>> walt disney has had a heck of a run hitting multiple all time highs so far. that will do it for a thursday edition of power lunch. thank you so much for watching. >> stay with us. it will be quite an afternoon. street signs has it now. yes, it will. we are on watch for another wild trading hour. because just an hour ago we were talking about the douw's first three day in a row this year. whatever happens in the next two hours, we have got a guest who says watch out. stocks look shakeyer ahead. >> mandy is off today and so apparently was the risk trade.

the yield all over the place. even the dollar is singeing. all of this happening right now. let's get right to the trading floor. >> now well off session. traders talking about a couple things. issues about the trade unwinding. also as you mentioned, the big jobs report so far. trader describe this to me as a technical bounce.

most of the business outside. open 1160 and shot higher. back to you. >> you know, we have been seeing yields climb and climb and climb. >> two points. over the last several weeks we have had this conversation. what about interest rates. is the secular bull market over? i always go with the qualifier that there is only one hedge against a stock market or deleveraging. today as much as it is important to realize we touched briefly

under 2% huge derivative orders, it really is the side show. the treasuries are the side show. i'm not bumping into anybody who is consciously saying i'm deleveraging today and going back to treasuries. they are benefitting to be sure. but boy, no matter where you look, whether it's an italian or spanish tenure, the foreign exchange markets, this is a wake-up call that you can't go for years and think that in one day or a couple of days you could deleverage and get back to normal. >> define normal. >> you're coming into my neck of the woods now. that's the point. >> i'm stepping into santeli

town. >> the necessity of leverage and we don't know what normal is, we will create volatility and maybe pain. >> if i ever do make a long term visit, i hope that you will buy me an adult beverage, sir. >> i will and it will be over 18 ounces. >> i like your style. >> some now are calling this report the most important jobs number in years. >> the chief economist. julia, your expectations for the fed and jobs number.

>> i'm looking for a 160 k gain in non-farm payrolls. it is slowing a lot of the data is pointing to slower growth. we should see slower hiring as well. >> you know, listen. i am easily confused. >> bad news equals good news? >> what's normal? >> to your point, i don't think

we do know what's normal. it was a little bit odd to see bond yields rising so much. let's keep in mind what the fed is doing is working against a very deflationnary backdrop globally and trying to put a stop under that. i think if we did get a 200 plus number, for those who have been out in the public saying so and saying they would like to taper, that would embolden them and they would push for that. >> i don't think so.

they're going to lift all boats with the rising tide of free credit. >> i think it would be far more worrisome if we got a double didn't number. i think there has been a lot of fear building globally in financial markets about a china slow down. i don't think the stock market would be rising on the expectati expectation. it would be more risk off. >> your number is for 160,000 on that? my number is yellow. you're at 160? >> unchanged unemployment rate. it pops back up a tenth or two. >> behind me my friends and for those listening on the radio, i

have got a one year chart on the douj douj. it is two stories. that's our drop. look at the magnitude of the gain we have had over the year. we have had a big run. this leads us to a very important question. let's start with you, john. it looks like a giant overhang. it looks spooky to me. what are you seeing with stocks technically? >> 1600 was a target that we had since last friday. there was a small little top that was broken down on the close. almost one week ago it was friday before the bell. that targeted 1600 and the

actual support level comes in about 1604 to 1597. looks like we traded down to about 1598 so far. i'm not surprised we're getting a little buying in there. i'm afraid we may have a little further to go before this is over. >> you have been right. i get your notes. i read them. i know you're a busy guy but you have made these calls correctly. so if you put your own money down, where would you bet stocks go? >> the next month, the next few weeks to a month, i think down. i think we can end up. .

so that's my target area in there. >> last week we argued in a funny way who were smarter? the bond or stocks people? what do you watch from a market perspective? what's more important the way the bond market moves or the way the stock market moves? who's the chicken and who ease the egg? who is the donkey and cart? >> bonds. we look at a lot of different relationships. looks like they may be a little bit under 2%. then you have to ask yourself what is going push people back in the bonds.

>> we always appreciate your time. thank you so much. >> thanks. >> now let's get to kathy. since most of our audience are not sophisticated currency traders like yourself, put it in terms that i can understand. >> first of all, i think there is a very consistent performance that we are seeing in the currency market, the bonds market and the equity market. but stocks are doing quite well. the reason we are seeing this consistent. we're not down 100 but 30 or 40 points. the reason for this is people are reacting to the possibility of non-farm payrolls. you're seeing a similar decline in bond yields. this is basically a reflection

of european and u.s. traders bailing out of the long dollar positions. the reason why i'm worried is because we had that non-manufacturing ism report and the employment component is basically unchanged at 50. that means there is a good chance we could see very little momentum tomorrow. not saying that we see zero job growth but could see in the tens of thousands. i think that is why you are seeing such a consistent move across markets. they are probably going to keep the liquidity on.

>> you're the only one that can say liquidity spi got and i know what you mean. >> there is a report out there that apple is said to be planning iphone trade-ins to lift sales. >> wow. what to do with all the old iphones? now we know. it's looking like maybe three

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>> this was before 1984 was published.

>> gathering millions of verizon telephone records. a domestic terror attack was thwart thwarted. >> the london grardian.

>> mike rodgers, a republican, came out before cameras just a little while ago. >> the reason they use this and i can tell you why the program is important. within the last few years this program was used to stop a program

program. >> by looking at phone calls and tracking to see who was calling who and establishing a web of context of potential terrorists. that's a situation of broad defense. we have heard some dissenting voices. a lot of it would have excluded the content of communications, names, addresses, our financial information of subscribers or customer customers. if this would have happened, verizon would have been in no position to resist. >> the government comes calling

you're going to do what they ask. thank you very much for joining us. is government snooping like this really necessary for our national security? is it worth it? your next guest thinks so. >> if i put a camera in everybody's living room and bedro bedroom. >> the information that they collected that is legal and constitutional has been ruled upon by the various courts did not do that. all they did. >> i understand what your point is. let's not get too technical.

the idea is very simple. they know what people are doing. they know where you are. they know what you're looking at on your phone. they know who you're calling. they may not know what about but they are snooping. >> you're kind of trying to drive this in the wrong direction. they look at where a call originated and where it went to and then they use very high level analysis to determine the link analysis that they call it. where these calls have been going and if it does come out to be associated with a dangerous person or a dangerous persons, they can then go into further analysis that requires new authorization

authorization. >> right? >> because you have not given up any of your freedom. they have not looked at the content of what you're saying. they have not looked at the consent of what you're looking at or what you're sharing with the person on the other end of the line. it is a very, very strict line that they have not gone over with this program. watch you because that's as far -- it's not even fruit, let alone apples and oranges. it's not helpful using those kind of examples. >> don't tell me what's helpful. >> not really informing your listeners.

>> that's not an incorrect path. if we go another step further, we can protect a lot of things. at what price do you save yourself? traffic cameras. that's what i'm talking about, steven. >> i think the argument of the line, i don't think we have gone other that line. i think they're being reasonable with trying to balance citizens and more. as diane said, every member of the senate knew about this. >> i think that's appropriate. >> fine. but you know who didn't know about this? millions of people. >> if this is so good and okay and just and honorable, maybe we

can agree on this. when you sign up for a cell phone, big bright flashing sign says you are being watched by the government at all times. when i went to singapore, it said that please be aware that the government monitors all internet traffic. why not put it out there. hey, we're watching you. don't do anything bad. >> it's now out there. >> it had to be dug up by british newspapers. >> okay. but now it is out there, is it not? >> all right. >> are all of our legislators know about it. the public now knows about it. it is getting additional oversight. they are looking at it.

>> it is moving off to the northeast, be it's not so much about where the storm makes landfa landfall. this is heavy rainfall that has been spreading over the florida peninsula over the past six to 12 hours causing flooding concerns. that will continue throughout the day. where is it scheduled to go? it's going to race up the east coast here by tomorrow morning. it will be up in here in the carolinas. by saturday morning overnight into friday and saturday it will

be racing up here into the northeast. at this point it will lose its tropical characteristics. >> we don't like that red streak. why nearly $100 a barrel oil doesn't matter to anybody any more. the best and worst s&p stocks of the week and more importantly, what they may be telling us about the overall market. it's called a clue. that's call a tease and we're back after this. tdd# 1-800-345-2550 [ trader ] when i'm trading, i'm so into it,

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make automatic payments. and of course, talk to farmers. hi ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ >> this is what happens, folks, when you step out for a long lunch. you come back in a little wobbly and the dow is back up. we are down triple didn'ts. >> street talk time. it's a solar version.

let's get going. bigger outlook. cut, by the way. 42 cents. 50 cents too years ago. case of good, but not good enough. fiscal first quarter earnings rose 20%. >> not like weird. chopper network marketing. outlook was a little bit mixed. loves the stock.

>> multiple sclerosis drug in 2015. when those expire. >> let's get back to the best and worst stocks of the week. that will be right after the break. [ kitt ] you know what's impressive?

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>> to say the least, it has been a pretty wild ride for the market this week. we were headed for our first three-day down streak this year. so with all the gyrations, it is hard to keep track of this stuff but don't worry, folks. we got your back here.

so here is who has been hot and who has not been hot this week. these are the five best performing stocks. nothing in common. and here are the five worst performers this week. three bioteches. and you also have -- this one concerns me a little bit. the sixth worse performing stock is d.r. horton. just missed this list. those stocks have me concerned because they are housing and construction related. do those moves hold clues to a bigger downturn? >> it's hard not to get a little

bit spooked or concerned about construction in housing. >> the market has been gyrating all over the place. i think we're seeing the effect. i don't think it's really a company specific. i think there is a better trend of what if the fed starts going away. i-three of the five were biotech names is that a sector you want to get out of? >> i think you can probably take some profits.

they have been a leader. they have been rocking and rolling. up 90% at the end of may. still got great drugs. yes, it's -- a lot of those companies are one trick ponies. some of this pull back is in order. >> that's what we showed that one year chart of the dow jones industrial average a few moments ago, which is this. i understand that people, you know, we drop a couple hundred points and people get excited. but we have had a giant year. you have been around a long time. we have had a great year. people want to start sounding the alarm. >> there is also the interest rate issue. >> 3% interest rates might doom the economy? >> they are concerned that at some point, you know, they will

have an impact. i look at that list and the one that gets my attention is going to be sales force.com. this is interesting. that kind of company at some point in time used to be the type of company that would ignore all bad news. >> they made a big deal. >> the big deal, e-mail marketing firm. >> and the market is basically telling you that they still want more from the company. that was an expensive price for the company. it especially worked for sales force. earnings or lack there of. >> i think we can't hammer home the point enough that for the last four years, the douw has dropped. . >> i think i got that tweet. >> go back through the feed. it was on the 15th. what's your take. is this going to be a buying.

>> i continue to. the organic growth has not been there. we have seen a multiple expansion from 11 times earnings 36 month ace go. >> you're one of the pragmatic guys i know. when we keep talking about the fed fed fed, if the only -- if the mantra is the market is the only alternative, and we have been hearing that, is what really want you want to be buying? the only alternative? doesn't that get a little dicey? >> i think that's a really good point. we're looking at a market where i don't think that stocks are particularly cheap but there is not a particularly good alternative. in 1996, greenspan said when the market went through 6,096.

eight months later it went through 8,000 and in 1999 it went through $11,000. it can go up for a long time. there is except on a stock by stock basis where the analysis and fundamentals will hold up. but that's an excellent point. >> michael, thank you very much. we have him on the show. >> he's herb greenburg. come on. >> he is herb. >> all right. on deck. remember when $95 a barrel would have doomed us all? nobody seems to care except for us. plus, big tv birthday today that got us all feeling old. we will present the best and the

worst tipping states in the snags. >> what a crazy day this has been for the markets. major come back for the stocks. we will talk about what goes on after that. the bonds today for a time. tells us whether this bond rally is back and for real. and the ceo of the mayo clinic is here to tell us how much obama care has been affecting his company's financial health. hope you can join us from here at the new york stock exchange at the top of the hour. more street signs and herb greenburg coming your way after this. oh, he's a fighter alright.

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>> hold up, 15 years ago today, "sex and the city" debuted on hbo. millions in dvd sales. >> for reasons you can probably figure out, more americans may

be getting a strange craving for a snack in the middle of the night, especially in some states. mcdonald's is helping out. it will expand it's late night munchie menu. a big mac and an egg mcmuffin all at the same time is generiu. >> what is the one thing that new yorkers do better than everybody else? tip their wait staff. my dear departed grandma and grandpa used to own a restaurant in pine bluff. come on. you can do better.

i know down south, and as a southerner, i can say this. more buffets. therefore you don't have as much table service. up next, two stealth stocks that everybody should be keeping an eye on. and why the earth's loss is outer space's gain and vice versa.

all right, welcome back. let's talk about general motors. >> it's the annual meeting. the most interesting question is whether or not general motors will finally issue a dividend. here is what dan akerson had to say about using capital in the near future. >> as we go forward and how we manage our financials, we will continue to consider methods, ways that we can return capital and it's either share repurchases or potential dividend. i think first and foremost we must continue to invest in this company so we don't lose the competitive edge that we have today. >> bottom line, don't expect a

dividend any time soon. >> something else i want to ask you about,year-to-date. i'm reading a book, an excellent book on detroit right now. it's actually blowing my mind, but that's another segment. i want to ask you, is gm really a better-run company than it was five years ago, or is the stock stuff and everything just kind of a new coat of paint on a still-rusted car. >> it's a healthier company. and it is run better than it used to be run, in part because they have cleaned out a lot of what was killing general motors before. you had the legacy costs, you had far too many plants. it's much for efficient, leaner operation. having said that, brian, now that general motors has gone through this phase where they cleaned up the problems and they have moved forward, the real challenge is, how do you grow in north america and how do you fix europe? those are the two areas that are going to get particular

emphasis. they've got a slew of new models coming later this year. that should help them pick up a little bit of market share. but can they sustain that success? that's the real question. >> i was up in montreal, canada, last night and i saw a car called the trax, the chevy trax. looked kind of cool. >> it is tiny and they think that can sell in canada. when you look around the world, you'll see more than a few weeks. in fact, there's a favorite vehicle our producer has from over in australia. she wanted to come here and they never brought it here in the u.s. that's the way it goes sometimes. >> g8 was here briefly for pontiac and that was a hot car. phil lebeau, thank you. the other stealth mover along with gm is oil. it's back around 95 bucks a barrel. let's get now to sharon epperson with the reason why oil is up a percent. >> we did get a rise above the $95 mark earlier in the session. we haven't seen prices this high in about a week's time. of course, the weakness in the dollar is one factor that traders are talking about.

but also, you have to remember what occurred yesterday. we got that big, surprising decline in crude supplies. that no one expected. it was the biggest weekly drop that we've seen all year long, and that is another factor that supported oil prices. it's a far different story than when you look in the natural gas market. we saw a much bigger addition to storage than traders were expecting. gnat g nat gas down about 4% on the session. that's the real laggard in the energy session. >> and this move begs the question, why are americans almost yawning in apathy over these prices, when just a few years ago, we were predicting doom over $95 barrel oil? let's bring in cnbc contributor dan greenhouse. dan, is this another example of how some people are screaming that we're doomed, but americans adapt and react so much better than we think they do. >> to some degree, yes, to some degree, no. in the case of the payroll tax adjustment and higher tax rates, while it falls on certain

segments of the population, it was a relatively new adjustment that consumers had to deal with and they've admittedly done much better than myself and everybody else thought they would be able to handle it. the oil price story is a little different in the sense that 95, $100 oil isn't what it used to be. we've basically been living with higher oil prices, and by extension, prices of gasoline at the pump. we've been living with those for three or four years now. there's nothing really new about $100 oil. >> it's the same thing. we don't care about oil, but we care about gas. gas prices will go up. but we were screaming that this was doom and gloom a few years ago. i wasn't, but what do you think about that? >> it's not that you should ignore it, so two things, the first is, a few years ago, $95, $100 oil was new. so the impact on the consumer to the extent that it passed through the gasoline prices was something we had to deal with. but i just had a chart, which was spending on energy goods as a percentage of incomes.

that's gone up, but what it's also shown you, it's lower than it has been the last couple of years. and that sort of speaks to the adjustment process that's already been underway, so to speak, where consumers are, again, familiar with the price of gasoline at the pump. it's not a new phenomenon that prices rise in the spring. >> dan greenhouse, logical, rational, smart as always. thank you, dan. >> thank you, sir. up next, pop the bubbly, because earth, earth has a big reason to celebrate. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online

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people of earth, rejoice, because outer space loss is our gain. justin bieber, that guy, is going to space. richard branson says the teen idol has signed up to go on a suborbital space launch. the ticket, apparently, $250,000, and maybe they just drop him off. art porn. how's that for an intro? art and porn in the same sentence. bring them into tv. >> and viewer discretion is advised on this one. wealth-x has just released the top list of billionaire art collectors, the world's 271 billionaires had an average of $31 million each of artworks. the big collectors have a lot more. here are the top three. third place is eli broeg, the l.a. billionaire and art patron. his collection is valued at $1

million and he's pledged a lot of it to museums. here's one of his pieces, the balloon dog. number two is stevie cohen of sac. of course, client withdrawals hasn't changed his appetite for fine art. he paid $155 million for picasso's "le reve." and the number one -- the formaldehyde shark. but they fixed it. they got a new shark. and the world's number one art collector is david geffen, he has a collection worth $1.1 million. he also turns out to be one of the smartest buyers and sellers. when prices were high, he sold a jackson pollack for $140 million and he saw this painting for

$137 million. sometimes being a great collector, brian, also means knowing when to sell. >> that is right. eli brode, a good guy. the hurst, and i like contemporary art, but they seem like they're fly by night. any sign of that? >> you never know. >> sharks in formaldehyde? >> a lot of the art market is such an insider's game that we never know until 20, 30, 40 years later. >> whatever happened to hurst's skull with all the diamonds on it. >> he bought his own work. >> insider art trading pb what is that? >> that's coming up next. >> tlstz another good tease and a good segment. >> robert frank, a man who has never been de-pickled. >> not yet. >> don't read into that. i've got people here, folks, on your staff, barely wearing clothes right now. let's take a look at the dow jones industrial average, if you can. we made a roaring comeback. we were down triple digits just

a couple of hours ago. the dow now -- it's not up big, but it is up. the nasdaq and s&p are all higher, as our "street signs" mottos go, everything's fine. thanks for watching "street signs." mandy's back tomorrow. the "closing bell" is next. hi, everybody. we're into the final stretch. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange, where it is a comeback thursday. this market trying to complete a major comeback. the dow trying to avoid the first three-day losing streak this year. that, alone, is extraordinary. >> we haven't had one. >> exactly. i'm bill griffeth. it's setting up to be a very, very interesting final hour of trade. volatile market in the focus of today's program. we've had the currencies really dictating this play, an unprecedented turnaround. lately, with the japanese strategy to try to lower interest rates and the value