germany and france up nearly 1%. we were up yesterday. i don't know if is this is following through from the u.s. markets or whether it influenced us today, there's shanghai. which i look at now. i don't know why. japan is more important. shanghai was down at 26, 27, 2800 and we were worried. it's been shol id above the 3,000 level for a while. let's look at oil. a feature yesterday because it was down. it's up a bit. between 45 and 50 it has been in a pretty tight range. ten-year was moderating below 1.6. now 1.587. following all that talk and anticipation on friday. the yen has been weaker against the dollar recently. the euro 1.11. the pound, 1.30. let's take a quick look at gold. may be another hike at some point in the future. >> maybe in a decade. >> there's been one. there's been one quarter point hike in the last ten years. >> i was setting you up for that. >> they're likely to do a hike at any time. they're crazy, nuts, insane. for more on the markets, someone did write a piece on how many times you can cry wolf and people with janet yellen now just like janet, you know, you can

. this one is for fifth place, the match for that showdown, number six usa and number five, france, in the white kit. the first possession by the united states off the kick. that is

slightly higher and the cac in france. the ftse is down. check out crude oil prices, which over the last week or so have built up pretty steadily. there was a gain for wti. it's down a dollar. >> and here's what's on the agenda economically. tomorrow, look for july new home sales, followed by existing home sales and thursday, that's why it's called weekly jobless cams and on friday, it's the second estimate on the second quarter gdp. >> two for two. >> second estimate on the second. first on the first. third on the third. symposium in kansas city. oh, no, it's jackson hole. and i guess luhoyia was taken. hp, tole brothers. >> and now to the latest on the battle over control of viacom. it looks like this battle is over. and i believe dauman will be sticking around unsill september 16th. and redstone removed dauman from his trust and planned to sell paramount pictures. his daughter largely behind much of this. he's going to receive about $72 million under the settlement agreement. this was probably the way you had to imagine it went with the redstones owning 80% of the vote. check out

have been hurt in a commuter train crash in southern france. the plane traveling 85 miles an hour when it slammed into a fallen tree on the tracks. the tree brought down by a heavy storm. >>> at&t is following in verizon's foot steps in raising prices of some of its data plans. higher prices come with more data reducing the cost per gigabyte from many customers. can you keep your plan if you prefer but you will have to switch to new rates if you want it increase data levels. new rates take effect on sunday. >>> there is big competition cooking at texas state fair this summer. eight deep fried dishes are looking to make it to the finals of the big tex choice awards. in the running, deep fried pulled pork funions. and deep fried jell-o. there you good. the winner will be announced next month. can't wait. >> i thought funions were already fried. >> it is a refried, fry. >> i would probably try pulled pork funions. >> the bacon slider thing. deep fried bacon and burgers on a stick. it is a burger that is stuffed with cheese. that is stuffed with a full hot dog. that is stuffed with ba

libya, as well, where i think air strikes there begun. us, maybe france and another place where the islamic state's kind of been pushed out of the parts of the middle east and has a foothold. >> that's right. addressing that and as we discussed earlier, the $400 million plane load of cash, not in american dollars, but in other currencies, that was delivered to iran at the same time prisoners were released earlier this year. republicans, donald trump and others, are saying that's a ransom payment improper. white house insisted that's not what it was. but the president will make his own defense in a couple of minutes. >> yeah. exactly. by the way, oh, okay. a quick break and come right back. okay. we'll stay right here. sorry, everybody. we're waiting to see the president come out of this briefing. and, yeah. i mean, john, he is going to get drawn into the 2016 election. probably not the first question but the next one. >> that's right. and he's feeling pretty good about that election at this point because after he put his shoulder to the wheel and michelle obama did, too, at the demo

france up over half a percent. the ftse 100 in uk down by .10%. the ftse mib in italy up b by .30%. and the ibex 35 in spain up as well. as for the asian session overnight. see again a nixed picture there. nikkei up .60%. shanghai off .10%. hang seng off .70%. >> >> oil of course continueses to give back some recent gains. wti trading lower almost 2% this morning. 47.27 after a pi reported a build in inventories last night. we look ahead today to the u.s. government inventory report. brent under pressure as well as natural gas. >> it's been a roller coast r ride. they've been drifting lower, spike high. >> every day there's a different feeling about whether opec producers are going to freeze production. >> some traders say another day, another opec rumor or some kind of a story about whether there's going to be a production freeze. >> one factor that's been driving oil higher at least in the last week or so has been the weaker dollar. that's turned around this morning. let's show you the currency trade. we mentioned a stronger dollar. that is against the euro. back below 1.13. 1.1

france. that's something john chambers was august about a year ago. >> most of the world embraces cisco. it's not just a networking company anymore. >> what is it? it's $150 billion market cap company that was $600 billion at the peak and it's not a tech. you don't think of it like facebook. it's not a growth tech company at all. what would you call it? >> it's low single digit revenue growth. >> blue chip? would you call it a high-tech company. >> it's definitely high-tech. their markets don't grow at the rate of facebook. >> is ibm still technology. >> definitely. just because you don't grow at the rate of google or facebook. >> blue chip value play at this point. >> it's exactly right. if you look at like surg water companies. detergent companies. you put these in a bucket. these guys traded 22 times earnings. they've grown eps for five years. been a 7% grower. so maybe to kind of the next realm of defensive plays are the big tech companies that aren't going away, but they don't grow at 30, 40 times earnings. >> they don't grow at all. they barely grow at all. >> the low single digit

sudden link and cable vision. you can see up sharply. they're having some trouble in france in terms of the wireless business, but when it comes to suddenly, they're doing quite well and even at cable vision, closing down news day. remember news day? the long island newspaper? getting rid of that thing. it must have been losing a lot of money and wiping the balance and income statements must have help. >> there was altice. >> i got a newspaper job when i didn't want, but papers, david. >> news corp, by the way. let take a look. i don't know how they're doing. how is news corp doing this morning after reporting earnings that were fine? >> new york times is still good, twilio. >> up 1%, there it is. >> they will make it through this. >> new york times will? >> yeah, their service saying target is going to miss the quarter. >> there are a lot of pure plays in publishing. time inc. is another one. >> we've already seen it when trunk was a tio 2 company, but that's what they named, the old tribu tribune's knurt. >> i work for trunk. >> they tell a good story. they do. but gwinnett has been a

mixed. germany up a little bit. france down a little bit. oil quickly becoming the big market story once again. it is down again this morning. nearly breaking below $41 per barrel. we're at 41.11 guys. it's gotten whacked in the last couple of weeks. the ten-year yield, we're at 1.47%. maybe time to get the re-fi ready again. stronger against the yen and gold is mildly lower. >>> let's get a breakdown of what to expect in the week ahead in the marketsment joining us is jim tierney abcio. allen, why do they do it that way? they put a little slice in the middle. good morning. >> good morning. >> ubs owe portfolio manager. >> i don't know if you saw. there was a report out last week. this was something that i wanted to specifically ask you about. our friend leon cooperman who has been the show for many years saying that when it comes to the s&p 500, right now he thinks by the end of the year, it's up -- ends up 8%. that means if where we are today, up about 6%, we've got 2% to go. do you agree with this or disagree with this? >> i think the people are talking about a goldilocks snare d

slightly higher. slightly. call it almost flat. france is higher by 2 points. oil prices have been moving higher on a report suggesting that russia is in talks with saudi arabia. others about achieving "market stability." crude had a strong -- we're falling a developing story out jfk airport. multiple agencies responding to the airport after a report that shots had been fired. after arriving on the scene, authorities said there was no gunfire. the nypd declaring on twitter that all terminals were searched and cleared and no shots fired. they believe the woman who reported it misinterpreted clapping and banging from people watching the olympic games. >> incident in the mall where people had fireworks. >> they were watching usain bolt last night. it was amazing. >> i did get to see a lot of it last week. it's all been really great. >> the swimming. katie ledecky, wasn't she amazing? >> she's that solo swimmer. i tuned into the end of that. golf turned out great. i think some of the guys that didn't go were like oh, man -- watching kuchar who won a bronze. he says his chest was bursti

going to see that things are a little bit mixed. the dax is flat. the cac in france is down by abo about.30%. markets in italy and spain are slightly higher. let's take a look at crude. this is the big one. the one we're watching closely. wti up slightly this morning. still below $40 a barrel. if we do have hope for earnings to improve in the second half of the year, a lot of that was riding on higher oil prices. we'll see what happens with this, but, again, wti trading at 39.83. >> the economic agenda july adp employment report is out. forecast call for increase of 178,000 in private payrolls. at 10:00 a.m. we get the july services index. after the close we'll hear from 21 century fox, scare square, and tesla. overnight, bit coins have been stolen from an exchange platform. trading on the digital currency exchange was suspended after the breach was discovered. that translates to 77 million dollars at last week's average price. the price of bit coin dropped nearly 20% bringing down the value of the stolen bit coins to about $65 million. a shakeup at the dnc. three top officials are

. the cac in france is down 1.25%. the ftse in london off by half a percent. take a look at crude oil this morning. this was a huge story yesterday. wti dipped below $40 a barrel. ended up closing at 40.06. this morning up about 26 cents to 41.31. this is a key number here. this has been the point where the s&p has kind of linked back up with crude oil as crude oil comes down so have stocks at least at these levels. we'll continue to keep a close eye on this today. >> all right. now to the day ahead on the street. sit another busy one. you will see the june personal income and spending numbers. both are expected to rise. roughly in line with may's number. also out today july's auto sales. dallas fed president rob kaplan speaking at a conference in beijing china in the next hour. in earnings news, pfizer, pa proctor and gamble. and royal caribbean reporting before the bell. after the close, aig, electronic arts. fitbit and etsy. >>> jamie domon offering a rather upbeat view of the future. >> i wouldn't overreact to short-term data. what we see is more household formation. maikel franco

were up. the ftse is the only one down now. germany, france, italy and spain all trading higher. not much happening in asia. shanghai staying above 3,000. for a while we were worried about what was going to happen in the shanghai market. then oil, which, in my mind if it stays between 40 and 50, i don't see how that gets correlated to everything else in the world. it was pointed out to me yesterday in light of whether the fed raises in september, it was pointed out the dollar is actually lower than it was before the last hike. so any concerns that hiking is going to raise the dollar and autoo cut off. >> we assume the fed worries about that. >> the market has doning in since brexit. we heard what the elitist told us that was going to do. >> all of the economists agreed. >> 100 of them. all wrong. >>> stocks to watch today. lazy boy. hurt by weaker demand. getting clobbered. down 14%. intuit reporting a loss. first quarter outlook below analyst forecast. maker of quickbooks and turbo x turbotax. still stock is lower by more than -- nearly 5%. nimble storage reporting loss. top forecas

down .60%. cac in france is down .30%. ftse down one quarter of a%. as joe mentioned check out crude oil. crude oil unchanged right now. 48.22. we've been watching this closely. been seeing what's been happening. it has been picking ining up s >> two weeks ago. >> today's agenda on wall street. few more earnings reports to wrap up the week. deer, estee lauder. foot locker. no economic data on the docket today. however, can be the 't go a day fed speak. late yesterday, john williams argued a september rate hike should be in place. suggesting the central bank job is still to take away the punch bowl of low rates. williams says he's not in a hurry to hike. still in a qa said the less son of history is if you leave that punch bowl out too long, the police come and break up the party. >> also said it didn't feel like a party, but having said that did remind me of the chuck prince we're still dancing. >> dallas president robert kaplan says the central bank has limited room to maneuver. suggests the rate of interest is lower than people think. making it a challenging time. the neutral rate

germany. industrial production in june and france and business sentiment surprise to the upside in july after hitting an 18 month low in the previous months. this despite terror attacks and the brexit related worries. a couple of hours ago italy's high court gave the green light to matteo renzi. if he loses the vote it would open italy and europe up to further political instability. >> switching to currencies, according to reports reaching new highs ahead of the bank of england meeting last week suggesting that shorting the pound has opinion a winning trade for hedge funds as it continues to weaken here at 1:30. that's seen as a key technical level. bond traders are are betting on further stimulus from the bank of england that pushed them even lower. the differential between the u. s. ten year and u.k. ten year note reached a 16 year hawaii lighting the divergence in monetary policy as the fed looks to tighten rates after the u.s. jobs report and the boe looks for further stimulus and easing measures to offset the brexit weakness. >> thank you. coming up, apple's moment of truth. that's

used to. his team edged out france. >> in the gym, the american women looked almost unstoppable. nearly sweeping the qualifying events as a team. simone biles and aly raisman securing a spot in the all around individual competition. >> we're ready to compete in finals already. >> they'll get that chance on tuesday. while the men will be back in action during the finals. the u.s. team currently in second place. jay gray, nbc news, rio. >> thanks, jay. both ledecky and phelps are back in the pool today and kerri walsh jennings and april playing under the lights in copacabana beach in beach volleyball. >> explain the jacket. >> this is the -- >> turn around. >> can you get a look here? >> this is the jacket that the flag bearers wore on friday. mr. phelps was wearing one as well. >> can we dim the lights. i want to show one piece of this jacket off. can we dim the lights? is that possible? anyone? >> it's possible. >> it is not possible apparently. >> however, here's what's -- this has -- it's an electronic blazer here. i'm going to turn around. can you see the back here? >> yeah.

higher. in fact, the major indexes in germany and france are now getting very close to racing all of their brexit related losses. we're looking at european stocks around the 7 week high. the lack of yield is also feeling equity. something to keep in mind. as we try to analyze the health of a european consumer, check out these two specific stocks. it's europe's biggest pure online fashion retailer. that stock up better than 5% and then there's a german based travel company. they say despite security concerns and losses it's still on track for double digit earnings growth thanks to travel to spain and grease. another retailer is pandora trading higher. elsewhere, swiss insurance company posting a 12% drop in net profits but it was less than what the street was expecting as the company presses ahead the larger focus is the european investor around the debt market. spence identified pressure on the global bond yield. another fresh all time low as disappointing u. s. at a at a that came out this morning on the housing front and survey showing that british businesses are planning to cut

equities we are fractionally lower. all be it less than a percent. germany, france, uk, italy, all slightly lower. take a look at crude, which has been negative for this week after a 9% rise last week. we have 14 sent cents higher. brent up. gas is just below 150. >> among today's top stories, we're not going to talk about business right now. the death toll reaching 247. rescue efforts continue there following a 6.2 magnitude earthquake that hit 100 northeast of rome. many survivors slept outside overnight for fear unstable buildings could collapse. back here in the u.s., cleanup efforts underway in indiana after tornados tore through yesterday. crews with the national weather service say winds meeched 165 miles per hour. closed streets to nonemergency vehicles and cell phone captured starbucks collapsing with people trapped inside. they managed to survive. >>> we have weekly jobless claims. july durable goods orders comes out at 8:30 a.m. claims holds steady. that will be around 265,000. demand for durable goods forecast to rise. following a drop of 4% in june. as for earnings tod

. do we include italy and spain today? no. just the big three for you. there's france, germany and, of course, the uk down ever so slightly. 10-year note yield hanging around what has been and continues to be that let's call it 1.58 level. crude oil down after a move up a bit over the last couple days. although yeah, we've been around the 46 level for a little bit. >> it's been a level where when we get to 50, a lot of the oil producers sell a lot of futures and that's because they can -- that's a lot of debt payments. they sell futures and capture. get back to 40. and then you see more cessation of rig count but rig count up 30% this year. low base. but rig count, it's very big since the oil took out the 50 level that one day. >> i'm sure we'll get to more on oil and gas a bit later in the program. our road map starts with the last trading day of august, that's today. it's been a flat month. things could be ramping up in september. apple's $14.5 billion tax bill from the european commission is stirring up a lot of global concerns. we're going to take a look at what may be far reaching

there's france participating in this bank rally today. second quarter profits rose. on the economic front, euro zone composite pmi rose, up 53.2. .3 above consensus and the euro is weaker against the dollar. it will cost you $1.11. ahead of tomorrow's big rate decision. more signs of the fall out from brexit. business activity index for the u. k. fell almost five points in july. 47.4. that's the fastest pace of contraction for the u.k. economy since 2009 during the financial crisis. a quarter point rate cut by the boe, foregone conclusion. right now the pound as you can see $1.33 weaker against the dollar this morning. kayla back to you. >> thank you, michelle. let's get to john harwood with developments on the story from the trump campaign. >> just wanted to provide a postscript in the last couple of hours about disarray within the trump campaign about the way the candidate is behaving right now. reports from chuck todd at nbc that the republican chairman and rudy and other allies, newt gingrich are planning a weekend intervention with the trump campaign with the assistance of donald tru

the markets are in the green. the dax is up half a percentage point. the cac in france is up .70%. the ftse down just .30%. crude oil prices as scott mentioned, look, it's a pretty big deal. iea warning it's going to take a while to work it off. wall street journal says saudi arabia hit output. wti down this morning. >> scott. >>> on the agenda today. kohl's and macy's reporting before the opening bell. join in the 8:00 hour. then after the bell, nordstroms releasing results on the data front. weekly jobless claims are out. 8:30 eastern time. and export prices for the month of july. among the stocks we're watching today. u.s. prosecutors have opened a criminal investigation into valeant. hid a relationship with a specialty pharmacy company that helps increase sales from insurers. previously disclosed to the office in new york and continues to cooperate. >> what do you think about this? we're talking about fill door. >> says it's not connected to. they basically owned the pharmacy. >> it sort of the existed i think it's fair to say under a cloud of secrecy. no one knew much about

quarterfinals france and canada. but it is time for the four legged

numbers closer to 1.2 if you look at uk and france and japan. that is the problem. we've been talking about for decades. shows how out of whack it is. he's doing his part. the question is will the others follow. he's going to refloi dploi a lot of that into is the web and e-commer e-commerce. a disinstant third behind amazon and walmart: >> did you know this was going happen in 1999 when you were a retail reporter. >> no. >> no clue. >> when did you begin to know it was going to change. >> i remember 1999 may have been the year i wrote a story for the holidays for christmas the first online shopping christmas ever and we tried to see if we could do a entire holiday dinner, tree, presence ordered on online. even though equity did that, i didn't foresee that i would actually myself be doing my entire holidays all online. >> i have one story more about the tech craze than retail. i had a scoop for "the wall street journal." i also covering an $11 billion merger between technician co-and kref ron. chevron. huge deal. >> can i guess the story. >> which one. >> time warrener? >> no. less th

on bur kinneys. the full body swimsuits worn by some muslim women. france's muslim federation says the ban seems to flame religious tensions. >>> sarah jessica parker who was the face of mylan's epi pen says she's quitting her role as the spokesperson over the company's price take hike on that product. >>> olympic swimmer ryan lochte has a new sponsor all four of his sponsors dropped him earlier following the controversy in brazil by fabricating an armed robbery incident. he has signed a deal with pine brothers throat drops. the theme of the campaign, forgiving your throat. that's the cnbc news update this hour. sara, back to you. >> well, it certainly got them a lot of press attention. >> it did. i thought -- >> everyone sponsoring him now. >> i thought it would be a liquor company. i didn't figure out throat drops but what the heck. there you go. >> forgiving on your throat. thank you. >> sure. >> keeping an eye on the market reaction here from comments from fed chair janet yellen at jackson hole at the top of the hour. dow up 106 points and joining us is megan green chief econom

feet of retail per person in the united states. what does that mean? in france it's 1.7 square feet and in the uk 1.3 and japan 1.7. terry said this is ridiculous. five times the retail space in the united states compared to the rest of the world. and that has to change. he's taking leadership. that's why the stock is up. they're starting to address the overstored nature of the u.s. economy. macy's announcing at some point going to close 100 of the 728 stores that they have. gap already had earlier announced that they were going to be closing under performing stores as well. 3200. we've seen smaller closings from pier 1, kohl's, office depot. macy's is taking a leadership role here. you will see more announcements from other companies about accelerated store closinings an the reason because of the same-store sales. look at the numbers for the second quarter and what's been going on here. macy's down 2%, kohl's down 1.8%. kors down 7.6%. fossil down 3%. these are continuing down numbers from quarter over quarter. year over year. and the first quarter was even worse over all here. so

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yesterday at this time. france the leader in terms of at least downside. the 10-year note yield you ask, show you where we are. 1.54 and crude is, of course, one of the key parts of the story here. it is up, but yesterday started up, and ended down. took us with it on the broader markets. it would seem oil once again starting to core core late with the market overall. we will be watching it closely. let's get to our road map this morning. and we're going to start with hillary clinton. getting a big endorsement from a major gop player, meg whitman, as the hewlett-packard executive calls donald trump a demagog. time warner takes a 10% stake in hulu and the company raising its outlook, strong quarter, stock up on the news. we will give you more. aig shares up nicely after that company beat earnings estimates. helped by lower expenses. announcing a $3 billion increase in its buyback. by the way we will talk to its ceo peter hancock later in this hour. >> there you go. because that is the biggest upside surprise to them. >> yeah. >> aig is an interesting one to be watching. looks like it's g

with this product. >> now, there is some countries internationally where you are gearing up france and brazil you mentioned and we got a lot of coverage out of brazil with the olympics. we see some of the opportunities and challenges presented there. but what are you seeing that's different about the way the cloud is being adopted whether through desktop first or through mobile, that maybe other businesses should know about as they look to expand internationally through technology? >> well, we're seeing similar phenomenon to what we're seeing in the u.s. the tipping point has been reached in terms of adopting the cloud and some countries it's actually faster than the united states. au stral craze a mobile first and a cloud first market. so we see really strong adoption there and same things happening in the uk and in france and brazil right now is back on its feet and it's moving in the right direction and so we're seeing cloud adoption being universal and each country you tend to see a little more of a mobile adoption happening faster and another country we see it look like the united

positively. pretty positive today as you can see. germany and france up 1%. ftse 100 closed yesterday. flat. italy and spain bouncing back. we had data out of europe which will come to in a moment for you which has helped markets this morning. asia also seeing decedent trade for the most part of the back of strong close on wall street yesterday. japan as you can see, just below flat. that was particularly strong yesterday after we've seen the yen weaken since friday. >> as for the broader market picture, go across and show you oil which is gaining this morning. wti 47.33 after selling off yesterday by more than a percent. brent is inching toward that $50 a barrel level again. 49.60. up .70%. gasoline prices firm as well. as for the u.s. dollar, this has been the center of the action. especially the dollar versus the yen. this reflects short-term interest rate expectations. it is particularly tied to the two-year yield. which is also tied to where the market thinks the fed is going. we are looking at a three-week high for the u.s. dollar against the japanese above 102. it's not a huge

spain today? no. just the big three for you. there's france,

positive moves. the dax is up 1%. the markets in italy and spain. france is up .60%. take a look at currencies this morning. you'll see that the dollar is under a little bit of pressure. euro at 13.22. yen at 100.22 and pound at 131 .p 6. >>> i think these economic numbers are going the be hotter than a roll ex. >> dirtier than a possums mouth. >> i used that earlier. sara was talking over me. she wanted to take it back. what's the other one. shakier than cafeteria jell-o. he'll be on at eight. how long was he on 60 minutes? >> he was 60 minutes -- >> he's a giant. why does judicial watch have to be the only place trying to get these e-mails? why does citizens united have to sue to get at them? where are your heros? where are you journalistic heros in trying to get to the bottom of this? >> i'm looking at becky. >>> let's get you caught up on some headlines this morning. goldman sachs out with a new call on oil and rally prices saying the recent recovery is fragile and not driven by fundamentals. goldman arguing prices moved higher on expectations of a potential output freeze and fi

in france today for a funeral mass for the elderly priest killed by two islamist extremists. it was organized under tight security and burial was said to be privately held. >>> fans gathering in tokyo to celebrate starbucks japan 20th anniversary. 200 people lining up at the original store this morning. despite stiff competition, starbucks boasts about 1200 locations in japan. i'm not sure whether that was the price of a latte or not. that's the cnbc news update this hour. ty, back to you. >>> thank you very much. let's look at what the market's doing at this hour. stocks are near their session lows. triple digit decline for the dow as you see off 136 points, 137 at 18267. the s&p 500 with about a 1% decline. and nasdaq also down today by about 1.25%. oil also lower. couple of green arrows out there. mallincrodt. >> cdc director out with stark warnings. here's what he told the gang on "squawk box." >> it's hard to protect yourself from mosquitos, it means putting on deet multiple times a day on all exposed skin, wearing long sleeves, long pants when possible, staying indoors in air-

team last night. defeating france, 86-67 in the women's basketball semifinal. there will be advancing to the gold medal game against spain on saturday afternoon here. the u.s. will be going for its sixth straight gold medal. i was at the game and it was pretty extraordinary. we should say this is the 48th straight olympic win and they were drowning three-pointers, guys. pretty incredible stuff in rio. >> hey, andrew, what's been the reaction in rio to the controversy? are the athletes talking about it? i asked you about the sponsors and they're sort of in a wait and see mode. but clearly, this is going to be a big story. >> the sponsors have been in a wait and see mode. the athletes have been frustrated. i should say we talked to athletes throughout this week, some who came on camera, many probably most who wouldn't, in part, i think because there was suspicion about ryan lochte's story, some of them knew him and really weren't sure what was really going on and were trying to withhold judgment but frustration i think across the board and then locally if you look at some of the papers

3% higher. the dax for the week was up 3.34%. it's up another .3 of a percent. france and the ftse just above flat. asia was also strong. the nikkei up 4% as a whole. gdp data did disappoint. 0.2%. expected for 0.5%. the shanghai -- hong kong up. >> that's a nine month high for the hang seng. better economic data fueled the gains imt oil has been a big part of this story behind the strength in stocks. coming off the best week for oil since april. a 6% plus pop last week. that sent brent up. it's up .3 of a percent. lots of chatter about an upcoming opec meeting. will they or won't they do anything to production the stabilize the market. there are hopes for something to happen this time around. ten-year treasury note yield hovers. strong demand along with global debt everywhere in the world. if you're a safe-haven, pushing -- we're at the 150 level. see what happens after data later this week. as for the u.s. dollar, it's been weaker. that has been the story on lowered expectations that the fed will raise interest rates. the dollar is weaker against the euro. 111.69. it is stronger

things, the germ dax off t. the cac in france off half a percent. the ftse 100. the ftse mib in italy up by a quarter of a percent. little bit of strength in the banks kribtding to that. ibex in spain off by about.10 of a percent as well. as for what's happening in asia in overnight session you can see there. the nikkei in japan off by nearly 2%. the shen zen composite, mainland china ones up fractionally in this trade. >> japanese stock market you can explain with the move higher. let's show you the broader markets asset check here. oil has been a pressure point for the markets lately and there we are, below $40 a barrel on crude. even though we're higher this morning, we're still stuck here at 39.75. >> remember yesterday when we talked about we saw strength in energy on this show yesterday morning and we saw it didn't last. >> we'll see if it lasts today as well. >> people have been saying it's because of the strong dollar. dxy is a broader look at the dollar against major trading partners including the euro heavily in there. it's at a six-week low. it has been declining. there's t

%. france, ftse, spain all lower as well. taking a look at the price of crude oil. still there, 46 .21 for wti. lower by .37. the biggest market story is the dollar. dropping to lowest level since brexit yesterday. has since recovered on hawkish fed speak. the last 24 hours, atlanta fed president said two hikes were a possibility this year. euro cost you a 1.12. new york fed president suggested the central bank could raise rates as soon as next month. two key events to watch today, st. louis fed president james bullard will speak and then we'll get minutes from the last momc meeting. and it is. the euro will cost you 1.12. pound 1.30. the yen is at 100 yen dollar level. it had fallen below that yesterday. >> violating what i've asked them to do. so now we're back to maybe a couple of hikes when i think the probability had the hikes moved out to 2017. we'll see. they love to pretend they might do something to get the benefit of whatever. >> there's a lot of rumors about what's going to happen at jackson hole. about whether they're going to say negative interest rates aren't working like we

. the cac in france the ftse 100 very flat ahead of that very important interest rate information and perhaps kind of forecast. >> decision where they really hinted there is action coming the question is what. >> they call it super thursday. it's not anything primary related, but has to do with interest rates. the ftse mib in italy up.80%. we did see a little bit of strength in one key market. that's japan. you mentioned it over the past few days the yen a huge driver there. the nikkei up trading today. the shanghai composite up. the hang sang hong kong up. >> oil dipped yesterday and went bovp it. it's absolutely flat now. wti hovering around 40 level. brent inching towards $43 a barrel. we saw strength in dip in gasoline inventory. it was the dip in gasoline that folks say turned the price of oil around headed higher. as for the u.s. dollar, it has been weakening over the last few sessions. let's show you what it's doing right now. the pound is weaker and that's what you're going to be watching today into that interest rate decision from the bank of england and any action that is an

currency? in other words, if italy doesn't have the lira and greece doesn't have the drachma and france doesn't have the franc to maneuver, how would you bring back that kind of ability? >> well, the point you make is that in countries where there is exchange rate freedom, when you had negative shock, something that really hurts your exports, you lower your exchange rate and that boosts exports. the single currency took that away. you have to have adjustment in one way or another. what the eurozone is trying to do is to have the adjustment through a decrease in the wages in prices in the poor countries, in the poorly performing countries. that's really hard. they could also do it by increase in wages and prices in the well performing countries, germany, but germany says no. so that's why i think that unless they put in place the kinds of institutions we have in the united states that do allow a single currency to work, they're going to face the real threat of some form of a breakup. now, it's not going to be easy that kind of a breakup, but we've seen countries move off of a peg. we saw

. and i think that they will come back. remember, france wants them -- listen, don't take our workers, you can't have our market. and their workers are mostly eastern and central europeans and are willing to work for less than a lot of the native population, according to almost every country i deal with. understand that's what this is about to some degree. of course, obviously, fears that we have in this country about people coming from strange lands who could do strange things. so to speak. trying to be as euphemistic as possible. i don't want to fan what i regard as being -- >> potentially behind the decision to leave the you. back to interest rates, we seem to be the outlier on where we are we could tighten while the rest of the world, we say so many times, the bank of england continues to loosen if not be negative. actually penalize you for keeping in money. >> job growth, steve liesman talking about today, the thursday numbers, very strong. these are strong numbers. we are hiring people, now there's some parts of the country that are not strong. i am not in favor of rate hike, bu

was higher 1%. hang sang was lower half a percent. through is lower nearly 1%. germany.20%. france, ftse, spain all lower as well. taking a look at the

between belgium and france. >> but are they working together? are the belgians speaking to the french who are speaking to the german? >> it's always a funny thing when you're trying to get two different governments to work together. they have their own interests, they have competing interests and belgium does not spend that much money on terrorism. they spend $250 million after their first attack. new york alone spends $6 billion in counterterrorism. so you have to understand that this is a small country. they have five parliaments. they're basically in deadlock when it comes to just adjusting anything. but luckily i know that the united states has been helping with their resources, the fbi, the cia, and they've been very helpful to europe in general. >> which struck me as odd to watch the enforcement of the burkini -- against the burkini. for viewers who aren't familiar, there's a movement among muslim women when they're on the french beaches to be wearing very long pieces of -- long bathing suits that cover up the vast majority of their body, and then some french towns have actually

imprement. cac in france down by abo about .10%. the ftse flat. the ftse mib in italy off. the ibex in spain flat as well. as for the asian session overnight. we did see a little bit of weakness coming out of japan. the nikkei down over a percent there. the shanghai comp flat. >> after a new low for japanese inflation, which never is good news. as for the broader market, cross asset picture this morning. oil 47.13. down. as for the ten-year treasury note yield, we hover around the 1.55 level. tight ranges, light trading, looking for direction. maybe janet yellen can provide that this morning. let's also quickly s lly show y dollar which has been weaker and weaker this morning. the euro stronger just below the 1.13 level. the dollar versus the japanese yen. dollar under pressure. hovering above the 100 level. the pound is stronger, worth noting the data continues to show a better picture of the uk, at least immediately after the brexit vote. better consumer confidence numbers this morning keeps the pound above 1.32. gold is higher this morning on the back of the weaker u.s. dollar. it h

. mixed data. france posting fastest private sector growth in ten months. flash pmi rose to 51.6 in august. edging down to 54.4. low expectations in manufacturing loss steam. still above the 50 level. the strength in german has been quite fascinating. if you look at the production data. that fell off a cliff. despite what we're seeing in these number ofs, good to go. >> some reason for confidence then. of course we did see euro dollar ticking higher. a lot of focus on the jackson hole talks as well, exactly what janet yellen may say. let's bring you up to speed with how the equity market is trading here in europe just an hour into the session now. looking at a bit of a boost coming from the pmi data. higher now 7% across the stock 600. yesterday closed out flat. give you a view how they are playing out one by one. we have stock specific movers. you can see higher by .70%. good news coming from chris simmons on growth stats there. >> the xetra higher by .70%. in line with french cac higher. give you more details on an emissions report coming out of france in just a little bit. the swiss mar

terrorism, that's france and belgium and the uk where we might have their citizens with their passports who are isis operatives. so it's pretty simplistic. you got to have a more complex approach to these problems. >> general, you know, part of the premise of mr. trump's case on isis in general and what he would do to combat it is that isis is more powerful and worse than ever and the administration likes to point to how much damage is inflicted on isis. where do we come down on this? from a military perspective, where is isis in terms of potency relative to where it was at the peak? >> i think it has broadened its reach. the worst part of isis is thousands of western european and russian citizens who have gone to syria, been trained, fought in iraq or syria and now going back to their home nations. that's why france is in such a terrible dilemma. the population are unassimila unassimilated, angry muslims. we are in a different situation thank god because of the way we deal with immigrant populations but it is a concern and a comparative way, i remind people, isis is not a thr

we're seeing in jeremy and france. john, back to you. >> boy, how times have changed when 3% yield for portuguectugu debt is a spike. >>> when we come back, look at applied material stock. that's moving higher after raising guidance for the current quarter. ceo of applied materials joins us in a cnbc exclusive next. when "squawk alley" returns. w'. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> good morning once again everyone, i'm sue herrara, here is your cnbc news update at this hour. the u.n. relief agency say that they are ready to go back to syria now that russia is backing a 48-hour ceasefire in the city of aleppo. the u.n. suspended operations yesterday after fighting intensified. food supplies and medical services are immensely strained for the roughly 250,000 people believed to be trapped inside eastern aleppo. the red cross is ca

, the back of the oil price drive. the downside of oil. and in morning we're france lating that through to the oil and gas sector here. utilities and food and beverages both hanging on to slight gains. glancing also at the bond markets. we continue to see depressed yields. u.s. has a 10-year yield falling to 1.5%. also worth noting that guilt prices have been soaring after the bank of england move to increakreecrease stlis. >> you were talking about charts. if you look at how it's been tracking this year, very strong performance for august. in fact a breakout. down to numbers today as the insurance company has beat expectations. $739 million despite all quarter by natural disasters. >> reporter: absolutely. i'm sure the company would like to highlight the fact that some of the reforms or the change and adjustments that mario grek co-has implemented since he became ceo are starting to gain traction. we have seen disposals from the portfolio. making the case some of these businesses are just not core and a distraction perhaps and unnecessary to the kind of zurich that he is curren

of things. if you take a look at the markets, the majors, the dax and german up. the cac in france up. the ftse 100 and uk up .5% at this point. ftse mib in through up by over 1%. a lot of ups and downs there. banks certainly a huge part of that story. ibex up nearly 30% as well. green across the major europe markets there. as for what happened in asia in overnight session. if you take a look, we are seeing a bit of a mixed picture. no surprise there. shanghai comp up .20%. the nikkei in japan always the yen as part of a story there. down by about .60%. hang sang, we're going to call it flat. it's up 1 point on a measure near 23,000. you can't even measure percentage point. >> one of the biggest mover is oil. that brings us to the commodity story this mourningrning. don't get too excited. goldman sachs says it's fragile and not driven by fundamentals. moved higher on expectation of an opec freeze. though fundamentals will not add to a meaningful recovery. holding forecast steady at 45 to 50 for brent over the next year, i believe. >> 48.62 the last trade there as you are seeing. off o

france off by about the similar about. 1.25. the ftse down about .75%. spain in ibex off a percent as well. broader losses across the board. as for the overnight session in asia, let's take a look there because in many ways we're seeing still a little bit of that mixed picture, especially out of places like china. the nikkei in japan down. the shanghai composite. and hang seng and hong kong flat. marginal gains. broader markets are taking a negative tone, especially what's happening in europe right now. >>> let's go outside and show you the price of oil which has been selling off. another surprise build put more pressure on oil. flat this morning, but back below $47. brent below 49. just barely and nat gas under pressure as well. the dollar is stronger. has been stronger lately. it's weaker against the euro this morning. 112.81. >> and the british pound backing up a bit, but still above 132. as for gold, keep an eye on this. gold got hammered yesterday and so did a lot of gold minors. bouncing back a bit. unchanged this morning. that will be key to watch if janet yellen does imply the

. >> exactly. >>> tesla model s in flames in the test drive in france. nobody was hurt. pretty amazing images there. but the news is raising a new round of questions about the car's safety. we'll tell you what tesla is saying and impacting the stock. >>> starting with walmart's earnings. an eye opening beat. courtney reagan, wow quarter for the world's largest retailer. yes? >> yes. investors weren't sure what to expect from the world's largest retailer and walmart did beat on earnings. walmart's revenues beat, comp parable sales the strongest in three years. target fell for the first time in two years. walmart raises the full year forecast and target lowers the guidance. in-store shopper traffic is the difference. walmart said on a media call that performance was steady. food or general merchandise. as traffic rose for the seventh straight quarter for walmart. grocery drives foot traffic and a halo effect to lift sales of other categories. 56% of walmart sales from grocery. compared to 20% for target. both working hard to improve the food offerings, particularly organic, local product

from iran. the shipment was in euros, swiss francs and other currencies. it was made on an unmarked airplane, the palettes were physically shipped on wooden palettes of cash. the white house says this is just part of a $1.7 billion settlement of an old 1979 claim that the iranians had on money that they had inside the united states. and white house spokesman josh earnest said there was no quid pro quo between the payments and the release of the americans. >> we have not, we will not pay a ransom to secure the release of u.s. citizens. that's a fact. that is our policy. that is one that we have followed. >> now, michelle, i want to read you the statement here from paul ryan, speaker of the house who said this report confirms our longstanding suspicion that the administration paid a ransom in exchange for americans unjustly detained in iran. now, that's significant whether or not this was a ransom payment is the political debate here because of course paying any ransom out for americans would have the effect of putting a price on the head of other americans around the world who could