the rest is history now they own anheuser busch. they could get this done. >> interesting to see activity around one of the growth markets in beverage. don't forget to tweet us today. disney pixar "brave" was the biggest box office winner of the weekend. took in $66.6 million. believe it or not pixar's 13th consecutive movie to debut at number one. we're asking you, what would it take for a pixar movie to bomb at the box office, our twitter handle at cnbcsquawkst and sweet get your responses after the break. and kept turning the page, this is the next chapter for the rx and lexus. this is the pursuit of perfection. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. ally bank. recently, students from 31 countries took part in a science test. the top academic performers surprised some people. so did the country that came in 17th place. let's raise the bar and elevate our academic standard

the market likes the deal, bidding anheuser-busch shares up almost 8% to an all-time high. the deal expands what is already the world's largest beer maker. beverage distributor constellation brands has a deal of its own, buying from grupo modelo the rest of a joint venture the two have to import and sell corona and other grupo modelo brands in the u.s. constellation is paying $1.9 billion. constellation jumped big, up 24.4% to a five-year high. up across the board for the five most actively traded exchange traded funds. the emerging markets fund led the group with a 4.4% increase. and that's tonight's "market focus." >> tom: the first half of the year ended with a bang, and if history is an guide, the second half should see new highs for the year. sam stovall is the chief equity strategist at s&p capital i.q. >> let's talk about the second quarter here. despite today's gain, the s&p 500 is down 3%. that's unusual considering the strong rally we had in the first quarter, isn't it? >> it's a bit unusual. when you go back to world war ii, typically the second quarter is pretty

shares of anheuser-busch moving higher on news bud is in talks to buy modelo.the beer expert, is here to talk about this budding brew-mance. >> it is inning because the number is $12 billion. that's been thrown out there. you think why doesn't anheuser-busch buy a couple hundred craft brews or what to do there. there's obviously -- a negative stigma. so -- here to talk about this more with us is evan ben, beer columnist more the st. louis post dispatch. evan, you heard what i was saying like why don't they -- bought goose island for $38 million. why don't they buy all the craft brews since that's hot? when you see a $welfare billion number, i realize that it is -- you have corona there. what do you think about this? >> right. at $38 million goose island deal seems like chump change compared to other numbers we are hearing. you have to consider the sheer size of volume. here is the largest brewer in the world looking to buy the largest brewer in mexico. corona is in 170 countries, number one imported beer in the u.s. i mean, it would be a big coup. >> would they

anheuser-busch is now in talks to buy the 50% stake of corona beer maker that it does not already own. it could top $10 million and a deal could come as soon as this week. hopefully we will have an announcement midweek to talk about. also this morning samsung expecting sales of its new gallaxy s-3 to top $10 million. becky needs to buy one now that her blackberry blew up. >> no way. >> last night. i didn't realize it until last night. good thing because it's my alarm. >> this new galaxy is the can company's fastest selling smartphone and i should say if you read the reviews, the reviews are better than the iphone. >> the new blackberry doesn't have a cord. >> the new blackberry ten. >> you can get a model with the keyboard. >> a two-month machinist strike at lockheed martin looking to near the end. the two sides reaching a tentative agreement. the union is expected to vote this week. most of the striking workers are at the ft. worth plant where f-35 stealth fighter jets are made>>> a check on the markets. already we see some red arrows. we did see downward drafts in asia and in the ea

biggest for anheuser- busch. corona is the top-selling brand here in the u.s. a museum offering free those 18 andr under. you which one i'm .alking about here it of thel to come, we will damageforts to clean the area caused by friday's storm. correct much to do a more track work. bern which lines will affected. your commute as well. it is a much cooler start them we have florida being inundated the reign as the storm to move closer to shore. they expected to make landfall on wednesday. rain could continue. the storm is blamed for at least one death. to home, folks cleaning up after severe thunderstorm. high winds blew down trees and power lines. people suffered major injuries. customers still in the dark. the baseball stadium was also damaged. the cleanup continues from friday's storm. down trees ripped roofs of buildings. it caused massive damage. dozens of residents said some returned to units. normal.still far from >> it is uncomfortable. at nighttime they have police around. it is like a war zone. but i do not like this situation. i never been in this ordea

we should point out, of course, the borrowing costs here, very low for anheuser-busch, for inbev/anheuser-busch00,000 in annual synergies. >> incredible. >>> breaking news with rick santelli? >> university of michigan sentiment survey for june? it's going to be kind of famous but not in a good way. it's the lowest level of the year. 73.2. less than expectations. we're basically looking for a push. unrevised last look at 74.1. we're looking for a similar number. 73.2 is still not out of the range of significant extremes. think back, last year, 69.9 is currently the comp for december. but it wasn't that long ago. in september of '11, we were at 59.4. disappointing lows to the year. but doesn't look like we're getting a huge kickoff. this comes at a time when energy prices for the most part have been falling, which is evident by the last number, the big prices paid drop in the chicago pmi. back to you. >> thank you very much, rick santelli. time for some of this morning's stocks to watch. oracle upgraded at rbc, citing an accelerated growth outlook. goldman sachs cutting several dozen jobs from it

and anheuser-busch could be expanding its brewer. they're reported in talks to take over corona for $12 billion. your summer cook outcould cost you a little more. hot dog prices are up only a penny but the leanest ground beef will run you about 5% more than last year, while wholesale chicken is up about 10%. but feel free to pile on the gauc because avocado prices are down this year. >>> one oakland a's rookie hits his first big league homer and makes it count. plus, the white sox rob a home run and all-star infielder. your early morning sports headlines are straight ahead. >>> tropical storm debby will continue to drench the southeast and the heat in the middle of the country is ridiculous. your forecast coming up. >>> very good morning to you. if you're just waking up, this is "early today." in sports last night major league baseball's only knuckleball was no match for the yankees who held on to beat the mets in the subway series' rubber game. here's nbc's mario solis with a look at all your sports headlines. >> hi, good morning. y

. >> susie: anheuser busch inbev is close to taking control of grupo modelo in a deal valued at an estimated $15 billion. inbev already holds a 50% stake in modelo and if a deal goes through, the belgian brewer would own corona beer, one of the world's top beer brands, an official announcement could come this week. one sticking point: getting the okay from u.s. regulators. inbev already controls a big chunk of the u.s. beer market. >> susie: tom, modelo shares are traded on the mexican stock exchange. they jumped 10%, but then were halted for news. inbev shares here on the big board also rose about 1% to $70.85 a share. but it was a down day for most other stocks trading here at the nyse. >> tom: let's take a look at what's happening in tonight's market focus. stronger new home sales in the u.s. were not enough ahead of a summit this week of european leaders. stocks were weak right from the opening bell. the lowest point of the day came at noon eastern and finished down 1.6%. the selling last week and today has erased much of the index's june rebound. all ten of the major stock sectors were

at the time if i recall anheuser-busch made overtures to modelo to do a deal with them and mow dmodeloblock the deal with inbev. >> i represented anheuser-busch, so i'm not involved in this transition but at the time the acquisition of the other 50% of modelo made a lot of sense. anheuser-busch couldn't implement it at a time when they were receiving such a high premium from inbev from the whole company. it made sense to consolidate the ownership. >> what kind of price do you think they'll get? >> i have no idea. >> more generally the business is off in a big way, m&a business. i don't need to tell you, you know it, before we came on we were talking this idea we could have layoffs on wall street. >> i think the industry is still way overcapacity. you have i think it might have gotten yesterday something might have happened but from facebook to about two or three days ago there were no ipos in the united states and m&a is off 35% plus. >> are you expecting a blood bath? >> blood bath might be too strong a word. >> but layoffs? >> i think there will be reductions in staff and i think it

places they were going to access, there wrb employers there like banks and enterprise rental car, anheuser busch, and they needed people for their warehouse. they couldn't -- they were not able to hire someone who was disabled because they needed someone who was going to help them load plumbing supplies into the warehouse and out of the warehouse and deliver these plumbing supplies. and he said it was clear to him how inefficient this was because you had all these employers that wanted a much different employee than he was looking for. and he said that once again took hours and hours of their time and effort to try to match up the right veteran with the right job opportunity. so if you could, if you could address those two issues that this particular employer in st. louis was struggling with. >> yes, madam chairman. excuse me, i'm suffering from allergies. your comments about not being vets doesn't surprise me. there's a number of sites out there that don't validate who the person is that's putting up the resume. you've got over 300,000 internet job boards out there. you've got about 30 left in

. >>> anheuser-busch and bev could be expanding its brewing dynasty, reportedly in talks to take overrona extra's maker for an estimated $12 billion. >>> and your summer cookout may cost you a little more this year. hot dog prices are only up about a penny, but the leanest ground beef is going to run you about 5% more than last year, while wholesale chicken is up about 10%. but feel free to pile on all that glop, but avocado prices are actually down this year. god to love the guak. >>> one oakland a's rookie hits his first big league homer and makes it count. the red sox rob a home run, steal first place and an all-star infielder. your first look at sports is ahead. you're watching "first look" on msnbc. all we do. this summer, save up to 30%, plus get up to $100 on us. welcome to hotels.com. you're entered for a chance to win a trip to the olympic games for life. to cheer the summer athletes to new heights, starting in 2016... as you experience every moment, every emotion, every four years... for the rest of your life. visa. supporting athletes and the olympic games for 25 years. peo

c-span: how does it fit with budweiser, anheuser-busch... >> guest: it's tiny. it's tiny. c-span: what's the market share? >> guest: about 11 the last time i looked. and in the beer business, 15 percent is the magic number. i mean, anheuser-busch has half, and miller has about 28 percent. those are the goliaths. and according to the--all the coors people i spoke to, interviewing the book, 15 percent was always their magic number. that was the number they thought they needed to compete, you know. and it has to do with economies of scale and buying media time and all kinds of things like that. they never got near 15 percent and they probably won't. they're just not--first of all, there's the lingering boycott which continues to hurt them. and they're also--they're just not that smart a company, unfortunately. c-span: who's boycotting them? >> guest: well, the--the other great thread in this book is their political story. joe coors, in particular; also, his brother--but--but joe, in particular, was really the first big-time financier of the new right. in--in the '50s, in the

now the pay off, anheuser-busch that has reasoned more than 10% year to date. >> tech today is helpingd the come back today. jackie has that angle. >> the nasdaq the best performer on a percentage basis today. take a look at the top five, first solar has been the leader all day after the company announced they would restart a project in california and rehire 230 furloughed workers for that. this project is key because it will account for 30 to 40% of the company's earnings this year. this stock is down more than 50% year to date. seeing buying and short covering. gains in bio tech strong as well wi . >> the ek adequate if i markets had a lot of valuetity after having clawed back from the second worst decline of the year, the s&p is still looking to finish on the downside. >> the market may need a 12% drop before it can hope for further fed intervention? we bring in our guests for thoughts here. and hank smith is here. i know in the past we have talked about the banks a lot. what's your take on the ground grade that we saw last night? interesting so see the banks trading up? >> irreleva

anheuser busch is buying inbev. it's valued at $20.1 billion.lso in the news today perfume maker coty is trying to raise $1 billion valuing the company at more than $7 billion. they dropped their attempt to acquire avon. nasdaq may be required to upgrade its trading systems after the now infamous facebook glitches. the sec is deciding whether to demand that they change completely and revamp process in that ipo and other ipos. yet to decide whether to take any enforcement action against the company. >> we have a few early stocks. shares of research in motion hit very hard in the after hours trading. the company post ad much bigger than expected loss. we knew things were bad. this caught the street by surprise. >> we knew this was the end. >> down 15% was the market reaction. rimm delaying the make-or-break launch ever its next generation blackberry phones until next year. we'll take to an analyst who covers the company at 6:20 eastern time. "journal" laid that out. >> the whole thing is so sad to me. we all love our blackberries. we do. i have an

the market love it is fact to buy the remaining 50% in the joint stake for $1.85 billion of anheuser busch. to a buy from a hold. up five bucks. >> ongoing consolidation. nike is having a problem today getting it done. point the finger at europe. >> on a day like this, down 8.5%. >> it's a rare disappointment. >> listen. they missed expectation. earnings fell 7.6%. the company saying two things. you mentioned europe. pressured by an uncertain global economy. commodities all over the place. having trouble managing that. the move wiped out the gains of basically the entire year. ubs cutting the price target from 125 although keeping the buy rating on the stock. >> before we noomove on, we are session highs. very low volume. the nasdaq having the best day this year and the highs of the day. 244 to the upside. high end retailer saks is actually kind of doing well. >> yeah. it is. up on jp morgan comments. they went in to saks and met with management believing high end remains healthy. they told me to thank you. send you a thank you personally. top lines solid. they see 25% annual earnings per

anheuser-busch jumped nearly 6% after buying half of modelo. and ford slid 5% after saying its international losses would likely triple in the second quarter.ç now back to "hardball." >>> whether it's fires in colorado or flooding in the northern parts of florida, when natural disasters like this hit, america comes together. and we all recognize that there be for the grace of god go i. we've got to make sure that we have each other's backs. >> welcome back to "hardball." late today, president obama was in colorado springs where he surveyed the devastation caused by the wildfires in the state. he also thanked first respond s responders. he offered federal aid to help recovery efforts. more than 30,000 people have been evacuated from their home, but there's nothing like the power of the presidency when disasters strike. it highlights the unique edge an incumbent candidate has. there is no perhaps more potent example than in that great movie which last seen today, the candidate. robert redford plays a young lawyer trying to knock off a senator. t

and also announcing it will acquire the remaining 50% stake that it doesn't already own from anheuser busch$1.58 billion. shares at five-year highs. it is 5:00 somewhere. sue, back to you. >> indeed it is. cheers. thank you very much. >>> that is a very bullish scenario and many analysts say the second half could be tough for one particular part of the market. the banks. due in part to a sharp drop in deal. goldman sachs plans to slash several hundred jobs to cut the costs. how bad for the financials? joining us is neil weinberg at american banker. good to see you again, neil. >> my pleasure. >> we know that the deal making has been drying up lately but some people say that has to do with the credit markets versus the overall environment in the banks. >> i don't know. you need animal spirits, ceos to take risks and hard to believe with europe, with the crisis going on the deal overnight, forget about that for a moment, that crisis, asia slowing down and the united states limping along, hard to believe the a&m market is going to be strong. i'm talking about it for weeks and not seeing the ac

. >> caller: with the pending acquisition of modelo for anheuser-busch do you think it's an opportunity to buy on the dip? >> this is an amazing stock, an amazing company and a growth industry taking share. the answer is yes. it's a good stock. brian in california, please. brian. >> caller: hi, jim. >> you're up. >> caller: brian from california, boo-yah. >> boo-yah! what's going on, partner? >> caller: how you doing, man? >> i'm doing okay. it was a down day. what's up? >> caller: i was wondering about nokia. is it going to zero? >> i don't think it necessarily has to go to zero. it can be a walking dead stock. you know, maybe like sprint was for a long time. sprint got its act together. maybe nokia gets its act together. i'm not selling you to sell a stock at 2 i told you to sell all the way down. at two bucks let someone else tell you to sell. i don't care anymore. get out now? i say no. "mad money" will be right back. >> announcer: coming up, food fight. cramer's bringing some fresh ideas to the sour market after scanning the aisles and mapping the menus it's time to check out his t

it's like the yankees versus the brewers, anheuser-busch versus milwaukee's best.ndeed, this two year political drama is drawing national attention for both parties with the obama campaign releasing a video backing barrett just today. and make no mistake, both candidates are vowing to fight for every last vote. >> we're not conceding any vote anywhere across the state of wisconsin. i'm here tonight to ask for your vote to move wisconsin forward. >> it's like a heavy weight boxing match. and in this corner we've got scott walker with his millions and millions of dollars of out of state dollars. and in this corner we've got tom barrett and he's got you. >> it is going to be a very interesting night. msnbc's ed schultz has been on the story from the get-go. the host of "the ed show" joins us live from madison. ed, this really is a david and goliath battle. scott walker's $30 million versus tom barrett's $4.2 million, and given how mitt romney carpet bombed his opponents during the primaries, is this the same republican playbook right there in wisconsin? >> well, i rea

that are traded, domiciled in europe that don't necessarily have a lot of european yields and anheuser buschs a great example. here's a company although traded in belgium and vast majority of the revenues from the u.s. and latin america, the earnings growth is reasonable. the dividend yields we think are compelling and good growth rates. another name is unilever. in both cases, companies should be able to weather a really trying economy in the developed markets and they have good exposure to emerging markets where you see very strong underlying gdp growth. >> michael, we appreciate it. hope to see you again soon. >> thanks very much. >> sue? >>> we'll take a quick break and then back to health care. house republican tom price is here with his unique view as a lawmaker and a doctor coming up. >>> take a look at the insurance sector faring in the trading session. the managed care stocks are on the downside today with wellpoint, etna and united health care all losing ground. without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the spee

. >> that's why you want to step in and buy, presenting a great opportunity, and we think anheuser-busch is another one. >> beer. i say beer. b-u-d. >> not a bad place. sports are coming up, this is an international type of company doing very well, continues to grow its dividend. >> drown your sorrows, drink some beer you euros. >> if tyler is right about santander maybe you'll be toasting. if not you'll need the beer for solace. thanks, guys. the oil market is down more than 20% in the last two months and today the world bank released its estimate on what would happen to the global economy if we got an oil shock, a big $25 a barrel increase. that report says metals prices would jump 9%, food prices 4% to 6%, and that would, in turn, shave a half a percentage point off of global growth and output. ty? >> all right, thanks very much. for the second week in a row, a storm is brewing down in the gulf of mexico. its name? it seems so innocent, her name is debby, regardless of whether it fully develops it will bring heavy rains and high winds and surf to the gulf coast of florida. if it impac

berkshire, hathaway, anheuser-busch, but as everyone else panics, and we think we are getting paid to assume risk and volatility, we start to tilt our buying toward thing that is are much more out of favor. where we are willing to stomach short-term volatility in stock prices because we think we are getting paid for it. take the u.s. financial, citigroup and aig, two of our favorites are trading at half of tangible book right now. goldman sachs, just a premier global franchise trading at a 25% discount to tangible book. so we really are avoiding all the european financials. they have not gone through their valley of death, but the u.s. financials did a few years ago. they are recapitalized and we think they are way too cheap. we have been adding to netflix. we have been adding to jcpenney and are still believers in ron johnson's turn-around story. but these are admittedly very controversial names. but we think we are getting paid to assume the risk in the volatility there. >> are you still a believer that if europe gets worse, which certainly the signs point to it getting worse, perha

anheuser-busch and coca-cola can invest in these. what's the indianapolis 500.e there long term because they are marketing 200 of millions of people. >> watched sports and if you see brands on the sports as the usually the big spenders. >>mark: corp's is coming out and -- as bollworms it the-they're coming out with the top actresses. i do not know what her staying power is my duty. a lot of accepted practices -- >> hunt >> i you jealous of just an air denver? >> i'm jealous of just in. we will work on an abs drop. thanks for joining as. >>george: there is a hot spot on the nimitz freeway in oakland. conditions are improving. here is a look at the ride on 880 north bound. the drive time out of san leandro is 90 minutes. it should be about 12 to 14 minutes. let's take a last look at your commute on the bridges. let's look at the bay bridge toll plaza. that there is no longer a back but back up ripped it is a 10-11 and dry. as of the the golden gate bridge. there is some slight case traffic through central more rent but no problems for some of them all red in the g

. >> does anheuser-busch want to make a beer or every airport in the country?e letters like j.f.k. or o.r.d. for chicago's o'hare. >> is the beer maker also going to lose your beer when you order it to match up to baggage claims or change your beer on you or change the bar you have to go to get snit. >> alec baldwin went on charlie roses show, also david letterman yesterday to say this week's altercation with a paragraph in new york city has been misreported. he said he did not punch him. he said had he done that he would likely be in jail. >> alec baldwin apparently credible in all things. >> yeah. >> thank you. i guess we've figured out that alec baldwin's not coming on bill's show. >> nope, not going to happen. >> bill is resting comfortably. he had a minor medical procedure. he is fine and may be watching the show and wondering good grief, when is shuster doing now. >> if i know bill, he's watching the show. >> he will be back next week. if this show doesn't give him anymore medical problems, he'll be in good shape so there's a great poll to came out for de

that at a veteran at job fairs, there would be employers like banks and enterprises rental cars, anheuser-busch, and they needed people for their webs -- warehouse. they were not able to hire somebody disabled -- who was disabled because they needed someone to help them load plumbing supplies in and out of their warehouse. he said it was clear to him how inefficient this was -- you had all these employers who wanted a much different employee than he was looking for. he said that that once again took hours of their time and effort to try to match up the right veteran with the right job opportunity. if you could, if you could address these two issues that this employer in st. louis was struggling with. >> your comment about not being vets does not surprise me. there are a number of sites to do not delegate who is putting up the resonant -- do not validate who is putting up the resin bresume. we validate each person who is putting up their president. some others will let anybody put up their resume. over 200,000 visitors a month, but we only have 140,000 active resumes. it has been hammered into u

were going to access, there would be employees there like banks and enterprise rent-a-car and anheuser-busch and they needed people for their warehouse. there were not able to hire someone who is disabled because they needed someone who is going to help them blowed plumbing supplies into the warehouse and out of the warehouse and deliver these. he said it was clear to him how inefficient this was because you had all these employers that wanted a much different employee that he was looking for. he said that once again took hours and hours of their time and effort to match of the right veteran with the right job opportunity. if you were to address those two issues that this employer was struggling with. >> excuse me. i am suffering from allergies. your comment about not being veterans does not surprise me. there are a number of sites out there who did not validate who was putting up the resume. you have over 300,000 internet job boards out there. you have 30 left in the military space. the three lists to validate each person putting up their resume. some others let anybody put up a resume. mos

they were going to access there would be employers there like banks, and enterprise rental car, anheuser-busch, and they needed people for their warehouse. they couldn't, they were not able to hire someone who is disabled because they needed someone who was going to help them load plumbing supplies into the warehouse and out of the warehouse and deliver these plumbing is up price. he -- supplies. it was clear to him how inefficient this was because you had all these employers that want ad much different employee than he was looking for and he said that once again took hours and hours of their time and effort to try to match up the right veteran with the right job opportunity. so if you could, if you would address those two issues that, this particular employer in st. louis was struggling with. >> yes, madam chairman. excuse me. i'm suffering from allergis. your comment about, not being vets doesn't surprise me. there are a number of sites out there that don't validate who the person is that is putting up the resume'. you have got over 300,000 internet job boards out there. you have about 30 le

we were a subsidiary of anheuser-busch for 50 years, acquired by inbev and became a new company.me and needed the wisdom and leadership of blackstone to help us establish a new independent company and with their familiarity they brought a lot to the table. >> it's not just money. what's it done for your job and hiring picture? >> it's done quite a bit. when we began with blackstone we had 21,000 employees and we'll have about 34,000 here now. we've doubled the amount of capital we've spent with black stone and have continued that pace. private equity is a great story for us here. >> how often do you talk -- when he's going to build a new roller coster and invest tens if not hundreds of millions of dollars do you have to give him the okay? >> i personally don't. >> do you ride the roller coasters at least? >> we operate, andrew, as a company. we've got $120 billion of revenue and we've got 700,000 people who work at all of our companies. >> but everybody has their deep down. >> and we have a team of partners led by my partner joe baratta in this particular deal and joe and his tea