matt cheslock, what is your final chart for us? >> yelp. seeing it turn higher here and looking to break out. everyone talking yelp on the beach yesterday. >> thanks a lot. that does it for today's edition of "power lunch." "street signs" begins right now. indeed it does. hello, everybody. brian is still on vacation. the countdown is on for tomorrow's all-important jobs report. our task force is ready to help you prep your portfolio ahead of the big number. general motors shares down close to 40%. what's it take to get you back in to that stock? we'll debate that. plus, a sunshine stock that's a real trip and a milestone for one of herb's big momentum stocks. it is, of course, netflix as the stocks. they have spent most of the

day climbing out of an early hole. the dow fell as many as 91 points early on. the s&p 500 meantime is pared the early losses and trying to chalk up some gains for the fourth straight session here. not quite positive just yet, though. we have a couple of hours to go. and the nasdaq is out performing the peers and on track for a fourth straight day of gains and also on pace for its fourth consecutive weekly gain. let's find out more. dig in deep. we have mary, rick. mary, as we've been saying we have come off i think the biggest three-day rally we have had so far this year so what we're seeing despite the central banlgs turning on the spick it is what, profit taking? >> a bit of a rally back ahead of tomorrow's jobs report because there's growing optimism may not be quite as bad as many expected given the decent data

that we have seen or that we saw earlier today. quick check of the sectors driving the rally. the dow turning positive for the first time today. technology, terms strong. so, too, are industrials. the weakest areas continue to be bankers. let's take a look at the home builders, too. they, too, are moving higher in today's session. of course, rents rising and could be a positive for the home building sector eventually if people get tired of paying the rents. s&p as you mentioned earlier, mandy, weaker. very much core lated with the euro weakness of today. the struggle continues for the s&p to try to move in to positive territory and seeing weakness in the s&p is banking stocks, they continue to be under pressure today on concerns, of course, that you do have the ecb rate cuts, raising concerns of the weakness in that economy and that's impacted the bigger u.s. banks here. that trade here like jp morgan.

back the you. >> thanks very much for that. let's get to rick santelli. you have china, the ecb and britain essentially loosening monetary control in the space of an hour or so. does this signal alarm or give you confidence? >> it doesn't instill confidence in me. reminds me of that movie did the slap shot" where they're going good old-fashioned hockey. i imagine the central bankers going, do you have any ideas for growth? no. good old-time central banking. lower rates and print some more money. that can't be good. rehashing things like libor an enthe further we big down on it the more we find it has ties to central bankers. bail them out. punch them. in terms of foreign exchange, dollars up, the teeter tot trade. because the euro's down, the pound's down, the crone is down

and then after the fed comes in for accommodation, we'll go down the other currencies go up. just a teetertotter trade and not saying something is bubbling through in the u.s. economy. that's why interest rates are just kind of slowly hanging or moving lower. they see through it and hard to short equities when good old-fashioned central banking plan is more liquidity. >> absolutely. the global central bank put. bernanke put no more. you mentioned it up by 1.3% today. thank you so much. with jobs numbers out tomorrow morning and the new quarter just beginning, the question for this market is whether we are turning the corner. we have a panel, garry shlosberg, julie coronado and david mcalvani. julie, ladies first on "street signs." for you, downside risks or

upside risks for the u.s. economy from here? >> i think the risks are definitely to the downside. if we look at what are the positives for the second half of the year, the main thing we can point to is lower gasoline prices. but that's about it. i mean, that will help consumer purl chasing power some but we have a slower global backdrop. we have got a weaker labor market and very weak consumer purchasing power overall so staying on track is a pretty decent forecast. i mean, that would be a decent outcome and risks are that we might see slowing from here. >> if only one of the bright spots throughout is falling gasoline prices, it is not that much of a bright spot, right, garry? are we at a level where it boosts consumer spending? >> well, they have been coming down. they have been providing a modest lift to purchasing power. you have point to a few other things. individually, not all that extraordinary, but taken together could provide something of a moderate lift toward the

end of the year. the housing recovery benefits the economy several ways. higher sales construct, housing related employment. very modestly. rising home values, they could provide greater scope for refinancing activity. and the situation in europe. if the central bank actions at least take europe off the front pages for a while, we could provide an underpinning to the stock market which lifts household wealth and spending power, as well. nothing extraordinary. >> feels like bottom line for you is risks to the upside opposed to downsides. jul julie, too. what about for you, risks to the upside or downside here? >> i think to the downside. we have seen central banks intervene today and virtually no response in the equity markets. this kind of push you would normally want to see some sort of response of speck lay to

recall speck tailors but we haven't seen much of a boost and what we saw at the last fed meeting, too. a bit of intransigence and said, yes, we have a few more bullets to fire and wait and see what congress does to address the fiscal issues in the u.s. talking about downside potential in the equity markets and particularly in the retail space, you're seeing retail insiders sell at record rates. and amazon takes the case at a 2,960 to 1 liquidation to purchase ratio so i think the retail space if that tells you anything about insiders of the space see consumer spending going, i think we have negative surprises as we come in to the fall. >> i'll put you on the spot in terms of levels you are looking for. i have here in the notes and not sure this is correct but looking at dow below 10,000? below 10,000? this fall or early next year? that much of a downside risk? >> well, yeah. i think the real issue is when

the fed begins to act and i think they will act. if we get the dow below 10,000. will we get that low? i don't know. but i do think the fed will have motivation and political cover to step in and act in the midst of a market free fall. below 10,000, active. up until that, we have them tip their hat on the 20th as to the actions on the remainder of the year. >> julie, what are we looking for in your expectations tomorrow? >> we are looking for 85k. we are expecting some fading of the seasonal distortions that we have seen that made the numbers artificially weak for a couple of months. the question is how much of a bounceback to get and how much offset by a trend towards underlying weakness? we have claims better today but trendwise we are going the wrong direction. and we have seen, again, isms bounce off of very low levels and seen a lot of labor level indicators turning to a weaker

trend and expect some bounce off of the lows and not necessarily a number to give us confidence that the economy's got some solid foundations for second half growth. that's going to leave the fed in a little bit of a tricky spot. you have got the fed looking for labor market weakness is the easiest trigger for qe. if we get something 100, 125k that might be enough to put them a wait and see mode so that might make the market a little bit more pessimistic not to get qe3 and don't have a strong labor market and stuck in the middle zone. >> between a rock and a hard place. garry, i see the biggest concern here is a potential for a policy misstep. how likely do you think that would be from the fed or anyone else? >> well, i think we are down to the wire on that. nothing really happening until after the elections. more likely the lame duck session early in 2013. but that is one of the risks. back the your first question, about risks, i think they're to the downside but the backdrop i

think are the positives that i mentioned a moment ago. >> okay. to all of you, thank you very much for joining us. let's get out to seema with a "market flash." >> mandy, retail stocks not having the best day. but a couple of retailers are actually bucking the trend. crocs and vera bradley moving sharply higher. hot days means higher demand for fashionable shootwear. a short squeeze. nearly 23% of decker shares are short so perhaps that's the reason these stocks are moving higher. mandy? >> vera bradley is one we highlighted on tuesday and really down and a big reversal there. thanks, seema. signs of life in america. we found three cities that are rebounding faster than the rest of america, especially when it comes to jobs. but is the grass really greener on the other' side?

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♪ sleep train ♪ your ticket to a better night's sleep ♪ the oil trade is hot this week. up 10% in a week. pretty much as hot as the weather. >> right. except for today. look at an intraday chart. saw an uptick after the inventory report showed a bigger draw down in crude than had been expected but then we went back

negative. that really valley did not hold up. that's for today. so many factors influencing the market and watching this brent wti spread because there are different factors in the market with brent today. they're focused on what's going on in norway. huge oil exporter. lock the workers out. it has to do with pensions. started july 9th, shut it down. so that is basically supply concerns fuelling a little bit of an uptick in brent today again and looking at the rest of the complex back here in the states, steven put together it nicely saying gas supplies might be a little low but demand is even lower. back the you. >> okay. let's big deeper in to the numbers. we have dan decker and always good to have you with us. >> thanks for having me. >> i was thinking we have wti there. right? in a so-so global economy. >> right. >> in some places a slowing down

global economy. what happens to oil prices? >> right. this is what's been so interesting about this move. most people have been looking at the fundamentals and have been very bad. pmi numbers sort of been taken in by the siren song of this kind of slowing growth thesis and that's been driving a lot of the shorts in to the market. that i think is the major driver of a tremendous spike over the last four or five sessions where you said we had a 10% spike. >> what was the main driver of that? norwegian oil strikes or what? >> there's saber rattling in iran and saudis at full tilt production. over 10 million barrels ady and also raised their target price. that's been a big deal and those are things that anybody can tell you about. the fundamentals. when's going on in the market is a switchover of a pretty deep contango but i have a different

view on the way of crude oil prices plays out and what's happened is turned violently of what's been a pretty bearish-looking curve to a fairly bullish-looking curve so the point of this is that anybody's hoping as they did a couple of weeks ago for a 60 handle in crude or maybe 250 a gallon for gas over the summer, something to help us move out of, you know, these doldrums i think barking up the wrong tree. >> going back to the upside how much further do we go from here? >> i think going to see a leveling off in terms of prices. i don't think you see brent go much higher than 105 an seeing a continuing 0 of a bottoming process before we start to take off and when we start to take off is same as last year during that fourth quarter like we saw last year in 2011 when we saw the high big prices in the spring and nobody expected a. replay of that just like the same bottoming action here in the summer of 2001. >> i have to ask you about corn, as well, considering we have been having droughts and people saying we will have a massive el nino effect coming in around the

third quarter, as well. what is the trade there? do you sell the cereal makers? buy the fertilizing stocks? >> i like the fertilizing stocks. cme is one that's there. i'll move it back to the energy space and tell you i think natural gas is a place to go because as things get hot across the midst of the country you have a big build-up of natural gas usage that goes on and everybody is waiting for that. that drawdown of the huge stockpiles of natural gas going on so i think as opposed to a corn trade you might be looking at buying natural gas plays and go for the next two quarters. >> good. thank you for your trades. >> all right, mandy just ahead, is netflix a streaming buy? why it could be the end of ly lin-sanity of new york. why the muscle men of venice

are not so pumped up about google coming in on their turf. here's today's "return on retirement." 72 million americans said so long to hidden 401(k) fees this week. the department of labor's new rules require plan providers to dispose fee information to participants. so, what changes can you expect? the answer 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.

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fans look like they'll continue to suffer. so far in the free agent frenzy, the next are empty and if they hope to resooif lin-sanity it costs them. shares of madison square garden, these are the owners of the next. just turning positive after spending most of the day in the red. steve nash who the next courted went to the lakers andier my lin is about to be offered a big deal by the rockets. the next can match it but worth millions more than they wanted to spend on him. you can hear the cheer of wait until next year rippling through the garden. a new bat sl brewing in california as google muscles their way in to los angeles. jane wells is on the case. hey, jane. >> reporter: hey, mandy. you know, l.a. county's got unemployment over 11%. home prices are falling. you would think people are thrilled that google moved in to this office behind me leasing 100,000 square feet. plans to double that, bringing

in ploes and tech and sales but this is venice. google moving in, good or bad thing? >> bad thing. >> reporter: why? >> it's the end of an era. ♪ >> reporter: much of the west side celebrates being different. part of the concern is google leasing the building which houses the legend gary gold's jim. google says it has plans to kick out the gym. some aren't so sure. >> there's a lot of rumors flying but at the end of the day it's corporate. it's the bottom line. we know in two years you have to be silly not to know that this is not going to be here in two years. >> probably a good thing for venice. i don't know if terms of parking. we'll find out. >> i don't know one that ascribes to the sort of nostalgia of venice as it used to be because i've been here since it used to be and it was rough. >> reporter: and for those at tech start-ups here of silicon

beach, google's a great neighbor. >> listen. you want to have world class companies in your area where you're working. google's going to attract talent. throw off talent. >> bringing in jobs and allow google to have an intimate connection with entertainment. >> you never know n. a couple of years they might want that you think hi start-up environment and move on to a start-up. >> reporter: and mandy, the local city councilman said google is doing community outreach to calm the concerns of those that fear google will change venice. back the you. >> you know, i was reading this morning, janl, that nerm it is of trying to attract and retain talent and create jobs, google is second to none and bringing in wave pool to the google place for everyone to surf inside so, you know, hopefully creates jobs and people's attitudes change. >> reporter: hey, we need jobs. we need jobs. >> exactly. i could do with a wave pool inside the studio. okay. coming up next, why herb

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it is that time of day we call "street talk" time. herb, we have a lot of stocks to get through and a bunch of aussies over there. the pressure is on. you have to be on your best behavior. get to netflix. it's reached a really big milestone and we are seeing a massive reaction in terms of share prices up by 13%. >> reed hastings put out something on facebook saying in june there was a billion, a billion streaming hours. >> right. >> i have to tell you something. it's interesting. we don't know the economics of the streaming hours. off lot of competition. you don't know the cost to get the hours. but what i find very interesting in this -- remember, this is not on a company website. this is on the facebook. he also says that what house of arrested and arrested development debuts, we'll blow the numbers away and promoting and creating a motion to push the stock up. reporting numbers.

you want to see what the economics of those numbers are. >> right. >> people tend to forget this seeing a million, a billion. that's a huge numbers. >> companies using facebook more and more to post these things but the devil is in the detail ice the scc watches what people say about this. where does it cross the line and things you wouldn't say in a press release. >> things that are popping, another one on the screen, rim. >> people weren't in perhaps on tuesday and catch the news when the company said waking up today, not a death spiral. going through a big transition. heins said tuesday, everything's okay. they have a long way to go. maybe everything will be fine but, you know, this stock is one volatile stock. >> of course he says it's not a death spiral. >> good for the apple e cosystem. >> i'm the mini. i'm waiting for the new ox to come out with and mini's coming

out. really making a big difference? the stock will do what it's going to do. >> back above 600. >> back where it was in april. see how the competition evolves. apple up xwen. >> what's going on with best buy? >> that's a story of being more apple-like. i hate hearing something will be apple like. people can come in and play with things but that's back the other issue. the showroom issue. how does that change it from being a showroom issue? i have to tell you something else. >> how does it change? i can't possibly imagine. saying you have more servers? i don't know. >> look. i saw it and tweeted out this morning, second coming of radioshack and there we go. i don't want to go there. >> fossil shares among the worst performing stocks in the s&p today, right? >> fossil's been interesting because people have been raising great concerns including europe.

rob macarthur is looking at this. one of the points -- this is why you have to pay attention and points out that in europe, you know, that's 26% of rev noous. 38% of operating income and why europe matters to this company. >> i think this is one of the biggest themes to hear about. everything is maybe okay here but europe is the drag on the bottom line for a lot of companies. >> well, we're hearing that in increasingly and the concern and in this case the volatility. >> and the currency concern with the stronger dollar hitting the euro. >> one of the companies talking about that today is currency concerns and you have to look at the high end in general. not just in europe. starting to see it impact. >> kohl's. slumping. >> crazy story. look at the stock. >> up 7%. >> disappointing same store sales and said that for the second quarter they would come in at the low end of earnings

guidance and they were encouraged going in to the end of the year. this is what's kind of interesting. this is the low end of earnings of a guidance that itself is disappointed whether the company gave the guidance in may. and also, you know, i talked to rob wilson, very good on retail. he says watch out for the third quarter guidance. not convinced. why it popped today and popped like this on the conference call. >> toward the latter half of june started to improve and people getting the feeling despite the overall june number always dig below the surface. >> that's the encouraging issue and the inventory issues dogging the company. >> positive note in the automotive industry. we like to end on a high. 3% pop there for auto nation. reporting june new vehicle sales. right, herb? >> because people are buying new cars. driving around the clunkers forever. also some good comps here. easier. you have the japanese earthquake a year ago and helped here.

>> talking about gm on the topic of auto sales later on. gm sales increase 15.5% in june. but the stock is down nearly 37% since its november 2010 ipo. although the shares still up for the year, the question is, what's going wrong with gm? let's bring in our panel. to all of you, great to have you on the show. dutch, when it comes to gm, how much do we need to point the finger at europe? >> well, i mean, that's the achilles heel for a lot of manufacturers, not just gm. i think that europe is probably the large albatross around their neck because if you look at the real positive things, there are some positive things for general motors. >> such as? >> well, you know, it's all about product and there are some great product coming down the

line. i'd like to think that some of the analysts are looking not just the short term but the real long term, the new impala is coming on. we have a sonic which is a small vehicle. the general motors is developing a lot of fuel efficient vehicles and they have amortized the cost of the trucks, bringing out new ones next year, so all of those things point to good profits for gm down the road. >> okay. so alec, essentially, what dutch was just saying, gm is revamped the portfolio, got a great product lineup. if europe is achilles heel, can they pull out is it politically too difficult? >> that's one of the biggest problems of europe, auto sales on pace to decline for the fifth consecutive time of the year and gm difficulty getting reductions of capacity. in fact, in germany they finally did get the acceptance to close a factory for the first time since world war ii and although they plan to close it they can't

until 2017 which is five years out. meaning that they'll continue to face losses over the next several years as the european downturn is expected to continue. in the first quarter, gm lost, although profitable here globally and in the u.s., they lost $3 billion in europe alone and as long as they deal with the over capacity problem, they take losses here. >> phil, they have to get back to $52, $53 a share for the government to be paid back. what do the people you're speaking to say it takes to get back to that level? >> several years. many years like they were last year. $7.6 billion last year. the most profitable year ever and didn't hear anybody say what's wrong with general motors? investor sentiment for auto stocks. ford is down roughly the same as general motors in the last year and people aren't saying what's wrong with ford? the issue is as long as general

motors has a stake owned by the government people are going to look at that share price and say, well, there you go. it is not $33 a share. therefore it's a fill your. that's all investor sentiment out there and not sure what it takes to change that but keep in mind they are coming off their most profitable year ever. >> it's a very good point you raise about ford and looking at the comparison charts here. gm up 3% year to date in terms of share price. ford down 10% year to date. alec, where do you think it's going for gl? >> you have to look at a long-term play. might be undervalued seeing so much negative news of europe. difficult to see where they're at in the long term and we have to consider they're looking at strong sales growth here in the u.s. strong sales growth in china where they have a really strong presence overall and although europe's going to continue to be a drag, they're profitable as phil pointed out. the best year in terms of profitability in 2011 and with portfolio and coming down the line and what's been released we

are bullish on gm tan prospects and sales and profitability. >> got it. phil, just before you go, i'm hearing high end car sales booming. maybe the convertible not so much but high end luxury cars are booming. >> a lot of demand. a little bit is pent-up demand, mandy. also, we are seeing a real expansion of the luxury automakers on the lower end. doing that for sometime. people are saying instead of the near luxury, just going full boat and go luxury. >> go luxury. if in doubt, go luxury. thanks so much for joining us, phil, as well. up next, herb is set to tell you how to navigate naistar's big 24 hours ahead. plus, tomorrow's big jobs number, across america. we found out where the jobs are and what towns are beating the odds in this economy. "street signs" is back in two. building pass, corporate card, verizon 4g lte phone.

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morning. plus, as you know, mortgage rates at record lows but it's rents skyrocketing. we'll look at what's keeping folks from buying in this buyer friendly market. that and a whole lot more. sue is here with me. we'll see you at the top of the hour. guys? >> okay. thanks very much for that, bill. herb, you're back on set. this is the disaster du jour. >> bargain fashion recato is whacked on poor same store sales. >> they're getting what? >> whacked! give them credit. they didn't just blame -- blame it on the weather or the economy or politics. they blamed all three. making matters worse, the company said it expects the volatility based on all three to continue. >> no one likes to hear that. down 10%. a little holiday week sunshine for you. we're taking you on a tripper it. trip adviser as a new high. the news in massachusetts in

company up 3%. now 1.8 and for the year, up nearly 90%. trip solidly outperformed the titan of the travel space which is, of course, priceline. now, tomorrow, banging the table about this. a really big day for navistar. maybe the most important day. >> maybe, yes. the most important day perhaps ever for navistar. tomorrow morning they plan to hold a premarket conference call to quote there discuss various operational matters. could be pretty much anything but given the company's mounting problems it better be something really good. consider over the last year, the navistar stock down 28%, 26 pstz in 6 months. let's go over some of the possible and i do stress possible scenarios. the first is the most widely expected. that navistar will scrap the controversial egr truck engine. this engine has not been able to get epa approval.

hit with costly warranty repairs. the second especially announcing the first would be a departure of the ceo. he's been the engine's chief promoter and defender. third would be some sort of asset sale as transitions to a new engine would occur and could be a joint venture with the hicks of cummuns but an analyst doesn't think that a joint venture is what the doctor ordered for the company's balance sheet. all of this comes at a very critical time for navistar at as its cash burden rises, the balance sheet deteriorates and the stock slumps. i have to tell you, the employees of the companies are just the ones really i think hurt so badly. so many of them. i hear from them in the e-mail. that's the gut-wrenching part of this story. >> what do you make of the time ing of a friday of a shortened holiday week opposed to monday of trading? negative or positive? >> the fact they're going to hold a call makes you think it's

positive. that's one thought process. i look and think why would you make any announcement on this kind of a day? we don't know. we don't know whochlt's making that decision? why would you have a decision, any announcement on this day? i would suspect it's significant stuff. >> okayment thanks so much, herb. let's get out to seema mody once again. deepfrog enterprises. the stock up better than 8% but hit with a downgrade to hold from buy. the firm downgrading the stock primarily on valuation reasons as it thinks that the current premium stock price fairly discounts the company's growth and it's off of its highs. back to you. >> thank you so much. coming up next, riding the recovery. we're going to take you across america and show you three towns that are hiring and feeling the hopium. plus, the heat wave turning a highway in wisconsin as an

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when it just gets too hot on the highway. the unrelentless heat wave causing this highway to buck until wisconsin. a suv hit the road and went flying, amazingly no one was hurt and crews mixed the problem. great video, too. well, tomorrow, we are going to find out june's unemployment rate and see whether the sluggish economy stalls at that kind of 8.2%. ahead of all that important jobs number we'll take you three cities of tn road to recover i. seeing unemployment drop faster than the national average. joining us from alabama is max reece, reporter. in miami, doug hanks from the miami herald. dee necessary ferguson to the cincinnati usa regional chamber. great to have you all with us. max, first of all, i understand that in alabama and birmingham, alabama, where you are, the change in unemployment is down 1.4% from may 2011 to may 2012. sounds great. is it translating in to

optimism? >> kind of. it's kind of a long answer. across the state. the unemployment rate has gone down. the state saw nine straight months of a zeep drop in unemployment and led to optimism. there's big jobs announcements. mercedes expanded here nearby. there's a new coal company moving in nearby. people feel very good about the economy. however, people have also left the workforce down here, mandy. so that has people more cautiously optimistic and hoping that things pick up over the next couple of months and maybe more. >> okay. so that's as you say sort of like a sweet and sour kind of story there. doug, what's going on in miami? the change there, unemployment dropped by 2% over the last year. is that optimism spreading out to the people? okay. i'm not hearing doug. >> not hearing me? >> we're having technical

difficulties. back to doug in a second. max, more. people are leaving or have been leaving the workforce in birmingham. what's the city doing to try to get people back to work? been le workforce in birmingham, what are they doing to get people back to work? >> it is a difficult situation right now, they have a bankruptcy hanging over their head. they are trying to settle that. they're trying to get people back to work. all of these companies have begun to come back in all over the state, really, it's very good, very positive news. the city is in a holding pattern recently because of that bankruptcy hanging over it's head. i'm going to get to doug now, i think the technical difficulties have been fixed, and you were answering about if the unemployment drop is translating

to optimism for consumers and businesses. >> i think they feel more under siege than they did in the unemployment crash. they don't pay as well as the white collar jobs. and that tells you something. >> i see here in your notes, construction, as you say, is not good, but there has been a frenzy of buying, so at some stage you think the demand buys up all of the supply, and there should be some translation. >> that's right and we're seeing a positive movement on the permit side, but there was such a overhang that even though we're back into another buyers market in terms of people snapping up homes at low, low prices, we're still seeing horrendous numbers for

construction hiring. a lot of that from the public sector. >> do you feel that people feel in miami that the bottom is in considering this is one of the ground cerros ser zeros? >> yes, and people are coming back into the market. foreign investors from latin america beat them in by about a year and a half and scooped up a ton of the bargains, but we're still at very depressed prices, and people are sensing they're probably not going down again unless you listen to the pessimist. >> let's hope it's a sustainable recovery. thank you doug, denise, in cincinnati where i understand the unemployment dropped by 1.5% and it is translating to optimism? >> yes, that's correct i think, and in cincinnati we're under

going a renaissance. the unemployment rate is dropping, we're creating jobs, and we're seeing that translate to high levels of spending. >> is it true you have wait lists for condos? we haven't seen wait lists in housing in a long time. >> we certainly do, we have incredible investment. we have invested, i believe, over 2.6 billion dollars. and we're seeing those pay you have with new restaurants and on beautiful new developments on our river front on the ohio and kentucky side. >> you know, one of the things that really gave me a lot of encouragement when reading about cincinnati, is that tourism is not just booming, but i think june was one of your best on

record. so me and the team got online and looked at some of the things you would do in cincinnati and you have a lot there. >> we do, today the world choir games are here. we will bring in a million visitors. it will be from about 60 countries around the world. >> best of luck continuing to attract the tourists from birmingham, miami, and cincinnati. ever wonder how much a woman really spends on clothes in her lifetime? the answer revealed, next. or simply choose another.

i have the rubber gloves out. check out the market internals for you. advances less than the declines. it is interesting if you look at the numbers, the dow, s&p, we're kind of flat. as for the nasdaq, advances are again, viewer than the decliners, unchanged 162. let's look at the nyse stats. new highed 230 as opposed to a measly 4. okay, call it closet catching.

women will spend $125,000 on clothes in her lifetime, and 60% of women complain they have nothing to wear. we'll buy 3100 items including 271 pairs of shoes. 145 bags, and only 14% of the bag say they have hid lg purchases from their partners. i do not believe that. everyone i know in the female world says nay go shopping and they put them in like a super market bag. >> it depends on who watching the bills at home, but it's such a sectionist comment. when i go in any store there is a huge men's department as well. >> would a man spend that much? >> is he buying suits?

what brand of men. >> what are you? >> it's whatever they get me. >> bargain basement? >> not at all. >> let's look at a 13% gain for netflix. you have something new for us. >> i got off set and i was thinking about this concept of hastings using facebook to talk about blowing away numbers, and it was a personal exchange he was having as he was complimenting another netflix team member. but the issue here, is what is regfd get involved. what can he say and what can't he say. it will be interesting if they're opening up something that we'll have to discuss more in the future as it relates to how companies disclose things. he uses a