first, though, gary kaminsky's final capital market op-ed.e clients will pay good money for in a few days. we're back after a quick break. >>> morgan stanley is making executive changes. the firm is adding our own gary kaminsky as vice chair of wealth management starting next month. gary usually joins us in this hour for his capital markets op-ed. today he is joining us for an exit interview. it's great to have you. congratulatio congratulations. >> thank you very much. >> why now? >> you sit with me and watch the pms and the wealth management executives and when we go off the camera, when we're not on camera, you know, i miss the ability to really speak to these guys about what they're doing with their clients. i miss the interaction in terms of working with investment ideas. it's been an amazing times. i've been involved with cnbc for 20 years now. and it just felt like this was the time, the opportunity that i had. what was also happening at morgan stanley made me excited about rejoining the atmosphere again. the vision that james has laid

morgan stanley planning to appoint gary kaminsky as the brokerage unit. on according to a source we'll have more 3:00 p.m. eastern hour on "countdown to the closing bell". tracy: gary wendt from neuberger berman to cnbc. back to the business where the money is. ashley: i guess so. tracy: speaking of money, it keeps flowing into exchange traded fund that track the s&p 500. will this market momentum push the benchmark index to a record high? sandy smith with today's trade. hey, sandy. >> talk about the dow record but talk about the s&p 500? this is broader gauge with the stock market. s&p is flirting with highs of the session at 1554. let me quickly remind you where the record high is. 11 points from where it is now hit in october of 2007. 1565 is the closing high to keep in mind there flip the screen. you will see the intraday high to watch is just above there at 15, sorry, 157 of. that is another number to watch -- 1576. we flirt with all-time highs on the session. as you look at s&p 500 year-to-date it is underperforming the dow, 9% this year while the d

kaminski: cryptosporidium was a wake-up call. it was a wake-up call for us. it's a wake-up call for the nation. take care of your infrastructure before you have the kind of problem we had. biedrzycki: by no stretch of the imagination do i think we're out of the woods. recent cdc statistics indicate that up to 32 million cases of waterborne disease occur each year in this country. roy: but the vast majority of waterborne outbreaks go undetected. when people first get ill, they think, "oh, it's something i ate last night." they don't think, "oh, it's something i drank last night." narrator: the milwaukee incident pointed out the potential vulnerability of our drinking water infrastructure in controlling the spread of illness. biedrzycki: it's incumbent upon us to try to stay ahead of the curve, but it's very, very difficult. there's always another bug on the horizon. narrator: in 2008, the associated press reported that water quality testing across the nation uncovered trace amounts of pharmaceutical compounds in the drinking water supplies of millions of ameri

>> no, keep the sun corps energy and once a favorite of gary kaminsky who i will miss a great deal. that, and i think we have a good number last week and pepsico is a beverage company and snacks and emerson industrial and we have oil, we've got industrial, snacks and soft drink, carbonated and we've got water, too, and we have tech and we have drug. i don't know. that seems darn good to me. i wouldn't make any changes. >> let's go to john in wyoming. john? >> all right. i have center point energy, which is cnt. bristol-myers squibb, which is bmy, ge, ge in waste management and it's wm and kellogg. am i diversified? >> john came to play clearly from larmamie? it will close because of the sequester they're worried about. we have cereal, okay? we've got -- consumer packaged goods and bristol-myers, my charitable trust owns and center point and high-oyielding utilit and you have utility, a waste company and a food company, man, what have we got in i have to get to wyoming. they have horse sense! stay with cramer. >>> it's not too late for apple to buy netflix. sure, the stock's been up

at this guy for a while, but can i quickly ask you any fallout from your report yesterday on gary kaminsky leaving -- >> this is interesting, grapevine chatter, we should do a little headline on this. the chatter says that somebody is going to go -- gary is going to take some people with him to morgan stanley and one of the people that apparently is in the mix, that i heard, purely grapevine is brian steel. liz: i don't know him. never heard of him. >> there we go, cnbc flack going to morgan stanley. anyway, let's get back to jordan belfort, crime does pay, his -- you know, he sold the movie rights -- remember i came on here a couple weeks ago and i said based on -- he went to jail for a couple years. liz: he stole money from people. >> destroyed people's lives, did all this stuff, spent a couple years in jail, and in doing so, also cooperated, got the shoe guy, the guy that made a lot of money, he was part of that whole thing. he comes out, and he basically writes two books and sells the movie rights to the books. i tell you, he has 110 million dollars -- i thought no he's not going to ge

gary kaminski must have voted a lot. >> you feeling a little stung?ttle stung, yes. >> final trades, next, up on the "halftime report q. " >>> welcome back. let's get the three market movers. first up, trans ocean, the offshore driller rejecting proposals from charles icon issue a cash give vend. murphy, what do you think? >> i think you have to be careful with this set-up here because icahn has a history of stepping a way from something if he doesn't like what the board is doing with him. if he steps away he could have more moves to the downside on rig. >> another cool symbol, by the way. >> yes. >> next up. best buy, overweight to neutral. jpmorgan, stock upgraded last week. >> this stock has had an amazing move and i missed all of it. apparently the thought is becoming the sense that there's room for one electronics retail. that's best buy getting their cost down. i think it's ready for a pullback. finally, office depot, the company's largest shareholder nominated board of directors. >> key bank up drgraded the sto too. this deal between office dep

david: bill, soon to be colleague with gary kaminsky. >> yes. david: thanks. liz, over to you. of people are looking to trip advisor to post hotels and attractions, actually more than 200 million a month the up next the ceo is telling us about the site's very impressive growth. the stock is up over 65% in the past year. how is it attracting advertisers? log on to facebook for us would you do that? facebook.com/afterthebell. click on the "like" button. let us know if you click on trip advisors reviews before booking a trip. we'll be right back. ♪ . the husqvarna all-wheel-drive mower is here. engineered with a unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossle. liz: time for a quick speed read, some of the day's other headlines, five stories, one minute. first up the carlisle group is lowering the minimum investment needed to get into its new buyout fund. the private equity firm will now allow people to invest as little as $50,000 in order to widen its customer base. >>> discover will begin offeri

stock trader and financial radio host ross kaminski wrote it in the "american spectator." back. >> hey, thanks. >> i love this, but i want you to explain yourself. how is it the sequester, the big bad evil sequester that's going to lay off hundreds of thousands of people as jared bernstein told us and destroy the economy. how is this helping the stock market? >> you know, i think what it is, it comes down to the big picture about, as you well know, larry, the first time there was a decent improvement in the unemployment rate came in 2010 right off republicans took control of the house of representatives. they couldn't get any good pro-free market legislation through the senator the white house, but at least they could stop the worst of what obama was injecting into our economies kind of economic poison. so it's not so much that i think the sequester is a huge positive, but it's just so much better than anything else that obama and the democrats would replace it with. >> well, the point that i -- >> i think that's what's going on. >> the point i made night after night after

this is the central thesis of the debate with gary kaminsky a few weeks ago.'t do a lot of long-short. as an example, the index is 55%. we're probably 1.7% exposed. we're significantly underweighted along short because i don't like the current scenario. our research team, troy gayeski and ray nolte done like the scenario. long short managers are going to struggle in this environment. sought short answer is no, josh. we're staying away from those sorts of people. >> all right. >> for now. >> thanks for stopping by. >> see you guys. thank you. >> anthony scaramucci of skybridge. time now for pops and drops. the big movers of the segment you might have missed. pop for seagate, up 5%. mike kuo. >> yeah. so they announced they've actually shipped now 2 billion drives since inception. what's interesting is more thha of those got delivered in the last four years. taking a look at some of the statistics and actually most of them are superlative if you look over the last five years, more units, bigger margeins and so on. still you have to wonder whether the bear thesis

you say management could have been an important known of this and now we're over with gary kaminsky. be a great guy to go to on this. you have europe back and he would be able to relate it in terms of margin calls and hedge funds being up too much. i miss him. >> yeah. >> i miss him. >> morgan stanley also trying to get its head in the dell game, as well, which we'll talk a bit about advising blackstone. >> well, we have to talk about that because it is so out of sync with what i'm seeing everywhere else. >> yeah. >> bullish guys saying this is a great opportunity. meanwhile, that world is just collapsing. >> yeah. very, very interesting. 5.6 in operating income is what dell was looking for internally in july and now closer to 3 billion. mea culpa on my part and experience and my reporting indicated led me to believe would blackstone try to jump this deal? is that something that we can expect to see and one of the largest lbos of all time and how do you get it done? you don't have the microsoft money and you don't have the participation of michael dell and they're willing to do it. a