thankthank you very much for jog us. we appreciate it. that is it for "countdown to the closing bell." look who is with you i. i am with you. david is off. melissa: well with you, my friend. iran's president tweets his joy about a nuclear pact but in fact there is no deal today. tennessee congresswoman marcia blackburn tells us what she would support if one makes it to congress. liz: near total surrender. greece strike as deal to remain in the eurozone requiring brutal austerity measures in order to secure its third bailout but the prime minister has two short days to get his parliament to sign off. as you saw it will not be easy. melissa: no, absolutely not. as the closing bells get ready to sound on the rally day on wall street. here is where major averages are ending the day. it has been a big day on wall street. [closing bell ringing].

look at nasdaq, up a percent and a 1/2. you can see there market really having a great day, liz. liz: look at this. oil was really bizarre behavior which was down earlier and punched to the upside, no deal they will not have all the iranian supply. you covered opec extensively in the past. opec came out sand said, we'll have more demand that is completely swamped as you see. now 52 bucks. melissa: options pit founder a mark sebastian covering it all for us from the cme in chicago. ending positive for the year we were talking about greece reaching a deal in the e.u. still a lot of challenges ahead though. what do you think? >> yeah, you know we saw a couple of big updates friday and today. i think we slow down tomorrow through wednesday until we see actually vote. one thing surprised me how the vix sold off. absolutely hammered friday and today. completely crushed from a high near 20, to down below 14,

basically implying this entire deal is a done deal. i think anybody watching greek politics will tell you this is probably not as easy as the vix is pricing it. so i would not be surprised to see the volatility index rally a little bit next couple days. a little softness and less rallying by the s&p over next couple days. melissa: really? would you take some winnings off the table here then? >> yeah, i absolutely would. we're here at 2100. right off the all-time high. if you bought on thursday, great job. take a couple of points. i would rather buy the s&p for 2125 than right here. i want to see real conviction out of the market. i want to see a deal signed. maybe give china another day or two to make sure that everything is calmed down over there before i really go along. i'm going to want to buy new all-time highs. i think strength leads to more strength. we've been stuck in this

bouncing, trouncing market last three or four months now. until i see a breakout i don't see anything other than trading ranges back and forth. liz: thank you very much, mark. he wants to wait until 2125 for the s&p 500. we shall see. no deal. the battle continues with another deadline come and gone in vienna. negotiators are still struggling to finalize the nuclear deal with iran. fox news washington correspondent rich edson has been watching it every step of the way. rich, looks like there may be a one sticking point over cone advantagessal arms. they want all of that dropped in iran, correct? >> they do. and it is over this arms embargo, a number of other issues as well and when you listen to what they have been saying the past couple days, seems as though a handshake is couple hours a way, we're a couple hours away from expiration of yet another deadline and we're still hearing nothing whether or not there's a deal on this the secretary of

state john kerry has returned to his hotel. nothing from the state department as to when he may go back to negotiations or stay tonight and work this out tomorrow. white house acknowledged that there is still unfinished business. >> we have made progress in the conversations. i think even over the last week or so there is progress, important progress that has been made. there have been some key issues in the negotiations that have been closed. and that is a good sign. that said there continue to be some sticking points that remain unresolved. >> traditionally that has been over iran's ballistic missile program and also what the timing of sanctions relief would be. iran wants sanctions, economic sanctions hitting its economy to be lifted immediately. the west has said it is more of a gradual phase-in. that is something that still has to be resolved here. of course even if they do reach an agreement, it is something

that president obama has to sell to the u.s. congress, something that thus far we're not sure how the congress is going to react. a number of republicans have been oppose about this proposal with, 2/3 majority in each house could in fact block the deal even if the parties agree on this one. still talks continue. no agreement yet. back to you. liz: congress can take 30 days, although if the dithering begins on wednesday, that extends to 60 days which makes it more difficult. thank you very much, rich edson. melissa: no iran deal tonight. we were talking about it. let's bring in our panel. chris harmer, institute for study of war, jim walsh international security expert and research associate at massachusetts institute of technology security studies program and judy miller as well, adjunct fellow at manhattan institute and fox news contributor. chris, let me start with you. what do you think of how this is playing it especially when you

see iran's president tweeting a deal was done and quickly that post was taken down? they seem like they're pretty confident? >> well until everything is agreed nothing is agreed. i negotiate agreements between foreign militaries in ex-exercising training operations or until everything is agreed nothing is agreed. second point if there are no red lines, there are really no deadlines. the united states doesn't have any red lines we clearly stated iran can not cross or red lines we previously established we wiggled on. so iranians feel no pressure to respect a red line generated out of washington, d.c. they don't respect our deadlines and or not any make believe deadline to complete negotiations. melissa: jim, one of the reasons why they're so confident in iran about doing a deal because all they have come to the table for is to get sanctions lifted. they will get that, in return they may do a few things that

are easily reversible down the line, so really they're only ones getting something out of that. is that a fair criticism. >> i think that is a bit of double logic. criticizing iranians if they accept an agreement but then if they try to negotiate more, everyone says you're dragging your feet. you can't have it both ways. agreements work and i think everyone knows this when all parties are able to get what they need and sell it back home. here i think the u.s. has had lots of red lines that they have not budged from. it is pretty clear that iran is going to operate with a much lower number of centrifuges, roughly 1/3 of what it had. it will probably, we haven't seen everything, according to the framework we'll have less than, you know, 90%, more than 90% of its uranium will be taken away. melissa: okay. >> that agreement looked pretty good. i agree nothing is agreed until everything is agreed. we'll have to wait to see the piece of paper. melissa: judy, i bet you basically disagree with everything jim said. >> no, i don't disagree.

i think the iranians are playing such a hard game. every time americans think we have a deal they add on another demand. most recent is the demand, the boycott, embargo on sale of conventional weapons to them be lifted. that had nothing to do with the iranian nuclear talks but they have now added it on but i just find it amazing that the iranians continue to play this game. we continue to bite. kerry continues to say just another day. we're now in our seventeenth day, the third extension. at some point if the americans started to walk away that would get rouhani's attention. melissa: jim thinks that iranians are deweaponizing in meaningful way. do you think that will be outcome of this agreement? >> i think what they're doing trading away part of their nuclear weapons program part of nuclear enrichment program to get sanctions relief for rest of weapons program.

they haven't made meaningful reductions in the ballistic missile program. they provide rockets to hezbollah and hamas. iranian military industrial base never operated at better efficiency. they're supplying dozen foreign terrorist organizations and terrorist states. strictly looking at iranian nuclear program you can say they are making some reductions of that. rest of iranian sponsorship of state terrorism never operated at higher level. melissa: jim, do you agree with that. >> i think we're mixing apples and oranges. terrorism is terrible issue and i don't want iran engaging in terrorism. what worse is iran enpaging in terrorism and having nuclear weapons. the resolution of 1922, it is specifically about nuclear. surprise, surprise, iranians want it addressed. i think that is going to be dealt with. i don't think this is bringing

up stuff at the last moment. only negotiators in the room really happening, tells me you referenced it earlier if rouhani is tweeting a deal is near. i would not bet against that for tomorrow. we can wring our hands saying this is taking too long. this is normal amount of time non-proliferation agreements take place. it may all blow up tomorrow. i think we'll get it. if we don't, we walk away we'll be in world of hurt and we'll imposed sanctions and they will kick inspectors out. melissa: we have to go. >> thank you. melissa: outspoken tennessee representative marcia blackburn opposing a deal with iran tweeting the u.s. must not allow iran to expand their sponsorship of terrorism. she will join us later in the hour with more on what she says needs to be done. liz? liz: back to greece. really that gave stocks a boost from the new greek bailout deal but not everybody likes it. protesters took to the streets in athens earlier to rally against tough austerity measures

expected to take effect within days but there are a lot of issues. whether who votes for it or who doesn't. ashley webster with more from athens. ashley? >> liz and melissa, greek prime minister alexis tsipras is back in athens now, rather batter and bloody after a very tough battle in brussels to try to keep his country in the eurozone. the question is at what cost? in exchange for estimated 95 billion-dollar bailout greece must push harsh reforms in place, deep spending cuts, tax hikes, pension reforms and labor market reforms. now tsipras must sell it to the greek parliament and have some measures in place by wednesday, no easy feat in greece. greek banks are closed for third week in a row along with tight capital controls. no matter what the option, the grew he can economy faces many tough years ahead. liz, melissa. back to you. liz: ashley, thank you very much. >> well it's a good day for apple. the tech giant hitting the competition where it hurt, their pocket.

liz: show time for pluto. a nasa spacecraft is less than 24 hours away from revealing a whole new world. melissa: looking forward to that. hillary clinton is veering to the left but not making too many friends on wall street. ♪ >> the measure of our success must be how much incomes rise for hard-working families. not just for successful ceos and money managers. ♪ i built my business with passion.

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hand apparently, they also lovee stickers.ing. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this. liz: putting the connie in the pot slight. -- economy in the spotlight. hillary clinton says working americans need a raise. fox business's blake burman has the details. >> long in length, the speech was over who minutes and general in ideas, hillary clinton's speech on her economic vision was also short on specifics. she said she would lay out many of the exact proposals in the upcoming days and weeks.

clinton did call for increase in the minimum wage without giving an exact number. the availability of preschool for kids as young as four, and said economic expansion is tied to immigration reform. clinton also laid out many ideas that might give wall street some pause. she said she will lay out a plan that will incentivize profit sharing and labeled stock buybacks as short-term thinking. clinton also called out three of the republican presidential candidates. the first, jeb bush. >> you may have heard governor bush say last week that americans just need to work longer hours. well, he must not have met very many american workers. >> other two candidates she mentioned were marco rubio and scott walker, which might give you a bit of an idea who clinton and her campaign is keeping an eye on at least for now. back to you in new york. melissa: make, thank you very much. blake burman. >> there were 15.

scott walker officially throwing his hat in the 2016 ring. fox business's peter barnes in d.c. with the latest. peter? >> hey, melissa. walker made it official in a tweet this morning saying i'm running for president of the united states to fight and win for the american people. he will announce his candidacy in person, on sage in a couple of hours from now in wisconsin but previewed the themes of his campaign in a web video this morning that took some shots at some of his rivals. he highlighted his conservative policies in his state especially his successful campaign to reform wisconsin's public employee unions. >> america needs new, fresh leadership, with big bold ideas from outside of washington. actually to get things done. wisconsin, we didn't nibble around the edges. we enacted big, bold reforms. took power out of the hands of big government special interests. >> walker is running in the middle of the pack in national polls of republican voters. but he is counting on a good

showing in the iowa caucuses in february to help propel them to the lead. he topped every poll of iowa republicans since february. currently leading jeb bush and rand paul by eight points in the latest average of polls by realclearpolitics.com. melissa? melissa: peter, thank you so much. stay with fox business of full coverage of governor walker's announcement. charles payne will bring it to you live at 6:00 p.m. eastern. you don't want to miss one of walker's opponents. lou dobbs speaks with louisiana governor bobby jindal. liz: our graphic is too squished. walmart, amazon go head-to-head with total retail domination. details on online sales war. after 50 years, lego wants a makeover. the toy's 15-year initiative to build a better brick. that coming up.

♪

♪ ♪ ♪ the ones with the guts to stand apart - join a league all their own. ♪

liz: in a move to keep customers from cutting the cord, comcast is entering internet streaming. it will offer alternative to big cable tv packages. $15 a month a service called stream. really original. stream. joining me now, jason rotman, managing partner of lead die i'll advisors and -- lido isle. they will go on people's laptops or smartphones. who knows if you can look on a smartwatch. they are embracing it fully.

>> there is a lot of issues that i see with this so-called, new idea. which is really not that new. verizon fios has been offering something exactly something like this for years for free. so, that is number one. number two, comcast is going after these millenial and younger mobile device users. however, why doesn't comcast let mobile device users use stream outside the home? it is a paradox. makes zero sense. if anything comcast needs to cut the cord to play catch-up with these kind of weak offers. liz: that is the thing. you have to ask yourself what exactly is comcast doing? we're being more surgical how we target different behaviors. the. here is the behavior. that is what people look at and say. are they embracing or accepting the fact that cord cut something here to stay? >> i think what is interesting

the average millenial doesn't want to pay for watching cable tv. so i think if that is their target market they have missed it. on other hand important to note comcast getting in the stream will bring service to users that may not ordinarily have access or gone out and sought it much as apple is bringing music to the new user as well. they're not going to displace spotify. but i don't disagree with jason. i was a little bit astonished can only stream in your home. liz: start in beta form in boston and spread to chicago. i don't know why they picked boston. should have picked new york. walmart taking on amazon in discount retailer showdown. this is fascinating. they're trying to figure out ways to get more revenue. walmart will hold rival sale against amazon's let's invent a holiday.

huge black friday sale like prime day. who wins this one? walmart is the second to the party. >> that's fine. because someone is first mover doesn't mean they succeed longer term. i honestly love walmart's, i love walmart's posturing. obviously second to the party. walmart is not new kid on the block first of all. anybody second to the party amazon from retail standpoint. walmart is tremendous buy because their stock has been crushed this year. walmart is doing smart thing competing with amazon. amazon deals last one day. this is 90-day roll back of prices for walmart. walmart is doing brilliant pr move. liz: at what cost? the door busters margins are stable if there are any. who wins this one, amazon or walmart? >> i wouldn't underestimate walmart. online sales up 17% this quarter. this company is real serious about taking share from amazon.

from the blog post yesterday or today, that is, i don't understand how you can pay $100 for prime membership and save money was brilliant. i agree with that. i think their user is teed up to save more money. they're lowering free shipping from 50-dollar purchase to $35 purchase. i'm a prime member. i did not know about prime day. i love the way they're pushing this and really bringing it to the average consumer. liz: i'm a queen prime member. i will do one roll of duct tape overnight. starbucks teaming up in initiative to hire 100,000, mostly low-income 16-24-year-olds. nancys that particular zergment of society has very high rate of unemployment. interesting that they're targeting them. what do you think. >> i think it is awesome. i grew up in california. i was beneficiary of a full scholarship to go to college. i would not have been able to go

had i north had the opportunity. so i love that these companies are joining together. i looked at the list. i think most interesting for me is microsoft. that is more of a profession opportunity. starbucks did the same thing for vets. i applaud them. i own the stock. the company is little bit toppy. liz: the stock has done a lot. on top of whole bunch initiatives howard schultz and came take on. you can embrace it or hate it got to give starbuck as award for having personality at that company. >> i whole art head i agree. howard schultz has been phenomenal social activist to create positive change in society through his business and his wealth. one thing i would like to point out though, this is my personal hunch about it, obviously from a, from an intentional standpoint, who is going to say 100,000-dollar jobs initiative is horrible idea?

however i personally think it needs to be stricter. it really shouldn't just be about hiring kids that may be weren't looked at being hired before. it needs to be hire kids and tie their job sustenance with some type of education mandate where they complete some type of schooling. i think if you're just training somebody to poor coffee, that is great for starbucks, what about their future. liz: one step at a time, jason. >> i'm sharing my thought here. we love it. we love all ideas. jason, nancy, great to have you on the show. >> thanks, liz. >> thank you. melissa: on the verge of sealing the deal with iran with the nuclear pact deadline not everyone is rooting for a breakthrough. congresswoman marcia blackburn tells us why she is against any deal. that is next. bold move against isis. which cities iraq is hoping to recapture and who is helping the mission.

that is coming up. well, because it tells us something powerful about progress: that whether times are good or bad, people and their ideas will continue to move the world forward. citi financed the transatlantic cable that connected continents. and the panama canal, that made our world a smaller place. we backed the marshall plan that helped europe regain its strength. and pioneered the atm, for cash, anytime. test so why should that matter to you? because, today, we are still helping progress makers turn their ideas into reality. and the next great idea could be yours. test can a business have a mind?

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. >> no deal with iran again, and that's okay because we cannot trust iran to be faithful in any agreement. joining me now fox business contractor, and thank you so much for joining us. and i'm looking at the ap, and they are reporting the diplomats the announcement could come, that there is a deal, and the predawn hours tomorrow. as early as tomorrow morning we can hear there's a deal.

what's your reaction to that? >> that would be disappointing to hear. you know, one of the things that we in congress want to make certain of is that this is not going to lead to iran getting a nuclear weapon. and there's a lot of looking at this and a lot of dissatisfaction with how these talks have been carried out, and people want to make certain that iran still feels the pressure. that's one of the things we've heard from general and so many others that have looked at this. >> yeah. we were talking earlier in the show talking to an international security expert jim wall she why this is a good deal. and we are getting a meaningful rejection is that it is an improvement on where we are. and the online thing now is iran with the nuclear capability. how do you respond to that?

>> i respond to that by saying they still have their reactors, they still have the center fuges, they still have uranium, they still are pushing back on us without wanting to have full disclosure. and we know that if theres any slight chance that iran is going to have a nuclear weapon, then you can look at saudi arabia -- what they're going to do in response. you can look at what and what we have is this issue where our friends and allies are saying where have you been, america? and can we trust you and our enemies are saying, look. you've vacated the playing field. so it is of trepidation concern that there would be a deal that would not give us the transparency that would do away with the sanctions that would not keep the pressure on iran. >> yeah. >> the pressure needs to stay on them. >> so you obviously have an inside view when you're talking to people there that

this deal is announced before tomorrow morning, you all are up nebraska. how does it play out from there? >> i think you'll see congress take the 60 days to look at it. and i don't know if you're going to see approval of this or not. there is a tremendous amount of concern of what would happen in the middle east. and if this agreement would be in such a way that ten years, 20 years down the road, you're opening up a pathway for iran to have a nuclear weapon. look at russia and china and the way they have said that they think the sanctions should come with off. well, who do you think is selling arms to iran? and where is iran putting those arms? who are they incentivizing? there are a lot of unanswered questions on this. national security is the top issue, especially among women. >> yeah. >> right now and we don't want

isis, al-qaeda, these terrorist groups, and you're going to see a tremendous amount of focus put on this issue as we go in the next couple of months and moving. >> but people who are in favor of the deal they're saying this is a step in the right direction because you're bringing everyone to the table. you saw iran's president tweeting that this is about mutual respect and coming together and ending an era in gridlock, i'm paraphrasing what he said, but they could paradigm, there it is, in exclusion categorize that that is outdated and this would mean tt th is er. the anyalidy tohat cuum causit'setti tranctiotracon othe her de. i he a vy diicul timeooki at meonwho doesot rpecthat e unit stas ofmeri stds f andas cizen chtingn thstres, dth tomeri andtompg on o ag. as sing agrments a

positive sp forward, especially if there's a lack of transparency, especially if it gives them the ability to trade arms, especially if it is going to give them the ability to come out from under these sanctions. i just have a tough time seeing how that is going to be beneficial to the cause of freedom and to the united states of america. . >> congresswoman, thank you so much for joining us. >> thank you. >> we ap i got to tell you about. iraq launching a major military operation to recapture critical province cities lycra maudie from islamic state militants. iran is taking part in the mission. and a massive manhunt underway after a top mexican drug lord escaped from prison over the weekend. he has been charged with drug trafficking in several u.s. areas, including chicago where

his cartel dominates the cocaine markets. he escaped from a prison west of mexico city through a tunnel a mile long. and puert puerto rico, as the clock particulars and default looms, the talks in to renegotiate the island's increasing debt issues. a situation comparing to greece's current struggle with the european unions. the u.s. commonwealth territory faces high rates of poverty and unemployment as it struggles to pay back more than $70 billion in debt. hillary clinton heavily hyped economic speech taking direct aim at wall street. will it end up hurting her where it counts? in the campaign pocketbook. we're digging for answers yet. >> and lego says it is due for a make over. can't way to see that. we'll be right back

>> introducing hillary

economics. >> the time is clear. we must raise in connection with for hard-working americans so they can afford a middle class life. >> everyone wants that. but how do you do it? all right. let's bring in our panel. benson from town haul.com. also a fox business contributor along with kerrie sheffield from forbes and a former senator which you can schumer. thanks to all of you joining us. and, you know, when she did kind of lay out some of the details of what she was looking for, it sounded very far left of what we think of clintonnomics, she talked about higher taxes, higher minimum wage, renewal subsidies, her husband was all about free trade, middle class tax can you tell us. cuts. they very far left of what

people think of the clints yes? >> yeah. and the democratic party has merged very farp to the left over the last few years. so what we saw from hillary clinton today was just a recitation of basically obamanomics. it was more of the same and she was painting this picture of middle class and working americans. well, what party has controlled the white house in the last six years plus? so i think it's an interesting balance she's going to have to strike by saying things aren't great, we have to work harder because we're -- without failing to stick to t to the current president from where she worked. >> i'll get your reaction on the other side. let's listen. >> hard working americans deserve to benefit from the record corporate earnings they help produce. so i will propose ways to encourage companies to share profits with their employees. that's good for workers and good for businesses. >> what in god's name does

that mean? what does that mean? what could she possibly be doing? is she going to handcuff them -- i mean i don't understand. >> well, maybe instead of tax breaks for buying lear jets and yachts, you get tax breaks with sharing profits with your forecasts so you have more of an incentive to pay people a fair wage in this country, which i think is great. >> i doubt she's thinking of tax breaks. tax breaks for corporations to do anything. >> how else will the government incentivize? that's the only power she has to pay more other than raising the minimum wage. >> do you think she has mean corporate tax cuts. >> what he heard penal identifying over and over, that's personalizing hiring, putting stipulations on women. she wants it to be like europe. . >> but there's no evidence that a minimum wage hike has ever -- >> no. no. >> no. that's not true. >> everybody has evidence from

both sides. that's stay on point. >> and it doesn't benefit poor workers much. >> one of the problems we were talking about before the show is none of these guys really lay out exact plans not to do anything. did you hear in here any details what we actually might see? because they basically all go out there and they go you, out there watching in the audience opinion you will be better off if i'm the president. and then you don't hear how. did you hear any details in this one? >> i think there were some details, like, you'll hear in any political speech. when you heard the buzzword middle class over and over again, and you'll theory from both sides of your election. you're trying to sort of paint yourself as a champion for middle america, middle class workers, hard workers, i think she used that phrase a couple of times. but what i thought was interesting is she was going after big banks and criminal behavior. she specifically targeted hsbc as being among those criminal actors. and what she didn't mention was all the money hsbc donated to the clinton foundation. so i think that she'll be a

less -- sort of persuasive as other democratic party. >> chris is going to burst. >> i am going to burst. >> all right. give it to us. >> they're very tasty, but you don't know what's in it. it's like taco bell. >> all right. we're going to end on that one. i did like that. >> bernienomics. >> thanks, guys. liz, over to you. >> thank you very much. it has been more than 50 years since lego's colorful bricks were introduced. and now the company is saying it's time for a make over. so a team of scientists is looking for a more environmentally friendly athan the plastics. it may take 15 years because there's no ideal material on the market now. and now deirdre joins us. legos were huge in my house. >> so this acid test is

creating a different kind of material that we're not going to be able to tell the different when we're putting together a piece. >> uh-huh. >> this is going on this ecofriendly alternative hunt. so essentially they're looking to replace this with a different kind of green material, but it's probably going to take until about 2030 to do it. so challenge out there. there's no plant based material right now that gives lego bricks the same look and and feel. and the other challenge which lies in the face and makes it tougher for lego, me patrolium is getting cheaper. so lego is trying to do this at a moment where business sense tells me to keep using the me patrolium products. so 2030, that he is the year. >> when you google recycled legos, a whole bunch of things coming up. you can't just throw them in the recycling bin. >> it's actually 2030.

sorry, liz, i have to correct my detail there. >> we'll catch california much you at 5:00. thank you purchase. and the shaky company expected to hit the bottom lines. we're going to tell you the most important numbers to watch. it matters to your money. that's next. plus he goes by 50-cent, but rapper curtis jackson is probably feeling that he's worth a lot less than that. ed of out why after this ♪

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the despicable me spin-off is the second biggest opening ever for a animated film. also made history with the best single day for a cartoon feature in north america. raking in over $46 million on friday alone. very fun. also making money. apple. the wall street journal reports more than 962% of smartphone profits went to apple. the tech giant was able to accomplish this even though iphone sales made up less than 20% of all smartphones sold. do that math. and who's losing money? rapper actor and spokesperson 50-cent. curtis jackson filed for bankruptcy today. sting debts in the range of 10 to $50 million. really? over to you. >> and he has a vitamin water name after him. how do you lose all of that? he didn't season kicking into full gear. and traders keeping an eye on the financial names. a couple of them are coming out.

the s&p 500 companies overall expect on your screen. a 4.4% decline in profits for q2. that's the first over year over decreased in earnings over 2012. and joining me now ceo and founder of electricity yon capital. jason and nancy are back as well. and this consistently happens where these companies under promise and then over delivery. is it possible that that minus 4.4% is an overstatement? >> you know, we can hope so, but not likely. earnings estimates can really be called low ball estimates; right? because that is the game. companies give a number, and then they surprise to the upside, they overdeliver, and they rally. so if the earnings are guiding down, and down by quite a bit, we have reason to be concerned. . >> what is the problem, jason? what do you think is the weakness here? and we know that it's been a rocky quarter certainly, but people are still doing commerce and companies are still making money. >> of course and that will

always continue. but as far as answering your question. there's actually a really interesting, quote, unquote, scientific answer to that question. there's a company called fact set. they did an analysis of every word spoken by the ceos recently on these conference calls explaining their earnings. and the u.s. dollar strength, that is the major. >> uh-huh. >> issue with this, you know, decline potential in earnings. coupled with, you know, energy companies are a large percentage of the s&p 500. they're -- you know, they're struggling making as much money when oil was at 1.05. so if you're an everyday investor watching the program, watching the market, and the dollar continues to go up, that could be an issue with the s&p 500 going up. >> isn't that interesting that the negative impact on oil stocks swamps the positive exact impacting of you and i paying so much less at the pump. i have loved this discount over the past couple of months. but why is it more negative than a positive for these companies? >> well, actually if you x out

energy, we're going to be up 8% in earnings, even on these low ball estimates -- >> that's an important point. folks, if you leave out the energy names, nancy says up .8.8%? >> 8 to 9. sorry. and, yeah, i think we have to think about change. i think oil will be weak and we have a demand problem. but i think the rate of change has slowed dramatically and the impact that has spread throughout is going to be diminished. and in addition we're having nma activity. >> that will help a lot. and i want to let l take a crack at this. johnson & johnson, wells fargo, jp morgan, who's the real star here? >> it's hard to say who the stars are. there's so much volatility and so many answers. we still have a lot of questions regarding greece and there's a lot of people that feel very spooked right now,

so i think that we'll see people really keeping their money on the sidelines. >> i think any upside surprise will really catch to the upside in particular stocks because people are expecting bad numbers. thanks to all of you. we really appreciate it. malissa. >> pluto is ready for its close-up. more on the rare photo op. a decade in the making

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>> pluto is getting ready for its close-up, nasa's spacecraft is expected to pass within 8,000 miles of pluto tomorrow morning. sending back images that nasa promises will be unlike you've ever seen. that is a big promise. new horizon has traveled 3 billion miles in nearly 10 years for tomorrow's 30-minut 30-minute. can you imagine? that is amazing. i can't wait to see that. my kids are so enthralled.

>> as we know, it's not a planet, it's a moon. we're going to get hate mail. >> i don't know. we can argue for it. i take your word for it. >> she knows everything. >> deirdre is next. have a great night. >> stargazing as well. thank you so much, liz and malissa. welcome to risk and reward. greece got a deal, but needs to agree before wednesday. we're going to tell you how it's going to affect your investments. no deal for now between u.s. and five other nations in the nuclear power. and the irs disappearing e-mail scandal is getting bigger. details in just a minute. risk and reward starts right now. ♪ ♪ >> both sides threaten to walk