day. we ll begin with the market and what s been anything but a summer sizzle for stocks. now comes august which is historically hard for investors. the s&p has fallen 2.5% in each of the past five years. as we look towards what s ahead in august, five months to go, does everything hinge on whether the fed hikes interest rates in september? i mean, if that s really the case, then i have good news for you. the market says there s no shot. if you look at the cme s fed watch and you believe that the market is getting things right as we get closer, there s a much higher likelihood that you see a december hike. i think a 25 basis point hike is like 42%. even october, they re talking about a 20 some odd percent chance. if that s what you re truly focusing all your attention on, the timing of the first hike, you have some time. to hang out in the panic room. if you re more rational, you say to yourself, strongly hinting they ll do something. even if it s a token gesture. there s a
wednesday on wednesday, the employment report for july will come out with international trade. on thursday, we ll get jobless claims. and that all leads to friday s big jobs report. see what they re suggesting about the open at this hour. the dow flat course the board. disney, dreamworks, time warner, fox, all on the calendar. stiefel is raising its price target. and seeing the stock getting to $130 a share. also has a value rating on those shares. disney up 40% over the past year. harder and harder to come up with something new, isn t it? and mission: impossible big opening. 56 million. i saw it i saw it on wall street. i liked it. tim, tim hanging on the side of the airplane which is pretty cool. i think with the people involved with insuring tom cruise, it s like at times. with tim on the motorcycle which is going 130. mission: impossible did you used to watch it? the original tv show. it was pretty cool what they had had to do. alec baldwin was a ba
i m caroline hyde. as we were just saying, we are getting breaking numbers from allianz. just to run you through some of the numbers, the outlook is confirmed on the upper end of the range. this is the number one european insurer, confirmed its four-year forecast. of 2e getting net income billion euros, ahead of analyst estimates. the operating profit came in at 2.84 billion. we are looking at property and casualty insurance at 11.8 billion euros. we will get much more on these breaking numbers with hans nichols. it looks as though the insurance side of things, hans, is missing a combined ratio, that we are seeing better than expected numbers from a revenue perspective. hans: yeah. this that income is a big beat. it is coming in north of 2 billion euros. on that front it is a big beat. when you look at what s happening in insurance, there haven t been many natural asasters, so they could have little upside, although it looks like the insurance number is down on the property a
slashed. behind apple s announcement. the operating system watch payments and big music unveil. what s it going to mean for the stock? and lululemon results are out. the retailer raises the outlook for 2015. first up hsbc announcing plans to cut up to 50,000 jobs and shrink its investment bank by a third. half of the reductions will come from a sale of businesses in brazil and turkey. they are looking to cut money within a couple of years. and ge selling the sponsorship business for $12 billion. ge says they re going to execute $100 million by year end. all part of the plan to sell the bulk of the ge capital. that s going to be positive and they are aggressively getting out. i wonder if there isn t a trend here. everyone is retrenching at a time you would think that rates being low, you would to be out there in different market vsmarkets. i was on a panel last night talking about jobs and people who are not in midlife crisis but people in their 40s and 50s. what are tho
our road map begins with a trio of deals in biotech, personal care and food. hp ink and hewlett-packard enterprise began trading as separate companies today. we will speak with meg whitman a bit later on in the show. and visa shares lower after reporting a mixed quarter, a buy back and a purchase of visa europe. a lot for investors to digest. a lot of deals in the spotlight, including treehouse foods agreeing to buy conagra s private brands business. results from likes of a facebook, tesla, media players like disney, cvs, fox. the nasdaq the biggest gainer. the question now, jim, whether october has had not good but great gains, almost every year this decade. is it going to rob some of november s seasonal strength? i don t know. i think earnings season is still on. i listen to what you re saying. let s mention treehouse. treehouse is a very good company. they re going to be able to take that private label nonsense from conagra and turn it into lemonade. treehouse is t