your stock of the day is hormel foods. >> hormel foods, makers of spam and dinty moore stews and all hormel, you might think, very simple, old school company, over 100 years old but they still get it done. they announced yesterday that the rest of 2009 will be better than they originally thought. stocks were up 6% yesterday touching a 52-week high. so sometimes the simplest of companies make for the best stock. hormel has been a great stock. >> thank you so much. we'll leave it thrnd asee you tomorrow. >>> the town hall meeting turned into a shouting match. >> so you ask my opinion, i'll tell you my opinion. i'm not going to be channeling my usband. >> we'll let you know what got secretary of state hydrocarbon's hackles up in the congo yesterday. >>> and also, there were, as we said, some town hall meetings which got heated. ben cardin hosted one in maryland. we'll tell you about that. we are for himming breaking news. the death of eunice kennedy shriver. more on that when we return.  ♪ [ woman ] ♪ early light breaks through ♪ music and dance calling you ♪ just need that mountain

hormel boosted 2009 profit guidelines. price line, who has seen stock rise has reported second quarter earnings. we'll talk with the ceo later in the show. take a look at the dow, it's down 5 points, 9564 last trade. nasdaq also trading the downside. it's down by a little more than one point, one-tenth of a percent below the 1,000 mark. dow below tenths of one percent. >> dollar strong. this is an interesting story. dollar strong. >> one thing i want to point out, usually in august you don't have so much going on down here on the floor. today is a little bit different. in fact, just the noise level i'm hearing as i stand and talk is pretty significant. we're seeing some of this show up in the volume. i'll get to that momentarily. we're off six points right there. not too much. we're trying to make our way back to the flat line there.e. keep in mind, this is a market that has rallied for the last four weeks straight. so it makes sense that you might see folks take a little bit back at this point.t. but we'll see how it goes

heinz and hormel foods, the maker of spam.fter the close, we'll hear from arrow positive tail and the gap. then the kansas city annual symposium starts today. the highlight will be friday's speech by ben bernanke. although i suspect fishing will be the highlight for steve leisman and a few others. he'll be talking about the lessons learned over the past year from the global crisis. absolutely stunning. why aren't we there, ladies? >> what a view, bertha. what a view. coming up next on "worldwide exchange," the polls are open in the afghanistan election and voters are braving violence across the country to have their say. we go live to kabul for an update. >> plus, we've expecting retail sales data out of the uk. are british shoppers buying into the recovery? stay tuned. ddddddddddn magic eraser. >>> i'm christine tan in asia. a big earnings day mixes looits likes of icbc bank and rio tinto. >> i'm rebecca meehan in europe. equity markets are heading higher across the continue negligent. >> and i'm bertha coombs. mind

heinz and hormel beat achb lists's estimates. shares of google were up more than 3% after goldman sachs gave its vote of confidence adding the enter set search leader of stocks to buy. starbucks, vente caramel could cost you 25 cents more while a simple cup of joe will likely cost a few cents less. starbucks started raising prices on its complex drinks and lowering the price of basic ones. wall street will wait for any update from fed chairman ben bernanke when he speaks at a meeting in wyoming. and finally, former pick pocketers in london are giving new meaning to the term pay it forward. in an effort to brighten people's days, one person enlisted 20 former pick pockets to push cash into people's pockets. the plan, to give out 100,000 pounds or 164,000 u.s. dollars all by the end of the month. so take a trip to london. could pay off. >>> a huge ruling in college basketball. and another nfl star is headed to prison. >>> plus, nobody can accuse the tigers brandon inge of just phoning it in. your early morning sports headlines are

we back there happy with our apple juice and you're up there, lonely, with your hormel chili.cause my girlfriend is white and he didn't agree with that. [ laughter ] but i was so caught up in the euphoria of having all that apple juice -- [ laughter ] -- that for, like, a minute, i lived in this world where racism didn't exist. [ laughter and applause ] i was like, "it's obvious that this old man is just an apple juice hater." [ laughter ] "and he's just really sad because he can't acquire all the apple juice." [ laughter ] "that i'm acquiring right now." my name is hannibal. that's my real name. i was named after a great general. that's a military genius. but not a lot of people know about him. so, i'm forever associated with hannibal lecter. [ laughter ] from "silence of the lambs." that's not even a real dude. [ laughter ] why can't i be hannibal from "the a-team" sometimes? he was cool. he hung out with mr. t. they went on missions and had fun. i have the same conversation with people with my name all the time. "your real name is hannibal?" "yeah, my real name is hannibal.

take a look here at hormel foods. guess what? eating more spam in these trying economic times, and hormel has the benefit, boosted by strong sales in the canned luncheon meat. right now, trading up high, up 22 cents. mandy, have you ever tried spam? is. >> i have indeed. it's surprisingly tasty, considering what's going into it. >> you have! i didn't know they had that in your neck of the woods. >> spam has definitely reached down under. of. >>> with the office of budget and administration will announce that the federal deficit for 2009 will total $1.58 trillion. it's actually about $262 billion lower than its may forecast. this is all, of course, as policy makers from around the world are gathering in jackson hole, wyoming to discuss how to prevent last year's global financial crisis from happening again. in our "call of the wild" again today, we ask did the feds save the world from economic ruin. let's bring in former president of the dallas fed and also dean baker. gentlemen, thank you. bob, let me start with you. what kind of

...forbusiness.com (laughter) >>> hormel foods one of the big gainers, maker of spam. earnings up about 5.6%. now let's play fill in the blank. betamax is to vhs as kindle is to blank. let's fill in that blank. bred aarons from the "wall street journal" joins us to do so. he's a columnist. brett, good to have you with us. and i know you wrote about the overwhelming popularity of the kindle but you say perhaps it is not long for this world. perhaps being the key world. but what are the big threats? >> well, the problem -- the kindle's a great product. it's really transformed the ú e-book whole experience. it's very easy to use and so forth. but amazon's taking -- jeff bezos at amazon's taking a big gamble. the system that he's chosen to use at kindle is closed, it's locked, and it uses a format that is not shared by any other e-book reader. my concern, and i wrote about it today, is that what may happen -- what happened to sony and the betamax back in the '70s may happen to the kindle, which is that everybody else uses another system and eventually and maybe not even o

hormel foods, and the gap all be beating street estimates. sears reporting an unexpected loss and sent stocks down by quite a lot actually. 12% at one point. it is dimming investor hopes the billi billionaire investor eddie lampert can turn this retailers around. and currently the tech, software maker oracle getting a price tag of $1.4 billion. >> i have to imagine it was the short squeeze and some people were betting the stock would go down. there seems to be a feel good in the financials and we did get good economic data in the manufacturing numbers and that off seset some negative views o housing and delinquency and everyone focused on the manufacturing data that came in at a good reading. >> thank you very much. >> now to housing where we are still setting records on the foreclosure front. cnbc diana has the report. >> we're still setting record. total loans past due climbed to 30% of all loans out standi ing and the culprits are changing, t the delinquency rose in the past quarter. subprime fixed most dramatic in the past three years lev

giddy-up for the big guys at hormel. >> is that what you eat?> what a combo. 19.37 when spam was launched. it was in 1937. pop here? >> stock was downgraded today $32 price. i think you could buy this and you know what else? let's bring microsoft in. microsoft will get in this space as well. >> dropper rbs was down 7%, tim. >> this stock is dead. 70% owned by the uk government in an environment where it's more onerous than it is here, by barclay's. your name over there. >> a pop for edward williams. the 47-year-old kansas native, the definition of lucky after winning the lottery for the second time in one year. mr. williams won $75,000 last september playing a $10 scratch ticket. on wednesday he defied odds and won a jackpot worth nearly $900,000 in the super kansas cash drawing. he doesn't look that happy though. why? >> because you want to win millions. >> did you see that thing on the curse of the lottery winners? everybody ended up dead a year later. >> i have to figure they checked that ticket a couple times on the second go-around. >> abso

hormel tonight up just a fraction. our next guest manages more than $5 billion for morgan stanley. he's one of my favorite analysts out there. find out how he is allocating assets right now, if you think you should be alongside him. you're going to talk with henry mcveigh coming up. upgrade of google today giving the tech sector a pretty good lift. up next we'll talk about whether technology can keep leading the market higher. is that where the momentum is and is that where it's going to be? we'll look at some standouts. stay with us. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 is 250. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook for $199.99 aft

heinz, hormel, so again, a couple of pennies per quarter, spam, ross stores and then we just got sears and if you're interested in how sears' estimate compares to what they reported, i can tell you how sears' estimate compared to cigna's, if you need that. >> i can tell you on here. >> because i honestly hit sears ten minutes ago here and down here -- >> yeah, me, too. but if you have new questions on cigna, i can still update you on revenues. the estimate on cigna, if you need to know, is south side 1.03. the revenue estimate, if you're interested on cigna was $4.64 billion and i don't know how that compares to sears or what it has to do with sears, but that's still -- thanks, thompson. running a heck of a show there. in washington, the obama administration is going to trim its budget deficit forecast for fiscal '09 to $1.58 trillion. that's about $262 billion lower than predicted in may. an official says the drop is due to the elimination of $250 billion that had been set aside for further possible financial bailouts. the budget office is expected to make the announcement next week a

hormel up strongly on earnings and guidance. if they had picked rebecca jarvis for that commercial years ago, it would have been, gosh -- >> to the moon and beyond. (announcer) illness doesn't care where you live... ...or if you're already sick... ...or if you lose your job. your health insurance shouldn't either. so let's fix health care. if everyone's covered, we can make health care as affordable as possible. and the words "pre-existing condition" become a thing of the past... we're america's health insurance companies. supporting bipartisan reform that congress can build on. >>> welcome back, everyone. slow day to an extent when you look at markets. down 29% on the dow. you're going to look at the biggest drag on the dow, gm, shares down 2.2%. not a lot of news out on the company.y. over the weekend they did release financials, giving people a better view beyond the original financial statement as to what's happening internally at that company. >> now, we learned during the break what's in spam. rebecca told us but we'll tal

earnings at hormel foods surging almost 50% from a year ago, comfortably topping expectations. the maker of spam sticking with its profit outlook. dick's sporting goods reporting a slight profit earnings, but the stock up. >> the white house is getting ready to announce a slightly better than expected report on the federal deficit. is this a sign that president obama's economic policies are working, or is it just a drop in the bucket? firing off in the "power grid" debate, julian epstein and trent duffy. the reason this is going down is $250 billion set aside for the banks they don't think they have to use. julian, is this a sign that obama-nomics is working? >> i think there is no question about it. i think obama inherited the great recession and negative 6% gdp growth, where now, according to most economists into positive growth. and all economic indicators indicating that the economy is improving, and nearly every economists, the consensus of e theists is the stimulus put program is working. >> trent? he did it in 15 seconds. >> i have a slightly different view. the real pic

hines, hormel and ann taylor and smuckers. >> some of them pulling away like you hadn't expected. >> conoco too added to j&j, as i recall. >> j&j one of the only names berkshire hathaway adding to have. >> and then ackman into mcdonald's, right? >> right. after the loss he took on target. piling into mcdonald's, trimming holdings in one of the other eating companies as well. >> we'll talk more this hour about lowe's. one more exposed to appliances than the other. >> the conventional line of thinking is that women shop at lowe's and men at home depot. we'll hear more of that today. we're expecting in 45 minutes to be hearing from lowe's. >>> the white house appears ready to drop the ongz of government-run insurance as part of a new health care system.m. administration officials are leaving open the chance for a compromise with republicans that would lead health insurance cooperatives instead of the government-run plan.n. under a program by senator chairman conrad, consumer-owned nonprofit cooperatives would sell insurance in competition with private industry. there is back and forth a