axel i understand that dr doom one of the many dr d. has been dr doom market over thinks that the us market is a subset double to a crash because prices have risen too steeply so do you agree with dr farber and if so how would you suggest investors hedge against that possibility and i think he is an optimist and the reason that he and i don't think it's the problem isn't the rising too steep of the right the problem is that complacency devic sendak's a measure of complacency what he has to be you have hunted is near record lows when people buy a rising asset and another way of the risk of the volatility that comes with that these are very weak and they'll be gone in a heartbeat we only have these our respect trade as in the market these days and if something doesn't work as normal they take a step back and so from that point of view a crash can easily happen i don't know whether it's twenty or thirty percent it can be more than that it can be less than that but that's a very very dangerous situation to be in and even if you don't believ

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it's the reports have an underwater terrorist conference with bin laden and dr. doom.d be more convincing than the evidence the egyptian court just convicted these men on. by the way, don't think when the people finally rise up against allsisi, they won't follow the same strict evidence. >> he's a dictator. i don't know why you need thundershowers tel ♪ ♪ now t-mobile is setting music free. stream all the music you want. data charges do not apply, on the data strong network. safety goggles? this breakfast burrito is exploding with flavor. i think you're getting a little carried away. morning, guys. dunkin's southwest steak breakfast burrito, with steak and fire-roasted vegetables, is packed with flavor. hurry in today. it's a place you've been before, but it's not on any map. so go out there, lose yourself, and find the truth. ♪ we're all born wild. ♪ let's keep it that way. the 2014 4runner. toyota. let's go places. [cheering and applause] >> jon: welcome back. my guest tonight, the host of hbo's "real time with bill maher." please welcome back to the program bill mah

it's the reports have an underwater terrorist conference with bin laden and dr. doom.ng than the evidence the egyptian court just convicted these men on. by the way, don't think when the people finally rise up against allsisi, they won't follow the same strict evidence. >> he's a dictator. i don't know why you need i don't know why you need thundershowers tel yo, untamed larger than life, i don't know why you need thundershowers tel move fast fruit flavor, watermelon, blue razz green apple. your taste buds dancing. it's the jolly rancher, we make it happen. untamed fruit flavor. jolly rancher. it's been a while. i've been using these bounce bursts.. ey bring outdoor freshness inside, so i guess i forgot i wasn't outside. behold. i love being outdoors. new bounce bursts, for more outdoor freshness. [ shutter clicks ] hi there! [ laughs ] i'm flo! i know! i'm going to get you your rental car. this is so ridiculous. we're going to manage your entire repair process from paperwork to pickup, okay, little tiny baby? your car is ready, and your repairs are guaranteed for as l

it's the reports have an underwater terrorist conference with bin laden and dr. doom.be more convincing than the evidence the egyptian court just convicted these men on. by the way, don't think when the people finally rise up against allsisi, they won't follow the same strict evidence. >> he's a dictator. i don't know why you need thundershowers tel i'm living the life of dreams. i'm living the life of dreams, with good people all around me. i'm living the life of dreams. no! i'm living the life of dreams. i'm feeling hopefully. feeling quite hopefully, it's right up here, turn right, turn right. with good people all around me. right, right, right, right, right! with good people all around me. ok look you guys, she's up here somewhere. with good people all around me. there she is! ra! come here girl! m feeling hopefully. ok look you guys, she's up here somewhere. d the light shines bright all with rough the night.around me. oh i don't know it. and the light shines bright all through the night. yes, you do. and the light shines bright all rough the night. oh i d42.t kno

of course, people like dr. doom on our website., pointed out the vix has had a 20% gain over the last two days. maybe volatility's back in the market. and then finally, the third story that's been burning it up all day is very yucky. it's about a medical procedure that helps people with c-difficile, one of the super bugs out there. i'm just going to say, fecal transplant. anyway, there's investment opportunities in that, and we took a look at it, and it's on the website and people are interested. >> wow. >> i did tweet out a great newsroom joke about that that i can't say on air, but if you follow me on twitter, you get the joke. >> i appreciate that, allen. >> take care, kelly. >> thank you, for now. unfortunate stuff for people dealing with this, by the way. >>> the pacific northwest legally lighting up today. washington joining the ranks of states where pot is recreational and legal to a grand total of two. is washington ready for the handling of finances at the cannabis craving, though? the answer to that is coming up next. ♪ o

daniel nasan, aka dr. doom. he's been putting me through all kinds of torture.ut in? >> i don't know where he gets the tooth from, but the shading and the detail to make it look like the other. it's insane. so i've got a rod up here and i've been taking selfies the whole time and watching the world cup from a reclined position. [ applause ] >> jimmy: i have to say, i feel like dentists hire guys to knock other people's teeth out at basketball games. >> that makes sense, keep them in business. >> jimmy: it's definitely a profit center. >> is it ever a good time, ever? >> jimmy: at the dentist? yeah, sometime it is you get enough of that gas. >> then it's fun. >> jimmy: if you get gassed for a cleaning it could be a lot of fun. you're from new york originally. >> i am. >> jimmy: fourth of july, i grew up in brooklyn. sometimes i try to explain this to people. what was fourth of july like when you were a kid growing up, and what part of new york from you from? >> lower east side. it's a huge deal. it's a major, major event. i grew up in a neighborhood where, to be

daniel nasan, aka dr. doom. he's been literally putting me through all kinds of torture. it's just been rigorous. >> jimmy: is it a real tooth he put in? do they pull one out of a dead person? >> i don't know where he gets the tooth from, but the shading and the detail and everything that goes into it to make it look like the other -- it's insane. so i've got a rod up here and i've been taking selfies the whole time, trying to enoy the experience and watching the world cup from a reclined position. [ cheers and applause ] >> jimmy: i have to say, i feel like dentists hire guys to knock other people's teeth out at basketball games. you know? >> that makes sense, keep them in business. keep it going. >> jimmy: it's definitely a profit center. >> is it ever a good time, ever? >> jimmy: at the dentist? yeah, sometimes, if you get enough of that gas. >> then it's fun. >> jimmy: if you get gassed for a cleaning it could be a lot of fun. you're from new york originally. >> i am. >> jimmy: fourth of july, i grew up in brooklyn. sometimes i try to explain this to people. especiall

. >> well, mark faber is once again living up to his nickname of dr. doom, predicting a big drop in stocks. he joins us now on the phone from zurich. mr. faber, welcome back. good to have you on. >> thank you very much. >> what kind of a correction are you looking for and when? >> actually, i was looking for a correction, but now i really think that we'll make peak sometime within the next 30 to 60 days. and then go down meaningfully. >> what's meaningfully? >> well, 20% to 30%. >> 20% to 30%. so -- >> don't forget, many stocks are already down 10%. the home builders are down roughly 15%. airlines have just dropped around 10%. you have lots of individual stocks that are down 30%, 40% already. so we're not exactly in a uniformally strong market. the russell 2000 which represents 2,000 companies is down 2% for the year. >> right. >> and big deals, the s&p is up 6%, whereas the philippines, indonesia, india, thailand, vietnam are all up between 15% and 25%. >> yeah, well, from a much lower base. let me just say, i'm sure there are people listening to this, the

what does dr. doom think about that? joins me now. it's great to have you here. think that there is no near-term economic impact and there is no fallout in the markets. >> i would say, at the present time, the news is always viewed as positive because even bad that the fed and other central banks will print more money. we are in a bubble. and a bubble, people are optimistic and there is euphoria about prices going higher. that may be possible. our stocks at good value is the question? i don't think u.s. stocks are particularly good value if you look at price to book, if you look at the market capitalization as a percentage now at theomy is second highest it's ever been, the highest was in 2000. market cap is the economy was of the this high, it ended in tears. >> you have been calling for correction on the s&p since 2012. you're calling for 30% correction but we keep not getting it. why will this time the different? correction ofr being positive about equities since 2009. 666.the s&p 500 was up keepsk the reason why it going up is the liquidity that fed and creat

. >> perfect time to took dr. doom, marc faber, the editor and publisher of the gloom, boom & doom report. warns the market is setting itself up for a crash, worse than the one in 1987. marc is blaming the fed. we'll join us ahead. >>> also new york senator chuck schumer defending the u.s. import/export bank. it's scheduled to expire at the end of september. provides financing and credit insurance to u.s. and foreign firms in an effort to stimulate american exports. find out why schumer is teaming up with big business in battling republicans in this unlikely fight. >>> and check out the new ferraris parked just outside the new york stock exchange today. which one do you want? >> that's how you got here. >> that's how i got here quickly today. >>> and uncertainty over the economic recovery hangs over wall street. ferrari's interim ceo will tell us how his business is doing. stay tuned. you'll watch kelly drive one of those babies down wall street coming up. about speeds and feeds. it's all about latency. it's all about

dr. doom's greatest hits, every time he predicted doom. those are heavy-hitters.ter pretty much. >> i did notice, it's great to have you back. >> thank you, kelly. up next, we will look at the data. we will talk more about twitter trading up almost 32% to $50 and change. come friday, don't miss "closing bell" when reality tv star john tapper returns to the closing panel. we'll be right back. ♪ everybody nigh you didn't give for the lip to big john ♪ ♪. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a research tool on thinkorswim. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready

dr. strangelove isn't one to go with this one. >> it's a joke -- >> the dooms day machine isn't ready yet. >> he was the biggest fan of expanding executive power we have probably seen in the white house for 100 years and now he's upset because obama working with business, this is what they don't get, he's rrp working with businesses to implement the law so that businesses have less burden. a lot of corporate america now is worried because if this suit goes forward, it means all the time they come in and say, hey, can we put off that epa regulation for another six months while we get ready? they won't be able to do this. >> let me go to commercial. isn't it ironic, sir, the republican party, which has also opposed too much regulation and supports business leaders which is fair enough, that's their deal, that's their constitch wnlsy, now is saying the president wasn't tough enough on the employer mandate, he didn't push it hard enough. ironic they care about that. >> yes, it is. that's what's so strange about all of this. there are the brand issues they have fought against for years. i have

doomed flight. a friend says he was a wonderful man doing great work in the world. he was also planning his 50th birthday celebration. his life and so many others cut tragically short. dr gupta, cnn, reporting. >>> well, the victims came from all walks of life. another a nun, another an employee for the world health organization. and some were heading on vacation. caroline's gloe glowing personality will forever be in the memories of her family and friends. >> caroline seem to make the impression on every she met. >> she could brighten anybody's day. she just was so full of energy and so bright and thoughtful. >> and talented. a former member of the rowing team, the fourth year doctoral student at indiana university was studying computational chemistry and teaching undergraduate chemistry, which the department chair says she was fantastic at. is she was very outgoing, very straightforward. she smiles a lot -- she smiled a lot. >> the dutch citizen was taking a few weeks off from her studies to visit family and travel. her family posted the news on karlijn's facebook page saying our beautiful, daughter was in the plane that crashed together with her boyfriend laurens. w

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