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office depot officemax. gear up for school. gear up for great. . >>> welcome back to "first look." we have isolated severe storms even at this hour of the morning. one of those is about to go through downtown baltimore area. could see winds gusting 50 to 60 miles per hour at worst case that could down trees and power outanges outages. stay in your house as this blows through. there's lightning with that too in the north side of baltimore area. we're not going to see a ton of severe weather, be but will see isolated strong storms. further north around philadelphia, we have one to two storms we're worried about. that's going to blow on through. then things slowly improve throughout the rest of the day. we have isolated strong storms that we'll be watching throughout the afternoon hours too. that will be mostly boston new york city southward down toward areas around new york city. here's a different look at the storm that went through new york city earlier and now looking better. 37 million people at risk late this afternoon. it will be isolated. no

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office depot officemax. gear up for school. gear up for great. >>> welcome back. just to remind you of the headlines, u.s. markets on course for a rebound. futures pointing hard, the dow closed at its lowest level since february. >>> shots fired outside the u.s. consulate in istanbul. this is just hours after the bombing of seven people. >>> and flying mess. tech shares within one dollar of the tech ipo price. u.s. foreign payroll data for july disappointed on friday with a total of 215,000 jobs being added. falling short of the 223,000 expected by analysts. the u.s. dollar finished the dollar up. against the euro market still saw enough strength in the data to support the case for a september rate hike. stills with from new york is the head of en global strategies, global markets. daniel, let's talk about some of the your top trades. i notice that you're particularly bearish on the mexico peso. tell us why that is? >> well, the main story is the central bank divergence. again the mexican bank is trying to hide behind the fed a

office depot officemax. gear up for school. gear up for great. >>> welcome back to "squawk alley." the dow trading up 213 points. industrials are helping lead the way there. boeing, caterpillar up as is apple. at one point all 30 dow components in the red this morning. s&p up by 1%. nasdaq up by nearly 1% as well. spot gold at session highs and some moves in oil on the back of headlines out of greece and stimulus in china. berkshire hathaway plans to buy precision castparts in an all cash deal worth about $37 billion. down by three-quarters of a percent. buffett is paying a pretty penny and a rich multiple for that company. warren buffett did join squawk box talking about what this deal means for his company going forward. in terms of a deal of similar size what we will probably do on this one is we'll probably borrow about $10 billion and use about $23 billion of our cash on that order. we'll be left with over $40 billion probably of cash when we get all through. >> wide-ranging interview on "squawk." good

office depot officemax. gear up for school. gear up for great. >>> sharps of twitter are bouncing back today along with the rest of the market. on friday the stock sank to lows it hadn't seen since the ipo. now some executive including jack dorsey are buying stock, and that is giving shares a boost. we're also watching shares of shake shack. that one up more than 200% since its ipo earlier this year. can it report growth to live up to that? that's the question. we'll have the results after the closing bell. >>> we have the close in the metals market right now. gold is up. it's up by just about $10.30 an ounce. it is still hovering above that $1,100 level. it had been falling for seven straight weeks, but today touched its highest level since june. silver, copper, palladium, platinum, let's take a look at where the rest of the metal complex is closing. we're seeing green arrows across the board. silver up by 3%. copper up nearly 3%. platinum up 2.5%. palladium up by 1.7%. >>> the bond market, mr. santelli must be away. that mean

office depot officemax. gear up for school. gear up for great. >>> major losses on wall street, all averages are down close to 3%. s&p is down more than 3%. the dow in the first 90 minutes of trade traveled more than 3,000 points. meanwhile, the nasdaq very close to entering bear territory down 18% from its highs. bertha coombs is live at the nasdaq with more. bertha? >> reporter: a wild, wild day, kayla. we've seen the nasdaq more than 670 new lows this morning. 410-point swing just at the open, down over 8% at one point. you have apple hitting a new low. traders saying there's just no buyers to be had. apple was getting near positive about an hour or so ago. pounding the table saying as the market worries about slowing growth in china potentially taking a bite out of iphone growth, analysts there say, quote, they are about to embark on their next phase of strong growth on an iphone 6/6s product super cycle. still, the stock technically weak at the open and throughout the day here, every stock at one point in the nasdaq 100 st

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office depot officemax. gear up for school. gear up for great. >>> it's time now for the justice files. the jury came down with a split verdict in the new hampshire prep school rape trial. owen labrie is not guilty of four charges including three sex assault felonies, but a jury did find him guilty on five charges including misdemeanor sex assault and a felony of using a computer to seduce a minor. as each verdict was read, you could see the emotion on labrie's face. >> guilty or not guilty? >> not guilty. >> you say, madam foreperson, that the defendant owen labrie is not guilty? >> yes. >> so say you all, members of the jury? >> yes. >> guilty or not guilty? >> guilty. >> you say, madam foreperson, that the defendant owen labrie is guilty? >> yes. >> so say you members of the jury? >> yes. >> this trial put the sex culture of an elite private school, st. paul's, in the spotlight. labrie's defense argued he contacted the victim as part of a student tradition. it involved senior boys sleeping with younger girls. the school rele

this week, these office depot brand notebooks just one cent. office depot officemax. gear up for school. gear up for great. is. >>> our next guest was a major player at microsoft, a top exec for two decades, leading the launch of the original xbox console. robby bach, is microsoft's former chief xbox officer. got your book, been flipping through it. a game plan for corporate and civic renewal. it reads like one of those books that somebody writes because they're going 0 run for a big office. are you running for governor, senator, president? >> i have no intention of running for office. my deal is -- about civic engineering and trying to help people and giving people tools to improve our communities. and so it sounds a little bit political in its genesis, but in fact, i think the best way for me to help is to help others, have impact. >> you're still in touch with steve bolmer and your days at microsoft. satya nadelia doing the right things? moving away from some of the consumer plays like xbox. although he says he still loves it. he's going in the no fun productivity

office depot officemax. gear up for school. gear up for great. ♪ ♪ >>> of all the innovations to come out of san francisco in the past decade the advent of the sharing economy may be among the most significant. companies like air bnb and uber call the bay area home, putting san francisco at the epicenter of a brand new industry. ride-sharing company lyft is also based anywhere california and it's garnered big investments from the likes of carl icahn and dreessen horowitz. we wanted to find out a little more about lyft so we sent guy out to become airlift driver for a day. here's what happened. ♪ >> hey, it's guy. i'm out here in hoboken, new jersey. and today i'm going to learn to be airlift driver. i just finished my training session where i learned how to pick up passengers for lyft. i downloaded the app. when a customer requests a ride it tells me where they are, what their name is and where they want to go. let's wait for some passengers. ♪ wow, looks like i got my first pickup. it's laniya and she's not that far aw

office depot officemax. gear up for school. gear up for great. >>> welcome back. iran is planning to buy up to 90 billion airbus planes once sanctions are lifted on the company. tehran purchases the planes from airbus and boeing in equal numbers totaling 300 planes in five years. iran intends to use the planes for state funds. >>> the united states has give the go ahead to air strikes in syria to defend against attacks from isis as well. hadley joins you around the set with more on this significant increase. will it continue to increase from here? >> i don't think anybody would ever give you a straight answer on that, judging from what we've seen i would say that that would probably be the case. the united states is spending something like $9 million a day in this fight against the islamic state. and they're not getting visible results, are they? and now they've made it visibly to keep the united states safe. with service men getting captured in terms of a terror abduction scenario but this plays into the hands of what presiden

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office depot officemax. gear up for school. gear up for great. >>> all right. well it was a story that gripped the entire country this past summer. how could two escape in prison and go unfound for so long. richard interviewed a man that was key in bringing it all to an end. >> as an agent a, chris knows how to find people. >> your job right out of academy is to track individuals. if you cannot track a human being, cannot do the job of a border patrol agent. >> he doing tell tack teams in texas. now the video and showing the team chopping in the area of a reported siting and during a manhunt. >> we would get called to and respond to and even in the area. >> the call that came june 26th of shots fired near a highway like another false lead. >> we had to check it out. at that point it did not look like we had things to count on until one came out to me and said that they heard could haghn the wood line. >> then one of his men spotted one. >> at that time i broke to get an angle on the situation, and as i was making my way to the

office depot officemax. gear up for school. gear up for great. >>> he is no stranger to controversy, calling him the world's greatest rock star, and calling himself, quote, god's vessel. but kanye west may have just topped it all with his latest comment. listen in. >> i have decided in 2020 to run for president. [ applause ] >> i think we should replay that again. that's epic. >> and first lady kim. >> first lady kim, can you imagine. >> what's amazing, when i read about the story, i assumed he was saying it tongue in cheek in a sarcastic way. but clearly he was saying it. i don't think you've noticed but there's another election that's to come first of all that will take focus. >> i wonder if donald trump has encouraged other tv personalities to say, hey, if he can run, so can i. >> anyway -- >> they do have a lot in common. they're both successful in their respective industries. donald trump, kanye west. they both have pretty wives. what else. they're controversial and provocative. >> keep going with this. >> i'm just saying,

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office depot officemax. gear up for school. gear up for great. >>> when u.s. air flight 1493 crashes into sky west flight 5569, the aftermath is horrific. 22 people on the u.s. air flight, including the captain, are killed. all ten passengers and two crew members in the small sky west plane also die. >> i wouldn't expect that the -- anyone on the sky west to have ever understood what happened. it was instantaneous. >> investigators immediately begin the grim task of finding out what went wrong. john cox, who is now an msnbc aviation analyst was an investigator for the airline pilots association at the time. >> as an investigator, it is one of the tougher ones i had worked, because there were still some of the bodies were still in there. these things are always catastrophic to work. but it is absolutely vital that a group of people do this job so that we understand what happened and don't have a reoccurrence. >> while poor visibility from the tower to the runway and glare shining into the tower are part of the problem, investigators focus on air t

office depot officemax. gear up for school. gear up for great. >>> developing now, the man accused of killing a memphis police officer is in custody bringing a tense two day manhunt to an end. treemaine wilbourn is behind will bars on $10 million bond. he's facing first-degree murder charges in the killing of officer sean bolton during a traffic stop. willbourn turned himself in yesterday. on sunday the police director called wilbourn a coward. >> i want to make sure that he was okay. he said yes. he wanted to make it a point to say that i want you to know one thing and i asked what was that he said i want you to know that one, i'm not a cold blooded killer and i'm not a coward. >> adam reiss joins me from memphis with the latest. so are we learning more about what happened during this violent confrontation? >> reporter: yeah, the police presence here in memphis was so intense after he fled that skrencene he knew he had no place to hide he really had for choice but to turn himself in. as you mentioned, he had a conversation las

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this week, these office depot brand notebooks just one cent. office depot officemax. gear up for school. gear up for great. >>> it's just before 1:00 p.m. on november 28, 1979. air new zealand flight 901 is about to give passengers like frank christmas, seen here on board the powerful dc-10, an upclose view of one of the most remote and foreboding places on earth, antarctica. >> ladies and gentlemen, the aircraft is just over 10,000 feet. >> dave was excited to think that he was the commentary on board that would them all about it. >> but today the earth isn't cooperating. majestic 12,000 foot mount airbus is shrouded in clouds. collins asked air traffic control if it's possible to make his descent. >> they got destructions at jim's request to circle lower and be able to show their passengers something of the area. >> 237 passengers are straining to get a glimpse of land marks, like the station they should be seeing any minute. when suddenly the warning system blares out in the cockpit. [siren sound] the flight engineer starts to read off their altitude. 500 feet. 400

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office depot officemax. gear up for school. gear up for great. >>> there are several new developments this morning in that massive explosion, two explosions that rocked the chinese port city of tiangen, and now reports of possible toxic fumes. more than 48 hours after the two explosions, some fires are still burning. there was a small explosion at the site of the rubble earlier today. this as teams of chemical experts and military toxic waste specialists are scrambling to figure out what materials were being stored at the now leveled warehouse. right now 56 people are confirmed dead with more than 700 others injured and over a dozen firefighters still missing. nbc's ian williams has more from t ir tiangen. >> reporter: at least some comforting news this morning, a teenager pulled out alive. nobody expected that. biochemists have now arrived, saying they don't precisely know what toxins they're dealing with. the fire rajd ged on this morni thick, black smoke bill lowibil into the sky. more than 20 died in the blast and 13 are st

office depot officemax. gear up for school. gear up for great. >>> 20 minutes past the hour. here is a look at the politics. the feud between the white house and the brothers seems to be intensi intensifying. >> the fact is that coke industries has spent tens of thousands of dollars if not hundreds of thousands of dollars lobbying congress. these are available disclosures in support of those kind of policies to say nothing of the millions of dollars that they have spent punishing those candidates that did not side with them. when the president decides that we're going to take on a challenge that washington has resisted for too long that the special interest including the millionaires and billionaires that have benefitted from that paralysis start to swequel. >> yesterday in iowa she explained what she wants the american people to know. >> my use of personal e-mail was allowed by the state department. it clearly wasn't the best choice. i should have used two e-mails. one personal and one for work, and i take responsibility for t

office depot officemax. gear up for school. gear up for great. >>> you're watching "worldwide exchange" and i'm seema modi. >> welcome back. these are your headlines from around the world. >> a big market day. there's no reprieve for investors. the dow is on course for a 300 point loss after friday's biggest one day decline after four years. >> another selloff in china with the shanghai composite posting its biggest fall since 2007. investors reacting negatively after beijing pulls back on a rate cut. >>> wti is stuck below $40. let's take a look at u.s. futures. the dow is down significantly, about 300 points in premarket. nasdaq off about 123 points. keep in mind the dow and nasdaq are officially in correction territory, down 10% in the recent highs. the session overnight in asia not helping sentiment. the renewed slowdown in china being the big concern. the shanghai composite index lost nearly 8.5%. the hang seng index down another 5%. the japanese any time you see it as a safe haven and looking at it broadly feeling the pai

office depot officemax. gear up for school. gear up for great. >>> is hillary clinton cutting her campaign short to return to the campaign trail. she's back in iowa laying out her plan. agriculture is a major driver of the state economy. clinton is pledging to invest in rural business and infrastructure. clinton has won the support of two key iowa democrats. less than two weeks ago senator tom harken endorsed here. hillary clinton has the backing of the former governor tim vilsack. now she's working to keep from voters in the safe. a new poll out of iowa shows hillary clinton at 54% and bernie sanders at 20%. she's still faying questions of her use of private email server. here is what she said during a news conference in iowa a short time ago. >> i know people have raised questions about hi e-mail use as secretary of state. and i understand why. i get it. here is what i want the american people to know. my use of personal e-mail was allowed by the state department. it clearly wasn't the best choice. i should have used two e-ma

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this week, these office depot brand notebooks just one cent. office depot officemax. gear up for school. gear up for great. sal: where are we at with this job? fabio: it'll be done today. lemonis: artistic stitch was once a very successful custom-embroidery and silk-screening business in queens, new york. at one point, they were bringing in around $2 million of revenue and making a profit for sal loretta and his partner nick. then, they had a big idea. [ baseball bat cracks ] first, they moved into this new building -- a 28,000-square-foot warehouse. and then, they began to create new businesses -- a sports complex for kids, an italian restaurant. sal: it's a multiplex of businesses that really work together. lemonis: that's what's called a mall. it was a huge idea, just not a good one. sal and nick got away from the business they actually understood. and with the bigger rent... so you actually owe him $120,000? ...their future looked bleak. sal was the idea guy, and nick was in charge of sales. nick: the biggest tool we use is yellowpages.com. lemonis: that was a job

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office depot officemax. gear up for school. gear up for great. they don't worry if something's possible. they just do it. at sears optical, we're committed to bringing them eyewear that works as hard as they do. right now, buy one pair and get another free. quality eyewear for doers. sears optical >>> welcome back. earlier today the reverend al sharpton interviewed hillary clinton on his radio show. he asked clinton what she expected to hear on voting rights during tonight's republican debate and if she even had time to watch the debate. >> i don't think i need to watch it to know that nearly everyone standing on the stage in the first or the second debate has either actively sought to limit the ride to vote in their state or supported the efforts to limit the right to vote. they were not governors, but were in the congress. i personally think it is so nakedly partisan to try to limit the electorate to try to pick and choose who among our fellow citizens should be encouraged or discouraged from voting, it is part of their electoral strategy. >> w

office depot officemax. gear up for school. gear up for great. >>> welcome back. shares of mondelez hit an all-time high after bill ackman announced a huge stake in the company. disclosing 7% maker. shares are slightly lower. david faber here to explain why. >> you know, it's a surprise in all ways. of course you say one of the things that surprise, company's stock at all-time high, not a place you would see activist playing. the biggest we've ever seen, the largest single position on the initial taking of that position we've ever seen at 5.5 billion. makes him the largest shareholder at mondelez at 7.5% owner. of the company stock. yet to see the 13, but it's coming and we will see it. i'm told not to expect much more than we know, he believes the company can improve on its margins and the like and also sees possibility and/or likelihood at some point of consolidation in the industry. but that is the area where many people certainly are surprised, at least to hear, because the thought has been for some time that mondelez is do

office depot officemax. gear up for school. gear up for great. just in case you were wondering what cheerios are made of whole. grain. oats. >>> 18 minutes past the hour. time now for a republican debate version of "scrambled politics." last night we analyzed social media data to find out what you were talking about most can during the debate after crunching numbers from facebook and twitter. here are top moments starting at number three. >> you've called women fat pigs, dogs, disgusting animals. >> only rosie o'donnell. >> your twitter account has comments about women's looks. you once told a woman on "celebrity apprentice" it would be a pretty picture to see her on her knees. does that sound like temperament as someone that's president? how would you address hillary clinton's charge at you you ath part of the war on women? >> part of the problem is being politically correct. i don't have time for total political correctness. to be honest with you, this country doesn't have time either. >> i think you're on the wrong side of this if you're still

office depot officemax. gear up for school. gear up for great. they don't worry if something's possible. they just do it. at sears optical, we're committed to bringing them eyewear that works as hard as they do. right now, buy one pair and get another free. quality eyewear for doers. sears optical >>> back to our breaking news, two journalists shot to death live on television in virginia. we're learning more about the shooter. vester flanagan had an apparent troubling work history, one that may point to a motive in this shooting. today the general manager of wdbj addressed the history candidly on the air. >> vester was an unhappy man. he quickly, um, became -- gathered a reputation as someone who was difficult to work with. he was sort of looking out for people to say things that he could take offense to. and eventually, after many incidents of his anger coming to the fore, we dismissed him. and he did not take that well. we had to call the police to escort him from the building. >> it wasn't just wdbj where flanagan faced these problems. flanaga

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office depot officemax. gear up for school. gear up for great. did you leave behind something reliable? something that felt like... home? and now you can't connect the way you used to... because you switched wireless carriers and are getting a less reliable connection. it's okay. we're still here for you and we'll be happy to have you back on a reliable network. come home to verizon and get 10 gigs for $80 a month plus $15 per line. only at verizon. >>> i'll never forget you jon. i will be trying. >> good riddance smart [ bleep ]. >> just when i'm running for president. what a bummer. >> see you pip squeak. >> what has nine and a half fingers and won't miss you at all? this guy. >> i'm sure you'll be missed by somebody. >> there's a lot of things happening around the world that keep me up at night which is why i relied on you to put me to sleep. >> i'm jon stewart. i'm dumb. i'm stupid. nah nah. so long jack [ bleep ]. >> that was a host of political figures saying good-bye to jon stewart. virtually every correspondent in the s

office depot officemax. gear up for school. gear up for great. i'm a senior field technician for pg&e here in san jose. pg&e is using new technology to improve our system, replacing pipelines throughout the city of san jose, to provide safe and reliable services. raising a family here in the city of san jose has been a wonderful experience. my oldest son now works for pg&e. when i do get a chance, an opportunity to work with him, it's always a pleasure. i love my job and i care about the work i do. i know how hard our crews work for our customers. i want them to know that they do have a safe and reliable system. together, we're building a better california. >>> welcome back. we've got politics. donald trump is in south carolina today. one of many states where he's leading in primary polls, keeping constant pressure on his republican rivals. joining me now for our "daily fix" molly ball and chris cillizza, msnbc contributor and found irer of "washington post" blog. chris, i want to start off with you. have you here in studio. new quinnipiac poll s

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office depot officemax. gear up for school. gear up for great. i'm a gas service rep for pg&e in san jose.. as a gas service rep we are basically the ambassador of the company. we make the most contact with the customers on a daily basis. i work hand-in-hand with crews to make sure our gas pipes are safe. my wife and i are both from san jose. my kids and their friends live in this community. every time i go to a customer's house, their children could be friends with my children so it's important to me. one of the most rewarding parts of this job is after you help a customer, seeing a smile on their face. together, we're building a better california. >>> ahead, two big legal cases tonight starting with the major development in the sandra bland case. today her mother filed a wrongful death lawsuit targeting the arresting officer. >>> also, it's the disturbing video everyone's talking about. showing a third grader restrained in handcuffs. is there any justification ? shopping online... ...is as easy as it gets. wouldn't it be grea

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office depot officemax. gear up for school. gear up for great. >>> former president jimmy carter is expected to make a full recovery after undergoing elective surgery. the 90-year-old had a mass removed from his liver yesterday. he travels extensively around the world including visits to middle east and south america. he won noble peace price for humanitarian work in 2002. >>> complete nightmare at a new hampshire fairground after a circus tent collapsed tilling two young children. the tent came down during a severe storm killing a boy, a girl and injuring 22 others. winds reached speeds of up to 60 miles per hour at the time of the collapse. officials are now looking into how the tent was constructed as part of the on-going investigation. >>> major flooding in florida and historic wildfires that continue to rage in northern california. the so called rocky fire is threatening 6,000 homes and remains 12% contained. state of emergency has been declare along the national guard to join the fight. not fires but floods cause problems

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