we should up the s&p 500 is up about 0.58 everybody and the ten-year yield is at 2.53%. that's where the big whipsaw occurred in today's trading session, ty, because of those two revisions to the ism report. >> a very interesting hour, sue. we'll see you when you get back here to headquarters. that will do it for "power lunch." "street signs" begins now. another day, another record high, welcome to "street signs." we've got everything from the new epa rules to the author of a fascinating new book who says we are a nation paralyzed, because even bad old laws can't be killed. plus the latest on the increasingly bizarre story on the inside trading investigation. and if you cannot make it

to -- ♪ san francisco you know the recent through the s&p transports and even the dow industrials hitting new all-time highs earlier on. if you are a betting person on a june swoon, recent history is actually on your side. we have had across the board monthly gains in only two of the past ten junes, 2012 and 2004. the rest were either mixed or lower, of course we're only just starting in this month, ryan. the rest will be history. >> yes, it will. the top corporate story this hour, and it is fair to call it a medium-sized story, i suppose. let's go out to california. will they wow us once again. we are joined by josh lipton. i'm not knocking apple, but i'm kind of knocking appear the. nice tweaks to the operating

system. will we get something big today this. >> reporter: i think something to remember it's not so much on the hardware updates, but exactly what it's called, a developers conference, focusing on software updates that could lay the foundation for products you might see in the back half of the year. this talk of continuity mean more integrate -- for example, you can now take a call on the mac. federighi demonstrated that by calling dr. dre. so we're just getting into that right now. i think to your point we're still waiting to hear about other bells and whistles, as well as some of the wild cards that are still out there.

>> in other words, being ability to control the home being appliances. certainly a very hot topic here in silicon valley. we'll by eyeing this and give you updates. >> thank you, for the headlines and we'll continue to watch the latest developments. in the meantime, i would like to bring in eric hissen dahl, bgc, thank you very much for joining us today. you only have a hold rating on apple with a price targets, so let's say you're not a rabid supporter, so is there anything you've heard that makes you more excited about it? >> you know, to be fair, there are times when we like apple and times we would stay away from it, and given the current run, we would be careful, particularly because apple tends to suffer from, you know, buy the rumor, sell the news. the announcements that are coming today, have all been widely expected, and all that's

left after the stock split next week is the june quarter results, which tend to be seasonally weak, because the product cycle is getting old. >> colin, quickly on the product cycle, tablets has the ipad peaked? >> i wouldn't say it's peaed, but certainly the market is slowing down. if you actually look at the growth in smartphones, that's also slowing down. in the march quarter, you know, we saw good iphone sales, but still below the industry average. that tablet number in the march quarter, the decline was particularly nate surprise, so we have to watch how those trends play out in the june quarter. so again, we're looking for a pullblack. >> i'm going to plagiarize from brian, it's a medium event, not a big event.

>> i'm pretty that is not going to make it any more different to tell more devices if and when they come. lays the groundwork, and then it comes back ahead of the back to school, ahead of the holiday season and hardware, new phones, new macs, new tab lest. and i hear mom and pop at home, are they going to care about these tweaks? we've been monitoring the developments here. working on one thing, and then

seemingly switch to another. >> that's going to save you money. by the way, it's going to keep you happy and keep you from switching to android. by the way, there's been a lot of -- >> i already do that -- by the way, i got rid of my tablet, because i created stuff on my mac book a lot better. doesn't it already do that in i cloud? >> it does, but there's a lot more tight integrate. i think some features are kind of a catch-up thing, the ability to send large e-mail attachments. they added an icloud drive features, which sounds something like google drive or dropbox, but there's a lot more tight integrate. we haven't heard anything on the long rumored wearable device and long-rumored home control situation. that's been in the they're still talking.

start to think about merging those two operating systems. that's going to be something that they're going to have to keep working towards. >> eric and colin, thank you very much for joining us. nbc news group is a minority stakeholder. we have a partnership sharing partnership as well. and we'll bring you more developments throughout the hour. or stay here and we can just

tell you because it's television. >> maybe they can check it out later on in the day. back to the market. 9 institute for supply and management released the manufacturing index this morning and then revised it two separate times throughout the trading day. the ism came in orangely at 53.2, then to re-revised to 55.4. the company says a software error sparked the first revision. it's not pleadly clear why that number was corrected for a second time. another story grabbing headlines, the increasing bizarre records of the inside irtrading investigation involving carl eye bomb, phil mickelson and bill walters. our scott cohn has been working the story. what do we know? >> one thing is this investigation got even more challenging, bauer we're all talking about it. which could explain the pretty public questions. one theory i'm now hearing is

they saw the stories coming up, and made a last-ditch attempt to shake him loose. >> i've done absolutely nothing wrong. that's why i've been fully cooperating with the fbi agents and i'm happy to do so in the future too until this gets resolved. for right now, and hopefully it will be soon, about you for right now i can't talk much about it. >> gambler billy walters seen here in 2010 says he is innocent and it is preposterous to think otherwise. carl icahn says he's never given out inside information and his record is un3w4re78ished, but the trading here does raise some eyebrows. take a look at the stock of clorox in 12011. in february carl icahn reveals he's committed at a 9% stake and the stock go up. july 14th, he launches a full-blown takeover bid, but look just before that, the little bump right before that. toic is already moving, because

someone was making huge bets on clorox options just days before the options were to expire. it is hard to imagine anyone making that kind of bet without knowing something. that seems to be what has the feds raising questions. so four days, people are like making potential multimillion dollar bets that clorox stock is going to go up. >> a lot of questions there, we need some answers. stick around, scott. let's bring in herb greenberg. let's step back from the details of this particular case, taking out whether or not they're guilty or innocent, do you feel there's a bit too much witch-hunting going on? >> i think that's the danger here that you hit this point of where can you, you know, talk to people. you may own shares in the stock. where does that become an insider trading issue? and if it does become an issue,

when do you shut down the pipeline of information. we saw that in the past insider trading trials when you saw wall street clamp way down in the way they would deal with information, so, yes. >> lets, to mandy's poly, it is difficult to define. if i'm the ceo and i tell mandy we're going to do, than clearly insider trading. if you overhear us talks about a deal, you're probably not guilty of insider trading. what they call privity does not exist. you don't know i have a fiduciary duty. you don't know where the information came from. >> it's not that hard to define after all, is it? >> it depends on how he got it, if he got any information at all. if he said it that's one thing. but mickelson has no clue -- >> he's suppose if mickelson

knows. >> why were they greeting him at teterboro airport? >> because they supposedly wanted to flip him. if they believe that mickelson knew from walters that walters got the information from icahn and that was material inside information that walters was not entitled to know, then mickelson could be guilty of insider trading, but again he supposedly has been told he's not a target. >> who does carl icahn have a duty to? >> that gets back to -- >> to everybody. >> to everybody? >> everybody. >> he's kind of like an outsider. >> actually i think kate kelly brought up a great point when she was on air earlier. she talked about his responsibility to the investors in icahn intersurprises, which i don't think anyone was thinking about, and that sort of hinted to a different issue. if you already own -- and my law

school degree is dusty. >> but you're one up on us -- >> no, that's the most dangerous man in the world, somebody with a law degree and not practices. icahn already owned clorox. if he was thinking about it -- and iably hef owned a bunch of it. >> 9.1%. >> so in some ways a fiduciary to that company -- >> he's not an insider. >> no, but if you have to file an s.e.c. firm stating a certain beneficial ownership of a company, i believe -- >> what happens if then your obligation changes. >> does he have a duty? -- >> he hasn't made a tender offer. so he doesn't necessarily have a duty to that. clearly they see expect they'll

do what he does, and if he just happens to be giving it out to a billy walters, you know, is he taken information. when you have fbi agents meeting one of the famous golfers meeting at the airport, you've got a story, son. >> a story with many more chapters. >> with the white house -- with sweeping new environmental -- we're going to debate the real impact. >> and it is mystery chart time. can you name this stop? it is the best performer inned s&p 500 over the past 30 days. the answer, later in the show. herb, if you know it, don't say it. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better

and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies.

we want to get back out to josh lim josh limiten at the apple conference. what are we hearing? >> we're hearing this theme of continuity, this idea of greater integration between the mac and other apple devices. the idea, for example, that you can now take a call on your mac and apple's ted federighi demonstrated that. take a listen. [ phone ringing ] >> hello?

>> wow. hey, it's craig federighi here. >> hey, how are you doing? this is dre. >> hey, doctor, you're on my phone via mac with over 6,000 amazing developers. we all want to welcome you to apple. [ cheers and applause ] >> reporter: so there getting a warm welcome from the 5,000 developers, also just getting word they're previewing the ios 8, the new mobile operating system. that will come with a health app. long rumored, clearly a lot of interest throughout the valley, throughout big tech when it comes to different app.s that can track your health and fitness. no mention yesterday of a wearable, but this would suggest a wearable could be coming in the back half of the year. >> josh, thank you very much. meantime, the obama administration launching sweeping new changes. let's go to john harwood with

more. >> reporter: whether you call it a war on coal or on climate change, this administration have been promising for some time since cap and trade failed to advance in the congress. what was laid out today was a regulatory proposal the regulation has been blessed by the supreme court -- the authority for the epa has been blessed to cut carbon emoigz by 30% by the year 2030 from 2005 levels. it would provide state by state targets and flexibility to meet those targets. every state would have to produce its own plan. the epa will also solicit comment on a somewhat less ambitious plan with a different timetable, but either way jena mccarthy said there's no other alternative but to act. >> this is about protecting our health, and it is about protecting our homes. this is about protecting local economies, and it's about

protecting job. >> reporter: coal is clearly the target, because coal plants are the biggest emitters of carbon. that industry has been under challenge already. you're going to hear a lot of pushback from politicians, mitch mcconnell among them, as well as from industry, they came out saying this would cost the economy $50 billion a your. now the administration argues two things in response, one there will be jobs created in new renewable energies, and the consumer electric bills will go down in an offsetting way because of the energy efficiency, but they're also emphasizing the public health benefits of this in addition to the climate benefits. that's why president obama right now is on a conference call with the american lung association to try to tout the health benefits of this, guys. >> thank you very much, john harwood. will the changes make a huge business? let's bring in tyson slocum, and

jim. great to have you with us. tyson, do you feel the new rules go far enough? >> i think they could go even further. since 2005, emissions have gone down by is a%. even before the rules kick in, we're already halfway to the finish line, but that said the rules will not have a negative impact on consumers, because they give so much flexibility to come up with plans, include energy efficiency, renewable energy deployment, investments in the grid to offset coal emissions, so this plan is not going to result in immediate shutdown of cough-fired plants, instead it would get a clear road map that the utility industry is in desperate need of the utility makes investments on up to a 30 or 40-year time frame. they needed a road map of what

the regulatory landscape is going to look like. now that they have it, they've got incentives to work with states to get it done. >> jim, do you agree with that, that this is not going to raise energy costs for you, me and everyone else who was out there watching this? >> well, you know, the whole point of this plan, and it's sort of like the obama's original cap-and-trade plan, but sort of send down to the states, because a lot of states will probably adopt the cap-and-trade plan, either create it or join one of the existing networks. the way i think this is a cap-and-trade plan, it's just been pushed down to the state level. remember the whole point is to raise energy prices from -- >> no, it is not. >> create incentives for clean energy. in the history of these cap-and-trade systems, they don't really do much to reduce carbon emissions. >> if you would let me finish my point. if you really want to do something, you want you need more investment, you're going to

need a lot more federal public investment and that's not in this plan. >> i completely agree that we need more federal dollars, but congress is nowhere close to having any bipartisan agreement on what to do about a gnarl center plant. the supreme court said the epa has to regulate these rules and the timetable that the administration put out there, a 30% reduction gives states more than a decade to put together this plan to focus on energy efficiency. we just talked about all the of the technologies at the apple event that will be focused on energy fish involving more and different types of technologies to make our energy use much smarter. the fact is this plan is not about raising prices. the goals are too modest. >> that's the whole point. >> but they're -- >> just a second. time-out. jimmy?

>> that's not necessarily a bad thing. >> right. the fact is that coal plantssh -- are typewriter technology in a computer age. they have been eclipsed by superior competing, cheaper technologies -- natural gas comes in cheaper than coal, particularly with the capital costs. the city of austin just inkle an unbelievable inexpensive 150-megawatt solar deal. >> but there's very little evidence that the cap-and-trade programs -- do you want to look at california plant or in europe -- have been particularly effective. you have an influx of shale gas which resulted from innovation, not from carbon pricing. >> but this fixation, the states are not all going to adopt that. you're going to be probably 20 different varieties of approaching that i think are going to be very beneficial. >> listen, it's a good debade. someday we'll talk about nuclear. >> yes. >> nuclear innovation.

let's get perspective on this author of the fantastic book "the rule of nobody" which i recently finished. philip, great to have you on the show. i thought the book was eye-opening, scary and sad, and i'll tell you why. when i go through some of the examples in your book thats referenced by why we're paralyzed as a nation i wonder how we're going to fixed it. >> well, that's right, the rule of nobody. this has happened before in history. the only solution is to have these periods of radical simp link, where people clean out the old laws, and reset priorities, so we can do what our society needs today, not what we needed 40 years ago or 50 years ago. >> philip, here is the problem

with your book. when you say we need less regulation, and i think most of our audience would agree, atlantaly you'll probably by 'tacked, because people say he wants the private sector it run amok and destroy is -- you sort the automatically get boxed into a corner like you want -- and that's not the case. >> no. the question is to make regulation work. a teacher ought to have the authority to maintain order in the classroom. somebody at epa should have the authority to approve a new power line so we don't waste 7% of the electricity in an antiquated power grid. that's the qualify -- it's wasted because we have this ancient power grid in the northeast. so we have to give people the authority needed to fulfill their responsibilities. instead everyone is choking on this accumulated law, and

this -- this patchwork thing with the new regulation is just an example of the inability of congress to -- >> that's an excellent way, accumulated law, layer upon layer. how do we unwind all of that red tape when it's virtually impossible to get rid of some of these. >> we'll have to start a movement to unwind it. there are a lot of people who are already signed, jeb bush is out giving speeches about the need for sunset laws, citing my book. there are some prominent democrats talking about it. it's not a question of getting rid of government. it's making what government ought to do work effectively. right now government is just as paralyzed -- >> your example will the lifeguard being fired because he dared to rescue someone -- which

is laws without humanity, which is sad. back during the drought when farms were family owned, the american government passed laws so families wouldn't starve to death. that subsidy, billions a year, still exists, and is passed every couple years in a new farm bill by a bipar san congress generally, but most farms are now corporate. that's the kind of stuff you're talking about. it's antiquated. >> even really good programs that you want, like special education laws, well, they have morphed into now consuming 25% of the total k to 12 budget. >> as a mom december listen to this stat sped-ed kids are less than 1% of student bodies? >> no, no, there are twice as many as ought to be in the program. they're about 13%, but twice as many as there ought to be, and they're consuming 25% of the total k to 12 budget. there's almost nothing for early education, nothing for gifted kids. who is going to take care of the special education kids in the

future? it's the successful gifted kids. we have to teach them, too. >> and of course if anyone is interested, they can real your book as well. >> "the rule of nobody. ". >> thank you, philip howard. more headlines. it looks like a company taking an aim at snapchat. josh, if i send you an imessage, will it self-destruct in. >> reporter: walking through the different new bells and whistles, the new mobile operating system. we rather about predictive types, also new self-destructing messages, a clear shot at snapchat. i'm just looking at jan koomb, saying very flattering to see apple borrow, in quotes, numerous what's app. features, so he's taking a clear shot at apple. we're going to keep monitoring this feed, bringing you

headlines as they cross. >> thank you, josh. an investor is about to give his take on all this news, see if he's plussed or nonplussed. >> and the ceo will join us, and hi company is not a technology name. mystery monday returns right after this. we needed 30 new hires for our call center.

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many of these customers were switchers from anidroid. they had bought an android -- by mistake -- and then sought a better experience and better life. >> that was apple's ceo tim cook talking about android. apple has moved lower, but its the next guest's pick. he's joining us, and you don't just like apple. it is your number one pick. you have been pounding the table about this stock.

>> when you look at the entire sector, when you look at apple, all this news is whetting the appetite for the main entree. they're buying back shares. they are using this split, doing things to make themselves noticed. >> that means it's already priced in. >> over half. >> all this stuff is great, but to an extent it is an appetizer, but the mover will be the iphone

6. >> has it become an old-style tech company that it has to grown by acquisition. >> when you look at their cash flows, which they were criticized before, they're finding ways to use that capital, finding ways to either pay back their shareholders with a dividend increase. rather than put it to use, they're getting an og with it as well. >> dr. dre, c'mon. >> gosh, yes. >> my days -- i was thinking, o.g., is it an ebitda? >> it's part of the pros, but at the help the stock. >> we're about assen cool as they get. >> you're a lot uncooler than i am. thank you, matt. we're talking doughnuts. we're talking numbers. >> don't forget about our mystery chart, the best performer, and by the way, their

product might go well with a doughnut. stick around. ♪ ♪ drivers want to go further with their electrical vehicles. but you can't take a trip from lisbon to stockholm if you can't plan and re-charge along the way. the european commission is using cloud to make this possible. creating a single charging and billing network across 28 countries. so drivers can travel as far as they want to go and when they want to go. with all the opinions about stocks out there, how do you know which ones to follow?

the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies.

become the next business to discover the new new york. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed.

see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. no time for "street talk" because we were blabbering earlier on, so time for "talking numbers." krispy kreme, to the up side. shares up about five minutes, blah blah blah, let's get into talking numbers. nick, is kkd a good buy or not? >> i'm very cautious going into the quarter. bottom line, i think the numbers are two high right now, especially for the year, so i think we're set up for a risky quarter as well. i think there's a realistic

possibility that the comp could be negative. >> do you also see a down side on the charts as well, j.c.? >> looking at these charts, it's different to derive a directional conviction here. just look year to date, the stock is essentially flat. 20 1/2 on the up side, 16 1/2 on the down side. to me i really want to wait and see what the numbers are and follow cordially. if you look back at prior earnings season, we can expect -- and if we get a 10% move to the up side, we'll be breaking out of a monthly -- however if that move occurs on the down side, we'll be testing the lower support. this is one of those instances where i don't want to front-run the numbers. i want to sit back, and see what happens. >> taking a wait-and-see approach. thank you very much to both of you. be sure to check out the online edition as well. >> all right. we've been hearing lots of news

from apple today. culling up on "closing bell", we'll have walt moss burg, one to explain it all. what's he going to say? >> that's a very good question. you know, my impression has been, jan, right? >> bill, you're tough. >> well, i don't know. >> you're saying about ready to bed and it will close your door. that will not change your life? >> i guess it will. >> kelly, i will say this, and i agree with you, bill, and i think this is the beginning and maybe later on in the week. >> this is what we waited for? >> no, we have a couple more days, patience, though i have none, kelly, what you said is true. what nobody has made enough big deal about is the voice recognition, dictating, text and e-mails to me that's been one of the greatest productivity -- >> mandy, do you dictate? >> i do not, but he does a lot. that's why my e-mails come out 25% wrong. >> i don't yew it, about you we're behind the curve. >> bus mandy also lives in new

york and takes a limo back and forth and i drive myself. >> you can point to any number of these innovations, and a lot of incremental innovation coming out. a lot of buzz about it, a lot of interest, but as i tweeted out, even steve jobs would be bored with this presentation. >> they're going to save the best for last, and come out with a massive new hardware. >> start the buzz early or there will be no buzz. >> shares are responding. >> next month, right? >> there's a lot going on, even though there are no big -- it's not a tablet product if it won't invent -- but it seems to be enough if you take the verdict from the market. >> if they wait to unveil the brand-new mousetrap on wednesday, shame on them. you have to start the buzz early. >> as matt mccormick said, the big steak in the meal will be the iphone 6, and this had just

by the amuse bouche? >> we've heard this before. see you at the top of the hour. >> and by limousine, i think you mean the cnbc van. >> sensitive? >> a little sensitive. >> your limo driver told me you're sensitive. >> coming up -- >> exclusive interview with the ceo of the bone of the biggest chains. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. e

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the top leaders in the hotel industry are gathering in midtown manhattan today for the 36th annual nyu hospitality investment conference. simon hobbs is out there, hobnobbing -- excuse the pun. hey there, simon. >> indeed within the last few minutes we've had the first major business address to an audience of this size by the new new york city mayor bill de blasio. it was a fascinating experience. on the one hand he defend the the city's decision not to bid for the olympics in the future, saying if it ain't broke, don't fix it. we like where we are as a city, we don't need it, and then telling the assembles ceos, they

should be expending the reach of tourism within new york to a five bore rouse solutions which includes queens, the bronx and statenite, not just manhattan. joining me is jonathan, the host of this conference, it bears his father's name and a hotel owner in his own right. you brought super bowl here. should de blasio have brought the olympics sheer? >> there's a difference between super bowl and the olympics. i was involved in the last effort to get the olympics. the olympics, a lot of what the olympics would have brought to the new york city, we've done now. we've improved our infrastructure. we've done some housing, there are some new structures that were thought of during the olympics. super bowl is an event, the largest around the world. is the game was played in metlife stadium, provided $500 million of economic activity. it was a four-year buildup. >> but the olympics are even more. >> yes, but we are doing so much

now, as the mayor referred to, in terms of the infrastructure around an olympics. as we're seeing, it is a huge operation. and i tend to agree with the mayor. yes, we want more hotel development, yes, we want more of the travel and tourism community to expand. i'm not sure we need to do it with something as complex and expensive as the olympics. >> does he get it from a business context? we should remember of all the cities across this nation, the major cities, new york is lagging in the growth -- revenue per available room. san francisco has gone absolutely wild. boston has gone spotlightly wild. here, you guys as an industry cannot raise prices. >> we're adding more rooms, but as the mayor noted, they're not all in manhattan. the travel and tourism is about five boroughs. it's happening in brook ling, in the bronx. >> we will absorb the new rooms. we recently opened the loews.

we're doing well, the business will continue to come to new york, the demand generators, the reasons people want to come to new york are very, very strong, and it's about this growth that also is going to create jobs. every new hotel room, every new restaurant, it creates jobs. >> we're really tight on time because of the apple event, so let me ask you the other burning question. how is eli mansion's ankle? will he return sooner than we thought? >> we're excited, as co-owner, we think we had a good off-season, free agent and the draft was good for us. eli is walking around. he is ready to go and we're excited about the season in august with the preseason. >> congratulations on the conference. thank you very much for having us, jonathan tissue, at the head of loews hotels and the host of this conference. we'll get to the front lines on the war on cancer, after "street signs" returns after

this short break. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ]

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all right. a lot going on today including a big conference taking place in chicago right now. companies trying to come up with drugs and treatments to fight cancer. our biotech and pharma

meg turrell is there. >> i'm here with the ceo of insight. thanks so much for joining us. >> thank you. >> we saw your stock fall earlier and when you presented some data just now it's really coming back. seen a pop. explain your drug on the market and why that drug is looking so good to investors. >> what's happened this year is there's a lot of development coming from inside programs in a lot of different types so we have jackified in pv which means we'll be coming tomorrow and date. recall many this is happening, a new field of research, a look at onco inflammation and as we said

we had very important innovat n innovation, the innknow field i combination with other techniques. >> this partnering strategy really seems to be core to insight. tell us why you're partnered with so many other companies. >> i think it's really about a belief that the science will drive our success and the company is based on that, that if we have good science, good product, obviously we'll ultimately be successful, and what's happening now in the field of treatment of cancer is that everybody would aglee is that when you are able to combine products in a way that will be, you know, which is a combination. food, you can resultsate, so

anyone significance is the cause of success and we will be afreight to any. a combination of different dugs, different styness, will accept patients with cancer. >> one an lust just told me you're one of the street's faith rite mid--cap buyer names which leads to speculation you could be a takeover target. what do you say about that? what about the company's future there? >> our strategy is very clear. it's to create one of the leading biochemical companies of the future. we do that based on the belief that good discovery, research is in fact generating value for patients with patient, and, you know, investing in research today in cancer is a good thing. that's sort of the modal inside and we think we can do that fell why a very, very, very fire

fightable in the future. i really think it's important to look around anyway because it's a learn to -- it's a way to learn who other people are doing. we'll be looking at what new technologies are available and developed by other companies, and it could be not plan "a." it's about bringing our own -- our portfolio to success. we have today in onco study, we have two new aididing products, people are talking about here, it's already a big thinned to transform. >> back to you guys. >> meg turrell. now is the loft chance to guess today's mystery chart. this stock has been perking up

lately, the best performing stock lately over the last 30 days. the answer is next. te. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. become the next business to discover the new new york. honestly, the off-season isn't i've got a lot to do. that's why i got my surface. it's great for watching game film and drawing up plays. it's got onenote, so i can stay on top of my to-do list, which has been absolutely absurd since the big game. with skype, it's just really easy to stay in touch with the kids i work with. alright, russell you are good to go! alright, fellas. alright, russ. back to work!

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wondering, netflix, ea, trip adviser and one other stock are the best performers. trying to remember there's another one. netflix and trip adviser. >> that's the mystery shot. thanks so much for watching "street signs," everybody. >> "closing bell" starts right now. take care. welcome to "closing bell." i'm kelly evans on this mound down here at the new york stock exchange, bill. >> welcome back, kelly. >> good to be here. >> i'm bill griffith. the stuff you miss. let's remind everybody. any close higher for the dow or s&p would mean new highs for the averages. closed at all-time highs on friday. watching that developing story at this hour along with these stories. >> yes. the news continues to come out of apple's developer's