Lets get back to our roadmap back here in the states. It starts with jobs. Employers adding 209,000 jobs in july, below forecast but showing strength in the labor market and the economy. The white houses reaction to that when were joined by the chairman of the council of economic advisers. And big earnings this morning. Tesla, gopro, Procter Gamble, chevron. And breaking news, auto sales trickling out all day long. Phil lebeau has the details. Ford up slightly. 9. 6 . Were going to get a lot of numbers here in the next hour. What we want to see at the end of the day is the ultimate sales pace for the month of july. Most estimate it will come in about 16. 7 million or 16. 8 million. Ford up 9. 6 in the month of july. Back to you. Thank you very much, phil lebeau. Back to that jobs number, the economy adding 209,000 jobs in july, the employment rate tibckd up to 6. 2 . We are also coming off of a bad day on the broader equity markets, also some concern about flows out of highyield funds
Lose . Theres nothing. [ticking] its so much more intimate than a laptop. When steve jobs unveiled the ipad, there was no way he could have predicted what it would mean to people with autism. It turns out it may be the perfect device to help unlock the isolation many with autism feel by helping them communicate in ways that they couldnt before. I want a drink. I always had said when he was younger, it was like he was a computer and i was computer illiterate, and i didnt know how to press the right keys. Sorry. That was the hard part is, you knew there was more in there, and you didnt know how to get it out. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we look at the life of tech titan steve jobs, the cofounder of apple, and we also examine the unexpected impact that one of his inventions, the ipad, is having on children and parents living with autism. In 2004, jobs asked Walter Isaacson, a former editor of time magazine, if he would write his biography. Isaacson though
The rallys sales. We only need a gain of about eight points for a new high. Were already up 60, and thats even off the highs of the day here, kelly. Thats right. So, were sitting at 17,120 on the dow. There are reverberations from yellens remarks, particularly in biotech, down today. That may speak all more to the strength were seeing across the Broader Market here. Obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4 . Shares of time warner are surging today. Cnbc first to report that Rupert Murdochs 21st century fox is trying to buy the company, even though time warner is saying no. Murdoch is apparently pressing. We will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. Will murdoch add to his empire . How much could it cost him when all is said and done . And does it make sense in this environment . Well talk to bob
All of them. You want the world to know about it by putting your name on all the things you do support. I dont keep it a secret, thats for sure. [ticking] when sony, the Electronics Giant thats the epitome of japan incorporated, lost its cutting edge, it did something radical. It hired a westerner, sir Howard Stringer, as its new ceo. Sony is no longer the coolest. This is the coolest. You can take ipod and beat us over the head with it, but its only one product, and we have 1,000 products. Still, talk about a tough job. He has to turn sony around in a culture thats not always easy for a westerner to understand. Sorry. Thats all right. Were you lost in translation too . Welcome to 60 minutes on cnbc. Im steve kroft. In this edition, we talk with a trio of business moguls, carl icahn, eli broad, and sir Howard Stringer. We begin with carl icahn. It takes a certain breed of stock market investor to thrive in queasy times, and icahn is one of that breed. He has a knack of turning someone
Sometimes the q a in the beginning gets a little out of hand is what im saying, but if youre like many of our viewers, youre probably watching this show right now while driving. And if thats the case, stop very dangerous, not because it pulls your focus from the road but because of the road itself. The federal Highway Trust Fund is about to become insolvent. Jon oh, my god [laughter] first of all, i cant believe our federal highways have a trust fund. Get a job. Your parents didnt pull themselves up from gravel just to have you lay there. Well, actually. Now, i know our federal highways are the vital circulatory system of our nations commerce, but what exactly happens if it loses its trust fund . The Highway Trust Fund runs dry next month. Upkeep and repairs needed for an aging highway system. 65 of roads are in lessthangood condition. 25 of bridges need significant repair. This bridge collapse in Washington State is a cautionary tale. Jon hmm. [laughter] well, what if instead of fundi