". >>> alocoa after hou. we break down the econom bellwether's outlook to see where th market's headed next. >>> steewars. cha detaining an executives one of the bgest iron ore producers in the world. it's an ternational espionage story. weill take you inside for the trade. >>> one sizzng fast food trade losing steam. wi new items whet the appete of bten down consumers? mr. ans? this is janice froonstar. i haveeived an automatic sna you've been in a front-end cra. do you need help? yeahah. i'llll ctatactmergency servrveses a stay with you. u u ay? ahah ststarstandard for one yearar on c cvy models. you mu be looking for motorcycle inrance. you're good. thanks. so is our bike i insuran. all the e coverageou need at a great price cool. hold on, cowboy. i'm not done -- for ssss tn a dollar a month u also get 24/7 roaddedeistance. right on. yeah, vroom-oom! un like you ran a 50 well, you' eused. thright insurance for ur ride. now, that's progreivive. cal. >>> welcback. aloa is trading higher after hours. 26 cents

alocoa once again because the dow is a price-weighted index, alocoa is the smallest member because its share price is the smallest on the dow so the impact on the dow is contained, but still -- >> s&p is up two points -- >> you have to remember the dow has really become irrelevant. look how it closely -- not closely, decoupled from the s&p. the dow is down way -- it's not even relevant. >> that's a good trade school. it decoupled from the s&p 500 because it's rigged by share price as opposed to market capitalization. >> rigged is the right word. rigged. >> i just meant rigged meaning wired. let's move on here. >> pretty heavy accusation there. >> yeah.1á one word, it's a firestorm. much more to the metal story than alocoa. we'll uncover a steel deal with international intrigue. while china has execs from rio tinto. >>> heading over to prop desk, if you've been noticing there are fewer and fewer ten ents living in your condo building, karen has found a way to trade that that. >> i think most of the trade, if you look in the last month what's happened to the commercial real estate and th

we've bebe hring from alocoa. me out with earningings afterer the bell.cponent toto rort. thee news was bter than thee streetet h b bn expecting. they did r rorort a loss of 26 cents a shshare. when you s str o outome items, bubut at was a smsmleler ss than had bebeenntntipated. 38 centstsas the lososs m my analysts were l lkikingor on that consensus sisi not to mention ththe oo telling analyss he thinks alhe weak demand fo alumininum may be coming t tn end. theyey a seeing some snsns off stabilization.n. that's helping the stk.k. that's why y youee it up so sharply.y. goldman sachchs,haha company upgraded t taa buyfrom eutral, bank of amerera/a/meill lynch today. thcacar t increreas to $1 fr $144. merrill l al raising goldman chchs'econduauaer eararnis s per arare, to reflflec what the say areignificantly btete tradadg g prciple gains, inststnt banking revenues anand ththat plays in a lot to what y say, too, jim, you've e be seseei o outhere, that environment, c corctct >> eexaly. exactly.y. >> target on ldldma now isis $175 -- $1. >> businins s ishealth

. >>> alocoa shares soar more than 7% after hours as the dow component kicks off earning season with than expected second quarter loss and larger than expected revenues. "the wall street journal" says pimco withdrew its application a month ago due to uncertainties about the plan's design and

dow component alocoa will be kicking off after the bell wednesday.o post a second quarter loss of 32 cents a share. in april, alocoa warned of continued end market weakness for product in aerospace, construction, and global transportation sectors. >>> quiet week on the data front but we'll get ism nonmanufacturing later today. wednesday, weekly mortgage applications. thursday, we'll pay close attention to jobless claims and wholesale trade especially with the holiday shortened week last week. friday, readings on consumer sentiment and nation's trade balance. we've had consumer sentiment up three months if a row, joe. you don't do that in general in a recession. >> yeah. interesting. and then -- are we -- will the next one be up? >> no. i don't know. >> how do we -- >>> let's take a closer look at what investors can expect this summer and the rest of 2009. mark hulbert, editor of the hulbert financial digest. good morning. nice to see. >> you good morning. >> where are we, mark? last couple of times you've been on i think your point was maybe we had g

>>ike, we're going get alocoa kicking off whh earningss wedndnesy y ter the bebell what's goioi to beant iue? is it just gdadancthis earnrngsgs sson? >> to ububt. the nunumbss for theasast quararte p peoe p preme the wot. maybe get some pleleastt rprpris here and tre. overall, people e wot t beaying atteteioion those much more as to w wtt the managagemt t sang, their view. people, ainin, have veryry low expectations. we could have some pricece ere is butut ty y ma not b all plpleant. >> jesess s thk you very much. ke's going to stayitith s.s. >>> a render, you cananeeee scott erery fight atat 11:30 ststertime on "opoptis s action". >>> checking the futures, , th turned arounund cecent. we're lookokinfofoa lower open. ju a little bit. it's kind of rigight around thee flat lineoday.. > > no battingng fpimco, recentlyly a auiuire l-star player tony crcenzi, o one of ththe stst kwn fixed income traders s onalalstreet. had to pack u and m movtoto new poertd beach. yeah rough place c cpapareto ft. lee. his s fit t on cnbc interview sisincmamang the big move. so, katyty kkeked f the conferen