staying long. >> s&p sitting at a four year high and nasdaq at a 12 year high. adequate a rally it's been. catch more "fast money." follow me on twitter. love to hear from you. "power lunch" starts now. >> thank you, scottie. we will pick up where you left off. that's right. there was almost a 12 year high for the nasdaq. 10 year plus high for the nasdaq 100. wow. we have full market coverage coming up as the run rolls on. we also have a brand new nbc news "wall street journal" poll coming out as we speak on how americans are likely to vote in november. and then, come with me, there is this. jim cramer. jim's not going to take the facebook fall anymore. listen up, america. >> i can't believe anybody

wonders why the individual investor doesn't run! wow, i would run. if i didn't sit here and work 20 hours a day, i would run! >> tyler continues on vacation. simon is in with me at the nysc. >> good afternoon, sue. if you look at the headlines on the markets today, perhaps it's lunchtime not spectacular until you understand the context and exactly where we are inching to. you touched on it. the nasdaq, 100 at its highest level since december 2000. the dow nearing a close not seen since december the 28th, 2007, s&p hitting its highest interday level since may 28th, 2008. clearly a lot of uncertainty out there. in research today, an analyst saying the s&p will fall between 20 and 25% over the next three months. if he's right, that means in november the s&p will be in the 1100 to 1200 point range.

that's the view. another report showing that only 11% of ledge funds this year are ahead of the s&p. that's what you get for paying your 2 and 20. noted chief strategist for jpmorgan, david kelly with me and we'll get his thoughts where the s&p is going and where this market is going and how olympics might come to play really for you sitting at home on your investments as we head through to november. but first, sue, some breaking news. >> indeed, simon. thank you very much. we do have breaking political news, exclusive results on a brand new nbc news "wall street journal" poll, the first since paul ryan was added to the republican ticket. john harwood is with us today. always great to see you. not such great news in this poll for the republican party. >> it's not, sue. you remember when nancy pelosi was running the congress, the ratings were very very bad. they're at the worst ever in the nbc "wall street journal" poll history for congress right now with republicans in control of

the house, only 12% approve of the performance of congress, 82% disapprove. you could say that's a split decision because the democrats control the senate and republicans control the house. you look at ratings of the two party, you see democrats just barely in positive territory, 42% favorable, 40% unfavorable. mitt romney has picked a house republican to run with him on his ticket. >> how does that change, given what you've seen from your view how things might play out in november? >> there are many other factors, of course. we have the republican convention in a week. mitt romney gets a chance to reintroduce himself, introduce paul ryan in a way he hasn't had yet. there's opportunity to move. republicans are, in terms of the image the americans have of the two parties, are at a disadvantage. that's something bo is going to hit a hit-and-run against congress as he did at the press conference all the way to november. >> the economy is still front

and center. democrats are hoping for better economic news and republicans are hoping perhaps we muddle along. >> the economy is front and center but it's gone a little bit to the sideline for the last few days because the romney pick of paul ryan has elevated the issue of medicare and those unfortunate comments by todd akin, the republican candidate for the senate in missouri has got the whole country talking about abortion and social issues. that is not what any republicans want this to be about. >> great to have you. you have to come back more often. tom harwood. david kelly sending out a new line at lunchtime focusing on the fiscal cliff that the fiscal cliff is unlikely to occur but there's a chance going off a ledge, not a cliff. kelly is calling for a fiscal ladder to ease the deficit the role slowly. i don't know if people willful that. >> let me explain. we don't expect a fiscal cliff.

we believe there will be legislation before the end of the year to cut this huge increase in taxes and cut spending. in that compromise, we may still be too severe. this is a still weak economy. you have to bring the deficit down slowly. like lowering a piano out of the fourth floor of a building. you have to do it slowly. we do it one rung at a time. you do it over five or six years, you can help this economy grow. i'm concerned they may come up with a compromise after the election results in a 3 percentage drop in gdp ratio, that's too severe. >> could push it into recession. >> right on the knife edge. >> are you looking for, in essence, cues to sell or looking for cues to buy? >> both, unfortunately. this uncertainty will still be with us after the election day. we have one party rule, this

won't happen. but we could have a divider. if the president is reelected, and we have a divided house, we could have all the spending cuts -- >> could we lose 20 to 25%? >> i wouldn't bet that way. stocks are still very cheap. investors very conservative, stocks very cheap. i wouldn't bet that way but we have to watch the political situation carefully. >> these headlines don't look spectacular. the context where we now bounced back to. you might have hoped for the greatest stock market since 2004 but it's climbing back. >> if you look at fixed income, the yield on bonds and cash is so low, people are being forced back in equities. we still think the stock market is cheap. we do still have a political

hurdle after november. >> nice to see you. david kelly, from jpmorgan. >> thank you very much. let's get more an reaction from jpmorgan's fiscal cliff outline and the drop from the s&p, kenny is managing director with i cap. >> when i read your note this morning, you still sounded a little worried and the goldman saks call. >> it is interesting they're looking for 10% retrenchment in the market. that's realistic. it's very aggressive and i tend to be more conservative, a little more of bear. i think that's a very aggressive policy. i think europe would have to implode for that call to come true. i would not be surprised to see the market pull back 8 to 10% if in fact you don't get any action out of europe. if you get action out of europe and they pull the bazooka out of the closet, i think the markets around the world take off because that's really what investors want to see. they're trying to feel it,

challenging the highs, they want to look forward and want there to be some optism. >> is the situation in the u.s. starting to perhaps overtake worries about europe with the fiscal cliff argument jpmorgan just put out or not? >> i think europe is still the issue. that vote in germany is coming september 12th. after that, it will focus on the fiscal cliff and what's going on in this country. i think the fiscal cliff is a problem and not one who thinks they will do it prior to the election and what will they do it with a lame duck congress or administration after the election. if they put a ban on it, it will be viewed by the american public or investors kicking that ro ii down the road and they won't be happy as it but won't be as severe as the call. >> thanks. hi, mary.

a market flash. >> take a look at sutherbies. quite a turn for the stock, down 1% after williams cut it to an under-perform actually today. there are concerns about sotheby's because of competition from its rival, christie's, and concerns its earnings and sales deceleration will be greater than anticipated. it doesn't see any kind of strength or the kind of strength in the art market next year it saw this year. sotheby's down 1.7%. back to you. >> ouch. thank you, mary. there are other things in the market to watch. the middle east, syria. a day after president obama said they would have to take action if syria unleashed chemical or biological weapons, there was heavy fighting in the biggest city. assad is repositioning heavy aircraft bombers to hit his own cities as he tries to kill and 18-month-old rebellion. from syria to the other main

ally in the region, iran. if you didn't know it, this is iran's national defense industry day. the islamic republic unveiling a short range missile that can accurately hit anything within 180 miles and would include all u.s. base in the persian gulf. shares of usx are flat today. behind that market headline, the company is in crisis at lunchtime. there is a crash today just west of baltimore. the train was carrying coal and part of the train fell from a bridge on to cars parked below and some of the facilities were damage in that crash. at the least, is there an inability to make long distance calls in that region. bear that in mind if you're trying to contact people. hampton pearson is live this afternoon. over to you. >> reporter: take a look at what's going on behind me. they're trying to clear the

tracks after 21 cars of an 80 car csx train carrying 9,000 pounds of coal derailed shortly after midnight. both the cleanup and investigation are under way. two confirmed fatalities here, the victims have been identified as elizabeth nass and rose meyer, both 19 years old. csx releasing a statement that says in part we're offering our sincere condolences to the families, the company supporting the investigation of the site under the direction of the national transportation safety board. as for the ntsb itself, investigators say there was a video camera on board. they are going to take a close look at that to see exactly how the derailment happened. the train was travel iing approximately 25,0 miles at the time and will look directly at signals and track conditions and communications. the cleanup will take several days in the area. you can see part of the

operation to just clear the tracks, if you will. the investigation could take months. the other issue, verizon telling us they have had some impact in the area as far as service, mostly minor and mostly long distance call issues for some customers, no concerns about 911 emergency services. finally, the final note on the tragic part of all this, it turns out that the two victims here in fact tweeted pictures of themselves, along the rail tracks, hanging out prior to that derailment. sue, back to you. >> hampton, thank you very much. >> as you surely know by now, we are in this midst of the worst drought in the united states since the 1950s. barge traffic in some parts of the mississippi grinding to a halt. this is new video from greenville, mississippi. an 11 mile stretch is shut down. the big barges have been

stranded on various parts on the waterway. the coast guard is working on rerouting traffic markers. corn is up 3% in three months and we have another upside today. next on the program, the anger over facebook and actions of one board member in selling, peter thiel. the best man to voice that emotion, cnbc's very own jim cramer. >> who's zuckerberg? i don't know him! >> much more from jim cramer on that stock down 50% now since the ipo, before the break, let's give you five big tuesday mover s for power lunch in two minutes. at usaa, we believe honor is not

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another hit for facebook, its famous investor and facebook board memberer, peter thiel now dumps most of his shares. that got jim cramer all fired up this morning. >> i'm furious, i like thiel very much. sure, he was always going to sell, like we all expected it. i came to you yesterday saying thiel is selling 20 mil. where is the outrage for this?

everybody has an excuse for every bit of behavior i have seen in the last year. it is outrageous. i can't believe anybody wonders why the individual investor doesn't run. wow, i would run. if i didn't work 20 hours a day, i would run. who's zuckerberg? i don't know him. where is he. he was great. worked well with morgan stanley on the price. where is this company? where are they? i don't know. >> we do know this is how the chart looks. to bring that home to you. it has destroyed in the region of $50 billion of wealth. julia is live in l.a. have you heard yet from peter thiel? >> no. i have reached out and they have not responded to a request or statement. despite the fact they gave notice on july 18th, the oppics

of the sale looks bad but silicon valleyly capitalist told us earlier, thiel is doing what's expected. we don't have it there. but she basically said he is not supposed to hold those shares and all those sales are closely monitored. basically these generally sell soon after an ipo. another friend defended thiel's sale in his blog that venture value is about capturing value between start-up phase and company value phase and shouldn't be outraged and rack that touch capitalism. >> you cover the social media. what do you think is the fallout now for the rest of the industry. >> reporter: talking to people who work for private companies and the companies themselves, it seems the bar has been raised for doing an ipo.

the company that monitors private companies tells me facebook ipo is forcing a couple of things. forcing start-ups that want to go public to wait six months longer and also depressed valuations by 20 to 13%. more than anything, the focus is on growth. start-ups show they're going fast in contrast to facebook, zynga and groupon. two of the largest private players, twitter and living social both say they don't plan ipos any time soon and instead relying on financing and livingsocial is backed by amazon. has that financing as well. more start-ups are thinking about selling. we have seen microsoft, oracle sales force have done big acquisitions in the social space. now, it's not looking like a bad

option. >> thank you. julia boorstin. >> closing arguments set in what is being billed as the patented trial of the century, apple versus samsung, one suing the other for copying technology. jon fortt is live with more details. >> hey, sue. sometimes it can feel like this patent trial is taking a century. there's a lot of stuff to slog through. right now, the jury is getting 84 instructions from the judge. you can see apple stock today down a bit. might not have anything to do with this. it's been trading at all time highs. what the case is about, apple alleges samsung has copied the hardware and software in the iphone and ipad and infringed on apple's trade the overall feel and samsung said apple copied some of our wireless patents and interface improperly.

samsu samsung was on defense much of the trial. we'll see if that was smart. >> the story i expected samsung to tell was apple is talking about hand gestures and rectangles and color of icons. we have real technology you need to make the phone work and our patents are more important than theirs. >> that was stanford law professor, mark lemley. separately, a former apple employee, way in goodrich has filed suit against apple. he was executive producer over many of steve jobs key notes saying he was improperly fired at the end of last year when steve jobs promised him a job for life. yet another legal case involving apple. back to you. >> thank you very much. mary thompson rejoins us now. she has a market flash on best buy now. >> there are a couple of things on best buy, coming in 11 cents shy of analysts estimates at 20 cents. the stock has been making a bit of a comeback.

on the call earlier the company's ceo said significant challenges remain for the company as it gets set to welcome a new ceo, hubert joly in september. the company plans to suspend its buy back program as well the earnings guidance. the interim ceo said this will allow mr. jol, the flexibility he might need to put his own strategic plan into place. m facebook best buy's price is where it was before the former chairman made the bid or talk about taking it private. there's been a bit of recovery there. >> thank you very much. coming up. time to do analysis. wall street after the break, apple making new calls on -- new calls on apple, and netflix and urban outfitters. a big percentage move on

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on apple from hold to buy. the deceleration is alarming and expectations are high. apple has actually fallen about seven bucks on the news so far. they're actually echoing the final stages of "the babe" film, that will do, pig, that will do. would you sell? >> i would take some profits off the table going into their earnings. we've seen expectations are so high. we see what one analyst can do, up and then down 11. that's what one analyst can do. i'd be very defensive. upgrading netflix from average to below average noting the stock has done what they wanted to do as a negatively rated stock and primary short idea. here, you have the idea of closing out a short and over the last year, netflix is down over 17%. do you think it will make gains towards the end of the year? >> why not?

everyone else piled on netflix so long, making a great call at valuation level,ng in on 80% discount based where it was a year ago, you can grab this thing and maybe get a pop here. you're buying one of the best companies in this field. it's worth a shot. >> let's turn to a big mover today. upgrade i upgrading urban outfelders, had a sell and now ha hold. they have a solid qe-2 margin upside and that they are in charge in terms of driving mar xwin upside for the rest of the fiscal year. they're up 17%. would you chase it now though? >> this has all the markings of a short squeeze. that's what we're showing today. i wouldn't touch it today.

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welcome back the "power lunch." i'm john harwood. todd akin, the embattled senate candidate has just given the republican party the news they did not want to hear. all heavy hitters in the republican missouri because of his controversy comments about legitimate rape whether or not it can result in pregnancy, todd akin dug in today along with social conservatives backing him, telling mike huckabee's television so, i will be absolutely clear, staying in this race. that is a complication for mitt romney and paul ryan because the last issue republicans want to talk about this year is social issues and abortion. >> that is a complication.

to the markets and mary thompson with a market slash. >> investors cool stocks. an epa ruling limiting emissions that can cross state lines oversteps the agency's boundaries and needs to be revised. peabody energy, alpha natural and james river coal all higher on the news. back to you. >> very interesting news. let's kick off coverage of the new york mercantile exchange, goal closing now. sharon has the latest. >> we've seen a nice rally all day long in the commodities sector and gold prices in particular closing at $1642.50 with final trades coming in. we are looking at gold prices near a four month high and renewed optimism out of the euro zone is helping and we may see stimulus out of china. all this helping not only gold

prices but the entire metals come plex and the rally continues here. we're looking at silver as well and silver the best performing metal at the moment, up 3% or so and near a three months high. traders are saying we may technically be looking at a breakout price, psychological around 30 bucks is one traders are watching but already gotten upside momentum technically and looking for that to continue in the next session. back to you. >> thank you for that, sharon. what is fascinating, you have many assets rallying, gold and oil being somethem. the u.s. stock market, american equities are beginning to slip back. they're pretty unique. i'm trying to think of other assets lower on the session. the dollar is. >> remember, w hit new highs. the strange thing about today, europe did pretty well going into the european close. we hold up on a strong european close. that didn't happen. we were selling off. look at the s&p 500, as you know

probably, regular viewers, four year highs on the s&p. intraday. you have to get over 1419 to hit a four year closing high in the s&p 500. a lot of people are blaming apple today. true, apple had big volume and essentially reversed all the gains it had yesterday and a lot of people debating can apple keep going? i'm a bull always have been, the stock not overpriced. you see we're sitting at the lows for the day on an intraday basis. notable breakout in banks, four year highs in wells fargo and other big names. this is notable because a lot of people have been expecting them to go nowhere due to the fact it will be difficult to increase earnings because there's not a lot of growth. the market rally is dragging a lot of participants.

>> still, the broader market can't get past 1400, that resistance just above 1400 on the s&p. >> see if we can close 1419 today, a four year high, if we can do it. >> to the nasdaq. bert bert bertha coomb the latest. >> it does account for much of the drag hitting $600 a share after it opened. the down grade coming after the open from oracle investments saying, listen, you look at that stock chart intraday, they are saying you have gotten to that point they're the biggest market cap ever. look what happened to microsoft after that and cisco after that. a little bit of curse there. urban outfitters is helping lift the nasdaq shares, shares zooming on the back of stronger than expect ed second quarter report and stronger margins. wet seal will report this afternoon, one of the only retailers not moving to the

upside. and dell after the close, the question what pc cells are doing. certainly didn't help best buy didn't have good sales. >> thank you very much. let's hit mary thompson with a market flash. >> dunkin brands down on news of a lawsuit by former owners and alleged they steered them in locations in poorer neighborhoods saying better locations were available even as they awarded those locations to white franchise owners. stock down 3.6%, still coming off the lows. back to you. >> thank you very much. as the stock market continues to perform moderately today, a little bit in the red, the bond market has seen backup in yields. let's see how treasuries are performing. go to the 10 year and 30 year,

1.8 1.833%. a considerable move for the 10 year so far this week, only tuesday, folks n. most people i talked to are watching the 30 year bond. we are bumping up almost against 3%. that's what traders will be watching carefully, especially given the fact we will get key fed minutes and jackson hole looms very large over this expectation of qe-3. meantime, goldman sachs reports shows hedge funds have only outperform ed some of the time this year. we welcome back david. good to see you. welcome back. >> pleasure, sue. nice to be with you. >> some of the obstacles would be the usual suspects, fiscal cliff and europe. are there others we haven't thought of or seen? >> you look at the actual data, hedge funds are being pretty

conservatively positioned. they have excess cash levels and looking at the markets and wondering where they're going. and equities have done well and bonds have done well, too. this is uncharacteristic and indicates there should be a change in direction in one or both of these markets. hedge funds are underpositioned in general. and you get a sense of year-to-date. >> do you have a sense where they're going. it's unusual to see those two asset classes perform well together, bonds and stocks? is the betting more on equity side of things or fixed asset side or do we know? >> citi bank's view is we're fixed on the equity side, especially in the united states. you look at the europe, and china with slowdown and in the u.s. growth is slowing we expect markets to fall back from these levels. >> let's look at some sectors. if the economy recovers, where

do you get a sense that the hedge funds are going to be deploying their capital in terms of sectors? >> you look at the beginning of this year, so far, hedge funds have benefitted from consolidation in hedge fund sector which will happen irrespective of changes taking place in the market because of the change in regulation and the supreme court's ruling. that consolidation has generated about $14 billion worth of transactions so far. if the economy in general turns out to be stronger than expected, mna will go up and hedge funds will do well. this will take place in the areas of technology and health care specifically. >> interesting, we showed some statistics you gave us. they're still buying the foreclosed properties out there. >> that's right. one of this non-hedge funds taking place, there are groups of investors getting together and organizing capital for investment in simple family homes. that should accelerate the rate of foreclosed homes being taken

off the market. some done for short term investment but some done for the eventual creation of owning single family homes. apple looms large in most portfolios, google is also a prominent player. >> that's right. google has certain attributes hedge funds like, undiscovered assets. you look at mobile advertising, google has a growth rate of 100% and a substantial lead. look at microsoft, seeing an extraordinary cash flow generation in windows 8 coming out and the story of apple you spent a lot of time on is pretty obvious to everybody and large hedge fund positions at this time. >> do you have a sense of microsoft, have they gotten most of that move of the stock taking place in the last six months to a year? >> yes, they have n. this has been a long term hold for a lot of these and people are happy with the performance of the stock and expect it to continue.

we don't see lightning of the fund. >> david, good to see you. coming up, the financial services group of japan's representative on wall street, the s&p 500 is said to fall 25% in the next three months. do you agree? results next on the show. plus the.'snew way to cut down on car crashes. make cars communicate with each other. and how the automotives are trading as we had to break on lunchtime. ♪

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a down grade on apple. and microsoft. what lessons can apple learn from microsoft? it spent the last decade treading water. and facebook cannot catch a break as it tries to figure out how to make money from mobile ads. plus, twitter just figured it out. and more for less. the proposition of flying and the bill of rights and the former chairman of american airlines. we also want to hear all about your airline travel nightmares. we've all got them. tweet us and we will read your responses on air. now, sue, back over to you and "power lunch." >> thank you. simon, down to you. >> the department of transportation is working on a creative way to cut car

accidents by actually having vehicles talk to each other. phil is live in michigan with the latest on that. hi. >> this is a huge study to see if this is the key to cutting back on a number of accidents. there will be 2800 cars in ann arbor, michigan constantly sending and receiving signals as they drive around. 364 will alert drivers to possible collisions and accidents. researchers believe these talking cars technology could be standard in the next 5-10 years. >> this is real world. these are real cars manufactured right here and real people who have volunteered and be partf this study for the next year and have the opportunity to see if this technology really works. >> again, the goal is reduce the number of accidents in the u.s. 5.4 million in 2010, 32,835

people were killed in auto accidents in 2010. 3,000 were linked to distracted driving. speaking of distracted driving and the idea of adding more technology into vehicles, listen to the last question for secretary lahood. >> for drivers to be even more less attentive, and thus we'll take another last question. >> secretary lahood laughing at the idea that he's even going to touch the idea whether or not this is more distracted driving out there. simon, back to you. >> a good story there. thank you very much for that. car makers aren't the only ones using technology and fresh ideas to address those lingering problems. high shipping costs and missed deliveries are one of the biggest questions facing retailers and their customers. the story of how one handful of companies are turning those

delivery problems into profit. >> it's a problem most of us can relate to, order something online. a padgetts shipped to your house, you're not there to sign for it. the problem, the padgetts dumped on your doorstep or back to a warehouse where it waits for you to pick it up. now, a couple of start-ups and giant e-tailor are trying to turn this into profit. kinek lets members shop online. instead of their home address, customers can ship their packages to over 1,000 locations for pickup later, places like grocery stores and local businesses. amazon is taking a slightly different approach. customers and cities like new york, seattle and london have their option of shipping purchased to amazon lockers. amazon pays business owners a 13458 fee to house the items who benefit from increased foot traffic. they e-mail a code when the

package arrives that opens their locker. the rollout has been limited but the opportunity may not be. amazon spent $1.36 billion shipping its products in the second quarter alone. each missed delivery attempt costs money. sending packages to private residence is more expensive. shipping to lockers could mean huge savings for amazon. >> if they were to roll this out more broadly at scale, on a per item basis, the savings could be as much as 10 to 15%. >> the e tailor gets the added benefit of connecting to their customers in a tangible way they never had before and sebastian says is a win-win for the company. i'm courtney reagan, new york. >> find out the fascinating story about another company turn ing problems into profits.

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it's power rundown time. welcome, gentlemen. good to see you both. first up, peter thiel sells his facebook shares. facebook could have seen this coming because it was disclosed quite a long time ago. apparently they did not get out in front of this story and the stock is getting hit today. robert, i'll go to you. is this one more indication this company was not ready to be a publicly held entity and so much in the spotlight. >> it shows us what silicon valleys about, about creating wealth. nothing wrong about that. they learned from the dotcom days, get in, get out, take the money and run. it isn't about creating long

term value. s wide ope should go in eye open. >> and they said that's what vcs do. should we have been surprised. given the way this thing was botched, should we have anticipated the kind of uproars we see. >> it is what they do, get in early and get out. i think facebook isn't really a public company. we learned from the beginning, it's under control of mark zuckerberg and will stay that way. >> they worry more about what? >> i don't care about shareholders, users and how to make the company better. they're not that interested in catering to outside shareholder interest. >> and problems for those who sold the stocks possibly. up next, nike's lebron

sneakers. you going to buy a pair? >> these shoes have motion sensor designed to tell people and measure how high you can jump. the price tag will measure you much you can spend. these are really status symbols to show how much you can spend. in this case, the price is the main selling point. >> what do you think, john? those would look good with your jeans. >> i think people years and years from now will look back on our civilization and call it the age of the shoe. they'll see all these shoes we bought, these very expensive shoes and think these must have been holy objects of some sort for us. for me, my shoes aren't holy objects in the fact some have holes in them from walking around and trying to cover stories a lot. i don't think i would spend that kind of money. a lot of people will because we live in the great age of the shoe. >> indeed we do. >> george soros investing in

man-u. manchester united. it goes out and loses its very first game after hi makes his massive investment. what do you think? a connection? >> i can't understand this deal for george soros, a small minority stake, a non-voting stake. the glazier family has a lock on this family when it comes to voting shares. unless george soros' new wife is a huge soccer fan, i just don't get it. >> i tell you what it is, robert, it's just like the shoes. sports teams for very wealthy investors are the new shoes, the $300 lebron james shoes, the status symbols. these guys, buying the dodgers, all these hedge fund guys trying to buy the mets and george soros investing in man-u. a status symbol. bored with the stock market, can't get a lot of returns on normal bonds and come up with an economic financial rationale.

really about status, want to be owners and sit in the good seats. >> just seven more zeros. >> there you go. mary thompson joins us. >> google down with s&p putting it on positive indications. that would be good for google. these aren't your grandfather's hearing aids. we have the ceo of a company making them hip nor the ipod generation. turn that music up. [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha!

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make it matter. on wall street, markets retrenching a little bit, down 30 points, down to 13,243. and nasdaq is down almost 10. simon. >> the point here, sue, that's a nasty little reversal because we were higher earlier in the session. what's going on? >> we're starting to see negative signs from analysts that cut apple. and nomaro with a negative call. we're seeing massive