range conclusively, nvidia is worth putting a small bet. >> so that will do it for this edition of "power lunch." >> indeed it will. we will see whether or not this market rally holds until the close. the s&p is very important te technically. we'll follow it throughout the day. "street signs" begins now. welcome to "street signs," we have been saying for a year things are getting better. today, standout market stats to prove it. are you crazy to fight the tape or stopped, officially tapped out? are americans coming down too hard on foreign banks? standard charter shares plunged today and some now wonder if america is out for foreign bank blood, plus the stunning story of a san diego town paying loan shark rates for a loan. mandy how 1 wh00 million bucks l cost taxpayers, a billion bucks.

>> and today's average puts us within shouting distance of 4 1/2 year highs if the dow can get past 13,279, it would achieve the highest close since december of 2007. the s&p 500 is taking aim at 1419, trying to match its highest close since january of '08, both came before the financial crisis that trashed portfolios around the world. the nasdaq not quite there either but is aiming for a loftier goal, 800 points away from what would be the highest november of the year 2000. brian, we've done our math. >> we have. with me, mandy, everything is within shouting distance. a good day and good year. if you have not been paying attention, there are some really heady stats on stocks. if you look at a five year chart of the s&p 500, mandy has talked about the dow, we hit our high in october of 2007 at 1565. we bottomed out at the ominous

666 back in march of 2009. since that time, the s&p 500 has more than doubled. we are up 106% off the low. look at these staggering stats for this year alone. there were as of this morning, 69 stocks of the sep up more than 25%. 10 stocks up more than 50% and one stock has more than doubled just since january. that name in just a second. who has been the best? let's count backwards, right? the gap, believe it or not, is up 84% this year, sprint the second best performer on the s&p 500, up 85%. that name i talked about, the double, that is expedia.com, up 104%. mandy, not every dog has its day. the ugly dog of the year in the s&p 500 goes to radio shack. it is down 71%.

>> i'm not going to say who's pick that was. >> that's our ugly dog. >> radio shack aside and ugly dog aside, has radio shack moved too fast? and ceo of brook stone capital, thank you for joining us here on "street signs." i want to ask you, bob pisani asked is this possibly the most hated rally in history, the s&p 500 up 30% year-to-date and yet there's so much pessimism out there and people nay saying this rally. do you agree? >> i do agree. we have had a lot of pessimism. you ask the average investor, they would say flat, up a little bit, down a little bit. few investors are truly participating, volumes tepid. what you said on the onset of the show is right. the domestic market is still getting better and stocks are headed higher. >> is it because people have not

participated and will get in too late and do we still have substantial gains ahead of us and make it an unbelievable good year if we could head higher this year. >> i do think we're headed higher. i don't believe there are unbelievable gains going into an election year and fiscal cliff. the average investor has been hiding out in bonds and it will not last forever and they should look at equities. >> one of the themes here is foreign capital will move to the united states as the rest of the world moves through their problems. are you seeing that? >> we're not seeing that at brook stone capital. we have a good pulse on what main street is looking for, frankly. with negative real rates of returns, interest rates zero and inflation 3%, there are opportunities for investors besides staying on the sidelines with cash. there are other opportunities to

participate. >>. >> they're not in the markets. bonds aren't returning much. gold is flat for the better part of the year. what are people doing with their money? >> we believe in being paid to wait. certain high yield bonds and floating rate funds that allow us to get paid to wait and we believe it will stay low for at least a year given what the fed has told us. we believe in getting paid to wait with uncertainty being a real problem taking risks. that's exactly the position we're facing right now with the election coming up and fiscal cliff, upcenter is the biggest drag on those looking to take more risk. >> uncertainty the biggest buzz word of the year. what we have seen is a mark of increasing optimism in the market. this month so far, dividend players defensive taking a back seat. growth cyclical sectors. we have mortgage a place you would still like to be.

that's like a dividend player, isn't it? >> they definitely are. stocks have performed mightily this year, had a great three months and may get little ahead. these are still paying mid-double digit yields, the environment is good for them. a mid-interest rate environment is not terrible. if you have a rapid raising interest rate environment, that might be tough. i don't see that. i see the tepid growth and we are still comfortable with these rates. >> you say you get paid to wait. i know it's hard to time perfectly. we have more than doubled our bottoms. people may have waited through one of the better rallies in the last five to 10 years. >> we still think we're in the to rows throws of a secular bear market. we had a bull rally the last couple of years. our positioning and research tells us we're in the throws of a longer bear market cycle still so we don't think you missed out

on that opportunity. you can get paid to wait with less risky type investment like some bonds we talked about here. let's not kid ourselves. there are tremendous headwinds facing us, the fiscal cliff being one of them. we don't think we've entered a brand new raging bull market alla 1982, we still think we're in the middle of a secular bear cycle. >> thanks. >> despite our big run, there's still plenty of reasons to be nervous, including this. ceo confidence is on the wane, according to the latest young president's organization that measures the sentiment of the ypo, 20,000 chief executives. here to break down the results first is alan, founding partner of investment firm luminous capital. what is causing the drop in ceo confidenc confidence. >> mandy said it, uncertainty is the buzz word of the year. ceos of america are looking at

the fiscal cliff and they're very worried. you look at the ceo survey, a leading indicator, realtime interviews with 2,000 ceos globally, almost 2,000 in the u.s. all say the same thing. uncertainty in the regulatory environment and unenter about tax rates. even though i feel good about my business, i'm uncertain about the future and don't know what tax rates are about. i will slow down my hiring and not invest as much in my inventories oracle equipment or software. i will peel back and this is exactly the fear politicians and bankers have. uncertainty stops activity. >> what else do they want to happen beyond any fiscal cliff to get confidence back. >> ceos need two things, credible and actionable activity not just from the central bankers or politicians. not a democrat or republican issue, a centrist issue.

what we need is center. if i have a car, i can drive it to a certain destination. if i don't have a hap, i don't know where i anticipate driving without a map. >> bowl simpsons was an example of what can be done. what ceos know and all of america knows is simple. we will see a default. not on our debt but default on social contracts. we cannot delivery health care and retirement and social security like we promised. it will be political steps to remove some of those entitlements that will get us back onto a playing field. >> alan, if they're waiting on washington, they can wait for whoever they want. at what point do ceos just run their business, forget washington d.c. if i'm lost in the woods, if i wait long enough, i might get found but i might starve to death. at some point you have to start walking. why don't we kick it in gear and ignore d.c.? >> brian, i've already done that. that's the whole point. when the economy fell in

twooigttwooigt 2008-09, i took advantage of the low interest rates and balanced my sheet and uncomfortable hiring anyone else because i don't know if that's a profitable position or not. you think of it this way. if i was a business -- >> looks like -- >> sorry. we lost you there for a second, alan. we had a couple of technical difficulties, thank you for joining us. >> for more on the global post and ceo confidence, head over to cnbc.com -- not right now, when the show is over. >> what have you got? >> prices have stabilized over much of the country. sanford bernstein says take a look at several regional banks. one is suntrust and the other is bb&t. suntrust doing much better on the day. back to you. >> thank you. on deck, a housing hat trick. three signs the real estate market is bouncing off the bottom, which it truly is, chief

economists. >> the worst loan ever. details of a really shocking story involving loan sharks and school kids and how one california town plans to fund its future. do not go away. every powerful collaboration 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. ♪

home builders certainly stocks to watch in today's market. pulte group up over 80%.

good year for the home builders. >> and out with the latest report today, says the asking price for homes have increased for six straight months. we've been telling you housing has been turning the corner. is this rebound for real? let's ask the xhooef economi-- economist we have here. the housing prices we are seeing now is for the right reasons, right? >> that's right. today we released our monthly truly price monitor and truly rent monitor an indicator where prices are going. we found for the first time, it's margaret fundamentals driving the prices we're seeing. markets with lower vacancy rates and stronger job growth that are seeing the biggest price increases. >> interesting to see mortgage rates move up. we are seeing yields move up and potentially mortgage rates move up and that could happen if we get on a better economic footing. is that something that could kill this po essential rebound

or will other things override that. >> when you are refinancing, it's the mortgage rate that really all that matters. the position to buy a home depends not only on the mortgage rate but whether you can afford a down payment and afford a mortgage and most important what your job prospects are. higher mortgage rates will hurt refinancing but shouldn't impact refinancings. >> is it's easier to get a loan than a year ago? >> we heard it hasn't changed that much but are seeing stronger demands for mortgages partly because of lower rates and refinancing but with job growth, stronger for refinancing. >> how much would we have gone up if we backed out foreclosures ich dragged the price changes down. >> prices would have gone up almost 3% year-over-year if we excluded foreclosures. foreclosure is still holding back national price increases,

especially in some markets there there is a big share of homes on the market. >> interestingly we have seen prices moving up but rents going even faster. >> rents are up more than 5% year-over-year. with rents rising faster than prices are rising, for people who can qualify for a mortgage, homes are getting more affordable than renting is. >> if the job market takes off, what's going to happen to housing? >> if the job market takes off, that will help people save more for a down payment and eventually qualify for a mortgage. that will help homeownership. that takes some time. when people get a job, the first thing they do is not buy a home. they might rent, might upgrade their rental. you need a lot of security about your job prospects before you buy a home. >> the survey this morning was positive, u.s. employers posting the most job openings in four years in the month of june and hopefully turns into job hiringings. narrow down where we are seeing the highest job increases in

terms of markets or cities? >> most recently, the big surprise is las vegas. we are seeing quarter over quarter price increases in las vegas and that was slower to recover. earlier we saw increases in miami with investment from foreigners. las vegas is seeing strong job growth and lowervy can'tcy growth. >> if jed colco was going to buy a home as an investment, where would you buy it? >> there are several great places to buy a home. places where i expect prices to rise long term, growth should be strong. texas is a good place, the carolinas, long term job growth. >> thank you. >> thank you for having me. >> good luck with your investment property. >> in texas or north carolina. >> let's go to rick santelli and get his take on housing. you have rents up, home prices up, everything's fine. >> well, everything is fine.

i'll give you a couple of my observations. i spent the last 45 minutes getting ready for this. i notice on trulia's price monitor, you can't see the chart, i apologize. march of this year, the read was higher than it is now. there's not a lot of history. they just started the rent index this year. a, not enough history and b, the highest level on the charts and it's july. if i go to my midas shop, they always find a problem with my pipes. these two entities are in a business that would behoove them to be more optimistic than pessimistic about housing. i agree on the rent side. that makes perfect sense. on the other side, there's so many issues none of the research addresses, you talked about one, foreclosures, and doesn't include all the foreclosures banks have been hiding. read some of the cleveland judges that had have comments.

on foreclosures and maybe last but not least, i am very bullish on the new homes market, which some of your home builders demonstrate. but that is a far cry from saying that everything in the entire housing sector is healing. >> i assume if you're listening to rick, do you have a response to him? >> i think the question of foreclosures is very important. foreclosures in fact are one off the reasons why we might see prices stop increasing or decline in some markets. right now, it looks pretty localized. there's a big hangover of foreclosures yet to come onto the market in florida, new york, new jersey and illinois, places where the foreclosure market has taken a long time and a lot of homes stuck in foreclosure. in other states hit hardest during the crisis and who are now seeing price increases like california, arizona and nevada, most of the foreclosures have been taking care of already,

most of that foreclosure wave is behind them in those states. in those states, we're likely to continue to see prices rising especially because vacancies one of the fundamental measures of supply versus demand are falling in all of those places. >> thank you very much. rick, thank you for your thoughts as well. rick should stay tuned because we will have a story about a california town that has seemed to have learned nothing from the financial crisis. we can call this story when a $100 million loan leaves taxpayers on the hook for a billion. and turning very ugly, when we return. disaster du jour. consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments.

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hit because there was a very negative report raising questions about its business in china. you have to understand, multilevel companies like new skin, when they do business in china can't do it as a multilevel marketing company. they have to do it in a different way. according to the citron report, they're not doing it, i want to make it clear, not doing it the way that would make it legal in china. a long report. they raised a lot of questions about it. the stock got hit -- >> but i just got a response from new skin literally right now. >> what do they say? i'd like to know. long response. they sent brian the response. this is about 20, 30, 40 minutes later, an hour after they held a conference call. it wasn't just a conference call for everyone, a conference call for clients of deutche bank. that was actually an issue. it was a less than 20 minute report, conference call for less

than 20 minutes, they took one question from one investor, otherwise it was the analyst talking. effectively what the company said, they're not doing anything wrong. >> mind you, if they are doing anything wrong in violation of those so-called pyramid schemes. okay. respond. >> response from new skin. we are confident -- this is the response from new skin i'm just getting right now. we're confident our china operations are in compliance with applicable regulations with china. they have an eight years history, so-and-so. they say their model is different in china. they have retail stores that employee salesforce and supplement that with sales opportunity, they call it, in those locations where we have obtained a direct selling license and educate them to follow all the rules. they're saying the report is wrong. we have retail stores and obtain licenses. >> the company has said in the past they will try to make short sellers a s very uncomfortable.

citron research has a history of going after chinese companies and a fairly successful history. they're not always right and they're very aggressive and not afraid to go out and make a strong statement. >> to give background by investors would be nervous, if they were no longer allowed to operate in mainland china or hong kong, the second quarter jumps thanks to demand for anti-aging creams from china and other aging nations. >> china is the growth area including herbal life. the difference is 7% from herbal life and no one mentioned them in this respect but 7% of reinforce but the growth -- of revenues but the growth is a fast growing part. >> it really is for this type of company. >> wide open market. >> thanks. time for sunshine deep in the heart of texas. check out this, based in texas,

a specialist retailer, sale home retails and mattresses and have stores in louisiana and oklahoma, conn's stock is up over 13%, strong earnings year-to-date. shares up over 30 years, a long time bull name. >> still to come, are american regulators going overboard going after big foreign banks? we'll debate. why "50 shades of grey" is likely to boost things. because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something.

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welcome back to "street signs," everybody. time for street talk. we will start with fossil. this is the watch indicator, isn't it? >> it is. i thought you were going to say the shares aren't extinct. >> i was going to say something like that but thought i would get crucified. let's look at the catch indicator. >> they're very solid. the watch indicator. sales jumped 1.3% year-over-year today putting that stock firmly in the black for the year.

over one year is down, for year-to-date, it is up. beating estimates, solid numbers. >> what i think is popular, they said asian demand is growing. how many times have we heard u.s. companies say things are okay here, things are slowing down in china, asia and europe. they are saying asian demand is actually growing. let's go to broad soft currently moving up so not broadly soft at all, very strong. >> strong soft. this is broad soft. i never heard of the company. they're in the cloud. who isn't. the cloud is business these days. they do communication software. if you want text messages on your landline, they do stuff like that. a 12% earnings beat. license revenues up better than expected. stocks up 46% in just one month. >> i want to move on to a luxury

end retailer, they do more than just bags. it's doing great in the current environment. >> talk about haves and have-nots. their stuff fairly pricey. >> wife bags 400ed and man bags. >> net sales jumped 21%, gross profit was up. the ceo said they're ending a lot of promotions. they don't need to discount to move their items. gross margins have gone up. i think of them in a luggage company. only 20% of their sales are luggage. they have sales and sunglasses. >> man bags. and the alpha, i think you should get. >> no man has a man bag. the ipad case is their single best-seller. >> 145 bucks for a new ipad case, is that what they sell for? >> their best-seller. >> moving along, stock number four. you've been waiting for this

one. the stock would be a little fla sid, would you say? >> the stock is very fla sid. this is a case good was not good enough. second quarter earnings down 3.3%, even with increased sales. here's why. they're selling more lower margin goods, margins come pressed. price competition with proctor & gamble. to your point, they make arman hammer, not sexy . the ceo did note their burgeoning sex business is growing because they own the trojan brands of condoms because of "50 shades of grey." the ceo made a point in the conference call saying their new sex toy business is growing. yon what -- >> that is the second time we made a reference to "50 shades of grey." according to 60 minutes and "vanity fair" poll, more americans were ashamed to be seen reading obama's most recent

mom wa in public than reading "50 shades of grey in public. there you go. >> let's move on to what is going on with hotels, if you tried to make a reservation at your favorite hotels, you may have found it tricky because occupancy rates above 75%. year-to-date, the hotel rate is up over 18%. what does this say about the economy. great to have you with us today, joel. how do we play this and how much better is this going to run? >> twe think we're in the middl runnings of the occupancy rates. peak levels and very little supply growth over the next two or three, four years and plays the strength, high at starwood and marriott. >> you have outperforms on starwood and marriott. let's hit starwood first.

what makes them attractive? >> starwood announced an expanded buyback program and bought back stocks and will sell trophy locations such as the street regis new york and others. they will accelerate return of capital dividends and shareholders. >> why has starwood overperformed the others year-to-date. does that make it more compelling from a valuation discount. >> it's overperformed sundry because they've been more aggressive in capital. we think they have the best in class brand, westwood, sheraton, brands positioned to capitalize on upper end travel as well as corporate demand. >> when i see 28% gains year-to-date from marriott, hard to look at that and go, really, how much more could there be in what is a relatively slow growth

story. >> that's fair. the stock does take a pause here. this is a free cash flow machine, north of $5 million. a conservative management team. strong balance sheet. you have a steady eddie performer here. went-par meaning occupancy rates will probably have to accelerate to see that stock move higher. >> is there a possibility of seeing the hyatt being an acquisition target? >> probably not at this point. the family has a class b stake and controls it. we don't see them as sellers. we actually think they might be on the offense to buy assets and smaller brands. >> like what? anything in particular they 3450i might look to buy? >> nothing in particular. they might be looking at locations. they recently purchased a hotel in mexico, hotel extended stay company.

it's these tuck-in acquisitions that become available. >> thank you. huge refinery fire in richmond, california last night. it apparently is out but having an impact on gasoline futures. sharon etcher son, what are gasoline futures doing? >> we were talking about this last night. 15% of the gasoline consumers use come from this one refinery and had a major impact on gasoline prices. the mercantile up 2% with the activity there and the fact repairs may take several months. on the spot market in california, we're seeing price increases as much as 12% on that local market and will impact prices at the pump, where already some of the highest gas in this nation at 3 much $86 a gallon. >> thanks for any up.

>> let's get an update from brian shactman. >> thank you very much. i'm knee-deep in my charts here. makers of calvin klein jeans, looking decent in your call vince, numbers weren't great but expectations lowered. things not as bad as some analysts hoped for. the stock up 10.5%. making up for loss of .9% and made up for weakness in the last month. >> brian, that was sharp, real sharp. thank you soy much. we will take a very quick break on "street signs." like, if you could save hundreds on car insurance by making one simple call, why wouldn't you make that call? see, the only thing i can think of is that you can't get any... bars. ah, that's better. it's a beautiful view. i wonder if i can see mt. rushmore from here.

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"street signs" with brian. >> thank you. shocking stories surrounding standard chartered bank following accusations they did illegal business with iran. following a string of actions by u.s. regulators against big british banks. we had them against barclays and others as well. one market watcher wined a bit about america's harsh treatment about banks beyond our borders. >> why is it always a swiss bank or german bank doing these evil things. doing money laundering and financing terrorists. there's never an american bank involved because they're in the pocket of the american banking lobby. there's so many since in the world including the american banking system sit at home but morn authorities never go after an american bank. they go after somebody abroad. this is ludicrous. >> wow.

are the banks in the pockets of lobbyists and do regulators never go after american banks? >> this is complete hogwash. just a couple years ago they paid $550 million in fines. jpmorgan was brought up on charges by nymex. earlier this year they paid $20 million in fines. the year before that, they paid $150 million in fines for doing mortgage related funny business. the idea our regulators aren't going after our banks is crazy. >> it is true the u.s. banks can open up their wallets to influence congress? >> that is true. they do have influence in congress, not just the u.s. banks. foreign banks also donate to american electoral campaigns all the time. >> take that, mandy. >> whoa. two against one. >> and manipulating the political system as any u.s. bank, the u.s. banks do -- it's true u.s. regulators do go after foreign banks just like they do

domestic banks. that's because we let them operate here. we have the most open financial system in the world. that's why they get in trouble. >> what about with iran, barclays, credit suisse all agreed to paying fines for doing business with these banks. >> we have libor. for years and years and years -- >> are they misbehaving more. i don't think they're misbehaving more, misbehavining just about as much as american banks. >> standard charter could lose its banking license. >> when you're accused to giving money to countries that sponsor terrorism, you damn well should lose your license. we're talking hundreds of millions of record fines paid by goldman sachs for allegedly cheating a german bank. we were protecting a german bank and finding one of our own. >> you think it's a fair playing

field? >> i think it's a fair playing field. if anything, we give doubt to for ren banks because we think their home regulators will investigate them. that's probably wrong. if anything, the foreign ones are in their pockets. u.s. regulators hate this charge, hate the idea. i spoke to somebody at the treasury department who said, we think this is ridiculous but defensive about the idea the u.s. is harder on foreign banks. >> always good to have you on the show. up next, a school loan gone wi wild. >> borrowing $100 million to fix the schools and will pay $1 billion on that loan. you will not want to miss that story. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend.

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safe to say this is probably the worst loan ever inside the san diego school district of poway, california. it borrowed $105 million to rebuild schools. that is not unusual except the

loan they took will end up costing taxpayer nearly $1 billion to pay back. a $100 million loan costing nearly $1 billion over its life. in just a few moments we will hear from a reporter who broke the story and major investor and about the possible ripple effects. herb, you helped find this story yesterday. good work as always, set the stage. snow this is what happens. this municipality doesn't want to raise taxes but needs to spend a bunch of money. in the case of the poway school district, it was to float a new bond issue. not just any bond, a capital appreciation bond, which means a free ride today others will pay for tomorrow. it's the ultimate subprime loan. and it works like this. poway gets that $105 million today. it doesn't have to pay a dime for -- wait for it -- 20 years. then it starts paying $50 million a year in interest and principle for the next 20 years.

so what you've got here is a 40 year loan that is so toxic that the los angeles treasurer wrote a letter to school districts last year saying he will not support any loans saying he will not support any loans like these. >> herb, stay right there, let's bring in will, the staff writer at the voice of san diego, he broke this story, do you have any new details? >> yes, social securityit's can. >> okay, fair enough. ive heard it all before. i guess the newest details, we started to look at some of the other school districts in san diego county, it's not an isolated incident. we're seeing bonds at the biggest school districts.

san diego unified is over a billion dollars, some are borrowing $30 million and paying back $260 million. >> how can it be allowed. i know michigan banned it's school districts from this kind of bond. our children and grandchildren will get screwed, shouldn't this banned everywhere? >> well, you know, there are people who back this and think this is a good idea. we think the property values we keep increasing all over california. they never go down, and in the future this will be worth all of the homes will be worth more money and that will mean we'll be able to pay for this out of our existing taxes. we're pushing the repayments further and further ahead with spending money today and placing

the burden of this on future generatio generations. i think they will start to take a look at this. there was legislation last year talking about making these more transparent to the school districts would have to tell the public what they're going to do and what this will cost. hopefully we'll see more changes going forward. >> let's bring in another guest here who saw red flags and decided to get out of all small city bonds, marilyn, thank you for joining us, you know what i find amazing and shocking is the rating agencies are not reflecting this financial risk, are they? >> they are not and that's a big bullseye. many people look at their monthly statements and say oh, aa 2, no problem, and they go off on their merry way.

so it is really disingenuous that people do not know what's below the surface. >> can it be renegotiated? bonds like this? >> i don't know the answer to this unless it was under a structured bankruptcy which is what we're seeing in stockton, california and san bernardino. but herb, you know southern california, it's not a growing area there, even if it quadruples, that's not enough taxes to pay these off, no way. >> nobody knows california meetings like you. will mentioned he sees more of this in southern california. as you look throughout the state, do you see others like this throughout the state? >> i think it's a potential. and i think what the reason why there is a potential is because

of governor brown pulling out the redevelopment money out from under the agencies. i think that was a slush fund in case they needed extra money. i have not heard people due out 30 and 40 years, maybe just five to ten years. and there's a sequence of payoffs. >> the school district that agreed to these bonds, were they naive, foolish, or didn't care, which did you think it snfs. >> i think naive and foolish. >> will? >> i think they wanted to meet their promise to the taxpayers which is we're not going to increase your taxes, and they did that, right? are they foolish?

one of my sources said these are either the smartest guys in the world or they will cause immense problems. it's one of the two extremes. >> a fascinating story, thank you all. apparently there is some money in san diego, an investor group including the former los angeles dodgers owners and phil michak mickelson plan to buy another sports team. next, why women wearing red make more green. we'll be back with that story. [ male announcer ] at scottrade,

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to create. to work. if you're going to do something. make it matter. let's look at what's going on with the markets right now. the dow is up up by over half a percent. we're about 80 points away from the yearly high closing mark for the year. we're looking at a nice lit he looks like rally with the nasdaq gaining over 1% and holding. as bob pisani, it's the most hated rally. we're up nearly 14%, but it's all negative headlines.

at the same time, we're doing pretty well. >> and we'll raleigh right through it, amazing. >> amazing. >> i want to swap up the program with nu skin. they got hit earlier today, but not as bad as they were. their china business is being e requested. i reached out to nu skin. they got back to me, they said they're confidence that they're in compliance and that they received new direct selling licenses which is nu skin's way of saying kwhooi in a looked at our model and endorsed it. >> in today's sign of the times, waitresses wearing red get more in tips than any other color. seems like women dinners always tip the same. what is it about re