time for one final trade. stevie, i don't smoke grasso. >> sell or trim the high dividend payers. >> thanks for watching. more "fast money" this evening. "power lunch" right now. "halftime" is over. "power lunch" and the second half of the trading day start right now. indeed it does. welcome to "power lunch." here comes isaac. it is still a tropical storm. that, however, is expected to change very soon. and new orleans is in the cross hairs almost exactly seven years after katrina. the port of new orleans is going to close early today at about 5:00 p.m. now, parts of florida have already seen isaac's wrath. heavy rain, heavy wind, having a big impact on oil, of course. and so is this massive fire that's been burning now for three days at a major venezuelan refinery. so the market impact, the price of gasoline has been spiking.

it's up almost 3% today alone on a one-week basis up better than 4%. we hit tampa, of course, where the convention is taking place. figuring out how to rescript it pretty much as we speak and scheduled to start in an hour and then recess due to the storm. we're going to start with simon now. he is in for the vacationing tyler at the nyse. good to see you again. >> hi, sue. the storm first of all. the big one, the first big one to hit the united states this hurricane season. preparations are under way up and down the gulf coast. fishermen are bringing their boats to safety. tourists are packing up and pulling out. some mayors along the coastline have already declared emergency situations. the storm also, of course, is having an impact on oil rig operations. senior correspondent scott cohn is live in the gulf shores, alabama, with the latest on that. scott?

>> reporter: hi, simon. we are watching along with everyone else as conditions start to deteriorate already. the storm is hundreds of miles away. the swath of the gulf coast that is in danger according to the national hurricane center is hundreds of miles wide but it does now seem that it is headed toward the north-northwestern part of the gulf of mexico. that's bad for oil prices and forecasting the storm is about as difficult as forecasting what's going on with the price of oil, natural gas and gasoline. take a look at where they say tropical storm isaac is going and still a tropical storm. not yet a hurricane. that's good in terms of the ultimate impact. the less chance it has to strengthen the less impact it's likely to have. it is apparently according to the official forecast and we eat get another update this hour but making a beline for new orleans on a momentous occasion because it was seven years ago today that i was headed in to new

orleans for hurricane katrina. we know what happened there. this is not anything close to that type of a storm. but it also is headed straight for a big chunk of u.s. refining capacity. and you can see as you look at the locations of where the rigs and platforms and refineries i should say are that we're potentially seeing an impact and already some of that capacity is shut down. 1.4 million barrels per day refining capacity already shut down in anticipation of the storm so why is it price of oil is down? well, andy lipo says it's quite simple. because if the refineries are shut down, there has to be a place for that crude oil to go. >> i think oil prices falling because the los of oil production in the gulf of mexico is far outweighed by the refining capacity to lose in the shutdown and over the next 10 to 14 days, how long it takes a refinery to get back and restore

operations. >> reporter: one thing that is keeping the refined product prices in check including gasoline is that there is thinking that this could trigger release of oil from the strategic petroleum reserve and might help get supply back up and running and another thing that andy points out is one thing to do is switch over the refining regulations from the summer blend to the winter blend and do that sooner. that could help ease some of the supply crunch so we're watching this. we're watching the refineries and, of course, watching isaac. back to you. >> okay. scott, thank you very much for that. if the fuel situation isn't dire enough due to isaac, a fire is burning for a third day in two fuel tanks in venezuela's biggest refinery. at least 41 people have been killed so far in this massive blaze. homes in the area were

obliterated by the initial explosion. it was caused by a gas leak first on saturday. let's get a market flash now with kayla. >> on the back of that tragic refinery blast in venezuela, some of the shares of u.s. refiners are getting a boost today. the expectation is that the demand for that formerly venezuelan oil would have to come elsewhere and that refiners like valero, marathon and phillips 66 to take some of the share at least in the near term. sue, back to you. >> thank you very much. more now on the market impact and the oil sector in particular. anthony grasonti joins me at the nymex. when i talked to you last week we were talking about the storm and the trajectory and you thought there was another trade either in the gasoline arena, oil arena. what are you doing right now? >> right now i'm flat crude oil. it is not about the grcrude oil

and it's around and you can't turn in it to anything else and it's a refinery issue and i would be long a little bit cautiously long gasoline because i think there's more on the upside of this. if you remember hurricane gustav in the same area in 2008, it actually knocked the refineries down for months at a time and when you look at that area of the gulf coast, that's 40% of the refining capacity in the united states so any kind of disruption of supplies is very significant so i'd like to be long gasoline. gasoline supplies right now are six to 7 million barrels less than last year at this time. >> right. >> so it was a tight market to begin with and we have had a lot of problems with refiners. >> how much more do you think is in the trade? >> it actually did get to over 10, 11 cents higher today. right now 5 to 6 cents higher and it could make up that extra 5 cents going forward. >> anthony -- >> and even more. >> thank you very much. good to see you again.

>> thank you. >> son mono? >> sue, the storm is having an impact on the airline industry. if snow didn't cause problems for a lot of past winter, now hurricanes might. phil lebeau's live at united airlines operation center in chicago. phil? >> reporter: simon, we have breaking news from united airlines. the airline has just decided that it will be canceling all of its flights in to and out of new orleans starting at midnight tonight. that's a total of 60 flights. 30 on tuesday. 30 on wednesday. and the reason is easy to see when you look at the map. it is isaac as it churns towards new orleans. the decision here is what we're going to be seeing for the industry. here's the latest in terms of airlines kans collaticancelatioo isaac. 235 for today. 857 canceled yesterday. what about miami an ft. lauderdale? they bore the brunt of the cancelations over the weekend. a slightly limited schedule and increases in the day and again with regards to new orleans, a

number of decisions coming together. united already made the decision that it's going to be shuts down its operations there. so far, united has cut 26 flights in florida and the gulf region over the weekend. they've been meeting three times a day, assessing what they need to do in terms of making sure passengers are not stranded and their planes out of the region. on average, weather incidents whether it's tropical storm, a hurricane or a blizzard, affects about 7% of the schedule every year. analysts say the airlines should not have a big hit because of isa isaac. >> hurricanes hit one place at one time. where in the winter can affect the whole system and it takes a while to dig out so the airlines so far in 2012 and going back last year have lucked out as far as the weather goes in the u.s. >> reporter: take a look at shares of united up 7 preponderate 5% in the last year and look at the airline index, guys, the thing to keep in mind,

it's not the storm that's going to have the impact on the bottom line. it's happening with jet fuel and what wall street is watching more coming to the airlines at this point. back to you. >> thank you very much, phil. the airline index is up just fraction on the trading session. looks like tampa is spared a direct hit but isaac is throwing a wrench in the republican national convention causing a bit of a political storm. convention officially starts in less than an hour. john harwood is there. john, the tone that they strike, it's tricky, is it not, given the backdrop of the katrina anniversary, the storm itself? usually conventions are very raucous events and tough to do that this time. >> reporter: sue, tone what they're concerned about because the storm moved past tampa. wasn't raining here when i was just outside a few minutes ago so, yes, they're looking at what happens the rest of the week and wlorpt images of republicans celebrating the nomination of mitt romney are going to be

juxtaposed with scenes of suffering and devastation elsewhere. mitt romney while rehearsing the speech up in new hampshire, he said today, made the point that he's going to keep foremost in his mind the concerns about those in the path of this hurricane. >> our thoughts are with the people in the storm's path and hope they're sparled any major destruction. >> would you give thought to canceling the convention? >> got a great convention ahead. >> reporter: clearly, the republicans did not want to cancel. they canceled today's first day of proceedings. as you mentioned, they're gong to convene for just a moment and then recess. on tuesday, here's the speakers' lineup. you have ann romney speaking, chris christie the governor of new jersey, wednesday, former secretary of state rice and paul ryan and then thursday, the cleanup hitters, marco rubio, the star hispanic senator of the state of florida where we have a very close race and then mitt romney accepting the nomination.

look at the national poll numbers, sue. we have a dead even race. the real clear politics average is 46 for p.m., 45 for romney and both focusing, sue, squarely on the seven or eight swing states. that's where the money is spent, the messages going and going this fall. >> thank you very much, john. this week, the international atomic energy agency is expected to release a report saying iran made dramatic progress in the nuclear program despite sanctions. western diplomacy failing to persuade delegates of 100 countries attending a summit in teheran. that's countries in the nonaligned movement. iran assumed the rotating leadership of that particular group. meantime, syrian rebels say the syrian army destroyed the town of daraba killing hundreds of civilians and this video dramatic coming in earlier today. the rebels say they were able to

shoot down one of the army's helicopters in the capital city of damascus. you can see the helicopter catching fire and crashing to the ground. all of it caught on video. a few moments ago, french president hollande called on syria's opposition for a provisional government and said he would be the first to officially recognize it. simon? sue, we have four major mergers this monday. in banking, mgt buying hudson city banc. expanding the reach in to the eastern part of the country. in the car rental business, hertz buying dollar thrifty. that values dollar thrifty at 87.50 a share, an 8% premium to its closing price friday but you could have seen the deal coming. in tech, ibm buying kenexa. the move aimed to boost ibm's because strategy solutions and

iac says it's ask.com unit buying from "the new york times" for about $300 million in cash. ahead this afternoon, twitter has a new fight on its hands. plus, the impact of apple's major courtroom victory over samsung in the patent trial of the century. it's already impacting apple's stock but that's likely to be just the beginning. before we head in to a break, five big movers this monday. we . one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america

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welcome back to cnbc. i'm kayla tausche. tree house foods getting an upgrade of citigroup to a bye. treehouse producing its own k-cups, the single serve coffee pods and green mountain coffee rosters have a patent. that's how they made their name and up on september 16th. see how the shares reacting accordingly. simon? >> thank you. keeping a close eye on apple shares after winning the lawsuit against samsung late on friday. the jury awarding apple more than $1 billion in damages and

may be the start. the stock slightly higher than that and still up on today's session. jon fortt is covering the fallout. jon, i guess we can figure out what means immediately for apple but what about the big players in the space? >> reporter: well, simon, talk about samsung first. a piece in the korea times major english language daily there saying executives are at shock an didn't expect it to go so badly for them and overall might not be that bad because the phones in the suit are not the major sellers for samsung right now and through modifications of software they can keep the more popular phones on the record despite an injunction. for google, also sh maybe not that bad. you can see the stock down a little bit today. the reason for that is samsung in trouble here veering off of google's standard android implementation and putting their own swing on this. this fragments the message. stick with the program. do things our way.

for microsoft, could be good strengthening their hand and say, hey, if you're worried about different yags, use our plat frm. >> who do you think we'll conclude really lost aside by samsung? >> reporter: biggest risk of android licensees not as big as samsung. if this is a billion dollar hit, they can absorb it maybe $3 billion with the willfulness. but htc, lg, smaller companies like that have to be careful and carriers to diversity of phones out there and differentiated phones they could be a little bit of a loser as smaller players find it harder to differentiate. >> thanks, jon. with facebook rolling out ads and twitter cracking down, new opportunities are being created for innovative disrup r disrupters. in the series, julia boorstin spoke with the ceo of an upstart

taking on the social media titans. hi, julia. >> reporter: hi, sue. ceo caldwell wants the social platform an alternative to facebook and twitter and putting the focus on app developers with free rein so they and the creativity draws users and gives credit to farmville and also apps like tweet deck to gain scale so now that they're limiting access to their platforms, frustrated developers are flocking to an alternative. in just over three weeks, 16,000 people signed up to pay for app.dapp app.n app.net, that's accessing the platform to build the likes of games or group messaging apps and users paying $50 fee for an ad free space. ceo caldwell said ads distract from serving developers and users. >> i believe we have a mono

culture meaning facebook and twitter have effectively the essentially same business model and i'm frustrated with the options available to me and this is the sort of platform i'm wishing existed. >> reporter: app.net is not without critics. fred wilson blogged about the crucial importance of free, the whole concept free as a way for social platforms to achieve scale which is really crucial for the network effects. now, caldwell says he does realize that charging will limit his user base but he says the fact that he's charging will allow his service to still be useful and profitable. simon, over to you. >> you have to wonder if that's the way ahead. thank you very much for that, julia. straight ahead on this program, time to analyze. we'll find out if the analysts' calls are the right calls. on the list, apple, rue 21 and madison square garden. before the break, five more

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points from the just shy of 1.7 yield. open to august 1st, hovering and we traded a 162 intraday on friday. i look at closing yields. if we open this to another arena, another sector, high yields getting talked down of late and this chart for the etf is making new highs. we want to pay close attention even though the spreeds, indeed, widen on investment grade. we were up a bit and now virtually unchanged. should we close here, we would be looking at railroad close to fresh yield closing levels that we haven't seen since the 21st of may. back to you. >> thank you very much. time to do some analysis. i'm here with ed ponzi. >> great to be here. >> good to have you. let's start with the big story of the day. that's apple/samsung. rbc with this headline,

creativity wins over mimicking. the firm maintaining the outperform rating on apple. price target of 700 bucks. apple up 2% today at $677. what do you think of the call? >> good call. just got harder for apple's competitors to play catch up and easier for apple to maintain the subsidies of carriers. so i like the call. what's with the $700 target price? less than one half of 1%. give me 10%. if you slap 10% on this, you're up to $745. that's an easy, conservative call. >> all right. 745. you hear it here first. move on to jeffries upgrading specialty apparel retailer rue21 increasing the price target to 40 noting, quote, we like the visibility and predictability of the revenue and the earnings streams and we think the management team is stellar. up about 28%. today up a buck and that's equal to 3.3%. what do you think, ed? >> sue, this is a tough one because the analysts made great

points about the future of the company going forward. but i just don't see any reason to buy it right now. same store sales up 0.5% in the most recent quarter and benefited 0 of a lower effective tax rate. i don't think it's time to buy rue21 just yet. >> all right. let's move on to upgrading on madison square garden. a string of positive headlines resulted in ebitda which is the earnings multiple expansion and relative stock outperformance. the past three months, shares been about 12% higher, 12.18%. today down a fraction. when they talk about ebitda, they're talking about the earnings, the tax. the pe ratio. everything that goes in to that. probably the most lukewarm upgrade to imagine. only a neutral. not saying they should buy the stock and the target price is lower than the current price so

i think you'd have to say the company is fairly neutral on the stock. listen. as far as the new building is concerned, yes. upgrading it but not state of the art. i watch them all the time. but i'll tell you this. they're very lukewarm. i have to agree. i think the stock is right about where it should be. >> okay. so you would sell it? >> i wouldn't buy or sell it. i'd leave it alone. >> thank you, ed. metals markets about to close. hitting the nymex floor coming up and the most amazing diamonds you have ever, ever seen. we'll show you how they find them, deep in the heart of africa and show you a diamond almost too perfect to be true and that is stunning, is it not? back in a moment. how do you know which ones to follow? the equity summary score 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.

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gold prices closing right now. sharon epperson is live from the new york mercantile exchange. sharon? >> gold prices closing right around $1,675 an ounce. not a lot of volume. a lot of investors waiting to see what happens over the weekend and friday. jackson hole. also, of course, looking at a reaction perhaps just waiting in

the aftermth of that huge technical breakout of last week where gold prices really extended their gains above that 200-day moving are ining averag. it's also spurred a lot of folks to get back in and according to the latest report of a bullish positions placed for the presh metals. simon? >> yeah. people tuning in now to switch to oil may be confused as to why the price of oil is under pressure whether you have the tropical storm isaac and only that brutal fire in venezuela. >> well, that devastating fire in venezuela certainly definitely a factor that helped to push up prices overnight, as well as some concerns about the refinery impact from tropical storm isaac but the fact remains is we know now 1.4 million barrels of capacity shut in as a precaution and crude production not happening at those refineries so there's plenty of oil right there and then chatter that we could see a potential

release of strategic reserves and due to what we're seeing in venezuela and the fact of a loss of supply already that we know about from iran, this coupled with now tropical storm isaac could perhaps some traders are believing cause the u.s. administration to perhaps have a coordinated effort with some other countries for a strategic release and then add to that technical numbers coming in to play with lower trading volumes and with $95 a barrel and below the 200-day moving average technically trade earls say we could see a drop to $92 a barrel. >> still gasoline rises. thank you very much. let's take in the stock trade here at the new york stock exchange. bob pisani with the latest. relatively flat market. >> good way to describe it. most of the market with a beta of 1. very little movement. everything's tending close to the average right now. there's one outlier, though. i want to put up the major

indices. look at the dow transports. again. on the day when they were near four-year highs, the dow transports never came near a kind of high and again today in the other direction. had a really bad week last weekend. underperformed the other major indices and again today. there's a group of people looking for confirmations of dow theory and the russell 2000 underperformed. as far as sectors, simon, either side of positive or negative here. i don't think you can conclude too much based on this kind of trading today but that transports is a problem. >> interesting. worth marking out, as well. the nasdaq 100 although the move is relatively slight could be on pace to close at a 1 1/2-year high. bertha coombs is watching that. bertha? >> virtually all an apple story with apple's break towards yet a new record today. touching $680 near the open.

it's market cap now north of $630 billion. that move following the samsung verdict is what is propelling tech today. some of the winners and losers perceived, of course, microsoft with the microsoft phone on nokia phones. likely to get maybe a better shot if we see delay in the phones and also rim getting a little bit of a boost. maybe black buries could, as well. google among the losers. this is the problem. part of this issue of going after samsung is going after android phones. a lot of folks looking at overhang there and maxim integrated with a statement this morning saying that the verdict dealt with older phones. they don't think it impedes its progress with the new samsung phones. nonetheless, the market sees problems ahead there today at least for today and a couple of deals to tell you about. hudson city bank. they were doing a deal. up 15.5% and then iac, it's

acquirer of acquiring the about group for just over $300 million and actually up on the day. back to you. >> bertha, thank you very much for that. let's return to the top story, the latest on isaac's path. todd santos is tracking the storm and joins us now with that. todd? >> yeah, simon, thanks. we are still talking about a tropical storm. max sustained winds at 65 miles per hour. awaiting an update coming in at 2:00 eastern time. again, still expecting some strengthening. now that the system is in the gulf, it has a green light. here's a look at the current stats. motion is northwest at 14 miles per hour. heading up towards the central gulf coast and we have effects going on in florida. primarily isolated severe weather potential and localized flooding and down towards miami with the tropical rainfall and you see the large burst of convection there. across the area and looking for more of this as the system maybe tries to tighten up.

been such a huge wind field and taking a while to get the act together. there's the look at the current path right now. many areas along the coastline just ready today for this. new orleans, a beautiful morning there and seeing conditions downhill and starting to see the water rise a little bit above average high tides and talking about a category 1 storm. we could easily see gusts well beyond that. of course, right back here at 2:00 with the latest and an update. for now, sue, back to you. >> thank you. todd. isaac is threatening to put a damper on mitt romney's big moment at the rnc convention this week in tampa. josh boek joining us, live from washington. you wrote a very interesting article today about some of the first-time gop delegates of swing states and interested that they try to have a unified message but it's not working that well. they have big differences. >> that's exactly right.

this is the first convention for the republicans since the emergence of the tea party and within that movement what you see, it is a desire to institutionalize a smaller government. whether that be through restricting entitlement programs or a balanced budget amendment to limit tax increases or for that matter a return to the gold standard. >> that's a nod to ron paul, is it not? >> not just a nod to ron paul. newt gingrich committed to the idea of a commission earlier in the campaign and pushed by the american principle project in the primaries so this is -- this is part of a much larger movement that we're seeing within the gop and really the essence of the gold standard thinking about it is limiting the government to influence the money supply. >> the other big issue they were united on is creation of jobs and the economy but within that there are differences in terms of how to approach that. >> well, the one thing they

really can agree on is they don't trust president obama to do it and they don't trust the concept of government spending to do it and while they have this kind of overarching philosophy of a smaller government they haven't been presented or agree upon the details of what needs to be done to shrink government spending in a meaningful way beyond saying to limit taxes and we want to get rid of the deficit. >> what does mr. romney have to say to unify the new gop delegates? >> mr. romney has to make an emotional connection with the republican base in a broader american people. that unity depends on the sense of kinship with governor romney. voting is an emotional act. it is not just an intellectual one and romney has to be able to deliver that in tampa. >> nice to see you. thanks. >> great to see you. >> kayla is back with a market flash. >> sue, ibm paying a jumbo premium for kenexa. 41% premium there.

but that's driving the sympathy trade in other human capital management stocks like cornerstone on demand, ultimate software and saba software. jive software, attention getter of traders today. if kenexa get it is premium, maybe there's a deal for one of these down the road. simon? >> thank you. let's recap the headlines. aol declaring a special dividend of $5.50 to shareholders and buying back $600 million in stock. aol stock has more than doubled over this year up 120%. food stocks hitting new highs. campbell's soup trading at levels not seen since june of last year. jm smucker all-time levels and bc to the ipo in 1959. navistar rallying. c eo stepping down from the truck maker. he's replaced by an interim ceo lewis campbell, the former head

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gaining strength in the gulf, which retailers tend to do booming business ahead of the storm and which ones stand to lose big. plus, one of our frequent disaster du jours, unlikely winner on apple's patent victory over samsung and propelling them to 11 1/2-year highs. all those things coming up at the top of the hour. now guys, back to you. >> looking forward to it. thank you. sales of tiffany continue to slow. the luxury retailer missing earnings estimates on the top and bottom line and cutting outlook but the stock is higher. the shares as you can see currently up over 7%. courtney reagan diving in to the latest results. courtney? >> thank you. another tough quarter for tiffany and could have been worse. the jeweler continues the note global economic conditions and weakness in key markets and fighting high input costs.

did i have thatny did miss quarterly revenues. and guidelines. however that new guidance still brackets wall street's estimate of 364. shares are trading at three-month highs despite the disappointing earnings because expectations were quite low. they think that the market is suggesting it's through the worst of it. comparable store sales sliding in key markets year over year and up against the strong qt down 5% in the americas, 9% lower at the new york flagship. but up 12% in japan. remember last year, japan was reeling from an earthquake and saw the big rebound this time. the retailer expects to return to growth in the key fourth quarter holiday period so still seems to shine and sparkle a little bit today. simon? >> tiffany seeing a slowdown but diamonds will always be a girl's best friend. they might also be a great

investment if you play diamonds correctly. so a diamond's the new gold. bob's done a lot of work on this airing a documentary tonight at 9:00 eastern, "the diamond rush" and went to africa's diamond mines for this one. >> fascinating spending a day there. dimes found in a handful of countries, russia, australia and canada but currently the most valuable diamond mine is located in a small african country i recently visited. around the world, the rush is on. to unearth one of nature's most precious creations. companies and individuals are digging, sifting, trucking and crushing around the clock all with one gem in sight. diamonds. and no place on earth believed to have more than here in africa.

right on the border between b s botswana and africa. they're known for wildlife and game preserves but the discovery of diamonds in 1880s to put this part of africa on the economic map. today, when it comes to diamonds, botswana, a small african country of 2 billion people is leading the charge. they call this the prince of mines. now valuable is this mine? you will have to watch tonight to find out the answer. that's why it's called a tease. breath taking to see the mine in person. it's 2 miles across and almost a quarter mile deep. speaking of diamonds, i'm standing simon and i both. get a tight shot of this. one of the largest diamonds in the world. it's an 80 carat yellow diamonds. which you can purchase from sotheby's if you like. we want to know if you can guess

how much the asking price is. tweet and use the hashtag diamondrush or guess on our facebook page. it's very hard to look at the scale of this, sue. i wish you were here. i could put it on your finger. >> i was going to say i have an issue with the producers. >> why aren't you here? >> by the way, probably a good thing, bob. >> probably a good thing. originally 128 carats. they cut it down to an 80 carat and believe it or not, that's the rough size and pretty good. normally rough you lose about half of the weight. it's hard to describe how rare the diamonds are. 7% of the production bigger than 2 carats. this is an 80 carat's has anybody ever owned it? >> it's for sale right now and brand new. >> what's the history? does it have a previous owner or snot. >> no, it's brand new from south africa. >> do you think you'll end up in

connecticut? >> where will you be, sue? what are you doing for christmas? >> believe it, it's not in the herrera household. >> amusing thing is the head of security at the edge here. >> standing there looking and making sure i don't drop the thing. the special's tonight 9:00 eastern time. >> great job, bob. i am so darn jealous. "diamond rush" tonight 9:00 p.m. eastern time. it's a terrific documentary. you cannot afford to miss. coming up next, not diamonds but a $60 million high school football stadium. yes, you heard correctly. 60 million bucks. behind the bleachers coming up next. apple's attorneys beat up on samsung's legal team. what does it mean for you and me? quite a bit actually. we'll tell you when we come back. it's already engrained in our dna. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection.

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in the poll, we asked now that samsung lost the pat ebt trial with apple, would you buy its phones and tab lets? 63% of you said, yes. 16% said, no, it changed my views on the brand and the products. 21% said, no, but for other reasons. we don't know the reasons but you said no.

joining us are john carney and brian sullivan. samsung lost out to apple. the question is, apple winning its $1 billion patent lawsuit, is the victory good for consumers? what do you think, brian? >> good for apple consumers -- >> lawyers? >> yeah, lawyers. i think consumers of apple in a way with a market moving advantage. samsung may have to tweak the apps or the looks of the phone but android phones are less expensive than the iphone anyway. i just checked pricing. even pricing going up they'll still unlocked less than the iphone and doesn't make a difference. >> a couple of my friends are already out there bragging about their contraband phones. maybe the samsung is cool because it's possibly illegal. >> you need new friends. >> right. i think that a big thing is you might actually get real innovation. we have everybody trying to copy the success of the iphone.

maybe people will have to develop real new technologies. >> it's called nokek windows 8. it's selling like hot cakes. >> let's move on to the republican convention. was it a long weekend, brian? all right. republicans delaying the official start of the convention until tomorrow. isaac is pushing along the gulf coast to new orleans. so gentlemen, john, what advice to give the gop right now? this is a delegate dance. >> absolutely. >> secht anniversary of the hurricane katrina. how do you conduct a -- >> they need to be extremely agile right here. what they need to do is say, look, we have to pay attention to where the hurricane is heading, hits and happening. we don't want a victory celebration while there's tragedies going on and to be real flexible. that's what you have to do rule and to be president. >> good point. >> you have to be flexible. disasters happen. this is a test of their merits right here.

>> what do you think? >> two things, solemn. i agree. 14 million unemployed. millions more underemployed. a tough economy, still. should be down to the issues. here's how to fix them. number two, pass the hat. the talk about taxes and 1%-ers. pass the hat. raise millions of dollars because you know people are left homeless and struggling. in the wake of this thing, raise some coin. pass it around. do some good. >> be prepared with policy right away. if we do have a disaster there and you're on the speaker's podium, say something about what needs to be done. >> all right. all right. as you know, everything seems to be bigger in texas, especially with football. and especially with it comes to high school and college football. dallas suburb of allen unveiling the new $60 million high school football stadium. it seats 18,000. and it's not even the largest high school arena in the state but it is the largest used exclusively by one team.

this is big business. in many parts of the country, certainly. but in texas. what do you think? >> i'm jealous. my high school stadium sat about 100 people including the tell. >> my didn't have one. >> we were terrible. if this is done with private funds, i don't know the breakdown, public/private. if they can pay for it, home prices go up, property tax revenues go up, all the better. they love their football down in texas but public money i give it a thumb's down. >> i have to say this is an accomplishment of texas prosperity. texas is great place to do business. on our top of states to do business and when you're making money and doing well, you can afford things like a silly perhaps $60 million high school football stadium. >> extravagant. >> who doesn't need a gold-plated urinal? don't you have one in your mansion? >> new york city -- >> on that note -- >> we had a gym. that was it. >> go get ready for 2:00. all right. simon, down to you. >> yes.

can i say what an honor to be plugging "street signs" and brian's show for once. next hour, a way to play the jcpenney turnaround. both sides in the not in my backyard controversy. that's with brian and amanda. ♪ forz(power!) andiamo! andiamo! (let's go! let's go!) avanti! avanti! (keep going! keep going!) hahaha...hahahaha! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than christopher columbus with speedboats. that's happy! get happy. get geico. fifteen minutes could save you fifteen percent or more.

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we are relatively flat on most of the major indices as you can see heading in to the last couple of hours of trade. it's interesting that we had speaking overnight from the fed and talking up the possibility of qe, sue, but the market did not run with that here in the united states. flat in to the close as things stand at the moment. who knows what will happen? >> you bring up an interesting point. ed rejoins me here and talking about the cleveland fed president and a voting member and you think she was less dovish. >> i was kind of surprised. she was dovish as she normally is and expect and maybe not as much as and basically saying that, you know, it's very possible that qe will have limited returns and i thought that was a little more dovish than anticipated. >> what about the euro? >> okay. euro longs had a great week last week and euro longs over the skis here, ahead of themselves. they very likely will be