who would you place your bets with today, josh brown? >> all three are brilliant guys but i think you have to look at the company. obviously everyone loves bezos and amazon. like steve jobs did bore him, he came back to a company that had lost its way after he worked so hard to build his own vision into the culture. it was almost like lightning striking twice. that's really rare. not every founder can come back and do it twice. michael dell is a good example of when it doesn't work. from that standpoint he has it. >> i prefer starbucks versus all of the others. >> joe terranova. >> let's be clear on this. what mark zucker berg has done by age 28 is something that very few individuals in the history of the world has actually accomplished. he'll figure it out. on the call yesterday he did sound somewhat like a student reading a book report to the class, and i think the problem that you have there is when you look back inside bezos and you look back inside the career of howard schultz, you'll find things that helped them. look at bezos. bez

. >> josh brown. >> i guess let me chime in from a wealth management standpoint. i work with high net worth investors. they are not interested in academic argument about returns over 100 years. what they are more concerned with is when stocks are good what kind of returns can we expect. the best way to look at that is to understand that stocks move in long term 15 to 17 year secular markets. we are in the midst of a secular bare since march of 2000. look at the last bull market '82 to 2000 is a 1,500% return in the s&p 500. i don't know when the next 1982 is but we have 115 years worth of sample size data. it will come at a certain point and when it does it will be similar to the '80s and '90s. i don't mean zynga. i'm talking about wireless internet at the same time. we may have to accept low equity returns. bill gross may be 100% right over the next one, three, five years. the people in for the next bull are going to be looking at 1.# 5% and will laugh. for for more on the letter and the outlook for what the fed is going to do this week let's bring in tony of pim

josh brown at the halftime trading desk. what are you doing today? >> today we're not doing very much. we have the beginning of earnings season and see a lot of twitchiness out there and the action is indecisive with the dow and nasdaq split. i think what's interesting and perhaps vehiclesen as we get going, negative announcements at a three-year high. expectations are not very great here. that being said, seeing a lot of twitchy action, people not quite sure which way they want to lean. we're kind of hanging back and will see what develops. >> anthony scaramucci on the desk with me and a good view into the hedge fund community and how they will see and trading and investing in the second half of the year. you spend a lot of time as governor romney and the president yesterday was speaking about taxes and put it all in perspective how everyone should be trading this market. >> it is a lot. here is what i would say. i think the hedge fund community is doing poorly because the majority of hedge funds are long-short managers and long-short is not working

josh brown of fusion analytics. paul shatz of heritage capital. oh. bob -- you have been on the floor all day today talking to trade traders. the market has not done all that much in the last couple of hours. retail sales, though, were very disappoint. >> worries about china slowing down. i think the market is holding up very well considering the concerns out there. two things i would say is number one, really helps that citi, wells fargo and jpmorgan came in all right and no disasters. number two, i just think there is an awful lot of faith in central bank policy. there is a lot of qe3'ers out there waiting for signs from mr. bernanke. if you look at what's moving here money still going into anything that has a yield. utilities are at new high. it can go either way now. >> yeah. really could. it is a great -- let me get with you, josh brown. what do you think this market is waiting for? sit bernanke that's most important to provide a catalyst here? do you think it is the second-quarter earnings which, of course, will pick up pretty good this week and

. >> josh -- >> it's josh brown. i'm just curious, the knock on google and the chart's really tough here as well -- the knock is that at the end of the day, this is a very cyclical advertising business. they have all these products and divisions, but really, we're talking about ads. can they ever overcome that stigma, and can they ever show real revenue and real profits in some of these other businesses? >> no. i mean, even the newer businesses such as video and mobile, it's going to be an advertising type of business. and as the economy goes, so goes google. that said, you know, we're talking about a multiple on google's earnings that is worse than almost any cyclical name you can think of given especially the growth they're still seeing in their business. you know, we're looking at a little bit less than ten times next year's earnings next to the cash they have on the balance sheet. and that, again, just seems to us to be on the cheap side here. >> darren, itself stephanie. do you think investors are going to sell

. >> bring in josh brown of fusion analytics. he's getting back in the market after spending the last two months in cash out in his bunker. what are you trading today? >> run shorter-term tactical accounts. we've been pretty risk off since the spring. but wetback in, did some russell index stuff, s&p stuff. basically that's just predicated on the fact everyone got way too bearish, us included. you look at things like wall street strategists, they have never been this bearish in the last 15 years according to bank of america survey, more bearish now than they were in the crash of '08 and tech. you have to look at market sbernls and momentum, velocity of selling had ground to a halt even as indexes making newer lows. what that told you was the appetite to sell was gone. you also had the headline upside surprise you guys were alluding to out of europe. that combination gets us back on a tactical basis. if you're going to be tactical you can't be risk off, you have to also come back in. i think now is as good a time as any. >> the no

. >> let's get josh brown in quickly.yesterday on a different program in the afternoon you said you weren't really ready to do anything in the market, not take any coined of risk in either direction. what now? >> no. we have long-term positions, but i don't want to drad the start of the season because i don't expect anything great. i want to get back to some of these points on the fed. this is really important. i hope everyone pays attention to this that thinks they have to have a game plan. the only reason it is relevant is because it is short. a move from the fed can hurt you here. if you're long, the fed cannot fix your economy. this is a balance sheet recession. this times time. a quantitative easing program will juice the market for a period of time and will not fix the economy. this is not really that important if you're an investor. >> many trasds to come on the rest of the program. steve liesman, thanks to you as always. focused on the weak kmern consumer as well. coming up, the critical back to school sales seaso

josh brown, you know, jpm has really been the standout to the downside over the last several trading sessions, auto even on days where financials have performed well and j.p. morgan has not. >> the earnings is obviously at the forefront of everyone's mind for the last week because as we have talked about here on the show, it is almost as close to a black box as you can get when you have the ceo saying things like solidly profitable and that doesn't give us much in terms of what can we really expect. we know they have a lot of levers to pull, so it will be a mistake to think this is a horrific miss or anything like that. the other thing is the libor investigation is making the rounds to other banks. there were rumors about citi being the next to catch flack and now they're talking j.p. morgan in the cross hairs. it is all chatter and nothing substantive but you should be aware of those heading into the company's report. >> jason is a new face on the desk today. welcome. what's your trade in the financials. >> the banks are dangerous trade. used to be safe investment, but with all of t

and josh brown shopping for deals fresh from the trading floor, this is fast money. >> live from the nasdaq market silt in new york city's time square, i'm melissa lee. >> why not? aren't you ready? >> i am born ready. >> i think today gave something to bulls and bears. you closed 14.41. what does that mean? 14.22 was the recent high we saw back in may. this is effectively the 50% retracement. we're definitely not staying here. i'm more on the negative fence but i tell you what if the market can close at the 13.50 level then we will probably push through the 13.66 level. yesterday, i don't know if you mentioned on the show, yesterday we had an outside day to the downside. >> we did have a lot of action in the markets. >> we have got the cha seung baek cha. ultimately held key levels. the 15 and the 20. got a bow tie. >> that is coming up now. >> more importantly, we have got a lot today but i don't know what we have got. in fact, what we did get was starting out the day. pushes a lot of that down the road. the fed minutes are very important. give me weakness, therefore give me streng

which is a company we've talked about on this show with guests like josh brown the reformed broker or reggie middleton who discussed openly that this was vaporware it's a vaporous company run by vacuous c.e.o. within the realm of a nonexistent business model trading virtual currencies that only had a one way to go as a public offering and that straight into receivership straight into the zero length of goose egg shell but not without the insiders cashing out along the way that make those digression that whether at zynga facebook group on the insiders have been cashing out in this classic pump and dump scam but they were aided and abetted by c. and b. c. and barack obama remember he had zuckerberg in his office with his arm around him a zoc how about some shares on that i.p.o. now down fifty percent in the old days it all just. broker stacey the nineteen eighties this was the chop shop the bucket shop the d.h. blair's lehman brothers even they got really down and dirty with these i.p.o. pump and dumps but to do it now at this stage of the game when the criminal fraud is so apparent in

and it would be more attractive if it can make some short term progress josh brown, where do you vote? >> i thought the oped was really good. one of the things that he said was surprising and i agree with him. it's very possible that eboth dand dates embrace it as the model from reform. i don't know if he will be right but i thought it was interesting to hear that level of optimism from someone who is clearly talking to someone in government and in the industry. >> i can't help but wonder if he was saying something nice about the u.s. so the u.s. would say something nice about him. >> i think that is part -- i think that is part of it. if they can improve in a few key areas. >> like regulatory environment. let's say capital requirements on banks. >> i still think europe was a mess. the shanghai market that dan and i were talking about is a three year low. i think that is trying to tell you something. i think it's trying to tell you something. i think people believe that the feds are going to be there so you can't get in the way. it's painful to be of the bear mentality. right now the

. >> josh brown. >> i'm going with worthington steel.to tell you it was not easy finding any metal stock at all. that lined up fundamentally and tactically. this one is interesting. levered to housing, which is a good thing. they are paying a two and a half% dividend. >> btu. coal name. they are going be announcing earnings tomorrow morning. neighbor have a tradeable rally here. last week they announced a distribution arrangement. i think maybe we could end this contest quickly and get a nice snap back. >> i may have to disqualify you for that. >> the ultra short gold etf. this is a bearish play. it's hurt by a rising dollar. >> we will be right back. >> time for the final trade scott? >> long j.p. morgan. >> wiess? >> my apple tree. >> i feel like the price action in eten. >> pfizer. i think you can buy it on any weakness. >> josh. >> worthington. >> see you tomorrow

. >> we have max wolf, and josh brown. kayla, based on the reporting you just did, i want to get right to the issue everybody wants to know. you asked the question what could get rid of the jitters for inve investo investors, is it mark zuckerberg himself? >> we have not, but it's sharon stanberg who is steering the ship. she has vision for the product, and ebersman is the financial engineer. people want to know since mark has control of the company, he is steers the ship, that he will be there if they want him to be least on the call. >> that's a great point. in terms of the advertising and mobility, max, are they going to be able to quiet down the mounting concerns about ad profitability on mobile prices? >> i think they need to, we're only beginning to see the rollout of a long-term strategy to monosize a rapidly growing user base. we need to see growth two to three times higher, and we need to see this company begin to monetize outside of the phone world. zuckerberg will be important to show that he is involved. this i

exactly, he is keeping it very simple, and hopefully we will hear for from him in less than a -- josh brown, we have a miss on starbucks, amazon a miss as well. negative showings, what's your take on the earnings season so far? >> this is a terrible earnings season, and anyone that says differently is not focused on the top line. you can fake earnings, move things around, but sales are sales, and amazon not great, starbucks not great. this is par for the course. this earnings season is a mine field. you could see a company in one industry miss badly. sell off by 20%, and the closest competitor does the opposite the next day. it's a really tough earnings season. i think on facebook, that's not good enough, this number. this subpoena supposed to be one of the hottest growth companies on the planet. >> the stock is up, it's -- >> barely. i think that's not good enough. one of the first three questions from analyst on this call will be addressed to ebersman, you talk about r and d going up, staff going up, can you give us a more specific idea. people want to see what is the investment to make t

we have -- >> analytics josh brown is with us. he says money can be made. he has -- ten reasons, i wish we had time for all ten. you feel that the money can be made at this point. and why you are bullish on stocks at this time. lee munson says it is time to stay diversified. brian shactman and rick santelli. one of the reasons you are bullish on stocks now? >> i think the big reason probably is that -- sentiment. all of this stuff with europe and -- bond prices and no one is saying anything you haven't already heard a million times this month so far. so i -- i think what it comes down to is there are stocks working and -- looking at my screen. when i look at the things that we are watching, there are a lot of stocks very casually rolling off to new year highs and in some cases decade highs. it is a -- >> lee, what -- you are relatively bullish on this market as well. why? >> well, i mean, listen. back at in late may, bill, i told you i was all in and ready to buy stock. horrible may. last day of the quarter, friday. and you -- what's going to make it go up.

. >> sam, it's josh brown. i'm curious. i'm looking at a stock that's basically down 51% over the last 12 months. yet has a lot of financial flexibility. no debt, more than $200 million in cash. is something that might be possible here some kind of, i don't know, buyback or institute of a dividend? what's at stake here for this company to let the stock continue to drop and will they act at a certain point for their shareholders? >> well, we know that people have been asking them potentially to step up their buybacks and so on. and that is a potential risk to my call. however, it doesn't fundamentally help the business. and if they can't achieve -- they put out their goal in 2015 of $2.4 billion. back in january they put that out there. i think the growth opportunities are at risk, while doing a buyback or something -- during the short term it doesn't fundamentally help where they're going with the business. >> sam, good to have you on the show. if you're going to get rid of this name, deckers, who do you like in your covera

and mike shanahan said young will mess one to two weeks, josh morgan held out today and has a pulled hamstring and there is no updates on brown'sit. the offensive line took a big hit less than a week into training camp and brown has lingering hip issues and leichtensteiger is out until the season opener and they lured him out of retirement. he's appeared in 80 games and started 40 of them. >> to being honest, i was not expecting a phone call. i get the opportunity. i absolutely started losing weight. i can but the weight back on. >> and the secondary got a makeover. hall returns to anchor the cornerbacks with josh wilson. the safety position is full of new faces. they added brandon merry weather to williams and jackson to compete with dowdy and another. landry, as as you remember, blessed the free agency and this is d. hall on the d. backs. >> collectively as a group, we have a bunch of playmakers there and we have seen jackson a bit. you know, we watch a little bit of the tape of the buck mores when we're incorporating the defenses and seeing the way he played there is exciting to see him on the field and that is -- and trying

the browns surrender their 2nd round pick in next year's draft because they used it today...cleveland selected baylor receiver joshgorron in the 2nd round of the supplemental draft...gordon is a 6-3, 224-pound speedster who caught 422passes for 714 yards and 7 t-d's inn2010 for the bears...he did not play last year after beiig dismissed from the university for violation of team rules... goodon was the only player to the colllge game...and what could be a very bnig year for a marylanddterp...defensive tackle joe vellano has bben placed on the watch list for two more posty-season awwrds, the bronko nagursky award, which goes to the nation's top defensive player ann the outland trophy, which goes to the top lineman...a pre-season all america, vellano's average of 7.8 tackles per game was the best in the nation. ...and more pre-season accooades for towson's resident superstar...terrance west as been named to the watch list for the walter payton award, which if the fcs was a finalist last year...as a freshman, west ushed for over 12-hundred yards and 29 touchdown, leading towson to the biggest turnaround in thee nation

brown ahead of his opponent by 16 points. politico wrote this. there isn't a senate candidate in the country that earn ad more consistent line lousy headlines since josh. he continues to defy political gravity and inching increasingly closer to democratic senator brown in polls despite repeated stumbles. clo the clout of a campaign investigation and so what gives? the era of outside spending where even a candidate can stay in the game p they are sustained firepower trained against his opponent. to which i would add and -- the constituents, the voters, wouldn't know where has this money even come from at the time they go out and cast their ballots. >> i think that's exactly right. what you are see sing the raising money but being able to focus it in laser-like way on a local race. and if you want to look at it from an investing perspective at some of those billionaire republican donors like to do, in a way, you're political investment, you get more leverage for it if you focus on a local race. i think we will see a lot of that. >> thanks for your commentary. ever wonder what mitt romney talks about when he is forced to make small talk? remember, you ca

brown has basically, as one legislator told me, has taken the parks out of the icu, but they are still in the hospital. >> that's all for tonight. thank you both, paul and josh. visit our web site to see past segments and subscribe to our podcast and share your thoughts about the program. we will be off next week for the independence day holiday. i'm belva davis. thank you for watching. good night.

quinnipiac poll from late june has brown ahead of his opponent by 16 points and this -- there isn't a candidate in the country who has earned more lousy headlines since josh -- despite repeated stumbles. the clout of a campaign investigation and so what gives? the era of outside spending where even a candidate can stay in the game -- the constituents, voters don't know where has this money even -- >> and what you're seeing is raising money, but being able to focus it in a laser like way on a local race. and if you want to look at it from an investing perspective at some of those billionaire republican donors like to do, in a way, you're political investment, you get more leverage for it if you focus on a local race. >> thanks. >>> up next, ever wonder what mitt romney talks about when forced to make small talk? and remember, you can follow me on twitter if you can spell smerconish. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all

josh, come on. >> oh, why don't you -- >> all right. here we go. we'll just cut it. >> how long on the grill to get this perfect? >> maybe after the crust is browns soon as everything curls up and melts, you're in, right? >> josh, you want to pass this out? >> they're gone. they were gone like hotcakes. >> how was it? >> it was okay. >> another great summer item we have -- >> vegetables. >> mushrooms. shiitake mushrooms. and it has a little bit of garlic. that's kind of like a pesto. you just drizzle it on. you have to make sure your wooden skewers, you put them in water first. and mushrooms, not always available all year long. but they're plentiful right now. >> everybody has to eat them. >> that's amazing. the cheese and the pesto, with that. oh, wow. >> now, last -- >> a little pesto goes a long way, i find. >> it does. >> don't over-pesto. >> you don't want to over-garlic, as well. right now, mangos are in season. we take a puree of mango and a little sugar. and make mango pops. put them in cups that you have. >> this is delicious. >> they love that. >> who is in? >> oh, my gosh. >> i don't know what to take first. >> all right. >> we have t

is making an impact seems to be in ohio where senator sherrod brown is up for re-election and running against republican state treasurer joshis a tea party favorite and has backing of outside groups. outside groups backing him have spent almost five times more than the outside groups that are backing brown. however brown is still ahead in the polls. >>> in a little bit of lighter news entrepreneur.com has some quirky state laws that have just gone into effect we wanted to tell you about. july 1st happy hour in kansas. for 27 years, there was a ban on bars offering happy hour prices. now you can drink there during happy hour time and on long island, it is legal to tell a white lie online. i would recommend online dating somewhere else. in indiana, you can sell a motorcycle on sunday. as car dealerships however still closed that day. we're back with more after the break. stay with us. politically direct means no b.s. just telling you what's going on in politics today. >>at the only on-line forum with a direct line to bill press. >>it's something i've been waiting for a long time. >>join the debate now. joining us. >> my pleas