blackberry z10 with bbm video. built to keep you moving.t in action at blackberry.com/z10 >>> hi, everyone. welcome back. it's friday. you're watching "worldwide exchange." i'm louisa bojesen. american how will households, they've regained less than half of the wealth that was lost during the recession, according to new data from the st. louis fed. $16 trillion in wealth was lost during the crisis from the sinking stock markets and the downturn in housing prices. but only 45% of those losses have since been recovered. according to the fed, most of the games came from the improvement in the u.s. stock market which predominantly favors wealthy families. >>> asia is minting millionaires. a boston reporting group says that private wemth in asia rose faster than any other region last year. the u.s. is still number one being the wealthiest place in the world. japan is followed by china then the uk and germany. >>> neen while, a trip adviser shows that the world's beg best tippers are the germans followed by the americans. only 39% of british peop

blackberry z10 with bbm video. built to keep you moving. it in action at blackberry.com/z10 a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> hello, everybody. welcome. you're watching "worldwide exchange." i'm louisa bojesen. the swiss government says it will introduce legislation that will allow its banks to disclose information on american clients with hidden accounts. if they do so, they will be safe from further prosecution from activities in the u.s., but they could still face substantial fines. speaking earlier, the ceo told cnbc that this is key to rebuilding switzerland as a prime financial center. >>> frankly, we think we welcome this clarity finally coming on this topic by and large for the rest of industry. but as you know, for julius baer, we've been in dialogue with th

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blackberry z10 with bbm video. built to keep you moving.t in action at blackberry.com/z10 >> we are looking at gold prices with final trades coming in around 14.11, 1412 an ounce. it is significant psychologically. we are looking at this move higher that happened. yes we have gotten weak economic data that may be contributing to it. we're also looking at what happened in terms of open interest and potentially short coming that is really accounting for the upside that we're seeing in the gold price. platinum definitely a big gainer in the session. back to you. >> thanks. we're up 74 points on the trading session. we're holding on to the gains. >> the dow right now up another 76. we had the pending home sales miss. a disappointment. mortgage rates rising significantly in the past four weeks. an individual mover would be express. raises 2014 eps. >> up town for the nasdaq. hi, bertha. >> chips are on fire. the best performing sector at a record high. a lot of it is the halo, i'm calling it. it's got lots of strong orders on smart phones. who i

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blackberry z10 with bbm video. built to keep you moving.t in action at blackberry.com/z10 >> it is street talk time when we deliver happiness faster than dominos deliver a pizza. >> do you read everything on the prompter? >> you just told me to read it. >> look at that go. >> former ceo rival have become the new chairman. this was 24 buck stocks. not a reason to celebrate long term. >> up big on better than expected results. 437 million. >> a $30 stock in 2007. >> and we have got 103 for the set-up. not just sony. >> no. it is also known here as kyocera. it made a deal with the public mobile. it's the highest level for kyocera when it was a $160 stock. look at it go. >> people of japan are turning pale. >> rovio is a very -- it's working to turn angry birds and bad piggies into a media empire. >> in terms of your operation, you announced that you will publish and promote third party games. >> so expanding beyond your iconic games, does this indicate that you are concerned that people might get sick of the characters, of the angry. >> say ag

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blackberry z10 with bbm video. built to keep you moving. action at blackberry.com/z10 >> it is street talk time. this is the i love to shop version. i'm not sure if it's me, you, or american consumers, but let's look at what is happening the lowe's. it looks like people are not shopping there. >> it is down on earnings. they said colder than usual weather. keep that in mind for next one. colder than usual hurt demand for seasonal goods. analysts are positive. up. rpc raised their target from 47 to 45. a couple bucks bullish on a name that is down. >> okay. we are keeping in mind what they were saying about the weather. because it's a completely different argument this time. >> this is what i love about retailers. they can use the weather to their benefit for. >> too hot, too cold, too wet. >> revenues are in line. sales fell. the ceo blamed payroll taxes. but he also said that business was constrained by unseasonably warm weather. now most of it last year to be fair which deferred maintenance on cars. it was too cold and no one bought the s

blackberry z10 with bbm video. built to keep you moving.ion at blackberry.com/z10 it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> from the fast global headquarters of cnbc to my little corner of it here in the corner, it is the corner. who is this kid? founder of tumblr and caught a $1.1 billion deal. without finishing high school. so what is in store for him? more importantly, when's in store for jamie dimon? casting votes over the chairman and ceo role. we're dissect everything. and more hearings this week. we'll talk to a key player on capitol hill, the ranking member of house waying's means. now back to scott and the "halftime" team. >>> kate kelly has some more breaking news here around sac capital. kate, what now? >> scott, never a dull moment on this story. i'm told that earlier this month and as recently as a week ago, officials were expressing confidence th

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blackberry z10 with bbm video. built to keep you moving.com/z10 >>> a return of some calm pot japanese markets, the nikkei moves higher. >>> after a breather and a holiday break, the u.s. markets will test the resolve of the recent rally with key data on housing. >>> and a warning is issued against higher taxes by the ecb christian noyer. the banki achieve saying the country must reign in spending. >>> china is cutting tariffs on watch imports by 60%. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> we'll find out how the u.s. housing recovery is fairing when the u.s. case-shiller housing price index comes out at 9:00 a.m. eastern after housing starts for last month fell. building permits rose to levels not seen since june 2008. joining us now is tonya machio, the ceo of investments. tonya, what is the case-shiller index going to look like today? >> i believe the case-shiller index will be positive numbers again. they've shown positive numbers quite a few months in a row now. we're goi

blackberry z10 with bbm video. built to keep you moving.e it in action at blackberry.com/z10 >> today was one of the most important conference, the annual american society of clinical oncology. we all call it asco. it runs until tuesday. in the spirit of asco. cancer people strut their stuff and present their meaningful trial data. i want to tell you about a new cancer-fighting technique. probably not on your radar screen. if we hadn't been working on this, i wouldn't have heard about it. it's cell dex therapeutics. it's $12 and change, small $1 billion market cap. so, therefore, right in the sweet spot. cell dex has been on a tear. i put that out there, i want you to know, it's not like we are new to this it's on very strong data. you know i never like to chase stocks, never do on "mad money." this name, although it's had a monumental move, i think is one of the rare cases where the stock could have a lot more room to run. the reason? celldex is doing gril brilliant work in the oncology yumplts it's known as cancer immunotherapy. these are

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blackberry z10 with bbm video. built to keep you moving.ith the big utility deal is after the close, i like to say i like bull markets. i'm jim cramer on "mad money," i will see you tomorrow! >>> how's the sequester been? you said many times from this podium it was going to really hurt the economy. yet, you have to acknowledge, because you want to acknowledge, obviously, the economy is doing pretty well. >> all right. that was the big question at today's white house brief. it was exactly right. the economy is doing reasonably well. the spending cuts sequester was just a bunch of scare tactics. in fact, smaller governments actually is helping the economy to grow. first, the briefing was filled with questions about the many scandals continuing to face the white house, including a point blank question about whether attorney generaler rick holder has committed perjury. none of this is going away, folks. and dr. bit

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introducing bbm video with screen share. hey aleigh. hey! carol! update on 171 woodward.....her people see what's on your screen. and these are the material studies. the dog was my suggestion. aleigh. aleigh! it's great. but i'm on vacation for another week, remember? oh, right! i'll call you tomorrow! ok. but don't. carol? the blackberry z10 with screen share. powerful communication on the powerful network. verizon. >>> the old bulls versus the young turks in the senate this week as the tea party republicans took on one of the most senior members of their party on how to proceed on the budget. this time the old bull fought back. >> the senior senator from arizona urged this body to trust the republicans. let me be clear, i don't trust the republicans. and i don't trust the democrats. >> we were not sent here to affirm the way the senate worked. >> we're here to vote. we're not here to block things. maybe the senator from utah ought to learn a little bit more about how business has been done in the congress of the united states. >> uh-oh. more with our panel next. i'm a teach

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blackberry z10 with bbm video. built to keep you moving. did any of you wonder whether you were the only one? >> yeah. >> absolutely. >> absolutely. >> it was a very isolating experience for me. >> diane graham was an executive assistant. for three years, she's been scraping together part-time work, but she's on food stamps, and she had to move in with her sister. >> i was possibly looking at homelessness. so i was terrified. >> our goal, objective of platform to employment, p2e, is to reconnect you to the workforce. >> they're in class four days a week, and the very first thing they learned was to confront their fears and depression. >> for me, it's been just debilitating fear that i won't be able to take care of myself. >> the resume. [paper tears] the resume, very soon, will become an obsolete tool in the job-search process. >> they were introduced to how much has changed since the last time they got a job. >> when they're considering hiring you for a job, they're going to go to the internet and see what comes up. if you have nothing tha

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blackberry z10 with bbm video. built to keep you moving. blackberry.com/z10 [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] next minute i'm in the back of an ambulance having a heart attack. i was in shape, fit. i did not see it coming. i take bayer aspirin. [ male announcer ] so be sure to talk to your doctor before you begin an aspirin regimen. see your doctor and get checked out. a friend under water is something completely different. i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. >>> all night i've been teaching you how to survive rough corrections to a bull market. i've told you about the mis

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blackberry z10 with bbm video. built to keep you moving. it in action at blackberry.com/z10 made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >>> welcome back. the agriculture department just out with some news that could impact wheat exports. hampton pearson with the story. hampton? >> maria, here's the story. the agriculture department says a non-approved strain of a wheat that has been discovered in an oregon field. that's a threat to trade with other countries that have concerned about genetically modified foods. there is no genetically engineered wheat currently approved for u.s. farming. usda officials say the wheat is the same strain as a genetically modified wheat that was legally tested by monsanto a decade ago, but never approved by regulators. the usda is investigating how it ended up in that oregon field, whether there was any criminal wrongdoing, and

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blackberry z10 with bbm video. built to keep you moving.n at blackberry.com/z10 >>> jobs, the consumer and the global economy. best buy ceo brad anderson joins us to discuss a wide range of topics. why he thinks slow and steady will win the race. >> the hunt for value. >> it's rabbit season. >> duck season. >> rabbit season. >> duck season. >> a stock picker who thinks like a private equity firm. we hear about what's working now. >> jack is back. almost a decade since he was banned. find out what he's doing and what he thinks for the fight for clearwire. his first interview in nearly 10 years. the second hour of "squawk box" starts right now. >>> good morning, everybody. welcome back to "squawk box" on cnbc. s&p futures down by eight. of course been looking at the month. still a strong up month for all the major averages. chief executive dell. a letter says the takeover bid at $13.65 a share is the best alternative available. a special meeting to vote on that deal is set for july 18th. >>> boeing has won a $6 billion order for 60 of its 737

blackberry z10 with bbm video. built to keep you moving. lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> i like to say, there is always a bull market somewhere, and i promise to try to find it just for you right here on "mad money." i'm jim cramer. see you next time. >>> it's time for kudlow report reality check. starting with new jersey governor chris christie. he's still taking criticism from some conservatives for appearing again with president obama on the jersey shore today. but does obama need christie more than christie needs obama? and christie can win with a pro growth tax-cutting agenda in a big, blue state. and here's another reality check. the troubles facing president obama are not going away. there are now four separate congressional investigations into the irs scandal alon

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blackberry z10 with bbm video. built to keep you moving. see it in action at blackberry.com/z10 >>> welcome back. in our return on retirement segment today, an asset class those entering their golden years depend on is taking a bit of a hit. goldman sachs making a bold call that the sell-off in bonds is for real and will continue. >> however, ubs' head of rate strong, michael schumacher, disagrees. he's putting out a note this morning telling clients to buy treasuries. also with us, doug sandler from riverfront measure treasury gro our man, rick santelli. why is goldman wrong about the bond sell-off? why are you buying when they're selling? >> number one, we think the market's overreacted to the fed. we thought mr. bernanke's comments were very plansed last week. number two, seasonal factors are very powerful for bonds, running through september, that's a big plus. we think the ten-year treasury yield is 50 odd basis points too high. and lastly, we think positioning is skewed to the short side. >> doug, you were likening bond investments no

blackberry z10 with bbm video. built to keep you moving. see it in action at blackberry.com/z10 vo: ta friend under water is end usomething completely different. i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. join us at projectluna.com >>> all eyes are on the fed, as ben bernanke is set to retire this coming january. or is he? yes, he's not even going to the jackson hole fed conference this year. but one key source told me, he always hated going there anyway. today a reporter created a stir, calling for secretary larry summers to fill bernanke's shoes. maybe. and then, of course, there is the front runner, allegedly, janet yellen. but wait a minute, one source tells me that bernanke may just serve a third term if the president asks him. after all, folks, if it ain't broke, don't fix it. bernanke may have patched up the economy. eve

blackberry z10 with bbm video. built to keep you moving.morgan stanley moving a hedge fund meeting out of china as a result of a new drug-resistant bird flu strain. michelle caruso-cabrera with more on this developing story. >> the hedge fund event was supposed to be held last week in shanghai. we are just learning now, however, that about a month ago, they decided instead to move it to new york next month. that's according to someone familiar with the situation. and they were worried about bad turnout, in case people feared going to china due to an outbreak of bird flu. this new strain of bird flu was first seen in china in april of this year. the world health organization says since then, there have been 130 cases in mainland china, resulting in 36 deaths. although individuals may be particularly frightened right now, because of what happened in china back in 2003, with sars or severe acute respiratory syndrome. back syndrome. back then when sars broke out china was extremely secretive, didn't inform the public, didn't inform world author

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blackberry z10 with bbm video. built to keep you moving.rry.com/z10 some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,000 mutual funds, and not one of them has our name on it. we're in the business of finding the right investments for you. e-trade. less for us. more for you. the fund's prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing. for a current prospectus, visit etrade.com/mutualfunds. >>> welcome to "worldwide exchange." if you're just tuning in, i'm karen cho. these are your headlines from around the world. >>> the oecd trims its call on global growth for this year, despite a rebound in the u.s. and japan. the secretary-general blames a deeply eurozone recession. >>> austerity is not the answer. today brussels will signal a clear change i

blackberry z10 with bbm video. built to keep you moving.e market is giving back tuesday's gains. could this be the end of a love affair with high dividend paying stocks? >>> disruptor series continues. the app brings you the stories you want to read from your favorite news sources and social media feeds. >>> breaking economic data. weekly jobless claims. the government's latest reads on first quarter gdp. 8:30 eastern. the third hour of "squawk box" begins right now. ♪ >>> i'm reading -- i realized -- welcome back to "squawk box" here on cnbc, first in business worldwide. i can't just check the editorial section of the "new york times" for editorials. i need to read the actual articles. >> news flash. >> yeah. there may be some editorial comment in the rest of the paper. i'm reading about they have a lot of problems with this deal. a lot of problems. >> finding new friends, are we? >> yeah. "new york times". thank god they're here. >> a lot of comment between our news coverage here. >> you're reading so many papers you have news paper print

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blackberry z10 with bbm video. built to keep you moving.t in action at blackberry.com/z10 man: how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your family's future? we'll help you get there. >>> welcome back, everybody. the u.s. equity futures are indicated lower this morning. this comes after some big gains yesterday where the dow was up by about 109 points. it looks like it's going to give most of that back at the open, at least if things stand where they are now. dow futures are right now down close to 90 points, s&p futures are off just over 12. >>> we'll continue our "disruptor" series this morning. buying or selling a home involves plenty of paperwork, but to make it easier, our next guest is disrupting that process. bringing it all online, austin alison is founder and ceo of dotloop

bbm channels which is basically a social engagement platform. they were showing videos.. >>> and billionaire hedge fund investor calling for sony. good morning, john. >> good morning, carl. this push to get sony to sell some shares in the entertainment business, not necessarily spin the whole thing, becomes pivot l pivotal. i spoke tw the head earlier this year about the tension japanese firms are facing. in a rare interview he said many of his peers will try to figure out how to transform from manufacturing to more software and service companies. and a big part of that concern. >> -- quite good in japan. especially our corroboration skills is quite good. but the difficulty is the communication skill. especially in english. that's where we have to somehow make it better. >> exactly as he was saying. a big part is getting majority and better input from cultures outside of japan. sony is ahead of a lot of japanese companies on the piece because the entertainment business in the u.s. and the gaming business sony does not want to completely leave them off sochlt a challenge