back to you. >> thank you, bertha. >>> hurricane isaac is making landfall. follow the impact on the oil and natural gas facilities in the area and what it means for prices at the pump. >>> yelp soaring today, even though ted is the day the lockup expires. we'll discuss whether you should consider this social media stock. we'll be right back. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to sha

we turn to bertha coombs for more. goodç morning. >> good morning. i wish i hadç better news.l, gasoline, natural gas prices are higher as well. that possible impact of the storm already has a lot of production. 85% of offshore oil production could be temporarily shut down, 68% of nat gas output. what is more critical to watch is when isaac makes landfall if it does as a hurricane, possibly on wednesday, forecasters think up to 40% of u.s. refiners alonç the gulf coast could be affected by the potentialç category 2 storm surge. futures are higher, the markets off a week when the dow and s&p 500 snapped their winning streaks at 6, even though both of the indexes hit four-year highs during the week and we did see a nice rally on friday. this morning not too much action, asian and european markets are mixed. we're going to get reports this week on home prices, consumer confidence, and the pace of economic growth better known as gdp. the big focus likely the big speechç on friday, ben bernank expected to speak atç a conference in wyoming in jackson hole, not a bad place to go i

let's go to bertha then for metals close. a little confused there. bertha coombs is standing by.o ahead. >> it is confusing with the data we are seeing and seeing. look at the different pits here at the nymex. over in the oil pit, they're kind of seeing the glass half full. here in the gold pit, they're seeing the glass half-empty. essentially, the data has been good enough that it doesn't warrant mario or anybody else to take any kind of action immediate immediately, in terms of stimulus. that's what gold has been pricing in. that not withstanding, what's very interesting, the action we saw on gold this morning. it went down to $53.93 an ounce after better than expected retail sales numbers. $15.85 is a crucial support level. if we continued going through there, a lot of folks said the trade would be very bearish. we managed to close, although on the down side, above $1600. psychologically, that's kind of bullish to a number of traders. overall, they're saying this market has priced in some sort of stimulus from the ecb or from the fed n. now, they're just waiting for it and wat

bertha coombs is watching that. bertha?virtually all an apple story with apple's break towards yet a new record today. touching $680 near the open. it's market cap now north of $630 billion. that move following the samsung verdict is what is propelling tech today. some of the winners and losers perceived, of course, microsoft with the microsoft phone on nokia phones. likely to get maybe a better shot if we see delay in the phones and also rim getting a little bit of a boost. maybe black buries could, as well. google among the losers. this is the problem. part of this issue of going after samsung is going after android phones. a lot of folks looking at overhang there and maxim integrated with a statement this morning saying that the verdict dealt with older phones. they don't think it impedes its progress with the new samsung phones. nonetheless, the market sees problems ahead there today at least for today and a couple of deals to tell you about. hudson city bank. they were doing a deal. up 15.5% and then iac, it's acquirer

hi, bertha. >> we do have upside and why the nasdaq is marginally better.ion, rim, launching the new version of the tablet. not getting much buzz on that. stock down 3%. and then we've got the legal battles, oracle losing a round in court against hp over the software excludeing the i-tanium chip. meantime, apple requesting an injunction against samsung for releasing evidence that the judge said to be excluded from the trial. meantime, gilead the beneficiary of the bad news on bristol-myers with the problems of the drug in trials. and yelp coming back, regaining more of a losses that it saw yesterday in collateral damage of facebook after the mobile a 3ps better as facebook goes lower. some of the friends like zynga and groupon also plumbing all-time lows post ipo. >> all right. thank you very much, bertha coombs. >>> you don't get a medal for this event but drug testing is capturing so much attention that sponsors are now buying in to it. kelly evans live in london for us. kelly? >> reporter: tyler, hello from london. yes, one of the hot topics over the las

bertha coombs is following the movers for us. hi, bertha. >> hi, sue.have technology among the best performing sectors with more risk appetite and posted better than expected earnings. the company warned earlier this year about the outlook and now maintained the outlook with a brighter outlook. the shares today leading the nasdaq 100 up 12% and big caps overall seeing buying activity. the apple samsung trial in week two and research in motion, maybe an apple/samsung world they did get a shoutout from the fastest man in the world, usain bolt saying the first thing to talk to his friends on the blackberry messenger. a couple to the downside, both with downgrades and among the worst performers today in the nasdaq 100. sue? >> thank you very much, bertha. >>> to the bond market now and rick santelli is tracking the action for us. hi, ricky. >> hi, sue. trying to digest some of the issues of last week, not the least of which was the jobs report. yields down a couple of basis points but still hovering over 150. and if you're a technician and look at a chart t

bertha coombs has the details. >> pech is pushed higher because of cisco today. the stock has been really em battled of late. some executive departures today sending stocks higher. etrade is being replaced by ken griffin. zynga loses the coo that was out of the mix with the shuffle announced last week, and take a look at elizabeth ar den and express scripts, both at all time highs today. >> thank you, bertha. in the meantime, the s&p 500 is trying to eek out the first five-day win streak. >> yes, even though bullish sentiment rose this week, it's only at 36%. so where has this rally have been coming from? we have mike thompson and anthony chen. let's talk earnings, first. give us a sense of what you're seeing in the second quarter period, and do you think the fourth quarter be stronger than people think? >> let's take a look. we're finishing up second quarter. up very modestly, up.82%. hardly anything to brag about. next quarter is not looking so rosy. we're looking for it being down. five of the sectors are looking to be weaker, and the fourth quarter, you know

bertha coombs has more on that. >> yes, off of the lows.che bank say there's is a new start up search engine that is stealing market share. we have drag because of the hp effect today. hp east forecast. we have a dozen -- two dozen, in fact, at about a 20-year high after better than expected earnings. back to you guys. >> spices are hot right now. >> thank you, bertha, the dow seeing this triple digit decline in the stretch, but the latest survey saying bullish sentiment has broken above average and is at a four-month high. >> yes, it seems to be trumping that survey today. we have joe quinlin and bob pisani. do you want to be putting new money to work here or are you waiting it out? >> i'm still worried at europe in particular. the numbers in china are getting softer and softer. here in the united states i feel a little better. >> what are you watching right now? >> i think cyclicals have outperformed. in my view, that is a head fake. europe is clearly in a recession. china is trying to engineer a landing, and i would be careful chasing th

technology in particular, bertha coombs has the details. >> yes, the first shall be last. the technology sector up better than 4%. the nasdaq is lead by big cap names that have gained a lot. it's up, bucking the trend. it's up 19% for the month. cisco is up as well. apple, of course, 9% for the month, and consumer names have been particularly strong. we know that the retail index has been hitting new highs among the best performers for the month, and among those names are costco and starbucks. >> thanks, bertha. if you want to buy an aman kindle fire today, you're out of luck. the company says it sold out of the devices. >> but amazon has a big announcement next week, presumably a new tablet model, so should this make apple concerned right now. alex thinks amazon is pointing a serious challenge to apple, but david says apple is still in the driver's seat. should i be cynical they announce they're sold out of the previous ones and everybody has to wait for the new whatever they announce next week. >> it's a nice marketing trick for amazon going into the kindle refresh. ther

it only traded belowt's ipo price once. >> thank you, bertha.ed announcement earlier today said it will not stimulate any actions, at least not yet. >> one of our next guests says it doesn't mat whaert fed says or does, with us is two guests, great to have you here, gentleman. putting money in the market regardless of what's happening from the federal reserve, why? make the case. >> there's a lot of pretty attractive opportunities out there. we're buying emerging market debt with you know, five year duration that's yielding six or seven percent, and then there is also pretty attractive opportunities. you can buy a global basket that are yielding six or seven percent. >> but you have to be careful what you're buying. >> absolutely. >> you're strategicly looking for areas distorted by what's going on. >> absolutely because of what the fed has done and the fear and panic in the markets and people are scared right now and there are a lot of attractive opportunities. >> did anybody expect the fed to do anything today? >> i think they did. they said i

bertha, thank you so much. >>> to the action here. bob pisani joins me. said it's a melt-up. >> we're not going to complain about the volume. everybody is and nobody does anything. pretty simple. we have the euro rally. weaker dollar. that's helping material stocks, industrials, all those risk-on trades we like to talk about here. there it is. techs, materials, industrials and energy. what else do you want? europe is calmer w. this melt-upper with talking about, four-year high on the s&p 500 which is what matters is 1,419. away from a new high. the closing high. i think 1422 the intraday and the same thing with the dow industrials. i think 100 points away from a four-year high in the dow industrials on a closing level. a lot of other groups are lagging here. the small caps and the mid caps lagging, as well. we are a few percentage points away from new highs on the russell 200 and more importantly, perhaps, transports, a considerable lag ward. we're 4% or 5% from the new high on the transports. that's a significant gap. 0% on a new high and dow industrials

bertha? have oil prices steady this morning, coming off the highs overnight, but traders are calling this a technical rally with oil yesterday pushing a bit higher on the nymex after that inventory report. the inventory strength really on gasoline was strong demand, a strong drawdown. steve short said after that huge move, no surprise we are seeing a bit of profit-taking here this morning. the interesting thing, bob talked about that gold council record, gold holding above 1600 an ounce. the big move today relatively, though, is copper because of those comments coming from the chinese premier signaling that perhaps they're ready to open this a bit more when it comes to some kind of easing, policy move. back to you, david. >> thank you very much, bertha. there's been another exchange, if you will, of corresponds between best buy's largest shareholders, richard shultz, the founder who wants to buy the company and the company itself, that having taken place this morning in a couple letters, a lo

let's get the final trades with our friend bertha coombs. >> hey, mandy.losing near the highs of the session here at the dollar has eased off of a little bit this afternoon. we have seen a move up in oil with brent up here at $116 a barrel. wti getting a boost from a larger than expected draw on the eia at over 3 million barrels there. just about. and we also have a substantial draw with gasoline. the outperformer of the day as the prices continue to climb at the pump. >> thank you very much, bertha coombs. >>> we are covering the drought of 2012 here on cnbc. and across all of the networks on nbc. and today, the agriculture department designated 172 more counties in 15 states drought disaster areas so now with most of the country suffering under these hot and dry conditions, we're looking at the ripple effect for investors and consumers and you. first of all, jd penn in illinois from deere and bringing us facts and figures of how bad the drought is and the immaterial pact on the economy and david, a former corn trader. i want to start with you, jb. i know

thanks, bertha. >>> more reports after the bell and nordstrom now traded down half a percent at 55.22up about 12% year to date. courtney's back with a look ahead at their numbers and people watching for this for the upper end retail trade. >> nordstrom's results dissected for the pulse of the luxury consumer. more than just analysts. did preannounce the second quarter revenue for stores open at least a year. held by strength and the nordstrom rack discount stores but pressured by the company's biggest sale of the year. it's happening right now. wall street expecting 75 cents per share on revenue of just over $3 billion. investors will be listening to management's assessment of tourist spending. nordstrom is a big more insulated their others without a location in new york city. service has long been one of the competitive advantages but analysts want the know how they're innovating service. noble and online service is continuing to grow with the consumer base. tyler? >> love nordstrom. thank you very much. >>> the commodities future trading commission holding a discussion today on ways

en menos de una semana 80 personas fueron asesinadas, aunque la marina captur a "la bertha", as le dicen quien dijo ser sicario del crtel jalisco nueva generacin... a l le encontraron documentos de una periodsita asesinada... y es que parece que nadie puede detener la violencia... cesar ---el vaticano determino enviar a juicio a paolo gabriele, mayordomo papal, y anuncio la identificacion de un complice en el caso llamado vatileaks, take vo el escandalo de filtracion a la prensa de documentos confidenciales del papa benedicto 16... ---ademas se revelo que durante los registros a la habitacion de gabriele, se encontraron no solo documentos sustraidos del apartamento papal, sino tambien un cheque de 100 mil euros a favor del sumo pontficie... top vo blanca ---el ex presidente y lider revolucionari o cubano, fidel castro celebro hoy sus 86 aÑos con una fiesta privada. ---castro quien lleva meses sin aparecer en publico y algunas semanas sin publicar sus columnas de opinion no asistio a los diversos actos culturales que prepararon en su honor. ---en la plaza de "la revolucion" en la habana s

bertha coombs is tracking the action at the nymex for us today. hi, bertha. >> hi, sue. in south africa the impetus of the move in platin platinum. it's driven palladium prices higher, as well. they're both coming out of mines there. and they're used for catalytic converters in cars. also hydrocrackers at refineries. platinum up 5% in the 7 days of violence in south africa. rbc says while some analysts say there's a lot in storage in terms of platinum, we don't know how long the strike lasts. earlier this year it lasted six weeks. gold prices today down a little bit as the dollar is a touch stronger. euro coming off after that angela merkle surge earlier today. last week, the close of gold $1,617.15. just shy of that. back to you. >> thank you. jackie deangelis now with a market flash. >> i'm keeping an eye on mckeszon. it's a biggest decliner on the s&p 500, as a matter of fact. down 2.73%. morgan stanley downgrading it saying that upside in the stock is limited and ms pulling the price target on the stock, as well. they're expecting flattish earnings before taxes next

the company actually raising its outlook after having warned last quarter. >> thanks, bertha. >> barringast-minimum meltdown and my phone ringing again, looks like the blue chips are finally on track to snap their monday blues. take a look at where the dow sits. right now we are plus 64 on the dow jones industrial average. end up closing higher index will break a nine-week monday losing streak. >> divine capital, danny hughes, impressed with the market. also joined by brian. good to have you on the program. thank you for joining us. danny, what do you like about this rally? do you think this is sustainable? >> i think it is extremely row silliant. despite the fact of europe coming out with bad news, we have actually gone from a quite panicky statement in europe to some kind of acceptance. we could see an upside going into september. and the banks rebounded very nicely in europe which is another big sign of confidence. we think that we are going to see more of that to come. >> is that the difference we finally believe what we are hearing out of europe? >> yeah. i think the believability p

hi, bertha. >> it has to. that's part of the reason seeing within the s&p tech sector is the strongest performer. we are seeing folks pile back in to apple now up about 5% for the week. google, intel. they're all stronger. for the first time this week, first time in seven sessions, facebook actually getting a big bounce back. getting a leg up from linkedin's better than expected numbers and groupon and zynga doing better. worst is activision. despite the fact that the earnings look pretty good and boosted the outlook, concern of dropping numbers with the world of warfare subscriptions. tyler, are you among those that subscribe? >> i am not. i wouldn't know a joystick from a fork but i know a fork. thanks very much. scott wapner the best chef i know by the way is also host of "fast money halftime report." it's been a crazy week. >> it has. >> what's your sense of what the traders are saying? >> what a difference a day makes. yesterday all talk, no action in the aftermath 0of the ecb meeting. now the traders and

back to you. >> bertha, thank you.e will look at whether apple should go after like a google and which makes some of the software for like the android that will be next hour here. meantime, investors have been on vacation for the most part. corporations busy making deals and acquisitions, markets have a case of merger monday. today big time. >> it is often seen as an encouraging sign. should we look at it today . guys good to see you. historically when you see a lot of companies doing merger deals, it is because they have confidence in the economy and confidence in a deal will help them grow so when you see all of these announcements that happen on the monday morning, are you encouraged about the market as a result? >> well, i think certainly have you to be encouraged about the outlook and the fact that businesses are willing to put some money behind acquisitions. on the other hand, i think that a lot of times acquisitions can roll up capacity within an industry and be for cost cutting and other sorts of things that ar

not bad timing for tesoro to buy. >> thanks very much, bertha coombs.a look at ingersoll rand. we've talked about a lack of merger and acquisition activity in this market. one area i continue to hear a lot about is shareholder activism. it doesn't show up that often any longer in big proxy fights where everybody has to spent a lot of money and a lot of time. but it doesn't often show itself in the appointment of a board member here, an appointment of a board member there. and things of that nature. and nelson peltz is one of the more active activists out there. it's nice to get to the level where you feel like you bring enough influence to a situation that the board is going to listen, the ceo is going to listen and you can eventually at least get something that you want. in this case, what they wanted was a board seat. they got it although they didn't get it originally back in may because they had actually to agree to a standstill. now they have. ingersoll rand shares down a little bit. they have about a 7% stake there, about 21 million shares. they tu

. >> the nasdaq is in jeopardy at this hour, bertha coombs has more. >> we have the parent company ofck steakhouse and bone fish grill are having a nice debut today, a week from today watch facebook, the stock is due to see the ipo lock up exploration. a day after that apple will pay it's dividend and it's the last day you can get a shareholder record to qualify for the 265 a share. >> thank you so much. >> speaking of dividends, more and more companies are giving money back to shareholders. 402 companies are paying a dividend and that's the most science 1999. of those 226 have raised dividends, and for the dollar amount, they're expecting $275 billion in payouts for 2012. >> is that's what's happening this market? we have maryann bartels, thank you for joining us. does this trend continue, rich? >> i think so, corporations are generating a lot of cash and they're under investing. so the question is what do they do with the cash. they're not in amendment a mode right now so they're paying out dividends. >> are you worried about tax policy changing? >> you know me like a book. >> it wi

we will send it back to bertha. >> up a bit after reporting better than expected earnings.till posting a loss of 23 cents, but that was a penny better than the expectations. the company says it has 2.7 subs and its churn rate actually fell during the quarter to just over 1.5%. people are watching tv. through the box. so that's something they are very excited about. they have a patent trial coming up in october against verizon. they are also pursuing cases against motorola, cisco and more. >> up next we are going to get to the bottom of the action. stay tuned to get the trades. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work gett

romney stirs bertha controversy. new york times on page, i don't know what has happened.lity and has a sense of humor. birth certificate step by romney creates a stir. they had to get the start. but at least a knowledge it is a joke. though "washington post" headline, you will be proud. they say, romney's joke, romney's birth certificate joke stirs controversy. it is a joke. many in that lane stream and -- lame stream of mainstream media don't have the sense of humor. it appears that some do. that, i don't know, that brings about a sense of hope. we are halfway there. that is just a matter of change. joining me now, the "a-team." [laughter] good to have you with this. let's start with romney on the campaign trail tachyon energy, the economy, he is even having a little fun. what is going on? >> the liberal mainstream media would rather talk about anything except for obama's failed policies. romney is talking about the issues, and that is with the american people want to year, but they would rather talk about partial birth, abortion, or even the broader issue to taken out o

bertha coombs has the details on that. >> yes, facebook a winner today, the stock set to close up for the first time in seven sessions, and nasdaq today in a regulatory filing says it's still feeling the fallout from the may 18th debut. the company says itself expensions will exceed $62 million in settlements to pay back firms in that glitchy ipo. in the meantime look at apple, part of the reason that tech is stronger and stronger here for the week. the apple samsung trial continues, and apple may have to hand over data on customer surveys. john forbes said in court one of the things they look for is lust factor. follow john ford on twitter to get realtime updates. >>> thank you, it is huge market day, 222 points higher for the dow jones on the heels of the better than expected jobs report we got this morning. is this sustainable into next week? we want to look if more big moves are on the horizon for next week and beyond. we're zeroing in on the s&p spider intest. we have the managing partner of belle point alternatives and joshua browne, vice president at fusion analytics. thank you

bertha coombs has the details. >> yeah, the api last night said they had seen a build in terms of stockst draw down 3.7 million sents brent and crude to three month highing and they closed on the highs of the session and gasoline moving higher as well here to three month highs with that gasoline draw down bigger than expected with a number of refinery glitches and that fire in california. ethanol also saw a draw down of about 1% last week with ethanol production having risen for the third straight week, producers, even though they're being squeezed with corn pricing so high, they're getting an off set because the feed byprukt they're getting back on that. >> time now for our network wide special look for the drought of 2012. it may be raising pricing on everything from bred to meat and hurting consumers, but it's also creating opportunity in other parts right now. jane wells has a look from iowa and formers how they're betting on the drought tolerant seeds that will help. >> good afternoon, here in owen county kentucky, we're at american water facilities where the brought has been an opp

bertha coombs has that story. >> with that move up in the market we have six of the ten. the safe haven plays earlier this summer continue to be the laggard today. telecoms seven out of eight days, and they're higher today. utilities are down seven of eight. telecoms down now for their longest losing streak in over a year, and the wireless carriers are under pressure after t-mobile introduced a unlimited data service. and you see they're both suffering. the housing sector is adding. existing home sales came up short, but the home builders index today is at a four-year high after toll brothers reported the highest sales since the recession. toll brothers at a new high today. health care today in reits, acquiring sunrise senior living for a 60% premium. they're making a bet that seniors will ultimately want to move into assisted living facilities, you see they're up. >>> let's go now to courtney reagan. >> thank you, take a look at shares of green dot. a smaller market cap company. $377 million in market cap, but shares are trading higher because it struck a deal with sally

meanwhile, a couple blocks from here, the price of oil moving higher, bertha coombs where it's quiteras the details. >> yeah, i thought her hair looked perfect as she was perfect in the all around. snapping a three session losing street. for oil traders, this was goldilocks data. it was not enough to put out the flame for stimulus coming. take a look at grains, we saw easing coming. that rain has profit taking when it comes to corn and soy beans, and waet getting hit harder as they hit a second round, the second time within a week, back to you. >> the drought is being felt everywhere, not just on the farm. consumers may want to prepare for sticker shock. we're talking prices from wheaties, chocolate milk, and steak as they will try to push costs on to the shopper. >> yes. we have the co-ceo of whole foods, and walter, you call this period humbling, describe how difficult it has been. you're quality with higher prices and lower consumer demand, right? >> not the last couple years, we've been doing pretty well, the period i was referring to was 2008 and 2009. we have been performing ext

bertha coombs is live at the nymex. good morning. >> good morning. pressure here on brent prices. beginning with the october contract, the concern has been that in september in the north sea, you'll have a lot of shut-in production. we saw that september contract rise above $116. ray carbone joins me. people are talking about this report that the white house may be ready to, quote, dust off plans for an spr release. it seems to be having an impact. >> i think that's what it's intended to do. dust them off, talk about it. but it's probably premature. we're still in the midst of the driving season. we still don't know if israel and iran attack, to expend the bullets that are necessary when it's truly an economic emergency and not just uncomfortable pricing of gasoline, which we have around the country now, over $4, causing some concern, but still premature. >> in terms of the strategy of it that reuters reports citing unnamed sources said that they're concerns that prices could balloon in september with the shortages and the fact that these iran sancti

bertha coombs with more of that. >> it's really an apple story today.ning up in the early morning near 675 a chair and it has been trading lower every sense. it's been a rally attempt there year. we'll see what happens. an analyst at oracle thinks this is overdone. it's weakness is weighing on some of the others holding up like cisco and san disk. and urban outfitters zooming after better than expected results. we're looking for 34 cents on the bottom line from the pc maker. >> forget the pop, yesterday the stock brelow the $70 a share mark. peter teel sold most of his stock last night totaling some $400 million. it wasn't long ago that some were comparing mark zuckerberg with steve jobs. do they show those comparisons were dead wrong? >> we have ben par who says give zuckerberg a break. but our other guest says he will never be close to what jobs was. do we blame him for the fiasco of the price level? >> no, i blame zuckerberg's advisors. he needs help. normally when you have a venture funded company between the last round of financing and the ipo, you

m bertha coombs joins me, we never get to eat and kenny brings me lob ser primovera. >> cisco, up 3%n a month month high. amazon moving higher on the social gaming front. not hurting zynga but facebook av being up three days in a row, pulling back. and the chip investors saying it looks more attractive. valuations are pretty good. the russell 2000 index, on the outside, like broad soft, a lot of shorts getting surprise there on a deal to get some funding for its tv testing from the bill and melinda gates foundation and wireless is suffering after disappointing earnings. >> steve liesman has done it again, scored an exclusive with another bank president. this time, eric rosenberg in boston. steve is in boston and seems like the is all in on more fed action. >> he wants open kwquantitative easing comparable to the qe-1 and qe-2. after we got done with the live portion of the interview, i sat down and we taped a little bit more. i want to bring you this now for the first time. eric rosen gren, talking about what he would tdo to target mor qes. >> i want to focus on are the labor markets

bertha coombs is trackg the action frl us at the nymex. hi. >> reporter: hi, sue. one month over a last month, it is higher over the last month or so but seems to be stalling out here and today falling prey to just disappointed expectations overall. a lot of people went in to the weekend hoping that we might get something out of china. jim cramer this morning saying he was looking for headlines out of china to take some more stimulative moves. without that, and without any imminent action despite the exhortations of dr. drmr. dragh there's no expectation of an inflationary prosecution here notwithstanding brent crude and seeing a very range-bound kind of a day. gold a bit to the downside across all different kinds of currencies including here at the nymex in dollar terms. and some folks like the analyst over at bank of america, merrill lynch, saying that they think it's kind of a bearish sign for gold here, technically. if it can't break out above $ 6 $1,628 they see downside hesitation and platinum you might think is higher, precious metal used for converters, tha

robinson, a london-based legal advisor for julian assange, and director of legal advocacy at the berthaoundation. we welcome you to "democracy now!" jennifer, the significance of the ecuadorian government granting political silencasylumo julian assange and now what britain is threatening? >> this is a hugely important decision by ecuador and when we both got them and respect -- and one we both block of and respect. it is an important recognition of the persecution that julian faces, in particular, concerns revlon had about his risk of extradition to the u.s. and prosecution associated with these activities that do with wikileaks. the latest announcement by the british government in relation to this [unintelligible] significant concerns about diplomatic asylum. experts have been sent in the past 24 hours it would be illegal to enter an embassy under international law the british government cannot interpret if they decide to withdraw the status, i think this would be significant problems around the world. >> what about the 1987 law that the british government is claiming would be -- they

cnbc's bertha coombs has that part of the story. >> futures are a touch higher right now. we're going to get reports on home prices, consumer confidence, and gdp. big focus at the end of the week will be ben bernanke's speech. he will speak at a conference in wyoming on friday. investors will be watching to see what he has to say with the situation, whether there will be any more easing from the fed. meantime, hertz has sealed a deal to buy dollar thrifty for 2 attorney $3 billion ending the long-running pursuit of smaller rival. hertz is the number two u.s. car rental company. dollar thrifty is number four. and that storm, hurricane isaac, is likely to become a hurricane as soon as wednesday. already causing oil prices to move higher as rigs are shut down in the gulf. but the thing that's going to impact us most is the fact that refineries are likely be shutting down, as well. and you've got a refinery fire in venezuela where we get some of our gasoline. guys, brace for higher prices at the pump come labor day. back to you. >> summer vacation season is over. that's the go

bert bert bertha coomb the latest. >> it does account for much of the drag hitting $600 a share aftert opened. the down grade coming after the open from oracle investments saying, listen, you look at that stock chart intraday, they are saying you have gotten to that point they're the biggest market cap ever. look what happened to microsoft after that and cisco after that. a little bit of curse there. urban outfitters is helping lift the nasdaq shares, shares zooming on the back of stronger than expect ed second quarter report and stronger margins. wet seal will report this afternoon, one of the only retailers not moving to the upside. and dell after the close, the question what pc cells are doing. certainly didn't help best buy didn't have good sales. >> thank you very much. >>> let's hit mary thompson with a market flash. >> dunkin brands down on news of a lawsuit by former owners and alleged they steered them in locations in poorer neighborhoods saying better locations were available even as they awarded those locations to white franchise owners. stock down 3.6%, still coming off th

. >>> time for a cnbc market flash with bertha coombs. >> hi. we're watching the worst performer in the s&p today. deutche bank cutting the stock from a hold. slowdown on orders kla is on the end of shipment. you can see the stock just recently hit a new 52 week high and it is up nearly 12% in the last three months. simo simon. >> thanks. up next on "power lunch," this hasn't happened in the least two years. a new bullish read on the health of real estate in america. >>> as you head out, a look at some of today's most active stocks and how they're trading. >>> follow us on twit ter twitter @powerlunch. get breaking news. finds out what's coming up and everything you need to know. @powerlunch on twitter. of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. ♪ i can do anyt

bertha coombs is following the big movers there. >> we're seeing a little bit of a pullback.helping hardware and rim still among the best performers in that sector after an analyst says maybe samsung is a white knight and buy the company and company confirming as it did on the conference call yesterday it is not in the market to buy the voice transportation service. express scrips bouncing up 8.5% after better than expected earnings and raised the outlook saying the integration going faster than expected. priceline, the big loser. european hotel bookings down sharply. that is hurting priceline but not just priceline. orbitz saying similar things and the online travel stocks leaving today. sue, lobster rolls here. >> excellent. excellent. you know, you get all the good stuff over there on the nymex some days. thanks very much. >>> we have weak economic data. uncertainty in washington. knight trading glitch keeping investors on the sideline. what might restore confidence? joining us is don drapkin. very drugged in gentleman. good to see you again. >> good to see you. >> i'm goo

now bertha coombs. >> we have got a chinese firm, the worst performer in the nasdaq 100 today.etting a downgrade from mid-morning of deutsche banc saying a new search engine taking market share already. travel stocks are doing higher. kayak notwithstanding a pullback oz a mixed report with the first publicly traded sales report. the bottom line mixed. meantime, storage and peripherals the weak spot. prices keep falling and obviously spillover effect of hp. back over to you. >> thank you very much. >>> we're also keeping a very close eye on the agricultural commodities and the price of orange juice. o.j. futures right now are traded down by 2%. that's because people took profits after a 6% jump to the upside yesterday thanks to tropical storm isaac. national hurricane center says isaac is strengthening an brian norcross is here with the latest on the storm, a storm to impact the republican national convention, brian. >> it's a close call, sue. take a look at where we are right now with a weak tropical storm down in the caribbean. here you see a 40-mile-a-hour tropical storm and

thank you, bertha. >>> in today's yahoo! finance poll we asked if you think you 'll work past 65. are the multis. majority of people believe or the greater section believe they will be able to retire, 35% say they'll have to work longer. of course, whether you answer yes to that question did he understand what you have done for a living. construction workers physically have to retire earlier than anchors to go on and on. >>> let's see what's coming up. >> speak for yourself! we have the beige book out right at the top of the hour and see what the fed thinks about the economy ahead of big ben's friday speech in wyoming. will it signal more easy money to come? >>> then, all over the flooding along the gulf as isaac stalls out and dumps buckets on the region. >>> we have the author of the new new deal making the case that all the obama stimulus will work. but not in the way it was sold to the american people. really interesting report. got to watch "street signs" 2:00 to 3:00 p.m. eastern. back to you. >> we'll be there. thank you. >>> it is paul ryan's turn in the spotlight acceptin

it is convoluted and just like bertha was saying, people getting in gold anticipating central bank measures. this is the widest disparity since the price of gold and the miners in a long time. if you don't like it here you can get in to gds. that's the etf but i think they're going up. >> you disagree with that downgrade. mcdonald's removed from the u.s. focus list of credit suisse we outperform saying they're too big to escape macro pressures. shares basically flat over one year after five-year run that anybody would like to have had. >> i concur. i have to agree here. not loving it. seriously. there's too many headwinds for food prices. rolling in to the drought coverage here all day. hurting mcdonald's. >> all right. there you got it. jeff, thanks very much. let's go to brian shact man for a market flash. >> this is mcf, interestingly enough, the same chairman and ceo since they formed in 1999. he's taking a medical leave to deal with a very serious health issue and that -- you see what happens when medical leave of a key ceo for this company, of course, down 8%. back to you. >>> thank y

bertha coombs is there. >> hi, sue.arent company of nbc universal and cnbc, comcast today best performer with the big caps after better than expected earnings. company saying it's breaking even on the olympics. meantime, seeing relative strength while tech overall is an underperformer today. rubicon the biggest mover. software, though, systems software real losers. bmc disappointing, lowering the outlook, blaming the sales softness on the sales staff, actually. digital river getting distorted in the cloud area and lowered its outlook, as well. we have seen facebook today plumbing new lows. having an impact on zynga and groupon and down here yelp. among the social media stocks today. that is surviving that downward trend. tyler? >> thank you very much. much more on the big probable at the new york stock exchange today involving knight trading and that's after a short break. tech glitch causing mass confusion. art cashin walking us through it next and shareholders, of course, paying the price there. at least if you own kn

bertha, how's it looking? >> lower here.e bit more than the other indexes in terms of nasdaq and also because big tech has had a pretty good run this month up 4% for the month. best performing sector and nasdaq 100 benefited with apple, google and microsoft adding to the big imact and pulling back today along with amazon. very interesting story with amazon. gives us kind of a cryptic headline saying they have sold out of their kindle fire. they don't give us an exact number and saying millions and 22% of the tablet market. the interesting thing is form factor, 7 inch. price under $200. same as the nexus 7 and apple reportedly set to set a mini and may be a big reason why, that price point awfully attractive. amazon off an all-time high here. sears slumping as s&p will move from the s&p 500 because of the fact that less than 50% of the float is out there. meantime, costco and urban outfitters setting a new high so it's a mixed bag coming to retail with retailers beating on same store sales. >> indeed. thank you very much. >>>

. >> let's check in with bertha coombs. >> hey, wti weaker this morning.ectation about an hour when we get the eia number is for a draw down between 1 to 2 billion. there was a 2 million barrel draw. we're watching gold flat today as well. both increased their bets on the gld, sorros dutching some of the high nors even as others liquidated their positions in that etf completely. >> thanks very much. we have been talking about this, and these filings are don't, don't read too much into them, but they're six weeks old and we know hedge funds can move very quickly. it gives an interesting read of the thought process of some of the managers we like to follow. interesting how many of those managers seem to own the same stocks, and is that begs the question how will they differentiate their performance. another name that has come to the floor over the last day in terms of reporting is is paulson and company. it's down to 21 billion after two years of poor performance. and that continues this year, and mr. paulson moved more aggress e greszively into gold and the

we had bertha talk about it earlier.the company replacing the ceo and an analyst at j and p securities means it could be the company readying the firm for sale. his bet on who could be an acquirer td american trade is the rival trade. let's check on shares in td ameritrade higher. also benefitting today is the strength we see in home builders. there was an upgrade to this group or most of them group, i should say, earlier today, from jpmorgan. the home building index at a four-year high today. this is boozer and cady hoems. it was downgraded on an evaluation basis. these stocks should benefit from higher rent prices to make home affordable -- buying a home more attractive as well as household information. two trends to benefit home buil builders at this time. we have staples that are one of the better performing sectors yesterday. dean foods yesterday rallying on the news it's spinning off the organic unit. today it gives back gains. moody's putting it on review for a possible downgrade on concerns about how that organic