He act add loan. House Speaker Paul Ryan speaking out on the shootings on the house floor early this morning. We are all stunned by the events last night in dallas. Our hearts are with the Dallas Police department and our hearts are with the victims. Authorities have identified three wounded Dallas Transit Police officers as omar cannon, Misti Mcbride and jesus retana. The family of the man killed by Louisiana Police put out a statement saying they reject the reprehenceable acts of violence against the Dallas Police officers. And attorney general Loretta Lynch will make a statement on the dallas shootings at 11 30 a. M. Eastern time. And well have more updates throughout the day and as the situation warrants. Back downtown to you guys. Thanks so much. And the jobs report is helping the jobs report today. 287,000 jobs added last month. All major indices on that news now made up their losses from before the brexit vote and only took two weeks to make a round trip. Lets bring in barry james and the global cohead of fx research. Welcome to both of you. Ill start with you. What type of economy are we in where one month you create 11,000 jobs and the next month 287,000 jobs. I think youre in an economy where you have to smooth the data. You look at the two month average and the three month average, the four month average, theyre all telling the same picture. Were producing roughly 140 to 150,000 jobs per month. Its an okay economy. Probably 2 type growth but not much more than that. We heard from the labor secretary earlier this morning that pointed out that the june jobs survey was conducted before the brexit vote. Are we getting ahead of ourselves in the market . I dont think so. If we look at that labor and they come out on monday and we dont find the types of jobs, the highway jobs being created so we dont want to get too much ahead of ourselves and we arent creating enough jobs for people actually coming into the work force. And into the market and i think we are enjoy it for the time being. It happens on a week when switzerlands entire yield curve goes negative. We did see the highest inflows in high yield funds in four months. Are people going to continue to come to the u. S. Market to come to u. S. Treasuries to come to u. S. Corporate debt to be able to get that yield given the Global Environment were in . I think we are going to see people in the United States and see good rates. And we have negative in so much of the world right now. And i think our stock market is getting more and more interesting and actually we have been in kind of a hidden bear market. Over half the stocks have actually been down over 20 from the 52 week high and so we could be coming into a nice buying opportunity with a good rally i think starting to form right now. Allen, beneath the headline number, what is it that youre looking at . Whether its type of jobs, whether its participation rate, what are you looking at to determine the Overall Health heading through the summer of this jobs market and economy . I think you have to be realistic about the jobs report. It has so many different components to it. And the Unemployment Rate derives from a Household Survey and a different survey. I think youre getting the same kind of picture but as i said earlier you really have to smooth this. Are there things whether its the service jobs or the high end white collar jobs and its the headli headline. The manufacturing sectors are in great shape. Its more cyclical than the rest of the economy. The Service Sector is hammering along then producing jobs at quite a clip and its going to read underlying resilience from this economy. Given what we have seen in the rest of the world can you say that its that bad. Given really suppressing u. S. Raids and its obvious expectations that are out there in terms of the fed. And in good shape and going to do just fine. Its interesting to think that the markets can continue climbing higher from here which would basically be saying that the plateau that we have seen at these levels. 2100, 18,000, 5,000, were going to break through that. Wed say the movement is upward. We look at the risk levels and theyre not really high right now. We started buying before brexit and bought on the day of brexit and the week after and theres continued opportunity there and we think that the market is transitioning from larger cap to smaller cap from growth to value and we look at stocks that we think would be advantageous in that type of environment. You know, some in the oil area such as mechancdermott and even brandy wine which is all sectors of the Real Estate Market and investor trust. We see positive things. Its going to be different. Its not going to look like it did the last six months but that could provide great opportunities for stockholders. Well keep an eye on those names and the fundamentals of the market continue to drive us higher. Thanks to both of you. When we come back on squawk alley this morning, the latest on the deadly shooting in dallas texas. Five Police Officers are dead. Another 7 are injured. Also this morning, twitter reportedly cutting a deal with content providers to stream more major sporting events. The impact on the stock and the companys future and yahoo buyer be ware. New report whoever buys the companys new core assets might have to foot a 1 billion bill owed to mozillas firefox. That and more in a moment. Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad toee it here. Fidelity where arter investors will always be. Ifnly the signs were as obvious wn you trade. Fidelitys active trer pro can help you find smarter entry and exit points and can help protect your potential profits. Fility where smarter investors will always be. I found her wandering miles from home. When the phone rang at 5am, i knew it was about mom. I see how hard its been on her at work and i wa to help. For the 5 million americans living with alzheimers, and millions more who feel its effects. Lets walk together to make an even bigger impact and end alzheimers for good. Find your walk near you at alz. Org walk. Thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast business. Built for business. Welcome back to squawk alley. We want to keep you up to speed on the situation in dallas where snipers open fire on police during a peaceful black lives matter protest last night. Five officers are dead and another 7 are wounded. Sarah is in dallas texas with more, sarah. Yeah, kayla, within the last couple of Minutes Police released the name of the suspect. Well get to that in a second but that suspect was killed by Police Officers overnight after shooting at them from elevated areas. One of those places is a parking garage that you can see way in the distance behind me. Its still blocked off by Police Officers. Today police say theyre being very cautious with what they release because first and foremost this is a very active investigation and they also tell us that theyre worried about safety. Right now much of downtown still remains a crime scene with officers blocking many intersections. Police are describing what happened last night as a coordinated ambush style attack happening near the end of a peaceful rally protesting recent Police Involved shootings. When it was all over five officers were killed. 7 others wounded. Police rushing toward the gunfire cornering the gunman. They had a hand off and then used the controlled explosive to kill the suspect. The gunman tells police he acted alone and he was angered by recent Police Shootings and now dallas and the entire nation is grieving of this national tragedy. Now back to police releasing the name of the gunman. We do know his name is micah xavier johnson. Hes 25 years old from the dallas area and police not releasing much more information because theyre worried about other possible people that could be involved. Thank you so much sarah. Meanwhile, twitter is talking to the nba, Major League Soccer and turner broadcasting in a bid to stream more major sporting events. Kayla caught up with adam a few weeks ago and he did hint a new streaming deal was in the works. First on the user experience, the Consumer Experience for fans is going to be incredible. We cant wait to show it coming this fall. Its going to be incredible because its what you already love about watching games and watching it with twitter. I think that youre going to come for the live Game Experience on thursday night and stay for the conversation. All the tweets around it. We do control some of the ad inventory in the games as well so for marketers we have been talking about whats possible there. We have seen incredible demand. Thursday night also is an incredible marketing night because of the weekend. Were going to make thursday night on twitter an incredible experience and then marketers overall are flocking so far into our Live Streaming service. We have seen incredible demand for marketers like avi, nestle, ford, Sony Pictures and all of them that signed up and a bunch more in our deal this coming fall. Joining us this morning, recodes executive editor is at post nine. Its good to have you on set. Incredible according to him. Well, the stock on a multimonth high now. Are we beginning to get a taste of what this nfl picture will look like . Everybody has to become a broadcaster and create people to stay on it and one of the problems with twitter is people dont have engagement. Theres engagement issues around it the way facebook has done with Facebook Live. They need to create experiences that arent just people putting up videos and its more than that and something to watch so you stay on the app. I dont get, wimbledon, theyre giving us a small taste of what its like to watch and see a stream side by side. Variety called it clumsy but others say its a big step. I think its clumsy for the people that dont use mobile phones all the time and i think if youre younger you do and you understand it. I watch a lot of stuff on my mobile phone now. Its amazing. I was watching a season of a show on it and people are increasingly comfortable. Its a good first effort for sure. I can see why this is good for content providers that have unique content they want to show but for twitter, how much money can they really afford to spend on this competing with other Digital Services that have subscription revenue, competing with tv eventually and might decide we want to stream some of this online ourselves versus letting social media have at it. Is it sustainable for them to go after this . They have to try it. What else do they do . They have to have something on there to differentiate from other people. People dont want to fire up nine apps. Ill do the cnbc app and the comcast app, its clumsy to do that so if youre already doing other things to give people more stuff to consume in a place theyre already colonnsuming st they tried it with moments. I like moments. Youre the one. I like the one. Now theyre trying to make an appointment viewing. They have to do something. They have to make some trouble somewhere and im still of the feeling that it will be sold. That it will have to be sold and until then they have to appeal to advertisers and marketers and have things to offer them. Lets talk about the story about yahoo . The buyer of the core business with mozilla nearly a billion dollars. This was in small print. Yeah. That if it were sold they could walk away and still get paid. Yes. Its not a very good deal point. The concept is internally from what i have understood is the ceo didnt think the company was going to be sold so why not throw that in there as a sweetener i guess. I dont know. There was some objection to it. Its a pretty astonishing clause and the buyers are nervous about it. It was pointed out to me, the contract is not public but several buyers sent me a copy of it and theyre disturbed by it because they have to pay. But you have to assume that the revenue that theyre getting from the deal is not cancelled out by that. If they stay doing search. A lot of the buyers are not going to do search. He put a lot of money into search and some people think not a good idea and some of the buyers are not interested in competing with google which i think is an excellent economic decision. Marissa has not been the board member most eager to sell so call me cynical but might she have put this in there . Its not technically a poison pill but it does sort of i assume she doesnt didnt know what she was doing. Thats always my assumption. And all the lawyers working for her didnt know what they were doing. Its not just her. Of course not but this particular deal was negotiated by her specifically and touted by her specifically so well see how it goes. Mozilla doesnt have to go anywhere and they can continue to search business but you have to think wheres my best, their market share is needs to theyre in competition with google so they can go to microsoft, they go back to google and still get paid so thats good for mozilla. Really quickly, how much could it move in these final days . Its one of those things if it could happen or not. Theyre going to have to talk to mozilla. I think her project will be dumped the minute it sells and a lot her research. I dont see any buyer talking about search as the reason theyre buying it. Its advertising and the media and other assets. Finally messenger on facebook continues to evolve announcing today theyre going to start providing secret chat areas that will feature among other things end to end encryption. What does this mean . You and i can finally talk secretly. Thank goodness. Its just another offering. Its interesting that theyre saying it this way. Theres Communication Services that have this. Well see what happens if the government gets involved. As snapchat is trying to make it easier to commemorate. You have to offer all the things. Theyre already doing the encryption thing and run into challenges overseas, particularly brazil but other places about the Law Enforcement in general. Whats the new frontier for social media when it comes to Law Enforcement . We have seen the Facebook Live stream that started after a man was shot and killed by a police officer. Social media is becoming a very important case of place for how these cases end up. Look where it is. Look where people are consuming it. Its not anywhere else. Its giving them a tool to broadcast what is happening and i think you have on one side the sort of mother with the like happy facebook and then you have serious and disturbing imagery and people feel comfortable using these video applications and feel comfortable broadcasting the reality of their lives and i think its great. Im just not sure the police like that one. Are there legal issues around whether these streams need to be preserved. At first facebook yanked down that stream. It could be seen as evidence eventually. Does that stuff need to be worked out . Law enforcement, just the way they changed over the years around video taping and bugging, they have to change and everybody is using these, some encrypted and some not so well have to model our way through. Its a really interesting time between government in all kinds of ways. Not just facebook and encryption and privacy but also cars. How do you regulate the cars and health care stuff and food Aztec Companies are getting more into it. So he wrote a great book about this, theres going to be flashes and cooperation at the same tile. Yeah, that is definitely a good read. I wish you could be here every friday. Im just not leaving now. Good. When we come back this morning well go to sun valley where the top names in media are wrapping up their one week conference. The latest budge in mergers over there after the break. More than 300 of the biggest names in media and technology are wrapping up their annual meeting. Julia is live with a closer look. Thats right. The consensus among the ceo investors here more mergers and acquisitions are inevitable. Not only are we likely to see more deals on the heels of cable consolidation but also what former super agent and investor described as the north getting more interested in buying up the south. Hollywood. So which Media Companies are targets . Stand alone Cable Companies are in the spotlight. Theres discovery communications, another invest. The ceo is here. Or niche cable player owner of the food network and hgtv, the ceo also in attendance. Now we have seen jack dorsey a number of times around sun valley. The company long rumored as a take over target is reportedly in partnership talks with a number of the sports guys here. Now the need for scale to compete is another factor driving tech deals. The linked in chairman says one reason it sold to microsoft is that its giant rivals are just too powerful. I think once you get into a Public Company, if youre not throwing off a lot of r and d ability to do r and d and to progress your technology at a very fast rate then it is difficult to compete with them. Start ups compete with them. On the agenda, a panel about artificial intelligence. Its of great interest to a number of the media and tech ceos here and you can find more interviews on cnbc. Com. Back to you carl. Ill take it. Thanks julia. Interesting the talk about scale and m a. It fits together nicely. When we come back, the dow fully recovering from its massive brexit losses trading back above 15,000. Where do we go from here . Were awaiting comments from attorney general Loretta Lynch on the deadly shooting from dallas. Well bring those to you live when squawk alley returns. When it comes to medicare, everyone talks about what happens when you turn sixtyfive. But, really, its what you do before that counts. E, medicare doesncover everything. The rests on you. Consider an aarp medicar supplement Insurance Plan insured by unitedhealthcare insurance company. Like all standardized Medicare SupplementInsurance Plans, could really save you in outofpocket medical costs. So, call now and request this free decision guide. Discoverow an aarp Medicare Supplement plan could go long™ for you. Do y want to choose yd networks . . What about referrals . All plans like these let you visit any doctorr hospital that acces medicare pats, wi no networks and virtually no referls needed. So, call now, request your free guide, and explore the range of aarp Medicare Supplement plans. Sixtyfive may get all the attention, but now is a good time to start thinking about how you want things to be. Go long™. Good morning, here is your cnbc news update at this hour. One or more gunmen killed five Police Officers and wounded several more. Three suspects have been taken into custody. A 4th was killed during a police standoff. He has been identified as micah xavier johnson. Authorities say there is no International Terror connection here. President obama attending the nato summit in poland condemned the attacks. What we do know is theres been a vicious, calculated and despicable attack on Law Enforcement. Police in dallas were on duty doing their jobs, keeping people safe during peaceful protests. An attack on a shrine north of baghdad killed 37 people hours before the countrys Prime Minister fired baghdads security chief this as public anger mounted over security failings. Pieces of wreckage from the egypt airplane that crashed in may have been found off the coast of israel. According today at a recovered from the voice recorder pilots tried to extinguish the fire on the plane before it crashed. A powerful typhoon weakened today bringing winds and rains to the area. Two people were killed and 66 others were injured from that storm. That is the news update at this hour. Lets get back downtown to squawk alley. Carl back to you. Thanks so much sue. Europe is closing as we speak in the u. K. And along Continental Europe as the dow is up almost 200 points briefly. Michelle. Carl, if you look at the screen we had a lot of green across the european map as well. The vast majority are higher and by substantial amounts gains of more than 1. 5 to 2 after the u. S. Jobs number. Lets dig down into the movers there. The stoxx 600 is up 1. 5 in the overall market and then european automobiles are doing well. Theyre up 3. 5 after data showed that passenger vehicle sales in china rose 19. 4 in june from a year ago. So shares are all higher by 4 or 5 respectively. So these are pretty big moves. Whats going on with the british pound . We have to look at it every day. Its in positive territory versus the dollar. That yellow shows what the dollar is doing. Its weaker against the price. 1. 29 so still below the 1. 30 level. Up 17 after being halted for excessive gains. And conducted its own internal stress test which confirms the banks resilience and working with the ecb to solve it and confirmed on friday, they are continuing to explore all ways to allow public intervention in the banks within the state aid rules to protect savings. Thats enough to get the stocks higher. A number of u. K. Banks including world bank of scotland and barclays. Stocks are in positive territory even in the wake of goldmans cuts. Other headlines, u. K. Consumer morale, lowest level in five years. A special post Referendum Survey done by a Market Research survey and said Consumer Confidence fell to negative 9 in the aftermath of the vote. Previously it had been at negative 1 in the regular monthly survey. Carl, back to you. Michelle, thank you very much. Turning to tech this morning, the sector being heavily impacted by the brexit fall out. Joining us today, glenn solomon, managing partner at jgv capital. Good to have you back. Good morning. Thanks, good to be here. Thinking about the last couple of weeks we have a couple of tech ipos under our belt. These brexit losses have been erased. Spending in q2 is very robust. Are you sensing any break out . Whats the sentiment over there . The ipo is a bit of a unique animal in that its a company thats growing fast and showing very Good Progress toward profitability and cash flow positive. Many other private companies in the unicorn bucket really dont have that financial profile so i dont think this is a lot more ipos to come but theres still business as usual going on in silicon valley. A lot of deals getting funded in the early stage. What would it take to convince you that those exits will be coming with higher frequency . We need to see the companies that would be attracted with public investors get closer to ipo and again, many of the interesting unicorn funded companies are still growing very fast and have plenty of capital on their Balance Sheets but havent yet begun the march toward predictable profitability and that element is key in getting ready for life as a Public Company and so most of those companies are still, i think, in the mode where they will stay private for longer. The question is what the real impact from brexit is on the ground. We still have earnings coming later this month and were going to hear some ceos talking about what they expect for the back half of the year in europe as a whole and in their businesses in the u. K. Is that going to be an important indicator of the Lasting Impact of brexit for the rest of the year . I think in brexit you have to look at a couple of different buckets. In start upland, in founder world, brexit is pretty low on the priority list. Theres lots of other things to worry about when trying to build a company from scratch. For companies that are larger. Tech companies that are more mature, have gone global, particularly those Tech Companies that have u. S. Headquaters and lots of expenses in u. S. Dollars, those companies that have expanded overseas and have many revenues coming in and the pound and euro and other currencies are likely to see a downdraft. So i expect that well see a guidance in q2 earnings reports. More tepid out look for the rest of the year driven primarily by currency. So thats one shortterm impact of brexit. If you were to give us three gauges that we should be watching in the market for Economic Sentiment and business sentiment, what would you tell us . I know people in the ipo market look at the vix that just hit a one month low of close to 13 points. What should we be watching . If people at home are trying to survey the market and say i want to watch volatility and i want to watch sentiment, what would you tell them to watch . If youre thinking about where to put your dollars in text stocks i think vix is a good thing to be watching. The fact that volatility has been low is a good thing for technology but you have to look at innovation. Where is the innovation cycle and do i have the opportunity to invest in companies that can really disrupt change industries and grow fast for long periods of time and facebook and apple and google and people being able to invest in companies they have to understand where those companies fit and do they have Innovative Technologies that can change the game and create markets for themselves to grow fast . Really precise, specific insight. We always appreciate it. Thank you so much. When we come back, tesla clawing back early losses after difficult downgrades. Whats next for that stock . And monday john is going to sit down with microsoft at the worldwide partner conference. An exclusive you do not want to miss. 10 30 a. M. On monday. But first rick, what are you watching . Well, of course i watched that number. It was an out liar but one thing that hasnt changed the long end is like this heavyweight. It just will not rise. So were going to talk about how traders are waiting for the wait to move rates lower. But heres the issue. Nothing but buyers out there. How are we going to get a sell off for higher rates . Well discuss that after the break. Well discuss that plus the call that has amazon shares hitting another new high today but is it time to take profits ahead of prime day and the ceo is with us today on whether the jobs report will take the shine out of the Precious Metals trade. Well see you in just a bit. Thank you, scott. Lets get to the cme group. Ri rickwith the santelli exchange. Thanks, john. It definitely trumped todays jobs report. No doubt about it. I always find a certain bit of market honesty even with so many thumbs on the sale of markets when you get big breaking news like the first friday to second friday of the month when we get our jobs reports. The jobs number was good. We can debate how good or the reversion aspects to bouncing back from a significant set back in terms of last month but no matter how you slice it as you look at two year, ten year, 30 year, dollar index what we saw was dollar index had some good aspects. It popped as you would think and what should have been a good number pushing rates higher but it didnt last long. Two year notes were stickier as they hover near the high yield of the session but as you start to get to 7 and 10s and 30s they pop right back down into the rut and why do we have a rate rut . Because theres so much pressure from overseas that we cant get enough girth in our bond market on any day to point to even the good ones to reverse that huge weight on the market and it is a huge weight. The negative rates of europe, the dropping rates in many other places, of course, the notion that certain southern economies have lower rates than us and all the issues of the banks and the bail ins and the bailouts, its impossible to extra kate ourselves from policy con stay john thats resulted in low rates and as we continue the entire correction has been mia. Lets go into the white board shall we . Consider this is just a quick i can ten year drawing from year end or the beginning of 2016. We settle at 227. We established our low yield close in february at 166 and then of course we finally took it out our finally low closing yield after the big move to take out the first low of the year which is always important. A settlement of 157. So all the technicians are paying very close attention. They want to look at how the market acts when it gets up to what was the low yield that took out the first low yield and they want a second look at 166 but as you look at the chart we havent come back to that level. So i think that the notion you want to have is that there are many turnstiles of buyers. Many over seas that are looking to get into the long end of the market. Its been the best performer on the buy side because its the juiciest yield and its that central. A negative late or a low rate or something over 2 . So i think this dynamic continues and i will say this in a very intense fashion, if this weekly close because you have your dailies, your weeklies, your monthlies, your quarterlies, all prioritized higher with longer time frames. If we dont close under what was the low close ever from 2012 at right around 139 this week i think youll see this much faster if we do. My guess is, probably going to see one and a quarter first. Kayla, back to you. Rick in chicago, thank you. Still to come on squawk alley, another day, another downgrade for tesla. The company trying to get past its pr nightmare over that auto pilot feature. Nick is here to discuss. Well be right back. [announcer] is it a force of nature . Or a sales event . The summer oaudi sales event is here. Geup ta 5,000 bonusn select audi models. Great time for a shiny floor wax, no . Not if you just put the finishing touches on your latest masterpiece. Timings important. Comcast business knows that. Thats why you can schedule an installation at a time that works for you. Even late at night, or on the weekend, if thats what you need. Because you have enough to worry about. I did not see that coming. Dont deal with disruptions. Get Better Internet installed on your schedule. Comcast business. Built for business. Certainly a few days from tesla, shares are slightly in the green this morning after the First American death that may involve its auto pilot mode. U. S. Safety regulators are still looking into that case. In addition we have news about Production Target misses downgrades and a stock sale weighing in on teslas troubles and the future of selfdriving cars. Nick says it might not be so troublesome. Nick, good to see you on a friday morning. Good to see you. So what is your overall take on this auto pilot stuff. I feel like most of us are not pilots when we hear auto pilot we think this thing drives itself and tesla is saying keep your hands on the wheel at all times. Pay complete attention. Do they need to tweak the way theyre selling this or is the problem that people dont appreciate how safe this is and that there are going to be the occasional problems. Yes. Thats my answer. Its both. Which is the bigger deal . I think that part of it is when it comes to teslas issues i think that the company does need to kind of maybe rethink calling it auto pilot. Cruise control was actually called auto pilot and they changed the name to Cruise Control because of confusion in the same respect and maybe what tesla should call it is maybe auto assist or Something Like that but as far as the actual Driverless Cars, i have been reporting on this stuff for many years and the goal is to make cars safer. 1. 3 Million People die every year as a result of car accidents. 33,000 in america and 94 of those accidents are a result of human error and Autonomous Cars and Driverless Cars are trying to fix that and the tesla auto pilot has done better than humans over the period of time its been around. Well, maybe on a macro level its done better than humans but i personally havent had had an accident in many, many years and yet if i were to use teslas auto pilot in the wrong way perhaps i would have an accident. I dont know how much thats consolation to me. I wonder, overall first of all, do you think that just taking the macro number of hours driven and comparing it, should that really make the individual driver feel safer . Well, i mean, i would prefer to be behind you know, if you asked me, do you want to take a trip to las vegas and im going to drive and be distracted by my radio and text messages, things like that, or do you want this autopilot to work, id pick the autopilot over you. No offense. Im sure youre a wonderful driver. The way the systems work, they collectively learn together. Every time theyre year an accident or mistake, whatever it is, all of these teslas learn together. With humans, you may have learned to stop at stop signs, because you almost hit someone once. I havent learned that, so we all have to learn individually. The goal with all of the cars, with Autonomous Vehicles in general, is to get to this world of what they call the number zero. That is zero deaths as a result of cars. I think that when we look at technology through history, theres, every time a new Technology Comes out, there are always fears around it and there are accidents or incidents, planes crashed all the time. They rarely crash now, but we still flew them, because they were more convenient. I think well go through the same iteration, whether with tesla, google are kas, whatever it is, with Driverless Cars and all assistive technologies until we figure out exactly what is safe and what is not. Talk about this closure for a moment, nick. We know about musk going back and forth with fortune, and this, how can milan musk possibly not disclose deaths from selfdriving teslas . Whats the argument . The argument from teslas side is when the accident happened they were unable to get they can update cars and get data from cars wirelessly, but because the car was essentially totaled, they were unable to get the information wirelessly, they sent on an investigators, started withing with the National Transportation safety board and didnt conclude the report until end of may, early june. Did a Stock Offering may 18th, carol loomis and others of fortune saying they should have disclosed it in the Stock Offering. If they didnt know completely what happened, we didnt know the guy was watching a movie on his while he was using autopilot, that thes killed in the accident until a few days ago. That was their argument. Maybe theres balance in the middle, they should have say, hey, were investigating this, but i yeah. Isnt that letting them off too easy. Well, no what if the autopilot had completely broken down in some way but they havent figured the investigation at the time and thats good enough reason not to mention it at all . Think about think plane crash. Does the National Transportation board say, oh, well, we think this happened. So were going to put out an announcement. No. Were going to do the investigation but the news tells us its happened. One thing, its happened were continuing to investigate it, we cant conclude. Well, thats my point. Maybe what they should have done is said, hey, something happened. We dont know what it was, but to Say Something happened as a result of autopilot, there is some answer in the middle here. Nick, more broadly, do you think this Company Needs a total makeover of its disclosure policies . A company that discloses Material Information on band delivery numbers over the fourth of july weekend. Advising the company, what would you tell them to do more broadly on disclosure . Tesla tries to reinvent the way cars are sold and made, and what they have not done is reinvent the way Car Companies communicate to the public when bad things happen. Car companies are notorious add hiding faults in vehicles, and so on. Weve seen this with, just look through history at all of these different Car Companies that have had air bag failures and brake failures and all of these things and the deaths that have resulted from that. If tesla wants to show in good faith a company trying to reinvent the way Car Companies are and manufacturers, the way theyre made, reinvent something with the public. It clearly isnt working because of the backlash and maybe need to rethink that. Stocks on the low of the day on that comment. And an Innovative Company and important to all of us. Thank you. Thank you. Still to come on squawk alley, awaiting comments from u. S. Attorney general Loretta Lynch on last nights shooting in dallas. We expect to take her statement live when squawk alley comes right back. Theres a lot of pces you never want to see 7. 95. [ beep ] buyoull be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvioushen you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter vestors will always be. I found herdering miles from home. When the phone rang at 5am, i knew it w about mom. I see how hard its been on her at work and i want to help. Rhe 5 milli america living wi alzheimers, and millions more who fel its effects. Lets walk together to make an even bigger impact and end alzheimers for good. Find your walk near you at alz. Org walk. Dow is up a firm 206 parents. S p up almost 27, to 2124. The highest intraday level for the s p in almost a year. Youve got to go back to july 21st of last summer to see a high eer intraday level. A few more points to pull put in, a new intraday high for the s p. Only walmarts in the redye. Tenyear stubborn. And the fact yields are so low, fed potentially holding pat on rate hikes. Financials down 4 for the year, but they are the best performing sector today on the back of the jobs report. Well see what happens next week when they report earnings. Jpmorgan reports thursday. Wells fargo and citigroup on friday. The conversation could change once we hear from those executives barometer of the global economy, of course. And a lot of optimism. Stocks down the most over the past 12 months, talking gopro, fitbit, on down the line. Twitter, are doing quite well this morning. Up better than 3 , all three of those, etsy as well. Nots sure whats going on. Down more than 30 over the past 12 moss but up more than 6 today. Twitter get eting close to, three months or so, trying to take stock of jacks full year as ceo. Demonstrations of what they can do with sports with wimbledon and kara swisher, good for rolling out football in the fall. And importance of Society Overall with the shootings weve tragically seen this week. Twitter, a place a lot of people turned to find out what was happening right then. And we expect the attorney general to be making a statement. Scheduled for 11 30 a. M. Eastern time. Obviously gn debt it. Of course, when she takes the podium we expect to take that live after what has been a remarkable and tragic in many ways week of news. That does it for squawk alley. Get to sue herera in the newsroom with the latest out of dallas. Thank you very much. And what we know right now, everybody is that five Dallas Police officers were killed, and seven more wounded during that sniper attack at a protest over the deaths of black men killed by police this week in louisiana and minnesota. It was the deadliest day for u. S. Law enforcement since the 9 11 terrorist attacks. As carl just mentioned, u. S. Attorney general Loretta Lynch is scheduled to hold a News Conference on the shootings momentarily. We will take that live when she takes the podium. Three suspects were taken into custody. The fourth was killed by a police robot delivering a bomb in a parking garage, when he exchanged gunfire with officers. The suspect identified as 25yearol