want that gld. own the gold. >> ahead of the european summit. >> "street signs" begins right now. we'll see you tomorrow. welcome to "street signs" where housing is helping the hopium. data surprises to the upside. is it enough to overcome investor apathy? clunker nation. you will not believe how cold the cars clogging the roads really are. so why the auto parts wreck today? we'll dig in. plus, too big to succeed? cramer is here with names to pull a newscorp and break apart. the weirdest etfs. what a sin. a grease fest that you've got to see to believe. the stock rally helping the major averages come close, close to erasing the losses for the

week. the dow is closest to break even. s&p 500 close to break even and the dow and s&p up third time in four days. as for the nasdaq, the most ground to make up for this week recovering from the monday selloff and still has a nearly 2% gain for the month of june and it is a banner day for a stock owned by many individuals. moms and pops out there hoping for news coming a short time ago. arena pharmaceuticals. which just started trading again after its weight loss drug got fad approval. that is big. and the stock up big, as well. up over 30%. over 500% year to date. now, we're following this full story and it's great news. >> big news. the anti-obesity drug getting approved. the first to hit the market in over 13 years. demand for a treatment at an all-time high. 33% of americans and thus

investors specifically retail investors have been piling in to obesity drug makers over the past year. take a look at the public ownership of the stock. not just the big hedge funds but the retail guy up to 72%. analysts of jeffries with a buy rating projects sales $1.5 billion by 2012. the market cap is trading -- actually around 1.5 billion, as well. after being halted, shares trading higher by 30% and not to be too sciencey on you, arena's pill basically gives you the seasons of feeling full even when you're not and take a look at a couple of other bio tech players. specialize in obesity drugs. the stocks trading higher on hopes that their drug will be approved. >> it's breakthrough a lot of people have been waiting for, not just investors but individual this is need this. >> absolutely. hasn't been a drug over 13

years, a growing epidemic. big demand from the mainstream america. >> the ceo of arena fa pharmaceuticals will be on at 4:00. jack lief. today. brian? >> very rich man now right there. we are getting our weekly hit of hopium today and still big events and headwinds ahead. check out the "street signs." tomorrow, the monumental ruling on the president's health care law is due out. also tomorrow, eu leaders with a two-day summit. expectations are low for a real breakthrough. but hey, you never know. america, go long rhetoric. on friday, the second quarter ends. and tune in here because all day friday we'll break down the crazy stats and facts for you. names you didn't know existed in the market which are kicking butt are dug out. but perhaps the biggest problem with this market, investor

apathy. the reluctance of the little guy to get back in stocks in a big way. what does it take to break out of the cycle? let's ask bob pavlic at ban i don't know partners and mark laskini. bob, any way -- i mean, the arena news helps, right? people invest in ri tail. they do well. maybe i should sniff around the market. any way to get the retail investor back in to equities? >> i think it takes a lot. first of all, realize that a lot of individual investors are basically out of the market because we have been in high unemployment and the money going in to the stock market is not being driven there because they simply aren't employed to have that money deposited in to the accounts. other folks are really having a tough time. the near term i think is driven by a number of issues. not so much the obama health care decision, but it's going to be either something out of the

european summit like agreement for a euro bond. if that doesn't come, which i think again like you said is quite unlikely, i think you will have to look for quarterly earnings. if the earnings can be at least somewhat close to expectations and the guidance going forward is hopefully somewhat positive, that should be a benefit. but again, i think you are looking for a lot right now given all the uncertainty. >> there is a lot out there waiting on. to break the cycle, do we need all of the ducks to line up or take one really good outcome and a good outcome of the eu summit or the second quarter earnings or something else? >> mandy, it probably only requires one of those i think to be if you will the medicine that retail investors are looking for to perhaps tiptoe back in the market. probability not health care repeal, though. probably the eu because that continues to contribute mightily to the risk on, risk off no

dalty creating tremendous volatility. >> how is that? concrete, i don't know, some kind of a concrete decision out of the eu. >> i would say that's not likely an the fact of consensus nothing is expected out of this summit unlike the previous ones, that could lead to a positive surprise. the lasting nature of the surprise is driven by a concrete solution than just more lip service dedicated to these are the things to do and still haven't as of yet done. >> one thing to benefit the market and maybe drive individual investors back in is lack of news. >> in other words, no news is good news. >> exactly. americans and the stock market -- >> is good news good news? >> it is. bad news is bad news. >> because the fed will step in with qe3. no bad news. >> if qe3 comes along and i

don't necessarily discount, the fed will probably do that. hasn't worked in the past and probably doesn't work going forward and add to inflation problems down the road but the market will like that and that could drive more individual investors. >> i'll play the devil's advocate s. there an opportunity for a whiff of i don't know worst than expected economic data that qe3 is on the cards, could it instead of helping asset prices like in the past, could it be a negative psychological whack? we need another round of qe3 and have the opposite effect? >> probably said that at the installation of operation twist and the extension of that. i think the threat exists. we've seen diminishing benefit of instituting a new quantitative easing-like program. twist and now the extension and as a consequence i think the

market could look with a jaundiced eye to what kind of meaningful help to have to the real economy which is dubious and continuing to inflate risk assets. >> how about this? wealth creation. a couple of year period where the market chugs along without a major crash or problem or whatever where people start to see their incomes and retirement funds go up again and that feeds on itself. when do we get that period of three, four-year run? >> well, brian, you know, what's interesting is household net worth with the rally of equities in the first quarter of the year has closed the gap to where the deficit of the peak in household net worth in the fall of 2007 is about 7% at this juncture so even if we have stable equity prices and starting to spring to life is the housing market, we get some contribution of home price increases, that could further shrink that gap and lift the wealth effect and create the possibility of more spending for a self sustaining economic

expansion. >> okay, bob, when's worked for you in the first half of the year and does it work in the second or switch course? >> we saw the market deteriorate probably in the early part of march and started to raise cash. probably right now 25% cash in the portfolios. just recently with the price of oil going down at 78, 79, we added to the energy holdings. chevron, for example. >> which is good considering energy is one of the leading sectors. >> it's worked out. that's a recent purchase of mine and intuitive surgical which really -- >> going for the robot stuff, huh? >> think about it. i mean the company's -- >> what's the valuation on that bad boy? >> it's trading -- a peg ratio just over one so here you have a company that has tremendous potential. there's about 7,600 hospitals in the united states. this company sold about 1,450 units so if you think about the potential for additional sales

going forward, it is not going to be any -- there's not any kind of impact of the obama health care decision on this particular company and hospitals want this thing. >> okay. we have to wrap it up there. thank you so much for joining us today, bob, mark. now brian shactman with a "market flash." >> take a look at r atheon. the united states working on how to counter those missile capabilities and a medium-range interceptor missile with a very successful test off of hawaii today boosting the stock by 1.3%. the dow up better than 80 points and that buy by jp morgan. more americans are milking the mileage out of the cars. why are auto part supplier getting kicked to the curb? >> good question. too big to succeed? jim cramer tells us why other companies need to take a page out of newscorp's book and split

up. >> splitsville. >> we'll be back. [ 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. time is running out to get the hottest deal on a new mattress. sleep train's 4th of july sale is ending soon. right now, save on sleep train's most popular posturepedic and beautyrest mattress sets. plus, pay no interest for 36 months on tempur-pedic and serta icomfort. big savings and interest-free financing? these deals aren't just hot...

they're explosive! sleep train's 4th of july sale is ending soon. ♪ sleep train ♪ your ticket to a better night's sleep ♪ someor for some reason i'm doing "if sunshine stock" today. just kind of meets my mood today. home builders are the hopium sunshine stocks.

plural. more than one, mandy. >> four for the price of one! >> but if you call now, we'll throw in -- >> steak knives. >> exactly. lennar, four cents above expectations. new orders solid. deliveries solid. i'm not sure how you deliver a home. i hope the fed-ex guy's wearing a support brace. by the way, big shout-out to bob wetnal. >> he called it. >> home builder analyst at rbs. stock soaring. bob, if you're out there, take a victory lap. take a look at the auto part suppliers. in spite of a new report saying the average age of a car right here in the united states is 11 years old. phil lebeau joins us now. when's the disconnect there? seems counter intuitive. >> considering the age of the vehicles here in this country. i want to go back over the last

three years because they hit an all-time high in the spring and when they did that, everybody said, of course. they're a smart recession play. people keep the vehicles longer. they want replace parts an part of that play has to do with this chart here. take a look at the average age of vehicles. there's the line right there in the middle around 1997. 21.5% of all vehicles in the u.s., about 52 million, are older than 16 years, 16 years or older and supports the idea people need parts and then o'reilly coming out yesterday after the bell and saying, you know what? we are expecti ining softer saln june. but this is the second month this queert o'reilly said softer sales and maybe the weather an now people saying, have we seen the end of the run for the auto parts retailers? >> okay. very good question. we'll pose it now and ask when's going on now with michael lasser

at ubs and stick with us, as well, phil lebeau. is the party over? >> hi, mandy. i don't think it's over at all but a great opportunity to get involved with the names. i think it is mostly weather related. typically what happens is a very cold and precipitous wenter in to a hot summer. we just went through a winter that was second warmest on record and so it led to less parts failure. this condition probably lasting for a couple more months and then in the fall reverts to historical stock position. >> i want to play the devil's advocate again here, michael. seems cars are better made. the materials, they're getting better, as well. do you think that the cycle is longer and longer and people keep the cars for longer and in other words this is bad news over a long term for the auto parts makers? >> fair point. cars are becoming more complex due to engineering changes but

once they break down, it's also becoming more expensive to fix and that feeds very well in to the auto parts retailers. the other element of the story is consolidating the market on the consumer side of the market where you or i go in for transmission fluid, they have about a third of the market. on the other side, where there's feeding auto mechanics, they have 10% share and there's still a lot of room for these guys to grow. >> we have breaking news with tyler. michael, thank you very much. >> thank you. >> tyler? >> brian, thank you very much. it's falcone charged by the securities and exchange commission with fraud among other things for illegal conduct that included misappropriation of client assets, market manipulation and betraying clients. separately, the s.e.c. reached agreement to settle charges w s

unlawful trading and seeking a ban against mr. falcone from serving as a public company officer or director. he, for his part, and harbinger capital, contest most of the s.e.c. allegations and remember they're allegations. i'll give you a briefly a couple of things that the s.e.c. alleges. first, fraudulently approved $113 million in loansrom his hedge fund. that he advised and manipulated to pay his personal taxes and he and two managers manipulated the price and availability of a series of distressed high yield bonds by engaging in a kind of short squeeze, of those bonds. that's the market manipulation allegation. that he granted, offered and granted favorable redemption status to certain influential clients at the expense of others. that's the allegation that has

to do with betrayed clients and engaged in illegal trades in connection with the purchase of common stock in three public offerings after having sold the same securities short during a restricted period. again, mr. falcone contests these allegations. and we'll endeavor to find out more as the afternoon continues. folks, back to you. >> continuing to watch that. thank you very much, tyler. just ahead, weird and wacky etfs. herb's been counting them down all day and joins us next with the weirdest of them all. miserable millionaires. more proof that money can't buy happiness. >> it can't? >> it can buy the things that lead to happiness like boats and plan planes. >> it goes a long ways. with the spark cash card from capital one,

olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! put it on my spark card! [ high-pitched ] nice doin' business with you! [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back

or double miles on every purchase, every day! what's in your wallet? this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. ♪ [ male announcer ] its lightweight construction

makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced haldex all-wheel drive. [ engine revving ] it's bringing the future forward. all right. stockology time. snap. advancers 2270. decliners 728. nasdaq, there's the numbers. new highs. 58 to -- 81 to 28. read numbers. nasdaq stats.

69-39. new lows closing in but the bottom of the fourth. not sure they'll make it. >> another look at the stock of arena pharmaceutical. look at it. up nearly 30% and hearing now that it is going to launch that weight loss drag in the first quarter of 2013. that came from the conference call. >> one thing i just noticed and welcoming in herb. before the awesome piece, i was just looking on the machine we are. allegan makes a lot of products, one is the lap band for weight loss intervention. to me that's interesting saying if market was so convinced that the drug is that effective at preventing obesity, why would -- >> you know how investors think. it gets them in the -- >> it's a pod of traders? >> and again, it is just again how many times do i have to say it. it's more than just the lap

band. so many other things. >> just pointing out something i thought was interesting. >> as usual, very interesting. >> yeah. >> snar i can today. >> you have to ask yourself why is he snar i can? when's the underlying reason. that's an herb kind of question. the weird and back world of etfs. all day. all day i have been here. that was me. all day talking about -- >> who's your friend? >> it's a list compiled with the help of index university and number three, u.s. market neutral anti-momentum fund. appropriately known as the no-mo. anti-momentum. not much weirder than that. while index universe cites it as an interesting pairing of long positions and low momentum stocks, it may simply be more sophisticated than the market needs. they say that it's designed as a

hedging instrument for investors. number two, the elements credit suisse global warming etn. man, when i first heard about this one, i said, oh please. supposed to invest in companies with an increased focus on combatting global warming but it must be having a hard time because it doesn't own anything. weirder yet, i couldn't get everybody at elements or credit suisse to talk about it. it was like go talk to the other guy. >> we don't know or refuse to talk about it? >> they pushed me to another guy and the other guy i couldn't get anywhere. i don't know who elements is. >> i don't understand them. >> i tried and tried. my winner for the weirdest etf is a tie and really two recently launched etfs that i believe -- >> in the etf world. >> this is a sucker. >> these are more wrong headed than weird. the global x guru fund and the

alphaclone altertive alpha etf. they think they have a secret sauce for you. they cull investments of 13 fs. they said they have it figured out but i'm not an fan on piggybacking on other's trades and i have a list up with a whole lot pictures on cnbc.com. >> over the course of the day unveiling these weird and wonderful etfs goes to show if they're that difficult to understand, some of them don't last. what was that one you showed -- the fishing etf. didn't stick around. >> the fishing etf, the farming etf, the food etf, a patent etf by some of your pals. they just disappeared because some of them oosh. >> it was an etf that invested in companies intellectually property heavy.

>> the point is -- >> hard to get traction. >> but sometimes maybe that -- why have it then? >> get back to basics. >> more etfs than stocks just about. >> getting to that point. that explains about the markets. >> i love this piece, too. you have said it before. when something has a name like, make it up, the greenberg global food etfs and i invest in global food. >> i'd invest in to that. >> you might realize it's loosely related to food. a lot of names are misleading. like the global warming etf, a polar bear trade. >> nothing in it. why's the point? >> the holdings evaporated. >> time to move on. polar bears are just left swimming in the ocean. little bit like that joke. >> that joke sank. all right, foodies. wait until you see what we're

cooking up next. it's a good thing the weight loss pill was approved today. >> one stock likes to move it, move it. we'll tell you which name has investors going wild. [ male announcer ] introducing a powerful weapon

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.

welcome back to "street signs." brian shactman looking at nvidia. it looks like they're doing very well in the tablet space compared to qualcomm in the smartphone space. up about 2.5%. it's over my shoulder but is it on the screen? and the answer is -- negative. there it is. >> there it is. >> back to you, mandy. >> yeah. you've requested -- >> it took so long to render. slow graphics processing chips.

>> you've been up since, what, 2:00 a.m.? >> look at the nasdaq for you, guys. big cap techs around the lows of the day an kind of interesting considering all that exciting -- >> low of the day. like 940. >> there it is. >> heading back down after moving higher. >> 940. >> there it is. thank you for jointing that out. let's move on and look at the reason to jump. >> gugenheim raising the buy and still seeing some upside. the stock down 35% year to date. basically an analyst rating scale, one of the lowest in the telecom industry. and leap wire sls a dismal performer in the last, i don't know, four or five months. >> year to date brown 34%. dreamworks, however, cashing in on the latest adventure. very fine movie, by the way.

i took my children to see it. "madagascar 3." >> i have not seen it. not a good parent. hold from a sell. not an overwhelming endorsement. that stock, though, they need something. gone from 42 to 18 in 2 1/2 years and stock's been down and a rough couple of years for dreamworks. >> be a good parent. take your kid there on the weekend. lindsay corp. is spiking. >> 7.5%. a new name. i was not familiar with the company. they're omaha, nebraska, making irrigation equipment and pipes for pipe loonlinpipelines. 23% jump in quarterly profits. keep in mind a $85 stock a little over a year ago. coming off the high and finding new names. >> absolutely. unifirst and rising by nearly

10% today. >> not bad. earnings rose 49% year over year and a lawsuit settlement and growth in the laundry business, the core business did rise, as well. near the all-time highs and not our network but the show "undercover boss," their ceo on the show a while back. >> the importance of crisped uniforms. >> that's right. >> weight watchers. >> speaking of crisps. isn't that the british or australian term for -- >> britain. you may lump us in the big same colonial package -- >> you bow to the queen. we throw in the -- >> we want to show you weight watchers and highlighted by one of the twitter viewers or tweeters. chris maverick. >> watches the show. >> a shout-out to chris maverick. >> weight watcher down 1% perhaps on the news of arena

pharmaceuticals. the weight loss drug. i pointed out allergen upper. >> overall self improvement package. >> we need that. weight watchers down maybe on the news. >> i believe it's launched in the first quert of next year. barclays under fire after being hit by a fine of $453 million by u.s. and british bank regulators. eamon javers has been following the story. >> reporter: it was a massive and undecember presented fine of $200 million alone just from the cftc announced this morning for barclays alleged manipulation attempts of libor. the key interest rate upon which so much else in the financial system is based. 1$160 million fine from the department of justice. not prosecuting barclays but a

criminal invest is ongoing of potential problems of other banks and clearly spreading. earlier today, the cftc's bart shilton was on cnbc and explained how this fraud occurred. >> 16 banks all submit their different raits of what they believe barrowing should be. what the cost of borrowing is for them. but instead of that, the barclays submitters submitted what the trading desk wanted them to do. what would be good for the trading desk. >> but already, guys, attention shifting away from what the government did here this morning and in to a question of what is the situation in terms of class action lawsuits that have been filed against barclays and potentially the other banks allegedly involved this situation. so, what is the total liability here? and we don't have the sound bite but the sound bite there --

>> this huge exposure of barclays and potentially other banks of financial transactions pegged to libor and seeing a variety of different claims stemming from counter parties to these swaps trades to class actions. >> and there was the sound bite so you get the idea here basically which is that barclays and other banks now potentially fighting rear guard action against the class action lawsuits. unclear how far it goes but because libor is so inherent to the financial system, it is a potentially huge class of people to claim that they were negatively affected by the trade. >> $200 million. i went through the numbers. that's about 4% of barclays expected net income this year. >> right. >> and shares are up, up more than 1% right now so wall street clearly looking at this as a --

that was a slap on the wrist if you couldn't see it. >> you bring up a good point. not speaking specifically of barclays but that's the case and question is it still profitable for the banks to engage in the wrongdoing based on the size of the fines they're expecting to get here? if you have to pay almost $500 million to the governmental authorities and multiple of billions of dollars doing it you could argue there's an incentive to commit the fraud. now, it's not clear at all how much the profit was here to barclays based on what we have seen laid out in the government documents. it is extremely complicated stuff but the e-mails are astonishing between the traders and the people submitting libor and traders ordering up what they thought it should be from barclays the next day. >> what would someone to sue have to prove here? >> basically day by day through

2005 through 2009 argue that barclays submitted stuff in terms of libor that caused the interest raits to change and then you have to prove you'd have a specific negative economic outcome to your trade based on what libor was that day and it was caused by barclays. there's a huge sort of chain of event there is to work out legally who was responsible for it. so it could be a complicated case to make and talking to trial attorneys today as i have been doing they say that a lot of these guys are licking their chops and can't wait to get in to the case. >> great stuff, as always. thank you very much. the market is flashing. get out to brian shactman. >> maybe not as sexy as anti-obesity treatments but amarin spiking up today and might get approval for fish oil pill to help, of course, your heart and that's one big step to fda approval. people trying to get in the stock right now.

>> all about health today, isn't it? >> that's right. >> the dow only seven stocks are in the red. the biggest loser on the dow right now, mcdonald's. i say oddly because jim skinner stepping down and carl quintanilla in one of the first in downtown chick and not going out with a stock bang. coming up next, time not on our side today. the fat cats and the phat mansions. maybe feeling worried. we'll look at why the misery of millionaires might be a good sign for your portfolio. >> the misery of -- >> world's smallest violin, america. [ 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. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. diarrhea, gas or bloating? get ahead of it!

one phillips' colon health probiotic cap a day helps defend against digestive issues with three strains of good bacteria. hit me! [ female announcer ] live the regular life. phillips'. [ female announcer ] live the regular life. if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t.

so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! a a huge two hours ahead. first tax reform with the chairman of the powerful house ways and means committee. and then it's banks behaving badly. will barclays' big manipulation settlement undermine confidence? we have both sides of the story. don't miss a first on cnbc interview with the ceo of the company of the day, arena pharmaceuticals, the firm that

just got the fda approval of a first diet drug in more than a decade. the stock is up about 50% as a result. find out what it means to arena's bottom line. that's the top of the hour. bri january? >> thank you very much. today's "disaster du jour" is fossil. to 80 from 95, still sees 8 bucks of upside from that. remember, though, back on may 16th, citi also upgraded of a buy and keep in mind, please, a -- can we bring up a three-year chart? it's 135 bucks last july. and then 135 bucks this past april. look at the wild swings. >> yep. >> in fossil. lost nearly half the value in aier. >> what's a "disaster deyour" that french accent. keeping with the glass half empty theme -- ♪ >> the rich seem to have lost

the rose-colored glass. robert frank, here to explain. >> exactly. well the wealthy in a bit of a bad mood these days. a new survey shows that investor sentiment for the wealthy at a five-month low. their outloom for the economy and market fallen to neutral from bullish and this would seem to be a bad omen for markets. the wealthy own most of the stocks in america and account for a huge share of spending but the gloom of our millionaires may have a bright side. if we look at the chart, the last time millionaires got bearish is last october. shortly after that, the markets staged a huge rally through the spring. in march of 2011, the wealthy grew negative. a period followed by a mini rally. not calling a bottom for the market but if history is any guide, the misery may signal tomorrow's market gains. >> that's a very interesting -- well, it's a negative

correlation, right? >> yeah. that's sort of been a sign that markets are about to go up. many people think that the wealthy ahead of us on information and strongly corelated with the thinking there. there's a broader lesson to me which is for god's reason don't get rich. it's stinks. >> according to the data. >> a giant yacht with jay-z at the birthday party. the view is optimistic in california. they paid $4.2 million for a better view of the san francisco bay. a foreclosed mansion sitting in front of the $19 million home. what did they do? bought it for $4.2 million and then basically took an acti ax getting one of the best views in

the bay area. >> miserable. waking up every morning and look over san francisco bay -- crying inside. >> yeah. that's why they have a stock of -- out the back to pull one out. coming up next, the mad man, really on fire today. >> yeah. >> with two big companies considering a trip to splitsville, jim will talk to us about names you know that he says break-up, move up, create more shareholder value. those names with jim coming up. . ♪ i'm consolidating my assets. i'm not paying hidden fees or high commissions. i'm making the most of my money. and seven-dollar trades are just the start. i'm with scottrade. i'm with scottrade. i'm with scottrade. and i'm loving every minute of it. [ rodger riney ] at scottrade, we give you commission-free etfs, no-fee iras and more. come see why more investors are saying... i'm with scottrade.

i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ that i forget how to put gas this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. going to check out

the shares of news corp, and trading at levels not seen since 2007. they're set to meet and decide by tomorrow about politicaling into two companies. g jim cramer saying there is a bigger issue. >> companies are hostage to btfs or -- everything seems to be

linked and all stocks related to europe. the correlation is too high. so some investors say i will show you my company is worth a lot. all i can do it is break it up and then the focus is on the company, not on greece or spain. >> news corp is an interesting story. i used to work for news corp. what's interesting is we hear about the good stock and the bad stock. why is the whole stock rising when it's going to be, theoretically, an easy distribution of good and bad. does that question make sense? >> the good is unbelievable, and the bad is like a multiple redu reducer. it's so bad, not being able to make it so people understand the company. >> let's say they split it up, and if you own one share, you

will get half good and half bad. why will that net out. >> i think people start realizing the bad is not that much of the company. but it really kept it back. and i think when people look at companies, they think there is a textbook business. it's like allegin. so when you split them up -- >> to split ups always work? has it unlocked value? >> of the last few, they have been really good, fortune brands was amazing. you had a business that was master lock, and a liquor business that turned out to be worth -- >> miles white is one of the under estimated ceo. so you're ceo for a day.

you can run one company and do anything you want with it. i was thinking baxter, i could split medical and pharmaceuticals. >> j.j. cramer company? >> yeah, i think no matter how great -- he could not run this company into the ground. mr. mccneil that used to live down the street from me, you have household products business, fast growing pharma, that j&j deserves -- >> i have a lot of j&j friends. >> you know this is a high growth bio speck like company. >> right. >> i want those parts. >> but then you have band aids.

>> that's a good cash throw business. >> but it's different. >> j and j is worth so much and used to be the best company. they can reignite this company. the company is not bold -- >> what is behind the spinoffs we have seen lately? >> it's difficult to get people to pay any attention to you. i think people really hate the stock market. and they hate everything about it. they hate the fact that we have to talk about spending. but we have to. >> i would rather talk about great companies. let's break greece up in parts. >> this is a way to focus on international verses domestic. these are stocks that are -- >> so you believe p and g should be broken up? >> they're way too big.

>> they bought claroil and gilette. >> i enjoy that dollar shave club because the mach three price is out of control. >> one of the biggest themes was the build up of phillip morris, the second thing was the tear down, that's the best performing major company -- >> you wonder why bankers get rich. >> no one is keeping you from being in the banking business. everyone hates them. >> i heard a great story last night. a guy i met worked for mckenzie. they brought a new young analyst with them and they presented to a ceo, and he said you present, and the young guy presented this

whole thing, basically said to the ceo of the company you need to get smaller, you need to break apart, and the ceo said that's funny son, because the guy next to you told me we need to get bigger. >> a lot can happen in ten years. who do you have tonight on made men? >> i have ken powell. >> yoplait holding them back. >> it's killing them. >> they used to bill submarines. >> we'll leave it there, thank you for coming on today. coming up next, old burgers.

this is the home that you have been waiting for your whole life. it's a bacon burger between a cinnamon roll. it was made by a guy named nick. he said the only downside is the size. he said it was so big he needed to use a knife and fork. they also created the lasagna burger. it's more than