well, it's certainly not looking like 21 straight higher tuesdays. the dow is down more than 100 points. so we ask, blackjack or not, 21, is it time to double down on america or pick up your cash and hit the road for other opportunities? a full "street signs" playbook ahead. donald trump is angry, angry that china is grabbing up iraqi oil on the back of the american military's work. the donald is here. plus smash and cash, could be apple's next big thing. during the show, is the single

most unproductive minutes of the day. we'll explain. and let's look at the losses in the markets, which have started to pick up pace. let's put this in context for you, guys. i've dug out a stat that illustrates the gains in the market that we have enjoyed, the s&p 500's current 52-week low occurred exactly one year ago today. as you can see, it is pretty much straight up. in fact, the s&p notwithstanding is on track for the first winning second quarter since 2009. let's get to what's happening intraday. i know for the early part of the day, it seemed the market didn't know what direction it wanted to go to, but certainly decided to go down. why? >> not exactly clear. we've moved from a position of neutrality, like 115, and then dropped top down side. put up the s.p.y. here es.

>> that's the typical vehicle that traders who will work on an active basis will choose to go into if they need to buy or sell stocks very quickly. so right about here it's about 1:20, 125 or so, we sauce a surge in the value, this is the spy spydr. the -- today the volume is much, much less, so takes much less to move the market around. the other thing is we never got any bounce in the market, in certainly critical sectors. for example interest rate-sensitive sectors. as well as utilities, never really had much of a bounce at all. we saw some weakness in the energy complex. most of the energy commodities were on the up side, but energy

stocks never had energy at all. most of them are now sitting 2% or so on the down side. >> thanks very much, bob. good explanation. in the meantime, rick, what's been happening in the bond picks? >> well, you notice the treasuries are kind of quiet today after testing 216 earlier in the session, which, by the way is the high-yield close, but i want to weigh in on continuing what bob is looking at. last night we have an s&p futures chart up there that bob is referencing. i go the a couple phone calls that it was a fat finger error. it didn't turn out. there was a quick downdraft. it started at around 1334, 1335. that is the same level that we just hit that brought the market back down. so if it wasn't a fat finger error, i was talking to some traders, and they think it's significant, whether a significant support level, maybe there's some stops down there. whatever the reason, it's the exact same area as about 7:30

eastern last night. these are always important. as an old trader, when you get big moves that are thin in key areas, you always want to pay attention. >> thanks for highlighting that, rick. >> donald trump doesn't always agree with what's in the "new york times." but a story has him over the moon upset. donnell, thank you very much for joining us. some people seem to be getting nervous. i do want to ask you, if you believe, going to the next segment, if the united states is still the best country in the world to invest in? >> well, look, i love the country, but we're being taken advantage of by so many other countries that are just outsmarting our leaders and outsmarting them in spades. i've never seen anything quite

like it, what's going on. you look at the manufacturing report that just came out, to me that's one of the really important reports. that's talking about product being made. that was way down. that was a very, very big negative. so when i look at this country, i love this country, but if we had -- the potential is enormous if we have the proper leadership, the potential is absolutely enormous. right now unfortunately everybody is eating our lunch, in particular the opec nations, china, lots of other nations, south america is having a field day with us. it's terrible what's going on with our country. >> if not the united states, then where would you invest, donald? >> well, i do invest in other countries. i have places all over the world. some places are just booming, some areas of the world are booming. you look at, as an example panama, we gave the panama canal away brilliantly many years ago for $1. you look at the canal, they're

doing fantastic things there. they made a very good deal. you look at what's going on in other places in south america, brazil, lots of other places. china in particular is doing well. india is doing well. we're just not doing it. a big part of the reason is we're not making a lot of things they're. we used to be the king of making things, and now we're being laughed at. to me that's a very important report and the manufacturing report was very negative. >> i completely agree with you on that previous point. i, everything that's made out of the this country is going to probably break within five years, so we just replace it with something else. my parents have the same american-made stuff, a can opener, for example, that they had when i was a kid. i want to get to the story,

though, we lost out, the quote from a former defense department official quoted in the "new york times" story. china did nothing, they didn't cost any money, no lives, but they're reaping the benefits of the iraq oil that we helped free and the infrastructure that we helped build. >> i've been talking about china for years, and it's not that i'm an enemy of china. i've done very well. the business magazine did a story, they love anything trump. so i guess i'm honored by that, but they're very smart. what they have done, you know, this is one of many, but this is a beauty. we went 1.5 trillion on this ridiculous war because iraq is falling apart anyway, and we saved many thousands of lives, and now we're gone, it's falling to pieces, and who is the beneficiary? china. they're in there taking out the oil like 50%, and what people don't realize about iraq is they

have the second largest oil reserves in the world, and tremendously wealthy, tremendous economic power we left, we didn't take one drop of oil, because that's the way we think. >> that's the point, donald. i'm not blaming china. >> i don't either, brian. >> they're making a good deal. >> we're the suckers, right? >> you know, i'm on the other side of that pictures, and i'm saying, who is representing us? we spend all of this money, all of these lives, and we leave, and we want nothing to do with it. they don't want to hear in washington the word "iraq" every time you see a bomb go off, they want todown play it, but iraq is a total mess, but china is over there and they're taking out of -- after we do all of this, with all of the lives and money, they're taking out the oil. now if you read deeply into the story, you'll see that exxon mobil, one of our countries, will be outbid by china to take

over another large segment of what's taking place over there. you just have to feel so stupid when you look at what's going on. it's very, very sad. >> and seems like a lost opportunity. to level the playing field a bit, you could argue because china has such a large stake in iraq in terms of they need that oil production to be stable, they also have a lot at interest and at stake to keep iraq economically and politically stable. isn't that in mesh's interest as well? >> when it's not good for china, they'll be gone in about two minutes, they'll be the first one out. >> but they're investing in the oil infrastructure. >> with all due respect, they will be out and gone, but by the time they leave they'll have taken the oil. i don't know if you remember, but i was very controversial at the time, because i want when we were there, are we going to take the oil? we're spending all this money, what are we getting? in the oil days to the victor

belong the spoils. here's the classic clays -- we're not the victor, you can't even joke that, but when you think china took the spoils and we lost the lives and we lost all of these trillions of dollars, so it's a very, very terrible situation. i mean, you just wonder who is thinking for us? by the way, this is one of many things. afghanistan is another one. china is in there, nothing even knew this, but afghanistan is rich in minerals, and we're fighting afghanistan and on the other side of the mountain, on the other side of the range, china has a huge excavators in there taking out the minerals while we're fighting. so, you just say, you know -- >> but why are we doing this? >> this shouldn't be happening. >> what has happened to the united states? no one is saying we should take -- that that gives creeden to the people who say we're only fighting for the oil, but what has happened that we're afraid to at least admit that we're falling behind, right? the first part of admitting to

solving a problem is admitting you have one. >> that's true, brian, but years ago we were the smartest person on the block. we would make the good deals. when is the last time you heard we made a good deal. everybody just is ripping up left and right. there's not a country that you can think of where -- and it used to be the opposite. i mean, they would call us the big powerful and sometimes they would say the bully. now we're the dummies, but when was the last time you saw something happened. when was the last time you saw a bridge. in san francisco they're building a bridge, by the way, it's being built by the chinese. when is the last time you saw bridges going up in this country, major bridges and airports being built, but you go to other places, you go to china, you go to saudi arabia, you go to qatar, to these -- the most incredible airports you have ever seen, the most

incredible bridges, we don't build bridges. our bridges, by the way, are falling down, look at the story next week where the bridge literally collapsed. you know, it's incredible what's happening to our country. >> it is, and of course china is also building bridges to nowhere, but that's a whole issue. donald trump, a real pleasure. thank you very much for the commentary. >> thank you both. >> let's look at what is happening with the markets here. around 1:15, the markets decided to take a bit of a move to the down side. we're at session lows here. you've also got the vix indicator, the fear indicator spiking. it's up by 5.7%. >> this year is it time to pack up your cash and head to other students? your playbook is next. ♪

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♪ [ male announcer ] universal studios summer of survival. ♪ welcome back, esther george, the lone dissenter out with a speech at this time, saying that slowing the pace of quantitative easing is the probably next step. bring forward that day when the markets can get off of qe. she's concerned that it's creating, quote/unquote, misallocation of assets. and margin accounts are at an all-time high.

also -- pointing out that fiscal policy is also restraining the economy. esther george suggesting that no plan has yesterday been agreed to. mandy, esther george is known to be one of the most hawks on the federal market committee and she's out with fairly predictable remarks in terms of saying that slowing qe is the probably next step. thanks very much, steve, we are off the lows, down by over 150 points, but nonetheless still down by 130 points. nonetheless, in the bigger context, is the good old usa still the best play for your

money, or should you start to look elsewhere art hogan says go usa, go usa, but kenny from knight capital is saying don't look at the specific renals, but look at the developed versus developing markets. notice that we're handcusp to fed-speaking and that's all we're getting today. i think you could see the market move as it is today. we won't see tapering. even if we do, there's a reason for tapering. i think that's why you want to focus on -- you want to rotate

off defensive. not that different are a bad things, just that the stocks have gone the multiples that are -- those multiples have gotten stretch. like in healthcare, vanda is one of our favorites. here's a company that's got a drug -- in phase three, show ugh great results for a sleep disorder. it's a stock that could double and being made in the united states. when you think about investing over the next 12 to 18 months i think you'll have mob bang for your buck. and multiples that are reasonable. >> you know, peter, what did yogi berra say, nobody goes there anymore, it's too crowded?

we've had a heck of a four-year run, do you think people are now tired of the dow and now looking for other opportunities? peter, are you there? can you hear me? >> yes, i am. >> did you hear the long question? >> i did. absolutely we've had quite a historic run. it's not to say we're not where we should be in terms of the market and valuations. i just think that we're enters a pertain of volatility. it's great to have diversification, and there are other places to look other than u.s. equities. we've had a run, we've outperformed. if you look at what's happened in asia, it's been an underperformer. if you take it -- japan has a massive underperformer. as a direct result of the monetary policies in place there. if you look at the eu, it's uk,

france at 7.7, germany at 8.8. they've got the laters, the industrialized powers. those economies less industrialized, really more in the developing stage, portugal, yegg, they have underperformed. so the economies in the eu and asia that they have done best. going back to 2009, the emerges markets have underperformed massively, and i think that if quaint at a timive easing starts being taken over the table, the real alpha will be in the emerging -- >> you know, japan has been an incredible run, but nonetheless i think about 18% below its recent high. would you get in now? those printing presses are chunking oat yen at a very fast

rate these days. >> i do think this tail wind to this policy that abe has in place. i think you have to have a very strong stomach to be in that space. i think they continue to be a global leader in terms of equity index performance, but again it's all relatively. >> peter, before you go, you said something very important, alpha is in the emerging space. where would you go? name a country. >> asia, vietnam. >> that's not a country. >> vietnam is, though. asia, india, these are enormous opportunities. >> thank you. appreciate that. i jumped the gun on the whole asia is not a country thing. thank you broth very much. let's send it over to josh for a quick market flash. >> mandy, market in the red, the worst the energy sector. the reed finers getting hit hard. analystings saying the commodity action today would normally be support i have of the refiners,

other chalk it up to profit-taking and remind us these a high beta space, the refineser sell off worse, brian, bulk to you. on deck, what happens when an automaker refuseses to issue a recall. we'll have a shocking story about that coming up. later on crashing in on cracked and smashed iphone screens. just wait until you hear how much apple makes off your butterfingers. financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. ♪ even if it's so wrong ♪ i wanna scream out loud ♪ boy, but i just bite my tongue ♪ ♪ this one's for the girls messin' with boys ♪ ♪ like he's the melody and she's background noise ♪ [ volume decreases ] thanks, mom! have fun! you too. ♪

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this old world is rough and it's just getting rougher. that's the line from the song "cover me" and believe it or not, this is hard to believe. 29 years ago today, bruce springsteen's album was released still it's his most successful album ever, selling more than 15 million. here's a trivia question. you know the only two albums that have sold more than 29 million copies? >> am i allowed to answer or give the twitter-verse a bit.

>> i gave you the answer before the show. >> that would be cheating. two albums, best selling of all time. what happens when the government asks an automaker to issue a recall and that company says no way? phil lebeau, kind of a crazy story. why on earth would they say no. >> what we're talking about is a highly unusual situation. now, nhtsa sent a letter requesting a recall of 2.7 million vehicles. they sent a number of examples where there were fatal accidents involving rear-impact crashes, 51 incidents were cited by nhtsa. now, what's interesting here is the nhtsa recall request does not recommend a remedy.

the issue here is the placement of the fuel tank behind the rear axle. what's unclear is whether they want chrysler to sell people to stop driving these vehicles, move the fuel tank? is there some other remedy that's possibly? chrysler has responded with ceo sergio marchionne sending out a response saying they dispute the request, they will not comply. the company stands behind the quality of its vehicles. chrysler has until june 18th to have a formal response to the recall request from nhtsa. after that, they will likely continue in some form of a dialogue back and forth to see if there's a way to come to a solution on this issue. if they cannot come to a solution. if nhtsa moves forward with an analysis and said you have to recall this, it will likely wind up in a public hearing with the

department of justice ultimately deciding if a recall has to take place, and what the recall would involve. cries remember has been working with nhtsa and they're saying there's a number of issues that do not jibe with what chrysler has been providing with nhtsa over the last couple years. so they're going to go back and forth for some time. in the meantime, there's still about 2 million of these jeep models out on the road. >> what do you do? if i was watching this report and i've got one of these cars, i would be kind of concerned. like i said to take this in anyway? and get 2 checked out? >> not much to check out there. >> rear-impact crashes, these vehicles when they were built, mandy, they met the safety standard of that time. it's hard to determine whether

the jeeps involved that's why, it's one thing to look at them and call them back in right now. if they were built to the safety standard at the time and you consider the millions out there on the road and the millions they have been driven is the fatality rate per miles driven, is it any greater than other vehicles, which also have a fuel tank behind the rear axle. that's at the heart of this dispute between chrysler and the national highway traffic safety administration. >> thank you, phil. we'll see you tomorrow. thank you. and i'll be driving my jeep home. >> if you see me on the side of the road, stop and help.

turns him bullish on the most recent, plus we're also resting up for the most unproductive moment of the entire day. and we have 311 reasons why america is losing its edge. ladies and gentlemen, we give you the floating train, the story of how japan is upping the ante on the rails. look at the nose on that thing. the jimmy durante of trains. we're back after this. aw this is tragic man, investors just like you could lose tens of thousands of dollars on their 401(k) to hidden fees. thankfully e-trade has low cost investments and no hidden fees. but, you know, if you're still bent on blowing this fat stack of cash, there's a couple of ways you could do it.

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they are off the lows of the day. lid's get to what's happening in the street. time to newel with a few stocks. zynga has had breaking news during our show yet and today, some commentary about the

layoffs. >> this is an important story. i don't think we should use words like snuggling. >> okay. i apologize to all those people being laid off. >> wedbush, though, still positive on zynga. they have a 4.25 target, so they are snuggling up. >> they were over six bucks last year, and look what they are doing now. canadian pacific. by the way, the stocks at 128, so about 22 and change in a drop in canadian pacific.

buffalo wild wings, i could snuggle up to those. >> removing from the focus list as potential for evaluation expansion. seems more limited. still, likes the company, sees opportunities for healthy earnings growth. here is the key part. if the stock goes back to the low 90s, baird says put new money back to work. >> remember the c 3 pants, they're no longer see-through. >> we can see through this name, lululem lululemon. restocking the stores with the astroand groove -- is it like two pairs of pants? >> you never seen me in a fitness store. i don't have a clue. by the way, i saw another lady the other say wearing those see they have through pants.

i felt like saying, didn't you know there was a recall? >> if you can read this tattoo, you're too close. you've got to be honest, i'm embarrassed not knowing who this company was. this is a company that partners with huge brands. levi, dockers, sean john. so not a lot of up side. maybe two bucks. g-iii has been around for generations. i'm embarrassed to say i did not know who they were. let's look at j.c. penney, that stock has been a bit of a straggler. some are saying, brian, this is because of a new note praising the revamp of the home stores. matthew what did you see? .

>> the launch in dallas was somewhat impressive. we put a note out about two weeks back. we did a company-sponsored event yesterday. you know, what we learned is they opened their home shops in dallas over memorial day weekend. the response to the shops thus far has been pretty strong. the company is hosting an eye vent thursday night in new york. we expect them to talk about some of the new brands and what they're expecting. you know, the key here is that the home shops have been a drag of between three to five basis points on our math to the total comp. so, you know, moving forward this headwind should be alleviated, which should be a top-line benefit going forward. so 9 stores look better, but was there anyone in there? >> you know, traffic has been building back as the companies return to promotions. i still do not believe that j.c. penney is comping positively, again i think possibly related

to the home overhang as well as some of the discounting and average ticket descript. our view is that j.c. penney returns to positive comps in july. i think they could comp mid single digits and potential low double digits. such easier comparisons from last year. >> matthew, i'm going to read you back to you from your note -- with the balance sheet increasingly in peril, 1 billion in annual pace, ceo mike you willman is working to stabilize the ship. i hear what you're saying about the stores, when you say balance sheet increasing in peril, that's a red flag. >> yeah. the big thing here on the balance sheet was getting the financing from goldman, the additional 2.25. that should buy them time, no question about it. on our math, we still have them despite all of the subtle positives. we still have them burning over

a billion. that's why we remain neutral. with the rising enter price value, you really need a substantial improvement in ebitda. >> so sorry to jump in on you, for our views, they follow the story, last year they burned i think 930 million. according to your numb%, then, the carb flow burn at j.c. penney is actually getting worse. >> the key to last year was the working capital. they cut inventory by 20%. that inventory -- they're actually bringing back the inventory, so you reverse that working capital benefit this year. that's the key to the cash flow burn. so the underlying operations may be improving, but you reverse out some of the working capital benefit to net out potentially a similar cash flow burn, but longer term if they are in fact improving 9 traffic, i think the gross margins may come with it. it's a question of an appropriate valuation.

>> i know that you've been looking at another retailers also in the process of the turnaround, but nonetheless that is dillard's. what's happening there. were any those customers, did they go over to dillard's? watch a different segment of the demographic? >> i think dillard's customer is higher end. i don't think that they substantially benefit it. i do think with the dillard's has really executed on a nice branded strategy, and has brought a lot of new brands in over the last two to three years. i think that's been a big driver of the same-store sales. i think a real key to the turnaround. the question looking forward is how much more low-hanging fruit is left at dillard's. again it's a really strong story over the last two to three years. >> five-years chart up 471%. thank you so much, matthew. >> thanks for having me. still ahead on "street signs" what japan just did that

makes america look even more third world. plus the jaw-dropping amount of money we had spend fixing our iphones when we drop them. first to bill, what's coming up on "closing bell," sir. >> a very busy couple hours. three huge interviews, deutsche bank's aanjou jane, how that willsh meredith whitney says she's never been more bullish on equities than right now. and aig's ceo reacts exclusively to the proposal by regulators to designate the insurance giant as too bill to fail. all that, plus is the street over? we'll find out. i hope you can join us at the top of the hour for the last hour of the trading day on "closing bell." mean time, nor "street signs" coming your way. [ shapiro ] at legalzoom, you can take care of virtually

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my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. this floating train has just finished test runs. the train will leave at a time. look at that. that's beautiful. >> beautiful. >> will travel at speeds of 311 meyers -- not kilometers, miles an hour and begin commercial

services. the new train will link central tokyo with nagoya station. from 90 to 40 minutes in the meantime the am track you got a yesterday 3w0u7bd to d.c., you're still around delaware, but good luck. >> i used to travel it -- i used to live near nagoya. the bullet train. the shin kanjen is. >> put it on twitter. everybody? >> no, i'll be called a language snob. $5.9 billion on iphone repairs, but those costs could be coming down in a bit way soon. >> apple is taking a bold step

with its retail operation. 9 price had been running more than $175, and aside from dropping the phone in the water, a tracked screen is one of the more debilitating iphone injuries. definitely a big deal for apple for a couple reasons. first is the scale. it posted 18.8 billion in sales, last fiscal year, up more than $4 billion from the year before. if they can replace a screen rather than a whole phone, the savings fall to the bottom line. if you've got apple care, it's just $50 on top of the $100 you paid for the program. what will the customer experience going to be like? the repair itself is supposed to take about 10 to 15 minutes, you have to make an appointment and workers have to run the test on

the phone. so you should plan to wait 20 to 30 minutes. interestingly, according to ibis world, the cell phone repair industry, the whole thing was estimated at $1.1 million. how that squares with the 1.9, i don't know, but it's a lot of money fixing your phones. i do feel sorry for the mom-and-pop stores that do that as a living, they fix iphone screens that have been cracked. it's going to take them out of the business, isn't? >> there are mom and pop stores that fix screens? iphone cobblers? i wish i had some peach cobbler. where are all the fans? major league baseball is striking out in a big way with ticket sales this year. by the way, why don't we look at the markets. they were down by 152 points at one point. the dow is now down by 98 points. okay, guys, still down, but nonetheless coming off the lows. weep keel an eye on these

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wow, a big swing and a miss for baseball this year. attendance is down nearly 3% so

far. ticket sales are down. but could it be because ticket prices are going up? joining us from "sports illustrate illustrated", steven canella, and also patrick wish at webster university. he studies the economics of sports. steven, what's going on with baseball? listen, i'm an angels fan, because i'm hurting because we spent all this money and we stink, but what the heck is going on with the rest of baseball? >> the numbers don't look good. we're down about 3% in attendance. there is one caveat in those numbers. that's the miami marlins. if you take away the marlins' downgrade in their attendance, a little over 300,000, they represent about 44% of the overall decrease in fans from this point last year across major league baseball. and so, if you take the marlins out, the overall picture doesn't look quite so bad. it is true that 18 teams do have lower attendance on average. at this point, this season, than they did at this point last season. but after a cold, wet, you know,

colder than wet spring, i would take that 1% drop without the marlins than the 3% overall. >> so do we blame the weather than, steven, or is it these ticket prices which are going up? i took my family to see the yankees last year and it cost an arm and a leg. >> there's no doubt, ticket prices are up, ticket prices keep going up. and it's getting obscene to take a family of four a game, on seen to take a family of one to a game. but we're coming off a nine-year stretch where baseball has had record attendance, the nine best attendance seasons have been the nine best seasons. it dropped a little bit last year, but there have been several record-setting years, and that nine-year stretch, ticket prices aren't that much higher than they have been in the past. i don't think ticket prices are what's keeping people away from the game. i think weather is one factor. increased interleague play is a factor. there are several factors working against baseball. >> the miami situation has got to concern a lot of baseball players. if you think you're going to pull the old, if we get a new

stadium, everything will be fine thing. >> brian, they really fooled their fans in miami. jeffrey loreya has got to be one of the most disliked owners in professional sports. and not only did they have a fire sale and get rid of all their players, but they have the second most expensive beer prices. that's a double whammy for fans down in miami. >> cleveland, patrick, cut -- good for cleveland, do we know if it's work iing, that's the h dog price alone. does it work and bring people in? >> it's a desperation move on behalf of cleveland, because they weren't winning too many games. and when you're having a hard time drawing fans, you've got to look to do anything, and that includes lowering beer prices, and arty moreno out here in los angeles, you have a tail of two cities. the team is struggling on the field, as you mentioned, despite a high payroll, but they have the second cheapest beer in

baseball, so the fans are still happy in the cheap seats in anaheim. >> what do we do about this situation? if mlb management sidled up to you and said, come on, help us out. we don't know what to do. we've got dragging attendance. what do we do to get the people back in the seats? >> overall, baseball's picture is very strong. advanced media is printing money. no shortage of cash in the game right now. baseball has a marketing problem. there aren't a lot of transcendent stars that are drawing people to the ball marc. eight, ten years ago, you had guys like barry bonds, roger clement, derek jeter was even still in his prime. there were guys that casual fans came to the park and wanted to see these guys. there aren't a lot of big-name, transcendent stars. >> and the games are too darn slow. thinking about my angels. should we have relegation? we've got to say good-bye. i was just giving the hook.

i was just giving the hook. >> that's okay. >> you're no different than most of the pitchers this year for miami, giving the hook. >> well said and thanks for helping me clear up my screwup. steven and patrick both, thank you both very much. i was going to say, 20 more teams relegate the bottom three every year like soccer does. if you're at the bottom, you have something to cheer for. >> we have solutions happening right now. now. crickets. nothing. 2:55 p.m., the least productive time of the day, according to a new study done by the uk. brian, wake up, wake up, wake up! get productive! now you may start being productive again, because it is nearly 2:56. coming up next -- >> it's 2:55 -- we've got 35 seconds of rest left. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second.

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steve martin, actor, comedian, banjo player, and now house flipper. >> well, in comedy and in real estate, timing is everything, and steve martin really has it. he bought this villa in st. barts for under $9 million. now he's listing it for $11.4 million. which means if he gets his asking price, he'll make $2.4 million in profits. now, he's also been renting it over the years for between $16,000 and $38,000 a week. all that income has added to it.

the property is called villa o sol ei. the big draw is the patio and infinity pool, which looks out on to st. john's bay. there's also a private hot tub in the master bedroom, a lily pond, and a barbecue shelter. not quite sure what that is. the $11.4 million price -- >> the shelter your barbecue. >> if there's a nuclear winter, you can still barbecue. >> the caribbean island has long been a favorite among the rich and famous. martin's place is a bargain by comparison. now, tom smythe, the realtor listing the property, with won't say why martin is selling. he tweeted the news of the sale last week, wouldn't give the reason, but perhaps martin is just on the road too much, playing his banjo. >> he has a new album out. paul simon's wife. >> which leaves him less time to hang out in his new infinity pool in st. bart's. >> i'll see you in the barbecue

shelter. >> and i hear he's having his first baby as well. >> isn't that sweet? >> he's like 100 years old. >> he's selling the o pay for college. >> it will be that expensive later on. >> thanks for watching "street signs" even through all these unproductive minutes. >> "closing bell" is next. hi, everybody. welcome to a special edition of the "closing bell." i'm maria bartiromo, coming to you live from the pier hotel in new york city, at the deutsche bank conference on financial services. even as we watch the market drop on wall street today, here in midtown, manhattan, heavy hitters from across the world have come for deutscheback's financial services investor conference. we'll talk to a number of them coming up, bill. >> looking forward to that very much, maria. i'm bill griffeth here at the new york stock exchange. while all