to get in. >> very interesting. sue? i'm struck by how all executives say we're not against regulation. we're for smart regulation. they all say it. >> masterful. that does it for us. see you tomorrow. "street signs" begin right now. and welcome to "street signs." jamie dimon squares off with the senators on capitol hill. did they go after him hard enough? did he make the case? we'll break it douwn for you. are we creating a dividend bubble? plus, more signs of life in the auto industry. herb is ready to break the radio silence on radioshack. meantime, as for stocks, been

the very definition of a back and forth session. the dow crossed the break-even line in both directions a number of times today, falling as many as 75 points, up as many as 24 points. s&p 500 is down slightly at the moment and has the distinction of posting the biggest weekly loss for the major averages at least so far and the nasdaq, well, barely changed. sixth winning day in eight sessions. okay. that's what's happening with the markets. let's get back to the big story of the day and that's yeah my dimon's hearing on the hill. we have an all-star lineup to dissect the testimony and interrue with mary thompson. mary, do you feel you got out of the interrue with jamie dimon what you wanted to get out of it? >> i didn't get a couple questions in there, largely, how could someone with your experience almost 30 years in the banking industry become complacent? we know that's where mistakes are made. as i mentioned during the interview, during the testimony,

he called the losses a mistake. born partly out of complacency given the unit did so well for so long. dimon said he trusted ina drew largely because of the strong and long track record at jp morgan but that led to dimon's initial reaction to london whale and led to him calling them initially a tempest in a teapot. we asked him how he reacted when he found that tempest was a category-5 hurricane. >> i remember one point, i just being a little breastless but i remember telling everyone, you know what? this is going to be really tough. i mean, we have embarrassed ourselves. going to be investigations. we're going to have to do this right. it will get everyone upset. i said you can write the press. do all the stuff. it's going to be really bad. we need people to put on their jerseys, figure it out, help and get through this. >> it has been bad.

shareholders have lost over $20 million in market capitalization. dimon would like to get through this as quickly as possible because outside of the cio office, he says he has a business to run that's facing some very big issues. >> like, we have to run a business. every day people buying and selling and making loans and trading an and we are worried about europe and spending much more time on this than europe. we have to spend time where we need to. >> what he wouldn't spend additional time on today were questions about how big the losses could be or how much they -- future potential losses this he's indicated, have they come in at all. he said he wouldn't answer more of those questions and didn't matter 100 times. we expect to learn more about it, though, july 13th when a fuller review is coming out. >> it's possible he doesn't know yet the full extent of the losses and hopefully find out eventually. mary, stay with us. i want to bring in eamon javers.

what do you think was the greatest moment in the hearing? >> you know, mandy, yesterday on the air i talked about the five ways that you can actually win a congressional hearing, even when you're in the hot seat and we saw a textbook example of that today. it's clear that jamie dimon won today, personally big time up on capitol hill. the senators didn't really land a single punch but if there's one contentious moment, it was this exchange with senator menendez. take a listen. >> you railed against us when we were, in fact, trying to pursue greater capitalization of these banks. is that a regret you had of those comments then? >> i don't think what you said is true. when i mentioned the anti-american thing, i was talking about between dodd-frank and basil, things skewed against american banks. >> did you not specifically say as part of your un-american comment that the requirement for banks the hold more money was un-american? >> i did not.

>> well, you know, i'd be happy to look at that again. i think you might want to review that. >> and mandy, you can bet a lot of people check that quote to find out what dimon did say. but look. you could tell what he thought the reaction was in this hearing today as he came out of the hearing heading across the street for his interview with mary and did a little jig in front of cnbc camera guy and a big smile on his face coming out of that room today. i think that tells you pretty much all you need to know about where they stand on the hearing today. >> feels like he was pleased with himself. thank you very much. did jamie dimon have the way with the senators? did he control that hearing room or did the committee treat him with kid gloves? joining us now jeff sonnenfeld, ben white, mark martier, he owns nearly 10,000 shares of jpmorgan and also joined by our own herb

and mary. to all of you, thank you very much for joining us. i'll get to you first of all. to what extent do you feel it's a softball hearing? i guess no real surprise considering jp morgan is one of the biggest political contributors to congress? >> they could have been much tougher on volcker rules. would a stronger volcker rule have mitigated this loss? people say was he on the hot seat? this is a soft, looeather recli. we beat it back very easily and i think you can't say that he didn't do anything but knock it out of the park. a huge win for him and jp morgan. >> you are a shareholder here, mark. do you feel you have more trust in the share holdings you have at the end of this? >> indeed. it was important for jamie dimon to show the senate committee that, in fact, he understands what's going on and may not have been the case in particular with the risk management and the processes in place at jp morgan

chase. >> jeff, you're a management expert here. in terms of both a manager at jp morgan and a manager of this hearing today, what score would you give him out of 10? >> thanks. i'd give him an 8 1/2, maybe a 9. i'm also a schoolteacher. we give them an a-minus. i'd give the senators and a b-minus. mary thompson asked the questions the senate should have asked. his demeanor is great, answered the questions candidly and in a limited, more guarded way than usually. in the past he would use this opportunity to frame the issues bigger picture and many good reasons he didn't. but there were menendez has some very good questions. there's a senator markly. i don't know if the panel remembers this. jeff markly of oregon co-authored the extent of a volcker rule right now that's articulated and hit -- he really was misguided. i respect the senator but he thought that jamie dimon and jp

morgan required a bailout to stay alive and that dimon had the arm twisted to help the street accepting it. >> that was a moment where i think a number of people who are familiar with the story were kind of aghast and jamie actually tried to say, you know, we did not need a bailout and took it to help the rest of the banking system at that point but he wasn't listened to. or the senator wouldn't listen to it. you know what i was struck with in this hearing is how many times mr. dimon was asked, what kind of regulation would you put in place? they were looking for help from him. i would say if you probably looked at the number of questions asked and threw them in a category, he was probably asked his thoughts on regulation more than questions about the trade itself. >> mary, that's what it was. it was pro and condition con. that's what it was all about. everybody wants jamie dimon to take a position. >> how much of this, jeff -- this is herb. how much of this is just that

jamie wears a coat of teflon 10? the way he is. he's such a great politician. >> groveling. >> you think of tony hayward of bp and same proceedings. think of rick wagner of gm in the same proceedings or toyota and others crumble. jamie walks in with a certain presence and ken lewis of bank of america. they crumbled. jamie knows what he's doing in there and very guarded on this particular occasion and even with mary. we saw a clip of your excellent interview with him where he answered you about his great question about his response when he was told the stuff, you know jamie. there's no way in the world he said, oh, this is going to be very bad for us. >> you know, on this point -- >> i'm not sure he could have said on air what he said when he heard the response. we still even though it's cable i'm not sure we could probably -- >> i want to just -- >> i want to point out, mandy, there are a couple of things. a couple of years ago and i can't remember if it was in the

annual letter or what but one of the things to get better at doing is his relationships with washington and this was actually before the financial crisis, i believe. so this is something he has worked on over the last couple of years. >> yeah. and he certainly turned the tables, didn't he, ben? this came -- it turned from being a scrutiny on jp morgan and the losses and why and how it happened to essentially dimon holding forth on how to modify or repeal certain types of regulations. >> yeah. it was extraordinary to me the extent to which republicans on the panel felt comfortable not asking him about the losses and what led to the losses but how could regulations be reduced? what would he like to see -- >> why is that? why did they lob softballs at him? why do you think? >> because they have received enormous amounts of come pain contribut contributors. >> and they want to modify or appeal -- >> it's setting the table attempts to roll back pieces of the dodd-frank act and in terms

of the exchange and whether they got a bailout, they didn't get a direct bailout but the whole industry did and if they went down, jp morgan would have gone down. they were bailed without the system with taxpayer money. >> along that point, i think the end of it he said something along the lines of t.a.r.p. was forced upon us. doesn't that seem ungrateful? shouldn't he said, okay, it was forced upon us but thank you anyway? >> he should have and he didn't and i think he repealed a lot of what came at him and he needed to set the tone he is a market leader and that's good, that's reassuring for investors both families and individuals, small business and so forth. >> it's transparency. was he transparent enough? >> i felt he was but i don't know if he could have prepared for than he had. i read the four-page testimonial online and i don't know he could have gotten deeply than he did

and probably advised not to get so deep. >> when you say easy dodge and the internal review wasn't done and coming out in july with more details and an easy execution. i can't give you details because we're still looking at it. he was not pressed hard on how it happened, exactly the size of the losses and the impact on regulation. >> how's this play on main street? we sit here in the world of wall street and you wonder if people sit home if, indeed, paying attention and i think they are, was there a whitewash here? >> it was really mary that pushed him hardest on the lessons learned. mary pushed him on the lessons learned and didn't seem like he reflected a good deal for that question. it was surprising and individual accountability mary pushed for, as well. who is it to have the claw back and why did he have this misplaced place in drew and things like that? i was surprised an the board follow-ups that mary had. i'm surprised the senate didn't ask that on accountability.

i know a lot of people on the board. excellent directors. probably one or two people should be taken off of this risk management committee and put on the governess committee. >> i was watching the interview that you did with him and he certainly seemed a lot more defensive with you which made me feel you must have been pressing him a whole lot harder than the senators did. >> well, i don't know about that. but certainly, there were some questions, you know, that i wanted to ask that he had not heard from the senators. but you know, i want to go back to the point of what main street might have thought of this hearing and if they had tuned in, they may have asked at the end of it, what was the big deal? >> yeah. >> because there wasn't an anger and consistent, pointed line of questioning of how did you fail as a manager? how could the company miss this in a line of business not a small line of business. this is still significant. >> as dimon said, there was no taxpayer money lost.

no client or customer money that was lost. mark, are we making too big of a deal about this? >> we are not. at all. americans, investors have lost a significant amount of wealth between 2007 and 2010. they should be guarded. they should not let their guards down. and the folks internally at jp morgan chase shouldn't let their guards down. >> jp morgan operates with both expolice it and implicit government support. there's a number of ways the federal government, american taxpayers support jp morgan. make these big bets, people should care and i don't think he got neef enough tough questions. >> before we knew the losses, jamie telling anyone to listen, anything about derivatives saying minimizing it, it's all under control now so this was something people thought you would never see at this point. >> he says the volcker rule is unnecessary. my question is on the back of this, what is the future of the volcker rule do you think?

has it changed as a result of this? >> you would think that this would give hard liners much more, you know, fire power to say we need a tough, clear, bright line distinction of proprietary hedging and trading. he says he doesn't know what it is. >> what does that say? that was a remarkable line! >> remarkable line and doesn't seem in reality. american people saying how could this still be happening? he goes up there and gets the softballs. >> i agree. there's vagaries in the volcker rule. >> i think you should look at it this way. it could have been a softer volcker rule had this not happened to jp morgan because jamie and jp morgan was basically the voice in a very strong one for the banking industry. i still think that we could still get a fairly restrictive volcker rule, it's just the possibilities of it becoming less restrictive have been diminished if not completely

era erased. >> to all of you, it's been a great discussion. coming up next, dude, you're getting a dividend. dell hops on the dividend bandwagon. could the recent news be too much of a good thing? later on, why the smart money is ready to bet big on all those bad loans. don't go away. ♪ ♪ [ female announcer ] you're the boss of your life.

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brian brian shactman here. looking at regn down sharply

today. it has a treatment for age-related macular degeneration. they have a treatment for it. a private company had a study out that could be competitive to their treatment. the stock is down. look at it. year to date, there's been a huge run-up on the stock, up more than double in 2012. profit taking on this news from competition today, mandy. >> could have said treatment for bad eyesight. >> we both need that, right? >> yeah. thanks very much. let's get to bob pisani and rick santelli. bob, lots going on. the quadruple witching expiration on friday and jamie dimon today where the focus was and the gains in the dow short livered as jp morgan stock picked up after the testimony. >> yeah. yes, the answer is volume is heavier than normal. there's a witching expiration, quarterly. and options and the important

thing is we would be lower, mandy, if it wasn't for speculation about what the fed might be doing next week because there's worries of the greek elections. people aren't sure how to trade or what to do about it. for the last month, we basically stabilize. we have stopped going down. we were going in to june. generally on a down trend. now things stabilize. the stuff i look at every day, the australian dollar stopped dropping so much. oil has stopped dropping. copper has started to stabilize a little bit. it was in freefall in the month of may. i think this is, again, a little bit of signs of technical things and a little bit of signs of the fed trying to act. meantime, as you mentioned, big stars, financial stocks. jpmorgan, volume twice normal and you can certainly thank mr. dimon. most people down here feel he put on an excellent performance. you could say too many softballs was the performance was

excellent. >> looks like around a one-month high for jpmorgan stock. rick santelli, we have a good treasury note auction and ahead of the greek election i guess bonds are pretty well bid. >> not the case about ten hours ago. we're now hovering at the 160 level. about 5:00, 6:00 in the morning, around 170. rates have come down. everybody forgets we also had retail sales today and another very disappointing month. we don't want to forget that. headline down .2 and down ex-autos. we look at stocks down here and they're exactly -- the dow is exactly in the middle of its range. that's usually a nondescript day kind of session and with treasuries we have a selloff almost every morning these days and bid and comes back down so, yeah, another auction tomorrow. lowest yield on record today at 162 on the tens. >> thanks very much, rick. well, dell announcing to pay a dividend to shareholders.

the ceo was on "closing bell" yesterday. >> with the consistency of our cash flows and the shift that we have made to this enterprise solutions business we feel confident that this is a great time to return this capital to shareholders. >> well, the struggling company just the latest tech name announcing a dividend. could it be too much of a good thing? is there a dividend bubble building? i believe target upping the quarterly profit. joining us, don. great to have you with us today. is this just companies either starting or upping the dividends running out of growth dividends to attract investors? >> they can be running out of growth options but i believe that the tech companies have piled in to making their stocks more attractive to investors, especially the aging baby boomers and the seniors who have most of the investment capital certainly in the united states and around the world.

these are yield hungry investors and so if you want to get good capital flows in to your stock, you better be offering a yield. >> you don't just buy a stock with a good yield an dell has a good balance sheet, good cash flows. michael talks about that. but it's a long turnaround company. is it something to throw off cash or something luring you in, paid to wait but you're going to wait how long? you know, a return on capital is more than just, you know, you have got the yield and you also have what's going to happen to the stock? >> sure. every time we buy a stock, we are looking for not only the dividend return but also the price appreciation return. and, you know, i don't closely follow dell but dell isn't like many other large tech company that is are more like a utility but it's not fast growth anymore and it is appropriate for them to return that capital that they can't employ in fast growth to shareholders. >> i'm going do get you to look

in to the crystal ball for a second if you can. do you feel there are other tech companies or any other kind of company out there a perfect candidate, it's not giving you great capital appreciation, it's acting like a utility and it's a good candidate for a good yield or up the yield? >> i don't have that on the radar but the nasdaq composite index is 1800 tech related companies, smaller companies that up until about 10 years ago really weren't paying dividends. over the last ten-year period, they increased dividends by 490% and that's because companies are piling on to paying out dividends where they never paid dividends before. >> when is it a bubble? we were talking about this before this segment. where do you reach a point where it's a trap? and i'm one of those guys that wants a yield and also looking at prices and worried about trapped in to these chanthings. >> i think we have a situation

that's the best situation to have if you want to convert in to a dividend-paying stock or you want to be a dividend payer which is high cash balance on the balance sheets of corporations that you'd have to wonder whether or not they can employ that appropriately so that's a great opportunity to give it back to investors. right now, the dividend payout ratio on the major indexes is significantly below the longer term average. >> right. >> as an example, you know, the s&p 500 since 1997 had a dividend payout ratio at 37%. right now we are sitting at 26% payout ratio so i don't believe we're anywhere near a bubble. i think that the significant growth in dividend payouts is going to continue. >> okay. the hunt for you continues. thank you very much for weighing in, don. the trade-down trade. we have a no-frills dose of sunshine coming your way and ford goes back to the future to

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strongest of the s&p but the credit card names not following suit. american express, the weakest in the dow 30 right now. down. sort of chasing and finding out why they reported the net charge-offs better in may than april and presenting the jp morgan stanley conference and perhaps, mandy, point of sale technologies and what's going on, maybe mobile here. some of the credit card names if they don't adapt to mobile in the right way could be left behind a little bit and some hints here they don't have it quite right as of yet and we'll see what happens with the paypals of the world moving forward. >> we'll talk more about american express later on in the show. we have herb here. may i say how nice to have you on the show with me all hour? like the good old days. >> the good old days when they were there. okay. >> cry a little after. what's today's disaster? >> constant con tack. this is whacked today down around 18%.

the online marketing firm came out with an acquisition and guided down. what i love about this story is that the managers of the active bear etf, one of the managers was on "fast money" two days ago. this is a top pick. i must tell you, i talked to the managers today saying it's going lower and john just said that the subscriber numbers are horrible. backlog anemic. stock going down. even more. this disaster will probably hit our screens again. >> down 30% over the last year. okay. this is a little no-frills sunshine for you today, herb. perrigo trading at an all-time high at 1991. this is the maker of many store brand or generic over the counter medications and vitamins and up over 33% in the last year. >> i'm happy i didn't do the red flag on it. i was going to do. i just couldn't get there.

and thankfully. this is one of the good things in life. >> whew. still ahead, herb breaks the radio silence on radioshack. plus, could dot-com be dead? details on the new battle for the internet. and the end of a 115-year marriage. yes, you heard me right. 115 years. we're back in two. with the spark cash card from capital one,

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okay. it is "street talk" time. i have my boys, herb, kramer. >> i just strolled out because i like what you're saying. >> we come on in. we gave you the invitation and you accepted. first up, it is really rough week for zynga. >> it coming back a little bit because of an analyst upgrade. i have to tell you something. you would agree with me. they have to consistently make money. you and i play the games. constantly losing to the younger children. >> love the games. >> past their peak? >> you don't know yet. this is one of the things. you just don't know. there's continued speculation in the name. the minute they come out, if they can post another profit, you end up seeing they start coming in. >> right. >> growth doesn't slow. going the other direction. >> i know electronic arts is

struggling with how come zynga is playing. >> you play them on facebook? >> i play -- i play scramble directly, not facebook. >> i play words with friends and mobile all the time. >> playing right now at the office. that was yesterday. >> thank you. >> when you should be working hard, you're actually playing farmville. moving on. this one is for you, a special mattress edition of "street signs." >> my fave. >> an interesting -- the chairman of the company came out. the news came out he bought $2.8 million of the stock. a big purchase. insider score says a positive purchase. here's something to look at, pay attention to here. he was a big seller of this stock. >> i was going to say, a cover? short and cover? >> he sold -- he sold it around the price, you know, a few years ago buying now. you have to remember -- >> interesting. >> by the way, other executives in the company may not be so quick to buy even though the

company said you will see insider buying looking like a street call. >> you know, it's interesting that this is a stock cut in half. >> yep. >> after it was cut in half. >> 54% to down year to date. >> i understand they're not good places to hide money. >> you bickty -- >> very good. ubiquiti network. >> apparently buying a nba team. i'm talking about this. company hasn't said a thing about it. no announcement, no companies of the company. i called the company, the other day. tried to get to the cfo and the ceo. e-mailed people that know the ceo. did what i could do. no callbacks. >> 34 years old, this ceo. >> guys at facebook are young guys. >> yes. >> just want to say very big deal with yahoo! today. >> it is great, exciting.

>> single best piece that cnbc.com has done in the last year is your piece about ubigquiti. i said holy cow. this is an owner who may have nothing left. >> what's your call on the stock? >> i'm skeptical because herb's skeptical. when herb is skeptical, i should be skeptical. i just would rather not be skeptical -- rather be skeptical of this stock and not j&j and not that kind of thing. >> he has to run the company and not a basketball team. >> radioshack -- >> the shack-ster? >> all-time low? >> lower. >> matthews suggested that radioshack, he said that bob should have stopped by to get a battery for his -- >> no, no. >> a great piece by him. we just love -- >> jeff's a great guy. i have to tell you something. i was talking to agoo that sells product to both radioshack and

best buy and said which is the worst? he said, believe it or not, i think best buy is -- worse to do business with. >> because? >> inventory issues. >> is that true? >> i was stunned to hear him say that. >> what a great call. >> what do you think about best buy? >> i don't like it at all. guys who shopping center and shopping mall and it is true. i mean, amazon's crushed them. radioshack, i go in there and i was at radioshack in boston recently. i said, do you have this? she said, why do you shop here? do you think we have someone? why do they shop here? i wanted something to put a three-way prong but i'll go somewhere else. i wandered in here by mistake. >> best buy versus radioshack. >> i don't like either. bristol myers. >> certainly not -- navistar's.

>> this is a tough one. >> this is an interesting one. the sharks are circling. management credibility here and i want to tell you something. look at the jp morgan report today, an upgrade. >> yeah. >> when you read it, read between the lines. talking about deals and valuation and talking about management. she just mentions management. the issue about whether you're going to have board upheavals here -- >> icon. >> that's the stock. chesapeake revisited? there was a slide in the company's presentation to investors on their earnings last week. page 25, listen to this. take a look at the chart there. you have new management on one side and when i say made some management changes. the ceo and cfo, they have support services filtering up to them. some people look at that saying that's saying something. >> yeah. speaking of filters, real issue here i have, technological filter. diesel engine. the waiver of the epa.

cummings with superior technology. you know in my world cummings is key. these guys don't have the -- they got to have the right engine. >> going to the papers where think there are used truck sales with 150,000 miles, considered low, you will see on truck paper, you will see a ton of the max force trucks sitting there fairly new trucks. >> that's a -- good, man. you are really good. don't like i'm arguing with you. >> there are people who think one day the write-off of hell coming the company because all of those -- >> hades. >> you have a lot of products, working. see what happens. >> you are dead right. i was afraid to -- i was going to put it in the sell block and action alerts and why not sell block? i said, maybe icahn is crazy enough to make a bid for the thing. >> liabilities. >> you have on "mad money" today, your score for jamie dimon 1 and senators 0? >> i'll talk about that tonight

on my no huddle. he didn't win. he's a loser. >> how? >> you lose when you go in and out of senator. anyone that declares him a winner. you don't want to be him. >> he's pleased with himself. a jig in front of the cameras. >> that's wrong. not everybody that's pleased with themselves is right. >> you think -- >> walked in a loser. testified. >> what do you think about the stock? >> walked out a loser. he agrees with me. he knows he's a loser with no control and doesn't even know what happened in his own bank. >> really? >> yes. >> turn the tables on them. >> like what do you do? he's not -- didn't perjure himself? >> no. >> a loser. crisis pr is psychiatry. i don't know how he handles it himself. you go in there as a guy that's stupid, you don't come out being smarter. you don't. you come out just as stupid. >> how does it play snout. >> stock's cheap. different issue. >> the stock gained after the testimony. >> well, but he's a loser.

he's a loser. i mean, he would say, listen. i came in there and i was a loser and walked out -- i don't think he's like, wow, i beat those guys. this is not -- it's not senator kerry saying i have to leave the room. there is no winner. this is not nevada gaming licenses. >> he said the stock is cheap. >> that's different. that's a different world. >> okay. >> a different world. >> i don't know if you can have both, jim. a loser and say the stock is cheap. >> well, the shareholders lost a fortune. maybe they're starting to come back. he said claw backs which i like. he's a loser. it's okay, man. he's a loser. maybe next year he'll be a winner but he is a loser. >> okay. them fighting words. tonight, who do you got? >> harmon. people think they're the loser. and i got joy global. a plant -- it's a panaple of

losers. sorry. i won't get invited to the party. i don't go to those parties. >> you don't want to go to those parties. >> i barbecue at home. i like ocean grove. that's not where the fancy people hang out. good with me. >> stick around for a second. we want to know what you think. should u.s. banks be more or less regulated? as part of the partnership with yahoo! we are running a poll at finance.yahoo!.com. we have over 30,000 votes. 58% said more regulation. 16% said same amount. 23% said less. 4% unsure. >> how are you unsure? let's put in unsure. 4% of the people, i couldened find the butt don? >> why bother even voting? what would you say? what would your vote be? >> we need so much regulation it's scary. prosecutors, u.s. attorneys. we need everything. >> i'm unsure. >> i would say maybe less but better. >> you are the 4%. >> up next --

>> someone's gotta. >> thank you for coming in, jim. looking forward to "mad money" tonight. ford's sign of hopium. the new plant and what it means for american jobs. ate caterers, miami, florida. in here, great food demands a great presentation. so at&t showed corporate caterers how to better collaborate by using a mobile solution, in a whole new way. using real-time photo sharing abilities, they can create and maintain high standards, from kitchen to table. this technology allows us to collaborate with our drivers to make a better experience for our customers. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪

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coming up on the closing bell, let's find out what's happening. bill okay. we'll get down to bill shortly. meantime, let's look at what's happening with the markets. we are currently sitting little bit to the downside. the dow off by about 58 points and also in the red for the s&p and nasdaq. been in and out of positive territory. at the moment we are on the losing side. ford revving up the hopium and turned a 60-year-old plant in to something new. we'll get more on this. phil lebeau joining us for what's happening in terms of signs of life and hopefully the american job market, as well. what are we seeing here? >> mandy, this is the beginning of 4,200 people in louisville, kentucky, or in the area of new jobs at a new ford plant, a plant that's been there for a number of years. they got shut it down and got government money to reopen it and opening today. they'll have six different

models built in the plant. the key is flexibility. the edge built there initially and up to six types of vehicles and tons of flexibility. the plant employing up to 4,200. on three shifts and we are seeing it with more and more of the plants, especially ones that have been retro fitted or new. there are 83 plants in north america, 22 of them now have either added a third shift or in the process of adding a third shift, that's 40% of the north american auto production. look at ford shares, like the auto stocks in the last year, it's beaten down. that's a sector under pressure despite these improvements in these plants and the increased production. real quick, we mentioned that they had money by the government to help them with the plant and won't say how much and ford along with nissan, fisker and tesla, they got department of energy loans, the atvm loans and loans that people looked at at the time saying what's this money going for? part is to retro fit or adapt

the plants to be much more efficient and make fuel efficient vehicles in the future. >> this is a positive development. thank you very much, phil lebeau. coming up, looking for real opportunity in commercial real estate? we'll tell you how you can cash in. does any mother ever feel like their kids are adults? i have twins, 21 years old. each kid has their own path. they grow up, and they're out having their life. i really started to talk to them about the things that are important that they have to take ownership over.

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when when it comes to commercial real estate, is now the time to invest? we are joined here onset to discuss ho you, the regular investor can come in. we have seen miserable months in real estate. >> it's a pleasure to be with both of you in person. we're just in the beginning of the recovery. the 2 million private sector jobs we have seen created in the last two months are very important for creating more of a demand for commercial real estate. it's a unique time, because you have the economy creating enough

jobs to improve commercial real estate, but the fear factor is just high enough to keep interest rates low. so that's causing an improving asset class. >> but not all markets are created equally, so what do you do? how do you get in on it? >> no question there are different markets. they came and basically picked the low hanging fruit in the pest metropolitan areas. now we're seeing more risk tolerance and private investors and audience members that are high net worth individuals looking for a more middle of the road class -- >> are we talking direct ownership or rates? >> the good news is you can invest in a publicly traited reet or privately traded reet.

they're a great investment, but they're very richly priced. direct investment right now is in our view, the best strategy because you can lock into rates -- >> you say direct investments, are you saying i buy a building or the land under a gas station? what are you talking about? not everybody can make that investment. >> right, the most common vehicle we see is partnerships, privately managed small funds, apartment buildings, strip centers, small office buildings and so on. >> so a quick point, which market has the most attractive yield right now. >> two were for the safety investor, markets like boston, new york, san francisco, seattle, the bay area, san jose,

l.a., very low risk. recovery markets, texas, phoenix, las vegas, and florida. those are great examples of those markets. >> thank you for being here. in today's sign of the time, the biggest expansion of internet domain names. apple, sony, and express are looking into their names. >> i think.com is it, it's here, it's going to be confusing otherwise. what will you do go to dominos dot pz or dot pizza in dot come

is what we use. >> in places like china, they will be able to have chinese equivalence language of dot come and all of these other languages. >> you will have multiple. you can have dotc com and another. i know you have herbgreenberg.com. would you have a dot herb? >> a shocker, a couple splits after 115 years of wedded police. [ male announcer ] when this hotel added aflac

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we give you commission-free etfs, no-fee iras and more. come see why more investors are saying... i'm with scottrade. talk about talk about a shell shocker. a pair of giant turtles all can quits after living together for over a century. recently, the female attacked the male and bit off a chunk of his shell. the zoo workers say the pair just literally cannot stand each other any more. live it up, buddy. >> i suspect she was senile, it wasn't really a