Yesterday markets didnt hold on to the morning gains. The markets down for the fifth day in a row. You can see things picking up this morning with the dow futures up by 85 points. S p futures up by 11 and nasdaq up by 37. Flat yesterday . Down by about five points for the dow. Yeah. Lets tell you about some stocks to watch. Barely down but ended down for five days in a row. You know the dow is one thing. Comcast was up. I just happened to see it. Not that it matters. A couple of stocks to watch. Intel with better than expected Quarterly Results. Growth in its Data Center Business that helped offset demand for pcs that used the companys chips. Well talk to an analyst about all of that. Also netflix shares are up sharply. Company adding more subscribers than forecast in the latest quarter helped by overseas expansion and that stock rocketed yesterday afternoon and ebay nearing a deal to sell their Enterprise Business for about 900 million. Theyre lead by mara and sterling is in there and next is it next monday ebay and paypal officially separate. But we have seen so well insurance companies, Health Insurance companies are are fairing under obamacare and all the deals and these horrible mergers and scale you have written about. Theres a lot of mergers forced by obamacare which is an unintended consequence. But unh trading on a high anyway. Its a dow component and the Company Reported 1. 64 moments ago. Well above 1. 58. Revenue was also ahead because the estimate was for 35. 6 billion and instead they were able to post 36. 2. The company is also raising its full year view to 625 to 635 and that is versus expectations of 626. Analysts are already in that range but now were at the high end of the range above where analysts have been but not that much above given the Second Quarter and theres a couple of other metrics theyre talking about about. Revenue was 13. 6 billion and cash flow from operations they also raised to 8. 4 to 8. 6 billion. Its actually trading lower. Looks like this morning but you can see its had a great run. Now back to the big Global Market story and that is greece. Ecb policy makers meeting in frankfurt right now and julia is there lets see i think it might be afternoon there. Good morning julia but you have to say good morning back to me. Its weird. Good morning. Im okay. Im good at that. We had a positive last night. Ecb sandwiched in the middle. Speculation that mario draghi is going to increase the liquidity to the greek banks. I think he is going to need more guarentees that this third bailout deal is even going to go ahead. Still dont have a signature on the dotted line. While ive been meeting here i have met a few germans that arent happy with the way that the german finance minister handled the negotiations. We have protestors outside the ecb. The grim reaper walking around. Making yet more rude gestures apparently at the germans too. I spoke to one of the protestors that said that the German Government has been lying about the greek people. That theyre not lazy. But thats what were being told today. She wants him to open the greek banks and write off the greek debt and give them lots of cash. A lot of expectations surrounding the meeting today. Back to you. Good morning. Thank you very much. Good afternoon back to you and well see you soon. Despite last nights vote in athens the greek crisis is far from over. Heres what larry fink told us on squawk box yesterday. After Greece Parliament passes it then youre going to shine everything on to berlin because youre go to have to have the germans pass this and they promised by friday. So well have this rolling tension as each government has to approve this new loan package and then probably the most important issue that we have not focused enough about it is the bridge loan. Its essential because it will take time to approve the new package. Greece needs money next week. We have seen the latest stuff you saw. The euro area said to aagreed in principle on the loan. But there was Something Else i saw that sounded like they wouldnt be extending the credit to the banks immediately. Thats a huge question too. Those bank versus been closed about 2. 5 weeks at this point. That is one of the things they have been waiting on. They need six parliaments here but apparently at this point this is coming from mark grant who the last thing he wants to do is inflame things. Say it might work because hes been very vocal. Its stuff that makes it look like its not going to happen. I always go back and see the rest after i see those things. Weve been watching the futures this morning and as we showed you a big move to the upside this morning. Dow futures up by 85 and the nasdaq up by 36. Watching whats happening in europe at this hour also green arrows there. The dax in germany is up by 1. 5 . Same story with the cac in france. Ftse up by half a per centcent. Overnight in asia remember what happened the day before with shanghai. It was down about 3 . Last night it closed up by. 5 . Similar story with the hang seng and the nikkei in japan and oil prices, check this out, crude Oil Yesterday settled down 3 to 5141. That was the lowest settlement since april 9th. Things picked up a little bit. A gain of 1 . Check out the ten year note. At this point it looks like treasury yielding 2. 387 and the dollar was the big story yesterday too. It was the euro ended the day at 109. That was the lowest level since june first. This morning its falling even further. 10898. Dollar is also up against the yen and gold prices are down by 3. 60. 1,143. 80 an ounce. The 5th annual delivering alpha conference bringing together the most important players in Asset Management to try to tackle the Critical Issues facing investors in todays economy. It was hosted by cnbc. We were all there but in case you missed it kate kelly has the highlights. Good morning. It was a great day packed with interesting ideas. One thing that made an impression on me was bearish thinking about various points in the world. Certainly china, not saying that theyre headed downward in terms of the economy which is still growing at a slower pace and stocks had a rally in recent days but theres a lot of concerns about what the stock market givebacks and government controls might be triggering or indicating. Greece an area of concern, puerto rico, Energy Continuing to be troubled. Looking for another big leg down in the futures prices and equity prices and low growth in the u. S. And the question of whether the environment here will be jermaine enough for janet yellen to hike rates as she indicated shes going to do. There was an interesting commentary on what if you take a step back you would see when it comes to the u. S. Economy. If you had just been off on mars and came here and looked at that one chart of gdp you would say gosh i wond for the fed is going to ease. You woen be talkuldnt be talking about tightening. But the fed wants to get off of zero. I can see why but the economy hasnt really been able to corroborate the hope they have been feeling. Against this backdrop i didnt hear a lot of generic bullish sentiment like i really like consumer stocks or everyone should be buying Energy Stocks or a sector like that but there was stock pick. Often based on you know assets like real estate. One example would be macys. Jeff smith unveiling a situation that resulted in a huge pop in the market. One of the issues is the enterprise value is 30 billion. 20 plus of which is real estate and he thinks the company should split up. A few similar ones on an ethan allen stock pick. They talk about platform specialty, nomad and valiant which isnt thought of that way. Those are all ackman names but he likes them too and finally on the distressed bond front Richard Perry among others said they like paper in those areas. One of my favorite bits of dialogue was on andrews panel where he got into it with Richard Perry about puerto rico. Lets hear what they said. You look at detroit and michigan and it has the lowest percentage of 25 and under that have a bachelor degree and it has the greatest flight out of the state. So you have a decreasing population thats going to be able to pay taxes. Thats the worst place in our country. Puerto rico is worse than that. If you continue to have a shrinking population base those debt to gdp ratios need to be funded by somebody. Theyre not leaving. Thats the misunderstanding. They did leave detroit. Theyre going to the warmth and thats whats happening all over the world. So if you think about puerto rico, it was talked about in a recent op ed in the new york times. Theres part time opportunities, weakness of the government. So do you think Richard Perry just thinks that longterm its like florida. People will ultimately get there . Well he had an interesting point which is these general Obligation Bonds are are a super safe name to be in and theyre protected. Talked about the triple tax. Sure. Thats a reason to get in but hes probably triple tax benefit does you no good. Right. The thing about puerto rico. Its a mull lay wrered situation. 16 different issuers and i think hes right that the geo bonds are probably a fine place to be. Jamie dimon wants to look at it through infrastructure. Hes involved with the Energy Plants there because the Energy Plants dont run efficiently. Its twice as expensive to pay for electricity there as it is here in the continental United States and he thinks thats a safer way to go at it. He himself said he wouldnt go into the general Obligation Bonds. I noticed that. So he also said he thought greek bonds would trade at par and quantitative easing. I thought marys view on china was interesting. She had her hair on fire. She said understand china. I couldnt tell if that meant dont touch china it was unclear what ultimately you were supposed to do about it. I agree. I talked to her recently and she thinks china is important as a catalyst. Maybe their issues will remain contained but when you start to see a stress point like that and you see the concern it creates within Broader Market sentiment you could see unwinds elsewhere. She sees it as a buying opportunity but the question is where to buy. Theres such divergent point of view on japan and whether its a great opportunity or not. He likened it to the u. S. In the mid 1980s and also said he thought china was an interesting place to be on the long and the short side but i couldnt tell whether he was recommending getting in or not. What did you think on japan . Its been a descent trade so far. The question is whether its like i think its going to be tough to next place. The question is your duration. How long are you going to stay. Thank you. Good to see you after a long day yesterday. A good day, productive. Great day for cnbc. When we return much more from delivering alpha including Donald Trumps finances and hear from ted cruz. Well do that next but first heres a look back at this date in history. More and more, data is visual. In fact, the number of mris has increased by ten percent a year. And a radiologist might view a thousand images to find one tiny abnormality in shape, contrast or movement. Because its so challenging a Research Project is teaching ibm watson to see. In the future, it could help clinicians spot key patterns quickly and precisely. Ibm watson is working to make healthcare smarter every day. How do we deliver alpha in government . Do we think washington is performing the way it should . Or could it perform at a far better level . My number one priority in office is Economic Growth because its foundational to opportunity and number two i would say income mobility. If you think washington is going great, that we just need someone to fiddle around the edges, then i aint your guy. I like donald. Hes bold. Hes brash. He speaks in a way that i wouldnt speak but i think that its important to highlight illegal immigration. In 2013 even in that way . Its not the way i would have done it but its interesting that all the republican candidates smacking him for saying that every one of them has been a vigorous proponent for amnesty for many years. I disagree with them on that. Lets be clear im running to win. I expect everyone to collapse. At the end of the day i will readily plead guilty to that. John harwood turning things political at yesterdays big delivering alpha event. He joins us on set this morning. Did you have your breakfast thing with cruz already. Yes. Did you ask him why he wanted to meet with the donald so much . I did. He said he tries to be cordial with all of his republican candidates. Become friends. It wasnt sort of a well no it is. Ted cruz believes that were having this little summer sensation around trump. Its going to fade. Hes going to go away but where the votes going to go . The 10 of the vote hes drawing in National Polls and he wants that vote and by defending trump on these immigration comments and by signaling that he thinks hes glad trump is saying what hes saying. Bold and brash like he said here it shall i presume that meeting went forward yesterday. Did you read andys piece today . I did not. He just talks about the gop is going to end up like panam. In a world that has left it behind. Right now conservative hispanics will vote for Hillary Clinton. Right now conservative gay people are going to vote for Hillary Clinton and this is what i complained about last time. Listening to people that want to be fiscally conservative cant join the stupid party because it wont come into the 21st century. Its a huge problem for republicans that the power of the people donald trump is speaking too and ted cruz is trying to ingraciate himself with prevents the party from moving and modernizing. Every party trying to compete nationally goes through period where is theyre not. Democrats had a long period where republicans dominated president ial races that period is now over but the only reason that democrats were able to do that is bill clinton came along and many other democrats realized we have to change the way people see us and republican versus to do the same thing. It should be the demographic shifts in that piece that puts the current democratic make up of the country on previous elections from al gore would have won. You cannot get elected with white men in this country anymore. Its not going to happen. When Ronald Reagan was elected you had 90 of the electorate was white. More than 20 . Now were looking at 70 . So 30 is going to be nonwhite. That is an overwhelming edge for democrats and republicans have to do something about it. We should all have to read arthurs book too. The conservative heart. Did you see any of his interview yesterday . Hes so eloquent about to who present what conservatives are trying to do. What youre talking about and all elections are about trying to win the vote. First trying to get the nomination unfornlttunateunfortunately. Theres been complaints about the primaries. Watching hilary turn into Bernie Sanders and republicans turn into interesting thing on cruz and Bernie Sanders ted cruise was trying to position himself as the candidate of average people and entrepreneurs rather than wall street establishment types and he said the democrats havent become populous theyre the party of the rich. Can you explain to me this view that somehow trump is going to fade . What is going to be the trigger thats going to fade him . Because im surprised hes doing as well as hes doing now. And he has given up and said heres what i make. A lot of people thought he would drop out before he had to say heres how much im worth. Do you believe it . I dont know what to believe. The reason he is going to fade. Hes not going to be president. Hes not going to be the republican nominee or a serious factor when we get deep into the race and the reason is when we get to actual voting when you move from this Summer Season of having fun and listening to people and the Michelle Bauchmann, hermann cain phase people look at someone and say could this person really be my president. No one is going to no Decisive Group of Republican Voters is going to look at donald trump and say he should be our candidate. Hes going to be our president. Its not going to happen. No matter how much you want it to andrew. So when that moment comes and does it come in october after weve had a couple of debates . Does it come in december or january. Were hermann cain or Michelle Bauchmann ever leading in the polls . They were in certain places. Michelle bauchmann was leading in iowa and won the iowa straw poll which has been cancelled this year. In part because she won it and when we get close to them donald trump is not going to be in the finals. So fragmented and if 6, 7, 8 people have 3 . Thats the challenge. And so multiply that the 17 i like donald trump. Hes a loyal friend of mine and christie said that yesterday. Had a very successful show for nbc as well but i dont think necessarily im not even sure knowing the donald people thought he would never even hes threatened to do it before and i guarentee you hes enjoying even though hes lost some business stuff but hes enjoying whats happening and im not sure its hurting the trump brand. There will be more business when this is over if he doesnt get there. And that would be an ego thing to lead the field even though you probably arent going to get the nomination but to have people and to have the things hes saying resinate in a certain way with certain people. Both sides are starting and then the weird conflunence. Its weird. I asked him yesterday what are you going to do if you dont make the cut in the debate. He said im going to make the cut. Ted cruz. But his campaign put out a letter yesterday to call on fox to have better criteria or c