>> the prada. >> you can lift it up. >> the prada looks real, except i think it says -- it says made in milano. is it real or fake? >> fake. >> you got me on that one. we have a market that's barely negative. that does it for "power lunch," right, ty? >> that is correct. "street signs" begins right now. it is the indictment that is rocking the street. the feds charge one of the world's biggest hedge funds with insider trading. the latest on that developing story and the potential fallout for your money, ahead. what a day for facebook. one analyst calls their quarter, quote, stunning. does that mean you need to buy the stock right now? plus, what one homebuilding ceo says that has everyone spooked out about housing. and if you had just one restaurant to buy, which one

would it be? good afternoon, everybody. happy merry go round day, and that's exactly how this market has started to feel. we've been down enough in a certain tight range. we're down again, and as bob pizani told you yesterday, it was actually the worst day despite being down a point. we are now halfway through earnings season. we have a lot of stuff for you this hour. let's get right now to the trading floors and. aforementioned bob pizani. we got this indictment against sac. a lot of people are saying they're going to have to redeem their money back to customers. you would think there would be an impact on the overall market, but it doesn't appear that way today. >> no, and look, you can create lists on what positions they have that thi tey might have to liquidate or get rid of. i think there is a bigger long-term concern.

sarks c has been part of the daily activity. 3 to 5% is the number i've thrown around. they are part of the big commission business. they are likely one of the top ten commission payers on wall street. and brian, remember, stock trading is a crummy business. it's low margin and now it's low volume. you take out a significant player, and i'm not talking about liquidating, i'm just talking about reducing trading activity significantly. if that happens you go from 3.8% to only 2%, that's significant. that's why i think wall street is looking at this and it can hurt their bottom line, very simply. >> but if you have to give billions of dollars back to your investors, you'll have to dump a bunch of stocks all at once. >> certainly short term that would have an impact. then there are people creating ideas around positions they may hold. all that is useless, because no matter what you do, the trading activity moves very quickly and you ner haver have to get a lis anything in any way. i think just reducing trading

activity in general, it's already not a very good business and the volumes already have been low for several years now. any lower, even a 2% drop, that can hurt the bottom line. >> and also reducing confidence in a market that has already had a few jabs and body blows on the confident side. let's get back to that top story, defense charging criminal charges against hedge fund sac capital. they allege substantial, pervasive insider trading. >> that's right, brian, this is the largest indictment of a corporation since the 2002 indictment of arthur andersen that resulted in that accounting firm going out of business. sac capital, when indicted on four criminal charges of securities fraud, one charge of wire fraud and a separate charge of money laundering. preet bharara unveiling and also detailing that indictment over the last hour or so. he basically said sac portfolio

managers were hired for having an edge. that edge essentially a euphimism for insider information, having the inside track to be able to trade and pass that information on to the head of the company, its namesake, steven a. cohen. they said -- the company, he says, went from having an edge to over the edge to corporate criminality. cohen himself is not charged individually, but he is named several times as having direct knowledge, and really encouraging the culture at sac, in one case saying he hired a portfolio manager, richard lee, who earlier this week pled guilty to insider trading, even over the objections of his legal team because he was known for insider trading. he says, preet bharara, it's no coincidence what was happening here was pervasive, part of the culture, especially when you already had eight employees indicted. >> when so many people from a

single hedge fund have engaged in insider trading, it is not a coincidence. it is instead the predictable product of substantial and pervasive, institutionper vase -- per vase si sieve -- pervasive institutional failure. >> they want to see the company back in the millions of dollars, but they are not freezing assets right now because they don't want to do harm on wall street. here's what preet bharara said. >> our actions today do not wish to seek any assets, and we are always mindful to minimize risks to third-party investors. in other words, we have not today restrained any money, and we will discuss with the company a reasonable method going forward to protect all parties'

legitimate interests. >> our indicate kelley kate kel vacation but she did some reporting and is told it's business as usual or as much as it can be usual in terms of trading at sac capital today. brian? >> bertha coombs, thank you very much. let's bring in cn brks krcnbc c. this is on the front page, quote, an institutional indifference to that unlawful conduct resulting in insider trading that was substantial, pervasive and on a scale without known precedent in the hedge fund industry. just how damning is that? >> it's a pretty damning indictment. when you go through the specifics and you see the examples of a guy being hired and it being mentioned in his application that he shares a hampton beach house with the ceo of an investment company whose

stock you'll be trading. this example that bertha mentioned where you have the lawyers at sac objecting to someone's hiring because he's known for insider trading and the firm hires him, anyway. there is a lot of detail in here about sort of ignoring basic compliance. that said, it's still a big weakness in this case that the government wasn't able to charge cohen personally. >> jake komanski, there is a lot of talk about why steve cohen was not charged personally, the firm is charged. >> i don't think they have enough evidence yet to charge cohen, but they're getting there. they have some waiting around for their trials. i think those guys are going to flip. you'll hear other people from sac running like rats off a ship. i think cohen is going to be in trouble, and i think some of these guys are going to get to the top, they're going to look at instant messages, e-mails, and i think they're going to nail him.

>> robert also talked about steve cohen is going to be all right. he's worth big bucks, he's still got that money. sure, they can shut down sac capital, but he's got his assets and he can have his firm. >> sac the family office and steve cohen, billionaire, may not be. he could take many of his employees and his $7.9 billion, whatever is left after forfeiture, but he will probably still be a billionaire and have staff to run it. his lifestyle may not change. >> that's a very optimistic view of things. if you look at the forfeiture allegations and the fact they can go after anything that's basically tied to the fraud. even if they're not successful in the criminal case but they're successful in the civil case, what they're trying to do here is put not just steve cohen the firm but the individual out of

business here. it's very doubtful that he might have the money left to run a family office beyond what all of us can do -- >> that's an interesting point. you're saying let's say he has 8 billion dleleft. you're saying they might be able to prove to all that far monof was forged through criminal activity and he might have to give that up? >> he is the operator of a criminal enterprise. presumably, yes, they may go after everything. >> there has to be a statute of limitations. if he made billions of dollars ten years ago, it can't go back to that. >> they're looking at a ten-year period. they're saying this is a continuing, ongoing thing. the statute of limitations, if they have one trade within the statute of limitations, they can go back. but i agree with scott. i think steve cohen will not going to trade anything. i think he'll spend the next days, the next year or two, in his lawyer's office, going through e-mails, trying to

explain conversations. i think he's done as a trader and i think they're focused on him. >> let's get bethany in here, because, bethany, you've talked about the culture there, right? when you go through that indictment, the one thing they make very clear is that the internal controls at sac were not controlled. there were no internal controls according to the u.s. district attorney's office. >> right. if you believe this indictment, then sac's much wanted compliance that they've spoke about constantly when this investigation got into the headlines, you think it's compliance in name and not compliance in reality. just example after example of specific e-mails being sent that were not followed up. i thought the key paragraph in the indictment deals with the fact that six employees there pled guilty, another two have been charged and none of those have been picked up by sac's compliance department. don't you think at least one of them would have a red flag?

and who is going to do business with him? his business depends on edge, whether legal edge or illegal edge as a matter to be determined, but his business does depend on edge. if you're a wall street firm, are you going to organize a dinner and invite cohen's people to that dinner? what's the response of the people from whom sac needs edge from? how are they going to respond to doing business with the firm? >> they're not. my guess is, bethany, that there are firms -- first off, let's somehow assume that sac capital lives on. it's unlikely, but let's assume that. if i'm a pension fund, i cannot possibly invest in that firm. it will be expressly allowed or i'm not able to do it. >> i'm talking about the networks they use. it's all the various sources of information that filtered everybody on wall street. does that get shut down, too?

if you're a goldman sachs, if you're a jp morgan, do you get shut down by sac? >> there is going to be nothing left here. cohen, i think he's the guy the government is looking at, i think people are going to come after him, and i don't think he'll be doing any more trading. >> i want to ask robert this. do a lot of our viewers know who he is? a lot of them probably don't know who we're talking about. why do mom and pop care about this story? it tracks like wall street by not playing by the rules. i thought michael milken was going to be done. he is a billionaire. he was barred from the securities industry as talked about by steve cohen. he managed to make a very good living after going to prison, and they're not even talking about prison right now. i wouldn't write him off in terms of being a very wealthy

guy. >> it's important to show that there is a level playing field in this thing and that nobody is above the law. it's important for investor confidence. >> and it's good going after these people because we need confidence in the market, otherwise you don't have a market. if you don't have trust and transparency -- >> it's all in the markets. >> well said. thank you. sir, i'm going to see you later. we're talking about a new trend called mansioning or it's an old trend -- i don't know. we have some big movers today. the great herb greenberg is digging into stocks. we have three very unique stock picks that are up 25% year to date. think bionic arms. but first, time for today's mystery chart. i'm going to give you a hint. it's not an individual name, it's an index, and here's another hint.

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it was near session lows but now it just popped hard. according to reports, indicating the company has hired merrill lynch as a banker with bids being prepared for the company.

you can see that intra-day spike there, about 45 f15.44 for the . just 42 days until the start of football season. who cares? because we are halfway through the other great season, earnings season. so many names, so little time. herb greenberg frequently seen at bon jovi concerts joining us now. let's go through this. starbuck's, first name. >> no matter what they were to do, if they would miss in a huge way, then you have a significant problem. but i have to tell you something. this is a company that will continue to be a long-term story list. they're bringing yogurt into the stores, they're diversifying away from their basic coffee. >> they're becoming a restaurant, not just a coffee shop. liquor, they've got hot food, cold food, now they're talking about yogurt. they're becoming a 7 h-lerch.

>> howard schultz will be on the squawk. posted notes, scotch tape 3m. they selling? >> they reiterated their guidance, but here's what you need to know. this is a classic buyback story. they said they'll be buying back 3 million to $4 million worth of stock. the important thing about this is they're saying they haven't done the acquisitions, they're not doing as many acquisitions. this is somewhat of an acquisitions story. you just want to look at that. >> i want an income statement story. let's go to dunkin brands. >> the big story is they'll be opening up in southern california. >> going after winchell's. does that still exist? >> i don't know. will they have bolder coffee in southern california? they beat on the earnings but

potentially low-quality earnings. the stock is not doing that well today. it's off a little bit on a beat, so there is a little bit of concern there. >> stealth turn around, no one has been looking at this. this is a company given up for dead. it shows it has more than a heartbeat now. new products coming out, including -- what is it, a polymer stent that is apparently doing well. >> finally facebook. this is the day that facebook investors have been waiting for since the ipo consistently disappointed. look at this stock, up 26%, to 33.46. >> sales growth is so impressive, but most -- >> nine times future earnings. >> most importantly is what they said about mobile advertising which is actually doing well. can they keep that trend going? have they figured out whatever that secret sauce is? >> we have the smartest viewers

out there, right ? one of our viewers tweeted me and said, where are these ads? he's on facebook. he can't even find them. he was being a little tongue in cheek. nobody clicks on these things. >> we don't click on them but they get in the way of our news stream now. >> so what? >> someone is paying for those. remember, they've all been showing up in the past quarter in a significant way. as people don't click on them, what happens? that's next quarter. >> that's fair. i reiterate my call that at some point facebook will charge for an adless business. 25 bucks a year, 50 bucks a year. i would pay for that. >> you would? >> trackless, adless business. wouldn't you? >> facebook? save enough for winchell's? do you notice that picture behind me? >> yes. >> is it somewhat appropriate for me? our next guest has midway caps through the year.

let's bring in brian. you've got a very interesting pick. it's a company i never heard of. we gave kind of a hint of bionic arms. tell us about hangar. >> thanks for having me. hangar, inc incorporates prosthetics companies around the country. the company is a little over a billion dollars. it's just showing up on some people's radar screens, growing mid-teens and about 14, 15 times next year's earnings seems like a pretty attractive price to us. >> interesting history, too. i had no idea. gas prices where they are, everybody is buying cars and homes, so they're spending

money. how are they going to have money for a polaris atv or motorcycle? >> about 70% of their business is off-road vehicles. they continue to sell well even on the call a couple days ago. the company commented despite the weather, despite the global economy. they continue to take share and do well. i think the most exciting thing people are talking about now is rhett launch of the indian motorcycle brand. about ten days from now, august 3rd, at sturgis is really building some excitement at the moment. >> your third pick is completely outside one of those two spaces. oceaneering international. >> deep water drilling. oceaneering makes remotely operated vehicles called rovs. these are used in deep water operations. it's about a third of their business, and they own more than

35% of market sharing remotely operated vehicles. they're used for safety and exploration. just reported earnings last night. good earnings, good revenues and it looks like a very strong stock to us. >> brian, three picks there. oceaneering international, starbuck's, polaris. thanks for being with us. >> thanks for having me. he somehow got on twice. they've got three more picks on the earnings radar. we have another analyst with his two favorite restaurant stocks. it's the stock selection of stock selections on "street signs." see you soon. [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ]

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welcome to the earnings squad. i'm melissa with my earnings squad partner who is finally back halfway through earnings season, herb greenberg, and cnbc's courtney reagan. s&p 500 companies reported so far, 68% beat their targets, 9% met estimates and 23% have come

in below forecasts. we're going to kick off with expedia. you know there are a lot of metrics out there which say the industry is stabilizing. a lot of analysts point to smith traverse. the problem is the data for expedia specifically has been weak. is this a specific problem for expedia, because price liline i doing quite well. it is a monster. so there are some concerns that expedia simply losing out on business to the likes of priceline. >> last year operation earnings fell off a cliff. so we look at that number again to see if they can effectively get that back in the right direction. >> seeing a big bump today, by the way, because trip adviser came out better than expected earnings, so that's certainly helping to give a boost into the earnings tonight, but we'll see how it pans out.

herb, you've been following temp p tempurpedic, right? >> just remember, on june 6, they announced a worse than expected quarter. >> it sounded tinged with cynici cynicism. >> there was a pre-announcement. in this case they came out and talked about the competition going faster than expected. one of the things when we talk about tempurpedic, and i want to point out select also didn't do so well. let's remember, most bedding sales are the replacement play. >> they said that in the philadelphia homebuilding index, so it is according to that index. i get what you're saying, but -- >> it's the replacement business. you move into a house, you don't necessarily buy a new bed. >> deckers.

courtney. >> this is the maker of uggs, teva, the two biggest brands. 84% of revenue, so this is a case where weather actually does really, really matter. we talk about that a lot in retail but you don't really buy uggs in the summer. >> can you imagine if they had sheepskin flip-flop thingies? >> no, i can't. i can't imagine the sweat. ew. we have to really look for those winter quarters. >> that's the earnings squad for today. tweet us hash tag earnings squad. next up, homebuilders getting crushed today, but can we really blame higher mortgage rates? later on, consumer reports gives the new chevy impala rave reviews, but there's one thing

about it that just really bugs me. we'll talk about that. first let's get a quick check of the metals market, see how gold is doing. listen up if you're on the radio. gold is up $7, about one-half of 1%. great song we're playing, by the way, by the band elephant. ♪ [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking

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gm shares down a bit post earnings, but still the stock is up 28% this year. phil lebeau joining us on set. sales are good but europe still remains a pain in the bumper for gm. >> and the question is whether or not what we saw in the second quarter portends they have things figured out in europe. when you look at the second quarter for general motors, they beat the street with 75 cents. in north america, they did better than expected in north america, and then you also have what happened in europe. they have cut their losses in europe down to $100 million in q 2. it was $100 million they lost

last year. this is improvement, and i like where they're headed, but can they sustain this? this is the engine behind the company right now. they earned $2 billion in north america in the second quarter, and you're looking at the strength in pricing and the strength in trucks. similar to what we saw with ford, not quite as much strength in gm in terms of pricing compared to ford, but generally overall that's what wall street likes. take a look at this, though. this is an interesting thing. look at the earnings beat. gm, ford, borig warner. yet the stocks have pulled back a bit. some are saying, look at the s&p manufacturing index. 30 times better than the s&p overall. so you might want to take a little money off the table. >> i'm glad you mentioned the prici pricing, because the new chevy impala got a rave review from consumer reports. the first time in 20 years, 20

years, an american car has won best sedan, beating foreign models from asia, europe, whatever, but it's 40,000 bucks. is anybody going to pay 40 grand for an impala? >> look at the large sedan market. when you look at that market, you generally are looking at vehicles that are over $30,000, and if not over $35,000. general motors believes they can command that price. you and i both know that that's the msrp. is it going to go for that? probably not. it will probably start close to that. >> it's a nice-looking car. i'm not bashing the car, i'm just saying 40 grand for a general motors sedan, i mean -- >> you also bring up a broader question. where is a big car that's affordable for a family that wants to pay 22, 23? >> look at the large sedan market in general. it is a dying market in the united states. the few models that are there, they've improved dramatically. the impala is a good cexample o that. the honda genesis, you talk to

people who bought that, they love it. but the impala is shrinking. large sedans, that's in the rearview mirror. >> honda did the smartest thing i think i've seen any car do in ten years about the genesis. allow the company to get rid of that logo and add the genesis wing in the back. they're giving customers a chance to get rid of that. >> i understand. i still see the hyundai badge on a number of these. >> i see a number because they're selling like hot cakes. hyundai hot cakes. >> now to a company that sells imbalances impalas, bmw and other brands. it is one of the largest dealership chains in america. revenue rose 27%. let's bring in president of group one automotive. great quarter last quarter, but now we're looking at gas in parts of the country, $4.50 a

gallon. any sales slowing down because of that? >> not yet. all the fundamentals still seem pretty strong in our industry. i heard phil this morning, he's pretty bullish on the year. i've seen some analysts and jd powers i think july is shaping up way similar pace to june, so things still look pretty good for u.s. retail auto sales. >> you probably just heard our debate, and i know gm is about 5% of your dealerships right now, 28% are toyota and lexus. do you think people will pay 40 grand for a chevy impala? >> the problem you have with those larger brands, which are tremendous automobiles, when you get in that price range, people can buy a luxury brand hood ornament for a certain amount of money, then you're cross shopping bmws and mercedes and things. that's the difficulty. people get emotional about the brand and they're not objective about the hardware which it appears for impala is going to be very competitive, the ford taurus is a great car, but

you're starting to compete with luxury, ask thatnd that's the challenge. >> you know leasing has increased when people come in and say, what are my leasing options? is this the option to get into something between 3 and $400, if not under $300? >> absolutely. the u.s. auto market is a monthly payment market, and leasing, particularly when you're with a brand that has good residual values, they can get that monthly payment down, and that drives a lot of volume. >> talk about buyers, and phil and i have had this discussion, earl, and it kind of goes to the $30,000 car thing. at what point do you see credit stopping to go any further? we see nine and ten-year car loans. are we going to see a 12-year loan at some point? these are cars that have no value. >> i don't like these long loans, either, and i've been shocked at the average age of these loans and all these long loans. i don't like that.

with the depreciating asset which most cars, i don't like the long trading cycles and the fact people can get upside down in their car like that. auto credit is as available now as it's ever been, and that's one of the factors that's helping this auto sales recovery. >> earl hesterburg, group 1 automotive. thanks for being here. >> thanks for having me. reports despite a higher tax rate, despite a late start to the summer, second quarter profit more than doubles. talking about share gains and baseball and football cleats, building momentum in running footwear. that stock up 11% on heavy volume. >> under armor raising guidance, thank you, josh lipton. coming up next, our mystery chart revealed one more hint.

emeral emeralds. we see if amazon can bring home the bacon after the bell today. our top analyst with his top two picks. and what's coming up on "closing bell." >> we have one man who was recently named executive magazine ceo man of the year, so why did jason cody just resign from the board? he'll give us more detail on that industry. then we have an after-earnings barrage. we hear from amazon, starbuck's, zen zynga. ip's ceo will tell us how his bottom line has been affected. first, though, more "street signs" with brian sullivan coming your way right after this. tofinto a business. my goal was to take an idea

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and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. welcome back to cnbc. i'm kayla towshi at the breaking news decsk. we're just getting a statement from sarks c capital, a target of an indictment from the u.s. attorney's office this morning.

the statement reads, sac has never tolerated or encouraged insider trading and takes its tolerance obligations seriously. the handful of men who admit they broke the law does not reflect. honesty, character and integrity of the thousands of men and women who have worked at sac over the past 20 years. we will continue to operate as we work through these matters. of course, the handful of men referred to in that statement the six defendants in the indictment this morning who have already pleaded guilty to charges of insider trading. certainly interesting to see this statement from sac in the wake of those charges, and we'll continue to report on whatever we have as we get it. you're looking at right now that statement in full saying that the firm never encouraged, promoted or tolerated insider trading and that it takes its compliance issues seriously. guys, back to you. >> coming backswinging there. kayla towshi, thank you very much for that breaking news. we'll follow that story for you all day on cnbc.

it does look like high rates are having a negative impact on the homebuilders. all the homebuilders are down big. the biggest homebuilder, d.r. horton, blaming housing prices. today is looking pretty rough for your group, d.r. horton scaring the heck out of everybody with its comments. >> we have very strong near-term head winds which are going to impact and demand and hurt the performance of the stocks in the next six months as we look to year-end. but if we're looking on a two-year basis, are we going to get to the starts. yes, the homebuilders, kb homes, lenar, poulte, still make a good entry. don't look for much in the next six months, we think it's going

to be choppy. there are very strong near-term headwinds. we also really like names like fortune brands which just raised guidance. >> which is, by the way, your best garp idea, growth at a reasonable price. cabinets? what's they're main product line? >> market leader in plumbing, market leader in cabinets. they have exterior doors and windows and they own the master lock brand. leverage to new construction, leverage to repair and remodel. fantastic management team. we think this stock can go from $40 to 48 or 50 in the next 12 months. bob wetenhall, thank you, we appreciate it. robert frank is here. back in the 1990s some rich dude that i met said, i'm going mansioning this weekend.

i said, what's that? he said it's going around to mansioning with my friends. it's like a verb. is that making a comeback? >> real estate sales in the hamp tons hitting an all-time record in the quarter. sales hit $1.14 billion in the quarter. that's up 23% from the second quarter of 2012 and it's the highest since we started tracking this since 2012. the average sales in the hamptons, $1.7 million. the real growth was in the, quote, entry level market. the entry level here is defined as 1 to $5 million, but the high end also did well. one of the top sales in the quarter was probably that $60 million deal. the big question is whether this party can keep going, because

they are running out of mansions. inventory is very light right now. >> i, for one, on this fine program, am calling for an end to the scourge, the terrible scourge of few mansions. this is america, darn it. >> two cars in every garage and a mansion for everybody. they had seven months of inventory and it's shrinking fast. they say that is sort of typical for this time of year. they might get more inventory toward the end of the year, but demand is very strong right now. also rising interest rates, a lot of people jumped in second quarter saying, it's not going to get any better. >> bart simpson won the lottery from one of those scratch tickets. they asked how much money he wanted, and he said, i don't want any money, just a solid gold house. bacon and cheeseburgers.

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. time bore bacon. introducing bacon bowls.

that's officially a thing now. look at that. go for about 10 bucks a pair. a bowl made entirely of bacon. why not let someone else bring home the bacon. like retail giant amazon.com. jane wells has been looking at the quiet launch of something potentially very big. >> brian, they aren't talking us to about it but they are talking about my favorite thing. food. could grow, 10% of that, big money. but the industry is haunted by memories of web van back in the day, before broadband. people didn't want to put their credit card numbers on line. now the the 800 pound gorilla joined the food fight. amazon is in los angeles. after first doing it in seattle. wal-mart has been doing it in the bay area. so we tested the service.

everyone wants bacon. let me start with that. they only good to parts of l.a. and be a member and pay $299 for the service for the year. amazon may not make a profit on this yet. but that's probably not the point. then obviously what is scary about amazon for the rest of the grocery market is they have the ability to allow customers to bundle other amazon nongrocery items in as well. so you may order your groceries, then paper towels, then incloud your camera. >> yummy in l.a. guarantees delivery within 30 minutes of order. those are not yummy trucks. yummy trucks say yummy on them. but yummy ceo says every grocery chain should pay attention. >> we think that if they ignore the threat of amazon and amazon

fresh, it is not that they are going to lose 50% of their sales. it is that they risk losing the 5 to 10% of their sales that make them profitable. >> by the way, whatever happened to web van? the domain name was bought by amazon. brian? >> wow. on-line grocers, luxury sales up, mansions, is this 1999 again? >> it's crazy. >> all right. cheesecake factory taking a hit today. joining us now, bob daring top from wonderlic securities. bob, got a hold on most of the games but two compelling boys. let's start with buffalo woiild wings. what do you like about it? >> they have trends in the industry and with the prospect of lower wing prices coming down the road, it looks like a fairly good scenario in which they can have strong earnings. but to be fair, this earnings misparade we have seen some of the better quality companies in

the industry. leave us a little bit paranoid as we are coming into these upcoming earnings reports. >> are you paranoid about the name? >> no. our belief that the combination of goods sales and low costs should be a good driver of earnings growth and ultimately of the valuation for that name. >> all right. now rrgb. i've never been in one. there is one sort of near me. i want to see what all the fuss is about. what is all the fuss about? >> it is much more quality food than i think they've nd past times. we have been to some of their test restaurant in denver and some of the food and changes to the concept they have that they will be incorporating in the comingier or two look awfully compelling from a consumer standpoint and we think they likely will have better sales trends in the industry. >> bob darington, rrgb, bwld,

and not many other acronyms. thank you for joining us. >> my pleasure. >> speaking of food, how many dairy queen blizzards, you know, can you buy for one share of a share of berk shire? we have that chart. we're back after this. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business?

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lads. okay, today's mystery chart, ireland. that's right. not a stock at all. the emerald isle stock market. it outperforming italy, france, germany, greece and others. let's go irish. not notre dame, though. it is thursday. let's have a little friend. our friends came up with a fun list to amaze your friends while you're mansioning this weekend. how many products could you buy if you sold one share of the parent company? let's go on. 68 bucks effectively for lululemon shares. could pick you up one yoga mat. that only about two thirds of one day pass. so you couldn't get in the park. drive through taco bell. sell a share of yum brands. you could snag 31 seven-layer burritos. yum. one share of berkshire will boy you 31,974 dairy queen blizzards. dq is owned by berkshire

hathaway. "street signs" starts right now. >> welcome to the the "closing bell." this market has been ultimating to begins and losses. looking at double-digit decline. >> where did my notes go? we are down. all of a sudden this mark set feeling tired. we hit all-time highs again on tuesday and sense then, we've been struggling. even though earnings have been pretty descent today. the highlight is facebook by far. >> oh, wow. up 28%. that is powering nasdaq higher just as apple did yesterday. but the market is meandering here. >> one of the issues today, the u.s. atty