josh lipton, what is going on? >> maria, listen. fed speak can shape today's session. dudley, powell, lock hart, out in force emphasizing accommodation. no increase of rates on the way. in terms of sectors what worked is financials and industrials. materials lags. really the industrial gas names. apd, arg and px. banks also in focus today. bac, rf and wfc. home builders also in focus. ryl, hov, dhi and len. we are watching bond etfs.

josh lipton joins on the floor of the nyse. off flows but a negative day. >> off flows and down triple digits for the dow. two fears, fed tapering and now on top of that you've got these chinese liquidity concerns, worries that the credit crunch could slow down the economy there even more. >> what's new today about that? is it the goelt goldman call coming out with their assessment of what the economy will do? knew about those wednesday, thursday and friday. >> goldman is adding on, but goldman did downgrade their gdp forecasts. >> that's interesting. >> you're seeing that show up in the casino stocks, gaming stocks, winn, mgm, las vegas sands that gets about 85% of revenue from china and winn about 75 and mgh 20% but highly lefrmgd so it will respond more to that's rates. >> las vegas sands improperly named. josh, good to have you. >> you got it. >> over to the nasdaq and seema mode following the movers there. >> apple is now off of its lows and holding on to that 400 key support level so apple is now down just about 3 boston

josh lipton is watching dell. interesting story developing here, josh. what do you have?me headlines just dropping here on eye cob icon and dell. icon proposing dell commence a tender offer at $14 a pop. icon announcing a prven purchase of 72 million dow shares. you can see the sharp pop in dow shares. right now up a half a percent. >> an interesting new development from carl icahn. do you want to make a comment? >> it's incredibly interesting. what icahn is looking at he's got limited risk. he's trying to force them into doing something. what we really don't know is when he's going to come up with the financing for his own offer. >> let me just let you know as well as part of this letter from icahn, he says a major bank has agreed to $1.6 billion in financing. is that right, john malloy? >> but he's still short. >> he needs $5 billion -- >> he's putting 2 up on his own and 1.6. >> but it's symbolic as well in that if there was any balking among major firms to get involved in the financing, you get one, you get two, you get more, you get your number. >> we don't know who

. >>> and to josh lipton we go for another big-move day here, josh. how does it feel? what are we doing going into the final hour here? >> bill, we're definitely in the green. the blue chips up 103 now. you hear two themes traders talk about. one is china. you had the liquidity fears gripping markets yesterday. now, china's central bank easing the worries of a credit crunch. and also, a lot of data this morning, clocked in better than expected. durable goods, consumer confidence. not surprising, what's working today, the cyclical sectors, the economic-sensitive sectors. the semis, and also the financials. the banks benefitting from a steepening yield curve and the economic data suggesting an improving economy. we are also watching the homebuilders. the home prices, best consensus, new home sales, better than expected. we were watching phm, kbh, which are expected to report on thursday. maria, back to you. >> thank you so much. >>> stay with us as we break down the market here on the "closing bell exchange." josh, mark, keith fitzgerald, and our own rick santelli. good

josh lipton here with me on the floor of the nyse. what you you watching? >> blue chips racking up 107 point. talk to strategists and traders they will pin a lot of this on central bankers. policy-makers around the world, a lot of talking from china to europe. a lot of calming word. if you look at the s&p today and your benchmark gauge, you'll see a more defensive tone today. it's health care, it's staples, it's utilities that are pacing gains. you hit on gold for good reason. it's at its lowest in nearly three years. look at miners, just some on our radar, sue. >> with losses of better than 5% on most them, 7% on others. josh, thanks so much. >> you got it. >> see you a little bit later. >> noah black steen joins us, manages about $2.2 billion and right next to me is joe greco, managing director with meridian equity partners. joe, i'll start with you. how does the market feel to you today? mean, what's the volume like? what's the vibe this you're getting from the market today? >> i'm getting a vibe that no one really wants to stick their neck out right now

josh lipton here.ling me more about pulling the market back off of its lows. >> they are off the lows. down triple didn'ts and now down 78. really a range of issues. you have continued concerns about the confusion. of course, the big jobs report tomorrow employment indicators suggesting that it could be a weak one. some of your laggers there include netflix and pitne pitney bowes. a chinese company that has the bulk of its business ever. back to you guys. >> before i let you go, your thoughts on which is more important. the sell off that you're seeing. i'm hearing both sides of that story down here. >> they are really focusing on currency markets. they can accelerate to the downside. hedge funds borrowing cheap yen that use the proceeds to buy assets. what they want to see if it's a weak report, is that good? does it make you worry about the economy? >> you hear both sides of that story, too. thanks so much. >> the nasdaq is off almost half a percent now at 338774. shares of apple, part of the reason w

let's head to market flash with josh lipton. josh, what are you watching? . we are watching the news reporting an estimated drop in yum brands innen china where they generated half of sales. in april sales were down 29%. worries about the bird flu outbreak, that down 1.3% in the after hours. back to you. >> perhaps we shouldn't have been surprised by these results because of what we heard from mcdonald's and how china was still week because of the chicken backlash. >> a positive statement by goldman that said they think china's friends are going to return to where their. this is a roller coaster ride for people. falling 19% means these trends are not reversing. yum is as well positioned as anybody in china but you don't need to chase this news to buy the weakness. >> mcdonald's gave back some of the gains it had yesterday. so to me i think it's a crowded space. we talked about it on the show last night. yum is extensive and people are paying a premium for that growths in china which two quarts in a row looks down 19%. that's extensive to me. >> dominos pizza,

i'm josh lipton. some news here for gamers.s position on used games to the x box 1. microsoft will allow trade and resale of used games without restriction. you can have a look at game stop, gme up more than six percent in the after hours at its highest level in more than four years. melissa back to you. >> dr. j. that's the trade here? >> michael pack ter said it when he talked with him last week. we both love game stop. that's the play here. gme screaming higher as josh just said, $2 through the old 52 week high. i got to like this one still and with the new games and new consoles coming. and i think this is another reason to keep owning this stock. >> time for our top three trades for today. first up fedex delivering ond beating the streets estimate. still underperforming the market so far this year. mike khouw. >> this is an interesting case because like a lot of stocks trading, the top line growth isn't doing fob that great over the next couple years. still we're looking at solid earnings growth, probably better than 7 buc

the trading action here, josh lipton is waupg thtching that.gold goes down, it's continuing on the upside. >> the feds knew they could shake the session. they said an outright rate hike is years away. the fear gauge, you see that down 25% since monday's high. and the s&p, consumer discretionary, also hospital stocks. i mentioned those. under form yesterday but bouncing today. they like this sector. reform means more coverage. thc is a buy, they say. priced at $48, sue. >> thanks, josh. appreciate it very much. let's go to the bond market now, rick santelli tracking the option. we got that auction out of the way, ricky. how do the yields look? >> old school is current school. there is always a bit of a rally. as you look at the day of 7, you can see double bottoming on yields of 189, double bottoming at 246. look at the index just referenced by bertha. kind of similar bottom, all lower or unchanged on the day. these are key areas that will give us a clue, especially if we close on 2.50 on the 10. >>> the dow moved 19 trading sessions just a few

. >> all right, josh lipton. there are 50 minutes to go before the "closing bell" rings on this wet and rainy day on wall street. maria, dow holding on to a big gain of 150 points. s&p positive as well. stocks snapping back from the sell-off of the year. >> scott, did you get this tweet in social media stocks are soaring. don't tell that to face book. the stock getting crushed compared it high-flying competitors. we will go to hash tag and what is wrong with facebook. >> what is going on with lululemon? then the chairman unloaded company stock at a very inopportune time. we will find out if this is a stock that should be in your portfolio. >> hollywood tightens. steven spielburg and george lucas have been at forefront of how you view movies. now they may be changing prices. >>> the settingor getting a big boost so far this year app angie's list up 114% this year. yelp, linkedin, groupon, all up more than 40% to date. facebook seems to be the only one left out of the party. >> what are other social media companies

josh lipton running through the movers and shakers right now. an amazing run. >> absolutely, maria. and some big movers in today's session. let's get to it. we'll start with the worst performer in the s&p, that would be dollar general. the discount retailer trimming guidance for the year. stacy wiglitz saying the print reflects how weak the low end is. also falling hard, salesforce.com, offering $33.75 in cash for each share, a 50% premium over monday's close. not everything in the red, though, today. monster beverage, shooting higher. that after the company's ceo said during the annual shareholder's meeting that sales had been improving. g-3, also in the green. the apparel making reporting better than expected earnings, and raising full-year guidelines. analyst at breen capital raised the price target to 54.50. viacom also inching higher, after announcing a multi-year deal with amazon. and after the bell, mattress firm up sharply on better than expected earnings. guidance roughly in line with consensus. maria, back to you. >> josh, thank you so

let's send it back over to josh lipton. >> watching soda stream moving sharply higher today. most of the concerns about it is that it is a bad. he says the fears are overblown. stha stock up nearly 8%. sue, back to you. >> i will take it away. that's an amazing move there. fort shares talking about stocks on the move. right now you see them there, down about 2 -- two tenths of a cent at 15.68. the automaker posting a 14% jump in sales for may. and phil lebeau is live with sales and marketing. phil? >> let's bring in jim from ford headquarters in michigan. we just showed some of the figures there. >> it's a cyclical improvement in the market as a whole, plus ford's unique position. the number one truck for tradesmen, for seeing the housing market driving improvement as well. people have the age of full sized trucks was really high now. and so people are replacing those products as a business tool. >> how much are margins getting squeezed? you are able to raise prices and transaction prices are up, you're facing stiff competi

josh lipton, where is the strength right now? >> listen, bill, we will talk about the banks. best three-day gain for that sector since the start of the year. if you pull up xlf, that is the banks's etf, just talking to mark newton, mark pointing out the nice bounce there. he does see resistance around 1975. but good group to overweight, since mr. newton. a new 52-week high today. economic data suggesting and improving economy. rising rates. regions, zion, mtb, hcbk just some of the names. mari maria. >> thanks so much. the oldest and largest trust company just released a survey about attitudes of wealthy investors. joining me here in aspen at aspen ideas festival is president of u.s. trust. keith, good to see you again. >> good to be here, maria. into the second quarter, what are your expectations in terms of client sentiment going into the second half? >> people are still nervous, maria. we have been trying to get clients to step up exposure to equities. well represented in an allocation context. we turned positive at end of 2012 and encouraging our clients to continue to ad

we have cnbc's own josh lipton at the new york stock exchange. good evening. >> reporter: good evening. we had a volatile day. finished off the lows of the session in the red. the dow finished down 139. still major benchmark indexes finishing near two-month lows on heavy volume. concerns about fed tapering. chinese liquidity issues, worries a credit crunch there will contribute to a weakening of a economy. we saw a bounce in today's session as the market stanged a big comeback but yields move higher. you could see it in some bond etfs. we also had a lot of fed speak, including richard fisher, the dallas fed president, reportedly saying the fed would move cautiously saying he doesn't want to go from wild turkey to cold turkey when it comes to stimulus. the defensive tone, growth worries weighing on the cyclical sectors, the economically sensitive sectors, energy, industrials and financials. but back to china, you could see the selling in certain china etfs like the gxe finishing in the red. that down 13% in the past month. also it's china, so we t

josh lipton is at the big board. s s seema, bertha. josh, what are you hearing?p talking on another 16. if you look at what's working, it's a mixed session. healthcare, consumer discretionary, utilities, and industrials. so a mix of both cyclical and defensive sectors. commodity stocks in general having a tougher time today, a.k. steel, alcoa. on the commodity theme, check out boise cascade, bcc, building trades distributor, well below what the street was looking for. looking at prices for commodity, wood products, declining 25% since last april. finishing in the red. bill, back to you. >> all right. the nasdaq surging along with the broader market, but not all stocks are participating, right, seema? >> that's right, bill. closest session highs on the nasdaq. here's what's interesting. apple not participating in today's rebound. shares down another percent today, below that crucial $400 level. mark newton says 382, that's the next level to watch. remember, this is a stock that was trading in the 700s just eight months ago. renewed concerns from analysts on its pi

maria, back to you. >> all right, josh lipton. pardon me. thank you so much, josh.inutes of trading. a wild week. market up 55 points. >> david says the long-awaited pullback is probably not over. he'll join us next to tell us how much more selling could be ahead. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." >>> about eight minutes before the closing bell. maria is working on her 1,001th first tweet. >> yes, i am. >> coming down to a tough week for investors. here with us. >> two investors to help break it down. chad morganlander and david from morgan stanley. good to see you. thanks for joining us. david, what do you think? we had a tough week obviously. emerging markets getting smashed.

first though josh lipton joins me on the nyse floor. good to see you. >> the blue chips are racking up triple-digit gain. two other things and you touched on them. one, china. yesterday, you had the liquidity fears, would a credit crunch slow down the economy and right now policy-makers step in and calm some nerves. also a lot of data, durable goods, consumer confidence, not surprisely what is working today, the cyclical sectors, economically sensitive sectors, semiconductors and also the banks benefiting from a steepening yield curve and that better economic data suggesting an improving economy. the home builders, another sector we're watching closely today. new home prices beat. names like pom, hsb and lennar, felt lennar's ceo very positive, upbeat comment, and check out the housing-related names, and we'll end here with one in the red, walgreen, wag, a three-month low. same-store sales barely budged. 0.4% and the ceo talking about an economy that remains challenging. >> down almost 8% on the trading session. let's widen it out and b

let's get straight down to the nyse with josh lipton and out to rick santelli at the cme. how are things there? >> a day in the green there. the blue chips up 95 and traders will talk about two themes today. one, they will say china. yesterday, of course, liquidity worries, concerns that a credit crunch could slow down that nation's economy even more. chinese policy makers stepping in and easing the worries. a lot of economic data better than expected. durable goods, richmond fed, consumer confidence and what's working today the cyclical sectors, the economically sensitive sectors, banks benefiting from the steepening yield curve and better data suggesting an improving economy. certainly home builders another sector we're watching. new home prices beat. hov and spf and ones we're watching closely in today's trade. >> we'll talk more about housing in just a movement thank you very much, josh lipton. let's get out to rick santelli. it's limp been a ric week, right, since the fed meeting. how much investors have slashed their bullish treasury bets? >> it's like we talked befo

. >> josh lipton, what is on your radar? >> we are watching the financials today under some pressure. kbw's fred canon chalks up the selling to above average rating. also the sector has enjoyed a nice run so maybe some profit taking here and a case in point, sandler o'neil's jeff hart telling me he's becoming less bullish because of the recent run. recently took his buys off goldman and bank of america. keep in mind the yield curve is steepening, good for interest margins at the banks. the reason canon says he doesn't see any fundamental reasons. >> look at that chart because citigroup stands out like a sore thumb. there is a note out apparently saying citi could face billions in currency losses and that is perhaps what is the biggest pressure on shares of citi today in addition to just overall selling in the financials group. murphy, where do you go here? >> i think you look for citi to settle in in the $50 level and you buy it. could they face losses? they could but all of them could face huge losses to currency. if you be

josh lipton. facebook investors are gathering today in san francisco for the company's first-ever shareholder meeting. facebook's stock has certainly been under pressure this month, down almost 10%. now at $24.03. are investors getting impatient with zuckerberg and the stock price? we're joined with larry and chris. good to see you guys. thank you for joining us. >> thank you. >> thank you. >> i guess the question is, we know the stock is weighed down from the ipo. as a shareholder, what do you want to hear from this meeting? what do you think it will take to move the needle in terms of getting the stock price back up? chris? >> oh, i'm sorry, go. >> larry, go ahead. you can take it. >> maria, what i want to see, i want to hear bold talk about the company. quarter-over-quarter, up 39%, mobil, $6 billion business now, so i want to hear swagger and talk about how good they're doing. it's all public relations right now. if you look at the growth they have, the stock should be way up from where it is.

josh lipton and rick santelli and seema modi at the nasdaq in just a movement josh lipton, what are traders telling you at the start of the trading week? >> seeing red on the screen, but listen, you're well off the session lows. the dow had been down 248, now down 122. on the s&p 500, had been down 32 on the benchmark gauge and now down 17. really two issues, two headlines we all woke up to this morning. the worries about the fed tapering, signalling and could roll back the still lines. more about china, chinese policy-makers trying to squeeze owl out some of the speculative lending and off the session lows. if you dig down into the s&p 500, in terms of the sectors leading to the downside, it's the cyclical sector the economically sensitive sentor, materials, financial, energy and industrials. a couple of trading back to china. some of the chinese etfs we want to trade today. the xfi, the lowest in a year and a half. the gxe touches its lowest level in 11 months. talking about china and always talking about commodities, watching copper. seen as kind of a bellwether given its many industrial

josh lipton, is there a reason for this rally or only excuses? >> it's big. look at the blue chips that are up. triple digits right there so a big day to start a big week. three headlines to touch on. the japanese stock market which is just making headlines for all the wrong reason, right, and you saw a rally there that had the reports and had reports that the doj would increte crease its reit purchases and subcomponents weren't as compelling and the ahb, ripped the highest level since 2006. lennar, itb, and the backdrop is bernanke and the fed and fomc and i bet that bernanke will ease some of the concerns we've been hearing about near term. >> when he speaks on wednesday. >> that's right. >> people are already saying who is sick of talking about bernanke already and it's monday? still two days to go or years. >> years. >> it's the same story over and over and over. >> you have to give some credit to the bulls who all year have been secret service agent first half of the year -- the market will be moved by the fed and the second half by fundamentals and you

i'm josh lipton. we were discussing at the top of the show the fed and when they will taper.s city fed president ester george reiter e reiterated her position as soon as the fed ends its policy of accommodation, the better. a quick clarification on one point here, though. on power lunch, we referenced the wrong speech by george. while her message was the same-sex marriages it was the wrong speech, and we apologize for any confusion. melissa, back to you. >> all right, josh lipton, thank you very much. >>> now let's get to our top three trades for wednesday morning. tomorrow's adp report. economists are expecting a gain of 171,000 private sector jobs gain for the month of may. especially as anticipating the jobs report on friday. >> if we actually get 171, the last nine months where we've had new methodology for adp, add 42 to whatever adp prints, we're going to be in that range. the market is going to be volatile around tomorrow. take a step back. the fed is not going to move quickly. i don't care what george says. i care what bernanke says. he is not moving quickly. rates ar

i'm josh lipton. here is a rocket. g3 apparel.ark new york, reporting an eps of a nickel. net sales jumped 19% to some $272 million the company also raising its 2014 outlook to 1.57 billion of sales in a range of 320 to 330. analysts at telsey group says it is off to a strong start. the surprise was a sizeable expansion in gross margin fueled by inventory, and they raised their price target from 46 to 40. kelly, back to you. >> thanks very much for that. >> we are also watching shares of tesla today. the automaker has lost its battle with texas to sell its cars directly to consumers. >> it's a big win for the association. the automaker says it's not commenting on the story right now. it has been fighting this battle in multiple states. its dealership license was rejected in virginia and it's won court decisions in massachusetts and new york and it's fighting legislation in north carolina. we'll have more on that from phil lebeau coming up, but guy, it was interesting. a 3% move to the upside for the shares, but they'll have to pur

. >>> let's send it over to josh lipton for a quick market flash. josh?> have a look at soda stream which is enjoying a nice move higher and hits a new week 52-high. the company cancelling an appearance at an oppenheimer experience and it seemed flying investors might be implying, lots of rumors that was denied to cnbc's becky quick. barb, back to you. >> stopner has an update from a. scotty? >> sue, thanks so much. the headlines are starting to come in. on the stage right now is the senior vice president of software engineering, and apple has just announced the next generation of its mac operating sis team tab called mavericks. that would take the place of mountain lion, a couple of the features that they say they have been working on. number one, extending the battery life. everybody that uses a mac would like that, right, and the other part is finder tabs, so the headline is coming in. tim kook is off the stage. we're looking for the ios operating system running iphones and ipads, and there is news to be expected that is going to come out regarding tho

over to josh lipton for another market slash. >> check out a chart of a stock that is rising today.ere is the news. the company ceo saying the company is pleased to be in a position to deliver a meaningful level of yield and continue to pursue growth opportunities. that stock up near the highs right now. >> coming up on power lunch, surplus for the state. is it time to go -- are they really clear at this point given some of the state of the state? we will talk about that when power lunch continues and we're watching the dow as well. the s&p 500 off 16 and the nasdaq but that's off the worst levels of the day. >> what does it mean to you. 41% say it's getting too high. i'm out of the market. >> let's see what's coming up on street signs. >> you know, we have got a pretty wobbly market at the moment. very jittery right there. lots of worries about tapering. we are going to bring you right to the top of the hour, the beige book. what is really happening out there with the economy. but we really want to know what the fed implications are. it should be a very important report coupled wit

i'm josh lipton. we are watching kroger, the supermarket operator.irst quarter profit lifts its forecast for the year, but total sales did miss. the street wanted to see $32 billion. that stock down some 4% right now. guys, back to you. >> all right, josh lipton. we're bouncing off the lows. we have been watching the 1600 level and we're at 1605. we haven't gone below it. >> we haven't really touched much on what's happening in gold today, guys. gold is down more than 70 bucks. >> silver below 20. >> silver is getting hit hard but gold, that slide is really dramatic. that's a loss of 6%. >> helicopter ben is about to land, isn't he? >> this is the point. if you look at all the inflation geared assets, whether it's gold, whether it's silver to some extent, inflation protects, securities tips massively selling off, these are key holding for institutional investors. the worse they do, the more ultimately they will have to get into other assets. >> commodities are not going up, but does that indicate there's no economic growth? is that all china? >> it's

josh lipton. these headlines before, zynga to cut 520 jobs, 18% of the global work force. coming out also with guidance, reaffirming second quarter outlook for revenue, eps, eeb ta and eps. seeing a second quarter loss of $28.5 million to a loss of $39 million. we'll give you more headlines as they come. >> josh, thank you very much. we had to say good-bye to jamen shively. if you're out there in tv land, thank you for coming on. there you are. good luck to your business. we'll get you back soon. take care, buddy, appreciate it. >> okay. bacon, doughnuts. a marriage made in munchie heaven, next. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. tdd#: 1-800-345-2550 markets on the ri

skroop home builder shares are doing well as josh lipton flagged for us earlier.e. robert schiller joined us earlier and had this to say. >> these were strong numbers. i think that for the next year, it's probably a pretty safe bet they're going to keep going up. a lot of people are flippers now, and i think i can't tell them they're wrong. i just don't know about the longer term. but for the short run, it's looking solid at the moment. >> yes. the flippers versus the longer term case and how will rising rates impact this market? our next guest is watching housing demand across the country and has realtime information on what buyers and sellers are thinking. let's bring in glen kelman. good morning. >> good morning. thanks for having me. >> thank you for being here. can you tell us a little bit about what red fin does? >> we're a technology powered real estate broker. we have the world's best real estate website but also hundreds of our own agents touring thousands of customers writing offers every week. we track everything our customers do on our databases. >> in

josh lipton has names for us. josh? >> a down day for the stock market.t, all 30 stocks in the dow now flashing red. let's review some of the worst performers, as we head to the close. fastenal, as a a weak increase in april. the data indicative of a weaker manufacturer economy and business spending environment. other notable declinersfjuÑ in broad gauge, clifs natural resources, gilead discovery communications, and celgene. bed and bath and beyond, higher. also higher, juniper networks, dollar general,6:÷ microron, edg into the green. bill, back to you. >> josh, thank you so much. heading towards the close, 50 minutes left in the trading session, a down day, no two ways about it. not been much in the way of strength today. all 30 dow components are lower, the industrial average near the lows of the session, down 219 points right now. >> all right, bill. i need you to stay calm on this one. this is the day you've been waiting for, the new blackberry q-10 is available tonight, the one with the keyboard. we have one here on set. >> we'll have it right here?

josh lipton. >> hey -- maybe we don't -- josh was watching dollar general though, which was a lousy performer> scott, it is, from 7.5% right now. it's interesting, you say same store sales improve but margins fell. i was talking to stacy and her point was looking at dollar general and walmart, both disappointing, those prints telling you how the low end is faring right now. josh brown, give me a thought on dollar general. >> it's a great stock. had a bad quarter. you let the dust settle a day or two. this has been one of the leaders in the space. not every quarter will be a winner. >> deutsche bank's global investment conference is under way. touting key presentations from many of the major banks, matt o'connor is the analyst and joins us from the conference live in new york city. welcome, nice to have you on. >> thanks, scott, thanks for having me. >> do you have a best name in the space in the environment we're in with the prospect of rates going up? >> well, rising rates is one of the key themes we're trying to play. last week we actually put out this piece called banking 201, which is eve

let's get to josh lipton running through the big losers on the session. josh?a lot of red on the screen today. which sectors got hit the hardest in s&p consumer staples got nailed. kroeger, supermarket operator. better than expected first quarter profit but total sales missed consensus in that consensus, avon and dean foods falling. marathon petroleum, wpx and phillips lower in today's trade. least bad sector by wait is telecom and help tlougt is sprint which is actually lean and green. sprint raising its offer for clear wire. and also talk about the home builders, hgx, housing sector index. below its 200 day moving average for first time since december 2011. dr horton and ryland in that sector. and also today, precious metals, gox, hitting lowest level in more than four years. down some 50% this year. names all sharply lower. back to you. >> thank you so much. >> breaking news on oracle. bob pisani with the details. interesting story, bob. >> oracle is coming to the new york stock exchange. >> i think it is interesting. normally i don't make a big deal about t

. >> check in with josh lipton on restoration hardware. >> we are watching it here ripping higher iner hours, beats on the bottom and the top. sales jumped 41%. for the second quarter also better than expected. the stock up more than 90% just this year. back to you. >> they also announced of course going into other businesses rh kitchen which would put it -- >> and you're looking at williams son ohm ma there and urban outfitters. >> do you like rh? >> i remember also the short interest. i'm a little afraid of it here. i actually think i like williams sonoma better. >> we have hammered this home now. another short interest stock and you see what happened. it's impossible to play the individual names from the short side. for me specifically the short side. you scratch your head. the quarter was a tremendous quarter. you can't argue with that but should it be up as much as it is. they made a new all time high today and you're up another ten%. >> coming up will the latest edition in the superman saga set to hit the silver screen tomorrow be enough to boost disney's bottom line? >> fast m

i'm josh lipton. some news on ka rin thee yan college.bpoena and are conducting an investigation of the company saying subpoena request documents related to student information and recruitment, attendance, placement, defaults on federal loans, the company saying it intends to cooperate with the fcc in the investigation. >> u.s. customers are loving mcdonald's. how should you trade? we've got 90 seconds total. guy, kick it off. >> i'm going to kick it off. thanks for having me. i got burger king on the brain. still trades to the discount to other mature companies like burger king wendy and it's cheap on valuation against its peers. europe has been the bug aboo for these guys but they're actually holding their own in europe. they're not knocking the cover but they're doing well. donald thomas the ceo has been there since july. the stocks started going north when jim announced he was leaving the company. mr. thomas son has his sea legs and the stock is purchasing as well. every selloff has been a huge opportunity in this stock. i still think

. >> thank you very much, josh lipton. >> are you a gambler, josh? >> i enjoy gambling.itch hedberg said are you addicted to gambling or sitting in a semi-circle? >> got to give it up, buddy, got to give it up. >> 90,000 square feet, 23 bathrooms, 13 bedrooms, 10 kitchens, 3 pools and that's just mandy's summer home. actually, this is one of the biggest private homes of the country. the owners who you know well join us next. >> time now for today's return on retirement. capitol hill is king of the hill when it comes to retirement plans. according to the congressional research service, the federal employees retirement system pays more than 200 former congressmen nearly $40,000 a year after an average of just 16 years of service. that's about what the average private sector worker makes in retirement after a lifetime of work says the employees benefit research institute. wait until you hear the spread between the contribution differences between government and private pension next. . . >>> back now with today's "return on retirement. "pretty shocking findings. out of those

let's get to josh lipton. where was the big action, josh? >> reporter: maria, let's wrap this up.rts with the s&p, in terms of sector performance. telecom, the best performer. the only sector in the green. names like sprint, verizon, and at&t. the worst performing sector, that would be financials. bank of america, j.p. morgan citi, all finishing lower. ganette the biggest winner. the biggest lagger, first solar. as for the dow, biggest lagger of the week included american express, barclays, downgrading that stock on valuation to equal weight. dupont also in the red. full-year operating profits now expected to be at the low end of the previous guidance. finally, as for the nasdaq, biggest winner, catamaran, investors applaud as cigna expands its collaboration with ctrx. ubs raising that one to a buy. the lagger in the tech, biogen, downgraded in part on valuation worries. maria, back to you. >> all right, josh, thank you so much. we have another big federal reserve meeting next week. two-day meeting starts on tuesday, finishes on wednesday with chairman bernanke's press conference.

to josh lipton now for the market flash. josh? >> we're watching ticker vvbs, same class of drugs as viagra but they are now saying their drug works faster. the drug stendra works within 15 minutes. big opportunity, worldwide sales exceeding at 5.5 billion in 2012. sue, back to you. >> thanks, josh. all right. i bet you're interested in a stock that's up 125%, 127% in a year. who wouldn't be, right? seema modi is looking at micron technology for us. hi, seema. >> the best performing tech stock this year reports earnings tonight. analysts are expecting the semiconductor player to post earnings of two cents a share which would be its first profit in two years thanks to favorable pricing trends and its strong position in the mobile and tablet space. an analyst at mkm partners says micron has done a good job and focusing in on the two hottest areas while at the same time limiting its exposure to the pc industry which has been experiencing slow demand. this strategic move has helped micron outperform its peers, including intel, which h

. >> thanks so much, josh lipton.long drop from becoming one of the most powerful media barrens in the world to become an inmate, but that is what happened to conrad black. the former chairman of halllander international, who served 37 months in prison on fraud and obstruction charges. free thousand for just more than a year, he has written a new book. "flight of the eagle," about the strategies that helped make the u.s. the power that it is today. a book about the country that incarcerated him. joining me now from tonight is conrad black. sir, great to have you on the program. thanks very much for joining us. >> my pleasure, maria. >> we should explain to our audience -- >> can i say something? you're quite right to refer to my legal travails, but i want your viewers to realize that every charge against me was vacated by the supreme court. >> yet you still served all that time in prison? >> yeah, well, they vacated it after i'd been in prison for over two years and then they remanded back to a lower court they excura

josh lipton, what is going on? >> maria, listen. fed speak can shape today's session. dudley, powell, lock hart, out in force emphasizing accommodation. no increase of rates on the way. in terms of sectors what worked is financials and industrials. materials lags. really the industrial gas names. apd, arg and px. banks also in focus today. bac, rf and wfc. home builders also in focus. ryl, hov, dhi and len. we are watching bond etfs. strong demand for seven year auction. can you see the pop around 1:00 p.m. auction time. gold metal sales below 1200 for the first time since august 2010. marri maria, back to you. >> thanks, josh. tim, let me ask you your take. we have seen this market regain about half of the losses that have taken place over the last couple of weeks. >> absolutely, maria. this is really, i think, because the marketed overshot. i think on the down side, the initial emotional reaction was big and strong. but now, the good economic numbers coming through. today we had consumer spending up. we had housing numbers up and that gives economy, it is strong and

we're going to kick it off with josh lipton on the broader market. y, josh. >> maria, a quick check on what is and is not working today in the stock market. telecom at one point the only sector gaining in today's session. within that sector, it is sprint that is in the green. softbank raising its offer for the carrier to $21.6 billion. on the downside, financial analysts pegging the technicals on trading not fundamentals, as the yield curve steepens. morgan stanley and citigroup the weakest links. >> and looking at the technology, what's happening there, seema? >> volatile sections. apple actually holding on to a gain today after unveiling its new radio service yesterday. william blair analyst writing that apple's updated operating system has a cleaner feel. biotech stocks also in the green. now, here's what's not working for the nasdaq. chip stocks weighing on the nasdaq 100 after texas instruments narrowed its second-quarter profit and revenue outlook. many of its competitors in the semiconductor space also getting hit on that news. bill, back to yo

i'm josh lipton. check out monster beverage which is down today.ban of higher energy drinks for people under 18. according to the article the ama is set to debate the issue this weekend. lots of scrutiny about the energy drinks. i have spoken to some analysts covering monster they have not heard of this news. some saying even if it's true the ama has no legal authority, only the fda can rule. monster is down nearly 3%. >> thanks so much. we mentioned the yen before the break. looks like the story of the afternoon. >> that's right. and it keeps telling us after people tried to dismiss the first sell-off in the nikkei, it's just a little bit of a correction, look how far we've been up, that story getting harder and harder with each passing day. >> the leaders on our own market are all the interest rate sensitive home builders. >> what does that tell you? >> some expectations differ on what central bankers will say next week. >> they still seem to like the hilsenrath angle from yesterday which is they're going to walk it back. >> great weekend. >> hap

let's get to josh lipton and see what's driving the rally. over to you, josh. >> reporter: maria, some of the names on our radar today, in the s&p, big gainers included floor systems and raymond james upgraded it to a strong buy, saying unit volume will double by 2015. on the downside in the s&p, newmont mining, protesters pushing through to sdop a newmont mine. analysts i spoke with, saying this isn't new news. newmont had already said it wouldn't move forward without local buy-ins, but still lower. hormel, another lagger, cut the full-year profit outlook, talking about higher input costs and weaker sales in refrigerated foods. gainers include american express, intel, and united health. and on the nasdaq, facebook moving higher ahead of the product announcement on thursday. also, amazon today announcing the amazon birthday gift, which allows customers to send gift cards with birthday messages on facebook. that stock up 1.3% right now. bill, back to you. >> all right. josh, thank you. we'll no doubt be checking back with you, my friend. >>> as

. >>> let's get to josh lipton breaking down some of the other big movers. josh? >> less than an hour to go before the closing bell. let's reveal the big name movers in today's session. starting with apple. announcing the latest version of its desktop operating system called mavericks. the ceo saying the company's apps store hosts 9,000 apps and unveiling the highly anticipated itunes radio. interesting to see pandora as well, the internet ready service provider and competitor in joining a pop here. and another thing to watch, soda stream hits a new 52-week high. the company cancelling an appearance at an oppenheimer appearance later this month, analysts say investors are speculating that the cancellation implies something bigger for the company. remember, last week lots of rumors that pepsico was buying soda, a rumor that the ceo denied quick. another name in the green, starbucks rising to a historic high. analysts say mcdonald's, kind of a barometer for the general restaurant industry, giving starbucks a lift. remember, mcdonald's saying sales at established res

josh lipton has been afloat in the sea of red. josh, rough waters for stocks, but things could have ended a lot worse. >> yeah, absolutely, maria. we're in the red here. well off the session lows. the dow had been down 248, you finish down 139. the s&p had been down 32, you finish down 19. twin worries today. you heard a lot of talk about fed tapering, and obviously, also, chinese liquidity. but we did bounce off the lows of the session, strategist traders pointing to the bond market which staged a comeback of sorts. but then this afternoon, yields rising again. and those major indexes finishing near two-month lows. also, if you look at some of the bond etfs, like the agg, it did finish in the red today. actually the etf finishing near its lowest level in about two years. we did, also, get a lot of fed speak today. i know bill was talking about that earlier, including richard fisher, the dow's fed president and hawk, reportedly saying the fed will move cautiously, doesn't want to go from wild turkey to cold turkey, the quote of the

josh lipton breaking down this week's wild performance and it has been a wild week, josh. >> maria, aboutuntil we close out this week. all three major averages in the green for the week right now. let's wrap up the leaders and laggards. in the s&p, telecom, your best performer. names like century link, verizon, and at&t posting gains. consumer discretionary, also heading higher, as well as consumer staples, where the big winner was monster beverage. the worst-performing sector, materials with cliffs natural resources and newmont mining among your laggards. as for the dow, percentage wise, wig pharmaled the way. pfizer and merck, coca-cola right behind. laggards, bank of america, caterpillar. and fasteal, your worst performers. and late on this friday afternoon, maria, t-mobile is popping on a reuters report that soft bank is in talks with deutsche telecom over a possible deal for t-mobile u.s. japanese company softbank is trying to buy into the u.s. wireless market via sprint nextel, t-mobile could be a backup plan. t-mobile up nearly 4% right now. maria, back tos you. >> josh, thanks so

josh lipton is tracking some of the monster movers for us. josh?review some names making headlines today. start with gamestop. analysts at oppenheimer are fans. upgrade gme to outperform. saying the market is underestimating earnings and cash flow potential here. their stock price 50 bucks. another one moving way higher today is groupon. deutsche bank raises that to a buy, saying they should be able to grow billings 20%. ganett, the nurp chain, soared 30% yesterday, announced the deal to buy belo. and another one that dropped, monster beverage, forbes contributor reporting the american medical association may support a ban of higher-energy drinks for people under 18. according to the report, the ama is set to debate this issue this weekend. some analysts covering monster telling me they've not heard of this news. still, monster lower in today's trade. and a spokesman for millionaire richard branson tells cnbc that virgin has expressed interest in the u.s. car rental market. will more competition mean lower prices? shares of hertz and avis both lowe

. >>> over to josh lipton for a market flash on walter energy. what's up, josh? >> that's right, brian. here's the news on walter energy, ticker wlt. halted for news pending the headlines. walter energy has pulled a planned $1.6 billion credit refinancing, this is according to reuters, reporting that it was pulled because of market conditions. the coal miner, the news pending was halted but those headlines dropped in here. over to you as we get more headlines on it. >> and watch for the stock to restart trading. josh, thank you. >>> on deck, we'll lay out what could be the single biggest global threat to the u.s. market, and, remember, yesterday herb went on a bit of a tear of herbalife, touting one very bullish analyst. well, the analyst is here, and tim ramey has a few words for our dear herb. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living long

let get straight out to josh lipton at the nyse and rick santelli at the cme.terday we rallied on good economic news. today it seems like we're kind of rallying on bad economic news. can you explain all of this to me. >> well, you look at a dow right now, up triple digits, talk to strategists and traders. a lot will pin this green on central bankers and policy-makers who have been active. doing a lot of talking from china and europe and out to a lot of calming words and can you see the blue chips up 147. if you look at the s&p 500 and the benchmark gauge, you'll actually see a mix of defensives and cyclicals and you'll see financials gaining, materials and energy pacing and let's look at commodity funds so i know you'll be talking about gold and for good reason, finishing at a three-year load. gdx miners, down 50%, silver miners, copper and steel. want to end here on the emerging markets. a lot of these markets recently have tanked. showing some pop, philippines, indonesia, thailand and turkey. brian, back to you. >> i'm going to pick it up from there. thanks s

josh lipton's been covering the stock market action for us all week. give us some more right now, josh. >> yeah, bill, last day of the quarter, last day of the first half, let's see where we finish. the dow finishes down near session lows, down 120, the s&p down seven, month to date, let's review the performance. the dow lower for the month breaks a six-month win streak, the s&p breaks a seven-month win streak. the nasdaq also breaks a seven-month win streak. year-to-date, dow, best start to the year since 1999. the s&p, your benchmark, best start to the year since 1998. and finally, let's do a little compare and contrast, u.s. stocks up double digits this year, compare that to the veu, that's the all world xuf. and of course, emerging markets down double digits. guys, back to you. >> josh, thanks. we'll be checking back with you. we finished up the first half of the trading year. now it's off to the second six months of the 2013. >> we have our crystal ball out, we have some experts here to look into it for us. with us today, our own jeff cox from cnbc

our josh lipton is here and this time he's looking at the restaurant stocks. se for "power lunch," josh. >> sue, when the dinner bell rings, if the labor market improves, more americans might decide it's better to eat out than dine in. dining traffic trends generally highly correlated to year-over-year employment trends. analysts at morningstar expect a solid 2013 for restaurant, looking for same restaurant sales growth in the low to mid single-digit range. three reasons here, improving restaurant traffic. lower than expected commodity costs and accelerating unit growth, but before jumping in, bob darington of north coast research does warn about valuation in the space. take a listen. >> we've seen the average gain across our universe of 40-plus restaurants. you know, somewhere in the vicinity of 30% plus. i don't think the gains will be that strong in the second half because the valuations for this group clearly are pretty pricey at this level. >> pretty pricey, but if you are looking for picks in the space, jpmorgan does have a few ideas for your consideratio