>> if i was in australia, i wouldn't have any fancy skewer and i'd just throw it on like this. shrimp would be all right here. i think prices are up significantly. >> there's a demand. >> demand in asia of shrimp. >> economics. thanks for watching street signs. more coming up on closing bell. >> welcome, everybody. >> what fun we've been having on twitter today, but that's another story. a reminder that any game today for the dow and the s&p will put us at new closing all-time highs and we're positive on those two averages right now. the nasdaq is not but we are and we remain on dow 17,000 watch. it doesn't feel like we're going

to get that, but you never know what happened in this final hour of trade. >> and could arthur dampen the rally? i'm not talking about the arthur sitting next to me. the fourth of july could be washed out on the eastern seaboard. it is expected to become a hurricane soon. and the real damage could be done expected at the fourth of july holiday. we'll talk about the winners and losers and get you an update on the storm. >> also, women cannot have it all. that's what pepsi's ceo said and that candid and controversial statement has been lighting up twitter and getting a lot of action. we're going to tell you more of what she said and why she said it coming up today on the closing bell. >> thank you, indra, thank you. now, as was mentioned, the dow is positive, although we're towards the lows of a choppy and narrow session. mean wile, the s&p 500 is still

going to stay positive right now. it is right at that 1973 mark and the nasdaq is off by about 4 points. >> there's the nasdaq down 4 points. it has been the meter of the upside lately, not today. get a load of our panels today, folks. kimberly from enferion wealth management. abigail doolittle. arthur cashin and rick santelli. welcome back, everybody. art, we had private payroll numbers and that didn't boost the number today. i guess everybody is waiting for the government's number tomorrow? >> it looked like it might be too much of a good thing. he saw the yield on the ten-year spike sharply after the number came out. and the stock futures looked to turn better, they saw that yield go up and they said, uh-oh, that may present a problem tomorrow.

depending on what the number is, it may have a potential impact on the yield and that in turn will have an impact on the discussion about when the fed moves and how they move. so caution is in the air and that's why we're not moving any further. >> this reminds me of something that was said this morning. rick santelli, what happens if the data is finally strong enough if this bond market starts to believe it? >> well, that would be a wonderful thing. it's going to bring higher interest rates. but on that topic of success, this was a great adp number, the greatest since around november of 2012. but the problem is -- and let's show the sharp, since then we've had 19 adp numbers. out of those 19, 12 were below 200,000, seven were above

200,000. it's a great deal watching interest rates. it was just the 17th of june since we had higher interest rates and we haven't reached the highest level. so yes, it popped, but the definition of pop seems to have been downgraded as of late. >> and kimberly, you remain pop because of the mixed data, the hurricaneky jerky reports we get on the economy, right? >> yes. as we're flirting with 17,000, it's a mixed bag out there. tomorrow we're waiting for the jobs numbers. we are borrowing, though, any geopolitical issue. we had $2.5 trillion and the sidelines ask in money market.

and i do think that this market is poised to go higher, but i'm cautiously optimistic for the short-term. and i can tell my clients, keep to your allocation because we are going to pull back. at some point in this time in this market, you have to be in the market to gain in the long run. it's time in the market. >> so important. abigail, we commend you for your call on blackberry. that is up 35% in the month since june. what about a turn around here on your view in the broader market? >> kelly, i wish i could be as bullish on the broader market as i am in blackberry. that being said, it's pretty clear that we're at an inflexion point when we look at the charts. all the major u.s. equity indices are hitting important areas of resistance or where we typically see selling pressure. we're about to see another big leg up or a correction down.

again, i think it's going to be to the down side. when we look at this market, i think it goes beyond the data. i think we're looking at a distorted sense of confidence propagated by the fed after qe3 in particular. it's too much liquidity. we're looking at froth and no fear. it will take very little to create air pockets and forbes accumulation if anything should happen. so i think that investors still need to stay defensive, even as the markets go higher. the signs continue to be bearish. >> if you need a bullish comment, abigail, listen carefully to jack bouroudjian, i expect. right, jack? >> well, hey, look, i think numbers speak for themselves. when you're making all-time highs in the indices, it's very hard to sit back and be negative on this market. yet i keep hearing people be more negative which makes me more bullish. people are giving this very disrespected run which i guess is quite simply fascinating to

me. >> did i ask you that the last time or did i just -- >> no, no, you did. absolutely, bill. i do worry about inflation, the rate of inflation getting a little out of hand. and the other problem we're going to have is eventually -- and i was talking about this a little while ago. we're going to see some decoupling here. it's going to be a messy decoupling. and then the reality is going to be why we're decoupling is going to determine whether we see the stock market continue to go up. if we decouple because we're starting to see real growth, then we will see the market do well along with the dollar for -- you know, for that matter. but if we don't see it, we see inflation start to take hold. then we could be in trouble. >> i want to go to something tied together with jack and abe gale. abigail said we could have a big leg up or a correction down here. it's that big leg up that's getting more attention of late. jeremy siegel saying he wasn't

bullish enough. jeremy, is there a potential for a meltdown here? >> well, it certainly always is that potential and has to do with the sideline money just mentioned. there's a lot of money on the side. people are not getting a return. they're desperately looking to get some return. but yeah, you could get a move that surprises everybody. but i think it's hysterical talking about a market. >> kimberly, is there anything you're buying right now? >> you know, actually, for my clients, it's a break between growth and income. vpu specifically, 3.5% dividend on there with some growth, up over 15% year-to-date. i would be cautious if you're getting in at this point in time, may the dollar comfort

average in. but that is a sector i'm adding to the portfolio. and we also look towards the high value sector. that tends to overcompensate the investor 3% to 4 percentage points. >> jack, we give you a hard time about being bullish, but it's only because we have such a hard time to deal with. can we congratulate you for i think 20 years here? >> thank you. >> the 20th anniversary as a cnbc contributor, as a guest here. >> you know what? we started 20 years ago and rick started about a month afternoon our did. we had this italian guy from the board of trades, another guy that was armenian. eventually it became mainstream and, of course, rick is doing what he's doing. it's really great. >> yeah, well put. i hear you snickering, art

cashin. how many years do we go back? >> well, you've been here 25 and i've been here 25. actually, i've been here a good deal longer than you've been here. >> hey, bill, i do want to say thank you, by the way, to everybody at cnbc. you guys are all amazing people out there. >> you know wrb even -- >> and santelli, right? >> even rick santelli who is a marvelous guy, regardless of what he and i talk about on the air. >> we appreciate joran sights as always, jack. we love having you on the program. everybody have a great holiday weekend. thank you. we'll see what the numbers bring in tomorrow when the jobs numbers come out. >> thank you for joining us this afternoon. we've got 50 minutes to go until the closed bell. tight trading range i think as our producers mentioned. it's the tightest trading range we've had all year. but the s&p 500 in the midst of all that still trying to stay positive and is doing so slightly at the moment while the nasdaq is off about had poin4 p.

>> builders ceo tells us if he's seeing more jobs available these days and if search times are shorter than they used to be, that's coming up. it would be critical to watch. >> you now, constellation brands ceo is speaking to us about the $5.3 billion deal it has to distribute corona and other mexican beers in the u.s. find out if it's paying off. plus, the earnings parade starts to kickoff next week. someone here says you have to look past the profit numbers to other items buried in all those reports. wait until you hear what could spark or spoil the party. that's coming up on closing bell. about speeds and feeds. it's all about latency.

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markets are mixed today. it's been a very narrow range on this day before we get a half day of trade, but we still get the jobs numbers from the federal government tomorrow morning which could move this market one way or the other.

the dow up 16 points. any positive numbers will be an all-time high. same for the s&p up 0.3%. the nasdaq down over 2 points. >> constellation brands, one of the world's largest beverage companies for adults is up 2.5%. you can see the shares up 2.5%. >> how long will that last? james wells is at a hops farm in oregon with the hops story. jane, another tough assignment. >> guy, it is so gorgeous here. kraft's market share has almost tripled in three years. but small brewers are finding it hard because it may not be profitable considering that hops, the main flavor ingredient is now in short supply. hops surprises are hopping.

hops prices have doubled in some cases over the last decade. and farmers are now profitable and they had adding practice. >> all in all, hops are at the highest they can be and growers can timely afford to make expansions. >> i wouldn't down that we'll do this again. >> and they are. in some cases, they're signing five-year contracts for hops prices. now, small brewers don't have the leverage to lock in prices for five years. there could be a craftier hangover until they gain equilibrium. these hops go in the ipa. they're not so much going into

corona. back to you. >> thank you, jane. take it easy out there. how will higher prices impact constellation brands? >> again, right. joining us once again in an exclusive, we are joined by constellation brands ceo rob brands. this is like the third deal, this has been the gift that keeps on giving, right? yeah. we've been firing on all cylinders as a company. our beer business is incredibly strong. we've revised upwards our guidance. now things are pretty good. >> a lot of the analysts seem toffees on barons is the fact that your cash flow projections didn't increase on the other improvements you're seeing.

why is that? why are you being so conservative? do you intend to stay this conservative? >> although we've revised our epf upward which certainly was a result of upward revision and our expectations, our cash flow would still be within our guidance range. so we left that as is this quarter. >> but why not raise it? again, a quote from the analysts, they are all thinking you guys would continue to race in the fifth year and going forward from now. that's partly why your years of trading is such a premium. i'm curious, what you're thinking is how much cash you intend to generate and what cost pressures you may be facing. >> yeah, it's really as simple as, you know, we had a wide range. our increase in our eps guidance probably takes us more towards the higher end of our cash flow

range. but we didn't think that it was prudent at this stage during the year to increase our cash flow guidance, considering the range or the wideness of the range that we had there. so -- >> okay. >> all right. what about input costs? we just heard from jane wells on hops prices. everything is going up in price right now. do you have pricing power or can you -- are you going to be expecting margins to be squeezed here down the road? >> yeah. we took pricing this year pretty much kitly can the rest of the market. we'll see what pricing power there is on the future that depends on the competitive landscape. we don't see input costs an issue in the near future. we're not seeing pressure on the cost side. hops, yes, we've seen higher hops cost, but hops is a small

percentage of our costs. >> so hops pricing doesn't really move the needle for us in any way. >> what's your effective tax rate? >> well, we're projecting around 30% for the year. >> i ask because as you know, it's not just the companies looking at deals to help them lower their rates to be more nationally competitive. and you guys are an internationally exposed company. >> yeah, we're acutely aware of the inversion strategy, but i would say that, you know, we can't really let the tax tale wag the dog, so to speak. we need to think about what makes strategic sense for the company. we're in a really good position right now as a stand alone

company. i don't think we'll be able to take advantage of that in the near future unless something strategic comes along that has that attribute. >> we know beer consumption in this country has lagged a bit. that doesn't mean you can't make money selling beer right now. how do you see these trends continuing for the next few years here? and how does that affect your strategy, then? >> yes, so as you noted, the spirits is on the rise. wine is on the rise. and interestingly enough, in beer it's really divided itself into a number of different markets. imported beer and in particular mexican where we play is fast-growing part of the industry. kraft is a fast-growing part of the industry. and then you've got the domestic

beer business, which is really just slightly up on a dollar basis and slightly down on a volumemetric basis. i'd say we see those trends continuing into the mid future. so we think that spirits and specialty premium spirits will be robust. premium wine will be robust. kraft and imported beer will continue to be very robust markets. >> we intend to do our part to help with that growth this weekend, rob. thank you very much for being here. >> thanks for having me. >> see you later, rob, thanks. heading towards the close, 40 minutes left in the trading session here. it's been a narrowly traded day. the dow itself has seen a trading range of only 37 points. we have to go back to disease to the december to find a narrower trading range.

>> we just have to close positive for the dow and s&p. google's purchase of online music songza catapulted it. the pros weigh in on this deal next. plus -- >> jpmorgan's ceo jamie dimon disclosing last night he has curable cancer and that his prognosis is excellent. that's the word he used. but did he have to tell the world about his health? the surprising facts about what shareholders do and don't have the right to know, coming up here on the closing bell. trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running.

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yesterday, a danner day. we almost punched through 17,000. we closed the record highs, the dow and the s&p. today is quieter. consolidating those gains perhaps. getting ready for those jobs numbers tomorrow. courtney reagan tracking today's movers for us. >> that's right, bill. we may have had a narrow trading range. but we've got some mosters. let's start with hoarley davidsn after being downgraded saying it indicated sales fell below estimates in the second quarter. gravity taking hold of gopro falling double digit after doubling in value in its first four trading days. and the airlines led by delta

after the june revenue was less than previously forecast. groon brier gaining ground after raising its full year outlook on deliveries. google bought songza. pandora shrugged off the move and moving higher today. >> will the songs acquisition make over force in the song arena? welcome to you both. colleen, i think perhaps the most telling thing is the fact that pandora shares are hire today by 0.5%. so do you think google is late to the game here? >> this is definitely a validation of the whole music streaming market that google is getting into this. but kelly, i think they're a bit late to the game here. pandora has been in this space for ten plus years. i feel like if google really wanted to make a big splash and

a big entry into the music space they would have bought a spotify or a pandora. this is going to be a need add on for google's existing services, but i don't think it's going to make a dense in its overall impact of the market. >> how does this work? >> sure, yeah. >> for people who aren't familiar with songza, i can give you a look here. basically, what happens is it gives you created song lists. let's scroll down a little bit. the ones on the left are trending right now, the ones on the right are some of the all-time favorites. songs from apple xushls featuring lil wayne and female indy pop singers and things you might expect like coffeeville. >> kcolleen thinks it might be

late. but what do you think? >> i think it might be too late, but it's deaf notally not little. it really only debuted in march i think 2012. within six months, they had gotten 2 million users and a couple million in funding. you know, i think it's a name in the streaming space that has a lot of melt yumm, particularly with the younger crowd that's consuming a lot of the streaming music. while it's nowhere near as big as pandora, with the support of a company like google, i think it could be a big force in the business. >> and we can show the move part which is delivering content to you, instead of you going out and finding it, look at the choices here, aggressive, angsy, classy, in other words, is what google is after is a relation that instead of people going for the internet to search for contend, instead, this is about

content finding people. >> absolutely. i'm sorry. this is a lot like the google mouse service. it's very personalized and folding into google play and google play radio. >> colleen, you say it's a nice add on and maybe that's all google was after. maybe they're not looking for a transformational -- >> and knowing your moods could be something important to google generally speaking. >> just ask facebook. >> exactly. >> right, right. this is something that i see as a small nice abscission. it has clever, nice technology. a very smart team that put it together. when we're talking about $15 million to $40 million as the range that we're hearing, this is a small acquisition. this isn't a splashy thing like

apple buying beat. >> zach, last word here. >> yeah. i think a good thing to look at would be the youtube acquisition. it was for quite a lot more money. but i think the way google kept youtube independent and very much a part of google at the same time, i think that's what they need to do with songs so keep it relevant and maintain the audience that's there and keeping it going. >> well, i'm in the mean time trying to figure out where to go going. >> chassical by night and new growth. >> or songs to put you to clean. by the whack, our fans --

>> you heard bob pisani. he loves it himself. >> heading towards the close, the dow and the s&p on track for all-time high closes. but it didn't take much. you just need a green arrow there. coming up, larry kudlow and dennis gartman take a trip down memory lane for a look at the main events that have gotten us here. meantime, hundreds of july fourth holiday fireworks may have to be canceled if tropical storm arthur keeps its current path, maybe even the was in new york city. tdd#: 1-800-345-2550 bring what inspires you tdd#: 1-800-345-2550 out there... in here. tdd#: 1-800-345-2550 out there, tdd#: 1-800-345-2550 there are stocks on the move. tdd#: 1-800-345-2550 in here, streetsmart edge has tdd#: 1-800-345-2550 chart pattern recognition tdd#: 1-800-345-2550 which shows you which ones are bullish or bearish. tdd#: 1-800-345-2550 now, earn 300 commission-free online trades. tdd#: 1-800-345-2550 call 1-888-648-6021

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welcome back. we're into the final minutes of trading here. we're in the wait and see mode with the dow and s&p on track for record closes again. the nasdaq has pulled back a bit and so has the small cap wrusel 2000 index as we get ready for tomorrow's jobs report. jpmorgan stock has been down again today. but the real -- this is a human story and it's something we've been reporting about all day today.

ceo jamie dimon revealing he has curable throat cancer. he will remain at the helm of the bank. he calls his prognosis excellent. >> and jamie dimon disclosed the details right away. did he have an obligation to do so? what do shareholders have the right to know? that's what plenty of people are taking a look at here today. welcome to you both. professor freeman, in general, what kind of rights do shareholders have the about health of their key executives? >> well, i think it's a slippy slope. i mean, i'd like to put it rather than a right to know, what's it a good practice to disclose. clearly, things that have material impact on the future of the business. you want to disclose those things. you might even say shareholders

have a right to know those things. but shareholders don't have the right to my latest cardio gram or cholesterol numbers or those kinds of things. i think jamie dimon did good practice in disclosing this where it could have been perceived, if it had gotten identity, that this would have a really big impact on chase. so, you know, i think he did the right thing and i'm happy that it's -- for him that it's curable. >> yes. we all wish him well, that is for sure. power argenti, we look back to the steve jobs days and the lack of disclosure there and we all were looking at him as he der r dereared when they finally reviewed what's wrong with him. it has material impact on the

business, don't you think? >> yeah, i don't think there are any special cases here, bill. steve jobs should have revealed things before he did. it's unfortunate that we have to go through those things been it's material information. just from a perspective, you have to be able to tell people material information and this definitely falls into that category. >> paul, there have been other cases where it's less clear whether executives have an issue, how deep that issue might go. larry paige, over the years, a few things have happened where an executive have been kick. at what court did you have how much you need to know about a guy like warren buffett's health? >> yeah. i think the thing is, do you want to be able to listen to it being reported and you haven't

said anything about it? i think in this case it's pretty clear that if you have throat cancer, that's material information that's going to affect people's sense about whether you can lead the company. even he has said he's not going to be there for eight weeks, that's very noticeable to people. it would be different if he had a regular exam and had something relatively minor in comparison. center a republic ewe. by the way, we should point out, make it clear, we don't believe he will be gone for eight weeks during this process. we believe he will be on the job. he had a two-week vacation planned right about now, as a matter of fact. he's going to take three weeks now. but he will begin the process of beginning treatment.

>> is there something that we don't need to know about a ceo for whatever reason. >> there was genetic testing and those kinds of things. it's dangerous to draw a hard and fast line. again, i agree with paul. i'd like to see people use good judgment here. and one way to use good judgment is to think about not only what do employees and they really look to them for direct. >> guys, thank you this afternoon. >> thank you very much. >> appreciate it very much.

>> we wish jamie dimon all the best. >> absolutely. absolutely. heading towards the close, 20 minutes let me tell in the trading session. the dow up 16 points. that will be good enough for an all-time high. same thing for the s&p. >> we're going to preview tomorrow's key jobs record. we're going to speak to the ceo. plus, tropical arthur now threaten to go wash away july fourth plans for millions this weekend. the economy coming on a holiday wednesday. the latest stork trauma by taking it to an expert ford technician. because no matter your destination good maintenance helps you save at the pump. get our multi-point inspection with a synthetic blend oil change, tire rotation, brake inspection and more for $29.95 or less.

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♪ . welcome back. the dow and s&p still positive, but slightly. the nasdaq just negative after its strong session yesterday. >> i expect the market will change tomorrow at 8:30 eastern time when the government releases the jobs numbers. meantime, we're watching tropical storm arthur threatening a large portion of the east coast. richard lui from msnbc is in

florida with the latest. richard. >> this is what we're seeing here at the central coast in florida. we were talking about the economy, this business right here which rents those beach chairs, they've been open since 9:00 a.m. this morning. we haven't seen one of those chairs rented so far. why? as you know, arthur has been tracking up the coast here of florida. now it's about 110 miles east of cape canaveral. as it moves up north, it will become a hurricane tomorrow, about 2:00 or 3:00 in the afternoon. it will go through charlotte, move towards new jersey and new york and the concern there if you're there on the beaches at the shore, those red flag warnings, it could be a danger if you can head on down on the fourth, fifth or sixth of july. you can see the same warning off the coast of new york.

in terms of business, that's the concern here in brevard county. now arthur has moved past us. we're seeing the bands crossing over above us here in what is called melbourne, florida. back to you guys, bill and kelly. >> richard, thanks very much. i feel for the folks in the outer banks of north carolina. an area i know well, kelly. it could not happen at a worse time. it's going to get rained out, it looks like. >> i know. you have to be careful of those rip tides, as well. >> heading towards the close, the dow is up 13, the s&p has slipped a bit now. we'll see if we can finish at an all-time high there as we wrap up this day. >> and we're looking at dow 17,000. will it happen today? will it happen this week? anything can happen in the final minutes of trade. keep it here, we've got 14 minutes to go.

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welcome back. the s&p is up a fraction. again, a reminder, the dow and the s&p, any positive close will be another new all-time high for those averages.

joining me now, kelly and larry, good to see you both. the adp report, the private payroll number that came out certainly set the bar high for expectations for tomorrow's government report. oliver, what are you expecting? >> we're hoping for a strong number. when we look at the earnings reports that have come out, talk to the ceos out there, they're seeing their businesses grow. it's certainly time for our economy to do that. >> larry, i just wonder if the market is not whistling past the graveyard to some extent, we've got everything going on from the ukraine to the situation in the middle east to this potential default in puerto rico that even the market seems to be taking in stride. >> summer of 1907, jpmorgan said there's nothing in this world that would so violently distort a man's judgment more than sight of getting rich. people are reaching for yield.

yellen alluded to it a little bit today. we're sooeng seeing things in the leveraged yield space that we haven't seen since 2007. >> we just had a record quarter and issuance in the finance space. it could mean, oliver, more m&a activity a as long as these markets stay open and are more than ready for business. >> and there's still value out there. some things are gotten into lofty levels. but if you look to the s&p and the dow jones, there's been significant performance. pbs, caremark, pepsi, there's some great value and deals to be had. i think the key question at these levels is to play it safe. don't try to add. stay on the safe side. >> larry, janet yellen is repeating something she said a

couple of weeks ago during her news korns. that being with this low volatility we're seeing right now with this complacency that we seem to be suggesting with the volatility index so low, she repeated again today that she doesn't think the markets are mindful or recognizing the perceived risk that is still out there. what do you think she's talking about? >> that's what i was getting into earlier. it's the amount of capital that's flown into leverage loan funds, it's the issuance in the lbl market that provides fodder and that balance sheet power behind equities. so it's like people are levering up to buy equities and think about it, we're talking about a federal reserve that missed the bubble in 2000, that missed the bubble in 2008. at least she's acknowledging it, but she's not doing anything about it. i would think what you should do is do what they did last year, what bernanke did on may 22nd is he took some air out of the balloon. the fed has to do that soon or we're going to end up in a

lehman brothers situation. >> that seems like something the fed is choosing. it's the lesser of two evils. they've done studies about whether they should raise rates. they said the latter, less economic harm long-term. well, you know, these are academics that have never really taken professional risks. i think governor fisher is the only one that has. what they look at, think about the midterm elections. the supreme court, with the president -- you know, the president gets the supreme court nominees, here you have -- if the republicans take the senate, the republicans can actually start to block dovish fed governors. so you could see a more hawkish, if the republicans take the senate, shelby will be here, you can see a more hawkish turn from the fall in the fourth quarter. >> gentlemen, stay right there. we're going to come back with the closing countdown and kelly, enjoy your red velvet cake. don't think i didn't see that. who got my piece of cake down there? >> there wasn't one. >> i want names. >> yeah.

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coming up on the final three minutes of the trading session here, it started this morning with this adp jobs report. they do a private payroll number as opposed to the nonfarm payroll number that the federal government will report tomorrow. and their jobs number, adp, was much stronger than expected with a job gain in june of 281,000 jobs. that caused a flurry of activity this morning. the dow on the open continued the rally. came within 15 points of 17,000 and then zigzagged the rest of the day. the bond market also responded. the yield on the ten-year moved higher, appreciably higher and we're up to 2.62% right now. the question i posed to larry mcdonald is what do you think happens tomorrow? if we get another strong report like we did today, larry, could bonds finally start to embrace the idea that maybe the economy is on the mend and maybe we see

appreciably higher yields? >> well, you and i were at the masters when i made a bearish call on bonds and we were down to 240. we're up 22 bits from there. i would say, though, bill, you've seen this in your career, you've probably seen it a lot more than most people. while the private number versus the friday number, tomorrow, it's the thursday number. but the private payrolls versus the non farm payrolls, we don't see in our work much of a correlation between the two. we had a strong number last time, it may be on the weaker side tomorrow. >> i would suggest tomorrow is going to be a unusual day with light volume. >> you may get a flurry of activity on the open and then things start to quiet down, right? >> absolutely. but i think the numbers to focus on is the manufacturing data, the retail sales data and later

on in july, your first look at second quarter gdp. we get get a read that is close to 4% if not above it. otherwise, with the almost 3% decline in the first quarter, we're going to be in real trouble. >> and what if the yields continue higher here? let's say the ten-year starts to approach 3%. does that hurt the stock market at some point, larry? >> it does, but there's so many of these wacky dynamics going on behind the scenes, bill, in terms of bond issuance, supply/demand. if you look at, say, just fannie and freddie, for example, fannie and freddie have given the government $120 billion in the last 18 months. they've given that to the treasury. that's bonds they don't have to sell. and then if you look at some of the new terms around the repo market, the repo market, some of the changes that the feds made, that affects the treasury demand, as well. so i think the bottom line is, you don't have that traditional amount of supply coming and that's been bullish.

>> okay. we have to go at this point. thank you, guys. so it looks like we'll get an all-time high close for both the dow and the s&p as we finish positive on both of those as we get ready for tomorrow's jobs report. you'll have it live on cnbc. meantime, though, much more ahead on the closing bell with kelly evans and company. i'll see you tomorrow, kel. oh, to be in cedar point, ohio. you know what that graphic means. the dow closing at another record high, granted by another couple of points, but that was enough to do it. on wall street, 19 points higher on the dow. 16,975 is your new high water mark. the nasdaq had been linked today after adding better than 1%, off only about a point. if you're wondering what that

business was off the top, that is the cedar point amusement park and the ceo of that company will join us shortly for more on what he's seeing on the ground today. quite the crowd. joining our panel, let's hope that roller coaster is no market metaphor. kayla tausche, sima mody, fast money trader sympathy seymour. tim, a roller coaster isn't a great metaphor for the market these days. >> no. i think some of the economic data, we've been pretty consistent. look at the labor numbers. today was an aberration to the upside. i think tomorrow's payroll numbers on the private side and the nonfarm payroll will be somewhere around 2.25. the big thing here is inflation anxiety. and if you listen to yellen, her main point was macro prudence and regulatory produce can fight asset bubbles. we may be avoiding one or not looking at one that's building

right now and one that we might be creating. >> so people are very, very anxiety ridden over the fact we may be missing inflation. >> oh, yeah. this is such an important point. i want to go to what guggenheim was saying, as well. he's like, look, yellen is sticking to her guns. she's vocal in her defense of the separation principal. the same with bernanke, the same with greenspan. she's not going to take a more active approach to lean against the market. >> right. and i think you have to watch the u.s. dollar again for clues of when volatility will come back into the market. because the dollar will be telling you when the fed is badly behind the curve or when they started to move because we know they're behind the curve. tomorrow mow morning, you have draghi speaking right before the inflation reports. would be ra day where you have volatility in the markets. >> let's talk about the financials. how much should the big banks

worry about these comments? they're saying yellen is taking increasingly hard line stance on capital, liquidity and leverage. >> so for the footballs, i think the better expected economic data is good news, right? you're going to see that will translate into better loan growth, a little bit less pressure on net interest margins. so profitability should improve as the economy improves. the big question for me is good news good news? we might take a pause and try to figure it out. this week, the data is absolutely supportive that the u.s. is on the mend. you have auto sales, pending home sales, chicago pmi, adp. i think tomorrow will be fine, as well. i think that translates into better top line growth. >> just to take the other side for a second, so somebody can take the other side, there has been a huge discontest between wall street and main street here. every time it's good on main

street it's not good for wall street. vice versa. to the point that the market is a good indicator for main street, i really think there's a possibility that the market can view that from a bearish standpoint and that that could be the contrarian indicator in the other direction. >> i think that's about to slip. next week we're going to get the fed's report on consumer credit. that's something that the fed watches closely. banks have been underwriting tons of bonds. but janet yellen actually said, look, we're seeing pockets of risk that we don't like. one of those places is in leveraged loans. she thinks underwriting standards have gone by the way side. that is something the fed is increasingly focused on. you are expected to see consumer credit is specking up in a big way, not just autos, but credit cards and the balances that consumers are holding. some home equity loans are starting to pick up a bit more and you're seeing run-of-the-mill consumer loans, too. i think that's starting to turn

around. it will be both at the benefit to and at the expense of the bank. >> and at the prospect of building banks being felt by the markets. lagging in today's trade. it's been the best performing sector so far this year. it's been in favor because of the high dividend yield. you have to wonder as we kick off the second half of this year, is this the rotation into slow growing -- out of slow growing dividend paying stocks and into cyclical sectors? >> i think it's one of the slowest growth markets, as with the. they say assets have been pouring into gold. the u.s. commodity index had huge volume yesterday. 3300% higher than what it typically sees. dbo, dvb, the base metals. >> you look at all these, this is the talk and the chatter with my friends. we're all wondering, people, will they overweight this group

because of inflation? if the fed doesn't do anything, you'll see higher inflation, but the biggest part of inflation is wages. we haven't seen that move enough yet to get that concerned. tomorrow morning when we see that report, we'll probably see the year on year rate go back to 2% and that's not the 3% or 4% that you need. >> no. because of the base effect, you're down from 3%, 4%, and the fed has given an indication they need to see its above that. therefore, i go back to what stephanie is saying. there's good news for buying miners and some ovptd cyclicals. in and out because there's inflation. people were buying commodities. we know asset prices go higher. look at the japanese tankan report this week. look at the pmis around the world. we're at a 26 month expansion. a lot of these pmis, the numbers

have support. >> and could just be sniffing out brighter prospects. tim, thanks for joining us this hour. appreciate it. >> thank you. coming up, at 5:00 p.m., they'll be asking one top analyst what his top picks are for the second half of the year. here a few moments ago, we saw the ceo of seateder point ringing the ball for the stock exchange. let's head out there right now to gear up as matt gears up for the fourth of july holiday weekend. matt, are you expecting record crowds this weekend? >> kelly, we are. we got off to a nice start of the summer. right now we're expecting very strong crowds this weekend. >> matt, how glad are you do you didn't do a leveraged buyout a couple of years ago? >> yeah.

i think our investors are glad even more than me. but i must admit, it's one of the greatest jobs in the world. it's going to be a great summer. >> what can you tell us about the health of the consumer and the disparity in incomes that you're seeing? >> yeah. the consumer -- the good news is here in ohio, particularly where i am today, we're doing all the right things to create jobs. but there's still this bifurcated economy. and you end up with those consumers recovering faster than others. wee need to sit their attention with the young family trying to budget and bring their kids to cedar point. for them, we have a lot of special offers and soever it's working. >> do you think there was pent up demand, matt, for some of these family trips? that certainly seems to be the case with disney. >> yeah. the good news is, both the parks

are doing record numbers. i think that says a lot about kind of the psyche of america. i think we are coming back and i think people are rewarding themselves for all their hard work. certainly we hope that's true for our part. >> and what's the biggest worry spot for you, matt, in terms of the day-to-day operations of the business? >> you know, i think the biggest worry spot is that summer goes faster than our coasters. we have to remind people to do the family traditional and coming out to our parks. >> are you raising wages? what are you guys doing right now? >> yeah, so we're fortunate. all of our full time employees make more than the $10.10 federal minimum wage proposal. we will continue to increase wages as the market demands that. quite frankly, the offset is positive.

>> how difficult has it been to find people to work on your parks? >> we haven't had that this year. i'm fortunate to say we have had the best crew we've ever had. >> they are certainly a loud bunch. congratulations and good luck this weekend. >> we appreciate that. and thanks for having us. take care. >> good to see you. we met the ceo of cedar fair. if you're not going to an amusement park this weekend, you still may be going to a backyard barbec barbecue. if you're hosting one, you may be dealing with sticker shock. kate kelly joins us now on a minnesota cattle farm. tell us why. why are these prices skyrocketing here? >> kelly, these record deep prices so far this summer, this year, really, have shocked even the market professionals. and they show no signs of abating. however, to roger and jeff piney, the owners of this cattle farm here, their cattle market is simply playing catch up.

>> this is how the markets spike right now. but if you compare it to other groceries or anything, really, gas or anything to 15 years ago, now it's finally caught up. >> the peines have had a good year or two in terms of higher pric prices, but they're always looking at the next moment of volatility. and their input costs could always get more expensive. in order to help with that, there are market analysts who also talked to me about what's going on these days. >> a lot of farmers, they are cowboys and want to assume a lot of risk, they live in an environment where, hey, i'm at mother nature's mercy to a large extent, by far the most popular tragedy is just a short future. >> this year's record cattle prices and also record beef price have been noted by everybody. especially because the number of cattle available in the u.s. is

literally at a five-decade low according to industry figures. people are interpreting this as a sign of the economic record. the fact that the conner is willing to hang in there. kate, we hope that's the true. from minnesota, our own kate kelly. we have a preview, straight ahead. plus, it's hard to believe, but earnings season kicks off again next week. will the results justify this sky high market? that's also next. and the rich are getting richer. a lot richer. robert frank is going to round up investors in the markets for 16,000 to almost 17k. and we're talking billions. stick around for some eye popping numbers.

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welcome back. we are inching closer to dow 17,000.

could tomorrow be the day? >> potentially. a lot of cheerleading for that jobs report. strong enough to survive, but no too strong. normally about 120 points the dow moves from top to bottom in a typical day. we did have some nice movers. the one to own here is mxi, the global materials commodity. that's all of the iron ore names, the steel names. they've been moving up and signs of the economy has improved. the gold miners. gdx has been terrible over the last year. but today up almost 1%. hwi, historic high today. disappointing today? well, the airlines are down, but they've had a great run. delta had a little bit of disappointment in their june traffic number.

terrific run for these stocks on the year. there is one big risk that markets are worried about. far and away, that's the issue. you can get it with dramatically stronger economic numbers, increases, for example, wage growth. that would be an issue, as well. a major geopolitical crisis, that's there, but that's way, way down on the list. that's a distance number two. guys, back to you. >> bob, thank you. by the way, viewers of this show heard jim grant call those miners to move about a month ago. the market will be launching on to the next round of earnings due to start next week. what should investors being watching? let's bring in cnbc finance editor jeff cox. what's number one? >> hey, kelly. number one and number two kind of go together. number one has been those prize backs and dividends that have been so integral to the market going up. it was huge in the first quarter. in fact, the second biggest quarter ever for buybacks.

that tailed off a lot in this second quarter. this leads us to the number two point which i think you need to watch for capital expenditures. wall street is putting money to work to grow their businesses. are they confident enough to take that money that was used for buybacks and start to use cap ex? it's all about confidence. look for statements from ceos and cfos about whether they're buying into all of the hype from wall street economistes and strategists. look, we're setting the bar really high. four-year earnings growth of over 8%. 2015 earnings growth in excess of 1 11%. a lot of optimism for economic growth. is that being confirmed in the board rooms of corporate america? >> yeah, jeff, great point. it looks like thanks to rich peterson here, energy is supposed to be up 11%. materials 10%. >> expect about 8 or 9. >> i'm slightly cautious,

wondering if expectation res so high that companies won't actually be able to surpass estimates. we'll have to see, of course, this quarter much more important than other quarters. because the past two earnings reports were clouded by bad weather. so i feel as though this reporter will kind of give us some understanding of how corporations are faring. >> they won't have any more excuses, either. >> offsets have been another issue. i'm wondering what your take is on whether we are setting the bar high. companies have found a way to cut costs to get there. >> it's a great point. that has been the missing link as far as earnings go and as far as company operations go. and the bar is not set very high for this quarter. it's barely 3% profit growth. i think that will be another thing that you have to watch for. what direction are sales heading and how is the consumer fairing? you make a good point, it doesn't feel like there's a lot of confidence as far as that goes. >> do you think there's a lot of

concern about cap ex? i'm seeing folks like morgan stanley and some of the round table expectations had come down fairley frequently. socgen just put out a number, i think it's 2.3 trillion in net debt, meaning even though the cash coffers are getting big, the net debt is getting even bigger. will there be the money out there to do anything, whether it's buyback, m&a, etcetera. >> that's fantastic point. we focus so many on this $1.8 trillion in cash sitting on balance sheets. that's one of the questions that i'm hearing being raced, as well. they're starting to get concerned about cash levels and debt levels. look, junk bond debt at a record issuance. clo is out there now at record levels. so there are a lot of cross

current spreads. we've had this false alarm before about this is going to be the corner that is going to kick off. >> stephanie, if you believe in the sustainability of the recovery and ultimately down the road in some wage growth, what do you do to perhaps respond to companies starting to feel margin pressure? >> i think you want to find companies with pricing power. i think you want to see these companies change in term of their structure overall. but that makes us all the more important to hear what the guidance is, to hear about demand on the top line.

so i think there's a give-and-take here. low expectations could continue to see this rally work. >> the important thing to watch. >> by the way, next wednesday is when alcoa reports been it's everything from autos to consumer issues. now close but no cigar today for these markets. will the dow be able to crack 17k tomorrow? larry kudlow and dennis gartman will join us with their view next. and one of the world's most powerful ceos says women cannot have it all when it comes to a work/home life balance.

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but yeah, you could get a move that surprises everybody. but i really think it's hysterical that we're all sitting around talking about a market that's worried that prosperity might break out. >> isn't that the line of the year? joining us now, cnbc senior contributor larry kudlow and dennis gartman of the gartman letter. great to see you both. dennis, is art cashin right? >> first of all, i had the great pleasure of marinating a few ice cubes last week with art. and yes, art is right. the world is concerned that prosperity may break out. i think prosperity is, in fact, breaking out. port activity is up and that's a very good barometer of activity. tax receipts are up 7% to 8% on the year. a lot of things i'm looking at tell me the economy is doing nicely, thank you very much, and

i think it's going to continue. yes, it is amusing and i think artists spot on, the market is worried that prosperity may break out, that interest rates may go up. they probably shall, but i don't think they're going to be detrimental to the stock market. >> and it's not just this market concern or the chatter of the pros, larry. it's a lot of theory tail public that has this sense of it being a castle built on sand or on air or something. what do you say about these concerns that it's all froth and speculation. do you think people will come out to view some sort of fit thing? >> prosperity and economic growth are fabulous, fabulous things. just go back to the '80s and '90s. those were great eras. they were good for stocks, good for jobs, they were good for the whole economy. the problem is, no, i don't see any big break out here. i mean, this is a strange

economy. it's drawing off decent profits. and i think that's why the stock market is going to continue to edge higher. but you know, the jobs numbers are okay. people are not participating. they're dropping out of the labor force. taking a look at opinion polls. most surveys show the majority of americans still believe we are in a recession. so we haven't seen the real spread of abundance and prosperity. some i a lot of people have been saying don't just launch this payroll number, how many jobs are added tomorrow. the most important things to watch is wage growth. >> i would absolutely agree with that. in the modern world, his competition is not the canadian work worker, it's not the mexican worker. his worker is the chinese

worker, the malaysian worker. >> i thought you were going to say robot. workers all over the world, that's the wage pressure we've seen. shouldn't that open the lead, everything move in the interest of the u.s. worker here? >> no. can i just say something? i've heard some very strange things on our network today. the idea is that high er wages will caught inflation. can i suggest to you that more people working does not create inflation, okay snm inflation comes from a collapsing dollar, from excess money, from horrible federal reserve policy. more people working is a wonderful thing, absolutely wonderful. the problem is we don't have enough people working. look, the jobs deficit, if we were at historical norms post world war ii.

we're at tomorrow jobs numbers have to be around 200,000. it should be 50,000. it drives me crazy. >> but dennis, at the same time, cooperate you argue if inflation is about money changing hands, the more people working and involved in the economy, the faster that money will change hands and that could generate ultimately some inflation. >> no, no, no. >> i'm with larry on this. let us hope money circulates more quickly than it has been circulating. let us hope more people go to work. larry and i have been around to remember when we saw 300, 320

thousand people back to work. >> what we need is to slash the corporate tax rates to 20%. >> bingo. >> even more than that, abolish it. >> the effective rate is already like 15, right? >> that's the problem. that's exactly the reason -- >> but it wouldn't stimulate demand if the effective rate is 15. wouldn't you have to take it lower? >> no. you want them to pay capitalist corporate welfare rungz. >> oh, no, no, you can't order government -- that's not even their business. you don't want to do that. >> the minimum wage is none of their business. what we should have is minimal tax rates and maximal rated. here is the good news.

i'll see if dennis agrees. the yield curve is substantially upward sloping. dennis, i don't know how you are, but to me, you've got at least two years, maybe more, of an economic recovery of some kind or another which tells me that if you get profits at, what, 5%, 6%, 10% a year might beus profits, stocks can rise. >> it will be a long time. we don't get recessions until we have inversions and the fed is not going to play monetary policy and take this to a yield curve for a very long time. possibly not in my lifetime. >> you knew that. >> you ought to listen to what she said. they won't really tighten for

years. >> the only inversion we have to worry about is the tax one i'm told. >> that's right. >> good to see you this afternoon. really appreciate the historical perspective. investors are taking a wait and see position ahead of tomorrow's jobs report. could who had made the most money in this market? you might be surprised by some of the names on this list and how much they've made. necessarily like dark or white. before we couldn't really allow customers to customize their preferred chocolate. we needed a scalable cloud solution allowing them to select what they are looking for. now there is endless opportunity to indulge. customization is made with the ibm cloud. and our luggage was immediately...

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welcome back. jobs day tomorrow. things may be looking up for some parts of the country already. matt ferguson is here for us from careerbuilder.com. what are you learning, matt? >> we learned that there's some geography in states that are growing faster than others. so our studies show that houston, san francisco, dallas, austin, are growing the fastest of any city, outgrowing the national averages both at an industry level and an aggregate job level. so texas and california actually have seven of the ten fastest

growing cities. >> yeah, wow. that's consistent, but some of those california names i was surprised by. just before we bring in the panel, can you tell us what your own estimate, if you will, guess is for the jobs report tomorrow, how strong do you think job growth in this country was in june? >> i think our guess would be above kwon census, probably 220,000 to 225,000 jobs. below where we would like to see it, but still better than what we have been seeing. if we had to guess right now, we would say somewhere around 220,000. >> and that is fairley consistent, carol, with what we're looking for. but the regional disparities are interesting. >> i think some of it will have to do with policies. it will put san francisco and california cities aside. but in texas, three out of the top four, a lot of that is attributable to their friendly environment, low taxes, fostering an environment of growth versus the state that i come from, illinois, which is on a net basis.

i think we gained 500 jobs over the last nine months. and i think one of the themes going forward in terms of the competition between the states is who really has that tax only policy, the small business friendly policy. there was a survey that came out and texas was rated aplus from a small business standpoint. >> what would you say, if you looked across the cities where job growth is picking up, what is the one unifying faster if there is one? >> i think she's right. texas stood out. dallas is a broad-based economy. houston obviously driven by energy in the top five and austin driven by technology. so one thing that is -- texas has been the best job over the last several years, creating new jobs and providing a great environment. california for obvious reasons stands out as a place where you see that. miami is recovering, so i think that's probably based on an

improvement in the real estate market there. phoenix stood out as a city that's doing well. but she's right, chicago, new york, philadelphia, all underperform the national averages based on their geograp geography. >> i'm just curious. do you think june is a snap back from the first half of the year which was plagued by weather? >> i would be surprised if we get there in the next couple of months. we'll see a snapback. the adp report today was very positive and it goes above what people thought. construction and small business stood out. obviously, if we can get small business creating more jobs, then i think you'll see us get above a 300,000 jobs created in a month coming up. >> it seems there's been disparity in the quality of

jobs. are you seeing more hiring among experienced employees or new positions? >> there's job creation at a fast rate for skilled workers. we see a lot of creation for low skilled jobs. the middleweight jobs is where we see the least job creation and that's troubling and that's part of the national debate about a widening income gap. >> matt ferguson, we will look for that in the reports tomorrow and in the month ahead. >> thanks for having me. mcdonald's, fried by the best ranking chains. see where the golden arches finished. also here with the dow hitting highs 17,000, who is making the most money on this market? robert frank has the answers.

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[ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ welcome back. we just heard kate kelly talking about rising beef prices. but today, with a whole list and what's going on with chicken with allen. golden arches not so golden. >> not so golden. but right now zipping past is a

feature we just did on twin citys and what they have that no other city in the united states has. can you guess? lowest unemployment rate. only 4%. so we go into the reasons why. second story, which has been strong all day, already 63,000 people have read it, is our write-up of conzoomer reports and their survey of what's the worst burger? they say mcdonald's. personally, i disagree because i finding in better for a hangover than a quarter pounder with cheese. but people have been eating up that story. and finally, our number three, this is probably the coolest thing we've done in a while, kelly. it's a data visualization of the dow 30. and what it's done throughout history, what the members of the dow were and what they were contributing during those years. and you can look it up. we've divided it up into time periods. great recession, the merger mania of the 80s. the roaring 20s. if you're a data market geek, this is the thing for you.

you can click on it all day. while it's not the top traffic polar, it is huge on engagement right now, kelly. >> allen, there is the shot of it there looking at the 2010 to the present recovery. in other words, about the last four years of market performance. but you can click back further and take a look at what dow components were and how they were behaving during each decade prior, as well. thank you for drawing our attention to it and take -- i was going to say take it easy, but i'll see you before then, anyhow. >> thank you. lighting up twitter, peppy ceo said this -- >> i don't think women can have it all. i just don't think so. we pretend we have it all. we pretend we can have it all. >> so can women not balance a successful career and family life? you may be surprised about what our panel has to say when we come back. ♪

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justice department's mortgage fraud working group that eric holder, of course, launched a couple of years ago. that resulted in the hefty jpmorgan settlement, the expected bank of america settlement. citigroup offered to pay roughly $4 billion, in that range, but the government was said to want $10 billion. there's quite a disparity between those two numbers. and it appears in the light of this associated press report that they were not able to meet in the middle anywhere in that settlement. now, of course, the department of justice's next step would be to file a lawsuit. sometimes this is a threat, sometimes it's a red herring. that can bring the bank back to the negotiating table. but this would be pretty serious news. you would expect if we don't see any earnings, that the company would have to address this. >> stephanie, your reaction to this? >> we've seen a big story between the bank of america and the government and now citigroup and the government and jpmorgan. it makes it look like at least they're able to get their deal down quickly. it was a little bit more than we

first thought. this is the reason why these stocks are trading where they are. you have to look at the underlying fundamentals. net interest them, they're cleaner. >> well, is that the case that with the rollover -- >> the sun trust settlement was billion dollars, it's not ten, not 13, nowhere in the range of what these big banks are paying. you have to see they will see an earnings for this. some of these banks did not expect a bill this large. so they vven been putting away some as much as the bank of marc. >> they are in trouble for a different reason when it came to their recent settlement. but that's an issue we will try to explore further. we have to take a quick break. we will come right back. y do in, our bank is through. good point. grab an edge. look there's two guys on the state farm borrow better banking sign. nope for real there's two dudes on the state farm borrow better banking sign.

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tdd#: 1-800-345-2550 open an account and earn 300 commission-free online trades. call 1-888-628-2419 to learn more. tdd#: 1-800-345-2550 so you can take charge of your trading. . >> welcome back. here's candid views on being a working mom. here's what she said. >> i don't think women can have it all, i just don't think so. we pretend we have it all. we pretend we can have it all.

you know, my husband and i are married for 34 years. we have two daughter, but if you ask our daughters, i'm not sure they will say that i have been a good mom. i'm not sure. >> well, this discussion is so fitting. stephanie link here, are you a working mom. what do you think about this? there is now a debate. one group says you could and vould it all, one says you can't. >> i agree with a lot of things she says, there is a lot of guilt, a lot of balance, you have to have a lot of good help and trust to make it work. i think you can have it all. you will have a lot of emotions around it. some days you will be a better mom. some days you will be a better worker. i know it's pretty rewarding to have it all. >> having it all is a native concept. can you not make two things your number one priority. there is always going to be a tradeoff or a sacrifice. i don't care if you are a man, a woman or a cat. maybe a cat can have it all.

men and women definitely can. so i think the balance is from not striking a balance on a day-to-day basis. over long periods of time, not let the spinning plates hit the floor. >> you should have interesting cultural comments as well about her experience. just as a female ceo, getting the respect of her family. >> sure, can i feel for her that way. having a tough indian mom who says at 10:00 p.m. go to the grocery store and get milk. it's something i can relate to. i think young female professionals trying to carve a career path while factoring in a relationship, marriage, as well as kids is something that is quite refreshing to hear are from her. >> i wouldn't call it refreshing. i'd call it terrify, with someone that wants to have kid, i'm great the debate is being had and people are finally trying to be honest about the reality and the trials of doing this, for those of us who weren't there, it's terrifying.

>> beknwe know someone can say can have it. >> you have to have people you can trust, not only four family member, people around, that you can go to leave to get to the office at 5:30 in the morning or get up and run at 4:30 in the morning like i do. you have to have these trough tradeoff, it's what you can handle. >> as we make these accommodations to families and a more flexible schedule if people have personally sacrificed so much, they will feel, i am glad we were able to make these advances. i didn't know we were to have the opportunity and the wherewithal all in the past. >> no doubt, there is more people, more acceptance of it now and the tradeoffs and the balances. when i first started in the business, uconn even wear pantsuits. so things have come a long way in a lot of different areas. i do think if you want to try

it, you have to try it. you have to make a nice support system around you. >> unfortunately, it's sometimes the most important point of your career is also the most important point biological to devote time and attention to family, are fundament amelie if conflict. >> i think it's all about priorities and partnership, sitting down with your significant other and figuring out, what are your goals and objectives and what are the things that are most important to you. as we said, there is never going to be a perfect balance. you have to make the decision based on the goals and objectives that fit you at that time and those shift over time. you can move those and change them around overe over time. you do what is best for you and your partner. >> by the way, there is an interesting anecdote. we had a goal talking about how to better give everybody this work life balance. there is a guest speaker, she said, there was a time when she was on dead lean with an important story, she is trying to get her daughter to ballet,

the daughter couldn't get there. she is skroeming at the girl in the back seat. she is upset with her mom, sort of not behaveing. she realized, maybe my daughter couldn't miss her ballet lesson. in the time you studies, a lot of people spend more time with tear kids than they have in the past. >> i think also communication is very important. obviously, not when they're two-years-old, one-years-old, two-years-old. as they get older, you want to explain to them what is going on. they can respect you over time that you have tried to build a career and to be the best mother you can and partner that you can. i look up to my mother. she worked and she had three kids. i only had one. she had it a lot harder than i did. >> that is one theme unclear from indra's generation and the next generation, perhaps a message from the cheryl sambergs of the world, especially in this day and age you can or at least you should try. >> if you lean in. >> i think it's important to act

knowledge the men out there, too. i think they often get shafted in a conversation. they're making tradeoffs. they want to be home with their families. sometimes it doesn't getting a knowledged, that wasn't the quote/unquote stereotype. >> and hooray for all working families. a clarification now on the citigroup story we were just discussing. kayla. >> technology is a good thing. other times you want to clarify that citigroup story we pensioned earlier, that was actually originally published on june 13th. it's interesting we haven't seen that lawsuit even though it was forecast several weeks ago. so we will keep on top of that citigroup story. for whatever reason that re-appeared on our screens from a couple weeks ago. >> thank you for that. do we, last word, need to await word on how beg their settlement will be with the government? >> they haven't been good at giving us many details on this, but we will ask them for sure. >> we will leave it right there. thank you for all your thoughts this afternoon. we want to get over to melissa

lee and the "fast money" crew with a look at what's on tap. melissa. >> hey, there, kalely. we have a top pick analyst for his top picks him one is apple. two of them are stocks we barely ever talk about on this show and probably on this network, in fact. >> stay tuned. >> "fast money" starts right now. live from the nasdaq markets, new york city's time square, the traders are kim see mohr, brian kelly, guy adami. a record for the dow. coiffers breaking out, commodity stocks, seeing pretty gig gains today. tomorrow a shortened trading day. we will include the jobs number and the european central bank decision. could those reports spark some big changes in the market, especially, as we are lulled into believing this is a low environment. >> the fed is keeping it low. yellin today perpetuated that, basically, said it's about the pragmatic oversight of markets and regulators