thanks for joining us, i'm bill griffeth. becky is back next week.eo of travel search engine kayak will be here with her on how to save time and money. each week, keep it here, we are "on the money." have a great weekend, everybody. see you next week. letonight on "the profit"...s. we head back to some of the business i've partnered with over the past year. -carolyn? -carolyn: i'm carolyn. -nice to meet you. -lemonis: when i make a deal, i come in with a plan and a check. man: thank you, marcus. woman: i was gonna work you a little bit more. lemonis: [ chuckles ] but what happens after the cameras shut down... michael: i've let it slide for three freakin' years! lemonis: ...may surprise you. one struggling novelty sporting good company has been totally transformed. wow. look at this place. but the owner is still making the same sort of short-sighted decisions that nearly brought them to the brink. i'm pissed that you bought the printer. i'm not gonna lie. if you were me, would you stop putting money in this business?

. >> let me bring in bill griffeth here from cnbc. bill, what are you seeing and the impact on traders. who's doing the trading right now? i mean is this about big hedge funds that are having to decide okay maybe we need to do something differently today or we're going to pull back. what is going to be the impact? >> well let me put something in perspective here chuck. yes, once upon a time the new york stock exchange was the only place where you could trade stocks but that's by far no longer the case anymore. let me be clear. stocks are still trading right now. >> no, we're watching the ticker on screen right next to your head showing movement. >> the glitch we're talking about is only at the new york stock exchange. but the new york stock exchange trading floor is only one trading platform that exists today. there are other platforms owned by the new york stock exchange that are all electronic. those are still trading right now. the nasdaq market system it's up and running still at this point and it's trading some new york stock exch

. >> i'm bill griffeth. dow down 200 points. united technologies and ibm accounting for more than half of the decline in the dow today. we will debate whether those two stocks could have the way for more earnings drama to hit the broader markets. >> both of those companies citing concerns in the bricks especially in china. after the bell the earnings drama will be in full force. get ready. >> i cannot wait. >> apple and microsoft will be releasing their latest numbers, plus got reports from yahoo, chipotle gopro. those numbers over the next hours and bringing you them after 4:00. >> it just doesn't get better than that. plus time to sell tesla maybe? a bold call from a ubs analyst downgrading that stock to sell today. the man who made that call coming up. >> it has been five years since the dodd frank financial reform bill signed into law. barney frank will join us to discuss all the criticism the law has received including from members of his own party. >> enjoy having barney on the show. first we start with this move in the br

im i'm sara eisen in for kelly evans. >> i'm bill griffeth. we had a good rally under way. dow finishing up 69 points. 18,119. s&p up 16 almost 17 points. and the nasdaq, a good rally up 60 points. 1.26% in record territory at 5163. >> joining us to discuss all this, michael santoli from yahoo finance. and google set to report. michael santoli, we are expecting earn frgs amings from google and mattel. >> the response to earnings has been very good. everyone knew the bar was low. they are hurdling it. i think it's interesting that we had this outperformance of nasdaq from bell to bell. it was a nasdaq market. it was a traditional growth stock market. bob mentioning materials being weak. strong dollar hurting that. it's been a week-long draining of anxiety out of the market. vix dipping below 12% is telling. >> feels like this market is grinding. the average trading range for the dow was 190 points. today pretty low. we are grinding higher here. >> we are grinding higher because we were in the midst of macro concerns the last couple of weeks. now we are focused on company spe

i'm tyler mathisen in for bill griffeth today.e caruso cabrera will take you to and through the closing bell. >>> thank you. welcome to the "closing bell." i'm michelle caruso cabrera in for kelly evans. industrials lower by 160 points. s&p lower by 22 nasdaq lower by 57. declines of more than 1% in the s&p and nasdaq. much more on the markets still to come. an exclusive interview with the former new york governor eliot spitzer. he is still taking on wall street. this time with his business that ranks analysts and analyzes corporate insider transactions. he will join us live at the new york stock exchange. we have evan newmark and kayla tausche. "fast money" trader guy adami. guy, what is your sense of what the problem is this week? >> by the way, ridiculously outstanding job during your tenure in greece. it was amazing work by you. >> thank you. >> crude oil, mcc. it's been cut more than half in the last seven, eight months. look at freeport-mcmoran. it's at a six or seven-year low. u.s. steel is within a whisper of a 15-year low

. >> i'm simon hobbs in for bill griffeth. weak reports from caterpillar and 3m dragging on the industrials. >> in less than an hour to go, the earnings parade will be in full force yet again this afternoon. amazon starbucks and visa releasing their latest numbers. we'll bring them live soon as they hit the tape. >> shares of starbucks competitor dunkin' donuts falling today. weak sales for packaged coffee weighing on the stock. ceo will join us live in a first on cnbc interview to discuss his numbers, plus his thoughts on the minimum wage. >> we'll see how those new oreo donuts are selling. >> fbi cracking down on chinese corporate espionage. >> the economic bellwethers, caterpillar, 3m moving lower on the back of earnings. caterpillar ceo was on "squawk box" earlier and spoke to the global head winds holding back not only the economy but his own business. >> for us to drive sales and drive employment we need 2.5% to 3%. having said that we are doing an awful lot of things internally to make sure we are strong strengthening o

i'm bill griffeth at the new york stock exchange. >> it's great to see you, about i'll. i'm kelly evans at the aspen ideas festival here in colorado. >> lots of ideas. one hour of trading left before the long holiday weekend. investors focused on this morning's jobs number and the crucial vote coming up in greece on sunday. even if greeks vote yes on this referendum it is still unclear when banks in that country could return to normal. we'll take you live to athens once again and get you through this last hour of trading, as well. >> big thinkers bringing their big ideas to aspen. shell oil president will be joining us. ricardo salinas, walter isaacson robin chase and actress goldie hawn all joining us throughout the next two hours. >> a good view of what it looks like in aspen. if you are on twitter, you saw pictures of kelly wearing this suit. i sort of spilled the beans in my twitter account. she is not playing ironwoman here. will not replace robert downey jr, though she could. we'll explain. >> i need to take an iron supplement after messing around with that suit. w

. >> i'm bill griffeth. what a day.r lead three times on what is most important right now. broader markets may seem tepid compared to a big move the futures saw this morning and overnight. china and greece concerns causing big moves joe you the side the broader indices. >> you must take a look at oil today. sinking on global demand fears in large part on pace for its second worse day of the

. >> i'm scott wapner in for bill griffeth. china's selling overnight has been pressuring u.s. stocks all day long. we'll discuss whether the china fallout is just the beginning for u.s. investors. >> fiat chrysler paying more than 100 million of its handling of recalls. transportation secretary anthony fox will join us live. >>> the ceo of boyd gaming will discuss where he sees growth. >> today we have henry tao, steve grasso. should we be as concerned over what's taking place in china? >> i don't think the u.s. market should be concerned at all. in china only 15% of household assets are in the chinese market. people are not spending according to what they make in the chinese equity market. i don't think there will be any substantial impact on the u.s. earnings at all. >> do you buy that rick? >> not even a little. i don't disagree with his information. i do think there are many aspects to china unique to china. many have no problem when commodities were racing and copper was racing saying this represented global demand. maybe it was china's demand. i think that this reversal

. >> that would make me bill griffeth. a deal in greece they have. it's not done by any means. stocks are rallying on this pending agreement between greece and its european competitors. we'll talk about what could potentially derail this deal. >> as energy prices fall what other companies could be making a move in this sector. >> this story grates me. airlines are raking in money for the ancillary fees. details on which carriers are bringing in the most cash and where that money is going. >> it doesn't grate me that tch much. >> charge us airfare and leave the fees behind. >> one price for everything. i don't know. >> a la carte is nonsense. >>> hundreds of stocks experiencing a self-correction. some reporting earnings this week as earnings season gets into full swing. >> what you guys are paying in california, i don't envy you that. >>> let's get to the story on greece. bailout, deal and reaction from germany which is very important. our chief international correspondent, we are going to refer to her as the athens bureau chief michelle caruso-cabrera. steve liesman moved to be

. >> i'm bill griffeth. what a day. we literally changed our lead three times on what is most important right now. broader markets may seem tepid compared to a big move the futures saw this morning and overnight. china and greece concerns causing big moves joe you the side the broader indices. >> you must take a look at oil today. sinking on global demand fears in large part on pace for its second worse day of the year third worse performance in the last three years. >> an intriguing session in shanghai. the composite staging a huge comeback after a volatile trading session. hong kong shares in the red. we have ralph acampora. >> european banks taking a hit as the future of greece and the euro zone hangs in the balance and we'll look at the true cost of a greek bailout. >> meanwhile, gopro unveiled its smallest camera ever. the stock is not getting a lift on that news. we'll hear what ceo nick woodman has to say. >> you can carry all these things around. >> you put your phone up here too? >> no i don't. crude oil in a t

. >> i'm bill griffeth. the gold is at a five-year low. miners down. what's behind the move and whether investored should like for a new safe haven. >> we've got someone who said the banks in europe are a better buy than banks here in the united states. >> also a major alzheimer's conference is under way right now. we'll bring you the latest from that conference. a lot of optimism there. and we'll discuss why hundreds of millions of dollars are going into alzheimer's research it still may not be enough to make any real progress. >> also along musk discussing the latest spacex rocket failure right now. we'll bring you the latest headlines soon as we get them. >> we start with our "closing bell" exchange. the major averages are in record territory. territory. mr. willis what's moving this market today? this is another one of those days where we are hitting singles. no home runs but enough to put us over the top for the s&p and the nasdaq in record territory today. >> the big cap, particularly the nasdaq are the story. inside that story, you need to take

. >> i'm bill griffeth. tesla announcing options for the tesla model s. one he calls ludicrous mode. he had insane mode. now a new battery pack. we'll explain all that in a minute. plus an analyst who says tesla is going to $335 a share. it's around $272 right now. >> he knows how to build hype. >> commodity crush. gold futures hitting their lowest levels since april 2010. live at the nymex on what is driving this precious metal lower. it's the stronger dollar of course. >> google on a tear. have you seen this yet between the two classes of stock, nearly 20 million shares changed hands today. growth in youtube business is top of mind after last night's earnings report. we've got the co-founder of a media company that specializes in youtube talent. >> we had to brush up on our youtube talent to prepare. >> you should see the amount of money these people are making as talent on youtube. >> and the amount of clicks they get. >> the new york fed says the strong dollar could lead to a hit for gdp. jan hatzius gives us his take on that the economy and latest fo

. >> i'm bill griffeth. all of us are standing on the floor saying what have you heard? what's going on? the dow has come back from what was a 218-point deficit midday. you see there just before noon eastern. now up 85 points. we are setting highs for the days. there have been concerns about the chinese government's attempt to stabilize its own stock market. that early on was weighing on u.s. investors. and they've been watching the eu leadership meeting in brussels which is still under way. we are going to take you live for all that. so many concerns yet seeing this rally. >> if we stay at these levels will probably be the biggest single-day reverse ideal in four years. economist thomas piketty has a message for angela merkel. he says history will remember you for your actions this week. he'll join us live in a few minutes to explain why he believes not helping greece would be hypocritical. >>> the big banks unveiled their living wills. these are the plans how they would handle bankruptcy during a crisis that's mandated by dodd frank. dick bove will join us to tell us w

i'm bill griffeth. kelly evans will be along shortly. those of you on twitter know where she's been. we'll talk about that. what a difference a day can make. at this time yesterday, we were wondering when the new york stock exchange would reopen for trading. so far today, things have been going smoothly and we are looking to see if the close will be a smooth one, as well. we are going to talk about it with ron kruszewski. >> the deadline for greece is getting closer. some say greece will deliver a reform proposal within this hour. we will be live in greece in athens and germany, as they await that proposal. china's getting a break from the sell-off overnight. big rally there. no one is breathing a sigh of relief just yet. we'll break down what makes china's markets so different from other global markets. wait till you hear these statistics about the role individual investors play in the shanghai market specifically. right now, let's show you how we stand on wall street we had a big rally on the open this morning. slowly the air had been

. >> i'm bill griffeth. oil turned around, turned higher. i know one day does not a trend make. it's counterintuitive. it was initially selling off. it was selling off on the heels of that historic nuclear deal reached with iran but is now up 1%. we'll break down what is behind that move in a moment. >> not like we had great economic data here. playing tricks on investors another fake story about a twitter takeover causing a volatile move in the shares earlier today. we'll bring you the anatomy of a stock market hoax. >> yet another stock market hoax. micron shares soaring by more than 12% right now on the reports of a chinese state-owned company looking to buy the semiconductor giant. the deal may have a tough time getting through regulators. could another suitor be waiting in the wings? we'll find out. >> wells fargo turning in a solid quarter posting a decline in mortgage applications this morning. john shrewsberry will join us to discuss whether he sees a slowdown in housing. >>> we are seeing a rally in the price of oil. >> we are going to ask about that. what is going on w

bill griffeth here at the new york stock exchange to carry me through the programming for the rest ofr. >> you ain't heavy. >> how was kansas? >> kansas was lovely. it was hot, as you all in the midwest can attest to. it was very green and fun to go home. we have 66 cousins. the oldest was 96 years old. >> we've got a rally on wall street. industrial average up 187. transports are also on pace for their biggest gain since january today with a gain of 2.6%. the ups earnings hit a fire under the transports today. we've seen a good rally in that sector today. >> let's look at some of these movers. ups giving a lift after earnings topped street estimates. that is due to falling revenue with foreign exchange rates. growth in the international segment will help ups achieve the upper end of its earnings guidance. micron among the biggest gainers on the nasdaq 100. it was hammered yesterday. intel higher. two chip giants micron that is -- anyway. intel higher unveiling the chip category since nanflash in 1989. 3-dx point technology is 1,000 times faster than nan and condenser than conventiona

. >> that would make me bill griffeth. a deal in greece they have. it's not done by any means.ng on this pending agreement between greece and its european competitors. we'll talk about what could potentially derail this deal. >> as energy prices fall what other companies could be making a move in this

i'm bill griffeth at the new york stock exchange. >> it's great to see you, about i'll.ado. >> lots of ideas. one hour of trading left before the long holiday weekend. investors focused on this morning's jobs number and the crucial vote coming up in greece on sunday. even if greeks vote yes on this referendum it is still unclear when

. >> i'm bill griffeth. oil turned around, turned higher. i know one day does not a trend make.. it was initially selling off. it was selling off on the heels of that historic nuclear deal reached with iran but is now up 1%. we'll break down what is behind that move in a moment. >> not like we had great economic data here. playing tricks on investors another fake story about a twitter takeover causing a volatile move in the shares earlier today. we'll bring you the anatomy of a stock market hoax. >> yet another stock market hoax. micron shares soaring by

. >> i'm bill griffeth. the gold is at a five-year low. miners down. move and whether investored should like for a new safe haven. >> we've got someone who said the banks in europe are a better buy than banks here in the united states. >> also a major alzheimer's conference is under way right now.

i'm bill griffeth. kelly evans will be along shortly.she's been. we'll talk about that. what a difference a day can make. at this time yesterday, we were wondering when the new york stock exchange would reopen for trading. so far today, things have been going smoothly and we are looking to see if the close will be a smooth one, as well. we are going to talk about it with

. >> i'm bill griffeth. tesla announcing options for the tesla model s.. he had insane mode. now a new battery pack. we'll explain all that in a minute. plus an analyst who says tesla is going to $335 a share. it's around

. >> i'm bill griffeth. we made it. >> barely. >> we could be closing the week out with a big rally. unlike yesterday where we had a big rally on the open then faded, no fade today. stocks are up across the board as greece closes in. is it possible on a potential deal? parliament is expected to vote on the reform proposal around the table within the next couple of hours. we'll take you live once again to greece and germany to get both sides of this trade. >> critically helping sentiment, china stocks recording their biggest two-day gain in seven years. a number of stocks there are still halted. we've got the portfolio manager for fidelity's $2 billion china fund coming up. he says there are a lot of opportunities in the china market right now. we'll tell you where. >> the latest data show the pc market is just getting clobbered. it's dying yet again. could microsoft have a plan to revitalize that sector? that's coming up. >> also a new bill that could help patients get their treatments faster but at what cos

. >> i'm simon hobbs in for bill griffeth.the industrials. >> in less than an hour to go, the earnings parade will be in full force yet again this afternoon. amazon starbucks and visa releasing their latest numbers. we'll bring them live soon as they hit the tape. >> shares of starbucks competitor dunkin' donuts falling today. weak sales for packaged coffee weighing on the stock. ceo will join us live in

. >> i'm bill griffeth. all of us are standing on the floor saying what have you heard?? the dow has come back from what was a 218-point deficit midday. you see there just before noon eastern. now up 85 points. we are setting highs for the days. there have been concerns about the chinese government's attempt to stabilize its own stock market. that early on was weighing on u.s. investors. and the

. >> i'm scott wapner in for bill griffeth. china's selling overnight has been pressuring u.s.fallout is just the beginning for u.s. investors. >> fiat chrysler paying more than 100 million of its handling of recalls. transportation secretary anthony fox will join us live.

. >> i'm bill griffeth.barely. >> we could be closing the week out with a big rally. unlike yesterday where we had a big rally on the open then faded, no fade today. stocks are up across the board as greece closes in. is it possible on a potential deal? parliament is expected to vote on the reform proposal around the table within the next couple of hours. we'll take you live once again to greece and germany to

. >> i'm tyler mathisen in for bill griffeth. >> stocks are falling.t the week down nearly 3%. it's been tough. weaker than expected earnings weighing on stocks. we'll tell what you to expect for next week. of. >> amazon surging today. reported an unexpected profit. it was a small one. why is wall street acting so

. >> i'm bill griffeth. dow down 200 points.nd ibm accounting for more than half of the decline in the dow today. we will debate whether those two stocks could have the way for more earnings drama to hit the broader markets. >> both of those companies citing concerns in the bricks especially in china. after the bell the earnings drama will be in full force. get ready. >> i cannot wait. >> apple and microsoft will be releasing their latest numbers, plus got