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We got three reporters covering it all there. Phil lebeau on the cars and the crash tests. Housing, diana olick and the economy, steve leisman. But we do start with phil and these new crash tests on the ford f150. Give us more details, phil. Mandy this is a mixed review from the Insurance Institute for highway safety. Look at the crash test video. The good news for ford and for f150 owners they tested two versions of the truck, the super crew version which is the most popular version, all good ratings across the board. Extended cab, four good ratings but one acceptable citing injuries to the driver. Ford says it is making changes in the extended cab for 2016 to ensure that it passes all of the safety tests. But heres the negative news in this review by the iihs. It has to do with the cost of repairing the aluminum panels on the f150. They say those repair costs could be 26 more than the old repairs against a steel panel versi ....
Lucrative. [ ka ching ] especially when the risk seems washed out by multiple town days including days like today that opened horrendously. The dow at one point down 135 points but then finishing strong. Hallelujah the dow gaining only 68. Nasdaq climbing. 86 . It was the kind of comeback that only happens when a market is oversold and investors have said, enough already. Im going to hold on to what i have left. What do i mean when i say the market is making sense . How about the fact that the slowing growth of the Global Economy and the negative manufacturing data we have seen in this country of late have caused Interest Rates to go low and thats logical. Rates are low. Housing becomes affordable. When housing is affordable people switch from renting. Especially in a situation where rents are about the highest they have ever been when you relate it to the cost of buying a ho ....
Up 2. 4 in terms of cocktails. Comp sales. The estimate was 2. 2 . It is the beginning of the backtoschool season. We will see more from the press release in terms of the year forecast. Adjusted earnings per share for 60475 460475. That is a raise. A pretty good outlook for target. We are seeing shares spike in early trading. They are now up to a three quarters of a percent. Olivia thank you so much. Time now for this mornings top stories. Greeces third bailout has cleared a hurdle. The parliament overwhelmingly voted in favor of the package in germany. There are now 30,000 firefighters battling wildfires in the west. They are being assisted by 200 soldiers. Five states are battling 10 wildfires each. The worlds secondlargest homeimprovement chain. Lowes posted secondquarter profits. The rebound and home prices led to Consumer Spending more on their houses but that did not translate into robust sales. Do it model being imported ....
Field tonight. A treasure trove for lawyers and hint, hes mad as hell and hes not going to take it anymore. Varney company is about to begin. Lets get to it. The markets, that is. Were going to be down at the opening bell, 70 or 80 points, were all over the selloff, how bad is it going to be and we will be asking that question for three hours. The price of oil bouncing no, not bouncing down, back at 40. 87 per barrel, again, were looking to see if it drops below 40. Were showing 39 on the screen at some point today. Well see. Gas, good news, the pace of the decline in prices is picking up steam, down about two cents overnight. And big names, we talk about it every day and boy did they get beaten up yesterday. Do you buy now . Here is the closing prices from yesterday. Netflix, 112. Apple, 112. Facebook 90, amazon down to 515. Jo john, taking a vacation from his mansion in bermuda. Are you going to reassure our viewers that maybe this is the time to buy a few bargains . Not necessarily ....
The slide puts renewed pressure on gulf markets where the losses of benchmark indexes across the region. Fixing up financials. We delve into the world of distressed assets with j. C. Flowers. Thats in half an hours time. If youre just joining us in the u. S. Good morning to you. Take a look at futures. We could be in for a rough ride on wall street. The dow indicating a 300 point move. Nasdaq significant nagle a 441 point move. This as the dow lost about 520 points on friday. That was the biggest one day decline in four years. Just take a look at how u. S. Markets closed. The dow, the nasdaq, russell 2000 are now in correction territory. Whats really interesting about the moves that we saw on friday is its not just the dow that is under pressure but its really across the board. The s p 500 well below 2000. A key psychological level that traders watch. Its the fundamental and technical story that analysts are voicing concern over. And the nasdaq. This has been the index that investors h ....