bertha, always appreciate you keeping your eye on it for us. we'll check back with you later on. >>> right now i'll check in with meteorologist christina loren who has a look at our warming forecast. >> it's going to be quite a contrast from yesterday. >> a smoker. >> a smoker. we'll cut off the humidity by about half. that's the good news. good morning to you. temperatures this morning, upper 50s, mid 60s, not too bad out there. don't need a jacket. this is the time of year our days are so long. we're starting out so mild. you don't need the jacket to start the day. we'll let you know if that changes. this is the time of year we're get together the transitional period just before it starts to get really hot. we'll see a really hot stretch of weather starting today. this morning that mild start is part of the reason why. also we have really no wind to cool us off. it's kind of stagnant out here today. you can open up the windows in your home. we have good air quality thanks to the showers that roll through early this week. a beautiful day to hi

bertha coombs, thank you very much. 5:18 right now. you'll recall warren buffett once pointed out he pays a lower tax rate than his own secretary, due to something called carried interest. it affects a lot of people in silicon valley. it keeps a lot of people rich. what is it, and can it be explained on tv? this weekend on "press here," myself and two of the world's best financial reporters will use a children's lemonade stand to try to explain carried interest and how it affects you. the big question is can it be done? this is the most exciting television since the guy crossed the grand canyon. i would go to bed early saturday, get up early sunday so you can watch our look at taxes. i think you'll like it a lot. >> forget about that. the little boy selling it, he had a big bowl of change there. >> we had several cars stop by. adults are so sweet. we had to explain, no, we're filming a thing about economics and we're not going to sell you. >> where is the businessman in you? supply and demand. we'll look forward to that as we always do

thank you, bertha. >>> emery fill's pixar winning at the box office. this is pixar's 14th move view. previous movie "brave" didn't do well, "cars 2" got a 39% of rotten tomatoes. you have to go all the way back to 2009, "up," one of the best picxar movies made, one of two animated movies nominated? >> i haven't seen it. >> it's worth seeing. >> it's on my bucket list. scott, thanks so much. >>> 5:16. stargazers all over the world got a look at the biggest and brightest full moon of the year. this is what it looked like over jerusalem's old city. this is what it liked like over san francisco. it occurs when the moon passes closer to the earth than usual, making it appear 14% larger than normal. you may check it out tonight, no longer full, but still super. the next one won't come around again until next summer. >> beautiful stuff. we all can't be superheroes but we all can enjoy super moon. 5:16. christina loren is back. you warned us to be ready and get a good spot to watch it. >> check out our fate book page or check out my facebook page where i'm alw

bertha coombs is live at cnbc headquarters. good morning, bertha. >> reporter: good morning, marla. founders never go away quietly. the futures this morning, though, are pointing higher. looks like we'll get a bit of a bounce back after stocks fell on monday on continuing concern that the fed pulling back from its bond-buying program and worries about china's economy slowing an issues with the banking system there. china's central bank this morning making comments to try to calm investors saying that things are all right. here in the u.s. we'll get data on demand for durable goods, home prices, new home sales and consumer confidence later this morning. the dow dropping 140 points monday to close at 14,660, the nasdaq plunging 36 to 3,321. >>> that's right, men's warehouse founder george zimmer barely out the door, but could already be plotting his come back. he was ousted last week and officially resigned on monday is reportedly exploring his options. those could include teaming up with a spry vat equity firm on a possible buyout bid. >>> the biggest comeback ever for a ceo that was

bertha coombs joins us live from cnbc headquarters. good morning, bertha. rrp it's that weird wall street thing that happens. we have the futures pointing higher this morning. on wednesday we had stocks leaping higher even after we got a report that showed the first quarter of the economy grew less than expected. now, what seems to be happening here is a case of bad news being good news. here is how you should follow it. bad economic data means the fed is less likely to stop its bond buying program. that's one of the things that people on wall street fear, that the fed will pull back too soon. when we get bad data that means the fed might stay on hold, so that's good. as a result we had stocks moving higher. today we've got a whole lot of data to chew on, unemployment in about a half hour, personal income, spending, pending home sales. and we'll see whether the dow can get back above 15,000. the dow starts at 14,910, up 149 points on the day yesterday. the nasdaq at 3,376 after gaining 28. in my book, scott, i like it when good news is good news. if the eco

bertha, thank you very much.eciate the update. >>> by the way, today's decision is a big blow to free market innovation. ultimately, that's going to stifle private sector investment that is so critical to funding major medical discoverys. let's debate this whole proposition. joining us tonight david resnik from the law firm nixon peabody, attorney mitch epner from willk oslander for the full hour. hitch lowry, editor of the national review magazine. >> at least can you say national review. >> and the author of the "lincoln unbound." i have been a contributor and have been many years. mitch, what do you make of this decision? patent law change now from this decision in the biotech area? >> yes. this is a big deal if you are in the genomics field, if are you in the diagnostics field, if are you in the field of putting together human genome testing with pharmacology, in other words, personalizing medicine. all of these things are very challenged today and i would say that it is, as you said, going to be much more di

bertha combs is at the center of the action. hi, bertha. >> hi.looks like the bears have their eye set on that new 2100-ounce gold setting. a new low of 12.05 and change. it also had dragged down silver with it in this precipitous fall closing. copper looks like it's going to hold out and stay positive for the day, but it looks like the bears are very much in control of this gold ride. sue? >> thank you very much, bertha. appreciate it. the trading action here, josh lipton is waupg thtching that. as gold goes down, it's continuing on the upside. >> the feds knew they could shake the session. they said an outright rate hike is years away. the fear gauge, you see that down 25% since monday's high. and the s&p, consumer discretionary, also hospital stocks. i mentioned those. under form yesterday but bouncing today. they like this sector. reform means more coverage. thc is a buy, they say. priced at $48, sue. >> thanks, josh. appreciate it very much. let's go to the bond market now, rick santelli tracking the option. we got that auction out of the way

. >>> now for an early look at business we tern to cnbc's bertha coombs. good morning. >> good morning, betty. troubling news when it comes to people paying their debts. more people are falling behind now on their car payments. transunion says the rate of late payments rose in the first three months of the year as banks have started extending financing to more borrowers with less than stellar credit. >>> and the ford f-150 is now the most american vehicle. the pickup tops the annual cars.com american made index. replacing the toyota camera which has held that crown since 2009. it ranks vehicles by sales, the amount of u.s.-made parts and where they are assembled. >>> and looking at stocks, stocks could rebound today after falling on monday on continuing concerns from the fed meeting last week. and worries about china's economy. today we're going to get data on durable goods, housing and consumer confidence. have a great day, betty. >> you, too. thank you, bertha. >>> a recent gallup survey of 150,000 american workers found that only about 30% say they are

. >> now for an early look at business and for that we turn to cnbc's bertha coombs. good morning, bertha. >> good morning, betty. markets could see more red arrows today. stocks come off their worst week since mid-april. investors reacting to the fed meeting. disappointing economic data out of china. data this week on u.s. durable goods, housing and personal income. >>> prices at the pump are following. very unusual this time of year. the average gas price dropping 4 cents to $3.59 a gallon. that's due to large declines in stockpiles in the midwest coupled with cheaper crude prices overall. some fuel is going up. the morning fuel for many of us, starbucks is raising drink prices by as much as 10 cents starting tomorrow. the coffee chain says less than one-third of its beverages will be affected. drip coffee will not be affected. commodity costs make up less than 10% of starbucks' overall expenses. good thing we're spending less on gasoline because a loufts really need that coffee. >>> the price of oil also falls toward $93 a barrel on china's lending concerns. accord

good to see you, bertha. >> good to see you, jon. those looking for a rebound aren't likely to get it. the futures are pointing the a lower start by as much as 140 points on the dow. the markets are coming off their worst week since mid april. investors are very concerned about the fed easing back on its stimulus program and what kind of effect that's going to have, not to mention weak economic data out of china, weak performance from the chinese markets overnight as well. this week we'll get data on durable goods, housing and personal income. the dow did manage to rebound on friday after two days of losses closing up 41 points to 14,779, the nasdaq slipping eight to 3,337. the dow poised to open about 140 points to the downside. facebook says it inadvertently exposed personal information of 6 million members in the past year. they blamed the data breach on a glitch on its archive of contact information from its 1.1 billion users. facebook says it has fixed that bug and there's no evidence any information was used maliciously. while

bertha coombs has more. >> reporter: these health clinics are new in the u.s. fewer than five in ten americans use one. >> i go to canada and see these all over the place and that's what people do in that market. >> reporter: last year, one in four of us opted for a more affordable clinic at some point instead of our doctor's office or emergency room. >> i wouldn't use an emergency room other than absolutely necessary because i know how expensive it is. >> reporter: those kind of cost conscious decisions are helping to drive down healthcare inflation. >> if you think back to say the early 1990s, the healthcare costs projectorry was straight up, double digit increases year after year. we're now really coming down into the 4, 5% range. >> reporter: in a new report they project medical costs for the largest employers and workers will grow 6.5% next year, down a full point from the estimated 7.5% growth rate for 2013. part of the reasons, workers are footing more of the bill. >> i feel like they keep taking more and more away from my benefits, you know, me deductio

bertha coombs has more. >> i have to make sure that i take time off when i feel a little bit off. >> reporter: david is going without health insurance this year after launching a solo consulting practice in washington. due to preexisting conditions, he was denied coverage by all but one plan that cost 1$1500 a month. he will have to buy insurance or pay a fine next year and because he earns more than $45,000 a year, he won't qualify for tax credits to make it afford b. >> nobody knows how much it will cost but the big benfect i'll finally be able to get health care. >>> washington's health exchange proposed 2014 rates. estimates range from $170 to $330 a month for a man his age, and $300 to $600 a month for those in their 50s. small business plans start at about $120 a month for a 20 something worker to $600 a month for a baby boomer. exchanges in washington and states building their own health insurance marketplaces will likely see the widest plan options. for the self-employed and small businesses here in new jersey and more than two dozen other states that opted for federally buil

thanks, bertha. >>> according to forbes, nba championship will net lebron james $7 million in income. >>> twinkies lovers have a twinkle in their eye. the super sweet sponge cakes will be back on the shelves on july 15th in what they're calling the sweetest comeback in the history ever. >>> the latest survey shows americans are feeling better about their position. they don't have any emergency savings at all. only one in four have a sufficient six-month cushion of emergency funds. today wendy's begins rolling out this prize. it's pretzel premium burger. should be available coast to coast in two weeks. is that 3500 calories or something like that? >>> bruce springstein's major tribute to james gandolfini is next and all your sports highlights are next. you're watching "first look" on msnbc. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ suddenly, faraway places don't seem so...far away. we do a ton of re

bertha coombs with more. >> reporter: the american society of clinical oncology annual meeting is one of the most important events in cancer research. where drug companies present the latest data on promising treatments for the deadliest cancers. that has made it a key meeting for investors. >> a dozen companies or so, having analyst meetings over the weekend, at which point they will also showcase their data. and that's a great time for investors and analysts to interact with management teams. >> reporter: the most highly anticipated data on treatments from three major drugmakers, bristol meyers squibb, roche, and merck. >> we have new classes of drugs, such as the immuno therapies, advancing the treatment of potentially a variety of cancers, specifically melanoma, but being evaluated in kidney, breast and lung cancers. >> reporter: the drugs target a protein in cancer cells that binds withceptor that calls td-1. that protein masks cancers from the immune system. the drugs block the protein, allowing the immune system to attack the cancer cells. >> in some patients, you could end up

bertha coombs at cnbc headquarters has more on that.ertha, good morning. >> reporter: good morning, jon. man, i'd kind of like to have that job shooting the hiking trails in hawaii. futures this morning are pointing the a higher start. it looks like stocks after having a three-pete might be heading for a four-pete, the dow posting its best three-day gain in a year. the dow starts the day back above 15,000 at 15,024 after jumping 114 points yesterday. the nasdaq starts at 3,401 after rising 25. google is looking to branch out beyond smart phones and tablets. the "wall street journal" says the company is working on a video game consul and a wristwatch to combat what apple may be developing. the "journal" says google wants to develop and sell the devices itself and may release at least one of the products this fall. very interesting. folks may be talking to their phone, very dick tracy. >> i like the dick tracy reference. i was excited when they first came up with those phones you could take around. >> all you need is a "get smart" shoe. >

let's check in with bertha coombs live at cnbc headquarters. good morning. >> good morning, scott. the futures are pointing the a bounceback at the open stocks falling monday on the continued fears about the fed stepping back from its bond-buying program and worries about china's economy and the banking system there. things bounce back in china pretty strongly today after china's central bank made comments this morning to calm investors saying they were going to keep rates there within a reasonable range. this morning, in a few minutes, we'll be getting data on demand for durable goods, home prices and sales. the dow dropping 140 points on monday starting today at 14,660. the nasdaq plunging 36 to 3,321. that included apple falling back below $400 a share yesterday. that was a two-month low. >> bertha coombs, thank you much. >>> orchard supply hardware asked a bankruptcy judge to approve millions of dollars in bonuses for its executives which can sound kind of strange, of course. why would anyone get a bonus for going bankrupt? actually a common procedure. you need people in charge

bertha combs on the gold story. josh, it's looking pretty good so far. the question, of course, is always sustainability, right? >> that's right. mandy, listen, you knew you were going to get a lot of fed speak today and that could very well shape today's session. dudley, powell, lockhart, they emphasized accommodation. no rate hike on the way. you've seen the blue chips of double digits. look at the vicks, those financials, the best three-day gain here since the start of the year. wells fargo, jp, just some of the names on the radar. pending home sales. you can see all higher in today's trade. guys, back to you. >> thanks so much for that, josh. you know over the past 12 sessions we've dropped about 12 points or more. where are those gold bugs now, bertha? >> they are off to the sidelines. it's clear the sellers here are very much in control. a lot of traders say the big movement here is to the short side, and right now it looks like gold is defending that $1200 mark. it's not a technical support of any kind. we crashed through yesterday's low, and now

thank you, bertha.ea, when storms arise, it's natural to look for a safe harbor. josh lipton is in search of some in this market. did you find anything? >> reporter: bill, the s&p is now down some 5% from its all-time high. investors, they might get nervous about putting money to work when pullbacks happen. but art hogan, chief market analyst at lazard capital markets, he says that is precisely what investors should be doing. >> investors have to remember, you have been waiting for a pullback, and the market is giving it to you. it's an opportunity. >> reporter: hogan's game plan, trim fixed incopositions. paul hickey spoke, also remains pro equities with this caveat. he says stay focused on u.s. companies that generate the bulk of their revenues here. he likes consumer discretionary that investors can play with the xly. he likes the financials which benefit from a widening yield curve and etf for that theme is the xlf. finally, checking in with josh brown, at fusion analytics. his bottom line, pullback

sue, back to you. >> thank you very much, bertha, all right. to chicago where rick santelli i can guarantee you is not dressed in pink today. he's tracking the action at the cme. ricky? >> i don't think the world wants to see me in pink. all right. if we look at a two-day chart of ten-year note rates, friday we settle at a 213 yield and hovering at 214. can clearly see on this chart, 214, 215, that's the pivot, and everyone around the globe almost in every project is trading in lieu of the fed two-day meeting, so it's kind of home on the range. if you look at the next chart, dollar/yen, same dynamic. 95 seems to be your pivot point. see how many times we've bounced off of that and looking at dollar index, 80, 80.75, same thing, rangish. whether you're looking at the stock market or high-yield etf, you can see it's coming out of the chute here as many expect it will be a risk-on type fed statement. we'll soon now. back to you. >> conciliations out of washington in the future when it comes to surveillance? the guys at google, microsoft, facebook

bertha coombs with the details there. bertha? >> ugly indeed if you are long, mandy.aying they were just taken aback by the big fall that we saw again today. they think that there was some technical liquidation that happened overnight. gold closing here at a near three-year low, and for the quarter with just two days left, we are seeing both gold and silver poised for their worst quarterly performance since we've been keeping records on this. that's 40 years for gold, 50 years for silver. and at this point, mandy, traders see nothing to really stop this downward slide. >> in fact, later on, we're going to be discussing why gold does seem to have lost its glitter as a safehaven investment, right, bill? >> exactly. and meantime, with about 15 minutes left, we are hanging on. so the stock that being offered for sale in a big way, apparently is being pared out, being matched. it's up 159 points toward the close here. >>> also, healthcare is usually considered a defensive sector, but up next, davis seeberg says why that sector's performance today is a bullish sign of the m

good evening, bertha. >> reporter: good evening, larry.le ceo tim cook and co unveiling new products in getting better battery life for devices. cook showed off a new sleek macpro desktop and amped up graphics performance. meantime, the battery on the new mac book air laptop will reportedly run all day without a charge, and the new ios 7 has a new graphic look, and as expected an ad-supported streaming radio service built into the new itunes. the market yawned at the news, but apple's marketing chief took a dig at detractors. >> can't innovate anymore, my ass. >> reporter: innovative perhaps. one big change for the macoss. no more cats. they will be replaced with mavericks which is a surfer favorite near half moon bay. >> bertha coombs, thank you very much. thank you for that quote. very interesting. meredith whitney was the woman who saw that the housing bubble burst all over wall street as well as the big banks. that a couple years ago so what do you think now in the rest our panel think now about a disturbing new trend in government-ins

bertha coombs, thank you very much. what a grim story.hope it doesn't end like that for all of us. tomorrow, by the way, on cnbc, speaker boehner, exclusive with maria bartiromo. that's on "closing bell" at 4:00 p.m. tomorrow night i'll be joined on set by my pal steve forbes for the entire hour. i'm larry kudlow. thanks for watching. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." i'm on expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for, because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matte

bertha coombs joins us from cnbc headquarters with more. we're coping, bertha.y have seen stress in the markets, right? the fed today will meet with bank officials behind closed doors in boston to discuss the latest round of stress tests. the 18 largest u.s. banks are required to submit their own self-run test by july 5th showing how they'd fare under a severe economic shock. the fed won't critique the results but banks must make them public by the end of september. on the list of topics, residential and corporate loans and counterparty credit risks or how much banks could lose if one of their trading partners goes belly up. rise interesting rates are also expected to be on the agenda. t"the wall street journal repo " report"s banks submitted a proposal to u.s. regulators on how to pay for restructuring a too big to fail institution in the event of a future crisis. this is part be an effort to preempt tougher government rules. the plan would require banks to hold a certain amount of debt and equity to be used to prop up any failed company seized by regulators. s

bertha coombs at the nymex.at it looks like. all the major averages are in negative territory. the s&p is perched just above important technical support at 1600. we will talk about that and the fact that the home builders are down 6%, 7% today after the break. >>> par rena bartiromo just sat down for an exclusive interview with house speaker john boehner. here is what he had to say about the fed-driven market losses. >> the sell-off is in large part due to the policies that we've had coming out of the federal reserve. you know, you can't continue to deflate our money and deflate it and deflate it, have the equity markets go up without some change. now, bernanke has made it clear, he's doing these policies in the absence of the government doing its part to help improve our economy. that's why democrats and republicans here on capitol hill and the president need to deal with -- fix our tax code that would help us promote more economic growth and deal with our long-term spending problem. >> a timely interview with

. >>> for your "first look" at business, we turn to cnbc's bertha coombs. >> stocks leapt wednesday even as the economy grew less than expected in the first quarter. in a bad news is good news interpretation, investors feel perhaps the fed may not be so quick now to end its stimulus program as was thought last week. and a deal in congress to keep student loan rates from doubling may be on the verge of collapse. senate majority leader harry reid says he will not support the bipartisan measure. and how much would you pay for lunch with yahoo!'s ceo? bids in a charity auction are up to $95,000. final bids at charitybuzz.com are due at the end of the day. i'll take you to lunch but i don't know if i'll pay $5,000 to do that. >> i agree. >>> collision course. from a $40 million nfl career to handcuffs and murder charges. things are looking grim for aaron hernandez. sports highlights from around the globe next. >>> nirchg patriots tight end aaron hernandez is behind bars charged with murdering a friend. >> hernandez is being charged in connection with the death of oden lloyd, a 27-year-old sem

bertha coombs.coming up on this fun friday edition of "street signs," billionaires and james bond. we're going to explain. >> and more on tesla's new time saver. why swap her out may be the new fill her up. "street signs" is back right after this. instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themsel

bertha coombs, a lot of pain down there for thoeps those hoping for a rebound in gold. >> a lot of pain the bulls and traders saying what they are seeing here is technical liquidation. let's not forget, we're two days to the end of the quarter, and it is shaping up to be a record for both gold and silver. both of them on pace to have their worst quarterly declines since we've been keeping records. that's 40 years for gold. 50 years for silver, and copper has gone along for the ride, although a relative outperformer. sue, back to you. >> bertha, thank you. >>> i mentioned session highs on the dow jones industrial average. the s&p also performing at session highs. josh lipton is here on the floor of the nyse. boy, a tale of two markets. gold plunge and the dow jones industrial average solidly in the green? yeah. look at the blue chips up another 135 right now. plant the market leaders and put these up, the dju, the rmz and drg so that's utilities, reits and pharmas, your gainers. on the other hand, though, look at the commodity stocks, clf, vale and alcoa, we'll end with the russian softw

hurricane gilbert and reported live from hurricanes fran and bertha.d morning america" then. here i am 40 years later, still forecasting weather. it has become my passion. >> coming up. warmer temperatures, severe storms, drier winters. a look at changing weather patterns and how they may affect you. and learn how technology is changing the world of forecasting. for over 60,000 california foster children, it's a challenge to replace clothes that areoo small or worn out. i grew 3 inches last year. i don't need anything fancy. i never had much to begin with. when i look nice on the outside, i feel better on the inside. to help, sleep train is collecting new clothes for kids big and small. bring your gift to any sleep train, and help make a foster child's day a little brighter. not everyone can be a foster parent, but anyone can help a foster child. >>> san francisco bay area is highly vulnerable to natural hazards like earthquakes, wildfires and severe weather. so we have created one place for you to find all the resources and tips you need to be prepare

bertha coombs looks at how metal prices have been tarnished as well. bertha?ld seeing biggest drop since april 16. if you look to the massive sell off, once fell through the support level, 1325.00 an ounce. silver getting hit even harder, closing near three-year low. only positive in the met als pit was volatility spiking to two-month high. at this point, traders say with higher interest rates, and economy not picking up enough to spur demand particularly for copper. you don't see any reason for metals to move higher in the near term. back to you. >> thank you so much. hedge funds taking heat. kate kelly with that update. >> for a lot of macro hedge fund, is a pain of merging markets. china, russia and brazil are down huge today. more than 5% on date if you look at one of the more popular etfs here. that adds up to 17% for the year so far and pain is felt across the board in emerging markets across asset classes. bonds and asian sovereign debt are taking hits, along with currencies too. take a lock for example at mexican peso, a type of currency hedge funds pl

bert bertha coombs has more. >> the test is what alerted angelina jolie she had a high risk of. the supreme court struck it down. they said dna is part of nature and not patent i celigible. they call it a win for invasion. >> it's going to allow smaller companies and sicientists to develop new tests without fear of reprize l from mononotary public lee and -- monopoly. >> they said we believe the court appropriately upheld our claims on cdna and ensure strong property protection for a test. a test which represents 75% of myriad'sish shups. play ton to welcome a one and two test this year. >> there will be other lab tomorrowries that will offer tests, and i think all the lab tomorrs will test a much larger number of genes that can also confir inherited risk of breast and ovarian cancer. >> bill quark says the test set as high bar. >> you want to know what those mutations mean. having that database, it will be difficult to argue that a $800 test will be equivalent. >> the door is open for other genetics testing and advocates say ultimately that's a big win for patients. >>> we begi

big time, bertha coombs watching the trade. >> sellers are very much in control of gold.it did close about $1200 an ounce. dipped below that afterwards. trading saying that is not a support level. just a signing logical big round number. last time we close bred that was august 12, 2010 and looks like we are headed for there as we go to the end of the quarter here. gold and silver on track for worst quarterly decline ever, at least since we have been keeping records. what is interesting is disparity. not a lot of volatility, gld right along with gold to three-year low. take a lock at minors today. some of the miners are starting to head and miners look good and so did mining etfs. very interesting disparity. back to you guys. >> thank you very much. and to seem wa and josh as well. do you realize, maria, this is the best three-day gain of the year since january. that's strength. we started the year with a bang. remember that in january 3rd and beyond. >> it does indicate resilience. we talk about a lot of the buy on mentality but when you talk about the buy as nervous as w

>>> for a look at the business news today, we turn to cnbc's bertha kunz. good morning. >> good morning, betty. seems one day up, one day down on wall street. stocks rebounding tuesday on the backs of better than expected data on new home sales and home prices. the federal trade commission is telling yahoo! microsoft, and google to better distinguish between searchers paid ads as more consumers are using smartphones to search the web. >>> and bp takes out full-page ads as it mounts an aggressive campaign to businesses hurt by the 2010 gulf oil spill. that's it from cnbc, back over to you. >> thank you. >>> and straight ahead, a war of words between a-rod and his yankees boss. that's next. >>> now let's get the latest in sports. a historic first for ucla and the college world series. the bruins shut out mississippi state 8-0 for the first ncaa title. >> that's a fair ball. and the bruins have done it. they win their first-ever national championship in baseball and number 109 overall. >> the fireworks go off. the bruins win game one and two. to add to all tho

back to you. >> all right, bertha, thank you very much. >>> to the bond market right now. the auction, the ten-year note go off the board. ricky gave it a "c." seen a little movement since then. how does it look, rick? >> so fascinating. let's build on what bob pisani is talking about. let's look at the intraday of ten-year note yields, and if you look really carefully you can see at 1:00 eastern there was a little bit of a move. now, let's look at the dollar/yen. if you look at will dollar/yen around 1:00 eastern, there was kind of a little bit of a move, and if you look at the dow which bob was talking about, there was a little bit of a move. i don't need to show the nikkei futures because bob did, so the point is it's kind of like that movie "bob, carroll, ted and alice. the ." there's a relationship here but who is paired with who? i can't really tell. tyler, back to you. >> with the rebound in the economy we'll tell you which sector to move to. would you pay a subscription fee for an airline? >> reporter: how much is $1,650, worth enough to have a guaranteed seat in a

bertha coombs at the nymex. hey, bertha. >> how are you, carl?r the highs of the session, and that is pressuring commodities overall. the inventory numbers as far as oil and products were concerned, fairly bearish. we saw a flat number, haven't seen one of those in a while in terms of crude stockpiles. the expectation had been for a decline. and refiners produced an awful lot of gasoline. they may be stockpiling ahead of next week's july 4th holiday but folks aren't biting. we saw a big build in terms of gasoline stockpiles, more than double than what we saw from api which was bearish last night. so overall you do have negative kind of vibe going on in the oil complex. switching over to metals, as i mentioned, the dollar here moving towards the highs of the session. we've got oil moving -- gold rather moving back down towards the low. gold trading here below $1,250 an ounce for the first time since august 2010. that strong dollar basically putting pressure on metals across the board after that gdp reading. back to you. >> all right, bertha. thank

guys, back to you. >> thank you, bertha, very much. dropped about 25 points just in the last couple of minutes, down 75 on the dow. bob pisani? >> wondering what's going on, it's not about the stock market but about the interest rate market. we're very much hostage to the interest rates. i want to put up the healed on the ten-year. it really is that simple. we've seen as interest rates started moving off of their lows. interest rates started moving up and we saw the stock market moving down so we were briefly positive. take a look at dow, down as much as 150 points, very briefly around 11:30, did go positive on the dow jones industrial average and now as sue mentioned down about 75 points. higher rates are in negative for the global economy. there's your key point here. put up the sectors, financial energies and consumers and discretionaries are to the upside, as you can see, and that's when pressuring these higher interest rates are particular-for-commodities and like industrials, materials and energy stocks, that's the case today. it

bertha coombs has more on what that could mean for businesses, insurers, and pays for health care and more. >> reporter: obesity has long been called an epidemic with more than 35% of americans very or extremely over weight. now the american medical association has decided it's time obesity itself is classified as a disease. >> we want to prevent and cure type 2 diabetes and stop cart vascular disease. >> reporter: the obesity society among those who have been calling for a disease designation hailed the move. >> obesity that affects a third of the population is something that people don't routinely discuss with their doctors until it starts resulting in things like diabetes and heart disease and joint disease. >> reporter: it's because of those costly serious chronic conditions most large employers have been on the forefront of fighting obesity in the work force. one in ten offer incentive payments for reaching wellness goals. more than half cover lap band and surgery under insurance benefits. >> they will continue doing that because they are looking at different ways in which to man

bertha coombs, live at cnbc world headquarters with details. also a look at how futures are trading. a decent start to the day. >> looks like it so far, jon. in 15 minutes we'll get a final reading on first quarter gdp, the pace how the economy degrgr during the first three months. new home sales and home prices helped the nasdaq snap a four-day losing streak. dow rose 100 points to 14760 and also the nasdaq as well break that losing streak, rising to 3347, adding 27 points. microsoft going to take wraps off of its new tune-up on flagship windows 8 software today. it's dubbed windows 8.1, code name blue. aimed at addressing the gripes people have had with the latest version of the operating system. one of the chief ones being the lack of start button on the lower left hand corner of the screen. update free for microsoft's partners. it will be available to general public later this year. we all think we like change but you move things around on us and it's annoying. >> especially when it comes to technology. i like to keep it simple, streamlined

back to you. >> thank you so much, bertha. opportunity or overreaction? biggest money men weighs in coming up next and big changes in the way certain economic data is released, but will this make things a little more free and fair. we sure hope so. that story is coming up next. my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling