. >> drop for broadcom. >> the entire space is under a lot of pressure.is a conduit for that. i think it's something you stay away from. in other words, i am not buying this weakness. >> facebook a pop this week, up 38%. >> let's call this what it is, an eruption. this is the single -- >> wow. >> this is the single biggest in the market this week. this is a mega cap of 30% in one week. >> stay with it, josh. fight through, fight through. >> you guys can giggle. >> it's a violent, forceful, very descriptive word that you chose. all right, moving on here. >> i'm helping the people. it's an eruption. >> etrade had a good day. but a better week, melissa. it's moving higher in anticipation of rates going higher. people think it's overdone, but the momentum is not out of the balloon yet. i'd still be a buyer. >> and lastly, earnings analysis, bruising and royal bundles of joy. here's our week in review. >> i hope all the world can hear that. >> i worked for them for a brief period of time. >> an hour? can we clarify? you were the uniform for a short amount of t

here in our trade desk qualcomm long and short, broadcom. that is big trade that is trade on the traders. you can see just after these last two days it has been a great trade. liz: yeah, okay. i'm just checking their full-year revenue outlook. it is 24.3 to 25 billion. and, dennis, the revenue outlook, yeah, that's about right, 24.48 billion. i think that perhaps is why you have the stock moving higher in the after-market session. they like the outlook and beat on revenue, exactly what chris just said. too few companies are beating on the revenue here and qualcomm did it. >> yes, indeed, and that is always a good sign because once you cut the costs stay lean for a while. if you get growth coming in suddenly margins start going up and profits do much better. trying to get ahold of facebook numbers. they are out. david: you take a second to review them. we'll put up the numbers as we bring in gene peroni, vice president of advisors asset management. gene, i want to ask you specifically about revenue. one thing that has been short in this earni

this week. >> you'll come on soon to talk more about broadcom. >> teck, broadcom and domtar corporationn. >> thanks very much. next, how the feds might nail tony soprano after all and a good old-fashioned fight over betting and the "boston flipping" guys here with three wicked cool ways to add value to your home this weekend. they are not hard, but first, what's next on the "closing bell," bill griffin in. >> let's tell you, amazon shares rallying even after disappointing earning but it's time to take profits because this stock looks very expensive. also find out if it's time to finally like facebook as it creeps closer to the magical $38 ipo price finally and traders not just betting on stocks. they are also betting on who is wall street's best athlete, and you can place your bets as well. all of them in the name of fighting pediatric cancer. it's summer on the street friday here on the "closing bell." mar why and i look forward to seeing you at the top of the hour after more "street signs" comes your way after this. ♪ this is the pursuit of perfection. a lot can happen in a second. wi

instead they're getting pulled down a little by broadcom. explain. >> right.xactly that. broadcom is down 15% today, taking qualcomm along with it. qualcomm down 1%. on the other hand as you noted apple has been a stellar performer. it is higher by 5%. that is good news for the number of iphone sales we saw which was stellar. 31.2 million iphones sold in the last quarter. it was impressive. tracy: we're waiting on facebook earnings. >> today we're seeing it slightly higher. we saw it tank and we'll see what happens. david: all kind of analysts, by the way on facebook just waiting to jump in with analysis what will happen. >> right. lou: let's talk about what really spooked market. eventually the market managed to calm down a bit. that is treasury rates. treasury rates jumping tremendously. the 10-year rate, at one point was, what, at 2., 2. -- >> 6. david: 2.58. inversever. relationship. art r art cashin, notes the inverse relationship amounts you start to see yields jumping up. they really jumped up. 2.6%. what you see markets do have the inverse relationship

broadcom, emc, oracle.that should be sold. >>> today marked a beginning for onyx pharma. maybe it will herald a kind of mini wave of deals and mergers and acquisitions in a starved market. somehow, though, i don't think so. the onyx deal, born from the lack of growth of its initial suitor, amgen, should be a call to all the other amgens out there. make your shareholders richer by acquiring another company, even if you have to pay through the nose to buy it. buy, buy, buy. that doesn't seem to be the way of the world. in fact, it's just the opposite. a remarkable group think that acquisitions lead to failed enterprises and the best gains are happening from breaking up, not adding on to the institution. hey, look, i like breakups. compare the negative impression about mergers with the reality of what's been upon us. think about last week. conagra reported. it's a thing of beauty. produced far more benefits to the bottom line than expected. conagra was able to break the gravitational pull of the ten-year bond,

broadcom, emc, oracle.ts are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." wi drive a ford fusion. who is healthier, you or your car? i would say my car. probably the car. cause as you get older you start breaking down. i love my car. i want to take care of it. i have a bad wheel - i must say. my car is running quite well. keep your car healthy with the works. $29.95 or less after $10 mail-in rebate at your participating ford dealer. so you gotta take care of yourself? yes you do. you gotta take care of your baby? oh yeah! humans. we are beautifully imperfect creatures living in an imperf

qualcomm doesn't make up for yesterday's hideous broadcom, i'm calling it a push. starbucks having an amazing quarter, up here, and dunkin down here, america runs on starbucks lattes, and dunkin's coffee. i call it unleaded and diesel. in the end, today belonged to facebook. they could end up disrupting the entire advertising industry. put simply, every major advertiser should be calling facebook and saying, i will put in a $100 million order and develop an ad campaign. they had much bigger profits than anyone expected. look out. it goes back to where it got started on the miserable ipo day, it's five points more and it's that good. the markets change the channel on the home builders today. all i can say is, don't get too comfortable. the viewers are always restless and the ratings fluctuate. and what is good today will get changed next week. or earlier. that is wall street for you. let's go to dan in indiana, dan? >> caller: cramer, booyah. >> booyah, chief, what is shaking? >> caller: yes, sir, with silver prices going up, i'm looking at pan american silver and w

look at broadcom.n and they're losing share. >> we'll bring the gavel down. >> he came prepared. he did. >> thank you, gentlemen. >> and stephanie. >> i want to know who you think won the debate. use the hashtag bull or bear and we'll give results at the end of the show. not everyone agrees with goldman sachs rates have nowhere to go but up. welcome to the show. good to have you on the halftime show. >> thanks, scott, nice to be here. >> goldman was out with this call today that rates were going to hit or enter 2014 at 3%. and go higher after that. you don't agree? >> well, on average we think the ten year will average about 2.5% for the second half of the year. sure, couldn't touch 3%, it certainly could, but we think based upon those economic fundamentals that we see and they are improving, likely that we have over done things a bit here and settles back in and as we say averages and 2.5% for the balance of 2013. there is no doubt the data is improving 70% of economic data in june beat the estimates.

you can say that semis must be in weakness because broadcom until you heard qualcomm tonight say allt will right thing. interest rates should be higher and we know from experience when rates take off, they do hurt stocks. the profit taking we saw today, it's because companies are doing so much better than we thought. and that means rates could, indeed, head a little bit higher. so until they stop, you can worry -- you can worry for the moment that we've got too much of a good thing going. and after the run we've had, stocks right now, right here just aren't ready yet for the interest rate climb to resume once again. i need to go to don in florida. don? >> caller: hey, jim, thank you for taking my call. >> my pleasure, don. >> caller: my question's on home depot. right now, housing is on the rise and particularly in the northeast because of hurricane sandy where thousands of homes were destroyed. home depot is marketing a new wood in that area that's fireproof and mold resistant. do you think that will help home depot pick up market share? and is home depot a -- >> no, look, it's a ri

switching focus to apple suppliers, texas instruments reporting upbeat earnings and take a look at broadcomlysts telling me shares may be moving lower in response to texas instruments announcement last night that it's licensing its connectivity business to a customer. back over to you, sue. >> very interesting. appreciate it. to the bond market where rick selly is there as usual, and he's tracking the auction -- post-auction. i'm trying to say tracking the action post-auction but it came out backwards toe sake it away. >> you know, backwards or forwards today in the treasury market there isn't a lot of huge action. maybe the most significant issue happened before we really got up this morning. that was the fact that we continue to hold this kind of 2.48 area. that's been the setman two sessions in a row, friday and monday. as you see on the 24-hour chart. elevated a bit but well within its recent range and the auction at 1:00 eastern didn't give too much volatility. look at dollar index. it took a hit around 10:00 eastern. if you look at the euro currency, that was the beneficiary. why? bec

. >> we mentioned broadcom. it's a drop. lowest level since december of twc 20 2011. >> and they have slammed it. i think at these levels i think the selling pressure has pushed it so low it's now an opportunity but they have competition. >> doc, the read on polycom. >> just a horrible quarter. it's falling off a clifer right here with some big misses and down grades. i think you stay away. >> steph, electronic arts with a pop. >> really good quarter, revenues and earnings. the most important thing was expenses and basically -- someone is talking in my ear. sorry about this. in terms of the quarter it was good. but expenses, their guidance on expenses is what people are excited about. >> welcome to my world. panera, simon, drop. >> i like the restaurants. unfortunately, didn't like the earnings. they missed. choppy spending long term. i think you let it settle in, down 7%, 8%, i think you own it. >>> next up, should you bet the farm on zynga. shares are up big in 2013 but one of our traders thinks it's game over ahead of ear

finally, broadcom reports 70 cents ex items, the street wanted to see 68.eats by two pennies on the top line, 2.09 billion versus 2.01 billion. the street wanted to see. basically in line there. guys, back to you. >> all right. thanks for the breakdown, josh. >>> after the break, we'll get you caught up on all of today's big earnings releases, because there are even more than what josh told you about. >> you bet. >>> and then, we're less than 20 minutes away from the one we've all been waiting for, and that would be apple. that stock lower again today. the numbers are going to be very closely watched, and we will have them for you first. [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. people find out state farm does car loans as well as they do insurance, our bank is through. good point. grab an edge. look there's two guys on the state farm borrow better banking sign. nope for real there's two dudes on the state farm bor

i don't like that new modern tech like broadcom which i said you get out of.s is okay with me. >> buy buy buy! >> and so is samsung. and tonight so is apple. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >>> coming up, service with a smile. timeless toolmaker snap-on made reporting an earnings beat look like, well, a snap. but can its continued push into new markets cause its shares to find another gear, or will the stock break down? cramer has the exclusive just ahead. [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. geico's defensive driver,ke 13. good student and multi-policy discounts could save you hundreds of dollus. engineer: u

>> broadcom, as a trade everybody hates it. >> fooizer is a name that i think will go faster higher. >> don't forget "fast money" tonight. i'll be at the nasdaq for that. follow me on twitter and "power lunch" starts right now. >>> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >>> how strong is the american economy? a brand new cnbc survey that could cause some concern. steve liesman with the details in 45 seconds. apple is on the rise again after its rough fall from the tree. is this one super popular stock making a comeback now? and rupert. wendy wants more money. trying to bypass the pre-nup which says only nets her $20 million out of mr. murdoch's billions. what are her chances of getting that pre-nup adjusted? first to sue at the nyse. >> i have a funny feeling that's going to get messy, ty. right now though let's focus on the markets, and despite the fact that the markets do remain near record highs the underlying economy is constantly on the mind of traders down here and investors across the country. american companies and, of cours

broadcom, micron, sandisk, though stx still up some 35%.ulte, lennar, the group has been nailed on worries about how higher mortgage rates will impact the industry, and we'll end here on bud, the beermaker, moves sharply higher today, up some 6% this month. making more money than analysts forecasted in the second quarter. fans trading up to the premium suddens. bill, back to you. >> all right, josh, thank you. yeah, the facebook move back to $38 today. i know you have a debate on that the next hour, on whether or not that can continue. or that's the peak for right now. >> we'll see. a big victory for facebook. no doubt about it. and after that earnings release, people saw it as a game changer. so you have money moving into facebook. that's the question. what is the next move? we'll debate it at 4:00. >>> meantime, interest rates, most agree, that they are going to go higher. the fed will have to taper at some point. it's just a question of when or how much. michael crofton, philadelphia trust, says the fed could lose control of interest rat

i don't like that broadcom which i said you get out of.is okay with me. >> buy buy buy zblchld and ! and so is samsung. and tonight so is apple. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >>> coming up, service with a smile. timeless toolmaker snap-on made reporting an earnings beat look like, well, a snap. but can its continued push into new markets cause its shares to find another gear? or will the stock break down? cramer has the exclusive just ahead. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. wi drive a ford fusion. who is healthier, you or your car? i would say my car. probably the car. cause as you get older you start breaking down. i love my car. i want to take care of it. i have a bad wheel - i must say. my car is running quite

and we have to get to panera and find out what happened with broadcom, and we will do when "squawk on the street" comes right back. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." so you can capture your receipts, ink for all business purchases. and manage them online with jot, the latest app from ink. so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. >>> apple shares are up sharply, and the tech giant beating the street with the result of more than 31 million iphones sold in the period of the forecast, and apple's revenues for the quarter is below consensus, and 32 million is less than qe3 and less than

after the close, we get results from apple, at&t, broadcom, and panera bread. >>> the senate bankingng today to discuss wall street bank ownerships of physical commodities ranging from metals warehouses to power plants. brewer miller coors is among those prepared to testify. they're urging lawmakers to boost oversight of the london metals exchange. banks control the lme creating a bottleneck that is limited global aluminum supplies inflating prices. >>> and as mentioned, u.p.s. reports second quarter results at 7:45 a.m. eastern time. the package delivery giant is forecast to earn $1.30 a share on revenues of around $30.6 billion. david ross is an analyst and is with me now on the phone from baltimore. david, good morning to you. thank you for joining us so bright and early. so with regards to u.p.s., we already got the profit warning and we pretty much know that the second quarter wasn't that great. what exactly are you looking out for when u.p.s. reports today? >> basically we're going to look to see if some of the sluggishness continued into july and what their outlook is for the

broadcom beat the street, but current quarter revenue guidance was disappointing. and hertz reported a smaller than expected loss, full year guidance met the current consensus. juniper, topped wall street forecasts. full year guidance upbeat and the company announced a billion share buyback. they say their ceo will retire and wants to find a successor. >>> as we talked about, federal prosecutors are reportedly preparing to announce criminal charges against sac capital as early as this week. joining us right now is jacob frankel, former s.e.c. enforcement attorney and partner at shulman rogers. jacob, they're not talking necessarily about criminal charges against steven cohen, but this is pretty much the full court press short of that. >> without any question. good morning, becky. somewhat reminiscent, 24 years ago. drexel bern laimbeer was staring down the barrel of similar charges to six felonies and that was the end of drexel. arthur anderson in 2002, indicted for obstruction of justice, wiped out, supreme court overturned that conviction. this is, you know this

they're revolting against broadcom and even our friendly cooperman. he said qualcomm, it's like, wow. qualcomm should be much higher. part of the, no, i want micron trade. keep an eye on avnec. that's a cheap stock. >> the s&p within striking distance of 1,700. stick around to see if we hit that milestone and a lot more. nick canon among those ringing the opening bell today. he'll visit with us. we're bright back after this. more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade wi

i notice broadcom downgraded. we had a brchlg of downgrades for tech. tech has to go up.t of the estimate. >> i want to note once again back to -- that these stocks continue to move hire. today it's cable activision up 4%. time warner cable, nothing has changed since i told you a little over two weeks ago. it is kind of a teddy bear hug. >> charter doesn't have any weapons here. liberty doesn't want to go hostile, and they are applying as much pressure as they can in the sense of a quiet but public campaign among shareholders, analysts to get people talking about it with me and everybody else with the idea being that you can change the shareholder base, and forced take notice. maybe we should try and figure something out if it's possible with charter. charter, let's not forget. it's so small compared to time warner cable. you would have to ler up time warner's balance sheet and to get a deal done. a lot of the benefit, therefore, for shareholders to see. there's multiple disparity. there's so many different reasons why this deal will not get done. stock keeps moving up. e

this is to make other companies like qualcomm and broadcom more competitive.chnical levels facebook breaking shares and so is apple for the key level that technicians watch. david, back to you. >> thank you, seema mody. >> yesterday was a merger, and to day we may get a deal, and we said it is yesterday and that is the take under as well by $3.8 billion and 7. -- something when you see have community health is bought out by hma. now whether 70% of the shareholders will agree is a consideration here as hma fights for its life in terms of the board of directors because as we have reported many times, and there is a solicitation under way to replace the board. as for the deal call it worth 13.80, and maybe more, and shares of community health are not up that much more this morning, and so right around there. and there is a cdr, and there is something worth maybe the dollar that you could one day be worth. and you see the hca shareholders with a combined 16% of the company, and you need a 70% vote from the shareholders to approve the transaction. and the company i

just simply had a vision, i remember when they were trying to, and you know, they could have bought broadcom or and --? and the emphasis now, and the fact that we are going to have cheaper pcs able to do more, and the -- >> the margin is contraction, and i am surprised they can even give the margin guidance that they did. intel got overrun here, and they spent a fortune and now they finally cut some cap x, but it is disappointing from the great american company who has flat revenues and this is why tech has a bad multiple. flat revenues and meanwhile san disk, they were given up for dead. >> and there is no flash, and few of the businesses have recurring revenues, right? >> well, the only one who saw it coming believe it or not is the one who disliked it and a high multiple is sales force.com, and he said it is a time of social and mobile and time of cloud, and no one listened. if you had listened to him, you would not have screwed soup b e bad, ceos. >> and in the meantime, they missed for eight years but this time, they upped the projection for profit up 1%, and there is some. >> well, the