conagra. cag. we had the ceo on recently, terrific. and general mills. that's ken pal. and that's another great manager. what are we looking for with these? are we trying to gauge their earnings? no. we're looking for signs of what's called rotation. food stocks are known as defensive stocks. people buy them when they think the economy is getting worse because their business holds up no matter what. you buy cheerios no matter what. if either one of these stocks move up big when they report and if both of them move up big, you'll be able to tell the play into the recession plays has begun. and i will tell you on wednesday night that you have to cut back on the cyclicals, companies that do well when the economy does well, caterpillar, freeport, illinois tool, bhb. everyone's always wondering what's cramer going to say if these companies move up? you can bet that night i'll tell you that freeport is overvalued. trust me. you do not want to own a whirlpool or fortune brands which just went up huge this very week, if peanut butter and cheerios start runnign big. some compani

conagra, increased prices to lift sales. up in chicago we start with brian at the nasdaq. >> thank you, scott. fascinating day because the range has been so tight. basically a 12-point range, .4%, about nine points. let's start with what is working, microsoft up 1.5%. silicone valley insiders say they are gaining shares. cramer pointed out they should have more. amazon, dan brown's lost symbol sales record is a net positive. palm, nokia rumors in europe. google right now clinging to that 500 level. mr. whopner talked about it. on "street signs" they said google is not making money on their businesses so why not buy some companies. here are some ideas. open text, blackboard and webmd. this is conversational but an interesting conversation nonetheless. down down 1.1%. dell, people are discussing the deal with perot systems. cisco down 1.1%. intel basicallying saying we expect pc sales to be flath to slightly up in 2009. that stock up .4% and the chip sector having strength. if you want to talk about strength you have to talk a

carmax topped estimates, conagra raised full year forecast. google shares, the price target got raised today to $560. that from a cancord adams. the dow closing higher. >> nice to see you, sir. >> i'm going to hand it back to maria bartiromo. >> we are talking with the prime minister of poland. we have vaclav klaus coming on the show. so nice to meet you. >> you never know who you are going to run into on the floor of the new york stock exchange. the prime minister of hungry stopping by the set. i'm going to sit down with the president of the czech republic. vaclav klaus to weigh in on a recent policy shift from the u.s. in terms of the foreign policy situation. we get his thoughts on that as well as the economy in the czech republic. here are the business headlines, singapore's foreign wealth fund cutting its stake in citi group from under 5% to 9%. realizing $1.6 billion. the stock sale brings singapore's stake in citi before it was boosted by a debt exchange. general motors is adding a third shift at three u.s. assembly plants, resulting in

doubted general mills could generate such an upside surprise that it would matter, particularly after conagra's number yesterday. this general mills number was bottom-line terrific. general mills goes from being a consistent grower to be an actually better than consistent grower. the stock's being ramped here. >> oh, no -- pabst blue ribbon. >> they're raising prices. ever since somehow the bush administration let bud go through with imbev, this beer company, even those volumes are not up, they've been raising prices and raising prices. there's this benign thing that's amazing. molsen is -- >> why would you say that's benign? a lot of people would say that's rather malicious. >> i think if there weren't an antitrust department i would like into beer pricing. it probably, to me, the least -- went from being the most competitive beverage other than soda to being maybe the least competitive part of our food system. >> jim, have you tried the bud light with lime? >> no! this weekend i was knocking back -- no, i haven't tried that. >> pabst blue ribbon? look, i still have mine here from the imbev ce

next week, 11 earnings reports coming our way, including conagra and general mills. back to you. >> the dow jones was up 215 points this week. the s&p 500 up 2.5%. as matt said, we are up 7.5% so far in september. forget about the swoon. we're up over 20% for the summer rally beginning in july. and 60% going back to early march. let's bring in our market gurus. bob frolik, author of "a bull for all seasons." before we get down and dirty in our discussion, i want to look at one of steve moore's stock market calls earlier in july. i believe we have some sound on this? let's see if we can crank this tape up. here it comes. steve moore, stock market strategist. steve moore, i've got to tell everybody out there. steve moore gleefully calls me on the cell phone to tell me he sold his portfolio today. so you're either going to be a genius or you know what. >> i don't have nearly as much money in my portfolio as the rest of you all do here. when you talk about free market capitalism being alive and well, what country are you talking about? i don't see anything on the policy

conagra, is the food company benefitting from more people eating in? and lastly, carnival cruise lines, are prices stabilizing in the cruise industry? >>> and before we say good night, take a look at the day on the wall street. mixed market for the most part. health care and technology the best performers. doesn't do much, though, for the dow industrials which was down 41 points, largely due to weakness today in financial services as well as oil stocks. 9,778 is where the dow finishes tonight's trading sess nasdaq was higher due to strength in tech up five points at 2,138. and the s&p 500 as you just saw also negative. "fast money's" up next. have a wonderful evening. see you tomorrow. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee. stocks pulling back after touching 11-month highs last week. traders on this desk have the best ways to navigate these september swings. plus, michael dell with a blockbuster deal. we will break it down and tell you who's next on his buying list. and later, with their own bank stocks selling the

bed, bath, and beyond, conagra, mylan and watson form suitcles. cnbc's diana olick joins us.ig builders are on a big tear thanks to a big upgrade by jpmorgan this morning. the bank is adopting a positive sector stance. kb home features smaller, lower price homes. he says toll will see above average growth. one hurdle for the home builders as for the rest of the real estate market is news today that the fha will not meet its 2% capital requirements. all thanks to falling home prices and rising delinquencied. while the commissioner promises no bailout is necessary, he's basing that on home prices falling 8% more over the next year. if they fall further, he admits that would put the fha at additional risk. >> fha has gotten so big in the marketplace they're very sensitive to economic changes. if unemployment continues to go up and home prices continue to decline, that puts fha in trouble by virtue of their size in the marketplace. >> now, the fha is implementing many new restrictions and credit scores for borrowers. they're also going to hire a chief risk officer. they haven't h

. >>> with we saw apple hitting a new high, also, starbucks and conagra foods. >>> the world bank isith the best countries in the world in which to conduct business. the report assessed over 180 economies, include iing the easf starting a business, protecting investors, trading across bor r borders and enforcing contract law. thank you for joining us. >> it's a pleasure to be here. >> what we're going to do is cut to the chase here. everybody wants to know where the u.s. falls. it was number four. one three three in asia and southern hemispheres. why did they bubble to the top? >> well actually, singapore continued to be the leading economy now for the fourth year in a row. what we saw this year is that reforms to simplify continued at the top. singapore and hong kong continued with initiatives to make the life of their local businesses easier. >> what would get the united states up higher and what's your prediction for next year based on what you're seeing now in the united states when it comes to regulation? >> in terms of regulations, how easy or difficult is it to run and upgrade

. >>> and conagra raised the dividend by 5% a few days after the company upped its earnings forecast. that is cnbc.com news now. we are first in business worldwide. i'm court any reagan. >>> good morning, welcome to the call, i'm trish regan live on the floor of the new york stock exchange, 90 minutes into trading, we are watching the markets strive to gain some ground here, down just 8 points right now on the dow jones industrial average. we are going to discuss this exactly, how your portfolio should be positioned as this quarter comes to an end in the face of all kinds of mixed economic news. larry? >> hello, trish, i'm larry kudlow. dissension at the fed, a day after ben bernanke says interest rates will stay low for a long time, fed governor kevin warsh says she might need to be raised sooner rather than later. well, we will discuss. >> and i'm melissa francis. we go live to the g-20 summit and talk about whether world leaders can agree to stop trade protectionism. easier said than done, right? this is "the call" on cnbc. >>> stocks trying to rally after better-than-expected cons

we did a survey for conagra foods and we found even fourth of july,eople were looking to save money.w ey it is. >> right. >> f example,ith hu's, get some diced tomatoes, about $1.20 a can. >> yep. >> they're flash steamed so that every piece of tomato tastes great just le you grew it in ur back yard. rotel has peppers. sarita, a new product, not just great for salsa but you can use it for a topping to put over fish or -- >> the condiment that continues. >> eve an burger. >> take your own tortillas and some pam and fry themup. i take a pizza cutteanday i in eighths. also the difference is that this has about one gram of fat for eight chipsersus other chips which are between five and ten grams of fat. >> big difference. toes tit is the brand w think of when whink of -- >> exactly. >> you can get the scoop of salsa. >> exactly. d i want you ttry this. >> i am going . >> this is clint's. this is a new product tt's come out. it was one of the winners of the fierfoods association. >> good. >> nice and clean. and also what you want to do is always read the ingredients. make sure they're not