shares of both companies gained on the session with baker hughes posting a 9% gain. and taking a look at the oil markets today, prices for west texas crude and brent fell, after rising steadily for the last several days. investors sold oil fur on concns abo sloweeconomic growth in the eurozone and what it could mean for oil and gasoline demand. one oil trader says he sees crude prices stabilizing at lower levels. >> near term, we're going to ease back a bit. i think we're probably going to be in the high 80s, maybe 85.5, maybe 87.5 will be where we are going to settle back here. until then, i don't see any reason for us to go much higher. we basically overshot our objectives here. >> susie: last night we told you about chipotle's disappointing sales growth. the upscale burrito maker blamed a cautious consumer and slowing u.s. economy. today, chipotle shares got burned. they fell almost $100 in early trading, but they were able to cut their losses and end the session down $87. restaurant rivals starbucks and panera bread also lost ground in today's trading. the past f

give me a break. >> baker hughes up.treet by -- i think it was 20 cents a share. they beat the street by a handy margin. that stock is up 9.4%. people into the fracking side of the story like this news because there's a lot of fear about getting resources -- baker hughes said we can't get the men and women equipment to the areas fast enough to take advantage of what we can. so pretty solid results for bhi. still down 6% year to day. but a big day. >> maybe we could break bread together. combine two. let's bring in bob. chipotle having its worst percentage drop -- >> you're not doing a victory lap? >> all i'm going to tell you is, we started talking about this back in june of a year ago and even mentioned it all along and a shout-out to itg group which nailed this back in this past june by saying their in-store checks showed there would be a sales slowdown. but the bottom line here, priced for perfection means priced for perfection. you can't have anything go wrong. this is what happens with these companies. >> something

so baker hughes would be my play of these two. not to fade leon, i'm not getting out of halliburton. but i really like baker >> coming up on "halftime," should you sell deckers ahead of its earnings on thursday? an analyst making a big call next. >>> plus our traders are fast but they're not always right. we're learning from their mistakes next. tdd# 1-800-345-2550 i'm constantly working my screens. tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd# 1-800-345-2550 so when things shift, i'm ready. tdd# 1-800-345-2550 then to track the

baker hughes, coming back from the dead which it definitely was. oil service. top flight aerospace name. action owners plus.com. terrific. that's aerospace. at&t, utility. verizon people not thrilled with the idea that at&t is cheaper than verizon. both work. finally, johnson controls, an industrial, but a bad industrial. i would trim johnson controls. you have industrial, aerospace, oil, drug and utility. i say bingo, well played. congratulations. thank you for citing me as one of the reasons why you got involved in the game. let's go to brian in new york, please. brian. >> caller: boo-yah, skee-daddy. >> what's up, chief? >> caller: here are my stocks. mcdonald's, apple, nike, iau, and yum brands. jim, i just want to thank you and everyone on your team for all the great advice you give. i love the action alerts plus. yes, thank you very much. >> you're terrific. thank you. my team is the best in the world. let's go to work. [ buzzer ] first of all we have ishares gold. always have gold in the portfolio. that's a great way to do it. mcdonald's. a lot of people

. >> an update on baker hughes. up big today on a 30% increase in second-quarter profit.is a key customer f for gardner denver up. gardner denver reported yesterday. those are two stocks on the move today. >> thanks, jackie. >>> as we continue here on "power lunch," geopolitical risks overhanging the market. one power player is going to join us and tell us where she sees investment opportunity right now. >>> but first let's take a look at how the u.s. markets are trading right now. they are trading lower the. the industrials off 118 points. the s&p down 12 points. and nasdaq down 32 points. more than 1% at 2,932. and the russell 2000 down at 792.27. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with th

. >> you will meet a young baker hughes the kitchen as a way to get through tough time in his >> of the olympics continue to grip the nation and the world but there is something very different about this year's games and it's the social media affect. >> there is a lot of complaining going on about the game's not being televised live. then you add it twitter and facebook running at the surprise when they do it finally come on. >> they are calling it the twitter olympics and for good and bad reasons. social media as having a wide- ranging impact on this year's games. imagine the daily challenge of trying to stay away from any olympic news on air or on line. >> i don't look toward trying to read all of the results. my wife and i enjoy the olympics together. >> this person is in the opposite situation, always on twitter trying to get the latest results. >> sometimes i like to know the results so i can catch the next race faster. >> social media, particularly twitter, has it changed the olympics. less than one week into the game meant to athletes have been banned for sending racist tweets. o

numbers from general ee electric, r, baker hughes, cemex, ingersoll rand, suntrust and xerox. inch >>> a local gunman has shot dead one person and wounded 30 to 40 others. these pictures brought to us by reuters. no further detail known at the moment. but of course local media is now on the scene and we're starting to get a better sense, ross, of what's happened and just to what degree this was a premeditated incident. >> we will keep you informed of what's going on. >>> other news, of course, we're also following. microsoft has posted its first quarterly loss since going public in 1986. the company warned two weeks ago it would take a $6 billion charge in the fourth quarter to write down its struggling online ad and web business. excluding items. microsoft's earnings beat forecasts although revenues came up shy. microsoft is being booing its fortunes in coming months on its new windows 8 software which launches in october. as far as stock is concerned, in frankfurt this morning, it is up 2.3%. you can trust the amount of google's revenue with microsoft, google's second quarte

haliburton's results follow upbeat results by bakers hughes and eaton corps earned $1.15 for the secondabove estimates. revenue fell slightly short of forecasts hit by lag in growth rates and unfavorable currently exchange rates and you can see that stock in the premarket is going to be down. >>> the postal service here in the united states is in a pool of trouble if congress doesn't take action by august 1st. it is required by law to prepay billions in health care benefits to retirees and may not be able to make a more than $5 billion payment that's due. joining us is democratic senator tom carper who coauthored postal reform legislation, the 21st century postal act and thank you for joining us this morning. >> good morning, how are you? >> good. we've been hearing an awful lot about the postal service and trying to get to the bottom of what's really at stake. it's your contention that it's this prepayment of health care retiree costs that is causing the post office so much trouble? >> no, no, that's not an unimportant issue but it's not the main issue. the main issue is the postal ser

#a#a#a#a#a#a'9#a+=#a#a#a#a#a#a +g#a >>> stocks to watch, baker hughes earning $1 for the second quarter above estimates at 77 cents, saw increased drilling activity in its international works. schlumberger five cents above estimates, saw increased business in non-u.s. markets and rebound in deepwater drilling. suntrust earned 50 cents a share, six cents above estimates, higher revenue and credit line lost provisions and xerox matching wall street estimates, cut its full year estimate because of declining sales in shrinking profit margins and we also saw some news from general electric about reorganizing its, did you see this, becky, reorganizing -- >> what's that? >> -- its energy businesses into three standalone businesses. >> i did see this. >> reporting to jeff immelt, power and water, oil and gas and energy management, these results will take effect the beginning of the fourth quarter and john kernicke, who has been on the show lfr, vice chairman and ge inf infrastructure ceo will oversee the transition and the three unit also have new guys returning them and he'll leave the company