about a suit she filed against him seeking additional money saying, among other things, he engaged in racketeering and hid funds from her. >> another reason to stay with your first wife. >> absolutely. >> indeed. >> my only wife. >> i really enjoyed that. thank you very much. kate, kayla, eamon and robert, thanks very much. i'm simon hobbs. that was our special edition of "power lunch." "street signs" starts right now. is the treasury's market like a ponzi scheme? noted investor scott minot says it is. he's here with why and why he's putting the billions he's got to invest. detroit edging closer to bankruptcy. it is suspending some debt payments. this could set up the biggest battle over an american city's finances ever. plus, yesterday we talked herbalife with analyst tim ramey. today he's here to respond, and on this flag day we'll bring you the top five companies making

the most money right here in the good ole usa. happy friday, everybody. mandy is off today. we did notice, maybe that's why the dow is down, off 112 points. right now we're going to get much more on your markets throughout the next hour. your top story is the breaking news out of detroit from today. mary thompson has it all for us. mary? >> reporter: in a bid to avoid bankruptcy and to continue providing needed services to its 700,000 residents, the city of detroit is defaulting on $2.5 billion worth of unsecured debt, failing to cover a $34 million payment due today. the decision is part of a restructuring plan the city's emergency manager kevin orr unveiled today. in a statement michigan's governor rick snider calling the plan a first step in a long and difficult process but a critical step in detroit's long-term economic growth. under the plan holders of detroit's $17 billion in debt will receive ten cents on the dollar for think ious and

employees will see changes to their pensions. there's still a 50/50 chance the motor city could file for bankruptcy which would be a first for a major american city. the city, of course, has been in economic free fall for almost half a century now that it's eroded the city population, its tax base as well as the physical plant. brian, back to you. >> mary thompson, thanks very much. more on detroit this hour, you better believe it. right now let's get to the trading floors where the dow is sagging a bit on friday. we're off about 120 point. bob pisani at the nyse. rick santelli at another large midwestern city with a questionable balance sheet, but, first, bob pisani, to you in the markets. >> you know, what's interesting this week is we've learned that a lot of people think there's a significant amount of interest rate risk out there, but apparently think there's also a little bit of growth risk out there. take a look at the dow jones industrial average. we were fine until just before 11:00 in the morning, and then we started dropping down. that's the time the imf report came out on the united states. this is not normally

market-moving information but they lowered the 2014 gdp estimates, 2013 they maintained it, fairly anemic. it shouldn't move markets but appears to have done so. take a look at the dollar/yen which is what everybody locks at these days. the yen strengthened, and the market is moving to the downside. although we're getting choppy behavior this week, up and down, we're continuing to see weakness in the cyclical areas and international areas. financials, energies, materials stocks are leading to the dunn side and the international sectors we've been talking a lot about, emerging market fund, for example, or chinese funds. here's the wisdom tree, dxj, this thing is down close to 30% in the last few weeks. china, fxi, not hit as hard, down 3% and there's the eem, already a 10% correction in that one. that's down another 1.7% today. overall, the last two weeks, that's what i mean by cheap action. this is the s&p 500 in the last two weeks.

i guess the bottom line here is we're pricing in some tapering, but we're also pricing in some fairly modest growth in the u.s. economy. i would rather see a little more growth, too, and i accept a little tapering on top of that. back to you, brian. >> just little tapering with dinner. bob pisani, thank you very much. a very smart guy named scoring minor is up in a few minutes. he thinks the treasury market is acting a little bit like a ponzi scheme. his words, not mine. what do you think of that? >> well, first of all, it's a loaded word, so let me ask you. what do you define a ponzi scheme as. let's start there, brian. >> borrowing from one to pay for the next and the endless continuation of that until there's nobody left to take new money from and the whole thing collapses. >> okay. now that -- that does sound -- it sounds more like social security or entitlements than it does the treasuries, but it's very close, and i'll tell you why. quite simply, and your guest can speak for himself, but when the

treasury issues paper and the fed basically buys the paper and the intermediation of this is 22 primary dealers like in "bonfire of the vanities" basically knows that the fed will always be well bid for the paper that think probably recently bought at an auction. yeah, it sounds highly questionable. is it exactly a ponzi scheme or not, i will be listening to your guest, but it certainly doesn't sound like any markets of the past that i used to trade. >> well said. rick santelli, thank you very much. we can listen to the aforementioned scott minor right now. chief executive officer of guggenheim partners. he's been right on the money with most of his big-market calls over the past couple of years, but scott, i'll push back a bit. you heard rick santelli and i talking about it. i was a little surprised to see you do it. why do you describe treasuries as a bit like a ponzi market? >> well, you know, it's interesting because i think rick hit exactly on the issue which is the definition, and what i was talking about, brian, was

not my words but hyman minutesky's word and that's the famous economist who basically under his theory says that government programs designed to stabilize the economy are ultimately destabilizing. that is, markets that are being managed through a policy mechanism that provide stability which is not at equilibrium ultimately have to come undone once the policy is removed, and so the point i was making in treasuries is that given where treasury yields are today, that unless you think somebody is going to take you out at a profit in the future and that mostly that investor is thought to be the federal reserve, there is no real economic reason to purchase treasury securities relative to other things that are available in the market, and, therefore, based on minski's description, it would be a ponzi market. >> okay. you referenced the policies that

are put into place, and i assume you're talking about quantitative easing and the fed's buying program. a lot of the debate, scott, recently has been when it will end. we know that at some point it will. so today on a program that i do on yahoo! finance called "talking numbers" i interviewed david stockton, the former chief economist at the federal reserve, a man with insider knowledge. here's what he had to say when i asked him bluntly when he thinks the fed will begin tapering. >> i think they could, and they certainly went out of their way to indicate that they could adjust qe in either direction depending upon circumstances, but i would think once they begin the tapering the bar for actually increasing the amount of purchases again would be pretty high. >> direct question, scott, was will they begin tapering or ending this year? he said yes. is he right? >> you know, brian, i am actually in the camp that i think there's probably at least a 50% chance that we're not

going to taper this year, and let me tell you why. when you look at how much interest rates have moved, even before we had this massive backup in rates of 50 basis points which is about, you know, 25% given the level of interest rates we started at. we are starting to see housing activity stall out. mortgage applications dropping off and refinancing applications dropping off, and housing is in and of itself directly and indirectly contributing to about t two-thirds of gdp so when you see the last gkp number at 2.4% and housing is at least 1.5% of that, if housing stalls out, and i'm not talking about it falling off a cliff, i'm talking about just the activity, flattening out where we don't have any home price appreciation or growth in construction, then what we're going to start to see is that the economy is going to stall, and if the economy starts to stall rates are going to come down, and i think the dialogue

before the end of the summer is going to be what not about tapering, it's going to be about increasing the size of qe because of housing. >> you think qe could get even bigger? >> i think the policy-makers have told us that that's a real possibility. >> what do you say then, 1.5 yield on the ten-year again? >> i don't think we're going back there, brian. i tend to think that our trading range now on the ten-year note is probably between 1.8% and 2.5%, but if you notice what's going on, and i think the fed is very happy with what's happening here, is that frank a rear ago was about 1.4 to 1.8. then it moved up to around 1.5 to 2, and now we're just slowly ratcheting it up, and as long as we can keep ratcheting it up and the wheels don't come off the economy, we're objection but the thing you is can't let rates rise too quickly or you're going to stall the economy, and we're going to have to do something more dramatic, and i think the

fed wants to avoid that. >> two more questions before i let you go to the beach that's directly across the office in which you sit right now, scott. this is it. currencies are hard to talk about on television, right? people are i don't trade currencies. this is interesting. if you bring up a chart as we're going to do of the dollar/yen against the s&p 500, can you see that they track almost perfectly, so if ben bernanke may be is in charge or not in charge of this market, is the yen, is the japanese currency actually what is driving the stock market right now? look at that chart. it's pretty convincing. >> it's amazing, and -- and, you know, it's interesting because inadvertently just about the time we qe3 going we turned on the liquidity pump in japan, and basically what the bank of japan, kuroda and abe are telling the world, hey, look, our currency going to depreciate. we're going to drive inflation higher which is going to be bad

for bond yields in the long run in this country and so, you know, if you really want to make some money, you know, take -- borrow money in japan or -- or take money you have in japan and move it into another market, and obviously the united states, as bill gross has said, is the least sturdy shirt in the bag, and compared to other destinations around the world, it's the destination of preference, and i think that the capital flowing that is being created because of japanese monetary policy is clearly pushing equity prices higher. >> and you are smiling because about a year ago on this program you told people, hey, go long european stocks. i think i might have called you crazy back then, scott. the daxx, the kak and spain index are all soaring. have you put money up, or have you started to taper yourself out of the european equity markets? >> we largely exited the european equity market the friday before cypress, and, brian, i'm looking for an

opportunity to get back in, but i think it's a little premature because the news coming over the next few months on top of the market volatility that we're currently experiencing around the qe debate, until this thing gets a little better resolved, i think uncertainty will stay high. uncertainty is not good for asset prices, and i think we're in for a rough summer. >> scott minerd, thank you very much. a man not in for a rough summer because you've been riyadh right. thanks so much for joining us, buddy. see you soon. let's get back to the breaking news out of detroit. joining us on the "newsline" is james holman, assistant director of fiscal policy at mackinaw center. not a surprise to come but still a big story. how much bigger does this get in detroit? do they file for bankruptcy eventually? >> kevin orr says he has a 50/50 chance for filing for bankruptcy, but it all depends on whether the creditors accept the deal that he's given them today. >> do you think they will? >> bondholders will be insured.

a lot of creditors don't have that luxury, james. >> these are the city's former employees. the pension fund is sinking the state, and one of its largest debts right now is 5.7 billion for unfunded retiree health care benefits. these are benefits that hardly anyone in the private sector gets, and they are also unsecured. >> so if you're a retiree of the city of detroit, you're living right now in michigan or florida, you pull 1,500 as a month as a pensioner, is that going to go down? are you going to wake up and they will go down to 800? >> for pension benefits themselves, the city's been adequately funding those benefits. the problem though is the retiree health care benefit, so i would say if you're a person that's retired from the city of detroit at age 50 and have to wait 15 years before medicare kicks in, i think kevin orr is looking at your benefits. >> constantly protected by who?

michigan has its own problems. do you believe the federal taxpayer like they did with gm could be bailing out detroit city retirees? >> the federal bailouts are going to come in subsidies for things like its bus system and for helping detroit to demolish some of its vacant properties. i doubt the federal government is interested in writing detroit a blank check. >> james hohman, thanks so much for joining us on short notice. appreciate it. over to josh lipton for a market flash on walter energy. what's up, josh? >> that's right, brian. here's the news on walter energy, ticker wlt. halted for news pending the headlines. walter energy has pulled a planned $1.6 billion credit refinancing, this is according to reuters, reporting that it was pulled because of market conditions. the coal miner, the news pending was halted but those headlines dropped in here. over to you as we get more headlines on it. >> and watch for the stock to restart trading. josh, thank you. on deck, we'll lay out what

could be the single biggest global threat to the u.s. market, and, remember, yesterday herb went on a bit of a tear of herbalife, touting one very bullish analyst. well, the analyst is here, and tim ramey has a few words for our dear herb. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

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this e-mailing of the report to the pr fishing, to me that's one of the most bush league things. you see promotional activity

like that from penny stocks, sell side analyst. that you typically don't see with sophisticated companies. it's just something that got me going today. >> well, that was herb yesterday or a static version of him because he was actually live and in person ranting about herbalife touting one very bullish analyst report. now, herb not so much slamming the analyst as how the report was distributed which was by a pr firm. herb thought it was, well, kind of hokey. that analyst is here. he has got a few words for our dear herb. he's d.a. ramey. i'm not going to give you the words. you had them yesterday. tim ramey, what was your beef with herb's segment? >> thanks, brian. when i reviewed, it i realized that that was the source of his -- his ire, but i actually thought that the focus was actually kind of crazy. who cares what the pr firm does. the pr firms do what pr firms do. this is an interesting story where this stock is up 48% year

to date, and yet we still, you know, kind of give these short sellers a lot of credit. i think we're seeing blood in the water. this is -- this is beginning to be the short squeeze, you know. we've got usana up 127%, new skin up 66%, herbalife up 48%. these are three of my best recommendations for the year, and, you know, herbalife was my number one recommendation on january 2nd. >> in all my years of doing this, and it's one thing i've learned and it is this. just because stocks are going up on these heavily shorted names and companies where there's a good battle, it doesn't necessarily mean the shorts are right or wrong. what it means is generally that the stock is going up. now, again, that doesn't bear out any argument one way or the other. can take that point view, but i think that's sort of true for a long position. a long holder can kind of hold on forever.

somebody who is short this stock at, you know, 25 has already lost 100% of the value of their -- >> tim, this is not about the short sellers. this is with a bigger issue. it's about a criticism of a business model and it's not just herbal life. >> sure. >> i can argue it's an entire industry. the entire market level industry, there's been very little oversight for many years, so this sort of draws attention to an industry, public and private companies, so to say that the short thesis is in tatters based on the stock price, you could say, yeah, for now, but based on the ultimate outcome i don't think anybody knows that, and i want to say one thing. you say in one of your reports, you say an ftc investigation is likely to result in a vindication of the business model. how do you know? >> well, of course, there is one outcome that would not, and that if the ftc shut them down. i don't think that the ftc is

going to do that because they are not illegal pyramid schemes, at least on the work that i've done and i've followed this stock and this industry for a long time, so if i take that off the table, almost every other ftc action, if there was one, means this stock is going to 75 or 80. let's just say for a second, herb, that you say we didn't like lee generation, i don't like lee generation. i thought it was kind of a scummy practice. thankfully, it wasn't herbalife doing it, but another practice. let's say we didn't like lee generation, going to fine you $50 million and never do it again. >> here's the issue. you don't know how much -- this is a -- >> get out of weeds a little bit here. >> the bigger issue is, herbalife has done a tremendous job cleaning themselves up and

really try to change the rules and operate in a different way, how does that affect the growth? how does that affect the growth going forward because for some reason they are trying to change a lot of rules inside the company about how their distributors do business? you have one large distributor who has already left the company. there's speculation another large distributor or two may leave the company. how does that affect the business going forward? >> well, i think they told you on the first quarter that january was soft. that was the impact of that and february was better. march was the best march they ever had, so i don't view these as material changes or material impacts to their business model, and, of course, when we're talking about the u.s., that is 20% of herbalife, so i -- i this one is going an awful lot higher, herb, and -- and, you know, that's my job is to make that call, right? >> and you're making the call, and i think, tim, here's what we ask of you. next time somebody corners you at a bar and says those jerks on cnbc, hey, they invited me back on to counter what they heard the day before.

they talked and you listened. >> very duly noticed. >> tim ramey very bullish on herbalife. >> and herb very bullish on herb. >> the ultimate end game here. >> what's that country song you and me and we agree to disagree. just ahead, jumbo jets going head to head. will airbus beat boeing at its own game? and kobe bryant's mom cleaning the house out and disc some of the nba superstar's old duds. not too late to get your hands on a poiece of the all-star action. we'll talk about the auction coming up. er opportunity for your business, a better legacy to leave the world. we have always believed in this pursuit, striving to bring insight to every investment, and integrity to every plan. we are morgan stanley.

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and a 30-tablet free trial. well, if you've got about 50 million bucks handy, you can buy the famous harlem globetrotters basketball team. that's right, the team is for sale. the private equity firm shamrock capitals owned 80% of it, a team that's played more than 25,000 games. they have won about 25,000 games. all right. staying with sports and a special treat right now for all you sports collectors out there. for the first time ever, rare

kobe bryant memorabilia is up for sale. now, it hasn't been without its drama. the auction kicks off monday after a legal battle pitting kobe versus his own parents. ken golden, founder of golden auctions, joining us now for a first look at some of the rare and very cool items hitting the auction block. welcome to "street signs." >> great to be here. >> focus on kobe first. i assume that's not merion for the golf tournament, real jerseys from kobe's high school days. >> this is -- this is his uniform. this is one of the marquee lots in the auction. this is his lower merion high school uniform. it is the only one that has ever been seen or available for sale. probably the only one that will be available for sale. he won the state championship in this uniform. you have the top and the pants. here's the back. they didn't put the names on the back in high school. wanted everyone to be a part of the team and an item like this, the matching uniform. >> do you bid on all four together? >> individual lot. >> for example, this lot will be

starting at $10,000. we expect it to go, you know, $100,000 or more. this lot is an individual lot, starts at $10,000. here's the key with these items. something like this, were it not -- you mentioned the legal dispute. were it not for the circumstances surrounding the auction, items like this would never have come for sale. typically when an athlete sells something, they are older or they need money. kobe bryant is, you know, guess being he makes over $50 million, $60 million a year, guessing he's worth $250 million and would never sell the items. >> different for his mom. >> the case has been settled, as we issued in the press release. we have free and clear rights, unencumbered rights to these items. golden auctions has full tight. he will pass. his laker jersey sold for $110,000. >> this is not only -- this is not historical -- >> this is lot number two. >> a very, very special piece of

wood from baseball. this is the bat that jackie robinson used in 1949. >> correct. >> this is stunning. >> that is the only -- >> can you hold it. i'm afraid i'm going to drop it. >> take a look right here. this is the only known jackie robinson bat used during his mvp season. authenticated by both psa and dna and mirrors. the only known bat he used during his mvp season. this is perhaps the marquee piece in the kobe brooint aucti auction, the 2000 championship ring >> the bat first. fair estimate of what you believe the bat will go for? >> easily over $100,000 and with the movie and everything else, might approach $200 now, maybe a quarter of a million. >> what about the ring? >> the ring will go in excess of 100. julius irving's ring went for 440,000. more kobe bryant fans. >> and precious metal in and of

itself. not just for historical reasons but in and of itself. >> 24 carats and 28 diamonds. >> auction starts june 16? >> to june 19. >> it's there now for preview and you can go there and see all the previews. >> thanks very much. up next, water wars, not the kind with the super soakers or the water balloons, but the battle to get your bottled water dollar. plus, you're looking at live pictures of 17th and independence in washington, d.c. where the flags are out because today, by the way, is flag day, and we have got the most patriotic stocks on wall street coming up just for you. pags

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. stocks are still down, but down less than they were. down triple digits when this fine program began. still down 91 but not triple digits any longer. take a look at herbalife shares, hlf, higher all day but right on the highs of the day you just heard a very bullish tim ramey and that stock has found a couple more buyers coming into it in the last couple of minute

or so. oil making another move today as well. in fact, doing something it really hasn't done in about nine mints month. let's find out what that is with sharon epperson. sharon? >> reporter: oil is at highest level we've seen in nine month's time. haven't seen prices this high since september of last year, brian, and what's driving prices right now, well, certainly the situation in syria. the tensions there escalating has helped both wti and brent crude prices in this session, and we're looking at present crude that is at a two-month high. a lot of traders saying the fact that we're looking at oil prices having crossed the red line of 105 for present and 95 for wti what is a lot to did what president barack obama said about syria crossing the red line of kechemical weapons. that's something traders are watching and looking for their reaction of russia, a key ally to syria and the reaction of iran as well and particularly iran with elections today, and

we're also continuing to watch what is happening in the north sea because that has been supportive of brent crude prices as well. supply issues there, and a deadly accident on a gas platform in the north sea, definitely has traders a bit anxious about possible supply disruptions and supply issues on oil facilities as well in the area, so we'll watching all of that, and, of course, the g-8 meeting and the fomc meeting next week. all of that is going to be a lot of concern and interest to the oil markets. brian, back for you. >> which means you'll be working another very long and hard week, sharon epperson. >> all right. >> thank you very much. appreciate it. now from oil to another, albeit more refreshing liquid asset, and that would be water, and we lead this off with a question. on average, how many gallons of bottled water, gallons of bottled water, do americans drink in a year? that's enough time. the answer is 30.8. and that number is going up. in fact, u.s. bottled water sales grew 7% year over year last year to nearly 12 billion in sales for water. some guy is probably putting in from a hotel tap.

what does that mean for the bottled water powerhouses like nestle. joining us from morningstar, aaron la-- erin lash. thanks so much for joining us. those numbers are staggering. without getting into the purity, is that money in the bank for dannon and nestle? >> bottled water takes advantage of emerging consumer trends, health and wellness, convenience, and so there's definitely appeal, and if could be summers see the value they have shown the willingness to pay up for something as simple as bottled water. >> what do you think -- there's a lot of options out there, erin, who do you think will win this battle overall? >> a hard market and a very crowded market. you mentioned nestle and dannon and pepsi and coca-cola which are obviously major hitters in the penchlg space, also compete in the market so it's very

competitive, particularly in developed markets, but also in developing markets. we've seen bottled water sales continue to grow in developing markets and so that's still some fresh terrain this these companies are looking to garner a larger footprint in as well. >> so erin, do we know what the profit margin is on a bottle of water? you know, two bucks at a local convenience store? is it basically two bucks worth of profit? >> i don't have that off the top of my head? >> some guy in the back room filling them up and resealing them? >> obviously you do have the costs with regards to the plastic bottle and you have the costs with regard to the distribution, so those play into it, but like you said, it is a common resource, absolutely. >> erin lash of morningstar. have a great weekend and thank you very much. >> thank you. still ahead on "street signs," a flag day treat. we just talked about two french companies. we're going to talk about names that will make betsy ross proud. plus, we'll tell you what apple

has to do with one of the world's biggest and most expensive yachts. but first, let's get to a man often seen on a yacht, sometimes in clothes. bill griffith, what's coming up on "closing bell"? >> where are the customer yachts, that's the question. coming up on "closing bell," are we on our way to another down week? sure looks like it. we'll track the final volatile hour of trading, and the big deal of the week did not involve a trade. it was the new england patriots signing lightning rod quarterback tim tebow. patriots owner robert kraft will join us to explain why he's iin foxborough and superman is getting a makeover. is the man of steel still strong at the box office? we'll use our x-ray vision for the answers. summer on the street has come back to "closing bell." maria and i will see you at the top of the hour on "closing bell." more "street signs" after the break. ♪

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it took five years to build, and here's an odd fact. the yacht's gas tank is so big it can sail from new york to london without needing to stop to refuel. here's another odd fact. a sailboat could do the same thing for a lot less. from the sea to the air and a dog fight is brewing between boeing and rival airbus in paris. at the paris air shoer show on monday, the maiden flight of the new a-350 will take place. phil lebeau, the a-350, controversial plane. will it be a hit? >> reporter: well, it actually, and not to correct you too much, did take its maiden flight today in paris. toul 0 se is where they made the first flight of the a-350 wb. this is going to be a plane that's essentially going to be countering the 787 dreamliner as well as boeing's 777, and like all first flights, there were plenty of airbus employees there cheering it on from the ground, so the question becomes when you look at the a barb 350 wb, first

scheduled delivery next year, how much will it rival the arab bus? they say it's 20% more fuel efficient than what's in the market and 6% more efficient than the dreamliner. over the last year you can see airbus and the parent of airbus it's outperformed boeing. for boeing's perspective it also has news that it's going to be making on monday that it believes is going to get plenty of attention, and that is the launch of a larger dreamliner. this is going to be a 78710 x is what they are calling it at this point. the largest stretch version of the dreamliner. it would be a third version of the 787 from boeing, and against the a-350. they believe that this is one of those planes that can fit into that market. don't forget we'll be talking to the chairman and ceo of boeing. that will be monday morning on "squawk box." don't miss it at 6:00. a lot of news coming out of paris and, brian, we'll be there to bring it to you. >> something i didn't screw up

by saying i meant the first maiden flight in paris but i was just wrong, so the a-350, does that compete with the 787? what would be the other option then? >> instead of the a-350. >> the a-350, the 787 and 7777. on the higher end is will go against the 777. on the lower end in terms of configuration and the number of people who will be seated by the airlines in there, it will go up against the 787. that's the whole idea here is that they are trying to essentially take out two markets there. now, the 777 stretch version, which is expected to be perhaps formally approved by the board later this year, that is going to be the next big aircraft that we're looking for, so these guys are jockeying for position. >> if you're the airbus sales person, you've got a bit of an advantage because the 787 problems, right? you say, hey, you know the difference between the a-350 and the 787 is, ours hasn't been crafted.

>> and they are using nickel kadhum batteries. >> safer than the lithium or at least that's the thinking. >> they wanted to eliminate any doubt that was there, but keep this in mind. the ceo of airbus has said eventually they will go to lithium ion. initially they don't want delays. they want to make sure this is as clean as a delivery launch as possible. we see happens over the next year. >> it's a terrible joke. what is it -- why did the french train crash? toul 0 se lautreq. use that in france, you'll be a big hit. >> i'll go over well. >> phil, thank you. this amazing bick tire. this is the very top of the world trade center in lower manhattan poking through some clouds. it was snapped by a delta captain. the building known as one world trade center now towers 1,776 feet tall. 1776, and that's not by accident. that is a spectacular picture. up next on this flag day edition

of "street signs," all american stocks, the biggest five companies that get all their revenue from right here. plus, korea, syria, iran, what's the biggest threat to u.s. investors? we'll answer that question coming up. maas all business purchases.

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. in honor of flag day today, here are our nation's top three companies that get 100% of their revenue right here in the usa. not completely immune to global threats, but largely so. you've got, number three, verizon wireless, right. makes sense. the number two spot, cvs caremark, 100% based right here in the usa and number one, at&t, up 7% year to date. so these numbers have done pretty well though at&t has underperformed the dow. still, 100% of their money coming from right here. and as proud as we are of this great nation, we're equally as concerned about it because there is a lot of uncertainty in the world right now. in syria, the white house now saying it will provide military support to the opposition following reports the syrian government used chemical weapons on its own people. in turkey, we have seen days of

mass protests against the government there. in iran, lots of uncertainty as millions cast their ballots for a new iranian president, and finally, north korea, the wild card, a young leader with big nuclear ambitions, or at least so he says. these four, these four -- syria iran, north korea -- maybe a fifth wild card, which is the biggest threat to global security? joins us, halem and peter, manager director at knight capital. peter, first to you, as an investor, which one of these is your biggest worry? >> well, right now, i think you have to be most concerned about syria. though it does not -- technically, it is not as strategic as turkey, for an example, or in some respects, north korea. it does represent the biggest risk profile in the event that the conflict widens, in the event that russia gets involved, in the event the united states steps up its involvement. the potential for a wider

contagion does exist in terms of civil unrest. of course, you know, syria is bordered by turkey, iraq, lebanon, israel. it is right in the epicenter -- >> yeah. >> -- of much of what we need to -- >> and it's a great point, because, peter, as syria may not be obviously an energy producer of any size of its own, there has to be concern that the violence you talked about could spill back into iraq even, saudi arabia perhaps, and this could cause sort of a match under the region. >> and keep in mind, brian, syria is not an ally of the united states. >> it's true. >> whereas, turkey is a nato member. >> alima, which one do you worry the most? >> i still worry about iran. we've had no progress in terms of nuclear negotiations. if we have anything blow up in iran, 17 million barrels of oil goes through the straits of hormuz. it's the story if we get any type of conflict, it could put pressure on oil prices.

syria, we don't see it impacting markets. if it impacts iraq, that would be very, very important story for the markets. now, it's a humanitarian story. >> and that's great point, and it is difficult. and this is hard part of our jobs we do, which as tough as it is or untasteful as it seems to some people, extract the humanitarian from what we do here. so syria, a big deal to you. but not from a markets' perspective. >> yeah, again, if i see it spilling over into iraq -- i mean, iraq is such a big oil producer. 45% of new growth in oil markets between now and 2030 is supposed to come from iraq. so if we see it affected by the conflict in syria, that will be important. i don't see it spilling over to be a market story now. >> peter, do you ever think and worry about north korea? i mean, the state is almost comical in what they say. have you seen their press releases and their threats?

do you worry about it as an investor, or is it a sideshow? >> well, it's a concern, and it's a risk. but it's a constant risk. in other words, it's never off the table. it's a nuclear power. it is such an inconsistent factor, it's actually a constant factor. and as a direct result, you always have to have it on your -- in terms of sort of gauging the geopolitical risks associated with what they could do in that particular part of the world. and sea pac, the impact on not just south korea and japan, but on the whole region, unfortunately we have to on some level depend upon china to engage north korea, to keep them hampered in, in terms of their nuclear aspirations or their military aspirations. and as far as china's concerned, you know, to some extent, yeah, they'll buy into that, but not entirely, because to the extent north korea can act as a distraction or risk profile that

needs to be managed, it works to their benefit. >> so it's friday. you each get a free 15 seconds, because we're feeling generous. is there a wild card out there, peter, besides these four? >> i think right now you're seeing a lot of volatility in the market, and if it actually increases, it could shake out a lot of investors who just recently stepped into the market, trying to chase returns. >> a wild card, halema? >> i'm watching iraq. 2,000 people killed in the past two months. there's concern that iraq is on the precipice of another civil war. so iraq is the country i'm watching -- >> could you see quickly a situation where iraq goes back to what it was, which is three, four separate nations? >> that is something that people are talking about potentially. again, we just have to watch the situation there. i mean, if the violence continues at this level, i think anything is on the table. >> my wild card is what we showed our viewers. 97 buck oil. remember when that would destroy the markets? i guess we get used to stuff. who knows?

thank you both very much. have a great weekend. >> thank you, you, too. so there's a lot of very serious news out there today. but it is friday. so up next, we're going to relax a little bit with a beer, and we're going to speak out the microbrew boom with the man who started dog fish head brewery, their new line of food and we'll drink 18 beers in the next 20 seconds. i'm not kidding. well, there's 40 of us, also. we're back right after this. (announcer) scottrade knows our clients trade

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cold beer? red hot. craft beer sales grew 17% last year. one particular craft bury is seeing -- brewery is seeing 15 years' double-digit growth and is branching off with food lion. sam is now here with us. sam, i'm a big fan of your beers, by the way. >> thank you. >> why are you getting into food? that seems risky, branching out from what you know. >> it is. we started as the smallest brewery in '95 with the focus on brewing food-centered beer. so we've incorporated culinary ingredients, like coffee, vanilla beans. so it isn't that far of an extensi extension. >> i saw a chart there was about 800 craft bureweries 10 years ago, and,000 a few thousand. how are you fending them off? >> by collaborating with them.

our industry is ail true h-- al. it's two dominant global companies have 80% market share. >> miller coors i would imagine, and -- >> yeah, yeah. >> they still have 90 some percent -- >> 80 something percent share. we bring a rising tide floats all ships, so we're looking for opportunities to do projects together. >> wow. did they ever come to you, you know, what are you doing, you're a successful guy, let us make you richer, buy you out, get you off the market? you're now 15th biggest in america. >> yeah, no, we got the crazy monopoly sounding money offers, but we're having too much fun. ours is a family owned company. i work with 200 awesome passionate co-workers, and we want to grow it as a delaware-owned and based company. >> you have all kinds of beers here. you have all kinds delicious -- these are fresh cooked? >> yeah, let's have one. you're having the espresso -- >> espresso? >> it's an espresso, it has

spice to it, and made with the chicory stout beer. what do you think? >> i think it's good. >> a little kick in there? >> i think i'll be jacked up tonight for -- they say, sullivan, why do you have so much -- espresso sausage. >> the beer and the brat. >> we have to go. we'll sit here and eat this. thank you. have a great weekend, everybody. thanks for watching. >> cheers. hi, everybody. happy friday to you. we're in the final stretch for the week. i'm maria bartiromo, coming to from outside the new york stock exchange for our special summer on the street day here on "closing bell." hey, bill. >> i've been looking forward to it all month here. finally, the sun came out -- >> missing you! >> -- i'm loving that. >> missing down here. >> i'll get back there next week. bill griffeth at cnbc world headquarters.