we did not have a good auction week. most did not do well. and that has pushed people back into the ten year note as had the jitters in the market earlier this morning. we're at a yield of 2.257% and transports are a little lower. >> that's it for street signs. -- that's it for power lunch. thank you so much for watching. >> and street signs begins now. welcome to the world cup post-game special. what a day. u.s. advances by losing. still it's fantastic and awesome. if you're just joining us, stocks are not fan fast titastf. and whether college really does

pay off about and a comeback story of the year. >> congratulations, america. let's get you caught up on today's big headlines. sfoks are in the red, but definitely off their lows. earlier on, we were looking at the dow biggest weekly drop in almost three months. consumer spends held back from weak spending. and ali baba has picked the new york stock exchange for it much awaited ipo. it will list under bbaba. >> never felt so good to lose, did it. and to honor our late great, we'll cheer on america even though we lost, we won. our market reporters are standing by.

bob, set the scene. was everybody just standing around watching? it's okay if they were. >> they were. normally all the screens down here had cnbc on, but this time for the last hour, all of it has been on the world cup. and a little disappointment on that. but a small cheer went up when it was announced ali baba had chosen the noew york stock exchange. that was beig news. don't know when it will go public. august most likely. by the way all the big banks are down. you heard about the new york attorney general basically suing barclays claiming they're a dark pool run for the advantage of high frequency traders. credit suisse also runs dark

pool. so does deutsche bank. they're all down. u.s. banks are down, as well. there are reports from the "wall street journal" that some customers of barclays dark pool are severing their relations there. b big question is whether business if general might decline. we'll have more on that later. well, there are a lot of ip ch ipoist are on u.s. market, but the highlight is gopro. >> definitely a lot of excitement at the nasdaq.st are the highlight is gopro. >> definitely a lot of excitement at the nasdaq.t are e highlight is gopro. >> definitely a lot of excitement at the nasdaq.are on highlight is gopro. >> definitely a lot of excitement at the nasdaq. up 31% on its first day. about 40 million shares have exchanged hands.

the self made billionaire emotional during the first minutes of trade. taking a step back, looking at the overall markets, nasdaq slightly lower on the day. retailers also lower after bed bath & beyond reported disappointed earnings. as we approach the end of the month, traders taking notify the comeback that we've seen in twitter, facebook, pandora. >> let's complete the hat trick and turn it over to rick santelli in chicago. >> i really like your comments about soccer. two things. first of all, can we get the cubs into a lead where you advance when you lose. and what about that dynamic reminds me the stock market, i'm sorry. listen, everybody is talking about the comments. i don't think the central bank is robbing from the poor. i think they're robbing from the middle class. and if i look at yields, we're basically at a one month low in

ten year yields. real spending is definitely bringing down second quarter gdp. so the stick where he threw away, we have the carrot, everybody continues to run after it. but i will he will you this, te administe3% gdp has remained elusive. did you know recent college grads make about $70,000 more than their peers without degrees? but many of those same grads are saddled with massive student loan debt. so is college really worth the cost? we're looking at new newspapeu on this. but first, there was a little matter of a soccer game last couple hours. and do that think wall street wasn't interested in what the rest of the world calls football. but the game is now over. so let's get back to work.

joining us, who we worried wasn't going to make it on time, and mark tepper, we welcome you from cleveland. so you traveled a long trip to be onset. >> i did. >> market has been odd. comments about the federal reserve robbing the reverse robinho robinhood. >> we still think the market has plenty of room to run. we think we're look at easy monetary policy. there are a lot of bears would argue we're looking at a forward pe multiple of 15.5 and that stocks are fully valued or maybe overvalued. due to the fact capital needs to chase yield, and there is nowhere else to make money, just a lack of investment alternative, we think that multiples could shoot up to about 17 before we would want to scale back. >> to be fair, the wears th sbe talk about valuation anymore.

i miss thouse days. they talk about the fed. they say everything will come crumb liling down when the fed pulls stum lipull pulls stimulus. >> and think the biggest concern is the rate. as far as we can see, i don't see that being an issue at least for the next few years. but, yeah, we're definitely paying pretty close attention to that. >> what do you think, dan? i think the market was quite spooked earlier on about the comments about inflation. it feels it 45s behas been cree up. >> depends what market you're talking about. no one is focused about the bond market from the standpoint ever the losses that investors will realize. the moment we get jittery, no

one worries about bonds. we sil haventill gotten the you euphoric -- it's the wrong question to ask. the risks are in the bond market. >> i'll dive in a little deeper. the bond market is big. so what part of the bond market are you talking about? corporate bonds, junk treasury, mortgages? >> let's take them one by one. if you buy corporate bond, best thing is that you buy your coupon. that's if everything stays the same. if interest rates start rising, you wipe out the coupon, you have capital losses. you'll eventually get your ka s capital back, but if a loaf of bread costs $10, it won't help

you. >> i know neither of you knew what you were going to be talking about, but you both love energy. and in a moment, we'll be talking about the impact of the government loosening up on the ban of u.s. crude oil exports. mark, which particular companies do you like and how are they impacted by this. >> we like the energy sector in general. chevron, con aocophillips. a lot of our clients exited successful businesses. so yields are very important for our clients. when you look at the energy sector, it makes up 13% of the market's earnings yet only 10% of the market cap weighting. so plenty of room to run. chevron 2013 was a peak year and they expect expenditures to flatten through 2016. >> and conocophillips already up

20% year to date. how much more? sglnk y >> i think you could see another 15%, 20%. >> best performing stock in the s&p 500 this year is it newfield exploration. >> our favorite name happens to be ox dental petroleum. it's underappreciated. last year was not a great year for nug shares. if. >> you're both in the midstream space. used to be the bhoring sector. >> that's right. but i think that what is different this time is that the

u.s. is at production levels that vice president ban seen since 1970. there is a growth story in our u.s. energy companies now. it won't only come from merger and acquisition. it will actually be taking our products and perhaps sending them out of the country. >> and we will continue this conversation after the break. thank you very much for joining us. as we're saying after the break, more on energy. slightly different angle, though. one of our guests say u.s. is about to spend million, but it will not affect gas prices. >> and time for today's mystery chart. do you know what this is? it's the into tnot a single sto. it happens to be the world's best performing stock market index this month. about speeds and feeds.

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bulldog: that's a ringer of a deal! radio announcer: mattress discounters 4th of july sale ends soon. i'll prices slipping moving further away from their nine font high. jackie, i understand everyone down there had their eyes glued to a certain game. >> they were managing to do both at one time. but the oil prices, of course they are sliding today along with the equity session here in the u.s.. brent getting closer to $113 a

barrel. iraqi still in focus and traders are worried about geopolitical instability, they're saying u untim we see a supplies can corruption, there is really not that much need to be plfrantic. also keep in mind the spread between brent and wte coi comin $7.5. so brent falling out of favor. also the domestic side here, wti prices now under $106 a barrel. we had the weak gdp number. traders concerned about that. also seeing always profit taking. we talked about the headlines about the u.s. possibly lifting the ban on exports. that caused a spike in prices because the idea would be that traders would -- buyers would clamor to buy cheaper oil. but traders telling me until washington actually makes a definitive decision, they're

really not going to worry about it. f so still volatility, but today a pause. >> of course they can do both. the cnbc app -- i know you don't believe in the internet, but the app does feature real time live tv. joining us now from houston, president of lipow oil associates. and dan dicker. dan, this export news, for the first time in 40 years, the u.s. will be allowed to export a certain type of oil. that is key here. got you all worked up. >> well, i think that in essence it ends the export ban. >> that's good news. >> whether betwegood news or no can argue both sides. but it is a major work around of congress on an export ban and

the truth is it was given especially to the benefit of a couple of e&p players and not to the benefit of the u.s. public. it's worked around on a ban in place for close to 40 years. >> i thought you called it stupid. >> well, is that what my -- what it is a lab of enerck of energyt i if gives a degree light to open up the spigots and been natural resources in five or six or seven years when they could have lasted 20 or 25.up the spi resources in five or six or seven years when they could have lasted 20 or 25. up see fire near and eog and continental drill as much as they can because they will take advantage of what has been a negative basis between global oil prices and domestic.

>> and do you think dap dicn di is getting his nickers in a twist over nothing? >> well, i disagree with him because first of all the department of commerce did not change by any means their definition of what is exportable. they reiterated the teach of equipment that you can send your oil through and have it become processed. and the amount of this type of equipment out there happens to be maybe a couple 100,000 barrels a day of capacity here in texas. so first of all, not every you producer is accessible to that and this type of equipment simply there is very little of it up in the bakken. after that, the producers somewhere have to send it down to corpus christi without company mink link it with all the other crude oil. so it's unclear the actual volume. frit with all the other crude o.

so it's unclear the actual volume. fr but my estimate is that at the end of year, perhaps only 50,000 barrels a day. >> what andy is saying is that there is no technology to turn the stuff to distill the tough. but this is going to be a brand new business. they will make a lot of money processing crude and transporting crude for export and in fact i think andy is wrong, we're going it sto see exports more than 2 million barrels a day. it will really open up some export possibilities that we may or may not have wanted, but the truth was it never got to a debate on congress. it was just a work around. >> so you're agreeing, just how much is what you're disagreeing with. >> but it makes a big difference. what happens, you empty out the natural resources a lot quicker than they should be otherwise. and you get no benefit. you won't get a lower gas price. >> you get benefits in terms of higher corporate profits which

means stock price goes up. >> stockholders will make money and that's really where the profits will be. >> is it terrible news for valero, holly frontier and other refineries? >> it may be in the short term, but i think that crude oil production in the u.s. will go from 8.5 million barrels today to 9 million barrels a day by the end of this year. we'll still be overwhelmed with the light sweet crude. and the big question, will people send tpend the capital t build this equipment. and if the department of commerce were to allow the unfettered export of crude oil, i think the brent ti spread would shut that off and take the economic joy out of it. >> andy, dan, guys, a good discussion. like an eagle landing on a flag.

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turns out people are back. total rush phapaced two thirds of its rival funds. nearly 2% in q2. >> we are cause williare callin indicator. what if anything might this say about the state of overall u.s.

economy? morgan brennan is live from a w winnebago dealership. >> reporter: there are more to rvs than winnebagos. but results were mixed, but you want to look at the strong year over year growth. highest level since before the recession and earnings up nearly 50%. winnebago is a small cap stock, but its big ticket discretionary sales are closely correlated with consumer confidence. it expects steady moderate growth moving forward. looking at motor home shipments in the u.s., those are up 380% from their 2009 bottom. and they're also closely tied to

the housing market. analysts say as long as housing stays on track, so, too, should these motor home shipments. majority of buyers are retiring baby boomers. more families are starting to buy in. retailers telling milo interest rates are actually help to go push up the purchases. but there is one possible headwind to keep in mind and that is rising gas prices thanks to that conflict in iraq. these rvs aren't exactly fuel efficient. the one i'm in gets about 10 miles an hour to the gallon diesel. call it the world cup of tipping. trip adviser surveyed 25,000 people worldwide to see which country has the best tippers. guess what? no real surprises here. america beat germany. then brazil, spain, and russia. coming this dead last, italy.

they are the worst tippers in the world. i would have thought australians were bad because we have a high minimum wage. so if you pay a lot for your meal, then -- >> but it's kind of a silly list. not a fair comparison. some waiter make good money, some countries discourage tipping. >> that's right. you have to put it all in context. hard to compare. >> but only thing i'll say about italians -- >> what was that? >> i don't know. i've been up since 3:00. >> can anything be done to fix a hurting retailer? we'll dig in. >> and here is another look at today's mystery chart. we told you the's tit's the bes performing country index so far

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wave of buyouts could be on the way. will your favo bre soon have a new name?veb answers. and if you're still recovering from the soccer game, let us get you caught up on today's big year choosing the new york stock exchange. it is china's ali baba. and it will begin trading i day. dow more than 100 points early going. the trouble attributed to comments of james bullard who says interest rates may rise as soon as march of next year. and gopro is having a pretty good day. time for our daily run down of our recommendations. first off bloomin brand.

>> true australia fare. target going to $30 a share. that's about 30 bucks up side. that stock down about 1.517% year to date. >> and tenant health care increased. >> big up side for the current price of about $46 and change. ubs noting positive reform that were in the first quarter have continued and even accelerated now. their rating remains a buy. stock up over 17% within the past six months. down today, but positive commentses from s frofrom ubs. >> getting a downgrade, impeer ye imperial capital. >> this merger just caused a lot of problems. target cut to 47 bucks a share. you get the point.

down today. >> and stock thumb four, -- >> used to be like three companies. they merged again. if they have a fourth, we're doomed. >> 55 bucks. rating remains a buy. increased over 27% over the past 12 months. and the stock pays 2.3% dividend yield. >> and a san francisco base biotech. >> target of 20 bucks a share on nktr. 50% up side. already up 10% over the past month.

very bullish on nktr. how to talking numbers. today we're talking bed bath and beyond. bad day for the stock. down 7.5%. rich, technically, before the show, well below its 200 kday average. looks awful. sometimes you can get a technical bounce. any indication that might happen on bbby? >> clearly this is a chart only a technician shap could love. and i'm actually warming up to the stock down here on the heels of a 30% decline. i'll show you why. after a fantastic year last year, the shares up over 50%. 2014 stas with a real brank o bang. touches the $80 level and take out the 100 day moving average.

and we start our way lower. right in the middle there, the pattern is tippicontinuing. and today the exhaustion gap. fear has peaked. but that's on whi et's often wh are made. you see the key intra day reversal. one word of caution, longer term chart a little bit of a hot mess. we've taken out an up trend in place since 2008. we've also broken below the 200 week moving average for the first time since 2009. clearly that is not good. but i do like enough of what i see in the short term chart to be a trading buyer of the stock down here. >> hot mess now my new favorite term. so maybe buy when others have given up. but what do the fundamentals say about bed bath & beyond? >> bed bath & beyond actually is

one of those stocks that has been keeping me really humble this past year. we have it in a couple of our portfolios. we got in in december. it looked great. and all these gaps that rich is talking about were huge does his disappointments. this is the third quarter in a row that they have disappointed. i still think that there is potential for this stock. this is the same story we hear over and over again with brick and mortar retail companies. price competition is fierce. and bed bath & beyond is really struggling to adjust to this new environment. last quarter, they had too many coupons. but they are in transition. they have been able to change eir assortment toow

margin. they understand it's new world and we feel they are gain market share in the new environment. and they are trading 11 times forward earnings. we still see it as actually a great value and we feel there really is potential to turn away. they also been buying back shares. so the does his isappointment t quarter a lot less and i think this is the turning point. >> thank you very much for joining us. did you recognize this song? ♪ working too hard can give and you heart attack ♪ >> not a hard one. we'll tell you why we're playing it and who is really moving out and why it is a big and probably good deal for the u.s. economy. plus take a look at this chart. it is something that says a whole lot about america's eating habits. all the details coming up.

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let's take a look at this line again. one is the u.s. per capita consumption, the yellow line. this is since 1910. the other is butter. take a look at it. back in 1992, 18 pound as year. it dropped down to less than four pounds. now it's making a comeback. you average around 5.6 pounds of butter this year, over 22 sticks for every man, woman and butter loving child. of course bad news f our waistline, but good news for makers. one of the biggest makers, unilever. if you were eating back in 1910, 18 pounds on average of butter a

year, i'm going to hazard a guess we were also quite a lot thinner. isn't it less that we're either ai g eating less now, but on the larger side. >> i can't believe it's not better. >> good joke.side. >> i can't believe it's not better. >> good joke. >> let's accepted send it over s bertha coombs. finance to go build the larkers solar power plant in latin america. first solar has apbeproved to loans to become the project. a nice spike on that news. back to you. >> there is indeed. gold prices falling just a little bit. bill sgricgriffin, he wili beli have more. >> i've been saying i don't

understand gold anymore. is it a risk investment or inflation hedge or something hybrid. i'm not sure traders know. we all know it had a major bum market over a decade. it's been in a bear market for the last couple years. recently it popped back up about $1300 an ounce. the question is why. does it mean anything? we'll go through all that. a bull and bear with us to try to parse through the price action on gold and we'll see what it all means. try to reach a conclusion. is it butter, is it margerine. >> i believe it's a tired old mule. it's a currency hedge. something you buy when you think there will be currency instability and we're in a time of currency instability. >> we've been in that period for a few years. the action hasn't correlated.

>> euro-dollar the same for two years. >> so you think it will perk up again? >> if euro-dollar goes whacko. >> what are you doing at 3:10? >> getting on plane to houston. >> travel safely. so when is the return on the investment really worth it in sharon epperson has been diving in to the numbers. >> when we consider the value of an education, college graduates make more than those who do not, but the big question what majors paying off to the greatest degree. taking a look at what an undergraduate degree mean, business is most popular, but majoring in engineering is most lucrative. they found for engineering yacht

graduates, about $75,000 a year, $15,000 more than someone who majors in business. how, computer and math majors make about $70,000 a year. and median earnings for the lowest are those majoring in education, psychology and social work. right around $42,000 a year. college planlgs matters when it comes to wealth accumulation especially for graduates saddled with student loan death. they lagged far behind their peers. the network of household college educated adults without student debt is about seven times gra greater than those with student debt, despite both groups may have about the same household income. so what is a good rule of thumb? students should borrow no more they expect to earn for their starting salary. and if you're uncertain, a

financial expert says just don't borrow more than $7500 for each year that you're in school. or no more than $30,000 in total. and try to choose the college major that will generate the great he est return on that investment. >> come join us here onset because i want to get your shots on this next story. this is a new harvard study that says millennials are finally getting ready to move out of mom and dad's basement after moving back home during the great recession. so this new study predicts made len yanials will make up 24 miln you new house holds over the next ten years. a huge boost to housing. they are gaining financial foot hold. like mom, dad has been great, i'll stiff give you my laundry, you abob i'm moving out. >> one reason is that millennials or specifically 22-year-olds are now the biggest

demographic that we're seeing in this country. they are now bigger than the baby boomers. so that is probably also contributing to what we're seeing here. the other thing that is interesting when you look at the finances, a lot are actually great planners or they want to be good planners. they want to try to federal government out what for to. and they try to come up with a strategy. they just at some point not really sure exactly where to invest. but i think moving out is probably part of their -- >> i had an insane thought which is probably completely wrong. i'm still paying law school debt. but could it be ultimately a good lesson? i can't remember ever taking a class on basic finance. the reason i stayed off get as much as i could is because my parents had some issuissues whe growing up. but could it be a good lesson?

maybe instead of $450,000 for a house, they will pay $375,000. >> student loan debt is certainly something that will teach a lot of young people and their parents, as well, how to manage their money better. and what the treasury department and education department and a number of agencies are trying to do to work together is to really get people to understand the cost of borrowing. what is the long term consequence. don't customer look at the first semester, but what will it mean down the road. >> did you work in college? >> i did p. >> so did i. ran lawn mowing business in the summers. could i make enough that it mattered. i don't think that i'd work now. college is so expensive, i wouldn't make enough money to -- i'd say screw it. i'll borrow it. >> it's interesting when i talk to student, they don't understand how works. they will say i'll drop it class, someone is paying for it. that someone them. they have taken loans out already.

they dropped the class. and the big issue, they're not graduating, yet saddled with the debt. so they won't have the wealth accumulation yet all the student loan debt. >> hard lessons to loan. thank you so much. coming up next, the big beer war brewing and how you can get in without getting soaked. >> and speaking of beer, last call for today's mystery chart. it is the best performing stock market index in the world this month. and raperhaps we should have sa speaking of -- >> vodka.

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we stupidly said ya. we should have said duh. it's the russian rtx. it's up 6% in the past month. up 14% -- still down year to date, but, man, what a comeback. >> i guess things are stabilizing. much beer is no doubt being consumed today during the match either in celebration or commiss

rag but all in the pockets of beermakers which seems to be getting bigger and better through past consolidation in the past decade and some could get even bigger. joining us now is capital director nick modi. nick, great to have you with us. i got this idea talking with carolyn. she said it could be a target for bud and i saw an upgrade saying sab miller should also be an acquisition target for bud as well. so i'm wondering whether you think this is the case as well. >> yeah, thanks, mandy. great to be with you. we don't cover sa or abi, but what i would say consolidation of the beer company, there's still a lot of room left for consolidation. you know, our main focus right now is on the fundamentals in the u.s. beer market and wing are see that consumer efforts are there. that's where we're placing our

bets here. >> what do you see in the domestic market? >> it's pretty mervly consolidated. you take the top three breyers. they have in ek says close to 90%. it's hard to see big consolidation taking place. it's more of a global issue since there's still a lot of fragmentation left overseas but fundamentally in the u.s. you definitely see consumer preferences. >> what do you think about boston beer? i know that you cover that. >> yeah. we really like the craft brew story. it's clear people are going toward local. it's creating over 30 times the earnings and they're really spending a lot of money on their capacity until their free cash flow starts to improve. >> very quickly, just outside of

beer, your pick is monster beverage. i saw a note this morning. the public interest is asking the fda to add warnings to energy drinks, you know, because there have been some debts. do you think this is something that's going to hurt monster beverage? >> keep in mind monster puts warning labels on its energy drinks. it says children and women that are pregnant and anyone with caffeine sensitivity should avoid the beverage and it provides very clear articulation how much caffeine is in the can. one can of monster is ee kwish le equivalent to an eight-ounce cup of starbucks coffee. like with tobacco, we haven't

seen it. i'm not quite sure at this point if it would have a fundamental impact. >> thank you very much. have a great day. >> thank you. up next, go pro millionaires. two good stories. up next. even though almost half of the world's population will fly this year, the view above might soon look very different. >> we came to the idea of buy any structure which would be much more adapted to the loads

of the aircraft. we find materials that could be transparent. >> companies are investing huge amounts of cash developing these ideas, but will they pay off financially? >> our uav is unique because of the way it's being built in the ma cheegs. if we can make them cheap and fast enough they could potent l potentially be seen as highly revolutionary. ♪ ♪ [ girl ] my mom,

she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] ♪ my mom makes hospitals you can hold in your hand. ♪ my mom can print amazing things right from her computer. [ whirring ] [ train whistle blows ] my mom makes trains that are friends with trees. [ train whistle blows ] ♪ my mom works at ge. ♪

go po -- laugh it up. save me, robert frank. >> gopro. >> we're going to look at the woodman wealth watch. there's a tongue twister for you. his shares are now worth $1.6 billion. that's after selling 3.5 million shares. dozens of employees, investors, and shareholders are selling. many of them are becoming instant multimillionaires. when asked if this was a bad sign for investors, here's what he told cnbc this morning. >> there's a concern over me selling but i'm still going to own a third of it when it's done. we have investors the take care of it. ultimately we're excited about opening up the gopro plan experience to a whole new brand of customers. >> they've locked up some six

months or 12 months. zuckerberg said they wouldn't have sell shares. this is really an outlier. it looks good for them. he built it. sacrificed it. from an investor inspective, this is different. >> thank you. >> that's it for ""street signs."" "closing bell" is next. they've handed out cookies with crickets in them for the servicemaster. >>