bianco in phoenix, arizona.guy who invented the beard. he's here tonight at the l.a. feast of san gennaro. please welcome chris bianco. hi, chris. great to have you. i didn't wash my hands, is that a problem? >> that's okay. >> very good. so we're going to make sandwiches. we have dough to start with. >> let me tell what we've got. it's similar to the pizza dough, we'll make a foccachia to do. >> you make the bread for each sandwich? >> like krispy kreme, we hammer them out. it was a good idea at the time. >> it was good for your customers. >> i'm a trained professional, you know what to do. flip it over. let it find its place. then we stick like three fingers -- >> any three? >> any three. press into it a little bit. and just trap the olive oil we'll put on it. creates the nooks and crannies like the english muffins. looks very good. >> thank you. >> and then -- then a little extra virgin olive oil. >> and you get -- you get your own olive oil made, right? >> i have some oil in phoenix. >> what you need to do a

with the market up strongly from march, david bianco says it is time to get bullish right now.e is calling for a 20% rise in the s&p tp to 1,200, he is seeing opportunity in the financial services sector. he is head of u.s. strategy of bank of america merrill lynch he joins me in a cnbc exclusive along with mark fetting. >> hello. how are you. >> s&p 500 you think could rise 20% in the next 12 months. what is going to lead it? >> what is going to drive the market higher is earnings growth. we are not expecting the market to drive on p/e expansion, driven by the u.s. recovery and declining credit costs and s&p exposure to healthy markets. >> what about the head winds? the international community is not necessarily seeing growth. some people are debating whether gdp positive showings in germany and france, we should read into them. what happens if we have a slow recovery and we bump along the bottom and don't see acceleration in earnings. >> i think we are seeing recoveries in mature economies. we believe that the u.s. economy's recovery will be slow and steady, but keep in mind

joining us, global ceo for equities and president of bianco research. steve leisman still here. bob dahl, what would make you happy in the statement today? >> i think that the fed acknowledges the improvement in the economy. i don't think they can ignore that. that would mean their head's in the sand. but at the same time, they provide assurances that these are the early days of recovery and they'll watch and wait and see some more evidence. we know historically the fed rarely does much significant until they see improvement in jobs. we know we've got a ways to go before we get there, erin. >> that's one thing. the white house has acknowledged that, too. jim bianco, are you looking for any update on a lot of these programs that they have out there right now to try to influence interest rates for things like mortgages? >> i would like to see the update on some of the programs. i think there is a reasonable chance we'll get in on the mortgage program, though i agree with steve that it is most likely going to be at the next meet meeting we'll get the update on the mortgage program

tomorrow night, we'll be joined by chef chris bianco, region james and esther dean.ront of the camera for almost half his life. his face has been declared a national treasure. starting october 2, you can see him opposite ricky gervais in the very funny new movie "the intervention of lying". please welcome rob lowe. [ cheers and applause ] great to see you. >> good to see you. >> it's become a tradition now that you -- you were here for the feast last year. >> i only come for free pizza. >> i heard you're a pizza nut. >> i'm trying to get prepped for a comedy bit and i'm stuffing my face with pizza. >> see, that's where we differ. i can only do it when stuffing my face with pizza. do you make pizza? >> i have a pizza oven at thousands. i don't know how to work it of course, but i know how to eat it. >> what's your favorite pizza place in the united states? >> well, new york was the sort of epicenter of pizza, but i shot this movie with ricky gervais in boston and i have to tell you outside of the boston garden there's a boston pizza place i put up with anywhere in the

thursday, rob lowe, the feast of san gennaro, lisa lampanelli, tommy lasorda and we have chris bianco san gennaro. starting this sunday, he is back on campus for a third season of his showtime series "californication". please welcome david duchovny. [ cheers and applause ] >> thank you. >> take a seat. i know -- you moved from l.a. back to new york since the last time you were here. >> from where i'm from. >> i hope i didn't have anything to do with that. >> no, no, you didn't. >> you wanted to be closer to regis? >> i wanted to be able to jump in there and sub. yeah, no, it's been an odd transition. i thought since i was from this, i'd be at home again, but it's not so much the case. >> do you live in an apartment? >> yeah, i live in an apartment. >> there's got to be a different thing, going from the big place and -- >> yeah. i don't know what going on in the apartment move me and it's -- >> did you confront them at all? >> no, i don't know who they are. >> you're nonconfrontational like that? >> i am in new york. >> yeah, i'd probably be nonconfrontational also, but i'd find ways t

mark zande, jim bianco, and phillip schwegel. good to have all three of you with us. the ground rules are we're going to tackle three issues. a quick piece about what mr. geithner has to say. i ern courancourage any disagre issues you may have. let's start off with what he had to say about the economy. he briefed the president yesterday. here is what he told him. >> and today you met with the president. gave him a briefing of exactly where we are. what did you tell him? >> i said that for the first time most economists think we're actually growing, the world is now growing, too. but because as a country we borrowed too much, built up too much leverage, really had too long a period of living beyond our means it's going to be a slow recovery. it's going to take a while to fix this. americans are already changing in important ways, ways that will make us more healthy. they're saving more. borrowing much less from the rest of the world. those kind of changes we have to go through are going to make this a slower recovery than expected. you will likely see unemployment stay

bianco. dsw have great clutches.e with candy-colored bags. >> the other, i'll take this with me now and sort of keep that -- >> see the orange works nice. nice fall color. we also have texture. it was like the tough biker chic look. >> this tough category are the bad girl bags. if you like something like that, that's lace, floral and feminine. >> if you add a little edge. you'll get me in trouble. >> this is a pick again. excited this is by laichle and rachel roy. this bag is only $40. >> i loved that. these bags from bakers have sequins. i like this hype clutch. >> this is over $100 but a classic bag you'll have forever. the jewelry to your dress. >> and this oversized bag, $50 at express. i love these, this is a great way. >> studs are here to stay. >> then of course texture. >> this is too hip for me. i wish i could wear a bag like this. i think it's so cool. >> what i love about this, add interest to an outfit. this bag right here. it's the classic iconic bag. they have lots of great weaving techniques, set the t