hey, dell winning streak at eight. first, it's time for after-hours action in dell. tim goldman, our surprise guest again. >> rich santelli, good evening to you. you know, if i'm a surprise guest, dell's numbers are certainly a surprise amongst themselves. the company really just taking everybody off guard, releasing these numbers a couple of minutes before the closing bell. to say we were scrambling is an understatement. nonetheless, the company did beat the street. that 24 cents includes four cents of surprising expenses. so really the apples to apples here is 28 cents. >> so it was bottom line then or top line, buddy? >> it's bottom and top line. that is the one-two punch that analysts were hoping for. it's one thing to look at at improvement in the top line, but if that's from netbooks, then, you know, who really cares? but the real news here is the fact that dell did report improving top-line performance and they were able to translate that to the bottom line. so cost-cutting, improving business. gross margins, 18.7%, even in the face of the netbook sales. this

last week, both dan and mike did just that, with bullish trades on dell. that's where the similarities end. mike thought dell would go higher so he bought a call. >> just buy the 15 call. >> a call option gives you the right to buy a stock at a set price, the strike price within a set time. as the stock goes up, so, too, does the value of the call. in the case of mike's trade, he bought the del september 15 strike call for 45 cents. that's the most he could lose on this trade. >> if you're going to buy options, expecting the move is try to pick a direction. >> in order for mike to make money, he needs dell stock to move in one direction, up, or in his case, up above the $15 level by more than the cost of the trade, or higher than $15.45 by september expiration. on the other hand, dan didn't know which direction dell would go but he did think it would have a massive move either up or down. >> i think that the thing is poised to move. >> he bought what's called a strangle. >> i september. >> what does that mean? it means he bought both the call and the put o

david you don't own dell right? you sold it or you're not going to commit any money to it. >> the problem with dell like most of the tech stocks this quarter is the market has assumed an economic rebound that demand's going to increase and it's just not going to happen over at least the next six months if not the twelve months. you really want to own a stock specifically where there is revenue growth opportunity that can then drive better margeins and profitability, things like apple, smaller company cybase because mobile applications are going. there are stock-specific stories, but i think a lot of the tech sector has moved too much and it's moved on inventory restocking and cost cutting. >> so you like other specific names. rick, what about you? would you commit new money to dell and if not where are the names you would be buying right now? >> yeah, i don't own dell personally but i like it at this level because i see everything that's happening right now, we're two months away from windows releasing vista -- i al

but right now if we can get up that intraday chart of dell, there you see dell moving up. so it looks like it is a beat here. right on the other side of the bell we'll give you some more information on what exactly is going on here. bottom line is the dow is down as much as 80 points on the day. we did move up rather nicely first on industrials and then later in day on commodities -- there's the closing bell. you know who's next, maria bart rome poep bartiromo. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "the closing bell." i'm maria bartiromo on the floor of the new york stock exchange. and we have dell's numbers as you just heard. the company reporting earnings a couple minutes early right before the closing bell actually. 24 cents a share is the number. better than expectations. revenue also looking like a beat at $12.88 billion in revenue. net income coming in at $472 million for dell's second quarter. again, the earnings per share and the revenue looking to beat analysts' expectations. the stock rockets in the ext

particularly dell. dell is a seller to businesses. a lot of people believe, including me, that it's business that will lead us into recovery, not the consumer. so what did you draw from the della announcement yesterday about computerized sales? >> first of all, it was better than people had been expected, so i think the enterprise environment while still down year over year, wasn't down as much as people thought. so that's one important point. and second, the seasonality i point made earlier had a consumer tone to it, and enterprises are one to spend, as well, because that's obviously a big part of their business is enterprise. i think the take-away with both the enterprise and the consumer is that things are starting stabilize. >> and brian, come back to me on intel. what did you learn today from the intel announcement with the same idea? what does it tell us about corporate business spending? >> sure. intel basically is a supporting data point, obviously a very important one. we think servers is going to be a big deal going forward,

we thought dell, the stock, could rally, doesn't mean we love dell the company. they made comments on july 13th that were negative, they beat what they said in early july. good quarter, not great, valuations a little rich for me. i'd rather earn hewlett-packard over dell right here, but i don't think you can own anything at this point. >> we talked about on the halftime show the fundamentals of technology, the pc upgrade cycle, it's a matter of time. the problem with technology right now is the technicals actually are not lining up correctly. i think you pointed out micro. so, there was overhead resistance, if you look at a pricing action, it was so discouraging -- >> what was discouraging about it? >> it would have to be if you're willing to get -- >> you are the biggest microsoft pullout. >> microsoft lover. but you have to look at what the price action was. go back to the day before they had their earnings. the range was 24.84 all the way up to 25.80. what you saw was an opening back within that range and it failed, failed miserably, nothing but selling, nothi

dell is up. dell was up 5% the last time i saw you. than expected results. after the closing bell yesterday, a number of firms coming out raising the price target there as dell sees some improvement in the overall business. and then there's the intel news which broke this morning raising the revenue forecast for the third quarter from $9 billion from 8.55. definitely given a lift to all of the big cap technology stocks this morning. intel itself is up 4 1/2%. it's lifted apple, microsoft, research in motion, and google, all the big names are to the plus side. it's set up to a. good day. now with intel news on top of that you're looking at a pretty good day for technology. as i said, we're already up better than 1% across the board for the nasdaq. marvel is helping as well, certainly from a chipper expectative. it's up 7 1/2% today. earnings beat the forecast ahead of expectations as well. infosys is lower this morning on a downgrade at morgan stanley. the overall market has pulled higher and it's gone into positive territory. bebe stor

this is better for dell than intel.ll see the surge as people have old tech and businesses and consumersville to replace them. >> why wouldn't that be good? >> intel has longer term. remember they have to flood the computers to fill the inventory. it's better for dell in the short-term. intel has seen the results today. it's better now than two months from now. >> i am struck by what you said. intel was uncharacteristically more optimistically than usual. they are guard and they weren't. that has to count for something. >> for does and i have to say when intel had their earnings announcement, that was unusual, but to see the company a month later take the step of saying look, revenue is substantially better than where we thought it was and we were optimistic back then. this is not just a revenue story. we know that the low cost net books are selling well. if they can move the market to the personal computers which have higher prices and therefore higher margins, that's an indication that people are cracking open the che

dell's quarterly reports beat the street. the markets at this hour, a fairly mixed bag in asia and china. european stocks are stronger out of the gate. u.s. equity futures are pointing to a positive open at home. it is friday, august 28th, and "squawk box" begins right now. ♪ everybody's working for the weekend ♪ ♪ everybody wants a little romance ♪ ♪ everybody's going -- >> good morning, as mandy said. welcome to squawk here on cnbc. i'm carl quintanilla along with mandy, who has been spending the week with us. has it been worth your time? have you had fun? >> i had fun. i want to get up at 4:00 a.m. tomorrow morning, as well, carl. >> well, you're going to do this next week, in part, right? >> and you won't be here. >> we'll see how the vacations work out. >> okay. >> and our guest host this morning we think will add even more, tony craszenzi. and jim iuorio. weren't you just giving us the data 24 hours ago? >> yes, i was. >> i know you're still miking up, trying to give us a mild heart attack. the dell number res going to

we thought dell the stock could rally. doesn't mean we love dell the company.they made comments on y'all thenth pretty negative. they beat what they said back in early squul. good quarter, not grade. valuations a little rich for me. again, i'd rather own hewlett packard over dell. i don't think you can really own anything at this point.. think the prkt's going lower. >> we talked about the fundamentals of technology. john spoke about it. the pc upgrade cycle. that's coming.g. the problem with technology right now is that technicals actually are not lining up correctly. we spoke last night, i think you pointed out microsoft. there was overhead resistance. if you look at the price action in microsoft, it was so discouraging that i got out of my long position -- >> what was discouraging about it?? >> it has to be. if you're -- >> microsoft lover on the -- >> ding, ding, ding. >> you have to look at what the price action was. go back to the day before they had their earnings. the range was 2484. all the way up to 2480. what you saw from microsoft today was an openi

i think that's the issue dell has. i think they got to grow that indirect channel, and that indirect channel is a lower margin product. >> you're right, maynard. my daughters will buy anything if you put a pink case on it. steve, you have any thoughts? >> maynard, will they do what everybody's been hoping for them to do and look for them to do in some sort of growth fashion, by doing some sort of acquisition? question two, you're neutral on it now. why would they have to do to put it in the buy rating? zbli think what they have to do is transitional rating. if you look at the long-term, the pc and hardware business will continue top kmod ties. >> who should they buy? pearl systems on the services side, we think that's a good fit for him. it's a question whether ross perot will show his 25% voting share into it. i do think they need to move into the recurring revenue and hiker-margin business. would i like to see a quarter when the margins get hit and revisit the stock. that's my primary concern. over the longer term, i

tonight we talked to dell, the computer maker will report earnings on thursday.h dan and mike think the stock could have a big move even though the company preannounced lousy results back in july. both feel the stock has hit some sort of inflexion point and both think dell could benefit from an economic recovery. but that's where the similarities end. let's talk options. so a big move. dan, kick it off. what's your strategy? >> well, you know, we've had a lot of information on the company that held an analyst meeting in mid-july, preannounced the earnings, we saw hewlett-packard report and give guidance the other day. there's a lot of news out there, and most option traders would say i almost want to sell the options around this event because i'm not expecting a whole heck of a lot. and the implied move isn't that high. but what i want to do with this stock is actually gun through, you know, technically it's made a lot of higher highs and higher lows over the last six or seven months. stock's up 42%, almost double what hewlett is on the year. there is a positive

dell enjoying nearly 8.5% higher. hank greenberg tells cnbc that there's no truth that he's leading a grew buyback for aig. aig rose 26% on tuesday on reports of reaching out to determine how to run the company. well, you can get more news, videos and blogs online at cnbc.com. ross. >> still to come on today's program, as well, deflation unemployment hit record highs in japan. we'll assess the likelihood of the land slide victory and what it means to investors. the u.s. economy that long 1% in the second quarter, unchanged from our initial estimates. from post party sickness syndrome? there's a revolutionary cure. it's called cascade all-in-one actionpacs. and it's like adding the ultimate button to your dishwasher. because it has the power to pre-wash... dissolve... and rinse the whole mess away. so in the morning your dishes will feel like new again. and so will you. cascade complete all-in-one actionpacs. >>> okay. we've got the global up date markets. >> thanks, ross. let's take a check on the ftse 100. we are loo

dell earned 24-cents a share in the quarter, beating analysts estimates by a penny. revenues were down from last year, but also beat the street. coming in at $12.8 billion. c.e.o. michael dell says the p.c. maker has slashed operating costs and is ready for a turnaround in i.t. spending. he sees sales in the second half of the year coming in far stronger than the first half. >> susie: boeing doesn't expect any more flight delays when it comes to getting the 787 dreamliner off the ground. the plane is now expected to make its first flight by the end of this year with the first delivery slated for the fourth quarter of next year. production problems have forced boeing to revise its schedule 5 times. the dreamliner's initial flight was originally set for the fall of 2007. boeing has high hopes for the plane. it's expected to save about 20% on fuel and carbon emissions. boeing has sold about 800 dreamliners and expects to build ten a month by late 2013. >> paul: susie, boeing shares jumped four dollars even or 8% to close at $51.82. now let's take a look at some stocks i

it's held mostly positive due to the influence of dell and intel.o 1026 is where we closed last week. 1028 is where we are right now. as we approach the one-year anniversary of the collapse of lehman brothers, the top players at the firm, former ceo dick fuld, president joe gregory, and cfo aaron callen no longer wall street power players, yet they're far from forgotten as investigators continue to discuss what led up to the firm's bankruptcy filing in september 2008 and whether key lehman executives made proper disclosures about the firm's financial help as it was imploding. as we approach that historic date, a question often on wall street is where are they now? nearly a year after the firm's demise. well, we know because we have charlie gasparino. he's joining us. they're not here. let's start with dick fuld. >> can you believe it's been a year? it's amazing it's a year. it's amazing they fell from grace, how far they've fallen, and we'll go through each one of them. you know, fuld, eesz lohe's loor work. he start aid financial advisory firm. fro

and here's what the analyst said and why i think it's pretty significant not only for dell but for the technology sector in general. he says, "we are now more optimistic on the pc demand outlook and believe the downward mix shift has played out for the most part." interesting commentary there from broad-point amtech. the stock is up as i said about 2 1/2% today. other big moves in stocks today in terms of large cap tech, take a look at oracle. the stock is up better than 1% and it's now trading at nearly a 52-week high. apple, meantime, got the upgrade to its leopard operating system will be available on friday. it's a fractional move to the down side today for apple. but nonetheless an interesting story that people will be following. sears holdings, though, man, this just is a story that continues to eat up this stock price. down 2 1/2%. a negative mention in "barron's" over the weekend. it says cutting costs may not generate enough cash flow to mount a turnaround, a turnaround that was very much in focus, at least the prots prospects of one this past week, when sears holdings was out

but i think dell recognizes that problem.member, that they're primary focus is not retail, it's the enterprise. enterprises are not spending now. so, i think we're seeing an exaggerated impact on their market share. and when enterprises come back into a spending mode, i think their market share will increase again. >> all right. we will leave it there -- go ahead, mr. fries. sorry. >> well, i was saying, you know, overseas, there are companies that are similar, like a dell is depressed and s.a.p. is depressed. this company is certainly dependent on enterprises with their software. but, here again, i think that 18 months from now, this stock will be much higher than it is today. >> all right. we will leave it there. and we so appreciate your picks. that's certainly what many of our viewers love. mr. fries, we appreciate you being on the show. thank you for joining us. >>> let's get over to the nasdaq market site. melissa lee is there with more on what's coming up at the top of the hour with "fast money." >> hi, we'll talk abou

we're not a manufacturing facility for dell. we're the world headquarters. so this is where corporate office,. and the benefit for round rock has been we cut a deal with dell back in the early '90s, and we agreed to sell some of the sales tax that they generate. so now for the city of round rock, that's upwards of $20 million a year of sales tax that we collect simply from dell. but the manufacturing doesn't really affect us. >> okay. you know, just to follow up on that, mayor mcgraw, you mentioned lower taxes. if you look at your property taxes, they are one of the lowest in the nation, but your sales tax is up there at 8.25%. is it your experience that you can tax people on the sales taxes but you really can't go after them when it comes to property taxes? >> well, you have to have the right combination. our citizens have actually voted to increase taxes a couple times. one of the most successful ones is the citizens actually voted a .5 cent sales tax increase in the '90s strictly for road improvemen improvements. and we've been able to leverage that sales

>> dell, i think dell is a little stall here. it wasn't a good quarter.lmost everybody else had a good quarter except dell but you know what? it's a rising tide. it's going to lift all boats. i think you only have a couple points left in dell. i tell you, i don't favor here. there are too many other great tech plays. look at cisco. i own that for my charitable trust. the stock has sold at 22. i'd rather be in that. john in pennsylvania? >> caller: hey, big, big, big boo-ya from pennsylvania. >> i've not been there. it's a place i have not been. what's up? >> caller: just south of corning, new york. >> a southern tier man. good to have you. >> caller: it is gorgeous here, jim. we'd love to have you here. >> thank you very much. >> caller: anyway, sir, my two-part question is, what do you think the eagles are going to do this year and what do you think of the company pc. >> one is harder and one is easier. eagles, no problem. i was with sean mcdermott and went to practice, brian westbrook, training camp is key. i think the eagles go all the way this year, g

tech giant dell beats the street.l. as you can see that stock is up 9.3%. $16.04 in late trading and after hours trading. cnbc's silicon valley bureau chief joins us from the west coast with the surprising details. hello, jim. >> reporter: thanks very much, larry. indeed, a very good report tonight from dell. the company reporting 24 cents but you back out the 4 cents that were included as far as one-time expenses and the apples to apples 28 cents that beats the street by a nickel a share. the company's conference call this evening anticipates a pretty big refresh cycle as well as a powerful new product pipeline thanks to new products from intel and microsoft. he says the good times are only beginning at dell but, indeed, there is still lots of work left to be done. this is the kind of report investors were waiting for. now back to you. >> all right. jimmy, thank you very much. this could help with a big market opening tomorrow because technology is so key to this rally. now another gigantic stock market story, aig st

keep an eye on shares of dell. before the close, it came out with quarterly profit and revenue that topped estimates it after cutting costs by contracting out 40% of its manufacturing. a pickup in sales of low-cost net books. back-to-school sales have been pretty good, according to the ceo michael dell. back to you. >> thank you. everybody receives the infamous automated robo calls. nobody wants to get them. >> the federal government is taking action to put an end to the calls, thanks to rule changes. starting next thursday use to stop receiving them. john sherman explains. >> at harborplace tonight, we found plenty of people making calls, but nobody looking today robo call parikh >> i'm on the do not call list, but i still get calls constantly. >> rodney kennedy says it they it is self almost. >> i get to the automated calls asking if i want to sell something. i hate it. >> today the rules change. federal trade commission making any one of those calls after september 1 a violation of bilal, with a $16,000 per call

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dell started it all yesterday and it was better than expected. intel carried it on by raising the revenue. nine billion is what they are looking for. five billion and talking about the profit margins and the compelling story to talk about is definitely marvel. hasn't gotten that much publicity and given a lift to the semiconductor stocks. they had what was characterized as blowout numbers. it helped to lift all the chip stocks and up more sharply than negative territory. we would be in positive territory and well into it if we didn't see the weakness and from the consumer discretionary names. some of them are in negative territory. nearly the stories today. back to you. >> i like how bob complimented rick's appearance. let's go inside the numbers and find out if the good news will have a ripple effect. >> rick was dapper and that was loads of fun. this was big news. the ripple effect is a good way to put it. able to hold on much of the revenue outlook that is higher. intel said a stronger than expected consumer and they anticipate revenue about a

dell reports tomorrow. and show, ken's in trouble because i regard ebay aztec. i've got two techs.ely throw out dell, given the fact that senator fine gold just said it's very unlikely we are going to see any legislation for health care, even though we have gilliad, we have a medical device company, i need you out of dell, i don't case, buy tech strong, i need you to make that sell. >> sell sell sell. >> let's go to lynn in illinois. >> caller: good afternoon, jim. how about a 400 point 7-day run boo-yah to you! >> that's my kind of boo-yah! you have horse sense. >> caller: tell me if i am diversified. i hope i am. my five stocks are bp, british petroleum, eb, con ed, hd, home depot, mcd, mcdonald's and the always favorite, t, at&t, am i diversified, jim? >> when we think of portfolios on this show, we try to have a mixture of stocks that have good yields, some good growth, can withstand turbulent times. lynn's got it. wait, i'll show you. mcdonald's, straight out grower, okay? a terrific growing fast-food company, very consist. yields not that great, that's okay, because the stock

as is dell. and dell will be out with its earnings after the closing bell today. it's a critical report, because they're not only going to give us insight into consumer spending on pcs, but also technology spending from a business perspective. that will be interesting to hear, particularly the commentary on the conference call. but dell shares lower there. semi conductors a weakness. the stocks down 1.75%. intel is lower today, sandisk is, as well. finally, tivo is off about 5.5%. they filed a patent suit against at&t and verizon. it's over that so-called time warping technology. they did post a narrower than expected loss. our forecasting results below expectations. the ceo of tivo is coming up on "the call", bottom of the hour, and larry, we want to hear his comments. back to you. >> we look forward to hearing from tom rodgers. gdp falling, better than economists were expecting. and jobless claims falling to a four-month low, leading many to believe the economy is stabil e stabilizi stabilizing. how about recovering? but not everyone agrees. joining us to discus

you're selling at the lower priced earnings than dell.nd we think that hp essentially has kind of indicated that the bottom has been set in technology and there was no commentary about the back to school sales, we think that essentially hp with the printer ribbons and the manufacturers, taken market share from dell. the real issue is they weren't getting as much profitable in europe. >> eugene is a buyer. hold on. on tonight's "fast money" report, we have the tools you need to succeed in the volatile market. "power lunch" looks at the fashion magazine indicator. halftime report continues after this. >>> congratulations google, five years of giving microsoft -- the top internet analyst on the street has the trade. >>> the fed going city slicker on us, the street fight is just getting started as big ben nears a showdown. his case against the fed. >>> the pit boss knows what it takes to win on the field and floor. pete's training trader camp tonight. some people buy a car based on the deal they get. others by the car of their dreams. during

dell.s here. >> good and evil are constantly in war and the battlefield too often is the heart of man. josh hamilton is all too familiar with the struggle. drugs and alcohol cast him out of baseball and nearly ruined his career. but his redemption song last year told us he had conquered his demons but apparently not entirely. >> this photo, one of several show hamilton drinking and partying with women at a tempe, arizona bar. this happened in january, before spring training. hamilton won't be disciplined by the rangers. on saturday he did address the incident saturday with espn's colleen dominguez. >> it is what it is. something that happened back in january. you know, i resolved it with the people that i need to resolve it with immediately, after it happened. i called my wife and i called the rangers, you know, my family and told them what had happened. so it didn't go any further than that. >> is that the first time you had fallen off the wagon, if you will? >> yeah, it was, and it was pr

dell is higher ahead of earnings after the bell. key report to get a handle on what's happening from technology spending. intel is lower. apple is higher, microsoft is lower. microsoft is cutting the price of its top line xbox conceal by $100 to $300. that's the xbox elite. dollar tree is up 1% on an upgrade at barclays capital. they were ahead of expectations. isle of capri is up. tivo is up, they filed a patent infringement case against at&t and verizon against dvr technology and time warping technology. they posted a. >> narrator: rower than expected loss. open table is down 3%. they had an ipo a couple months ago. they're going a secondary offering as well. 3.3 shares there as well. downgrade at jeffries as j and j is halting development of a key drug that uses their technology. let's go to nesto at the nymexn >> melissa and mark were talking about breaking $70. i'm looking out at some of the futures chain. you have to go all of the way up to may of 2010 now to get a $75 hanle. traders are not giving much of a time premium anymo

but the tech laden nasdaq ined 10 points paly on intel's bot in third quarter revenue guidance a dell's upbeat ouook late yesterday. news of a dr in consumer confidence helped nd the dow to a 75 point lo at noon which was a drag othe market in general, leadingo a mostly lower ose. >> susie: whlpool is shutting down a manufacturingacility in evansvle, indiana next year. the move will eliminate 1,10 full-time jobs onearly 2% of its rkforce. the closinis among several anges in the company's manufacturing operations whirlpool sa production of so of its refrigerators will be transferred to anxisting plant inexico. the compy is still deciding what to do with 300 ployees who work at a pruct- development nter. whirlpoocontinues to cut costs as demand for big-tickettems has fallen ding the recession. >> paul: those whirlol workers wi receive unemployment benefits. but a gring number of jobless people will soon see the benefits run out as we continue our look at reving the economy, darren geh reports, many people who rely on unemploymenthecks are lookinto congress to keep those weekly payments co

cisco is weak, google is weak, microsoft and dell. and dell out with its earnings in a closely-watched report, both on consumer spending and certainly technology spending from businesses. chip stocks a weak point. the semi conductors down, components also weak. intel a half percent, sandisk weak, as well, and tivo off 6.5%. the news as you may have heard already on cnbc, filed the patent suit against verizon over the so-called time warping technology. they did have earnings and posted a narrower than expected loss. let's go to the nymex and matt nesto. >> thanks, scott. the big story here today is the commodities falling for the fourth day in a row. crude, the best thing you been say is it reached 70 and firmed back up, got as low as 69.83, we firmed back up to 70.62 as the last trade. natural gas, though, another inventory field of about 54 billion cubic feet in line with estimates, but traders here see nothing but down on that particular trade. 250 is some of the talk there. i'm hearing some people saying they're buying puts in the

we want to introduce the experts mary lou dell and dan jay are talking housing and real estate. susan has help smoothing the transition to retirement. gary hughs has advice about children and money and jennifer jokes and jordan goodman can help you get out of credit card debt. the number to call is 202-432- 9045. >>> today, president obama takes his health care reform sales pitch to montana. he'll host a town hall meeting there. these meetings have turned heated with people on both sides of the issue speaking their minds. samantha hayes has the latest. >> reporter: the questions and concerns from constituents keep coming in town hall meetings across the country n. sea caucus, new jersey. >> i'm covered and i want to -- the system is fatally broken and needs to be fixed. >> after all the rhetoric does congress intend to pass health care reform and if so how do you to pay for it, even if you have to have a tax increase. >> i would intend to pass a health care reform bill but i would intend to pay completely opposite of what is coming through right now. >> reporter: public meetings

one of the culprits is dell the upside 3.6%. am tech out with a note, not only positive on dell but positive on technology saying corporations are bound to pick up on their it spending, can't hold out forever and look keating manned picking up by 2010. oracle shares a, big tech names to the upside, oracle up .8. we are seeing a bit of tech weakness is in shares of intel and the upgraded, their arch nemesthem at constituenty, shar down .7 for intel. brian shactman for more on the oil trade. >> thank you very much. i appreciate t one of those things were there is so much going on it comes to oil prices now about a month away from the opec meeting, rhetoric ramping up, iraqi oil minister says they shouldn't ramp up production, like the prices, budgets better, 75 than 35. look at oil today. running toward $75, 7481, resistance there, past 75, smooth sailing to 80 and 85. i want it look at the rest of the con plex, everyone looking about nat gas, spread so wide historically, nat gas turned around a bounce off the lows, told it is jus

dell among them. intuit is going the opposite direction. down almost 10% on a downgrade at credit suisse. starbucks is up 1%. big news, we've been talking about, they're going to increase prices or they already have increased prices by as much as 30 cents on some drinks. they've slashed prices on some of those easier to make beverages at starbucks. tech data is upgraded at citi. flextronics a upgrade at citi. solar stock is on the move today. downgraded a number of them by jefferies. we're talking first solar, sun power, energy solar, energy con ver general. let's go to rebecca jarvis at the nymex. >> crude oil rallying. what's happening here? essentially the story isn't new, even though the price action is. as the buzz burns, everything that is priced in u.s. dollars reflats and oil is a prime example of that. heritage energy says the question is now, could we see another repeat of july in terms of price activity? prices in july bounced and then they stood still, or, in this case, does the rally have legs? he says he's watching technicals

at the nasdaq, actors, la dell? >> la dell. i thought she was great. everyone, oh, gosh, there was a gilmore girl. thank you, katie. >> post grad, oh, from the film "post grad" releasing this friday. that explains why i don't know who she is. i haven't had the time, the chance yet to not see her film. >> oh, at any rate, mark. >> i don't go to movies. i can't hear them. >> i know you don't. >> ear phones? they give us these ear phones and all those ear phones do is they make muddy dialogue louder but they don't make it clearer. >> this all may be true. as our viewers are no doubt aware, mark is sort of like a dog in that he hears selectively. selective hearing. >> i don't know what you're talking about. >> when they don't want to go out in the rain, they somehow, oh, can't hear you. when it's nice out. >> that's my dog. >> market reporters standing by. bob pisani, take it away. >> weaker here as the jobless claims number is a bit higher than anticipated here. it's been very tough in the game industry. crowd is here for gamestop. it's going to open down

dell.since the murders of bud and melanie billings the questions haven't stopped. why the billings? who might have wanted them dead? consider the information now bubbling to the surface. sources close to the investigation have told "dateline" that back on the night of the murders there was a second safe in the billings house and that it possibly contained large amounts of cash and that the robbers may have taken the wrong safe. so was this a botched robbery attempt that turned into murder? sheriff david morgan has always hinted there would be more, much more to this investigation, and thursday night he announced still another person of interest in the billings murders. >> tonight the escambia county sheriff's office interviewed mr. henry "cab" tice in relation to the ongoing investigation to bud and melanie billings and their murder. >> reporter: henry "cab" tice. tice was a business associate of bud billings and a close friend, a father figure to alleged shooter leonard patrick gonzalez jr

. >>> the nasdaq got an early boost from dell and intel. finished higher after posting a smaller than expected drop. intel shares added more than 4% after the chipmaker raised its third quarter outlook on increased demand. investors were less enthusiastic after rainstorms of an anemic rice in consumer spending. that's it from cnbc, first in business worldwide. now back to "hardball." >>> over the past several years i have had the honor to call teddy a colleague, a counselor, and a friend, and even though we have known this day was coming for some time now, we awaited it with no small amount of dread. >> join me a joan walsh and john than. the other day rush limbaugh said i had done something he would have got in trouble for. please explain. i said that last year ted kennedy passed the torch of the kennedy brotherhood to barack obama making him the next kennedy, and it was so clear to everybody that's what was going on. he said if he had said something like that he would have been accused of making an ethnic slur because i used the word brot

i have goldman sachs, ebay, dell computer, halliburton and gilead sciences. >> all right.ing. i own a lot of these stocks personal for my charitable trust. gig yack is a viable company, terrific. halliburton is an expensive drilling service company. and goldman sachs, the best bank in the world. i suggest people read the time article about them to learn the truth. show, ken is an trouble. regard ebay as two techs, i would absolutely throw out dell and given that senator feinstein said it's unlikely we see any change for health care, put it this way, i need you out of del, you can go buy tech strong. >> let's go to lynn. >> a boo-yah to you. you have horse sense. >> tell me if i am diversified. bp, british petroleum, ed, con ed, hd, home depot, mc, mcdonald's, the always favorite t, at&t. aim diversified, jim? >> when we talk about portfolios, stocks wit good growth and with withstand good times. lynn has it. a great company yield is very consist. not growing that much but home depot we have the highest yielding high quality retailer, the absolute right place to be with the

dell reported weaker earnings but still performed beyond expectations and the dow closed up at 37 pointswith a nasdaq up by three. >>> the fdic says its returns are down 20% in the second quarter. that's the lowest level since the early '90s. the agency that backs bank deposits still has a billions in reserves and has no plans to borrow from the treasury department. >>> identity theft can strike anyone, even the chairman of the federal reserve. ben bernanke's personal checking account was targeting when his wife anna's purse was stolen from starbucks on capitol hill. her wallet contained her checkbook, credit cards and i.d. numbers. they believe the perpetrators are part of a sophisticated ring of identity thieves. michelle? >> thanks. >>> just ahead on the "morning news," a british teenager sails to a new record. >>> and the aggressive brain cancer that senator ted kennedy fought. alabama. i'm semi retired and i'm here to tell a story. my parents all smoked. my grandparents smoked. i've been a long-time smoker. you know, discouragement is a big thing in quitting smoking. i'm a guy who h

you can shop around in stores and on-line and look at different manufactures like dell or acor, and ask for student discounts when you go to the store. ask your school if they have a deal with one particular company. often they give you a discount code to enter at a company's website. apple's got a back to school offer, buy a mac get a free 8 gig ipod and 13 inch mac book pro is on sale to students for about $1200. lastly, before you get talked into buying software you don't need like a copy of microsoft office, check with your school and see if they give it to you as part of your technology fee because you don't really want to spend money that you don't have to. andrea smith, abc news, nrk. >>> a fill-up turns into a holdup and the whole thing is caught on tape. why police believer this is no random crime. >>> good news about the housing market? this is through the roof. explain. oh yea, well for 6 months, customers get all three: fios tv, internet and phone for just $79.99 a month. oh, all right, see... you're just moving your fingers, aren't you? i gotta cut my nails. (announcer) now

micel dell says the c. maker has slashed operati costs d is readyor a turnaround ii.t. spending. heees sales in the second half of the year ming in far stroer than the first half. >> susie: boeing doesn't eect any more flit delays when it comes to getting the 787 dreamliner off theround. the plane is n expected to ke its first flight by the e of this ar with the first delivery slatefor e fourth quarr of next year. producon problems have forced boeing to vise its schedul5 times. the dreamlin's initial flight was originally set for the fl of 2007. bong has high hopes for the plane. it'sxpected to save about 20% on fuel and carbon essions. boeing has solabout 800 dreamliners and pects to build ten a month by late 20. >> paul:usie, boeing shares jumpedour dollars evenr 8% to clo at $51.82. now let's ta a look at some ocks in the news tonight. h5z4h5z-54zz--z4h5j5j5u65-[4z4- and those are the stoc in the news tonht, susie. >> susie: accused ponzschemer allen stford was taken to a texas hospital. he's being treated for an irregular heart beatnd a high pulse. but the chief nancial offi

mhael dell says the p.c. maker has slashed operang costand is ready for turnaround in i. spending. sees sales in the second ha of the yeacoming in far stnger than the first half. >> susie: boeing doesn'txpect any more fght delays when it comes to getting the 7 dreamliner off t ground. the plane isow expected to make its first flight by thend of this yearith the first delivery slated fothe fourth quarter next year. productionroblems have forced boeing to revi its schede 5 times. the dreamler's initial flight was originally set for theall of 2007. eing has high hopes for the plane. it expected to save about 20% on fuel and carbonmissions. boeing has sd about 800 dreamliners anexpects to build ten a month by late 13. >> pau susie, boeing shares jump four dollars ev or 8% to cse at $51.82. now let's ke a look at some stocks in the news tonight. z-z4h5z-54zz--z4h5j5j5u65-z4h5- and those are the stks in the news tight, susie. >> susie: accused poi schemer allen anford was taken to a texas hospital. he's being treated for an irregular heart be and a high puls but the chiefinancial office

crew, computermaker dell.that is your global stock watch. >> coming up, good news and bad news for the new ceo of aig who has been slammed for going on vacation just days after taking the job job. >> plus, it's quiet or is it too quiet? we'll investigate that theory, right after this. upbeat rock ♪ singer:wanted to get myself a new cell phone ♪ ♪ so i could hear myself as a ringtone ♪ ♪ who knew the store would go and check my credit score ♪ ♪ now all they let me have is this dinosaur ♪ ♪ hello hello hello can anybody hear me? ♪ ♪ i know i know i know i shoulda gone to ♪ ♪ free credit report dot com! ♪ that's where i shoulda gone! coulda got my knowledge on! ♪ ♪ vo: free credit score and report with enrollment in triple advantage. >>> it is 30 minutes past the hour right now. in the united states, investors get a revised read today on second quarter gross domestic product and the fdic updates its list of troubled banks. >> and in europe, the fsa floats the idea of a tax on financial transactions. >> and i'm ch