all right? >> thank you. >> you stuck your landing there. it's great. i give you a 9.5. sue? >> i miss you, ty. "street signs" begins right now. indeed it does. hello, everybody. welcome to "street signs." brian is enjoying another day off. protecting your profits ahead of the big fed and ecb decisions is today and the big friday jobs report. is now the time to pocket last week's gains? is the nuclear age over? we're told that the nuclear is hard to justify, so what is the energy of the future if nuclear is getting nuked? plus ripping off the rich. you may want to think twice before you pay big bucks for that very expensive bottle of french wine. why americans are so fat, today is national cheesecake

day. we slice it up for you later on in the show. meantime, the markets. let's look at the stats for you. another monday, another down market. the dow seeing the ninth consecutive monday slump and if we hold right here it will be the first time the blue chips have seen nine straight losing mondays since 1973. yeah. 1973. well, small caps are also struggling to gain footing with the russell 2000 slipping in to the red and one big green arrow out there. what is it? it is the vx. spiking more than 6.5%. we have mary thompson filling in for bob today. rick santelli, as well. mary, set your match to it. it's a monday and might be in the red. >> we were wondering whether or not we'd break that in eight straight losing sessions for the mondays session. may not happen today. the markets or at least the dow

turned positive as energy stocks are getting a lift today from the highs that, seven-month highs which is trickling over in to natural gas stocks. but since that time, the market has turned lower. the dow turned lower. off 26 points. it is a wait and see market. there's just so much news up ahead this week. investors in wait and see mode, given we had a strong rally at the end of the last week and profit off the table. some traders noting that 1390 on the s&p an area some investors took a little profit and been down since then. a couple of stock that is we are watching. conagra on the news of buying unilever and also affirmed the 2012 gings uidance of earnings growth. dow off 23 points. back to you. >> thanks very much for that, mary. rick santelli, maybe we're bored with bonds. why don't we look at corn prices

which have been due to the drought at record highs and i understand that livestock producers are asking the epa for a waiver on the ethanol mandate. >> yes. a letter circulating on the trading floor. we trade livestock and corn and all the grains. and there's a petition for waiver, a partial waiver basically for the ethanol mandate. letter's addressed to the add min stray ort epa lisa jackson and signed by the national pork producers council and signed by many other entities in the food business and very compelling. in 2006, we used 4 billion gallons of ethanol add an additive. this year, it's 15.2 billion gallonss and changes in 2016. usda declared 26 states, 1,000 counties and 78% of the corn crop basically in a disaster mode.

so this is very interesting to monitor as the food side, of course, is getting dicey. the feed side, according to this letter, already beyond dicey. >> we have to watch for the outcome on that. thank you very much, rick. ben bernanke is kicking off a meeting. how should you position ahead of the fed? joining us now is ceo of principle global investors and peter toz. both of you great to have you with us. jim, you first of all. i mean, we are kind of joking of another monday and down day and i would imagine maybe it's a good thing that we have a bit of caution in the market. rallying again today going in to these two big meetings you would say that the markets are setting themselves up for potential disappointment. >> short term i would agree with that. i think that the statement by mario draghi last week that he was prepared to do whatever it takes to keep the euro in place is somewhat misinterpreted by the market because he didn't say to keep all investors whole and

not really a license just to take risk. i do happen to believe that they will keep the euro together but it's not impossible there will be losses for bondholders and rescheduling of debt so i think there's a danger that the market is expecting the ecb to go embarking on bond purchases, pure total full-on quantitative easing and i doubt if that's going to happen because of the political pressures. >> i indeed. i'm sure there's many in the market that want mario draghi to put the money where the mouth is. how would you be playing this week? >> i would be very cautious, as well. i just think there's too much uncertainty with each of those three data points to throw money at the market right now. >> do you think that qe3, not that i think there's a clear signal for that this week, would it be a policy mistake and send a negative signal that we have got that bad? >> i think that what qe3 would

do near term if they did it, i don't expect them to this week, but if they did, i think it would kind of juice the market and get a short term pop, a short term positive. but having said that, i think it would be a policy mistake because last time we had quantitative easing it pushed the dollar down and commodity prices up and more expensive oil prices and last thing that american business needs and i think qe could perversely slow the job creation and the economy. i don't think that slow job creation can be tackled of monetary means. >> how much do politics come in to this? whether or not qe3 is warranted right now is there an argument to pull the trigger earlier rather than later? >> well, yeah. yes, there is. historically, the fed has been reluctant to make moves right before the election. however, their number one --

number one and two goal is price stability and full employment. might mandate some action right now. as to what, i'm kind of in agreement with your other speaker in that i think they have -- they don't have much left to -- that they can do and i'm not sure it's a good idea to see more stimulus right now anyway. >> what is your read, peter, on the markets and the economy as we stand? there's negative and pessimistic sentiment out there but looking at the year to date changes, the nasdaq up about 14%. the dow and the s&p are up pretty well, as well. >> companies and the stock market are doing reasonably well but i think if you talk to the man on the street, the small businessman, even some of the largest business men, they're just facing as uncertain a world as they have seen in the last ten years. and reluctant to commit capital to new projects, reluctant to

hire new employees so you're seeing a stagnant economy and i think certainty about a lot of legislative issues, taxes next year, rules and regulations would be just as important in any quantitative easing as to actions that could get the economy going again next year. >> jim, that begs the question, how well can the u.s. stock market perform in what's a sluggish and potentially even more sluggish economy? i understand you're saying you should be buying any set back or pullback in u.s. equities. >> certainly. i would point out that although the u.s. economy is growing at maybe 2% per annum over the whole of 2012 and doesn't appear likely to grow much more than that in 2013, nevertheless, that is enough for american business to continue to do quite well. we have seen improved productivity. we have seen an export boom. we have seen manufacturing do well. that all supports a pretty good investment market for the equity

market. so i would stick with the equity market. >> in those sectors? things like manufacturing and technology? >> manufacturing, technology. those are really the areas that are doing particularly well. i think anything to do with the consumer is not doing so well because of sentiment. if you go back to policy, you know, you can't cure with monetary means a fiscal problem. the policy problem is actually in congress and the administration. they need to get together to do something about the fiscal cliff. sadly, they're not going to do that ahead of the election. >> jim, i'm going to pick up on what you said with consumers not doing so well. according to my stats, the consumer staple sector trading at the highest level at record. you're talking discretionary. >> i'm talking discretionary and the other thing of consumer staples is those companies the end to have a reliable cash flow and seeing bond yields as low as they are now, anything generating a reliable cash flow

is genuinely very valuable and makes sense this some of these very stable companies with a cash flow dependable have done really pretty well and totally rational with a ten-year bond yield. >> aull the defenses are done well this year. thank you for joining us, jim and peter. kayla? >> ohio-based atm maker, the company saying that today a shift in atm revenue of the smaller regional banks more promptible on atm fees for people like diebold, that revenue shifting to north american national accounts, weakening the outlook for the rest of the year and shares hurting from that down better than 8% today. >> thank you for that. we'll see you later on for that. up next on "street signs,". the real nuclear threat. one of the world's biggest industry players is saying

nuclear's best days could be in the rear-view mirror. going for your gold. the outrageous price that is vendors in london charging for everything from sodas to souvenirs. heading across the pond to talk the real cost of the olympic games. this is $100,000. we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. ttd#: 1-800-345-2550 let's talk about the cookie-cutter retirement advice ttd#: 1-800-345-2550 you get at some places. ttd#: 1-800-345-2550 they say you have to do this, have that, invest here

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check out nat gas.

rallying on warmer weather forecasts. as the u.s. continues to discover even more natural gas in the u.s., does this signal the end of the nuclear age? here in the united states. well, let's ask two guests. to both of you, great to have you on the show. is the nuclear age over? >> i think it is. even with the heat wave that we're seeing in the midwest, it's production of nuclear capacity is down and the reason is because the rivers get heated up by the heat wave and tough to cool cores. it's tough to cool the pools that keep the waste quiet and they have to reduce production when the heat wave comes on. at the moment when the grid needs the power the most in many ways the nuclear part of that grid is really kind of shutting down on it and that's really a

problem. all of the marginal power from the natural gas turbine and where the power is coming from. >> one of the arguments is economics don't add up for nuclear energy but, i mean, michael, nat gas isn't cheap forever. it's not cheap overseas. >> even if natural gas prices doubled from where they are today, nuclear -- new nuclear plants in the united states wouldn't make sense. it makes sense to run the ones you have built. building new nuclear plants is off the table for the indefinite future. overseas is a different story. any shael gas takes time to develop. exporting shale gas, the costs of transport are high and on top of that, governments overseas particularly in asia worried about secure supplies of electricity, worried of shipments disrupt went to diversify and they still seem to be interested in nuclear. >> do you agree with that, even

if, for example, looking shaky here in the united states je overseas the argument for nuclear energy is alive and well. >> in terms of nuclear in china, but because the coal is hurt so badly, the chinese go to importing more of the coal to take place the expensive projecting of new nuclear plants in china so i think coal will take the place of nuclear even in china. that's the trend going forward. less and less nuclear power from china and india. >> what are the implications of the stock plays here in terms of those related to nuclear energy and coal and really beat up and those related to natural gas, as sfwhel. >> i trade lots of stocks but the stocks not trading on natural gas stocks. those i'm holding because i think it's a bottom in fact market that 3.20 the price of today is still unbelievably cheap compared to where it can go. spikes of 2005, 2007.

we saw $11 of mcf and $14 of mcf. 3.20 is still very, very cheap. those stocks in the natural gas space, those are the ones i'm holding. >> michael, we have a n adonbune of natural gas. do you think america will be an exporter? >> i think we'll see some natural gas exports but not expecting a huge flood of exports. that's pieces to line up for exports to work. prices here will go up. i think we have heard that and that's right. prices overseas probably come down a bit and then add on to that $5, $6 to ship 1,000 cubic feet of natural gas to liquefy and ship it overseas and tough equation to hold on. to with 20-year bets for that and for someone for financing for that, i think we see as much as 10% of u.s. production being exported but i'm not sure to see

somethingrevolutionary. >> talking of risks, it's ee's fukuishima. >> more protests of japan on a daily basis. any time anybody in the parliament brings up nuclear power, there's protests on the street that's amazing and continues to be a trend. >> nothing to happen in the u.s., the u.s. would not ever pull out of nuclear energy because of the safety risks? >> i think some of the newer plants in a better case to take care of the risks particularly with electricity to keep the cooling pools going in terms of keep them going for days opposed to hours which was the problem. >> michael, you wanted to jump in on there? >> look. i don't see the united states going and shutting down a lot of its nuclear plants. we'll use the abundant natural gas to displace coal. i think the debate only flares back up in the united states to decide to get serious about climate change and the emissions of power sector. at that point, nuclear's the

biggest carbon free source. we have to take another look at it and then the fighting over the safety risks it poses. >> thank you so much for joining us. interesting discussion. a quick note for you. ge is a minority owner of nbc universal, the parent company of y thbs. just ahead, $4 for a coke. 15 bucks for fish and chips. the real cost of the olympics coming your way next. and then from price gouging to ripping off the rich, how criminals target high end wine collectors with pretty much sour grapes. "street signs" is back after this break. every powerful con is backed by an equally powerful and secure cloud. that cloud is in the network, so it can deliver all the power of the network itself. bringing people together to develop the best ideas -- and providing the apps and computing power to make new ideas real. it's the cloud from at&t. with new ways to work together, business works better.

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welcome back to "street signs." we're watching shares of stocks in the mattress industry. key industry data saying that unit shipments rose just .5 of 1% in june. that's a major deceleration of the may sales growth rate which is 11.2% but noting that even with the lower growth rate it's still one of the higher growth areas in the industry. you can see that shares are all down on that news.

mandy? >> where's herb when you need him? tempur-pedic a stock he often talks about. london olympics most pensive ever. the cost footed by the game's global sponsors. here's a look at how some of them are doing so far this year. you've got a number of them up there. coca-cola up by just over 13%. ge, omega. you can read them. mcdonald's, however, down. there are a lot of hidden korss, as well, from a bottle of coke to a taxi ride across town. we have a look at the real cost of the olympic games. >> reporter: you know, the cost of flights and hotels is one thing but the real sticker shock comes when you get in to the games. take just the cost of lunch, for example. this fish and chips, the british classic will set you back about 8 pounds. the same for the pie and mash. of course, when it comes to drinks, all of this is sponsors. it's coca-cola, only option.

this sets you back 2 pounds 30. vitamin water, also owned by coke, 3 pounds for this one. a beer, this sets you back more than 4 pounds and even for some of the cheaper things on the menu like the crisps, talking 1 pound 50. you have to factor in the exchange rate, of course, making the price even more than what you might just see listed on the menu. far souvenir of the games, this t-shirt, for example, 25 pounds. that will set you almost $40. the same thing for this water bottle. 14 pounds. almost $22 when you take that exchange rate in to account. it's an expensive trip for any visitor. it's also expensive for the british who are expected to make up about 80% of the visitors here and on an average income of 460 pounds a week, an outing not everyone can afford. back to you, mandy. >> fortunately, only once every four years. thank you very much. meantime, let's add a dose of

sunshine. dr. pepper snapple group with a record high today. pulled back a little bit today. but nonetheless, the maker of soft drink is up more than 75% since its spinoff of 2008. but the bears are all over jcpenney again today. that stock down 5%. analyst said do not be fooled by last week's big blitz by the struggling retailer. he said the stores are still a mess and in trouble. he said the floor stores look cluttered and didn't have enough inventory for basics in home and clothing categories. that stock is down nearly 30%. year to date. tomorrow hearing from the ceo ron johnson. courtney is sitting down with him in a first on cnbc interview and questions to be asking him. tune in. that's tomorrow. again, going to be done by our very own courtney.

next, g b go home. why investors pile in to large caps. a very big edition of "street talk" is coming your way. and then, we have a sad sign of the times today. why it's the end of an era for one rhode island town. "street signs" is back in two. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person,

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well, on this monday we have a very big all-big cap edition of "street talk" with kayla. >> do you mind? >> thank you for stepping in for us. coca-cola trading higher today. >> it is. keep in mind after the stock split is effective on friday. the investors to get in ahead of the split did it. now they have a cleaning operating structure. i think they like the story. the key is international segment. investors think they can be

inquisitive there. more growth in emerging markets. >> is it true americans are reducing the soft drink consumption? >> i'm certainly not. >> okay. let's look at walmart. this is also hitting record highs and amazed that this is the one stock hit by a bribery scandal in the last year and hits high after high after high. >> not just now either. you looked at the stock a month after the scandal broke and recovered the gains. what we are seeing in the announcement of the new board member is the fact that a lot of shareholders rose -- they raised issues about corporate governance because of the control at walmart. you can't do much. this is an olive branch. >> up 41% over the past year. another company hitting another high is visa. official credit of the olympic games, by the way. there's been a little bit of a problem over the weekend. hasn't there with visa? >> there has. i don't know how much it really

affects visa as a company. of course, what happened was wembley stadium in london, the credit card machines were down. visa saying this is a problem with the stadium and processing and not with visa. i think the reason why year to date up nearly 30%, there's a big litigation settlement that came out and ended up paying about $4.1 billion. investors thought it was higher and buying back stock. >> you can imagine it's like a he said/she said. it's wembley, no visa. >> as long as it doesn't happen again. >> shares of at&t on the move. increasing the stock repurchase program by -- >> 11 billion dollars. that's a chunk of change and i think that at&t is very introspective of what it's doing. selling off of the underperforming businesses and rewarding shareholders with a buyback. they wanted this after the deal

fell through the t-mobile deal that fell through last year. and now they're finally able to give it to them. >> i want to talk about ebay, as well. this is a stock once left for dead and really back, it's feeling revitalized. stock is up over the past year. what is your take? >> my take is the weakness in ebay is due to flash sale sites like guilt and amazon not a flash sale site but one of the e mers leaders and the fact that ebay, who goes to ebay to bid in an auction anymore is that's a dead concept. but growing paypal to build out the app one out only places where consumers feel safe trance acting and that's going to be key as more people are purchasing things via smartphones. >> i have a fantastic little stat for the viewers. woman's handbag purchased on ebay mobile every 30 second. >> i just purchased one a minute ago. no, i didn't. >> i would like to.

thanks so much for stepping in today. >> thank you. stocks sitting fairly flat today. the next guest says investors driving those wall street buys may be feeling the blues and those somewhat miserable moods are mere to stay. let's explain with president of the financial insights. peter, good to have you on the show. you have an interesting theory going on saying we have potentially reached the end of the me here and now consumerism. can you explain that for us and what it means for stock investors? >> sure. what i found, mandy, as i was writing my book "moods and markets" was in bull markets you have a us everywhere forever phenomenon and in bear markets is a strong preference of things that tie to me, here now. you would see companies like green mountain with their k-cups, perfect me here now solution. soda stream. you know, facebook. nothing says me, here, now like

facebook. and what you have seen over the last several years is this increased acceleration in interest in to all things me, here, now. and like every other phenomenon, it feels to me like we have reached a point where all of those stocks are in a series of bubble that is are ending. you know, apple. with all of their i products. >> so you're saying apple is reaching its end? >> i think apple did an extraordinary job of matching all of its products, you know, ipod, iphone, itouch, you know, everything matched me. this incredible self interest, self orienting that goes along with a bear market. and i -- it's not ultimately sustainable. what you've started to see is and you just talked about it companies like walmart, walmart is not a us everywhere forever stock. walmart is to me a much more

grim view, a more gloomy view of what's happening in the consumer in the fact it is now taking off where other stocks are turning down. says to me that the me, here, now bubble in stocks has come to an end and what we're now going to see are, you know, much more recession if not depression mode setting in. certainly that's what we're seeing in europe already. >> give us an example of what kind of stocks you expect to see reemerging or emerging under your theory. >> i think that it's at this point a relative performance game. so it's not an absolute. i think, you know, we have either reached or soon to reach the highs in the market. because the us everywhere phenomenon has crested and is now receding. so what you're now going to look at are very low end, defensive stocks outperforming certainly

the facebooks of the world but also my big worry are companies like the trance nationals. >> right. >> the coca-colas, the ges of the world where their business model is not at all consistent with what we're seeing in terms of localism, nationalism. >> peter? >> yes. >> getting the macroeconomic picture behind the stocks, if you're saying the low end defensive stocks outperform now, do you see a double dip in the economy? are you looking at a recession heren the economy in the states? >> i don't think from a confidence point of view we had that lift that the equity market did. certainly, if you look at the various confidence indicators, they have not seen any real renaissance or recovery since 2000. it's been 12 years of significant decline. and to me what you're now reaching is a point of consumer exhaustion. >> what are the implication for

housing stocks? >> i think where housing has recovered is the me, here, now phenomenon of rental and this assumption that homeowners will want to rent versus own. and i believe that that phenomenon has now reached a point of saturation. and when i talk to people in real estate, they look at me like with two heads because i believe we could now see a phenomenon where home prices and home rents decline concurrently. something that the people in the rental industry say is not a possibility. >> so the all about me trade ending. doesn't necessarily sound good for the economy but an interesting theory and thank you very much for explaining it to us. >> thanks very much. >> thanks, peter. let's get to bertha coombs at the nymex. >> the hot weather is having a huge impact on commodities. looking at nat gas today, last week we saw the commitment of traders extend to the net long

position and, boy, they went long today with the forecast calling for more hot weather, more hot and dry weather in the midwest and the prospect of a new storm system forming out in the atlantic, natural gas moving up closing near the highs of the session. gasoline was the standout in the oil and products. overall oil and products kind of flat on the day. nat gasoline on the august contract getting an outside move on short covering ahead of the expiration tomorrow and supported by some regional refinery outages. in fact, in the midwest, you saw a big move up in spot gasoline prices because some retine ri outages. look at ethanol. we have a crop report coming up this afternoon. we have seen the pressure on corn. also been moving ethanol prices higher. mandy, while it's not impacting gasoline prices tremendously at this point, you do have a lot of livestock producers calling for some sort of reprieve on ethanol. in order to free up corn stocks

for their animals. >> absolutely. something rick santelli was talking about, as well. big issue. thank you for joining us, bertha. next, an unbelievable look of criminals targeting wine lovers. they're willing to spend thousands on vintage but do they really know when's inside those bottles? ripping off the rich is coming up next. and tomorrow on "street signs" the ceo of one of the major battleground stocks herbalife michael johnson is joining us life in an exclusive interview at 2:30 p.m. here on cnbc. mamama

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td ameritrade. proud sponsor of the 2012 u.s. olympic team. i'm bill griffith. coming up at the top of the hour, not even the growing european debt crisis causes eu leaders to forego their vacation. we'll look at that ir. also, rumors of a mini ipad. is apple straying too far away from steve jobs' vision? what do you do about that as an investor? more and more companies offering employees unlimited vacations. yes, you heard me right. unlimited vacations. but we'll hear from one person

who says that employees are lucky to have a job. they shouldn't be given any vacation time. that would never wash around here. right? sue is with me here at the new york stock exchange. see you at the top of the hour. kayla, back to you. >> thank you, bill. i would like some unlimited vacation time. meantime, we are talking abercrombie. shared down nearly 4% on the back of morgan stanley cutting the eps estimate and now putting the profit view 15% below checks. elevated clearance vintd levels. we'll see what that comes out at with a thursday sales report for abercrombie & fitch. the level about 35.35 for the shares. mandy? >> thank you so much. the super rich's love for collectibles has spawned a booming crime wave. the fbi said there's high black market demand for the nation's most valuable trshls with losses

up to $6 billion annually. cnbc.com has a great slide show with some of the most wanted stolen items. check it out. cnbc.com. criminals are also targeting high end wine collectors, selling cheap wine in seemingly expensive bottles aenlg making millions. one of the many stories features in "ripping off the rich" tonight on cnbc and scott is here to tell us more. "ripping off the rich." tip of the iceberg. >> people trying to rip off the rich. an increasing number of wealthy collectors buying bottles of trophy wines and even the most educated connoisseur can get duped. we asked the president of sotheby's wine in the u.s. to demonstrate how to spot a fake. with one photo copied label, a counterfeiter made $10,000. these bottles look similar. richie knows how to spot a fake.

>> the labels are genuine. they have taken two labels off of a bottles and put them on these bottles. these bottles will from a lesser expensive italian brand. it's always meant to have a pink cap. >> there's no way with looking at the amateur person looking at a bottle like that to know. and it turns out that even some of the world's biggest and most serious collectors have been duped. i don't know if all of you guys have read this book, "billionaires vinegar." i don't know if you're familiar with it. it's a great read. ben wallace there. documents the 1787 alleged bottles of bordeaux supposedly owned by thomas jefferson bought at auction by one of the world's biggest collectors of $156,000 and turns out they were fakes. >> ouch. >> even he didn't know, a guy

with thousands of bottles of of the world's greatest wines in the cellar couldn't spot a fake. he was duped. >> you can tell by the taste. you'd know whether it's four buck -- >> could they tell? probably. however it's not like the guy that duped these people is filling a bottle with junk wine. he's taking let's say, okay, it's not a 1787, it's a 1924. okay? so it's still a characteristics. >> high quality. >> of the great wine. but it's not $156,000 a bottle. >> what are the other great stories out there in terms of alleged or confirmed perpetrators of high level fraud in the wine business? >> the guy that -- >> that's the guy -- >> the collector over in germany, i believe, who would have the very elaborate wine dinners. he would invite the biggest collectors in the world to taste all these great wines. there was one of the guys from

one of the main auction houses would show up at the dinners, as well. vouch for the wine, too. this guy was duping everybody. >> we have to tune in tonight for more. that's a great tease. >> also document people who have had big art collections ripped off, as well. whether it's warhols or picassos or what have you here. >> here on cnbc. "street signs squts celebrating another made-up holiday. who cares? i like it. later on, calling in the big guns to battle crime on the internet. meet the tough new face of cyber security as a special investigations, inc. reports. e-d on the simple belief that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate

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stock to watch is cheesecake factory. okay. the stock may be a little down today but it is still up 16% over the last year. here's the real reason we are showing it to you. you know we love the made-up holidays. today, yes, it is national cheesecake day. cheesecake factory is celebrating by giving everyone half off slices of their cheesecake today. go and get yours. enjoy. okay. let's find out what is going on with the markets. over an hour left in the session. mike shea managing director at

direct access hot list. i noticed the dow turned very slightly positive. in which case without it break its now almost nine consecutive weeks of closing in the red. >> it looks that way. we have a little bit of a ways to go. this is one of those trading days that every once in a while you get on a monday where nothing really bad happened over the weekend that might have somehow counteracted tall good stuff we had last thursday and friday. and because of that, we also didn't have a whole lot of interesting earnings this morning. so we have a lot of people watching the olympics today, i think. >> feels like it. feels like everyone is off today. going into the big decisions, the fed, stakes may be high for the ecb this week and the fed and the big jobs support. how do you think we are going to trade? what would you be doing? >> you know, i -- i think today is that rest day. the rest of the week gets a lot more interesting. we get interesting earnings

numbers. we get a lot of numbers out of refiners which ought to be -- you know, that will be interesting because that sector has done very, very well since the beginning of june. and it would be interesting to see what they say going forward into the end of the year. we have a lot of interesting economic numbers obviously the ones friday but, you know, also ism numbers, manufacturing and nonmanufacturing, i actually think this will be a pretty interesting week to raid. >> do you think there will be rotations defensive sectors like utilities, telecoms, consumers, staples, some are at highs at the moment. is there an argument to start rotating out of them to take profits and go for something a bit more aggressive? are we just not there yet in terms of the economic number zblst you know, it is interesting. you and i were talking about this very thing. maybe would weeks ago. and it was all about getting into those defensive names because we had so much uncertainty in europe, slowdowns and china. potential earnings slowdowns.

not necessarily the earnings but more sales numbers and revenue numbers. i -- i would be reluctant to take that tradeoff just yet. that's me personally. simply because we haven't gotten enough of those sales and revenue forecasts out of u.s. companies during earnings season. >> got it. just keep a little defense on the side. thank you so much, mike. the cincinnati is scheduled to vote on a big cyber security bill this week in washington while capitol hill seems divided on tissue. there is one thing both parties can agree on. protecting the electronic data has become business. a story of how one small company is trying to cash in a big way. >> that's right. recent seem tud write found mor than 40% organizations say it lies in their organization. companies are spending $1.1 trillion a year to manage all of that data. that means big business opportunities important small

security consulting companies, a north carolina firm that is shifting from old-line defense contracting into the cyberspace. >> eyes and ears. >> five years ago this was the focus of tiger swan's business. working as a government contractor in places like iraq and helping train military and law enforcement personnel. a growing threat to corporate america created a new opportunity. >> this is going to be our 24/7 cyber center. >> reporter: former delta force lieutenant colonel james reese, the company's ceo and founder, took advantage of it. >> last two years, we have moved almost 50% of our business away from federal government work towards the corporate world and a lot of that has now push flood cyber. >> reporter: the company is small. about 250 employees worldwide. their approach is different. clients pay them to break into their systems. reese and his partner used the tactics they learn medical the

special forces to guide their team of cyber experts. it is an example of how small companies are driving the evolution of the cyber security space. >> given that as an industry we are dealing with an active opponent. you always see, you know, small companies being created that innovate around the new frontiers. >> reporter: but the industry may have a hard time keeping up. new study says companies now handle 2.2 zata bytes of data global. if each byte 'twas size after grain of sand, 2.2 could cover the earth 300 times. and the cost of protecting all that d has become big business for growing companies like tiger swan. >> financially, it probably pushed us up 25%. we are really enjoying the growth. >> companies like tiger swan could benefit if the cincinnati pass it is cyber security bill this week because without it put in place a voluntary program

that would help companies step up to a federal standard of cyber security but the back story on that is that the u.s. chamber of commerce has been resisting this bill favoring two alternatives saying that this particular bill puts burdensome regulations on american companies. >> sounds like there's still sticking points. that begs the question as to how much of a likelihood sit the bill will get through this week. >> we don't know. there's opposition on the right from -- entities like the chamber of commerce and on the left from privacy advocates that worrisome of the information sharing details in this bill are really a way for american companies to turn over more information to american intelligence agencies. so those two critics could gang up on this bill. we have to wait and see how it fares. >> indeed. thank you. a store that's nearly as old as america is no more. sad sign of the times. ttd#: 1-800-345-2550

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geico, see how much you could save. as the world around it. with the available lexus enform app suite, you can use opentable to make restaurant reservations. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. a 224-year-old store is no more. it closed for good yesterday. gray's general store opened in 1778 and believed to be the oldest operating general store in america. the store was passed down from generation to generation but the man who inherited it says a supermarket down the street siphoned away business. very sad. thank you so much for joining us this monday. we are going to see you tomorrow. brian will be back as well. "closing bel