im: ibm is adding to its health care business. will the deal make ibm shareholders feel any better? they: and a unique approach for renters and potential homebuyers are betty: let's begin with how the markets are trading at the moment. we are approaching the lows of the session for the s&p and the dow. 1%.dow is hitting part of it had to do with use declines we are seeing in media stocks. viacom taking the worst of it, now down more than 17%. we are seeing that into other media shares. all of them in the red right now. it is yet again another day of losses for oil prices. you've got nymex crude down over 2%. the over supplier, the supply, the inventory, that is beginning to weigh on not only nymex but brent crude. glutan sachs expecting a in global supply. pim: let's take a look at the bond market in the united states. we see some buying going on in the 30 in the 10 and even the two-year. the 30-you're still under 30%. let's take a look at currencies and see how the dollar is faring against major currencies. gaining a little bit of strength against the euro. you again take a look at

an ibm shareholder. it sure sounded like warren buffett was buying more stock in ibm last quarter saying just wait until our s.e.c. filing rolls out. you obviously agree with that but ibm's been a difficult company for a few years, why is it a good investment? >> oh. well, i'm not going to go if warren thinks it's good, i think it's good. but that's also not a bad bet, right? >> maybe he cited you. >> pardon? >> if kim forrest is buying, i'm buying. he might have said that. >> that's right. he just didn't know it. no. we continue to hold it for a couple reasons. it has the largest base of very heavy-duty data users. right? one of the two biggest drivers in tech right now, first big data, second is the cloud. if you look at their product called watson, it is a poster child for both of these things can what can be done in the cloud, with big data. i think that is exciting to a lot of corporations around the world and i think they're going to come to ibm and have that sort of thing done for them. because we

shares of ibm rose today along with the broader market. and berkshire hathaway also owns a big stake in kraft heinz. today buffett played down speculation that kraft-heinz could buy the snack food giant monthelies. many it as a takeover target. late today kraft foods and heinz posted lower sales during the quarter leading up to their merger and that sent shares lower initially in after-hours trading. >>> joining us now is someone who has interviewed and covered warren buffett for many years and she's a familiar face to all of us and we're delighted to have susie gharib in the house, senior special correspondent at fortune. good to see you. >> good to see you. >> come on. >> any time. >> listen, is this classic buffett? >> really classic buffett. you put your finger right on it. he buys companies that are undervalued, sometimes unloved, unglamorous, and that where the stock may be out of favor. he bought a company that's undervalued and he's hoping over the long-term, like you said, the 100 years that it's going to see a value. the other th

because it's so challenging, a research project is teaching ibm watson to see. in the future, it could help clinicians spot key patterns quickly and precisely. ibm watson is working to make healthcare smarter every day. ♪ introducing the samsung galaxy s6 active only from at&t. tested to withstand pretty much anything life throws your way. switch to at&t and get a $300 credit with eligible purchase and trade-in. a new sea chance to tryew look. something different. this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ the 2015 cadillac srx. lease this from around $339 per month, or purchase with 0% apr financing. >>> we're back. a few hours before shake shack reports. josh? >> food consultant? >> don't even have to say anything at this point. >> as a shake shack user, i'll weigh in here. this is like a really volatile name and i think it is important to look at why it ran up to $100 last time. there were 2 million shorts during the -- 2 million shares short during the month of may. you don't have that same set-up here. you've ha

emily: you do not see apple and ibm as a competitor? meg: ibm, yes, in many cases. apple a little bit different. apple is more about the devices and they would very much like to go into enterprise, and we obviously need to defend. more on the hp inc. side, but we need to defend. as you migrate, say you are a cio. as you migrate infrastructure into the next generation that will be required for you to be cheaper and faster and more nimble, the ability to write applications in a new environment, cloud native and mobile, it will be important for you to have orchestration, monitoring software. everything has to be automated today. we have those kinds of opportunities in our software portfolio. we play in quite specific areas of software that is a little different than erp systems, like oracle or s.a.p. or salesforce. this is not our market. emily: what about the cloud? what is the hp strategy for the public cloud? are you going to be a cloud, or sell to the cloud? do you plan to take on amazon and google? emily: our public cloud offering is not designed to compete with a

im: ibm is adding to its health care business. will the deal make ibm shareholders feel any better? they: and a unique approach for renters and potential homebuyers are betty: let's begin with how the markets are trading at the moment. we are approaching the lows of the session for the s&p and the dow. the dow is hitting

ibm, hinted he's been buying more. said kraft unlikely to do a big deal in the next couple of years. >> i thought there was a lot here. i know the three reasons the market is up. china should have been down a lot. the stock market has disassociated it from the data which is terrible this weekend. second, when i look at what's happening with apple, untold but the stock has bottomed. i think that's causing a lot of happiness among people, and then this deal, prekags cast parts was down 50 points because 17% of the business is oil and gas and that has been able to pull down the aircraft business. there's a great three-minute clip, if you don't know what they do, on their website. this is basically how you build a plane. warren buffett is endorsing the 20-year cycle that boeing has talked about, and that is a very bullish thing given the fact that that cycle has been under question by mcnerney's retirement. >> when i looked at this deal, i did find myself looking at it quickly at a chart and saying wow, they're selling it

emily: you do not see apple and ibm as a competitor? meg: ibm, yes, in many cases. apple a little bit different. apple is more about the devices and they would very much like to go into enterprise, and we obviously need to defend. more on the hp inc. side, but we need to defend. as you migrate, say you are a cio. as you migrate infrastructure into the next generation that will be required for you to be cheaper and faster and more nimble, the ability to write applications in a new environment, cloud native and mobile, it will be important for you to have orchestration, monitoring software. everything has to be automated today. we have those kinds of opportunities in our software portfolio. we play in quite specific areas of software that is a little different than erp systems, like oracle or s.a.p. or salesforce. this is not our market. emily: what about the cloud? what is the hp strategy for the public cloud? are you going to be a cloud, or sell to the cloud? do you plan to take on amazon and google? emily: our public cloud offering is not designed to compete with a

emily: you do not see apple and ibm as a competitor? meg: ibm, yes, in many cases. apple a little bit different. apple is more about the devices and they would very much like to go into enterprise, and we obviously need to defend. more on the hp inc. side, but we need to defend. but let me give you a perfect exmaple -- as you migrate -- say you are a cio -- as you migrate infrastructure into the next generation that will be required for you to be cheaper and faster and more nimble, the ability to write applications in a new environment, cloud native and mobile, it will be important for you to have orchestration, monitoring software. everything has to be automated today. so we have those kinds of opportunities in our software portfolio. so we play in quite specific areas of software that is a little different than erp systems, like oracle or s.a.p. or salesforce. this is not really our market. emily: what about the cloud? what is the hp strategy for the public cloud? are you going to be a cloud, or sell to the cloud? and do you plan to take on amazon and google? meg:

we'll talk about ibm in a moment but this transaction? >> i think it shows he has faith in the airline industry. he said there's a ten-year window, maybe 20. you don't buy precision cast parts unless you think the airlines are going to continue to buy planes. 17% of the company is in oil and gas. he was able to get the bargain. it wasn't the aircraft orders. >> what did you make about his comments around ibm? he has said he's been happy because they've been able to buy back their stock but at some point isn't the low stock price a signal about the operating business itself? >> i think the problem is there's 29% to 30% that's greeing wegre growing well. it doesn't help the gross domestic product isn't growing. i keep watching the fast part and hoping it will happen. so far he's not been right but that doesn't mean he won't be right if they can somehow get that 30% to be 50%. he's a patient guy. maybe they can get 50%. otherwise he's wrong. >> we all want it to return. >> i say no because they say no. they're not in there saying there's a t

ibm watson is working to make healthcare smarter every day. >> sprint announcing it has become the latest wireless carrier to do away with two-year contracts. customers lease their phones. sprint ceo speaking out on "squawk box" about his ongoing twitter feud with john legere. take a listen. >> it's not a marketing strategy. as i said, we keep it competitive. it keeps our employees excited. he's been beating up on our employees were way too long. that's over. we're back and winning customers. and we're not going to let anybody continue to insult sprint. sprint is in the path to recovery and we don't like it when somebody insults sprint and i guess somebody like john legere, we have to talk to him in a language he understands and a language he uses pretty well. >> latest battle involves call conference. marcelo tweeted about a study that says that they've gone to last. ledger takes issue with the numbers. >> numbers going back and forth, and frankly i think we're both marveling. these are major ceos and maybe everybody else should be more like

here it is, the ibm personal computer. it puts a lot of power in a small package with many competitive features." concept to completion took twelve months. a remarkable turnaround for the time. and given its capacities - "it plays bridge. it plays checkers. it balances checkbooks. it could be used for a typewriter. it could be used for word processing applications. it can communicate with other personal computers over the telephone line." i.b.m.'s personal computer was unlike anything anyone had ever seen. the p.c, as we'd come to know it, was born and information technology would never be the same. "i personally believe today's announcement will take its place among such historic events as the introduction of the punch card, direct access storage devices and network technology." today, many of us carry our cell phones with us at all times but there was a time in history, when folks lined up at pay phones to make calls. and the once-standard device got its start in august of 1889. nearly two decades after the invention of

. >> i think ibm is in the ha have-no have-nots. in technology we spend a lot of time debating what's the best approach. i think in the tech sector you want to favor some of these mega trends, whether it is mobile advertising or the semi-content in automobiles. that's the way to position within tech. the problem with being a value investor in technology is book value is never a very good metric for these stocks. so ibm has been growing earnings but they've been doing it through buying back their own shares, cutting costs. at some point that growth algorithm runs out. >> david, you look at these names and some of the names that you like, if you had to pick one that you thought was, hey, a pretty good value with some growth thrown in as an extra cherry on top, who would it be? >> key connectivity is a play on more and more electronics but sells at a very reasonable valuation. they just closed a deal allowing them to buy more than $3 billion stock in the next year. we think it has good business and stock price momentum and you are gett

those big hardware slingers, ibm down 10%, hewlett-packard down 6%. the results that we just saw showed in the last year cisco has been up 4% in terms of revenue. when everyone else's falling back, hewlett-packard especially, spending billions and acquisitions, cisco is going despite the expenditures. emily: all right. cory johnson, always giving it to us straight. thank you. now to a story we are watching. tindr took to twitter in a 30 tweet rant against vanity fair on the dating apocalypse. tinder took offense and an epic way. our intention was to highlight the statistics that are sometimes left unpublished and in doing so we overreacted but the tweets open up to questions. alex joins me to fact check some of these tweets. let's start with this little gem. tinder suggesting many users in china and north korea find a way to meet each other. is it possible to use tinder in china? i believe you have to go through facebook. how many tender users are there? alex: you have to have a virtual private network computer that looks like it is based in china bec

ibm analytics helps one hundred thousand officers work smarter every day. >> global market on edge as dpreek stocks crumble. economic data on focus. wall street counts down the big jobs report. we will talk stocks interest rates and more with global chief investment strategist straight ahead. >>> breakb news this hour new data on car sales coming out. we'll get chryslers numbers and look ahead at what the rest of the industry is expecting. phil le beau will take us behind the wheel. >> is there a look at luxury sales? robert frank crunchs the numbers, the final hour of "squawk box" begins right now. >> welcome gak to "squawk box" here on cnbc. we're just now about 90 minutes away from the opening bell on wall street and the futures right now are mixed. the dow is surging, up 6 points. the nasdaq up fractionally. less than a.. if europe, it's mixed as well after what happened. we did have shanghai down a little bit today. europe now actually got green arrows. >> it's do you know smidge. >> 1%. up 40 points or so. greece is down more than 20% after the stockm

a bunch of these are techs, ibm, cisco systems. all of them have big repurchase programs.mobil as well. if you're looking for a place to hide, i believe it's in these stocks in the share repurchase pride. >> thank you very much. >> thank you. >> john naf therrien. we're going to be narrowing down those names with a little help of crowd souzing. two mayking big moves, gold and copper. where? we'll try to find out. that's ahead. need to hire fast? go to ziprecruiter.com and post your job to over one hundred of the web's leading job boards with a single click. then simply select the best candidates from one easy to review list. and now you can use zip recruiter for free. go to ziprecruiter.com. and i am a certified arborist for pg&e.ughes i oversee the patrolling of trees near power lines and roots near pipes and underground infrastructure. at pg&e wherever we work, we work hard to protect the environment. getting the job done safely so we can keep the lights on for everybody. because i live here i have a deeper connection to the comm

those big hardware slingers, ibm down 10%, hewlett-packard down 6%. oracle's hardware business down 6%. the results that we just saw showed in the last year cisco has been up 4% in terms of revenue. when everyone else's falling back, hewlett-packard especially, spending billions in acquisitions, cisco is going -- is growing despite the expenditures. emily: all right. cory johnson, always giving it to us straight. our editor at large, thanks so much. now to a story we are watching. we have tons of popcorn out for this one. tinder took to twitter in a 30 tweet rant against vanity fair on the dating apocalypse. bottom line, the article cites tinder use for the rampant hookup culture in it twentysomethings. tinder took offense and an epic way. they said, "our intention was to highlight the statistics that are sometimes left unpublished and in doing so we overreacted ," alex joins me to fact check some of these tweets. let's start with this little gem. tinder suggesting many users in china and north korea find a way to meet each other. is it possible to us

ibm watson is working to make medicine smarter every day. ♪usic: etta james "at last" (plays throughout) sometimes, at last doesn't happen at first. ♪ ♪ your dad just kissed my mom. ♪ turning two worlds into one takes love. ♪ helping protect that world takes state farm. >>> welcome back. crude oil prices hitting six-month lows on new signals of growing supply and demand in china. the energy expert who called the bear market in oil. tom is with the oil price information service which tracks the energy service. he has been bearish since last summer. good to see you back here again. all right. so europe the guy in the know. it's $45 here. where is it going? >> these prices are very reasonable but i think they're going lower. some other analysts, and i'm like the milli vanilli of analysts, actually right now we've been through the best demand cycle in terms of july and june we've been in in a while. i think you could see another 10% pullback, certainly $40 for wti and $45. looks like they're reasonable and that will be an overreaction.

ibm watson is working to make healthcare smarter every day. [whirring drones] just stay calm and move as quietly as possible. [whirring drones] no sudden movements. [screaming panic] [whirring drones] google search: bodega beach house. [drones crashing] >> dickerson: back now with more of our panel, susan page with "usa today." michael gerson is columnist for the "washington post." jonathan martin covers politics for the "new york times." and ed o'keefe is with the "washington post." jonathan i want to pick up something that you said. you talked about maybe keeping donald trump out of the future debates. i want to read you something that lindsey graham said in response to trumps fight with megyn kelly. i think we crossed that rubicon where his behavior becomes about us, not just him. i hope the party leadership will push hard. we've crossed a line here that can't be ignored there's no more tiptoeing around this. who is the party leadership who is going to do this? >> that's the problem. that the captain control what these networks do in terms

ibm watson is working to make healthcare smarter every day. why should over two hundred years of citi history matter to you? well, because it tells us something powerful about progress: that whether times are good or bad, innovators with great ideas will continue to drive the world forward. as log as they have someone to believe in them. for more than two centuries we've helped progress makers turn their ideas into reality. and the next great idea could be yours. >>> shares of twitter hitting their lowest point since the ipo. and apple breaking below its 200-day moving average. is this a sign of trouble in tech land or just cracks in the bull run for two high flyers. we'll go inside the sector straight ahead. >>> the ceo of paychecks breaks out the latest read on small business and the economy. plus we'll look how south carolina governor nikki haley is trying to make her state the hub for american manufacturing. >> a documentary to show the quest for number five. her partner in the project, dick's sporting goods as the countdown to the final h

ibm watson is working to make healthcare smarter every day. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. >>> you can't camp in maine when you were up there. >> no, we slept in a house. >> you slept in a house. there will come a time with your kids, kyle and maybe the girls, you're going to need ghost stories. >> we're already those. >> you ar

ibm analytics is working to make education smarter every day. the drought is affecting at pg&e we've definitely put a focus on helping our agricultural customers through the drought. when they do an energy efficiency project and save that money they feel it right in their pocket book. it's exciting to help a customer with an energy efficiency project because not only are they saving energy but they are saving water. we have a lot of projects at pg&e that can help them with that and that's extremely important while we're in a drought. it's a win for the customer and it's a win for california. together, we're building a better california. >>> two big headlines coming out of big oil. cameron international, one of the premiere providers of flow equipment products, oil services, is going to be bought by oil services giant schlumberger, for what works out to be $66 per share. >>> watching transocean, announcing plans to cancel its next two dividend payments and take asset write-downs of more than $2.1 billion. the oil services firm and oil driller, th

ibm watson is working to make medicine smarter every day. no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. ♪ introducing the samsung galaxy s6 active only from at&t. tested to withstand pretty much anything life throws your way. switch to at&t and get a $300 credit with eligible purchase and trade-in. >>> jpmorgan playing on lower requirements for credit scores and down payments for buyers of jumbo mortgages. a good sign possibly signaling a new chapter in the post-financial crisis housing market. on a range of housing headlines, we are now joined by sheryl palmer ceo of taylor morrison homes, a home builder in nine states across the u.s. i have a pretty good f

ibm watson is working to make healthcare smarter every day. [whirring drones] just stay calm and move as quietly as possible. ♪ [whirring drones] ♪ no sudden movements. ♪ [screaming panic] ♪ [whirring drones] google search: bodega beach house. ♪ ♪ [drones crashing] ♪ >> dickerson: back now with more of our panel, susan page with "usa today." michael gerson is columnist for the "washington post." jonathan martin covers politics for the "new york times." and ed o'keefe is with the "washington post." jonathan i want to pick up something that you said. you talked about maybe keeping donald trump out of the future debates. i want to read you something that lindsey graham said in response to trumps fight with megyn kelly. i think we crossed that rubicon where his behavior becomes about us, not just him. i hope the party leadership will push hard. we've crossed a line here that can't be ignored there's no more tiptoeing around this. who is the party leadership who is going to do this? >> that's the problem. that the captain control what

erik: why is it that you have your sights set on ibm specifically? >> i know the article came out about the trash talking ceo. ibm feed about 203 times between 2010, and the first quarter of 2015. we won 39 of those back, and we want them all back. our technology is superior and our liability is better. we are terribly effectively in this marketplace. it is just a large marketplace, and these breaches have caused an awareness that these data are russia's. so if you bad actors that graham from one database and another, they won't to get $20 -$500 record there is a wish list and not market place and that is our sweet spot and i want to own that franchise. erik: i cannot imagine that the only things you lost word to ibm. well? who else? >> we have a world-class infrastructure company, and we compute them for these large solutions, where we stop these 240 gigabits attacks to take down websites. you have seen reports of past about the fbi being notified about ransom being paid for sites that do not want to be shut down. we have a cloud-based offering for

because it's so challenging, a research project is teaching ibm watson to see. in the future, it could help clinicians spot key patterns quickly and precisely. ibm watson is working to make healthcare smarter every day. >>> welcome back to "squawk on the street." i'm carl quintanilla with sarah eisen and simon hobbs. david faber is off today. another tough day for the markets. the dow down 200 points. hanging on now to a 17 handle. we haven't had a 16 handle on the dow since last october. oil is managing to put a couple green arrows on the board. let's get to rick santelli with breaking economic news. rick? >> if we look at the most contemporary, the august read for the philly fed index and that is 8.3. how does 8.3 fit in? the high of the year was 15.2 in june. the lower the year was 5 exactly in march. you could see it kind of fits right in between those levels. if we look at some of the internals, we have philly fed new orders. actually moved down a bit from i believe it was 7.1 to a bit under 6. 5.8. if you look at employment, i know it is after employment.

ibm watson is working to make healthcare smarter every day. >>> we are back. yankees are in first place. >> 5 1/2. >> 5 1/2 games. >> manager joe girardi joins us tomorrow. got some news he wants to talk about, a new app. learn about that tomorrow. go under the radar and a few things traders are watching. you're watching a couple of names which were down and now are up. >> materials space, just got to watch them. eagle materials and louisiana pacific reported crummy numbers and the stock is open down 5%. now both up about 6% so maybe the material stocks have gotten a little oversold. >> interesting names and interesting moves. >> michael block? >> yeah. just real quick. want to talk about the reits, everyone thought the fed would raise rates. i think they have been overlooked and will be a nice source of income that will catch up on everything. >> rates staying lower for longer than were may think means reits and other plays may work well? >> pete. >> keep an eye on the airlines, continue to rock 'n' roll, delta. >> virgin america, it's back. >> good day, ever

hp and ibm not doing what is well. turnaround thea past few quarters but we went from negative sales growth shrinkage to actual sales growth. that is a positive thing for the company going into the quarter. maybe that was just a way for john chambers to ride off into the sunset and a happy manner. today's quarter could be interesting not just what we hear about the quarter ended in june, and also, the end of the all year, but what they will say about the coming quarter and what they will say about competition. doesn't really matter whether there is a new chief executive, or is this a company mainly run by its customers to go in other words, big move and customer orders. does not matter who is at the helm of cisco. a couple of dramatic factors affecting the business. things that cisco has never seen before. most specifically, companies like apple, face, google and amazon building their own routers, their own tech knowledge ease that are specific focus for exactly what they want to do. cisco making the argument they can

ibm analytics helps one hundred thousand officers work smarter every day. can a a subconscious. mind? a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? >>> it's hard to believe now, but when hurricane katrina hit new orleans, everyone thought the city dodged a bullet. no direct hit and wind damage was minimal. and then the levees broke. exactly ten years ago today, the day after landfall, we became aware water was pouring into the city and an epic disaster was unfolding in slow motion. >> there are entire neighborhoods packed with thousands of people who would kill to get to the convention center. they're stuck in their homes. the water's 10 feet high. what we're seeing at the convention center, all of the pictures could just be the tip of the iceberg. >> we're suffering. we're suffering here. >> everybody lives here from paycheck to paycheck. we don't have the money to get out of town like they want us to do. >> it's just a devastating sight to

stuart: do you own, ibm, keith? >> do not only personally, family doesn't own it and company doesn't recommend it. stuart: gotcha. verizon are cutting two-year plans and introducing monthly plans for fees is. jo, what are they doing. >> eliminating two year-lock-in contract. have you pay month to month. as a result fees will be a little bit higher. another thing you should note, if you are used to getting your iphone subsidized for the big update with the two-year contract, you are not longer going to get that instead you will pay for the phone in installments if you choose not to pay up front of the so it is more expensive for the convenience. stuart: okay. so you get convenience but you get more expense. >> don't get locked in. stuart: verizon's stock is up on the news. not locked in. >> for two years, yeah. >> let's be clear here. verizon is playing follow the leader here. t-mobile, john legere, ceo did away with contracts a couple years ago. at&t has plans to do it later this year. stuart: got it. back to the bi

ibm watson is working to make medicine smarter every day. you can't always see them. but it's our job to find them. the answers. the solutions. the innovations. all waiting to help us build something better. something more amazing. a safer, cleaner, brighter future. at boeing, that's what building something better is all about. ♪ >>> welcome back. while the debate over the iran nuclear deal is the one dominating foreign policy discussion this summer, we'll be reminded in about a week of the one-year anniversary of trying to take on isis. we're reminded all the time of the brutality of isis. in fact, this week the group released footage purports to show the ancient city of palmyra in syria. the humanitarian crisis is reaching syria. as hundreds of thousands release, while those that suffocated in austria in those drowning off the coast of libya. here's a chief foreign correspondent richard engel with more. >> reporter: the only part of the u.s. strategy against isis that's on target so far in the u.s. air strikes. last september the u.s. administration announced a wa

ibm analytics helps one hundred thousand officers work smarter every day. a can a business have a mi?r a subconscious. a azknack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? lt >>> it's hard to believe now, but when hurricane katrina hit neusw orleans, everyone thought the city dodged a bullet. no direct hit and wind damage was minimal. and then the levees broke. exactly ten years ago today, the day after landfall, we became aware water was pouring into the city and an epic disaster was unfolding in ow motion. >> there are entire ner.ighborhoods packed with thousands of people who would kill to get to the convention center. they're stuck in their homes. the water's 10 feet high. what we're seeing at the convention center, all of the pictures could just be the tip of the iceberg. >> we're suffering. we're suffering here. >> everybody lives here from paycheck to paycheck. we don't have the money to get out of town like they want us to do. >> it's just

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ibm analytics is working to make education smarter every day. no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. >>> a major expansion of the suez canal was opened in egypt this week. the project surrounded by big expectations. hadly gamble is live in cairo where it's currently 106 degrees fahrenheit. welcome to the show. >> reporter: thanks. essentially these people are calling it their gift to the world. 22 miles of canal at a whopping cost of $8.5 billion. basically they had to move about 200 pyramids of dirt to get this done. they've also spent big bucks on promoting this new suez canal. you have the ability now to go both directions on this canal where before you

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ibm analytics from the internet of things is making energy smarter every day. everyone is looking for ways while to cut expenses.s unique, and that's where pg&e's online business energy checkup tool can really help. you can use it to track your actual energy use. find rebates that make equipment upgrades more affordable. even develop a customized energy plan for your company. think of it as a way to take more control over your operating costs. and yet another energy saving opportunity from pg&e. find new ways to save energy and money with pg&e's business energy check-up. >>> the payroll company adp saying total private jobs in july rose by 185,000 in july. june was revised down by 8 to 229,000. here's the report we bring you every month. 185 is the number. goods up 8,000, services up 178,000, there's the -- 215. so this comes in a bit like maybe in guys out there may say we may be a little heavy no nonfarm. >>> and then if we go to the next board, we'll look at business size. >>>ed hate the market. it's not that. i don't like bad news. that's the only thing. i

ibm is buying merge health care in a deal worth $1 billion. the firm will combine with big blue's new health analytic unit. shares fell to 156.32. merge soared to $7.10. >>> coming up, as more companies offer more perks for employees, are they raising the bar? and will it change the workplace as we know it? >>> sobering statistics. the corn belt region seeing decline. the average value of crop land in the corn belt, which includes illinois, indiana, iowa, missouri and ohio, fell more than 2% from a year ago. the drop reflects those lower corn and soybean prices. >>> we told you last night netflix announced an employee benefit generating a lot of buzz, allowing new parents to take an unlimited amount of parental time off at full pay after the birth or adoption of a child. perks have become the norm -- that have become the norm in the silicon valley are not the norm in the rest of the country. so are catered lunches and limited vacation days making it hard for other businesses to compete for talent? jacob morgan is an expert on the subject and a

maker and then they were gone. >> ibm has to do a little delivery. they're catering to warren buffett and doing the bayback but at the same time people want growth. you're not getting growth from a lot of the old enterprise part of ibm. anything data analytics has a lot of rez sans. this is some week. you're right. >> cisco gets cut today at morgan stanley. >> i thought chuck robins did a remarkable job on the conference call. i urge people to listen to the conference call. i think it's writing off chuck robins after one quarter. that is not what he intends the company to be. there are certain people who come in and you'll see that their record, it's like football, a new coach comes in. don't write them off. that's a big -- >> their argument is that recycling, they're going into r&d cycles that are tougher. they have to keep reinventing. the growth right now is the result of a product refresh. >> and what happens. let's say they buy three companies in cyber security and the next thing you have a soup to nuts play and you say what was i thinking? they

ibm is buying merge health care in a deal worth $1 billion. the firm will combine with big blue's new health analytic unit. shares fell to 156.32. merge soared to $7.10. >>> coming up as more companies offer more perks for employees, are they raising the bar? and will it change the workplace as we know it? >>> sobering statistics. the corn belt region seeing decline. the average value of crop land in the corn belt which includes illinois indiana, iowa missouri and ohio fell more than 2% from a year ago. the drop reflects those lower corn and soybean prices. >>> we told you last night netflix announced an employee benefit generating a lot of buzz allowing new parents to take an unlimited amount of parental time off at full pay after the birth or adoption of a child. perks have become the norm -- that have become the norm in the silicon valley are not the norm in the rest of the country. so are catered lunches and limited vacation days making it hard for other businesses to compete for talent? jacob morgan is an expert on the subject and advises

ibm analytics is working to make education smarter every day. feduring sleep train's sundaytriple choice sale. to save big for a limited time, you can choose up to 48 months interest-free financing on a huge selection of tempur-pedic models. or choose to save hundreds on simmons beautyrest mattress sets. you can even choose $300 in free gifts with sleep train's most popular stearns & foster mattresses. the triple choice sale ends sunday at sleep train. ♪ sleep train your ticket to a better night's sleep ♪ >>> retail definitely in focus. shares of kohl's down more than 10% after the company reported a sharp decline of profit. raising concerns over the turn around plan. macy's reported disappointing results and lowered their full year guidance. is this trend likely to continue? should we be worried about it? joining us, oliver trend, the senior analyst. we are left with this clash between the micro and the macro. the broad numbers came in in line. what is going on here? >> there are a bunch of factors. >> we think the consumer is a little bit