and united tech up $0.50%. >>> still ahead, the great wall of china.e'll explore that after the break. seven out of ten power outages in the us are caused by weather. but utilities can now predict where the power will go out, within a few city blocks. working with ibm they're combining micro weather forecasts with detailed data from local sensors. to predict where outages are likely to occur. and send crews exactly where they're needed, when they're needed. ibm analytics from the internet of things is making energy smarter every day. >>> these are the headlines. gold melts to lows not seen since 2010 as the markets anticipates a hike from the fed. >>> and lockheed will buy sikorsky aircraft from united technologies in an $8 billion deal. >>> and flash flood warnings in southern california as torrential rains wash out roads and sweep away bridges. >>> and our top story this morning, the price of gold has slumped to a five-year low. the precious metal is trading as much as 4% lower than the asian markets opened. but it has now appeared from losses, 1.6%.

united tech in particular following the most in 2011.erizon not helping either, another dow component coming in with disappointing numbers. not just equities, moving out of that if you take a look at the euro, the euro is coming back after four days of weakness. just off the session highs, the s&p boosted credit ratings. five days if you look at it over a longer time. . alix: we did have that monster run, we were optimistic that we might see a rate increase with a 33% chance. scarlet: of course a weaker stock market makes it look more attractive. pushing yields down as well. 8 top stories crossing the terminal at this hour, another tough quarter for ibm. we were just talking about falling revenue for the 13th quarter in a row. the ceo has been trying to overhaul ibm to be a seller of cloud computing technology and data analytics. not enough to offset declines and services and software businesses, revenue falling 35%. new york city airport workers say that they will walk off their jobs amount night, voti unanimously for the right to strik

weak results from united tech, ibm, verizon.ust two of those stocks dragging the dow down is 20 points. melissa: gold is down for the ninth straight day. the longest losing streak in almost seven years. prices hovering near five-year lows on that. david: buckle up. it will be a very busy hour as the closing bell is sounding on wall street. [closing bell ringing] melissa: while the market waits for tomorrow here is everything you need to know now. apple, microsoft, yahoo!, biggest names in tech out with earnings in moments. david: here what we can expect with numbers to watch, fox business's charles payne, host

robin is the chief investment officer of united tech knowledge is in hartford and for me and equallyt in addition to that very important job, she was appointed in 2013 by the president to the pension benefits guarantee program advisory committee and as labor secretary that had the privilege of sharing the board. i spent a lot of time with rabin and it has been a labor of love and she's educated me a lot. she chairs the pension management advisory committee which abides as the new york stock exchange and the federal reserve a new york markets group on the impact of policies and market conditions on in additional investors. as we continue to talk about the importance of state and local government and someone who spent a lot of time in state and local government we are pleased to have vicki l. the site here for the comp county board of health near atlanta. she was a 2011 white house community leader and policy issues for seniors and by the way and if i'm not mistaken for production work and having watched you already we understand why you have an enemy. i am pleased to have you. last bu

stay in the united states. tech giant apple wants to create the world's biggest music streaming service. apple music is now live. tim cook announced the subscription service and you can try it out for free. a crowd of other streaming services apple has 800 million users registered with its regular music service itunes. if apple manages to convince 10% of those users to stream music with apple, it will automatically take the lead in this fast-growing market. kristof is following this from the business desk. another streaming service? a whole lot of old names we have all heard of before. how is apple going to try to set itself apart from the competition? >> apple tries to be cheaper. if you are offering a cheaper model and service many people your family, for example. it has artists exclusively. taylor swift is only on apple music digitally. and there is another way these companies try to set themselves apart. the personal needs. if you are jogging spotify has the idea that the music you are listening to actually adap

weak results from united tech, ibm, verizon. just two of those stocks dragging the dow down is 20 points. melissa: gold is down for the ninth straight day. the longest losing streak in almost seven years. prices hovering near five-year lows on that. david: buckle up. it will be a very busy hour as the closing bell is sounding on wall street. [closing bell ringing] melissa: while the market waits for tomorrow here is everything you need to know now. apple, microsoft, yahoo!, biggest names in tech out with earnings in moments. david: here what we can expect with numbers to watch, fox business's charles payne, host of "making money." jonathan hoenig capitalist pig hedge fund founder and fox news contributor. jason rot tan, lido aisle advisors. and we have lady and gentlemen. first to you. i'm calling this super tuesday. this is huge. i don't think it is an exaggeration to say at least tens of billions of dollars of investments tomorrow will be decided based on what happens in the next hour, correct? >> hundreds of billions, hundred

look at united tech down almost 8%, folks. and it was a big morning, of course, for corporate earnings. it's going to be an even bigger afternoon on the docket. apple, microsoft and the aforementioned yahoo!. they were just talking about it. we'll get you ahead of all of the trades. mandy has gone down to the heart of the action at the new york stock exchange. hi mandy. >> it's a down day, as you said but being driven by a few stocks as you mentioned. ibm and united technologies for more than 100 points of the dow's drop. bob pisani joins us here on the floor of the stock exchange. >> we did not color coordinate ourselves. >> but it looks good. a happy coincidence. >> the important thing is if you look at ibm and united technologies, put them up for me, they are about 120 points to the drop in the dow that we're seeing today so very very unusual action, and that's why the dow is much weaker, for example, than the s&p 500. we are having a problem, again. so in the first quarter, put up what's going on with united technology and

open rebellion on the conference call between the top-notch analyst and greg hayes, the ceo of united tech. i don't know if you can hear it from your seat but certainly there's murmuring out there that something isn't quite right and it doesn't seem like the utx that we've come to know. what is your confidence level now and where you cut things? how aggressive is the forecast as it stands today and where is the soft spit in the guide still in your view? ouch! that is complete heresy. smith's response echoed that sense of resignation. he was quoted as saying good question, jeff look to say i was disappointment would be a significant understatement and after describing some acuteness, what we have tried to do today is put a stop on the down side and i think the guidance we have given for both otis and the systems group is guidance that we feel confident we can hit and i am tired for delivering bad news and we've probably been more aggressive on the down side because we don't want to overpromise and underdeliver to what i say is wow, and that's how a strock can fall 7% on the quarter and it's

look at united tech, down almost 8%, folks.big morning, of course, for corporate earnings. it's going to be an even bigger afternoon on the docket. apple, microsoft and the

united tech at the open down 9% for the week. ibm down 6%. general electric reported last week. health reported last week. down about 4 %. it's been ugly. get me out of this week. the saver has been amazon. put up the consumer discretionary. that sector is up. amazon is not a tech stock. it's a consumer discretionary stock. that's where it's list d and that's helping that whole sector and so is starbucks. here's something interesting. johnson controls is also positive. this is one of my favorite big multinational companies. car interiors, they're in many dozens of country. 60% of their revenues are outside the united states and look at the impact the dollar has. i have emphasized this but if you exclude the impact of foreign exchange their revenues were up 5% in the quarter. if you include the impact of the strong dollar, their revenues were down 2 %. these are statistically significant impacts on their revenues and earnings for multinational corporations that have been doing this for two quarters and it's been a real quarter. johnson controls sells around the world. they've bee

i'll give you a look at united tech closing down by 1.3%. >> seems like some story is ever present at the moment but maybe the focus on that will change because alcoa kicked off second quarter earnings season in the u.s. with a mixed set of results as the continues to deal with lower metal prices worldwide worldwide. let's get out to landon. >> good morning. a slight rise in second quarter profit helped by growth in the auto and aerospace markets that narrowly made up for the global aluminum glut that keeps a lid on prices. the first major u.s. company to post results posting earnings of 19 cents a share. revenue rising 1% to 5.9 billion which beat forecasts of 5.8 billion. they have fallen more than 10% this year as china floods the global markets with aluminum steel and other exports. they have a major factor behind the plunge in prices. they're doubling the forecast for the surplus this year as beijing hasn't cut output as much as expected. >> china is going from a high growth economy to a medium high growth economy. the leadership is taking actions around this and i think we're se

. >>> lockheed martin buying united tech's helicopter business sikorsky for $9 billion.ax benefits will drop the actual price down to $7.1 billion. >>> egg producer cal-maine posting weaker than expected earnings. >>> a sign of the booming airline industry. boeing out with new forecast saying nearly 1.2 million new eye lots and technicians will be needed over the next 20 years. >>> mandy, a big alzheimer's conference is going on right now down in washington. a lot of progress has been made in the fight against the disease but where do we stand and how do some of these new drugs work? >> reporter: first, put alzheimer's into perspective. in the united states 5.3 million people are currently living with the disease and that number is expected to triple by 2050 according to the alzheimer's association. as baby boomers age the problem will just get bigger. 28 million baby boomers will develop alzheimer's between now and mid century. currently it is the sixth leading cause of death here in the u.s. so drug development is extremely crucial. but people are more optimistic than

we asked him if united and stock exchange tech issues could be connected, and if such cases are unique. >> what seems to have happened with the trading on the stock market, it's an anomaly that has happened before in the 2010. there was an incident called the flash crash. that's what it's known as now. it happened in may. it was the result of lots of different high velocity trading algorithms each trying to compete with one another in incredibly small amount of time to outtrade one another. and the result was about 1,000 valuation points on the dow lost in a very short amount of time that lasted about 36 minutes. what happened today with united seems to be very different. that is the result with the computing system, nothing that would have affected the operation of the planes. but because of different laws and requirements when your reservation system goes down, you are forced to issue a stoppage alert. as a result of that you saw activity from united. it's an issue with the reservation system but made it little possible to bravely make sure that those who were on the "do not fly list

noah valley that is 15 percent of the bus activity in the city so will the south bay tech workers occupy the new units and when will the city reverse being a bedroom community for silicon valley i have no father in this community for the desire for the projections that are out there because in noah valley you know we've got 25 commuter buses an hour going up and down 24th street street and parking you are going to remove the parking spaces anticipate have to plant a tree regarding this and noah valley families rely on the automobile for the children to school thank you. >> will or while the next speaker comes up richard allen. >> good afternoon, commissioners lisa president of the liability hill association that encompass district 8 and 9 but district 89 i want to reiterate what mr. web from will telegraph hill said we got in notice the first time was today so there's been no outreach whatsoever in district 8 i'll reiterate his suggestion that you take this avenue of calendar until we get a handle on what's going on and discuss that amongst the residents and then come back when we can have sufficient

. >>> back to normal after a tech melt town at united airlines, new york stock exchange and wall street journal. >> there are still questions on how it happened to three major businesses all in the same day. "eyewitness news" reporter jan carabao is live at philadelphia international airport with the aftermath of those glitches, jan. >> reporter: nicole and erika good morning. so far here at philadelphia international airport there is only one united airlines flight this has been canceled. so as for as we are going in philly, we are okay what a difference a day makes when a computer system went down yesterday morning this check in area was pennsylvania packed with people with nothing to do but wait. their flights were delayed until that system could get backup. so nationwide the scene was even worse. from los angeles where long lines stretched well past the airport terminal to idaho over to chicago's o'hare, and here at philadelphia international, crowds of united airlines passengers waited and wondered why they couldn't get on to their flights. >> internet was down so in one could chec

a tech trifecta. >> united airlines grounding flights, new york stock exchange halting trading, and thel street journal website crashing. all within just hours of each other. >> officials quick to insist it was all a big coincidence. not everyone is so sure. kristin fisher has more for us. >> the obama administration says it appears these events were not connected. both the new york stock exchange and united airlines say they did not experience a cyberbreach. the timing looks suspicious. first, united airlines grounded all flights worldwide for over an hour due to a computer problem. then the wall street journal's website went down. around the same time the new york stock exchange shut down for three hours because of a technical outage. it was an unprecedented trading halt. yesterday, the homeland security secretary said there was no evidence these three events were connected or malicious. >> it appears from what we know at this stage that the malfunctions at unite and stock exchange were not the result of any nefarious actor. >> the same goes for united airlines and new york stock exch

did not know he was actually communicating with a detective from a prosecutor's office high tech crimes uniting those on line chat. investigators say that he drove to mt. laurel to meet the mother and daughter. he was instead greeted by police. he is a delivery truck driver and active volunteer with the stratford fire department. jailed tonight with $75,000 bond and no 10% option. >> baby inflatable crib swept out to sea. how the ten month old ended up surrounded by water and the dramatic effort to save her. >> family thrilled to find out the loss dog that's been missing for four years was found, but it quickly turned to heartache. how a missed call could derail their happy reunion. >> and, less than month now after their front man broke his leg the foo fighters coming to town. we have the inside scoop on what local fans can expect when dave groll hit the >> little rock i there incredible sounds of the phillies pops, america's largest stands alone pops orchestra playing for free, patriotic concert over at independents park tonight, all part of welcome america celebration color guards helped

honored with rally and a parade and the unique new honor for the world champion united states women's soccer team. >> the major tech company launches a new program for working moms and how they will be able to provide their babies with necessities from miles away. >> stay tuned. >> "sports illustrated" is honoring the women's songer team in an unprecedented way. the magazine is publishing 25 different covers this week. one for each player, one for the cope and a group shot. the group shot will be sent to the subscribers at home. "sports illustrated" said they each citizen their own effort. the shoot took place at "good morning america" studios and hit the stands tomorrow. >> espn is showing why they decided to give caitlyn jenner a most coveted award. they announced jenner was a trans gender woman who receive the the arthur reward. and they say this is given to someone in the sports community who has done something that transcends sports and they believe that is what jenner has done. >> steph curry is nominated for best male athlete and warriors are nominated in five categories and this is time, still for you to vo

. >>> after yesterday's tech melt down united airlines, it went back in the air.tock market is back opened. wall street journalist back on line. >> thank goodness. >> "eyewitness news" reporter jan carabao is live at philadelphia international airport with more on that, a big mess, um jan. >> reporter: nicole and erika a big mess yesterday but for most part this morning operations are backup and normal. departure board behind me saying all flights for the most part are flying out of here on time but this certainly is a different site when the computer system went down yesterday morning this whole area was pack with people with nothing to do but to wait. their flights were delayed until that system could get backup and running. still nationwide its even worse. from los angeles where a long line stretched well past the airport terminal to idaho over to chicago's o'hare, and here in philadelphia international airport. crowds of united airlines passengers waited and wondered why they could not get on their flight. >> i guess the internet server was done so no one coul

your local news on "cbs this morning," we'll talk with cnet about our tech vulnerabilities following the glitch on wall street and unitedirlines. plus former virginia senator jim webb joins us in studio 57 for his first interview after announcing he's running for president. >>> and "glee"ing ator matthew morrison tells us his turn on broadway. >>> plus captain jack spare row took time to visit children at a hospital on tuesday. actor johnny depp showdown up in full costume and surprised young fans and spent a few hours with them. depp is in australia filming the latest installment of "pirates of the caribbean." that is the "cbs morning news" for this thursday. thanks for watching. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com >>> we will begin with breaking news south carolina's state house votes to remove the confederate flag, lawmakers met in the early morning hours, we are live with reaction and also, word on exactly when that flag will finally come down. >>> good morning it is thursday july 9th i'm erika von tiehl. >>> i'm nicole brewer. more on our breaking news but first katie is tr

your local news on "cbs this morning," we'll talk with cnet about our tech vulnerabilities following the glitch on wall street and united>> plus former virginia senator jim webb joins us in studio 57 for his first interview after announcing he's running for president. >>> and "glee" actor matthew morrison tells us his turn on broadway. >>> plus captain jack sparrow took time from his swashbuckling to visit children at a hospital on tuesday. actor johnny depp showdown up in full costume and surprised young fans and spent a few hours with them. depp is in australia filming the latest installment of "pirates of the caribbean." that is the "cbs morning news" for this thursday. thanks for watching. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com >>> good morning. we start with a live look at doyle drive. a little foggy and drizzly start to your thursday. it's july 9. i'm maria medina. >> i'm brian hackney. frank is off this week. i think you pointed out it's 4:29, didn't you? >> not yet. >> i can't remember. it was a long time ago. [ laughter ] >> you know, it was a delightful amount of rain com

. >>> going hi-tech to protect k-9 units, targeting hard-working dogs risking their lives every day. here's tools to keep them safe. the sheriff's department demonstrated the skills yesterday. new bullet proof vests for dogs and coming up this weekend a fundraiser to equip those other k-9 units. the money raised will buy those vests and special first aid kits and heat sensors for police cars in case the air conditioning fails while the officer is away. >> it triggers an alarm. it rolls down the window of the car, turns on the fan and alerts the handler via page. >> as we mentioned pet food express holding the fundraiser this weekend. so wash your dog at any bay area location and every cent they raise will help a police dog. >> governor brown gave cheerleaders basic rights as other employees. pro teams are to hire cheerleaders as employees than contractors. some of the raiders cheerleaders filed a lawsuit and said wages were too low and had to pay for their own travel. now that there's foster farms simply raised, it's tougher than ever to be a foster farms chicken. but foster farms si

tech failures paralyzed two of america's biggest icons in finance and travel today. a computer glitch froze trading at the new york stock exchange for hours. >> pam: and a faulty router. grounded united airlines' flights around the world. on the media side. the wall street journal website also went down. >> pam: the companies say. this was not the work of hackers. but the coincidence of two major tech failures within hours of each other. has experts asking, was it more than coincidence? >> pam:in the wake of the tech glitches, about 200- million fewer trades than normal , were made on the new york stock exchange. >> pam:we wanted to know how today's glitch could affect you as an investor. we checked with our financial expert rob black. about whether you should be concerned. >> pam: a backlog of passengers along airplane applied for a grounded. shut down operations to the u.s. carrier for hours. >> were checking in and told that it was canceled. we are taking it as it goes. >> pam: >> reporter: the problem is when happens is chaos because of how big the airline entered passengers have connecting flights as well. for hours it could be a delay glinka the entire system. >> the malfunctio

>> tech know where technology meets humanity... only on al jazeera america >> the unitedtes is changing the way it operates in space. territory that was once largely monopolized by nasa has slowly been ceded to the private sector. >> like all good corporations, these companies are armed with slick promotional videos. and their excellent pr machines are generating hours of airtime, >> well i think we could probably send the first person in about 12 years.

and there were other tech problems too that shut down united airlines and the "wall street journal's" website. government officials insist it wasn't cyberattacks and they were unrelated. >> in my business you don't love coincidences but it doesn't appear there was cyber attack involved. >>> chemistry, biology and physics are intimidating subjects in school but a summer camp in the bay area is teaching kids even before they start school that science can be fun. the mad science summer camp is our "cool school" of the week. >> what do you know about robots? >> reporter: at this summ camp in san jose, mad scientists run the camp. this -- >> hook, smash, oh!! >> reporter: -- is mad scientist energetic rick. >> the mad science camp is all about one thing. it's about getting the kids excited about science. >> reporter: mad science in the bay area has been around for years teaching kids as young as four to love science by blending education with entertainment. >> so here we are. >> reporter: this class if you haven't caught on is about robots. >> all kids know what a robot is. >> reporter: bu

tech names by apple, microsoft yahoo. that was following poor results of ibm and united technologies losing $65 billion in profit value. they apple sold fewer iphones than expected and won't say how many watches they sold. fcc and justice department signaling they'll approve the deal with some conditions. it would create the largest paid tv provider. egg mcmuffin lovers rejoice. wall street journal reports mcdonald's could offer all day break fast nationwide. i'm loving it. >> i'll give feedback. sounds pretty good. thank you. >>> here's proof your car is vulnerable to a remote hacker. >>> and the cdc study onteenage girls is alarming. that's straight ahead. [meow mix jingle slowly and quietly plucks] right on cue. [cat meows] ♪meow, meow, meow, meow...♪ it's more than just a meal it's meow mix mealtime. with great taste and 100% complete nutrition, it's the only one cats ask for by name. ♪ ♪ ♪ it took serena williams years to master the two handed backhand. but only one shot to master the chase mobile app. technology designed for you. so you can easily master the way you bank. are you moving forward fast enough? every

the new york stock exchange calling it a technical issue, united airlines blaming a faulty router. with the confluence of tech failures in one day one hours of each other, a bizarre coincidence, to say the least. . for nearly four hours, the new york stock exchange was at a halt. a technical computer glitch forcing the suspension of trades on the big board. it's unclear this hour how much money may have been lost but in the end, the dow was down over 200 points. in the travel world, from california to chicago, a backlog of passengers stuck on long airport lines, while all of united airlines' flights were grounded. >> well they have a systemwide ground stop due to a computer outage. >> reporter: a systemwide failure shut down operations for the major u.s. carrier for hours as well. >> we were checking in and basically was told that the flight was canceled so they started rerouting us. >> we're just taking it as it goes. >> more than 800 flights delayed, another 59 canceled. agents were forced to issue handwritten tickets. >> the problem is when it happens at giant airline, you can get chaos the kind we saw thi

. >> we talked with the dearth of high tech talent here in the united states. rd about how hard that is to hire the right people. how problematic is that in your industry? >> it's a massive problem in the tech industry. there is infinite number of jobs like well exceeding supply in all the technology companies. you see that in terms of what goes on in terms of salary compensation wage inflation. all new techniques for hiring. it's a serious thing. mark zuckerberg and i are doing forward dot u.s. because solving the immigration problem is important for all of us. it's a critical problem to figure out how to get more tech people in government to build the right technological systems for the government. >> immigration a key part of that. >> let me pick up on a point our john fortt was making. some of the performance of these tech companies, the best performing ones hasn't been that strong. are you starting to tell executives to get more conservative? are you doing so yourself here? do you think it's possible that the excitement the money flowing around has peaked?

tech names including apple, microsoft, yahoo!. nearly 200 points tuesday, hurt by poor results from united technologies. data on home sales and earnings from going and coca-cola. the nasdaq slipping ten points to 5208. >>> apple i big stock to watch. profits beat wall street's forecast, sold more than 47 million iphones with a big surge from china but far less than expected. apple won't say how many watches it sold, apple losing $60 billion in market value in after-hours trading. >>> egg mcmuffin lovers rejoice. you may be soon order your breakfast after 10:30 a.m. mcdonald's could offer all-daybreak fast nationwide. estimate october, following positive feedback in test markets. also testing other concepts as it tries to boost sagging sales, these include custom burgers and healthy options such as breakfast bowls made with kale and spinach. sign me up. >> kale from mek docdonald's, it sure. >>> the city of san francisco answering to the pope's call for action on global client change. the municipal fleet switching from petroleum diesel to renewable diesel midyear. mayor ed lee made that announcement yest

tech companies have started as well. the housing and income inequality issue are separate. you set a goal of thousand, one third of them -- 30,000 unitsthem for low income. >> when you look at tech industry leaders, what do you think their role should be in conversations? >> i think the first thing is that tech industry leaders have the ability to educate and inform civic leaders about important issues. a lot of these civic leaders don't see the things that we see coming. they are getting ahead of these issues in the way they should be. they don't care about them enough. if the tech industry can say here's what you can do in your schools, europe things you can do about ubiquitous broadband here are things you can do about trent rotation, -- transportation housing. at least local governments might start to make more enlightened investments and create more enlightened policies. the most important thing is getting into the conversation and educating them. >> when you look at new york city's workforce and you think about how the scale of the tech industry changes, it's quite fast. every year there are different linkages you need to know.

tech companies have started as well. the housing and income inequality issue are separate. you set a goal of thousand, one third of them -- 30,000 unitsne third of them for low income. >> when you look at tech industry leaders, what do you think their role should be in conversations? >> i think the first thing is that tech industry leaders have the ability to educate and inform civic leaders about important issues. a lot of these civic leaders don't see the things that we see coming. they are getting ahead of these issues in the way they should be. they don't care about them enough. if the tech industry can say here's what you can do in your schools, europe things you can do about ubiquitous broadband here are things you can do about trent rotation, -- transportation housing. at least local governments might start to make more enlightened investments and create more enlightened policies. the most important thing is getting into the conversation and educating them. >> when you look at new york city's workforce and you think about how the scale of the tech industry changes, it's quite fast. every year there are different linkages you ne

>> after the tech problems with the "wall street journal," with united airlines and with the new york stock exchange it certainly makes you wonder. i've been investigating those all week. we haven't anything to connect the dots to those ones. even though it definitely looks suspicious it makes you wonder it doesn't look like anything like that. you also have to remember lots of people whether it's digital producers for cnn or campaign workers, under these presidential candidates are using third party apps many of the time. so it could be one of these third party apps. presidential candidates are not perfect and neither is the technology they use. >> so what's the lesson here for everybody? in circumstances like this? this is just kind of the latest example of an inadvertent or unintentional message being sent out. but does this mean this really could happen to just about anyone? anyone? >> it happens to all of us quite frankly from time to time. lists of bad tweets that have been sent out, everything from anthony weiner to this this certainly is low on the list. but you have to hand i

i would simply point out i added up the totals of the market cap of the top five tech companies in the unitedtes right now. do you know what the number is? it's over $2 trillion. >> apple and google are big ones. >> you throw in facebook, amazon and microsoft and you're well over $2 trillion. throw in a few more like ibm, intel, well over $2.5 trillion. my point is these are well-run companies generating a lot of profits. things are good. you are paying for it when you buy the stocks. i'm going to end up being proven wrong. apple stock is not going to double in the next year. it's i not going to be a $1.5 trillion company. >> because it's so big. >> it's big. these are big companies with big market caps. the danger for the market is not that it's ridiculously expensive, but you are trading in a range because people are realizing you are at the top level of the range. >> i didn't realize you were married to ruth porat. >> i am not. >> unfortunately. she is having a good day. >> the newmark family had a good week. >> you are right. there is a group of stocks that have it's a crowded trade, no q

it came after united airlines had to ground flights worldwide also due to a tech nickal glitch as well. u.s. homeland security said they were not related or the result of any sort of hack. >>> train workers on are strike for the london underground over a new pay deal that will start in september. the trains shut down wednesday evening. they are expected to start running on friday morning. >>> european creditors for another bailout. details are due in the next few hours. the three-year plan is expected to attack pension reforms as well. banks will be closed until monday with a 60 euro a day limit on atm withdrawals. chinese regular laters are trying to stop the market slide there. there have been wild swings but today more positive news in the markets. they are all over the place. >> very volatile. >> although stocks have moved in to positive territory, there are major concerns about what this says about the world's second largest economy. >> david mckenzie looks at the potential impact. >> reporter: some say the bubble has burst. some say it is a stock market crash. how bad is the epic

street journal" report reports apple asked its suppliers for 90 million units combined of two new models by the end of the year. the techf newi phone i-phones to meet demand. wifi in the sky installing a faster wifi to allow passengers to use netflix and why 99 air and it will go into 10 millionaire craft in september and be on select flights to hawaii early next year. >>> mothikemike -- microsoft is cutting thousands of jobs again from the struggling phone business cut cutting jobs last year and they said they will not stop making smartphones. >> in hale news we told you more people are turning from pain kill others to heroin and we laernced who is actually abuseing this drug. >> and more in the health and wellness report. >> a remarkable new study says body posture may affect your think thinking. the university of pittsburgh and waterloo in canada focused on stability, a term of early and abstract meanings and says our bodies can be physically stable or be wobbling and so can our intimate relationships. they found volunteers who wobbled on one leg felt their relationships were unstable and less likely to last than tho

this is the second biggest tech stock in the world, certainly in the united states. we are going to see the tailwinds spilling into asia. here in europe, it has tailwinds as well. the fact that apple is seen as the most lucrative business in the entire world, that is going to have ramifications. 78% of its sales come from apple. francine: it will have ramifications. we are expecting news from yahoo!. are we looking for more de-mergers? paul: with yahoo!, the story is, they've done a wonderful job monetizing their asian assets. hopefully that gets favorable tax treatment. they have a big investment in yahoo! japan. the problem with yahoo! is, their core advertising business is showing no growth. investors are concerned about that. internet ad spending is a grower every year, yet yahoo! shows no growth. francine: thank you so much. caroline hyde and paul sweeney. francine: manus: that brings us to our twitter question of the day. this takes us to the point. there you go. is the tech rally on relevant link? -- is the tech rally unraveling? francine: paul disagrees. manu

tech. >> to read more about virtual kidnapping go to our website. tomorrow the final part of our series looks the at changing policy of the united states government when it comes to hostage negotiation. >> i had family members hit by that ransom ware where they say we'll get rid of your data unless you pay us. >>> that does it for nightly business report i'm sue herrera, thank you for joining us. >> we'll see you back here tomorrow night. >> if i had a secret as to how you could stop yourself from aging badly and actually turn the clock around and feel younger, wouldn't you like to know it? i'm miranda esmonde-white, and i'm going to share that secret with you today. >> miranda esmonde-white is host of the long-running public television fitness show "classical stretch" and author of the book "aging backwards." miranda has been training professional athletes since creating her own fitness technique 15 years ago. >> as i've aged, and i'm now 78 my body feels like i'm, i don't know, 60. >> people are always commenting on how fit i look, and i say

tech. >> to read more about virtual kidnapping go to our website. tomorrow the final part of our series looks the at changing policy of the united states gove ument when it comes to hostage negotiation. >> i had family members hit by that ransom ware where they say we'll get rid of your data unless you pay us. >>> that does it for nightly business report i'm sue herrera, thank you for joining us. >> we'll see you back here tomorrow night. >> announcer: the following kqed production was produced in high definition. ♪ >>> calories, calories, calories! >> wow, it rocked my world! >> it just kind of reminded me of boot camp. >> i don't know what you had but what i had was great. >> it almost felt like country club food to me. >> don't touch. it's hot! >> i gotta tell you, you people are getting me all e

united states that meant clinging to a policy that was not working. >> critics like new jersey democrat robert mendoza be menendez called it a mistake. but the white house sees benefits. not only for american agriculture, tech and tourism but the u.s. reputation across latin america where its cuba policy nurtured long standing fest resentment. most have known only suspicion of the united states. >> cuban government civil society and ordinary cubans that are reaching for abetter life. >> even if they had the votes or will to stop them, the cube ans cubans will raise the be flag, july 20th and over havana just a couple of days after that. >> with mike, thank you. for expiems exiled, this is hard to sell. melissa chan is incomes little havana. melissamelissa. >> reporter: their opinion is not going to change just because president obama has made this change. for decades they have believed in the embargo but having said all that the cuban american community is starting to change just a little. two angry men. the only protesters in little havana's favorite cafe after presidentpresident obama's announcement of the opening of reciprocal embassies. but it was business as usual at cafe versailles. many of the regula

. >>> massive tech problems grip the country, trading at the new york stock exchange halted. united airlines flights grounded. coincidence? or attacks? a chinese offensive, perhaps anonymous. perhaps just a snafu. >>> what does a shark photobomb ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast

. >>> massive tech problems grip the country, trading at the new york stock exchange halted. united airlines flights grounded. coincidence? or attacks? a chinese offensive, perhaps anonymous. perhaps just a snafu. >>> what does a shark photobomb look like? this is the place to find out. we show you here next. stay with us. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? ♪ your body was made for better things than the pain, stiffness and joint damage of moderate to severe rheumatoid arthritis. before you and your rheumatologist decide on a biologic ask if xe

unit. these are their stories. what do we got? dead victim. head bashed in. privates exposed. techouth and we thought of you. was she a resident of the building? he. we've i.d.'d him as seth langdon. he lived in the building on the sixth floor. nice two bedroom, but he lived alone as far as we can tell. looks like this is where it went down. this guy didn't die quietly. somebody must've heard something. they did. it was a loud party in the building in 3-b. pretty ironic ending, don't you think?

united airlines blaming it on a faulty rueter and we still don't know the cause of the "wall street journal's" computer problems but the confluence of tech failures in one day within hours of each other, a strange coincidence, to say the least. from california to chicago, a backlog of passengers stuck on long airport lines while all of united airlines' flights were grounded. >> how long is that wait? >> well they have a systemwide ground stop due to a computer outage. >> reporter: a systemwide computer failure shut down operations for the major u.s. carrier for hours. in all, more than 800 united flights around the world grounded as agents were forced to issue hand-written tickets. >> the problem is when it happens at a giant align like united you can get the kind of chaos we saw. >> sometimes passengers have a matter of minutes to catch their flights. when flights are held that can cascade through the entire system. >> reporter: just hours later trading came to a halt at the new york stock exchange as a separate computer system failed. at the offices of the "wall street journal," the home page stopped functioning, though that site is no

united airlines grounding all flights thanks to computer problems. the big question, what's causing the techroblems? related or weird coincidence in the fox business network adam shapiro joins us. adam? >> everyone wants to think if it's related. according to the government it's just weird coincidence that came at an untimely warning. we the sell off in china. we had the first outage of the computers greta was the united airlines situation which they are now saying was faulty wiring, essentially, a router which failed and then tied up the system is. they were down for about two hours. but just as they were getting back in the air because of the ground halt, you had the new york stock exchange come to a halt around 11:30, will also. they were down two and a half hours. what we were told from the new york stock exchange this was a problem with upgrade to their computer system and that's all it was there was no cyber attack, according to the fbi. there is no indication that it was any kind of coordinated attack to cause the airline and the stock exchange to grind to a halt. >> how do they know

the tech giant planning to eliminate 7800 jobs this year after the company said it would lay off 18,000 employees. microsoft taking a $7.6 billion write-down on its nokia handset unitmonths after the finnish company was acquired. how do that changes fit into the ceos restructuring plan. we are joined by skype from seattle. we have daniel ives and brett taylor, ceo of quip. your company competes with microsoft. what is he doing here? is this conceding the smartphone war, we lost very at >> i also thought the acquisition was weird. the microsoft legacy was about making software. buying a hardware maker was an awkward market position to be in. they were an apple, android. i don't think it fit into the new ceo's vision. a lot of us on the outside expected this to come. the biggest shock was why they did it by their mapping division. this isn't surprising to me. it's consistent with the new focused on software and services as a primary part of microsoft. emily: we are getting details. steve ballmer wanted it. bill gates argued against it. what do you think of the bold move that he is making. is he moving in the right direction. is he undoing some of the mistakes that mi