. >> and the high land of misfit devices, acer ceo asks microsoft to reconsider the new tablet. the results may surprise you. >>> plus, instant reaction to disney's earnings with the ceo. >>> with about 45 minutes to go in today's trading session, time now for a quick market stat check. the major averages on course for a three-day winning streak. the industrials aiming for the highest close in some four and a half years. right now we're at 13185, so a touch less than 100 to go there. the s&p 500 energy index is hitting the best level since may. >> the latest attack line in president obama's arsenal, and it's raising eyebrows. saying there will be a full-on move to class warfare in this election. here is the president's comments. >> he asked the middle class to pay more in taxes to give another $250,000 tax cut to people making more than $300 million a year. it's like robinhood in reverse. it's romneyhood. >> and of course the implication is that romneyhood is the rich stealing from the poor, not a flattering picture for the biggest earners in america and more of the whole divisi

northbound at barry acer road. and the traffic is moving along well in oakland and interstate 880 north and southbound and as you get to the bay bridge, it is like no problems getting into san francisco. let's go to steve. >> all right, everybody good morning, some tropical clouds worked their way towards the sierra nevada a little system moving to the north but it looks like today will be the warmest day. it looks like it will still be hot towards saturday. by the coast around the bay, there is a lot of fox and it can't really go very far. livermore, not much of a breeze. i mean yesterday it went calm and some locations went morning. we will prevent that high from building any more than this is. this there be a 40 degrees spread, so antioch 102, fairfield 100, san jose close to 100, redwood city, 7 degrees cooler and that's up against the hills there. downtown oakland 80 and it looks like a little cool down friday. some may not notice it and then we start a cooling trend for all no doubt about it on monday. >>> in

. >> and a wild fire outside seattle has now destroyed 60 homes and burned 26,000 aceres of land. the flames, they continue to spread. high winds and dry conditions are to blame and tonight, authorities are telling folks if you're in the path of this one, get out of the way. >> i think it's very frightening. people are pulling together and trying to help each other get by. because nobody knows where this wild fire is going. >> but it is going and as it spreads, farmers and ranchers are rushing to make sure animals are safe. the cause is under investigation. >>> we are just getting word, billy graham is out of the hospital. the 93-year-old was being treated for bronchitis over the last few days. despite that illness, graham is remarkably healthy for a man his age. >>> coming up, you may be paying more for fancy features, but are those luxury cars up to snuff on safety? plus, new guidelines take effect as all our kids take the field for summer sports practices. we'll talk about them. >> the presidential candidates take the battle over energy to the battleground states with the runni

i think someone like dell and hp is reality that guys like acer are getting increasingly aggressive in. you know, we do see growth, it's just coming to different vendors, but not dell. >> i want to follow up, dell, i guess sort of sees the writing on the wall here, and it has been moving itself away which are half of it's revenues. it's been making acquisitions in places like store rage and software, will it be able to save the stock. >> the question comes down is can they get away from the pc department. so far, the answer to that has been no. we may see a potential benefit with the stock getting more aggressive and doing bigger deals verses the smaller deals. that will be an exit out of the business model. >> spending more money is not necessarily the answer, spending it smarter is. and i don't contest the idea that these two companies, hewlett packard and dell, but for intellectual property. rim and nokia, i would argue, are companies with known franchises and substantial intellectual property port foal yous and both companies could be acquired for not a tremendous amount of money.

. >> acer is doing well and can they operate in the low margin world. look at big lots, biggest percentage loser here at 22% on the nyse. >> missed analyst estimates. eps missed by a nickel and cut the full-year forecast for the second time and expecting further weakness in discretionary products. lowest point of the year. a couple of years ago big lots the single best performer for the year and i think 2006, 2007. whatever it was for the year. they have fallen a long ways since then. >> next question is who doesn't like spam? >> i know who does. shactman likes spam right now. >> eating a lot of spam. on the way to get a big spam burger. hormel foods makes spam. an increase in sales. thanks to spam. but what else is going on with that stock? >> wasn't just spam. >> lots of other things. >> right? grocery product segment increased by 32%, led by spam sales. third quarter eps, revenue and maybe more importantly they stood by their full-year earnings outlook despite pressure from higher grain costs. all these commodities prices. they said sticking by the f

acer wants microsoft to reconsider its planned venture into the tablet market. they argue microsoft's plans to launch their own surface tablet would be negative for the worldwide eco system. acer has a tablet. chesapeake energy earnings fell short but revenue was above. company expects to announce the sale of a key west texas asset that we talked about to help that company's balance sheet within the next 30 face and shares did rise after hours. dream works and chinese partners announcing they will produce the next "kung fu panda" and jointly develop an entertainment center in shanghai. "kung fu panda" 3 is the proposed name. this is big news. >> i know it may not sound like big news. >> why? >> because in the world -- we should have someone like jim o'neal in the world of u.s./chinese business, "kung fu panda" 2 did better in china than here. so what dream works is doing is build the business in china and made all these bilateral agreements to start producing things in china and doing other thing in china to get more of their movies into china. >> popular movie

. >> we'll get you nexus 7 acers, google operating system, latest. beautiful, great display, $200. like what they have done here. they give awe lot of different styles here. go online, have five sent to your home. try them on, let your friends see them. keep the ones you want, send the others back, they fill it with the prescription. >> netbooks and pocket camcorders. >> gone, gone, and gone. >> mario armstrong. thanks so much. here is natalie. >> finally one of our favorite topics, food. host of cooking for real on the food network. sunny, good morning. >> good morning. >> dumplings are apparently popular. can you find them everywhere. >> you can. ten years ago you couldn't find won ton in the freezer section. now you are bombarded with them. >> these are my shrimp filled pot stickers. do or dine, these are nippon nachos. they came out looking like -- wait a minute. where are the chips. they are dumplings. >> over here. deserts. mini is in. >> yes. we've all dealt with the big cupcakes, now mini cupcakes. it's all about mini whoopi pies. these are snicker doodles filled with sweet

that mean s lanovo or acer are saying market share. guess the question here at this point, guys, is whether or not we'll have hewlett-packard in the pc business two years from now and windows 8 isn't going to matter at all to them. finally, i want to talk about whether people believe we're going to continue on this rally here. there's a survey out of strategists now. most of them have 1425 at the end of the year for s&p. we're at 1413 or so. most of the strategists think we'll end the year close to where we are right now. a lot of interesting debate about whether or not there will be a big move in september. most of them feel there will be a bit of a correction at this point. >> guys, back to you. >> sobering unless of the hewlett-packard situation. let's go to rick santelli. >> the score is china 10, europe 7. and this is not a score where china wins. china now has ten months ar 50 on their pmi. and europe has seven months after 50 on their eurozone pmi even though it was up 0.1. we want to continue to monitor that. it speaks is volum