thanks, dan neiman, jim lowell, thank you both. lincoln ellis will be back in couple moments with the s&p futures close. liz: getting loud in the pits. david: yes it is. liz: the specialty pharma sector is outperforming the s&p over the past year 70% to 30%. can the rally continue? is it too late to ride the wave? we have your second half setup with the number one ranked analyst on street. david: you want to listen to him. look fog buy a home or refinance? how about mbss? there may be some options you haven't even thought of that could get you better rate to pay off your loan even faster. we'll break them down for you coming up. liz: germany wasn't the only team to score big at this year's world cup. major league soccer in the u.s. is taking home a trophy of its own, potential boost in fans. in the past six days, games here are already selling out. we're talking live to the commissioner of major league soccer about the league's impressive growth and the new tv considerate of and the world cup is beginning of its plan to win over fa

. >>> heather hughes, jim lowell, larry glazer, drew nordlick from highpower and drew, it says you are building cash. why. and two, where are you selling the billed cash? >> we're maintaining diversified approach across portfolio accounts keeping allocations to equities to fixed income to cash an alternative as new cash has come if from cash and earning investments we are keeping it on the sidelines. our concern is real lit lack of volatility in the marketplace. we've gone 1,022 days without a 10% correction. that's the third longest in 25 years. a lot of that is really geared towards the fact that the fed seems to have outlawed volatility. investors are continuing to pile money into equities with the assumption that the fefb deral reserve is there, it is going to be there but we have three more months, then at that point the fed is out of the way. the last two times the fedex ited kwaquantitative easing increased volatility. we've moved from 15 on the p ebay sis from the s&p to 17 1/2. we have concerns. we'd use any kind of down draft as moments to add to equities. >> you're building

. >>> joining our closing bell exchange, doug cote, jim lowell, charlie blel, quincy krosby from prudential and we have michelle caruso-cabrera and rick santelli. michelle, when we all got up this morning, things looked bleak. there were concerns about this big portuguese bank, but now things look like they're settling down a little bit. what was the story? >> yeah, so the story is, there's a very large bank named after the espididusanto family. and a holder of the bank was starting to get into trouble and it looks like it's starting to have some impact on the underlying bank. it led to a huge sell-off in the shares of the bank, the shares of the portuguese index. and here was the big question that the market was asking -- what's going on with this bank? is this an isolated situation or is this once again symptomatic of something more widespread in the european financial and banking system? in other words, are we going back to some kind of crisis situation? as the day has gone on, the bank of portugal has come out and said the bank has recently raised capital, we believe it is solvent, and