Ryan loch good morning and welcome to wieng on cnbc. Im sara eisen along with don chew who is in for wilfred frost today. Its throw back thursday. Were throwing it back to a back to school theme. Hard to believe summer is over. I feel older and older every day and this music doesnt help at all. Lets get a check on Global Markets. We did see losses yesterday. About. 50 point decline. Looks like theyre extending their decline. S p down 2. 5. Nasdaq down about nine. Health care a big part of the reason for the weakness after bio tech sold off sharply. More on that in just a moment. As for the tenyear treasury yield, sticking to the ranges ahead of the yellen speech. Stuck in neutral for sure. Basically a 12 point range. Hasnt budged. Even though we had good housing data. New home sales were very strong in some of the earnings reports. Had been strong as well, but potentially fed speak is going to move this treasury bond price out of the range or if where he start to see a slow down of quantitative easing from the uk. Its not just the bond market. Its markets overall have been in a neutral stance for a while on very low volumes on the equity side of things for sure and all of that in anticipation of whats going to happen tomorrow with Janet Yellens big speech. If y the dax in germany off by 1. 3 early trading. The cac in france off by about the similar about. 1. 25. The ftse down about. 75 . Spain in ibex off a percent as well. Broader losses across the board. As for the overnight session in asia, lets take a look there because in many ways were seeing still a little bit of that mixed picture, especially out of places like china. The nikkei in japan down. The shanghai composite. And hang seng and hong kong flat. Marginal gains. Broader markets are taking a negative tone, especially whats happening in europe right now. Lets go outside and show you the price of oil which has been selling off. Another surprise build put more pressure on oil. Flat this morning, but back below 47. Brent below 49. Just barely and nat gas under pressure as well. The dollar is stronger. Has been stronger lately. Its weaker against the euro this morning. 112. 81. And the british pound backing up a bit, but still above 132. As for gold, keep an eye on this. Gold got hammered yesterday and so did a lot of gold minors. Bouncing back a bit. Unchanged this morning. That will be key to watch if janet yellen does imply the economy is Strong Enough to look at interest rates. Thats going to be a key battleground with regard to what fed policy. Desperate for direction i would say. Many are. Well, a pair of economic reports top todays agenda. First you have weekly jobless claims. And durable goods. Claims expected to hold steady around that 255,000 mark. Demand for durable goods are forecast to rise more than 3 in july following a drop of 4 in june. The caveat there, durable goods always seen as a volatile indicator on a data point basis. As for the earnings picture, met tronic posts results. Along with Dollar General and dollar tree and tiffany. After we close, we hear from game stop as well. Some other stocks to watch today, we did get big earnings. Hp inc. Beating revenue and forecast on a demand for notebook pcs. Weaker sales of printers as businesses cut costs. Pvh better than expected. The clothing maker whose brands include calvin clien and tommy hill figger. Mad money about the quarter last night. Have a listen. You have to go with the consumer is. Stores are not going away, but the last time i was on here we spoke about the fact theres too many stores in the united states. May sis to their credit stood up and said we need to close 100 stores. Only about 1 billion of sales, you know, i think that will put some pressure and clearly create bottom line opportunity. Those were not profitable locations. Revenue rising 4 of relative price in the retail word. Theres tillys. Shares rallying as well. And same store sales. The chain says back to School Results have been mixed. It is early and well positioned for the season. A lot of Retail Stocks certainly focusing back to school season. More stocks to watch, workday posting a Second Quarter loss. Revenue rose by more than a third beating forecast. The ceo of the Business Software maker speaking about the quarter with jim cramer on mad money last night. This is our Second Quarter in a row of being positive operating margin and that really is the leading indicator for us. First quarter we were around 3 operating margin. Here were slightly less than 2 operating margin. Weve moved into positive territory and if you look at our Free Cash Flow, we had very healthy Free Cash Flow over the last 12 months. Certainly a focus for in the investors. Guess reporting higher than expected sales. Raising the lower end of adjusted full year profit guidance. Those shares up 16 in early hours trading. Heico tops estimates. Shares of the defense in air row space contractor up more than a third. Up 1. 25 in early extended hours trading. Amazon may be looking to step up grocery game. Has amazon fresh, but may be moving into new territory. Drive up grocery hub. Interesting idea. Planning documents and local news out looks point to click and collect. Having consumers pick up their own groceries would eliminate the need for amazon to deliver perishable items. This is something that kroeger, for instance, the biggest Grocery Store outside of walmart have been experiencing with because when it comes to the business of delivering groceries, the executives always said to me when they talk about the threat, its a lot more difficult delivering packaged goods. Of course amazon has had the history of lockers. Going to pick up your things. Sdwl sort of building on that idea. Will customers order and pick them sup is the question. Turning to uber. Pull out of the gate. Macau pulling. It isnt a large market with only habit 600,000 people. Still, its a blow to the companys efforts to expand in china. Of course uber in china is going to be a big deal. Large market there. Of course shining partnership deals and acquisition. Investment firm wul burr ross agreeing to pay. Did not properly disclose some of the fees it charged investors. Its the latest in a string of enforcements taken by the fcc against the private sector. The former ceo of comverse pleading guilty. Ten years after Jacob Alexander moved to africa in what the government says was an attempt to flee prosecution. The judge denying him bail. Hell be sent to a maximum security prison until sentencing in december when he does face up to ten years in prison. When we come back t latest on italys 6. 2 earthquake. Well take you live. Stay tuned youre watching cnbc first in business worldwide. Get funky with your chicken. On average, one in 6 americans will get a foodborne illness this year. So, learn the right temperature to cook each type of meat. Keep your family safe at foodsafety. Gov. Gilman go get it, marcus. Go get it. Coach gilman used his cash rewards credit card from bank of america to earn 1 cash back everywhere, every time. At places like the batting cages. [ crowd cheers ] 2 back at Grocery Stores and now at wholesale clubs. And 3 back on gas. Which helped him give his players something extra. The cash rewards credit card from bank of america. More cash back for the things you buy most. Welcome back to world Wide Exchange. If youre just waking up lets get you up to speed. If u. S. Equity picture a little to the downside today. We see the dow futures down 32 points off about. 20. S p off about 3 points. Similar losses in terms of a percentage base. And the nasdaq off about eight points. All across the board here, marginal weakness, not a lot of activity ahead of that big speech by janet yellen tomorrow. The bio tech side of the business, part of health care overall. Take a look at ibb. That ticker there, ibb, showing real signs of weakness. Still, bio tech a large part of the story overall. Part of health care. Health care the third biggest influence waiting in the overall s p 500. After double whammy. Clinton comments on mylan and the obama administration. Let switch gears to the attack at american university. Two gunmen were killed at the institution in the Afghan Capital this morning. It all started when a car bomb was detonated and several gunmen forced their way inside. 12 people, including seven students, were reportedly killed. And to indiana where tornados that touched down in the center of the state tore off roofs of apartment buildings ask cut off power there as well. The Natural Disaster did not cause serious injuries. Did do a number of this particular stur bucks. Videos and pictures of the coffee chain flattening are going viral on the internet this morning. You can see the stunning pictures and video from this tornado. Taking a big hit there. All the devastation, again, these things, Natural Disasters are a force of nature. Theres no doubt about it. When we come back, mr. Brexit made mr. Trump, who calls himself mr. Brexit, a key figure in the uks vote to leave the eu. The republican nominee in mississippi on the campaign trail. It was 100 years ago today the National Park service was created. Managing about 59 National Parks as well Many National monuments. Including the statue of liberty. The National Park service is waving entrance fees at all parks through the weekend. So go out and see your local National Park. Before we head to break, heres National Weather forecast from the Weather Channel general carfagno. Good thursday morning. Weve got a business day ahead. Thunderstorms on the move. Yesterdays severe outbreak of tornados in indiana, we could see thunderstorms again. Theres an isolated risk right up here into ohio and also back across portions of kansas. Same front is making a lot of progress. It will bring thunderstorms into the thort east today. Look at seattle heading back up 90 degrees. San francisco is yet to hit 70 this entire month of august. That trend continues today as well. In the middle of the country we have temperatures warm again. A lot of heat and humidity. Break from summer is over and, certainly, youre feeling it in the northeast. Temperatures back in the middle upper 80s and humidity coming back as well. Thats your forecast. General carfagno with the Weather Channel. World Wide Exchange continues after this. You get used to sweaty odors in your car, you think it smells fine but your passengers smell this. Eliminate odors youve gone noseblind to for up to 30 days with the febreze car vent clip break out the febreze, and [inhale exhale mnemonic] breathe happy. Welcome back and good morning. Lets get you up to speed on the market action. Looks like futures are under some pressure after we saw a half a percent decline. Nasdaq down five. Health care will be in focus after mylan drops 5 sending bio tech stocks reeling yesterday after Hillary Clinton tweet. And dom, thats certainly is going to be a focus along with retail earnings including the likes of tiffany. Absolutely. A lot of those stories a big focus here. Turning from markets to the world of sports. Hope solo has been suspended for six months. Thats until the wake of comments she made at the rio olympics. The goalie called the swedish team cowards after the americans lost to them in the quarter finals. U. S. Soccer said the suspension was for conduct counterto the groups principal. He past conduct was factored into the decision. She was accused of Domestic Violence in 2014 and was arrested for a dui in 2015. Also, ryan lochte has a new kind of competition ahead of him. The 12time olympic medallist locking down a deal to join dancing with the as far stars. Reached out before the start of the summer games with the deal being finalized this week. The season premier of dancing with the stars is on september 12. We turn now to the devastating story in italy where 247 pooem have now been confirmed dead by authorities this morning. Following that 6. 2 magnitude earthquake about 100 miles northeast of rome. Lucy joins us with more. What can you tell us this morning. Reporter good morning. Devastation, destruction, and a separate search to try to get to anyone who is still alive and trapped beneath the rubble. This is now day two of search and rescue operations. It has been a Dangerous Mission for the workers here. We spoke to one firefighter this morning who said one of the difficulties as they dig through the rubble, more structures can collapse. The ground is unsteady. And the issue of after shocks. More than 460 hitting since term earthquake took place on wednesday. A very power first of all aftershock this morning at about 5 00 a. M. Local time felt as far away as in rome. If you look behind me you see the remains of one of the homes here now reduced effectively to a mountain of dust and stone. The only thing left standing is essentially the doorway. That is basically what much of this town looks like. It was an Historic Center full of ancient stone structures that withstood the test of time for centuries now reduced to piles and piles of rubble. The big priority here for this town right now is the essential figure out who is alive, who is dead. And get to those who may still be missing. One of the reasons the numbers have been going up and down in terms of causalities and wounded. We dont have a clear picture of the wounded because this is the height of tourist season. A lot of folks from out of town moving in and out to the region. It takes time to contact those families to figure out who might be here. Who is still missing. Another issue, of course, is faenls from rome, venice, other italian cities are coming here to escape the heat. They were here vacationing with their Young Children before the start of school in september and that is why the death tolls, the missing tolls are so much higher than they would have been in the middle of the year. Thats also why so many of the victims are children. Theres going to be a lot of very difficult questions for italian authorities in the aftermath of all of this. This is a noun fault line area were standing in between. Essentially ab area where tech tonic plates meat. Where the structures were not reinforced by authorities is going to be a top question of the devastated residents are going to be asking from their officials. For now the search, the focus, the priority trying to get to anyone who might be trapped beneath the rubble. Thank you for the update. Lucy reporting live from italy this morning. Now were going to move on to u. S. Shore political side of things. Getting heated on the campaign trail. Accusations and name calling in full swing. Tracey potsz joiie potts joins washington. Reporter youre going to hear more of it today. Donald trump calling Hillary Clinton a big g bigot today. Trumps argument is that democrats have been taking advantage of minority voters for decades leaving them in communities with high crime, high poverty. Poor education and they need to take a look at republicans. Hillary clinton is a bigot. Who sees people of color only as votes, not as human beings worthy of a better future. Going after claiming democrats have done little to improve lives of minority. Comes in reno argue what she told cnn last night. Trump shifting republicans who are disturbing extremists views. Someone who is very much peddling bigotry and paranoia. Donors to her Family Foundation broke no laws or ethical rules. Theres a lot of smoke and theres no fire. Reporter she called trumps shift of immigration desperate. He said hes willing to work with immigrants who came here illegally and want to stay. My priorities will never change. Jobs, wages, and security for americans. Reporter his Campaign Says expect more details in the next two weeks. And donald trump is going to be meeting with leaders at trump tower in new york today. Thank you so much for the latest on the campaign trail between letters of intentclinto did you see this, getting a boost from brexit leader. Farage who is a chief component of the british exit from the union joined trump on stage in jackson, mississippi farage went after president obama for urging british voters to remain in the eu and because of that wouldnt directly endorse trump in an effort to avoid what he called metaling in u. S. Affairs. He did say if he was an american citizen, he wouldnt vote for Hillary Clinton if you paid him. He is saying something. A nonendorsement endorsement. He had messages that trump needed like, go after the establishment, defeat washington, they told us that it was going to destroy our economy. Its not. They told us the polls are moving in the other direction. All of these messages that are resinate wrg the trump campaign. Wonder how it resinates with the voters. Lets stay on the political front. Hillary clinton calling into mylan to voluntarily drop the price of the ep p i pen. Mylan has been under scrutiny the democratic president ial candidate tweeting that theres no justification for raising the price on the life saving medicine. Well get more insight into how the ceo of mylan is going to handle the controversy. Heather bresch will be joining squawk box. One you wont want to miss. When we come back, top stories. Will tiffanys leave in the torres blue again. Well tell you what to watch. Stay tuned. Youre watching cnbc, first in business. Worldwide. Children i, j, k. [telephone rings] man hello . Man you may kiss the bride. [applause] announcer a full life measured in seats starts with the right ones early on. Car crashes are a leading killer of children 1 to 13. Learn how to prevent deaths and injuries by using the right car seat for your childs age and size. Good morning central banking super bowl. Wall street waits policy details. Will tiffanys leave the investors blue . Plus, its a bird, its a plane. Its a pep rony pizza. The new way dominos wants to deliver to your door. Youre watching world