Bazos. Chairs of intrexon down. The company ceo will join us live to respond on the back of their earnings, too. Thats coming up. Lets get to whats behind this selloff. Mike santolli joins us. There was nothing too specific in terms of news but all day the markets traded a bit heavy. I think you want to point to the flattening of the treasury yield curve. Rick santelli has been talking about all day. Twoyear yield is up. Longer terms are down. Thats a slow growth signal. Also a signal the market is sniffing out the strong retail sales data along with the good jolt of Employment Data this week maybe puts the fed back in play. Fed speakers have been trying to focus the market on two more fed rate hikes later this year. Meantime, the market doesnt feel as though the growth picture is all that strong. Maybe thats what we can infer. Thats hurting financials. You mentioned, bill, the staples were one of the losing groups today. Thats an overbought sector. People have been piling in. I would
Hour the nasdaq now negative for the week putting to danger its six straight weeks of gains. The best performing stock on the s p 500 right now ralph lauren, the worst is perrigo. Much more on both of these names straight ahead. I am brian sullivan, melissa, thank you. The Labor Department says more jobs were available in america and more workers were hired in june. The monthly jolts job opening and Labor Turnover survey report says the number of open jobs up 2 from the prior month with hiring up 1. 7 . The trial to determine whether aetnas buyout of humana will go through, the judge in the antitrust case says he expects to rule by midjanuary. The two companies wanted an earlier trial date. Team usa continues to lead the medal count at the rio games. Ten of them are gold, some of them are won of course by Michael Phelps. More on that in a bit. We have a very busy show ahead when we start with two things saying a lot about you, the consumer. They are burgers, and they are bags. Thankful
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