hormel had it built, brought it out here to hormel international bacon film fest -- i kid you not, that'seal thing. eric pearson rode it from minnesota headquarters. eric, start this up. i want to smell the exhaust. that smells like breakfast. now, hormel is trying to gain on market leader oscar mayer from kraft, but why a bacon bike? >> i've got to tell you, when the idea came across to have a black label powered motorcycle drive across the country, it was more like, why wouldn't you do that? i mean, it was such a great idea. >> what kind of mileage were you getting with this? >> i was getting about 80 to 100 miles to the gallon. >> reporter: how does that compare to regular diesel? >> it's about one to one. >> this is allowing us to take our bacon to the next level to introduce new flavors into the marketplace this fall, whether it's jalapeno or a cherrywood or brown sugar, bring more flavors into the case and continue to grow our business that way. >> reporter: jalapeno bacon? >> absolutely. >> reporter: all right, now, kraft is losing to hormel in terms of stock performance. hormel ha

i did ask, though, about a spam-powered motorcycle from hormel.o word, yet, and i'm not sure how the exhaust would smell. guys, back to you. >> that was jane wells, i think this one of her finest pieces to date. >> josh also runs on bacon. imagine if jane was in studio. >> i'll roll out my sausage studio. >> can we get a quick trade. >> i don't know what to say. >> yes, you do. >> actually, the chicken producers, hormel does fairly well. i think some of the chicken producers, you can look at here, perdue is the other one. >>> still ahead, we are going back to trade school and answering your burning questions about the markets. stay tuned. >>> sharpen your pencils. you're about to get schooled in the fine art of trading, with the "fast money" back to trade school. the fast money traders are taking your questions to help make sense of the markets. send us a video. >> we would like to know what the heck is head and shoulders. >> post it to the "fast money" twitter page and make sure to use the #back to trade school. >> what is quantitative easing? >>

bertha, thanks. >>> who has an opinion on hormel?w there's hormel product eaters on the set. >> oh, yes. >> not liking at anybody in particular. i don't want to seem -- i'm going to turn around so i don't look at anybody. >> was i looking at you, josh? >> i don't eat spam. i'm an aristocrat. i don't eat spam. the think with the meat producers, a bumper crop in corn. drowning in corn, headline in the "wall street journal" the other day, and when feed prices are lower, tends to benefit margins at this companies. as an invest herbs, how much is already pryced in. in the case of hormel, maybe a lot. >>> coming up, any power left in energy stocks? one investor says it's time to dump one of the year's strongest sectors. >>> they're long, strong, and the najarians ponytails. if you thought looking this good was easy? you're wrong. find out what it takes to keep those brothers looking and trading their best. back with jon and pete and the ponies, after this. i make a lot of purchases for my business. and i get a lot in return with ink plus f

hormel foods beat iing shares.e the ceo of paypal are reportedly being told that they may prepare for a spinoff of ebay -- paypal, i beg your pardon, from ebay within the next year or so. hewlett-packard in the wake of david faber's exclusive interview now up almost 4%. i think the timing on that was around your interview. am i right in thinking it didn't more particularly after the earnings? >> it was down a bit after earnings. listen, the top line, there was growth of 1% but it was a mixed bag, to be sure. so i do think that the interview may have at least contributed to a more positive view of the earnings report. >> i did hear you talk to meg whitman about the japanese yen? >> i did mention that, yes. it's impacted toner sales. that's weakened exports from japan, as you well know. >> i do. i want to mention two things. hormel is interesting. because that's protein, protein, protein. we talk about food shifts and demand? hormel is the maker of spam. spam, canned pork, which i know you are probably a huge fan of.

big names like hormel on earnings. look at other ones, because ebay and hp doing well on their particular moves and staples on the downside on their earnings results. overall, a nice move higher despite the fact we have a lingering fed and comments coming out tomorrow. back over to you. >> thank you for that. >>> you mentioned the fed heads are gathering in jackson hole, wyoming. steve liesman is corralling the big names out west, get their thoughts on when the fed will begin to act. >> the economy is already showing signs, so as we look ahead, does the economy look like it's able to sustain this? i think it signals a very important decision point for the committee. to say, we will have to move at some point. i don't want us to be behind the curve and beginning to normalize interest rates. >> i think the thinking around summer of 2015 for the first rate hike is a reasonable guess given where we think the economy is going and, you know, how much progress we're making toward our goals. but, again, it really depends on th

a lot more hormel chili. oh yeah. ergen, the pharmaceutical company. phale potential bid. x about a potential bid. >> number 8, 2 $.2 billion. number six is kirkland. the plan to close 15 stores this year. the cfo toromoted the chief operating officer. >> number five is sears. loss.ing a wider falling for 30th straight quarter. antilabor calder is -- eddie lampert called a result unacceptable. >> i go there all the time. craftsman tools. want to keep them in my neighborhood. i want to support local stores. what happens when you need a craftsman tool? you have to order it on the internet. >> hertz is the latest target of billionaire activist investor carl icahn. it needs some help. >> number three, hewlett-packard. it posted its first sales increase in 12 quarters. the reason is a surge in pc sales, if you can believe it. software fell or grew less during the period. read the dollar to dollar store drama continues. the board rejected the $9 billion offering from dollar general. they cited antitrust issues. is everything and family dollar one dollar? >>

on the earnings front, we'll hear from dollar tree, from hormell foods, sears holding, gap, salesford.com, fresh market and gamestop, as well. >>> now, we probably all feel like we could do with a little bit more sleep. where in the world are you most likely to miss out on valuable shut eye? how much do you sleep per night? >> six hours. >> everybody is saying six. no more? >> rarely. >> you go to bed at, what, midnight? yeah. >> get up at 6:00? >> yeah. >> ow. head to our cnbc.com site to read more about where the cities are, where residents on average get less than six hours and who the most well rested residents are, where in the world people will sleep the most. you've been tweeting in, tony frata tweets me and says sleep is overrated. i used to say you can sleep when you get old and now i'm older and i think sleep is underrated. keep your e-mails coming, keep your tweets coming. >>> still to come on the show, the grass is always greener on the other side, especially when you paint it. find out how californians are saving their lawns from the drought, coming up after the break. >>> hi

hormel foods up $2.27 for a gain of 4.75%, rising on better-than-expected results. ebay jumping 4.75 cents. why? there is a report ebay is considering spinning off cash maker paypal and could happen as early as next year. that's what the report says, you may remember after carl icahn always thought that was a good idea. he was in a pitch battle to do just that. he ripped their board over the issue. the reports are surfacing once again. >>> bank of america getting a bounce up nearly 4% after 17 billion-dollar settlement with the federal government over mortgage backed securities it sold in the run-up to the financial crisis. mortgage backed securities worth very little. misrepresenting the value of them. >>> the dollar store battle is heating up, carl icahn involved in this one too, he's everywhere, he owns a significant stake in family dollar. family dollar rejecting a nearly $9 billion takeover offer from dollar general citing antitrust concerns. family dollar signaling support for smaller bid worth 8.5 billion dollars from dollar tree. charlie gasparino leading you through the stor

. >>> meantime, shares of hormel rallying after third quarter earnings and revenue topped estimates athat company. the foodmaker saying most segments were strong except for grocery products and specialty foods. that stock up nearly 5%. much of those costs, of course, we know passed along to the consumer. 7. >>> when "squawk alley" comes back, some of the pop economic minds in the country gathering in jackson hole, wyoming this week. we'll talk to one of them. john williams coming up a little later on in the hour. >>> this feels like the future. talked to one company designs an easy way that you can make your own virtual reality content right from your home. >>> and if you can't beat 'em, hire 'em. find out why tesla is offering some of the top hackers full time positions on the company's payroll. you won't want to miss that story, when "squawk alley" comes back. ♪ ♪ developers are all about speeds and feeds. it's all about latency. it's all about how fast does it run. i often sit with enterprises who ask me about how mission critical and how's the performance of the cloud. and i tell t

bacon grease being used by the food company hormel to get some engines up and running. the new aged fuel comes from the company's plan in illinois it's taken to wisconsin where it's then turned into bio fuel. now one biker is getting a chance to test it out on a very special bike. >> the whole goal is to really find people that are to the core about something. we're obviously bake couldn't to the core but finding people that have passion or have something that they really believe in. >>> here's the very best part. the bike gets 75 to 100 miles a gallon. how about that? >> can you only use it in your hog only harley davidson? >>> i was just wondering. >>> all right. a wild ride speaking of rides in new york state. a woman is accused of driving drunk into a fire station with a snake around her neck. >> yeah, and believe it or not, this story is about get even weirder. imagine that one. plus, the elementary school offering free at home drug tests to parents. why officials say it maybe a good idea to use them on their children. howard? >> special visit today at eagles pract

also hormel and, of course, dr.apple all trading here at the nyc and all at some point today hit a record high overall and, of course, it's not traded here, but people still all over the place. doesn't matter where you are if you're a trader here or elsewhere, you look at apple shares. of course, apple stock is again hitting a record high today. so some of these calmer trades overall, but still record highs, notable by a lot of the traders down here on the floor. scott, back to you. >> all right. dom, thanks. >>> what do you think of the record highs? i mean, you know the market keeps marching higher. >> i like the risk appetite folks have had, talking about that a while. look at tesla. record high. gopro, record high. mentioned apple, record high. talking about different parts of the market. not just the home depots of the world. there's been an appetite for rick even on the down shots in the market. the risk appetite jumps in almost immediately and catches to the upside. >> regional banks rolls pap new market we h

it was built for the hormel food company, fueled by bacon grease converted into biofuel.les per gallon. that seems like a solution if ever there was one. bill: try that this weekend. maybe, maybe not. hey, there is surprise coming up later today. we're not allowed to give that away. we'll let it linger. see you tomorrow. "happening now" starts right now. have a great day. jon: good morning, a fox news alert and a security scare in the air that may have been sparked by a hoax. welcome to the second, to -- the first hour of our two hours of "happening now." see, you get back together with me i get all -- jenna: i know. nice to be back together again, jon. it is first hour of our show and i'm looking forward to it. jon: good to have you here. i'm jon scott. jenna: i'm jenna lee. start off with strange news. britain's royal air force escorting a passenger jet with 300 people on board to manchester airport after the

hormel foods hitting a record high after better than expected third quarter profits.about 5% on the day. different story for sears. sears just can't get out of the doldrums, moving lower after posting another quarter where they had wider than expected losses. revenues coming in shy of expectations. sears off about 7.5%. children's place though a much better retail story there. gaining ground after the children's specialty retailer reported better than expected second quarter results. back to school seems to be doing pretty well, up. nearly 8% on the day. and it will be a busy session. gap, salesforce.com, game stop all reporting, along with intuit. >> good thing have you satellite radio in the car. i can catch it on the way home. >> good thing. we have about 15 minutes to go here. dow is up 78 points just off its session highs. art cashin told us a little while ago there were some sell orders. gold under pressure. >> will there be more sell orders after charlie plosser speaks? he's coming up. inflation, interest rates, the economy, the whole shabang. with all the opin

hormel had a strong quarter last year, citing in part strong demand and margins, despite high prices. you know, this isn't really an efficient biofuel, guys, but i did ask if they're going to make a spam motorcycle. you heard it here first. no word yet. where was your favorite stop? >> my favorite stop would have to be the grand tetons. they're beautiful. >> reporter: no kidding. beautiful. all right, back to you! >> spam motorcycle. we heard it here first on "street signs." personally, i take the grease and cook with it. waste not, want not. thank you for watching "street signs." "closing bell" with brian sullivan and kelly evans coming right up. have a great weekend. >>> welcome to the "closing bell" on a friday. i'm kelly evans at the new york stock exchange. >> and i'm brian sullivan back here at cnbc world headquarters. i am in for bill today. just an hour to go in trading and what will be a very good august, kelly, for investors. stocks holding up fairly well today, considering that great britain has raised its terror level alert, saying an attack is now likely. we will hear wha