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likes of barclays down this morning, as well. maybe we don't have that board. but i can tell you barclays is off, as well. >> on a day like this when we're worried about what's happening in the eurozone and the jpmorgan news that you mentioned really gave investors another excuse to stay away from the markets. take a look at some of the charts. japanese banks hit the most. kb financial down more than 1%. and over in us a 2r5i8 i canaus losses as far as financials are concerned. the jpmorgan here in the region has been perceived with a company with very good risk management. so people are asking questions what happened. and this is also needing people to question whether other banks might be facing similar risks, as well. >> barclays down 3%, socgen down 2%. steve has been following the story here in europe for us. a number of questions here remain. it's pretty clear -- he didn't get into details whether b. winding down the position, but losses could get bigger. >> it's impossible for the bank to turn away around and say the loss is crystallized as that if you s

we'll be joined by the man who heads up barclays corporate and investment banking business. >>> heads at jpmorgan over its $2 billion trading loss. three top executives are set to resign. >> italian yields jump ahead of a key auction. >> and yahoo! ceo steps down amid the fewer error over mistakes on his resume and yet another twist added to his shorten you're at the company. not a lot of great news to bring mu terms of the market. dow jones futures pointed down over 100 points. the nasdaq down about 25. the s&p down 13. this of course follows a nasty couple of weeks in the market. weighing on sentiment this morning, everything from bond auctions and spain and italy to concerns over greece and the future of the european union. take a look at how markets are trading more broadly. the global 300 town 0.8%. we started off okay today as you can see, we sort of held in this choppy range. we've sense started to sell off quite briskly as a level below 700. >> this is what we're handed over to the united states from europe. ftse 100 down 1.about 8. ibex down 3%. basic resources are the weaker

oe after a molotov morning near barclay and ccase behhnd theevacant home.one person was taken to johns hopkins hospital but is eepecttd to be okay.the fire is ttll under investigation. an anne arundel county womann is recovering at a pospital... after her electtic wheelchair caught on fire.the fire broke out around 6-30 sunday morning... at "the glen it caught fire. she suffered n - burn injuries.fire officials areestill trying to determine thh cause of the fire. theebaltimmre branch pf the n--ouble-a-c-p will today... where they plan to dissuss same-sex marriage. president obbmm continues to take some heat from church leaderr innbaltimmre....after announcing his support for same-sex marriage.whiie organizaaions like the n-double-a-c-p... say they civil riiht.... some critics say the organizaaion has overstepped its missioo. pastors like the reverend emmett burns innbaltimore county ... say the president's position is bad policy ... politically, socially and educationally. <"i adamantly oopose the presideet's position on gay rights... it is an obominat> obomination!">burns says gayy ar

matt kutcher gets his first win in 38 starts on the pga tour dating back to the barclays in 2010. he wins $1.71 million, the richest prize in golf. >>> heat and pacers, lebron james accepting his third mvp trophy from the commish david determine. 3rd quarter heat are down 5 and call for the alley-oop play. wade to james. this is pretty good. james scored 26 of his game high 32 in the 2nd half. that was easy and that was 1st half. also had 15 points. 2nd half he was just running and throwing. heat beat the pacers in game 1 95-86. >>> ncaa lacrosse playoffs, maryland facing lehigh, the first meeting since 1928. game tied at nine, final seconds, the terps joe cummings behind the night makes his move and scores to the far post. it's the game winner. maryland defeats lehigh 10-9 earning a quarterfinal date next saturday against john thomas. >>> when we return, murphy goes bowling.  >>> welcome back to the washington area nissan dealers sports xtra. >> welcome back. the moment john hennigan saw his mom's bowling trophy he knew he wanted one of his own. stated to b

it all started with barclay pasted romney. we are going to beat you like a jum in november but you are will go down bro. he mosted this response to charles on twitter. articles, you seem like a nice guy, you are clueless. no response from barclay. >> i think he will respond. he has a lot of people arguing this morning. springfield massachusetts a guy with a knife pulls the knife out she takes off running leaving her 4-year-old behind. she says she wanted the attacker to follow her and leave her little girl alone. others say she was only thinking about herself. the little girl did get away the mom was stabbed in the collar bone. she is expected to be okay. the suspect still on the lose. >> yikes. >> look, mom, no hands. google getting a license from nevada's dmv to start protecting these cars. they have a plea of 8 vehicles from systems to stop breaking regulation and steering. the state requires the person to be behind the wheel during these tests. the system allows them to take control by stepping on the breaks or turning the

investigators believe somebody threw a molotov cocktail on this building at the 1100 block of barclay street. >> the investigation continues into the boat crashed on sunday night near the key bridge. several people were sent into the water. everybody was rescued but three people were injured. new details in the police- involved shooting. the victim has been identified as 31-year-old maurice holloman. police say he was acting erratically. at anortedly laununged officer and reach for his weapon. another police officer is recovering after being injured in a collision. the crash happened before 2:00 p.m. on sunday afternoon on a walker avenue. no word on if any charges will be filed. >> a security guard is accused of taking the law into his own hands. police say the guard at the restaurant broke the victim's nose and put him in handcuffs. the guard is charged with false imprisonment. >> world leaders will wrap up the summit in chicago. tara mergener near has how the alliance plans to map out the in game. >> good morning. nato is set to declare the next stage of transition, which includes

of course, all of these protests follow shareholder protests of wells fargo, certainly of barclays in. this is what happened at barclays in the united kingdom. >> what we need is regulation. >> regulation means salvation. >> what we need is regulation. >> i'm concerned about a lot of people, not just the company, of the things that are being run, and the risks that are involved in bankruptcies. but the pay continues to be very high. i'm paying these high salaries. >> rejoined of course by michael hastings and trisha rose. and we'll bring in zach carter senior political commenter for "huffington post." break this down for me. this is the dumbest question ever, but tell me, why do they keep approving these ceo salaries? it's incredible to me. moynahan made $9 million in 2010, $7 million last year. it's down, 92% votes said $7 million again is okay. >> well, there are several factors involved in this. historically shareholder resolutions are incredibly difficult to pass, and the things that the company wants to pass like compensation for top executives tend to pass by wide margins. one o

. ♪ meet cathy, who's lived most everywhere, from zanzibar to barclay square. cathy: why would you do that? patty: what do you mean? cathy: it's so much easier to log onto socialsecurity.gov and file online. patty: what if i need to know how much money i'll be getting? cathy: online. patty: what if our address changes? cathy: online. patty: what if i want medicare too? cathy: online. patty: so, how did you get so darn smart anyway? cathy: online! ♪ when cousins are two of a kind! ♪

barclays selling the blackrock. any way they can sell and get capital raising, they're doing it. thanks so much, bob pisani. >> up next, she speaks. sheryl sandberg making a play, to hem facebook stock. you've got to hear this one. julie boorstin with a live record, warning that higher taxes spell disaster. standford's university ed lazear is taking the hot seat on "closing bell." back in a moment. a moment. for a hot dog cart. my mother said, "well, maybe we ought to buy this hot dog cart and set it up someplace." so my parents went to bank of america. they met with the branch manager and they said, "look, we've got this little hot dog cart, and it's on a really good corner. let's see if we can buy the property." and the branch manager said, "all right, i will take a chance with the two of you." and we've been loyal to bank of america for the last 71 years. if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of

. >> and bank rate.com says top rate is being offered at 1.05% followed by barclay. rounding out top three banks with a rate of.91%. you'll never get rich with a 1% or less return but bank rate.com says these accounts are great for stashing emergency funds. >> talking or texting while behind the wheel may be soon more expensive here in the bay area the bill passing through the senate would up the current fine for you $20 to $30. and after adding on the fees the actual tab for the communications comes in at $199. this new bill also prohibiting bicyclists from texting or using a hand held device while riding. >> and there is a group of teenagers saw what can go wrong when texting and trying to drive at the same time thanks to a special driving simulator. at and t brought a car to sacramento charty high school. teens took turns wearing googles creating a virtual roadway. and then recorded how well they drove. >> how do you think you did? >> i think i did bad. >> so when you text and you crash? >> yes. >> terrible. >> average teens texted about 60 times per day. and ther

barclays also reportedly on the prowl. post reports that the british bank is looking for a mainland partner to help set up an investment bank in the world's number two economy. it says barclays is considering horn a dozen chinese securities firms to team up with. this follows beijing's latest drive to open up the financial services sector to foreign investors. >> and politics still very much in focus. reports suggest hollande is being couraged to uphold the budget pact and we may be having fresh election mis-greece after the shock vote over the weekend that allowed no outright winner. we'll get over to stefane in paris, but first carolyn is in athens. so what are the odds on fresh elections and if we can't agree, how soon would they be? >> well, a lot of it depends on when the leader of the radical left party will back down from his opposition to work with the two major parties, pasok and new democracy. and that's why these two big parties have been piling the pressure on the leader. he has three day it is to form a coalit

we have barclays on one hand saying they are now lowering their forecast for 2012 down about 8% to $1716e. they say their struggles to find physical demand for gold and all the sovereign debt problems in europe. on the other hand goldman sachs is saying, hey, we are still going to keep our call of $1840 for gold this year. even though there's been a flight to the dollar, there's still a lot of weakness ahead in the dollar because of the weak economic growth that we're seeing here in this country and add to that, again, some of the sovereign debt concerns. so two sides of the coin there. the fact remains we are looking though, simon, at the gld holdings, they've been relatively flat. traders say that means new shorts have come in. today we saw a little bit of short covering. we'll see what the next session will bring. >> must be frustrating with the bulls with all the fears we have had from europe, bulls haven't been able to rally. >> no, it hasn't. but the fact it's been trading as a risk asset, that's something barclays points out in their call today saying it's not trading as a safe ha

barclays still seeins a lot of value to be unlocked internationally. that's a stock on our radar.rade by credit suisse. the firm seeing an addition of fulfillment center as a plus for amazon's profit margins. aside from that, the biotech index hitting a new record high this morning. a look at a couple of the companies fueling the index including amylin pharmaceuticals. back to you. >> thank you very much, seema. >>> to chicago once again. rick santelli is back this time to give us an update on the markets. tracking the action at the cme. hi, rick. >> hi, sue. if you look at 1.78 yield on a 10-year as you look at this intraday chart, it really hasn't moved much in the last several hours. the reason why it's not moving much is probably there's not going to be a lot of volatility because there's not going to be really a lot of change in the balance sheets of countries and banks overseas and states domestically. think illinois. think california as being poster children for a lot of what ails the country. if you open it up to a chart that goes all the way back to september 1st, you can

larry cantor of barclays believes it's no big deal for the u.s., why, because they've been raising capitalrements? >> i wouldn't say no big deal. depends on what it means. >> i was quoting you. >> my view is europe has already been in recession. q4 and q1 and early second quarter data look better. i way i look at this, you had a credit crunch in the second half of last year, that is the thing that sent the euro into recession. the rotos alleviated that recession. we have a new worry, an exit by greece. if there was a disorderly exit by greece, that would be a very bad thing that would lead to massive capital flight. even credit markets freezing. that would have a very big impact on the u.s. if you think about it, europe's been in recession now for four, five months at least and the u.s. economy's held up pretty well. that's what i think it is. we're not -- exports are not as big a thing for the united states as some other countries. u.s. is very competitive right now. there's an energy boom going on in the u.s. consumer spending's hanging in, et cetera, et cetera. i think the u.s. is holdi

hans olsen of barclay's. keith, curious. the defensive buckets that hans outlined, what would be your top stock pick? >> i'd go with health care. >> within health care. >> because it has a consumer discretionary, hospice. again, they are boring. people don't like them. you can make the cheap argument, things that are cheap just got a lot cheaper. i've heard a lot of people saying things are cheap. let's buck up and start paying for things that are cheap and the growth sector to buy is the u.s. consumer on down oil. >> all right. coming up next, apple is nearing fair market territory. how should you be trading the stock? stay tuned to find out. ♪ ed to fi. [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> welcome back to "fast." want to take a check on crr surging on better than expected first-quarter results. we do so a pop and cramer will be speaking with their ceo at the

people have been disillusioned for foreign companies last year global giant barclays closed its offices in russia all the moving on the european bank reconstruction and development is selling its stake in the after of us general motors joint venture the lender offered a sixteen point eight stake to the russian and american carmaker which a holding the rest of the stock the stake could be worth up to ninety million dollars and is likely to be evenly split between after vast and g.m. has killed those ore prices and see how they're faring at this hour and they are indeed gauging how the u.s. is now shipping a record amount of gasoline as the message boiled reaches a thirteen year high and even as fueled a mild weekend there's also check out the local mall to see prices we'll see those goals and so will ones as you can see we've got gold rising amounts gaining strength all declining. days but it's still that poison was round nineteen ninety two no i was all because of the concerns around the year as over the new year that the markets now back in about fifteen minutes with another. riot than

not the first disappointment for foreign financial companies in russia last year a global giant barclayslosed its offices in the country and a lot but not least of the oil sector or oil was gaining throughout the day today and that's despite the latest data that shows that u.s. stockpiles are at a twenty two month high apparently all those good news coming out of greece and tensions over iran's nuclear program are enough to drive well higher and that's always the sour i'll be back in about fifteen minutes i'll see them thanks a lot for that natasha good to see you see you later well next hour interview. with the newly elected president of serbia that's just a couple of minutes ahead from no we'll be able to round up of all top stories with rebuild stay with us live here on alt. wealthy british scientists are some expert on the time. markets why not come to find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser report on our. culture is that so much on the train would merely be if you need t

italian land now it's not the first dissolution for foreign companies last year we had the joint barclays they close their offices in russia or so i think it was not other stories european bank for reconstruction and development is i'm selling its stake in after us general motors joint venture another lender of a sixteen point eight state to the russian and american carmakers which are holding the rest of the stock to say could be worth up to ninety billion dollars and it's likely to be evenly split between after vast and g.m. all right they nearly out that is how business success are back about fifty minutes for you right many thanks indeed casey always great to hear from you and coming up in less than ten minutes the latest from the slippery clay court so roland garros in our sports some day but first the headlines. mission free i couldn't take should free transport charges free. range month free. free. to tide free. download free broadcast quality video for your media projects and free media oh god our teeth dot com. sigrid laboratory to mccurry was able to build a new its most sophist

crews responded to the 1100 block of barclay street early on sunday morning after the building caught fire. one person was injured but is expected to be ok. police have no suspects at this time. >> a police officer is recovering this morning. police were called to around 5:30 on saturday evening about a possibly mentally troubled young man. according to police, maurice holloman attacked an officer. another officer shot and killed maurice holloman. the injured officer is expected to recover. another police officer is recovering from injuries. there was an accident 2:00 on sunday afternoon at walker avenue. >> sports fans are counting down the days to this year's belmont stakes where there is a chance for a triple crown winner. i'll have another had another finish over the weekend at the preakness. >> it is bodemeister and i'll have another. there they come. bodemeister -- i'll have another -- triple crown will be on the line. >> i'll have another catches up to bowie meister for the win. -- catches up to bully meister for the win. you can visit our website for a closer look. you could w

not the first disappointment for foreign financial companies in russia last year a global giant barclayslosed its offices in the country and let's now move on to the oil markets definitely an important indicator of the health of the. russian equity market and oil was doing quite well it was gaining value and that's despite the data that show that u.s. stockpiles reached a twenty two month high but apparently all that optimism coming out of greece and the continued tensions over iran's nuclear program or enough to push oil higher and a london is once again attracting. real estate buyers from around the world they see london as a safe haven haven't already driven the prices of top notch residential properties up three percent so for this year the head of research at night frank u.k. says this trend is likely to continue going forward. it's seen as a aaa asset with the london postcode if you like it if it's something that people can invest in them then they know their money will be safe it's secure here it's safe it's politically secure economically fairly slightly separated from the euro z

prosecution you pay a small civil fine so that means a from a financial terrorist like they just basically barclays bank or any bank in the u.k. or doing business in the u.k. like citibank wells fargo j.p. morgan goldman sachs financial terrorist i do a financial crime as long as i tell the regulators ahead of time that i'm financially you know raping people then i can just be associated with a civil fine not a criminal fine as course that's but it built into my cost of doing business it's a line item called financial rape on the bottom line on the balance sheet yeah go for it bags you can do it so you can't destroy more of your fellow countrymen see if you can't put more british people face down in the mud watch you just do. from behind the moon just b.c. you could do it i don't care yeah go harder harder your existence here in this it do it all. so they get to self report their financial crimes but i gotta remember max this is london and not much is actually against the law in terms of financial crimes or very few financial crimes there yeah i mean what's left in london they have removed all of t

west of livermore and i have just spoken to victoria barclay at stockton and they have a west wind out there in the big valley and if the big valley is getting a west wind, that means, it is in place and coastal clouds just tub important across the bored but the trend is to printing these temperatures down and we will continue to do so through thursday and it will clear out and be nicer saturday and warmer sunday and monday. >>> historic records will become available, but the reason they were also lost forever. >>> and report the of miss hundredelled remains at the dover u.s. air force base. . >>> welcome back, we have new information, a top commander, the man has been reprimanded for whistleblowers. they wrongfully tried to fire two subordinates after they reported problems that handle the war's dead. it includes partial remains dumped in a landfill and the deputy was suspended for 20 days without pay. >>> president barack obama was able to cop vince leaders to sign on to his plan for wiping down. they agreed to give afghan forces a leading roll in combat beginning next year with nato

company in germany, we want to make sure they have a competitive field they can compete just like a barclays bank or breach of bank might do as well. it is trying to get the balance as well. >> thank you. you mentioned twice the list of factors that were the way to define the risk mitigation. and related issues that were addressing a specific risk, that it is correlated and does not give rise to significant exposure to begin with. if you think about, for example, a company that has a liquidity role and chooses to do some corporate bonds, than the first easiest thing, if you get worried about the quality of the bonds that have been described as extraordinarily high-quality bonds, you can reduce exposure by selling bonds. that is the first strategy. strategy to, take insurance against the bonds. and then you can kind of imagine the spectrum of positions that are further up field where you choose to do an index. then you choose to do a particular drawn match in the waterfall, and then you decide you need to raise income to pay for insurance, so you so insurance against something else. at that p

barclays saying we continue to have a hard time justifying the multiple.he numbers are out after the bell. the ceo will be live on "fast money." maria? >> thanks so much, jane. >>. >> it's been 13 straight quarters. it's going to be 14 after tonight. no other stock has performed pretty solidly, whole foods up 20%. you do have a hold on this stock right now. you feel it's fully valued. is that the idea? >> it is almost 45 times earnings. whole foods gets the valuation and its valued for perfection. we'd like to buy it on a price dip. >> fundamentally, what's going on? i mean, anecdotally we hear that they benefited from people fleeing from supermarkets because of the pink slime we've heard about people running from. but they've beat expectations all of these times. >> it's emblematic of what is going on. people are waking up to the fact that from time to time there were issues with the conventional food supply in our country. not overall trying to cause a scare but every once in a while something cropped up. and generally what else is going on is more peopl

. >> i was working for barclays and i was a securities trader. >> reporter: did you like it?> no, i didn't like it. it was great money and people were great. i didn't have a sense of fulfillment. i haven't had to wear dress shoes for a few years, which is great. i love being in beer because it's something that makes people happy. >> when's the last time you wore a tie? >> wow. >> reporter: and then there's tom who used to work at lehman and pru deng and wanted to do something more to analyze and he's been turning it around. how hard is it to make good paying beer? >> we have a brew pub, where we have a bar and restaurant and we can produce on a smaller scale to do a lot of that trial and error. >> do your buddies still in the business envy you in. >> yes, they all want to be brewers and i said, i'll swap with you for your bonus. you give me your bonus and then you can come work at the brewery for a year. >> reporter: next hour on "power lunch," the founder of sierra-nevada talks about jobs and in the meantime i'll have some beer-flavored gum me bears. >> no drinking on the jo

newton, chief technical analyst at gray wolf execution partners and mark may who covers the name for barclaysthe stock is about to celebrate its first anniversary as a publicly traded company. it's all higher so far this year. do you like the stock? >> i do like linkedin. taking the stock to get over the former highs and get up to $120. >> this is pretty much the whole life of the stock, missing a few weeks here, but as they said -- >> here's a stock. it started to stall as it got to the former highs but it's alleviated the stock and is positioning it to move north of $120, which is where it traded near the ipo. >> that would be your target price? >> yes. >> mark may, have we seen this kind of rally since december? >> i don't think there's a company that's performed as well as linkedin. we're talking about 100% revenue growth. they have beaten quarters since it went public a year ago. expectations are getting higher and higher and it will be interesting to see if they print after the close today. >> i do think that's correct. technically the stock has been a little range-bound and, if anythin

class action suit against facebook, zuckerberg and banks including morgan stanley goldman sachs, barclayserrill lynch and jp morgan chase. they claim that facebook withheld information from facebook's growth prospects from small investors. given inside information, something that is not supposed to happen in american finances the securities and exchange mission, and the regulatory authority say they're investigating, and the state of massachusetts has sent to morgan stanley, the bank that led the ipo, a subpoena. the bank said the class action suit is without merit. while morgan stanley insists it did nothing wrong and said it simply followed the same procedures for the facebook offering that it follows for all ipos and compliant with all applicable regulations. they told us that before they told anybody else. maybe that's the problem. for more on facebook's current status update i'm happy to be joined by bianca bosker with the "huffington post" and the one and only, mike papantonio president of the trial lawyers association and host of ring of fire radio. bianca heres what i find funny.

you look at the barclays intext, index, not bad. if you look at 680 over but you need to be careful. munis, everybody is nervous about munis. there's only been 11 defaulted issuers and you're going to get a 260 do 250 yield and there's tax benefits. if you're in california, over 10% sales tax. if you're in a 35% federal tax bracket. these really make up the difference and of course some of those tax issues going into year end for whom the bells toll may change. so these are things to pay attention to. >> right during our report the bells are tolling now. >> the s&p and dow futures closed. they closed a quarter past the hour and where the stock exchange closed at the top of the hour. that's one of the reasons that you have to go through the exercise to figure out fair value in the morning. >> thank you for that, rick. in terms of yields for stock, it's really the dividend payers barring any performance. >> it's below 2% on the yield. when you've got the s&p actually yielding more than the ten year, you've got a problem. you've got a

. >> you could focus on citigroup and barclays, the ahead line stories across the board things are notat you made towards the end of your article is shareholders--the good news the liquidity of the capital market is if they don't like the company they sell. no one goes to the effort and using their shareholder power and using it. how do we change that? >> i don't think we can change it. i think it's sad and depressing, but frankly shareholders themselves, they want to sell. they want to make money. whereas ceos control the company. they're going to continue to operate it, and they have the biggest interest to pay themselves that money. until the government gets serious about i am positiving caps or firm limits we're just not going to go anywhere eliot. >> i always looked in my examination of corporate governance and said shareholders shareholders, the mutual funds the pension funds, those who are supposed to have longer time horizon and of necessity participants in the market and even if they're selling ibm they're buying cisco, could we persuade them to use that longer time horizon to

i'll be speaking to the head of deutsche bank and the co-ceo of barclays investment banking. >>> 1.6illion. i'll talk about the latest treatments of cancer and technology and the business of hope, coming up. >>> later on, will the next mark zuckerberg please stand up? i'll have an interview with the next boy wonder billionaire. >>> it's not sean penn from good times from ridgemont high. an airline has planes... and people. and the planes can seem the same so, it comes down to the people. because, bad weather the price of oil those are every airlines reality. and solutions won't come from 500 tons of metal and a paint job. they'll come from people. delta people. who made us one of the biggest airlines in the world. and then decided that wasn't enough. how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a care

joining us is barclays anthony decla mente. anthony, to you first of all. what's made this stock go up by so much? >> the company's got a lot of operational momentum. they've guided towards revenue growth. they've raised guidance for profitability. there's a lot of brands within aol that are working. people think of aol, they think about the old dial-up access business. they think about the worst merger in corporate history. there are some brands like "huffington post" like patch helping drive growth. the company's guided towards revenue growth. one thing they did recently is sold a bunch of patents to microsoft and announced that all of that billion dollars would get returned to shareholders in the form of a buyback. so that's what you see in the price action of the stock. but i would note that even pro forma, that transaction, this is a company that trades at only three times its operating profits. so there's this huge polarization in the internet, these really overly valued names and some names really underrecognized. here's a name that trades 3x and gro

seagate tech taking it on the chin after a downgrade by barclays capital, down around 5%.ch also in the limelight. vertex pharmaceuticals sliding sharply after correcting its cystic fibrosis combo data. investors really upset with that revision. i should say we are off our lows. stock down better than 11%. sue, sending it back to you. >> thank you very much. >>> a check on the bond market now right now. rick santelli's tracking the action for us once again from the cme in chicago. we saw a little move into the bond market earlier this morning. is it holding? >> it's holding. we're going to get to the bonds. it's going to be the last train car on this train. let's start at the forensics. putting everything together. if you look at the euro, everything happened between 11:00 and 12:00 eastern today. you can clearly see how the euro gave up ground. we're all in one giant trade. it begins and ends with europe. as you look at that, you see what everybody's been referring to. how much gold lost very quickly. didn't stop there. look at the s&p 500. how much ground it gave up. now

. >> barclays agrees raising the price to $170.ere's a look at crude, this is the place to look if you want to know what's happening in the oil market. >> let's not talk for one second about speculation and we'll talk about physical oil and what's going on in europe. there's no demand right now for you mean barges. back in february and march, you were pulling n essence, 50 cargoes out of the middle east for europe. that's well above the five-year average. we are well below that right now. brent is really telling the story in terms of softening demand in europe. that's what the focus should be on. >>> coming up on "halftime," is tim cook about to change the way you watch to have tv? wait until you hear what a top analyst says about the stock. >>> and salesforest.com chief mark benioff, hear straight from him on the future of his company. cloud, facebook, is he about to do a deal as well? we'll get to all of it with mr. benioff when we return. ♪ [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we t

he works in finance at barclays. >> steve: mmm. >> jimmy: yeah. hairdo. it's been a big day for matt. take a look at this guy. >> i'm matt peckman. i'm 25, and today i'm getting a perm. having a perm will take me to a new level. i think when i'm talking to outside clients on the phone, it's going to really help letting them know i have a perm. >> hey, my name's rob. i'm matt's brother. just drove down from boston to see what this guy looks like in a few hours. >> in a perfect world, it'd be real cool if i looked like bob ross, that painter dude. >> i went to college with this sexy beast. i think the perm can only take him over the top. >> he's going to be a big beautiful dork with a perm. >> this will be my first and probably last perm. [ cheers and applause ] >> jimmy: can't wait to see what matt is going to look like. now, matt has been sequestered since he got permed. so he hasn't seen himself yet. and his friends and family haven't seen him either. this entire process has been cloaked in secrecy. we've got his brother and two friends right her

expedia, after reporting blowout earnings last week got slapped with a downgrade from barclays capital. the report saying that domestic hotel transaction growth is being driven primarily by deep discounting and that the company's share buyback program might be too aggressive. a look at some of the stocks i'm watching at the nasdaq. >> thanks a million. >>> let's go to chicago. bond pits. we had some fed speak this morning. our steve liesman snagging those two interviews. what's the market doing? how did they react to it? >> in terms of the interviews, they were so fascinating. traders down here aren't necessarily in agreement with accommodation. just think about the door that was left open a crack and how it's affected us with regard to the fed and ben bernanke's comments during that q & a. it figures into my spot right now. look at an intraday chart of 10-year note yields p p they spiked on the ism. chart of the s&p 500. zoomed on the data. look at a chart of the dollar index. it zoomed. people are saying, wow. dollar and stocks going up. it's because of jobs, jobs, jobs. it's because

depot meantime trading lower after first-quarter earnings came in slightly below expectations, but barclays capital retail analyst allen rifkin says today's weakness in the stock is a great buying opportunity. great to have you on the show. how are you? >> nice to be here. how are you? >> what doesn't worry you about the earnings report, then? >> well, what doesn't worry me is that the core fundamentals at home depot continue to be strong and are showing strength year over year. big ticket was up 6.7%. the company's seeing nice balance between ticket and traffic. we continue to raise our estimates over and above what the company is guiding to. so while today's numbers certainly fell short of some people's expectations, net-net, the core business is very strong. >> steve? >> yeah, actually, alan and i used to work together, full disclosure. he put me in the stock a lot lower. i also sold it lower. alan, how much of what's happening with home depot is a market share gain versus lowe's or an improvement in the housing market for secondary, you know, for homes that have already been built? >> s

let's ask jason goldberg, senior equity analyst at barclays. what do you think specifically is behind this wrath that we've seen lately in the banks besides what's going on with jpmorgan? are we starting to look like an attractive buy here? >> sure. bank stocks have come under pressure in the second quarter after a nice run in the first quarter where they rallied 25% more than double the s&p 500. and i think the issues have been, you know, just persistent low interest rates. you know, the 10-year treasury yield got as high as 2.4% during the first quarter and now fell below 1.8% last week. you have kind of europe people felt better during the first quarter post the ltro, now maybe not feeling as good nouz showing direct exposure banks have and implications over there. i think those have weighed on investor psychology and more recently jpmorgan trading losses. >> sure. talking of which, you're quite bullish on both jpmorgan, with a price target of $57 on overweight, even with all these problems and also quite bullish overweight $36 for citi. wha

i-shares, barclays, etf up 0.7% today. john, what are you doing with this? >> it's not really a trade that excites me that much, michelle. i think jeff is right. we could see a push down to that 160 level or so for the ten-year, but with it hovering here in the 180s, 190, does it excite me? not so much. >> okay. bank of america shares are falling today. that's despite the bank's new mortgage reduction program, maybe because of the mortgage reduction program. right, guys? we going to roll through this so i can get to diana? >> i thought you were going to throw right to her. >> now in a mass mailing, b of a is offering underwater borrowers a special deal. does bank of america really want people to ignore those letters? diana joins us live from washington. we are so cynical. we're wondering if bank of america says, they're going to offer principal reduction, but when the envelope comes, they're hoping it looks like junk mail and people are going to throw it out? >> i don't think they want you to ignore this because this is what they have to do to comply with th

barclays capital downgrading the stock today. and analyst anthony diclementie joins us now to explain why. anthony, welcome to the show. great to have you on the "halftime report." >> thanks for having me. >> the stock's obviously had a great run over the last couple months. why has it rallied so much, do you think, and why is it time now to pull the rip cord? >> it's really more short term, since the company reported earnings on thursday, the stock's up more than 30%. so we're just saying that there was a number of one-time tailwinds that hit the company's model in the first quarter. one of those was an easier year-over-year compare on airline packages. another one was tailwinds from foreign exchange, and those go away in the second quarter. the first quarter for expedia is only 10% of the full year. so when you look at kind of this stiff stiffening comp in the q-2, we think it might be time to take profits. >> you think the company's overly optimistic about the growth? i saw a note from a competitor of yours on the street today