take anadarko.nadarko petroleum is one of the strongest derivative natural gas plays, one of those i've been recommending since january 12th, when it was at $38.33. the stock is now up to $54.40. a 40% increase. even as the price of the commodity has just been crushed. if natural gas is going to be part of our energy future, then anadarko is a fantastic stock to own. and its second quarter, recorded record sales volume, selling 4 million more gallons than the midpoint of anadarko's guidance. as well as record drilling efficiencies, meaning the company was able to run fewer rigs but drill more wells and the cost of wells coming down. anadarko's a great growth energy play. with new discoveries in the gulf of mexico and mississippi, a major new project in ghana that was approved by their government in july and another project in algeria that's expected to start producing oil in 2011. the company's also done a great job of hedging its natural gas 80% of anticipated natural gas volumes, hedged at $4.18 i

i do want to touch on a couple of names, starting with anadarko petroleum.

i do want to touch on a couple of names, starting with anadarko petroleum. we'll get some answers and go inside these results. that was a beat, actually, and we'll find out what things, what's going on. we talked about housing, as well, construction spending was up, part of the good news on today. they lost 74 cents a share, that narrowed from q-1, but that was worst than the estimates. as we spin to tomorrow to see if you can keep this going and that's something you're going to get into. d.r. horton reports tomorrow as does kraft foods and cvs, so there are earnings stories tomorrow that could also propel the market for yet another day. >> all right, brian, thank you ever so much. now let me get an overview of this whole summer rally, and in fact, going back to last march, the full new bull market recovery story. cnbc ace reporter bob pisani is here with the details. bob, my take has been this summer rally is yes, totally fabulous, but it is only a piece of the long march from last march. and that's where i come in with the new bull market i've tried to cha

. >> the 61-year-old would travel an hour and ten minutes every sunday from oklahoma city to anadarko, a minister to a small congregation. carol's mom says she wants whoever took her daughter away to be caught. to not only face a judge, but the lord. >> i can't rationalize it. i don't understand why this would happen. and i want him to have an opportunity to save the lord and save their soul. >>> good evening. i'm nancy grace. i want to thank you for being with us. a reality tv star wanted for the murder of swimsuit model jasmine fiore found dead in a hotel room. as the search intensifies for the mystery blond, jenkins' alleged accomplice, police confirm fiore's missing blacktop mercedes abandoned in a west hollywood parking lot. is the car a key to the murder scene? >> my son is innocent and i think he panicked and i'm -- i'm just -- i'm dead. i'm dead inside. i'm devastated. what can i tell you? i love him. he's my only child. >> today, cops want to know whether jenkins' family is somehow involved. they say a car spotted at that motel matched the description of his dad's silver pt c

anadarko and gas, and the only way you'll move them off the field is you've got to have pipelines.ipeline? >> you know where i'm going to send you, i like to go to kinder morgan energy partners, knp. 8% yield, and you've got a toll -- it's going to make you money, no matter what. richard in california. >> caller: a very grateful boo-yah. >> well, thank you, you're welcome boo-yah. >> caller: i forgot to mention that. jim, first of all, i want to tell you i love your style, i love your show, and that i learn more watching your show than ever attending the wharton school. >> really? wharton had better cheesesteaks nearby, but what's up? >> caller: i'm watching hxl, boeing has been great, but where is hxl? >> i've been thinking the same thing, boeing has been moving in a niagara falls fashion up to hell, and meanwhile, this stays at 11. i think boeing is too high, because they can't ship the dreamliner. i'd rate be in precision castparts. hey, go into honeywell. hey, dave cody, he's shooting the lights out, he was next door to me and i kept playing it over and over again. kay in flori

up in washington, oh, my goodness, and anadarko ceo beats the street. can he beat back bearish bob crandall? fasten your seat belts, everyone, i'm going to beat them all back to kudlow report. we begin right now. >>> well, good evening, everyone, i'm larry kudlow, welcome back to the kudlow report where we believe pre-market capitalism is the best path to prosperity.. i want to repeat my view from last week, we are in a full-fledged new bull market. the summer rally is fabulous, but it's all part of the 50% move up since early last march. across the board, business tax cutting, and better than expected profits and cost-cutting in particular not tax cutting, all of that is pushing back against washington policy threats. all of that pointing the way to the new economic recovery. give a cheer from business from all corners of the economy. business regaining its health h and that is going to drive consumers and what i think is a 3% to 4% expansion in the next few quarters on into 2010. yeah, the fed is is

weatherford in the service area, they're levered to the emerging markets, i would like an at apache or anadarkor look in technology at microsoft at their new product cycle i would also look at ibm or hewlett for stimulus spending, government stimulus spending and then in biotech, i would look at something like amgen, one a bone-developing agent, which looks interesting and a drug. >> microsoft is always the major engine that might.t. what are you looking at? >> well, rather than picking individual tech stocks, buy the whole sector, the technology sector spider, xlk, also emerging markets, you too can make money like michael pinto, buy emerging markets. >> emerging markets. >> vwo, vanguard, and solar select atf. ticker symbol t.a.n. >> solar's so cute. mike pinto, what you got? >> i actually sold a lot of my precious metal and base metal holdings, i think we are overextended in the short-term. and i would look to buy tbt. >> tbt. >> yep, double the inverse. >> and it shorts the long end of the treasury. >> 20-year plus, lehman brothers 20-year plus. >> joe miller, wall street capital. >> i'm no

. >> anadarko, they're still cash rich.lot of onshore production in nat gas. >> the governor drilling deep for a winning trade after announcing that they had found a new deep-water oil discovery in the gulf of mexico, the stock shot up 8%. >> children's place, they put an end to the proxy fight. the stock goes up three bucks. time to say good-bye. >>> the chairwoman checking out this specialty retailer. after reporting a 4% drop in same-store sales, children's place tumbled 6%. >> target has reduced prices 4.5% year-on-year. walmart has not reduced prices as much. that's why target lines up better. >> the liquidator hitting the bull's-eye on target. after reporting better-than-expected results, the retailer rang up an 8% profit. >>> name like western digital is a story going forward in terms of this whole digital era. these guys are doing everything right. >> and the negotiator, hung up on a hard drive maker after being upgraded to a strong buy. western digital jumped 8%. >> leaving with us two words -- "fast money." >>> al

i'd buy natural resources, and i would buy the exploration development, so buy, say, an apache, anadarko, names -- or a bhp, and i think people are going to buy houses, that's a great play on inflation. you would get about 4 to 1 on the leverage on the house over time. a lot of the fortunes made -- >> even if you put the 25% down. >> which is high. >> you also like a couple -- well, pretty big financials, pnc, wells fargo, jpmorgan. >> i think they're survivors. over time we'll see some pretty good results. they're starting to work through the worst of the bad debt, and there might be another year or year and a half of lackluster earnings, but we should see much higher earnings over time. financial stocks do go up with inflation. >> thank you very much, david, always a pleasure to see you, david dreman, the original contrarian investor. >>> moments ago, breaking economic data. ism services and factory orders. >> we'll go inside the numbers from pnc and kraft, and actually some interesting questions of kraft about health care reform anded food we eat. finally, good news for people with ty

police say 61-year-old carol daniels died of multiple sharp force injuries happened in the town of anadarkoe say whoever killed daniels moved her body into an unnatural position after the murder. investigators are reviewing surveillance tape now for clues. >> what we know right now from witnesses and from surveillance video, she gut the church about 10:00 that morning and her body was found about noon that day. >> a $10,000 reward is being offered for information about the killing. >>> a terrifying ride home for some students in atlanta after police say a nearly naked man hijacked their school bus. police say the man jumped through the driver's side window of the school bus and overpowthered driver while the bus was stopped near a convenience store. there were nearly a dozen students still onboard. police say one student tried to get control of the bus and the man fought him as the bus careened off the road and into a ditch. >> once he jumped off, we grabbed him. he slipped away and tried to get up under the bus and he had on sweatpants and he had pulled them down and like he was driving th

police are warning clergy members in the town of anadarko to take safety precautions.can't want them to die. i want them to live. i want them punished, i want them off the street. i don't want anyone else to have to go through what we've gone through. >> police held a closed door meeting with pastors last night to talk to them about their safety, to talk to them about security issues. there is a $10,000 reward for information leading to an arrest and conviction in this case. >>> the motorcade carrying the body of senator ted kennedy is on its way to the jfk presidential library in boston. it will lie in repose there. these are live pictures of the hearse making its way through the city of boston, right now on the streets there. it is moving past some of the really important landmarks in kennedy's life, including faneuil hall and the church where his mother, rose, was baptized. earlier the kennedy family held a private mass at his home in hyannis port and that's where this motorcade began and has since been making the approximately 70-mile trip from hyannis port to the