and most of them are sold at independent bike stores like this one. there are 4,100 of them across the united states. they only account for about 15% of unit sale, but they do account for 52% of the total dollar sales in the bike industry. so if you want a high-end bike, this is where you have to come. back to you. >> well noted. thank you very much, mary thompson. thank you to you for watching "street signs." "closing bell" is starting now. hi, everybody. good afternoon, welcome to the "closing bell." i'm maria bartiromo with the new york stock exchange. >> i'm bill griffeth. we've had another day here, the second time this week, where we've had -- we've lost early gains heading into this final hour of trade. we're keeping an eye on that as we go into this last hour of trading. the dow was up 80 points, or thereabouts at the peak today. but since that time, we have been heading lower. we were down 90 points. we're coming off that. among the stories we're following, the deadline from the

military in egypt. the massive protest seeking to remove -- the removal of its president continues to roll that nation. that's a live picture. it's 9:00 p.m. there. this is the third day in a row we've seen this kind of activity in tahrir square. that's also helped to send oil back to nearly $100 a barrel in new york, and, also, it has made the dollar something of a safe haven play, which has not been too good for our market. the dollar index has moved higher today, maria. look at that. >> yeah. >> and what happened when the dollar moves higher every time? our stock market went lower. so that seems to be one of the things triggering this sell-off today. >> i was thinking earlier, there has got to be a cost to social unrest. what is the cost, and how do you value that into an economy -- i mean, putting lives and, you know, fatalities aside, and crime. but there's a cost to an economy. and what is that in terms of how investors value that end?

>> there's tremendous impatience. we were pointing out yesterday, it was only a year ago they were assembling there in tahrir square in support of president morsy and his economic reforms that he was promising. and now, there's tremendous impatience as those reforms have yet to materialize. that's why the military is standing -- is stepping in. by the way, it's not just egypt today that people are talking about. there's also portugal, the foreign minister has resigned after the finance minister did yesterday. and, of course, greece. there's questions how they'll get their next debt payment. all kinds of things going on here. >> and things have quieted down in brazil, but that's another extraordinary story, one you would not expect. we'll also be getting you exclusive reaction to what's happening in egypt from the prince al waleed, and we'll discuss his holdings in 20th century fox, all ahead.

>> and then, something completely different, disney in with the folks today, because of lone ranger, with johnny depp, had a budget about $250 million. it opens tonight. it's getting some of the worst reviews ever. ever! this has bomb written all over it. but if it does bomb at the box office, what happens to disney stock? it is, after all, a dow component. we'll look at that. >> who told you i'm dying to see that? >> you did. >> oh, i did? >> no, i just made that up. >> yeah. let's check the markets for you, as we approach the final stretch, the holiday-shortened week. the dow is down 72 point, about .5%, 14,902. check the nasdaq. a similar chart pattern, you will notice, as we see the nasdaq composite, also bouncing off the lows but showing a decline of 12.5. technology one of the weak spots. and the s&p 500, also the same chart pattern, bumping off the bottom, about 230 or so, showing a loss right here of about 4 points on the standard & poor's.

the market started out in the green, but continues to fall toward the end of the trading session. let's talk about that now with charlie smith, steve parker from jpmorgan private bank, chris constantineos, and our own rick santelli. thank you for joining us. >> thanks for having us. >> does it matter to you that it is a holiday-shortened week, volume likely on the downside? do these moves get exaggerated, or do you think it doesn't matter, charlie smith? >> i really don't think it matters a whole lot about volume. you know, these foreign events are going to be driving the market up and down. minor changes in volume day to day in this volume-shortened week aren't a big deal, i don't think. >> steve parker, the only thing we haven't mentioned right now is the fed, ironically. what's moving the market? just the fact it's a thinly traded market, do you think? >> yes, i think -- i think people are worried about the noise internationally. as we said, it's a

holiday-shortened week. volumes will be light. the jobs report on friday. there's a lot of volatility potentially around that. i think people are taking profits after the bounce we've seen in the last couple of we s weeks. but we think this is short-term noise. we like the market longer term. >> what do you think the jpmorgan private bank client is doing right now? in other words, are you seeing 30% of your clients right now in cash? are they still risk averse, or are they invested? >> you know, we've been hearing our clients more and more finally getting comfortable moving back into markets. we actually took advantage of the volatility last month, the taper tantrum, if you will, to add to equities. and we're hearing our clients moving from a sort of a sentiment of trying to stay in cash, trying to stay defensive. and now, asking for opportunities. they're saying, our bonds are losing money, cash is making me nothing, what are we doing in the equities space? >> chris, obviously the volatility has returned here in the last few weeks. what, in your view, is the message the market is sending with all of the volatility right now?

>> well, i think the market's in an uncertain place right now. we had a nice gain to start the year, both in the u.s. and internationally. and then, you know, the fed comes out on may 22nd, and everyone starts worrying about tapering. quote/unquote. so i think the market's still trying to feel its way through. we expected a minor pullback in the summer, but thus far, it's just been minor. that's all we expect it to be. we think the pullback this summer is going to be a lot less dramatic than it was in 2010 and 2011. thus far, that's pretty much played out. >> is that because you don't think the fed will begin the tapering in september, or just that it's being priced in right now? >> i think it's a couple of things, maria. first of all, some of the big tail risks present in 2010 and 2011, namely the possibility that the euro zone completely blows apart, i think that's generally speaking been taken off the table through leadership of mario dragi. and our houseview riverfront,

concerns over taper is overblown. we feel we're goldilocks, meaning that the economic growth is okay. it's good enough for stocks to do all right, particularly relative to the overvalued bond alternative. however, it's not so good that it will press the fed into doing any sort of meaningful tapering in the near future. >> rick santelli, strong dollars but also strong energy today, but gold is lower, the stock market is lower. what's going on? is this foreign driven, or what do you think is going on? >> well, i think it's very fascinating on a day where should the dollar index close at current levels, it would be one day shy of a five-week high close. normally, that is not a good thing for commodities. so i think the energy sector is really giving you a good glimpse into how the geopolitics of what's going on in egypt is affecting the marketplace. when it comes to interest rates, though, yes, you could see we've tapered down just a bit into the 246 area, but it really hasn't been much. and it took a trade under 14,900

in the dow to kind of drag the buying in. the treasury volume is light. keep in mind, two central banks meet thursday while we're out. wednesday and friday. and tomorrow is a shortened session, having the labor statistics, and what's going on with the middle east. i think this is a very dicey time to be trading and volume reflects that. i think the intro. believe me, it's not only egypt that has deadlines. e.u. is giving greece deadline, portugal. the gentleman said the fat tails are gone. maybe they've just lost a little weight. they're still a little robust. >> do these things not weigh into your investing strategy? do you not worry about what's going on in egypt, this unrest that we're seeing? >> maria, we keep an eye on this, but in reality, we don't have an advantage in terms of trying to predict geopolitical events. we're talking to our clients about what will make them the most money over the next 12, 18 months. we want to think where is the fundamental value? where is growth headed? and where is the momentum in terms of things like earnings?

>> what about emerging markets? >> it's been a painful place to be invested, that's for sure. history will tell you that at current valuation levels, this is the time you pinch your nose and you buy and think longer term. that being said, the emerging markets, when you think about the policies that the central banks are able to implement, are hamstrung in the developed markets, so you could see near-term volatility, but longer term, we like what we're seeing. >> because of the growth rates? >> well, growth rates. you're also seeing what's going on in china right now. you know, their government is saying we're willing to take some short-term pain for longer-term gains. you know, when we think -- when we talk to our clients about long-term opportunities, we want to make sure we're thinking further out, not just over the next couple of months. >> buy when you're uncomfortable. >> yeah. >> that's often the way to do it. >> when there's blood on the streets. >> yes, proverbially speaking. >> actually, that wasn't very funny. you're right. >> no, we get it. it's all right.

that's the old saying. >> the dow did start strong, but it faded into the afternoon. let's get to bertha. >> the industrials are driving things lower. boeing starting near 52-week high, the biggest drag on the dow this afternoon, responsible for about 18 points to the downside, or about nearly a third of the decline or so. with about two-thirds of the components out of the dow 30, trading to the downside, it is a pretty broad decline. traders attributing it to technical selling and caution ahead of the holiday and friday's job numbers. on the flip side, jpmorgan off of the highs, but continuing to lead the dow after an upgrade from raymond james and the fed vote on new capital requirements. consumer stocks also strong with today's auto data pointing to an appetite for spending, home depot higher, at&t also fractionally higher. bill. >> thank you, bertha. see you later. heading toward the close. we could get some more volatility here. the dow was up 80 points. the dollar strengthening, pushes the stocks down.

we're down 70 points now. so 150-point swing today. >> less than 24 hours away from the deadline egypt's president meets from his own military to meet "the demands of the people." what happens if he doesn't? we'll take you live to egypt. who was that masked man? that's, of course, the famous line from "the lone ranger," but disney investors may be asking different questions if the big-budget western is the bust that universally reviews are suggesting it could be. we'll look at that coming up. and also coming up, don't miss later on my exclusive interview with one of the world's richest men, prince talal al saud of saudi arabia. we'll talk his investments as well as like citi and news corps. we'll be back with more on that. stay with us. with the spark miles card from capital one,

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once again, egypt continues to weigh on our markets here. that nation remains in turmoil at this hour, as the army's ultimatum for the president to share powers, nearing the deadline. that's tomorrow. yousef is in cairo with the very latest. >> reporter: it is a fast-developing story. at this point, not all details are quite clear yet.

because in the past few days, and over the last few weeks, the army has maintained it is, "a," not interested in having anything to do with governing this country, and, "b," not interested in announcing the incumbent president. that's changed quite a bit with the army statement that came out yesterday, and the deadline runs until later tomorrow. but remember, the reuters story also makes clear the military officials that they cite are quite certain that it will depend on the situation. so depending on how the opposition deal with what's happening and what the incumbent president does, they will react accordingly. that would probably indicate that this is part of the larger plan, that they are going to put forward, if the negotiations fail between the opposition and the current government, which are pretty much nonexistent at this point. both parties are sitting far apart, and their supporters are lined up all across the city in

various locations, competing rallies. the tensions tonight are especially high, because the supporters of the incoming president have hit the streets, as well. there's tremendous trepidation and anxiety about what could happen in the course over the next 24 hours. so keep a very close eye on this space. this is a story that's developing by the hour. >> all right, thank you. nbc correspondent there in cairo. we have more reaction now from all of this. >> i just wanted to say about egyptian market value, as well. >> yeah. >> because since morsy took power on june 30th, 2012, the aggregate value of the egyptian publicly traded stocks is down 17%. that's from the standard & poor's capital i.q., more context there. an international economist here with us, debbie, great to see you. what's your take on the situation developing in egypt? >> so, first of all, i think it should not be viewed in isolation. i think what we're seeing is really quite emblemattic.

in terms of delivering economic growth and putting a meaningful dent in poverty. whether it's turkey, egypt, brazil, it's sort of superficial for us to assume this is only about democracy and political change. it's much more structural and fundamental, i would say. >> so as we've been highlighting here, it's just been a year since he took office, president morsy took office there. and there were high expectations for economic reforms there. we are told a big portion of this protest has been about an impatience to get the reforms off the ground. aren't they being a little impatient? you can't turn a ship around in one year. >> well, many people on the ground would argue, they've been very patient for many, many decades. >> right. >> i mean, the fact that we saw so much significant reform politically albeit in a rather sort of volatile way last year is really emblematic that people have lost patience. it's across the emerging world. i fear if governments don't take a serious stab at reproducing

economic growth, even in the global economy today, there will be continued pressure like this across the globe. >> you said don't look at these in isolation, and this is fundamental, and it's across the region. what do you mean by that? >> maria, places like egypt, across africa, south america, even across parts of eastern europe, asia, have large pockets of young population, so 60%, 70% of the population is under the age of 25. those populations have seen, whether it's through media, traditional media, or through social media, they've seen progress occur in many different places around the globe. improvements in living standards. they've seen people moved out of poverty. and they're not seeing it there as quickly as they would like to. unfortunately, we are seeing improvements in infrastructure. we're not seeing the significant improvements in livelihoods, job creation, so on. >> well, it gets back to my patience question, though. what can leaders in those countries do to assuage those people that are so impatient right now? >> i think, first of all, one of

the more obvious things, i think politicians, whether it's in the emerging markets, need to be more vocal about what their plans are. >> assuming they have them. >> assuming they have them, and perhaps they don't. but in europe, we've seen these type -- perhaps not to the scale -- but pushback from the average populous around expectations of better improvements in the livelihoods. unfortunately, we're not hearing from the policymakers what they have on the agenda. as you said, maybe because they don't have anything. >> does it surprise you that it happens in a place like brazil? you know, i understand what you're saying in terms of fundamental improvement. but the improvement and standard of living was happening in brazil, and it is happening in mexico. we have security and crime issues, obviously, and kidnappings in brazil. >> yeah, the rule of thumb is emerging market need to be growing at 6%, minimum 6%, to put a dent in poverty.

a place like brazil, has 3% on the good side, places like russia, a q1 gdp of 6%, south africa, less than 1%, it's absolutely insufficient. the pockets of poverty and unemployment in these places are requiring a demand for improvements in living standards. >> are you saying you would expect an uprising in a place like russia? >> not an uprising. there will be political pressure. the combination of slowdown of global growth but softness in the commodity markets means that countries like russia, major oil exporters, will continue to suffer. and if they don't diversify their economies quickly or articulate these positions to their population, i think -- i fear there will be a much more nationalization, much more sort of protectionist policies on the cards. >> speaking of which, tomorrow is the deadline in egypt. what do you think happens? should we believe the military, they have no interest in running that country? >> well, i hope that we will see president morsy come out and

articulate, or at least give some indications to the population that they understand what is going on, and that they are sympathetic. i think the idea of sidestepping or brushing populations off is sort of -- it's sort of years gone by. >> not when he's looking out the window at that, right? >> yeah, seriously. we saw this in turkey not too long ago, saw this in brazil. >> greece. >> you have to deliver economic growth and improvements in people's living standards. >> you make great points. thank you very much. >> thank you so much. >> great to talk with you. also, oil is spiking from the turmoil in egypt. sharon epperson has that angle. over to you, sharon. >> reporter: maria, oil prices are climbing ever so close to $100 a barrel. in fact, we're looking at the highest prices we've seen all year for crude oil, and as prices have risen over the last several days, it's as traders are extremely nervous about the situation in egypt. and they're watching the protests very carefully. it's not that egypt is an exporter of crude oil that is the issue. the issue is the suez canal and the transportation route so key

to getting middle eastern oil to europe and elsewhere around the globe. keep in mind we're talking about, according to the energy information administration, about 2.2 million barrels a day of oil that is flowed through that area. that's according to their latest figures from 2011. and the other key issue to watch is going to be the s suez-mediterranean pipeline. again, disruption is the key here of whether or not we see any disruption in oil supplies, to whether or not we see prices spike back to the highs we saw last year around $102 a barrel. back to you. >> all right, thank you so much, sharon. sharon epperson. we have 35 minutes before the closing bell. and the market is under pressure. off of the lows and the highs. down 65 points. >> we talked about the financials leading the market this year. jpmorgan up this year, and it's now getting an upgrade. we'll get details on both of the calls and check to see which bank may be the better buy for

the second half of this year. >> yeah, particularly with the regulation in their faces. speaking of bank, we'll hear from one of city group's -- citigroup's biggest shareholders, prince al waleed, when he joins us exclusively in the next hour. we'll get into that more with the prince of saudi arabia. atur. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy.

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her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ welcome back. we're in the final 30 minutes of trading here on a tuesday on wall street. the dow down 71 points. we had been up 90, but also

down. we're close to the lows today at 14,903. nasdaq and s&p 500 weaker today. h holiday-shortened week, bill. tale of two tales today, jpmorgan chase and wells fargo. raymond james has been trading down slightly in the wake of a downgrade. should you bank on either of the stocks at this point? let's look at the charts and start talking numbers. on the technical side, abigail doolittle, and ennis is at risk reversal. welcome back to you. ennis, start with the fundamentals. do you like either of these banks at this point? >> i like the commercial -- the large commercial banks of which wells fargo is a leader. in fact, wells fargo is the mortgage banking giant in america. it's the largest originator of mortgages. the housing market, despite the back up in rates, is still relatively healthy, and on top

of that, the valuation is consistent. on the other hand, jpmorgan a cheap valuation, but much more exposed to the capital markets side of the business, which includes the investment bank where international revenues are a big contributor. i think that could be a concern because of the increased volatility we've seen over the last month. i expect more earnings volatility and hence lower prices for jpmorgan. >> so you disagree with both of the calls today. you're the opposite today. >> exactly. >> abigail, how do the charts look? >> good points made by ennis, but the charts i agree with the analysts upgrading jpmorgan and upgrading wells fargo. jpmorgan looks ready to pop, and wells fargo drop. however, over the long term, i think they both go down. with jpmorgan, a nice uptrend, the shares appear to be trading in a bull wedge. it confirms 56, targeted 60. therefore, the pop. a one-year chart of wells fargo, we also see the uptrend, but

shares have recently traded into a bearish broadening top, likely to confirm at 39, take shares down to 36. the bottom of support of the rising wedge, maybe even through, and a drop. when we look at a daily chart, however, of both of the stocks over the last five year, we see they've traded in very highly correlated manner. this is likely to continue to be the case. this year they've broken up and out of a bearish broadening formation. i suspect, however, that's likely to be a false initial breakout to the upside, and prove itself later this year, and we could see both shares drop back down dramatically by the end of this year into next year. >> one last point i would add. >> go ahead. >> the european banks have been weak over the last couple of months. that generally doesn't bode well for the investment banking name, including jpmorgan. >> let me play devil's advocate very briefly, with the rates rising, wouldn't it help jpmorgan chase and not help

wells fargo in the mortgage markets? >> in the past five years, when we've seen the volatility in the rates, they'll underperform. that's a long-term three to five-year story that doesn't impose well on a six-month timeframe. >> all right. very good. good to see you both. thank you for your thoughts today. >> thank you. >> appreciate it. the final stretch of trading. the dow jones industrials down about 71 points here. we've got just about 30 minutes before the closing bell sounds. if you keep your home warm in the winter and cool in the summer, a new company is analyzing electricity bills to identify the energy hogs in your neighborhood. we know who you are. is this a name-and-shame campaign, or is there more to it? we'll find out coming up. and "lone ranger" was supposed to be the hero, but a spate of bad reviews has some wondering if the stock will need to be rescued. back in a moment. tdd#: 1-800-345-2550 opportunities are waiting to be found in faraway places.

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welcome back. the nasdaq has a five-day winning streak on the line as apple has another good day. seema is at the nasdaq now. over to you. >> two things helping apple. first, apple is likely to release a cheap 3.5-inch iphone in the third quarter. second, ubs reiterated its buy rating on the stock. also look at amazon. shares hitting a new all-time high. sticking with tech, bid point shares higher on news that they plan to bring a big coin etf to the market. paul, etf specialist at index un very, says how much this etf will cost will play a crucial role in how well it will perform in the etf market. however, the managing director at first mark capital, a venture capital firm, says he's bullish that any successful virtual currency will have the preceps at its core. bill, back to you. >> was that a motorboat that i just heard? >> it could be something that

we're looking at something larger than it actually is. >> are we peeking into it? >> well, a bid coin -- i have an issue with bid coins. >> get in line. so does everybody else. >> well, i don't know, now they're creating a bid coin etf, bill. >> it's what america is all about. when you see opportunity -- >> yes, good point. >> -- go for it. >> you're such a glass half full kind of guy. >> it depends on whether you're pouring or drinking. from the tech-heavy nasdaq, behavior economics may sound like something out of a college textbook, but one company found it's so powerful it could be the equivalent of creating power itself. wow, steve liesman, what's going on here? >> check this out, bill. more and more behavioral economics, studying why people make the choices they do and the psychology, is making its way into the mainstream, into business. as we're going to see here, into 50 million homes in america, and many don't even know it. dave chapman lives 35 miles outside of chicago, and he has an unusual morning routine.

>> in the morning when i get up, i make my coffee. when i'm done with the coffee pot, it comes out and it's unplugged. and i walk around the house and i mack sure that everything is unplugged. >> reporter: but it wasn't always that way. >> well, i really was not aware of my energy use at all. >> reporter: what changes the chapman began receiving electric bills generated by o-power, a software company based in arlington, virginia, that has even charged up the president of the united states. >> this is a model of what we want to be seeing all across the country. >> reporter: its utility bills show users not only how much power they suck from the grid every day, but more importantly, how much power their neighbors are using. the company was found by daniel yates and alex lasky. >> it comes down to basic behavioral evolution in psychology. we are essentially herd animals. we do what other people are doing. my neighbors seem comfortable in their houses, and yet, i'm using 35% more electricity, there must

be something i'm doing wrong. >> reporter: energy usage data from 50 million homes, or half of the homes in america, comes pouring into their headquarters and it's analyzed down to the kilowatt. how does it play out in the real world? this graph shows what typically happens when opower's bills are introduced to a neighborhood. >> as soon as we launch the program, the savings start to creep up. and this is very typical curve, typically we get to between 2% and 3%, steady state savings from the group that's receiving this information. >> to date, we've generated more than two terawatt hours of energy savings. it's enough electricity to power the city of st. louis and salt lake city combined for a year. >> reporter: and certainly enough for dave chapman, who recalls the profound effect of learning that he was the neighborhood's energy hog. >> that's me here on the gray line. this is my energy efficient neighbors, and this is all of my neighbors. and that's -- that's power in my hands. >> reporter: here's the math, guys. a single kilowatt costs 15 cents

for solar, 7 cents for natural gas, 10 cents for coal. what about the cost to save a kilowatt? just 5 cents, so it costs less to save than to produce a kilowatt, bill, and that's how behavioral economics actually produces electricity. >> i love that. >> that's good. >> great stuff, professor. thank you. >> thank you. >> good story, steve liesman. heading toward the close, 25 minutes left in the trading session here. we found a bit of a floor, famous last words. the dow is down 77 points now. by the way, a programming note. tomorrow, a special time for us here on "closing bell," since it's a half day, we'll be on from noon eastern to 2:00 p.m. the markets will be closing at 1:00 eastern. but today, still plenty of show ahead, right? >> yeah, absolutely. the market's early close tomorrow. well, tonto is the lone ranger's loyal partner, but is receiving brutal reviews. can bad word of mouth for the western shoot-down disney stock? we'll look. and big changes at citi and news corp. the last year have generated attention-grabbing

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welcome back. stocks making a big turnaround in the red today. josh lipton with what's behind with the late-day sell-off. over to you, josh. >> reporter: the dow had been up 74, now you're down 56. among the reasons, traders telling me, one, dollar strepth, reacting to news and events overseas. the inability of the s&p 500 to pump through the 50-day moving average and thin volume that can exaggerate the moves. let's get to movers in the dow. the worst percentagewise, boeing, microsoft, ge and american express. and the s&p, the worst performing sector is the industrials. they were your best yesterday. not working today. pbi, luv, hon, and txt, some of the names on our radar. bill, back to you. >> josh, thank you very much. meanwhile, dow component disney may have a problem on its hands. the stock is down a little over a percent, as well, today. disney, their film studio, pouring nearly $250 million into

the "lone ranger," the movie, in hopes it will be a big success this fourth of july holiday weekend. however, the critics so far have been brutal to say the least. >> really brutal. "the new york post" called it groan ranger. the "san jose mercury news" says it's one hot mess, and rotten tomatoes, registered only a 17% favorable rating among all critics. ouch. >> this is where roger ebert, i wish he were around to tell us what we're supposed to think about this. for the second year in a row, disney is facing a box office flop. last march, they took a loss of $200 million on the movie "john carter." right, i never heard of it either. >> i did. but i didn't see it. >> it cost the studio chairman his job, the stock took a hit. is it going to happen again? >> are the concerns that a "lone ranger" failure to stop the momentum of the disney stock? joining us is a.j., senior

analyst, and matthew hair gan. matthew, if the "lone ranger" opening is just as bad as some of the reviews are making it out to be, could we see a move in the stock? is that going to pressure disney shares, which have done so well? >> you know, i think it's discounted at this point. this was a movie that was really inherited from the rich ross regime, as you pointed out. and i don't think it will be as bad as john carter. i mean, it's a built-in fan base and you have johnny depp. you certainly are seeing the movies now, a little bit less review-proof, and social media-proof than they once were. this will cause a write-off, but i don't think it will be quite in the vicinity of "john carter." >> have either of you seen the movie yet, just curious? >> i have seen portions -- i have seen portions of it at cinema con a couple of months ago. and frankly, there are some parts of it that look interesting. you know, i'm a "lone ranger"

fan. i have a clayton moore hat and an autograph i got in vegas once. so i'm actually going to go see it. >> nice. >> you're quite right. the reviews are a little savage. >> is it critic proof? johnny depp, a lot of goodwill for him. you can mannen why they would make this kind of a picture, right? >> well, yeah, on paper, it can be salvaged by johnny depp, and internationally especially. but remember, johnny depp has other smaller movies, too. he does "pirates of the caribbean" and done something smaller. you wouldn't say johnny depp is the panacea here. but definitely, if there is any hope for the movie, at this point, looking at what it's tracking to, it's international. international, he is pretty big. he's big. >> i guess the point is, does this matter to investors? espn is obviously a superstar. the company has been doing well. yesterday, bob iger, you know, the board extended his tenure, the contract. so does this matter if it is a flop?

>> i don't think it matters just on the margin, you know. if you bought disney -- you didn't buy it because of how the "lone ranger" is going to do, you buy it for the parks. generally, it's the largest cap -- mega cap in a favorite sector. so very undermargin if anything. >> let's make it bigger, matthew. look at the film studio itself. we mentioned "john carter" and now "lone ranger." we don't know what it will do yet, but the studio is important to disney generating all kinds of ancillary possibilities, doesn't it? >> i think that bob iger quite correctly regards the studio as the creative engine for the entire company. we're seeing that at the parks, certainly at things like cars land. you know, he's done a great job with the studio, albeit a considerable expense on the m&a side with pixar, marvel, and now, you know, "star wars." and it would be great to get another "pirates of the caribbean." you have to take a risk sometimes. this looks a bit of a whiff. certainly, this isn't something we'll see every year.

it was amazing, people sometimes forget disney actually had a write-off two years ago on another "mars" movie, "mars meets moms." so hopefully, we won't see this every year, but in the grand context of everything, i don't think it's very material at all. i think everyone is well aware -- what matters now is china, middle east, the currency boom, the economy, ad market, et cetera. >> got it. thank you, guys. we'll see what happens this weekend with the opening. and i agree. there is only one lone ranger anyway. clayton moore. >> that's it. >> that's it. >> it doesn't matter, then. >> exactly. 10 minutes before the closing bell. the market under some pressure, down about 58 points on the dow. we have a programming note. tomorrow, a special time for the "closing bell." we'll be on from noon to 2:00 p.m. eastern, given the markets are closing at 1:00 p.m. we'll have that final hour, and then one hour more on "closing bell," plenty of the show tonight. >> and a big one tomorrow, because you'll be outside somewhere on the street, and we've got all kinds of fun things planned tomorrow.

>> we have to pray to the sun gods, because if there's a big storm, we won't be. we hope we'll be outside. we have a lot of -- a lot planned for you. >> great fun tomorrow. coming up, forget the weakness today. we'll hear from somebody who says stocks could gain another 24% by next july. >> wow. >> that ultra-bullish call is coming up later here on the "closing bell." >> and tonight, jim cramer is revving up with nascar. what's going on? >> the million-dollar question, the real strength of the american consumer. to answer that question, we're checking under the hood of nascar, with the man behind the wheels of america's second-most popular sport. brian france, chairman and ceo of nascar. buckle your seatbelt. "closing bell" comes roaring back after this. of back pain... with ae and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪

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okay, about 10 minutes left in the trading session. here, we are coming back, the bias to the upside here. >> yeah. >> we had about 650, almost $660 million to buy on the markets. so we'll see what's happening as we head into what tomorrow's trading will bring. maybe a little more volatility. >> the market closes at 1:00 tomorrow. we'll be on 12:00 to 2:00. we want to bring in bob kaiser,

along with kenny, and good to see you both. thank you for joining us. kenny, navigate the end of the day for us. what's going on? >> it's very quiet. we saw the market roll over, and banged our head at the 50-day moving average. we failed the second day in a row. we backed off. people are kind of waiting. tomorrow is an adp report. you have to be careful, because people are on vacation. there's less volume. don't read too much into how the market reacts. you have to wait until monday when people are back at their desk really interpreting the data. >> don't be a hero here. >> right. and so, i think what you're getting is this churn, right, after the market made that move. >> you agree? >> the market in terms of valuation is in a very safe place right now. we're trading 14 times next year's earnings. recently, we've been as reach at 15, and that didn't end well. bernanke spoke, down to 13.5. the market is right where it belong, about 14 times earnings. >> it's pretty good. >> it is pretty good for a market looking at 6%, 7% earnings growth in the second quarter. >> wait a second. 6% to 7% earnings growth in the second quarter?

>> well, the analysts tend -- [ overlapping speakers ] >> what is the 6% -- >> -- currently -- >> she doesn't believe that. we keep hearing that number, and you're not buying it, are you? >> i thought it would be 3.5%. >> the number was 6.4% in april. they revised it down to 2.5, or something like that, and come in at 3.5, 4, and everyone will look like a hero. >> we're basing on what we saw in the first quarter. saw the same thing, the corporation beat by about 3%. if you do the same math now, you are looking at 6%. >> are we heading into a period where the fundamentals will matter more than the fed? >> well, as long as the fed is still there -- and the fed make it very clear after last week's debacle -- that they're not going anyplace. investors once again in my mind feel secure that the fed will keep serving up the kool-aid. we have to go back to fundamentals. that's the problem. that's the disconnect. >> factory orders were good, the ism was good, we're hoping for a good jobs number on friday. as long as they keep coming up with better economic data, the market can keep going. is that what we're looking at? >> it's what we've been looking at for the last year. what's really changed?

>> the fed has -- the fed is still buying up 85 billion, and we know it. >> true. i'm not as critical of bernanke as some people have. i said this the day before he spoke, the fed will carefully choreograph the tapering process. all we saw was the first salvo, when bernanke announced every possibility that -- >> and that went well, didn't it. >> >> yeah, he didn't say anything -- he said, look, we're data-dependent, we're staying in, yet the market heard something completely different and fell out of bed. >> i tell you what the market heard, but it's what they saw. what they saw were rates going up. >> right, because the rates are going up not because the fed is raising rate, but because the market will raise rates on the fed. that will be the danger, how will the fed control that? >> what's the jobs number on friday? come on, what have we got? >> expectations right now for 165. here in the back of my neck, a little disappointing. we've had so many good numbers for a subpar environment. >> i think it will be -- i think it will miss the number. >> how do you set yourself up

for that, if it will be disappointing? you think the market trades down on it? >> no, if it's going to disappointment, it will reiterate the fed won't make the move -- >> right. bad news is good news again. >> i agree. >> thank you, gentlemen. >> thank you, guys. >> good to see you both. appreciate that. we'll come back with the closing countdown for this tuesday. >> and after the bell, an exclusive interview. find out where one of the wealthiest men is putting his money to work when i speak exclusively to prince alwaleed bin talal. a special programming note tomorrow, on noon from 2:00 p.m. eastern time, with the markets closing at 1:00. a holiday-shortened day. today, still plenty of show ahead. >> they keep reminding us just so you and i will show up at that time. >> i guess. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members,

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and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. about three minutes left here. you and i were talking about this, and we heard by e-mail from our friend tom mcclellan pointing out the similarity between today's trading pattern and yesterday's trading pattern. they are almost identical. >> if you look at the dow. >> two-day chart of the dow jones industrials average. any moment now, it's going to show up on this chart, isn't it, guys? maybe you guys can look at -- well, take our words for it. we were up in the morning, and then we were down in the afternoon. >> up 90. and then down -- ah, look what just showed up. >> there we go. look at this. this is monday. and this is today.

the only difference is we're coming back a little bit this afternoon. we had a sell-off late this afternoon, yesterday. now, the other thing we noticed here is the correlation -- the inverse correlation between the stock market and the dollar today, as rick santelli was pointing out earlier. the dollar index is close to a five-week high. as it was moving higher, stocks were moving lower. so as the dollar became a safe haven with all of the international concerns going on in egypt and in portugal and in greece and in brazil, the dollar was going up, our stock market going down. >> yeah. and that, also, was the case recently in japan. not unrest, but certainly currency-related. do you focus on any of this, what's going on in egypt? has it been a factor? >> i do somewhat, because even in the short run, it's a little blip of instability, and something to keep an eye on. generally speaking, the market seems to be in its own trend, as we've been talking, and seems to be moving almost as if we expected it to move in this range of 500 to 800 points. i think it will continue to do

so. the longer it does so, the bigger the move will be when it breaks out of the trading range. >> what will you do about friday? the jobs number comes out. >> i think the jobs number will be somewhat bullish for the market, because i think it will be less than expected, or at expected, and that's not good enough. so the market in a strange way will think that's positive, despite the fact that we do have some decent growth that's been going on, slow growth albeit, in the labor market. that's the longer-term number fed is looking at. >> bad news good news. okay, i'm going to get ready for prince alwaleed for the next hour. >> all right. looking forward to that. see you. we're still at a point in the market where the qe will be a bad thing. so a bad number, they look to the fed to bail us out still? >> i think the market is losing that philosophy and understanding that as the fed begins to lay off tapering, it will be better for the longer run. yes, i think it's a problem for the risk trade and people unwinding and trying to figure

out where to come into the mark, especially after a long rally. if you weren't in by march, you're on the sidelines wondering when do i get in. >> all right, right. thanks. coming off the lows for the day, down just 32 points. stick around. this should be very interesting. one of our favorite guests on "closing bell," prince alwaleed coming up on the second hour. i'll see you tomorrow. and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. another wild day on the wall street. stocks in the green for a large part of the day before reversing course entirely, closing lower, bouncing off of the bottom, closing off of the lows. let's look how we settled out on this tuesday afternoon. the dow is down 43 points, about a .25% lower. and nasdaq and s&p 500 also weaker, but look how close they came to being unchanged. real money coming into the market at the end of the day, pushing the averages off of the rs