Street firestorm this week. Author Michael Lewis joins our roundtable to talk about why he thinks the markets are rigged for the benefit of insiders. From nbc news in washington, the worlds longest running television program, this is meet the press with david gregoy. Were going to get the latest on the fort hood tragedy in a minute. First a little news. As time is running out, there are some big developments in the search for the black box from that flight 370. For the latest on the search, heres my colleague ian williams in perth, australia this morning. What have you learneded . Good morning. The search reached a new level of intensity today with ships and aircraft racing to a remote part of the indian ocean where a chinese vessel claims to have detected faint noises which it says are on the same frequency as those emitted by the black box flight recorder of flight 370. It says it heard those noises on friday and then again over a 90second period on saturday. The Australian Agency wh
You have one on set with you, i think. We have one on set here. Weve been playing with this for the past few days. Looking up your noses . Looking up our noses. I thought i saw one on a stick over where you are. Am i wrong . Is there a gopro around here on a stick . Oh, yeah, youre right. Yeah, youre right. You know more than i do about was going on. This thing will be live on show . Thats dangerous. It is. This camera is dangerous. I actually one of these, by the way. I own two of them. I own one, too. What do you do with them, put them in your race car . Exactly. Theyre in my race car. Theyre tough. Ill give the gopros credit. Well be talking a lot about gopro during the rest of the program. In other news right now, new York Attorney general Eric Schneiderman who becky will be talking to in a little bit, too, is slapping barclays with its securities lawsuit. They alleged the bank gave an unfair advantage to its High Frequency trading clients. Orders on its trading venue. Instead rath
Economic realities hitting home for more than 40 million american families. A new study out of Harvard University finding that 35 of u. S. Households cant afford their current living situation. With me now, the wall street journals veronica dagher, editor of power trend profits. And Dominic Tavella of diversified financial. Thanks to all of you for joining us. What that means their rent or their mortgage consumes 30 of their monthly income. This is huge. This is 40 million americans. For a lot of them it consumes 50 veronica, this is a disaster. It is a disaster especially because more you spend on housing the less you have to spend on other things like Consumer Discretionary goods. That has larger effects to our economy. These people are spending so much on rent they cant be buying new cars or taking vacations. They just dont have money. Melissa a lot of problem has to do with the fact that incomes arent growing, right, chris . Absolutely. A lot of jobs, created but look at mix of tho
Crude oil hitting 104. 12, the highest intraday level in more than a year. Road map begins with markets. Bond yields rising, oil back off 15month high. Well break down what it means for all of your investments. Other questions over the crash landing of course in San Francisco airport that left two people dead and dozens more injured. Live on the scene. Crisis in egypt continues. Politicians fight over who should govern the country. Live to cairo. The latest details on the dell buyout. Michael dell key endorsement could bolster his plan to take the company he founded private. Futures climbing with the s p on track for its third day higher ahead of alcoa earns this afternoon which marks unofficial start of earning season. The tenyear slipping back to 2. 69. Dollar at threeyear high against the euro. Interesting session after the jobs number, which in itself was a wild ride on friday. Right. Lost ground in the morning. Made it up in the afternoon. First the tenyear had the big move. By th
Wednesday. Pmi 50. 5 a twoyear high. Markets are mostly flat. Road map begins with the highest inflow ever for equities. Investors pouring 40 billion into stock funds in july. As we said, three key fed speech this week that could shake the markets. A big win for apple in its battle with samsung. The Obama Administration vetoing a ban on apple products. Share of samsung are falling in asia. Tv blackout, battle between Time Warner Cable and cbs show nothing signs of letting up. The Terror Threat overseas. Many u. S. Embassies stay closed now until august 10th. A live report from nbcs Pete Williams. First up, if you didnt see it, u. S. Equity funds saw a record inflow in july. According to trim tabs funds saw 40. 3 billion coming in last month while bond funds saw the fourth highest outflow on record. David seeburg at cowan. Good monday morning to you. Good morning. David, is this the beginning of something new . It seems to be. I mean, 40 billion in july, amazing. Still a ton of cash on