>> jim simon: to say that the american consuming public is going to completely omit, eliminate sweetenersut of their diet, i don't think gets us there. >> gupta: simon cautions that eliminating sugar wrongly vilifies one food, rather than working towards the long-term solution of reducing calories and exercising. you know, a lot of people, jim, are saying that sugar is different. that it is bad for your heart and is causing a lot of the problems we're talking about. it is addictive and, in some cases, might even fuel cancers. what would you... i mean, you've looked at this. you must have looked at some of these studies. what... what do you say about that? >> simon: the science is not completely clear here. >> gupta: but some of that's... but some of these studies exist. i mean, what... what is a consumer... what are they to make of all that? >> simon: well, i would say to them that they've got to approach their diet in balance. >> gupta: dr. robert lustig agrees-- we need a balanced diet, but his idea of balance is a drastic reduction in sugar consumption. to that end, he co-authored an a

cnbc contributor jim pethakoukos and wabc radio talk show host mark simone. have the toughest on you, jonathan. i don't think the democrats have a star bench. i don't think they have a program. i don't know why they are having a convention for that matter. >> well, they are having a convention because barack obama is likely going to get re-elected and will make his case to the country at the convention. they have quite a deep bench. just one example. i used to work for andrew cuomo of new york, a real rising star in the party. you can go across the country. democrats have a great bench. i agree, the republicans had good stars, but the democrats will have a strong convention if they do one thing. they can't be too shrill. >> larry, i'm not sure of the exact schedule but it would be great if they would devote not just primetime but perhaps a whole session to the floss i if i, wit and wisdom of elizabeth warren, the author of the you didn't build that philosophy. we need to fully explore her views about free market capitalism. >> jimmy, there are a dozen behind

here's your prize of course, is this london, nbc london backpack just signed by gary and jim and melissa and simontulations. >> thank you, thank you guys so much. >> jim butler, the winner of our nail the number contest. >> this is a good give-away. >> this gorgeous backpack. >>> straight ahead, the first response to today's jobs numbers from the other side of the aisle. congressman kevin brady, vice chairman of the joint economic committee. born with.e ou'r and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. top of the hour, knight capital and what it means for investors. we'll talk to wall street legend, michael le branch. think facebook is a bargain now? don't click the buy button until you hear what one of our guests think how much lower it's going. and our guest meantime the u.s. economy adding 136,000 jobs in july. while the unemployment rate did inch up slightly

jim. >> thank you. >>> when we come back, as simon said, former senator and current member of mitt romney's economic policyill join us. we'll talk about paul ryan and the race at large when we come back. ♪ [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigned interior. the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. ♪ join mercedes-benz usa on facebook for the best summer sweepstakes. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we d

. >> jim, given you awe gree with simon there was a battle plan drawn up today and outlined today thists are disappointed? i'm asking this because i want to understand what will trigger the markets to go higher when it comes to what the ecb will do. >> well, i don't know if they are that disappointed, melissa. we'll see. there was a big reversal. i think a lot of that has to do with traders, you know, up to the news. you buy the rumor and you're selling the news. i think there was not really much chance that we were going to get instant action this morning. and yet the market traded up in anticipation and then off after the report. i don't know if that's a disappointment. look around the u.s. marks recovering, marks are coming back. there's not been big moves in spanish or italy yields so, i don't think there's a huge negative reaction to this. >> you have to distinguish between traders who are sitting here now looking to buy and sell assets, many of them short term, and what is going on in europe. and the need to bring together. this is what they singularly have failed to do -- bring

simon hobbs. carl quintanilla and jim cramer are both off today. the dow is starting the session 29 points away from a 4 1/2-year closing high. the s&p about four points away from a four-year high. we look like we'll open to the downside on both the dow and the s&p. as for the picture in europe, some positive signs there, sending stocks to near 13-year highs. we have a mixed bag right now. the roadmap starts off with the facebook fallout. shares hitting a new low after the first lock-up expired. who's telling how much more downside for the stock when the massive lock-ups come later this year. >> a new milestone for apple shares, closing at a new all-time high as jeffries raises its price target to a whopping $900 a share. we'll talk to the analyst behind that call. >> and the turnaround at the gap continues. the retailer boasting a beat on earnings and raising its guidance. gap shares trading higher premarket. a phenomenal performance for that stock over the last year. >> and then as we mentioned, there is europe shares hitting a 13-month high fuel

. >> jim, i want to you react to something. simon johnson has an op.out this morning, contrarian, he says a shift in ecb policies would make the european situation uglier, not prettier. for one, draghi would be conceding fiscal dominance, demonstrating from governments run budget deficits they can count on the central bank. more important "the political consequences could be dire if the ecb succeeded in stoking german inflation and weakening the euro. your reply? >> sounds like simon must have been writing under a pseudonym, one of the bonders bank guys who has written that piece. this is the exact thing the bundes people think all the time. it's narrow-minded judgment as draghi correctly said the scale of the widening going on in spanish and italian bond spreads was effectively impairing any monetary policy role that the ecb was undertaking and they have no choice, and it's kind of grandiose for people to make those kind of comments that it sounds like simon's made but it's sort of missing the immediate points. at the end of the day, if there's no mon

jim is. he's here to weigh in on the breaking news that julia boorstin will have in a second and simon of course in for tyler at the nyse. for those of you listening and just joining us, the dow jones industrial average was down 100 points a few moments ago. now down 97. s&p down better than 9 points just above the 1400 mark and the nasdaq traded down two thirds of a percent. the gold market is rallying. up 35 bucks on gold and brent up two thirds of a percent. more on the markets and investors thinking about in a few minutes but first to julia and the breaking news on facebook. julia? >> we got exclusive access to facebook addressing a big mobile problem. the social network is half a billion mobile users and hasn't ramped up the mobile ads. part of the solution may be in the announcement, a new mobile app for apple devices. facebook says the new apps twice as fast as the old ones and should enable it to serve more ads. facebook says it's focussed on the user experience, there's no denying implications of the company's bottom line. we sat down with senior executives saying that the old app is to

. >> simon, thank you very much. time now for jim cramer 6 in 60.or.com. >> a lot of guys saying it is a great quarter ahead of thursday. i always find that confident. the price is big. >> people are trying to get back in this stock, i prefer under armour. this restaurant won't quit. i tell you, not an expensive stock. this was a mediocre quarter, the stock is starting to come back. amazing if it came out with that mood. >> you were tough yesterday? shorter? >> i went over the quarter. it's still -- it's home depot. they just won. >> where did you get those shoes? >> these are rockport shoes. i got them at the rockport outlet in flemington, dsw, designer, i once called a discount shoe warehouse with a remarkable number. remember, retail, urban, design designer, hey, look man. what remarkable values. >> some of that money tonight. >> we're picking a quarterback tomorrow night for "mad money." this is from devon. it has been a very poor performer. capital trust owns it and find out why it's done so badly. at victim jamer on twitter, help me pick a qua

jim edgar, the former governor. after that class, he gave me the opportunity to work at the paul simon public policy institute.hat was incredible. i would literally sit there and answer the phones at this place. it was amazing, the people who call. one day i was sitting at the front desk and it was howard dean during the whole thing. he was calling to get -- to talk to paul simon about it. one day, i pick up the front, it is oprah winfrey. it was crazy. one of the things that i did was file all this correspondence. he would correspondence from heads of state, amazing array of individuals, and he always said to me, it only takes one person to make a change. i know that sounds really high in the sky, but this guy could do it. he was paul simon. he could pick up the phone and call somebody. he really inspired me. that is what kind of got me involved in this, what gave me that idealism. going to the legislature, my idealism is somewhat tempered a bit. i am not paul simon. one day maybe i will work for another paul simon or somebody like him. >> like i mentioned earlier, i graduated with a degree in political scien