Bazos. Chairs of intrexon down. The company ceo will join us live to respond on the back of their earnings, too. Thats coming up. Lets get to whats behind this selloff. Mike santolli joins us. There was nothing too specific in terms of news but all day the markets traded a bit heavy. I think you want to point to the flattening of the treasury yield curve. Rick santelli has been talking about all day. Twoyear yield is up. Longer terms are down. Thats a slow growth signal. Also a signal the market is sniffing out the strong retail sales data along with the good jolt of Employment Data this week maybe puts the fed back in play. Fed speakers have been trying to focus the market on two more fed rate hikes later this year. Meantime, the market doesnt feel as though the growth picture is all that strong. Maybe thats what we can infer. Thats hurting financials. You mentioned, bill, the staples were one of the losing groups today. Thats an overbought sector. People have been piling in. I would
As the board drama continues, well go live to Paramount Pictures for the future. And microsoft wasnt the only offer on the table for linkedin. How sales force missed out. Viacom issuing a warning for the current warner. They cite weaker sales after redstone moved to oust five board members. This is a significant warning on estimates. Yeah. They blame one movie. They claim the slate is going to be very good going forward. But they said the slate was going to be very good going backward. This is a company thats in disarray. If you buy the stock, its a complete crap shoot. Its rare you are say do we know whats going on in the company . I think they dont. And i say in a vacuum, the stocks a poorer vacuum. I think you buy it because you get a bid but thats just reckless. Theyre looking at 1 to 1. 05. The street was at 1. 38. A lot of people come in say a nice base had been set on this name. Yeah. I just look at this situation and i just think that this is such a poorly run company that the
Movers this morning, grow upon shares as that Company Reports a smaller Second Quarter loss and raises full year outlook. Adding more than 1 million new customers. Thats the most in two years. Stock is up by 23 and ceo will be on squawk box in an first on cnbc interview. That is at 8 40 a. M. Eastern time. Amgen tops estimates. That stock basically unchanged. Cheesecake tractfactory repg better than expected profit. Still upping stock buyback plan. Up about 1. 5 . We have more here. Groupon. Is that going to be around . We are going to talk to the ceo and i suspect he will tell you he plans to be around. It was 25, 25 dollar stock once so its up today. Is it are a real. Its a real company. I bet the 6 billion offer they got from google a few years ago is pretty good right now. Lets talk about alphabet. Google now is a verb. Its probably known in every language. Then there was another one that decided changes the name. And totally ruins years. P when you say alphabet, i know its google,
I am brian sullivan. And we come into the month on a sixmonth win streak for the dow. But thats not how this month is starting. Heres a look at how your money looks right now. The dow down a lot, not a lot 47 points, given what is going on with oil, tyler, it is no surprise that chevron and exxon are two worst performers in the dow. Much more coming up. Oil a big story today, brian, as you point out. Welcome everybody. Im tyler mathisen. Heres what else is happening this hour in your financial world. Crude oil falling below 40 a barrel for the First Time Since april. Oversupply and economic worries continue to pressure crude. Its down more than 20 from junes 2016 highs. And the gaming slump continues in macau. The chinese territory reported its 26th consecutive month of declining gambling revenue in july. The slide has impacted u. S. Companies that operate over in macau, like las vegas sans and wynn resorts. And googles next goal, searching for cures for disease. Googles parent alphabe
Major auto dealer. Energy is one of the biggest losers with oil falling again. Its entering bear market territory. Well talk what impact this could have on the broad market coming up. Plus this is very interesting, the ceo of one of the hottest and most anticipated biotech ipos of the year, the company is looking to take on genetic diseases with its so called Gene Editing Technology. Well talk with the ceo coming up. After the bell its all those earnings you mentioned, alphabet, amazon, well bring you instant analysis as soon as they cross, especially after facebook and ford. Theres so much riding on how these companies do. Lets start with the earnings season hitting the halfway mark. Bob looks at the highlights of the first half and what we can look for in the second half. Important thing, bill, is we are Getting Better. The bad news is were not Getting Better very fast. Lets look at the score card. 55 of the s p 500 reporting were down 2. 8 . Earnings on average down 2. 8 . Thats bet