First National Standards to limit Carbon Emissions from power plants. At t releasing the first given the completion with direct tv of that deal. And more monthly auto sales due today. Chrysler and nissan are out. Coming up soon ford and General Motors. First up wall street is gearing up for the first trading day of august. Last month the s p rose almost 2 . Dow up 4 . The nasdaq the best performer of the three, up 2. 8. Greece, the stock market finally opening and tumbling after opening for the first time in five weeks. Trading suspended in late june as capital imposed. The biggest crash ever and their pmis are at 30. Youre talking about a Great Depression there. The makeup of that decline, cocacola, greece greek Cocacola Company is a huge part of that index. Thats down about 10 . The banks are down because i think theres a sense that the banks have to recapitalize. But remember, there are strict rules about buying stocks in greece. Its viewed as a way to do capital flight. So theyre r
High. Yes, down 20 otherwise. Now when oil goes lower, airlines tend to go higher in terms of the stocks as those stocks rallies today. Can you see that each of them most of them up over 2 . We have the number one analyst Airline Analyst on the street with us to day. Jamie baker. Hell give us his top airline picks. And president obama just announcing new Clean Power Plan which could have a major impact on the coal industry and basically industry at large. Weve got the ceo of American Electric power live. And the cit group is completing the purchase of one best banks parent company, cit ceo john than will be joining us to discuss that deal and the impact it could have on the lending environment. That will be a cnbc exclusive in a few minutes. In the meantime lets talk about todays Market Action joining our closing bell exchange, we have chase chief economist anthony chance us with. We have president of onpar executions and our own Rick Santelli joining us as well. Peter, the impact that
Again. Bob iger joins us in a few moments. Apple looks set to continue. But Merrill Lynch adding insult to injury. And tonight tesla and fitbit coming out. But first up disney reported better than expected earnings. But they were hurt by slowed growth at the International Theme parks but still up more than 20 so far this year. And well have an exclusive interview with bob iger in just a few moments from now. Jim, you were up very early reading through the quarter, reading transcripts, i assume. You said today is the bears day. Well, i think a lot of it is selfinflicted pi disney. They gave a prediction which was a high single digit projection for cable. Its about 42 of their business and they missed the projection. When you set a benchmark and you underperform, even if its not as important as other things, you have to take the pain. And theyre getting punished for that. But lets find out. I mean, he certainly knows more. And for joining us is bob iger, lets go to it. You gave us three
Today. This is the day, bill, people will look back on and remember. Disney seized a little bit in the earnings. As you can see there, disney shares down about 9 . Putting the cable bundle front and center after talking about espn. Not just disney. Other big media stocks falling today as netflix is hitting an alltime high. 21st century fox down 7. 5 . Time warner, not the cable piece, twx down 8. 7 . Comcast down 4. 7. And well debate whether its time for investors to get out of disney and into the unbundled media plays. Comcast is our parent company. Approving a new rule from dodd frank that requires Public Companies to essentially reveal the gap between the ceos pay and the rest of the companys employees, corporate americas not happy about it. But the director Heather Corzo says this rule doesnt go far enough. Shell be with us to explain her side of the story coming up in a bit here. Weve got great earnings on tap. Fitbits first report, cbs and fox which will be interesting against w
Its been difficult. Reporter 3 00 p. M. This afternoon. If you know the rocky fire, they can almost set their watches by it. Their goal has been to contain the fire then, the winds took over and flames burned 100 more acres and an offensive containment posture became defensive. The brush is very, very dense. Reporter the fire is a product of the drought, they say. Extreme is the word they like to use. Its unpredictable. It builds its own weather. On saturday night in the middle of the night, it grew about 20,000 acres in a span of five hours. We dont normally see fire at night time grow that spectacular. Reporter here comes the night once again. A man, versus flames and a turf war of epic now, they say historic proportions. This is hard to speculate what to expect. Were dealing with conditions weve never seen before. Because of the rocky fire, a popular hunting spot was declared off limits. The knoxville wildlife area is closed and the Double Eagle Housing Development could also be in