shares gained more than 2.5% closing at $66.58 and the stock is up more than 34%. amazon broke through the $300 barrier for the first time ever after an e commerce data forum reported sales jumped in june. amazon shares closed just below 300 gaining 2.5%. >>> micro devices led the s&p gainers. chips going to be use in gaming consoles for microsoft and sony expected to be big sellers this holiday season s. merrill lynch raised to buy from under perform. investors traded amd at nine times normal volume driving the price up nearly 12%. the stock closed at $4.45. >>> the sell gene reports the lynch pen cancer drug slowed cancer in a trial. they are looking to broaden the use to increase sales and says it will talk with u.s. and european regulators about those test results. celgnen closed at $134.92, more than doubled in a year. >>> jp morgan says the sale of assets will unlock up to $4 billion in value. shares gained about 3 1/4%. >>> growing demand for new phones sparked a virgining market for copy cat hand sets and seems like china where so many of the gad lets sold

the biggest percentage gain is in the nasdaq up 47 points.. 10-year note, it has moved down just a tad to .60 percent. they confirm today's move to a certain extent of 58 points. the winner of today's trading session, intel, walt disney, advanced micro, lennar and randgold. "street signs" begins now. >>> usually we talk about tough love, the car, not the band. it's a good opening for our show today, folks, because everything is on the move today. stocks are soaring. many are calling it the bernanke rally. maybe it is, but we're going to show you how it could be simpler than that. gold is on the way up, oil back down. the dollar back up again. >>> and a country that is addicted to debt, we've got a guest with three points

cfr corporation gained over 8%. on to japan, mobile carrier softbank was the outperformer on the nikkei 225. soared by 5% after reports that it will raise the bet 35 million u.s. dollars to stock new smartphone hand sets. south korean technology shares also rallied ahead of earnings results. lg electronics gained almost 4% and samsung electronics rallied almost 3%. let me quickly show you gold miners. they continued to gain stream, tracking the rally in gold prices. australia's new crest laser gold and kingsgate jumped 3% to 5% in today's session. back to you. >> thank you so much for that. >>> let's take a look at what's going on with the european markets because we did start in positive territory, although we are losing some of those earlier gains. the just modestly higher by .1. we are seeing gainers and losers evenly split. the cac 40 showing gains. the ibex 35 strong, we'll come to some mna stories later on. the ftse 100 in the uk flat, remember that yesterday we were trading at seven-week highs. this morning,

it's that excess weight gain. they had half the excess weight gain in those child centers that had water readily available. and the maternal child health folks recognized that and are working to make pitchers available in child care center, very easy fix. what they also noted was that in african-american children, there was something about having a pitcher of water that really helped decrease the risk in half for cavities as well. it wasn't as notable in the other populations. they don't completely have an answer as to why. it may be that in communities like the bayview where there is one dental clinic for 33,000 people, there is limited access to preventive dental care. but again, i don't know that's the answer, but that may be one of the reasons. so, i just want to talk a little bit about some requirements that we are now working on and by "we" it really is many of our colleagues working on this. at the federal level, they passed a law saying that those participating in school lunch shall have water readily acce

it's that excess weight gain. they had half the excess weight gain in those child centers that had water readily available. and the maternal child health folks recognized that and are working to make pitchers available in child care center, very easy fix. what they also noted was that in african-american children, there was something about having a pitcher of water that

stocks after those gains.300 has been ticking higher throughout the course of the day just up two points at the moment. we've come back in the last half hour or so. markets were up around 0.75%. the ftse had its second best gain of the year up 2.7%. right now up another half a percent higher for the xetra dax. the ibex and cac as well. a boost for commodities and basic resources. the best performers right now, you see health care is the weakest. this is the one i want, thank you very much. so not doing too badly, the banks are doing fairly well. if you break that down to commodity prices, though, not much of a jump. copper is off 0.7%. spot gold is down and even oil is off just a little bit. brent had a good gain last week up 2.6%. nearly $3. nymex as well just off slightly at 105.37. very strong gains the last few weeks. as far as bond markets are concerned, the yields where we were just below 2.6% for treasury so slightly higher today. spanish yield still around 4.75%. the dollar has been doing well across t

a gain of near 2% and 14-month high.n crude coming from the strong jobs number this morning, and the thought behind it there will be more demand here in the u.s. of course, you showed those pictures, what's going on in egypt right now. you cannot discount the fear premium on geopolitical issues right now. traders are bidding oil up on that, even though they realize that the likelihood of a suez shutdown is very slim. >> so they say the likelihood of a shutdown is slim, but what about the fact that egypt has declared a state of emergency in the suez? what sort of impact does that declaration have on the markets and for ultimately oil production and transportation? >> really, it's a psychological impact more than anything. the egyptian army, probably one of the first priorities right now, is to secure the suez canal. you've got 4.5 million barrels a day coming out of it. you also have egypt's economy, remember, an economy on the brink -- that's what's caused all of this, and the ouster of president morsi -- debt-to-gdp lev

or even potential gains. losses are losses realized or otherwise. and the notion of being in something for the long-term does not justify owning damaged goods. the stocks of companies that are in bad shape in the misguided hope, well, hey, come on, man, it's got to come back if your hold it for the long-term. the idea of buy and hold is once you purchase your stocks, you wait. me, i've never liked waiting and it also happens to be a terrible strategy if you think it is a strategy. that's why i'm constantly saying you have to keep track of your investments, doing the homework i talk about on the show. and you've got to do it all the time, reading the sec filings, listen to the conference calls, reading the transcripts. much of the research available can be found on the web like yahoo fitness and that's worth reading. hey, it's your money. invest the time in it. act like investing for the long-term means you have a license not to pay attention, you don't have to worry. wrong! but you always have to pay attentio

so really just titanic gains. i want to push back gently on the brilliant presentation by ethan, this is a gain that is primarily realized instantaneously by migrants, but these kind of population shifts occur over generations. if you were to say in 1900, ok, 80 million immigrants are coming to the united states and they are going to experience an economic gain over the next hundred years, but that gain would go to the immigrants? now they are us. they were them then, but we are them now. now i am us. these movements occur over a time scale where we should -- i am not sure it is meaningful to talk about us and them. this is a gain to the country because the immigrants become the country. what kind of doubts could you have about these numbers? there are not a lot of papers about this issue, an issue that needs to be studied a lot more. a lot of what i read about in the paper is how we could challenge numbers like these. what are people doing in papers like this? a very simple calculation of there's a bunch of peopl

basically, the gain is less than 1% on average since 1970. >> the gain in stocks or gain in profits? >> gain in stocks. >> okay. >> so stock prices up about .8%, which includes dividends. yet the volatility in the third quarter is 25% higher than in any of the other quarters. so in a sense, all you really end up doing is mapping out the design on charlie brown's shirt. you know, up, down, up, down, and you end up where you are. if you look to history again, if we have a strong first half as we did, that increases the average return in the second half and elevates the frequency of the market rise from two out of every three years to three out of every four years. >> huh. >> so momentum is on your side. >> steve grasso, what does the market look like to you now? we were up as much as 174. how does it look for you going into the close and the next couple of weeks? >> you know, for this week, don't get in the way of it. it was pretty odd the way we stalled with a little bit of a retracement around 1,625 in the cash. i would stay out of it. if you're looking to place a short bet, i would

we've had incredible gains.ep setting new benchmarks all the time in terms of historical valuations and things. what do you think of the market overall? >> well, we're raising cash not because of the market, it's getting harder to find value. but we still have -- we have about 10% cash in the fund. we're up 24% with very boring stocks. we still like an ebay. we still like a macy's. they're producing 5%, 6%, 7% free cash flow run by great managements, and we're continuing with companies that have 6%, 7%, 8% free cash flows and selling the ones fully valued. >> so looking as 7%, 8%, free cash flow. are you looking for different donalds? what are the other screens you look at to find winners? >> the only thing we care about is effectively using the free cash flow. we still, in fact, just believe that apple rather than paying a dividend was much better off buying back their stock, because it would have been a better return to shareholders. so whatever method companies use their cash flow, whether it's higher dividen

and this is the path that i took when i went to meet shawn gaines. >> 29-year-old shawn gaines had spent most of the last six years in the special management unit, awaiting trial on a first-degree murder charge that could land him on death row. >> i've lived here longer than i ever lived in one spot in my entire life so -- even growing up as a kid, so it's just, you know, i have yet to call it home, but it is what it is. >> gaines may not have wanted to call it home, but his security threat ranking dictated it. he was segregated because he was once a major player in a violent arizona skinhead movement. >> i was the notorious leader of that skinhead group. my lifestyle was full of hate and violence. >> so with all of that hype, i was expecting shawn gaines to be a very intimidating character, but when i first met him, he wasn't. he looked a little bit more like a benign, pudgy teddy bear, and he was nice. >> i've taken up drawing. i can't quite say i'm an artist but i like to draw a lot and three times a year i draw a large stack of cards, and i donate them to the children's hospital. >>

no capital gains tax. no dividends.s you much larger returns over decades and decades. you only pay taxes when the money is withdrawn. and then it's taxes with regular income, just for once. that's a sweet deal. see if you're worried on tax rates, dividends or capital gains with a lot of people. it turned out you didn't have to, but many people were worried about it. however, as much as i like them, i've got to tell you something that almost nobody else is going to come out and say. most company plans, they stink. if my management fees and administrative costs, typically, the returns are low. and they offer you not nearly enough control over them. the 401(k) is for business. i can't believe i just said that, but it's true. ideally, you want to diversify your own money. often, they let you choose between no more than a couple individual funds. that's fine for me. but i'd like to have a little more variety. some stock funlds, that's all they offer. the best you can do is find a decent, low-cost index fun. put your 401(k)

we're likely to see that continue in the second half of this year, not huge gains, but gains nonetheless, and, remember, all of the big three for the most part, on almost all of their plants, they have eliminated the two-week summer shutdown or they have scaled it back considerably, and that's why when you take a look at the shares of the automakers, not seeing a huge pop because a lot of people have already factored in these greater production schedules, mandy, nonetheless, but a move to the upside for all the auto stocks, a day that a lot of people are wondering will we ever get back to 16 million. looks like the industry is finally there. >> certainly good news. let's ask the question, so goes the u.s. auto industry, so goes the u.s. economy. let's bring in our guests. luan, to phil's point, are all the positive factors driving auto sales in the first half going to remain in the second half? >> it's a little too early to tell right now but you look at consumer confidence and construction starts and look at the dow and say things are going in the most positive way, and the dow really h

he's global market strateike t >>> stocks mark early gains with auto sales, home prices and pop went the rally as traders focused on egypt's turmoil and prepared for a shortened trading session tomorrow ahead of the holiday and that big friday jobs report. >>> the dow today off by 42 points and the nasdaq and s&p each ended about one point lower. >>> and that worsening political crisis in egypt, which is not a big oil exporter at all still managed to send krut to close at a 14-month high below the $100 mark. >>> as tyler just said, there was more good news about housing in may. home prices posted their biggest increase in seven years. they rose more than 12% according to real estate data provider core logic and they expect that trend to continue. >>> while the housing market seen gains nationally, the real estate market in manhattan came to life this spring, but there is an increasing divide who types of homes are selling and who is doing the buying. >> reporter: manhattan may be an island but not to itself when it comes to issues plaguing the u.s. sales market. >> a big part of the

the fact of the matter is, she gained a lot of weight. she gained 40 pounds of fat. that you did not specify what that was in the contract, do you see that as a mistake? >> she had maintained a good way for a few years. i never actually anticipated that this would be a challenge for her. connell: nothing like that is in the contract. >> no. she did a triathlon that year and she did great at that. that is awesome. people say she looks great today. this is going back two years ago. people are coming to my franchise expecting to lose weight. i cannot have a spokesperson who gains weight during the process. i do not want to sue. she dismiss the case because they could not handle our motion to dismiss the case. connell: like we said, we will talk to tara a little bit later and get her side of it. thank you for giving us north side of it. dagen: you will hear from tara in a matter of minutes. connell: before we do that, we do have the governor of florida. rick scott is coming up. major economic issues to discuss. stay tuned for that. let's look at some of the winners on th

i don't know what we're gaining by it and maybe we're gaining nothing. but now every country that we deal with thinks we're spying on it and they didn't think that, many of them, before. so it's very bad. third, we have to add in all fairness, they do the same thing to us. what you think russia is sitting back and not listening to us and not? they're doing far worse to us than we're doing to them. i think snowden is a terrible threat. i think he's a terrible traitor and you know what we used to do in the good old days when we were a strong country? you know what we used to do to traitors, right? >> eric: you killed them, donald. but i'm trying to figure out what did he leak -- listen, all bets are off if he starts leaking information that puts americans in harm. so far everything i've seen, we're listening to foreign diplomats in america, that's not a revelation to put anyone in harm. >> brian: michael hayden said he hurt the program irrelevant repairably and -- irrepairably.

make that 110 points clipped off the gain. still a 63-point gain. david: 50% would be nice.: not bad at all, right? david: we see all the indexes in the green. by the way the russell 2000 we'll be talking about small cap stocks. look at this, 1 and a quarter percent gain. it is not 63%. not bad compared to other indexes. we'll figure out why that is happening. here is a look at front page headlines. -@the manufacturing activity picking up. ism improved to 50.9 following three months of declines. any number by the way above 50 signals that business is expanding so that is a good number.

. >> the cambodian national rescue party made gain in sunday's election. even using the ruling party, the cnrp almost doubled in size in parliament from 29 to 55 seats. the ruling party for the prime minister said he wants 68 seats out of 123 in the lower house of parliament and claimed victory. here is the headquarters of the opposition party. there so many supporters gathering. >> despite the big gain, the opposition is not satisfied. the leaders on monday reject issed the result. saying there were irregularities. he claimed the party could have been bigger. >> there was massive manipulation. we cannot accept this-sided announcement from a particular party. >> they are calling for a commission to investigate the results including political parties, the united nation, the election authority and the organization. >> many people were not register and could not vote. i don't think the election was fair. >> this is asia's longer serving prime minister in power for 28 years. to win the election he insisted the ruling party would serve for the error of stabilit

we may see further gains as you suggested. the bottom of the screen, 139.79 to 85 that also gained against the yen and now at the levels compared to 129 yen this time last week. so some gains there against the yen. be aware of tech and it sectors. google and microsoft failed to ignite major interest with investors. we will keep track of that as well. back to you. >> thanks if are the update. from the tokyo stock exchange. >>> executives at electronics makers agreed to pay millions in fines and they have pleaded guilty to illegal price fixing. u.s. justice officials say panasonic and sanyo electric will pay a total of about 56$56 million for antitrust violations. panasonic admitted to a experience from about 2003 to 2010. they will pay $45.8 million in fines. sanyo representatives confessed to fixing prices for lithium ion battery cells and need to pay $10.7 million. justice department officials have so far prompted 11 companies and 15 executives to plead guilty. their auto. >>s investigation continues. more headlines in busine

facebook gained almost 1.5% to close at 24.71. >>> price line.com reached a high, 1,010 a share. priceline has an improved competitive position. investors seem to agree, driving the stock up almost 4% on more than unusual volume. price line, $888.63 at the close. >>> mastercard touched an all time high. kbw said credit quality appears to be on pace to outperform for the year. raising mastercard to a $691 a share target price. the stock has gained more than 20% this year, but after the open, mastercard closed down about 1%. >>> and the jones group has reportedly hired city group to explore a sale, boosting shares of the retail brand owner, in addition to jones new york clothing, it's home to anne klein, nine west and more than two dozen big retail brands. shares of jones gained more than 7.5% on six times the usual volume. >>> when it comes to your portfolio these days, believe it or not, experts are saying it doesn't have to be complicated. all you need are three funds for a diversified portfolio. here to talk about how you could do that, is anna prior, she's a reporter at dow jo

a gain of the last few weeks.ofmeister weighs in on oil's next big move. ashley: look how the u.s. dollar is moving right now, against these currencies. as you can see the currencies are up all against the dollar. europe up is 128.66. u.k. pound is just under the 150 mark. we'll be right back. to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win! what's in your wallet? win! trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children

you buy 50 and hope it gives up today's gain because today's gain is uniquely related to an onyx dealand i'm not looking for regeneron to be sold, at least not just yet. ring the register on the onyx principal that you have. you can play with the house's money because at this point there are better plays out there. don't move. lightning round is next. >> still ahead, tweet your most pressing questions to @jimcrimer #madtweets. and stick around to find out if cramer will answer yours on the air. vo: traveling you definitely end up meeting a lot more people but a friend under water is something completely different. i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. ♪ ♪ honey, is he too into this car thing? [ mumbling ] definitely the quattro. ♪ honey? huh? a5. what? [ sighs ] did you say something? ♪ >>> it is time for the lightning round. rapid fire calls. when you hear this, the

air products gained 3% closing at $108.64. >>> cvs reported strong profits up 11%. revenues rose sharply thanks to netflix and other share providers. cvs's despite with timewarner cable is still going. the deadline is friday. >>> ahead of the earning's news cbs shares to$52.84 and gain in after hours trading. >>> whole foods said sales grew 7.5% in the quarter and profits per share were a penny better than analyst expected. whole foods shares had a slight loss ahead of the report closing at $55.58 and dropped more after issuing a weaker earnings outlook for 2014. >>> a big victory for retailers tired of paying swiping fees to debit card issuers. a federal judge struck down a rule for how they handle purchases made via debit cards. a group of retailers sued the federal reserve after a 12 cent limit caused an uproar from bank rob biest leading the fed to buckle and double that original cap. now the fed must now create a new rule and the current cap will stay in place until it does. >>> it's still july, but the start of the new school year is just weeks away for millio

you buy 50 and hope it gives up today's gain because today's gain is uniquely related to an onyx deali'm not looking for regeneron to be sold, at least not just yet. ring the register on the onyx principal that you have. you can play with the house's money because at this point there are better plays out there. don't move. lightning round is next. >> still ahead, tweet your most pressing questions t to @jimcrimer #madtweets. and stick around to see if cramer will answer yours on the air. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] [ telephone ringing ] now a waiting room is just a room. the world is changing faster than ever, creating new opportunities for those who stand ready to seize them. in a time when the biggest risk is playing it safe, we believe outshining the competition tomorrow requires challenging your business inside and out today

people would no longer have a capital gain on a reliable basis.t's a matter of whether the couponield looks attractive to investors. lou: somebody forgot to tell bill gross about that. apparently was not aware of that shift that everyone knew about. inequities' itself driving part of thisdvan cerinly has been the housing market. now we are hearing talk about deductions for mortgage interest beingcaled back or eliminated altogether. we are hearing a number of possible obstacles to further continued high performance by the using sector. your thoughts? >> i would not hold my breath waiting for any scaling back of the mogage business deduction. i don't think that's going to be in the cards any time since. homebuyers can go ahead and purchase. that will be there for some time. i'm pretty bullish on the u.s. housing market. perhaps not as quite as bullish as some of the blue chip analysts i join in terms of the hoing stocks numbers this year and next year, but still a bullish outlook on the housing market. it will be a key driver of u.s. economic growth

we've got mild gains, enough to put most of the major indices at highs. japan's got a clear victory for the current prime minister, the portuguese government intact. that's helping europe a little bit. earnings have been missed, and those inflows into the stock, and i think that's a major influence. last week, brian, we had the biggest inflows in the stocks and put up the next screen since early january. 28 straight weeks of inflows into the stock market. even the bond market isn't having the outflows that we thought we'd be getting and bottom line stocks are the place to be and wonder where the earnings are, i know they are not great but very good at financials and every single day since the earnings seasons started, the financial stocks have been outperforming and here's the big guys. not claim these are huge gains but on a flat market day that's pretty impressive and it's been going up almost every single day. one stock, not quite sure what's going on. a huge move all of a sudden, traded and then all of a sudden blew up, halted because it moved so quic

we gained. now the dollar is seeing strength.onship what is driving the dollar leaves some question. i want to take a look here at capital one financial, a name we're following closely. that is because it is jumping. the financial board authorized a buyback of up to one billion dollars in shares. this comes after the bank recently boosted its dividend. right now it is up 3/4 of 1%. you saw it up early in the morning but still holding on gains. key for capital one financial. ashley: nicole, thank you very much. lori: american automakers revved up, reporting strongest monthly sales since before the recession, how about that? jeff flock is a in ford track in napier, illinois, testing out some of the most popular models. in the driver's seat where you belong, jeff. >> i like it. this is a ford escape i'm in this hour. this one of the fastest growing vehicles for ford. one of the best-selling ones. i want to take you right to the numbers. this was a great hour on fox business thaw put together on the industry. a perfect day to do it.

she didn't gain 40 pounds of muscle, she gained pounds of fat. melissa: that's harsh.as a woman. it's a weight loss battle with hundreds of thousands of dollar on the line. here to break it down is fox news legal analyst merces cohen. always a pleasure to have you here. who has the better case heresome. >> isn't that amazing? melissa: they're saying that she's still running in iron man, i mean, she's fit, and as i understand it, it's a fitness clause. >> sure. but you know what's amazing though? i have the contract here -- melissa:ood for you. >> and it says specifically that the talent agrees to use best efforts to represent themselves and client in a positive manner at all times, including, basically, making sure that they're fit. melissa: but what is fit? what is fit? >> in a -- and they're claiming, they've got the better -- if you look at this, because it's a little ambiguous, the company's going to say, wait a minute, when we're talking about fit, positive appearance, we're talking about you are representing us. you can't be gaining 40 pounds and somehow that's g

much like 1987 was, and i still feel the same way, i think all the easy gains are made. i think it's at least 50/50, the highs for the year. i can see a poke above not making a nominal new high. i wouldn't put all my eggs in the equity basket right now. wur going to have an opportunity to buy equity, 10 to 20% lower over the next three to six months. >> where would you put your eggs right now? what basket do you see opportunities for investors? >> i think you have to play it close to the vest. just because market's going to gone on sale. and i've heard other folks talk to, we're back to single stock risk and a rising tide, not lifting all ifts. i agree with that. i think whatever rallies come from here are going to be very narrow, and i don't think you're going to throw a dart at an index, and the index is going to lead the way. if you're selective, i'm bullish on financials and biotech. i think even health care could get a little big here. the key is, when the market corrects, which i think it will over the next couple months, they're all going to get hit. it depends up

nikkei 225 modest gain as kospi managed a 1% higher led by gains in autos and i.t. stocks.hanghai composite finished in the red, down 1% despite very strong june fdi data. financial stocks let the losses while the country's finance minister said beijing is unlikely to launch any major fiscal stimulus this year, but willmake a greater effort to press ahead with reforms. in hong kong at the strength in coal and cement stocks helped hang seng end in positive territory. the top gainer was china shin with a shinhua, can we have the board, please? the stock surged 5% after posting a solid increase in revenue last month. and a gold jeweler higher by 6% thanks to a big jump in the same store sales in hong kong, macau and china in q 1. this come one week after they posted higher numbers after investors swept in to buy gold on the cheap. to australia, billiton shares up more than 2% today after posting a record production report. surf ware maker billabong surged more than 30% on news it has clinched a rescue package to settle its debt. back to you, karen. >> sixuan, thank you very mu

the russell 2000, the leader of the pack in terms of percentage gains, a 1.5% gain on the russell at 992.80. in terms of the gold market, after a very difficult first half, that's an understatement, we're up 34 bucs or 2.75% in comex gold. brent crude is now traded up .66% on the trading session and in terms of interest rates, the yield right now on the ten-year is just below the 2.5% mark at 2.48%. we have you covered up and down the street. bertha is manning the station at the nasdaq, sharon at the nymex but we start with my partner here on the floor, josh. bulls a really nice start to the second half? >> you see big gains, blue chips up triple digits and the s&p tacks on another 17. if you look inside the broad gauge, what's really working? for one it's the industrials, names like tyco, masco, kansas city southern and also the materials, a sector that's been challenged by collapse and commodities but today it's work. international flavors and sealed air helping to lead the way higher and finally here on the financials, really dominating today's list of new multi-year highs includi

gold, 37 per pounce gain as we speak. and oil 105 is the quote.aying this morning, fill up your gas tank now because gas prices are on the rise. the national average for regular up almost 2 cents overnight. 3.51 and predictions it's going much higher in the next couple can of days. we've got two outrage stories we're following today. washington d.c. lawmakers pass that living wage requirement forcing nonunion, big retailers to pay 12.60 an hour, what's the result of that. wal-mart will not open three stores that would have provided jobs in a poverty stricken neighborhood in the capital. 2000 jobs gone and this is a union victory. next item, how is this for a number. 107 billion bucks what the government's accountant say the government wasted in 2012. and i've got to say i'm not surprised. comedian colin quinn is here moments from now and reacts to both stories in just a moment. buckle up everybody, he'll make you smile and so will the market. we've got a rally, we'll cover it next. my mantra? trust your instincts to make the call. to treat my low

this is not where the gains will be. the gains will be on the regulatory side.e know from lots of disputes and discussions that regulatory coherence -- this is not about traditional trade. tariffs are pretty low already. this is not where the gains will be. the gains will be on the regulatory front, and we know from lots of disputes and discussions that regulatory coherence is a real challenge. they have their work cut out to actually achieve what they say they are going to achieve in terms of getting things like growth hormones out of food and genetically modified organisms. i see some distance there. i also think what is going on is really interesting. europe and the united states are rather a small player in the overall picture in terms of trade flows, but a massive layer in terms of world output. they are almost half of the world economy. what they do is enormous, but there will be some competition. i think what we have to understand better is what is motivating them. this is not the territory of the wto, but it is very difficult to avoid the conclusion that