Al qaeda leaders as they plotted the 9 11 attacks. An afghan official says omar died two to three years ago across the border in pakistan. The taliban says the group will release a statement shortly. Congress will question pentagon officials today about that iran nuclear deal. A Senate Committee want to know how the agreement could affect the military balance in the middle east. Yesterday, secretary of state john kerry test of ride before a house committee. All makers from both parties sounded skeptical about irans promise not to build atomic weapons. Matt microsofts new operating system windows 10 was released at midnight. It sparked a surge of computer buying but that is unlikely this time. Still, microsoft Vice President told bloomberg that this launch is very important. This is a pretty significant launch for anybody who uses pcs and wants to get things done with technology. We have had big window launches that have brought in things like enabling the internet to happen. I think with windows 10, we are going to reignite peoples excitement around pcs, take that devise people use to get work done and creativity done and we are going to rejuvenate it. Stephanie do you foresee any scenario where you are going to get excited about a pc . Matt no, but i got to tell you something. I am excited about this release. Apparently, the operating system is more like android, ios and it is a Free Download over the internet so it is not oldfashioned microsoft. It is new. It is for the kids. It is very, very exciting. Yelp with shares down as much as 90 . The Customer Review website has cut the revenue forecast. Yelp said they will stop selling National Brand advertising. The company says local advertising will have to drive the growth. I admit that is less exciting but a big drop. Stephanie a very exciting one next. Matt in pro football, looks like a court battle before tom brady plays a game this season. Roger goodell has upheld the fourgame suspension for the new england quarterback for the deflategate scandal. Roger goodell says brady tried to conceal essentially relevant evidence by destroying his mobile phone. The league has asked to confirm Roger Goodell was in his right to a pulled the suspension and the Players Union says they will appeal. Brady responded i have never written, texting, email anybody at any time anything related to put air pressure before the issue was raised at the afc championship game in january. Go to suggest i would distort the phone is completely wrong. Died as a patent denial, that is what i would say. Stephanie maybe he and Hillary Clinton can talk about this matt and richard nixon. Stephanie no, lets take a minute, you are tom brady the worlds best wellknown athlete and barry to the west the best wellknown supermodel forget deflategate. Lets talk about what is in his phone. Lets talk about what is in all of our phones. Can you say every text, email history and photo in here you would be comfortable, ok with getting searched and possibly getting released into the public . I could understand my tom brady separate from the flight i think a, would not want this information out there. I dont want my phone. Matt thats true. He denied destroying his phone right . He says that that is patently not true. Stephanie he is not saying he denies destroying his phone, he says he does not have any information on there that would matt so he did destroy his phone but he is saying, like killer clinton, trust me, i went through the emails. Stephanie just because he does start destroyed his phone does not mean it has to do with deflategate scenario. What im saying is, would you be completely comfortable with everything that could possibly be inside your mobile phone, would you be comfortable having that out there for people to go through . Matt i would show it to Roger Goodell. Stephanie you know what . Im not saying i would want the whole world inside of this and im not the worlds most famous athlete married to the worlds most famous supermodel. Matt i would share my phone with my boss, though. Stephanie could you trust of a good just to your boss . The tabloids could not care about anyone more than tom and gisele. Matt im start to wonder what is on your phone, to be honest. Lets get to the five things you need to know this morning. Stephanie number one we are watching twitter. Maybe you want to see whats in my twitter account. Secondquarter revenue exceeded expectations after the bell yesterday. Julie hyman has the details. Julie, we want to see what is in your phone and what you are saying with twitter. Julie maybe we should all release our direct messages in the exercise of folk cooperation with the authorities. Twitter with an interesting story because the shares initially rose after results and then jack dorsey started talking on the Conference Call and decided to be candid in his first Earnings Call as the interim ceo of the company and said it was facing challenges. He said he was frustrated with the pace of improvement said the company and the pace of user growth based on the product improvements that the company has made. He said they have a long way to go. He and the cfo said that it will be a while before they see more of a meaningful pickup in user growth after they sought anemic growth of just 2 million users on the core bases last quarter. The shares are down about 10 in the premarket. You see the year to date chart where they plunged after the last earnings report. The irony here is that dorsey is actually getting good grades from analysts who are happy about his candor. What im happy about is that he termed the beard. Matt he still looks like a pirate. Number two is facebook, earnings after the bell today and analysts will be watching, obviously, how the investment in advertising are paying off. That will be key for them as it was for twitter. We will be watching as well. Stephanie you get to go from scotus some social and i get to go to d. C. The Federal Reserve releases the statement at 2 00 p. M. Today. Economists and Bloomberg Surveys see virtually no chance of an interestrate an Interest Rate hike. They will scrutinize the hint for any hint that policymakers are inclined to move in september. Said officials will not be meeting in august. They will gather again september 2016. September 16. Matt plus of the people i discussed said they should just change the month but if they do think now that they will raise this september, they will have to intimate that. Number four, chinese stocks rose for the first time in four days. Interest from Retail Investors and margin traders has totally waned. Turnover was the weakest in almost two months but you had a little bit of a dead cat bounce. Stephanie womp, womp. I will get you straight to number 5 barclays is up in the premarket after reporting earnings this morning. Investment banking and credit card operations drove the Second Quarter profit. Barclays chairman John Macfarlane says he will step up the pace of his overhaul of the bank. Macfarlane byard ceo Antony Jenkins earlier this month after growing frustrations over the pace of restructuring. Investors and the markets seem to like that. Matt he apparently fired a couple of abs traders as well, so it will be interesting to watch. He wants to speed up his restructuring and it will be interesting at details rollout. Back to twitter, on the Conference Call made by the twitter owned periscope cap, if you do not know it, it is just like you found something and broadcast it. Interim Ceo Jack Dorsey says twitter should have a bigger appeal. Jack dorsey as i have spent the last few weeks really considering what is in front of us and what the present status and the future, it is really around aligning our execution and service and making sure that we are communicating the service more. We are communicating that to a very broad base. We do think twitter and everything found within twitter has mainstream appeal. And not targeting particular demographics. Matt i wonder if some employee had to sit there with her phone the whole time just going like this periscope this atbat. Stephanie probably. Matt for more on twitter, lets bring in executive Vice President and chief research officer, crawford, the twitter numbers were better than wall street estimates. Stephanie why do you assume it was a female employee that had to sit there . Matt i said that to be like gender i was going to say he and the quickly changed to she because i remember with whom my mom said theres with whom i am on set. I was trying to be fair with use of pronouns. Crawford, im sorry about that. Crawford im just trying to smack my phone to get all the information out of it. Matt you got to hide that before your processes. What do you think about the numbers . I think was fascinating to watch yesterday afternoon, the stock up 12 in late trading and right back down after we all watched paris go. Crawford a total whipsaw. People do not know what to expect going into the called there was a set of expectations by copy before you unraveled the sms users. Obviously, revenue was there as well. Then you get into what the actual user growth, without the sms users, was and anthony basically said, we have not fixed anything. We have a tremendous amount of fixed, so do not change expectations Going Forward from a you just saw over the last three months and that is where the whipsaw came in. I think what this translates into his dad today into is that today not everyone has something to date that is worth listening to or reacting to on twitter. Twitter needs to fix that. They need to make them selves more of a consumer platform as opposed to agree that form. I am super passionate about technology but i think the expectations on what can be based on the current state are pretty accurate based on what he said. Stephanie shouldnt we applaud them for keeping it real . Crawford sure, i mean dick costolo in some respects was writing expectation checks that he could not cash because he kept saying everything is ok but it really wasnt. Stephanie why keep dick costolo on the board . If im jack dorsey, weeks after i tell dick sayonara, and i have a call like this, it really giving investors and analysts to score, why would i keep him . Why would i want him anywhere near me . Crawford i think dick has a lot of equity not only on the board book but with a lot of partners who they work with and who they brought in. I think that is probably powerful. He was also a face to the organization. Again, i think it is about innovating faster and bringing new solutions to market faster. I think once you move dick away from that, he can be useful in another role. Matt revenue was half 1 billion and i wonder we probably asked the same questions every quarter, but the users they have are extremely engaged, is that not right . More engaged in other social network. Forms. Crawford twitter users are super engaged because twitter is a place we can get a platform and if you have an ability to Say Something people want to hear, it is an awesome platform to have a onetoone connection. This was made for celebrities to have that one for one that onetoone connection. If he was into what dorsey said, they want to turn it into something that is more of the news and entertainment site. Good thing you go to to get information. In has to be a heck of a lot easier to use. The Associated Press releases press releases but that does not mean you go there to read press releases. You have a news outlet to interpret. Twitter wants to be that news outlet that is a lot simpler than what they are today. Theyre too complex to be that today. Matt crawford, thank you so much for spending time. Stephanie coming up, september signals. According to a Bloomberg Survey of economists, there is a 5050 chance we will see a rate hike in september. We will find out what kind of things investors will be watching for in todays fed statement. If it is 5050 matt and i are going to coin toss for the next hour and a half. I say heads. Matt i want heads actually ill take tales. I prefer that. Matt and 2 00 p. M. Today, Federal Reserve officials were released a policy statement following the twoday meeting. Although there is a near zero chance of a rate hike this week, investors will examine the statement for clues. The feds next meeting will not be until september which some have said could be the earliest policymakers would make a move. In fact, 50 expect that. Brazil hancock, Global Fixed Income strategist of j. P. Morgan asset manager joins us and also bloombergs mike mckee. We are always going to go through carefully every fed statement but this statement is likely to be different from the one we got last month. Brazil i would expected to be similar, may be a small clue and comment. Last time they said energy had stabilized and weaker now, maybe you will see something about that. Basically growth and employment around the same track in june and they made the big move in the june statements so i would expected to be similar. Matt what are we seeing change as far as Economic Data . We have had housing data, Consumer Confidence data that may have changed. Mike there is not a whole lot of change over the last months where the economy is. It is a little stronger in the then the First Quarter but they had said all along that the economy develops as we forecast and it is that we will raise rates this year. The only question is when. Everybody on wall street is really going to look at these statements and yes they may not change a whole lot but they only have to change a word or two and people will get excited about the possibility of a september move because they are already thinking that is where they will be. The fed once the market to continue leaning in that direction without locking it in. Matt if the fed is leaning in that direction and wants the markets leaning in that direction, doesnt have to give us some kind of clue this is coming in september . Priscilla i think they will stress dated dependency. There is one word. They talk about the risk being nearly balanced. I think they removed the word nearly and that would be a strong sign. I dont expect to see that but it would be a strong sign. Like they will obviously have to change what they say about growth. It will probably suggest growth is reasonably strong and change the word moderate from the last statement, drop that. Aber market, they will acknowledge things are going well there and do they see inflation coming back and if so, where and what are commodities in oil doing . Matt walk us through these lines. We are looking at screens mike matt a fed survey that says most people will not tell us now that they will raise rates in september, but what are these lines that are most likely going to be tweaked . Priscilla, surely go through these line by line. Mike they gave us three indicators they are watching growth in the first line because they want to make sure the economy is Strong Enough and that improvement continues. The labor market has always been the key for them and certainly 5. 3 percent unemployment is very close to their target. Then they want to talk about inflation. Thats the wild card. It has not been going up and they blamed it largely on oil prices. Dude they continue to do that . Did they take of the commodity problems . Did they say anything about the dollar or china . And of course, we were just talking about the idea that they drop the word nearly from the whole question of whether or not the risks are balanced. If they do that will probably be seen as a strong signal. Priscilla i think one comment on inflation, if you look at Janet Yellens testimony in congress, she talked about quarter on quarter cbiz. Year on year cpi or court cbiz only at 1. 8, quarter on quarter is over to and she did mention that, so i think they are thinking even inflation is on the right track given her testimony. Matt they are data dependent but willing to take the data. Or look for the right data on which to be dependent. Mike they want us to walk away going, what is the august report going to say person september . Matt we are obviously going to watch those numbers regardless of what the fed stays says today. Priscilla hancock on Global Fixed Income at j. P. Morgan and Asset Management. And mike mckee who is headed to d. C. And 40 minutes to get ready. We will have coverage from there. Quick break on Market Makers. We are back in two minutes. Mom has always been one of those people who needs to keep busy. If shes not working in her garden, shes probably on one of her long walks with bailey. She was recently diagnosed with a heart condition. I know shes okay, but it concerned me shes alone so often. So i encouraged her to get a medical alert button. Philips lifeline offers the best options to keep her doing the things she loves in the home she loves. If she ever falls, or needs help, i know we can get to her quickly and with her condition that can be critical. And even though she doesnt typically go far from home, the button always goes with her. These days, shes still as busy as ever. Just the way she likes it. Innovation and you. Philips lifeline. Lifeline is americas 1 medical alert service. Visit philipslifeline. Com caregiver today or call this number for your free brochure and ask about free activation. Stephanie julie welcome back. It is time for futures. We are looking once again at gold. Volatility is taking a breather at least for now. After a 10 days a lot that sense prices to the lowest in five years, the pressure is starting to ease. Old features gold futures are little changed today. What now . Joining me is scott bauer, Senior Market strategist at trading advantage and he is joining me from the cme. Scott, i was reading this morning that the average forecast of the folks resurveyed is for gold