bell, we have dupont, travelers, united tech and u.p.s. and then this afternoon earnings central headliners include apple and at&t. more than 20% of the s&p 500 have already posted results. the latest stats show that 64% beat their earnings estimates while 50% beat on sales. if all the remaining companies were to post profits in line with expectations, s&p earnings would be up 3.1%. this morning, take a look at the u.s. equity futures, fairly unstoppable market. dow feature futures up by anoth points. in corporate news, there was an accident with the southwest airlines jet at new york's laguardia airport last night. the landing gear collapsed after it touched down. more than ten people on board were said to be injured. that boeing 737 was coming in from nashville with 149 people on board including the crew. an ntsb investigator surveyed the damage on the runway. >>> also sac is firing back at the u.s. government. the wall street journal reports the firm sent a memo to all employees with a rebuttal to allegations that steven cohen failed to

look at dupont. this is very typical of dupont.than last year's second half. utx made a similar comment. so did illinois tool works. a lot of companies saying the same thing. if you look at the estimates, what's going on so far for the third quarter which is what mattered, we're expecting 5.6% on the s&p 500. july 1st it was 6%. that's not a huge difference. they're not dropping estimates that much. that's a sign they're all trying to hold the line in the second half and say we're going to make earnings and we're not going to be cutting the numbers sig karntly. for the current quarter, everybody is interested. fair, no the a great quarter. 3.8% growth. i think we can get the 5% to 6% still. microsoft and google really messed things up. better than feared. growth has accelerated a little bit. let me show you the other reason i'm a bit optimistic. there seems to be a lot of money on the sidelines. remember what happened in june. huge outflows from bond funds. look at this. $60 billion. this is according to alliance and morningstar. o

peltz has made an investment in dupont.d take a look at this chart, while we were talking today. the stock jumped about 5%. sources telling us that he is amassing a big stake in dupont. unclear what his plan is, because when we asked him the question -- and i think i asked it to him at least two, if not three times -- he effectively said no comment. but a little bit of news being made there, simply in his nonresponse. the other big news, of course, being that he finally after months of speculation explaining what his investment thesis is behind both pepsi and mondelez. he has a $1.5 billion stake in pepsi, about a $1.4 billion stake in mondelez. he wants pepsi to buy mondelez, all stock, $35 a share. it would be about a 16% premium. take a listen to what he had to say about it. >> pepsi right now doesn't love the deal. okay? and i'm asking all of the shareholders of pepsi and mondelez gets your cards and letters out and send them to the board of pepsi and mondelez to back this transaction. because, andrew, if the transactio

there's also speculation about a pelts stake in dupont. dupont was a big mover on the news.u listen to pepsi, you don't get any indication they're willing to listen to this idea from mr. peltz. >> i'll just tell you, i think pepsi works either way whether they listen to him or not. it's a fabulous business. i like the stock here. but i wouldn't want to bet against peltz. to the dupont thing, we don't know what his intentions are. we can guess given the fact that agricultural has become important at dupont. i'm long the stock and steph is long the stock as well. we were very pleasantly surprised yesterday, but there are so many different ways to win in dd. i wouldn't be surprised if that thing trends higher for the rest of the year. >> i think it's interesting because the stock didn't have a big reaction after he said that. that's something do your own homework, don't jump in just because nelson peltz is long the name. >> they both popped. the minute that andrew and nelson were talking about pepsi and mondulez they both popped. >> and then pulled back. unlike dupont which is

art hogan, buying dupont. was that a surprise to you? nelson peltz buying dupont? >> you know, that story has been around for a little bit and, you know, it's, you know, this was sort of a revelation to anybody it shouldn't be. it's one of those things that we've speculated on, but the -- the valuation or the point at which he's making this decision is important. it's a turning point. the stock -- for a certain period of time left it for dead and i want to shift, there's one to shift into, and if you can make changes in management and changes on the board, it's the right time to do it. >> abigail, let's talk to carl icahn for a second. i'd rather stay away from the dell politics. it's all so murky and the rest of it. did you hear anything, did icahn come up and say anything that he's going to take positions in other companies? >> you know, unfortunately, larry, i actually missed icahn's live interview so i'm not able to comment on that. i know, i was kind of in transit here. >> he didn't -- >> go ahead. >> lobbed insults left and right and knew an insult was coming

i said paint. >> dupont also declining to comment on peltz's reported stake.responded closing up more than 5%. it also noticed a spike in trading volume on dupont between the hours of 3:00 and 4:00 p.m. eastern yesterday as significant spike when you look across on the bar chart, when the news was first reported. >>> peltz wants to shake up the snake food business. he's calling for pepsico to buy mondelez for about $35 a share in a deal worth more than $62 billion. peltz, who played a role in the industry's biggest deal, says pepsico is at a crossroads. he says the company doesn't pursue the deal, it should split frito lay off from its drinks business. speaking at the delivering alpha conference as well, peltz admits he can't compel pepsico to make the transformational deal. >> you've talked about this. >> i have. >> my understanding through my own reporting is you a meeting planned with irene rosenfeld, the ceo of mondelez in the next couple of weeks. >> i do. >> what has been the response from pepsi? >> okay, pepsi right now doesn't love the deal. okay. and

asked andrew peltz whether it was true he had amassed a stake in dupont.t mr. peltz had to say. take a listen >> i learned literally in the past two hours that you have just amassed and are continuing to amass a very big stake in dupont. can you comment on that? >> andrew, you asked me in the green room about ten minute ago, if you say dupont, what comes to mind? you remember what i told you? i said paint. >> that's it. paint. all you're going to get out of mr. peltz. >> that's all you need to know really. >> and you're right because the stock popped on the headline hitting a new 13-year high. tomorrow analysts on revenue of 10 billion. two things on the conference call, analysts talk more about peltz and a subject close to your heart, titanium dioxide. >> i really do. >> housing and china in china, prices come down so the streets will want to see what they say about the guidance. >> that's the substantial that makes paint whiter. >> right. >> and there's been a glut so prices have really come down and on the back of this a lot of companies have been looki

it makes me wonder what can he do at dupont. there will be a sale of titanium dioxide. that was interesting. i'd love to see how much he really owns. the best sort of defense that this company has is how big it is. at 50 some odd billion in market cap, he needs to buy $2.5 billion at least. that would trigger a 13 d filing and we get to see what he's up to and why. that might be too big even for him. really the next time we may see if he has a position would be in his 13 f filing which would be august 15th and that would be the normal 13 fs that we always file that you need to announce any stake that you have if you manage more than 100 million dollars. i wouldn't chase it but i think it's interesting here. >> the board is not staggered meaning the whole board can be tossed out. >> yes. it could be difficult given the size but it could. >> so he owns no stock? >> we don't know. >> i'm saying if he owns no stock you still like it? >> i do. except that i hope there wouldn't be a nelson peltz premium to come out. >> mike khouw, in

they don't fit the new dupont. what he wanted to do was break this company up into a fast growing science and feed the world enterprise then a second commodity business that has been holding this back. i think coleman will eventually come around to peltz plan, but should do it now. what i said about peltz, if you buy a stock he has amassed a position in, you still make very good money if you buy it on a day when everybody learns about it like today. how about leon cooperman? what did he like? well, i'm not going to give you all ten. some were too small, some too hard to understand. he doesn't think this year will be as robust as last year, but he's still got some great opportunities including selling bonds, not too late to do that, and buying among ten. express scripts, qualcomm and often lightning round picked. the most successful, a top flight pharmacy benefit manager. stretch it out, seems cheap. qualcomm is considered a toll taker from everyone that uses its intellectual property. that's pretty much everybody.

dupont is exploring for the chemicals unit. shares dwindled as investors sold off at twice the volume. closed at 57.12. >>> some at&t, the dow component reported higher revenues than expected as it added more than half a million wireless subscribers but profits slid 2% as operating expenses jumped. shares were slightly higher closing at 35.81 6r7b8g. >>> travelers said it would cut prices and costs to maintain margins. despite profits well above they lost interest in the stock and travelers closed down nearly 3% on triple the usual volume 82.21 the close. >>> ups warned last week the cfo said results were below expectation because a disappointing performance in freight forwarding. ups does expect growth in earnings. shares dropped a dime on the day at 87.51, down a fraction. >>> netflix shares fell 4.5% today. investors got a chance to react on news we told you about last night that quarterly earnings were better than expected but new subscribers came in lower than analyst estimate. shares are up more than 180% from a year ago.

dupont came out and said that today. united technologies, illinois tool works, that's a major reason the market's holding up so well. another major reason is there's a lot of money on the sidelines. take a look at what happened to bond outflows in june. $60 billion in outflows in bonds, and only $7 billion in inflows into stocks. where's all the money? what happened to it all? it's sitting in money market funds and it's sitting in deposits in banks. that money, of course, michelle, sitting on the sidelines could potentially be drawn into the market if we continue to hit new highs. that's some of the comments from a lot of the people down here, who are modestly bullish. i'm quite surprised considering the valuations are a bit on the stretched side. >> i've wondered that, when the cash comes back, does it go to stocks or bonds? after the big rally we saw, who knows? bob, thank you so much. >> okay. >> we have an hour from the close. the dow and s&p 500, as we've been saying, trying to close at new record high again today.

. >> dupont, shares rising after nelson peltz taking a big stake in the name. listen to what he said yesterday at the alpha conference. >> i have learned that you have just amassed and continuing to amass a very big stake in dupont. can you comment on that? >> you asked me in the green room about ten minutes ago, if you say dupont what comes to mind? do you remember what i told you? i said paint. >> paint. >> so, yeah, there are a lot of theories here. he can force the breakup of businesses or dye vest tour of certain businesses. >> two times normal volume, 52 week high. the valuation is a stretch. 13 and a half is not unreasonable but lets look at last quarter. i would sort of stay away from this name given the move it had, wait until they report next week and see what they say about emerging markets, europe, the weather which i guarantee will come up in that conference call and look to buy it cheaper. i don't pile it on the back of the peltz comments. >> one theory is they devest in the whitening substance of paint. anyway, still ahead bk may be polishing his

imagine a smaller dupont.nd growing product line in the props and plantable land in the world is finite and the things they provide will help expand the yield out of there and they had a setback because of the wet weather but the story is intact. dennis: thanks for being with us dagen: update you on that crash landing at la guardia airport late yesterday. the new york airport is fully reopened following a malfunction with southwest airlines operated boeing 737, the aircraft's landing gear in the front but the link which led to a hard landing skidding on its nose. no one was seriously hurt, including three crew members. this, another headache for the aircraftmaker boeing. joining us from washington before -- for four years we had such a safe run for the jet industry the best since jets were first invented. three crashes in the last two weeks. what is going on with these incidents? what is going on with boeing aircraft? all of these planes were boeing planes. >> that is true. they are boeing airplanes and they h

on the long side, nelson peltz has amassed a big stake in dupont. and leon cooperman, 10 for 10 with his stock calls last year at our conference, sees big potential in a number of names, most especially sandridge energy. >> well, basically, i'd say that sandridge has the potential for doubling, and if the price of oil and gas move lower, they can go bankrupt. so, you know, risk -- risk and reward. >> that, of course, was cooperman's answer to david faber what's the highest risk and highest reward of all of the 10 picks. all in all, a lot of market-moving news. i'm keen to see what carl icahn has to say about 45 minutes from now. of course, we're one day away from the all-important dell shareholder meeting where he's urging folks not that take the management buyout and hoping to provide an alternative that will allow investors future upside in the company. >> yeah. we're all listening for carl icahn. thank you so much, kate kelly. >> by the way, the shares of dupont closed at a 13-year high today as a result of the revelation by our andrew sorkin. sh

dupont sharee up big. wall street's profit expectations, nonetheless the stock is up nearly 4%. got to talk about netflix, it was down, way down earlier, now it's coming back. remember, please, it signed on 600,000 new subscribers for the streaming service, that's 8 bucks a month all the way out there. got almost as many subscribers as h.b.o., that's a takeover. now it's down 1%, 2.58 on netflix, watch that today. the royal baby coverage has no doubt about all over your tv screen. what about your social media, specifically twitter? twilect, special name, developer has been on the program, creating an algorithm monitors twitter activity on a sentiment basis. i've got to get this right. tell me the sentiment indicator, how the americans feel about the birth. >> americans love the baby. and if america is right, the baby's name is james. and they've been tweeting in a positive bracket about the baby. >> you're not just counting mentions of the baby, it's the sentiment. >> positive or negative and degrees there

just the acknowledgement that she might get rid of it has vaulted dupont 10%. even if it does bring in a huge amount of cash. just yesterday ppg sold its stake in transitions, a sunglass company, for $1.73 billion. transitions have been propriety but new technologies have made it less special so the ceo decided it was time to cash out. now let's talk about the dog eat dog world of commodities. if you asked me what the least voluble, most easiest product to come odd tiez on earth, i would have said fertilizer. the only way to keep the price up is to informally limit production. an outfit called uralkali is going to flood the market with potash. this market is not about the long term. it is about chaos. as one after another analyst down graded it, it turned out it was like a slap happy cartel all along. it can lead to a phenomenal set, repeated up side surprises and that is what happened to international paper under vigorous leadership. there is nothing less propriety than uncoated sheet paper. commodity! same with container board. do you care what kind of card b

beltway crowd has a book in july "this town" all about that, about the inside scene in washington in dupont circle, in the georgetown salons, that book gives a story and the color of what washington and the political media establishment's about. the first -- for fun, a book i look forward to reading is calledded "mice and willie," the parallel lives of baseball's golden age, one of the favorite sports writers, and i was just down in spring training in arizona watching the cleveland indians play baseball, and i ran into willie mays, getting up there in age, but the book is great looking at the two men who came of age at the same time, became stars at the same time, and formed a lifelong friendship, something i never knew, and that's a great book, a big book for baseball fans this summer so that's the list, and looking forward to reading them all. >> let us know what you are reading this summer. tweet us @booktv, post it on facebook, or e-mail us at booktv@c-span.org. >> first amendment attorney, floyd abrams, who remitted the "new york times" in the pentagon papers cases recounts the career

tuesday morning we get results from dupont. oh, boy. you'll likely hear an impassi impassioned defense of their business model by the ceo based on science and enziems to promote better food and safety. you'll hear that paint is a good thing too, though. i say paint because that is the word used when he told us he'd taken a massive stake in dupont at the alpha conference. i think he's going to push for the spin-out. let me just say up front, i don't think the earnings will actually be that good. i think you could sell off. the pullback might be your opportunity to buy. when you buy after he announces his position, he has a successful track record, and you can too. after the close tuesday, apple. hey, looks like everyone else in tech is now doing as poorly as apple. at least when it comes to missing projections. misery loves company. i don't think it's the earnings anymore. my trust owns some. it's cheap. if they announce a killer new product and give you a date of when it's coming out, it can go higher. that's what we want to hear at thi

tuesday morning, we get results from dupont. oh, boy. you will likely get an impassioned defense by their ceo to promote better food and safety. you will hear that paint's a good thing, too, though. used when he told us he had taken a massive stake in dupont. i think he's going to push for the spin out and paint added businesses. i don't think the earnings will be that good. the pull back might be your opportunity to buy. he has success track record and you can, too. after the close tuesday, apple. hey, it looks like everyone else in tech is now doing as poorly. is apple down as much it can work its way higher? i don't care anymore. my trust earns some. it's cheap. if they announce a killer new product and then give you date of when it's coming out, it can go higher. that's what we want to hear at this point. no one's really thinking the earnings are going to be that good. foreign reports on wednesday, is europe at last under control? malawi told us recently when he came to the show, he said maybe it can kind of stop worrying about europ

it's 80-something today. >> we're continuing to watch shares of dupont today.ltz is taking a big stake in that company. up 5%. peltz would not confirm or deny the report. also, carl icahn making fuse, he criticized michael dell's be id to take it private. shareholders expected to vote today on that proposal or perhaps not, we'll see. although a vote could very well be postponed. we will have more on that story in just a couple minutes. >> today is the second day the bernanke has been on capitol hill. it might be the last time, the senate banking committee gets a shot. joining us is former fed governor randy crossner at the school of business and the founding and managing partner of dls capital management. we have been back and forth so many times on this i wonder if people, i know a lot of people in the normal network morning shows probably aren't debateing what bernanke said, i wonder if we overdue it so much on the past two months. he has always been data dependent. we know. that anything changed either yesterday or even on may 22nd? >> those eyebrows look a

finally, look at coleman over at dupont. look what she had to say.is the reason the markets are holding up here. we anticipate sec half earnings will be significantly better than last year's second half. guys, that's what's motivating stocks, the second half. back to you. >> all right, thank you. >>> music for the earnings parade has begun. seema, wall street is looking for even more blockbuster earnings for the rest of the week. we're going to get apple in a few minutes. what else have you got your eyes on? >> tomorrow, wall street will hear from facebook. analysts will be once again focused on the social media firm's revenue growth as more consumers use their phone to log into the website. other big-tech names are qualcomm and western digital. biotech earnings kick off on thursday where. three stocks are up more than 50% this year. and, of course, all eyes are now on apple. the street forecasting a 21% drop in earnings per share, which would be a third-straight quarterly decline, and that's primarily due to heightened competition in the smartphone

chemical company dupont turned in a 12% decline in earnings for the second quarter and is considering the sale or spinning off a chemical unit. radio shack topped revenue estimates, but losses widened as the electronic retailer struggles to turn around. and investors have an appetite for wendy's. the stock rose to a 5-year high on a better-than- expected profit. wendys is also introducing a pretzel burger and selling 425 stores to franchise owners. taco bell is canceling kids meals. the chain says it will instead focus on appealing to millennials. meanwhile, a new national effort is helping restaurants expand menus. the national restaurant association says more chains are offering healthier options for kids. it's not just chains jumping in on the trend. "we also have independent restaurants participating, along with museums and theme parks. it's really become a nation-wide movement." that was joy dubost. earlier this year, a study by the center for science and the public interest found 97% of kids' meals were of poor nutrition quality. dubost says if that study were done today, the da

look at that play. >> and speaking of dupont, jim,'s "six in 60" is up after the break.t scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. announcer: announcer: you're on the right track to save big during sleep train's triple choice sale. for a limited time, you can choose to save hundreds on beautyrest and posturepedic mattress sets. or choose $300 in free gifts with sleep train's most popular tempur-pedic mattresses. you can even choose 48 months interest-free financing on the new tempur-choice with head-to-toe customization. the triple choice sale ends soon at sleep train! ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> i learned literally in the past two hours that you have j

working to to stop the barriers to trade but you know it alexis it's ok because when santa along with dupont just launched this new website called juno answers dot com where they answer all of this is a lot of splaying to do and they answer a lot of grievances they talk about how healthy g m o's are providing transparency of course the issue why do you think now i mean you know this web site are they really feeling the mounting pressure here for what is going to happen eventually in the united states will probably pass the labeling law and washington this year in november it'll be a ballot initiative and we expect it to pass that's the beginning of the end of this type of secrecy where consumers don't know what they're eating you know month santo democracy because democracy works against them the new york times just did a poll showing that ninety three percent of americans want to know what they're eating and whether it contains genetically modified organism also in that poll it showed that more than half of us would not eat at the modified foods if we did if we know so clearly democracy doe

wendy's and dupont are having opening numbers.so waiting for apple's closing numbers after the bell. we're also watching and netflix down $10 a share. we will have more with rob black coming up in 6:45 a.m.. >> the time is 6:30 a.m.. we want to take a look at the weather. >> we're still dealing with scattered showers. portions of the north bay are really starting to clear things up. later on this afternoon it will still be foggy and humid. we do have big changes to talk about and i will have more details of what to expect. >> we're just getting an accident reported that has the potential to be a hot spot on 880 in hayward. now this is towards union city. we may just have to lanes blocked on the mimic freeway. a look at your ride on the upper east shore freeway. this is your trip to the bay bridge. here is the ride coming past golden gate fields. we are still looking pretty good but it is starting to get heavy at the bay bridge toll plaza. the back of remains about 14 to 16 minutes from the westbound ride. >> in san jose, investiga

we have solid numbers from dupont, even u.p.s., which had sent up warning signs last week that it wouldwith a bad earnings report. itting somed to beat wall street estimates. still quarterly earnings illusion that we like to bring you. >> many thanks. >>> still ahead in the newsroom action a family in need of help after a car crashes and overturns. yes, george zimmerman came to their rescue. we'll tell you about it action after a break. ♪ you're not made of money, so don't overpay for boat insurance. geico, see how much you could save. 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! >>> peengs describe it as a bang and a bounce. the southwest airlines plane was landing at laguardia when t

that's the unit in dupont.t's a different type of unit than what we're talking about with dow here. the performance is all your units perform basically. so we'll talk to andrew liveris. we will get more details on dow chemical. so far a penny ahead an better-than-expected revenues. >> the outlook is relatively big. there is a section called "the outlook." et says the company is well positioned to deliver year over year earnings improvement in 2013. they don't give you numbers with that. they have already announced plans to di vest $9.5 billion and expect to implement more portfolios over the next 12 months. i wonder if that's an answer talking about dupont looking to assess the chemicals performance unit. ths something we can have andrew liveris when he comes on. >>> cbs and time warner cable are in a standoff. although, viewers won't see channels disappear just yet. julia borstens joins us with more on this developing story. julia. >> well, becky, cbs and time warner cable have extended their deadline for the

font alter the have genetic coated of seeds creating tomatoes and apples with a longer shelf life -- dupont. soybeans resistant to drought. many farmers believe this increases crop yields and offer the convenience of spraying weed killer without affecting the crops. cattle eat the gm. oh corn in their feed so it's in their milk and meat -- same going to -- goes for chicken. there's now a move to inject an eel into the sam none make it bigger and fatter. some are concerned about what affect all this is having. >> we now know it's showing up in the cord blood of newborn babies. >> ken cook president and cofounder of the environmental working group admits the studies are lacking but the initial findings they have made are troubling. >> we have a study in the united states that involved feeding animals grain that has this insecticide in it built into it by monsanto and other companies and it showed problems with the animals with their stomach linings with their gut. >> there are some indication ships there may be a link to food allergies -- antibiotic exposure and increased ex spoer shesh -- ex

engineered material.ne >> reporter: er modern engineering allows biotech companies like mon santo or duponte genetic code of seeds. soybean and corn resistant to drought and weed killer and potatoes that produce their own pesticides.ices genetically modified seeds increase crop fields, and giving them the convenient of spraying and saving the crop. and the same depose to the chice ebb -- goes to chicken. and they are now, injecting thee salmon to make it bigger and and fatter. some are concerned of what this may be having. >> it's showing up in the coree blood of newborn babies. >> reporter: they admit the studies are lacking, but he says the initial findings they haveha made are troubling. >> we have a recent study hereuy in the united states that involved feeding animals grain that has this insecticide in it, built into it, by mon santo ando other companies, and it showedsd in problems with the animals an with their stomach linings withh their gut. >> reporter: there's some indications there may be a link to food allergies, antipieio anc exposure, and weeds and bugsgs have adapted and far

bank of america, united health group, dupont, even boeing, which has been interesting given the hiccupstill, boeing wenning today. the dow looking pretty positive overall for the week. i am feeling positive because i have david asman with me this hour. david: we may get a positive reading at the end of the day. it is important to know for all the bad things happening for certain stocks like hewlett-packard or microsoft, they are still way up year-over-year. nicole petallides, starting with microsoft because it is a huge decline. that is a $40 billion loss in capital market in one day. nicole: microsoft, the shareholders are so disappointed. that is about 30 dow points by itself. looks like we might even go positive, certainly if microsoft were not in the index. cheryl: microsoft was a big story, but you also have ibm and intel on the dow as well. intel is talking about tough pc demand. reinventing themselves to a certain extent, ibm and intel with down arrows. david: general electric up almost 5%. nicole: despite the fact ge capital didn't do as well, a backlog of orders helping them wi

. >> reporter: the five companies contain sherwin-williams and dupont. some question the merit of the lawsuit. >> this is a claim for a public nuisance, and there is no public nuisance. california's blood lead levels are at a historic low. they're lower than the national average. >> reporter: and she argues that cleaning up lead paint may cause more harm than good by creating lead dust. >> the reality is that disturbing in tact lead paint could actually increase the risk of exposure for children. >> reporter: prosecutors representing san francisco say the city has a significant problem with lead based paint. >> we do believe there are over 300,000 homes in so that were pre'78. that's very widespread in san francisco because it is an old city. >> reporter: today during opening statements, the prosecutors accused the companies offing aware of the harm their products caused and selling them any way. they said minority families are most impacted. in oakland, 90% of the homes in the city could have lead paint. they say there is still a lot of work to do to pr

dupont, traveler and united technologies.we also hear from lockheed martin and domino's pizza. after the close, we get results from apple, at&t, broadcom, and panera bread. >>> the senate banking committee holds a hearing 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 exa

some favorites we're going to start with living social, a deal from one west dupont circle wines and liquors to fill up the wine rack for just $69. you get 12 bottles of premium wine. here's another one for you. up to 71% off 30-day memberships, personal training sessions and more at balance gym. go to any one of three area locations. foggy bottom, thomas circle and glover park. this deal comes from gilt city. you're going to find a summer savings event at sears.com. 30% off or more off kenmore elite refrigerators. plus up to 25% off other appliances. if you have an offer you've seen or you're a local merchant with a deal for our viewers, with a deal for our viewers, would love to hear from [ male announcer ] do you love prime rib? get to your local subway for the delectable, new prime rib melt built fresh from the bread up! savory cuts of tender prime rib in an au jus glaze with deliciously melty provolone, hurry in for a taste you won't soon forget! subway. eat fresh. [ male announcer ] you wait all year for summer. ♪ this summer was definitely worth the wait. ♪ summer's best event

. >>> things are back to normal after a water main break in did you -- dupont circle. service was disrupted for people who live and work in that area for quite sometime. >>> one of the most talked about animals is back on display. rusty, the red panned ark is back in his cage. he gained notoriety when he escaped. megan live with rusty's return. >> you're right. rusty became quite a celebrity, a lot of buzz after his wild adventure. he's been out of the mix at the zoo, under wraps for the last couple of weeks. that's because when he was out and about they weren't sure what he ate. they weren't sure if he encountered rabid animals so they kept him at observation at the zoo's clinic. they have now given him a clean bill of health and he's back home in his enclosure. without much fanfare, rusty the red panda returned to his enclosure at the national zoo. his big escape and recent romp through adams morgan made rusty quite a celebrity. the party, it's over. while rusty is back home, there are some new rules. >> so the guy is grounded. >> kind of. he's been in his corner for

. >> just telling a story about a guy shooting up driving around dupont circle.cop and you come upon somebody who's high as a kyte on heroin? >> we would find people in allies. this particular guy, who would overdose on heroin. you come up, most of the times just like elizabeth cohen, you stop breathing. that's what happening. there's an antidote you shoot them up with, nar-can. another amp, you shoot them up. all of a sudden they would come out it, and they would be ticked off with a real bad headache, because you just screwed up their high. >> you would say people in the '70s and '80s people were so worried about crack and cocaine, and now the times are changing. >> and i started to see things change toward the late '90s, started to see a resurgence of heroin, because all of the drug efforts were against cocaine, crack cocaine in the cities, but i'll tell you, when it comes to socioeconomic, no, what the guy i was telling you about who overdosed in his car on dupont circle downtown d.c., evening rush hour, was an attorney with a high-powered law firm. >> seeing

>> dupont, it's going higher. >> tool works. buying that one with both hands. >> that does it for us on this record-setting day on the street. there's more at 5:00. have a great rest of the day. see you tomorrow. >>> as usual, scott just nailed it right there. my goodness, welcome, everybody. the bulls are out in force on this very hot day in new york city. the dow, a record high today, now a little bit off it. the s&p, a record high and now a little bit off it. there are the industrials. there they are for the year, both up 18% year to date. now let's take a look at west texas crude now at a 16-month high. look at that one, $107.85, another $1.37 higher today and there you see ice. ice, ice, baby. crude is up 6% since the first day of the summer. another big report from the financial sector, this time it's morgan stanley up 4.5%. better today, up big, and the financials are up 40% in a year! we've got it all covered for you on this hot day. sue is down at the new york stock exchange. >> good to see you, ty, and as you mentioned

this town is all about the inside scene in washington in dupont circle and bethesda and georgetown. the book gives us the story of washington and the political media establishment is all about. for fun a book i'm really looking forward to reading is called mickey and willie. the parallel lives of baseball's golden age and one of my favorite sportswriters allen baer. i was in spring training in arizona watching my cleveland indians in chicago cubs played baseball and play baseball and i ran into willie mays who is getting up there in age. this book looks at two men making man who came of age at the same time and started the same time and formed a lifelong friendship ,-com,-com ma something i never knew so that is a great book and a big book for baseball fans this summer. that is my list and looking forward to reading them all. ..

on living social this deal from one west dupont circle wines and liquors.t $69 you're going to get 12 bottles of premium wine. up to 71% off 30-day memberships, personal training sessions and more at balance gym. you can go to any one of the three area locations and this deal comes from gilt city. plus, you're going to find a summer savings event at sears.com. this includes a refrigeration spectacular 30% off or more on kenmore elite refrigerators plus up to 25% off other appliances. if you have an offer you've seen or you're a local merchant with a deal for our viewers, i'd love to hear from ow [ ma aouerthmac gi wn fesrotseai >>> pretty skies here as we're just about at the sunrise. we'll see it in a couple of moments. going to be another hot day today. humidity is way up. heat index valuings are going to -- values are going to be up. maybe a stray shower in the mountains. 90 by lunch time. we're going into the mid-90s today. heat index values up to 105. heat advisories from noon till 7:00. stay cool. stay hydrated. over to you. >> thanks, howard. >>> twi

there is a dynamic and so we did it at dupont circle in d.c.as standing around watching and there's sort of -- it is self-reinforcing behavior. some people see some people taking without paying, others will follow. >> bill: oh, really. that seems to be what happened in d.c. >> bill: so, in terms of the beverage business now what is happening with getting away from the high sugar drinks? >> it's happening pretty quickly. if you look at the trend the share of carbonated soft drinks has continued to decline year after year and the companies have to diversify. they all recognize that. so they've certainly moved to diet and lower calorie drinks. if you look at what happened in schools, the beverage industry has pulled out of selling sweet drinks in schools. >> i have an 8-year-old and a 5-year-old. my 8-year-old has never had a drink of soda in his life. even if i'm like have a drink. he's like i don't want any. >> kid these days are growing up with. when his friends come over, they don't know about soda. >> one of our fastest-growing parts of our b

>> you look at ellen coalman of dupont and rosian at kraft and endra and ellen too, and i don't know was just joking or noticing a pattern or just filling out the end of an interview. but it is in tt is notable. >> he is trying to get more value, you know, out of his investment. >> out of his mistaken investment. yes, his mistaken investment. >> thanks so much. >> on the backs of pepsi co. catching a falling knife. >> it is one incredible coincidence that all three companies have women ceos, you're right. >> thank you, jeff. >> thanks. >> we got to go, jeff. always good to talk to you. >> see you soon, jeff. >> interested parties benefiting if pepsi moves higher, should you get in on this story? let's talk numbers with chief market technician at fbn. and from risk reversal.com. jc, let's look at the charts. >> bill, i wish i was drinking a pepsi right now. it is in mid 90s in new york city. i brought two chart and both have mid 90s for pepsi. first is longer term going back five years. we see a very distinct ascending triangle. this february we broke higher above resistance at 73 and

on dupont he acknowledged that he had a large stake in them. this was news as of today. it really sent the stock soaring. he released a 59 page white paper on his plan for pepsi co. he things they should buy the business mond lays and turn them into a food maker. if not get rid of the troubled soft drink business and try to generate better returns and be more in line with customer tastes in a way more focused on food than sugary benverages. >> housing real quickly, he's as committed on the long side of housing now as he was on the short side. >> he said his conviction level is equal. >> but home depot has clearly been the way that i would play it. lumber liquidators, next week big short interest in that name. the stock has pulled back before. ll is an interesting trade here. >> he mentioned real gee and now the thing that i like about it is you can continue to play the housing recovery without having to work about the refi business going down. it's the number of houses sold times the commission. >> he also talked about gold obviously. john paulson said gold is a small po

freeport a good number and dupont pretty well. weaker u.s.ll helping these companies, of course, right now. the important thing is i think most of these companies are saying things will get better in the second half of the year. ellen coleman, very typical comment. expect they will be significantly better than last year's second half, one of the reasons the market is holding up so well because we're not getting dramatic drops on estimates. big ipo, phillips 66 partners, essentially a spinoff from the ole phillips 66 oil pipelines. this was $23, an ipo. the price stock was 19 to 21. priced to 23 and is now at $30. you can see the demand for the oil and gas pipelines have been huge. most of them throw off very nice dividends as well. >> up almost 31% in its first day of trading. >> yeah. >> bob, thank you very much. >> all eyes are on the nasdaq when this afternoon apple will get ready to report its earnings after the bell. seema mody is there for us today. hi, seema. >> anticipation is definitely building ahead of apple's report. the street ex

imprisonment if he dared to weed, water or otherwise tend to his work along the top stretch of the dupontted concern? safety. according to mccartney's coverage, metro worried that doctor could hurt himself if he fell given the steep incline of where he planted. but doctor wasn't arrested. instead, metro employees pulled out all the flowers, claiming they did so in anticipation of repairs to paver boxes. the flower boxes now sit empty. where the flowers once were, a healthy debate grows. many are incredulous of metro's justification, and angry that the transportation network, which is habitually broke and lacking in resources could suddenly move so expeditiously to uproot a good thing. one blogging supporter of the phantom planter advised him try bamboo next time. but others say not so fast. the phantom planter trespassed and hut flowers where he had no business gardening. one said he planted one plant that is invasive, one that dies when it gets cold and one that needs lots of watering. he planted them in a very steep slope. perhaps he meant well, but i don't blame metro for ripping them

look no further than dupont, which today announced a gigantic restructuring. huge. what's happened here? ceo alan coleman wants to get out of the biggest commodity business, the one that produces the quintessential commodity tio2, or titanium dioxide, which is a whitener, something made all over the world. to emphasize du pont's businesses they're about proprietary science, and yes, enzymes. seeds, foods, and safety. it's a brilliant strategy, and it has moved the stock up far beyond where it would be if there were still a world where it competed on price. so here's the bottom line. you want to know who's doing well this earnings period? just look at where there's little or no competition. and when there is competition, the market's saying i'll take a pass. that, not anything the fed is doing or how much higher it's -- whatever the journal is talking about as defining earnings season. when you're about to buy something, think first. is the company in question going at it hammer and tongs and tooth and nail with the other players? if yes i say take a rain check. ther