See there. 2. 71 . Yeah. Lets move on to europe. Second quarter gdp data indicating eurozone emerge by recession. In and also some growth in france. And that gets us to our road map which starts with a rare miss for macys. Shares of the Department Store are falling in the premarket. The ceo says consumer are worried about the uncertain economic environment. Apple still getting the icahn burp thmp this morning. Carl icahn tweeted he bought a stake in the tech giants. And strength on the farm. Deere beating on the top and bottom line this morning, citing strength in Farm Equipment sales. Bill ackman speaks out about the villains of the Capital Markets in his public bat with other highprofile Hedge Fund Managers. Man. A lot of personality. A lot of personalities running around there in vaktism land. Hes start with shares of macys. Down sharply in the premarket. Retailer posting the Second Quarter results that were below wall street forecast. Samestore sales fell 0. 8 from one year ago. Ce
Its workforce. Zurich insurance net profit falls nearly 30 , hit by weatherrelated claims in the u. S. And europe. This as lower Interest Rates weigh on investments. Welcome to the show, everyone. Lets get back to one of our top stories this morning. Hundreds have been left dead and thousands injured after Security Forces broke up camps supporting the former president mohamed morsi. Interim Vice President and leading liberal voice in the country Mohamed Elbaradei resigned over the use of force. Yousuf is in cairo. What is the latest on the ground . There is a relative return to calm in this part of cairo, but, of course, the country as a whole is in a state of emergency after clashes yesterday between supporters of the ousted president and Security Forces. The government taking a decision to disperse these two protest sites, which have been holding out there for some six weeks. The diplomatic efforts didnt work and now they made a decision, they said they had no other choice. The Prime
Higher to the tune of 1. 7 . One auto expert is saying stay away from the stock and the vehicles because of a string of bad crashes recently. That includes one instance where a tesla was split in half. Are her concerns valid . Well hear both sides of this debate. Heres a reality check for all of us. Are you financially smarter than a 15yearold . 15yearolds in 18 countries, including here in the u. S. , were tested for their Financial Literacy. The results for the American Kids were mixed. Well tell you about that coming up. In the meantime, find out how youd compare throughout todays program. We will be asking some of the very same questions that those 15yearolds had to answer in that Financial Literacy test. See if you can get them right. Heres where we stand in markets now. Dow up about 78 points. It hasnt reclaimed the 17,000 level it punched through last week. The s p 500 is up about 8. 5 points. 1972 is the level there. Nasdaq up about 25, bill. Kelly, we have a cast of thousands
Docket. Well be getting julys Producer Price index. Well have august Empire State Survey. Geopolitics once again dominating Global Market headlines. Here is the latest on the situation in ukraine. Ukrainian officials are inspecting a russian aid convoy parked just beyond its border. The developments suggest easing of tensions over the shipment, but it could be short lived. Nearly a dozen personnel carriers showed up. Nuri al maliki stepping down amid pressure. The its still plans to target terrorists on the ground. Soda giant cocacola buying a major stake in monster beverage. Price tag, more than 2 billion. Monster had transfer its nonenergy business to coke. Rare news in the Retail Sector lately, a winner. Jcpenney posting better than expected same store quarterly sales. The Department Store had a loss, but there they are in the premarket. Allibab alibabas first used says it is going to work out. Alibaba completed its purchase of a media unit less than two months ago. Thank you, scott
Gas is going up, rent isgoing up, everything is going up. The presence of the economy is going in the right direction. Neil five years after the bailouts, we are trying to figure things out. Welcome, i am neil cavuto. What started as the means to continue meltdown has now become a mania. Everyone still needs their fix. Thats what happens when you rescue one and pretty soon you have to rescue all. This isnt about being too big to fail but having too many accounts. Maybe they will stop getting eir monthly fix from the fed. Imagine their release. The day will come when the drug dealer says that you have to come back. They will have to be on their own. It is amazing that it was to me, what scares me is the very thing that used enunciate them another day. A not too long a ago day. Over two Monica Crowley and lori rothman. Be careful what you do in a crisis. I understand why the bailouts happen at a time. But i understand they took place in an atmosphere of extreme economic financial and pol