about 34 points, but the transports, if you want to look at the answer vary, they're going gang busters today. >> very interesting today, sue. lots of news moving on the international front, that will do it for this edition of "power lunch." >> "street signs" begins now. >> welcome to bizarro tuesday. the fundamental aa banning flight, and ackman's herbalife snafu. this has got to be one of the most interesting days in a long time. plus the bad news headline that may be good news for housing, mandy, what might be the single hottest restaurant city? its not your beloved new york, not san fran, not l.a., it is a

tease. >> you have to tune in for find out. >> two flecting rulings. >> right. everyone was watching. two rulings within hours. the first ruling is a blow. a three-judge panel ruling that -- in that case, the affordable -- for people who buy insurance on healthcare.gov, because the letter of the law says the tax credits are only allowed on the stay-run exchanges. we're talking almost three dozen states, the oranges ones including texas, florida, ohio, that were all part of the federal exchange. if today's d.c. circuit ruling from that panel is upheld, subs decides for 4.7 million

americans would would go away. next door in virginia, a couple hours later, the 4th circuit court of appeals upheld the obama administration's legal right to provide subsidies on the federal exchange. the conflict will need to be resolved. what happens now? the first ruling came from a three-judge panel. the obama administration will appeal to the full bench. if the full bench upholds the ruling and says, no, you can't offered those subsidies, then the matter would likely go to the supreme court, because you have two appeals courts conflicting. federal exchange subsidies in the meantime, if you've got one, will stay in place until those appeals are done. professor ken thorpe says it's important for the courts to get this straightened out quickly, because 2015, open enrollment starts november 15th. analysts, even the america's health insurance plans are saying these things take time. this is not something that's going to impact somebody today.

>> thank you. trying to clear that up. it's complicated. as we told you at the top of the show, the insurance stocks are kind of oddly rocking. dominic, what is going on? >> it's anyone's guess right now, but you can figure investors are at least liking what they hear. health insurance storings were higher before that first appeals court decision, and then right after the appeals decision, and then stayed higher even after the second appeals court decision, so investors are taking more of a wait-and-see attitude. if you look at names like aetna, cigna, wellpoint, all of these majors are up by at least a percent, so at least for the time being, guys, mandy, brian, the insurance stocks are not taking a hit because of this particular ruling. >> let's get to the bottom of it, thank you very much. dom. robert le she was can i, bob he's the accepted top expert. that's why we're bringing you

in, bob, even if it is on the phone. thanks for your time. >> it's the fundamentals with the insurers are still very good. they're making good money. the enrollment is stable. obama care has hurt them at least yet so the fundamentals are pretty good. i think most people, while they take this seriously don't expect the supreme court to throe out such a major part of obamacare. chief justice went into major contortions to preserve the mandate. you have four solid votes to keep obamacare going. roberts has clearly signaled he doesn't want the court to negatively impact the law, so i think there's the expectation while a torture out journey, in the end it will be okay.

ostensibly there would be a legislative fix that would be fairly easy, but given our legislature, our congress, it's not so easy. how much pressure would there be from the industry to get this resolved legislatively? >> bertha, i think that's the big irony. you hit it right on the head here. you know, if the states can contract with people like accenture to build exchanges for them, there's no reason why a state that's so far opted out of the obamacare can't immediately contract with the department of health and human services to operate the exchange for them. if this thing gets thrown out ironically i think it creates a huge political firestorm for the republican, because it would be the republican governors and legislators where the pressure will shift to them to fix this now, because these people -- people in their states will lose their subsidies, they're going to lose their insurance. so while this might look like sort of an opponent or republican victory in the courts

to start with, i think it becomes a huge headache, because republicans in the legislatures could immediately fix this if they wanted to. >> it's july 22nd 2014, on july 22nd 2020 how does american health care look? >> incrementally about the same, brian. this system is changing, it's dynamic. market forces are coming to play here. isn't it ironic we have obamacare, quote/unquote taking over the american health care system, about you in fact the medicaid business with the hpos is growing dramaticallyic the private some part d medicare, the drug benefit is solid. i'm a critic of obamacare, but it's not going to be repealed. it would have to be fixed. in 2020, i think we'll be on the same track and we'll all still be in the business of health care. bob, a real pleasure. thank you very much for trying to make sense of some conflicting and even confusing headlines. i appreciate it. in other big news today, a

big move by u.s. airlines and the faa, a ban on carrier flights to israel in effect. phil has that story. >> brian, that ban is in effect essentially for the next 24 hours where you'll assess the situation in terms of security there and then make a decision probably this time tomorrow about whether or not to lit that ban. here are the air loons that are impacted. for the u.s. carriers, there are three. delta, united, american which is still flying us airways flights. they have four flights all together between them. but there's other international air loons, lufthansa, air france, they also have decided for the time being they will suspend flights into tel aviv. this was a graphic, a delta flight earlier flying from jfk to tel aviv. it was over the mediterranean when delta made the decision. delta said we're not comfortable flying in there. they turned around, diverted the flight to charles de gaulle in

paris. the reason that the air loons and the f.a.a. are not comfortable with what's happening at ben-gurion international in tel aviv is because there's a report of a market blast within three miles of the airport. it doesn't come close to actually touching the airport, but that's too close for comfort, especially talking after the malaysia airlines flight in the ukraine. you notice it says essentially due to the potential hazardous situation created by the armed flit, all flight operations are prohibited until further notice. we expect some kind of decision whether or not we see this ban lifted. all of them are up and haven't moved since this decision was made. guys, back to you. >> phil lebeau, thank you very much for the report. the markets are still hitting all-time highs. let's get straight to bob

pisani. >> right near new highs, earnings are coming in, still not a lot of panic despite the concerns on the international front. i do want to show you some sectors moving. we have some nice moves in the metals area. there's been reports that vesselors are buys base metals looked at some of these steel stocks, 5% moves, u.s. steel is up 2%. that's unusual. iron ore stocks buy bhp bill i ton t. nice moves there. aluminum stocks are also move 1%, 2% alcoa is up nicely. look at this, up, 6%, 7%, all reports that base metals are improving. you can buy them in an etf, the dbb, a powershares etf. you can own aluminum and zinc stocks as well. aluminum, for example, which trades over at the lme, mandy

look at what aluminum has been doing. all going right to new highs for the year. intoic to you. >> bob, as always, thank you. well, do not forget about earnings. remember earnings, mandy? >> i remember them. >> isn't it supposed to be an important part of the stock market. >> i was told that. >> 70% of companies have beaten on the top line. let's bring in mike hear, and art hogan. obviously i'm trying to make a tongue in cheat, that earnings seem to have been forgotten. are they still important to stock prices? please say yes. >> of course they are. we've used about 65%, 68% of beating on average. we're not good at nailing that, what's really surprising is the estimate for revenues for the s&p 500 will probably come in at

a double of what we thought it was. that's the good news but we started the quarter thinking we would get something like 2% or 3% revenue growth. we may get 4, 5 or 5.5% growth. that's important. i think earnings matters and they will continue to matter. unfortunately they don't happen in a vacuum. we have a lot of other things going on. >> we have a lot of things going on. to that point, mike, we've been talking about insurers moving higher. would you be taking any action of any kind? >> no, i don't think we're inclined to take any action right now. what's important to note is investors are doing what's right. you're seeing a significant rise in those insurers and that i see bassed on the fact that anything involving the government will take a while. the subsidies will continue in the near term. over and beyond that, we don't know what's going to happen, but i think the markets have it right. i really wouldn't be inclined to

buy in at these levels, but i would keep an eye on the situation. >> you're not saying sell? >> no, i wouldn't be -- the rising tide lifts all boats. >> so, mike, your investing thesis right now is don't just do something, stand there? >> yeah, mile investing thesis would be sit and wait for things to play out. we saw 50 days without a 1% decline in the markets. so given everything that's happened, if that doesn't move anything, then you know, you have to be cautious. we have also seen extreme amount of puts being bought against the biggest companies in the united states. there's a lot of investors waiting for a downturn. we're kind of among them being overweight cash, but i think it is a wait-and-see environment. >> what's your thesis right now? >> mandy, if we wait too long for a pullback, we'll be investing over a much higher left. i joked with josh that certain

investors have been calling for a 30% pullback. you really have to look at stocks and says what is trading at a fair market multiple. i think we'll start to see that in some of the small and mid cap stocks. i think, you know, as you look out and say,acy trade at 16 times, if i can get a matador or a resolute energy that's trading at 12 or 13 times, i think the time is now, regardless of what happens to a major market in a 10% correction. >> what sectors do you think have absolutely no bargains now? >> well, you know, there are sectors almost impossible to look at and say they're appropriately valued. i think there's biotech and social media sometimes fall into that, but if you look at it on a case-by-case, there's winners in there as well. to the extent that janet yellen had it right, you can still find bargain, but if you had to pin me down, the other thing i would

be nervous is utilities. versus a dip in the yield, that's a bond proxy that's gotten very over-bought. >> art and mike, and by the way, mike is a new face to "street signs", so welcome on board. we'll get you on again. >> thanks. it's getting more expensive to rent a house or apartment. will that drive people to buy a house? we'll discuss that and get the latest read. stay with us. we're not going anywhere. you shouldn't either. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you.

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existing home sales up for the third month in a row. diana olick, what say you? i would say the signs are certainly pointing in the right direction. not big moves, but positive at least. sales of existing homes in june up 2.6% month to month. the third straight month of games. june sales are still below where they were one year ago, which was when, as you may recall that mortgage rates took their leap higher. mortgage applications are down in double digits. one third of all buyers in june were all cash. home prices up 4.3% in june from a year ago, but that is the slowest rate of appreciation in two years, so those big jumps we saw last year are definitely easing.

the story today, i think, is inventory. listings up only 6% to the highest level since august of 2012, but thingser still tight. i spoke to redfin's chief economist, and she said what they're seeing in tight inventory is because some people are actually buys another home, but not selling their current home, because they re-fied, and they can rent and get someone else to pay the mortgage. >> that had be bad news for renters, but could it be good news for housing? >> there will be some impact on that. some homeowners will -- some renters by choice will become homeowners, but you know, many renters are renting because they cannot become homeowners today.

>> and of course incomes are not rising as fast. >> are things getting easier? anecdotally, you hear radio address, morning that frankly sometimes you can't believe seem to be coming back. >> it's true. it is true that mortgages are easing up some, but truly the credit conditions are tougher than they were a if you years ago, still are, and particularly tough on potential first-time buyers, who renting increasingly. rentership is up, the numbers of homeowners are still not moving much since 2006. >> right, the first time home buyers i think as a percentage

of all buyers of at an all-time low. they're -- where dodds them heading over the next few quarters, susan? >> i don't see is going up. i see almost a contrary impact, a discouraged renter effect. as rents go up, it's harder to buy that home, to have such down payment for the first home. >> susan, we're going to leave it there. hopefully a bit of good news. it seems to be that way. always a pleasure. take care. >> patchy is a good word. >> how many iphones did apple sell in the past three months? apple's earnings come out tonight. they're always huge. we're going to preview them for you. here is today's mystery chart. chew on that. we'll have another hit, coming up.

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financial noise financial noise financial noise financial noise

that's keeping you from the healthcare you deserve.. at humana, we believe if healthcare changes, if frustration and paperwork decrease... the gap begins to close. so let's simplify things. let's close the gap between people and care. apple continues to plan for the launch of the new iphone.

the korean is what is being called the iphone 6 could be as large as 5 puff 5 inches as compared to the iphone 5 now, which is a 34-inch screen. sam dunk's galaxy -- i'm 76 inches tall. >> and we're all waiting for those earnings to come out in about two hours' time. we'll find out how many millions have sold in the last three months. josh lipton, give us a preview. >>. >> well, manny, after the bell apple will report. the street will look for 1.23, that would imply year over year growth of about 8%. the man in charge here, tim cook, he took over the helm in cupertino in august 2011, he's moving quickly to make apple his own, but how should we judge his performance as ceo? well, the income statement. under took's watch, the annual

risen has jumped 60%, profits by 40%. over that same period, gugle's problems are up about 25%. apple stocks since august 2011, up about 75% under cook's watch the beyond the basic stock performance, there are changes that cook is making that are having a big impact to the point he -- to bring in more m & a experts. bill campbell is stepping down, dr. dre, jimmy i'ving, now apple employees after apple bought beats for $3 billion. angela arents now leading the company retail operation, and turning old foes into new friends. we saw that with the recent announcement of a new partnership with ibm, bringing a suite of business app.s to iphones and ipads. at the end of the day apple will be judged about whether it can

make and sell fantastic products, phone, wearable or both. when i speak to cook, he is clearly excited about that product pipeline. we'll find out soon if consumers and investors are equally enthusiastic. guys, back to you. >> big night for josh. it's like your super bowl, is it not? >> reporter: all day here. listen, after the bell, we're going to have the latest results. certainly a lot of excitement. you look at that stock, it's up 20% this year, but the run, 25% since they last reported in april. so certainly investors are on board. >> and the day after price action. sometimes the beat and the stock goes down. so, you know, who knows what will happen. >> josh has the stories from all angle, including i think he'll attach a go pro to his belt buckle, providing a different

angle. . plus bill ackman delivered his presentation on herbalife. the stock doesn't just rally. it soars. what's going on? herb greenberg will try to explain. the world has gotten you far,f but what if you could see more of what you wanted to know? with fidelity's new active 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. who don't have electricity 400 million people and i just figured that it's time i do something about it. what we're doing right now, along with ibm, is to actually transfer data through a satellite from our wind farms directly onto the cloud. i think we could create a far more efficient system across the whole network where we could actually draw down

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welcome to "street talk." >> there's actually nothing on here. >> it's a prop that makes you-looking intelligent. valspar getting upgraded. >> and the conviction buy list, first sighting in improved housing market in the paint and coatings business. apparently the australian operations were good, too. target placed at 97, about a 17% increase to where the stock is right now. >> speaking of housing, realty holdings getting an upgrade. >> coldwell banger, century 21, e.r.a. among others citi said they should benefit from rising existing home sales, about 13 to 14 bucks. and let's move on to has broke. no playing around here.

getting an upgrade to overjae. >> the boost driven by has broke's point of sale trends, also an increase in revenue in the boys' department. still nearly eight bucks of upside seen in that stock. >> and buy for lowe. lots of upgrates. that stock currently trading at 3, up about $1.32 today. latex, a rubber manufacturers, about a month and a half ago, is also get a lot of attention today. >> it sounds like a city in italy. merrill lynch, their target,

$26, from street talk to talking numbers. let's talk pizza. we have rich ross, and steve cortes. >> i would be a buyer on this decisive breakout. earlier this year. of course we have a bit of a meltdown. here's what i really like, brian. we hold that 200-day moving average, not once, not twice, but three times as lebron james might say. today you get that decisive breakout above the up side. that sets us up for a retest of the old high around $80.

i think there's up side from there. one word of caution, brian. let's pull back and look at that weekly. the longer-term chart. you can see this is not an early call. we're up 2500% from the 2008 lows. we've been above the 50-week moving average, with the exception of a little run in there. you want to use that as your protective stop. a break below 71, you're out of this trade and i would not be a buyer, but absent that breakdown, i think there's still room to run. >> incredible. unchtsds manny, i agree with my friend. overall restaurant, same-store sales rote only 3%.

domino's, though, same-store sales up 5.4%, so this is an t outlier, it is a leader, and i think you want to stick with this name. appreciate it very much. biff, the first year of this show, our incantation of it we had the ceo of the year awards. it was the berbie, and patrick doyle won the first and only. that guy will be on with jim tonight. patrick doyle, "mad money", 6:00 moment. >> i wonder -- be sure to check out the online edition. bill ackman gets emotional, but does not get results, at least not yet. what is going on?

herb greenberg trying to explain. and what is going on with chipotle? approaching $700 a share? and a $20 billion market cap? all you owners will want to hear our next guest. he has an interesting and slightly different point of view on where that stock is going. stick around. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading.

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reuters reporting that the u.s. state department will release evidence today that the missile calm from the separatist area of the ukraine. we'll have more as the afternoon moves on. dominic has a quick market flash. dom? >> the transportation side of things, mandy, norfolk southern is increasing the quarterly dividends by 6% to 57 cents a share. you can see the stock is up toward session highs, up about 1.2%. nor fog southern interesting here, because it does report earnings tomorrow before the opening bell. guys, back over to you. >> talking of which. we have earnings from apple, and also microsoft among the big company with his their results. all those numbers are going to

be crunched by none other than bill and kelly, right? >> yeah, we have a wild session coming up. just to give you a sense, it's not just the earnings or revenue numbers, we'll be talking about how many i phones did they sell, i pands 14 million is roughly the estimate. >> as often happens, this is one of these stocks that is usually a big mover after the earnings come out. what is the odds that apple and microsoft would announce earns. we have the ceo of polaris on. hardy david do recall disappointing earnings. because of the weather. >> so perhaps those people are immune to the weather. >> hey. >> wee see you. do you have scott wise, is the ceo on the show?

kelly, do you know where scott wise is from? >> virginia. >> he's from harrisbuonburg, virginia. >> they have some in toys as well they'll be talking about. i know you won't want to miss that. >> harrisonburg blue street high school football. thank you. if bill ackman is trying to bring down herbalife, he's doing a really bad job. the stock is soaring despite another presentation on why he thinks this is a fraudulent company, this is herb greenberg, a cnbc contributor and at one point he started to tear up or cry openly on stage. do we know why? because the stock is up 16%? >> i don't know, he's probably getting emotional about a variety of things there. he claimed he did not know what the stock was doing certainly at that point. i think the situation here is that -- and his mistake is that he came out and said this was going to be a bombshell.

if you look at the details of his argument, they are actually very important questions and the results of their investigation, two years of investigating that they point out, but wall street, it doesn't care about that. all people care about is when you say you're going to come out with the most important presentation of your career, they say you have some e-mail, film on somebody, something that will not just be circumstantial. that in this case was not perceived to be the results of his presentation. >> since he came out in 2012, i think since the end of 2012, the stock has roughly doubled, so it seems like -- that's been throwing stuff at this company and stock, it just hasn't stuck. i think the said the probe would probably end up helping them. >> what do you expect him to say? advisory that's what they hope.

after our investigation, you sigh the stock he's had, there are serious issues that must be put together. the ftc has an economic analysis it will do. the ftc is in there. those are the things that will matter in the end. >> here's what i want to know. who is on the other cipher of this trade? chapman basically said i'm long the chart. who else is buys into this short? do we have any idea? >> you have ackman suggesting once he heard what the stock was doing it was herbalife. you have opportunistic traders, which is what so much of this mac is right now. today is the the but it's a big day and you can't ignore that. the ngo noise of the stock is

what's drowning out. until then both sides will be there trying to tell their part of the story. and ackman, of course, says it's all object fuss indicated. i can tell you there's more to the story than meets the eye. >> herb, you've been doing this, and i mean this with all due respect. i think you were there to talk about the short -- have you ever seen anything like this? >> no. >> it's we're. i've met big ackman, a perfectly pleasant guy, smart guy, a lot more successful than i will ever be, for sure. yount this, though. >> the question is should he just have stepped back and let -- no mar what he says, it's not going to change what the ftc does. s. >> herb, we have a lot more on multilevel marketers, filling the american dream that's going

to be on investigations inc. >> that's our former -- >> and it's still there. can you go and check it out. it's agreed to rerun. >> but it's like the good times where michael's bad spanked the gang mesh that was trying to initiate michael into the gang. michael was a good student. we have two fast-food stocks heading in completely different directions. mcdom's chipotle. and this is your last chance to guess the mystery chart. the only hit is to not do any corny puns. we are all ears. at least i am, back after this.

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only commodity, particularly the ag, soft commodities, which have taken quite a tumble. well it's burritos with a knockout. let's britain in bob darington on the burrito front, a little cmg. what's the secret? trading at all-time highs. >> this is bob darington. >> i don't have any sound. i heard bob. are you there? >> i am, brian. >> let's all talk at the same time. it would be a. >> i have completely lost sound. >> bob, talk for 45 seconds about why chipotle is a hold in your mind while we again mandy's ifp fixed. >> it is a remarkable company that just continues to generate incredible results. that being said i guess i'm

frustrated in chasing the stock. we moved it up pretty dramatically, and the stock is probably going to continue to work, especially as the operating fundamentals remain as robust as they are. but at this level, i have a hard time justifying a buy rating on it. >> yeah, you're fixed. >> a lot of people buy this, 60 sometimes earnings, what's amazing to me is 17% same-store sales growth. is there any other restaurant chain in america that could pull that off? >> you know, brian, i'm -- you're cutting in and out. what i would say is what chipotle has done is found a confluence of consumers who love the brand, both the younger millennial set, older consumers. that's in stark contrast to a

brand like mcdonald's who's finding less relevancy than they ever have before from both of those large cohorts. >> my kids always choose them over mcdonald it's always cmg, and margaritas for mom as well. apologies about that's for mama as well. >> they have booze at chipotle? >> yeah. you have to go check it out. >> joining is us r.j. hitovi. let's talk about mcdonald's. >> sure. >> because as well as cmg has done, mcdonald's has been a dead money stock for two years. any sign that will change. >> not really. the call confirmed effectively they're working on the customer engagement packets. not much to like with the same-store sales, july numbers expected to be negative across the globe and really the company expecting more of the same in the second half of the year. really, this is going to take a lot of patience. i don't think it's a completely dead story, but it raises

concerns on the heels of chipotle's results how impactful the fast casual space and kind of what might be taking share of the upper end of mcdonald's customers, is that having a lasting impact on mcdonald's and its brand. >> and they had a real good run between 2004 and 2011. how much of what's gone wrong, r.j., is say self-inflicted as opposed to an external environment with rivals coming in like cmg. >> it's little bit of both. you're seeing a lot of quick-service take a page out of mcdonald's play book, whether it's the beverages, mccafe platform, portable products, but also you're seeing a combination of self-inflicted wounds, you're seeing competitive, also macro pressure. the typical mcdonald's customer is definitely under duress right now and not buying as much and i think that's impacted traffic. so, it's a combination of a number of things.

mcdonald's just hasn't figured out what to do to get people back in stores. >> is this self-inflicted or market-based? people are like, oh, people aren't eating fast food anymore, but is this self-inflicted? >> i think right now it is more than anything else. they need a lot of things to work on to get people back in the restaurant. >> and now contending with a new meat supply problem in china. r.j., between leave it there. let's look at the broader markets. cmg, by the way, is the main gainer on the s&p. the s&p itself, though, is up by 0.4%. we hit a new intraday high earlier today, crossing over the previous record. we're at 1,981. >> i'm going to quickly be nasty. yes, it was the worst performing stock on the s&p 500 was netflix. it is actually now the company whose museum i will be at tomorrow. harley-davidson. i will be in milwaukee, assuming i make my flight tonight,

harley-davidson down 6.4%. ouch! >> give them a donation and see if it helps them a bit. when you think of hot restaurant openings, you probably think of new york or l.a. or melbourne, australia, but another city you might not expect is getting better on the scene. don't just visit san francisco.

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philadelphia right now! yep, philadelphia. and no man helped put it on the map more than mark vetri. mark benjamin is ceo of the vetri group. philadelphia? it is veg, you guys, what steven starr has done. philly is red hot right now. >> absolutely, no doubt. you know, we've been living in the shadow of new york for so long, and now all of a sudden, people are starting to recognize it's not that far. i know you live nearby, we can come down south or come up to new york city where you will cost more, you have to navigate traffic. we're happy to be there. >> why make the trip? sell it to me. >> you have tons of choices. you have a lot of local folks. everyone you mentioned is a local. products are sourced in lancaster county, great farms, great sourcing. we don't have to get stuff from china. >> i'll tell you why also, man, so many new york chefs are moving to philly, because look at danny meyer one of the greatest chefs and entrepreneurs

in american restaurant company, priced out of his flagship restaurant in manhattan. i know chefs that go to philadelphia because it's one-fifth the price. they can be more adventurous. >> sure. >> they don't have to do the safe format, where they know they can pay the bills, but they're not trying -- new york city. i love new york city. it's over from a dining perspective. >> you see restaurants closing all time because it's too expensive. >> new york city's boring. >> danny wrote an editorial in last week's paper and it brought it home for us. we're in a state that incentivizes us to open. we're opening the next restaurant in the keystone opportunity zone. it's giving us tax credits. i get to add 60 jobs at the end of the day. >> three buzz words in all in one. what do you think is going on right now that's very exciting about the philly scene and what do you think is predicted to be next? >> you know, farm-to-table is the norm. everything nearby, within 60 miles of us, we can get anything from farm to our table. so, you'd kind of be ridiculous not to do farm-to-table. what's really happening is, you know, you can do any ethnicity.

we can do israeli food, spanish food -- ours is italian food -- the vegetarian front, veg, as you mentioned earlier. pretty much, you can arrive to philadelphia and say get me this and we'll find it for you. >> awesome. and childhood nutrition is obviously a huge thing. talk about eatiquette. >> thousands and growing. we're in philadelphia and four surrounding counties. it's from our non-profit, the vetri foundation for children. it teaches kids not only to eat healthier, but in a healthier manner. so, sit and talk to each other family style like when we grew up. >> we were talking about how there have been certain government initiatives to try to get healthy food into the cafeterias of schools, but it hasn't always worked because kids don't like healthy food. it's a pity, but reality is they've gone back to chicken nuggets in some cases. >> which is a shame. >> what do you make that's kid-friendly? >> we're not looking to reinvent the wheel. we take food that is locally

sourced, just like in our restaurants. we're serving fresh chicken and teaching our kids from it, because what we're not doing with the government initiatives is educating the kids. if you say this is a piece of fish, this is where it comes from, this is how you cook it, they like to be a part of it. my kids cook with me on the weekends and actually eat what we cook. >> five years ago, i think "gq" named vetri -- i had never heard of you, i went down five years ago and it was spectacular. >> he's not just saying that. >> i know. >> he's been saying it to all of us! >> i actually live closer to philly than here, but i'll say this, and i need to issue an important correction. >> what? >> scott wine did not go to that high school. i got an e-mail from someone i know. i don't want to insult my friends at turner ashvy high school. >> thank you so much and good luck with your initiative. >> thank you. speaking of food, watch cnbc tonight and a new episode of the reality show "restaurant

startup." that is at 10:00 p.m. eastern time. >> thank you so much for watching. i'm going to try to make it 3:45 flat at laguardia. what are the odds, 2%? >> i'd say negative 2%. >> i'm going to try. got to go, literally. >> he's literally taking off, changing in a phone booth. "closing bell" is next. >> i think i played turner-ashvy in quiz bowl. welcome to the "closing bell," everybody. i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. the fighting in israel continues, the blame game in ukraine over who shot down malaysian flight 17 intensifies, and the dow and s&p have been flirting with all-time highs, although we've come off those highs in the last 15 minutes. the dow was up 81 points, now a 58-point gain. we're trying to figure out what's bringing the market down the last few minutes. and meanwhile,