now, you take a look at activision.three times more, a ratio of three times higherer and earned it with great gails like call of duty but one thing that interests me is zynga. a high valuation but they don't really why that sort of sales growth to back it up so i would be very concerned of zynga going forward. i like ea as a speculative buy and act ivision. >> all right. now to simon. >> flashing at the bottom of the screens, looks like the head of risk management at jpmorgan has gone. acted with integrity and asked him to leave. the guy in charge of sorting out the affair now in the call said risk management would get more authority. they need a change of guard here. joining me at new york stock exchange, neil wineberg of american banker and also mike mayo celebrated bank analyst asked a direct question of jamie dimon. has jpmorgan reached a tipping point in terms of size or complexity to make it more difficult to manage? dimon very pointedly replied, no. >> well, obviously, he's going to say no and said that it was so

talk about judicial activision -- activism, which they did not like in the 1960's and 1970's. i am not a lawyer, but i am an american. that was a terrible decision. you have the cases where the court as kind of gone beyond what was even asked of it. they could have said in citizens united, that documentary, that is protected speech. they did not have to strike down all law. i think that the court is going to be for people and our not certain that the president has done all that they hoped, i think we're going to get to october or november, and people are going to have to really look at what would happen if we give republicans another shot of appointees, because they have taken the court to be right, and we was seen rulings that we do not like already. it will not be the democracy we want if we have more conservative justices. tavis: for the sake of the argument, let me flip this. you conceded that this would likely or possibly galvanize the base for mr. romney, but you also suggested might rally and excite the obama gate -- obama base. you are in san francisco, said you know p

it remains to be seen whether there's even a lot of interest in activision stake but it begs the questionhealth of it, how many other assets it will have to sell and what its credit status is right now. of course that further begs the question about overall health in europe, macro economic weakness those questions will be posed to the prime minister of italy when he appears later in the week. i'll send it back over to you guys. >> that will be an interesting juxtaposition. yahoo! holds itsual shareholders meeting today at 11:00 a.m. eastern. the board may give an update for the search for a new ceo. meeting comes as new data shows yahoo! loses market share. 13% of the market it has down from 16% a year ago falling further behind google and microsoft. >>> groupon shares tumbled to a new low yesterday. shares are down more than 40% over the last three months alone and 60% since the firm's ipo last move to. the comscore data showed visits to the site was down from 2011. to you, the question that we want to ask is, is this groupon specific? do we start to worry about social media sites more b

i have stock in activision. is that worth playing? >> no.a flat line stock in a flat line business without growth. i need a special situation like apple or western e digital where the growth goes from bad to good or a consistent dividend. you have neither when it comes to that stock. sorry. can't like everything. in this game of telephone at&t could ring in the profits for you. listen, it's not that i don't like verizon, they are both good. right now on an apples to apples and apples to orange basis at&t is the better stock. stay with cramer. >> announcer: coming up, can you handle the heat? cramer gets you fired up for a searing hot lightning round. and later, processing profits. chip maker broadcomm surprised the street sending shares higher after raising guidance. should it be a at the core of your portfolio? cramer's earnings exclusive with the company's ceo is just ahead. all coming up on "mad money."  >> announcer: lightning round is sponsored by td ameritrade. [ bell ringing ] [ applause ] >> it is time. it is time f

now activision ceo bob kotick heading to rub shoulders with potential buyers, microsoft, time-warner,g with kkr, providence and blackstone. they have all attended in years past. slightly negative this morning on the heels of announcing first person shooter game based on "walking dead." over the past year the stock pretty much flat. on the up side seen it go up on big hits like call of duty. on the downside it has been under pressure because of the rise of social and mobile games. >> zynga, thank you very much. the view from the west coast. >>> now to our hero and rebel section of the program making a triumphant return. >> not gary. >> it is gary. >> hello, simon, hello, melissa. i'm still trying to get everything set up. you know when you're out of the office, try to get computers set up. >> most of us don't go out of the office for a month. >> oh, there we go, simon. bring it on. in fact, that's a good segue to what i want to talk about. i'm going it talk about euro bonds and what's happening in europe later in the hour. i do want to talk about the overall sentiment of the market. i

reuters also writing talks to sell activision have stalled over the asking price. >>> as far as euro/dollar is concerned, we're away from the 121.62 level last week. but, of course, we have seen the euro down to all-time lows against some of the currencies, particularly the aussie dollar and the kiwi. paul joins us for now. paul, just on euro/dollar, first of all, we've got this range between the low 21s and 124 region. is that range going to stay with us for a while now? >> we think so. we think euro/dollar might have a bit of fundamentals. our short-term models suggest something more around 124. we wonder whether there's just specific flows through the market may be diversification, fx reserves away from the euro that seems to be weakening the euro and against the dollar. but over the medium term, the lower yield in europe that we're seeing as the world adjusts to zero or even negative rates i think is going to be particularly heavyweight on the euro going forward. this range may be a little higher short term but ultimately lower. >> aussie, negative yields we've seen this week on t

repeated activision of the extreme heat plan prompted them to seriously consider seriously be evaluating the burden to risks of drought conditions. the indianapolis water utility, which operates the city's water supply, use weeklying status updates as posted on the website to determine whether to enhance water conservation efforts when necessary in response to dry conditions. by late june, citizens had been delivering record amounts of water amidst record-breaking heat. 40% of their water load was four lawn irrigation. citizens ask customers to stop voluntarily what vermont and 2006, resulting in a modest -- voluntarily watering their lawns. in july 14, i enacted mandatory water use restrictions to ensure there was adequate water for public safety and well-being. these included a ban on watering lawns, washing vehicles, cleaning out for services with water, filling the empty swindles, landscaping, and other -- swimming pools, landscaping, and others. water was allowed only for fire suppssion. in less than one week, water usage dropped an additional 58 million gallons a day. some business

. >>> also this morning, activision blizzard could be the stock to watch today.wants to gauge interest in that stake of the company it owns and could be sold for as much as $10 billion. time warner and microsoft mentioned as possible bidders. >>> president obama's going to call for a one-year extension of the bush era tax cuts today. republicans have argued that those tax cuts should be extended for everyone. >>> we've got a deal this morning. wellpoint buying amergroup for $92 a share. that's a 43% premium. let's take a look at futures right now. looks like we are going to be down across the board. dow opening about 30 points lower. s&p off by about 3. joe? >> thanks, andrew. we have the first governor in u.s. history to survive a recall election. scott walker of wisconsin is here for two hours. governor, great to see you. you're elected twice. congratulations. like deja vu all over again? >> bobby jindal asked me if i would get a new four-year term. no. >> wisconsin has always been a liberal state. i think of it as a pretty blue state. and in winning the recall

also, activision, whether they will be selling that stake.w interim ceo at avendee expected to be here, as well as the chairman. a lot could be borne out of this, it's just whether the climate is right and how they feel when they wake up in the morning, as you know. >> after that rafting trip and everything else. kayla, great having you there. we'll check in with you later. >> it's a tough agenda. have you gone rafting with the moguls? >> you know, i didn't. i opened up sun valley for us and then the next year they didn't want me actually in there. i was there a couple years. >> why was that? >> they try to keep the reporters to a certain extent away from everybody, to the extent they can. but we'll see. you managed to catch up with people. >> still, kayla got a comment from viacom -- >> right. >> sure. that's still an ability. >> absolutely. >>> coming up next, getting in on the facebook rally. shares were up sharply in the past month. find out why one analyst sees it hitting $40, back above the ipo price. much more "squawk on the street" st