market a little more than a lot of people think. that's what i'm hearing down here. >> it's the direct opposite of what we saw yet. what was down yesterday seems to be up yesterday. what was up yesterday, a little bit down today. an interesting weekend ahead. that will do it po "power lunch." >> "street signs" begins now. stocks bounce back even as russia remains on edge. hi, everybody i'm brian sullivan. mandy is off today. melissa lee is in the house with us. plus we list the biggest concerns for to being your side of russia in the middle east. the real reason rupert mer talk wants time warner. the one stat about ibm may make you think differently. >> trademark infringement going on over there.

which are hattist hit biotech as well as the airlines making a strong comeback, though the commodity markets will tell a slightly different story. they're still basically holding on to the gains they made yesterday. >> a short time ago, president obama commented on the tragedy, confirming the united states believes russian-backed separatists did indeed shoot down the plane. let's go to jim miklaszewski with more. >> brian, all military and u.s. officials know for sure is that there was a s.a.m., a surface-to-air missile, launched from the rebel-held territories in eastern ukraine that took down that malaysian airplane. that's pretty much where all the intel stops. today in a white house briefing, president obama has called for a thorough international investigation. >> this was a global tragedy, an asian airliner was destroyed in

european skies fill with citizens from many countries. >> and we will hold all its members, including russia, to their word. >> now, russia's word, according to u.s. officials is that they pledged to help de-escalate the tensions there in eastern ukraine, but ever since then the russian military has been pouring in heavy artillery, tanks, even according to u.s. officials some of those missile launchers that could have been used in taking down this malaysian airliner. there's also one more intriguing mystery to all of this. while they say the missile was launched from rebel-held territory, they still don't know who laurchled it. was it the rebels? or was it russian forces themselves? s intelligence and military officials are digging deep into

whatever intelligence they can to try to answer that question. but regardless, it was a weapons system, and u.s. officials say a russian weapons system, and that alone makes russia and president vladimir putin culpable. >> jim miklaszewski, thank you. >> you bet. israeli forces in gaza, and do not forget about i.s.i.s.'s continued run through iraq. there are material concerns outside of geopolitics. first to you, from a market perspective what are you concerned about? >> i think we've started to see some cracks in the foundation in the bull market. they have been widening. we saw it in europe with this thing with portugal. but the portuguese market has not bounced back hardly at all. more importantly, the european

financial stocks have also seen a very feeble bounce back. on this side of the pond, high-yield market, it's broken the trend and i think most importantly we've seen a widening of credit spreads, two-year credit swaps, in a tight range for basically all year long. it's broken out of that to the up side. it's funny how the widening of these spreads started at the same time the european banks financial stocks started rolling over. and we're starting to see some cracks in the -- in the foundation of the market even though the dow is at our near all-time high. >> dan, how do you interpret the bounce back? it seems like investors see more risk to the up side, in that they are afraid they may miss the up side. >> i think that's generally right, melissa. i'm admittedly a little pried

writer up as much as today. so far this week it's hard to argue that it shouldn't be to the up side in the near term. >> dan, i know you my friend. there's been decent news. >> first of all, happy birthday, my friend. >> how do you know that? >> is it really? >> how do you know that? >> i know everything. that is true. that's why you come on the show. i saw you on espn -- no, that's not true. thank you. >> you're welcome, my friend. >> there's plenty to be worried about. matt pointed out a lot of the

things people are worrying about today. my only point is relatively speaking, and ultimately the path for equities has been higher. there will of course eventually be a top and a decline. the people pointing to these worries will claim victory on that day, but there's nothing new about these worries. for me i'm waiting for one of the themes driving this bull market to change. i'm not looking for credit spreads to be modestly wider. i'm not looking for things that matt pointed out. i'm looking for a theme to change. right now those themes have not changed. fath forward a bit. you're looking into the premarket, and i'm sure there will of developments. what will you be looking at at your korean on monday night. will it be the euro/yen cross, which many say is a good risk barometer for this particular

situation? >> well, first of all, i'd like to say happy birthday to brian, but also tomorrow is my parents' 62nd wedding anniversary. >> that's something to celebrate. >> my birthday is on monday. >> my birthday is in november. we're all caught up. >> we do want to look at that cross. because of carey trade, it's a good indicator of net liquidity. i always say net liquidity, because the fed sometimes -- for instance, in 2008, the fed was poring liquidity into the system, but net liquidity was still negative. if we continue to see some of these issues continue to percolate up, it will be a problem. the one thing i would differ a little bit from them is we are starting to see some cracks in the credit market.

and the quality of that issuance isn't as good. >> but matt, the default rate is at record lows. i mean, nobody is defaulting, nowhere. >> it was in 2007 as well. the same thing could be said about earnings. in the first quarter of 2007, we saw record earnings, even better in the second quarter, then they rolled over. so the thing is when you start to see cracks in the credit markets, that will be a big problem. leverage works both ways, the market went up 30% even though earnings went up only 5% or so. when leverage needs to be unwound, and if that happens in the credit markets, we know it can spill over into others. the fall can be further than a drop in earnings, or even an increase. >> if i can just disagree real quick. matt is right, obviously, but two quick points. the first is, that happens all

the time. it's not as extreme as perhaps we saw in 2013, but there's plen of years where the s&p 500 goes up more or less than earnings. secondly just because that happens doesn't necessarily imply more leverage. that's an entirely separate argument. >> guys, we have to leave it there. >> the unwinding of leverage is an important issue. just because it doesn't work one way doesn't mean it won't work the other way. just look at the margin debt to show how much leverage -- >> that doesn't matter. >> on that note, on that dismissal -- >> a huge, huge mistake to make. >> we will continue that discussion i have a feeling. melissa, on my screen, oil stocks have been incredibly weak the last three weeks. almost every symptom on my screen is down double digits. >> sideline in crude. good conversation, guys. mad and dan, happy anniversary, happy birthday, blah blah blah. grows and it looks like it

all started on capitol hill. >> yeah, and fedex has been indicted, accused of helping deliver illegal drugs. the xree is firing back. stay with us. ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event,

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the investigation may have started with congressional staffers. eamon javers, clear this up for us. >> we're getting new information as a result of a document dump

by the s.e.c. in court proceedings we got access to just yesterday. here are the questions at issue in this case. starting with this one -- did a congressional aide tip a lobbyist as to health care news that was moving? in this case health care news that would benefit certain hurricanes companies with increased payments. obviously that has market significance. did that aide then tip a lobbyist -- i'm sorry, did the aide tip a lobbyist, and then that lobbyist tip a firm height securities. did it pass the tip on to its clients? and was any of that information changing hands? if it happened, it's insider trading. in the cross hairs we learned last night are a whole host of wall street elite.

25 firms head quartered in new york. 19 in other states, one in d.c. we've seen subpoenas now to witnesses in states across the country in this investigation. brian, it touches on a lot of interesting legal issues, including separation of powers between the executive and judicial brajs and legislative branches. it also races the question of what is insider trading. congress passed the stock act applies laws to itself. now this is the first big test of that, whether or not it is insider trading for staffers to tell lobbyists and others what is going on up here. >> eamon javers, thank you very much. fedex indicted for knowingly shipping packages from illegal online pharmacies even art repeated warnings from u.s. authorities. fedex says it is innocent and claims the doj charges threaten customer privacy. the company says in a statement -- we are a transportation company, not law

enforcement. we have no interest in violaten the privacy of our customers. we cannot do the job of law enforcement ourselves. fedex is trading a little bit higher, by about half a percent. mitch, i'm going to start off with you. fedex makes a good point. how can it police essentially every single package, where it comes from and what the contents are? isn't that an unfair burden? >> it would be an unfair burden. but what they are being charged with is that they knew these shipments were illegal prescription drugs, and not just that they knew they were prescription drugs, but that they knew they had been illegally prescribed without getting a valid prescription from a doctor. it's that level of knowledge that you need. listen, the u.p.s.d. united states postal service, and fedex, they ship things every day that are illegal. they've never been charged with

that. >> if the post office did the same thing, would the s.e.c. indict the united states post office? i'm being facetious, because it's not a stock, not a publicly traded company. where is the post office culpability this. >> the culpability comes from, if you read the indictment, is they particularly went out and started the online pharmacies that they were warned that these particular pharmacies were not given valid prescriptions, but taking bog us prescriptions and shipping the drugs. if the united states postal service was doing that, i'm not sure that it could be indicted for separation of powers reasons, but it would be in huge trouble. >> i understand the principles of this, but at the same time if somebody law enforcement knew that illegal substances better being transferred. why couldn't they interyoot on use the powers to stop it?

why does it fall on fedex to look at every single package to see where it's from? and by the way, the online pharmacy could use an allance. it could say it'sf broilen as a rule van when it's actually from an on-line company. >> you're precisely right, but it goes 180 degrees. what the law enforcement community is saying is that they western fedex that these two pharmacies were doing illegal shipments and illegal prescriptions. they couldn't in real time taupe further every shipment going out. if they were going to the offices to mac they would know. the stock is up half a% today. the market is clearly saying it doesn't care. should it?

>> i think at this point with the information we know, it probably shouldn't spend that much time focused on this. if you look at this investigation, it's been i don't think good for a period of time. u.s.p. settled with the department of justice for $how million, so the $820 some ilonof revenue potential from these pharmacies, and 1.6 million in damages seems awfully high to what one of the competitors has already settled on. it's important watt drivers are, and that's about the fundamental earnings power of the company and the improvements it's making. >> brian made the point that the stock is certainly shrugging this whole news off. the bond market is also, but i want to drill down. let's just say it's 1.6 billion. how does that hit fedex?

what's the earnings per air, for instance? >> 1.6 mill qulon would be a lot of compete. s it is a significant piece of the company's earnings power, so i think that clearly could be an overhang, but i think when you understand sort of what their potential exposure here is relative to peers, wo have already settled, i think that's what the market is looking at, and probably the more important factor to-looking at here. obviously i don't know all of the details. i don't think any of is do, but ultimately fedex has had a strong track record of litigation with the government. they've gone to court twice with the irs and won both times. the company wants to vigorously defend itself and taps to feel like it has a pretty strong case. >> thank you for helping us where with the story.

>> thank you. what maize time warner worth $80 billion? the real answer that rupert murdoch might want it, maybe surprise you. stick around. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are

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teraform power, is up 35%. it made its debut today. this is looked at as sort of a potential road map for other companies, namely for solar as well as sunpourer. this is one worth watching. 3.6% yield at the ipo price, which is why it's also nicknamed yield co. bertha, what are you looking at? >> comcast has reached a deal with espn to carry the s.e.c. network. the addition of comcast means the s.e.c. network will be available in at least 46 million households. comcast a parent of this network trading up 0.7, so lots of football on tap, walt disney, the parent of espn, is up nearly 1%. get ready for the big ten.

>> no, no, i love comcast, but i will never waft the s.e.c. network. i'm an acc fanned. not football, as in s kreismt, but football, as in soccer. let us bring in david bank. david, fox has the rights to the next two world cups of soccer, obviously a huge win for espn this year. how much do you believe that sports is playing a role in murdoch's reported interest in time warner? >> i think -- i think it's playing a role. i think -- you know, i don't think it's central to the investment, but at the end of the day, if you take the assets that sit at tnt, and tbs, the major league baisch franchises, the ncaa franchises, the nba franchises, and you can somehow roll them together is what fox

is try you to do. you put together something that is not quite in the league of espn, but it's starting to get there. obviously also time warner is one of the only companies out there that will create products and sell them to other networks as well, rather than being tied to their own network creation. you've got to kind of force the sale here. how different is time warner than the other media companies out there because of that? >> well, you know, it's an interesting question. i think something like between 25 and 30% of all primetime scripted drama, you know, is produced by warner, and they don't even own a broadcast network. so you can imagine that if you integrate that studio, which is one of the best tv studios really in the planet, with the broadcast network, you would own the value chain from kind of cradle to grave. you put it on the broadcast network, it becomes a hit.

there is demand for it globally. just because it's a big u.s. broadcast show, and you can improve the monetization. to be honest with you, a lot of us thought that cbs might be the perfect partner for time warner, but i think the fox broadcast network and the warner studio will lever off of each other very well, too. >> what do you think the on the of the bid are. there don't see to be other bidders. a lot of the other potential white knights are tied up with their own. i mean, there isn't anybody else. murdoch may be bidding against himself. is time warner better off waiting? >> you know, that's a really interesting question i think at the end of the day it will be a function of price. at $85, i think time warner is smarter to wait. it is essentially an auction of

one, and i think they're at the bottom of their content cycle, so probably undermonetizing the turner networks. i think they're very early into the affiliate fee negotiations step-up stage, and they're undermonday tidesing that aspect. but if you can get a bit, like with a 100 handle on it, i think that starts to balance the risk/reward. >> here would be my concern. a lot of people buying into the time warner deal, because they expect something to happen. what if time warner -- maybe you know their intentions, maybe they don't want to be a seller. maybe they want to keep their jobs. you know what they could do? be a buyer. they could start buying up other assets so they're unappealing. that defense what's the likelihood that could happen and actually reduce shareholder value in the short term? >> i think it depends on the

acquisition, right? i'll go back and tell you my earlier thought. i think that cbs is kind of the ideal partner for time warner, again depending on price pate, depending on synergies, those could be terrific value-adding transactions, just as, you know -- >> if i'm hearing you right, you think time warner could try to buy cbs? possibly? >> as i said, i'm not saying -- i don't know if they're going to, but if you're asking me who i thought the natural partner was a week ago, if they were going to do something transformative, to me it would have been logically cbs, to marry that broadcasting network with the most prolific, kind of tv studio and cable channels. that's a great synergistic combination. would they do it defensively? i don't know. i think if they thought there was a strategic value, they might have consider it. >> david bank, real interesting

discussing. have a great weekend. all right? >> you be. coming up we're about to talk a fast-food stock that one analyst sees a lot of up side in. >> someone taller and louder than brian? >> is he allowed on the show? >> we'll hear from charles barkley about investing. >> thanks -- i think. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers

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comcast business. built for business. welcome back. we have an eventful day, so here's a friday recap of the major headlines. the president saying at least one dual citizen american was on flight 17. the president came very close to blaming russia outright for the shooting down of the jet. he also warned president putin not to obstruct the investigation. israel continues its operation to root out the tunnel networks in gaza. ? in fact, we have a nice bounce back on wall street today. the nasdaq not only up, but erasing all of yesterday's losses. so big bounce back today. >> just off the session highs, in fact. time for street talk, our daily

rundown of analysts recommendations. we kick it off with wendy's, because they got a buy rating. stock is up 2.5%. in fact buckingham that's about a 30 respect up side. it's the peretzen burger, baby. >> you missed it because we were off camera, he just hit me. >> that's not true the i waved my arms and you happened to be in the right. right. they are long. >> it looks like it's helping the stock. bc is the ticker there. they raise the ratings on a solid core business. what better reason, right? target on bc, 52 bucks. >> bc also just sold their

bowling business. >> to bold more. >> a famous new york name. >> the firm citing low visibility of a potential turnaround. i hate these -- i'm sure you do too, melissa, a downgrade, but the target is 63, so 89 cents of up side. it's been a rough year for nu skins. i'm sure you talk about it at dish. >> thank you brian. that makes up for hitting me earlier. the ander sons upgraded. it's an ethanol play. it's an agricultural play. their target said at $63. maybe ten slightly plus percent of up side. that's an increase from where the stock is currently trading at 55.84, but it's already had a big run, up 45%.

>> let's get to our fifth stock. always an under the radar name, eagleford seay, ticker sm, the bakken got all the attention, but sanchez energy in focus. their target, $41 a share. stock's at 32.82, so about a 25% increase. sn is currently trading. another hot one, melissa, up about 30% over the last year. time for talking numbers. let us talk ge. rich record on the technicals. david seeberg, melissa lee on keyboard. a huge positive off the 2009 lows, who hasn't, but it's still $15 a share from the 2007 highs. keep in machined these down 4%.

with the s&p you said 8%. which is all the oftentimes the early sign of a reverse at in trend. i'll show you the trouble here. we do climb our way higher. you see can see the nice well-defined trend line, and nice -- that sets us up for the sharp pullback to the 200-days, which we retested today. veerly a break beround that 200-day. and more importantly, brian, when we pull out and look longer term, you want to waffle that 50-week moves average. that culls in an.88. i would not buy it here and be on a strong seller. >> steve, you're nodding your head, but how about the financial spinout? won't that be a cat willist to

allow ge to trade along the lines with his peers? >> i think. first of all, i'm absolutely in the same page. i look at the -- the key with this company is the transformation, right? they're transforming to a more industrials pure play, and going through that process. it's obvious that it's starting to work out for them, but look at the p.e. verse the other pure industrial plays. it's not a significant enough discount for me with all the risk ahead of them from an execution perspective. look, i think they have a lot of execution to really show the street before the stock starts to move higher, el generally wouldn't be a buyer at these levels. plain and simple, too much risk from an execution perspective. >> thanks, guys, have a great weekend. be sure to check out the online edition. head right now to cnbc.com/talking numbers. how to make moan in commodities right now.

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the knack dab is off its session highs. bill griffeth, michelle caruso-cabrera, coming up on "closing bell." >> a lot of the are still around from yesterday. we're just trying to assess the risk element in all of this and what the market is likely to do with it. and it's expiration day here. so that's going to complicate things. >> when you look at what's happening in today's market. every gee on political event, one day, maybe two, this is the move along nothing to see here market keeping on going. >> can it last? we'll see. we'll see you at the top of the hour. >> can we just point out, by the way, that despite all this, the s&p 500, unless it turns around is going to end the week higher? >> to my point, exactly. >> it is amazing. we'll look forward to it.

>> see you. "closing bell" will have a big discusses about the stock market, but let's tack about a different vetible ideas. commodities, are they generally a good place to be? it's been a while since i've talked with jack. but i'm happy to do it now. commodities is a big words. it encompasses a lot of things. what specifically in that big wording of investing do you like right now? illustrates i think we have to break it down a bit. if you're talking about commodities, of course, it's a very wide range. as we talk about energy, for example, there is a certain sector that we all agree on is going to be something that's in great demand, especially if we agree this global growth story is still intact. when we look at the grains, for example, we're looking at record harvest, but we have to put it in perspective. we have federal reserves, central banks out there infla

inflating the economies, doing whatever they can. the last time this was done, brian, was in the '30s and '40s. in that time we saw soy beans go from 44 cents to 4.50. corn went up. nothing different about the protein count or yield per acre. so we have to be prepared for that velocity of inflation. so i would say major sure of a certain sector with exposure to commodities. you cannot have it long only. it's a certain sector that has to be actively managed. i think we would all great that if indeed the wort is brows at the pace -- >> i'm going to connect the dots. you think commodities is in your portfol portfolio, actively managed, so you do not think that gold can be put in your portfolio as a safe haven trade. certainly it's nobody been a

safe shave. >> i don't think of gold as a safe haven. >> i don't think of it as a commodity. it's got a mind of its own. if you're going to talk about the metals, look at copper. it's the most widely used metal, the closer you get to $3, the more concerned i would get that we're going into a dysinflationary spiral. the closer to 4, you worry more about an inflationary spiral. it's nirvana for the stock market, one of the reasons it's doing so. but we want to keep in mind that a lot of these commodities, most of them are tied to the dollar. it's been a turn in the dollar. the stronger the dollar seems to get, and i'll use larry kudlow term. if king dollar returns, all right? then it's going to keep a lid on commodity prices.

if king dollar is not there and turns into another one of those currencies we think might happen, then buck the your seat bells and be loan commodities, jack. >> have a agreed weekend. >> twister is not is there skepticism. we've got a lot of other tech topics, coming up.

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three big tech names in the news today. let's dig deeper. roger, great to have you with us. i've got to start off with twitter. we're seeing a strong bounce in the nasdaq composite today. twitter is the notable laggard in this. they're unveiling new metrics. call me a skeptic, but it seems they're coming up with new ways to measure the relevance. the old ways are not show youing growth anymore. one of the things that's happening is subscriber growth is actually pretty tepid at this point. they're still about a quarter of the size of facebook.

so that is one aspect to it. to offset that, there's the fact that they're increasing their ability to monetize, or adding things like a "buy" button this week, other ways to make money in-app. and so on. so i think you'll see a higher proportion of revenue per subscriber, but that subscriber growth is troubling to some people. >> along with these sort of measures, the introduction of the new metrics, they've also bringing in this goldman sachs patina to twitter. are you favorable on the name at this point? >> well, yeah, i think that twitter has a viable place in the sun. to some degrees it's a bit overshadowed by foible possibly by sheer size, but twitter is uneedily mobile. it has the possibility of sort of surfing this kind of younger generation style of

communication. you're seeing new usages like authors performing novels in the form of tweets, so there's still some innovation, and i think it's relevant. it justno, and it also comes doo the valuation. that's the issue. but let's move on. let's talk about ibm, all right? i want to show a graphic to our viewers who may not recognize what ibm's done over the last ten years. what it hasn't done is grow sales. in fact, revenue is maybe fractionally higher than it was a decade ago. what has changed is share count. share count has gone from about 1.6 billion shares outstanding to 999 million. that is not the kind of way to get earnings growth, roger. >> well, it is a way to get earnings per share growth, however. >> yes, yes. >> that has to be said, but yes, you're right. so, the thing about ibm's business model you have to understand, they're continuously plowing under older businesses. this year alone they got rid of the x-86 server business and

they're always looking at moving the hardware elsewhere. for example, they're looking at shopping the semiconductor unit as well. they may retain an ownership there. but the point is, those are kind of the rust belt from their perspective. and they're looking at the growth in cloud services and hybrid cloud, and that's where they're doing their investing. so, yeah, their revenue is pretty stable, but what they try to do is maintain high margins by bringing in these new leading-edge businesses where they have a bit of an advantage, and to leave some of the more commodity-like things to other people. so, that's been their business model, but it does involve getting rid of revenue, and in fact, their hardware revenues have been fairly weak in the last few quarters. >> this doesn't change the problem, though, roger, and that is that they've been slow to recognize the secular threats that face the industry, that its competitors recognize perhaps earlier and now have the lead over ibm on, especially given it's hard to steer the ship. >> that's right. >> they were slow to the game with cloud and when it came to

sas, software as a service, so now here they are buying hewlett-packard. what can they do? this is like steering the "titanic" at this point. >> there is the argument that it is an old company and it may be the oldest info tech company, so they have that, but they are attempting to renew themselves and they're gaining ground. they basically have been buying a lot of small companies to fill in their software portfolio. they will not be a cloud services provider in the way that amazon and microsoft and google are, and they're not that interested in the public cloud, although they want to be able to help their customers pivot in and out of the public cloud. but their view is really that the hybrid cloud is what their customers, the enterprise customers, are going to be doing, and they want to be there to help them with that. so, those are the kind of services that they're acquiring, and that's what they're hoping to be selling in the future. >> sounds like you're -- >> before we get to google, quickly -- >> i don't want to get to google. >> no, you really don't. should we break up ibm? >> yeah. roger, it sounds like you're, i

won't say making up excuses, but you're sort of giving ibm's case. it sounds like you're a buyer of ibm. i'm trying to understand why. >> i would call myself more a holder of ibm. but for example, this deal they announced with apple earlier this week, that's a great deal. i mean, from ibm's point of view, there's a bit of development involved, but really, largely, it's a way to get back into the client business, which they've been out of entirely by distributing the client that everybody likes, which happens to be apple. so, that's actually a great thing and it's a great thing for apple, of course, for penetration into the enterprise, but it also helps ibm get more of a footprint in the enterprise and grow some revenues there. so, they are thinking of things, they're innovating, but i agree, revenue growth has been slow or non-existent, and you could argue about that, if you want. >> well, we could or we could move on to google, which i think we should do right now. okay. so, google, revenue is good, all right? people like the revenue numbers. here's my issue. we just talked about ibm, right? microsoft, we saw the 18,000 layoffs they announced yesterday.

i didn't realize google has nearly 50,000 employees now, roger. is google still -- >> yeah, pretty big. >> -- that growing, nimble, sort of upstart? or is it turning into, with all due respect, microsoft? >> well, i guess yes and yes. but i mean, really in the sense that it's somewhere in between there. google is maturing, but for example, its android effort is really yielding fruit at this time. it's continuing to invest in things in the future. i'm really into the google automobile thing. i mean, i love the idea. i want to give over my driving to them so i don't have to do it anymore. i love that idea. so, whenever they're ready to take over driving for all of us and optimize the transportation system, i'm all good with that. so, in terms of having future projects which don't right now generate revenue, but are interesting and innovative and likely to yield in the future, they're investing prudently, but they're still bringing a lot of money in and paying it out to shareholders. so, effectively, they're managing their money pretty

well, investing in future businesses. they're not quite at the microsoft investing in things that don't work moment yet. >> yet. >> well, you know. >> i didn't realize, melissa, how -- thank you. thank you very much, roger. >> thanks, roger. >> my pleasure. >> i didn't realize how big they got. i knew they were big in terms of revenue, but nearly 50,000 employees. >> massive market cap. up next, we'll tell you where mandy's been and what she's been doing, and it's not just talking sports. she's been getting advice as well. >> i think if anybody is an average investor out there or you really want to study something, cnbc is the place to be. >> did i just pay you to say that? >> no, that's just coming from me. >> i can say on the record i did not pay you to say that. ♪ during the cadillac summer's best event, lease this 2014 ats

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gives you a more powerful investing experience. call our specialists today to get up and running. all right, let's wrap it up. mandy and producer kevin flynn traveled all way to lake tahoe, california. they walked, in fact, for the american century golf outing. they were supposed to be live here yesterday, but obviously, the malaysia air news superseded that coverage, but thanks to the magic of digital recording, here's some of the highlights. >> i personally like the financial area very much. obviously, morgan stanley had a wonderful -- their earnings came out quite well today. jpmorgan is one i'm looking at. citi is one i'm excited about. i think with the mortgage crisis behind it, with the possibility of interest rates coming up, that whole sector to me is very, very exciting because it's been beat up so much over such a long period of time. >> property is never going to go anywhere. it's never going to go anywhere. i think i heard oprah said it one time, she was talking about

properties. she says, always buy land because that's the one thing they're not going to make more of. and it was so, like, wow, that is so profound. that's the one thing they're not going to make more of. >> seems like everybody wants to make a deal nowa days and sell their souls to somebody. i don't believe daniel's that kind of a man. i believe daniel snyder has taken a stance that he believes firms. he believes in the washington redskins. he grew up idolizing and loving the team. this is the fulfillment of a dream for him. i had the opportunity to be in albuquerque, new mexico, at the new mexico bowl earlier this year. i spoke to a number of native americans. not one -- this is my own personal experience -- not one came up to me and said i'd like to see the name changed. >> we need to get donald sterling out of the game as soon as possible. he's obviously just being a jack ass, to be honest with you. he's 80 years old. he made his own bed. he put himself in the situation. he should do the right thing and sell his team. >> all right, so, i hope mandy will be back monday and with one of those chairs. those chairs were sweet! >> looked amazing. they look amazing!

>> where did they get those chairs? freddo from tahoe? >> shipped them in. on "fast money," we're talking about abbvie and shire. >> thank you. >> thank you, brian. >> have a great weekend. "closing bell" starts right now. and we do welcome you to "closing bell" for this friday. i'm bill griffeth here at the new york stock exchange. >> i'm michelle caruso-cabrera in today for kelly evans. international events are dominating the headlines, but wow, look at the markets today. they're having a decidedly different reaction. dow jones industrial average hasn't gotten back everything, but it's up more than 100 points, and the -- >> nasdaq -- >> -- nasdaq's gotten back everything. and the s&p about three-quarters of the way from yesterday's losses. >> and this is an expiration day, so some options and futures expiring on the close, may get some volatility. we'll definitely get some heavier volume on the close, so we'll watch for that in this last hour. here's the question w