Around the clock. American apparel seals a 90 million deal with creditors to avoid default. This after they warned about operating cash flow amid operating sales. Coming up on the show, we reveal why bill gates is staying behind at the office. Plus starbucks are filling up its cups with something a little different than coffee. We take the lid off the plans. And snapchated at jury duty. One gop candidate takes a day off campaigning to perform his civic duty. Stay tuned for the details. Welcome to the show. U. S. Futures pointing to a lower open. The dow down 28 points. Mixed set of housing data out yesterday. That manufacturing number that killed the market at the open but then the home Builder Sentiment number providing a boost to equities but Global Markets are taking their queues from asia. On that note lets take a look at asian markets. Theres been a sense of anxiety surrounding the Chinese Markets after we got the latest moves to intervene on the currency front. Its another down d
Pleaded not guilty and her lawyers say it may have been a factor beyond her control that prompted this tragedy. Neighbors left flowers on irma grossmans porch, just steps from where the grandmothers blood still stained the ground. You dont know what goes on in peoples houses. Reporter it was irma grossmans own daughter susan who killed the 79yearold with a kitchen knife. The daughter had come to visit her mom monday afternoon. An argument ensued over the daughters ongoing medical conditions. The daughter enraged ultimately stabbed her mother to death. Reporter Nassau Police wouldnt say what that medical condition is, but later in court her lawyers said their client suffers from mental illness. She does have prior psychiatric history. Very serious psychiatric history. Reporter a Law Enforcement source says Grossman Kerner has already confessed to the murder. Her lawyer has asked she be put on a suicide watch. Sad is the only way neighbors describe this case. A wonderful grandmother stab
Regime . Is everybody going to float . What a difference this summer makes. Tom it is august. We are going to give you what we can today. Right now, we need wisdom on the top headlines. Here is vonnie quinn. Border,along the korean the most Serious Exchange of artillery fire in five years. North korea fired a rocket at a south korean border position and that prompted south korea to unleash an artillery barrage. Earlier this month, two south korean soldiers were wounded by a landmine in the demilitarized zone. Policy makers are getting closer to raising Interest Rates for the first time in nine years. Participant said conditions were approaching the point where the economy could sustain a rate hike. Moved to prop up the yuan. The Chinese Central Bank has injected the most money. The yuan fell 3 in three days last week. Kazakhstan is the latest emerging market to give up control of the exchange rate. Tenge reached a 23 drop. Hillary clinton might not have used the private server for emai
Companies progresses. L brands raises its full year outlook as Second Quarter profits beat expectations. Sales at victorias secret, the main growth driver. The great rate debate wages on. We did get the fed Meeting Minutes out of july. Not as dovish as people were expecting. So the economists expecting a september rate hike has been reduced from 40 to 45 ahead of the minutes being released. Futures pointing to a lower open. Were down triple digits on the dow. The nasdaq lower by 28 and the s p 500 also indicating a lower open. This as the ftse cnbc global index, this is a good gauge of stocks around the world. Not just europe but asia as well and were sharply lower in todays trade by 16 points. Very close to session lows. A lot of that having to do with the underperformance in asian markets. Were looking at the xetra dax down triple digits. Thats a 1. 2 move to the down side. The german dax hitting its lowest level since january. Thats a significant move. Just think about how ecb qe po
Trading. Check it out, 40. 21. The last time you saw prices like this it was 2009. March of 2009. We were in the midst of the financial crisis. It was a lack of demand. This time around its not just a lack of demand for slowing economies like china but also massive amounts of supply. Well talk a lot more about whats happening to wti but right now barely holding on at 40 dh 40 dhr 40. 21. The shanghai composite closing down by more than 3 and in europe greece making a 3. 5 million payment to the ecb on a maturing government bond. Athens using money from the latest bailout. Back here in the states a few economic report of note, weekly jobless claims at 8 30 a. M. Eastern time and then at 10 00 existing home sales. We got a couple of other big stories in focus right now. Of course the fed is on our mine. Yesterdays release of the minutes from the last fomc meeting raising a number of questions about the timing of a possible rate hike. Its the question we talk about virtually every day and