john hofmeister with citizens for affordable energy.>> thank you. >> all right. good stuff, isn't it? tracy: very. ashley: he knows his stuff. coming up more changes to the president's health care law. find out what it means for you and for uncle sam. tracy: means they don't have a clue. as we head to break, let's look at some of today's winners and losers on the s&p 500. speaking of oil and energy, peabody energy, consol energy are your big winners. we'll be right back. ♪ tracy: 90 minutes until the close. take a look. we have been talking about how tech has been disappointing everyone, and the only read this tech. microsoft, cisco, hewlett-packard, intel. nicole petallides certainly not as disappointing. on the floor of the exchange. jal is not a disappointment either, up 90 points. >> reporter: you are right. we are seeing a great day on wall street. gains great for the bulls. hot on this market. new money is entering into the market as well. right now the dow is up about 90 points. most of the names to have up arrows. a lot of names

john hofmeister of citizens for affordable energy. thank you for joining us. >> thank you.il closing down $0.79. $104.70 per barrel, nearly a loss of 1 percent on the day. a losing week, down 3%, snapping four straight weeks of gains for crude. stocks surging to a new milestone after the dumps the majority stake. dennis will tell us why this deal might spark some controversy next. ashley: as we head to break, take a look at the ten and 30 year treasury. we will be right back. ♪ ♪ ♪ ♪ ♪ [ male announcer ] if y can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. going on now at your authorized mercedes-benz dealer. she's always been able it's just her way.day. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed a

. >> john hofmeister, always outspoken. we appreciate it.very much on a friday night. >>> now, folks, it's time for our free market friday panel. the issues for them to tackle are big. we'll start with their take on the detroit bankruptcy. and that is just the beginning. please stay with us. we're "the kudlow report." (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." check for more! well, i guess i can double check... my watch! [ male announcer ] it pays to double check, with state farm. >>> with detroit now the largest municipal bankruptcy in u.s. history, are residents of other cities worried this will happen to them? go to the front page of the "

our friend john hofmeister, the former president of shell. >> thank you, carl. >> is this going to sell? >> absolutely it's going to sell. i think 15,000 is really probably a good first year estimate but watch it take off because what will happen, carl, entrepreneurs, people that run retail stations all over the country will say, hmm, maybe i should get into this. this could be the next big thing, and, you know, pickup trucks make a big difference across this country in terms of passenger vehicles. but we still have more steps to go. i'm all in favor of competitive fuels because not just natural gas as cng, compressed natural gas, and lng, liquefied natural gas but we can turn it into meth thol and use it in flex fuel cars. that's the mass market automobile with flex fuel capability. that to me will be a big break through which then gives us a range of competitive fuels and it will affect the price, the availability, and we could be a nation of affordable mobility which we were for most of the last century. >> right. now, you know, with elect

>> thanks, john. >> thanks, hofmeister. hofmeister meister, thanks. >>> the jobs report now only two hours away. as joe was saying, dennis gartman will tell us why the employment data will get an erratic reaction from the market. "squawk box" comes back after this. ♪ ♪ ♪ ♪ ♪ [ male announcer ] the all-new 2014 lexus is. this is your move. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> huey lewis. >> i don't like moving with music. i don't. >> you're a -- >> i'm like t