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
1. 8. Housing starts not too bad. Road map begins with netflix shares vaulting in premarket after the company trounced wall streets and its own expectations for the quarter. Ibm moving in the other direction. After revenue and guidance came in below what analysts had been looking for. President obama outlining his plan to help the middle class removing Tax Advantages benefiting the wealthiest americans. First up shares of netflix up sharply in the premarket. The company exceeding its own forecast adding more than 4. 3 million streaming subscribers in the Fourth Quarter, posting profits that blew past street estimates. During the interview, Reid Hastings asked for his latest thoughts on the companys ability to reach 60 million to 90 million subs in the subs. Looking very good. 39 million in the u. S. Adding 5 plus million a year. So the trajectorys great. And you know if you step back and you say is internet video going to be in every home in america in ten years, thats a pretty clear y
The dow down 12, now 6 points. Were finishing near final figures down to 13,241. Nasdaq down 8 points and the s p hanging in there, at least for the moment, still settling out but at 1428 and change. Indeed. With the marks losing steam during the fed chairmans press conference. Why dont we take a closer look at todays moves as weve got lots of people lined up here and a couple on the set as well . Randy bateman from huntington funds is over there. Stephanie link, cnbc contributor and bruce mccain with Key Private Bank in cleveland and Michael Pento of pento portfolios, no idea where you are, and bob pisani on the floor of the new york stock exchange. What did you make, stephanie, of todays Market Action . Youre the trader and follow the shortterm swings. What was the message of the market do you think today . The message is the market is nothing is really going to change. Interest rates will be low for an extended period of time. The fact that they tied the rates to unemployment, a lit
Previously recalled cars. The dispute may depend on fraud. Joining me now with matt miller. But talk about the most recent recall. Put this in perspective. Comparednot anything to the 2. 6 million that were recalled in the case that everyone is concerned about. It is a small number of suvs. They are 2014 models. They are doing this as quickly as possible. Before anyone is killed, for. Xample, and an accident are if would not surprise me 2014 is a record year for recalls in the industry. They are not necessarily a bad thing. Not every car is going to come out perfect. Will be problems. You want the manufacturer to recall the car if there are issues. I have never had of a problem for which the car as we was recalled. I am assuming this will be a case for most of the people driving. Bill, this leads into your area of expertise. The victims of the faulty engine recall versus those seeking there is newes. Gm and old gm. Claimsexplicitly took on for personal injury and death. They did not ta
Because they keep doing it and g it. That is frightening. Reporter we sat down with te District Attorney who told us the killer seems to pray on people who are alone, out on dark streets. Most of the victims are hispanic men aroundr 40s took the only survivor, a hs woman, who the suspect shot as she came out of her tent in stockton. She told police, the suspect didnt say a word. I cant tell you how difficult this is as a community to have somebody do something e this. Who was just literally walking up and killing innocent. Reporter now, Central Valley valley Law Enforcement is teaming up with fans and agencies here in the bay area to to catch this person. They think think their best and ob evidenc, ballistics, titus suspect to the killings. We want to notice how upright upright the persons posture is. Posture is. I like to think we all have a normal walkabout us when we walk around. This persons posture is extremely upright and is noticeable. It keeps you up at night. I probably slep n