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Closing Bell : CNBC : August 31, 2016 3:00pm-5:01pm EDT
better whatyou sa money uel.his? ed reduce emiio.icient. and you thout we just made the gas. whatyenergy livesere.his? ed reduce emiio.icient. hthis badoy is a mobile trading that i can ke my trading platfo wherer i go. yoknow that thinkorswim amlessly syn acrsy tradall your devices, right? oh, so my cuom studies will go with me? anhere wanto go! the market hot!uom studies will go with me? syncncr atrm on an devi with thinkorswim. >>> welcome back to the "closing bell." united lower today but still up over the past week. that's in the wake of united hiring airlines president scott kirby as present executive immediately. jim cramer speaking exclusively with oscar munos. he asked whether zika had any impact on his business. >> the miami thing has been a little concerning but contained. and we are doing a lot of decontamination of aircraft to make sure. but we hope it doesn't spread. >> traffic down those routes? >> have you brazil and olympics, but central america has been relatively soft over some time, not necessarily zika oriented. >> be sure to watch the full interview ton
better whatyou sa money uel.his? ed reduce emiio.icient. and you thout we just made the gas. whatyenergy livesere.his? ed reduce emiio.icient. hthis badoy is a mobile trading that i can ke my trading platfo wherer i go. yoknow that thinkorswim amlessly syn acrsy tradall your devices, right? oh, so my cuom studies will go with me? anhere wanto go! the market hot!uom studies will go with me? syncncr atrm on an devi with thinkorswim. >>> welcome back to the "closing bell."...
Power Lunch : CNBC : August 31, 2016 1:00pm-3:01pm EDT
clean burng natul gas. my job? rning gainto bioel du eneportin develing world. car thess. fuergy liv here.usty madehe g. >>> welcome back venture capitalists. they invested more than $2 billion in space-related start-ups last year, another $200 million so far this year. one of the most popular so far in san francisco is based plant. josh lipton got a personal tour of the company and joins us now with more on planet, josh. >> brian, when you talk to vcs investing in space start-ups, they'll tell you satellite builders are some of the ones that excite them the most. that's where planet comes in. they build small eight-pound satellites to orbit earth and capture images of the entire globe. the satellites, or doves as they're called, are flown by companies like spacex to the international space station. from there astronauts gather the satellites and send them into orbit. right now some 60 doves circle the earth. >> each satellite comes down taking a strip of imagery, and the next one takes a strip just next to it because the earth is rotating, so it ends up being a scanner for the earth
clean burng natul gas. my job? rning gainto bioel du eneportin develing world. car thess. fuergy liv here.usty madehe g. >>> welcome back venture capitalists. they invested more than $2 billion in space-related start-ups last year, another $200 million so far this year. one of the most popular so far in san francisco is based plant. josh lipton got a personal tour of the company and joins us now with more on planet, josh. >> brian, when you talk to vcs investing in space...
Squawk on the Street : CNBC : August 31, 2016 9:00am-11:01am EDT
took out the 50 level that one day. >> i'm sure we'll get to more on oil and gas a bit later in the program. our road map starts with the last trading day of august, that's today. it's been a flat month. things could be ramping up in september. apple's $14.5 billion tax bill from the european commission is stirring up a lot of global concerns. we're going to take a look at what may be far reaching ripple effects and the punches being thrown by one ceo of an irish company. and donald trump set to meet with the president of mexico today ahead of his highly anticipated speech on immigration. the state of global trade, what may hang in the balance, certainly worth discussing. >>> with two days to go before the key employment report data from adp shows the private sector added 177,000 jobs this month. as we enter the final trading day of august, the s&p and the dow, clinging to gains for this month while the nasdaq is up a little more than 1%, both the other averages as you see barely. could change. does it matter what august is up or down as we head into september. >> only because somet
took out the 50 level that one day. >> i'm sure we'll get to more on oil and gas a bit later in the program. our road map starts with the last trading day of august, that's today. it's been a flat month. things could be ramping up in september. apple's $14.5 billion tax bill from the european commission is stirring up a lot of global concerns. we're going to take a look at what may be far reaching ripple effects and the punches being thrown by one ceo of an irish company. and donald...
Squawk Box : CNBC : August 31, 2016 6:00am-9:01am EDT
negative on energy stocks if you don't think they're going to hike? >> well, natural gas is okay, but crude oil and the refined products have a glut. there's more people in the northern hemisphere than the southern hemisphere. what happens after labor day, worldwide demand will drop off. and the glut will be out of control. it's worse than it was last year. it's worse than it's been the last ten years. >> so you think a big correction in those stocks or you're just not buying them? >> absolutely. those have been the market leaders this year. and they don't have the earnings and the sales to sustain it. we had dividend cuts in e the first quarter. 84% were from dividends and energy. i'm worried that people have confused seasonal strength with real strength. and so, you know, it's not going to end well. oil always goes up in march and goes down in september. we'll just see where the low's going to be. we don't know if it's 32 or 28. we just don't know. but we do know that prices are going to drop in september. we'll see how it hurts the companies. >> louis, can you make a broader call o
negative on energy stocks if you don't think they're going to hike? >> well, natural gas is okay, but crude oil and the refined products have a glut. there's more people in the northern hemisphere than the southern hemisphere. what happens after labor day, worldwide demand will drop off. and the glut will be out of control. it's worse than it was last year. it's worse than it's been the last ten years. >> so you think a big correction in those stocks or you're just not buying them?...
Worldwide Exchange : CNBC : August 31, 2016 5:00am-6:01am EDT
wholesale clubs. and 3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. the cash rewards credit card from bank of america. hey, jesse. who are you? i'm vern, the orange money retirement rabbit from voya. orange money represents the money you put away for retirement. over time, your money could multiply. hello, all of you. get organized at voya.com. >>> seeing a mixed picture. dow down 11 points. nasdaq down 4. s&p barely positive. the big economic data point will be the read on private sector jobs. the adp report out in the 8:00 a.m. eastern hour thchlt is the last trading day of the month. the month is pretty much flat for the s&p and the dow barely positive. see if august can be another month in a row of gains. the nasdaq firmly up for the month. up more than 1%. quickly show you currencies. the dollar has made a move higher over the last week or so. that's driven a lot of trading action on wall street. still higher against the yen. above 103. at a one month high there
wholesale clubs. and 3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. the cash rewards credit card from bank of america. hey, jesse. who are you? i'm vern, the orange money retirement rabbit from voya. orange money represents the money you put away for retirement. over time, your money could multiply. hello, all of you. get organized at voya.com. >>> seeing a mixed picture....
efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> shares of potash rising and agrium. the producers would have a combined market cap of $28 billion. they're battling for crop prices amid a glut of supply. >> big moves there. >>> let's check out other movers today. abercrombie & fitch plans to close as many as 60 u.s. stores as the leases expire this fiscal year. they say flagship and tourist locations continue to account for the majority of its sales decline. those shares are down just over 20% and dsw falling today. down more than 10% despite quarterly revenue. comp sales fell 1.2% less than expected and that's the first back to back quarterly sales decline since 2009. analysts say cash reserves at the shoe retailer practically cut in half over the past year and investors clearly upset there. >> absolutely. >>> boeing today, the industrial giant
efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> shares of potash rising and agrium. the producers would have a combined market cap of $28 billion. they're battling for crop prices amid a glut of supply. >> big moves there. >>> let's...
emissions. and you thought we just made the gas. energy lives here. >>> there's no deal between mondelez and hershey in a statement late yesterday, mondelez says, following additional discussions -- and by the way, those sdediscussions w between the ceo of monday lease, and irene rosenfeld. after the release, i'm taking taking into account recent shareholder developments, we determined there is no actionable path forward towards an agreement. you can see hershey shares are going to be down over 10% and mondelez is going to be up about 3%. jim this was always a tough one from the start. >> because of the trust, the presence of the hershey trust which controls hershey, 80% of the vote, 34% of the economics. but as i reported in that first day, there had been months of back and forth between rosenfeld. i always had the question as to well, when it was rejected, so forcefully that 107 bid that was made initially by monday leelem they never get around in discussioni discussing the perceptions bilbry had, versus what mondelez was having to pay? you can tell you people familiar with th
emissions. and you thought we just made the gas. energy lives here. >>> there's no deal between mondelez and hershey in a statement late yesterday, mondelez says, following additional discussions -- and by the way, those sdediscussions w between the ceo of monday lease, and irene rosenfeld. after the release, i'm taking taking into account recent shareholder developments, we determined there is no actionable path forward towards an agreement. you can see hershey shares are going to be...
gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with les fueling the global economy. and you thought we just made t gas. ♪ energy lives here. that's why a cutting edgeworld. university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans. and why a leading car brand counts on us to keep their dealer network streamlined and nimble. businesses count on communication, and communication counts on centurylink. >>> welcome back to "squawk box" on cnbc first in business worldwide. had been more positive. you would think apple has something to do with that. new this morning, european union ruling against apple's tax arrangement with ireland. paid almost no tax and asking ireland to recoup $14.5 billion in unpaid taxes. apple is going to appeal the decision and julia chattily are join us with more in a few minutes. >>> struggled amid the rise of giants like amazon, but smaller players need to st
gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with les fueling the global economy. and you thought we just made t gas. ♪ energy lives here. that's why a cutting edgeworld. university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans. and why a leading car brand counts on us to keep their dealer...
% back at grocery stores and now at wholesale clubs. an3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. >>> welcome back to "world wide exchange" and good morning. looks like the gains are set to continue for u.s. stocks after the s&p 500 had itself best day yesterday in three weeks on the lowest volume day of the year. dow futures up 25. s&p up 2 points. nasdaq up l. it is gaining this morning after more than 1% selloff yesterday. energy stocks did well during the session. wti 47.42. brent the international benchmark up a percent as well. seeing oil gaining along with the u.s. dollar this morning. seeing the opposite over the last few sessions. keep an eye on that into the wall street open. >>> we will. right into politics. election day. not the big one. primaries in several affected by the presidential campaign. tracie potts joins us from washington with all the details. >> reporter: good morning. good morning everyone. let's start with the campaigns. both of them this morni
% back at grocery stores and now at wholesale clubs. an3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. >>> welcome back to "world wide exchange" and good morning. looks like the gains are set to continue for u.s. stocks after the s&p 500 had itself best day yesterday in three weeks on the lowest volume day of the year. dow futures up 25. s&p up 2 points....
malaria. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. with this level of engineering... it's a performance machine. with this degree of intelligence... it's a supercomputer. with this grade of protection... it's a fortress. and with this standard of luxury... it's an oasis. introducing the completely redesigned e-class. it's everything you need it to be... and more. lease the e300 for $549 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> hello everyone. i'm sue herera. here's your cnbc news update for this hour. a false report of gunshots that sent panic travelers fleeing from los angeles international airport last night came right after officers with weapons drawn detained a man dressed as zoro. he was possibly carrying a sword. the scare shut down three terminals and delayed about 280 flights
malaria. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. with this level of engineering... it's a performance machine. with this degree of intelligence... it's a supercomputer. with this grade of protection... it's a fortress. and with this...
Squawk Alley : CNBC : August 29, 2016 11:00am-12:01pm EDT
here sooner than you think i mean gas is 221 a gallon. what is it to get people to buy these things? >> in 2016 the rate at which people are buying electric cars is almost up. they actually doubled from 2015. there's 1 in 100 vehicles right now despite low gas prices so number one there's a lot of demand people have under estimated that's unprecedented. and really they want the vehicles and want the convenience of charging up at home. overall there's competition from tesla and we can't underestimate the importance of regulation so we have fuel standards coming in 2025. the world economic forum issued a report that says the only way auto makers will meet these emission standards all around the world is if in the u. s. 10% of new electric vehicles are electric. so that's an increase from today in four years so you have regulations driving it. you do have a class of consumers interested in it. probably the mainstream adopters are not interested in it yet but if they start seeing charging stations pop up at the grocery store, at work, et cetera, the lower fuel cost and maintenance, if y
here sooner than you think i mean gas is 221 a gallon. what is it to get people to buy these things? >> in 2016 the rate at which people are buying electric cars is almost up. they actually doubled from 2015. there's 1 in 100 vehicles right now despite low gas prices so number one there's a lot of demand people have under estimated that's unprecedented. and really they want the vehicles and want the convenience of charging up at home. overall there's competition from tesla and we can't...
. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> a startup is taking on the industry. wants to redefine mealtime for -- natural power bar to help dogs refuel. the company recently launching in kroger and petsmart. joining us is christina guerr o guerrero, founder and ceo. appeared on shark tank last year to strike a deal with damon john. now on track to hit a million dollars in sales this year. >> hopefully. fingers crossed. >> how do you decide this is what dogs needed? there weren't enough snacks and you needed to -- >> i'm an avid outdoorsman. i get outdoors a lot. i'm in the back country, hiking. now i'm a mom. i'm always with my dogs. new generation, i grew up, my dogs were stay at home pets. now they're always out with me. what i found when i was out, i had a real hard time remembering dog food, kind of bringing a
. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> a startup is taking on the industry. wants to redefine mealtime for -- natural power bar to help dogs refuel. the company recently launching in kroger and petsmart. joining us is...
wholesale clubs. and 3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. the cash rewards credit card from bank of america. like having something your fit you, just right, thank you randall. every stitch and seam of your home insurance, tailored to fit you and your budget. with unique feates, like claim free rewards... ohh! customized home protection extra features all at an affordable price! i'm going to live in this. in means getting more from your home insurance with an expert allstate agent. it's good to be in, good hands. >>> good morning. the dollar strengthens following interest rate reassurance from the feds. >> trading this week on wall street. >>> kweezing out every drop of lemonade. beyonce brings down the house at the vmas and makes her queen status official. >>> it's monday, august 29th, 2016, you're watching "worldwide exchange." >>> good morning. welcome back to worldwide exchange on c nx. i'm sara eisen. welcome back to wilfred frost after a week of vacati
wholesale clubs. and 3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. the cash rewards credit card from bank of america. like having something your fit you, just right, thank you randall. every stitch and seam of your home insurance, tailored to fit you and your budget. with unique feates, like claim free rewards... ohh! customized home protection extra features all at an affordable...
less. ing the global economy and you thought we jusss. the gas. ♪ energy l here. >>> welcome back. shares of st. medical closed higher today after the company refuted muddy waters' claims that the devices are vulnerable based on a report of security firm medsec. we had the interview last hour. the stock halted ahead of it and minutes before the company disputed the hacking findings and did manage to close in the green. >>> mylan under fire for hiking the price of the life saving epipen drug. the next guest said parents should be demanding for. he's calling for the u.s. patent office to be held accountable for an unjustified monopoly. he's the founder of a firm of evaluation of intangible product and a data provider. david martin joins us now on the news line. welcome. >> thank you. >> explain where you think the federal government dropped the billion. >> listen. the epipen technology was invented back in the 1970s and it was invented largely for military applications to make sure that emergency kind of m.a.s.h.-level readiness ready for soldiers and battlefield environments so the
less. ing the global economy and you thought we jusss. the gas. ♪ energy l here. >>> welcome back. shares of st. medical closed higher today after the company refuted muddy waters' claims that the devices are vulnerable based on a report of security firm medsec. we had the interview last hour. the stock halted ahead of it and minutes before the company disputed the hacking findings and did manage to close in the green. >>> mylan under fire for hiking the price of the life...
gas emissions. that's technology that's traveling down into the engine. cummins has actually developed a truck -- or line of truck, engines specifically focused on these new regulations and increasing fuel efficiency and cutting those emissions. we're sitting inside one of these trucks with a cummins engine right now. and actually sitting beside me is a driver who has 1.7 million miles under her belt. might i note it's a female driver. rock on, women. back over to you. >> cool. >> hey, morgan, can you ask her how many gears that has? i'm curious. seriously. >> reporter: the anchors want to know how many gears this has? >> ten. >> reporter: ten gears. >> a ten-speed. how does that compare to the trucks of five, ten years ago? it's got to be much, much better to drive. >> reporter: how does this compare to the trucks of five or ten years ago? they think -- they assume it must be much easier and much better to drive. >> it's really amazing. the transition between the shifting of the gears is so smooth. the automated transmissions have come a long way. i have driven a manual sinc
gas emissions. that's technology that's traveling down into the engine. cummins has actually developed a truck -- or line of truck, engines specifically focused on these new regulations and increasing fuel efficiency and cutting those emissions. we're sitting inside one of these trucks with a cummins engine right now. and actually sitting beside me is a driver who has 1.7 million miles under her belt. might i note it's a female driver. rock on, women. back over to you. >> cool. >>...
charged the swimmer with filing a false robbery support from the incident at the gas station in rio. lochte will be able to decide whether to introduce a defense in brazil. police are sending the indictment to the international olympic committee's ethics commission but not all bad news, he has picked up a new sponsor, four others dropped him, his previous only four sponsors, but pine brothers throat drops says lochte should be forgiven and appear in ads that say the company's cough drops are forgiving for your throat. >> that's pretty good. >> here we are talking about it. >> no one heard of prin brothins and now they have. >> only once a year is it national dog day. cherish your dogs, cherish them. they're the reason all dogs go to heaven because they could never -- they could never deliberately commit a sin. i know this for a fact. they're amazing. celebrate the day celebrates all breeds whether poor or mixed that encourages awareness of the number of dogs that need to be rescued each year. hopefully fewer and fewer don't get rescued because they're man's best friend, someone once
charged the swimmer with filing a false robbery support from the incident at the gas station in rio. lochte will be able to decide whether to introduce a defense in brazil. police are sending the indictment to the international olympic committee's ethics commission but not all bad news, he has picked up a new sponsor, four others dropped him, his previous only four sponsors, but pine brothers throat drops says lochte should be forgiven and appear in ads that say the company's cough drops are...
down a 1%. nat gas at multiweek high yesterday. giving a little back in mornings. about a percent. >> as for the u.s. dollar ahead of janet yellen and jackson hole, we've seen a softer dollar across the board. starting with the euro in the middle there. 1.1286 stronger again. the pound stronger after better consumer conferred data continues to point to strength post-brexit vote in somewhat of a surprise for the uk. dollar weaker against the japanese yen. that's stronger yen of course focus all week long remain above the technically important 100 level. as for gold which is important to watch, ahead of yellen: there has been selling of gold this week. minors have gotten hit. >> you think you would be catching a bit this morning. >> and here we are on the back of the stronger dollar. to the tune of .30%. >> 1328 last trade for gold. >>> moving on, janet yellen could command the bulk and i say that -- of course it will. the bulk of the market's attention today. few other items of note on the agenda leading up to the main event. first of all, we're going to get the second revision of
down a 1%. nat gas at multiweek high yesterday. giving a little back in mornings. about a percent. >> as for the u.s. dollar ahead of janet yellen and jackson hole, we've seen a softer dollar across the board. starting with the euro in the middle there. 1.1286 stronger again. the pound stronger after better consumer conferred data continues to point to strength post-brexit vote in somewhat of a surprise for the uk. dollar weaker against the japanese yen. that's stronger yen of course...
communicating clearly, and concisely, they're the ones that jump on the gas and do all the work. >> may i add, she loves calling more for -- more speed. there's never any doubt when she tries get more out of us, it's there. in her voice. it is in her energy and it's amazing. >> she never says take it easy? you got this? >> not at all. as soon as we cross the finish line, didn't tell us we finished. we kept going. >> i was celebrating. >> it's an education of what you have been up to. congratulations on everything. we hope it continues. >> thank you. >> good luck ringing the bell. >> thank you. >> we have to let you go. >> yesterday, this week, there was a little bit of a fail up there. no pressure. >> broke the gavel. >> no pressure. >> don't break the gavel. it happened once this week. >> really? >> yep, yep. pressure's on. i think you can handle it of all people. thank you again for joining us. >> thank you so much. >>> we've got just about ten minutes to go into that bell. the dow still down 35. s&p down 3 1/2 today. transports down 55. pressure broadly across the markets. >>> janet yellen
communicating clearly, and concisely, they're the ones that jump on the gas and do all the work. >> may i add, she loves calling more for -- more speed. there's never any doubt when she tries get more out of us, it's there. in her voice. it is in her energy and it's amazing. >> she never says take it easy? you got this? >> not at all. as soon as we cross the finish line, didn't tell us we finished. we kept going. >> i was celebrating. >> it's an education of what...
have 14 sent cents higher. brent up. gas is just below 150. >> among today's top stories, we're not going to talk about business right now. the death toll reaching 247. rescue efforts continue there following a 6.2 magnitude earthquake that hit 100 northeast of rome. many survivors slept outside overnight for fear unstable buildings could collapse. back here in the u.s., cleanup efforts underway in indiana after tornados tore through yesterday. crews with the national weather service say winds meeched 165 miles per hour. closed streets to nonemergency vehicles and cell phone captured starbucks collapsing with people trapped inside. they managed to survive. >>> we have weekly jobless claims. july durable goods orders comes out at 8:30 a.m. claims holds steady. that will be around 265,000. demand for durable goods forecast to rise. following a drop of 4% in june. as for earnings today, we have get met tronic reporting results. along with dollar general, dollar tree and testiiffany's. we are going to hear from game stop. we're going to hear from the ceo of mylan on the epipen debate. >
have 14 sent cents higher. brent up. gas is just below 150. >> among today's top stories, we're not going to talk about business right now. the death toll reaching 247. rescue efforts continue there following a 6.2 magnitude earthquake that hit 100 northeast of rome. many survivors slept outside overnight for fear unstable buildings could collapse. back here in the u.s., cleanup efforts underway in indiana after tornados tore through yesterday. crews with the national weather service say...
barely and nat gas under pressure as well. the dollar is stronger. has been stronger lately. it's weaker against the euro this morning. 112.81. >> and the british pound backing up a bit, but still above 132. as for gold, keep an eye on this. gold got hammered yesterday and so did a lot of gold minors. bouncing back a bit. unchanged this morning. that will be key to watch if janet yellen does imply the economy is strong enough to look at interest rates. >> that's going to be a key battleground with regard to what fed policy. >> desperate for direction i would say. >> many are. >> >>> well, a pair of economic reports top today's agenda. first you have weekly jobless claims. and durable goods. claims expected to hold steady around that 255,000 mark. demand for durable goods are forecast to rise more than 3% in july following a drop of 4% in june. the caveat there, durable goods always seen as a volatile indicator on a data point basis. as for the earnings picture, met tronic posts results. along with dollar general and dollar tree and tiffany. after we close, we hear from game stop as well.
barely and nat gas under pressure as well. the dollar is stronger. has been stronger lately. it's weaker against the euro this morning. 112.81. >> and the british pound backing up a bit, but still above 132. as for gold, keep an eye on this. gold got hammered yesterday and so did a lot of gold minors. bouncing back a bit. unchanged this morning. that will be key to watch if janet yellen does imply the economy is strong enough to look at interest rates. >> that's going to be a key...
. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. well right now all our new plans come with no data overages. ...we'll finally be in control... and we're back... introducing new at&t plans with no data overage charges. the first stock index ♪ (musicwas createdughout) over 100 years ago as a benchmark for average. yet many people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? it's time to bench the benchmarks. >>> dow down 56, nasdaq worst performer down 41 point and outrage grows about the epi pen auto injectors. about 11.5% over the past week. here is what white house press secretary josh earnest did have to say about an hour
. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. well right now all our new plans come with no data overages. ...we'll finally be in control... and we're back... introducing new at&t plans with no data overage charges. the first stock...
. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> i'm melissa lee. here's what's on the "power lunch" menu this hour. mylan shares taking a hit again. just in the past hour senate lawmakers taking aim demanding information about mylan's epipen price hikes. and presidential candidate hillary clinton calling the price increases quote/unquote, outrageous. we got the very latest ahead. clinton versus trump, our cnbc fed survey making an unprecedented call in presidential politics. and are kids getting too much homework? is it really making them smarter? the second hour of "power lunch" begins right now. >>> hey, i'm michelle caruso-cabrera. let's get you a check on the markets. two hours until the closing bell. marks are lower but trading in a narrower range. they're not lower by much. today could mark the 33rd day in a row that the s&
. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> i'm melissa lee. here's what's on the "power lunch" menu this hour. mylan shares taking a hit again. just in the past hour senate lawmakers taking aim demanding...
malaria. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> stocks looking to add to yesterday's gains as investors eye janet yellen's speech on friday. and steve reese shares three stock strategies as we head into fall. plus dunkin' chairman and ceo nigel travis on the consumer coffee prices and, yes, doughnuts. >>> donald trump doubling down on his call for a special prosecutors to investigate hillary clinton's e-mails as he gets ready to win florida. eric trump joins us to talk about his father's run for the white house and the future of the trump organization. >>> breaking news overnight. a strong earthquake strikes central italy collapsing homes, destroying buildings. we'll get you the latest from italy in and ongoing rescue efforts as the second hour of "squawk box" begins right now. >>> live from the beating heart of busine
malaria. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> stocks looking to add to yesterday's gains as investors eye janet yellen's speech on friday. and steve reese shares three stock strategies as we head into fall. plus dunkin'...
under pressure as well as natural gas. >> it's been a roller coast r ride. they've been drifting lower, spike high. >> every day there's a different feeling about whether opec producers are going to freeze production. >> some traders say another day, another opec rumor or some kind of a story about whether there's going to be a production freeze. >> one factor that's been driving oil higher at least in the last week or so has been the weaker dollar. that's turned around this morning. let's show you the currency trade. we mentioned a stronger dollar. that is against the euro. back below 1.13. 1.1287. dollar is weak eer against the japanese yen. just a turn around. th the pound stronger against the u.s. dollar. >> still holding steady. right above the 100 mark of the dollar yen. >> important level to watch sdwl i've got a big yen piece coming out later this morning. i haven't written a piece about foreign exchange in a while. everybody has been asking me where this currency is going. it's one of the best performing of the year and the yen, dom is rising at the same time as the vix. that
under pressure as well as natural gas. >> it's been a roller coast r ride. they've been drifting lower, spike high. >> every day there's a different feeling about whether opec producers are going to freeze production. >> some traders say another day, another opec rumor or some kind of a story about whether there's going to be a production freeze. >> one factor that's been driving oil higher at least in the last week or so has been the weaker dollar. that's turned around...
Street Signs : CNBC : August 24, 2016 4:00am-5:01am EDT
prices. oil and gas has been the real story of the week. watching moves in the oil price. we did get another boost just near in the session yesterday. we will have more details on the ongoing talks. speculation that iran would be willing to get in talk of peck freeze. more coming up in the chose. oil and gas off about 0.3%. speaking of iran, they have told opec members it will attend talks set for september. the one line statement sent the kcar cartel's agreement. perhaps it can be reached. meantime, iraq's prime minster says his country has resumed pumping crude from oil fields. via a pipeline to turkey. this process allows the extraction of gas while avoiding damage to reservoirs. >> joining us around the desk is peter head trader and managing director. pierre, it's good to see you. >> good morning. >> so much to talk about despite it being the last week of august. first and foreman, letskand for about the oil situation. others saying this is still much to do about nothing. >> definitely the latter. i think one thing they didn't bother showing up for the meeting that was earlier th
prices. oil and gas has been the real story of the week. watching moves in the oil price. we did get another boost just near in the session yesterday. we will have more details on the ongoing talks. speculation that iran would be willing to get in talk of peck freeze. more coming up in the chose. oil and gas off about 0.3%. speaking of iran, they have told opec members it will attend talks set for september. the one line statement sent the kcar cartel's agreement. perhaps it can be reached....
use less fuel. helping you save money and reduce emissions. and you thought we just made the gas. energy lives here. >>> tesla stock up on anticipation of a product announcement. some investors cautious because of its enormous cash outlays. building battery factory and ramp up production. not only company burning through cash. our next guest says this isn't necessarily a bad thing. >> joining us now is aswath damodaran, professor. mr. dean valuation on set for us. cash is king. what are you saying here? >> it is eventually. if you make it a centerpiece for investing, you never invest in a young growth company. it's like having kids and complaining that the kids are teenagers not acting in a mature way. it is the nature of the beast. >> maybe complaining that they eat too much and you have to force them to pay for their food so they can grow. right? so how do you tell a company, a young company, that's using its cash intelligently, building value for the long term and those that aren't? >> i wish i had a precise way of doing it but you have to look at a multitude of things. look a
use less fuel. helping you save money and reduce emissions. and you thought we just made the gas. energy lives here. >>> tesla stock up on anticipation of a product announcement. some investors cautious because of its enormous cash outlays. building battery factory and ramp up production. not only company burning through cash. our next guest says this isn't necessarily a bad thing. >> joining us now is aswath damodaran, professor. mr. dean valuation on set for us. cash is king....
more money to spend, and you have lower gas prices. so that induces people to do a bit more driving. and finally, this is the most troubling part about all this, social media behind the wheel it is increasing especially with teen drivers. the national safety council surveyed more than 1,000 teen drivers. they found that 43% would text and drive. and 21%, one out of five teen drivers have said, you know what, i'm good with video chatting while i'm behind the wheel. stunning statistics. and i've seen it myself. i think we've all seen it where people are using their phones. it's the social media component of this, guys, that is particularly troubling. any distraction behind the wheel is not good. we're not saying that some is better than others, but the social media aspect of this that's the new part of the equation that worries the people at the national safety council as well as regulators around the country. >> all right, phil, stick around as we bring in debra hershman. happy to have you here. as phil points out, driving is up because the economy is better, 3.3% increase in miles d
more money to spend, and you have lower gas prices. so that induces people to do a bit more driving. and finally, this is the most troubling part about all this, social media behind the wheel it is increasing especially with teen drivers. the national safety council surveyed more than 1,000 teen drivers. they found that 43% would text and drive. and 21%, one out of five teen drivers have said, you know what, i'm good with video chatting while i'm behind the wheel. stunning statistics. and i've...
you save money and reduce emissions. and you thought we just made the gas. energy lives here. >>> you're watching cnbc's "squawk on the street" live from the financial xhal of the world. the opening bell in about two minutes on this tuesday where dollar continues to surprise us every morning. you are never really sure when you walk in the door. >> china last year at this time, really bad. we were worried about worldwide crisis. now it's wow, bad day, good day, bad day. seven straight months if august finishes up. >> yeah. that dow going for the only january losing month for the year. >> reminds us when you think that so goes january, so goes nothing. >> no. >> we have to get rid of the -- they don't make us money. >> what do you make of the eurozone, flash pmis? >> i saw that. i said, oh my god, let me check the pmi and post-brexit. didn't everybody stop? casi no! they're cooking with gas over there. erin burnett enter deuced many e to this. it's a building block of manufacturing and talk about europe leading them. europe. europe is back. we don't talk about it enough. we oug
you save money and reduce emissions. and you thought we just made the gas. energy lives here. >>> you're watching cnbc's "squawk on the street" live from the financial xhal of the world. the opening bell in about two minutes on this tuesday where dollar continues to surprise us every morning. you are never really sure when you walk in the door. >> china last year at this time, really bad. we were worried about worldwide crisis. now it's wow, bad day, good day, bad day....
natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> welcome back to "squawk." a little news for you. north korea seems to be at the forefront of some amazing technological advances. north korea's state broadcaster korea central television is now introducing a roku-esque set top box that will allow those to have documentary films about the kick family dynasty. saying, quote, if a viewer wants to watch an animal movie and sends a request to the equipment, it will show it to the viewer. it explained how they can search through listings and replay favorite broadcasts. unfortunately only a few thousand people will get this because they have to be approved by the government. so in case they haven't heard of something called netflix, welcome to the world, people. this is a ridiculous story. but north korea making a big deal of it so we're pretending to make quite a big deal out of it. >> going to tur
natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> welcome back to "squawk." a little news for you. north korea seems to be at the forefront of some amazing technological advances. north korea's state broadcaster korea central television is now introducing a roku-esque set top box...
. and 3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. the cash rewards credit card from bank of america. real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there's only one place where real and amazing live. book a seaworld vacation package and eat free. nordson. >>> welcome back to "world wide exchange." if you're just waking up, let's get you on the speed . showing gains on the board for now. up .20 for the dow jones future. up about 28 -- >> as for the oil picture, certainly a focus again. given what's happening with that market. wti crude now below $47 a barrel. that's off by over 1%. ice brent crude futures down below 49 now. 48 .67 the last trade there. off by about 1% as well. now, remember goldman sachs is warning the recovery in oil prices is, quote, unquote, fragile. recoverying the energy story from london for us and steve, i
. and 3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. the cash rewards credit card from bank of america. real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there's only one place where real and amazing live. book a seaworld vacation package and eat...
goods, industrials and banks all holding firm. oil and gas a lot of focus on this one as we look at the pull back in wti overnight. the worst performance in three weeks. in fact you can see wti now off by nearly .80%. >> this was the focus on in the u.s. session. a loss for wti. energy stocks under pressure. the second lowest volume day yesterday all year. gold m goldman put out a note. saying they're more worried about a thaw than a freeze here in terms of oil. if you look at the countries the largest source of disruption, they say any one of these coming inline could tip the balance for supply. >> still saying fragile when it comes to recovery. >> yes. >>> euro zone top three leaders who are merkel, of course, and renzi and hollande. we're talking obviously on the blocks future despite the shock decision to exit the union two months ago. in a symbolic show of unity aboard the carrier, called for a closer cooperation among members and for the end to pop list politics. renzi told reporters despite the brexit vote, the european project was not dead. >> >> translator: many thought aft
goods, industrials and banks all holding firm. oil and gas a lot of focus on this one as we look at the pull back in wti overnight. the worst performance in three weeks. in fact you can see wti now off by nearly .80%. >> this was the focus on in the u.s. session. a loss for wti. energy stocks under pressure. the second lowest volume day yesterday all year. gold m goldman put out a note. saying they're more worried about a thaw than a freeze here in terms of oil. if you look at the...
efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. [indistinct conversations] man: looking for these? you drive buzzed, it could be one very expensive ride. first you got to make bail. then pay me to get your car back. your insurance premiums will go through the roof. and my legal fees just keep adding up. all told, it could end up costing you $10,000. [siren in distance] announcer: buzzed, busted, and broke. because buzzed driving is drunk driving. this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision.
efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. [indistinct conversations] man: looking for these? you drive buzzed, it could be one very expensive ride. first you got to make bail. then pay me to get your car back. your insurance premiums will go through the...
, very fractionally. nat gas surging more than 3% pacing for its best day since july 28, brian. >>> all right, tyler, also in the headlines this hour sin general ta shares up 10%. the u.s. national security panel okaying che okaying chem china $43 billion takeover clearing the way for the biggest foreign acquisition ever by a chinese firm. also today, shares of facebook higher, over the weekend barron's opining facebook shares could rise another 20% from year. and are retail investors finally getting bullish on the stock market? according to bank of america, merrill lynch, asset flows data last two weeks have seen the highest level of inflows into equity funds this year. melissa, let's hope it's not a buy high, sell low situation. >> we will see. i'm melissa lee. for more on the stock market today, let's get to bob pisani at the new york stock exchange. >> hello, melissa, choppy, indeterminate action. let me show you the s&p 500 today. we opened down 10 points, but within an hour we moved suddenly very quickly up 10 points. and an hour later we moved down 10 points. you see those arrows
, very fractionally. nat gas surging more than 3% pacing for its best day since july 28, brian. >>> all right, tyler, also in the headlines this hour sin general ta shares up 10%. the u.s. national security panel okaying che okaying chem china $43 billion takeover clearing the way for the biggest foreign acquisition ever by a chinese firm. also today, shares of facebook higher, over the weekend barron's opining facebook shares could rise another 20% from year. and are retail investors...
here but retail gas prices are up slightly. the lundberg survey the national average at $2.17. we've seen a 20% move in wti prices in the last two weeks alone. a little lag effect before that catches up at the pump. meantime the dollar index has been a large part of this trade, trading just over 94. it's relatively flat and calm today. so that may not move things around too much but that's been one of the reasons that we've seen support. of course once the contract does roll over, traders are going to be looking for wti to hit that $50 mark. we'll be watching as well. back to you. >> jackie, thank you very much. we'll get stop trading with jim after a break and today at noon on the halftime, core vec's keith meister a lot on the agenda including his battle with williams. we're back in a minute. watson, let's review the electronic medical record of the next patient.. no problem. it's a pretty huge file. done. sorry for the wait. that was quick. as part of our research, i also compared lab results with notes about prior treatments, then cross referenced it with thousands of medical jou
here but retail gas prices are up slightly. the lundberg survey the national average at $2.17. we've seen a 20% move in wti prices in the last two weeks alone. a little lag effect before that catches up at the pump. meantime the dollar index has been a large part of this trade, trading just over 94. it's relatively flat and calm today. so that may not move things around too much but that's been one of the reasons that we've seen support. of course once the contract does roll over, traders are...
. >> thank you, gentleman. >> when we come back, gas prices ticking up for the first time in nine weeks. we'll take a close look at the market. >>> and we're sad to announce that the chairman of traveller's, died. and a position in the dow 30 component. last august fishman announced he had had been diing a esaing agn and resigned. jay fishman was 63. could do to our economy.iont if we don't solve our debt problem 19 trillion and growing money for programs like education will shrink. in just 8 years, interest on the debt will be our third largest federal program. bad news for small businesses. the good news? there's still time for a solution. ask the candidates for a plan to secure our future. whmade plastics that tmake them lighter?rs the lubricants that improved fuel economy. even technology to make engines more efficient. what company does all this? exxonmobil, that's who. we're working on all these things to make cars better and use less fuel. helping you save money and reduce emissions. and you thought we just made the gas. energy lives here. what powers the digital world? communica
. >> thank you, gentleman. >> when we come back, gas prices ticking up for the first time in nine weeks. we'll take a close look at the market. >>> and we're sad to announce that the chairman of traveller's, died. and a position in the dow 30 component. last august fishman announced he had had been diing a esaing agn and resigned. jay fishman was 63. could do to our economy.iont if we don't solve our debt problem 19 trillion and growing money for programs like education...
. also gas sliding as well. gold pricing let's check in on it since we are awaiting jackson hole. janet yellen clear when she talks about september being on the table when it comes to interest rate hike. gold pricing telling us 1338 an ounce. >> gold prices with currencies. let's show that as well. currency always a big part of the story. euro you can see down lower, 112.98. last trade. dollar yen 100. pound, dollar weaker against pound, 13106 what will cost to buy a pound sterling in the market. tomorrow look for july home sales followed by existing home sales on wednesday. thursday jobless claims and durable goods number for july. on friday it's the second estimate on second quarter gdp as well as final report on august consumer sentiment. the big item to watch this week also comes on friday. it's fed chair janet yellen's speech kansas city fed symposium in jackson hole wyoming. lighter week overall. best buy, toll brothers, tiffany, all those on the calendar reporting this week. we're in the waning part of the season. >> federal reserve said bank close to hitting target for full empl
. also gas sliding as well. gold pricing let's check in on it since we are awaiting jackson hole. janet yellen clear when she talks about september being on the table when it comes to interest rate hike. gold pricing telling us 1338 an ounce. >> gold prices with currencies. let's show that as well. currency always a big part of the story. euro you can see down lower, 112.98. last trade. dollar yen 100. pound, dollar weaker against pound, 13106 what will cost to buy a pound sterling in the...
bad behavior in an incident at a gas station in rio de janeiro last weekend. andrew ross sorkin is in rio with the latest. andrew? >> reporter: thanks. thanks, kelly. that apology came in the form of an instagram post. issuing a statement on that social media platform but already the apology is not receiving the reaction he may have hoped for. all over instagram and twitter users calling the apology a non-apology, specifically pointing to some language in the statement seemed to excuse the behavior he was apologizing for. lochte wrote, the following, it is traumatic to be out late with your friends in a foreign country with the language barrier and have a stranger point a gun at you and demand money to let you leave. a spokesman for the ioc said 8 million people were on twitter complaining and he said it's clear the population felt humiliated. the ioc spokesman said, i think the brazilian population will accept his apology and we want to put this matter to an end. as for the other swimmers involved this saga, gun mar bentz and jack colgan have returned and the other will pay $10,00
bad behavior in an incident at a gas station in rio de janeiro last weekend. andrew ross sorkin is in rio with the latest. andrew? >> reporter: thanks. thanks, kelly. that apology came in the form of an instagram post. issuing a statement on that social media platform but already the apology is not receiving the reaction he may have hoped for. all over instagram and twitter users calling the apology a non-apology, specifically pointing to some language in the statement seemed to excuse...
burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. and programmers i teach them to talk.es, so yeah, ge is digital and industrial. so it's indigital. digidustrial. indigenous. shhhh... let's go with digital industrial. for now. digidustrial. yeah. or, digital industrial. >>> welcome back to "power lunch." i'm melissa lee. time for a friday edition of the good, the bad and the ugly. first to the good, obviously that would be foot locker up 10% on an earnings beat and 4.7% jump in same-store sales. foot locker in fact the best performer in the s&p 500 right now. on to the bad, not too bad, it's down almost 1%, the lxe, the etf that tracks energy stocks in the red led by southwestern energy. diamond offshore to the downside. and it is an ugly day for davita health care, worst performer on the s&p 500 at this hour down almost by 5%, ty. >>> thank you very much. still ahead, more on the
burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. and programmers i teach them to talk.es, so yeah, ge is digital and industrial. so it's indigital. digidustrial. indigenous. shhhh... let's go with digital industrial. for now. digidustrial. yeah. or, digital industrial. >>> welcome back...
vandalism on a gas station. now the u.s. oc apologized to the country of brazil for the actions of the for athletes saying the following in a statement. it said that behavior of these athletes is not acceptable nor does it represent the values of team usa or the conduct of the vast majority of its members. it continued to stay we will further review the matter and any potential consequences for the athletes when we return to the united states. it went on to say, and this was important, for the people locally here, on behalf of the united states and olympic committee we apologize to our hosts in rio and the people of brazil for this distracting ordeal in the midst of what should rightly be a celebration of excellence. bringing to close what has been quite a soap opra, guys, but we should mention as part of this two of the swimmers involved, gunnar bentz and jack conger taken off the flight home, we talked about it u.s., the u.s. late wednesday had their passports returned to them by brazilian officials after providing statements to the police. they left rio last night. ryan lochte h
vandalism on a gas station. now the u.s. oc apologized to the country of brazil for the actions of the for athletes saying the following in a statement. it said that behavior of these athletes is not acceptable nor does it represent the values of team usa or the conduct of the vast majority of its members. it continued to stay we will further review the matter and any potential consequences for the athletes when we return to the united states. it went on to say, and this was important, for the...
yesterday. saying there was no robbery. it was a fabrication and actually a act on vandalism on a gas station. now two of the swimmers involved in this, gunnar bentz and jack conger who had been taken off their flights wednesday, had their passports returned after providing statements to police. the two left rio last night. ryan lochte had returned home while the fourth team member, and this is an interesting new piece of news, reached an agreement with authorities and he will be allowed to go home from here after he pays $11,000 to a charity here in brazil. in response the u.s. oc which had been supporting the teammates thus far issued a statement overnight t. behavior of the athletes is not acceptable, nor does it represent the values of team usa or the conduct of the vast majority of its members. we will further review the matter and any potential consequences for the athletes when we return to the united states. it went on to say and this is the important part for people here in rio, on behalf of the united states olympic committee, we apologize to our host rio and the people of b
yesterday. saying there was no robbery. it was a fabrication and actually a act on vandalism on a gas station. now two of the swimmers involved in this, gunnar bentz and jack conger who had been taken off their flights wednesday, had their passports returned after providing statements to police. the two left rio last night. ryan lochte had returned home while the fourth team member, and this is an interesting new piece of news, reached an agreement with authorities and he will be allowed to go...
security guards after damaging a gas station restroom. in a written statement, the united states olympic committee apologized to the host country and said the behavior of these athletes is not acceptable anymore does it represent the values of team usa. >> and there's the gun. >> reporter: now to the games where usain bolt dashed to his second gold in rio. while the americans continue their amazing medal run. ashton eaton with second consecutive gold in the decathlon. the first american woman ever to win the event. ryan set a new olympic record in the shot put winning gold. joined on the podium by teammate joe who took silver. >> it was a special emotional and historic moment for wrestler as she becomes the first american ever to win a gold medal in women's free style wrestling. >> reporter: we tried to show you some of the behind the scene things here. through that i've groan to get an attachment to this city, the country t wonderful people here and i think the way do that is you got to get in their skin. if you'll indulge he, today is our final farewell. i've tried. i've tried
security guards after damaging a gas station restroom. in a written statement, the united states olympic committee apologized to the host country and said the behavior of these athletes is not acceptable anymore does it represent the values of team usa. >> and there's the gun. >> reporter: now to the games where usain bolt dashed to his second gold in rio. while the americans continue their amazing medal run. ashton eaton with second consecutive gold in the decathlon. the first...
damaged this gas station bathroom, breaking amir error and a a soap dispenser. this footage shows the swimmers rooefing a party. the swimmers then say they go into a taxi. by 6:06 a.m. they're at this gas station. this video shows them near the bathroom when an attendant walks up, they run out. brazilian officials say the swimmers tried to leave and the station called police. at 60:09096:09, a man approache cab. appearing to point a gun at the car for nine seconds. three minutes later the swimmers get out. another puts his hands up. at 6:56 a.m. the four men arrive back at the athlete village. both the video and police account are inconsistent with what ryan lochte told the today's show billy bush on sunday. >> we got pulled over in our taxi and the guy pulled out his gun, he cocked it, put it to my forehead, said get down. i put my hand up. i was like whatever. >> when lochte spoke to matt lawyer, he changed some of the details. as for the gun, you said before it was placed on your forehead and cocked. he said no, that's not exactly what happened. police say two security guards point
damaged this gas station bathroom, breaking amir error and a a soap dispenser. this footage shows the swimmers rooefing a party. the swimmers then say they go into a taxi. by 6:06 a.m. they're at this gas station. this video shows them near the bathroom when an attendant walks up, they run out. brazilian officials say the swimmers tried to leave and the station called police. at 60:09096:09, a man approache cab. appearing to point a gun at the car for nine seconds. three minutes later the...
. defeating malaria. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. at ally bank, no branches equals great rates. it's a fact. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on in. weand sustainability goals asool one of our top priorities.mental i definitely rely on pg&e to be an energy advisor. anything from rebates, to how can we be more efficient? pg&e has a number of programs, to help schools save on energy. when i see a program that fits them, then i bring it to them. with the help of pg&e we've been able to save a tremendous amount of energy and a tremendous amount of money. we're able to take those savings and invest it right back into the classroom. together, we're building a better california. >>> rejoice, you can now friend the fed on facebook. the federal
. defeating malaria. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. at ally bank, no branches equals great rates. it's a fact. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on...
seeing where the majority of the buying is taking place this morning, you'll note oil and gas right back up there. financial services, basic resources trading higher as well. maybe though surprise given the price of oil at the moment. getting on to a commodity chat here later on in the show. about a half an hour's time or so. we hava guest on to cover exactly what is taking place in the oil market currently. imex and brent closer to 508 than 40. that rally there looking to be relatively in place for the time being. let's move on and talk about some of the bigger stories. nestle missing expectations. part due to an increase in pricing. organic sales growth slowing to 3%. saying while the chinese market continues to prove challenging, it's expecting a better second half. thereby confirming its full year outlook. analyst for consumer joins us on the phone know. good to have you with us this morning. nestle confirming full year outlook. organic sales growth slowing a bit and looking at underlying sales growth improving for the remainder of 2016. what do you make of the numbers. >> good
seeing where the majority of the buying is taking place this morning, you'll note oil and gas right back up there. financial services, basic resources trading higher as well. maybe though surprise given the price of oil at the moment. getting on to a commodity chat here later on in the show. about a half an hour's time or so. we hava guest on to cover exactly what is taking place in the oil market currently. imex and brent closer to 508 than 40. that rally there looking to be relatively in...
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. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> hello everyone. i'm sue herera. here's your cnbc update for this hour. a senior north korea diplomat based in london has defected to south korea. officials in south korea confirm ho is second in command at north korea's embassy defected last month with his family. making him one of the most senior officials ever to seek asylum. >>> the russian military announced it has launched a second round of air strikes against syrian rebels from a base in western iran. a u.s. state department spokesman calls russia's use of the iranian base unfortunate, but not surprising. adding it may violate a u.n. resolution. russia and iran are strong supporters of syrian president assad's regime. >>> meanwhile, turkey is planning early parole for some 38,000 convicts. the country is looking to free up room in their overcrowded jails
. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> hello everyone. i'm sue herera. here's your cnbc update for this hour. a senior north korea diplomat based in london has defected to south korea. officials in south korea confirm ho is second in command at...
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use less fuel. helping you save money and reduce emissions. and you thought we just made the gas. energy lives here. at ally bank, no branches equals great rates. it's a fact. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on in. experience ♪ore confidence regardless of the conditions. get great offers at the lexus golden opportunity sales event. get up to $5,000 customer cash on select 2016 models. ends september 5th. see your...
. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. but they demand the best shopping experiences. they may want the latest products and services, they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest u.s. retailers meet their demands with more responsive retail models... ones that transcend channels and locations, anticipate expectations... creating new ways to engage at every imaginable touch-point. it's a new day in retail, and together, we're building the store of the future. digital works for retail. let's talk about how digital works for your business. >>> a few stocks to watch today. urban outfitters shares getting a big pop. posting stronger than expected earnings. same store results up with higher demand. that stock higher by 12%. however, shares of popeye's louisiana kitchen und
. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. but they demand the best shopping experiences. they may want the latest products and services, they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10...
? >> first of all, i agree. how much gas is left in the tank? mike made the point earlier and we're at a point of stocks look overvalued. i believe the yieldy names and people chased up here are too far too fast and i said that over past several weeks. you can look at the nuggets saying when things change, rates go higher. look at the banks. i think we have talked about it on the show. i believe the banks set up, you know, for a zhe cent bounce. you have to look at the quality names in the bank sector. >> you must be -- >> yeah. >> on the banks. getting into morgan stanley, david? >> absolutely. we talked about jp morgan, even mang of america and the stock at 14 bucks, 13.50 bucks as a play to benefit from this apgs of a rate move. you know? and toward the end of the year. they won't move. no way they move. before the election. >> all right. >> so i think you can -- you've got time to put that trade on, if you will. >> fair home 2 upping the position of 50%. people are starting to look at these and say, hey, you know, there's an argument to be made for the valuation, for the earning
? >> first of all, i agree. how much gas is left in the tank? mike made the point earlier and we're at a point of stocks look overvalued. i believe the yieldy names and people chased up here are too far too fast and i said that over past several weeks. you can look at the nuggets saying when things change, rates go higher. look at the banks. i think we have talked about it on the show. i believe the banks set up, you know, for a zhe cent bounce. you have to look at the quality names in...
autonomous according to ford, that means no steering wheel, no gas pedal, no brake pedal. ford is also doubling its palo alto staff. we talked about this earlier today. as it expands its presence in the silicon valley investing and partnering with four tech firms. earlier this morning on "squawk box" we had a chance to ask mark fields, the ceo of ford, about this idea that's been floating out there in the auto industry that ford is moving way to slow when it comes to self-driving cars. >> we've taken our time to talk about our autonomous vehicle plans because we're not in a race to make announcements, but we are in a race to do the right thing for our customers and our business. >> quickly let's look at shares of ford and general motors over the last year. they typically trade in tandem. the reason we're looking at this is because gm has a 9% stake in the ride-share operator lyft. ford currently is not investing in a ride-share operation. it does have a pilot program for ride-share companies in england, but not here in the united states. but, guys, this is significant. ford is saying i
autonomous according to ford, that means no steering wheel, no gas pedal, no brake pedal. ford is also doubling its palo alto staff. we talked about this earlier today. as it expands its presence in the silicon valley investing and partnering with four tech firms. earlier this morning on "squawk box" we had a chance to ask mark fields, the ceo of ford, about this idea that's been floating out there in the auto industry that ford is moving way to slow when it comes to self-driving...