Volatile month for equities. Why the s p could rally another 9. 5 from now until the end of the year. They are the most loved stocks on wall street and apple is not one of them. Weve got the list for you. We begin with what could be a major breakthrough in the battle to contain ebola, a vaccine being developed in record time proving to be highly effective in fighting or warding off that deadly virus. Shares of the two Companies Involved in the Drugs Development are moving higher at this hour. As you see it there, newlink genetics and merck. Cnbcs pharma expert meg tirrell with the very latest. That vaccine being developed by merck has shown to be 1 00 effective in preventing ebola. According to a interim analysis of a late stage study being conducted in guinea. Experts say the results need to be confirmed and the studies are ongoing but they call the news encouraging with the w. H. O. Declaring the world is on the verge of an effective ebola vaccination. It was used in the 1970s to eradicate smallpox. They vaccinated more than 4,000 close contacts of almost 100 ebola patients in order to gauge whether or not the vaccine was working. Half the people were vaccination napted three weeks after being identified, the others vaccinated immediately. What they found was that 16 people in the delayed group developed ebola after that time compared with zero in the immediate vaccination group. Now they are changing the study protocol to immediately vaccinate all participants. Next steps are pro tension licensing by regulatory authorities and the timing of that is uncertain. It could lead to potential stockpile is of the sacks down the road. Public Health Experts say it would probably only be used on people at risk of ebola. Glaxosmithkline and Johnson Johnson are still testing vaccine is as well. Thank you, meg tirrell. It is the last trading day of the month. What a wild ride july has turned out to be the s p ending up more than 2 . Chinas shanghai plunging stocks there posting their biggest monthly loss in six years. Gold also continuing to lose its shane down 6 in july. So what does august look like . Dominic chu is here with our if i only knew what it was going to be. What we do have is a historical look at what has been the case for august over the past five years. We looked apartment the last five years because theyre more indicative of the current environment. If you throw in what happened during the financial crisis youll get a whole bunch of rather skewed numbers to the downside during the great recession. August from the s ps point of view, first of all if you look at the s p seasonally just accounting for the last five years, recent history, on average were down by 1. 5 for the s p. Not a great seasonal time for the stock market at least as of late. It is only positive 40 of the time. If you look at some of the star performers and the worst performers Keurig Green Mountain on average has gone up by 11 . Its positive 100 of the time 5 for 5 over the last five years. Interesting because keurig has been on a very highprofile stock slide over the past of theeight, nine months. Other parts of the market as well, china, fxi in particular. This china etf. On average goes down by 3 . Its been positive only 1 of the last 5 augusts. Compare that to the shanghai composite. Down by. 5 and it is positive 60 of the time. Well finish off here with a look at an interest region commodity play. You see for the china etf, thats that. For gold on average it is up by 5. 5 . Positive 4 of the last 5 years and the gold mining etf has been a star performer during that last five years as well during the month of august. Gold prices have been on a steady decline. Perhaps a buying opportunity. But again recent history shows gold has tended to do well at least over ot last five years. Yes, i know it is a limited data set but still perhaps more indicative of the current market and economy. What about the socalled summer slow . The fact that during obviously august there would be could be a number of Market Participants off taking their vacations. Does it have any skew on the Market Performance we get . It wont because all of of that stuff goes into the performance. What you might see is a little bit more volatility because of thinner traded markets. There arent as many people engaged in the activities around stock trading during that time. Volume wise yes tends to die of during the summer mornts. Thats no secret. But whats interesting is whether or not we do see reversals on some of the trends weve seen of late. Gold prices interesting. A real pronounced down trend. Maybe you get a bit of a bounce. Keurig Green Mountain. It was a star stock over the last four five years. Just over the last ten months weve seen that steady slide. Perhaps some people looking for a possible buying opportunity. Thank you very much. Great stuff. Shares sf exxonmobil and chevron taking a hit. Down close to 4 each. Both stocks weighing on the dow right now. The oil giant missing profit estimates and a really big miss for chevron. Jackie deangelis breaking down the results. Good afternoon. When Big Oil Speaks investors listen. Right now the news not so encouraging. Exxonmobil reporting its worst quarterly profit in nearly 13 years. Chevron seeing profits plunge triggered by impairments in charges based on lower oil prices. Exxon noted that higher Profit Margins from refining did not help with its upstream business. Thats the exploration and production side of things. Also the Company Making a move to conserve cash. This is typically a sign to investors that it doesnt think that oil prices are going to rebound any time soon. The company also planning to scale back its share of buybacks. Investors typically do not like to see that. Lets switch gears, talk about chevron. 2 billion in impairments. 670 million in charges related to project suspensions and adverse tax effects for this company. The company also saying that these charges were triggered, as i said by a low price environment for oil. Cost cutting continues for both. They are trying to get their cap x numbers down. They both cut their cap x year on year for the quarter. And also these companies both suffered in todays session. Multiyear lows, as you had said, is what we saw earlier today. Year to date we are seeing doubledigit losses for both of these. So the question is what does this mean for oil prices . Traders are actually really looking at these reports to get some indication. Theyre telling me the downside bias remains. Theyre looking at year to date lows as the next stop that was 43. 46 what we saw this year. If we breach those levels we could be talking about lows we havent seen since 2009. Oil trading around session lows 47. 29. Traders did not like what they heard. Back to you. Jackie thank you. Lets go over now to dominic chu with news from the oil patch. So following jackies report if it is friday it must mean rig count friday. Right now Oil Drilling Rigs in north america for the United States up five to 664 total rigs. Again, u. S. Oil rigs acted as measured around counted by baker hughes up five to 664. To put that in more context though, we are still down 909 rigs over the same time last year. Again up five this week over last week. Still down 909 over a year ago. Broader context is Oil Production stays near record highs but is showing signs of perhaps plateauing. Again, well keep an eye on what happens with oil prices as we see these rig counts come in like this. Thank you. To reiterate, energy the shares there are underperforming today but the Energy Sector is still up over the course of the week. As for the headlines, new rub remembermaid beating earnings estimates and beating outlook for the full year with growth in areas like baby and school products. Shares up by 1 . Western union reporting better than expected profit. Money transfer company also boosting its full year forecast thanks to strong growth into its online business. Shares up by just over 7 . This is a stock with a whole lot of fizz. Shares of cocacola enterprises, the bottling company, soaring 15 to alltime size the wall street journal says. The bottler is in talks to merge with two european cocacola bottler. Shares up 8 . In parts of europe uber is making a big bet on india. The Ride Sharing Service announcing it will invest 1 billion there over the next nine months. Thats fast spend. Uber plans to improve operations expand to more cities, develop new products. India. Last month uber announced a billion dollar investment in china. Over the past six months innovators from across the country have been competing to come up with the next big thing to secure Americas Energy future. The prize, more than 175,000 to be split among three finalists. Lets meet one of those finalists. Morgan brennan is live at the safe Energy Security prize competition in charleston south carolina. Hi, morgan. Reporter hi, tyler. Thats right. We are at safe Energy Security prize event here in charleston. You can see behind me it is a packed house. Is everyone having a good time so far . So its a great friday if youre in charleston. Joining us our first finalist. He is the creator of free wire technologies. Now you have designed a device a machine here thats called the mobi electric vehicle charger. Lets talk about it. Thank you, morgan. So this is the mobi charger. It is a mobile electric vehicle charging station. What that means is you dont need infrastructure and you dont need a big construction project to get electric vehicle charging on site. Whats really fascinating is whats inside. What we use our second life electric vehicle batteries, meaning that morgan youre driving your chevy volt and you drive it for three years, you turn it in this a lease. What happens to those batteries . We take them and we make these really interesting products from them. This one allows you to get vehicle charging anywhere but the most fascinating one we have is something called the mobi gen. A system that replaces diesel or gas jaen gas again rategenerators. This can charge six vehicles before it needs a recharge. To recharge you just plug it into a wall outlet or into your drier outlet or even into another charging station. To wrap this interview up youre already deploying these. You already have customers. Thats right. We have five deployed at linkedins campus in mountain view. Some of these Large Companies love what were doing because we have the connection to the customer and we know exactly what they need. Free wire technologies. Mandy, back over to you. Very cool stuff. Well get back to you very shortly with the next finalist. It has been called americas greece. Puerto ricos debt threat. A big weekend for its bonds. Wall street is bracing for a default. What is at stake . Next. Plus check out transports this week rallying almost 4 . What is that saying about the overall stock market . Get ready to listen in. Are we headed higher . Well try and find out. Whoa what are you doing . Putting on a movie. Im trying to watch the game here. Look i need this right now ok . Come on i dont want to watch that. Too bad this is happening. Fine, what if i just put up the x1 sports app right here. Ah jeez its so close. He just loves her so much. Do it. Come on. Do it. Come on yes awww, yes that is what im talking about. Baby. Call and upgrade to get x1 today. Welcome back to power lunch. Shares of ocwen shares down. Downgraded to neutral from a prior buy rating saying full year results are expected to come in lower than expected. The stock is tracking for its day since midjanuary. Dom, thank you. Another debt deadline this time it is not greece. It is puerto rico. There is a lot at stake for investors this weekend. Check out the puerto rican 35year bond. Yields down about 20 year to date. Kate kellys been all over this story from the beginning. A critical few hours ahead of us kate. Absolutely tyler. Four puerto rican borrowers are due to make debt payments tomorrow. Whether they can all do it is not a sure thing. Some 700 million is due august 1st to creditors to the islands tax authority. Just hours ago we learned that the Government Development bank which owes 169 million tomorrow is posting that money on time. But questions linger over its subsidiary unit the Public Finance corporation which is widely expected not to pay on time. If the corporation doesnt make its debt payment as expected by early next week ratings agencies are likely to throw it into a state of default even though technically speaking it is merely a nonpayment due to lack of available funding. But it is bad for the island citizens who make up threequarters of the ownership of the bonds most likely to go unpaid. What theyll do from here not clear. Lawsuits are always possible but in the meantime a restructuring in which the borrower gets a debt break and the investors get something for their money may be the more viable option. In terms of the bigger picture, there is talk of reinstating a chapter 9 bankruptcy option for the puerto rican entities as well as establishing a financial control board. A number of options on the horizon there. Not clear what there is the political will to do. You said threequarters of these bonds are owned by puerto rican citizens. Are they mostly in retirement accounts or are they on the bonds a bunch in retirement accounts. Some individuals. Some via credit unions. It is hard to know exactly. This information isnt easily publicly accessible but it is a mix of sort of indirect and direct ownership, what analysts have told us. In the next halfhour, blackrocks head of Municipal Bonds peter hayes will join us. Well find out whats at stake for his investors and where he is looking for yield these days. Were going to tell you why analysts are bullish. Transports rallying this week by over 4 . Are we headed higher . Dont go away. Can a business have a mind . A subconscious. A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Welcome back to power lunch. Shares of fluor are down 8 . The Second Quarter profits fell due to weaker demand. The Company Also Announced its agreed to sell half of its spanish operations to a leading spanish construction company. At least six brokerages have cut their price targets on the stock to as low as 52 a share. Shares are down 22 so far this year. Lets look at the transports. The dow jones transports mr. Inis a that up 4 this week. What does that really tell us about the overall markets . Is this a leading indicator suggesting that stocks will continue to go up from here . There, as you see, almost four times higher this week ron, in gains than the dow industrials. What does this say to you . We obviously Pay Attention to the transports when they go down or they diverge. Right. They diverge much more dramatically earlier in the year. There was a ten percentage point gap between the two not too long ago. I think theyre doing better because oil prices are falling, which is a sign of economic weakness. While their cost structure may benefit from Falling Oil Prices im not sure it carries the same weight necessarily as it would this is kind of a head fake then. It is. I dont think you can ever take dow theory in isolation. The underpinnings in technical terms has stalled out. Highs, lows exploded last week. Its a good sign a relatively positive sign if you are a dow theory fanatic. I brought it up in recent months that it was something to watch but again it might just be the movements in oil prices that are just dragging transports along for the ride. Dont read too much into it. Im much more concerned about the technical deterioration inside the market itself the lack of leadership. Narrowness of the leadership. Very narrow rally. Again when you see things like the market internals roll over as they have i think you have to take everything together as opposed to just looking at one thing in isolation. You might be the only one in the world who would have seen Something Different in yesterdays statement or wednesdays statement from the fed. Is there anything that changes your view about when an Interest Rate hike i think they tablded september. I think Steve Leisman was kind of the same mind. I tweeted that i was not in line with conventional wisdom that september is necessarily on the table. If we get strong job reports over the next two months that could change but it did seem like their statement i dont think the fed wants to surprise anyone. I dont think theyre being could i by any stretch of the imagination. I think when you look at that statement, they didnt make a definitive move to suggest that september was liftoff. Were really really ready. I dont think theyre going to do anything until they tell the market directly that theyre going to do it. I would bet september may be off the table here. Good to see you. It was was kind of an understatement. I dont think janet yellen is one to jump out and say boo. To Rick Santelli at the bond market at the cme. Lots of data this morning, ricky. How are bonds looking now is. The eci data caught everybody off guard. It is the water cooler topic. Id say about onethird say it is an anomaly, the other twothirds say even if it is we have to Pay Attention to it. No matter how you slice it it had a big impact on the market. A twoday of the dollar index, clearly see how it really got the stuffing knocked out of it around 8 30 eastern but it is making a comeback. It is getting closer to unchanged. Look at 5s and 10s on twoday charts. Down eight basis points on 5s, 10s havent moved at all. If you looked at the s p municipal puerto rican bond index it is at a sixyear low. Should be no surprise but maybe a very interesting weekend in that regard. Rick santelli thank you very much. Im glad we finished with the dollar being down because it is helping gold prices somewhat right now. They are closing to the up side. Gold sitting at 1,094. Moving to the up side by about 5. Nonetheless, it has had a really bad