i'm bill griffith. stocks with a modest raise. volatilities returning to the markets. will we see more ahead. one key indicator. >> same sue herrera, will the stock markets lift or are we heading into a bigger dip? we go hunting for opportunities in this market. >> and it is david against goliath in the stocks business. we have a cnbc exclusive interview. find out why he is talking smack about mcdonald's. mu much. >> i'm rebecca jarvis. a lot of retailers -- we'll look at what worked for the likes of home depot and target and what it means for the american consumer and the stocks. >> i'm diana olick in washington. builders are starting more single family homes and planning more later. are they being realistic or like today's homeowner, totally misreading the market? two new reports coming up in an hour. >> and i'm jim goldman in the silicon valley bureau. hp is preparing to release what the street thinks will be good numbers later tonight. much google has been public only five years and is in over $140 billion. what is coming next for both? >>> but first, let's get

bill griffith has more on that and other big business stories making headlines this past week. >> reportersummer rally took a breather this week, after a jumble of economic news aimed more upbeat federal reserve bank wrapped a two-day meeting vowing to keep its already-low benchmark interest rates unchanged for an stebded period of time. the fed says its policies are working, the financial markets have improved lately and household spending has stabilized. but ongoing job losses, falling home values and tight credit remain problematic right now. consumers are being tight, retail sales in july fell .1%. while consumer sentiment dipped lower as well. but at least inflation is in check. consumer prices were flat in july, and they are lower from where they were a year ago. and a bright spot in housing, sales of existing homes last quarter were up nearly 4% from the first three months of the year. still, more people are losing their homes to foreclosure, banks repossessed 87,000 homes in the u.s. last month, that's up 7% from june. and, the cash for clunkers program has been given a boost to th

. >>> i'm bill griffith. coming up on the kudlow report.ot? if it's not, what exactly would health care reform look like. >> and what just won't go away, the stimulus package in the next hour. introducing the all new chevy equinox. with an epa estimated 32 miles per gallon. and up to 600 miles between fill ups. it's the most fuel efficient crossover on the highway. better than honda cr-v, toyota rav4 and even the ford escape hybrid. the all new chevy equinox. >>> tonight on the kudlow report, the new bull market rally gets back on its feet. stocks rally across the board with financials and retailers leading that charge. is the hot button public option back on the table or not. the white house that says controversial plain remains. and there are our experts tonight. and giving us their ob investment strategies an what to expect from this new bull market recovery. was the nearly $800 billion stimulus a big help or a big dud? do we need a second stimulus package? yes, we will debate that again tonight. we'll talk exclusively with the ceo of re

i'm bill griffith. get your business news on cnbc. now celebrating our 20th year. >>> well it's like a stimulus plan for your scalp. a south florida business is playing off the government's cash for clunkers program. they're inviting people to trade in their old hairpieces and go for a new head of hair. for every old toupee they receive, adrian's hair center is giving people $250 towards a new toupee. a handful had traded in their hair clunkers for a new look. >>> up next, sports and weather straight ahead. steve will be here with a look at your weekend forecast. look at the sun. stay tuned. woman: so when i got home from wal-mart, i could tell what my husband was thinking. steak? is it her birthday? our anniversary? is it my birthday? i could've told him that wal-mart has these great, genuine steakhouse steaks. they're usda choice and guaranteed fresh. if we don't absolutely love them, they'll give us our money back. and at these great prices, we don't need a special occasion for steak. i could have told him that. but let's just let

bill griffith, change the subject for us. >> all right, trish, something completely different. we're going to talk to our favorite market psychologist and sort of take the temperature of the market right now. is hope beating fear at the moment? but for how long? can we have the kind of august we had in july? >>> also, very interesting now, the battle lines between apple and google now that eric schmidt is stepping down from apple. where does this go from here? >>> and "fortune" magazine out with the top business hotels around the world for business travelers. how many of them are in the u.s., you ask, we'll answer that in "power lunch." >> thank you, bill griffith coming up next, courtroom showdown over michael jackson's estate. >>> jane wells is hot on the case. what you got? >> hey, well, larry, by the way, it's a great fiscal stimulus package for the local media, but talking about money and control, both dispute in the hearing today, and a new player weighs in, who and why after the break. i've been growing algae for 35 years. most people try to get rid of algae, and we're t

but melissa, bill griffith gave us a great lead in here. the reason we're trading water, quite frankly is that we've got the huge auction heading our way. and we will move based on how that auction goes. >> absolutely. top of the hour, as a reminder to our viewers, next, government reporting sales falling sales fell unexpectedly in july and wal-mart raised outlook for the year, but the same store sales missed. that is concerning to a lot of investor. what happens to wal-mart here? >> you have to look under the numbers a little bit. i'm not trying to make excuses for them, but part of the numbers the sales are down is because of grocery deflation. the effective translating the currency on the international side of things. given that, the stocks run a bit and at 51 it's probably going to take a bit of a breather. they are probably the retailer for the next five years that is going to win because of the cost control and the changes they are making in the store. that's the investment and not a trade. maybe you step aside. >> what do you see wit

bill griffith has more in this weekend's business report. >> reporter: the housing bubble got us into this recession, perhaps housing is now beginning to help lead us out of it. new home sales in july rose to the highest level in ten months, up 10% from june. that follows last week's jump in existing home sales figureslus we're seeing prices rise for a second month in a row. the wildly popular cash for clunkers program is over. 700,000 cars were sold with rebate requests totalling $2.88 billion. that contributed strongly to a solid increase for big ticket items as well. two readings on consumer confidence showed some improve. . the index rose markedly from july. university of michigan's final survey was better than earlier in the month but still the lowest point in four months. initial claims for jobless benefits fell by 10,000 but the faltering us post office will office buyouts to as many as 30,000 mail carriers for a possible savings of half a billion annually. ben bernanke for a second term this week as the nation's top banker. the nomination does require senate approval. it is ex

i'm bill griffith. all your business news on cnbc, now celebrating our 0th year. >>> ticket prices are going up at walt disney world. starting tort a one-day theme park ticket h go from 75 to $79. from adults it will go up to 63 to 68 bucks. multi-day ticket packages are also getting more expensive. it comes one day after disney announced its third quarter profit drop, 26%. sports and weather next. stay with u. >>> it was the most highly anticipated swimming rachls phelps beat cover vick. in yesterday's rematch there was a clear winner. keith miller reports. >> it was the race of the year. >> reporter: it was a swimming showdown with the overtone of a prize fight right down to the pre-meet trash talk. >> i'm going to come back and beat him. >> reporter: he barely lost the olympic gold medal to michael phelps in the 100 meter butterfly last august in beijing by a mere fraction of a second. >> i feel like i was there first. >> reporter: today it has him as the underdog. >> he ee going to have the lead at

that is stock in the words of bill griffith. getting caught.it's weaker than expected for earnings. they managed to beat expectations. >> a lot built into that price. >> the stock is not marking time, that's for sure. >> nice. >> stay with me. we're here all week. >> about an hour and a half from now, the cfo who hoped to run madoff's business expected to complete guilty on various fraud charges. we wonder as a backdrop, who else knew what was going on. as it happens, books about bernie madoff is comingly out and we have the authors of two. we give the most points to the title madoff with the money. how did he do this? >> most people didn't ask a lot of questions and it wasn't as complicated as it sounded. he was writing fiction. there wasn't a great skill he 4. he had a lot of low paid secretary on the 17th floor writing things out based on stock transactions. not a very difficult crime. >> did he do it by himself? >> no way that bernie operated this biggest ponzi scheme in history by himself. he is not a mastermind. my research really shows t

"power lunch" at the top of the hour, and here is bill griffith to tell us what's in store. hello, bill. >> hello, larry. coming up, with the fed meeting today and tomorrow, we'll ask the same questions they are asking right now. is the recession over, we headed for a double dip? it's town hall meeting today and you have seen arlen specter's town hall meeting in pennsylvania. the president holds his own in fort smith, new hampshire. could be fireworks, as well. we'll keep an eye on that for you, and count em, three books hit the bookstores today on bernie madoff. we'll have two of the authors, and try to ask all of the questions we still have about the bernie madoff scandle. >> it's the the town over from where i grew up, fort smith, new hampshire. >>> coming up, the stocks you need to know about for the rest of the trading day, larry. and scott wapner with the call to action. >> jetblue shares flying high, and yum brand not so yummy. and have you seen shares of tnba, eeesh. stocks to watch when we come back. >>> take a look at target, ahead, 4.4% from 7.8%, came after ackman

and we have bill griffith to describe what's in store. >> thank you lawrence, very much. it seems to happen every time, about this time of day, doesn't it? you know, for months, we have been talking about strategies for playing the rally in the market. is it time to think about strategies for playing the pullback. we'll look at those. also, steve liesman is again with us today. we're pleased to have him co anchoring. he is going to look at why inflation still does matter in this economy. and first on cnbc, we'll talk with the massachusetts secretary of state, bill galvin will join us. he has rejected an offer of a settlement from one of the feeder funds in the bernie madoff scandal, order to make whole all of the investors in the fund, but he has rejected that. why? we'll ask him at the top of the hour on "power lunch." see you then. trish? >> thanks, phil. coming up, a switch in the scandal of bernie madoff. >> yes, a book author says it's the convicted wind is letter's mistress. mary thompson will fill you in on "the call." all you need is love. >>> schering-plough anno

bill griffith?> larry, we have a board member from whole foods coming on who wants jack mackey out because of the public pronouncement. we'll talk about it and get your thoughts, as well. a couple analysts are looking at the charts and what are they telling about this rally since march. is it over done? we'll find out. and the fdic is about to vote on private equities' ability to buy on banks. further clarification. and pud malacne is with us, the host chef on bravo channel. we'll have that at the top of the hour on "power lunch." >> thanks, bill. >>> up next, california is cleaning house. jane wells, what's going on? what does this mean? >> you know, my brother bought me this springstein album so many years ago. he said you want to hear this album -- i don't think i'm going to sell that. but i'm here all day, the state here all week. up next, take the state merchandise, please. your chance to help us out. after the break.  >>> in a new and fairly creative effort to balance the california budget,

"power lunch" is next, and bill griffith is standing by with what's in store. >> retail sales we're thinking b the mind of the consumer, a couple guests say there has been a fundamental shift in that mind of the consumer, and how they shop. and we'll itemize who the new winners and losers might be as a result of all of that. here is a debate raging on wall street right now. should citi be broken up? we have both sides of that story. and we look at the pros and cons of college savings plans, primarily these 529s that various states offer. good idea or not when saving for college? we'll get to that at the top of the hour on "power lunch." >> straight ahead, a look at the stocks you need to be watching the rest of today's trading day. >> matt nesto, what can you report? >> lar reerks i look at a fight -- we all like to look at a good fight, i'm looking at a fair fight, and also going to be bringing you something uplifting. be right back. >> good. >> love that. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 i want everything right where i can find it. tdd#: 1-800-345-2550 anything that makes trading

welcome to "power lunch," i'm bill griffith.e edged a bit higher on the back of some mixed economic data, which we will tell you about. s&p 500 is back above 1000 at this hour. the financials once again among the best performers. of. >> i'm sue herrer. eddy lampert's investment in the retail giant not what he hoped for. >> and i'm michelle cabrusso-cabre cabrusso-cabrera. the most powerful college football conference cracking down on fans who post their own game video on websites. is this the first shot in a war on social media? >> i'm steve liesman. live at the kansas city fed conference in jackson hole, where central bankers from around the world are gathered here to visit the ghosts of monetary decisions past, present and future. what's worked, what hasn't worked. we've talked to some of the players, and we'll give you some of the trail talk coming up. >> i'm jim goldman, live in the silicon valley bureau. google has been on a steady climb, and despite losty levels, the internet store is at it today. the firm saying google ha

bill griffith, what have you got?'re looking at these fdi rules that want to relax the ability of private equity to buy failed banks. the question is, will private equity step up and buy some of these failed banks? we'll look at that. by the way, happy avatar day,  everybody. thousands of movie-goers lining up tonight to get a 15-minute sneak peek of the new movie "avat "avatar" not out until september. but technology, we're wondering if that's the next big thing for hollywood, and wonder it will bring people into the movie theater ergs. >>> and "new york times" report says for the first time in 30 years, the rich aren't getting richer. is that good or bad for the economy? something we'll ponder when we see you at the top of the hour. trish? >> a quick break. germany's central bank says their economy is poised for a third quarter rebound. so what does it all mean for the rest of the world? we're heading out to jackson hole once again for a first on cnbc interview with the german bank president axle weber, straight ah

i'm bill griffith. stocks are rebounding. concern about china's ability to refuel a global recovery, the chinese market, the shanghai index is now officially in bear market territory, down 20% from its early august peaks. we'll have a look at what that means for your portfolio, coming up. >> and i'm sue herrera, warren buffett out with op-ed pieces saying we need to deal with u.s. debt. can this economy support a long-term rally? >> i'm michelle cabrusso-cabrera, google went public five years ago today. since then, shares have surged more than 330%, so where is the next google? we're going to go searching for the next hot ipo. and here is what else is on the menu. >> i'm mary thompson at global headquarters. in a settlement the irs claims brings dramatic change to the world of off shore banking, ubs hands over 4,450 client account names to the u.s. government as the irs steps up its efforts to combat tax evasion. >> i'm diana olick. commercial real estate brokerage activity falls to its lowest level in 15 years, and as vacanc

"power lunch" is coming up at the top of the hour, and we have bill griffith to give us a rundown. >> hello, larry. coming up as the fed meeting wraps up, we're wondering if we're at a turning point in the economy, and the markets. and whether or not the fed's statement will reflect that. larry, your favorite genre of music, hip-hop, we're looking at whether or not the hip-hop world is calling a bottom to this recession. we'll explain. and dennis kneale checks in live from another health care town hall meeting that will be going on today. we'll hear about the anger that's coming from that meeting and whether or not this is a real grass roots movement or manufactured. see you at the top of the hour on power lunch. >> looking forward to it. coming up next, a west coast showdown between two states jockeying for your business. >> jane wells tells the story from the coast. >> hey, larry, calling politicians monkeys? putting lipstick on a pig? seeing the lengths las vegas is going to to lure your dollars. and i'm not talking bachelor parties or hangovers in the morning. that story after the

. >>> second hour of power lunch continues, i'm bill griffith, stocks sliding a bit. although one of our manufacturers reports did turn out well. >> sugar and soy beans are bit this year of the we'll give you hot commodity plays. >> i'm rebecca jarris, nfl and marines calling war on twitter. >>> one ronald insana, cnbc contributor, i used to hate first day of school, always called me by my formal name. >> i'm sure it was worst for me, my grandfather heard this, every first day of school the teacher would say, does that mean you're insane? don't you have writers. what do you make of the market. i'm told the declines we sewed were the biggest we've seen since july 7th. >> people get nervous about small declines, earlier in the week with respect to the streak.com portfolio i went 100% cash. this is more portfolio protection, i think it's still a bull market. the things should come in. some stocks are getting extremely speculative having run up three or four times their march 9th bottoms. it's a momentum market and any manager as cramer was saying, anybody who missed the

i'm bill griffith. let me turn my microphone on. i turned it off for the halftime report. don't blame the audio guy. he's a terrific guy. stocks hovering around the lows. mcdonald's and merck and 3 m and boeing are among the big losers today. what kind of economy with car companies owned by the same government. we will look at what jane wells called the bizarro economy. >> there is a crisis and there is opportunity. why this is a great time to rent. >> let's do that. hedge funds have been posting the 5th straight month of gains and earlier today on "squauk box," they hosted the hedge fund summit of sorts with the industry's heavy weights and among the power players, lee cooperman talked about the state of the american consumer right now. >> the consumer is wound and i think most of the people i speak to had a transformational experience in 2008. i don't care what strategy we are at, by and large people lost 30 to 40% of net worth and they are squared. >> we spoke with another legend, michael stein hart about whether this bullishness in the market will continue. >> almost w

i'm bill griffith, welcome to "power lunch." sue is off today. stocks surging ahead of the fed's announcement about what it's going to do about interest rates and the economy. we also have results of the $23 billion ten-year note auction next hour. that could be a market-mover. but that's just the beginning, isn't it, steve? >> just the beginning. we're going for two straight hours here, right up until the fed meeting. will this fed meeting be the turning point? we'll tell you what sharkt movers and shakers are telling cnbc about the economy. >> and i'm michelle cabrusso-cabre cabrusso-cabrera, more signs to the end of a recession. we all know what rabini says and what he thinks, but now it looks like the world of hip-hop may be calling a bottom to the recession. here's what else is on the menu. >> i'm rebecca jarvis at global hq. macy's the first of the major re tailers reported results they raise guidance. we'll look at what will drive profits and whether sales are still slumping. did somebody say stabilization? >> i'm diana olick in washington

i'm bill griffith. stocks are sliding for the most part today. consumers, we saw weak sentiment figures out this morning, fears putting pressure on the averages, the dow fighting to make it nine days of gains in a row, the first time we have seen that since 1996 if it were to happen. also, a number of unusual volume leaders today, which we'll get to. aig continues its surge, so stick around for details on all of that, coming up. >> i'm sue herrera, goliath versus goliath, ramping up moves into financial services. we'll tell what you the world's biggest retailer is up to. >> we are pleased to welcome our special guest this hour, j.j. burns, the president of j.j. burns and company, good to see you sir. we'll find out where he is putting his money to work these days and his take on the fab five stocks this week, the fannies, the freddies, the aigs, and b of as. here's what else is on the menu today. >> i'm jim goldman in the silicon valley bureau, another helping of california cuisine, a one-two punch of good news from dell. and intel strength where

i'm bill griffith and mandy drury is spending a few days with us. we have breaking news right now on the housing market. let's get to diana in washington for details. what's the sentiment right now? >> the nation's home builders continue to gain confidence, but carefully and gradually. the national association of home builders survey rose point in august to 18, building on a two-point game in july. the healthy confidence. that said, they covered three areas. buyer traffic and sales expectations over the next six months. current sales went unchanged and rose three points and sales expectations took the biggest jump up four points. the first time home buyer's half credit and the chairman questions what happened after that. will there be enough momentum in light of significant head winds like the credit crunch for production loans and inappropriate appraisal practices that are scuttling a quarter of all new home sales. tomorrow we get housing start that are expected to rise along with permits and signs of recovery in housing. you know where to go. real

welcome to "power lunch," for a tuesday, i'm bill griffith. stocks have been in the green, part of it as a result of ben bernanke getting nod as chairman. and consumer confidence numbers much better than expected. but we did get mixed news on housing, that took some teams out of the rally. and also results of the $42 billion in two-year notes that will go off next hour here. that could move the market this tuesday, sue. >> indeed it could. i'm sue her era, a swine flu epidemic. half the country could become infected. we'll tell you what it might mean for american business and the economy. >> and i'm michelle cabrusso-cabrera. what do some women looking for risky financial jobs, while others choose more stable careers? we'll have that coming up. and here is what else is on the menu. >> president obama has done his part by appointing bernanke to a second term. now it's the senate's term, but leadership aides tell me they have no idea when those potentially interesting confirmation hearings could be held, but bernanke could get as many as 80 vote

welcome to "power lunch" for a friday, i'm bill griffith. stocks sinking fast today so far as investors try to figure out the mixed messages we have been getting on the economy lately. almost all of the dow stocks trading lower, in fact near the lows of the session right now. so don't go anywhere. we're going to put it all in perspective for you here today on "power lunch." >> i'm michelle cabrusso-cabrera. one of the questions on investors mupds have sdox gone too far, too fast? >> and i'm steve liesman. consumer sentiment lower than expected as consumers not up beat by the low inflation numbers the government reported today. plus, why a little inflation could be a good thing for stocks. here's what else is on the menu. >> i'm phil lebeau. another problem for boeing's dream liner? the company says it has a fix, but how do we know this fix is going to keep things moving? the company hasn't even told us what the schedule of deliveries will be for the 787. i'll have the story coming up. >>> i'm diana olick in washington. you've heard about it

welcome to "power lunch" i'm bill griffith. stocks have been fighting to hold on to gains here. the dow struggling to go for a lucky seven in a row. consumer staples have been among the best performers today. we also have results of the $39 billion in five-year notes that are being auctioned off by the treasury. that will be next hour. could be a real market mover. . >> and i'm sue herrera. believe it or not since tuesday, the best six month raly or stocks since 1993. michelle and i are a little uncomfortable with that year. two top technical analysts tell us what the chart is telling them. >> and i'm michelle cabrusso-cabrera. first we had cash for clunkers and now cash for cribs. we'll tell you about toys r us stimulus plan. and why the cup cake is the sweet bottom downturn. here's what else is on the "power lunch" menu. >> if you want to look at the legacy of ted kennedy's work, look at who is the president of the united states right now. the question is whether president obama can now achieve his shared goal with ted kennedy for comprehensive health reform. >> i'm diana olic

. >>> welcome to "power lunch," i'm sue herera, bill griffith is off, carl is here. >> a couple fun hours. >> a lot on the plate. >> hoping the markets are looking good on a monday. >> fifth straight day of upside for the markets. investors are trying to build, as carl mentioned on that market momentum, financials among the big winners. >> i'm carl quintanilla, the great divide, oil prices soaring, but natural gas diving. what is behind the split and what does it say about the economy and the markets? we will drill down on that, the spread to which oil is trading. we haven't seen anything like that in a long time. >> i'm michelle caruso-cabrera. is goldman sachs giving big tips to clients and rushing the rest? we will go inside what is called the trading huddle. here is what else is on the menu. >>> i'm phil lebeau are you clunked out? if you are are you are not alone a lot of dealerships around the country are clunkered out, they are stopping clunker sales well before the 8:00 deadline tonight. what are the implication for dealer stocks? talking about that in a little bit. >>> i'm hampto