jeff killberg, by the way, played college football at notre dame. so we will not be defeated. we'll do it tomorrow. herb is going to be here as well. >> completely insane and hopefully not a total disaster. by the way, check out our documentary tonight, 10:00 eastern time on cnbc. >> "closing bell" is next. hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. this market higher, following better than expected earnings and economic data, but we're off of the highs. >> we're well off the highs right now, maria. i'm bill griffeth. the dow is up for four out of the past five sessions. the s&p and the nasdaq are on pace for a five-day win streak. all of this, despite the fact that dow components exxonmobil and 3m are in the red today after those disappointing earnings results. we have much more of the rally and whether this can last, all coming up. >> do you remember the guest we had on who predicted exxonmobil would raise the dividend?

that's what we're seeing today, certainly. we heard it here first. we've also got some big exclusives coming your way. we'll hear from the two biggest names in coffee. dunkin brands nigel travis and starbucks' howard schultz will join us. >> we'll also speak to the ceo of u.p.s., one of the biggest economic barometers around. we'll see if he's seeing a pickup in business around the globe. that stock has been up about 2% today. >> let's check where we stand for the broader markets. the dow jones industrial average up at 45 points, as you can see there, but we are well off of the highs, which really were reached about -- in the morning and stayed there. >> we were up 92 points at the high. >> thank you, bill. s&p and nasdaq look like this. we've got some gains there as well. nasdaq composite up about 22 points and the standard & poor's higher by about half a percent, eight points higher. s&p 500 on track for a five-day winning streak. let's check in bob pisani. >> i thought we might hit a new

high. we still have a shot, but we're off of it. the s&p, 1593. that would be an historic high. we got over that, that would put us into new high territory here. and it's actually been, the s&p 500 up about 2% so far for the week. it's rotation, folks. look at the major sectors, into cyclicals, your materials, your energies, your financials, and out of consumer staples and telecom, yours more defensive names. there's two bright spots in the u.s. economy that are shining again today. construction and aerospace, the home builders, all had good earnings overall, near new highs. take a look at the aerospace group. yes, this concern on the defense side, but commercial aerospace has been great. the chicago board of exchange, they're back up and running. there was a technical glitch that shut them down for over three hours. that he did say it is not hacking. i strongly suspect that this was due to a software grade.

other exchanges haad glitches that are similar to this in the past. regardless, bill, lmaria, it is not good that a major exchange was shut down for over three hours today. i'm sure it's going to be a lot of work figuring out exactly what went wrong there. >> we'll be talking about that, i'm sure. thank you, bob. let's get to our closing bell exchange. we welcome back danny hughes, and michael pento. he's also the author of a new book called "the coming bond market collapse." i'm guessing that's not a children's book, michael? >> you don't brick that to your bring your kid to work day. >> not today. danny, you make the point that all news right now for the markets is good news. >> that's the environment that we're in right now. good news is great. bad news means more monetary stimulus, which obviously has been great. that's the environment that we're in. we're seeing, you know, bad news still move stocks upward. we're seeing good news move stocks way upward.

and you can't rely on just saying, well, the earnings were fantastic, and that's why the stock is doing x, y, z. you've got to look at the fed, at what's happening with monetary stimulus. and we'll see more than that, because austerity measures are being pushed back, and that will be great for financial markets and the stock market as well. >> that's a really good way to put it, dani. jamie kelly, let me ask about your thoughts on how the to make money this this environment. what sectors dupe to s do you exposed to this year? >> first of all, i think there's a fair amount of good news. looking at the earnings season, it looks like operating earnings will be up about 7% year ago. tomorrow morning, we're going to get a gdp number, about 3% real growth in the economy in the first quarter. so we have some good news here. going forward, i think over the next few years, and maybe even over the rest of this year, i think the issue is, what's the most sensitive to rising interest rates. i feel much more comfortable

about things like phenomenfinand consumer cyclicals. i don't want to be in some of those cyclical sectors. the company is taking a lot of austerity right now and it's surviving that. but if it does a little bit better later on in the year, i think we'll see those loan rates begin to move up and i want to be protected against that. >> austerity. >> and i was going to say, michael, to some degree, that's what your book is about. the question is, how fast those loan rates will move up, right? >> i don't consider $850 billion deficits that were four years in a row at north of $1 trillion austerity. i don't really know why interest rates at zero percent, that will be that case for probably seven years, any semblance of an analysis be considered austerity. >> austerity -- no, austerity has to do with the rate of change in a deficit. this is what europe is getting complete wrong. you know, they have austerity not because they don't have deficits, but because they're trying to push them down too quickly. this year our deficit will going

from 7.0% of gdp to 5.0% of gdp. that's actually not a bad thing. we are making some progress here. that is slowing the economy. we're just managing to survive that. >> how is that slowing the economy? you want to bring your debt and deficits below the growth rate in nominal gdp. we're not even close to that. we have to bring our deficit down as a percentage of gdp. we not only have to do that, but bring the nominal level of debt down and we're nowhere close to doing that. we're building that by $800 billion -- $850 billion this year alone. it's unsustainable. >> let's talk real world here. there is a payroll tax increase, which is hurting at of individual americans this year. we've had a sequester, which is hurting spending too. we know that this is slowing the economy. you know, if you've got somebody who's 300 pounds overweight, you know, you know they should be thinner, but you need to do it gradually. and we need to bring these deficits down gradually. so bring them down gradually -- >> how gradually do you want to do that, though? how gradually -- we have added

$7 trillion to our publicly traded debt since the great recession began in december of 2007. that's an increase of -- >> we are getting off of the subject, gentleman. we are getting off of the subject. i understand this passionate debate, though, because the debt and deficit has been -- >> it's key to the future of our economy, that's for sure. >> for sure. dani, bring us a little more shorter term. not necessarily this long-term debt and deficit story, which is going to be with us for a long time. >> eventually, we're going to pay the price. but the hope is that we'll pay the price over time, that we work it out. and you know, from the aspect of the earnings that we're seeing, you know, there have been some disappointments, it's true. but overall we think that it looks great over the long-term horizon. so there have been some companies that have looked out over the next quarter or so and said, things might be a little iffy in europe or we're watching, you know, what's going to be happening internationally, like u.p.s. has said. however, we think that, overall, we're moving in the right direction.

and i'll take slow growth anytime over -- >> i mean, we have no revenue growth, really, at all. and you cannot continue to grow your earnings if you don't grow the top line. i own my own company. believe me, if my revenue, if my assets under management were shrinking, it's a ticking time bomb before i close the doors. so i can't see how you can be upbeat about the earnings cycle that we've seen. and you can't ignore the fact that from june of 2003 to june of 2004, interest rates were 1%, and that engendered the housing bubble. and now we're going to have interest rates at zero percent, for which will be at least seven years. look at that artificial stimulus that you're giving to the economy. can you believe that's happening without any significant ramifications? those ramifications will be deadly. and we should deal with them now. >> i'm guessing you're short bonds right now? >> yes, i am short bonds in the portfolio. absolutely. and i will becoming more short bonds as time goes on. either the fed is going to brick this bubble, let's say the money multiplier kicks in, and the fed

has to unwind their $4 trillion balance sheet, stop qe and unwind the balance sheet, that will never happen. so i'll wait for the free market to say, we are growing our debt. our deficits right now are 40% of our revenue. and in three years' time, if interest rates just slowly normalize, the interest expense will be 40% of our entire revenue. that is a ticking time bomb. that reminds me of greece. >> how come the market hasn't reacted yet? this is not new information. it's all very accurate and smart, that you're bringing it to the forefront. but how come the markets haven't reacted? >> all i would tell you to do, maria, put up a chart of the greek ten-year note and watch how it merrily bounced along at 3.5% and closed its eyes to the impending doom, and in the matter of about a year, was up 240%. that was, i'm sorry -- >> the u.s. economy is not even close to greece. >> why are we not close to

greece? >> because our debt-to-gdp ratio right now is about 70% -- >> no, no, no, i can't let you get away with it. it's over 100 if you include the intergovernmental debt. let's use all of the debt. >> but we only have to worry about the money that we borrow -- >> so you're going to tell people who paid into social security, you just canceled it. you just canceled medicare and social security. you've just done that summarily today on the program. >> i agree that monetary policy is too extreme, but we are gradually working our way through a fiscal problem. and if we did it any faster, we would cause -- >> mr. kelly -- >> do you think the president -- >> 5% of gdp. >> the last gdp report we had was 0.5%. >> and tomorrow will be about 3%. >> do you think the president and john boehner have these kind of impassioned debates? do you think -- no, seriously. do you think that the president and the speaker of the house are having the conversation you guys just had? >> i think they are playing politics and only care about

maintaining power, and they don't care about our children. >> they should be having your conversation. thank you, gentleman, thank you, danny. always wonderful to have you on the program. >> thank you all for your -- that's party of the water cooler discussion going on these days. >> absolutely. i just hope the president and john boehner are having a talk. >> let's hope so. >> we are in the final stretch. we've got about 50 minutes before the closing bell sounds. we're well off of the highs. >> art cashin came by a little while ago and said the bias was to the downside and it started move right after that time. all right, dunkin brands reporting a slip in first quarter earnings today. that stock is still higher, adding to its nearly 20% gain so far this year. when we come back, we'll talk exclusively to the ceo, nigel travis, and find out how a glazed donut breakfast sandwich tastes. then we'll take a sip from a different coffee giant, starbucks ceo howard schultz will join us for an exclusive interview. >> and that's not all. a special delivery coming to the

new york stock exchange. the ceo of u.p.s. will be here to talk about his company's earnings as well. and that's not all! the president of harley davidson, whose profit roared to a 30% jump in the first quarter, is a closing bell you definitely cannot afford to miss. stay tuned. [ male announcer ] it's the little things. the little details. the little moments that make life truly amazing. that's why southwest worked hard on the little and big things to build a better in-flight experience featuring access to wi-fi, live tv, and updated cabins. getting there just got better.

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another good day for oil, but a mixed day for oil stocks. bertha coombs is at the nymex to round up today's energy news. bertha? >> we saw a big move up today in terms of wti nymex crude. the concerns about the situation in syria, also the weak dollar as well. supported to crude prices. we ended the day at a two-week high with a really strong technical move above the 50-day and the 200-day moving average today. brent also higher on a report from reuters that a major pipeline in the north sea may be shut down for almost all of june for maintenance, and that could limit some production there. you know, oil prices moving up today, but they are still off more than 10% from a year ago, and that is posing headwinds for the big oil and gas producers. exxon's earnings, just topping

expectations, really on its chemicals and lower tax rates. conoco earrings were right in line for the first quarter. what's interesting is both of these big producers saw production come down, as it's more costly more them to produce overall, globally. although the u.s. is one of the places where they're producing the strongest. in exxon's case, it was up 2% here in the u.s. for oil production. in the case of conoco, they have strong representation in the bakken shale and also down in the permian base and that production was up more than 40% from a year ago in that quarter. bill? >> bertha, thanks so much. i'll take it. amazon and starbucks headlining a big day for earnings after the bell. meanwhile, josh lipton with a preview of what we can expect. josh? >> maria, some big names reporting after the bell. let's review them. first, amazon up today, up some 9% this year. the street looking for 8 cents on sales of $16.15 billion. that would represent a 22% year over year increase. the company making news this week on reports that it will

release a set-top tv box later this year. another name to watch, expedia provides booking services for hotel rooms, airline tickets, rental cars reported $34 billion in gross travel bookings last year. today, analysts looking for 23 cents on revenue of $968 million, a 19% year over year jump. that stock, by the way, up some 100% over the past 12 months. a couple names in the gaming space we're going to be watching for, win resorts, which operates megaresorts like wynn las vegas and wynn macau. analysts expecting to see $1.56 oon revenue of $1.38 billion. the stock up some 20% this year. and we're watching international game technology, the company manufactures gaming machines, including some of the most recognizable slot machines in the industry. igt, up some 22% so far in 2013. and we'll end here on starbucks. expected to report eps of 48 cents on revenue of $3.59 billion, which would represent a 12% year over year jump, some

11,000 locations now in the u.s., 7,000 units in 60 countries. howard schultz, starbucks' ceo, in a cnbc exclusive coming up on the "closing bell." maria, back to you. >> josh, thank you so much. we've got 40 minutes before the closing bell sounds for the day. we've got a market that is higher, although well off the highs of the day, up 29 on the dow. >> you're going to be talking about cabelas, right? >> yes. >> this stock, it's up 390% in the last five years as gun and ammo sales spark better than expected earnings, to say the least. but is it too late to get in on this stock? we'll look at the charts, coming up. >> also, senator tom coburn taking a look at the faa, creating big delays at the nation's airports to lay out his solution to the problem, coming up on "closing bell." stay with us. announcer: where can an investor

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industrial average go from 135 points to negative 12 in under a minute and a half. >> an ap twitter feed has been hacked. the dow really cascaded there before zipping right back. >> the sellers are not too happy. >> one of the things that washington's going to take from this is a look at how twitter plays with wall street algorithms. >> technology has changed everything. privacy is gone. and so is your ability to easily sift through information. welcome back. shares of outdoor gear retailers cabelas surging again today, up 14%, up better than 50% year-to-date. today the company reported better than expected earnings. where is this stock headed next and how could it impact or be impacted by the national debate on gun control? we're doing talking numbers on cabelas today. on the technical side of the story is richard roth, a global tech strategist with auburn gracen. on the fundamental side of the story is zack carabell, a cnbc contributor. rich, what do the charts look like? is it too late to get into

cabelas? >> this is a true american success story. we see a stock up 225% from the 2011 low and it's tracking this well-defined trend line. today we're up 14%, breaking out to a fresh all-time high. i'm a buyer oen the breakout alone, but i really like this head and shoulders continuation pattern, within the context of that uptrend. that projects measured upside to $72. that's 12% from here. i'm a buyer of the stock on this breakout. >> does the fundamental side of the picture match up with technicals? >> hunting, fishing, crossbows, it's a bulls's-eye from a technical perspective. one, momentum's in its favor, but the momentum is only in the favor of any stock until the momentum stops. and i'm always uncomfortable getting in front of a company like this after that kind of a momentum, which is the opposite of a technical read. the fundamental issue i have, and this is a personal one, i think gun ownership is fine at a

person level. i prefer not to put my money into companies where there's a political dynamic that i would prefer to see otherwise. same thing with tobacco companies. those kind of variables when it comes to investing decisions are as valid as other decisions. >> it's not necessarily that the fundamental story is not right, this is just not a stock you want to touch because of the political implications? >> and by the way, those political implications if the debate turns in a certain direction could be negative for a company with fundamentals such as this. >> but maria, i believe in a separation of chart and state. the number one show on cable last week, just edging out "talking numbers," was a show called "duck dynasty." it's about a family of duck hunters. cabelas is almost a pure play on that polluter. this is the anti-lululemon. take advantage of that trend toward camping, fishing, hunting. we've been doing it for thousands of years and we'll keep doing it. cabelas is the stock to own.

>> you can wear your lululemon while hunting. it is a known fact. >> thanks, guys. great arguments on both sides. we'll see you soon. wee appreciate the time. tonight, don't miss the premiere of "america's gun: the rise of the ar-15." brian sullivan will explore the nation's most popular and feared firearm, which is at the center of the ongoing gun debate. that's tonight, 10:00 p.m. eastern, on cnbc. we're really losing altitude here. >> yeah, we are. >> look at this. >> market up 14 points. the market has been selling off going into the close. we are way off of the highs of the afternoon with just a gain of 12 points on the industrial average. >> we will look at that as we go on. in the meantime, show us the dunkin's glazed donut breakfast sandwich. >> wow! >> two glazed donuts -- is that egg white? >> i don't think that's egg white. i don't think so. and you recognize the bacon as well. it's all there, a lot of moving parts and pieces there for you. maria bartiromo. we'll look at that, the recent

decline in coffee bean prices, the earnings. it's all there with ceo nigel travis, joining us exclusively, straight ahead. >> how many calories do you think that is? >> a lot. >> do you think nigel knows? >> i'll bet he does. >> and then we're going to hear from one other titan, the other titan in the coffee world, starbucks ceo howard schultz will be with us, break down the earnings the moment they are released and find out how the business is released. stay with us on "closing bell." tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412.

okay. we have lost a lot of ground in the last hour or so. the dow was up 92 points. now, just an 11-point gain. we did hear that the bias was to the downside in the close. otherwise, more sellers moving in than buyers. more stock was for sale than to be bought in this last hour. there have been all kinds of -- chairman bernanke speaking, has been speaking, but hasn't really said anything that we can hear of that would ignite some selling in this market. so we're still working on it. >> and you have seen him make comments before we went on the air. and yet everyone's talking about them on trading desks and on -- >> fed boiler plate. >> why it would be so impactful now, a few minutes going into

the close, is a surprise. >> art cashen came by and said he's style convinced this is more just the stock that was offered for sale here on the close. but it is a rather dramatic sell-off we've seen in the last hour. we're still working on some of the reasons why as we head towards the close. and we have a lot of earnings coming out, as well. in fact, dunkin brands shares -- oh, all right. before we get into dunkin brands in just a moment, let's get to eamon javers in d.c. with more perspective on what's going on. >> well, f-soc just finished up a meeting here and at that meeting, they sort of laid out for you the seven things that can keep you awake at night in global financial markets right now. now, remember, the f-soc is an organization that was created to go out and find the systemic risk in the system and find things to worry about. in their new 2013 report, which they just authorized a few minutes ago, they lay out things you should worry about. let me give you some of the

highlights. they talk about operational risks that can cause major disruptions to the financial system. they also talk about the vulnerability to runs and wholesale funding markets that can lead to destabilizing fire sales in the words of chairman ben bernanke, who spoke at the meeting just a few moments ago. the housing finance system, that continues to rely heavily on government and agency guarantees, while private mortgage activity remains muted. also to worry about a couple of more. the reliance on reference interest rates, particularly libor, which show a vulnerability to manipulation and the need of market participants to be resilient to interest rate risks. also, long-term fiscal imbalances and the absence of bipartisan agreement on the fiscal adjustment. they say they have raised questions about whether long-term fiscal problems may be resolved smoothly here in the united states. and finally, another one of the seven things to worry about here. the united states' sensitivity to possible adverse developments

in foreign economies. all those issues, big, sweeping, huge things in global finance, also on the minds of regulators here in washington, and that's what they were chewing over at this fsoc meeting, which just concluded a few minutes ago and this report has just been authorized and should be released very publicly pretty soon. >> eamon, thanks very much. i did see that line from bernanke that vulnerabilities remain in the market. well, we all know that. and if that's what's bringing the market down here, yes, there are vulnerabilities in this market. >> what about the german bank's comments, though, on the bond purchase program? >> they've proposed bond purchases from day one. that's nothing new, right? >> doesn't feel like there's anything new, yet it is impacting the market. >> that's right. there's nothing new in here. these are big, sweeping issues that the fsoc is considering in an annual report, which has just been released. but these are things that they're worried about. their job is to go out and look for systemic risk. this is what they're spotlighting. and on the idea of operational

risk, in the light of recent days, one of the issues they talked about is cybersecurity. and we saw within the past couple of days how cybersecurity can impact markets in a negative way. also, they're talking a little bit here about market infrastructure. so some things that we've all known have been problems, they're sort of collating them all in one place at one time. and, you know, this report will give you the cold sweat if you read it tonight, because there's a lot of stuff to worry about. but a lot of stuff that we knew was out there to worry about. >> that was the purpose. when you gather to decide what could go wrong, then you start to sweat a little bit. thanks, eamon. >> you bet. >> okay, to dunkin brands we go. shares have been getting a boost in today's session on the first quarter results they released. and while profits took a hit, due to higher costs and some other accounting situations, topline growth got a healthy boost with sales at u.s. dunkin' donuts locations coming in higher. >> so in this fiercely competitive market, how will dunkin brands keep on growing? joining us now is dunkin brands ceo, nigel travis. good to have you on the program.

thanks for joining us. >> good to be back. >> so this quarter's results, earnings slipping basically on higher expenses, but the top line getting a boost. talk to us about the quarter and what drove business. >> we felt very pleased with the quarter. we were very pleased with our development number. in terms of the financial numbers, we look at eps, which grew by about 16%. adjusted upgrade in income grew about 12%. we were very pleased with our adjusted dunkin comps of 1.7, because we were going against some very strong weather comparisons from last year, as well as some very difficult weather in the northeast, which i'm sure you're very familiar with. >> oh, yeah. >> and we were also very pleased with both our international business and our baskin robbins business in the u.s. but the real standout was our 78 net new stores for dunkin' donuts in the u.s. that we developed. >> and it would occur to me that

the baskin robbins line you have is more susceptible to weather that the dunkin brands. people will still get their coffee, but less likely go get ice cream. >> that's right. we were very pleased with what sounds a bad number at first sight, a negative 4.4 for baskin robbins, but we had a 600 negative weather impact. and you're absolutely right. one of the things we're working on for baskin is to weatherproof the business. and we think a big initiative that we're really pushing with a lot of steam is our ice cream cakes, because they tend to be occasion driven and they don't so, if you like the day ritual that dunkin has. >> and they happen to be delicious. >> how about deep fried ice cream, right? they're deep frying everything else these days. >> well, yeah, but i don't think we're going to be doing that yet. but maria, ice cream cakes, they're great for occasions.

i've got small kids and they love them. >> on to this other thing that you're looking at. >> your specialty sandwiches help a lot. >> the specialty sandwiches, you've got a dunkin' donuts glazed doughnut breakfast sandwich. look at that. i mean -- >> well, yeah, we've got that. >> is this some of the ways you're going to try to set yourself apart from the competition. nigel, you've got to tell us how many calories. >> we heard during the commercial break this is 360 calories and somebody here doesn't believe that. >> there he goes, ladies and gentlemen. >> so here it goes. here's the facts. firstly, this isn't the doughnut sandwich. i have to give huge credit to cnbc. we are testing the doughnut breakfast sandwich in a few stores. i didn't even know we were testing it, but cnbc found out about it. >> the ceo is always the last to hear. >> yeah, exactly. that's only 360 calories? come on? >> how many calories is that, nigel? >> maria, it's 360 calories, but this is the one i want you to

think about. this is our turkey sausage breakfast sandwich. we had it in january. it was so popular, it helped drive our comps in a difficult weather quarter and we're bringing it back next month, full-time. it's below 400 calories and i love it. our customers love it. and you can eat it and feel good about your weight at the same time. >> well, it certainly has a look there. >> yes, it does. >> what would be the appropriate growth level, nigel? talk to us about -- you're talking to investors here. what's the appropriate growth level of dunkin over a five-year, in the future, long-term? >> okay, so, when we did the ipo, which is about a year and three quarters ago, we talked to getting to 5%. the top level of our guidance for this year is 5%. we've been talking to investors today who, by the way, are absolutely delighted with our performance. and they're pushing us to go even higher. they've even accused me of holding down the number. but we want to develop great stores. it's all about our franchise

economics. it's all about our franchise relationships. and, you know, we've got over 50% of the u.s. still to go. so i think down the road, you will see more than 5% growth in dunkin u.s., and then on top of that, we've obviously got our other brands, baskin is coming back to become a growth business, and international, we really think we're going to continue to develop that business very nicely. so a lot of growth, a lot of new stores, and coming back to the u.s., no one else has got the kind of space that we have to develop in the usa. >> what about starbucks? >> starbucks, great competitor. and i have to call out howard, who sent me a very nice note a couple of weeks ago in the middle -- or last week in the middle of the boston tragedy. we're competing with them very nicely. but we have other competitors besides starbucks. but what people often forget, and it was interesting, i came out this morning to see who they're promoing this afternoon,

we don't think of starbucks as our direct competitor. we're very different companies. we're about franchising, they're about corporate stores. they're very much about coffee, we're, as you've said, about breakfast sandwiches and a bakery. both hope to do extremely well. >> thanks so much. stick around. our coffee talk is not over yet. coming up, starbucks ceo howard schultz breaks down his company's earnings exclusively right here on "closing bell." we'll find out whether teas and juices are propping up his bottom line. >> my favorite line, when you look at that breakfast sandwich, well, it certainly has a look to it. i don't think she's rushing out to get one. >> 20 minutes before the closing bell sounds for the day. we've got a market that is higher. so we're back off the lows. 30 points on the dow. >> meantime, the delays keep piling up at the nation's airports thanks to the budget-related faa furloughs, the sequester.

republican senator tom coburn says the white house is playing politics by not prioritizing which airports should be affected. he joins us next to lay out his solution, coming up. [ male announcer ] this is betsy.

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when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. well, more delays at the country's airports. hampton pearson is right now at reagan national airport outside of d.c. with the latest on these faa furloughs. hampton? >> reporter: well, maria, what we've seen now is for the past three days, a pattern of thousands of flights being delayed, hundreds canceled, about 6,400 a day of delays, 400 plus flights being canceled. that's having the impact of putting a lot more heat here on lawmakers and the white house. lawmakers basically calling this a managed crisis on the part of the administration.

the administration beginning to show, perhaps, some interest in getting some sort of faa-only fix. that's a tricky thing going on, and it's really dependent upon what happens in the senate, because the senate's due to go out for a week-long recess after tomorrow. in essence, if there is a legislative fix, it involves basically giving the faa more flexibility to go back into some of its own budget accounts that aren't impacted by the sequester, get the money necessary to get the controllers back on duty at airport towers and air traffic control centers around the country. because, again, the numbers don't lie. you've got the major hubs, chicago, newark, and dallas-ft. worth, among others, experience about 30% delays on flights around the country. back to you. >> all right, hampton, thank you so much. of course, the federal aviation administration is blaming these flight delays on the sequester, as the senate moves to fix faa furloughs. >> our rick santelli is with us,

so is senator tom coburn, the senator of oklahoma. senator, i know you're on a tight schedule. we'll get you out of here in a moment. rick, you first. >> you're receiving e-mails from faa employees attending meetings where they've been told to make these furloughs as hard on the public as possible. how can we have a government or a secretary of transportation that allows this to occur? it's reprehensible. >> well, you know, first of all, these are great american people who work for the faa and they know this is a game that's being played. i agree with you. the fact is is the 2013 budget request by the obama administration is essentially the same level of this post-sequester faa budget is. so it's all a game. and it's the desire not to trim the size of the federal government and hurt the american people, the american airlines, the businesses that are dependent upon it, and do it in such a cynical way, as they think the american people are going to believe this.

the fact is, they're still keeping on board to train people, even though they're shutting down the schools. so they are going to be paying people, instructors, who have nobody to teach. but they're not going to furlough them. they're furloughing the controllers, and there's 650 fewer controllers now than there were in 2010, they're making a ton more. they don't need anything new to change and fit within this sequester. it's all dishonest. >> senator, you know how all this works very well. i mean, the sequester was designed as a draconian, last-ditch issue if no other agreement could be reached in washington, to bring the deficit down in a more balanced fashion, to use the president's term. i mean, we're going through right now this mindless cut in spending around the country -- >> that is just not facts. >> but what i'm saying is -- >> let me finish my point. >> all right. >> the fact is that the faa, with no increase in budget, if they wanted to, could do that.

that's what the people at the faa are saying. they don't need any flexibility. this is rank plitism of the american public. so it's all a game. it's not true. it's not real, it's cynical and it's shameful, what the faa and the department of transportation and this administration is doing. >> so where's is accountability? i mean -- >> there is none, because the administration -- >> are you saying that the faa is trying to make things more difficult for the american people? just to prove a point? >> maria, when a management tells the union people, we want you all to take your furlough the same day so we shut down the airlines in america, i would tell you, there's where your problem is. >> wow. >> rick? >> well, senator, thank you.

one final thought. you have rifled off a letter that is very scathing, your second one. i would like you to come back and tell us what the labor -- or, excuse me, the transportation secretary's excuse is on the second go around. >> they won't answer the letter. >> well, thank you for attending. >> they're not answering the letter? >> they're not answering the letter. >> he's predicted that they won't. >> well, they didn't answer the first one. >> they didn't answer his first one. go on, senator. >> they're not answering the letters because they can't justify what they're doing. and if you all and the press don't expose this hoax, then there's something more wrong with america than what we think. >> hey, senator, what do you think it's going to be like when the government takes over health care?! are they going to stay, i can't get a stent if i don't vote right? >> well, pretty dangerous stuff. >> we're going off on a dangerous curve. >> thank you so much. >> is my battery good ear? >> rick, senator's walking away. he's got to get back to his

office. >> he's gone, rick santelli, and senator coburn. >> my turn. we're headed towards the close. 13 minutes left here. we're up 36 points on the dow jones industrial average. >> we're going to go on the floor and talk to ben willis and explain why this bull market isn't showing too many signs of slowing down. yes, we were off of the highs, but we're coming back. up 36 points on the dow. back in a moment. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy.

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welcome back. we're about ten minutes from the close. markets, s&p 500 and nasdaq headed for a fifth straight day of gains. want to get more with bob pisani and ben willis. good to see you, ben. what just happened in the market? we were coming off of the highs pretty significantly on that bank report. >> there were a couple of stories that combined all at once. it was a bank story that they are against the omt. not a surprise. that is something that's been their stand forever. >> in other words, they're against more bond buying. >> correct. open market transactions. the -- yeah, what a surprise. >> so the germans are against it, but the follow-through on that is that this puts more of an impact on their high court's decision on the participation in the european union and ems

system. >> european stability mechanism. that's the big one. that's the permanent rescue fund that's out there. if that's called into doubt, it's a little bit of a problem. with all that said, i'm not sure that's the reason. >> worst-case scenario, conference in washington, that eamon javers told us about, he didn't say anything. >> nothing new. the bottom line, put up the s&p 500. at 2:00, we start getting the first indications of the market on close orders. what people want to put in at the close for their final buy and sell orders. and it was -- the indications are that it was drifting more toward the sell side, almost immediately, and picked up a little towards 3:00. so, look, the bottom line is, people watch these market on close orders, they start coming out at 2:00, and people saw that they were more towards the sell side and people, i think, probably lightened up on their situation. that's the immediate effect, what the cause was, maybe it was, maybe it was not. >> where do you see the buyer still? >> there is -- the oddity is there really the no conviction. the internals in the market are telling me this market's

leadership continues to be weak. but it's been a hell of a fight, trying to say that this bull market is ready to roll over and it's not. today we're seeing a different rotation. the leadership seems to be in the basic materials, the higher bat issues as opposed to the defensive plays that had been leading the market. >> up to one point, when there were discussions about whether or not syria has these chemical weapons, that seems to push energy prizes higher, to some degree. and energy was leading the stock market higher for a while, right? >> the basic material groups's in the energy. >> but it never really stopped the rally. ben's got the key opponent here, we're in a new rotation this week, where basically it's up 2%. energy, materials, financials and tech are up and consumer stocks are lagging behind after several weeks. this is fairly healthy, to see this kind of move and out. traders are moving around -- >> that's the scary pond. >> it is very healthy. it's something we need to see

for the bull market to continue. >> a common denominator in all of this is the lower dollar. usually our markets follow the higher euro. that seems to be what's going on as well. >> the whole currency trade continues to be the talk. whether it's the bank of japan and the g-20 getting involved saying, you know what, it's okay if you go over the -- way outside the perimeter on your theory and see where it takes us, because call it a template. if it works for the bank of japan, maybe that's enough of an argument to let germany losen up some. >> what are the catalysts next week? >> we'll get more earnings. we've got 35% of the s&p 500 reporting, and the one clear trend is the top line number is lighter than expected. so you could see this on the big industrial names. we saw this with 3m today. their disappointment is in europe, they're getting negative 1% growth in europe. instead of 1 to 2% growth in the united states, they're getting 0 to 1% growth. the top line numbers aren't m o

coming in strong enough. the market just keeps moving. >> 3m down 3% today, and that's a much better bellwether for the overall market, particularly the world economy, because of its exposure, not only to the industrials, but to the consumer side of the equation, and yet the dow managed to continue -- >> u.p.s. was stronger. >> we were one point from a closing historic high on the s&p today. we were 1592 -- >> and we're losing altitude right now. thank you for your thoughts. we'll be back with the closing countdown here in just a moment. >> and amazon and starbucks moments away from reporting their earnings for the quarter. we'll have the instant analysis when they come out. and don't miss an exclusive interview with the ceo of starbucks. he'll break down the results right before he speaks to analysts. stay with us. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation.

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[ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ two minutes before the close. this is what happened today. the dow, higher. we have jobless claims that were better than expected this morning. some earnings, high-profile numbers like from u.p.s. that were better than expected. we'll be hearing from u.p.s. ceo coming up in just a little bit. sideways today until the close. we'll get to that in just a moment. hold that thought right there, as we continue to lose altitude. we had a high of 92-point gain for the dow at one point. now we get the earnings tonight, after the bell, starbucks' ceo howard schultz will join us, moments after these numbers come out, they're expecting a profit of 8 cents on $16.15 billion in revenue. the stock is up 1% right now.

then amazon reports. they're expecting 48 cents on revenue of $3.59 billion. matthew cheslock, what just happened today? what was this all about? why the sell-off here? we had that 92-point gain and now we're up just 12. what do you think? >> well, one company i've been looking at all day is exxon. exxon's a leader, biggest market cap leader in the world. >> exxon was a drag, 3m was a drag. >> these are two monster companies in the dow, so i'm not surprised to see the market retrace a little bit. i think it was a little frothy during the day. we're going up to a bit of a time retracement, and i think it's getting a little tired in here. but we've consolidated nicely. you can't say that this market is done. >> so when all is said and done, maybe this was just about earnings today? some of the big guys didn't come in with the numbers that the market was expecting. >> a lot of people are starting to say, is the market really that great? that's something we'll focus on going forward. we've got two big earnings tonight and we'll watch them

going into tomorrow. >> very good. thanks, matt, see you later. yes, those two big earnings coming up. amazon and starbucks report momentarily. and you'll hear it directly from howard schultz of starbucks as well, exclusively on the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the nasdaq, the s&p 500 now on a five-day winning streak, but stocks are closing well off the highs of the afternoon. here's a lack at how we're finishing the days on wall street. the dow jones industrial average on the upside by about 27 points, off the best levels of the afternoon. s&p 500, picking up 6.5 on the session. a roller-coaster ride for the day. we'll bring you some important earnings coming up in the next few minutes. but first, let's get to bob pisani with this volatile day.