squeeze and it looks like it was an opportunity to get out and people committed short. >> jim, thanks for spending the week with us. >> thank you for having me. >> brian, see you back at the ranch. >> yeah. the "street signs" that other brian s. is coming up right now. have a great weekend. wall street investors are liking the end of the week better than they liked the beginning, folks. welcome to "street signs" and notice a bit of a different open today. the president scheduled to have a press conference on immigration reform. recently signing an executive order today. that press conference was expected to begin at 1:15 p.m. eastern. you can see it's 2:00 p.m. eastern time. when that press conference finally happens, we'll bring it to you certainly live. >> we got cnbc's john harwood on stand by to bring us details. let's look at the markets today. it looks as if the rally that really got a big spur on in the

late session yesterday is continuing today and this is not just a bernanke put, guys. the fmoc is meeting next week and increasing speculation because of the soft data recently on the economic side that there could be something forthcoming from the fmoc. what seems to be happening here, brian, seems to be a global central bank put. after all the announcements that came around the 3:00 to 4:00 eastern time session yesterday. >> yeah. it's bernanke bank of japan, put on these actions. coordinated action. that's the story that hit about 3:00 p.m. yesterday and you watchmandy on "closing bell." >> yeah. >> in other news, take you live to athens, greece. dramatic scenes happening right now in central athens. michelle caruso-cabrera there for us for a couple of days. this is yet another one of the rallies, one of the speeches by the variety of political parties happening in the last couple of days leading up to, mandy, the

huge vote which technically begins tomorrow, wraps up late afternoon, early evening our time on sunday. >> yeah. we'll get more color in a second with michelle on the ground. in the lead-up of the election, hearing of the creeping in the population and i don't want to call them bank jogs. a billion dollars a day out of major banks in greece. people stocking up on food, for example, just in case there's not just extreme market turmoil but social turmoil on the result of the elections. >> but the greatest -- i have two fears in life. one is eaten alive by red ants. >> my fear, too. what a coincidence. >> the second fear i have is a cocktail party tonight and someone asking me what i expect and me not being able to answer. >> yes. >> so what i did is on cnbc.com, a piece, a cheat sheet, lays out the variety of major players.

new democracy party, et cetera and the three -- really the three options. and three outcomes that will happen as of sunday night. who wins, what happens to the markets and a bit later on in the program we have bill gross and others. we'll walk through each of the outcomes and what it means for your money if we get one of those -- i know it's a great fear. eaten alive by red ants and the other fear not coming true if you listen to us. >> meantime, get a check on the pulse of the markets here in the united states. i want do get down to the floor of the nyse where mary thompson is standing by. mary, lots of things going on, quadruple witching, for example. a lot of comments coming out yesterday. uk says it's ready to do more stimulus, the ecb saying it's possibly hinting at a rate cut. with the gains seeing today and late yesterday, is that put already priced in to the market? >> i'm sorry, mandy.

the put on what? >> i was saying the possible coordinated global central bank action -- >> yeah. >> is the possibility of that priced in to the market as we stand? >> yeah, certainly. i mean, that's what they seem to be looking at today when you have the dow close to the session lows. you know, all of this despite continued weak data of the united states. not only expecting, you know, support of the central banks around the world in the event something happens in europe and increasingly the talk on the floor here is that there will be an extension of operation twist or some kind of added stimulus of the u.s. federal reserve here, as well. all of this providing support to the markets and surprising, mandy, with all of this going around today, it is a fairly steady day for the markets. in the past seven trading days, the dow moving in a triple digit range. today, the exception, moving about an 82-point range. big volume on the quad witch. the volume on the floor here about 663 million shares. on average, the floor volume has

been about 500 million shares so you can see a pick-up in large part because of the quad witch and the rebalancing, as well. traders said, you know, coming in to today's session they weren't expecting that much volatility in large part because that's placed, again, thanks to reports yesterday anticipating they would be -- there would be support put in there for the european markets and increasingly because of the economic today support of the u.s. economy. >> okay. all right. mary, thank you very much. michelle caruso-cabrera in athens, take it away. >> reporter: hey there, brian. on the stage behind me could be the next prime minister of greece. he's addressing the crowd here in the square. we know it for the many, many protests that we have watched over two years, but now it's filled with the crowd of his supporters. he's 62 years old, educated in the united states. he's got a degree in economics. and he was educated at the harvard business school. he voted for the bailout. reluctantly. a year ago, ironically enough,

they hated him. the european leaders. he wanted to fight the terms of the bailout. a year later, the european union, the financial times in germany, writes a editorial supporting him because they're terrified of the other candidate, alexis tsipas. he is making a final plea to voters in this country to vote for new democracy, to vote for the party that he says will keep greece in the euro. he's got a long, tough haul ahead of him, fighting in his party a potential coupe. they think he's too old to lead the party and need a much younger leader to compete against alexis tsipas. back to you. >> thank you. i know it's difficult to hear but. i'm going through the variety of

outcomes. from what you're seeing, is there's no polling two weeks ahead of the election per greek law, is there a consensus belief that one government, new democracy maybe will achieve 161 seats in parliament and form a ruling coalition government? >> reporter: yes. absolutely. there is a belief that this election will not be inconclusive like the last election. that whoever wins can bring enough other parties with them to at least get 151 seats. you are right, that's the key number. but hey, that is a razor thin margin and when the votes get tough, you can see it all fall apart. that's how parliamentary democracy works. we could be doing this all over again in four months, five months, maybe sooner. argentina went through multiple presidents within several months after their collapse. >> what is the feeling on the ground in terms of what kind of

contingency plans greece has got for any kind of violence or rallies or protests? are they making any particular plans on that front, michelle? >> reporter: yes, yes. there are police on high alert we are told for sunday and for monday if the anti-bailout party does not win, there are fears of riots in the street. we think the market would rally but people on the street would be angry. or at least there are concerns that perhaps the unions who have been so instrumental in bringing so many people to the protests that we have seen in the past would rally and bring people once again to the square. so yes, the police are on high alert. we know that people on the ground have been making contingency plans. taking money out of banks, perhaps buying extra food for fear of what could happen. there's so much unknown. >> thank you very much for joining us. we'll watch your great coverage. meantime, waiting for the president to speak live at the white house. he's going to be speaking on m inauguration policy changes any minute now. let's get to john harwood. what are we expecting the president to say?

>> reporter: what he's going to do, mandy, get a jump on republicans who have proposed and suggested a more limited version of legalization for some illegal immigrants in this country, young people who served in military service. marco rubio, the conservative potential vice president candidate for mitt romney in florida proposed something on the order of what the president's going to do but it hasn't moved in congress. the president's doing it by executive action with the department of homeland security decide not to deport people meeting those characteristics. they had to have been in the united states before they were 16. have been here at least five years. be under 30 and stayed in school. we'll listen to the president right now. >> absolutely. in fact, the president himself is walking to the podium. >> good afternoon, everybody. this morning secretary napolitano announced new actions my administration will take to mend our nation's immigration policy, to make it more fair, more efficient and more just.

specifically, for certain young people sometimes called dreamers. now, these are young people who study in our schools, they play in our neighborhoods, they're friends with our kids, they pledge allegiance to our flag. they're americans in their heart, in their minds, in every single way but one. on paper. they were brought to this country by their parents. sometimes even as infants. and often have no idea that they're undocumented until they apply for a job or a driver's license or a college scholarship. put yourself in their shoes. imagine you have done everything right your entire life. studied hard. worked hard. maybe even graduated at the top of your class. only to suddenly face the threat

of deportation to a country that you know nothing about. with a language that you may not even speak. that's what gave rise to the dream act. it says that if your parents brought you here as a child, you have been here for five years and you're willing to go to college or serve in our military, you can one day earn your citizenship. and i've said time and time and time again to congress that send me the dream act, put it on my desk and i'll sign it right away. now, both parties wrote this legislation. and a year and a half ago democrats passed the dream act in the house but republicans walked away from it. it got 55 votes in the senate. but republicans blocked it. the bill hasn't really changed. the need hasn't changed.

it's still the right thing to do. the only thing that's changed apparently was the politics. now as i said in my speech on the economy yesterday, it makes no sense to expel talented young people who for intents and purposes are americans. they've been raised as americans. understand themselves to be part of this country. to expel these young people who want to staff our labs or start new businesses or defend our country simply because of the actions of their parents. or because of the inaction of politicians. in the absence of any immigration action from congress to fix our broken immigration system, we have tried to focus immigration enforcement resources in the right places. so we prioritized border security, putting more boots on the southern border than at any time in our history.

today there are fewer illegal crossings than any time in the past 40 years. we focused and used discretion about whom to prosecute, focusing on criminals who endanger our communities rather than student who is are earning their education. and today, deportation of criminals is up 80%. we have improved on that discretion carefully and thoughtfully. well, today, we're improving it again. effective immediately, the department of homeland security is taking steps to lift the shadow of deportation from these young people. over the next few months, eligible individual who is do not present a risk will be able to request temporary relief from deportation proceedings and apply for work authorization. now, let's be clear. this is not amnesty. this is not immunity.

this is not a path to citizenship. it's not a permanent fix. this is a temporary stop gap measure that lets us focus our resources wisely while giving a degree of relief and hope to talented, driven, patriotic young people. it is the -- it is the right thing to do. excuse me, sir. it's not time for questions, sir. not while i'm speaking. precisely because this is temporary, congress needs to act. there's still time for congress to pass the dream act this year. because these kids deserve to plan their lives in more than two-year increments. and we still need to pass comprehensive immigration reform that addresses our 21st century economic and security needs, reform that gives our farmers and ranchers certainty about the

workers that they'll have. reform that gives the science and technology sectors certainty that the young people who come here to earn their phds won't be forced to leave and start new businesses in other countries. reform that continues to improve our border security and lives up to the heritage as a nation of laws and immigrants. just six years ago, the unlikely trio of john mccain, ted kennedy and president bush came together to champion this kind of reform. and i was proud to join 23 republicans in voting for it. so there's no reason that we can't come together and get this done. and as long as i'm president, i will not give up on this issue, not only because it's the right thing to do for our economy, and ceos agree with me, not just because it's the right thing to do for our security, but because it's the right thing to do

period. and i believe that eventually enough republicans in congress will come around to that view, as well. and i believe that it's the right thing to do because i've been with groups of young people who work so hard and speak with so much heart about what's best in america. even though i knew some of them must have lived under the fear of deportation. i know some have come forward at great risk to themselves. and their futures in hopes it would spur the rest of us to live up to our most cherished values. i have seen the stories of americans in schools, churchs and communities across the country who have stood up for them. and rallied behind them. and pushed us to give them a better path and freedom from fear. because we are a better nation than one that expels innocent young kids. and the answer to your question, sir, and the next time i'd

prefer you let me finish my statements before you ask that question, is this is the right thing to do for the american people. i didn't ask for an argument. i'm answering your question. >> if i can -- >> it is the right thing to do for the american people and here's why. here's the reason. because these young people are going to make extraordinary contributions and are already making contributions to our society. i've got a young person who's serving in our military, protecting us and our freedom, the notion that in some ways we would treat them as expendable makes no sense. if there's young person here who's grown up here and wants to contribute to this society, wants to maybe start a business, that will create jobs for other folk who is are looking for work, that's the right thing to

do. giving certainty to the farmers and ranchers. making sure that in addition to border security, we're creating a comprehensive framework for legal immigration. these are all the right things to do. we have always drawn strength from being a nation of immigrants. as well as a nation of laws. and that's going to continue and my hope is that congress recognizes that and gets behind this effort. all right? thank you very much, everybody. >> okay. so that was the president there, detailing details of a change to immigration policy. he's saying that eligible individuals will be able to apply for work authorization. he says that there really is no point of expelling talented, young individuals. they can apply for the work horization. he says not in lieu of citizenship. interestingly, getting quite feisty there. a topic he feels strongly about. this new policy is effective

immediately, apparently. not amnesty or immunity. let's find out more of this. john harwood, you were listening in. what do you think sparked what people are calling unpresidential outbursts from the president? >> reporter: well, the president was trying to deflect the person who was attempting to interrupt the statement, but the genesis of the action is pretty clear. the worse thing, mandy, for a president facing difficult circumstances economically and politically is to appear powerless and the president's been at a stalemate with republicans in congress over a range of issues so he's been trying to take the approach of using his executive authority where he can, being very forward-leaning and aggressive about that, pressing the edge of the envelopes and the republicans say he's done today and so here to the benefit of a con stin general sy, 9% of the vote in 2008, they'll be a larger percentage in 2012. this is a group that he dominated in 2008. but they've been underwhelmed by

the economic policies and now trying to leap ahead of republicans and court them this time. >> bottom line, john, you think it's a good political move. i'm sorry. i have to get back to this heckler. whatever you want to call the person. eamon said it's somebody with a temporary press pass. not familiar to the press corps. do we know about the person yelling out at the president? >> reporter: don't know about it. with an event like this, a press statement, the white house does the best to limit its -- the access to credentialed members of the press. this is somebody as eamon tweetded with temporary credentials. we don't know how he came by the credentials. we have seen in various events from when the chinese leader came here a couple of years ago that you have some people with events and nothing the white house can do about it. >> thank you very much for wrapping that up. >> all right. well, we have talked

politics here. now let's talk politics there. coming up after the br i know it's complicated but you saw the passion with michelle around it. we're going to make sense of the greek vote. tell you the major players, the possible outcomes and more important, what they mean for your money. >> we have a star lineup. bill gross is here and later on in the show dow stocks with the most exposure to europe. should you avoid them? should you buy them? can they weather the storm? lots of excitement coming your way. stay with us on "street signs." ♪

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it is "g" day minus peoptwo. the people will vote and ahead of it, here's the special. "street signs" cheat sheet on the greek vote. you're all interested. and you should be. it's a big deal. here you go. first, the players. the pro-bailout parties. new democracy, right? right? they're the party in charge. and the former party in charge. and then parties in the middle to probably be swayed with tweaks to the bailout with the democratic left and the independent greeks. in greek because these are the logos, folks. if you see them, you 'll know. here's what to watch out for. the anti-bailout, anti-austerity parties. you have heard about syriza, the far left. the communists and golden dawn.

that is the far right. don't need to tell you what they stand for. awful. anyway. here's what it means for your money and the possible scenarios come sunday night. and this is what you want to pay attention to. right? best for the markets. a new democracy win with a pasok support of 150 or more seats. that gives them a ruling coalition. they can negotiate a bailout and austerity. 151 votes. maybe better for the market, maybe not changed at all would be a new democracy and pasok win but not 150 votes. then that means 150 veets, then they have to make deals with the middle of the road parties, maybe tweak the bailout a little bit. they may not like that at the ecb. the worst outcome for the near term and your money according to bank of america and others is a win by the far left syriza oronoco ligs is formed baub

nobody getting 151 seats. if that happens, it could lead to a hard default as they play hardball with the germans. so mandy, hopefully that made sense. big vote. new democracy, pasok, majority 151-plus seats, ruling coalition. that would make the germans and the world markets happy. >> very impressive. what would be more impressive is in greek. meantime, we have the scenarios there. what it means for you and your money. so with us, we have bill gross, andy bush and michael ryan and they have their special asset classes. i'll starts with currencies and you, andy bush. what's the most likely outcome and the trade for currencies? >> right. so the most likely outcome for nd and pasok to win and be able to form a very narrow majority. i look at this as an opportunity to buy risk because overall even if syriza wins, they'll step in

to eliminate risk which is -- >> would that be like a shot of liquidity and a temporary fix? >> could be. but who cares? the markets pricing in as a positive and that's what i see. >> bill gross, hey bill, do you agree with andy? do we want and you and the world markets want a new democracy pasok ruling coalition to pass things out here? >> it's a kick the can type of approach. i don't think they can form a government in any case and seen in the last 24 hours are central banks, global central banks announcing significant liquidity backstops to ensure against negative market reactions from this election or even ongoing events in spain and represent both worldwide deleveraging and countered by central banks. one last point, you know, mandy talked about a global central

bank put. i think that's the case. i think to be a little more dramatic, seeing a global declaration of war on deflation and, yes, the fed has been notably silent but they're in their quiet period and come tuesday, wednesday, see we'll see fireworks. >> bill, an syriza win, trying to form a government, you think they won't be able to do it, say it's majority of the votes, there's a thought out there it's fantastic for people that are long treasuries and could push ten-year yields to maybe 1.25% as the world goes in to full panic mode. do you agree? >> i don't think so. i think if syriza wins, they ask for concessions. the leader indicated as much. eu policymakers in return have suggested that perhaps they'll listen to those demands. so i think we are in for a period of one, two, three weeks of which there's significant

uncertainty and central banks, yes, you know, provide liquidity and if necessary emergency liquidity provisions. does that produce a 1.25% u.s. treasury? i don't think so. i think treasuries, guilts, approaching a period of time in which yooelds don't move lower but simply stay where they are, ghi in to hibernation. >> i think what's interesting here is resounding silence in terms of what the u.s. would do in the scenario and just heard from a top treasury official to work closely with european counterparts to try to stabilize the markets and provide confidence. michael, i want to get to you with the possible three scenarios. detail what would happen to equities for our money and equities with the three scenarios. >> well, i agree with andy. the first scenario and the new portfolio and form a majority and probably get another wave of the risk-on rally. we had a little bit this week in

the expectation that we'll see easier policy with a better political outcome and extend. getting syriza as the winner then what you get is what bill talked about, a period of uncertainty, increased market volatility and make for 'ventful monday. the last part of this is what if we get no conclusive outcome and see another vote down the road? we are back in this market where we're churn ogen the news, we are following every headline. but i think the bottom line is even coming the best outcome, we have to recognize that doesn't solve the structural problems in europe. it won't fix the spanish banks and address the problems that greece has down the road dealing with the issues. it may give us a temporary relief rally but i'm not sure the best outcome leads to a significant sustained rally in the euro zone. >> for the other side of that, michael, if we don't get, for example, a relief rally, for whatever reason, whatever reason instead we get market turmoil, the central bank, whatever they do, does not have the desired

effe effect. would that be a buy signal to you? would you buy in to europe if there's a big plunge? >> i think our views on europe right now is two reasons to buy in. either we see a will or we see a way. i see a way for europe to solve its problems but i don't see the will yet. until we see the will and way we won't commit. we have been underweight the euro zone. there could be a pop. this market is so undervalued that if you get good news seeing a pop and in the sure it's sustainable. >> it's interesting, bill. talking about the third outcome. they have got to vote again. as i wrote last night on cnbc.com, when will they vote again? they'll run out of cash in a matter of weeks. by then it's a hard default. do you expect greece to hard default on its sovereign obligations? >> well, we expect greece eventually, brian, to leave the euro zone and that is tantamount

to the same thing suggesting that greece will leave the zone and initiate their own currency and that's a default effectively, whether on the establish existing obligations, hard to know the it's 12 cents on the dollar and the market expects them to default. >> from the currency point of view, andy, you know, i'm just wondering at the end of the day, considering that whatever happens there's still structural problems, growth issues, how does europe back on the growth path? is the safest place to be the u.s. dollar? >> people hope so, including those that own treasuries like mr. gross. i would say this. i agree with bill's viewpoint on dwreelds but this is a playbook how to look at the future with europe. two things to change to help dramatical dramatically. one is agreement that the ecb be the supervisor of european banks, that will go a long ways for credibility there, too.

follow up on the germans' plan for the european rescue fund. if we could have them agreed upon on the meeting by the end of the month i think europe will be a much better place whether or not greece stays in it or not. >> bill, let's say the reports are correct and we get the flood of central bank liquidity. if i ooem drunk two more beers is not what i need. what's the end game for this? >> well, the end game as you correctly observed, brian, it's one in which, you know, these policy measures having an increasingly short half life. i mean, you know, at this point, it's down to hours perhaps as opposed to days in terms of the policy effectiveness in terms of their stimulating markets. what we have to recognize i think is that it's very difficult to solve a debt crisis with more debt and to the extent that you lower interest rates close to zero, it begins to have not positive effects but perhaps negative effects, it affects

business models like money markets funds and banks and pension funds in terms of liabilities and so from this point forward the negative aspects of qes or any other policies that provide additional liquidity i think will be very weak and have a half life, much less than what we have experienced in the past several years. >> okay. to all of you, thank you so much for joining us. and catch andy tonight on the panel for a special edition of "money in motion" speaking about that great vote with marc faber. right here on cnbc. coming up next on the show, we'll have new detail tons jout burst, the heckle i guess we call it at the president's news conference a moment ago and also a little european sunscreen for your portfolio. should you avoid the big american votes with big european exposure? >> yeah. we tweeted out a question. mcdonald's has the most percentage of sales from europe in the dow. who is number two? we're going to give you the

answer coming up. rim's golden parachutes. like rim needs more bad press? guess what. it's coming. before we head to break, here's today's "return on retirement." economic uncertainty appears to be taking the toll on the current workforce. at home and abroad. according to a recent survey, americans and europeans think they'll be worse off in retirement than their parents. what percent? find out when we return. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter.

earlier we asked what percent of those surveyed in the u.s. and europe think they'll be worse off in retirement than their parents. the answer, according to more than 8,000 workers surveyed by dutch insurance company aegon, 71%. of the 900 retirees in the survey, only little more than half went from work to full retirement. for more on retirement, go to retirement.cnbc.com. all right.

welcome back. let's go back to eamon javers and more on the person that supposedly yelled out to the president a question. do we know more about who it was? >> yeah. we are looking at the picture right here. this is neil monroe, a reporter for xwt the daily caller" and exiting the white house premises, wearing a temporary press pass and credentialed to attend the press conference at the white house for the day. and our own john harwood had a chance to talk to monroe leaving the white house complex. he asked him what did you ask the president? and monroe said that he asked him what any reporter would ask the president. but i have to tell you, guys. it was a very rare and unusual breech of white house protocol to interrupt a president of the united states while giving an address. typically reporters shout questions at a president after he's done with his remarks. >> right. >> begging him to come back and say more on maybe a different topic. i have never seen a rose garden ceremony like this one

interrupted by anybody, let alone a reporter before. this reporter with "the daily caller" a conservative publications and looking at a linked in page -- >> an irishman. >> a piece of tape here. which shows this. take a look. >> it is the right thing to do. [ inaudible ] >> excuse me, sir. it's not time for questions, sir. and the next time i prefer you let me finish my statements before you ask that question. this is the right thing to do for the american people. i didn't ask for an argument. i'm answering your question. >> what was the question, eamon? >> a flash of anger there. the question, according to john harwood, not audible on the tape but he spoke to neil monroe and he said that monroe said he only asked him what any reporter would ask. >> which was what? >> apparently at the end of the remarks, what monroe was saying

which was audible on the tape was, how are you doing this when there are americans out of work and don't have jobs? ironically, according to a facebook page with his name on it, he is from dublin, ireland. educated at king's college at london and dublin and it may be that monroe himself is not an american. >> do you think -- >> not recent lay american. >> do you think he was angry of a 45-minute sfwhat. >> well, there was a delay there in getting it off the ground. >> can i just ask you about that? the president tends to be late a lot. very late. >> sure. >> do we know why? >> well, you never know why with the president of the united states. he has a lot of things going. could be a military thing going on. meeting with somebody that's not on the official schedule going on. in this case, the president at an event off campus and was late getting back from that event to the white house. but i got to tell you guys, reporters don't interrupt rose

garden statements by the president like that. that was a rare breech of protocol. >> another irishman causing -- anyway? >> you need to be on time. being on time is important in presidents in the past on time. i'm not making -- i'm throwing it out there. we have to talk "street talk." the argentinian oil company giving a major headache and economies of latin america, a lot of fear out there of naturalization. when's going on with this one today? >> the story is giving me a massive headache all day today. i'll tell you why. the headlines that carlos slim, the richest man in the world, buying a stake in this company. writers on reuters, "wall street journal," ft, forbes, you name it. the story is you dig in more and we said this on the air, basically he bought it through the back end of a company that was defaulting on debt. so basically, was given the shares in lieu of a loan in exchange for cash. not like he went out and bought

ypf because he liked it. so the stock up 18% at one point and then people started to realize, we went out and people said, hey, not an optimistic buy. a story, one of the ones to dig in more. a headache generator. >> down by 67% year to date. osiris, moving really well today on good news. >> from? >> new zealand! >> i only threw the stock in there literally because they had news from new zealand. >> why? because you think it's the same as australians? >> no. you want do go to war with each other any given day. a poke there on a friday. new zealand with a news on a stem cell treatment. >> meantime, take a look at what's going on with rimm. are you sitting down? >> i can't sit down. nothing high enough to sit down on. rim paying the former ceos a combined $12 million after they

were pushed out of the company! yeah. >> it's outrage. i'm sorry. if i was a shareholder, it's outrage. talk about a golden parachute. >> down 70% in 7 months. an analyst with william blair and company and got a market perform on research in motion. thank you for joining us. i'm going to ask you the same question i asked on nokia yesterday. is rim on a dangerous path to zero? >> million dollar question. yes, it is. you brought up the interesting point and if we step back and look at the bigger picture, i'm looking at the handset industry over a decade and never seen a handset company recovering after such strategic blunders. the graveyard for the industry is littered with players that have been darlings at one point, sony, erikson, palm, phillips.

nokia and rim treading down the path and one foot in the graveyard. >> okay. is there nothing to save them? not even the blackberry 10 launch later this year? >> blackberry 10 launch is too little, too late. what i say about rim, caught between a rock and a hard place. i have always looked at the handset industry through the lens of three categories, apple. the asian guys. and strategically placed such as palm. apple own the hardware, software, operating system. they're designed to roll out one phone every so often and want to compete with samsung, spitting out phones every six months so i think it's the battle lost here. >> okay. on the path to becoming inquens shlly. thank you very much for joining us there. >> thank you. the dow stocks with the most exposure to europe. >> that's right. will these stocks catch a case of euro-sis?

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>> here you go. it is kraft foods. number two. j&j and alcoa. and always a big but and there is here, as well. they'll spin off their international business and once they do, known, unfortunately, as mondalize that change. kaft is number two. >> let's move on for michael farr, also a cnbc contributor. michael, should investors be avoiding the companies or basically too late to sell now because the european exposure to arguably say is in the price? >> well, mandy, i'm still upset over the rim story, the person interrupting the person, i carry a blackberry and what do i need to do now? >> me, too. >> just as an investment thesis, listening to the cnbc and hear something like this rim story, and you've got one of these things and thinking, gee, maybe i have really got to get the ipho iphone, maybe not bad time to look at apple stock. i will. but looking at the companies

with the large exposures to european sales, they're already down. and so, what, you know, we like to look at companies when everybody's hating them, they may go longer here and certainly this vote in greece this weekend is as you guys have been talkin this weekend as you have been talking about, cnbc viewers, you will learn a lot if you keep watching. you see these prices coming down, you get an opportunity next week. lots of cash flow, earnings growth, and great dividends. i think this is what you want to own and provides a good inflation edge. >> is that a don't by a lcoa? >> i think j and j is a european device kind of company, they have grown 11% for the last ten

years. 13 times earnings with a 3.8% dividend when the u.s. treasury is paying 1.65. this is how you make money while you wait. alcoa is different because it's global growth slows and these commodity stoocks don't see the same demand. >> we have to leave it there, but i should note that as for mcdonald's, you still prefer yum brands? >> yes, i do. >> thank you as always. there's a lot of stuff going on. >> i'm getting killed for bashing the president for being late, but i'm just saying, whatever. >> how to trade in the final hour when it can be very

volatile. >> we'll have advice from two top traders how to trade in the final hour. "street signs" back after this. [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary.

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all right, as we ahead into the final hour of trading at this point, i can read the board. the dow jones up 83 points. >> you have been bewitched. loads of things happening this weekend, i don't need to go through all of the things, how do we set up for next week? is it even possible. >> no, you stay defensive. you want to stick with high quality companies, short-term bonds. >> even with all of the global central banks out there standing at the ready that could provide a risk on rally. >> yes, we think it will be

short lived. second, the reason that central banks would intervene is things are worsening. you have problems in europe, china -- >> even if we get the best possible outcome which we should, it's 150 plus seat majority, you say sell equities? >> i'm saying if you're fully invested and what do you do in the last hour? maybe sell some of the weaker names. we like u.s. equities in the long term. i don't think there's much you can do in the next hour to help you monday morning. >> what would you do with gold which loves central bank intervention. >> we're long gold and we like it for a number of reasons, not to mention the one that you just eluded to as well. you have to look at what is happening in the credit markets. if you look at the markets

rallying today as well. that sends a strong signal that the bond markets are not particularly enamored with any of the potential outcomes. so a risk strategy is likely to work best. >> risk off strategy is just being out of the market? >> or certainly -- >> 100%? >> that's the ultimate risk off, but again, unless you have a crystal ball that's very clear, you're probably not going to want to do that. >> and fed won't do anything next week? >> we do think the fed had will act, and on wednesday afternoon we think they will announce an extension of operation twist over the summer. >> thank you for watching "street signs," watch cnbc on sunday night. going to be exciting stuff. "closing bell" up next.

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