore i very good firm i know people on the board. liz: raymond james. >> that would be wealth management. always talked about but they remain staunchly independent. they d

ubs says this guy was a deal maker and closer. their rating remains neutral. target higher than the current price, but still not a ringing endorsement by ups bs of tibco. >> this is not a call for doom and gloom. they ville have about a 140 targets. they just see production being flat next year for cvx. >> the under the radar name is diamond resource, based in of in 1/2, been initiated outperform at imperial capital. >> this is a timeshare company. the target is $34. about 30% above the current stock price, the ticker drii. this is one of those companies that got crushed during the financial crisis. it's come back in a big way. up 66%. >> do we use the word "timeshare" anymore? i think they call themselves a hospitality and vacation ownership company. >> is that what it's called? >> something like that. >> if you're watching, steven, call in and tell us what it is. >> please do. >>> u.s. steel getting a boost today following an upgrade at deutsche bank to a buy. let es talk numbers. ari wad, and david see burg of cowen and company. the short-term chart, ari, i

luckily the members of the public managed to flee the area, but ub fortunately one israeli man was killed when the palestinian took his tractor and in fact overturned a bus on idz side. police units that were in the area in fact responded very, very quickly, and the suspect was shot and killed at close range. obviously the police units in the area heightened security immediately and then just about three hours afterwards at 4:00 in the afternoon israeli time, there was another shooting which occurred almost a mile from where the first terrorist attack occurred. and unfortunately a soldier was shot in his stumage and upper part of his body and injured seriously and taken to nearby hospital for medical treatment. so those two incidents, there is no specific intelligence that we had about a terrorist attack that was going to take place inside jerusalem today. but what i can confirm is that over the last few weeks there's been tension in and around jerusalem. and our police units have dealt with local incidents, disturbances, stone-throwing and in israeli neighborhoods which we deal with almo

again very good questions about where ub erer is in terms of jobs and i think it's something all of us would like to look into the future. >> any other comments. it's limited to two minutes 2 minutes in the interest of time. >> howard chad ner again. >> howard, if you can approach the microphone? >> can you hear me? i can't speak to the issue of blind people and deaf people and guide dogs, but it's 100 percent clear what mr. wrath bone said. you are basically decimating the cab industry and the san francisco enabled that. it maybe too late but we hope not. the fact is that it's been difficult to get the cab industry over decades to provide wheelchair accessible transportation. i think that until a few years ago they got better at it. but with the ride sharing companies, now you don't call of that anymore because sharing is like, hey, would you like some of my sandwich. sharing is not a commercial. just like facebook is defining the word friend downward. all of this called sharing economy is defining the word sharing downward. that is a bit of an aggression. what you are talking about i

. >>> surge of ub and lyft usage here in the bay area led to an unfortunate new trend that has strangersetting into the wrong cars, coming up ride share etiquette. >> and meet san francisco's very own hero. bat kid captured hearts across the nation last november and now his story is headed to the big screen. the batiked movie in the making and how you can help make it a reality. >> a reminder, you have a consumer problem or question, give our hotline a call -- we've got some volunteers standing by right now to take your call. we'll be right back. ,,,,,, ♪ [ male announcer ] choose it. scoop it. pour it. blend it. [ blender whirs ] no matter how you make it, you'll love our endless variety of beverages. baskin-robbins cappuccino blast®. customize yours today. ♪ >>> and this is a live look right now in arizona where flash flooding is sweeping away roads, cars, and houses. this is new river and the area was hit by hard rain this morning. about two inches of rain fell in some locations in just about an hour. and you can see there's a person inside that home waiting to be rescued. many motori

ub er is a technology to connect with people who need a ride. we do that through the app. as you know technology is really changing the way people move around the city. we are happy to be a part of that. like i said, uber is really evolving the way that the world moves and by connecting riders through our app we are able to provide more transportation alternatives and increase riders. we are very proud of the increased mobility that we've created for our users with disabilities across san francisco and the bay area. we are very excited about what technology can do to increase that mobility and there is still much more to come. uber's motion del is everyone's private driver. we hope to be that service for everyone. so, what uber does is provide a reliable, very fast access to safe and efficient transportation options. we compliment san francisco's existing transportation options like public transportation and taxis and other modes of transportation. we really amplify the ability for people to get around. on top of that we offer a flexible and convenient economic opportunity

say its for ubs, citi will be the first quarter next year. >> sam says february still. >> thank you. fellow we spoke to from rbc. going to be a fascinating meeting. should we talk about japan? talk a little bit about this. we have a contraction. the biggest one since -- >> the only good news is that it was not as bad as many had predicted. annualized, you have negative 6.8%. spending is a miss. it is down by a large percentage. this is on the back of the sales tax hike. i said good job of not having a big debt load because they might have to raise taxes again. the problem is, they do. to try tok to mr. abe do something here? not raise taxes? this will come down to kuroda again to do more. at the start of the year, the most every single fx strategist would say more stimulus this summer. have not heard a word on that the last two months. with these numbers, you may start hearing that again. >> if the economy does not rebound in the cert -- in the third quarter, if we get a flat or contraction, possibly more stimulus and possibly no sales tax hike. >> it is a couple of percentage points

you have technically a consensus ube unity government of the palestinians. have a list of parties, certainly a large part is from hamas, members of fatah, islamic jihad and other parties in those that are going to cairo. but will they all agree on the way forward when they are actually around the table? we have to wait and see. will the israeli delegation be getting mixed signals coming back from west jerusalem from the government here on the way they need to proceed. and, remember, the other factor in all of this, you got the regional did he mission, lots of different countries in the region have stakes, wants to have influence and leverage over the final deal that's done. because, remember, what we've got now is a 72-hour paws in hostilities. this isn't a final ceasefire deal. that needs to be negotiated. >> indeed we'll be following events with you, james from west jerusalem as the day progresses, that's for joining us, james bays our diplomatic editor there. >>> let's go to gaza now. joining me on the phone, explain to our viewers where you are at the mo

larger than life, fiscal policies, then all we'll have to say to you is this: welcmove fast fruit flavor,ub. watermelon, blue razz green apple. your taste buds dancing. it's the jolly rancher, we make it happen. untamed fruit flavor. jolly rancher. some drinks are hardly refreshing. i think we'll grab a redd's wicked apple. (trailing off) haaa new redd's wicked apple refreshingly hard. [ dog barks ] ♪ [ male announcer ] imagine the cars we drive... being able to see so clearly... to respond so intelligently and so quickly, they can help protect us from a world of unseen danger. it's the stuff of science fiction... minus the fiction. and it is mercedes-benz... today. see your authorized dealer for exceptional offers through mercedes-benz financial services. nobody ever stomped their foot and asked for less. there's a reason it's called an "all you can eat" buffet... and not a "have just a little" buffet. because what we all really want is more. that's why verizon is giving you even more. now, for a limited time, get more data! 1 gb of bonus data every month with every new smartphone or upgra

ups --r 10, ubs -- number 10, ups. hackers may have exposed personal data at 1% of its stores.how many customers were affected. >> number nine is hormel foods. it beat estimates on revenue and earnings per share. revenue came in at $2.28 billion. a lot more hormel chili. oh yeah. ergen, the pharmaceutical company. x about aoached phale potential bid. x about a potential bid. >> number 8, 2 $.2 billion. number six is kirkland. the plan to close 15 stores this year. the cfo toromoted the chief operating officer. >> number five is sears. loss.ing a wider falling for 30th straight quarter. antilabor calder is -- eddie lampert called a result unacceptable. >> i go there all the time. craftsman tools. want to keep them in my neighborhood. i want to support local stores. what happens when you need a craftsman tool? you have to order it on the internet. >> hertz is the latest target of billionaire activist investor carl icahn. it needs some help. >> number three, hewlett-packard. it posted its first sales increase in 12 quarters. the reason is a surge in pc sales, if you can believe it

. >>> charles riley nope at lil buck can attest to the ub tu. amassed more man 2 million views. style of dancing is known as jookin' and won him a devoted following as well as stints with madonna, cirque du soleil and the little circus ballet. let's take look at yo-yo ma with lil buc at the chinese theater for the performing arts. ♪ ♪ >>> it's hard to watch you and not look at your feet. i find myself just -- staring at your feet and looked down and saw the shoes you got on today. nice kicks there. >> thank you. air force ones. actually made by this designer named ricardo tisky, and he's a really upscale design just collaborated with this really kind of street sneaker wear. they a gift from madonna. >> from who? >> from madonna. sent them for my birthday. >> ah. how nice. [ laughter ] >> really nice. >> hey, madonna, i wear a size 12! if want to hook a negro up. size 12. i could take some of those, too. nice of madonna. >> yes. >> let me go from madonna, come back to her maybe. start with my friend yo-yo ma, who i adore. been a guest of the program many times. how did you and yo

. >> each and every ub one, they rejected or violated or both. >> israeli position is unspepable. that's because a truce is a truce. >> ben mini net benjamin netanyahu says -- no end in sight between israel and hamas, people in the bay area are expressing their rage. one was present in both san francisco and concord. >>> giving the u.s.a. to israel, you have 268 children murdered in palestine. >> ali supports israel, but because of a different source. >> when they're firing rockets, israel has to respond. and they are lose using the palestinian population as shields. >> they are freedom fighters in my midnight. yontd support violence or support what they do. and it comes from oppression and apartheid. >> and remembering the loss of civilians. back in san francisco, there are different takes on what united states citizens need to do at home. >> not funding israel. the israeli scionist government. >> they're going to standby the only true democracy. and i think they should. >> differences between governments and people until they find harmony and peace, may be difficult to reach. >>

. >>> and the european ube upon foreign ministers are holding a crisis summit on iraq. go to sue there shortly but first to jane as we heard there the sunnis may be reaching out to the new prime minister, but they have some big demands. >> reporter: they absolutely do. he is a key sunni tribal leader. he's head of the biggest tribes in iraq. but not the only sunni leader, certainly. they remain a very fashionallized group. in fact, part of his comments were to lash out against those he said were affiliated with prime minister nouri al-maliki. but he did layout the way forward if the government choose to his accept. it's a pretty tall order, though, he wants air strikes to stop. he wants the military and other security force to his withdraw. and then there is a whole host of other demands. but he did say, quite dramatically, leave it to us, and we will fight the islamic state. that is an important indication if they are right. there are many tribal leaders to cooperate with the government in that fight. sammy. >> all right, thanks so much, jane. let's go to sue in brusse

our guest is the head of emerging markets strategy at ubs.we look at the markets, they have stumbled a bit. then they kind of are covered over the last few weeks and months. we continue to drive forward. is that predicated on liquidity? >> i do not think it is predicated on that. it was a developing story on the developing markets. from the start of 2010 to the middle of 2014, markets changed dramatically. we are recovering from that. it is partly a valuations story. margin, the similar growth numbers in some of the emerging markets -- you certainly see that starting to bottom out a little bit. i think that is encouraging investors to get back in. >> fundamentals of john people back in. that might be the reason you should stay in. when a stronger dollar be bad for the emerging markets? >> without any question. a sharp move higher in the dollar is negative for the emerging markets. it just happens that so far, this move up the dollar has been relatively slow and gentle. carry,he amount of those who have had to raise interest rates -- not only

still with us is it mark burgess of ubs and mark haefele wealth management.et's start with the germany. year and a the one two year, the bond is negative. who is buying german debt with a negative yield and why? >> i can tell you we had an m last week and it was over 4 trillion and none of the cios were buying. we think it is a combination of factors outside of the main asset management area. it is focused on this fear of deflation which we have not worked through yet in europe. >> a do you share that? >> i agree. we would not be in it. it is becoming more of a concern to the central bank. with the level of overhang we have in europe, deflation is a potential killer. fall, it isues to becoming increasingly -- .> i talked about a resilience deals since then have gone a lower. everybody's talk about the potential of quantitative easing. half we got in a little bit too excited about that? change the day -- did mario draghi change the game? europes trying to warm two things was that he hinted at qe. flirting at that promise without the guarantee. i do notw would

interesting note out of ubs this morning. they are saying that best case scenario, you look at the msci china index, the best case scenario is we gain 5%-10% in the second half. you look at the preliminary hsbc , just barely above water. that is the wake-up call, they say. recover at theo 25,000 level. we were below that slightly this morning. the first half, $58 million, $70 million last year. a lot of challenges for the company backed by warren buffett. another carmaker has had its share of challenges this year. the stock is up 4%. a slight drop in earnings, yes. but citibank coming out and saying buy. price target is $37 a share. we are at $32 right now. recalls, about 15,000 vehicles. , a you look at sinopec fairly big move in what is a fairly heavily-weighted stock. 7.86 a share is where we are trading right now for sinopec. , man's best later friend and possibly employee of the year. we report on the economic value of working dogs. next, making a good connection. kong exchange tests going well. this is "asia edge." ♪ .>

art cashin joining us, head of floor operations for ubs.u told us there was significant amount of buy orders on the close, and sure enough, the dow turned positive there at the bell. >> yes, it did. in fact, shortly before people were anticipating there was over $1 billion on balance to buy. and when people saw that, there was a little short covering and people getting out of the way. kelly, ordinarily, the market on close program might add maybe 100 to 120 million shares. this one added nearly 240 million. >> wow. >> so, that gives you an idea of the size, and that's why it had such a major influence. >> art, are you surprised, especially because we were wondering earlier in the session today if people, in fact, would be coming back from their vacations, back from a quiet august, looking at the world around them and thinking they don't want exposure to equities here. are you surprised with the strength of the markets going into this long weekend? >> not entirely. as we discussed earlier, friday before a three-day weekend has a 65% to 70% u

and ube >> the military has identified lieutenant colonel maurice killed ins the pilot that f-15 crashon wednesday. he he reported an emergency and went out of radio contact. because her means under investigation. >> d.c. police need your help in ibm person of interest in a sexual assault in the mouth pleasant -- mount pleasant neighborhood. they have released this video. investigators believe the same person is behind that attack and two other sexual assaults on canyon street and park road. call police if you recognize him. and a man remains in custody after a barricade situation at the college park holiday inn. police say that man held them at bay for several hours overnight and had a gun and ammunition and threatens to harm himself. he was arrested shortly before 3:00 this morning and taken to the hospital for a mental evaluation. his motive, still unknown. on your site's 7 consumer alert -- big changes for drivers. >> and big changes for a popular clothing line. >> if you are stuck in traffic this labor day weekend, here is a little bit of good news. gas prices are down a decent ch

joining us now to look at the impact on the markets is a ubs rate strategist. good morning.ters is what you are going for. >> yes. we know there is a wide range of views. i think the minutes will be interesting in that we will get to know some more detail. but, the way mr. carney stressed that now is not the time for a rate hike, i think is telling. i think it would be hard to make that firm statement, had there been one or a couple of dissenters. >> he did say in the quarterly inflation report that there was a wide range of views on the subject of slack on the economy. that word, wide, is a different word. before, it was just a range of views. does that tell us the division might prompt one to come forward? >> i think it is telling us that there is a wide range of views on slack. but slack doesn't necessarily mean the same thing as supporting a rate hike now. >> the focus has changed to wages. >> indeed. in a little over a year, the bank of england has gone from targeting unemployment to targeting slack to targeting wages, or rather, the prospects of wage growth. before the

rris: l of alpart ortmsha sr ub i uldn'tetsteris: ny of mytuaching for t otond califorf homes and businessesopardy. that fire is burning nearly 1200 acres even reaching a nearby propane tank storage site. we'll follow your coverage on this california fire just 16 miles by the way from yosemite national park. then the latest from ferguson missouri. this morning more information is coming to light about what happened during that deadly confrontation between michael brown and officer darren wilson. we'll also have the latest on the violent protests overnight. and then we'll switch gears ndd abc news exclusive my-or swi ngn ledn't hedaht neaut asyven tlceive has as heard his early as heard his early shows like thet? rrespe korpalofficers rrpalski w grahen leened eheg dis ghream nordou cnt alo d60 inladd destinationwn.gei aie me somemaagain.aoid [ defeated] okay. hoco notam fm

. >>> head of global investment solutions at ubs global asset management is joining us here.urt. >> hi, louisa. >> how do you put markets together at the moment and how closely are you looking at the constantly unfolding geopolitical scenarios which seemingly are there for the longer item term? >> yeah. what's amazing too late of investors is that the markets keep rallying in the face of the crisis in the ukraine and the crisis in the middle east. i think a large part of that has to do with the monetary policy which has been so accommodative around the world. i think we're closer to seeing the u.s. and the u.s. start to tighten their accumulation, but it's probably going to have to go further and start xwlemth quantitative eedzing to stimulate the economies here. >> which means what? how long can we keep looking at the move that the central bank potentially could do with more support as being a good thing as opposed to it being a bad thing because we're so much farther behind the recovery scenario? >> well, i think any move that the ecb makes is good for europe. the reality s

ubs are predicting the results will be positive.an see there up know 6%. >> more importantly dominic, i think he lost his shirt. >>> welcome do the program. topic one, ladies, c.o.o.s used to be among the most powerful people, chief operating officers, operational quarterbacks if you'd like, one heartbeat away from the corner office. as you are aware of ebb, the power seems to be diminishing. >> we've seen a number of reports that that position has been on the decline. windstream, kodak and of course apple are a few more. when tim cook took over as ceo. i think in light of that we are seeing the rise of other types of chief officeringses, chief innovation officer, folks focus odd cybersecurity, so it's not just that c.o.o.s are going by the wayside. it's different positions coming in to fill it, also different multiple executives filling that position. >> julia, there's also a suggestion here that actually technology, the e-mail, for example, real-time business metrics means the c.o.eo is bet connected. >> as you mentioned technolog

and in the ubed kingdom, you have a situation where wages have not kept pace with the cost of living, and is that a danger? >> it is. what has happened in the uk over the last few years, the last two years specifically, consumer spending growth has been strong there. and what has happened, they have been able to finance that by big their savings rates down. it's spiked up after the global financial kries, and it has a way to come down, but if wages don't start growing over time, it's positive, and bringing down the savings rate is not sustainable. we have seen positive wages going forward. but that's a forecast. >> when europe came together as the euro zone, the uk has a very special relationship. they have the trade of people is and gins without having the currency. they don't have the euro. and now prime minister cameron has offered to appease, getting out of europe as a whole. >> they have an election coming up next year. prime minister cameron has pledged to bring about this memorandum by 2015 or so, so it's going to fend on politics in the next three years. but if they get out of

, equity market down 7 on the dow, and art cashin joining us again, director of floor operations of ubssaying? >> i think the market is sorting through it. i mean, it was a speech fit for a medieval philosopher. got everything but angels on the head of a pin. i think they are going to try to figure it out. initial reaction was the stock market was an odd-man out because you had the dollar rally. you had yields go up. you had gold go down. in that circumstance, ordinarily, you see slightly weaker prices. i don't think they fully sorted through what it is, and you're going to be subject to a bit more muffled volatility as we go along here. >> isn't the take away there were no policy clues in the speech? >> yeah, well, i think. you know, she basically, as they eluded to, she stuck on the idea as to whether this slack is structural or cyclical. if it's structural, then they can't do anymore about it, and their job is done to some degree, and they got to go about moving off 0. >> she's not being a strong advocate for lower for longer, balancing everything, there's a debate, having the debate

more people have been living and moving to the sub ubs, and with an economic downturn and ways in which ages are suppressed, people in the suburbs are trying to find ways to live and get buy. life in the city is often more expensive. >> how is suburban poverty different to urban poverty. >> it's more spread out. suburban poverty doesn't have social services that urban policy does. the suburban landscape is meant for people with cars. if you live in the suburb, often you have to tral to a central si for use public transportation. >> what's? >> people are stranded. they try to find ways to make ends meet. >> are people older or younger. >> it doesn't matter. some live in suburban poverty because of the housing bubble. >> what impact does it have on school? >> it impacts schools. the schools historically have middle class clientele. they have clients across the socioeconomic spectrum. >> these are people you say are stranded. they can't afford to get out. >> oftentimes they can't. the cost of the suburbs are higher. we need to think creatively about how to get resources to families. >> the

peter ubs talk to me about the divergence when you talked about the underlying commodities going down. is the bond refugees sort of discovered this yield, and we see them crowding into the market space, especially with interest rates not moving up this year, i think a lot of sort of noncore money has found its way into this group. my fear is that it's all fun and games on the way up, and a nightmare when they decide to punch the button and leave. i'm content to sit back and wait for these things to normalize. impltsds sanderson farms is one of your picks, and it's really getting killed today. are you adding to positions? >> this is one where we have written puts on it. >> jim, you get the final word. if you had to put together a list, give me two other three names you like at this juncture. >> yeah, we still think there's an opportunity in midstream and specifically in mlps. yields are still in the mid sing the digits. williams are two that we particularly like. you're getting an investment in over 70,000 miles of pipeline seattle that cross the spectrum. so i that's a great opportuni

may not show up that way, but you see ubs, by the way, that's not ubs. they all do it on swap. i reported on icahn being in there. >> right. >> and there are a lot of that. that's hedge fund money. >> right. i'm making an emergency decision, putting it in the wall of slhame. >> really? >> i have to. >> when was the last time? >> it's been a long time, but the guy is all but standing. this stock would be at 32 if he leaves. i was going to put clarence on the wall, but they beat me to it. >> took a long time. >> this guy is so wall of shame material, it's by a claim. >> speaking to shareholders, what they will come back to is questions about operations in execution and look at, for example, equipment leeszing. hertz spends that off. that did not take place until the second quarter of 2015, but look at the comparisons of their equipment leasing operation and uri and the difference in terms of performance, it is sizable, and so those critics may come back to that and say just feels like it's operationally -- forget accounting stuff and a number of things beyond their control, but o

pepsi upgraded to buy from neutral at ubs.is operating with newfound urgency and it expects continued consensus beating earnings. and candy crush maker king digital downgraded by pacific crest securities. the senter outperformed -- i'm sorry, the sector perform from senter outperform. the firm points to the upcoming lockup expiration and the stock's recent run-up. >> coming up a new week from wall street with the same global hot spots flaring up. futures are hotter. how concerned are the bulls about geopolitics? and a big win for rory and the bigger win for golf. the highlights of the pga championship coming up next half hour. ♪ ♪ over 1.2 billion eyeballs are on us during the two weeks at wimbledon. true tennis fans want to know what's happening. they don't want to just see what's happening, they want to know and understand why it's happening. anybody can just put data up, but we want to get a reaction, make it far more interactive. we rely on the cloud to provide that immersive digital capability. give fans more then just th

a few minutes before the bell, art cashin, director of floor operations at ubs.ood morning to that. in addition to the news simon told us, we have a miss on spending, right? we have euro zone, cpi barely moving, we got the u.s. calling putin a liar, and premarkets unphase. >> well, no, they are having a sigh of relief in the sense that no new shoe has dropped, and the quote-on-quote invasion appears to be limited to something under a thousand people, which is other times deemed to be advisers or special forces group, and, again, it looks like putin is trying to establish a land corridor to crimea, so the level of anxiety is lower, although we still have to chew on the news that simon put out about the terrorist level in the u.k. being advanced. that could be something to address later on friday before a three-day weekend, traditionally, 70% bias to the upside, but that's a lot to chew on. >> the 2,000 level for the s&p is a wobbly place for the market, closing above it once, slid back below, and what's the significance of it? >> well, it really on the chart is no

michael, a retail analyst at ubs, neutral rating on jcpenney, a $10 price target, improving 0 upside. lot of bullish commentary out there on jcp this morning. are you surprised by it? is it off base? >> well, they had a really good quarter this quarter. they had comp sales up 6%, and they improved growth margins by 6 00 basis points, good by any standard in the retail world. this is a situation where the stock and company will decouple because the stock ran up on the future of what they'll be doing. there are people looking for a change, and traffic is negative for a company that lost business. what does that mean? can sales keep going unless they bring in new customers? we don't have evidence on that yet. >> you know, i understand what you're saying, still lost 75 cents a share, almost $200 million. how is that a good quarter? >> it's more about where they are headed too. they brought it back. this is a company that had $20 billion in sales at one point and went down to 12 billion, coming back from a big, big hole, doing a nice job of turning the business around. they have a 400 mill

[closing bell ringing] ubs saying we may be near the end of radioshack. end of an eye can.id: they would indeed. they just opened a new one in nye neighborhood. liz: really? one in southhampton. we'll watch radioshack. as well as bells ring on wall street. a flat to lower market today although the dow jones industrials must have crossed the flat line 45 times. a lot of indecisiveness without real direction except a few concerns overseas. we look how stocks are finishing up. dow jones industrials down but not by much. down eight points. russell 2000 down 13/4 of a percent. -- 3/4 of a percent of the nasdaq down. we have so much talk about. it will help your money, we're sure of it. let's get going. "after the bell" starts right now.

how about home away recommended by ubs, they list vacation homes you can rent for short times. it's a total aggregator of a fractured market. it could be the next takeover targets as an alternative to staying at hotels. it's a natural complement. even as it is very expensive. because home away already owns the market. there is a moat around homeaway. also yelp, in the say wam it bought kayak. , the stock has acting quite funky. some believe the local advertising is slowing, there are questions brewing. i'm not so sure. i know if the stock were to go down bit, it would be snapped up by someone owning the brand that's regarded as the online yellow pages. here's another one the shorts will hate me for saying it. zillow, i know it's too high, it's been up too much. listen to me, just amalgamated the biggest source of online ads the i used to be mountain print business. you know where the money was made in prints? classifieds. you want to digit at recreate that. you add zillow to the mix. he's not going to wand to surrender yet, but i'm saying. all of these companies probably want t

came with flowers and quietly laid down flower after flower down the street which has been the hub ub of so much of the tension, just handing them out to people standing by, an effort to bring peace back to the community. for the people who were there, a moment and place to focus on mike brown and remember him and the loss of life that did happen almost two weeks ago now. christine and victor? >> stephanie elam, thank you for that. michael brown's mother says her face-to-face meeting with eric holder mattered. she told anderson cooper he promised her a fair and thorough investigation. her detractors are quick to point out he robbed a convenience store before his encounter with officer wilson. >> he was a teenager. he was growing up. he was only 18. he had a chance to make a mistake and correct it. just like the officer. he had a choice. he chose the wrong one. it wasn't necessary. my son is only 18. only 18. >> brown's parents say their son was peaceful and humble. they are calling for the arrest of officer darren wilson so they can quote, have some peace. >>> a key witness in the mic

i have to tell you, ubs put out a note recently and said they would actually pick hewlett-packard over you were interested in one or the other. that's the one. they're look at how much cash is generated? of course in 4:00 p.m., we'll get the numbers, bring them to you. an exciting one to watch, liz. liz: they're about a dollar away from the highs of 52-week high, they're 35 and annual high is $36.21. nicole, thank you for watching. you have to keep it here for full coverage of hewlett-packard's results after the bell. david asman and i will bring you the numbers the second they are available. any surprises, top of the hour, you can't miss it. dow component, widely held, it's in a lot of your portfolios. >>> now this thing on my anchor desk may only weigh three pounds. don't underestimate the capabilities of this drone. precision hawk makes that thing. it's created a drone that takes the unmanned aircraft business to the next level with artificial intelligence. in just one flight, that drone can collect all kinds of data that go way beyond what the human eye can see. you see in the cock

. >> sean, the guy that led the acquisition at ub tyoutube, woud you own the traditional media companiesc universal or a cbs, or youtube and others will be so dominant that will do away or cut into their valuations? >> yeah. i'm not a public sock pick perp challenges for me to say exactly. >> business models. forget the stocks. >> well, first i would say google doesn't think of itself as a media company, certainly youtube is an important media property or has become one over time. increasingly, for us not 20 years old, it can be difficult to almost imagine how much content is being viewed by the younger generations. and more tv shows and content developed expressly for outlets, online outlets like youtube. it you're a media company without a clear strategy how to access that audience? what are you building delivered online, tablets, via browsers, then i think you're behind the surf. so i think you have to have a strategy. that's w peo going. where viewership is going. >> david, given what you did for google in the ad business and how to monetize this whole thing, do you think facebook an

ubs went from sell to hold on a number of the big steelmakers around, and you may know the others inustria and the big copper producer in negative territory, guys. disappointed on earnings today. back to you. >> simon, telling for people looking at trading levels wondering what was it about today that pushed us there? well, this call on europe coup you part of 9 reason? >> call from jvp morgan. >> more quantitative easing. expectations are high. got to follow through. a big deal. >> always show yield going lower. people are making money on bonds. people buy treasuries for price increase. it is a winning trade, a major winning trade that continues to win. >> great reminder. simon hobbs, thank you. >>> um next, according to cisco, in three years over half the internet traffic will be video. does that make amazon the billion dollar purchase of twitch a better value? we try to answer that. >>> and burger king buying tim horton's with $3 billion in financing from warren buffett. tweet us at "squawk alley." which of the combined king/horton's named after buffett? your answers later in this