to the markets desk over there where abigail doolittle has the latest. abigail co. a nice rally for the u.s. equity markets. the dow, at the s&p and the nasdaq are nicely higher. the dow up more than .5%. health care is dragging. it is all about the financials. this includes wells fargo, jpmorgan and the bank of america. this could be in anticipation after janet yellen speech that rates will move higher this year that the fed could move rates once and twice. come we have the committee out to say that large banks are not having capital issues. in fact they are managed to raise $1.3 trillion. as for another asset class on the move, we are looking at wheat. it deserves a look because we and a huge breakdown here after jackson hole, it's sliced .hrough buying support and turning now to the energy complex, a tale of two stories. and intrading lower fact, at the lowest level since august 16 but when we take a look at the one week chart, here -- gas is trading higher on the heat on the coast while oil could be trading lower on the dollar strength. vonnie: dallas abigail do

abigail doolittle has more from the nasdaq. abigail: we do have quite a rally on her hands with the index trading at session highs. all 10 sessions are higher now as well. this was not true in the morning when health care was dragging. that's helping to explain why the nasdaq is at session highs. this does follow weekly declines on the nasdaq. , ahad a weekly chart here weekly chart of the nasdaq and what happened last week that really stands out, we are looking at a reversal pattern highlighted by yellow arrows and we have seen it three other times over the last year. into the slide in may and the possibility that this weekly outside campbell mason just the nasdaq could take a bit of a breather. as for what is helping the nasdaq, micron shares are up 2.9% as deutsche bank takes its price target higher, citing the recovery in dram pricing. micron turnaround in a big way, up more than 15%. bloomberg intelligent analysts expect that recovery in pricing to them. upgrade to an output format wells fargo with one analyst citing the t

gaining.q abigail doolittle is that the nasdaq. abigail: this may come as a bit of a surprise considering that the nasdaq is just about flat, but this is a very exciting trading day for the index, considering that today's closing direction is likely to show whether the nasdaq and close higher on the week for seven weeks in a row. nasdaq's six-week winning streak will be broken. does weekly trends are very important to pay attention to. now helping the nasdaq the most, helping on the side of the tug-of-war to the bullish side, apple, the biggest boost today. this stock has not managed to hold onto its gains over the last two sessions. i.ther big boost is nvidia big growth in terms of earnings. revenues grew by 24%. even more impressive is that shares are up more than 160% over the last four months. we looked into what is behind this. strong execution from management and the fact that the company is moving into new segments away from gaming. as to whether the strength continues, it could have to with whether the strong gaming cycle c

let's go to the nasdaq with abigail doolittle. hey, abigail. there we are friday at the end of the week, minutes before the close and the nasdaq is right around flat after very small gains and losses all day. lastis a mirror image of friday. also, going into today, last friday, the index was up a little bit more than 1/10 the 1%. exact same scenario. and how the nasdaq closes, whether it is up slightly or down slightly, will determine whether it can put in its eighth weekly winning streak. since 2012. weeks it's interesting to see. if it does put in that eight-week winning streak, it will be again since 2010, which last time, that winning streak right before, oliver, the great flash crash. behind the tension, we have some winners and losers. on the losers side, shares of the organic food company down huge on the week, down 30%, having their worst week of performance and 13 years after paint celestial said that there celestial said there were reporting issues. they had to abandon their full-year target. we were fortunate enough to speak to joe v

abigail: we have quite a few movers here. chipotle mexican grill, shares are higher on the news, the report saying they believe the inpany had improved from 21% july and expect that strength to continue in september. the company chipotle mexican grill did, on free promotions for food saying they were not sure what the effect of that would the but saying perhaps that is helping. herbalife is having its best day in more than a note -- more than a month up 3%. carl icahn had increased his stake. quite famously by another billionaire investor bill ackerman. 17% this year. a roughly $1 billion position. he may be down about $900 million and finally taking a look at micron, now up three as price targets had been taken hire. saying they really like the recovery in this helps to explain why the shares of micron are up 15% year to date. it is literally last chip pass is worse -- worst mastec 100 stock. mark: thank you. a drugmaker will start selling a cheaper and generic version of it at the 10 -- of the epipen. this is bloomberg. ♪

nasdaq whereo the abigail doolittle is standing by. on friday, itally took the nasdaq to a record closing high today. down just slightly, .2% right now. is, isstion around that it possible for a move higher or from consolidation? are we looking at a brief pause before a move down? the answer will rest with the includingig sector tech and bio discretionary. we do have the nasdaq biotech index down more than 1% on pace for the worst drop in about 15 days. and nasdaq sector overall. as for the biotech sector, it has been on fire. it comes in the context of what has been a pretty brutal fair market. it is still down more than 25% from the record. he thinks biotech is not out of the woods yet. drug pricing concerns. analysis, thisal is a new market in biotech. we take a look at the 200 day moving average. tells usullish and it that buyers are becoming much more interested over the longer term moving average. it is downward slightly, so that is perhaps a little bit bearish. the last time we had the moving average, it moved back down. >> i wi

abigail doolittle has the latest. abigail: the nasdaq is trading modestly lower. one stock tracking on the nasdaq today is alpha that could could be on speculation that off of it may buy twitter. some investors think this is not a good fit. ironically, twitter is sharply higher, best day since august 15. there is news that apple that has teamed up with mitsubishi ist financial group around android pay and this is another example of a big tech firm tapping japan's growing digital payment market. there was news that apple may be paynering with sony for technology could speaking of apple, shares are slightly higher today, snapping a five-a losing streak. of course, the news yesterday that sent shares spiraling down was the fact that the company had been ordered to pay up to $14.5 billion in back taxes. ireland had given the company some tax breaks. ie,ortunately, vonn this overshadowed at the iphone announcement. apple is having a decent month, up, david, 2%. david: thank you very much. abigail doolittle in midtown manhattan. congress and send 11 of michigan wrote --

that is abigail doolittle with us from the nasdaq. joe: check out that the retailers were shorter left month, the slowdown following what this august quarters in years. and it could cold in the third quarter. there isn august, but an that there could be uncertainty. here to break down the numbers carl, a u.s. economy is mountain of data this month, what did you see that stood out? carl: retail sales where the main focal point. we also had some other economic releases on inventories and wholesale inflation. the real story here is, after the last couple of years, we have seen the retail sales performing very well in the second quarter. in 2014, 2050, each year for casters got excited that forecasters got excited that they were having a breakout for the economy, that the sluggish growth was going to give way to an above trend expansion. but in each of the years, momentum faded at the back half of the year, so that is the concern now. joe: this is the chart we are looking at, the wholesale sales, personal consumption, tell us what we are

abigail doolittle at the nasdaq. thank you so much. scarlet: critics who say that argue thatvervalued its revenue model isn't this a noble. our guest says you need to look at reinvestment differently. joining me is the ceo of fortunate advisors. go about would you measuring amazon's performance correctly? >> when we look at the revenue of any company, we want to look at the amount of cash flow it generates compared to the expected return on revenue. they spent last year over 12 billion dollars on research and development. if we treat that as an investment, it opens up a whole new way to look at their numbers. they are earning over three times expected return on invest ors. is the implication of your approach essentially that it any given time they could turn off the r&d and it would be , but that thesher underlying business model is extraordinarily profitable? >> exactly. if you look act get walmart in back atay, -- look walmart in its heyday, it's free cash flow was negative, but over 20 years, it was one of the best-performing stocks

abigail: the biggest drag is often apple. matt: apple, microsoft, intel. abigail: all tech. matt: thanks very much for that report. joe: shake shack sales are projected to rise 6% in the quarter, stark contrast to the rest of the industry overall. restaurant traffic is flowing from the strong start in 2016. according to data -- joining us from princeton is michael halen of bloomberg intelligence. he covers restaurants, department stores, and food. michael, talk to us about the headwinds facing this industry. why are we starting to see a run up? theael the biggest thing is difference in the cost at home versus away from home. that is the most pressure the restaurants are seeing. there is significant for depletion. food manufacturers cut their prices were keep prices stable, whereas the restaurants are facing higher costs due to minimum wage increases. they are raising prices to present, 3% annually. -- 2%, 3% annually. is causing that gap the spread. -- as it spreads, people vote with their pocketbooks, stayed home, backing their lunch. scarlet: does that point to a recession

you so much come abigail doolittle. explores only, showed 1/10 annually and experts for data this year they will find even less. explorationt their to the bone, a new supply discovery since 1947. the crudethis mean to outlook? and analyst joins us from houston. much.you very this kind of discovery i imagine does not show up in the price immediately. into a while to turn production and hit the market. ultimately, this has to be a medium-term, someone bullish for the oil price. when do we expect to see market ramifications of a dramatic slowdown? >> thank you for having me on. you're right there is a long lead time associated with this. longer-term volumes wealthy three to five years from now. one of the questions that we get well-positioned to fill the gap if we are not as wind today. in an area where we see the biggest amount going forward is right here. spots,the few bright approach and $12 billion in the m&a market, a testament to the world-class states that it is. ,bout 100 and 65 in the region up from a low and ther

today young abigail turner officially abigail ruth novotny. say i love you mom. i love you mom. (clapping)" abby had been a foster child living with anne novotny since 2013. "i'm a social worker who took my job home with me." anne says it's best when foster children can go back home, but when they cannot... "and when they can't go home we just grow a little more" anne now has one biological child and seven adopted children. abby makes eight."i get choked up even now. it's never ever the same. exciting." the judge joked with abby and her siblings. judge and abby say: "it's hearby ordered... that talisha, mya, sara, megan and tommy will clean my room (laughs)" abby attends st. coletta's day school and most of her classmates were with her today. "they are so su pportive and so much more of our family. an exio staff are just as excited about abby's adoption as abby's family. "and i'm just so proud abby you're going to be able to sign your name this year abby novotny on all your stuff. are you really excited to do that? yeah" abby was a foster child through "saint a" for about two ye

abigail has been in anne novontys foster care for three years...but today she legally became her mother. 'thats all it is, she already was family but now shes officially family.' to witness the joyous occasion - abbys classmates at st. colettas day than 20 students came to support her...with cards and gifts to celebrate. 'its the first day of school but this is where we needed to be.' abby also gains 8 siblings today - 7 of which are also adopted. 'i foster and when kiddos, obviously with foster care our goal is to get them home and when they cant go home, we just grow a little more.' 'abby will continue to go to st. colettas day school where 2 of her siblings attend. as for ann, she says her home is reporting at childrens court - julie collins. fox 6 news.' many of the students at st. coletta day school are adopted... to learn more about that school and foster care in wisconsin, visit fox6 now dot com or the fox6 news app -- and click "links." backpack buddies are back! help fox 6 and feeding america eastern wisconsin make sure kids get enough to eat and are ready to go to any sendiks

abigail: it looks like the

abigail: apple shares are not at their highs but boosting the nasdaq. commenta mid bullish thinking that apple could see a million the range of 5 two 6 million iphone units due to the fact that the quarter has next week. members may not take this into account. that proves interesting, we have had year-over-year declines in growth, that has been the big story on apple and that is expected to continue into that first quarter. the year-over-year declines are very small, so if there is a bump to numbers, maybe the growth will return sooner than expected. doolittle down at the nasdaq. joe: retail earnings are in full swing. macy's reported this morning. the retailer surged the most in more than seven years. after it announced its closing of about 100 of its doors, will the strategy work as brick and wanes andt traffic traffic switches to online? our guest has a hold recommendation on acs and nordstrom. macy's and nordstrom. investors liking the fact that macy's is going to close about 100 of its underperforming stores. how long will this hold last to the sto

and the nasdaq now, abigail doolittle. abigail: it is relatively lackluster trading for the 0.1%. today, up small gains and losses. the most on the nasdaq today is jenna ron, down more than 5% after the company's second-quarter earnings and a aspect cut investments. myth.is a small revenue what investors are keying in on in a negative way is the fact there are higher costs the company's internal pipeline. drug, thehat eye strength could continue. it could be a turnaround stock later in the year. a the other hand we have winner for a loser up somewhat modestly, 0.5%, celgene. this is up, beating analyst dean. they believe the 2020 targets are achievable and represent upsides. they established a price target of $138 per-share, suggesting 18% upside is possible for the shares of celgene. vonnie: what about more broadly? abigail: we have been talking all year about a bear market in biotech. recently within that, we are looking at a bull markets. we have seen this in the one-year chart of the nasdaq biotech chart. trough to 25 percent, peak moved up. it is a bull market within the bear

now to the nasdaq where abigail doolittle is standing by. abigail: when we last spoke, we were all talking about how quiet the trading action was for the u.s. equity indexes. that all changed. we had the nasdaq index kick down sharply. democratic as presidential nominee hillary the 10 said that the at price hike is outrageous, saying it is taking advantage of consumers. down four days in a row and all thehis is setting off biotech sector, the index down more than 3% at this point. the reason it matters is last summer, it was hillary clinton who tweeted about concerns around drug pricing and that set off the bear market in the biotech index here it would take a look at the chart of the biotech, going into the bloomberg and current test pulling up gtb 3012. zeroe the bear market at and roughly 29% when we were creating the chart, the biotech index was shipping so much, it was not easy to put in what exactly the number would be. a recent uptick in the green. it recently moved into the ball up 18.5%ow it is only off of that bottom. saying of tha

abigail mendoza and her sister refina are zapotecan -- original people from mexico before the spanish. before the aztecs. this is her restaurant, where abigail has been grinding corn by hand, making masa, and moles like this, the ridiculously faithful time-consuming, difficult traditional way, she was taught to make these things. and the way she's been making them since she was 6 years old. look at her hands by the way. small, surprisingly delicate given all the hard work, all the pushing, kneading, grinding, stone against stone over the years. then look at her forearms. the power there. it's impressive, and beautiful. >> alejandro: every time you enter a house in oaxaca, especially in small villages, they always offer you a shot of mescal. >> anthony: mm, so good. seguesa. a mole and chicken dish. this mole sauce, like a lot of the real old-school moles made by masters like abigail, uses 35 different kinds of chile peppers and takes more than two weeks to make. do you think that, until recently, until guys like you, that mexicans were not looking back at their own food culture, they

abigail: indeed. up 1.3%, now higher on the year. another top percentage performer, and also a top point boost for the overall priceline, busting the bearish trend of quarterly reports and guides from competitors expedia and trip advisor, beating earnings ebitda estimates and raising the third quarter view for bookings guidance, which many see as an important factor. an analyst at jefferies has raised his price target to $1700 on priceline, suggesting the stock could climb about 17% from current levels, so lots of strength here for the nasdaq. vonnie: let's check in on the bloomberg first word news. courtney has more from our new york newsroom. courtney: donald trump 's running mate mike pence is brushing off republican concerns of turmoil in their campaign. the indiana governor spoke earlier on nbc. >> the only poll that really matters is on election day. i have to tell you, as we canvas out less this week, donald trump in florida, we're seeing tremendous crowns, tremendous enthusiasm, and -- crowds, tremendous enthusiasm, and i rea

let's go to the markets were abigail doolittle has the latest. abigail: great to be here. good to see you in person. we do have a nice rally going on here for u.s. stocks, the dow s&p 500 and nasdaq are all nicely hired. we see the bullish activity accelerating for the day. nice exemplified the dow having its best day since august 5. we pull up a chart in the bloomberg, beautiful rally. this is where we started. we are now nicely higher on the best day for the dow since august 5. of the s&p 500, it is a bit a different story. we have the s&p 500 languishing to some degree in a range interestingly unchanged over the last 10 days despite some of the choppiness in the range. individual movers, let's look at stocks moving on music news, starting with amazon and pandora. up nicely on the news out of a report from the financial times that the company could want a streaming music service very soon. perhaps as soon as next month. pandora is nearing a similar agreement but unlikely in september. when we throw serious into the mix, slightly higher and andorra has flipped into the re

i'll be playing the part of abigail yuengling or whatever you call me, and with lines that i just made up myself. that might not make any sense, but we will give him another go. this is actual actor here. let's see what he's got. i'll give it a big action and start out. okay? billy, when we were in madrid, last week, i thought my trust in you had returned. i thought the world was once again at our fingertips, but then, i saw the way that you looked at the made. and then the bartender, and then the bell boy, and the music just died. and in a way so did i. >> i was going to wait to do this. but when the moment is right, listen, i've let you down nor times than i can count. and the fear of that is what kept me from doing this. until i was firmly reminded of how temporary all this is, and how lucky i am to have you, our kids, your friendship, your love, and your fate in us. i love you. victoria, would you open up that beautiful heart of yours and let me back in to stay? will you marry me again? >> that sounds good. all right, women, thank you so much. that was awesome. and it will be a big

we go now to abigail doolittle at the nasdaq. abigail: we have some interesting stuff going on here. the nasdaq open on pace for a record high. just slightly above the levels needed to make the record closing high. excuse me, i am being dive bombed by a fly. it will be interesting to see if the nasdaq can in fact close at those levels. apple, this is interesting. the new york post is reporting part inle could take the right share company, lyft. just moments ago, we were fortunate enough to speak to an git.yst at beach ye they have the right people and this could help, this potential opportunity in the future could help to make up for the slowing iphone. scarlet: part in the right one of the stories today is best buy, which has been a big winner here. what sort of ripple effect to say for the nasdaq company? abigail: this is gopro, shares are sharply higher. let's take a look at the bigger picture. when we take a look at the 14 month chart, we see a huge downtrend. the maydown but up from low. andpoke to someone earlier the questi

abigail: the good news, we have the nasdaq off the lows. looking at a we're selloff for the nasdaq, the worst selloff since the end of june. it seemed to come out of nowhere, as is often the case following five days of gains. before those five days of gains, the nasdaq was alternating between gains and losses every other day -- relatively small gains and losses, so a wishy-washy market has given way to the sellers. we have sin a bit of a reversal -- seen a bit of a reversal. this has everything to do with biotech. we see the index has been down for much of the day -- down 1.8% in the early afternoon, but indexaround 2:45 p.m. the spiked higher, driven largely by biogenic on a "wall street journal" report that allergan and merck might be interested in buying biogenic. appellee both of the companies have had private parliamentary talks with biogenic. part of this could be the big drop from the 2015 peak. you can say in some ways the company was on sale. our team speak with an analyst who said he and another bloomberg intelligence analyst mont

abigail doolittle is at the nasdaq with more. go: we have the nasdaq fluctuating between's -- abigail: we have the nasdaq fluctuating. up 20%.re aboved $.50 in cash, well the initial offer back in april. the shareholders are probably pretty happy about her. these are all biotech stocks here for the nasdaq. on thethese stocks scarcity. similar andis very could come with a big price tag. a rare disease company. it could fit very well but however, what is interesting is it does not have it modeled to break even until fiscal year 2018. investors and companies may be willing to pay up for that. this is actually not m&a, it is more special it -- speculation. people saying they could be bought in the price probably coming somewhere around 23-20 four dollars per share. the stock is already up 46% this year. $23 per share suggests the stock could move up by 20% from the current levels. the japanese rival, diversification, industrial and consumer and auto save haven. >> nina has more from the newsroom. leaders are meeting today to discuss

shall we go to abigail doolittle? abigail is live at the nasdaq. what do you have for us? abigail: it's a true summer friday for the nasdaq. down just slightly right now, as scarlet was talking about. there's been one standout winner all day we have been taking a look at, and that is applied material shares on pace for their best day in more than three months. materials put up what is called an impressive quarter. as for that raise, they did take their fiscal fourth-quarter sales above estimates by as much as 17.5%. 's raise the guidance there. behind the strength is new orders from chipmakers looking to upgrade their equipment, plus strong demand from flat-panel companies. this stock is now up 58% year to date for its best year since 2003. scarlet: what about for the week? what stats are you looking at when you consider the nasdaq for the past 5 days? abigail: right now we are on the cusp of whether the nasdaq could put in its first eight week winning streak since april 2010, so in six years. behind attention, on the laggards side we are looking at some of the mega cap na

abigail doolittle has more. abigail: it is another record-setting day for the nasdaq. we do have the nasdaq on pace for another record close. that will happen if it closes above 5262. the end x put in a new high. far as what's going on, we have another strength day in biotech. the emanate mania from yesterday, it took biotech stocks sharply higher yesterday. there could be more m&a activity and its carrying through today. to the not a surprise berg intelligence analysts. back in june, we said the valuation from the biotech bear market set the stage for this sort of action. brian abraham said yesterday with the recent i give he would could he heading into a dealmaking season. it could be next. another stock trading higher today is gopro. -- trading high on the best buy blowout quarter. we had a great dialogue this morning with someone saying those results are not meaningful. it's more so for fitbit. it suggests the gopro consumer is healthy. 60%stock is down more than over the last 12 months. weak fundamentals led to that decline. some investors may be excited for the n

thank you, abigail. let's check in on the first word news this morning. crews arey, rescue using their bare hands to search for survivors from yesterday's killer earthquake that flat in three towns in central italy. 241 people died and hundreds more were injured. many of the buildings were built centuries ago and have not been retrofitted to withstand earthquakes. estonia, angela merkel says the eu faces hard work to overcome the u.k.'s departure. she called it a watershed moment. she gathering opinions before the eu summit next month. least 13 people were killed on the attack of an american university in afghanistan. 3 dozen were wounded. it started with a car bombing, then to attackers opened fire. the siege lasted nine hours. no one has claimed responsibility but the taliban is suspected. the obama administration is international lending bank for a second term. global news 24 hours a day powered by more than 26 hundred journalists and analysts for more than 120 countries. this is bloomberg. a down day for european equities after sentiment plunged in au

abigail do leader -- doolittle at bloomberg intelligence. >> thank you. i would like to bring the etf analysts into the conversation. this may be a week before the long labor day weekend but a lot happening. we did have janet yellen's big speech at jackson hole last week , and we have seen quite a reaction around many of the asset classes the possibility that the fed will tighten. tell us what you are seeing around the dollar etf's. >> right. the one seeing the most action is the powershares dollar bullish. it traded 70 million friday. there is definitely some heat around it. goes long the dollar index by shorting a basket of currencies. this is heavily developed markets. one, thete on that newer one but getting bigger is trade the wisdom bloomberg dollar index. at has emerging-market currencies and there. and a littleerse cheaper. it is going a little faster. >> both are taking up on the expectation rates would go higher. today's news is around apple and the news that the company may taxes4.5 billion in back around ireland giving a tax break. which compa

for more on that we have abigail doolittle. abigail: we are looking at some weakness for than the nasdaq. are some of most the well-known mega cap names associated with the nasdaq including apple, cisco, and amazon. first two the index's day law since june 27 and the end of the brexit bottom. that could be interesting if that takes place. cisco reports today after the close. analyst for the third time in a row are looking for a small year-over-year decline in revenue. we also have a report saying cisco could lay off as many as 14,000 workers or 20% of the workforce. another drag on the nasdaq e offered a disappointing fiscal first-quarter earnings guide. ubs downgraded their shares to a sell. vonnie: what about some bright spots? retail --e have some apparel retailers trading quite higher including urban outfitters on pace for its best close in about four years. very solid second quarter. they beat earnings estimates. children's place offered a better-than-expected guide for the full year. boosted guidance by as much as 20% bot

abigail doolittle at the nasdaq. joe: china's economic data showing some positive trends on producer prices, consumer price is, factory deflation, all of which points to stabilization for the economy. some saying china is not out of the woods just yet. michael, thank you for joining us. it's china data week this week. what is your read so far? do you see signs of stabilization? >> one funny fact is we are expecting better than expected data. we still have three years of falling prices. with that said, it's starting the trend in the right direction. there was one piece of bad data we should focus on and that was in poor. generally a bad sign for the domestic economy. still not seeing a lot of robust demand. >> what do you -- that might be a sign of diminishing slag in the economy but what do you attribute that to? >> you still have a slowdown in china so we are trying to balance the economy away from industry, more toward consumption but it's a very hard into do. what's really stabilizing the economy isn't that you su

abigail... so young and a mother. my heart just breaks for them. jenn. i am so sorry. >> jennifer: [moaning] what... >> kayla: hi. >> jennifer: kayla... [groans] [exhales] belle?

abigail doolittle reporting live at the nasdaq. that real estate is where good deal of opportunities lie. joined bloomberg goern earlier today. >> we are seeing additions to the commercial property side that are likely to have a significant impact. certainly, we have seen significant increases in the amount of multifamily housing under construction being delivered in some places like san francisco and new york. that is where the first new supply occurred i suspect we will see it across as more multifamily housing is available. i have been kind of a bear on for some time. i see a lot of movement in the office space arena by do not see a lot of growth. who areue to see users more more clever of needing less space, and therefore, less demand. on the single-family side, i don't know enough about the numbers that you just quoted in terms of housing. issue oni think the housing has been the fact that there has been very little inlity to generate demand what we call the starter levels. ultimately, our entire single-family system has been

alix: abigail doolittle joining us from the nasdaq. we have shown you a bit of my conversation with liz myers, head of equity capital markets. in addition to the new stock offerings, liz was also an advisor on the new film "equity," about women, ipo's, and wall street. sarah megan thomas joins us for part of that conversation and they told me that there was a key man behind the movie. i wrote a letter to jimmy lee, who want to williams college. find vestmentd to bankers to meet with me, i thought that connection might help. alix: this is like a cold letter. >> i went to williams and he met with me. he was just that kind of guy. the film is in memory of him. he was the one who introduced me to liz and liz took the meeting. alix: why did you take the meeting? hi, i'm going to make a film and i want to talk to you. what was the inspiration to you? liz: if jimmy lee recommend someone, it's always a good idea to follow through. i was intrigued by the thought that there was this woman who is interested in portraying wall street with a differ

abigail doolittle, thank you very much. the s&p 500 index is on pace for its best day since august 5, rebounding from a three-day slide. our next guest says sustainable gains need to be predicated on faster earnings growth. thanks for joining us. i just want to get your take on the last few days in the market. spoke, we sawllen a big rally in everything at the same time, then reversed. today were seeing a reversal of that. what do you make of the market action recently and what we learned from the fed speakers in jackson hole last week? >> not much, or not enough to dispel the confusion. confusing because on one hand, we know september is if you listen to the comments by janet yellen and other members of the fed, what is apparent is that even if the fed growth this year, it will be a shallower, shorter cycle than we've seen in the past. thatconfirms the notion it's still a low environment. the combination of better economic data, people are not overly worried about the fed. that's producing some good market movements. >> we

abigail doolittle is standing by to tell us about all of the action. abigail: we have the nasdaq gaining a small amount of steam into the close of the trading day. it has been a wait and see trading day with the nasdaq opening slightly lower and trading ever so slightly higher for much of the day. perhaps investors are waiting for the big jobs report on friday before more of a directional cue. beneath that is a lot of movement pier 1 of the big losers of the day, shares of the apple supplier to happen down more than 10% all day on pace for the worst drop in more than a year after a fiscal first-quarter growth estimates, fiscal growth quarter markets, all of this by a very solid sales -- he says the growth margin miss is masking sales and related aroundre outsourcing and says the sales beat could find you a rant for business,related perhaps a positive. turning now for the winner of the day, a company up nice the on paper, more than a year after a modest second quarter. it looks like what analysts really like here beyond that solid quarter is a very good

record and more from the nasdaq, we go to abigail doolittle. abigail: the index hitting an entire -- an all-time intraday high, just below those levels right now. the question around this new high for the nasdaq could be, are there more records to come? something we have seen with the s&p, new records over and over. the index quickly retreated and dropped 18%, so this will certainly be an interesting macro story to watch. as for today, we do have the index higher. let's take a look at the big winners. front, we ares looking at microchip and charter communications. microchip be estimates on the first -- fiscal first-quarter. charter put up a nice second quarter as well, eating sales estimates. it looks like the strength for charter is coming from their internet subscribers. internet business is up 12%, year over year for $3.1 billion in revenue. vonnie: other winners -- are there other winners today, given that it is breaking records? : dish network is up -- she2% after mccoury's sees about 20% of side for the shares of dish network. she also be

time, and--and now that her godmother is gone too, i just-- >> sonny: no, i--i haven't given up on abigail yet. >> gabi: sonny, you haven't heard? >> sonny: heard what? >> gabi: um...

abigail: shares of garmin are down. the fitness segment for garmin is going to slow noticeably. there is another flag comics. she thinks it will float in for 2017. she feels the fitness segment the growth could be just 7% come as compared to 29% growth in the second quarter of 2016. so she has cut her rating to a sell rating. stock though is worth noting, up 39% on the year. she now sees modest downside of the shares to $46 per share. david: we are sending a messenger down with a nasdaq flyswatter. [laughter] nina: we are -- there are are -- there are reports of an explosion and gun fair at the american university in kabul, afghanistan. there are few other details we will be following the story as it develops. . l.a. 73 people have been killed in a powerful earthquake in central italy. and the death toll is likely to rise. the magnitude 6.0 quake destroyed small mountain towns. rescue crews are looking for victims or survivors who may be trapped in the rubble. the quake was centered 27 miles from the town of rieti. vice president biden news trying rebuild relations in turkey. >>

we have abigail doolittle in mid-down been hadn't -- midtown manhattan. abigail: after opening slightly higher on the open, the nasdaq was on pace for a weekly decline. we now reverse that. the longest weekend winning streak since 2009. a pretty big number. we will see how the -- how they trade out. just having a great way on a big rating rate quarter. they beat earning and sales estimates. expecting a company lower than expected loss. very important here compared to bloomberg intelligence communities. the revenue grew by 14% year over year. it really offers investors predictability. perhaps explaining why the stock is up 10% on the year. less fortunate, shares down 4.5%. nonetheless having their worst day since february. after the company offered a slightly disappointing third-quarter earnings of view, expecting to make $1.25 per 35 centsd one dollar per share. a consensus around 129. they have beaten some of the times in a row, the bar's high expectation. uptrend.beautiful we'll secede the stock is well above the 200 day moving average. happened the tha

abigail has been in anne novontys foster care for three years...but today she legally became her mother. officially family.' to witness the joyous occasion - abbys classmates at st. colettas day school. 'great job abby!'more than 20 students came to support her...with cards and gifts to celebrate. 'its the first day of school but this is where we needed to be.' abby also gains 8 siblings today - 7 of which are also adopted. 'i foster and when kiddos, obviously with foster care our goal is to get them home and when they cant go home, we just grow a little more.' 'abby will continue to go to st. colettas day school where 2 of her siblings attend. as for ann, she says her home is open for another foster child. reporting at childrens court - many of the students at st. coletta day school are adopted... to learn more about that school and foster care in wisconsin, visit fox6 now dot com or the fox6 news app -- and click "links." before heading back to the classroom-- milwaukee students were able to get free immunization shots. today the city of milwaukee health department held a back-to-scho

abigail: it looks like the index is on pace to finish at a new record high. we will know in a few minutes if it can close back above 6252. breaking news out of tesla. earlier today, shares higher around 1123 ones the elon musk saying thereet would be a product announcement later today. it just came out and the headline says the new versions will have more powerful batteries. we will break it down more as time goes on. ceo elon musk really being a vase -- a visionary and having the enthusiasm of investors as the new project comes out. can they did -- continue to deliver on production targets? the targets this year was about 80,000, lowered slightly back in july. the more vicious target is 2018, whether or not they can deliver five 8000 units per year, up significantly from last year's unit delivery of about 50,000. plus there is a cash burn issue but you have to hand it to elon musk, a true visionary who really does have enthusiastic people for this story. the stock is up, simply huge from the ipo back in 2010. matt: i am a little distracted. this is an unbeli

we have abigail doolittle. abigail: we do in fact have the nasdaq. it is a new all-time intraday high. though, this woman thinks the major u.s. equity major will be giving a bit of a breather. if that happens, she would see it as a ying opportunity in all of this longer-term strength and momentum. as for what is helping the nasdaq, there are two things playing out, strength in china related, china-based stocks, which are at a record high. and others.du they are rising more than 2% in today's session, best day since may 31. m&a speculation around the property developers really helped chinese stock. tech,cond big thing, big as is often the case. apple, cisco, intel, also micron. the chinese related stock, micron is one of the best related performers. this raised the firm's estimates to a break even in profits for the fiscal 2016 versus the forecasted loss of eight cents by consensus. thehinks this will go into first half of fiscal 2017. behind that is dram stock pricing. moderate upside potential for the shares of micron, one of last year's worst in th

let's get to abigail doolittle. >> first, a quick look at the u.s. equity averages were you see all three trading somewhat lower here on the morning. this could have something to do with dollar strength after consumer confidence measured this morning did come in better than expected, boosting the dollar, weighing on oil wraps dragging on stocks. we have lots of stocks in the world of m&a. i believethese shares are halted. yes, it shows they are halted. before being halted, both of nicely on the possible merger between these two fertilizer companies as they are battling falling prices plus the decline in spending a farmers. earlier this morning, it was not a combo could be announced as early as next week. with the stoxx halted, perhaps we will have more news today. turning to a deal undone -- in fact, one that never took place. hershey's and mondelez. is backing out or pulling away from a $23 billion takeover bid after two talks of takeover talks were unsuccessful stop. mondelez trading higher. ritchie brothers, and auction company of industrial equip

abigail doolittle is standing by. the nasdaq have taking a breather today after the nasdaq set record highs yesterday. the nasdaq is outpacing the losses from the dow and s&p a little bit due to the overweighting some of the megacat names. istandout liger on the day haynes celestial. this isno small feat, the worst day ever for the shares of haynes celestial. the company may have accounting issues around the can count thing concessions made to u.s. contributors. they have had to postpone or the lady fourth order report and quarteror delay fourth reports. thisve jeffries saying weakness could offer a potential buying opportunity for the long-term. they think the strong cash flow there and the hains brand is very strong. it could make them a buyout target. we definitely has huge weakness in the shares today. soaring on anocks m&a deal. in a bigervices is up way, hitting a record high on the news that a uniform company is buying gee and k services for share.97 50 per the conference call started at 11:00 a.m. this morning

abigail doolittle is joining us. starting with bio pharma. it closed right now, i would be another record high. abigail: this is the fifth straight session of the nasdaq opening higher. if you can hold onto these gains, it will make a new record high. a new closing high i should say. we have a microcap company. the small-cap biotech company is expanding the enrollment in a midstate study for its tumor drug after promising clinical activity in mutant solid tumors. promising and the stock is having his best day on record. turning to a more established name, yahoo! shares are up nicely. the highest level since june 25. a tailwind for the big alibaba first quarter report. yahoo! has a 15.4% in alibaba. that stake in alibaba and yahoo! japan remain in the remainingco -- remainco. investors like the strength and that remaining stake for alibaba. jon: about 16 minutes and an up about 131% across the board. those two stocks just moving in tandem. tomorrow it's going to be about retail sales. it has been a next back of u.s. economic data lately. a str

abigail doolittle is at the nasdaq. let's start with you. you are checking out urban region -- urban outfitters. abigail: urban outfitters was up huge last week but not so much this week. analyst lindsay drucker says the -- last year it was one of the worst-performing stocks in the nasdaq but lindsay drucker is saying they have turned the brand around. and there is not a lot for terms of improvement. -- disagrees. she thinks there is room for improvement especially around the free people brand. turning to a sock -- to a stock soaring -- up nicely. soaring on takeover chatters. if the company's japanese rival seeks a takeover offer it could be up to $24 per share. if this happens, it's a just that the stock, already up more than 20 percent in the premarket, could trade higher by another 20%. alix: thank you so much. abigail doolittle joining us from the nasdaq. -- joining usitch from london. know, we were seeing gains in the stoxx 600 earlier. helped by a weaker euro against the dollar but the gains were short-lived. in commodity producers ar

let's get over to abigail doolittle. abigail: we have the nasdaq flipping between small gains and losses. in the biotech sector, with we have a winner up 25%. jen will bet bio paying a licensing fee after their drug did not meet the primary end point in a study. this is a positive for both companies. it will give them a big bump in revenue. this is a largely unmet need. move,g to another biotech seattle genetics. it's lymphoma drug did need the primary gold and a study, improving the life of patients. it also met the secondary endpoint. biotech may be in a bear market. but seattle genetics is bucking the trend by 7%. alix: staying with tech, apple has become the biggest bond issuer in the world, raising $80 billion in just four years. joining us with more on the risk of investing in corporate is brad, barclays head of corporate strategy. rising nine times faster than cash. what is the risk for investors? >> right now in the credit markets, there is more demand for investors one in corporate bonds then there is a need to

oliver: all right, abigail. thank you. cpi, price pressure seemed absent among much of the economy that two areas see momentum. medical costs and rent. our next guest says nothing is soothing about that. michael.s now is thank you very much joining us. on the surface, it looks like inflation was subdued with core cpi coming in later than expected. you pointed areas that continue to show inflations are building in the economy. it looks like this is a complete and total victory, the lower we have seen it in a while. when you get down into what changed, what you see is a rate down into whether a particular category is stick inc., which means it tends to trend, or whether it is for all, meeting it moves around a lot. if you look at the stuff that is trending, those is continue to move higher. care. like housing and medical care in particular was disturbing and today's report. things dragging down core were things like new cars and trucks, apparel, things that move around a bit. >> how much of that, when you look at health care

let's go live to the nasdaq with abigail doolittle. >> we have the composite index up, the only one of the three major indexes in the u.s. trading higher. this has everything to do with biotech. picture ofautiful all the sectors in the nasdaq. the top sector now, health care. it is off of its highs. it was up well more than 1%. close to 1%. this is a 14% weighting to the explain whying to with the red the nasdaq is higher at this point. behind the health care strength, the biggest boost his bio jen on biogen on news the drug did pass the final stage study. he is saying this is a surprise a lot of analysts were not forcting and the big upside the stock on pace for the best day in about 15 years on the news the company will be receiving a $75 million licensing fee to develop and commercialize this drug. when we think about biotech overall, something we have been tracking is a possible reversal of the ongoing bear market in biotech. when we look at a one-your chart, we see the nasdaq index is starting to peak above a trend line marking the bear market. the trendline is not used to mark th

oliver: with 30 minutes to go to the close, let's go to abigail. abigail: we had the nasdaq ,omposite index up .8 of 1% down .4 of 1%. now back up .201%. lots of and today volatility after fed chair janet yellen speech in jackson hole. is on forthe nasdaq its first weekly loss in nine weeks. if the nasdaq climbs a bit higher above 5238, the nasdaq could possibly put in its ninth week higher and the longest winning streak since november of 2009. looks like that will be down to the wire. as for what is dragging the most we had something very interesting going on. we have a tech drag and a biotech drag. we have a difference between the nasdaq composite and the nasdaq 100. the biggest point drag on the composite index is apple. there does not appear to be a cause, it could base -- be consolidation of the market. investors grappled with whether or not the company can offset slowing iphone growth. this #and weook at see a lot of uncertainty around that iphone and what is next. out of that june quarter we see that the stock is broken above resistance. mor