doesn't mean you shouldn't hold it on the long side. >> abx, barrick gold. might shine again. >> the best for last. >> wells fargo. like it. >> don't forget to catch more "fast money" tonight at 5:00. "power" starts now. "halftime" is over. "power lunch" and the second half of the trading day starts right now. indeed it does. thanks, everybody. after five straight weeks of gains for equities, the markets are falling at this hour as you see there. the industrials down about 65 points. we'll tell you why and whether it is a sign the rally is over for now. and he is the man of the hour. 42-year-old representative paul ryan of wisconsin. what can he do for the romney ticket? but we start as we always do with sue and the markets. sue? >> hi, ty. good to see you. we are waiting on those first comments of representative paul ryan. he's at the iowa state fair and we'll take you there in a few

minutes as we want to hear from the vice presidential candidate for the first time live since that announcement. we'll start, though, here on the floor of the nyse with the markets. they're near four and a half year highs. up five straight weeks. a change in the wind, though, bob pisani. the s&p broke the 1400 mark. bounced back. >> a trouble going over it. there's low volume and i think people are still waiting to see what's going on in europe and you can see on days like today, we get the big global growth names weaker. we don't get a lot of energy in the material names, for example. the energy names. some of the other big sectors like industrials there. health care's a lot of confusion today about paul ryan's plan for medicare versus president obama's affordable care act and which one is better for the markets overall. just a couple of quick observations. look at the vix. normally the vix is up but with're sitting near five-year lows on the vix.

what it tells you is the options guys don't think that the drop is a major problem for the market. this is unusual to see the vix down with the markets down on the same day. >> we were down about 90 points a few minutes ago and came back about 25 points off the lows. waiting to see what representative ryan talks about and whether he can soften his language on some of those budget tear and deficit ishlsues. >> the hmos, the confusion. which plan is better for the overall market? a lot of debate about that. the transports, you mentioned dow near four and a half year highs. the transports can't do anything. moving down throughout the last week and a half. a nonconfirmation. we are not near new highs on the transports. i do want to note a sector doing better are techs and because apple is again at the highest level since april. this is why the nasdaq is outperforming today. by the way, we're only $17 from a new high on apple. i think $644 the old high on

that. >> bob, i'll see you later. ty, back to you. >> thank you very much. we have more market coverage of course coming up but to the other top story today, tough choices. the in-trade romney for president contract, picking up just a little bit today. up about 2.5% or thereabouts and still below the 50 mark. we see the opposite in the obama contract moving lower but it is still above 50 at $57.20. eamon javers is where he belongs at the state fair in iowa. as we get ready to hear from representative ryan. go ahead, eamon. >> reporter: it's great out here, tyler. the sun just came out here. the politicians are getting ready to come out, too. we are expecting paul ryan to show up here in just about an hour's time and make his way to a spot just behind us to give what he's calling a soap bo box-type speech.

campaigning on his own today. we ran in to senator chuck grassley of iowa represented the state for so long and knows how the folks here react to paul ryan's selection as a vice presidential nominee and here's what senator grassley told us this afternoon. >> i think the impact in iowa's going to be that he's mid western. people feel that he's a person that can be trusted. but the midwest person thing is mid westerners like straight shooters and he is a straight shooter. >> reporter: and guys, we are getting the first snapshot here of national polling over the weekend of what the pick of paul ryan is doing to the campaign. it's not a very good picture from paul ryan's perspective from the "usa today"/gallup poll out today. the poll on paul ryan shows 42% of respondents view him as a fair or poor voice in the vice presidency. 39% view him as pretty good or excellent and the poll says that

all vice presidential picks since 2000 had a higher score than paul ryan. that's an area where they want to see improvement of the romney campaign and say that the folks are now more likely to vote for mitt romney as a result of the paul ryan selection, 17% in that category. also, 48% see paul ryan as qualified to be president if something happened to mitt romney. that's a key threshold for a vice presidential nominee to get over. 48% right now feeling that way about paul ryan. of course, guys, a lot of that could be name recognition alone because paul ryan is not national known for a lot of people outside the beltway. tyler? >> all right. thank you very much. we'll be checking back with you throughout the day and the hour. main street to wall street now. cnbc net-net editor spent the weekend and morning talking to sources. john, what can you tell us about how wall street views the ryan choicesome. >> well, first of all, they like

him. i've been talking to guys since the announcement came out, you know, woke up saturday morning. got the phone, started talking to people. one hedge fund guy said to me, look, if obama wants to have a serious debate on the issues, now we can have it. they look at him in charts and like them a little bit. haven't quite seen the full picture of paul ryan. i'm not sure they really know he's much of a bow hunting enthusiast as he is, a catfish noodler. but what they know of him they like. he's not taken a lot of money in wall street and not very well-known and a little bit of money from goldman sachs employees over the years. never a dollar of the pac of goldman sachs. they're getting to know him but what they see so far they really like. >> eamon javers, come back to the conversation. a lot of people felt that he was -- that he would energize the republican right.

the sort of orthodox right leaning folks in the party. do you think that has happened? >> it's definitely happened here on the ground in iowa. i can't tell you how many people come up to the camera position here at the state fair asking us where's paul ryan going to be and see him and get a look at him. a lot of folks saying they haven't heard from him, don't know much about him but an anxiousness on the part of republicans here at the fair to hear him, to see him in person, to hear what he has to say and do for the ticket so you get a feel here on the ground there's a sense of energy around the paul ryan vice president shl pick. the quick is whether it tactically shapes the race in florida and ohio. that's so key for the general election and that's where democrats are going to hit paul ryan very hard on the question of medicare and what it will mean for senior citizens. that's probably the dynamic that's the most important politically going in to november, tyler. >> john, on wall street, does the ryan choice bring anybody

over to the romney ticket who wasn't going to be there before? >> you know, i think it's succeeded sort of masterfully in bringing somebody to appeal to the republican right. you know, perhaps the further out right of the party without alienating them the way that sarah palin pick did. sarah palin was not very well liked on wall street. she didn't get the kind of respect that paul ryan's getting so i think in that way it's a very wise choice. they see this guy. he's got a hair cut like guys on wall street. he's culturally acceptable to them. >> all right. thanks very much. i'll tell you this. he's a real policy guy, eamon, as you well know and credentials in that area. appreciate it, gentlemen. back to you soon. sue? >> thank you. the political man of the moment, mr. ryan, about to speak at the iowa state fair. on the phone with us is jennifer jacobs, chief political reporter for "the des moines register." jennifer, will the seat on the ticket be enough to help mr. romney win iowa? >> well, the republicans here

think it will be to win iowa. the reaction of republicans here is pretty universally jubilant. they just love this choice. >> what can we expect in terms of hard numbers out of iowa in terms of polling so that we can get kind of an idea of how he is resonating with republicans in that state? >> that's a good question. polling is pretty scarce here so far. the last poll showed romney up by a pinch but i think that, you know, some private polling shows maybe obama is up a bit and interesting to see in the next few days with the private polling to see if it's a bost here in iowa as the republicans suspect it will. >> what about the issue of entitlements reform? does mr. romney have to distance himself of mr. ryan's previous statements and previous proposals on entitlement reform to win the state or is the

overall deficit reduction argument compelling enough to override nose concerns of entitlement reform? >> when you ask iowans what they're most concerned about, their answer is always jobs and then secondly the debt and deficit. they want to do something about the entitlements to reform them and help the deficit and reduce spending. they're very frugal, very fiscally oriented people. they want something done about that. you hear that from just about everyone and democratins, as we. i don't think it's necessarily going to hurt him and the republicans doing a very good job of trying to explain paul ryan's plan for medicare, won't affect current seniors and that the traditional medicare will be an option for people under the new system. but they're really trying to do a big push to explain it to people so they understand why they want to reform it, make it

more solvent and people are not nervous about it and so far i'm not hearing reaction of people who are afraid of it. >> interesting. jennifer, thanks a million. appreciate it. >> no problem. thanks. so our question today is, do you think that representative ryan is a good choice as running mate for the romney campaign? you can vote on that at yahoo.finance.com. ty? sue, how do you play a day like today? jeff kilburg is back with us on "power." is there something that you're moved to do based on the choice of paul ryan? >> i think we are in this holding pattern but from a correction protection or as eyes on the ecb, with mario draghi, hopefully articulating properly september 6th, the way to play the dog days of summer is dog. another etf of sh to short the

s&p. we have five weeks of gains, ty. i think right now you have to lock in the profits and put correction protection in the portfolio. back to you. >> thanks very much. let's go to jackie with a market flash. >> watching shares of tesoro. the refinery adjacent to the wilmington refinery, doubling down on the assets in california. after an additional capital investment of $225 million. the company saying that the deal saves them $250 million annually. so we're seeing the stock up today more than 9%. tyler? >> thanks very much. the intellectual property trial of the century. apple versus samsung picking up in san jose and we'll go out to the coast after the break. plus, a new way to make money in the housing market. before the break, where the states and the electoral college votes stand.

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so the uncertainty in the global economy specifically rer paining to europe triggered in the past week or two a selloff in the bond market pushing interest rates to intermediate term highs. if you look at the 10-year note, the yield at 1.635%. a little bit of a move in terms of upside performance in the 10-year note and interesting to see whether or not that holds. the yield on the 30-year is at 2.718% and everybody is watching the 30-year very, very closely. as we get more data out this week, ty. >> all right, sue. samsung begins the rebuttal today in the epic legal struggle against apple. it is called the patent trial of the century with both sides fighting for every each. jon fortt is live on the case

for us in san jose. >> reporter: almost no one cares about the patents. what this is really about for regular people is two dominant hardware brands of the mobile ra going at each other. apple's on track to rest the case today and samsung begins the defense. the judge want this is phase of the trial to wrap up next tuesday and head to the jury. so what we saw late last week in court is a sense of forces that brought us to the point where the giants are duking it out in front of a jury. exactly two years ago, apple confronted samsung with a document catalog the infringement in patent. we also got a sense of apple sales stack up against samsung in the u.s. shipped more than 21 million smartphones that apple thinks ing fringed. apple shipped 63 million phones in that same period in the u.s.,

three times as many. the picture on ipad's starker. they shipped or sold 34 million in the u.s. and samsung sold fewer than 1.5 million. back to you. >> thank you very much, jon. now to the still struggling housing market and the one slice of the industry that may be about to pop to the upside. you heard me. theup side. new rauls could have sweeping effects on the industry and fuel a new service sector that investors should be watching. diana olick is live in washington. hi. >> reporter: hi. the servicers are the one that is come after you if you don't pay. the big banks used to do the vast majority of servicing even after selling to investors but now farming it out or selling the loans to what's called specialty servicers. >> there's finite amount of capacity in the servicing industry today and it was never

set up to withstand these rates of delinquency and foreclosure for a protracted period of time which is where we're at right now. >> reporter: wingspan is one of two dozen servicers with new business forcing the servicers to respond more quickly, responsibly and effectively. now, some publicly traded specialty servicers to watch, ocwen financial, nationstar and walter investment. citi announced selling $168 million to servicer which will do a deed for lease for program and troubled borrowers turn over the home and they rent it back. sue? >> thank you, diana. now to jackie with a market flash for us. jackie? >> bringing your attention to google today near session highs right now. up %.

we have bunch of news out today to cut 20% of the work force of motorola mobility and almost a third of offices worldwide shut. morgan stanley is upgrading it to an overweight and travel guides of wiley and son and seeing a big pop in the stock today. 2% on google. back over to you. >> thank you. up next, we're going to analyze the analyst. on the docket is google, yahoo! as well and conoco phillips. wall street's busy figuring out how they feel about the stocks today. we'll tell you how we feel about them coming up. plus, five more big movers on a monday afternoon, august the 13th. the loan upside today is kraft foods just moved to the unchanged level. we are back in just a moment.

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time to analyze this looking at the freshest analyst calls on the street and decide, jeff kilberg whether we like them or not. start with morgan stanley on google, noting google trades at a 25% discount to the sector despite similar earnings growth and fewer execution risks. what do you say? >> i like this, ty. look at the chart. from a technical perspective, there's strength in the chart. 670. at 52-week high. could be taken out. the big question, will they core

apple? they may not but they're taking a bite out of apple with the -- >> craziest-looking chart i ever saw. i take your word for it. >> i like and i agrow. >> downgrading yahoo!. down goes yahoo! from buy to hold. margins of a tech turnaround story are likely to be lower than the current levels over six months. downgrade yahoo!? >> i don't agree. i think that the new ceo, i think she brings a lot in to it. the end of the day $15. i think this is where you take a shot. disclose, though, we have not seen yahoo! above $20 in 4 years and last 5 ceos but i believe she is doing something and not showing reckless abandon. she's actually going to show -- >> disagree there. let's go to an upgrade on

conocophillips. we base our buy on value case and yield. a 5% yield, by the way. >> i agree. this is hard to argue with. you look at the yield play and people convoluted on yield and versus the price fluctuations. i like this down at a point to get in to. 5%, ty. three times a 10-year treasury yield. i agree with the valuation. >> a nice dividend to hold. jeff, thanks. metals markets about to close for the day and we'll hit the floor. also, much more on the choice of paul ryan as running mate of mitt romney. how much influence will he have and what it might mean for your taxes? let's look at the top contrib e contributors to representative ryan and governor romney. [ male announcer ] how do you trade?

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before the break, a look at the top contributor to the romney and ryan camps and there you see them. goldman sachs leading the way for the romney team with a lot of big investment banks. paul ryan with the vote of the national beer wholesalers association. sue? >> perhaps not a surprise given the fact that he hails from

wisconsin, ty. a downside day for the markets and not just equities but the metals markets, whether you're talking about palladium or copper or silver or gold. all little bit lower on the trading session to start out this new week on washington. bertha coombs is trackg the action frl us at the nymex. hi. >> reporter: hi, sue. a one month over a last month, it is higher over the last month or so but seems to be stalling out here and today falling prey to just disappointed expectations overall. a lot of people went in to the weekend hoping that we might get something out of china. jim cramer this morning saying he was looking for headlines out of china to take some more stimulative moves. without that, and without any imminent action despite the exhortations of dr. drmr. dragh there's no expectation of an

inflationary prosecution here notwithstanding brent crude and seeing a very range-bound kind of a day. gold a bit to the downside across all different kinds of currencies including here at the nymex in dollar terms. and some folks like the analyst over at bank of america, merrill lynch, saying that they think it's kind of a bearish sign for gold here, technically. if it can't break out above $ 6 $1,628 they see downside hesitation and platinum you might think is higher, precious metal used for converters, that's the downside. not that much demand. however, there have been some labor disputes and riots, in fact, at a major mine in south africa and even that has not boosted the platinum prices. copper lower here for the third session in four, sue. back to you. >> all right. thank you so much. let's get the action here on the

floor of the new york stock exchange. where we have a downside bias although better than it was a little bit before. bob pisani is back to me. >> two to one declining to advancing stocks. very unusually light volume. even for the summer here. very interesting. some speculation on what might be going on there but a day like today, the big global growth names, materials, energy, industrials are on the weak side. >> so's copper. down. >> following this kind of scenario. i have questions about the volatility and not doing anything and a range-bound area. i want to point out the vix. it is true, yes, below 14. it's very simple. very difficult for the options guys to argue higher options guys and not moving much and a very small range bound range for a week now. not getting volume movement. looking on the futures curve in to august, october, september, you can see we're over 20.

so they all anticipating more volu volume, sue. in the next few months, just not right now in the short term. >> is that the election, fiscal cluf or all of it? >> not much happening right now. one year ago, sue. we were at 40 on the vix. remember the u.s. debt downgrade? >> i do. >> we were doing 8 million or 9 billion shares here a day. go back to august here. we're at 40. we have come down quite a bit in the last year. the whole market has become less volatile. i want the point out, too. i said this at 1:00. the transports not doing anything. they're not outperforming. >> down 25 points now? >> four and a half year highs on the dow industrials in the transports and last few weeks. doing nothing. >> those at home to see the confirmation of the transports is dow theory where you need to see both of those indices perform together. >> you cannot bring industrials forward unless the transports

move with them. >> move with it. thanks, bob. see you later. let's go to jackie for a market flash. hi, jackie. >> thanks, sue. hi. great to see you again. las vegas sands. the company, the stock down 1.75%. nevada regulators investigating whether las vegas sands broke bribery laws with relation to the dealings in mainland china. the probe on reviews of justice department and the s.e.c. and company confirmed in the march filing and it is taking a toll on the stock, down at $39.22. sue? >> thank you, jackie. now the nasdaq. seema mody following the movers there and tech's been a bright spot in today's trading session. >> it has. shares of apple and other tech heavyra heavyweights are outperforming. look at apple up. further speculation and buzz of the iphone 5 is helping shares

outperform today. google with the upgrade, as well. a quick look at social media down the line here. pandora downgraded at morgan stanley to equal weight. analyst saying that costs with the sales team may pressure the earnings and that's why that stock is down. groupon earnings after the bell. julia boorstin all over that. facebook, currently down. currently below 22 bucks a share. a lot of weakness in the semiconductor space. there's concerns of a slowdown in asia. specifically in japan, china. weighing on the semiconductor companies with high international exposure. any slowdown there impacts the bottom line. advanced microdevices down about 2%. back to you. mitt romney's choice of paul ryan certainly reshaped the race for the white house. more now from the beltway's best watchers. maggie haberman.

senior political writer for politico and dan balls, chief correspondent at "the washington post." the conventional wednesday dom is does two things, organized the orthodox people of the economy in the gop to go after sharp spending cuts and rein in entitlement spending and energize the liberal left. that is namely, his view of cutting or changing medicare some way. my question for you, guys, dan, i'll begin with you, let's forget about that. does this make a substantive policy conversation more or less likely in this campaign? >> well, tyler, it ought to make it more likely we'll see whether that's the case. it's -- it certainly refocuses the come pain on the g, big issues and the issues that have dominated washington discussion and the country for the past couple of years.

but campaigns are often not the place where you get these kinds of high minded debates. i think it is one reason why the actual presidential debates this fall could be very, very important. more important than we have seen in some years. because that might be an opportunity for a more rational discussion to these than you get in a 30-second advertisement. >> is the right conversation more or less likely as a result of this? the visions couldn't be more starkly contrasting it seems to me? >> that's right. it's campaign clearly a choice of two candidates instead of just a referendum about the president and the campaign. mitt romney was running before. i'm with dan. it should make it bigger. i'm not positive it does. you had two campaigns speaking about very large issues and sort of pedestrian terms for a while and that had been the complaint of think leaders and editorial pages and so forth. this should elevate it. medicare is a very important issue and in terms of how you fix medicare and whether that ends up becoming a thoughtful

conversation or a fruitful one remains to be seen. >> but dan, how does mr. romney separate himself or does he need to separate himself from the previous endeavors of mr. ryan as it concerns entitlement reform? that was a lightning rod on capitol hill and in many parts of the heartland and the swing states. how does he stake his own ground there and not appear to be simply adopting mr. ryan's previous proposals? >> well, the campaign has tried to say and he said in the interview that he did on "60 minutes" on sunday night that the plan that they're running on is his plan, not ryan plan. having said that, he has embraced in essence the concepts and some of the details of the ryan plan. so, having put ryan on the ticket, i don't think there's any way he can effectively walk away from it. they're going to have to find a way to talk about it more effectively but he's bought the entire package when he picked

paul ryan. >> maggie, does that hurt him in some of those states like a florida, perhaps, where medicare is the key issue? >> it certainly could. i think you saw across front pages in florida today much more of a warning sign about paul ryan than say in the midwest. he's a son of the midwest. it is definitely a concern. i think whoever wins the race to define paul ryan and this budget could end up winning. there's not been a clear message coming out of the romney campaign yet on exactly how many mitt romney's going to explain where he sees his vision compared to paul ryan's or what's similar and different. and so, i think the question is whether democrats are able to frame this effectively about the negative parts that people perceive, you know, perceptions of negative of paul ryan's budget. if they succeed on that, i think we'll know before the convention who's succeeding at that effort. >> dan, looking at the e lektd r electoral map of a few weeks ago, how does this choice change the electoral possibilities in

any way? i remember 2004. kerry put edwards on his ticket and they still didn't win north carolina. >> right. i think this will help in wisconsin. the romney team has been exploring whether wisconsin is put in to play. i think with ryan there's a better chance but a pretty reliably blue state for a number of elections, though in '04 and '00 it was very close. this is going to have an effect of raising medicare as a dominant issue in the debate and any state where you have a preponderance of senior citizens it's bigger issue. and to some extent, ohio. more sensitive to the issue and affect the map calculus. >> maggie, the cliche is social security is the third rail of american politics. maybe a more heightened way said of medicare.

>> true. >> does mr. ryan get any credit for touching that third rail and saying, hey, we can't do anything about our budget problems unless we really forcefully address entitlements? >> that's certainly the hope of the romney campaign is that he's going to get credit for talking about the things that other people don't want to talk about. the problem is there's a reason that people don't like talking about this and they're a third rail as you said is because people like these programs. they're popular programs. and even a discussion down the road about changing them, polling has shown people generally say, but i'm worried about my children and so forth so i think he'll get credit with some. he'll get credit with fiscal conservatives but there's a reason why this is a dangerous topic politically once you start to explain it. it almost never wins so we'll see. >> very interesting. maggie, thank you very much. dan balls, great to see you. >> thank you. >> sue? the big headlines driving the session. google announced it's laying off

4,000 workers in the motorola mobility unit, about 20% of the mobility work force. most of the job cuts will take place outside of the united states. fed-ex tightening the belt, as well. offering buyouts for some of the employees. the company isn't exactly saying how many heads looking to cut but after the company warned in unithat slowing global economic growth to impact the earnings. and just in time for back to school. barnes & noble cutting the prices of three nook ereaders. ty? get set for groupon. the numbers come out after the bell. very closely watched here. we'll get you ahead of those numbers next. the stock has been nothing short of a mess. down 62% so far this year. we'll be back and talk more about groupon in two minutes. [ male announcer ] when a major hospital

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it's law that just makes sense. it's the first paul ryan poll since the romney campaign announced that he would be the governor's running mate. it's in. we have it for you. so, the question was, do you think representative ryan is a good choice as running mate for the romney campaign? here's what america is saying. 71% say yes. no, 29%. all right. let's see what's coming up on "street signs." hi, mandy. >> coming up, sue, continuing coverage of the paul ryan pick and speaking live at the top of the hour and taking that live and talking to a couple of small business owners about what they think of mitt romney's decision to choose congressman ryan as running mate. gas prices rising with oil but there's another factor behind the climb. and that is being fueled by the

drought. we'll explain that and then later on, picking through the government's garbage looking for deals. yeah, the ceo of govdeals.com joins us and how you can get involved. back to you. >> all right. terrific, mandy. we'll be watching. to earnings central and another important week for earnings. this afternoon, groupon reports after the bell. a rough ride for the stock, down 25% in three months and more year to date. julia boorstin waiting and watching for the numbers in l.a. hi, julia. >> reporter: hello to you, tyler. the question is whether the declines of groupon make the stock as good as the coupons offered and the answer lies in groupon's growth prospects. trading higher, continuing last woke's upward swing rebounding of all-time lows of short covering. analysts looking for earnings of three cents a share on $573 million in revenue, slightly higher than the first quarter

and perhaps more important is company's growth forecast. also key is the number of new and returning customers and merchants as well as marketing costs. analysts want details on the goods. the product sales are off to a strong start and they have raised questions of accounting practices. we'll have to see also what ceo andrew mason says of growing competition of living social and whether the increasing shift of mobile seeing among use earls which is so problematic for facebook could actually end up boosting groupon's results. back to you. >> thank you very much. billionaire investor peter thiel trying to see the next talent of the next hot start-up. he started off a firestorm of criticism announcing a competition of young entrepreneurs saying too many talented teenagers wasting time in college when they could be out starting cutting-edge businesses so he's paying 20 of the best and brightest $100,000

to drop out of school and do just that. as you'll see in a special report, it's a radical idea that grew out of his own personal experience. >> the great irony of the 20 under 20 competition is that peter thiel took a convention a path in his own career. >> stamford and then law school. i thought that you did well in high school, what do you do? don't know. go to college. what do you do at the end of the college? i don't know. law school. what to do you at the end of law school? i don't know. >> there aren't many people successful as peter has been within, you know, established power structures going to one of the best law schools in the country, going to the top law firm in america and then, you know, choosing of his volition to turn his back on that and basically, you know, go in to innovation. >> the costs have gone up tremendously in the 25 years since i went to college, so i think it's a very different cost benefit decision from what it

was, say, in the 1980s. >> that's just a little bit of "20 under 20, transforming tomorrow" premiering tonight with the if that lee. fascinating. >> very much so. as i know, because it costs a heck of a lot to send people to college and you wonder whether it's right or right for everybody. all right. next this afternoon, let's wait for the audio cue. >> everybody will win. winning. everybody's going to win. wow. win. duh. >> that's right. winning and losing. a special theme for today's "power rundown." romney and the ryan tax policy winners and losers, facebook winners and losers and olympic winners and losers. before the break, some of today's biggest winners and losers. those are all losers among the big stocks. dupont, intel, hewlett, pfizer and ibm.

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it is a special winners and losers edition today with cnbc.com's john carney and robert frank. welcome. let's start with winners and losers under the romney-ryan tax

plan. their plans an r a little bit different, one from another. >> also different from obama's. what the ryan appointment has done is really looked at what role do the wealthy play in the society? under the ryan plans, under the house budget plan, people making $1 million or more get a tax cut of $264,000 a year. under the obama plan, the taxes go up by $250,000. a year. under the romney plan, less generous than ryan, taxes would go down for those million-plus earners by around $250,000. so under romney, it's 250. under ryan, it's 264. >> a big difference here is what they do with capital gains. ryan says no tax on capital gains. romney has a tax on capital gains for the above 250k mark. >> ryan eliminates capital gains taxes on dividends, investments for everybody. and romney kind of means tests it, i guess, where he says, look, if you're earning a lot of

money, you're going to pay the capital gains taxes but, you know, below that which is, you know, most investors, they would haven't to pay this -- the capital gains tax at all. >> all right. let's move on to facebook. the lookup period set to expire pretty soon. do we expect to see a lot of selling, john? the insiders if they do sell, are they going to be richer? >> everybody is predicting a big sale and a lot of selling pressure and put pressure on the stock of facebook. i talked to investors who think it's a contrary indicator. no, no, wait. look. if the big sale doesn't happen, people remember who are out of the lockup are believers in facebook and may decide to hang on to it. especially the depressed prices we're seeing now and trigger an upside swing to the stock. we'll see. >> what do you think, robert? ice did agree. a rush for the exits on this one. here's why. a lot of dot-comers remembered what happened in 2000 to the

colleagues. behind every one of the shareholders is a wealth adviser telling them, sell now. don't concentrate -- >> or a spouse. >> that's right. or a spouse. take money off the table. don't put all the eggs in a very high beta asset like a tech stock. >> very interesting. div divergent opinions there. who won and lost? >> more gold than anybody expected. it was fantastic for us. who lost? you know what? and it was real lay testament to the way we do athletics in america. we do it very decentralized. largely based through the college system. we don't have a, you know -- we don't have a central planning organization like, say, china does. they didn't perform up to expectations and the american way. >> robert? >> the winners were the british. a great games. 65 medals. the losers also the british. they're just too happy now. it doesn't fit them. doesn't fit the national character. keep calm, carry on.

this happy hugging in the streets, leave that to disney. >> i think london was a big winner here. a hell of a show. >> and remember, the english -- >> despite the fact i didn't get the opening ceremony stuff with the nurses. >> i'm not sure it helped them as much as they're hoping. there's reports of empty hotels and not being as crowded. that's better if you live there. >> i think another winner is female athletes. the american women athletes, only one part of it. they're every olympic team with a woman athlete on it and some countries with never had women compete they had women compete this time. >> they did fantastic. >> they did. sue? okay. you guys forgot nbc. parent company of this network. hello? comcast. >> big winner. >> yes, indeed. all right. coming up in the next hour from the president's health care law, two entitlements. asking two small business owners they think of the paul ryan vp pick.

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as you know, we are following the campaign trail and we are live at the iowa state fair where representative paul

ryan will be speaking probably in the next 15 to 20 minutes. we'll carry that address live. you want to stay tuned for that. meantime, the dow jones industrial average kind of stuck in neutral. little bit to the downside but much better than it was when i got down here to the floor of the new york stock exchange. we're down 65 points on the dow. the s&p, ty, dipped below 1400 and fractionally above it. >> all right, sue. thank you. paul ryan going to cut spending on funnel cakes. going after the funnel cake entitlement. you are looking at oil which you looked at a month ago. what's new and what do you look forward to? >> when i was out here a month ago an trading upper 70s, we talked about the uso, that's the etf. now around $35 and the geo political tension heated up. although planned, israel conducted missile