off three quarters of a percent. s&p down.5%. nasdaq down. biggest winners, terra data, super value and hewlett-packard on the trading day. terra data up 2.5%. that will do it for us. >> that's right, sue. see you next week, everybody. thanks for watching. "street signs" begins right now. >> are stocks overvalued? the nasdaq is up about 20% this year and some billionaires are saying that bargains may be gone. we're going to dig in and we want to hear from you. tweet us what you think. the i-fans lining up for iphones. enough to ripen up shares of apple or is america suffering from smartphone burnout? are the dodos in d.c. bird brained enough to shut down the government? an interview you cannot miss. jane wells sitting down with software guru turned belizen

fugitive john mcafee. you know it should be a one to watch. >> it is. happy friday. the dow at a session lows along the with the s&p and the dow has lost all its wednesday fed day gains. nonetheless it does look like the s&p and dow will be up for each of the first three quarters of this year and that, folks, is something that has not happened since 2007 for the s&p. for the dow not something that has happened since 2006. let's get straight down to the trading floors and join our friends, bob pisani and rick santelli. bob, you have a lot on your plate, ipos, heavier than normal volume, que drople witching and now the fed's saying the feds made a mistake on wednesday. how do we deal with this stuff in. >> that's confusing. put up the s&p because we've been drifting lower even before george made comments and all other things being equal the s&p 500 sitting near the lows for the day.

the comments from bullard earlier on they might begin tapering in october, can we be confused enough? we don't though what fed is going to be doing. i think that's causing people to take money off the table. the s&p at the lows for the day. put up the full screen. we will have a busy close. the rebalancing in the s&p 500 overall. number two, we've got dow changes occurring at the close and gold mining indexes being rejiggered as well. look at the dow. three stocks are going into the dow, three stocks are going out of it. goldman sachs, visa, nike, in b of a, alcoa, hewlett-packard out. a lot of activity on the floor. i want to point out a couple things, apple a big mover. it's going to reduce its share count by 3% in the s&p. you will get a lot of volume at the close. the gain is simple, make sure you get the volume in, but don't try to move the price of the stock too much. it's an art and we'll see what happens. google is going to have

additions going in. they're going to add about 4% in the s&p. disney has some activity going on at the close. i will be here on the floor covering all of it. >> you know what, it takes a big man to admit it's confusing. a lot of stuff out there. makes the average investor's mind explode. we're going to try to sort it out. >> how do you tell people, you and i we're reporters here, how do you explain this when their own message is so confusing and difficult to convey. it's a frustrating time to be a fed watcher. >> and the hints, some people taking money off the table to be safe. rick santelli, how much tweaking and revising down have we been seeing in the ten-year yield forecast for the end of the year? i'm just interested. >> you know, i don't know that i can tell you the group of people i deal with are lowering any forecasts in terms of yields for ten year for the end of the year. but what certainly has happened is, they have lowered where they would in essence resell the

market. instead of having it rally to 270 and sell it, now most think along with other funds that have thought this all along they now want to wait until around 2.5% to resell. we'll have to monitor not only that dynamic but the biggest dynamic, the biggest gorilla if the room, what the redemption pace will be, how it will be affected by the news this week. >> rick santelli, thank you very much. buddy, you have great weekend, sir. >> you too. >> two gurus of gross income warren buffett and carl icahn gave their view on the markets to cnbc. check this out. >> they moved a long way, they were very cheap five years ago and ridiculously cheap and that's been corrected. they're probably mother-in-law farre -- more or less fairly priced. we don't find bargains around but we don't think things are way overvalued either. >> i do think 70 times that you have to be pretty well hedged

and i didn't know warren buffett said it but i agree. >> smart and rich as those guys are, and they're smarter and richer than we are, are they also right and are stocks largely fairly valued as a whole? let us bring in lazard's hogan and rich rice from american century investments. saying the markets are fairly valued, they're essentially saying most stocks simply aren't going to go up anymore. do you agree? >> i think that if you look at this, brian, and sort of disseminate what fairly is versus attractively valued and i think that fairly valued as a gauge to a multiple on this year, stocks probably are fairly valued. we're probably going to see another slight move up between now and the end of the year from 1700 to 1750. but that keeps you at about 15.5 times this year's earnings as you look out as investors do, stocks trading about 14 times next year earnings and it appears as though both klein and the eurozone are going to be

more helpful, not a head wind to the global economy and the markets. >> sorry to jump in, you're making great points. 14 or 15 times earnings, even call it 16 on a forward basis, that is well within historical ranges, right, and so why do you believe buffet and icahn would say that given you're making a strong case stocks maybe are not fairly valued? >> right. first of all you talk about, you know, a couple deep value investors versus long-term investors that want to look at this and say where is my growth opportunity and in terms of historic valuation, 14 times next year, two multiple turns lower than our historic average over the last 25 years. what i also think is not being priced in is an improving global economy. the u.s. economy will move along at 2.5, or 3%. our earnings growth will mirror that a little pit. what we factored in, europe not getting worse and china getting better. >> i want to ask you whether you

think stocks are fairly valued and time to sell? >> not at all. respectfully disagree. stocks on the whole may appear fairly valued, but there are certainly still sectors where there are good values to be had and by the way, just because stocks are fairly valued doesn't mean they can't become overvalued. in other words, if there's continued growth in the economy, which we believe there is, stocks can go higher than fair valuation. that doesn't represent a ceiling on stocks overall or certainly by sector. there are many sectors in the mid-cycle part of the economy, growth sectors, tech, industrials, that have a way to go. they have not kept pace with the markets so far. and have a lot more potentially to go. >> what makes you so confident in that, rich? >> well i look at the fund memos. we're growing in the u.s., still leading the world in economic growth. we have begun to see signs of stabilization in europe and they're catching up so we're getting this tailwind on us. also, i had dinner recently with

my friend brad jones, a founding member of red point ventures, big venture capital company in california and venture capital private equity are all looking good. these are good, solid leading indicators for future growth. nothing to be worried about at this point. >> certainly both of you pointed to the fact that we're seeing a stabilization, if not improvement in economies outside of the united states as well in which case if you're going to put $100 into the stock market would you rather it to be overseas or here, art? >> mandy, that's great question and if you look at what investors said last week in terms of voting with their wallets we saw about $26 billion come into equity mutual funds and etfs. if you look at the split domestically about $18 billion was in the u.s. and the balance was spread across the rest of the globe, especially emerging markets which seemed to be getting a tailwind. the emerging marketplace is a direct correlation to what's happening to the dollar, the fact -- >> where? the emerging markets, quote,

overseas is a very large place, right? the world is not flat. although it may be. we could find that out. where would you put money in emerging markets? where? >> the eem is probably the safest way to play that and certainly gives you a broad set of exposures but if you think latin america, brazil in particular, it's going to be the plays that have been oversold because of the china demand story where we get conservative where it's just direct basic materials. basic material play is going to be difficult. probably don't want to look at, you know, the folks that are just shipping construction materials. what you want to look at is folks like brazil, mexico, you want to look at parts of asia and, you know, i think that eem is a great way to lay that out for the average investor and say here's my broader exposure to emerging markets across the broad spectrum of the globe. we're talking about a portion of your portfolio. the vast should be domestic u.s. equities. >> what kind of breakdown would you have?

i know you like the overseas markets and like europe but what kind of proportions would you have, u.s. versus elsewhere? >> it's going to depend on the application of the portfolio, but in our global asset allocation portfolio at american century, we're overweighting international equities vis-a-vis u.s. equities and developed europe. euroland. the economic growth forecast for euroland have increased significantly, going to accelerate in growth well beyond what we're doing here in the u.s. later this year and next year, so the best values are there. they're having solid earnings surprises, especially in the tech and industrial sectors. some cases the financial sectors. so there's a lot of room to grow over there. >> art and rich, gentlemen, both you have great weekend. thank you so much for your insight. we appreciate it. >> by the way, before we get to dominic chu, jim told maria this week, australia has not had a recession in 20 years. >> yeah. we've had a pretty well-managed economy over there. mind you, parties sometimes end and when they end they can end

badly. fingers crossed so far so good. >> sheep futures soaring. to dominic for the quick market flash. >> how about at least not a good party here for defense contractor rockwell collins. one of the biggest decliners in the s&p after the maker of air trap electronics issued a 2014 fiscal profit and sales warnings. the forecast factors in the impacts of shrinking defense spending and budget cuts. ceo kelly orpick said, quote, our assumption is sequestration is here to stay. back to you. >> interesting there. watch boeing on that news. rockwell collins provider of aeronauticcle gear to all the aircraft makers. right on deck, are we all starting to suffer from smartphone burnout? well, apple hopes not. we'll discuss. >> and then later on, what bottomless bowls of soup, breadsticks and crab legs are telling us about america's economy. [ male announcer ] at his current pace,

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facebook, priceline and amazon what do these three stocks have in common? they're all part of today's new high club. priceline see holding above the 1,000 mark which just crossed yesterday. >> the new i foens are out and we have seen videos of longish lines. tim cook personally greeps some of the folks who waiting for the new phones. apple shares slightly down. john fortt what are you hearing

about sales? >> brian, these are long lines. record lines in new york i'm told, probably record lines in palo alto. first, file this under it's not real gold, folks. on ebay right now, the 16 gigabyte gold iphone 5s just went for 1125, that's $1,125 at auction. and there's a 64 gig at 1525. that's more than $500 above retail on average so hey, the gold was gone here by customer number 37, so it is in short supply. appears to be a bit of a geek status symbol perhaps. the university avenue store here in palo alto is out of 16 gigabyte phones in all colors. the folks in line will have to go with something in white. and a greater capacity. tim cook was here earlier this morning, he was happy with the way the europe and asia launches had gone. said it's already a good day. but we're going to have to wait until monday morning probably around 8:30 eastern for the

final weekend tally numbers for how these sales actually went. was it supply constraint or just strong demand. >> john, thank you so much for that. will the iphone frenzy deliver for apple and shareholders. bring in will power who has a neutral rating on the stock and scott who is a buy rating on it with a price target of $550. scott, the stock is a little bit down today but you say the stock nonetheless has been firming up a bit in the past few days and once those numbers come in, the worldwide demand for these new phones, do you believe it will firm up the share price even more? >> yeah. i think that's a fair characterization. the way we're looking at it here is essentially now that people have had an opportunity to see the phones, to try ios 7, we think that the sales are going to be lot stronger than some might expect and we expect apple to continue the momentum by announcing and introducing ipads

within the next couple of weeks heading into the key holiday shopping season. >> will, what are you seeing from scott that is different that makes you only have a neutral. >> as we look at demand today it looks good out of the gate. we visited a number of cities over the course of the morning, suggest solid demand. the lines we saw were down a bit. i think there's strong demand for the 5s, somewhat less demand than the 5c we might have anticipated. the big question, international growth and their ability to penetrate those markets. i don't think there's any question given the ecosystem in the u.s. we would see the strong sales here. that is going to be the big test for us. >> using the phone now for about a day and a half, it's impressive. one thing i have done is probably purchased a few songs through the new itunes radio. apple has made 3 bucks from me. do you see anything in the new phone that is revolutionary, that will cause the people that have an android phone to go out, dump it, maybe break their phone contract, to pick up an iphone?

anything you see? that's the key. we're all locked into deals right now anyway. >> right. yeah. i think that is going to be difficult. that said, we did a survey, we put out just yesterday that suggested that roughly 10% of the respondents indicating their interest in purchasing either the 5s or 5c and that suggests good demand. almost 30% of those respondents were noniphone users. the other 70% were iphones which is indicative of the upgrade opportunity. i think it is more evolutionary than revolutionary at this point and i think it is going to be tough for them to draw away from android and elsewhere. >> i'm going to pay you the highest compliment on "street signs," that is you're a beautiful nerd. we love nerds on the show with great stats and you're saying forget about killer apps or better siri or whatever, what you love about this stock because it's balance sheet, that's what's getting you excited here. >> yeah. i think that's a fair characterization, mandy. when we think about apple, i mean, will was talking about the fact that maybe the lines today aren't as long as they were a year ago, but i think about it

more in the context of what did people expect the lines and more appropriately demand to be like for these devices today relative to maybe what was thought a month or two ago? i think that people are starting to realize that apple has been and it continues to be the leader in the smartphone and tablet categories on the high end and that's actually a pretty good place to be. in addition, sure, the balance sheet is tremendous, it's going to support the stock and valuation and we think it's going to reward maybe some more courageous value investors over the next 12 months. >> a beautiful balance sheet, what if it's no longer cool? so simple. everybody has a device, mort role la, iphone, whatever, what if it's no longer cool with the cool cats is it. >> i think there's an issue in terms of the cache apple may or may not have and that's something i think that has been somewhat of an issue over the last year or so but i think

apple, for a variety of reasons, is going to start becoming more cool to people than it was a year ago because the products are new and in the market and heading into the holiday shopping season, that's what people want. everyone else has had their shot. they haven't taken a lot of market share arguably and we think this is apple's time right now. >> let's not just bash apple. it's not an apple product. i'm sure cars were cool when they first came out, right? it's a phone. it's a utility device. there's neat features. the reality is, people aren't amazed anymore. smartphone burnout. we've had them for a couple years. got neat incremental things. apple built an industry that everybody copied. is apple the same company it was in 2007 when it literally blew the mind of the world by releasing a device that nobody had ever seen but now one we've seen for six years and to be honest with you it's the new princess phone. it works, i'm going to call somebody. >> well, champagne is in

apparently based on initial sales tallies today. look, brian, it's a very good question and i think whatever new category they come up with, probably isn't going to be as big as the smartphone opportunity that they really engineered back in the beginning of 2007 but the key to apple, to make the stock work from here in our judgment is going to be untap some of those new market opportunities, whether that's the tv or wearable devices, they need to come up with something that wows us again and i don't think we've seen that recently. >> brian, you give your daughter a princess phone. i'll give my son a blue 5c and see the bigger smile is. >> did you see the lewis piece on conan about smartphones in general? you should check it out. >> maybe our viewers should as well. >> thank you very much. >> take care. >> get your kid karate lessons if he's ten years old and carrying a 5c in the streets of new york. >> a countdown to a shutdown is on. ten days until the federal government goes dark. why a shutdown is pretty much

100% waste of time and money. >> the brittney spears portfolio. the pop star's surprising stock pick. >> follow us on twitter. @sullycnbc. >> and @mandycnbc. and follow the show. wait there are more ways to keep in touch with us. like us at facebook.com/streetsignscnbc. we're watching "street signs" on cnbc. everything is fine. we'll be right back. you make a great team.

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we are at session low for the dow jones industrial average. mandy told you giving back almost all we gained on the no taper rally. dow down 112 points. despite the talk about how the emerging markets will lift all boats caterpillar which makes its living off emerging markets is the worst performer on the dow down 2.74. >> my mind about to explode at all those numbers. the republican house passed a bill to keep the federal government from shugt down. the democratic senate wilkl kil it. income holders for members of

the military and most government workers. in tourism, national parks and monuments would be locked. business travel, passports and visa applications stalled. student loans stopped. by the way, members of congress would still be paid. >> meantime looking at president obama throwing sharp jabs at congress at a kansas city area ford plant saying if the u.s. does not raise the debt ceiling we're, quote, deadbeats. let's get down to john harwood in washington. another dig at congressional republicans. this debt ceiling fight feels similar to the last ones but also in some ways feels different because the republicans are now fighting amongst themselves. >> theyp are this thing is just beginning to heat up. the president on the road today. he always likes to get out of washington. at a ford plant talking about economic recovery and what he did for the auto industry and the effects of that. toward the end of his speech he honed in on what was going on in

washington with the continuing resolution to keep the government funded, the looming fight over the debt limit and said republicans simply are not doing what they can to help ordinary people in the country. >> unfortunately, right now, the debate that's going on in congress is not meeting the test of helping middle-class families. it's just they're not focused on you. they're focused on politics, they're focused on trying to mess with me, they're not focused on you. >> that chuckle you heard from the president, is an indication that he thinks he's got the high side of this argument and so do republicans because john boehner tried to stop his house caucus from attaching a defunding of obama care to the continuing resolution. conservatives resisted. so the speaker is going along

with that. they passed it today in the house. they're looking for the sthats to act. here's the speaker trying to rally the troops. >> the american people don't want the government shut down and te don't want obama care. the house has listened to the american people. now it's time for the united states senate to listen to them as well. thank you. >> now we know the united states senate is not going to listen and respond the way the house did. what we don't know is how this is going to play out and whether a shutdown can be avoided, a debt crisis can be avoided. next week will be crucial. >> a busy one for you, i'm sure too, thank you very much. have a good weekend. still ahead, street talk plus money manager's top three picks. think leftovers and maple leafs. >> and later on the bottomless pasta bowls and endless breadstakes about to run dry.

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welcome back. oil closing here at the lows of the session today. the october contract going off of the books. the close here today, below $105

a barrel marks the lowest close for oil that we've seen in about a month or so. what we've seen is all of that risk premium being given up with talks with syria ongoing and the potential for talks with iran. next week iran's president saying he may be meeting with president obama when he's here for the beginning of the u.n. general assembly. add to that we also have libyan oil production which has been off-line much of the summer, starting to resume its oil minister saying it's as much as 800,000 barrels a day. that's still only about half of what libya was producing back in april before they had all of their labor strife. nonetheless once again adding to the fundamental picture of more oil back on the market. >> thank you very much. okay. . street talk time. all kinds of action going on. we have for you first of all clorox getting a downgrade at credit suisse to underperform. >> they lowered their price target to $78 that's relevant

because that's only $5 below the current price. shares strong performers year to date. next year's growth being back-ended load, analyst think growth trends, competitive dynamics, blah-blah-blah may make the estimates for the four-year hard to achieve. credit suisse saying no reason to own clorox. >> ak steel predicting a wider than expected third quarter loss and see the result in the stock price. >> steel meltdown here. stock down 7.6%. third quarter forecasts, shipment volumes and prices falling from a year earlier. lots of negative analyst comments. too many to list. most on the street that i went through have a price target between 3 and 4 bucks. stock at $4.09. another stock most are saying stay away from. >> wall greene trading lower despite a target boost from ubs, 62 from 56. >> i mean listen the market is down today. a lot of stocks are down. stock down half a percent. less than the market.

ubs -- rating remains buy but raised the price target. citing rite aide their gross market trends were a positive market trend for walgreens and the sector. rite aid sort of semi lifting all boats which is just if you know the american drug store history, not something you normally say. >> doing very well over the past year. tipco getting a upgrade. >> also a nice target boost from 25 to 32. the stock moved past its old target. tibco reported third-quarter profits beating estimates by six cents. >> today's under the radar pick is fireeye, a new ipo in fact. >> it is. i'm sort of calling this the job and wealth creation by hacking stock? yeah. >> they're a global security on-line company. they combat malware, hacking, other on-line threats, whatever. went public at 20. stock at more than double that at $40.17 over 5 million shares

traded in the first new minutes. mill pe tis, california-based fire eye, great stock to go public on talks like a pirate day. >> which was yesterday by the way. extraordinarily busy week for ipos. i think there were seven alone at the nasdaq. let's get thr three more. they are arthur gallagher, bce and tupperware. the other top three stock picks of matt mccormick, matt, it's always great to have you on the show and kind of interesting, i'm going to pick tupperware. my mom used to go to tupperware parties when i was a kid and here they are still going strong. what's their secret and why do you like them? >> mandy, i think when you look at tupperware it's play on tep is economic growth. there's 2.7 direct sellers. go to parties and sell to friends and people that want to be more choosey on consumption habits, find way to make money

and great worldwide play. it's up strong in emerging markets. turkey up over 34%. india up 24%. strong in developed markets where france had 10% year over year sales, north america 12% year over year sales. for people that want to try to make a living, save food and also something that we -- the products are very long-lasting and by the way, they have a near 3% dividend yield as well. >> we teased maple leafs. another one of your picks, bell canada, bce. really? why this name? boring canadian telecom? >> i know, brian. it's under the radar and it's one of the few telecom stocks we like. bce is the largest canadian telecom provider, services over 70% of canada, mainly in quebec and ontario. but why we like it is the canadian economy is growing, a continued demand for wireless and internet and their dividend right now is 5.4%. they've grown at 60% since fourth quarter 2008, payout ratio at 71% versus the average

telecom in s&p is at 81%. see strong dividend growth and economy that is growing, that more and more people will feed wireless phones and internet and we think it's a strong play. >> i will take borrowing for 5.4% dividend. on your list as well, arthur j. gallagher, one of the largest insurance and risk management firms. actually very few people have heard of, right? >> that's right. it's the world's fourth largest insurance broker. what they do, mandy, they specialize in rolling up mom and pop insurance companies. they've down over 12 acquisitions this year. extremely profitable. they estimate they can do another four to 500 million over the next year in acquisitions. the estimates are increasing. next quarter earnings estimates over 43%. 20% for the next two years. and has a very strong dividend yield. when you look at insurance companies this is a way to play what we think is a way to get economies to sails and insurance agency we like this for people

who want financials but don't want to buy the banks or other financial instruments. >> three good names. thank you for finding them under the rock and showing them to the world. >> thank you. >> you will not believe where we found $17,000 scotch. >> and the last time that we spoke to john mcafee i asked him if he was prepared to die for a murder he says he didn't commit. one year later he's preparing for a different sort of fight. going legit in silicon valley. jane wells, can't miss interview, with the always colorful, always quotable, unpredictable john mcafee coming up next. but before that, what's coming up on the always unpredictable "closing bell" as well. >> always is. the cleveland clinic the latest company to cut jobs before a key part of obama care kicks in next month. cleveland clinic ceo tobey cosgrove will be here to explain what this decision means to his company's bottom line. warren buff fit and carl icahn feels this market is fully

valued. we have a famed investor to tell us whether he agrees and where he's putting his money to work right now. we look forward to seeing you at the top of the hour. this is expiration. could get fireworks on the closing bell. $17,000 scotch has got my attention on "street signs" after this.

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let's take a look at the markets and do a reset here. the dow at 15,510. hovering around the session lows here, folks. and despite the fact that this week we actually saw equity inflows of $26 billion, the biggest week on record, today folks, the dow is now lost all of those gains that it saw on wednesday after the fed decided to not remove its stimulus. trivia time. where can you get bulk underwear, a near lifetime vat of mayo and a $17,000 scotch all at the same time? costco, america's bulk retailer selling 400 bottles of 60 scotch whiskey for a limited time only. the liquor comes in a unique french crystal decanter with a copper coated stopper. get them while they're there. >> and he's back, last year john

mcafee when we spoke to him i asked him if he was prepared to die, basically, for a murder he says he didn't commit. one year later he is bracing himself for a new battle, re-establishing himself in silicon valley. jane wells, lucky as she is, sat down with him for an exclusive interview and you're still there, you're live, jane. >> it's a miracle. actually he was a gentleman. brian, we caught up with mcafee in a park in san francisco near the ecuador yan consulate where he spent the morning this week. he has a place in ecuador but says he's done with the jungle for now, especially after this conversation with you last november. >> are you prepared to die? >> obviously that's what i think will happen if i'm detained and that is certainly a possibility. >> that was when the software pioneer was on the lamm, wanted in the questioning of the murder of his neighbor. he just got married and in an exclusive interview insists he's not a killer and as for

suggestions he's on drugs? >> do i look drugged out? >> no. >> and no one has ever seen me looking drugged up. i've never felt drugged up. >> that's not an answer to the question. >> i'm drug-free. i have been drug-free 30 some year. alcohol free. i don't drink, i don't use drugs. >> he will unveil a new type of communications technology he's developing in silicon valley and while he took venture capital money when he wanted to go public with mcafee inc a company he has left he would never take vc money again. >> this new venture you're doing you're funding it yourself. >> 100%. >> 100%. >> give me some idea of how much it's costing you? >> well, it's certainly in the seven figures. >> would any venture capitalist frankly be interested in investing with you now or are you sort of seen as like i don't know about that guy? >> well, you know, i think venture capitalists, every venture i've done, has, you know, has performed extremely

well. tribal voice, sold to cm giant for $17 million, zone lab sold to checkpoint for $400 million, everything i touch turns to gold. i don't know why they wouldn't. because i'm a mad man or a psychopath or would they care, i don't think venture capitalists care about those things. what they care about is the bottom line and can this psychopath give us a good bottom line. if yes, give him money. i don't need their money. >> as for his net worth, mcafee said he's not sure. quote, it's not as much as it once was but perhaps less than it will be. we talked about tech, privacy, murder, who should play him in the murder. read it on the front page of cnbc.com. the split screen shot of him and brian cranston is worth clicking just for that. >> both raised our eyebrows when he said everything i touch turns to gold. this is a god complex going on here. >> i will let the viewers decide

that. in his mind he has made people money over the years. he once referred to venture capitalists as the mafia. he has no it are in dealing with them. >> the old adage you've heard this about larry ellison, the difference between god and larry ellison god doesn't think he's larry ellison. you have to have an ego to be an entrepreneur -- >> i asked him about larry ellison. >> that overarching confidence to succeed. >> i guess. when you're one of the world's, you know, ten richest men maybe it's a little more legitimate when you don't really know what your net worth is. i did ask him about larry ellison. i was covering the america's cup. he said i met him once. he's not my favorite person. >> yeah. i would like to ask larry ellison, maria will speak to him, what's going happen to the catamarans when new zealand whips america's butt? >> not yet. >> i like america but we're losing. the hob bits are going to win.

>> thank you very much. >> coming up next, the best news we've heard since the twinkies returned to the shelves. >> first, don't forget the fed or forget the fed. it's your choice. find out what endless breadsticks may be telling us about the economy. follow us on twitter @sullycnbc. >> i'm at mandycnbc. >> and follow @streetsignscnbc or #streetsigns. like us on our facebook page at facebook.com/streetsigns cnbc. >> you're watching "street signs" on cnbc. everything is fine. we'll be right back. get paid to do something ped you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it,

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let's not quibble about ten point here or there, we can safely say it's a red day for dow jones industrials. currently down by triple digits. only about ten points off the session lows right now. wiping out the gains we saw on wednesday after the fed decision. brian? >> give me good new quickly. netfl netfl netflix, best performing stock. this is the best news we've heard since the return of the twinkies. drake's cakes.

will soon be back on store shelves as early as next week. they make ring dings, devil dogs and yodels. they've been off the shelf since the maker went bankrupt. they were bought up by mckee foods, that makes little debbie's. tmz will cover it. >> not to be confused with mcafee. >> maybe he can make ring dings. >> dow with disappointing earnings. it's the group behind olive garden, red lobster and others, the stock dropping off like a cliff. bob darington, when you have an all you can eat shrimp buffet for $15.99 and have a massive miss like that, what's going on?

>> in my view there are three core problems. one is, i think there are too many restaurants out there. i think the major brands, casual dining brands, like ol liv garden and red lobster, are struggling to find relevancy in a marketplace where consumers aren't spending as they have in past times in restaurants. b, we have a proliferation of what we call insurgent restaurants, fast casual bands that have opened across the landscape and have really caused issues and have taken market share from a lot of the more incumbent brands like olive garden and red lobster. >> when you say they need to find relevancy, a matter of cuts prices to try to meet rivals like panera bread or the right mix? >> consumers have made dinner time and lunchtime into let's make a deal time. when you look at dinner time for casual dining restaurants, the other brands that have morrell vancy in both the price points

they offer, the speed of both, you know, time and money, that they provide to consumers have caused issues with main stream casual diners who, like darden, is struggling to see relevancy with their business with affordability, service, and trying to ee voovl cvolve conce >> the stock has been stuck in a range for ten years except for a drop in 2008 with the drop. >> that's fair. we are seeing shuffling of the chairs at the company. i think drew madsen has announced he will be retiring. i don't know that it's simply a change in management. part of the issue, literally, are the systematic problems that the casual dining industry faces. i don't know there's any simple change in management like a magic wand. >> is there any one pick in the

casual dining sector you like? >> my own belief, there are no silver bullets. consumers are stepping back from the dinner table and being more frugal where and how much they spend, it causes a problem for the whole industry. some brands do a little better. some of the, what i call special iss, like buffalo wild wings is doing really well. red robin has done well. fast food and fast casual brands. >> best single restaurant stock you cover? >> my view over the next 12 months would probably be panera bread or jack in the box. i think they will generate good results. >> jack in the box? we're east coast biased. it's a west coast chain. with we forget about them. >> what you're around becomes the mainstream, what you tend to lean towards, and problem is they're mostly west of the

mississippi. >> within the next 12 months we'll talk about jack in the box. that's a promise. >> we just fulfilled it. >> another 12 months to go then. thank you. the britney spears stock portfolio and why this year's emmys could be a game-changer for television. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪

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ever wonder what britney's buying? no, neither do we. but the fine folks at tmz dug up this gem.

she's putting her money in coke, coca-cola, that is. just sold $2200. at&t, chipotle and mcdonald's among other holdings. she don't own shares of pepsi, even though they inked an $8 million ad deal with spears. clearly didn't get stock as well. >> did not. emmy awards are coming up sunday night on cbs. it's not just another awards show. it's the first time ever a streaming video player could beat out cable giant. jul julia joining us. >> 56 th annual prime time emmy awards bring us a first, a digital content provider, netflix, is up for the very first time. it's a sign netflix is coming of age and competing on the same plane as showtime and hbo. they got nine nominations for

house of cards including outstanding drama and acting nominations for each lead. "arrested development" for three. time warner's hbo continues to be the most nominated network with 308 nominations. but emmy attention could benefit netflix in two ways. first, free advertising to millions who watch the event. and it proves netflix's ability to draw them to the top. how many people will watch the emmys on sunday? it's preceded by an nfl game, but it will compete with nbc sunday football and second to last episode of "breaking bad", series finale of "dexter" and "boardwalk empire." last year drew 15 million, up from previous years but thanks to sunday night football,

younger demographics, those key ratings declined 10%. we'll have to see if they break from "breaking bad" beats them out. >> thank you very much. have a wonderful weekend. thank you for watching "street signs." >> "closing bell" is next. have a great weekend. see you monday. >> hi, everybody. happy friday. we enter the final stretch for the week. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. >> i'm bill griffeth. five days left in this quarter. that's it. if you were watching this program yesterday, you may have known the market might have some trouble today. warren buffett and carl icahn said on "closing bell" yesterday they thought the market was looking fully valued. carl icahn was more bearish