cbs has provided to others and since both parties lived under those terms for many years we believe we should continue to live with them. here's the real interesting part here. time warner cable says if you're unwilling to agree to this proposal we'd be willing to resume carriage by making the cbs stations available on an a l.a. cart basis with 100 of the pricing returned to cbs. no cable company has ever done this before. this would really be breaking up that bundle for cbs and making sure that people have to decide whether or not they want to actually pay for cbs. now, the message here of this letter is they want to get cbs back on the air and they say in connection with these proposals we expect you to allow us immediate carriage of the cbs stations and this would be ongoing to make sure consumers are not once again held hostage by cbs and they also ask cbs to seize its blocking of cbs.com to time warner cable's high-speed

internet customers. so this is obviously a big step trying to get those negotiations back on track again. we will have the ceo -- incoming ceo of time warner cable rob marcus coming up at the top of "street signs." back over to you. >> very interesting to watch, julia, that interview with robert marcus coming right up, sue. that does it for this edition of "power lunch." >> "street signs" begins right now. >> all right, julia, tyler and sue, thank you very much. a different open today because of the breaking news that julia just brought you. there's big news in fact with les moonves proposing an a la carte offering on time warner cable. julia boorstin, i'll ask you to stick around because i know you've landed us a very big interview and we appreciate it, and that's with rob marcus, the incoming ceo of time warner cable who joins us now for a first on cnbc. julia, are you still there? >> reporter: thanks so much for joining us. we're now joined by rob marcus, incoming ceo at time warner cable. rob, thanks so much for joining us today. we just received your letter

that you sent to the ceo of cbs, les moonves. can you tell us a little bit about why this has become such a battle. are you using this battle as a realisticing point to try to make a point about the future of cable? >> well, first, julia, let me say thanks for having it. what i want to make clear is time warner cable's mission is really to connect our customers with the entertainment that they absolutely love, and that's really what this is all about. we're as anxious as anyone is to restore cbs programming to our lineup and ensure that our customers have access to it. the key really is that we need to do so at a fair price and on reasonable terms for our customers, so what we've done this afternoon is offered cbs a couple of different choices to get the programming back up and available to our customers immediately. choice number one is that we have agreed to carry the programming on the economic

terms that we've agreed to in our most recent round of negotiations. reluctantly i might add but in the interest of customers we're willing to do it, and on other terms that are consistent with the contracts that we had in place until last week, so we're not looking for any expansion of rights whatsoever from what we've all lived with over the last several years, and we think that that's a relatively easy deal to get done. it's not ideal for time warner cable or for time warner cable customers but in the interest of getting the programming back, we think it's something that's worthwhile doing. >> but you're proposing -- >> your second choice is something that's pretty unusual and pretty controversial. you're recommending breaking up the bundle. >> well, julia, there's been a fair amount of debate over exactly how much customers value individual programming, so rather than have us debate it with cbs, we thought the most sensible thing to do would be to offer cbs programming on an a la

carte basis. cbs can choose the terms and the price, and we would agree that 100% of whatever was charged and paid for by customers would be paid over to cbs so we would not profit at all from the sale of that product, and then customers can decide for themselves exactly how much they want to pay to acquire cbs programming. >> and rob, it's brian sullivan. >> the fact that as of now we made an additional proposal to cbs today in addition to getting the product.

obviously our parent company is comcast about the idea of unbundling. give us the economic justi justification on your end for proposing the unbundling of the cbs platform. >> well, i think it's the purist way to find out what customers want to pay for individual programming, and it enables customers the flexibility and choice to pick what it is that they want to avail themselves of. in this way it takes us out of the middle of it, and we think that, you know, really what we're all about is providing our customers with flexibility and choice and delivering them a video product at a fair price, and we think this -- this -- in this particular instance it's a very efficient way to accomplish it. >> i'd like to jump in as well, rob, because i understand that in the meantime you've suggested essentially to time warner cable customers, look, you know, go and get an antenna and watch cbs the old-fashioned way or go and

get aereo. do you think they will do that, that the dependability and quality is not there and then come back to time warner and then know what they are missing out on in. >> our thought process there is much less machiavellian than you would suggest. we're mostly interested in ensuring that our customers have access to programming that they love during this difficult period, and as long as the programming is available over the air for free, we would encourage them to take advantage of that fact and get an antenna if need be or avail themselves of aereo. initially we encouraged customers to go online and access content via cbs.com. unfortunately, though, cbs has taken the unprecedented step of actually blocking our internet customers. whether or not they subscribe to video from us and whether or not they live in a market that is tubely served by a cbs o & o which is the particular subject of this negotiation, they have

blocked cbs.com from our customers. >> but, rob, a question about aereo. you're recommending your subscribers go there which offer streaming television for $8 a month. aren't you concerned that you're going to drive cord cutting? anecdotally people are frustrated with what's going on with time warner cable and look what they can get with so much less money with flefltics. >> we're really putting our customers first and the top priority at this moment is to ensure they have access to the content. as far as long-term implications as far as having them experience alternative ways of accessing the content. i think at the end of the day we need to be confident that the overall quality of the service we deliver is sufficient justification for customers continuing to want to subscribe to twarn cable. >> you probably saw the article in "the journal" with james dolan who runs cablevision,

madison square garden, et cetera and he says he can envision a cable service that doesn't have the tv. do you see that? >> the dynamic in terms of programming cost escalation relative to the prices that the market will bear for video product leads one to start to think about things like that. i would say we're committed to the video business and our objective is to continue to deliver high quality video to customers and continue to improve on the overall experience and we'll have to maf gate our way through the programming cost mine nicks that jimmy is referring to. it's certainly though, you know, not free from doubt as to where all this leads and i understand his serbs. >> rob marcus, do appreciate it. stick around. we'll continue the discussion but we have to let rob goo. >> appreciate you having me.

>> let's bring in the "new york times" media reporter. brian, i hope you were. >> listening to that conversation. what are your thoughts on this and how do you progress? >> i don't think time warner wants to go down the a la carte road they are describing but the fact they are making a new offer to cbs means they want to look like the good guys. both companies are getting beat up in the press and in the public and they want to look like the good guys. >> it's interesting and i don't think we can make enough of that a la carte offering. that's the way things are going. as soon as i heard that, where does this lead. mandy just got back from italy, thus the machiavellian question. why probows that? what does time warner cable have to gain and rob marcus is a smart guy, cfo and been there a decade is they think they can make more money that way. >> i think he's reminding cbs, trying to lure them back to the

table by suggesting something that wouldn't actually happen. we want to act like we're okay without them. right now cbs is saying we're okay without time warner disable and time warner is saying we don't need to put you back in the bundle. they are trying to say they don't need the other people. >> this has been a pain for all the customers who have been without sheebs and showtime and yet it's becoming increasingly common when we see this kind of show down occur. will we be able to somehow not see the showdowns. is there a way out of this situation? >> three other blackouts happening in other parts of the country. not getting attention because they are not in new york and l.a. there's a bill in congress that will address this. doesn't seem like there's a

regulatory remedy because in the short term we'll see more of this. nobody wants more for tv but everybody wants all the awesome stuff on tv. i would love to watch "under the dome" but i'll watch "friday night lights" or something. >> i agree with brian that i think they are trying to make a point by recommending or suggesting this a la carte solution. it's interesting that this is coming on the time warner earnings report and one thing the company talked about is one reason they lost so many cable subscribers is because the costs were too high. >> tease really hard to hold on to your video subscribers when you're charging them a lot. >> so i think time warner cable is in a position where they don't want their costs to go up more and cbs is in a position to

hold all the cards. >> there are more subscriber options out there than are but right now time warner sable teams to be losing and cbs seems to be losing and consumers are really losing. >> to be fair, think about it from cbs's perspective, why don't they deserve a dollar or $2 since they are so popular. why doesn't some money come out of the channels no one watches and goes to cbs. >> what's espn getting now? what's espn getting? >> most of all, more than $5 and then there's usa, fox news and those kind of channels that get at least $1 a month. cbs should get that if fox news and others get that. they are really too ugly to think through the math. >> i smell a brian stelter article on this one. brian, thank you very much. >> on deck, we'll switch gears.

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let's get to what's happening in the markets. with the dow coming off six straight weeks of gains. u.s. equity funds saw a record in flow. they saw $33 billion coming in last month while bond funds saw the fourth highest outflow on record. bob, i want to join you. if the dow remains down, the biggest daily loss since july 2nd. we've had it pretty good. in terms of the. >> market movement. how have the fisher comments affected sentiments. we were only down about 20 points when richard fisher came out and made the comments. he was colorful. i liked the comment, cutting the gordion knot of the higher rates and he said we should gird our

loins to make the first move this fall and on who would be the next fed chairman, said janet yellen was immensely capable but the fed doesn't need a prima donna at the helm. didn't make any direct aspersions and my favorite comment asked about people in the past and he's got a big hero, he said paul volcker was the moses of the central bank. remember way back in 1980 when he was there. >> he went out and said mr. volcker was -- thank you, mel brooks. mr. volcker was the mega standard forfeit presidents overall. there he is doing mr. moses and

we now know where mr. fisher stands in terms of his hero in the pantheon of fed chairman. >> mel brooks in there. >> the 15 commandments. >> 10. >> sorry. >> bob, thank you, all right. >> speaking of numbers, the dow is up nearly 20% and the index has dropped a couple of days in. >> july. of course, all of this has got us just a bit nervous. should we be, bti chief global strategist and cnbc contributor and managing director. i know it's kind of likes the "sports illustrated" cover jinx, never know whether it's true or not. everybody is getting in so should we get out? what's your take on the inflows? >> the inflow data is never specific market timing tool. we've had umpteen months.

the stock has gone nowhere but money. in terms of predictive ability it's really hard to say that august is going to be the dops because the number seems to be reversing. let's hope the predictive ability of steve is higher. earnings season is winding down and what's going to be the next positive catalyst to the upside. >> it's going to be whatever the fomc decides to do in september. is it going to be taper, taper light, no taper. >> we've seen all kinds of possibilities, i think that we've got to think that the september meeting will be the next big piece of. >> news. do we just go side pays.

>> the markets won't take much to move around given the fact you have a diminished population playing the gains this morning. earnings are behind us. we all know what that looks like and really the big question mark is where does fed policy stand so they have pushed september out there as sort of when they would act, if they will act. they are very non-committal in their statements. >> hold on. should the fed be committal and come out right now and say what they are going to do in two months or fewer mounts time? >> i think they should be a little more committal about what their came plan is. >> we know what their game plan is. they will reduce the pace of asset purchases beginning in the fall for over the course of a year. we do. >> and peerngy says

accommodative monetary policy. >> look at the ten year and you can see what they are going to say next. >> if you think they have put the game plan out there. wouldn't it already be factors into the markets? >> it's not what i think it is and second of all it is factored into the markets. >> the ten-year is much higher yields are across the curves. >> let's not pretend like there's been no correction or adjustment in markets. >> dan, if you're right, okay, let's say you're right. >> if you're right. everything is an if. the only thing i know is i have to pay taxes. >> if you're right. when the lewis puller, jr.s it back and stocks are doomed, they are wrong because stocks haven't

dropped. >> low interest rates have been an important input in helping the economy grow and no one on this channel, on another channel has been able to explain to me in a cogest and cohesive manner why purchasing the assets is really different than 85 billion. in june when they made these comments, i don't think the story is what they are doing. nobody believes they truly expected the ten-year to trade all the way up to 2.7 and they went back peddling a million miles an hour. 65 million will not have truly that big of an impact on. >> monetary policy.

if we truly go to. >> 60 billion. they don't want that. >> they look at the ten-year. yes, we would like to start taperi tapering. >> they had a really important part of this discussion and that's the assumption the yield is 2.5% and not 4 because they are buying bonds. they are going to say we'll buy less bonds. and oh, by the way interest rates are going nowhere. the federal funds rate is going nowhere. >> we all agree with that. >> the fed funds rate is not going anywhere until 2015. >> the issue is the ten-year models. >> mandy just got back from vacation. this is monday. >> this is like dolce non-vita. >> that's no life. >> thanks for the argument.

>> later on. >> thank you for the gentle discussion. anyway, coming up, most people's eyes glaze over when you talk about patterns. don't glace over because the big apple samsung ruling has everyone taking a look at this issue. wait until you see how much money is at stake? >> and could quitting social media cold turkey make you better at your job? one reporter is about to find out? what would it take to get you to quit social media. tweet us or facebook us your answer. we're back after this. "stubborn love" by the lumineers did you get my email? i did. so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but what about when my parents visit? ok. i just love this one... and it's next to a park. i love it. i love it too.

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serious investors are choosing fidelity. now get 200 free trades when you open an account. mortgage credit availability rose in july according to the mortgage bankers association. that's five straight months of lending standards easing so are we forgetting the lessons we learned during the housing crisis? diana olick has that story, what do you think? >> we're certainly not forgetting the lessons of the mortgage crisis. we're talking about a very slight easing, and by the way the fed's senior loan officer

survey confirmed that as well, a slight easing and what this is really about is refinances or i should say no more refinances. the recent spike in mortgage rates has send mortgage applications dropping led from refies from a year ago. this chart says it all. refis hit a record high in december of last year when rates were at record lows and now down at a 63% share and purchase applications have not made up the difference so lenders need more business now and that means they are easing up a by the on the overlays, not the basic underwriting but the extra protect they put in place during the foreclosure crisis. credit availability rose and is up 3% from may. may is when mortgage rates began to rise. the increase in mobility was driven by increases in offering

for borrowers with higher ltvs. a lot of the easing is coming on the higher end in jumbo loans and what's interesting is what the ceo of the mba told me, dave stevens. he said that really the average home price in june was 185,000 but the average originated in june which means the low end is all cash and the first time home buyers are not getting into the mortgage market or getting into the housing market. that's what we need to see. seeing an increase in avail ability on the high end in jumbo loans. more of this online at reality check.cnbc.com. back to you. >> we're following that huge major league baseball story. a dozen players have accepted

suspension but not a-rod. rob, when are we going to get news on alex rodriguez, nelson cruz, jhonny peralta, a few others. what's going on with a-rod? >> that's a great question. we do have a deadline which is the yankees game tonight. they are scheduled to play in chicago tonight. i can well you one thing. major league baseball would not have alex rodriguez stepping on the field to play for the yankees tonight so if there's any way to potentially reach a settlement today they will find a way to do it a-rod's representatives reached out to the commissioner's office seeking an 11th how settlement and the fact that there's delays makes me wonder whether there could be a last-minute settlement that would have a-rod start serving that suspension immediately.

>> i want to say something that you might fall down and faint from. i respect what a-rod is doing. a-rod knows when he walks on the field tonight if there's a fame he'll be booed mercilessly. we showed you the cover of the "new york post," just go. getting slaughtered everywhere and he's stepping out on the field but is there an ulterior motive to this? what's he doing? one always has to look at the dollars, right, owed $9 million on his contract for the remainder of this year and 25 million next year and another 60 plus millon for several years after that by the yankees, so if you're a-rod every single game you play is a six-figure pay day and you want to reduce that suspension as much as possible from the 214 games now on the table to down to 100, 150 games, the other 12 players you just mentioned are all serving only 50 games, 5-0, because they are

first time offenders and technically a-rod is, too, and he has to be thinking why am i getting the biggest suspension when i'm a first time offender? >> the story is not over. >> let's kick off a week long made in america series with an inside look at walmart's push to go patriotic. will customers care to pay up to buy america. >> and later on what i learned on my roman holiday. >> just for you. ♪ really is a little scary, isn't it? right now, 7 years of music is being streamed.

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okay. look alive, look alive. street talk time. let's see if i can remember how to do the tv thing. first stock up, steve madden, is that in honor of me? >> thank you. >> upgraded to goldman sachs. raised their 12 month target price. the company has shifted from a footwear cycle deceleration to capital allegation. >> goldman thinks they are willing to deploy its cash rich balance sheet which will be $8 per share. >> stock number two, brinker international getting a downgrade and only slightly lower. down about 6/10 of 1%. they don't see absolute valuation improvement. the company is at an all-time

high. next up is kraft, the maker of vegemite, an australian company that makes a very american thing. >> this is their quote. mr. peanut's upside is limited. increased competition. the price target was given a boost and despite the call th they -- downgrade with a price target ingrease. 1.7 billion market cap. industrial labeling and printing system company, upgraded to an outperform from rw baird. target increase from 41 to 35. >> let's move on. the headline says the obama administration vetoed a patent ruling banning the sale of older iphones and ipad. that's the headline, but this is much more than a simple apple versus samsung patent case.

the first veto of an itc ruling in more than 25 years, and it was so much the value of american companies intangible assets what does this mean for valuing companies all together. let's bring in one of the premiere guys value ewing patents. mandy and bryony, thank you for having me. this is a continuing of policy decision being made to reflect the economic value that patents drive tied. how will it affect me. >> there are a lot of patents that exist in the market but a small percentage that really matter. >> i would like to know from a market sentiment point of view how it affects sentiment towards licensing groups? >> the market spoke this morning on ip licensing firms.

a number have fallen sharply. over time that will sort through and we expect recovery. companies will continue to focus on those patents that believe is essential but the highest call standards. >> i buy a patent and expect to get what i paid for it. do you believe that value still exists today after that decision by the president? >> you know, ryan, not only do i think it exist but it's been enhanced. for a long time the market has been looking for guidance and what the ruling tells us, especially if you read the actual itc opinions and the dispenting opinion of judge pinkert it gives us insight into how they are looking at the assets and that brings consistent and value.

where do we go from here in terms of the itv? >> i think the itv will to v to rethink what this decision means generally. rules expected in the next week or two and speculation those may be deferred to absorb the decision but the itj changed the rules of injunction in the courts and they focus now on the itv and that's now up for grabs. >> thanks for joining us on relatively short notice. appreciate it, buddy. >> making patents interesting. >> next up, some of you smart people out there already got it but for most we'll reveal today's mystery hint. it's a chip off the old block. >> in search of the world's best airline business class seat. what's coming up next on the

"closing bell," kelly evans? >> china is reconsidering its one-child policy and we'll talk to someone who said that could give a boost to the global economy and also the white house overturning a ban, you were talking about it on some older ipads. plus, investors put a record 40.3 billion into equity funds last month. the question is whether that's proof retail investors have gotten off the shrines. all that and more just ahead on "closing bell." you make a great team. it's been that way since the day you met. but your erectile dysfunction -

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time to reveal today's mystery chart. a number of you already got it. it is qualcomm. qcom. it's in the news because piper jaffrey downgraded it to a neutral. their concern is potentially falling high end smartphone demand. we'll keep making these things harder until it's going to be a fake chart. got to make up a chart. that will get people going. >> check out priceline, by the way, because officially it's the highest priced stock in the s&p 500, sitting at a 14-year high and got an upgrade with a price target of over $1,000.

that's also the kiss of death, as we know. >> jetblue and delta unveiling reconfigured first and money-making coast to coast routes. these seats account for as you have as 50% of the airline's revenues. jane wells at the business travel associate. jane, what's going on. >> reporter: brian, i'm not sure the seats are aimed at the mile high club but business travel is expected to hit $273 billion this year, up 5%. here you're seeing it for the first two, the big reveal. jetblue, its first nobody coach see. reclines flat and your feet slide under the person in front of you. it's coming to some

transcontinental flights spring and elite seats coming to some 757s with a power unit conveniently located but its business travel grows. orbitz for business and a part of expedia are seeing new traits in business travel and they want mobile apps and travel responses from agents right now. >> you watch the dynamic when the wheels hit the ground. if there's a problem who can get to an agent more quickly. >> 75% of our travelers, for example, are booking their airfare within 14 days in advance to give them significant savings, 25%, 35% savings than if they wait until the last month. when it comes to the business seats, we were here when they were so thing up the emirates.

they have showers in first class on emirates airlines and while the u.s. is the largest business travel marked, but not for lon., >> the percentages of chinese companies investing are at phenomenal rates and are poised to put china as the world's largest business market by 2014 surpassing the united states. >> he says while china's business is 80 billion below the u.s., it will double to close to $400 billion. >> back to you. >> before we let you go, jane, san diego, fantastic. oak crest high school, love the town and the chargers, but the last time we were there, we were on the road, spoke to the mayor, mayor's got himself in a little bit of hot water.

>> yes, ten women and counting, but today the mayor has entered two weeks of intensive therapy at an undisclosed location. >> where is it? >> that was a joke? >> chain wells, trying to suppress a laugh. that's okay. it's "street signs." we're having fun. >> up next, america's store hops on the america-made bandwagon but will this patriotic push really work for walmart? and you've got to see this. everybody was fine, but it's the most epic driving test fail you'll ever see. >> and speaking of driving, check out this youtube video. it's gotten a million plus views. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help.

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weller here's some good news, folks, american factories are liari inhiring again. in fact, more hiring activity in july than any other time in the last year. so today on "street signs," we're kicking off "made in america," and we'll starting with walmart, announcing to buy more u.s.-made products over the next decade. mary thompson visited one of the superchain suppliers and is here.

>> yeah, you know, some say this is just a pr move. walmart is pushed by more american-made products may slow the trend of the big-box retailer depending more on imported goods. in fact, the push is creating what you might call a walmart economy. here in fayetteville, arkansas, new orders are pouring in at the candles. it's added 60 full-time jobs to produce another 10 million candles destined for the shelves at walmart. >> the state of the business before our partnership with walmart was very slow. dismal at best. >> reporter: last year, walmart accounted for $4 million in sales at hannah's candles. now, walmart says it plans to buy $30 million this year alone. by 2017, the retailing giant projects that number will hit 45 million. but hanna's candles is just one of the manufacturers getting a boost from walmart, which has pledged to buy $50 billion in american-made products over the next ten years.

walmart is partnering with highly automated companies that use raw materials found right here in the u.s., like the economic stop at the end of the factory line. >> this is not putting an american flag and label on a product and let it sit on the shelf. this has to be proven with customer demand and movement. >> reporter: so how many more jobs might be created if walmart buys $50 billion more of american-made goods like these candles? boston consulting group estimates 100,000 jobs. factories like hanna's candles generally have to update their facilities to accommodate more orders, so the push to buy american would be more viable long term if additional retailers were to get on board. ceo burt hanna says he's already getting calls from other outlets. >> i think it's our responsibility as manufacturers to try to keep the jobs here in america and figure out a way to do it. >> reporter: now, while $50 billion is only about 10% of

walmart's retail sales this year, the initiative could still be a game-changer given that walmart's often been criticized for contributing to the demise of u.s. manufacturing. not that, of course, it completely rolled back the clock, but it can help rewind american manufacturing, even if it is only one factory at a time. >> i think it's a fantastic idea. i know traders had this some time ago where they encouraged the australian consumers to be conscientious australian buyers and put a logo on everything australian made. in many cases, it cost a little bit more, than something made in china, but you felt like you were contributing to the local economy. >> the american goods are cost competitive. they're not saying buy because they're american, they're saying buy them because they provide value and quality, which are walmart's key phrases. in addition to what they're trying to do is they're going to bring together another group of retailers to see if they can get the other retailers on board, as well. and spread the word. >> i hitched this to a previous gig. sales tax free for american-made

products for two years. the rebate comes on the check. >> incentives. tomorrow, we'll look at the mom and pop manufacturing company. the small manufacturer is back, to mary's point. find out why, as our made in america series continues tomorrow on "street signs." okay, coming up next, driving test fail, and what i learned on my summer vacation. >> you read? what you wear to bed is your business.

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all right well, nobody was injured in this. we're going to show it to you. it's a video -- this is the beginning of a drive to get the driver's license. >> oh, my god! >> and the car rolls over. seven seconds into the first go for a driver's test, the car was rolled. the woman was obviously startled. the guy yelled "brake." she must have -- >> so did she get her license? >> i blame the guy, because he was screaming. you don't scream when someone is new and nervous. >> yeah. >> the guy starts yelling at her. >> it's all his fault. >> i completely agree. listen, listen, wait. see, he's screaming at her. so it's just rude by the dude. everybody was okay. but that seven seconds -- >> we didn't show the video if people weren't okay. >> yeah, never do that. so two weeks' vacation on the riviera of italy. private jets. yachts. tell us what you learned. did you encounter any normal people on your trip? >> lots of normal people. when i come back here. in the meantime, what i learned, number one, we've got life all wrong. it really is like dolce vita,

the food is magnificent, the life is cheap, the sun is good. we all have life wrong. number two, i learned how to park a car in a space smaller than a car. >> wait, wait, no, no, you learned how to park a car -- >> park a car. >> did you go to australia quietly? park a car? >> i went to boston. we always think of italian luxury cars, lamborghinis, maseratis, and didn't see a single one. i saw a lot of scrapes down the one side, because road rules are only there to laugh at. number three. what i learned is despite the fact there is an economic crisis over there in italy, it's not actually necessarily evident. you don't see homeless people. you don't see, you know, houses or shops all boarded up. what you don't see, european tourists evident. there aren't a lot of european tourists traveling. what there are a lot of are australian tourists. every place i went, i went, can you park the car?

>> the good news that -- >> anyway, it's good to be back, folks. >> good to have you back. the only upside, the penthouse, it was a little less expensive for you guys. >> he's joking, by the way. >> i'm not joking. >> he is joking. >> thanks for watching "street signs." welcome back, mandy. >> thank you very much. . see you tomorrow. and welcome to the "closing bell," i'm kelly evans down at the new york stock exchange. >> hey there, kelly, scott wapner at cnbc global headquarters. maria and bill will be back tomorrow. and we do have a very busy show ahead. it's, of course, a down monday to start the week. >> -- on friday, but it doesn't look as though we'll be able to do it again today. we'll watch, though, and see what happens over the next hour. some big