of debt being auctioned. >> have a great weekend. >> what a week it has been. great data pretty much all around. why are we headed to our second worst week for toks? how does a nearly broke nation pay to fix it? we have a plan. one man says made him a millionaire. we have got a new way to serve beer and cronuts.

not donuts. >> something has been happening that we have not seen for quite a while. the s&p and the dow are down. they are on track for their second worst week so far. >> are we any clearer or are we more confused into the future of the policy that we're going to see at the fed and where the markets stand? >> i think mr. bernanke was very clear and -- >> i'm not so sure that's it. the big question that everybody has been discussing is is this week an inflection point.

the heavy volume that we see and some of the volatility mid-week. the dollar yen fluttering. the s&p 500, i have pointed out we are now three times this year in march, april, and now right now we have had declines of about 2.5%. the other two times in march and april they proved to be very fleeting events. a lot of people are watching this like a hawk. finally one area did get the attention here. i think that.

>> what a week it's been. every single piece of economic day thta that we got has beatena big way. remember, existing home sales, highest levels since 2009. and the big number, durable goods jumping 3.3% and that, my friends, doubled estimates. big numbers. why has this week been so weak for stocks. >> let's find out. are you able to take a track at answering brian's question?

a few good data points is not necessarily going to be that. i don't think that these points necessarily point to that. i think the market is probably going to eventually resume its confidence. >> i think the numbers were actually very good. and in particular you are looking at durable goods number. and when ever you see this type of a pull back that we have seen, there seems to be a floor for stocks. as long as quantitative easying, and i suspect it may be through the end of this year, we may see some tapering.

>> getting back to the whole issue, maybe good news and bad news for the market. >> it really just depends. i think he is absolutely right. as long as the fed is sill in the picture, that will be supportive for the markets. the market will look forward and start to price out the fed. >> you're absolutely right. that is definitely a concern that the market starts to price the fed out. he intends to continue this program. if he pulls the plug, it could

unravel. the fed and ben ber yeah key are going to err on the side of caution. >> bottom line what do we do if we own stocks? do you sell? buy bonds? >> i love alternative investments. i still think you have to re man remain. >> this is a compelling story. it's a great story. earnings in the s&p 500 are up

128%. the s&p is up the same amount. earnings are a big part of this story. seems to be one of the broad narratives that seems to support every aspect of the move higher. and the macros remain quite positive. >> we're going to have to bring you guys both back on. don't shake your head. it's a friday. >> we should be happy. i would be more worried if the market kept on going up every single day. for me that would be more of a concern. we need to pause. digest like a meal. a good meal. >> a plan that may not be able to fix our crumbling infrastructure and help bring

back corporate trillions from overseas tax free. is it stupid? >> solving america's problems in a two-step program. babies are the reason there are a lot more women traders? fast money is weighing in. is that two sets of twins? we have been on a diet all week. this is a cronut. we don't know what it is. we're going to eat them all coming up. ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future.

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>> all right. some dramatic video right there. last night the bridge collapsed over the river north of seattle. a truck hit part of it. a truck hitting a bridge should not cause it to collapse. this bridge had been labeled functionally obsolete. why? it's at the lowest level more than 20 years.

here it is. create an infrastructure you allow companies to repateuate their oversees dollars tax-free for five years. the ones that would have gone taxes. if it works could provide billions if not trillions.

repatriation. companies have a duty to shareholders to reduce shareholders. there it is. let us bring in former pennsylvania governor. i made this plan. it's far from perfect. what do you make of it? you're saying that only 35% tax rate of that? >> that's right.

>> first of all, it's a great idea. there is a congressman who has legislation for maryland along those lines. it's not quite at 35%. it gives too much of a tax break. corporate america could get a tremendous pr plus. they could get a tremendous amount of jobs. let's say this produces a trillion dollars. we're told, brian, that $500

billion from the taxes and 500 billion that the federal government would match. we're told that infrastructure spending can produce 25,000 jobs. think of all of those well paying jobs who would buy from those corporate entities that are doing there. saying we have to spend $200 billion a year above what we're spending now. >> do you think that the problem -- part of the problem is lack of money. when it comes the airports, every time we fly, there is a fee on our ticket that is supposed to improve the nation's airport and the radar system that is completely out of date.

but what happens? congress divides it up. so your airport at philadelphia doesn't get the amount of money that people from fiphiladelphia actually put into it. >> the beauty of brian's plan is it goes to an infratruckture bank. >> a public private partnership board would oversee the money. they would report to congress but you would have no politicians on the board. let states do it themselves they decide how much they want to impose and they do what they

need. >> what do you think of their plan? >> the problem is that leaves it up to state politics. >> brians plan leaves it squarely in the hands of proinvestigationals. we could repair it. there are 70,000 structural deficient bridges and almost as many obsolete bridges and every one of them is a ticking time bomb. there is no taxes in here, folks. that's the point.

bring it back tax free. the part -- it's not all the money but the part that would go to taxes. companies know they will get something for their dollar. selling tractors and gears. and more importantly you get good pr for corporate america which needs some. we talk about we have got a duty to shareholders. maximize our tax strategies. fine. >> you still don't sound convinced. >> i don't see the need for the creation of yet another institution. we need to -- that's a completely different question. >> it is a good solution.

let corporations do with it what they will. >> you talk about the taxes. >> we shouldn't let them get back and divide it up. >> we heard tim cook say the exact thing. if we had like a low single digit. here is how it worked. let's say your effective tax rate is 20%. i'm saying that all of it comes back but that 20 million if you put it into the infrastructure bank is tax free. 80 million is yours. it's your shareholders.

it goes into the infrastructure. it doesn't go to the treasury but the infrastructure bank. if you are going to take that money use it to reduce the amount of money that we owe. a lot less bs. >> i would agree with you until this part. i have had three flat tires, a blown strut and a busted suspension. >> because you drive too fast? >> that's true. but thanks to the new jersey turnpike, if you're on a motorcycle, you're probably going to die. >> we all lose out because you come into work in a very bad mood.

you decide. you can tweet us in. thank you so much for joining us. >> it's an idea. >> wacaulk down. >> we don't want to. >> herb greenburg is going deliver new commandments. >> we are going to dig into a not so cool move for abercrombie & fitch today. maybe getting a little too close for comfort inside headquarters. >> and also the dow has just turned positive. i think you might have predicted this one. i said by the time we are on air the dow would have turned positive and there you go. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds

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>> the san francisco product. still the market krazs. >> really simple. steeped in common sense and even with the change in the way the markets operate. they still make sense. they include so far that has been true.

don't believe the stories during the market crash. things are never as good as they seem when they are winning. make sure that anything -- >> do you agree with your own statements. >> do you want me to get to the bottom of this thing? and make sure that anything that you buy during the crash, make sure anything you buy was hit by the crash. one of my favorites, every market break creates a new generation of gloom and doomers. >> forecast the crash. i have been consistent all the way through. i talked to bob. he is one of the guys who i used

at the time to give some of the ideas here. he is retired now. do not put on a parachute. i would argue that the parachute needs to be kept handy at all times. >> a go back. >> it's got to be there. >> i have to apologize for viewers. >> i can't look at you with that eye. he blew out one of his eyes. he has got like a red eye from a burst blood vessel. i mean it's just disgusting. >> night of the living dead. >> i am extraordinarily happy. >> looked like little orphan annie 60-year-old man. >> still ahead. thank you, herb. still ahead. an apology. we have a really big hot shot up our sleeve to prove him wrong.

>> and bud's big bet on do it yourself draft beer. beer and a new kind of donut. this could be the best street signs ever. ncer) at scottrade, r clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine.

>> sears. >> plus a buck 29 per share. $1.29 per share loss. that is more than double. slightly above estimates. but the chairman called the retailer's recent performance unacceptable. >> lost 16 cents per share. one cent less than estimates. same store sales were down 14%. that's bad.

j.c. penney type numbers. company has been discounting. they said listen, the product line up stunk. they said it's lackluster merchandise. listen, the products were not what people wanted to buy. >> abercrombie & fitch did not come out with good numbers today. >> wider than estimated. revenues wider than consensus. a quarter saw comp sales fall by 15ers. there is so much more to the abercrombie & fitch story than just this. stacey, all of these, what is -- is anyeenager buying anything except electronics? >> the teen space is taking it on the chin.

some of it is self-inflicted. that's just simply getting the product wrong. and then, of course, you have abercrombie. >> i think what they have been saying about the delay being part of the problem does not ring true for me. the problem with the bad weather is that no one wants to buy all the spring inventory. there is a delay in spring inventory. isn't that a good thing? >> we're all scratching our head on the call. there is the weather. everybody is complaining about it. but abercrombie said 10 of the negative 15 comp points were due to product shortages. wait a minute. you'rele t telling me the weaths bad and then blaming it on the fact that you don't have enough? to me, this is a story where

fast fashion is eating it. >> of course they are. >> mandy and stacey. the unusual weather was here. it was in the northeast. a lot of people live in the northeast. there is a big country out there. >> california. >> the weather is always beautiful. >> it was always in europe. the weather here was terrible. and a third of abercrombie's business is international. i also think like they just did in london that the abercrombie and hollister flagship are just cannibalizing each other. >> okay. stick around. we want to bring in another angle to this. buzz feed recently came out with an article claiming that some top executives are concerned about how much power the ceo has within the company.

we're talking about a life partner. a business partner. this guy is apparently not an employ employee. by the way we did reach out to abercrombie but they said they are not going to comment. what do we know about kexactly s going on here? >> thanks for having me. it turns out he is running. and he is helping choose locations internationally which is problematic like stacey said.

>> he is actually running meetings? >> right. yeah. that's an important point. of course, ceo spouses can be influential. but he is actually holding these meetings. joking that he is going to his matthew meetings joking that the materialer in is his boss. >> as you just said, spouses do have an influence. you don't think the first lady whispers in the president's ear? but she doesn't run the meetings. that's just completely inappropriate here. >> okay. thank you very much for weighing

in on that topic. let the travel chaos begin. we will tell you how many people are hitting the road, rails, and runways. >> which should be great. >> plus homer simpson's ultimate fantasy, beer and cronuts. they are sweeping the nation one delicious bite at a time. we're going to eat some. what's coming up on the closing bell? >> always love watching you guys eat. wi will know in the last hour of trade today. and we will hear from somebody who says the market is too obsessed with the fed and that will end up harming the market more than helping. you're better off letting a professional manage your 401(k).

all that and more. we will see you then. more street signs and eating after this.

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>> apologies america. there you see in front of your very eyes, the bad rush in cleveland, san francisco and new york. everyone is hitting the roads. it is the unofficial start of the summer holiday season. it is fitting that we end our series with roads, rails, and the runways. just in time for summer delta airlines has poured more than a billion dollars into a brand new terminal. bill? >> and they're getting the work through the paces today. . some perspective. 2.3 million are going to be flying.

89% of the travel is going to be done by. gas prices averaging about 375 per gallon. those lower gas prices relatively speaking and the improving economy, that is helping rv rentals. >> we're about 20% ahead of where we were this time last year. they're planning vacations. >> and they're always buying into shares. the rv makers and stocks enjoying a nice run this year. $2.6 billion in reservation fees. at the end of the day it's not slowing down the airlines in

terms of profitability. so it's been a heck of a year. have a great memorial day weekend. >> we got to let you go. >> it's my take. >> this is a nice place to hang out. i have been in real dumps. >> looks like you could eat off of that floor. >> big time billionaire says babies are a killer to a woman's career. >> what do you get when you cross a croissant with a donut? a fatty french fantasy. we are sinking our teeth into that. the cronut. [ engine revving ]

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>> he might give billions and billions. >> it is as big of a killer as divorce is. they both have children.

as soon as that baby's lips touch that girl's bussom, every desire to understand, every desire to understand what's going to make this go up and down is going to be overwhelmed by the most beautiful experience which a man will never share between that mother and that baby. >> okay. you heard what he had so say. maybe you agree with him. but you know who does not? she has got not one but two sets of twins. what is your response to this? >> my first response was i could not believe he said it. i went and looked at the video

so yes, he said it. i know he has apologized and he didn't mean to offend anyone. what if you don't nurse? do you keep your judgment then if you don't nurse? that is sort of something that popped into my head. >> and is he saying that global macro traders that are guys are not great dads? >> i just -- i don't really accept that either. if you are a mother, i do wonder how long this would knock you off of your game for. raising kids and trading. >> we have decided to bring in

another female voice from infrastructu infrastructure. very desperate situations. >> what we all know to be true. that women, it's not that they don't have the ability. but if they have a child, priorities tend to change. it takes up a lot of time. a child is a huge commitment. >> and that's not a bad thing. >> not saying that they can't do it. it gets a lot tougher. priorities often change. and i think karen, you are awesome but you are the exception that proves the rule. let's face it. how many other women are in fast money? when you look at the break down of the people on cnbc, it's the guys in ties network. let's not kid anybody. >> i'm sitting right here. >> i'm a guy, i'm wearing a tie. >> and you're being unusually quiet. >> no more guys in ties. now i look like i'm a swiss --

i'm going to say something. >> go ahead. >> i don't want to get accused of dodging the conversation. i know hedge fund managers that have the large house indicator. what they say is if they have an investment manager fellow hedge fund manager who starts to build a new mansion, they will oftentimes use that -- or a ceo of a company, they'll use that as a negative and either get out of it or trim, because building a home a year-long process, takes a lot of energy, you're not focused what you're doing. this is not just about gender. any big undertaking you take on that us radreduces your focus. >> except this has to be about behaving babies for women, which is a huge thing in most women's lives. >> if the chairman of a company bought a huge yacht, i would buy that. >> there's the private plane indicator. you get the private plane, you're not hungry anymore, then you don't care. i don't really buy that. i think it also makes the case that women don't have the

judgment to know, after they've had a baby, whether or not they are still interested in being in the game. now, that may be his experience. and i believe him when he says that's what he's found to be true. and he gave a couple of examples of two women from maryland in the '70s. he probably has more recent examples than that. but is he just open to the possibility, the possibility that maybe it's not true, that there will never be just as many women investors as men, never, period, end of story. >> the other thing is, karen, you've touched on this. we would have said in the past, it would have been decades, not even so long ago, that we can't have a good female doctor. she can't possibly with on call, because she's got to be at home feeding her child at night, right? >> and now look. now, look, there are just as many women, or maybe it's about the same number of women graduating from medical school as men. and you're right, years and years ago, that was thought of as an impossibility.

>> by the way, that paul tudor jones did see the various furor and outrage and debates that his comments have sparked. he did come out with a statement. if you would like to read his response, you can get the full statement on cnbc.com. karen, thank you very much. see you later on "fast money." michelle, thank you very much. double duty for our michelle. coming up next, the moment we've all been salivating over for a whole week. get ready, because it is time to make the cronuts. mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members,

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nothing says summer more than beer, doughnuts, and maybe the zac brown band, but also cronuts. we'll explain what those are in just a second. they're right to our left. but first, beer. budweiser is brewing up a new do-it-yourself draft and it fits right in your fridge. pat, you probably deserve a raise. this looks very innovative. tell us how this works. you know, i'm going to pour myself a beer. i'm not going to drink it, i want to see how it works while you talk over it and what it is. >> this is about getting the great experience of draft beer in the comfort of your home. what a great way to start your memorial day weekend, ending a friday or workday, going home, pulling your favorite bill glass out of the fridge, tipping it at that right angle, pull the lever really quickly to get that

perfectly poured beer into your glass. >> i got a little too much head, or foam. >> and we have all seen how successful sodastream is, this is kind of like sodastream for beer. >> we call it your beer, your tap, your home. and this is what we want beer drinkers to really enjoy. >> i'm going to call this a pod. it's a gallon of beer. goes into the thing -- can we show this, please. it goes into the keg, i guess you can call it that, that you have at home. what does this cost? how much will this set me back? >> it is 3.8 liters, one gallon of beer. it costs roughly the price of a 12 pack. 11 12-ounce servings. and the beauty of the system is about the variety we can provide. you can get a budweiser, an ipa,

a goose, a shock top, one of my favorite wheat beers. variety is what beer drinkers are looking for and you can get a great variety of beers. >> we don't want to be known as the booze show. but just the other week, we had a fantastic segment on alcoholic cider and how the cider market is starting to eat into the beer market. are you seeing that in your experience as well and how are beer sales holding up? >> beer sales are doing great. we know that we're heading into the summer selling season. that's why all of our now innovations are really leading up to driving our sales throughout the summer. we know beer drinkers are looking for new things and we're providing new brands to address that thirst for new opportunities. >> great. thank you so much for joining us and we're looking forward to using this and all of our viewers are looking forward to trying it as well. >> all right, we have been waiting for this all week. i'll leave the beer over here. it is time to make the cronuts.

famed pastry chef dominique ansel is here to introduce us to his invention. dominique, welcome. >> how are you? >> did you leave a doughnut and a croissant together overnight and the magic happened? >> in a little room together. >> how did you come up with this insane but delicious idea? >> every week at the bakery, do a meeting and i like to come up with no ideas, like new things to do. i really like the fission of german and french. and i wanted to do something unique and special that you've never seen before. >> and every single month, you're planning on having a special flavor. is this rose vanilla. >> this is filled with a cream and a rose glaze on top. >> and june will be lemon maple. >> exactly. >> how much do these things cost. >> those are $5 each and we quick lesell out in the morning. so there's a line outside of the

door, early, at 6:00 in the morning, and people wait for like two hours. we don't have enough for everybody. >> so you've got to expand. what are your expansion plans, dominique? >> my plans are, actually, to make good things every day. we have a lot of great ideas within the bakery. we're a french bakery, but we play a lot with like fission. >> and you had trademarked the name cronuts. now you can make a million other kind of cronuts. isn't it true that one lady burst into tears started crying, she had wait a lot of time, and she was so sad she didn't get her cronut. >> it's hard to get it early in the morning, and they're so sad when they don't get it. so we tried to make more. >> why don't you make more so you can stop old ladies from crying in front of your bakery, dominique. >> we're trying to make more to satisfy everybody. >> you know what, i got an idea for you. there's another chef, eric

ripert, he's been on the show a couple of times, those and la berna den. >> i'm not sure about that. >> so the good thing about it is, the best way to eat it is actually to cut it in half -- >> the best way to eat it is right now. >> and you're not supposed to peel it apart, go straight in, guys. thanks so much. try the cronut. >> oh, my god. tgif. welcome to "closing bell." i'm bill griffeth here at the new york stock exchange. this market badly wants to finish higher. we'll see what happens here, michelle. >> i'maruso-cabrecaruso-cabrera. maria bartiromo will be back tuesday. there is an hour to go in what has been another remarkable week in the stock market. if the dow finishes lower, it would be the first time it's done that for three consecutive days this year. right now the industr