europe. we don't know whether there is a link yet. >> what's the average price on the watches? million dollars in watches. what do you think they got? >> you know, these were -- 20 of them. we are talking about, you know, $50,000 watches. pretty good size pieces here. >> thanks. >> thank you. >> that's all for "power lunch." welcome to "street signs." ryan sullivan is out on assignment. you think the shut down is playing games with the market? wait until earnings season gets under way next week. negative guidance is at a record high. potbelly debut is bloating up in a good way. so far top ipo of the year. but we have warnings that may pop this top. and as part is an bickering continues in washington we here on "street signs" found way to bring the nation together

through national taco day and national vodka day. and there is a way to make merry with the taco stock as well. let's take a look at the markets. these are the facts. the dow and s&p are on track for their second straight losing week. let's give thank you details here. investors in funds worldwide, $1.3 billion out of stock funds in the latest week, marking the second straight week of withdrawals. emerging markets saw funds of outflow of over $2 billion. first in four weeks. where was the green? the nasdaq back in the green for th up for the fifth straight week. okay. let's get straight down to the floor of the stock exchange. join bob pisani. even show speaker boehner indicated there's no deal imminent, traders seem to believe we may be turning a corner here. not just stocks. i believe ten-year is sort of rock solid around the 2.6% mark. that's an indication that the market believes a deal could be coming. are they right? >> well, everybody certainly

believes that. president obama went for a walk around the white house in the neighborhood. had lunch and said i'm willing to negotiate providing they first reopen the government. on the surface, nobody is changing their positions. look what's going on here overall. a change in tone here. put up the screen and let me show you here. the streets believes a shutdown is not going to be protracted. it will not go past october 17. debt ceiling is not going to be reached. the tone has been shifting from shutting down obama care to spending issues. what's going on? there was a great line this morning. the tone has shifted essentially to a down payment. that's what republicans want at this point. down payment on entitlement and tax reform. once you are there, the street believes a deal can be negotiated. you are right about the ten-year. that's what everybody is watching. rock solid. you are right to use that word. 2.6%. one-week chart. fit was a concern about some kind of debt default this would change rather dramatically. if you look at the dow jones

industrial average, representative boehner and president obama were right about here. market drifted a little bit higher because they still believe that some kind of compromise is going to be reached in the next few days. for the week -- i think it is important to point -- you mentioned this earlier, nasdaq is on the upside and s&p is hardly moved at all. dow a little weaker. we are only about 2.5% off of the historic highs. if you look at any other indicator the panic is not there. even the vix, up a little bit this week, much higher in june. look at this. we are still way, way below -- not as low as june. the market did not drop that much. recovered quickly. >> thank you very much. bob pisani. that's president obama with vice president biden taking a walk from the white house to a sandwich shop a block and a half away. day four into the shutdown, folks. no progress at all. now the shutdown showdown comes

down to optics. both sides trying to persia message to the public. where is progress on get thing solved? john howard, are you there? where's the progress? >> i didn't know you were talking to me. there isn't any progress. he was walking down the street seeing if he could find some. you know, what the president was doing was trying to do a little plain folks thing. walk out, buy sandwiches, let people see him, but not behind a podium. and visit a sandwich shop where they are offering discounts for laid off federal workers. the would sides are still locked in at this point. they may be locked in as we get close to october 17. and what the president said was, yes, i am going to negotiate on budget deal with you but not during this crisis. here is what he had to say.

>> when it comes to negotiations, i said i am happy to have negotiations with the republicans and speaker boehner. a on a whole range of issues. but we can't do it with a gun held to the head of the american people. >> what's happening in the meantime is the house is pushing measures to selectively fund parts of the government, democrats rejected those and republicans are trying to cast democrats as unconcerned with the effects of the shutdowns of those parts of the government they are trying to fund. you also see frustration and some complaint from speaker boehner who knows at least in the initial phase, looking at the polling, republicans are getting blamed for the shutdown and trying on to put it back on the president. >> this morning, you have "the wall street journal" out and it says we don't care how long this lasts because we are winning. this isn't some damn game. >> no, it is definitely not a

game. i do think at the end of the day, the optimism that you were expressing before about greg vallier has basis to it. once you get away from the unrealistic demands like defunding obama care and getting back to a normal budget discussion that's a zone where an agreement can be reached. >> thank you for keeping us up to date on that. ron is on assignment today but last night he host ad panel at the anderson school of business. bill gross was his guest. and larry fink. the shutdown and fear and loathing surrounding the debt ceiling, topic number one. this is what they had to say. >> reserve currency -- central bank is the central banker and dash to the extent that, you know, we set the tone either in the form of interest rates or stability from the standpoint of currency and the like. of course, we are. is there a possibility of a debt

default like i mentioned yesterday on the program? really, no. you know. i think it is -- basically theatrics. >> ceos are certainly not going to bill that factory in plant. they are going to wait and speed how this is resolved. i think that you are seeing that in the job data already. job data is -- has been incrementally disappointing. good, not bad. and it is all because of the uncertainty around washington. it is -- it is because of the uncertainty around how we are going to navigate it in washington and what it means for the future and -- behavior, people have to recognize it is -- it is -- their behavior, their decisions, are determined by the type of noise. >> you can watch brian's entire talk with larry fink and bill gross by going to streetsigns.cnbc.com. there is another big threat looming for the markets. 90 companies in the s&p 500 have

issued negative epa guidance. this could break the record of -- 88 that was set during the second quarter. what degree will this be a does pinting earnings season? let's and john and michael. john, let me get to you. there are a number of companies out there that are relieved that down to the earnings guidance as being buried by the noise coming out of washington, d.c. nonetheless, how worried should we be about this trend? >> as you mentioned, so far inform the s&p 50090 companies have given negative guidance. if that's the final number for the quarter that will be a record since 2006. and mark the sixth straight quarter we have seen more and more companies give negative guidance. we have seen the growth rate for the third quarter come down from 6.5% at the start of the quarter down to aernings growth rate of 3% today. >> what's that mean in terms of the stock market? does that mean the stock market is not cheap? bob pisani was saying a moment ago not that far off our record

highs and yet you have companies here coming and bringing their earnings guidance down. >> yeah. well, it is a balancing act. i would agree with john's rough numbers on s&p earnings growth and i think what that tells you is that foundation of corporate earnings is not the growth in that, not keeping up with stock market performance. obviously the market up in the high teens and low 20s at this point. you know, the market has gonewhelm beyond support levels for -- or provided by earnings growth. i mean, that tells threw is a fed monetary premium in there which i agree with and gets to the other side of the balancing act where -- you are balancing potential slowdown and foundation of stock market prices and corporate earnings. with the fact that -- you know, we don't believe the fed is going anywhere any time soon. whether or not they pull back their bond buying or whatever it is they are going to do. unemployment is high. inflation is low at the moment. in a recipe bodes well for the fed to stay involved. >> right. obviously the fed's backstop, well understood point.

mutual fund the last if we have a bad earnings season, what kind of risk could we see in terms of down side for the stock market? >> it is always very difficult to predict those things. but suffice to say, at some point, something has to give. corporate earnings growth has to resume much more accelerated pace which is questionable given uncertainties in d.c. and general and economic growth. or stock prices come down. right now the market is getting a little bit expensive. it is not crazy expensive but it is not cheap like it used to be. >> i wonder, also, is there a common thread when companies are coming out and issuing this negative guidance? has there been a common theme they cited for that. >> a number of factors that are -- involved. a lot of it is on the global side. companies talking about more challenging foreign exchange rates versus the yen and emerging markets. global situation in particular as we know europe continues to be weak and emerging markets

really a mix performance for companies. some are doing well there and others are not doing so well. we saw that this past week. nike, not so good a performance in china. companies such as general mills, report ad few weeks back, had a strong performance in china. global situation is playing a role in the earnings situation. >> downside of globalized world. john michael, thank you very much for joining us. it all kicks off next week. we will wait and see. still ahead -- tropical storm karen is taking aim at the gulf coast. her latest path and impact on the energy markets coming up next. later on, it is ipo mania. you will not believe what a little birdie told julia boorstin. investors may want to break out the times. a delicious food chain making its debut. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit...

to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪

to help you take charge. the california teachers association. 150 years of making a difference that lasts a lifetime. extra curricular activities help provide a sense of identity and a path to success. joining the soccer team.

getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. a state of emergency is being declared in several areas of louisiana, mississippi and florida. tropical storm karen takes aim for the gulf coast. the weather channel's mark elliott has more. >> yeah. thanks. we have been watching this system getting organized over the past couple of days. the good news is that there's still several factors working against this system come together as a stronger storm. let's give you some of the current stats on karen right now. tropical storm karen. centered just to the south of the mississippi river by about 240 miles now.

i'm pointing over here because thestenter of the storm is displaced off to the west. all the big thunderstorms, what you seaver here, are on the eastern side of the system. winds still at 50 miles per hour. mostly underneath those thunderstorms and when you look at the path of the storm, this is the forecast for where the center will go. keep in mind a lot of the thunderstorms are, again, displaced off to the eastern side. when we follow this up towards the gulf coast states and as it slows down over the next couple of days, we will have to keep in mind a lot of the rain, lot of the wind and lot of the impacts here, will be on the eastern side of the system. we have those tropical storm warnings and hurricane watches still in play across the gulf. back to you. >> thank you so much for that. karen is already having some impact on the energy markets. let's get straight to sharon epperson at the nynex. >> traders are watching the eastern track as well. and they are looking at the oil and gas installations there. we are looking at prices right now that are definitely

supported by the tropical storm and traders are watching to see what kind of impact it will have. already we are seeing some companies shutting production in the area. keep in mind the gulf of mexico accounts for 19% of the u.s. oil production and 6% of natural gas production. we are not seeing as great an impact on natural gas. we are seeing that in -- the oil and gas firms that are in the gulf of mexico, they are down to now about 80% of their average daily output. that's due to tropical storm karen. specifically what are some companies doing? bp has already announced that it is shutting production in its facilities there. in the deep water, bp is the largest producer there. deep water gulf. is shell, chevron and a number of other companies have evacuated nonessential workers as well. so they are watching it very carefully. but right now as you heard, karen weakening and could

strengthen over the weekend. will continue to watch what impact that has on the oil and gas installations and what that means to prices when traders come back to the floor monday. >> we certainly will. thank you very much for that. let's get straight out to los angeles where jane wells has some breaking news for us. >> well, the government shutdown now impacting the nation's largest defense contractor, lockheed martin. saying that it has targeted 3,000 employees for furlough beginning monday and saying that number will increase weekly as long as there is a shutdown. this includes employees who are unable to work because the government facility where they work at has been shut down or need government inspections that cannot be completed or received a stop order for work. in an effort to minimize the impact on our please, we are directing affected employees to use available vacation time so that they can continue to receive their pay and benefits. we hope congress and

administration are able to resolve the situation as soon as possible. interesting thing here is that there is already talk that once the shutdown is over, government workers who have been furloughed could get their back pay. that's what happened last time the government was shut down. the question is for these private sector employees, if they are furloughed and run out of vacation time, will is no sense that they will get any back pay once this is resolved. >> certainly no guarantee and certainly to keep an eye on. we noticed the stock was not not much movement and down down .4% today. thank you for the breaking news. #ipo. you won't believe who julia boorstin ran into at the twitter hq. would you like to tell us? >> well, mandy, i saw nasdaq's ceo bob greifeld heading into meetings behind me. twitter's ipo will be interesting for a number of people. i asked him what his agenda was for the day. he said he just happened to be

in the neighborhood but clearly right now greifeld is pitching twitter on the nasdaq exchange. twitter is still considering its options but leaning towards the new york stock exchange. the nasdaq and new york stock exchange aren't the only ones watching how twitter's ipo goes. it could influence the timing and planning of another ipo's expected in the next year. cloud storage companies are expected to ipo soon. box, raised more than $300 million, recently brought in some new finance executives and drop box which raised $250 million at a valuation of $4 billion which could theoretically help delay an ip sxo ceo has talked about some of the advantages of going public. twitter's chairman, jack dorsey, could also be looking at bringing his other companies square where he is ceo public. they process more than $12 billion in payments annually and

last year hired a new cfo. next ipo could be in the game space. the maker of that hit game candy crush king reportedly has already filed confidentially sec to go public and followed by robeo who makes angry birds and kabam. we will be watching to see which one of the guys comes next. my money is on king. >> you know, just happens to be in the neighborhood. #worst excuse ever. speaking of ipos, potbelly began trading today on the nasdaq. and promptly more than doubled in the first few hours of trade. for those investors watering at mouth at the prospect of buying this stock, herb greenberg is here and has warnings for you. herb, don't rain on this parade, please. come on. >> well, mandy, you know, i have to tell you, when you take a look at this, it is -- a company that has a great story to tell. you know, rising sales.

got profits and pedigree with its -- private equity firm backing it. but when you take a lower look at stuff like you take a same-store sales for the first six months of the year, up 1.2%, compared with 4.8% first six months of last year. so you start looking at that and people say who cares about the same-store sales because this company puts up a bunch of new stores. and that's where this gets interesting for all restaurants. we don't know how the sites are going to be. what kind of real estate they are going to get. have you private companies out there like jimmy johns, sort of similar concept, which has 1600 stores versus 300 here. you don't know if they have better sites already. so you know, look, this is a highly speculative market. these companies not just potbelly. so many come into the market and when it gets to restaurants, you know, you got your pineras and cosis. they are all not paneras. >> once the restaurants go

public, expand and grow real quick, keep it all going, but it is location, location, location. make an excellent point that not all sides are made equal. >> you know, gordon segala who founded crate & barrel, he told me the reason he stayed private is because he didn't want people telling him how fast to put up stores and when -- you know, so he could pick the locations himself. one of the great stories in this retail actually, restoration hardware. not this time around. original ipo. look, we know that had is a highly competitive space with restaurants. we -- we don't know how potbelly will do. they have good sandwiches. they got good salads. but how that translates to the stock a year from now, that's going to be the real story. >> thank you very much for raising the red flag. we will take a closer look. herb greenberg. still ahead, reviews are in and it is not looking pretty for what was expected to be one of the year's hottest tech toys who may be a bust. that's all ahead.

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, isn't that what retirement should be, paying ourselves to do what we love? ♪ transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business.

vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve.

the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. the first reviews are in for samsung's new smartwatch. the reviews are not flattering. they say it is a dud.

mob will buy this and nobody should. he went to say the design is inconsistent and frustrating. ouch. tell us what you really think. he reiterated his dislike on "squawk on the street" this morning. the watch is officially on sale today. let me bring in dominick chu. this was like samsung's big shot at it to try to beat apple to the chase. >> absolutely. >> that's a really bad review. >> it is a tough one. and when he said that nobody ask going to buy this and nobody should, it is interesting because we went to the apple flagship store in manhattan in times square. now granted the business hours, maybe not a lot of people are there. it is a tourist spot and expect some traffic. we didn't see any lines whatsoever there. second of all, they had a very limited supply of them. they are expecting the quantities to be refreshed throughout the course of the afternoon. and as of late this morning, when i left the facility, they had not sold one. zero sales through about noon today. so, again, when you talk about

the reviews, what's interest being this, it only works in concert with the new samsung galaxy 3 smartphone. bigger version. they sold handful of those. demand for smartphone but not the watch. >> i see. a big eight-page spread in "usa today" as well. >> they are making a huge push for this. the question then becomes what does this mean for other wearables? are there other wearables that could have some kind of traction? i will say this, to be fair. this just one store in new york city. also, you have to think about what happens when people actually do start getting out of work. the team there expect that's could see a rush and at least a push towards the late afternoon. and because that's when people get out work and that's when people can go and take a look at those phones and buy. when we saw it, it is an interesting concept but not a lot of consumer demand. >> jury will have to be out on that one. dom will be sticking around as well. would years after steve jobs, has apple stock run out of

juice? we will debate that. snack attack. [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. with the mobile trader app. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service.

i'd like that. a new way to bank. a better way to save. ally bank.

provide edition of "straight

talk." stock upgraded to overweight from mutual. what do we know about this stock? >> all about mobile. that's why the analysts like it. more mobile and hiring mobile executives to make the push. open table could be one of those next really mobile companies that really makes it. >> absolutely right. >> cruise lines. got a number of them here. getting initiation over at some trust robertson and hum provide. >> spectrum. norwegian cruise lines on the upper side of things, they have pricing power. that's what the analysts think. you get a hold rating for the middle line. royal caribbean and then carnival, budget line but own a lot. homand america and own princess. these guys have a lot of impact but still maybe some brand impact from the costa concordia. >> i had a great experience on a carnival cruise line. exxon. >> blue chip of blue chips.

that's why he likes it. that gets the only strong buy rating. they say even if oil prices come down it is a refuge, blue chip, hiding place, if you will, in the sector. >> favorable data from ongoing study of a new multiples sclerosis treatment. looking good. >> you can see that. this is the ms treatment they are talking about. shares are up 2.5%. studies are favorable. and analysts think this could dominate the multiple sclerosis drug market. this is a big deal if they can get this drug really ramped up. >> today's under the radar pick is little fuse. i hadn't even heard of it before. >> it is a $1.5 billion company. they cover circuits. anything electronic in minding, semi conductors, anything that has a circuit, protective casing or covering, these guys make it. stock is up 1%. it is a cyclical play. these things start to ramp up if the overall economy and production goes up, all of these

different times. >> thank you very much. it was two years ago today that the world lost steve jobs. shares of apple are only up around 26% since then. nasdaq more than doubled that. let's start talking numbers. on the technicals, abigail doolittle. thank you for joining us. gina, what are apple's prospects in the post-jobs era from here? >> up until now, apple's obviously been a laggard. they have had five straight quarters of declining margins. on top of that, you have seen very close substitutes coming in trying to take their cake. so on speak. in the process of that there is a concern there may be lack of innovation at apple. so all of these things sort of culminate in 2 fact there is not a lot of protection for their revenues. two-thirds of the revenue come from iphones.

add a p/e of 12 times a lot of that got priced in over the last 12 months. and we could be looking at a potential bottom. a few different reasons for catalysts. one is carl icahn. she pushing for a major buyback. most importantly, there is a potential china mobile deal out there and that could be a huge deal for apple. and, of course, we have a launch of the positive 5s and 5 dws c phones. highly priced phones and could help fix that margin problem. they are expected to sell somewhat between $5 1 sxhl 54 million. anything above that would be a huge hit. we are seeing sentiment turnaround on apple. i think that there's more upside from here than there is downside. >> more upside from here than downside. of course, china mobile, deal with them would be the big 800-pound gorilla in the room. more upside or downside? >> these charts are bullish and suggest apple is likely to be back above 600 within a year. if not significantly sooner for

a few reasons. first we pull up a daily chart most importantly we see that apple is reversing last year's severe downtrend. this tells us that the buyers are taking control from the sellers. this is bullish. second, it is happening on a rounding bottom. important about this pattern, multimonth pattern and tells us that those buyers are serious. thoughtful and here for the medium to long term and not just trading the stock. it supports the idea the pattern could succeed in hitting its $643 target. taking it to the near term, though, interesting, apple put in a golden cross. this is when the 50-day moving average goes up through the 200-day and tells us that there is a lot of bullish buying momentum. what makes this pattern interesting, to me, one-year, perfect inverse to last year's death cross. that pattern presented a 30% and more than 30% decline in shares. i think apple's golden cross is telling us that this stock is set to rise 30% or more in the year ahead. >> okay.

prefer golden cross than death cross. you were saying that there is a potential -- we have icahn, heavy activism push here. he wants that $150 -- $is 50 billion buyback. how successful do you think he will be? >> i think there is a lot of resistance there. so apple has already done some major buybacks. i am not sure that's necessarily the number one reason to be bullish on apple. i put more of my stock in the china mobile deal. and the sale -- launch of the 5c and 5s. >> thank you very much for joining us. enjoy your weekend. still ahead, while he never lived there, brad pitt has everything to do with one mega-home that just hit the market. we are taking you inside. friday fun. what's coming up on the "closing bell"? i bet you were wishing you were here with me with the coronas and vodkas. >> i do. sounds like good start to the weekend.

obama care is relying leftly on getting young adults to sign up. coming up, we are going to hear from somebody who says the affordable care act is a ponzi scheme for young americans. to hear from one owner of a d.c. restaurant offering government workers a free pizza. will is a catch. members of congress, they are not welcome. all that and more. kelly evans joining me once again for the "closing bell." i am today by luck. i put in the hours and built a strong reputation in the industry. i set goals and worked hard to meet them. i've made my success happen. so when it comes to my investments, i'm supposed to just hand it over to a broker and back away? that's not gonna happen. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want.

talk to us today.

the pursuit of a better tomorrow is something we all share. but who can help you find your own path? who can build you a plan, not just a pie chart? who can help keep your investments on course, whatever lies ahead? that someone is a morgan stanley financial advisor. and we're ready to work for you. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow.

go national. go like a pro. it is one of the most expensive homes on the market. while he never actually lived there, it has a lot to do with brad pitt. robert prank reports. ♪ >> reporter: it is the mega-home version of a log cabin in the mountains. the big black foot river ranch in montana has just come on the market. it has five buildings all done in rustic chic, wood and stone. the main house is 5,400 square

feet. four bedrooms with massive fireplaces, built-in barbecue, hot tubs, and media center. the clubhouse is over 4,000 square feet, built with giant timbers from british columbia and stones the size of cars. it has hand-carved bar, pool table, and an exercise area. the property also has a historic barn with a stage for performances. a stable for six horses and a river pavilion for having a drink and looking out over the property's central feature -- the black foot river. black foot was made famous by brad pitt in the film "river runs through it." the river still has a special place in the hearts of fly fishers. the property stretches over 612 acres and joins national parks so you get miles and miles of trails and wilderness to explore. price tag -- $15 million. fly fishing rod is not included. >> i have one question for you. did you choose that music?

>> no. i didn't choose the music. >> that was terrible. >> we will get better music next time. h&m the company that's brokering this, tells us that ranches have become huge with the wealthy. great investments. they like a lot of land. it is stable. they can get income and enjoy it with fishing, horseback riding and tons of trails. this has become very big among the wealthy to buy the big ranches. >> still ahead, friday afternoon. 80 degrees in new york. it also just happens to be national taco day.

i want to show you what's going would the dow jones today. disney and boeing right now. looks like a good day for the dow. s&p and nasdaq is also higher. guess what. we found the perfect friday for you. check out starts of

constellation brands. they are hitting a new high today. trading levels not seen since the ipo in 1973. constellation is the parent after wide range of boozey brands including robert mondavi. it is national vodka day. happy national vodka day. they also make corona. what goes perfect with a corona? tack owe tacos day. we had our next guest come up with his favorite taco stuff. a man after my own heart. i was eating tostitos myself last night which is from the company you picked today. >> who is out there wasting time deciding this is national taco day? all of us love national taco day. my top pick in this sector is pepsi. we looked at five different names. i didn't hate any of these going in. pepsi with the 2.58% dividend,

40% of the salty snack market globally with frito-lay. we can tie that into tacos obviously. my next pick in the group would probably be yombands. it is reflected in the chart. it does seem to be coming from the lower end of the chart. i think 74 is probably a decent target in yum brands. chipotle. i missed this. it has been on a one-way rocket ship for a year. the question to me is that -- are people going to continue to pony up extra money for what chipotle sells which is free range pinto beans or whatever -- well-grown, you know, proteins, hormone-free. i don't know if that's a good idea long term but i still like it. hormel sells the cheese for tack

owes. that's how we are tying it in. they sell spam. you have to botallico that makes spam and convinces people toite. i think that that's not a bad play going forward as well, too. the last one is dash fiesta. frgi. they have -- two casual dining options. one is mexican and one caribbean themed. they have been trading a year. it has been on a rocket ship also. to me i have to know more about it before i want to jump on at these levels. of the group i like pepsi the best. throwing in with the ten-year yields going down, that 2.58% dividend looks better now indeed it does. would things. number one, i happen to like spam. i think it is delicious. i grew up on spam. number two, recently we were talking on street signs about the gluten-free craze. i'm wondering for what had is for corn-based products. >> i think it is a big deal i'm gluten-free. down here on the trading floor,

perspective is from a lot of different people. more local mexican places are crowded every day for lunch. i talk to a lot of people saying they are trying to steer clear of gluten and steer clear of bread. i think it is a big deal and think it is the tail end of the mexican names. >> great to have you on the show. thank you very much for joining us. >> thank you. >> have some tack owes. >> i will. >> tack owes with soft drinks as well. new note from jpmorgan. soft drink categories are putting up the worst performance they have ever seen. what does that mean for the big soda players like coke? what should you be doing there with the stocks? joining us is the man that wrote the note. john, is this a worrying trend for names like coke and pepsi? which by the way was the favorite pick in terms of taco play a moment ago. what does it mean for hem? >> pepsi isn't just a good taco play. it is my favorite stock as well on the beverage side. actually the only overweight rated stock i have in beverages. it is going to be a problem because what's happening now is consumers have been turning away from carbonated soft drinks for

about 10, 15 years. >> which is a good thing in terms of our health but not good in terms of the stocks. >> exactly right. what happened is carbonated drinks were the base. that's what everyone was drinking. now you have teas and coffees, sports drinks, energy drinks, all these other things, people sports drink, other things, people say, i like the variety. i want to try different things so carbonated drinks grp going down anyway, obesity headwind and aspertame has accelerated this decline. it's not a massive problem for the group but you can see is they need to basically move more aggressively into other categories, like waters, teas, et cetera but they need to focus on driving profits. the u.s. can be a profitable market even if the soft drink industry declins every year, which i think it will. >> who has been doing the best out of this group, product

diversification to not rely so much on the soft drink category? >> it was pepsi, who owns frito-lays. they basically moved more into the food. they also have a slightly greater focus on what they call healthier food. there are debates like gatorade, a sports drink, is it healthier? they have quaker as a trademark, done incredibly well. you look pepsi has diversified better. pepsi also has been a little more realistic about the hurdles facing the north american carbonated soft drink industry and focused more on soft drinks than coke. >> are there health problems with energy drinks? we've had concerns raised about monster beverages, et cetera, in the past? >> are there health risks? the same health ricks in terms of carbonated beverages in general. if you have people with specific problems, energy driks can be a risk.

we know that. from a regulation standpoint, i expect we'll see a little more regulation on the marketing of the energy drink side. my take to is, you know -- i think people understand the health ricks. it's generally an 18 to 24-year-old male targeted product. i think it's going to limit growth going forward but still a lot of opportunity in energy. >> coca-cola has been underperforming the market. it's only up 2.5% year to date. a neutral rate on it, 43 buck price tag. do you think they were slow in seeing this trend away from carbonated drinks or is there another problem? >> we've seen developing markets decline as well. that's been a problem. coke is tied to carbonated soft drinks. it's the history of the company, the lettingcy of the company. they want to stick with it as long as they request. i think that's why they've been slow to move. investors will get slow to recover. they say, we're still about profits in the u.s. it will be a better balance. that's what we're hoping for. >> thank you for joining us today. >> thanks for having me.

>> up next, the three most outrageous stories this week.

if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems,

serious allergic reactions, and new or worsening heart failure have occurred. before starting humira , your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores. you should not start humira if you have any kind of infection. ask your doctor if humira can work for you. this imira at work. let's take a look at what the dow jones industrial value is up to. it's currently at session highs moving up by 83 points as bob

pisani was saying. washington was saying, the two sides might get their act together. good luck to them, is all i'll say. another outrageous week of outrageous headlines. panda cam to multimillion dollar bling. here to break is down is jenny and robert frank. first of all, welcome. thank you for joining us today. story number one, pandemonium, panda cam shut down. they were nonessential. what do you make of this? >> i completely disagree. i think the pandas are super essential. i can understand the furloughing of the armadillo cam because they're not so cute but in this depressing world, i like seeing the pandas. they're cute, cuddly, furry, sometimes i feel like i look like them when i wake up in the morning. i need them. >> are you saying some animals are better than others? >> i might be. >> armadillo fans are going to be hating you. >> i found a modern farmer has a

goat cam for those going through animal withdrawal. goats are much more interesting than pandas. four of the goats are pregnant. so, they're just -- they're having more fun than the pandas -- >> you're gender-specific now even. >> i'm saying maybe the reason the pandas never got pregnant is because they were filmed the whole time. maybe that's it. >> this is a scientific fact, they have low lo lobido. >> and now that the panda cam is off, maybe we'll get panda babies. >> a job offer from queen latifah. i thought it was unprofessional behavior. >> i thought she was brilliant. i've seen the retort from her former employer. you don't think he'll get an offer from queen latifah?

>> no. >> the dancing is amazing. maybe she didn't work enough because she was practicing her dance moves. she's scary good. i had to do a dance video, i could. >> for those who are joining us on radio, i apologize. it's a really good video. they can check it out later. >> another story, big blig. $55 million necklace going on sale in singapore. >> i want it. it's like to me the person who will buy it will be a female, somebody who has in excess of $100, $200, $300 million. >> this how cynical i've gotten as a wealth reporter. it's not going to be a woman who loves to wear it. it's going to a russian oligar, a chinese mafia guy and this is the perfect money laundering --

>> and he'll give it to a woman -- >> this isn't one to wear. >> what do you mean? >> 400 carats. >>ly wear it willingly. me. here it is. >> you can't go to walmart wearing this. you need a whole -- >> a team. >> yes. there is a dark and sinister side to this. this was discovered in congo with child labor. >> a child girl discovered this. a girl is walking along, see -- oh, 400 carat diamond. there it is. i don't think she'll get much of this money. >> it should be the finders keepers rule. >> absolutely, finders keepers. jenny real pleasure to meet you. we can catch you at 9 a.m. >> sirius/xm. >> thank you. we're finishing on a good note. nasdaq is up by 1% right now.

s&p 500 is up 0.7%. dow posting its best gain in two-plus weeks today. on that note, everybody, have a safe and happy weekend. thank you so much for joining us today on "street signs." "closing bell" is next and see you on monday. women come . welcome back to "closing bell." i'm bill griffeth. >> maria bartiromo will be back on monday. is the stock market's message that breaching the debt ceiling is not a real threat? house speaker john boehner talking tough on the shutdown but not much about the debt ceiling and if the tape is right, should you be buying stocks at this level? we'll have the latest. >> also, will young people follow twitter into the stock market now that they have filed