The Parent Company Deutsche Telecom jumps at the open. Display youre watching worldwide exchange, bringing you Business News from around the globe. Good morning. Welcome. It has been a busy morning. So far, some of the steepest boards in spain, portugal and switzerland. You can see still sharply lower, about 0. 6 off the major markets. The ftse mib off 0. 3 . French, italian and german pmis suggesting a fall from the june level right across the charts. But it were a trace on the manufacturing side. To the u. S. Markets, it was a choppy session statewide. The argentinean default. You had concerns around geopolitical tensions, still with fresh sanctions and then the ripple effects across markets. Earnings werent particularly strong, either. We saw the s p, the dow and the nasdaq around n session and a jump in the vix as a result. The vix up 23 . On the data front, interesting to note, u. S. Labor costs according to their biggest gain in more than 4 1 2 years in the Second Quarter. A litt
To rescue americans being held by isis. Pentagon officials saying forces stormed a terrorist compound only to find the host aemgs werent there. Were going to have a live report from our nbc colleagues covering this in just a bit. Carl icahn is at it again. The activist investors revealing a nearly 89 stake in hertz, the rental car company. Icahn says he will pressure the company over pricing issues and operational failure and he may even seek a board seat. Shares of hertz plummeted over the last few days after the company withdrew its full year forecast. They are up slightly in after hours trading. As of yesterday, some hedge funds talked about potentially trying to replace current ceo mark viscora, as well. But this seems to be bit of a low hang fruit at this point. As of the last quarter. Late 2013 is when he originally took that stake. We know hertz and we like mark. But it is low hanging free fruit, i guess. The high on the tock is 31. 61, its alltime high. And its at 30. 33 and th
And the french government says it is honorable and they should get on to growth. Weve been having manufacturing pmi data out this morning from the likes of france, germany and italy all disappointing. 4 4 it was forecast at 50. 8 and its come in at 50. 6. So a little less than was expected. 50. 6 is that number. A fourmonth low with the manufacturing number and as far as the french numbers, too. Indeed. And that is contrasting to ireland. Slightly lower than the number did come in at 53. 8 marking 13 months of growth. The german number, as we touched on 50. 2 versus 49. 5. I suppose the interesting thing about this is its no longer that simple call strong call weak periphery. Theres a lot of divergence and it makes it hard to know what the right course of action is. I believe its really simple. Europe is struggling. There is no growth in europe. Its a very easy decision to make i think, snars qe is concerned in europe. Look at disinflation inflation, arguably, some of that is needed. E
29, where is my morning tweet. She knows you well. I will tweet her back. Something nasty. While you toss to weather. Scott, 5 01. Dont forget to check with karen this morning. Temperatures right new on this friday, looking pretty good we have 61 degrees. Wind are calm looking live at Philadelphia International airport. So if you have a friday morning, red eye flights out we are looking pretty good. No travel delays on the east coast but there is a storm system heading in our direction. For to take look for 73degree high later this afternoon we will call it partly sunny. By tonight mostly cloudy, rainfall arrives after midnight. We have friday evening plans, i think were okay. Taking a look at ultimate doppler dry ape quiet but look at this line of showers, even thunderstorms stretching down to the gulf coast. Lets time it out, dry throughout the day, partly sun a cross our area, by this afternoon still looking good across the region but look at the clock as we watch around 7 00 toward
Thinking this whole kit and caboodle, it is getting real on the market. It is very hard to pry off. Hence todays action again. The dow is down. Nasdaq giving up and paint drying. And we are go to hear from a banker later on in the show. We heard about a weakening consumer today from the owner of darden. Which happens to be part of the mad money staff. Finished down 8. 9 . It yields 42 . But, that yield might not be the protection it used to be. That more than doubles the tax on dividends. We saw one of the biggest retail jugger nauts, the gap. Sales have become sloppy to surrender 3. 57 or 10 . Although that doesnt spell the death of retailers, we go off the charts tonight. And we witnessed downward pressure in the oil sector. Today is the first day when the group got any lift at all. So what do we do . Is it game over for equities should i go home . No, no, no. Let me first say absolutely not. We have to get either to a cliff resolution, or so the situation where no one expects the re