we'll run it during prime time details possible problems and what it means for you. that's all for this cnbc presentation. we'll be watching greece and the other 26 countries in the eurozone all weekend long. now, don't move because it's time for "street signs." welcome to "street signs," everybody. happy friday. i'm mandy drury. another down day this may. but are we setting up for a june boom? break out the sun block, guys. we are looking for the summer stocks set to sizzle. and say no to the ipo. the facebook debacle bolstering the case for companies to stay private. could this be the new normal for the market? we're going to debate that. and chew on this before you fire up the grill this weekend. pork prices are up and bacon prices are down. we're sinking our teeth into the pork price pinch and relishing this delicious piece of bacon news. and there's a big box office

battle brewing. we're going to take a sneak peek at the summer's hottest flicks and the stocks that could also pop. that's all coming up straight ahead. in the meantime, though, let's get to the market stats. an up and down day for stocks has the dow on the verge of a record. only four positive days this month, the fewest the dow has ever had in any one month is five. also despite today's losses the s&p 500 is still on pace for its biggest weekly percentage gain in ten weeks. and the nasdaq is down today, but still on track to break a three-week losing streak. just putting it all in perspective for you. and of course it's been a really big week one for facebook. of course this time last week it was hitting the street. it was down 17% though since that ipo debacle. let's get down to bob though on the floor of the nyse. bob, we were just chitchatting before the show and you were saying considering all the headlines, all the noise about what's going on with greece and spain and the crises around the peripheral zone of europe.

the volume is pretty flat. not a huge amount of so-called fear out there on the street right now. >> i also hope you saw that terrific special michelle just anchored. you're absolutely right. it's rather surprising. cat lone running out of money. that caused a drop in the euro. look at the markets, the response has been very muted. this is a little strange here. this is essentially 30-point trading range for the dow industrials. that's not much. the volume is on the light side. if you look at the distribution of pricing on the sectors today, this is about as flat as it gets. we're on either side of fractionally positive or negative in the s&p sectors, industrials, materials, techs, it doesn't matter. look at that. that's a pretty narrow price distribution. normally you get much more volatility in the markets than you do. and speaking of volatility, if you look at the vix, well, we're about as flat as you can get in the vix as well today. almost no change at all. here's the problem. just because it's flat today, we have no way of saying that the market is now pricing in any kind of event at this point.

it's so volatile on a head lie-by headline basis that we can't say next week is going to be flat even if we have another crisis. >> maybe everyone else just got a jump on an early memorial day weekend. that's another possibility, bob. thank you so much for that. and what a messy month it's been. messy is probably a really good word for this. stocks on track to see their worst may in two years. do not lose hope. there could be a june boom on the horizon. bertha coombs joins us with some summer stocks that could be set to sizzle. bertha. >> you know, hurricane season starts june 1st, officially. even though we've already had one named storm. and in the markets it's been about the red hurricane storm flags for the last five summers. here's how we weathered. started with the credit crunch in 2007 and then the record oil in 2008. 2009 we had a huge summer move up, but it was off of that big bottom we had. and then the last two summers have been about the eurozone crisis. we're on track for a third. last summer add into that as well the fact that we had the

debt crisis and debate here in the u.s. so how do you position for another summer with all of these things up in the air? knight capital's peter kenny says go with defensive sectors now. and after the last five summers, health care, consumer staples and utilities have all done pretty well. they've been positive. but what's interesting is that the outliar and performer has been tech up more than 2% on average each of the last five summers. and in part that's part of the reason why that the nasdaq big caps have shown the best summer gains three of the last five years. on average they've been up about 3% on the nasdaq. the nasdaq composite has been positive while the rest of the indices have been in negative territory for the last five years. the blue chips, the worst performers. in part apple has been the fuel, but the best performer summer champ the last fife years running is alexion pharmaceuticals. it's already up more than that

this year to date. and the biotech maker of rare disorder treatments remains at all-time highs since it was just added to the s&p 500. and art hogan thinks we'll get a more aggressive response from the ecb this summer which will be good for consumer discretionary stocks. nasdaq discretionary has been on fire the last five summers. in fact, online travel giant priceline has been up an average of about 26% while rival expedia has been up an average of about 16% the last five summers. they're down today, but they are still near all-time highs. continue to show momentum. but three big momentum players over the last five summers, well, they've lost some mojo. apple of course up 13% on average each summer has stalled of late. and green mountain coffee and apollo, these are two on herb's blacklist. they're up today, but these stocks are broken, mandy. they're under water about 40%. don't look for them to be champs

this summer. >> guess what, bertha, herb will be back later on the show to talk about green mountain, what else. indeed, the question here is should you be stocking up on some of these big cap tech names like bertha just mentioned this summer? let's bring in dan jenta and also rob mcooifr. gentlemen, thank you so much for joining us today. dan, let me get to you first. despite the fact the s&p has dropped about 5% since the end of april, when you consider so many other places are doing so much worse, like bear markets in places like russia, brazil, periphery, europe, would you say we are still the best place to be in terms of parking your money for stock sns. >> mandy, i think right now we're clearly the best place to be. the fact of the matter is the market where it is right now is at that it's really priced in a lot of the bad news in my opinion. so we probably have a fair amount of resistance on the downside. certainly quite a bit of support

in the 1250 area. that's somewhat the good and bad news is that the downside risk is limited, but we're still going to be in purgatory near-term and be held hostage in the early part of the summer. but i think the positive news is that earnings are still going to be 103, 104. they're moving up. we're going to be 6% to 8%. and there's a lot of good opportunities out there especially in the high dividend space because i think this is going to be more protracted than people think. so getting paid on your money while you wait is just going to be critical. >> we'll get to your individual picks in a second, dan. but, rob, do you agree with what dan said considering i'm seeing here your biggest fund is 99% u.s. stocks. i mean, talk about putting all your eggs in one basket. >> well, that's a good observation, but we do see a lot of value in that basket ba of stocks, mandy. we tend to buy high quality growth companies. and with the strength of their balance sheets, the durable competitive advantages, we see a lot of value in those companies that are also looking very defensive. and frankly, undervalued at the

moment. >> like which ones? >> well, for example, in the portfolio today oracle, the data base company, pepsi, obviously the global beverages and snacks business. and lab corp of america with the largest diagnostic businesses here in the united states offer a great deal in terms of strengths in the durable competitive advantages, very strong returns on equity. and this rather messy environment, as you mentioned earlier, we see a lot of defensive characteristics but also growth opportunities for the long-term investors. >> while i've still got you, rob, and wliel we're talking about picks, last time you came on the show was february 24th. back then your pick was utx, united technologies. it's down 12% since then. what's your view on it now? would you still hold it? >> we're still a holder. in fact, we've been adding to the position, mandy. the business itself is a global industrial company that's leveraged play on the emerging markets infrastructure story. and once the market has taken fright about some of the slowdowns in the global economy in particular in asia, we still

think that the durable business competitive advantages there at united technologies is very compelling and indeed the stock price today is looking at very good value again for the long-term investor. >> dan, i'm going to hold your feet to the fire in the same way because the last time you were on was april 18th. and you put your bet on express scripts, which is also down about 11%. same question, you still backing this horse? >> absolutely. i think that the health care space alluded to earlier, health care, utilities, consumer staple companies will continue to do well. a company like express scripts will have things covered both from the prescription side also what they're going to be doing on the generic side. we think they'll see 10% to 12% growth. it's undervalued. i think that's the key here is that when you're looking at the overall market of about 12.5 times, many of these stocks, like the ones we're referring to trading at 10 times earnings is that you've squeezed a lot of the bad news out and the upside is substantial.

and a lot of other stocks, like intel, centurytel and metlife probably increasing their dividend, these are companies that you can get three and in some cases 4% while you wait. and century link you're getting 7.5%, granted the upside growth is limited, but right now 7.5% return over the next 12 months is looking pretty good. >> okay. so intel, metlife and century link are your current picks. dan, if you can stomach short-term volatility, would you wade into european equities right now? considering if indeed the policymakers do manage to sort out the debt crisis, there could be a big snapback, right? >> i think you could certainly see a snapback. i would not want to go into it just on a generic basis meaning just buying a broad fund of europe. there's just too much unknown out there and too much fear and that unknown is really going to be our enemy and devil for the time being. i think there are individual stocks that are out there that are significantly undervalued. and when you can see that

earnings flow and that dividend flow and where it's predictable, clearly, you know, we are stepping in. and those are places that people should gravitate to. >> got it. dan, rob, enjoy your long weekend. >> thank you. >> thank you. >> coming up next on "street signs," it's been a wild week on wall street. buckle up, next week is even busier. we're going to break down the four key events of the four-day week and also here is food for thought. pork prices are up, but bacon is bucking that trend. we'll sink our teeth into that straight ahead. later on, a battle of the heroes at the box office. can "men in black iii" avenge the number one "avengers"? what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ?

ally bank. no nonsense. just people sense. [ creaking ] [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, what's next? [ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the all-new f sport. this is the pursuit of perfection.

dean foods hitting a two-year high. d.f. is the country's biggest milk producer. that stock is up 33% year-to-date. by the way, cramer is bullish on dean foods, but he isn't a buyer at current levels. well, staying on the food theme, chew on this before you fire up the grill this weekend. food prices, you probably know if you've been to the store, they're on the rise. but there are two delicious bright spots. jane wells joins us now with some food for thought, right, jane? >> mandy, the usda says overall we can expect about 3% grocery inflation this year. but one of the biggest gainers, bacon. this is my version of crack. bacon has brought home the bacon a lot more than the rest of the pig in recent years. look at this chart. much more expensive than chops or ham.

but after peaking last june, the usda latest numbers have bacon leaning towards $4.53. why? a lot of piggies. the american restaurant association says pork inventories are 20% higher than a year ago. but bacon is not alone. other food prices are falling including bacon's arch enemy, healthy vegetables. >> tomatoes are down about 20%. lettuce is down about 30%. vegetables on average, the index for all vegetables is down around 10%. people interested in making a fresh garden salad, prices are great right now compared to this time last year. >> bbnt declares there could be a "armageddon" in salads as chiquita goes after dole. back to bacon. really, that's all we want to talk about. kraft's oscar mayer controls 21% of the refrigerated bacon market. that's what i would really like to be. citi says kraft's higher prices

have offset but kraft at times has experienced weak profit trends when bacon costs rise. finally, what goes with bacon? mandy, guess what is the most volatile food category the u.s. follows? guess? >> eggs. >> good girl. yes. eggs they say -- they're all over the place on pricing with eggs. very hard to predict what they're going to be, but the usda is predicting eggs will rise a little bit this year. >> i wanted to buy a pot belly big as a kid, but new york city says they are livestock and banned as a pet in the home. great pets. very intelligent. let's get to brian shactman now for a market flash. >> look at shares of pharma almn. reports they rejected $22 a

share offer from bristol-meyer. they've received others from merck and santa fe. the spike on the stock went from flat to up about 6%. >> that is a spike indeed. thank you very much, brian shactman. next week it may be a short week, but it is long on news from housing to consumer confidence. there's a ton of economic data out there could impact your money. let's bring in julia coronado, chief economist at bnb and our very own rick santelli. julia, there's a lot of stuff going on next week. the payroll for may. what do you think next week's data will tell us about the state of the economy? >> i think frustratingly the data's going to tell us we're still stuck in neutral saying the u.s. economy is growing right around trend. the good news is it's remarkably stable. the bad news is there's not a lot of indications where shifting into a higher gear yet. >> is there any policymaking implications from what we're going to see next week, do you think, julia? or is stuck in neutral just essential policy neutral?

>> i think for the fed, i think it just leaves them on course to end operation twist and kind of see how it goes. i think we got that indication from new york fed president dudley earlier this week. so i think for now barring a real meltdown scenario in europe between now and the june fomc meeting, they're more than likely to just stand pat. >> in terms of what this means for our money, ie the investors, rick, what do you think is the most important next week? >> well, without a doubt it's going to be the adp and the bureau of labor statistics jobs report. and cautionary word, adp instead of being released wednesday will be released thursday due to the monday holiday. and they're both looking for headline numbers of 150,000. so, you know, i think we're getting accustom to being happy with less. and also out on thursday is our second look at first quarter gdp. it was poultry when we were at 2.2. the expectations are for it to be below 2%.

all of these are important as we assess what's going on with europe and how it may impact us more negatively. >> absolutely. julia, my last question to you then is when are we getting out of neutral? when are we going to go into something a little higher in terms of gears here? >> well, i mean, the best news we've had of lately is inflation is set to decline. consumers should get a little boost to their purchasing power from falling gasoline prices and perhaps falling bacon prices as your previous segment suggested. but i think the bad news is that the headwinds to europe and also in china, we've seen a lot of slow data in china and india, a slower global economy also means slower exports. so less boost from the global backdrop. so i think on balance we're probably here for a while. >> darn it. thank you very much for that. just ahead on "street signs," the one stock that's turning i do into a big ugly i don't. and if you're traveling this

weekend, hit the cloud before you hit the road. travel apps are revolutionizing road trips. the must-haves when we return. >> announcer: the cnbc realtime exchange market snapshot is sponsored by interactive brokers. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade.

it's another reason more investors are saying... today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. but not how we get there. because in this business, there are no straight lines. only the twists and turns of an unpredictable industry. so the eighty-thousand employees at delta... must anticipate the unexpected. and never let the rules overrule common sense. this is how we tame the unwieldiness of air travel, until it's not just lines you see... it's the world.

in every way, shape, and form. it's my dream vehicle. on a day to day basis, i am not using gas. my round trip is approximately 40 miles to work. head on home, stop at the grocery store, whatever else that i need to do -- still don't have to use gas. i'm never at the gas station unless i want some coffee. it's the best thing ever. as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve.

foot locker has been on a tear since reporting better than expected earnings last week. consumers have been enthusiastic about the chain's new product offerings at $32.58. here's a first. today's sunshine stock is also our disaster du jour. deckers is up 4% today perhaps ridie ining foot locker's coat . but the company that makes ugg boots and sandals is up 5% has seen its stock fall 35% over the last year. here's the real disaster, wedding uggs. bride can get the iridescent

sparkles i do number for $190 or the bling i do for $225. there's also the horrifying fur-lined flip-flop. can you imagine walking down the aisle -- or trudging down those aisles in uggs? an interesting case of what did they know, when did they know it and did they disclose it enough? gm has been in the news a lot lately and this is a new twist in the tail, isn't it? phil lebeau. >> this is a story about corporate governments and failing to disclose potential conflicts of interest. now, this involves the cfo, dan ammann. specifically revolve around an ad agency out of new york. the ad agency coo is the wife of mr. ammann. here's the timeline, back in

2011 mother new york gets a $600,000 contract from general motors to work on the chevy anniversary, the 100th anniversary. that anniversary happened in november. in april, just a month ago, gm files its proxy statement and there's no mention of the relationship between mother new york and dan ammann's wife and general motors. last week they were going through the contracts and disclosed this ad contract saying essentially, listen, dan didn't know about it until now. we are now alerting it. and by the way, as we look at shares of general motors, they have since brought it through the process bringing it to the ceo, dan akerson, the general council, both of whom have now approved the contract. there's nothing that appears to be illegal here, mandy. but this gets to the heart of kompt govern nans and disclosure of potential conflicts of interest. again, dan ammann says i didn't know about this contract until they brought it to my attention when they were going through everything even though his wife is the coo of this ad agency. >> okay. so as you were saying there's no indication that anything illegal

took place here. >> right. >> but it's the reputation, isn't it? >> it is. and a lot of people are going to say, wait a second, it's a $600,000 contract. are you telling me that your wife didn't know about this? and this ad agency? and if she knew about it, shouldn't she have mentioned something to him? we're not privy to the conversations they have, but it raises some eyebrows there. >> eyebrows are being raised. thank you very much, phil lebeau. if you plan on traveling this memorial day weekend, there are some new travel apps that are revolutionizing road trips and making finding your way a whole lot easier. joining us is paulen summer. i've used the summer guide books myself. fantastic to have you on the show. in the innovation of travel a s apps, what should i be downloading today to make my weekend travel easier? >> this is going to sound incredibly self-serving, but we have a free one that will give you every tool you need from currency converters to tip

planners. we have ones for every destination or almost every destination in our guide book series. so you get the guide books, you get interactive maps, you get the weather all in a handy dandy app. that's a great one. if you're going overseas, i love skype. it allows you to phone home for free from your phone. what can be better than that? it's being blocked in some countries. and then there's google translate, which gets you around the world as well. and then finally if you're a business traveler, i like xpense tracker. >> there are so many fantastic things right now, but i believe there's one thing that the hotel industry's really fighting back on and that's using sites where you can go and stay in people's houses. >> absolutely. there are so many alternatives to traditional hotels.

in fact, some studies have shown that over the memorial day weekend only about 40% of the people who are traveling will be using hotels. the rest of them will be staying with friends or they'll be renting entire apartments and condos and vacation homes for the same price or close to hotels. so so many different options. it's bad trouble for the hotel industry. >> and it's all about customizization. we can make it so personal these days. thank you for joining us. >> thank you. >> coming up next on "street signs," ceo pay gone wild. the average ceo pockets $3,000 a minute. so, how long would it take you to make that much? the shocking answer is coming up. and just in time for the summer blockbuster season. some big screen trivia. we're going to tell you the answer when "street signs" returns. stick around.

in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max. [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page, creating the rx hybrid. ♪

now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. see your lexus dealer. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha!

welcome to the world leader in derivatives. welcome to superderivatives. welcome back, herb. it's so great to see you. >> i wish i could say i was glad

to be back. >> where's herb going, i looked back and said who's herb? just kidding. great to have you back, buddy. anyway, let's talk stocks. we're going to start with the news tim cook given up $75 million. apple will not say why. speaking of apple, i wanted to get to you on this one, herb. apparently ibm is banning employees from using siri on their iphones. and they've also banned the icloud as well. they're saying there's so much personal stuff, for example searches, e-mails, inappropriate jokes, you name it. it's all going to one black box. and they don't know how long apple is storing this information and who exactly is looking at it. so the question here, is this good for the good old fashioned rims of the world if some of these smartphones are getting a little too smart and issues of privacy are raised? >> no. i think we know the issues of privacy are out there.

if you look at it, most companies are not banning siri. siri itself doesn't always work as we know. with the cloud, there are certainly security issues people have raised. i don't think it's going to say cause a revival of rim, research in motion, i think there are those people who look for secure methods and ibm is one of them. they're going to go their way. but i think this train has left the station. >> yeah. i think they want to be conservative. not paranoid, just a wise move. my question would be bring your own device to work issue, right? >> when you bring your own device to work, remember the enterprise is creating security within those devices. ibm has its own reasons. whether that's the beginning of a trend, we'll see. i don't think it's going to resurrect some of the old. >> got it. let's talk about groupon. i know this is a stock you've followed for a long time. >> it's very interesting. we've had an independent analyst on that had a piece today where he said the company is coming out and effectively trying to create or testing a paypal-like

system. they have their own little itouch, they're doing it their way. he says the issue with this is it's a very competitive industry, a low margin business. apparently very competitive. we reached out to groupon, we didn't hear from groupon. they're not saying much about this right now. but the question is, does this mean groupon's like throwing a bunch of spaghetti at the wall trying to do so much and this is one of those things -- >> not sticks. >> another method. we'll see what it means down the road. >> another questions where's herb on twitter, sully replied hiking in the green mountain valley. >> i leave for two months and all sorts of things happen here. you had the board turmoil at green mountain. you know, take a look at green mountain today and it's kind of interesting because you had more turmoil in the boardroom. last night, the ex-ceo of coca-cola on the board an independent director left citing

personal reasons. you want to look at that and say, come on, something more is going on there. >> why is it up? >> who knows. take a look where it was. right now it's bouncing around where it's been. the market does what it does. then we have another company i've talked about quite a bit here as a bull/bear stock. i did a herb alert on it a while back. and that is universal make leds used, stock is up here, but if you look at a stock longer period than we have here, look at this stock since may. this company disappointed in earnings. but then took a bigger hit because a patent has been invalidated. this sort of fell through the cracks. i look at it something else of kicking some tires, calls out to the company, haven't heard back, to see whether there's more to this patent invalidation story than meets the eye. i'm working on it. i've got to translate some stuff out of japanese and we'll see. >> talking falling through the cracks, it's down 26% over one month, right? >> and this was a real high flier. again, one of those great bull/bear stocks.

>> you know, bottom line here, you are not allowed to go on vacation ever again. all of the action, all the stuff hits the fan when you disappear. >> it's always -- when i'm leaving, be ware. >> okay. thanks so much, herb. well, a long time ago in a galaxy far, far away, there was a movie that changed everything. yeah. it's hard to believe but "star wars" hit theaters 35 years ago today. it raked in a whopping $1.5 million on its opening weekend. of course that sounds like peanuts in today's terms, but it was a record back in 1977. the "star wars" franchise is now worth an estimated $30 billion. george lucas classic produced on a budget of $11 million. which would be about $42 million in today's dollars. i went to see "star wars" as a wee person at a drive-in. put that in perspective, the budget for "the avengers" five times for "star wars." great movie by the way. but with the summer blockbuster season kicking off this weekend,

it could all change. joining us now with a sneak peek of this summer's hottest flicks is david bank, media analyst at rbc capital marketings. what are we most looking forward to, david? >> well, you know, this really is the summer of the super heroes. we have capes on our back as we're talking about this. i think that, you know, marvel or "the avengers" franchise really changed the fortunes of disney for years to come. that one movie, because it's such a big driver of all these marvel characters, and i think you're going to see, you know, a continuation of that theme and spider man driving the sony studio. you're then going to see more superhero stuff with "dark knight" coming out in the middle of july. i would expect you're going to see continued box office kind of box office driven by that. i think in terms of other interesting stories, you know, for disney itself, disney tends to be driven right now by two

basic franchises, marvel and pixar. we've talked all about marvel. what's next for pixar? a movie called "brave." we know a lot less about that movie. it doesn't seem to be that kind of massively consumer products friendly. so it just has to do, i think, okay. but that would really help disney stock a lot if they can launch a new franchise in the form of "brave". >> you don't think it will be the second coming out of "toy story" which was immensely popular. if i'm correct in understanding, what makes a blockbuster is not necessarily how it does on opening weekend and on further weekends, it's also how much you can tie in the consumer products, how much you can like flog the little kids like i've got in terms of cars and other toys related to the movie. >> you got it. it's interesting if you take the case of "spider man" where disney through marvel actually owned a percentage of the movie, they traded that percentage of the movie that they owned for 100% ownership in the consumer

products business. so i think what they're essentially saying is the lunchboxes and action figures and pillow cases and everything else your kids get is more valuable than the movie at this point. the movie is just a marketing device. i think the other thing different than when you were going to the drive-in to see "star wars" back in the day is that the movie business itself is so much more global. so it used to be, you know, even five years ago for every dollar of domestic you did, you did maybe a dollar of international. for these blockbusters, those numbers could be, you know, you could be doing three or four times as much at the global box. chinese are going to the movies, russians are going to the movies, latin americans are going to the movies and it's starting to add up and change the movie business. >> yeah. can be a bomb domestically and a huge hit internationally. david, thank you very much for joining us. >> you bet. >> coming up, from world series hero to entrepreneurial zero, world series winner, kurt

shilling, tells d-ro his story. and call them bonds. japan bonds. the ad campaign steering the japanese debt market. you've got to stick around to see this guys. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life,

ask your financial professional how lincoln financial can help you take charge of your future. ♪ and here's what we did today: supported nearly 3 million steady jobs across our country... ... scientists, technicians, engineers, machinists... ... adding nearly 400 billion dollars to our economy... we're at work providing power to almost a quarter of our homes and businesses... ... and giving us cleaner rides to work and school... and tomorrow, we could do even more. cleaner, domestic, abundant and creating jobs now. we're america's natural gas. the smarter power, today. learn more at anga.us. [ tires squeal, engine revs ]

♪ ♪ ♪ [ male announcer ] not everything powerful has to guzzle fuel. the 2012 e-class bluetec from mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.

listen up young skywalker, on "closing bell" at the top of the hour, gas prices may be on the decline into the memorial day weekend, but rising food prices may give us economicin digestion. and is apple dirt cheap? we have an analyst very bullish. says if you buy the stock today, could nearly double your investment within the next year. and former fdic chair calling on jamie dimon to break up jpmorgan chase. in the meantime back to you, mandy. i heard you say earlier when "star wars" came out you were a wee person watching it at a drive-in. i also watched it at a drive-in. >> were you necking back in the day? >> a gentleman never tells,

amanda. >> now leave everything to our viewer's imagination. >> yes, we shall. >> thank you, bill. well, from bloody sock to bloody broke, former red sox ace, kurt schilling striking out big time. darren rovell is here onset to tell us the full story. talk about a fall from grace. >> this is shocking. his video game company, 38 studios, laid off all of its staff, almost 400 employees yesterday after it couldn't come up with enough money to pay back a portion of what has amounted to $50 million in loans from the state of rhode island. this comes just a couple months after schilling's first game hit the market. schilling hasn't spoken much since things quickly went south. i did ask him how much his $114 million in career earnings he put into his video game company during the week the game came out. what percentage of your career earnings would you say you've put into this? >> a number far higher than my

wife would be comfortable with. >> but she knows the number. >> she knows the number. she knows the number. but we got to a point where it was too much, too good, to walk away from. this is an all-in gamble. and i think it paid off. >> i guess he lost that all-in gamble. the problem with being a high profile athlete, he explained he could get meetings with high profile people with a lot of money very quickly. you automatically surround yourself with yes people and not no people, people who will be your critics and people can tell you maybe you shouldn't be in this business. >> and true friends. >> and that's usually the problem. and that's often why athletes and high profile people fail. not a restaurant, not a financial advisor screwing someone over, but that's what makes this a little bit different. >> it is sad. thanks very much for that d-ro. the seattle mariners hottest new prospect can't be found in the theater or tucked away in the minors, so where is this power player? cnbc's brian shactman has

today's scarcity solutions. >> with baseball season in full swing, the seattle mariners think they have a hit in their unique solar panels they installed before the season. >> we have 168 solar panels on the sky bridge that connects our garage to safeco field. >> energy from the panels powers lights in the mariners garage and fueling stations for fans to charge their electric cars. >> we figured out a way to make it a little bit more efficient. and it is double sided. >> panasonic's hit double panels can generate energy from direct sunlight and reflected light at the same time. >> in a very small footprint, you have far more energy generation. >> while the pure play solar industry has had a tough time of late, diversified if i weres like panasonic can still thrive. >> panasonic is one of the high-quality leaders in high-efficiency technology, sun power being another. regarding the hit technology, panasonic is certainly in the lead there. >> it's an easy, clean,

affordable entry point. and we've decided to kind of focus more in terms of the higher end something we can specialize in. >> back in seattle the panels were an easy double play for the mariners winning over environmentally conscious fans and corporate sponsors. >> it's a look to the future. it's a look to renewable energy and cleaner air and cleaner water. there's other benefits as well. >> brian shactman, cnbc business news. >> we can never have too much brian shactman. here's another dose. a double dose of brian shactman with a market flash. >> how do you do that? that's magic. >> it is magic. it's tv. smokes and mirrors. >> thank you, mandy. look at xg shares. it's not a big cap. it's a small cap. 300 million. look at the stock chart. they have adopted a shareholder rights plan obviously to vet and fend off any unwarranted takeover overtures. so the assumption in the stock price is maybe people are poking around and trying to protect themselves a little bit or exact the right premium if somebody

does scoop in and try to go after them. 11.5% to the upside after being totally flat for most of the day. back to you, mandy. >> yeah, you're getting a lot of big spikes there. okay, thanks, brian shactman. coming up next, how would you like to make $51 a minute? well, we look at the staggering gap between what ceos make compared to the rest of us. and just say no to the ipo. i wonder if facebook wishes they had. herb's going to help us debate are successful companies better off staying private? that's coming up. ♪ why do you whisper, green grass? ♪ [ all ] shh! ♪ why tell the trees what ain't so? ♪ [ male announcer ] dow solutions use vibration reduction technology to help reduce track noise so trains move quieter through urban areas all over the world. together, the elements of science and the human element can solve anything.

[ all ] shh! [ male announcer ] solutionism. the new optimism. [ male announcer ] solutionism. high schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential... ...if the other states joined them. let's raise our scores. let's invest in our teachers and inspire our students. let's solve this. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity.

get 200 free trades today and explore your next investing idea.

the dow is down 79 points, a drop five points for the nasdaq and four for the s&p. investors are feeling a little anti-social on the ticker etf. it's fallen 13% and is down 7% alone since facebook went public. the company that was supposed to bring the mojo to the market. what can you say, a fiasco? trading down 5%.

so should companies looking to go public just say no to an ipo? herb, you're back. you want to rectify something, don't you? >> yes. i said i was on vacation for two months. no. it felt like two months. it was two weeks. >> and brian shactman said, have you lost weight? and you said no, it was because you were smiling. >> on the ipo issue, when i look at this deal and second markets, i want to say selling on ipo is not a great thing. selling before an ipo, as we can see, is really a big red flag. i actually think when you look at the second markets, they actually may be paving the way for a change in the entire ipo system because companies are staying private much longer and i also am beginning to think that the market is so broken that they may be coming in here with an alternative. facebook at this point is sort of a great example of what -- >> a poster boy for this.

>> exactly. >> let's bring in now let me get to you, a number of companies traded on the stock market and they have been shrinking for over ten years now. since 1997 when they peaked, we're down to 4,000 and change. it's 43% decline in 15 years in the number of public companies on exchanges. some of that is due to m and a activity. but really the ipos are not keeping up. some of the companies are deciding not to go up. when you have a smaller public opening universe all together. >> what would be the arguments to go public? what would be the alternatives and are there any benefit in doing an ipo? >> the question is why and herb

is right on spot. if you're running a privately held company and you're looking out for the market and you want liqu liquidity, and the market has come up with good solutions without going public, there's no doubt. remember, there's 27 million privately held companies. they are looking at this public market and they look at the hassle and government regulations, there's no doubt about it. >> brian, also you have to deal with people like john and me and we're going to sit there and berate you on what you're doing. look, i've talked to so many guys who have private companies and it's like gordon at crate and barrel, i want to put them up based on the good locations that i find and i think that you see the cash is down there. you don't have to rely on the private markets.

they are flushed with cash to get -- there are other options to get cash. >> i want to ask, how much is regulatory? we heard a lot about oxley and the wall between research and the willingness of banks to do ipos. >> well, look, guys, the people who start companies are entrepreneurs. they are kind of off the radar. it's not government paperwork regulation. it's just anti-thetical to who they are. it's a good point, john. and also remember, 20 years ago, the old days, right, there were not markets for these people to get liquidity. >> brian, i was going to say, do you think facebook regrets going public? >> that's a great question.

look, the real issue with facebook, let's get that behind us. look, guys, their value was sky high. that was the issue at least to us. they are really the only close comp was google. they were 25, 26 times sales. you know, i don't think facebook is going to drive the whole public market or the ipo market but it's awarding to everybody. if you go in on an ipo, if you're an i-banker, set them aside. facebook is sort of a symptom. they are not the cause. they really aren't. >> brian, john, herb, great discussion. thank you very much. here is a truly sobering sign of the times. the median salary for a ceo is $9.5 million, 51 bunts a minute. it would take 244 years to make that much if you made 40,000 a

year. you would have work a month what an average ceo makes in an hour. that's sobering. at least it's friday. stay tuned. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and...

is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become pregnant or are breast feeding should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood clots in the legs. tell your doctor about your medical conditions and medications, especially insulin, corticosteroids, or medicines to decrease blood clotting. talk to your doctor today about androgel 1.62% so you can use less gel. log on now to androgeloffer.com

and you could pay as little as ten dollars a month for androgel 1.62%. what are you waiting for? this is big news. an unlikely for japanese reconstruction bonds, this pop group will spearhead a campaign