anytime soon so i don't either but thank you so much for joining me this is kyle harrington so much founder and manager partner of harrington capital management. joining me again is tom hartman of the big picture of thank you for coming back here i really do appreciate your those are about. the first time we've talked we were talking about glass steagall so let's pick up kind of like where we left up so nine hundred thirty three class stiegel legislation it was an attempted solution to some of the problems that caused the great depression and now glass steagall essentially separated the banking universe from the gambling universe and there are attempts to reinstate it with politicians using twenty twenty hindsight hopes are they doing it yeah well let's be clear i still stood from thirty three until ninety nine or two thousand grammys boiling right and i don't know if it went into a factory which in europe it gets and at that point suddenly the gambling banks could merge with the banks that keep your checkbook and they could use your checkbook money to gamble with no woman who up in two tho

commission ruling no surprise apple stock reached a four month high today so we're joined on this by kyle harrington founder and manager of harrington capital management thank you how are you doing very well so apple is in the news again this week but let's talk about the broader picture of where do you see the tech industry going in the future in terms of the markets i'm a big proponent of technology in the industry in general i think that any outsized alpha creation in the stock market in the equity markets i think starts with technology in the united states i think that that's where the innovation the entrepreneurial spirit remains and will continue i think we have made amazing strides just from being in college to now where there was no cell phones now they're cell phones and they have i pads are and i think it i think it continues so you know part of our focus at harrington capital management is investing in the technology arena you can do that through individual stocks like apple which we own let me look let me ask you a question because you brought up an interesting word which is alpha there'

joining us now in our "closing bell exchange" is kyle harrington, anton, josh, and rick santelli. josh, you mentioned how you saw a record amount of money in july flowing into u.s. equity funds. well timed or too late to the party? >> i guess that's a function of the individual person's timeframe. but let's focus on what the big picture here is, scott. why is this happening? we haven't had an economic blowup in quite sometime. and a lot of that money has been hiding out, as though a blowup were imminent. in the meantime, the fed has added about $2 trillion, by my count, of excess liquidity into the system, totally pent up, and at this point, people are starting to envision a future where we actually get some decent growth. it's not here yet. but some of the signs are starting to point that way. so i'm not surprised at all to see the flows coming in. the most important thing, guys, is that money does not chase value. money chases performance. stock market versus bond market over the last three years flipped positively in favor of risk assets, and that's really why you're seeing the

kyle harrington joins us, founder and managing partner of harrington capital management. le, unemployment still incredibly high. the official numbers are artificial because they're worse. so many people have just given up. they're not even counted. >> you're correct, gregg. first of all, let me start with it's disheartening, this marketplace of the 11.8 million americans that are unemployed, 4.3 million of those are what's defined as long-term unemployed, which is calculated with six months or more of not having a job. so that's 36% of the people are long-term unemployed. that's one. two, you are correct, gregg, that the calculation -- if calculated properly, and we do do this. there are people that calculate the unemployment rate with what's called a u 6 statistic, which includes those that are part-time employed and as well those that have given up looking for a job. they have fallen off the unemployment role, so they're no longer able to collect, yet they still don't have a job. when you put all of that and include all of that in the calculation, you will find that the

bob will interview kyle harrington and discuss the markets later in the show and i take.

kyle harrington is one of them his predict. >> good evening, i am lori roth man in for lou dobbs, president obama making silence on what his administration plans to do in response to syrian regime chemical weapon attack, president obama say he has not made a decision on a military strike but he had this to say to those opposed to taking action. on program bs about an hour -- pbs about an hour ago. >> we can take limited tailored approached not getting drawn into a long conflict, if we're saying in a clear and decisive but very limited way, we -- stay stop doing this, that could have a positive impact on our national security over the long-term, may have a positive impact on sense that chemical weapons are not used again on 99 civilians. lori: white house will brief members tomorrow on the actions it may take. lieutenant colonial bill cowen is a marine, and fox news analyst. we will join us in moments. >> and washington, other big story of day, thousands descending on the national mall to commemorate 50th anniversary of dr. king jr. and his landmark i have a dream speech. we will have full a

kyle harrington is one of them his predict. >> good evening, i am lori roth man in for lou dobbs, presidenthat his administration plans to do in response to syrian regime chemical weapon attack, president obama say he has not made a decision on a military strike but he had this to say to those opposed to taking action. on program bs about an hour -- pbs about an hour ago. >> we can take limited tailored approached not getting drawn into a long conflict, if we're saying in a

i have a guest, kyle harrington. kyle, welcome. our guest today. >> thank you, rick. >> you do a lot of work about stocks, who is beating their top line, who is beating their bottom line. i want you to go through that but under the metaphor that i look at all the economies around the globe and i think about cars. the u.s. and to some extent europe is the price of gasoline which in this analogy is the cost of capital with central banks about ready to make some changes. the price of gas or capital is going up. we have a very good car engine. it's getting a lot of miles per gallon, but a lot of emerging markets are driving gas guzzlers. how is all of this going to figure in for future shareholders and anybody looking for a job. tie it up for me? >> there's 465 companies in the s&p 500 that have reported their earnings. 65% of those companies have beat earnings estimates, but here is the thing that i want people to focus on. only 54% have beat top line estimates, meaning revenues. so, rick, we all know revenues minus expenses equals pr