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tv   Street Signs  CNBC  August 27, 2014 2:00pm-3:01pm EDT

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we knew we needed to grow internationally, we also knew that it was much more complicated to deal with. i can't imagine having executed what we've executed without having citi side by side with us. their global expertise was critical to our international expansion into asia, into europe and into canada. so today, a customer can walk into our store in singapore, will design a custom bag and that customer will have that american made bag within a few days in singapore. citi has helped us expand our manufacturing facility; the company has doubled in size since 2007. if it can be done here in san francisco, it can be done anywhere in america.
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glue blank's, $10 billion market cap teethers on an operating loss of $127 million. can you guess, america, if that quote is from this year or 1999? hi, everybody. wire going to start the show with the ants to that quote, and if things have gotten dangerously silly again. what do people really want with a new phone? a decision the u.s. government made, and to recline or defend? we will brawl over the right to recline.
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>> i'm pulling out my boxing gloves. today is all about what could be some marginal gains. the s&p is slightly in the red, but whatever. the nasdaq could still pose. tenth gain, the dow and s&p could also post a seventh game. to a couple points here or there really matter, brian? you've been noting depiatt the -- we've also seen some heavy volume. what you've got saying is the rally is broadening out. if you're not diversified, there's nice volume and nice moves out. let me show you on a day when we're getting 40% lower volume
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brazil, india, this is an emerges market infrastructure etf. we're seeing near new highs, thailand, brazil, mexico. i'm talking 52-week highs. that's very significant. that will get your attention. i know it's quiet in the u.s. right now, but the ipo market is starting to heat up. that's a significant company. they'll be coming very, very soon. we did have a nice in which in the risen. by the way, we need to see the ,
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if we don't get them the next couple weeks, we're into the third week of september probably? i hope we see something by friday. seema at the nasdaq. five days of consecutive gains, traders talking about the resit yen, hitting a fresh 14 1/2 year high. the big question is which stock had been playing a significant role in driving the nasdaq higher. apple is the answer. that stock up, breaking $101 a share, but interesting to note, it's not the biggest winner on the nasdaq 100 year to day.
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the second-best performing stock. all those stocks better than 40% year to date. while we have seen a pickup, it's not only tech that's driving it higher so far this year, biotech and consumers stocks playing a big role. at the top of the show we asked whether this quote was from this year or back in 1999, so speaking of the nasdaq here it is again. blank's $10 billion market cap teetering on a minuscule base of $176 million and operating loss of $127 million, could it be snapchat? it could, but reportedly no revenue.
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the old trader favorite back from the nasdaq's glory days, you remember them? many said it was a new kind of company in a world and a marked that would come to it. surge silly season goodle with valuations, are we smarter this time? >> you know, i think we are a bit smarter this time. in the past, if you look at valuations, it's been more about p.e. expansion. now it's more about earnings growth. if you look at the last ten bull markets over about 60 years, 70% of the returns have come from p.e. expansion, and 30% from earnings growth. where dpees are very healthy,
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and they're showing top-line risen growth. still within historical norms. what would make you as our friend would say, the yellow flag. what would be a warning sign to you? that's a very bullish seen for retail investors. what we feel is stocks at this point may be priced to perfection. so it could send stocks a bit lower, but in this point in the cycle, i think that's expected. the question is this, back in
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2000, jeff, all the crap -- i'm sorry, there's no other word for it -- was being bid up. took erv down. i don't know what is going to happen with snapchat or twitter, maybe they will. maybe they'll collapse. are they going to bring everything down? or are they isolated? >> in 2000, i remember those days. it was all about the high-flying tech stocks. that's all people did. so when they look at new tech companies, you know, they're a bit more cautious. investors these days are very focused on high quality different-paying stocks.
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there's really a thirst for yield. >> let's bring in dan now. we've been talking about stocks in record territory. we are on the lookout for bubbles. it would be bad if we didn't. when you have a tech start uplike snapchat. this is echos the late stages. this starts to make me worry. do you worry? >> not really, snapchat is interesting, by far the highest valued private company that doesn't have revenue. even it was further along, it might have had fewer users, but was about to turn on the moneyization tap.
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the mutual funds and the hedge funds who are dipping down a little bit, who aren't looking for that 5-x, 10-x pop, really want to be in the things. look, are some of these going to go bad? yes. those you're saying the cost of missing out, perhaps, the fear of that outweighs the invest that might eventually collapse. so you're basically saying they're not as price sensitive as they used to be, dan. >> they're definitely not. it used to be they would talk about sticking to the knitting when it capes to price, sudden
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understand why they're willing to take more chapses on price and why that initial buy icge to $7 trillion a share? >> i'm glad you brought up cmgi. i had a friend out college that i went to work there. when they bought the names rights to the local football stadium, i said why are they doing that? he said no, so that's why they were branding it. dwrong we're doing that anymore, but the mom and pod, it does come in, they are the ones ultimately that funnel it. private foundations, college endocuments, et cetera, so it matters, about you you're right for the most part it's rich
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folks in silicon valley who may lose their shirts. >> we'll see you again soon. take care. >> now over to dominic chu. >> i was in a hawaiian shirt. i am now in a shirt and tie and blazer. anyway, my pink pats aside. let's check out what's happening. the companies make cameras to help driverless cars. that's up about 8%, about 78% since going public on august 1st, mandy. >> thank you very much. yesterday we gave our suggested restaurant matchups, and i noticed a missed opportunity, mcdonald's backing out of chipotle, only to watch the shares soar nearly 700 percent. ouch. so we found a guy who says, you
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know what? maybe they should bite the bullet and buy it back. almost no burger king franchisees want to go on the air, with an ohio senator calling for a -- our awesome team worked the phones. we found a franchisee to talk honestly. it should be a great interview. he's out of cincinnati. he's up after this break. don't go anywhere. to fuel economy, to quality, today's chevrolet has it all. and it's a good time to see for yourself. this labor day, check out great lease offers on chevy's award-winning, fuel efficient lineup. just announced, get additional $500 bonus to lease this 2014 chevy malibu lt for around $189 per month. find new roads at your local chevy dealer. can i get my experian credit report...eport card" thing.
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only to watch in dismay as the shares have rocketed over the past five years, but mcdonald's is struggling. it needs growth. should it swallow its pride and buy it back? doug mcintyre, we were talking about this yesterday, brian and i. we were saying maybe one day cmg was going to buy it, but do you think this is a possibility? >> it is for a couple reasons. once is mcdonald's has admitted that growth in the united states is one or two years away, and that's probably not even believable given where fast food people are going to shop now. the other is mcdonald's as you know has a tremendous balance sheet, and generates so much cash, and it's issuing higher and higher dividends.
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>> how many would they possibly have to pay for chipotle? >> well, i would guess maybe 25 or 30 million based on the current market cap? >> billions? >> yes, billions of dollars. if you look around the market, it is the fastest-growsing of the larger fast-food chains. it's sort of the holy grail in this, subway, which has sales of maybe $20 million, but the private -- and it's probably not for sale even though it has more locations than mcdonald's does, so they have to look down the list of who's available. it's back into the future to something they used to own itches what is essentially out there. where else could they buy to get its growth? >> i suppose that they could look at something like wendy's, but once you start to move down the scale, you really aren't adding much to a company the size of mcdonald's, if you don't have several billion dollars a year in sales and are growing
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rapidly, it doesn't move the needle at mcdonald's. >> doug mcintyre, we have to leave it there. for those wonders, in the past five years, mcdonald's ride is up 67%. in the same period. >> unreal. so speaking of fast food, what are burger king franchisees say about the tim horton deal? joining us is gavin o'neil, president of the restaurant associates of cincinnati. they own seven burger kings. i'm sure this is not comfortable for you. i'm sure burger king probably doesn't want you franchisees to talk. we do appreciate you coming on. franchisees, right, have nothing to do with this potential deal. >> no, you're absolutely correct. we either -- there are 7,000 burger king restaurants that are independently owned, franchisees, throughout the united states, and, you know,
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we're really kind of opinion neutral. i can't speak for every franchisee out there, but we really don't see this impacting our businesses. >> you've got a senator from your state, sherrod brown, coming out and saying boycott burger king, go to wendy's and whey white castle, two other ohio-based companies. >> we're just as much of this small business in ohio, just as the other two competitors of ours, and we're out there employing, you know, in our case hundreds of people. you know, anything that can impact our business in a negative way hurts or business, hurts or ability to pay or taxes, and hurts those employees that are working for us. >> do you think it's going to negatively impact the people who come and buy at your franchise? i mean, for example, even just today, have you noticed any
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difference in traffic? >> actually, no, not at the moment. we've had some of our loyal guests, you know, ask questions about the acquisition. there's been a lot of buzz out there about it. you know, we haven't seen anything dramatically. you know, i just kind of want to sit here and speak to all of our loyal customers for burger king franchise years all across the united states, you know, that we're all independent, small-owned businesses, and we're paying our taxes every day just like everybody else. we employ hundreds of thousands of employees across the united states, and, you know, we're completely independent from burger king corporation, and really don't have anything to do with the acquisition. >> okay. quickly you get the burger king ceo alone in a room. what do you say? >> you know, i would,ask, what's your plans? what's your hopes? where are you going with this? we're just like you every day trying to go out and make a profit, grow our businesses,
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create jobs, and make life better for everybody. you know, how do you plan on doing that? hopefully, and from what i can tell so far, the brief conversations i've been fortunate to have with some of the leadership team, they're saying the right things. nobody at this point expects anything in our corporate structure with burger king corporation to change. >> gavin, best of luck. thank you very much for sharing your experience. >> all right. thank you. the recently listed biotech stocks kite pharmaceutical has boomed on positive news about the cancer drug. we're about to speak live to the ceo. and a fiery debates about your rights to recline. you don't want me to recline my airline seat? pay me. plus some of your twitter responses to the issue. never before has this kind of passion, this kind of innovation, engineering, design and performance...
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let's talk to meg. >> kite pharma is working on a include class of cancer treatment, one of the hardest areas. they heart necessary the immune system to fight cancer. it involves take a patient's own t-cells, genetically modifying
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them and readministration them to a patient. in a study pun blishd earlier, the therapy caught ktec-19 helped some to reach complete or partial remission. kite pharma, of course, just went public in june. joining us from los angeles is the ceo dr. beldergren. thank you for joining us. >> thank you. >> it was a maude constitutionally, but 92% response rate. maybe you can put that in context for us. what does that bode for the prospects for this therapy? >> the second study that we have reported now on an extensive group of patient, with different blood cancers, and their response has been quite dramatic with over 90% of the patients responding to the treatment. it's interesting that these patients have received sever
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possible treatment, including chemotherapy and other new treatments that were available for them, and they have progressed. so these are the patients who are responding still with their own immune system to fight the cancer and in many cases beat tumors that were growing very rapidly completely disappeared and continue for the longest responses we have now, up to five years. let's talk about the safety. i understand you did see some toxicities, some with fevers, low blood pressure, neurological features. maybe you can tell under the circumstances about -- >> this is a new technology. we have been before in similar technologies like the days of a treatment ha harnessed the is immune system. in the beginning there was significant toxicity, and over time we learned how to manage them. and today it's quite a routine
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treatment. same goes here. in the beginning, the question was, what are the best patients to enroll into this treatment, how long, what to give, how to anticipate the side effects, so this is a process that we are all learning right now in multiple academic centers, and driven by work that has been performed at the national cancer institute. >> two analysts i chatted with said they want to now about the car-t platform, whether you'll do a orb or what your plans are for it? >> we are in the first phase focusing on the united states. we are looking at all options, but right now we have expended the scope of our treatment beyond just one type of blood cancer to multiple types of blood cancer. so we have a lot of work to do
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here in the united states, and obviously we are open and discussing about expending it to europe and far east. >> when do you expect to be profitable? >> we are starting the multicenter trial in the united states early next year. it will take us probably for the entire year to complete multicenters of about 15, 20 centers in the united states, and then during '16 analyze the data, if all goes well, if all is as we are planning right now, we make it available for marketing in 2017. >> thank you so much for joining us. we really appreciate it. >> thank you. all right. let's get back to the pink pants
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formerly hawaiian shirt-wearing dominic chu. >> the justice september it will require tyson food to divest of the hog unit in order to proceed with the purchase of hillshire brands. -it would be a -- you can see tyson foods dividend briefly on the news. as for hillshire, can you see just about flat. remember, just that spike on one bit of news of quick knee-jerk reaction. >> no barking from the dog, no smog in mama cooked the about event with no hog. thank you, dom. coming up in street talk, a stock we talked about yesterday, pointing out 9 products they make -- >> brian is a big man. he there are is a supporter of the much talked about knee defender. i am not, by the way. neither is our guest. we'll have a feisty debate, coming up. >> what do you all mean?
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>> nothing to do with it. parkin. that's remarkable that so much energy is, is wasted. streetline has looked at the problem of parking, which has not been looked at for the last 30, 40 years. we wanted to rethink that whole industry, so we go and put out these sensors in each parking spot and then there's a mesh network that takes this information, sends it over the internet so you can go find exactly where those open parking spots are. the collaboration with citi was important for providing us the necessary financing; allow this small start up to go provide a service to municipalities. citi has been an incredible source of advice, how to engage with municipalities, how to structure deals, and as we think about internationally citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge.
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what would you do if somebody account you to un-recline your seat. here's just a few of your replies. i don't recline, because i hate it when the person in front does that, but if i was asked, i would un-recline. >> jake said, heck no, you want first class treatment in you better pay for it. >> yes, i would ask their in-flight snack as payment. >> and from patsy white -- i would, if they asked nicely, but not if they demanded or used the knee defender. go, patsy. >> who, by the way, works for nbc sports. >> does she? >> that's right. >> josh barrow also weighing in, saying, go ahead, he's going to recline unless somebody pays him to stop. he also parent hates tall people. josh barro is joining us. your piece is very well done. this is not red/blue, this is not rich/poor. this is not a is this not at its
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core a discussion between the tall and the small? >> i think it is in part. as i say in the piece, bakley everything in life other than airplanes is designed to advantage tall people. to reach high shelves. taller people actually make more money than short people. according to a 2004 study. okay coupe i had sells tall men guess mo messages from women and have more sex partners. life has advantaged the tall. in this one place where tall people are at a disadvantage, they go and complain and want to change the rules of the airplane. even though i have the recline button, they're saying it's my right as the person behind you to decide whether the seat reclines. if you don't want my seat reclining toward you, buy that right from me. >> hear hear, those tall people say it's my right to use the knee defenders. i'm taking out my tiny violin.
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>> ow, my arm. >> where has common courtesy gone. instead of thinking it, how about tapping the american in the front say i'm really tall, would you mind if you don't? i'll buy you a drink. >> think for most people, it's honestly i was on a. >> i got with an extremely tall guy, and he asked me not to recline and i said yes. i was in a good mood, but the knee defenders is sold to a people who don't want to interaction, and they basically want to grab away that right from the person in front of them. it's not a surprise this incident started out with using this and escalating into this dispute with one passenger throwing water at the other. >> and of course, of course, josh, it originated in newark. of course it did. >> where else? >> that's my home airport. just the whole newark airport experience leaves you so anxious and agitated. you knew that was going to happened from newark, new jersey. >> i don't know, though. i find that -- it's never
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occurred to me to have a problem with it when the person in front of me reclines his other her street. you know, you stick your less out under the seat in front of you. if it's that big a deal, get the extra-legroom seat or negotiate a deal. >> mandy has accused me of supporting the knee defender. >> you do support the knee defender. >> >> okay. i'll tell you why. people in front of me can't recline. >> your knee is the knee defender. >> exactly. >> why i support it in principles. because we're finally calling attention to a third-party product, to the airlines, and i'm going to say it, gross mistreatment of humanity. okay? i don't know what else to say. >> pushing is in like sardines. >> what was coach, you know, is now business class, basically. coach is inhumane. >> here's the thing. i find myself, josh, if it's
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under 7, 8 hours, i'm driving. >> if they're so good at exploiting people, why do they keep going bankrupt? what i look at and see is an industry where real prices have declined massively. they've stayed almost flat in the last few years, even though we've had this massive increase in fuel prices. part of it way is getting more efficient. plane are more full, yes, there's less legroom, but airfares are a much better value. it's an option to pay for that. >> i agree with you, josh, in fact, pretty soon now we'll have two classes of flyers, fighting and not fighting. that's -- >> or reclining or not reclines, you check in, you choose your seat and i'll pay an extra $20 to have the right to recline, right? >> there's no right to recline. >> whatever. >> there's a right to free speech. there's no right to recline. >> to be able to use my
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mechanism, i might pay an extra $20. >> they have that on delta. when you, in addition to extra legroom they have 50 more recline. >> the economy uncomfort. >> exactly. >> but one of the takeaways i have in the piece is people talk about it as being a horrible piece. it's very telling to me that nobody actually seems to be paying directly for the right to november have a reclined seat in front of them. i saw someone say people who recline their seat are monsters. i think if people really cared that much about this, we would see a marked in the unreclined seat. >> ironically, josh, people actually -- there is a market that's the inverse of what you just mentioned. people pay more to sit in the exit row, but those seats don't recline. sometimes they're buying the legroom. >> and you also have to help out if there's an emergency.
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>> yeah, that will help. >> we're going down from 35,000, but don't worry, the seat is a flotation device. >> josh, wight to go. thank you. >> all worked up. knee defenders are banned on qantas. they've been it right. >> pretty soon there will be a glass wall. okay. street talk, stock number one, smith & wesson, and this is the one we're doing a victory lap over, because we need to highlight. we were talking about maybe that gun sales had peaked, he said no, no, no, but what's happening now? >> it's the opposite of a victory lap. no. >> that we flagged it. >> stock is tanks on bad numbersers. the to be is at 11.32, so they
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see a -- >> the call is vexing. >> the reasons is this. let and let to good earnings. so you're downgrading, but the price target is 7 1/2 --. >> up to outperform,. >> they like the cash flow story, they like the gross -- hike to 51 from 49. the stock is already high. >> under the radar name, the oddly named mankind corporation, which is actually a buy. and the 230u7bder's name was alfred mann.
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they have ha $10 target, that implies about a 30% of up side. keep in mind that mankind, mnkd. tiffany's at an all-time high. and on the technicals, we have john coczar. john, i'm going to start with you. when i hear all-time high, it is technically, are we overbought? >> we are. >> we're about to 102, but if we look at that chart, you can see down at the bottom, that's the macd indicator. that's a fancy name for an indicator that shows thousand quickly or positive you have momentum in the stock. right now you can see it's down
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about as low as it's been in about a year. if you go back across that chart, each other time it's been down here, it's been above the 200-day moving average. so that tells me it's set for another leg up. >> they had brought strength in the quarter. from a fundamental basis, the strength in the americas was really just tremendous. and they're saying their customer is feeling really good about the economy, and the company's efforts in fashion jewelry seem to be paying off. >> that's short and sweet. >> i read somewhere that the amp purchase price is $125. we always think of it as a luxury retailer. is this considered a luxury
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retailer given what you just said about fashion jewelry? >> they've been, between when you look at the breadth of their assortment, i think they have some sort of diamond component. and they don't discount form so all of those things to me say well, i feel like tiffany's -- yeah, i do. check out the online edition in partnership with yahoo finance. every time apple comes out with a new product, everyone goes gaga. >> we're going to speculate and
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bun u.s. senator calling for a boycott of burger king. is this something congress sheer paying attention to? coming up on "closing bell", kelly will tackle the debate with a congressman from both parties. >> what i love about this is we've actually got two members of the freshman class, luke mecir, who is president of that class, the steve horseford, who are trying to represent this class working together to come to some sort of solution. they have a lot of common ground, but as we've seen before, even having common ground and wanting to achieve something, when push comes to shove, there's a lot of cynics -- we don't know what will happen, and in the meantime, more and more coming -- >> we'll hear what they have to say. thank you very much. if you've been hanging out for an upgrade, the new version of the iphone is apparently to be revealed to the -- what do
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consumers really want? tell us what we really want, joshy? ref we've heard the rumors about what will be in the -- one big is size. here's what they had to tell us. >> not too big, but a bit bigger. >> i would like to -- and no, no, it wouldn't fit in my purse. in my pocket. it wouldn't be too big. >> we asked folks, would they be willing to pay more? here's what they want. >> i wouldn't mind paying more up-front if el didn't have to pay so much up front. >> 299.
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i really don't want to pay too much. >> now, we could soon find out if apple is able to satisfied -- the iphone still does generate about 50% of the company's revenue. guys back to you. >> josh lipton, thank you very much. we're all waiting. very exciting. whether it is corn in america or all the grains in china, we're seeing bumper crops all over the world. we're about to see what that means for prices and investors. >> and for farmers of bumpers. on this day 155 years ago whales became very happy. we'll explain why. it's a different kind of pod, ahead. what if there was a credit card where the reward was that new car smell and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits.
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all right, here's some good news, america, oil prices down a little bit again today. hard to call $93 and change a barrel, but i guess this is 2014, so the fact that it's not $100, i suppose, is a good day. and as we said, 155 years ago today, it was a good day for wales. they should have been very happy, because it was this day in 1859 that edwin drake drilled the first oil well in america. it happened to be in pennsylvania. sadly, drake never patented his
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idea, and he died broke. >> oh, terrible. okay, well, sticking with the hard money theme, let's head out to chicago to rick santelli for a check on corn and wheat prices. and the reason we're bringing this up, because we're hearing, rick, about corn being so abundant at the moment that farmers may be even selling it at a loss. >> yeah, and it's not only that, it's the corn from last growing season's still hanging around. a lot of farmers put it in their silos. they're going to have to either move it to elevators they pay to make room for the new crop, and not only that, at basically the lowest prices in corn and wheat since 2010, you know, a lot of farmers didn't buy crop insurance, and they have to pay, but it's a pretty good deal, considering, and they could have insured their production 70%, 75% of their production to prices pegged before the growing season started, which obviously are higher today, so there's a lot of moving parts and it isn't only the u.s., mandy. china, i mean, all over the world, we have an abundance of grain. i never think that's a problem, and i think farming is a difficult profession, and they
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don't call it nonfarm productivity for nothing. agricultural community knows how to get more product out of an acre today than ever before in history. >> rick santelli. on that note, thank you very much. well, the theme of this show has been silly season, and it is in full bloom all around. rumors and allegedly leaked photos of the new iphone seem to be everywhere! let's try to separate some faction from fiction, shall we? and let's bring in don schtimaliski. dawn, from photos to factories in china to photo screens, is there anything we actually do know about the iphone 6. >> well, certainly crews know for certain come september, when apple begins to make its announcements public, but right now there's a lot in the realm of rumor and speculation, as you mentioned. i think it's a safe bet, though, to assume that we should expect a new phone. apple in june announced a new mobile operating system, so i think it's reasonable to expect
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we'll see some new phones, likely some larger phones, as your previous report indicated. we're also hearing, sources are telling recode that there are some wearables that are likely to be announced in early september as well. >> what kind of wearables? >> well, you know, i guess we'll see. you know, it's hard to tell. i would hate to be providing erroneous information. >> okay. >> but it seems as though -- >> can you just guess? how about a wild guess that we won't hold you to, dawn? >> okay, i think there's a safe -- >> can we assume the wearables will be worn? >> i think that's a safe assumption. i think also, since apple announced its health kit, one place for all of our health information to reside on our portable devices, i think it's a safe assumption that these wearables will work in tandem with those. >> okay. i'm not asking you to comment on the share price here, but nonetheless, if you look at the share price, it's fully recovered from its route two years ago. it's back at all-time highs, okay? so, there's a lot of expectation being built into the stock. so, my question to you, whether it's wearables, whether it's an
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iphone 6, a bigger tablet, are they all going to be able to justify, warrant the all-time high that we're seeing in the stock price? >> so, you're asking me to justify the stock market price, eh? >> i'm not going ask you about the stock price, dawn, but what about the stock price -- >> let me rephrase it. do you think they're going to be all they're cracked up to be? are we going to be let down or are they going to be really great? >> so, here's what we know from the mouth of tim cook. tim has promised investors that this is going to be an exciting period with some innovative, new products. eddy cue, the head of some of the itunes business and broader responsibilities at apple, spoke at our recode conference about some exciting products coming down the pike. so, i think that that is setting expectations among investors. additionally, the stock typically rises in anticipation of news. there is typically some euphoria about what apple has to offer next. so, this is a very typical behavior pattern on the part of investors.
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>> but we can confirm the wearables will be worn. >> that's right. [ laughter ] we can confirm that. >> we have that. >> i won't specify where, the wrist, neck -- >> thank you, dawn. we have a content sharing partnership with recode. an accused insider trader running from our cameras so fast, his flip-flops fall off. he's in a tank top, too. we'll tell you who he is and why he was running. stick around. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own.
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here is the video we showed you before the break. this is -- >> mike lucarelli, former wall street outside investor relations professional accused of insider trading. >> our cameras caught up with him as he was leaving court. he ran off, and his flip-flops came off, but he kept running barefoot down the street. >> kind of what we're doing right now. thanks for watching, everybody. >> "closing bell" coming up right now. welcome to the "closing bell," everybody. i'm kelly evans at the new york stock exchange. >> i'm scott wapner in again for bill griffeth. the stock market taking a breather after making history with s&p 2,000 yesterday. there's still a lot of news on this late august wednesday, like the continued strength of the u.s. dollar and what that could mean for earnings for american companies, and it might not be a good thing for the bottom line. we're going to take a

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