joining us now is brian sullivan, ceo of ct partners. guess the bottom line is here, brian, how could he possibly get away with, number one, not exactly saying why he's sorry. he's not saying what happened, why exactly the padding of the rosie mae ended up in the company's filings. we didn't learn anything at all about this except that he regrets that it happened. >> well, that's right, mandy. and unfortunately, this is a rather embattled company that's on everybody's radar screen, and it's highly touted. we go back three years ago, and this was the same board that turned down a $48 billion offer, which the current market cap is a third of that. and then they hired a big huge search firm with so many conflicts, they put in a ceo that lasted 2 1/2 years. then they hired the same search firm again that had so many conflicts. they said, oh, by the way, we can't talk tom of these executives, what about this guy thompson? oh, boy. can't talk to him. you know, he's a client. but had a staunch stand up behind him, oh, yeah, he's been vetted, he'

i am brian sullivan in for larry tonight. and as you know, larry is not only a tv mega star, he is also one of the biggest names in talk radio. so while he is away, we have asked some of his big name radio colleagues to help out. from l.a., but nationally syndicated, dennis prager joining us. maybe he can help figure out what is wrong with my angels and albert pujols. but that's later, dennis, if ever on the show. your top story tonight, moments ago the president was questioned about the bane of his campaign, his attacks on private equity, as well as his attacks on mitt romney. take a listen. >> the main basis for him suggesting he can do a better job is his track record as the head of a private equity firm. and both the upsides and the downsides are worth examining. >> so question one this evening. why is team obama throwing everything at the wall to attack mitt romney and his business experience at bain capital? this week ace attack ad hits romney on american paper. but is it backfiring? even friend and democratic star newa

the largest equities option exchange, i'm brian sullivan in for melissa lee tonight. we'll be all over facebook in a second. but while you're watching the biggest ipo technology of all time, a curious thing happened to the overall market. it sank, and it's now posted its worst week of the year. is it a danger zone to stay away from, or is it a huge buying opportunity? let's get in the money and find out. and dan nathan, what has you the most scared or most opportunistic about the math? >> what would make me nervous is the selloff has been very orderly in the last few weeks. in other words, we haven't seen panic situations. it leads me to believe the smart money, the fast money, the hedge funds are well hedged, and then we're waiting to see what some of the dumber money is doing. i'll call it. the mutual money. they're going to be the ones selling it on the first down 2.5%, 3% day. >> most of the comment i got this morning is that the market was oversold going into today. >> correct. >> and it looked ripe for a bounce. why did we not get that. >> wait a minute. you've

brian sullivan, the other brian sullivan, chairman and kre o, michael, brian, thank you very much for us. michael, you say this is a total calamity, but what would you have done differently? >> i would have sold the company a long time ago. i don't see any future here whatsoever. you have a broken company. you have a company now without a ceo. you have a company being run by an activist investor who likes nothing about this business. he's putting people on the board who know even less. this is a terminal situation. >> brian -- i'm so used to calling everybody anything but my own name, but, brian, do you view in as terminal, ugly, obviously disastrous? >> there is no doubt with the way the search firm interacted with the ceo. it is a fiasco. i don't know if it can be confirmed through the operating basis or not. but board has got to get tlir arms around getting a search firm if they are going to go that route that has access and did get the right person in place and get this ship righted again. >> clearly, a different search firm from the one they used owe rid originally to get this gu

i am brian sullivan in for larry. thank you for watching.reat night, everybody. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ♪ ♪ ♪ [ male announcer ] the tight-turning, space-saving, eco-friendly smart. escape your stuff. ♪ sadly, no. oh. but i did pick up your dry cleaning and had your shoes shined. well, i made you a reservation at the sushi place around the corner. well, in that case, i better get back to these invoices... which i'll do right after making your favorite pancakes. you know what? i'm going to tidy up your side of the office. i can't hear you because i'm also making you a smoothie. [ male announcer ] marriot

i'm brian sullivan filling in on "the kudlow report" 7:00 aen.c. you know, a big part of it for us is that there isn't anything on the schedule. [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. see your lexus dealer. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. welcome to the world leader in derivatives. welcome to superderivatives. >>> it is time for the lightning round! and then the lightning round is

brian sullivan? >> john paulson showed a stake in sarah lee. they showed a raise stake and know they are splitting up. is he buying and companying it? some other smart guys are. >> you know what? he departed. >> he's quick. >> she is. that's how he turns it around. >> here moves about freely. >> a couple of things real quick. the exportation of l and g is the viable trading thesis and think when you look at europe and what successfully has been done in ireland, don't think the same will happen in spain. they have to recapitalize the banks. >> we will show you how to trade one of the biggest meetings of the minds. if the heavy hitters got ahold of the conference and if you should bet alongside them this year. >> the term synthetic doesn't belong in the same sentence with the word bank. it should have some kind of mechanism that separates the federal safety net from high risk trading. >> first quarter earnings, two cents versus one cent 8 share seeing the heaviest volume since the first day of trading. are you expecting qe 3? >> they are printing

all of that after the break. >>> welcome back pop i'm brian sullivan.now ousted chairman of green mountain roasted is more interesting because according to a filing he has sold all his krispy kreme stake. he had about $8 million shares stake in if krispy kreme. he dumped it all overnight at about $6.15 a share. so bob stiller has now zero krispy kreme. he had $8 million shares a few days ago. the stock not reacting. maybe more of a story around green mountain coffee ousting him and why he's selling, is he raising money? either way, we'll find out. more of the story i'm sure coming. >> it's been interesting to watch it so far. >>> let's get to our capital markets editor gary kominsky, otherwise known as s.a.l.t. it sounds like he had one heck of a taken dinner last night. >> good morning, carl. again, i don't know if it's deja vu or the fact the conference is he'll the first couple of days of may. it feels that the third year in a row all the negative out of yup, all the negativity associated with did we already top out of the s&p. the first couple of ho

another market flash from brian sullivan. >>> two pieces of news, both in retail.ter earnings fell. stock is down more than 3%. carl, i think this is a huge headline. i was just in singapore about a month ago. i did an economics piece, 2% unemployment, blah, blah, blah. practic procter & gamble is going to move its skin care division from cincinnati, ohio, to singapore. again, from the journal. you're based in cincinnati, congrats. we're moving to singapore. that's a heck of a move and shows you what's happening in asia right now. >> that's a bit of a culture shock going from the midwest to that part of the world. >>> coming up, phil mickelson will join us along with pga commissioner tim finchem. ♪ [ piano chords ] [ man announcing ] what we created here. what we achieved here. what we learned here. and what we pioneered here. all goes here. the one. the accord. smarter thinking from honda. what happens when classroom teachers get the training... ...and support they need? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil

i'm brian sullivan. america, the beautiful. in a sea of red, we, we america, are we an oasis, an investing paradise? we'll show you the numbers that say a definite maybe. even though we're down again today. battleground priceline. it's been a teflon stock in this turbulent market. is it finally tapped out? a top analyst on tap to tell you. and bank of america feeling the heat from outside and inside. and now most of you say the latest fix is unfair. we're going to keep the housing debate going. and, mandy, more on weak banana pricing. >> the show is not a show without a banana. on another note, a wild day out there on wall street. the dow down 183 points early on and is now well on its way back to even trying to avoid a six-day losing streak. the same story goes for the s&p 500, which was close to a two-month low. back to near break even. and nasdaq had the distinction to first wipe out the day's negative. >> thanks, mandy. let's talk spain. not about their problems. you're tired of hearing about that. but about whether their m

. >> brian sullivan joins me now.now from having some experience on this, that jamie dimon had no heads-up that this was coming. he was in washington yesterday and raced back to handle this. so there was no advance warning. i'm not sure how it all went down, but there was no cover-up that he was part of because it all unravelled at the worst possible time for him. >> i think he knew trades were going on in a sense, andrea, because some people brought it up on a conference call a while ago. he said kind of pooh poohed it and said it's a tempest in a tea pot, that this one trader in london who they dubbed the london whale was building up this massively outsized and potentially dangerous position. the question is, dimon likely knew about the trades, but was probably unaware of the risk or firm details of what exactly this guy was doing that we now know led to a $2 billion and possibly poor. dimon said another billion in losses could come from this one single position. >> the first question is how can this happen? jamie d

brian sullivan joins us. jim iuorio is with us.g claims the agency missed billions in fake tax refunds, thieves using stolen identities. it could cost you $26 billion over the next five years. surprised? >> no, i'm not surprised by the irs making mistakes. but please don't audit me. what i am surprised by is this, 940,000 tax returns were filed last year with fake names or identity thieves. 940,000. there's a lot of crooked people in america. >> i bet most of them, jim, requested a refund, right? >> i'm sure they did. >> we can assume that. >> i don't think there's a lot of checks being written. >> 100%. >> i don't have to research that at all. i think realistically this is a symptom of the whole. everything is too complicated. the tax code is too complicated. we talk about a flat tax, i'm not sure that's the right way to go, but those sort of things to simplify it makes it easier to monitor. >> i get angry when i hear things like this, when i hear things like medicare fraud costing half a trillion dollars. people ripping off the s

thank you, brian sullivan. and certainly we are seeing the impact on the slf which is the etf that tracks the financial center. so we're watching jp morgan as jamie dimon gets geared up. david, as you had mentioned, the losses could actually be widening as we speak. >> yeah, they could. they have widened certainly from over a week ago. it was 2 billion on the conference call. it could be another billion, but it could be more than that. this is an enormous trade. one that they're having difficult repairing and taking off to a certain extent. so that does seem to be mitting. the wall street journal eluded to $5 billion today. so that is certainly something the market is reacting to. >> and we're also seeing the impact on morgan stanley from ubs to a buy rating say enough is enough. and they point out the value that the stock is trading at right now. 49%, which is barely above the 49% that the stock had traded at october, 2011. so no lift here on morgan stanley shares. it's close to the truss that we saw back in t

brian sullivan, thanks for that. coming up next, whether you should buy or sell facebook stock.oop from a social network analyst. that's right after this break. ncer ]e a what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. trade commission-free for 60 days, would you mind if to be i go ahead of you?omer. instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. people don't like to miss out on money that should have been theirs. that's why at ally we have the raise your rate 2-year cd. you can get a one-time rate increase if our two-year rate goes up. if your bank makes you miss out, you

hey, so we got brian sullivan here. brian, cnbc's brian sullivan. so facebook has lost what?e got criminal investigations possibly starting up. who knows. this whole thing, nasdaq -- botched the deal. i mean everything that could go wrong with facebook has gone wrong short of locusts descending upon the wedding of mark zuckerberg. i mean, this has been a bad couple of days for facebook. hasn't it? >> it's indicated a little higher this morning, but i think your point is well taken. i mean, listen, facebook has not gone off nearly the way anybody hoped it would, and it's not just a bad thing for facebook. i think it's a bad thing for the stock market, because so many people got back in, renewed interest in overall stocks because of this, after feeling burned the last ten years. now they may have gotten burned again, once bitten, twice shy. you're right. the massachusetts a.g. issues a s subpoena, wants to know what they told them ahead of the ipo. came out yesterday they may have cut their own estimates being a leader in the ipo. a lot of questions this morning still around fa

brian sullivan. let's take a look at facebook.s closer and closer to 29 and dhang. change. the low for today, 30.03 dlars. it crosses the sucker burg ache o a but it's got a little cushion here. when we come back, regular lay stores putting jp morgan under the microscope. also, the financial sector clocking in as may's biggest loser s. that where you'll find the best bargains in this market? back in a moment. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx.

brian sullivan back at the flash desk.o a featured story, the president is losing the support of wall street titans. the times reports that by the end of january, 2008, the president has raised over $7 million from the securities and investment industry compared to just 2.4 million. the new york times reporter joins us with more on the story. nicholas, good morning to you. you call some people on wall street up and they are undecided. they are waiting for clarity. what kind of clarity do they want? >> it can often be on a policy issue on some kind of regulation. they're often waiting to see how he talks about things that are important to them. those are the people who are in the middle of actually giving the money president. a lot of people decided no way, jose. and mitt romney is our guy. >> yeah, wall street is no stranger to democrats or a politician who talks, right? they know he's got to say certain things. it sounds like they're not too sure about which one obama is. >> i think the people who are critical of him sure

brian sullivan live at cnbc global headquarters.ufacturing, but there is a real challenge in finding skilled laborers. we hear tab in the i.t. sector, but now it's a problem in manufacturing? >> yeah, really is. this has been a theme of our show at 2:00 p.m. "street signs" covering it for a while. people wrote in to mika's point saying we were crazy for telling the story. "usa today" has a story as well. manufacturing is starting to come back, but the revival will slow down if not stop we if don't find skilled women and men to take these jobs. >> what's the problem here? >> lack of training. lack of geographic mobility. i can't find a machinist in new jersey. probably a machinist in another state to wants to job but can't sell his house. we seem to be a seat whery either go to college or have few skills, a dog gone shame. anybody's who's had any work done on their home, i'm in the process of doing stuff. the plumber, the guy's rolling up in a mercedes in my house. it is noble have a skill. my best friend, rest his soul, passed away

. >> let's get over to brian sullivan with breaking news. more on yahoo! and dan loeb?> it is getting interesting. dan loeb is famous for his letters and he's going right after yahoo! in this letter. listen to this. i want to use the language that dan loeb is using here. identification of material and inaccuracies of ceo scott thompson and patty hart's education record was, quote, insulting to shareholders. they say it's the height of arrogance to call this addition of alleged major -- the height of arrogance, basically, to call it inadvertent. they also say it is a big deal. they say the third point will consider it grounds for further action if the board does steps n monday. one, reveal the process by which it vetted mr. thompson as a candidate, disclose whether any board member basically was aware of mr. thompson's dedeception.d and give out more information to shareholders regarding what they knew. and here's the last one, scott. i saved the best or at least the meatiest for last. number four, the demand third point is making, terminate mr. thompson for cause immedi

on his resume. >> brian sullivan is here.e numbers. >> not hearing good things about them. >> it is not a good number, guys. i do appreciate the rush. there are plenty of other fine bands, willco, radio head. >> willco next. >> let's move on. 115,000 jobs created last month, well below the consensus estimate. that is a terrible number. the unemployment rate did drop to 8.1% but only because fewer people are in the workforce. you have to be looking for a job to be counted. the labor force participation rate, 63.6%. all in all, a lousy number. this is not good politically. it is also maybe a call to action by the federal reserve to have to think about doing a third round of quantitative easing, qe-3. >> brian, this is the second month of bad numbers. the second month that the unemployment rate didn't go up, because less people are looking for work. >> that's what it comes down to. there is going to be a movement to blame this on the weather. you say weather was nice. why would that hurt? i think about the guy that will plow my

let's go straight to brian sullivan. >> he's crazy. >> seriously just not right.ded to take a couple more months from history and the greeks just decided we are not going to be responsible. we are not going to push through a deal to guarantee our survival and the french elected a champagne socialist. this has to be royaling the markets over there. >> they're are down open from the average to the tune of 100 points. i understand when we get down to the nitty-gritty about what they are doing. it can be the bottom line. there 30 political pears in greece that cannot form a coalition government. they will have yet another round of elections next month. the people i am hearing from are saying those elections will be a direct call as to whether or not greece wants to remain in the euro zone or whether they want to bailout and go back to the old currency. over the weekend, saying if greece leaves, why should italy and spain remain? here's the bottom line. i know people get frustrated here and we hear about the bickering. be thankful they are not in europe. they make us l

i'm brian sullivan. watch shares of francesca's holdings. financial officer was terminated over the weekend with cause for what the company says is improperly communicating company information via social media. we don't know what that is. i'm doing digging on what he did. stocks up on the forecast increased. but i think probably the first high-level c-suite exec i can remember that's been canned for social media activity. be interesting to find out what that exactly was. simon, back to you. >> brian, he was tweeting non-public material -- nonpublic information. why you would do that, i don't know? >> what was he saying? we're going to beat the street next quarter? >> i don't know. but my understanding is it was tweeting of material not public information. >> why would he do that? >> that is a very good question. >> can you expunge your past tweets? >> you can. i guess you can -- >> let's talk about the market. thanks, brian. down 146 on the dow. it's a rough open. now 45 minutes into trade. bob pisani is here with more on exactly what is goi

let's go to brian sullivan. >> dan loeb is out and he increased his stake last quarter to 7.5 million shares which means at the end of the quarter dan loeb's firm earned 5.7% of yahoo!. unveiling new stakes in cisco and apple and raised their stake in sara lee. david einhorn's green light in expedia and computer sciences. csc, they eliminated their stake in yahoo! and first solar. einhorn and loeb see very differently. dell also trimming a little microsoft and gm. so maria the headline there is one hedge fund manager loves yahoo!. the other one, not so much. >> if you need to. >> all right. thanks a lot, brian. we'll be watching to see if there is movement in those stocks. listen to this. >> this is all part of a process of educating the american people on what the financial industry is doing, the fact that morgan stanley is spending millions of dollars lobbying for deregulation and creating a vulnerable crash like the one we had in 2008. >> so as financial shares weaken and protesters take to the streets against the banks, is morgan stanley's stock a buy or a sell? we'll have an all

. >> by the way, i was talking to him in the cafeteria to brief interlude, we had brian sullivan on theay, there's too many brians on television. so i think i'm considering changing my name to beta global conflict. just thinking about it. >> okay. >> beta global conflict. >> it's catch cing. >> we'll do a twitter poll. controlling the cloud, n vid ya we have an exclusive. >> and the barbie effect. do these pretty pink princesses belong in your portfolio? "street signs" is back in two. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ but when i was diagnosed with prostate cancer... i needed a coach. our doctor was great, but with so many tough decisions i felt lost. unitedhealthcare offered us a specially trained rn who helped us weigh and understand all our options. for me cancer was as scary as a fastball is to some of these kids. but my coach had hit that

. >> i'm brian sullivan. cnbc is heading down to atlanta. small business owners will share their challenges. we look at opportunities and learn new strategies for success. join us as part of our studio addence. -- audience. we hope to see you in atlanta. [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. but if you take away the faces on the trees... take away the pixie dust. take away the singing animals, and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing

. >>> meantime, let's get to brian sullivan, get a "market flash" with the dow up almost four points.ut there's one stock tanking, and darn it, carl, you look like a guy who needs to buy a snowmobile. fewer people, apparently, will buy a snowmobile this year. arctic cat coming out with a concerning outlook, basically saying atv and snowmobile sales may not be as strong as forecast. in fact, atv, four-wheeled motorcycles, the things you ride around in with the roll cages, whatever, they may fall 5% in sales this year. keep in mind, arctic cat has had a great year, up from 22 bucks to where it is now, but tanking big today. by the way, carl, i just tweeted out an excellent oral from the "journal" on may 3rd, about if you're a member of facebook, you are essentially part of the world's largest unpaid workforce. it's a good read. worthwhile. >> i like it. and cramer's point on arctic cat was don't read too much of that into polaris, which i guess is only 10% snowmobiles. >> and not falling at all today. in fact, rising about a percent. so pii going in a different direction. >> yeah. thank

brian sullivan with development on famed investor leon cooperman. what is he up to. >> yes.uick on this. data a fau weeks old but still a goodwin dough to what they cold. leon cooperman of omega, famously open wrote the open letter to the president, saying this is class warfare and making plan is not bad, is going heavy into banks. filing shows new holdings, not increased, but new holdings last quarter of bank of america, black stone, capital one, select sector spider financial, the xlf, as well as wells fargo. cooperman going aggressively into banks. also opening up a new stake in sprint. a real beaten up names. he sold out of 26 stakes but perhaps the two big headlines there are microsoft and best buy. so cooperman, guys, not optimistic on best buy. completely got out of that. and microsoft. bill, i will send it back to you. >> thanks very much. cooperman making his name, in buying low before selling high. looking for a place in the financials. >>> we head towards the close with about five minutes to go. down the eighth day in the last nine sessions. year to date gain is c

. >> let's send it over to brian sullivan. we can't wait to hear what you have to say. >> i know.nt of fun as social media. we've got to talk about cognizant technology solutions. ctsh. the problem is guidance. they cut forward estimates saying they are getting weak demand from pharmaceuticals and banking customers. the ceo was on an hour ago. trying to talk up a good game with how they are going grow faster. market hates it. stock is down 18% ctsh. >> thanks so much, brian sullivan. >>> one of the nation's largest pension funds, california state teachers' retirement systems accused walmart's leadership of breaching its duty in connection with the bribery scandal. we'll sit down with jack ehnes in just a moment. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh ♪ welcome to the hotel california ♪ ♪ such a lovely place >>> jo

i'm brian sullivan. facebook free fall continues. fb shares closing in on 29 bucks.hat is the zuck doing? thinking about a facebook phone. should facebook friend rim? we'll debate. >>> bill ackman's bullish on jc penney. so is herb. are they crazy or just genius ahead of their investing time. >>> outrage of the day. we'll meet the ceo whose pay went up $7 million even as the stock stayed stuck. nice work if you can get it, mandy. >> stocks are high. but an early rally has faded some what. the dow up 156 points earlier. a rise today would be only its fifth positive session of the month for the s&p 500. fairing a bit better than that. it is up for the fifth time in six sessions. and the nasdaq also higher today, but still looking at its biggest monthly loss in two years. we've got courtney standing in for bob pisani today. rick santelli, as well, is going to join the crew. courtney, always ladies first on "street signs." still a bit of a rally. the question from here is sustainability. >> that's exactly right. again, we look to our global trading partners really steeri

. >>> brian sullivan is out in l.a. at the milken conference. what's the bus zz on day two? >> specifically the u.s. economy and the deficit. how do we fix that? we've talked a lot about the fed. we've talked a lot about the low interest rate policy. really the answers come down to two things. number one, the deficit still remains huge at more than $1 trillion for the next couple of years. two, have we reached the limits of what low rates can do to help us because we need growth to solve some of the problems. it's not just going to be about cost cutting. yes, we can cut some costs. the reality, though, is that we're going to need, at least according to the guess here, 3% plus growth for a number of years to make any significant dent in the deficit to get the fiscal track back in order. the question is, how do we do that? there's a lot of different views certainly on that. i'm sure our next guest will have some views on that as well. >> absolutely. let's bring in our next guest. of course, we have pimco's bill gross joining us with his latest investment outlook. great to have

. >> i'm brian sullivan, cnbc is heading down to atlanta for a town hall event on small business. join us as part of our studio audience. for free tickets go to townhall@cnbc.com, and we hope to see you in atlanta. >>> welcome back to "fast." take a look at sarah lee after hours, the board approving a spinoff of the coffee and tea business. those shareholders will get a special $3 special dividend and the rest will reverse split 1 for 5 so we're seeing the stock up by almost 6% here in the after hours. well, let's go back to the vice chairman of lionsgate michael burns. take two, michael, a as they say in your business for this. when we walk through the quarter and we're trying to understand this, when investors didn't understand in the after hours when the stock was down precipitously that the marketing costs were in the fiscal fourth quarter which is the ones you report and the profits from "the hunger games" will come in the next quarter. can you walk us through the trajectory of profits we'll see from "the hunger games" as we go into the first quarter and the second quarter. >

i am brian sullivan. the dow is down again thanks to europe. it is on the razor's edge of wiping out the dow's gains for the past year. and we are raising the flag for america. and we will show you the top ten companies that make most of their money right here in the good old u.s. of a. there's perhaps no city more american than detroit. but it's fueling california these days because we are heading to the motor city to find out if tech can really rock detroit. and how much are rim's patents really worth? investors hope a lot. america's leading patent valuation expert is here. and a beatdown, battered, bloody stock brawl, which is a better buy for your money, rimm or facebook? >> that's exactly how i like my brawls, brian. remember yesterday's gains? they're gone. and then some. the dow having its biggest one-day drop in almost two weeks although it's off session lows. it was down about 173 at one point. the s&p 500 had been up in five of the past six sessions, but obviously today it's also taking a hit. the nasdaq also sliding. it's now on trac

. >> brian sullivan is coanchor of street signs. explain how jp morgan was involved in it. as the law is written, it appears to be perfectly legal. >> it is. it was a bad trade and as jamie dimon has implied a stupid one. essentially they made this $100 billion bet on u.s. corporate debt. i don't want to get too in the weeds. corporations issue debt. jpmorgan chase had about a $100 billion billion position and this one guy they dubbed the london whale was trying to hedge that position, in other words, make bets in this one went bad they could balance it out. everybody on wall street that dealt in those instruments knew what he was doing and sort of ganged up on him, right? and made sure that it damaged his trade to the point that they end up with this $2 billion and possibly more loss because jamie dimon himself has said that more losses could be revealed down the road. nothing illegal. just dumb. >> and brian, the question then needs to be asked, it was asked on "meet the press," carl levin spoke about this, if this is still going on, losses of this magnitude and you see a

brian sullivan pointed out the credit facility they talked about, the one previously announced, alson this press release it says patriot coal corporation engaged the blackstone group. continuing to work with its longstanding council. blackstone, private equity group, why would they be involved? maybe something to do with exploring options. who knows. i want to credit kayla tausche for her close reading and picking that up. the stock has picked up a little bit again. for context, down 26%. also a name down almost 50% when it was halted the first time. we'll keep an eye on it and see where the price action goes. back to you. >> we are certainly watching that stock. thank you, brian sfwlnch. >>> coming up next, underwear, shoes and cranes. time for stock talk. >>> a closer look at the timing behind gm's move to defriend facebook. did the automaker have an obligation to go public with the announcement? >>> our street poll. who is having the worst month ever? vote at streetsigns@cnbc.com. "street signs" back in two minutes' time. my round trip is approximately 40 miles to work. head on ho

i'm brian sullivan. as sue said, it's a rare happy monday for your money. shedding the blues and surging. why the good mood after a miserable may so far? we'll dig in. face plant, the stock now down around $34 a share. who's to blame, the company, nasdaq, or maybe general motors. we'll debate. a type of illegal trafficking some say is bigger than guns or drugs, and, mandy, this is one that may claw your face off if you're not careful. >> looking forward to it. today is the best day for stocks in may. just after the dow fell 11 of the past 12 days, the s&p is also having its best day of the month so far. and the nasdaq is recovering from what could be its worst month since november of 2008. we remember what that was like. apple is also rebounding in a big way, folks. perhaps from the money that is coming out of facebook. and facebook investors meantime not liking that at all if the shares well off the lows, but still struggling. check it out. ipo price at $38, mark zuckerberg's stake was worth about $19.1 billion. with today's drop, the same shares are now w

i'm brian sullivan. stocks mostly shaking off a slam on jpmorgan. the dow not crashing despite the bank blowing it with a $2 billion bad trade. is it time for a financial intervention? time to diffuse the weapons of mass destruction, eliot spitzer and others here for a debate. is china maybe a bigger concern than jpmorgan or europe? new data shows china continues to slow. we keep connecting the china story to your money. plus, a possible leak on the rumored new apple tv. and a big insider buy helps a beaten up name, mandy, we're going to tell you who that is. >> cannot wait to find out. thanks, brian. market holding strong despite the financials getting whacked today. two hours left in the trading session and the dow is on track to give up more than 1% over the course of the week. take a look at the dollar index. it is up for the tenth straight session. it is the best ten-day winning streak since august of 2008. and the big story today, you've heard all about it, jpmorgan, that stock down more than 8% today. but still up 12% year-to-date. and shares

i'm brian sullivan. and we are going to party like it is 1992? why what happened globally 20 years ago may tell us what might happen this year. and why one guy says we're nuts. plus, it is asia all around. p&g making a big move. one of its groups going to singapore. and a huge chinese bank buying into the u.s. reason to worry? or no big deal? we'll debate. and microsoft making a big move in search. you're going to hear our big bing theory first on cnbc, mandy. >> hello, everybody. the major averages are higher across the board. that's notable because it hasn't happened since the first of may. well, the dow has now cut its weekly loss to about 1%. as for the s&p 500 and the nasdaq, they're both within about 0.5% wiping out the week's losses. the nasdaq has had the day's biggest struggle spending much of the morning in negative territory before recovering. brian, is that sir mix-a-lot i hear? >> yes, it is. and that is chris cross with one of 1992's biggest songs. '92 was a good year, mandy. i know you were in high school. those of us who were of a

in that mind, here's brian sullivan with a look at the may hit list. >> that's exactly right, brian.ts share of the toll and its lumps this month. here you go with what we are calling our wall of worst month ever. and we begin with jp morgan ceo jamie dimon. shares have been down about 19% and he's among the most out spoken critics of regulation. so a little egg on his face. so moving on now to somebody you've been talking about a lot this morning, nasdaq ceo bob greifeld. he is humbly embarrassed. also, it could be on the hook for millions, if not more, worth of customer disputes. next up, chesapeake energy ceo, his personal borrowing and dealings coming under scrutiny. investigators for the irs and sec reviewing the company's operations. next up, scott thompson, the em battled former yahoo ceo. call it what you want, departure trigled by the college degree and computer science that he never actually received. he stepped down from ceo after just four months. he stepped down from two other board positions. you've got to include, certainly, scott thompson on that list. a late add to o

. >> yeah, let's go back to brian sullivan for another quick market flash here. >> yeah, i want to talk can very quickly. apple, interesting story and i'm going to hedge it out. it's coming from the china daily. and the china daily is reporting that fox con founder and ceo has said that they are making frappe rations for the apple itv, although according to a report, he said that manufacturing and development had not begun. those comments getting picked up and they're beginning to trickle out here. i'm sure we're going to talk to apple, as well. this kind of coming across. some blogs are starting to notice it. something to watch if you're interested in apple because i know nobody is. but if you just happen to, this is a story that you might be interested in. >> did they get the copyright from that from the u.k.? >> i call it apple tv because i already use it at home. it's a small black device about $99. that's why i'm a little confused by the whole big apple tv thing. they already do sell, basically, their own sort of mini set top box. >> i don't believe that they've named it. although

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. >> i want to send it over to brian sullivan. brian?en talking negative. there's a lot of red on the screen, so i thought i'd give you a riddle bit of good nests. unless or especially if your holdings are up 26 hpth. they said america's lousy infrasphericture, bower lines down everywhere. that's not just neck knelling. people going out like me going out and buying generators profit from just under 5 35 million a year ago, to 30 milon. one stock higher than you. >> so you're prepared. >> i purchased a ygenerator las year. i figured whale oil is not as plentiful. so i thought i would tap in in my own way to the grid. >> it's amazing. they billet power lines before they discovered electricity. but apparently not before sarcasm. [ laughter ] >> brian, tlanks. when we come back, some stellar results last week raising its forecast for the full year. we're going to talk to the company's president live from ctia to wireless conference in new orleanss and see why he says we'm be making credit card payments from our smart phones sooner rather tha

brian sullivan, thank you so much. announcer ] this is genco services -- mcallen, texas. in here, heavy rental equipment in the middle of nowhere, is always headed somewhere. to give it a sense of direction, at&t created a mobile asset solution to protect and track everything. so every piece of equipment knows where it is, how it's doing or where it goes next. ♪ this is the bell on the cat. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪ helping you do what you do... even better. high schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential... ...if the other states joined them. let's raise our scores. let's invest in our teachers and inspire our students. let's solve this. (spoken in mandarin) i've still got hours of battery life. it's an ultrabook. you bring great shame upon this coffee hut. with a long-las

ttd#: 1-800-345-2550 >>> brian sullivan, what's going on?cause the jobless claims numbers show the job market still replains fairly weak. i'm in a good mood. i'll give you the good news. continuing claims did fall to the lowest level since july, 2008. the bottom line a lot of people are still filing for unemployment benefits around the united states really getting to the broken down economy where you have the people working or feeling a little better spending more but the people not working getting a little more disheartened. what is working is football -- not football -- soccer. they've announced a deal to become the local brand for the british soccer premier manchester. gm said it would pull out of the super bowl this year. soccer and american football out and soccer in. >> thank you so much. by the way, pretty darned good turn on the zeplin reference there. all right. more "morning joe" straight ahead. we charge everything else... maybe it's time to recharge the human battery. only the beautyrest recharge sleep system combines the comfort