did they call a bottom? no. anyway, now people are saying the bottom will fall out again when the first-time homebuyer tax credit goes away. my, that's not why people buy homes, but the reason you buy a house is because you need one and it's cheaper, thanks to bernanke, than renting. it's affordable. do we have more reason to celebrate? sure. just this morning we got a consumer confidence number that i regarded as a thing of beauty, much better than expected. this is a big deal. it's the reason why, for instance, the target and walmart and kohl's has said the back-to-school season is encouraging. did you see that reported anywhere at all on this show? you had to get it from the raw data. now i have noodled long and hard why confidence is up given all the gloom and doom. look at this. here's a guy, double-dip threaten housing recovery in the negative street journal? now, i have one of these eureka moments. the consumer confidence is up, because people no longer read newspapers. of course, only svelt unions 63-yea

bottom two, swisher into center field.y ellsbury comes up throwing, jorge posada trying to score, but he doesn't slide. gets tagged out by victor martinez. an easy out for the red sox. melky cabrera in the on-deck circle. doesn't look like he's telling posada to get down and slide. great relay throw by dustin pedroia. in the top of the third. pedroia going oppo -- opposite field and gone for his eighth home run of the year and his first opposite-field home run of his career. bottom three. derek jeter. deep drive. center field. look at jacoby ellsbury. into the wall to make the grab. but later in the third inning, nobody's catching this one. johnny damon off john smoltz. his 20th home run of the year for damon. his first 20-homer season since 2006. top four. casey kotchman connects. two-run home run. his first with the red sox. they are up 3-1. but in the fourth, the yanks tee off on john smoltz. melky cabrera -- the no-doubter -- three-run home run, his 11th. smoltz tagged. nine hits, eight earned in 3 1/3 -- his e.r.a. is

here's the bottom line. the only way to make sense of this market is by looking at it bottoms up not top down. remember, if you listen to the top down guys you are thrilled that you missed the 45% rally off the bottom in march because that rally was way too risky to be involved in. if you listen to the companies though you would feel like a total chump if you sat it out. as you let the generals tell you what you saw instead of using your own eyes and ears. and if you listen to me, you can sell tomorrow. sell, sell, sell. and lock in some fabulous gains. ♪ hallelujah >> then go ahead and join the nay sayers who say the move is almost over. that's the virtue of catching the big move. you can now denounce the move all you want just like those who hated it from dow 6500 but the difference is you've got money to take off the table. intelligentia? they're just trying to put food on the table. let's go to sue in california. >> caller: hey, jim, got a bay area boo-ya for you here. >> holy cow. commercial real estate

bottom two, swisher into center field.y ellsbury comes up throwing, jorge posada trying to score, but he doesn't slide. gets tagged out by victor martinez. an easy out for the red sox. melky cabrera in the on-deck circle. doesn't look like he's telling posada to get down and slide. great relay throw by dustin pedroia. in the top of the third. pedroia going oppo -- opposite field and gone for his eighth home run of the year and his first opposite-field home run of his career. bottom three. derek jeter. deep drive. center field. look at jacoby ellsbury. into the wall to make the grab. but later in the third inning, nobody's catching this one. johnny damon off john smoltz. his 20th home run of the year for damon. his first 20-homer season since 2006. top four. casey kotchman connects. two-run home run. his first with the red sox. they are up 3-1. but in the fourth, the yanks tee off on john smoltz. melky cabrera -- the no-doubter -- three-run home run, his 11th. smoltz tagged. nine hits, eight earned in 3 1/3 -- his e.r.a. is

they're not up just 27% from the bottom. in fact, in the past month alone a 32% move for the amex biotech. look at the rally just in the past couple days or so. very, very strong. so that's just one area. as we say, you go to health in a handbasket. let's take a look at some of the subindustries, industries that are actually doing very, very well. biotech. facilities. suppliers and equipment. all doing better than not only the health care but also the broader markets. the dogs, the services. the pharmaceuticals. and the hmos. the managed health care stocks. they're all clearly lagging. what's interesting and contradictory and confusing all balled up into one big ace bandage, 3% earnings growth. the only sector actually growing profit this quarter in the second quarter results, but underperformance compared with that. interesting also, 80% of the results that have come in in health care have come in better than expected. so these are my icy hot picks on my board. one from each of the outperforming sectors. affymetrix, intuiti

the bottom of the 6th is under way.hard to impress get more reps there. 90 miles per hour and rushing. >> bob: morgan 2-3 an r.b.i. a bunt. it is a race to the bag. and oh... >> rob: oh... >> bob: narveson let the ball go before lopez got there. and let him to the bag. it's one the smartest we have seen this year. he knew if he waited for lopez and made the through it would be too late. tried to get it by. the lob. the ball and the runner it was bang, bang. >> rob: he owed us one. >> bob: he hacks one foul. >> rob: back to chasing one. get back to work even with two outs here. >> bob: ron vilone back. breaking ball. first strike. mets are batting in the bottom of the 9th. trailing phillies 4-1. philadelphia trying to win to stay five and a half up on florida and atlanta. phillies win it with brad ridge 24th save. 4-1, phillies. they won their 70th of the year. gonzales out on a high fastball. couple of ks and near neo-now has come into the game and pitched 2-2/3. that's for the brewers. vilone coming in. to ride in the

we'll led to the bottom of the tenth. pxopo  >>> we go to the bottom of tenth inning tied at 8. jim johnson did his job. orioles's bullpen the last three innings has not aloud a run. here's hoe says say arredondo to come on. a run in the accepting. but he stranded two runners. no runs in the eighth. baez had three up three down in the mining. johnson three up three down in the tenth. for you it is up to arredondo for the angels to try to keep this game going. orioles win it with a run. >> the orioles saw him on friday night. the first the year where the angels won 10-2. incredible numbers, 55 strikeouts in 61 innings. only 41 hits. he was a set up guy to frankie rodriguez this year with the mets. they sent him out early june? aaa. >>> luke scott will lead off for the orioles. >> then a homerun. luke's 20th homerun was back in the fourth inning solo shot. orioles have had three home runs in this game brian roberts, nick markakis, and luke scott a solo shot. wigging tonight on deck here in the tenth. inside, looked like an off speed pitch. >> that is the book on

the do up bottom 9.ing to win their 67th game of the year, and go to 14 games over .500. the giants in hot pursuit leading 1-0 bottom of the 9th at cincinnati. josh bard first pitch swinging. gets a good piece of it and that ball continues to fly, it's a home run and it's a 5-4 game. josh bard's third home run of the year, the nats score for the second straight night against houston street, and for josh bard, only his 31st career home run [cheering] >> that guarantees guzman will bat in this inning. you see where they want the pitch. it comes back across the plate, looks like a sinker, supposed to be thrown right at the hip, comes across, bard all over it. another sinker down and in. >> here -- here's alberto gonzales. he has hits in 3 consecutive at- bats in this series.   that's a nasty knee-high fastball. >> the same type of sinker he was trying to throw bard. bard jumped all over it. looks like he knew it was coming.   nobody out, one-run game. and gonzalez

bottom two, swisher into center field.lsbury comes up throwing. jorge posada trying to score. doesn't even slide. he gets tagged out by victor martinez. looking around for the baseball, melky cabrera in the on-deck circle doesn't look like he's telling him to get down and slide. great relay throw by dustin pedroia. >> doesn't want to get dirty. >> catchers should always get dirty. in the third inning, dustin pedroia -- gone, his eighth home run of the year, first opposite-field home run of his career. bottom three, derek jeter. deep drive. center field. look at jacoby ellsbury. that's getting dirty, yammer. sliding catch at the base of the wall. but later in the third inning, nobody's catching this one. johnny damon off john smoltz. 20th home run of the year for damon. his first 20-home run season since 2006. casey kotchman connects. two-run home run. his first with the red sox. they're up 3-1. john smoltz gave it all back in the fourth. melky cabrera. the no-doubter. three-run home run. his 11th. smoltz lit up -- nine hit

grand slam back in the bottom of the 3rd.at nats could not hold them down. >> never say die attitude tied the game up. the bullpen was in the able to hold it. >> brew ares 11, nats 9. for rob dibble and debatey taylor. we'll see you tomorrow. we'll start at 1:00 with nats extra. this has been a presentation of masn. stay tuned nats extra next. johnny holliday ad ray are here. jim riggleman made an early exit. so long for just a while!   >>> you are right, the 16 base hits, 11 runs on 16 hits. they climbed out of a hold to tie it and then they put on a run. and nats extra post game. johnny holliday with ray knight. we take a big deep breathe after a long night of baseball. and the nats are now in a funk. dropped five in a row. it is tough to put your finger on it. >> ky do it here. i'm on top of it. the last four starters. 1-3. and 1.2 tonight. and 6-2/3 for martin. you cannot it will in the happen until you get six innings out of the starters. it seems like it's the bullpen's fault. it's not. you cannot expect

bottom of the 6th inning. two on, two out. nationals on top 8-2. ronnie belliard has two rbis today. the biggest two of the game, really, turning a one-run, bottom of the 1st into a three- run frame. he walked in the 3rd, grounded in the 4th. >> rob: come on, make this guy pay for hitting the hammer. >> bob: they play belliard like a hammer. nobody cheat on him anymore. i mean -- every one of those guys is deeper than the kind of spot we see in the grass spot in the month of august after the grass starts getting pounded by the sun and the conditions here on a daily basis. all three of them are beyond those spots. they play a regulation hitter. there's mike cameron behind that bare spot. the ground spot will take care of and it have it greened up when the guys get back but these field take a beating this time of the year. from rain to extreme humidity and sunny conditions. they have to keep the dirt infield hosed down at times to keep it from turning into a rock. 3-0 and belliard -- villanueva having a hard time finding the plate. the generous strik

bottom third, jeter, went high.e catch at the while while sliding into the wall. one more look. and it liked like it would be a pitcher's duel. yankees up 1-0 here comes damon. and the floodgates open. ties the game at 1-1. top fourth, came score. kotchman out to right. boston showing the dominance. in the bottom of the fourth, the yankees down 3-2. it opened up. melky cabrera, deep to right. smoltz out after giving up eight earned runs. bottom fourth, posada, crushing this one to left center, making up for the mistake. 9-3 now. yankees up 13-8. pedroia. he gets drilled. the yankees win by seven. for joe girard dis, the fourth was the charm. >> a nice inning. i'm not going to lie to you. a nice inning to put together and big hits from a lot of different guys. it was an important inning and gave us a cushion. >> definitely better to be 1-8 than 0-9. those are eight games we can't get back. we played all right. we talked too many guys, but we swung the bats okay. >> things were looking okay until the forth inning. the

bottom eight. three double play, mccutchen ends the night. not bad, though.y national league lead-off hitter in the last 55 years to have three home run and six r.b.i.s in the same game. the first pittsburgh player with three home runs since ramirez did it in 2001. outfielders, how about this. mccutchen becomes the third pirates outfielder to hit three home runs in a single game. >> it was a great night. i mean, it's just one of those nights that, i g mean, it's just like i'll -- i know i'll never forget it. i'm just shocked by what happened and what i done. it was just an amazing night. >> i tell you what, we had a shot in the dugout after you hit th te third one. i think you got the shaving cream last time. i think you're safe this time. we had a shot in the dugout. and i don't know, tell me which one you werete excited about. the reaction, the curtain call from the fans, or the reaction to your teammates because that was outstanding, too. >> i just have to say everything. everything was just fun. i mean, and the curtain call, what i did today, through the

is the bottom in? >> i think the bottom is in. >> really? >> i've said it before, i think the centex merger was a watershed event. you had two guys with strong balance sheets coming together. they didn't know exactly when it would bottom, but we've been seeing now not just one piece of data. we've been seeing several months of positive data coming in. so, i am long centex. i actually think the bottom -- >> i think she's on to something here. my hedge funds feel the same way. the permanent bears are always going to be bears. these guys feel that the bottom is in, we're starting to firm up. mutual funds have been there, obviously, because they're not short, but the hedge funds are starting to see -- >> the hedge funds guys, were they short these names at some point? >> definitely. the last couple days, when the gdp number came out, it clicked off. they were shorting it every morning trying to break the market's back. they couldn't break it -- >> part of the short-covering rally? >> i don't think it's all short covering rally because the mutual

they're show improvement on the bottom line. over the next two years it plans to cut $4 billion in annual costs. that's a lot of bread. analysts are expecting 23 cents a share in earnings. forget about it. the analysts were r. asleep on this one. the company's going to earn 27, 28 cents at the earliest. >> but that's the point david's making, maybe they do beat on the bottom line. the fact is how do they get there, cost cutting, not necessarily end market demand. that's the point david just made. >> exactly. and the company, its revenues aren't going to come back in a while. the only steady part of dell's business right now has been government contracts, and a year from now that stuff's going to dry up too once people start realizing there's no money left in some of these states. so i think what you're looking at right now is a company that's going tore more of a revenue growth story and not an -- >> bottom line do i want to own this stock? david you don't own dell right? you sold it or you're not going to commit any money to it

they beaten ot bottom line. it looks to be a little bit soft on the top line due to some revenue constraints due to the foreign exchange. michelle? >> thank you. here's a look at some of the other business headlines from today. senator chuck schumer says the sec chair mary schapiro told him a ban of so-called flash trading is imminent. but then later shapiro said no ban is imminent because any proposal eliminating the practice first needs to be approved by the commission and then made open to public comment. so it's clear they've got something working here. they will think flash trading is controversial because it allows some traders to see buy and sell orders milliseconds before that information is made wider more publicly available. as cnbc's david faber first reported, pepsi is buying two of its biggest bottling for a total of $7.8 billion in cash and stock. pepsi had originally offered a combined $6 billion for both companies back in april but rejected because the bottler said the bid was too low. pepsi says

so i think we're in a bottoming area. i don't know if we've reached absolute bottom. >> what sort of outlook do you have for the dollar? just yesterday i was asking some guests whether we've entered this new paradigm for the dollar where we see it strengthening not as a safety play but in fact on a recovery play. >> well, my view is the dollar is on a slow downward glide path. >> you still think that. >> yeah. >> but the amplitude or the slope of that glide path is really determined by what's going on in the yen and the euro. and they're in tough shape, too. but as long as we're borrowing as much as we are abroad i think there's going to be pressure on the dollar. we're running big trade and budget deficits, and that's not good for the dollar. >> you haven't determined where you're going to put some of blackstone's money to work yet, but if you had to give investors advice today on where to put money to work, what sectors do you like best? >> well, i like energy because i think the price of oil's going up. i like oil serv

we will be along the bottom for a long time. and whether we ever see the boon times in housing like we did? i don't think we want to see the kind of boom we saw in 2005, because it was artificial, detrimental and came crashing down. faulty mortgage products. you want to see steady appreciation, you want to see a healthy housing market. that's not going to happen for a couple years. but we don't want to see that kind of spike we saw in the last couple. >> go, diane. fr b. is not in my vocabulary. >> but for years and years, housing was merely a place to live, a safe, steady investment. it usually rose a little better than inflation, never like what we saw in 2005. and, you know, you're right, diana. and you're right, larry. thanks so much, sherry. we appreciate you being with us today. melissa, to you. >> up next on "call of the wild," the clock is ticking for bailout companies, tomorrow is the deadline for them to submit compensation plans to kenneth feinberg. >> should guaranteed bonuses be allowed? big question. we're going to

we've had a great run from the bottom. i think we settle in for both large and small for a while. >> you've got a nice combined look at things in the portfolio. what do you like in the large cap area? then i want to switch over to small cap for a moment. you're a large cap guy. >> large cap lagged a little bit. to make up for it with the market settling in here with the outlook improving, we're buying the larger names. i think that goes up 50% in the next six months. >> 5-0. i think yahoo! which reminds me of ebay. everyone who hates it has a price target of 17 to 20. stock's at 15. that's another higher bate kind junkyer quality name whose business isn't broken. >> what's going to boost yahoo!? everybody thought it was going to do a deal, $31 was too low. what's going to be the cat lit to get it moving. >> like ebay people will recognize the value of al by baba $3 a share, improving display business and search which is being taken over by microsoft. i think it's a sentiment trade. sentiment improves for it. >> laurie, wha

they're looking t bottom secon kemp. that's an upper-deck home run. 449 feet. 18th homer of the year for kemp. bottom third, still 1-0 dodgers, the fly to left.on look at this -- how much. he chases it and makes the running catch, crashes into the wall. fence.ants into the and he would be okay, though. top nine, 2-0, dodgers last chance. for the cubs, two on, two out. groundout to third. 2-0, the final. third straight victory for l.a., the n.l. west leaders. he got his first win since september 23 of 2006. cubs managed five hits in the loss. >> no one's claiming this is going to be easy but florida does not have a rematch with the one seed of a year old, ole miss, or the next highest ranked sec team, alabama. the a.p. calls them number one. here's the coach, urban myer. >> it just means that we're humbled that we've received that many votes. and, however, we have a pretty smart team here and we have coaches and that will not impact anything we do in our program. it means we have some very good players and we finished str

here's the bottom line about bic lots. even though b.i.g.eap merchandise, a lot of its discretionary tied to housing, which is why it's in the running for discount king, and at the very least, it's discount bishop or discount rook. john in carolina. john? >> caller: hey, jim. big unc wilmington see hawk, b, b, b, boo-yah! >> holy cow, man. unc rocks and your branch rocks and i'm loving it. >> caller: i was wonder what you thought about ruddic incorporated, rdk. they operate harris peter, the grocery store chain and the textile company and i wanted to know if you think american holds the stock back and the xenl growth for the grocery store chain? >> john, you just answered the question yourself. every time i looked at this company, i decided it was a curious hodgepodge, a strange add mixture of companies that if they separated them out would be worth more. john, if you can find out whether they're going to separate, then you got a real winner. right now the pasties is not my cup of tee. even though i had a bad experience in my big lots, and i

i think it is safe to say that we have hit some sort of a bottom in our economy and that the bottom maybehind us, but it is hard to say we will have a very strong recovery in any short time frame three and there, i think we still have to wait and see, and there still could be some tough times ahead -- in any short time frame. there, i think we still have to wait and see. tavis: is there really a recovery is the everyday people do not feel it? >> of course, unemployment is the key indicator for so many people out there. when you lose your job, more or less, nothing else matters in terms of your ability to live a life that you enjoy, and right now, we are still looking at a loss of jobs in the economy. that has slowed considerably. the last unemployment rate last week in showing some good signs on that front, and we may get to a point some time where we see no more job losses, but, that being said, you are talking about 15 million people being out of work, probably closer than 18 million when you consider people who are no longer in the hunt for a job, -- probably closer to 18 million. pr

>> yeah, probably the bottom. i probably marked the bottom in the housing market. >> all right.ere we go at the big board. actress, sing, and songwriter, jill hennessey. >> and at the nasdaq, whole foods markets, ticker wfmi. store in manhattan. >> one right near me. i love it. fabulous. all right. our market reporters are standing by at the new york stock exchange, the nasdaq, the nymex, cme group. let's start with bob pisani down on the floor. bob? >> hello, melissa. durable goods didn't really move the market even though it was much better than expected. maybe new home sales at 10:00, prices have helped. the big store roift morning is what they said in china. aluminum corps of china had a poor report. aluminum prices have been weak. demand is poor. it's what they said about the chinese government that is interesting. actively buying aluminum from march to may of this year. what happened at that time? that is when the market bottomed. march through may, aluminum prices went up dramatically. copper prices went up 60%. maybe they are recognizing they have a bit of a glut on thei

we are looking at wall street in the bottom box.e begin in washington with dan springer. >> it is a busy lumber yard. let me introduce my guest, ron smith, the president. you were painting a bleak picture about the industry. perhaps no other industry is harder hit by the bad economy and lumber. what is going on now? >> we are not laying off anyone else now, but at the same time we took wage cuts. it feels like the market could be at the bottom. when we think the market is coming back, it dropped off again. in the past few weeks, everything seems to be getting better. pending home sales was better. that gives me encouragement, it helps. we will see if it continues. >> we are seeing an interesting trend in the size of homes. for the past decade, homes have been getting bigger. what about now? >> i think people are looking more closely at what they can afford. builders we come to say that they are building houses that are about 10%, a 15% last square footage. >> so houses are actually getting smaller? >> it seems like it. that would af

bottom three. brad ausmus the fly to left.rab that net and catch that beautiful butterfly. the cubs end up losing 2-0. knuckleballer charlie haeger wins for the first time since september 23rd, 2006, when he pitched for the white sox. his second start since coming off the disabled list. lilly loses for the first time in his career against the dodgers. >> yanks spanked the red sox 20-11 friday night. a.j. burnett a different story saturday afternoon. kevin youkilis 3-5, two homers, six r.b.i.'s, big papi 2-4, a homer, three r.b.i.'s. that's his 20th of the year. eighth straight season where he's hit at least 20. burnett a contrary high nine burnett a career high nine home runs in five innings. home runs in five -- nine runs in five innings asking "why, why do you throw that?" junichi tazawa -- remember, he was the pitcher who gave up the walk-off homer to a-rod in the 15-inning game. yanks 0-9 with men in scoring position saturday. they were 15-25 in those situations friday night. >> afterwards, jorge posada and a.j. burnett we

bottom of the fourth. let's go mr. ovechkin back in town and then t-plus can see how hard he hits the puck. ronnie belliard! see you later! number three for belliard. three for the nats tonight. a 4-1 lead over the marlins. >> rob: ronnie belliard, boy, do i really swing hard. >> bob: ronnie belliard, his 106th home run. >> rob: last night, he hit as you said, a breaking ball as hard as we've seen him hit a ball this year. maybe that got him a start tonight. maybe not. i'll tell you. this guy, he's a veteran player. i've been watching him run the cage the last few weeks hitting the ball and hits the ball as well as anybody on this team. >> bob: here is wil nieves. the nats, three homers tonight. one last night. they hit 103 this year. that's only three fewer than the power-laden marlins have hit now. >> rob: it's not easy to play sparingly especially at this level. the guy has talent still. >> bob: ronnie appears to be on some sort of second half drive here to prove himself offensively. got his batting average over .20

we're seeing margin improvement really benefitting the underlying growth and the bottom line in the second quarter, and we think it will be shown in spades in the second half of this year. >> later in this program, regular contributor stefan abrams will talk about a potentially explosive profits rise that will spur new bull market stocks and economic recovery. first up, the key story, the stock market is waiting for this. we'll talk to your friend, joe, of deutch bank who has the most bullish estimate for tomorrow's all important market moving jobs report. the consensus is predicting 325,000 dropped in non-farm payrolls. goldman sachs lowered its estimates to 250,000 decline but our friend, joe, has lowered it to 150,000 drop which is a dramatic call, if correct, will undoubtedly spark a dramatic stock market rally tomorrow. first, we bring in joe, who is chief u.s. economist at deutch bank. give me the bare outlines of your dramatic call, only 150,000 long. >> thank you. the call is at economic reflection points. the trend in payrolls tends to be significantly larger than we see in jobles

bottom of the seventh. pie needs a single and a triple for the cycle. he hits it in the hole at short. and eye bar makes a nice throw but speedy pie beats it out for the infield hit. he is a triple shy of the cycle. and later in the seventh. o's up 14-5. pie up again. you know he is going for three if he hits it in the gap. and that's what he did. he drills it to right center. and pie puts on the after burners, he gets to third. easily. to become just the fourth oriole to hit for the cycle. and orioles pound the first place angel 16-6 to take game one of the four game set. >> ravens have starteded off on a good note. shutting out the washington redskins last night. 23-0 in the opener. joe flacco and the starting offense drove the ball well. but ended up leaving it to kicker hauschka to get the six points. back up qb smith able to connect pot team's first touchdown. ravens top defense, in top form. we saw several of the newest ravens get their time in the spotlight. overall, a good night in baltimore. and coach john harbaugh sees this as a good sign for

>> it has bottomed, but the problem bottomed at such a low level and declined for so long, it is in a deep hole it won't climb itself out of. i do believe it has bottomed, but it doesn't mean much of a bounce going forward. for some buyers going back into the market, and some buyers bidding on homes, and still a lot of foreclosures, so it is still a buyers' market for some time to go, but it is adding to growth in the second half of the year after four years of taking away from growth. >> mike cuggino and diane swonk, thank you for seeing you today. >>> and now, coming up, are we better off than we were a year ago? and that is what authors and business leaders are talking about in their own words. >> you have credit coming in and residual values strong, and used car prices are quite strong, andle is of the traditional leading ind kicators are flashi green for the industry, so while the impact of the cash for clunkers stimulus would go away when the program goes away, is the fundamentals a of the market beginning to recuperate. >> there is a lot of risks ahead, and the markets are tigh

and battling in the bottom of the 9th inning.n out hit in the ball game, 12-9 [cheering] again the 3-2 delivery, jones will fight another one off. since he's thrown everything the question now, what do you think he can get him out. with he's seen all the pitches. >> jim: in the back of his mind what do we want to do. it's a 4-run lead and markakis, you want to get him out but don't want the walk him. >> gary: don't walk him. >> jim: he has good swings you get an idea, 89, 90, quicker than that because of deception for fuentes. >> gary: 3-2 the count. runners on second and third. jones, in the air to right field. abreu backing up and this one is in the books. and the 4-game series is evend up after two. 5-1 win lackey the winner 8-5. matusz the loss 1-2 and opportunityes with the save -- fuentes with the save. coverage at 1:00 with o's extra and the game at 1:30. for jim palmer. amber theoharis and our crew, i'm gary thorne.   >> the angels win tonight b final of 5-1. o's extra prented by verizon. this was a g

self-deprecating, lemming me raefr to the bottom, but now -- >> i'm proud of my bottom. you can do both. special lease offers now available on the 2009 is 250. >>> hi, folks, attention shop, maybe i should say welcome back to "squawk on the street." i want to draw your attention to another retailer today. check out big lots. number one perform, number one gainer in the s&p, up 8.5% here today. also in the russell 1000. their payrolls went down, ad costs went down, profits went up. market likes t looks good it's all work iing for big lots righ now. >>> harman came out with a smaller than expecting loss. they think that stock is headed to $44 a share, nice move from these levels. another retail earnings sherwin william, down about 1% today, one of the few declining retailers. i checked the retail index and all 35 members were higher including staples. that turned positive. it might tick down. but equal weight to overeight in morgan stanley and ruggle 1000. >>> bank of america, yes that low hit in the spring, up almost 400% in that time frame, that means it has quintupled,

but, yankees, with a 9-4 lead, bottom of the 5th. make it 10-4.ow, 11-4. the yankees, ahead, as you see, a lot of homeruns. cabrera, 7 rbi's. and pedroia, and kotchman, with homeruns, for the red sox, yankees up big, only in the bottom of the fifth. >> hello, welcome to "espnews,"" we always help you stay current with the latest news, andghts a. i'm maghts. i'm markrk morgan.'ll upda we'll update you on the the yankees-red sox showdown.. but, we teeoff in the inidgestone, tiger and phil,els both in action.n. >> woods has won this event six times.times. phil, playing for the first time since the u.s. open. phil struggled, and chipping from the rough. doesn't get a good piece, andino then, misses. double-bogey for phil. and then on 18. that was for par. p another bogey. a plus-3, 38. but on the back nine, he gets it going. third shot on the par fivear-5 second hole. nice. he would make the birdie putt.e- and then, on number 7, that's a birdie. bi a three-under 32, he finishes at fi even par. t shot of the day, els. second shot, first hole. 137 yards

certainly from the bottom in march. but with stocks losing some of their recent momentum the dollar has been mounting a bit of a comeback. we had robert prechter on earlier talking about the dollar making a bottom and beginning on a new rally. how stru is that? we'll look into it. are investors starting to abandon stocks in favor of the greenback? joining me is tony dwyer, equity and market strategist with ftn capital markets. along with jeffrey davis, chief investment officer with lee munder and cnbc's own rick santelli. what is the sentiment as relates to the dollar down in the pits? >> well, i think the sentiment is this, that they believe, traders, that many of the medicinal issues at stake in how the world economy's going to recover aren't going to be dollar-friendly. but the equity correction we're seeing is dollar-friendly, and that is what they're concentrating on. they're not really as bullish the dollar. they're just quite bearish from these levels, the bounce that we've experienced the last month and a half i

they lost at cincinnati on a walk off homer in the bottom of the 10th. lead the marlins by three, the braves by four, in the national league wildcard.   jim tracy, 49-25.    since taking over. but jim tracy would tell you "no, bob, my players are 49- 25". he is the ultimate behind-the- scenes not out front type of manager. that suits them well. >> rob: goodman though, fundamentally sound, like jim wriggleman, quiet. >> bob: troy tulowitzki. if adam dunn takes cares of this 1 or 8 or for the series. 4 of 8 to start the series. >> rob: both managers only get loud when they have to. and that means if you're not playing well like the nationals did that one night they made four errors and they had a closed-door meeting to figure things out.   . >> bob: brad hawpe steps in hitting .304.   this is sort of interesting. i was told by some colorado personnel last night that the general manager candidate the nationals

bottom line, the bottom line is hedge fund traders love this environment. we're going to trade sideways. i think a reasonably tight volatility band. >> give us an example long-short. what are you doing? >> look at deere today. deere came out with good numbers at least they beat. they got to the fourth quarter that wasn't going to be so great. you had the chance to sell deere or come in and short deere and you buy caterpillar. the reason i like that trade is i think caterpillar is much more exposed to the global economy. they get 65%. making machinery for the markets in china. and these guys are outperforming. you can do some trading and find your very inefficient information flow playing in to these stocks. >> do you buy the fact that we should believe china is the canary in the coal mine? that's what took us hostage for the first half -- first half-hour of trading or so. first hour and a half of trading, whatever you want to make of it. >> it's a great question. i do think we can no longer ignore china. sometimes the older generation, which i include mysel

are we at bottom or better than that?certainly see a leveling out and most of our products and some slight recovery in others. we make office papers and label papers and packaging products and all of those will see nice growth. we are cautiously optimistic about the future. we have containers which is an estimation. labels which could be what are people sending. lots of things it could be an indicator of. does anything stand out? >> a stabilization in office papers which is driven by white collar employment and as it recovers, so will office papers. our packaging boxes are largely driven in our case by demand for foot productions and that continues to be strong although the makers of the foot products people buy have changed. they get package and we see a recovery there when the economy pulls up. it's very much driven by economic activity and packaging demands. again, as the economy bottoms out and recovers slowly and faster, that will do well for us. >> president and ceo of boise. the communications, you will find out wh

people in the news keep talking about a double bottom. qul look at my chart, i see a double bottom. i see a bottom in october and another one in march. and i feel like we're good to go. i don't know whether to -- and then they talk -- some people go farther and say there will be a 10% krekcorrection and i say we that already. >> the 10% correction, i'm going back and forth. my friend doug at realmoney.com, he's saying nobody is sure. he's looking for the market to go down. i like your bottom thesis and i think we may have rolling corrections per sector, but this market, i don't think is ready to plummet at all. if anything, i would put the odds that it goes up more than it goes down. you know, tomorrow's unemployment, i can look bad, i think we could get hit. i say we go right now -- we go clear across the country to paul in oregon. paul? >> caller: hello, jim cramer. a first-time, long-time since day one time boo-yah to you. >> we love it. what's up? >> caller: hey, jim, some education please. are we witnessing the early stages of a period of panic buying in the stock market? if so

we just reached a bottom.s of levels of gdp, it will take until 2013 to recover the same kind of level in gdp. so, you know, it takes some time. don't get too euphoric at this stage. >> are you expecting positive growth in the current quarter and beyond? is there a constant trajectory, positive growth? >> we expect all the early indicators show that positive is likely to be positive in the third quarter, and actually, our projection for the whole year, 2010, may be slightly rised upwards in our next projection. but it's too early to really say that it won't be a bumpy road ahead. >> with central bank, talking about positive growth and trend growth when is the return in your forecast, and how fast the economy should be growing under normal circumstances? >> actually, we have revised down our trend growth perspective. >> right. >> so it's unlikely that even within the next decade we'll return to the kind of growth rate we have seen over the last five or six years on trend. of so trend growth is slightly down. an

plenty of time gary mentioned the bottom of the 7th inning. and the lineup over and izturis has a triple. markakis has two hits, including a double. making adjustments to the hitting approach. he moved his hands further away. always been very active with his hands. >> gary: and the slider again 1- 2. that's about the biggest slider that you will see. that's a true slider. and going side ways on the way to the plate. 1-2 delivery on the way. back inside a 2 ball, two strikeout. >> buck: that's a thing that you can do with the side arm delivery. and throw the breaking ball. use the inseem inside. side arm delivery. inside off the plate. >> gary: 2-2, wigginton. and the count is 3-2. orioles down here by a score 4- 2. and find plays made by cleveland. and including the double plays. a strikeout recorded by smith. only three strikeouts in the game 1 each for the three for the indians. , this is tough. you can see where it pulls off. on the other part of the plate. >> gary: 2 down. chad moeller. single and a sacrifice. playing in a that will be ins

s the recession over, has it bottomed out, mr. summers? >> most forecasters are now looking at growth and output in the gdp over the second half of in year. they are looking for it because they see that inventories are way down and businesses have to build them up because they see some increase in car and housing, sales, because they mo that the recovery act is going to gain force. but they also recognize as we do, that it is going to take time before a gains in output -- yoyou never will get gains in employment without gains in output, but even as output increases, it is going to take time before the number of jobs starts to grow. >> so we can't be satisfied with where we are and the economy is not going to be back to normal for quite some time, our problems weren't made in a month or a year and they are not going to be fixed in a month or a year. >> and i come back to this. we used to be six months ago, when the president took office, we were talking about whether recession would become depression. today, we are talking about win the rec

the interesting thing now, though, is that the discussion is about how everybody moves this bottom up, and in particular, the expanded black middle class, what responsibility they have to actually kind of address this issue. >> what do you hear on a day-to-day basis, when you talk to your callers, in specific, warren, from across the country? what are you hearing from them? >> they're disappointed. they're upset. but one of the reasons that they're disappointed and upset is because they're understanding that now there's a time for them to be accountable and really not just say the word being accountable, because right now, we see what's going on in america, but we're not stepping up to the plate. we're not saying, look, we don't want the drugs in our community. we're going to push our kids to go to school even if we have to beg, borrow, steal to get them in school. see, we can no longer use the crutch of the government. we can no longer say, government, come and save us. the government is not our daddy. we have to take the bulls by the horn and say, look, we know what's going on. we'v

here's the bottom line.se banks, for better or worse have been declared by the bush administration and now the obama administration as too big to fail. they are a business. if they are going to perform a service for you, for you know, busting up a company, doing whatever they are doing, they deserve to be paid a fee. if you want them in business and you know, it is the policy of the obama administration that they want the firms in business and making money. the question is, and this is what i don't understand from either liberal academics which the professor might be or might not be some of my liberal colleagues in the media, is why there is not more condemnation of the current administration for allowing these firms to rake in fees or exorbitant fees -- the obama administration is an 80% shareholder in aig, correct? >> so you're saying they obviously -- >> why aren't they squeezed -- why is goldman allowed to take risk on the government's dime? which is what they're doing. this is the administration that's

the twins twin in the bottom of the ninth. delmon young, a four-hit night and twins come back from down 6- 3 in the sixth to beat the orioles 7-6. a disappointing game for the orioles. they let this one get away. so, minnesota gets to mickolio after two outs and nobody on in the ninth. and they get the winning run. tough night for felix pie and minnesota wins it 7-6. would he invite to you join us again tomorrow. more o's action the -- more o's action. jeremy guthrie will be on the mound going against nick blackburn. coverage on masn 2 at 7:30 followed by game coverage at 8:00. buck martinez and wjz's mark viviano, jim hunter saying so long from the metrodome in minneapolis. tonight's telecast has been a masn presentation. a lot to discuss and dissect in this one. back to the studio "o's xtra" now tom davis and rick dempsey. >> "o's xtra" post-game. the orioles just lost on delmon young rbi single. minnesota 7-6 over the orioles. when you look back at it, it's the first time minnesota was on top in the ballgame. they had so ma