Also get a pros take. Bob olstein will join us live and exclusively in a couple of minutes. A list of predictions for 2014, and naming stocks that are his best value plays. Also, get this. Jpmorgan has been fined 2 billion for not figuring out that Bernie Madoff was a fraud. 2 billion. Wasnt that the governments job . Why is a private bank facing consequences for allegedly turning a blind eye and not government officials who were asleep at the wheel, obviously, at that time, during the decades of deception . Closing bell is getting into that a little bit later in the program today. Stick around. In the markets, take a look at whats happening. Diversion across major indexes. Dow is negative. Less so than session lows about noontime. Nasdaq is positive helped by twitter, tesla. S p 500 up about seven points sorry. That was the nasdaq. That would be up a bit. Im sorry. Now down about one point. Twitter. While i was gone, it went to 55 a share. This is true. That is unbelievable. Lets talk
Raise we know that many of those workers work in the fastfood industry. The c. E. O. Of a fastfood corporation makes, we figure, about 8. 7 million a year. While his average employees make something about around 19,000 a year. And i dont im not one of those that says, well, thats you know, they have to work a million hours to get to the 8 million a year, but just to put in perspective whats happened with wages. As wages for c. E. O. s and for top management have gone up and up and up, and weve seen productivity of workers go up and up and up, we know that wages for those workers have simply not kept up. Not just minimumwage workers but workers overall. So since the 1970s, and especially since 2000, profits have gone up, productivity has gone up, executive salaries have gone up dramatically, yet workers wages have been stagnant. No better example of that, mr. President , than the minimum wage. The minimum wage was raised my first year in the senate, my first speech on the senate fliewfl
By net now whos threats to tate i think there is something to that. [laughter] you talked about that. We are all engaged and one might decipher what might be the particular motives but its fair to say that Prime Minister netanyahu expected the agreement and i think he was surprised that it did. A lot of people in this country are surprised in one has to take note of the fact that this was an agreement not just between the United States and iran all those will although those were the principle parties but agreement that involves russia, china and europe and that was a very important step forward in the sense that it creates a framework on which to build and permits these countries also to in a sense an outcome which is vaguely being previewed without being overly specific. I think we all have a common interest in iran not into a total social failure and the source of violence. I think that is shared by many israelis and this is why Public Opinion as far as i can sense and tom knows bett
Charlie gasparino has the exclusive interview. Lori the new ceo of General Motors and Many American women believe more needs to be done to get women in leadership roles. Adam turning an eyesore into an attraction. The Architecture Firm that designed googles headquarters is setting its sights on the keystone pipeline. Its proposal to build the 1300 mile long bike path. Lori sounds like an interesting idea. What else is interesting . Stocks selling off. The dow down 100 of the lows of the day but lets get some color on the action from the floor of the Stock Exchange, Nicole Petallides, we are heading for a third day of losses. Nicole the fear index to the upside, the dow industrials down 85 points. Nasdaq composite down 1 and the s p 500 dropping 0. 3 . We are to the downside and we will watch that after eight weeks of beans and in the meantime the vix has been jumping today. It is up 6 , almost 15, a level of 15 so we are watching that and heres a look at the dow laggers. The banking in
Children. Matt borges said he was a good guy and one of the good guys was gone way too soon. Morning show starts right now. I like to play golf. Im a good golfer, believe people are shocked. People are shocked. Let me [ applause ] i should play obama for the presidency. [ applause ] ill do it. [ applause ] then id be assured of winning, okay . Assured. Good morning, everybody. How are you doing . Its thursday, august 4th. How do i sound . Much better today. Okay. Hopefully it lasts. Ive got lemon water here. Joe has the morning off. With us on set we have veteran columnist and msnbc contributor mike barnacle. You might be talking a lot this morning, mike. Managing editor of Bloomberg Politics and cohost of withual due respect that airs at 6 00 p. M. On msnbc. Mark halpern, how are you . Good morning. I loved watching your show yesterday. Was so good. I lost it a few time because they kept putting hillary up in speeches. I like watching your show. Speak out. Let everyone know. I did. I