i think macy's having a better than expected quarter.er do as good as walmart, but i think macy's goes to 15 before walmart goes back to 5. las vegas might look right, but i think if you like the macau story you want to buy the stock of w-y-n-n, after the break i'll try to make you even more money. >>> coming up, a tech home run. jim goes head-to-head with a man behind mlb.com, bob bowman to break down mobile internet. how can you get in on the hottest trend in tech. plus the time has come for cramer to guide you through the market's ups and downs. stock after stock on the lightning round and later, e-mail us at madmoney.cnbc.dom and jim could answer you on the air on an all-new mad mail. all coming up on "mad money." do you boo-yah? >> boo-yah, jim, boo-yah! >> boo-yah broadcasting voice boo-yah! >> boo-yah! >> a big aloha booia! >> boo-yah! >> a big boo-yah. >> boo-yah! >> dr. cramer on the lightning round, call 1-800-74 -cnbc. businesses more efficiently, so we've brought in a team of experts to help. one suggestion is to make your sh

penneys is moving into manhattan at a time when big retailers like macy's, sax fifth avenue have been pummelled by the recession. consumers have become addicted to deep discounts. the department store is in the newly spruced up manhattan square mall, ironically in macy's backyard. michelle? >> a neighbor competitor. all right. claire leka here in new york. claire, thanks. have a great weekend. >>> all right. there was beer and no tension, but no apologies either. an african-american harvard professor and the police officer who arrested him meeting with president obama at the white house say they will meet again. as joel brown reports, both sides agree to move forward. >> this is three folks having a drink at the end of the day and hopefully giving people an opportunity to listen to each other. >> reporter: it was the round of drinks heard around the world. president obama invited cambridge, massachusetts police sergeant james crowley and harvard professor henry louis gates for beers at the white house thursday evening. vice president biden also sat down with the men for a conversation

more than 22 tons ofyro chniques themacy'sisplay is e country's largest. >>> a barge used in the macy'seworks dispy caught fire. rescue cruise extinguied the flames. the use is under investigation. >>> president obama parts for russia ts evening and when we fz he could be in for a re reserved greeting. mick viqueira joins us live washington. the president wants to reset relations with russia. how does he intend to do that? >> reporter:here are problems that theresident has to ercome. firs there's a mind-set this administration and the president lieve is on the part of the russians who, think th because america might be strng that russ necessarily has to be weak and vice versa anded al adversarl relationsp they'll try ercome. the president will me a speech direly to a foreign population this time in russia, to follo on his speeches in practicing and cairo we've ha in the first six monthsf this administration b there e cold war issues that aretill on the tabl arms reduction, the number of nuear warheads left over from the cold war that each side possesses. russia known to beve concned abo

. >> you're going from k-mart to macy's. >> no, we are at macy's already. >> and winding down k-mart. >> winding down k-mart at the end of the year. and we don't have an announcement to make yet, but robin -- >> you can good on -- >> optimistic of robin. >> very optimistic about the future. always. eternally optimistic, and i think you'll see a lot of roughly announcements in the second half of the year. >> isn't macy's a much better fit than k-mart. don't take this the wrong way, but i never understood why you did that. >> well, how about $65 billion a year? >> i got it -- >> 2007. >> a different level consumer. now, the last time you were on, we asked auto general economic question, because we were in the depths of difficult times for wall street and main street. and you said never count out the consumer. that seems to have been bourne true in your business, certainly. but do you see definite signs that the recession is ending, things are turning, the president just made the comment that we may be at the beginning of the end of the recession. >> well, he -- any word from the preside

macy's some more clouds of this afternoon as the front starts to approach closer. 87 -- we will see some more clouds this afternoon. 84 at an ocean city today as we take a look at the bay forecast. waves at 14 -- 1 flat or less with water temperatures in the mid 70's. -- waves at 1 foot or less. 66 is our average low and we will go that -- we will go below that tonight. yesterday our reading was at 58 degrees. there is a potential to see that again. thunderstorm possible tonight but not likely. here is what the surface features look like. high pressure over baltimore and it will be getting through here. tomorrow, once the front comes through, then we will see cooler temperatures infiltrates for the middle part of the week. tomorrows high will only be at 80 at the airport. we may be even close the upper seven's in the outlying areas. -- we may even see upper 70's in the outlying areas. only 77 degrees and 81 on friday. by saturday we go back up to where we should be at 87 and bring back the humidity. then for senate, another front moves through here and gives us another pleasant start to

. >> glen is a proud papa so he found rick macy to coach his daughter. >> she has very good hand-eyecoordination. this is the scariest little creature i have ever seen. >> mia is four and already a four-year veteran. >> the first thing mia ever saw coming out of her mother was a tennis ball. i used to raise it above her head and put little ping upon bats in her hands and work on her motion. >> the lyons flew in from australia to spend a month with macy. she already sees herself in the fort. >> i'm gg oing to -- >> she sees her name on self trophies. >> wimbledon. french open. and u.s. open. >> the adults are falling in line. it is her career but they think it bright. >> if she went professional i would love that. if she won wimbledon i would love that. but she drives the bus. >> i don't have a crystal ball and i have been wrong but i know there is a place for this kid on the pro tour whether 50, 40, number 10 or winning grand slams. >> for now she will settle on south florida. >> so cute. one kansas teen has taken his frustration over rising gas prices and turned it into an opportuni

. >>> trouble on the hudson river after the macy's fireworks display.ne of the barges caught fire, when leftover fireworks shot off well after the show ended. fire crews quickly put out the fire, and no one was injured. >>> there were no problems for the fireworks spectacular in baltimore. it went off safely, and beautifully last night. they put together the display every year, and did it again this year. >>> norm has a final check on the forecast, coming up next. look at this- motor oil on my husband's favorite shirt. did you say motor oil? can you help? i've tried these, without success. try this. spray 'n wash max has a new and improved formula with even more stain- fighting power, making it the unbeatable pre-treater! it has resolve power to break down tough stains right in front of your eyes better than the competition! it even outperforms the others on these dried-in stains! impressive! finally, this is perfect! (alistair) trust resolve power. forget stains. ♪[ music ] >>> the african american heritage festival closed out a great weekend on a high

i talked to the national federation of retailers, which mentioned macy's.at macy's, you will see more less the same product everywhere, the same atmosphere. but what they're trying to do in a pilot program is to launch a "my macy's." because these retailers are not just competing with recession, but their on-line stores as well, where you can get exactly what you want. so that is one way we're seeing retail chains, but it may not be true for all areas. there are no national supermarket chains in the city of detroit. our retail analyst says that we have not seen that in over 100 years, and this is one of the worst situations we have seen in 75 years, one of the highest unemployment rates. if you live in a city like detroit, he will pay higher prices, because there is not a change there to compete with local grocers. local grocers. rick: nasa is facing budget cutbacks. could they be looking for a cheaper way to get to the moon? jane: this 7-year-old really, really, really does not want to go to church. he is driving. how did he learn how to do that? one hundr

a barge ed ithe macy's fireworks display caught on fire. flames were quickly extinguished.vestigation into the cause under investigati. >>> speculators in new yk and nejersey lined up on both side of hudson river to watch the macy's dilay. it is the country's largest. >>> crowds gathered onhe west lawn of the u.s. capitol for the annu capitol 4th convert. crowds were treated t performances from atha anklin and barry manilow. (nounce we speak car. we speak rpms so youan zip by other c t we also speak mpgs so you can fly by gas station in fact, we spe mpgs so fluentl e can say one morthing. the new ford fusion is the mostuel-efficient dsize sedan in ameca. and that'something no one else casay. we speak the 20 ford fusion. get in... and drone. >>> ne this morning, "access hollywood" reportin that the s angeles county departme o childrennd family services is conducting an investigation into the welfare of michael jackson's three young children. the investigation reportedly will include loing into whetherho children had a exposure to drug use by their fathern their home and who

you think they're taking it to macy's? a little competition just down the block.hey are going to offer an awful lot of specials, including same-day delivery for folks in manhattan because a lot of us don't have cars. that's your global stock watch this morning. >> and i'm on a flight down to see you, bertha. >>> coming up next, the flight to earnings continues helping to prop up markets. is it about cost cutting or real growth? >>> it's behalf past the hour. here are the top business stories from around the world. in the u.s., today's gdp figures expecteded to show the economy continues to struggle, but there may be signs a recession may be waning. >> i'm becky meehan. in europe, unemployment hits a ten-year high while inflation moves further into negative territory. >> and here in asia, the nikkei jump toes a ten-month high and upbeat earnings news continues to pour in. >> happy friday to you.u. the futures here in the states, they looked always though the major indices here are poised to extend that rally as we go into the last trading day of the month. we could

e macy's d dplplayis the countrtrss largest. on thehe wt t a of the u.s.scacapil for the anannu capitoloothconcert. crowds were treated to peorornces frfrom aretha frfranin and rrrr mamaililow. theolks theren atlantata watched fireworks att thee centenniniallylymp park. ♪ with zezerpepeent apr for 72 months on sesele '09 chevy momods.s. including silveradado e.e. ititan epa estimated 21 mpg highway. that's better than toyota tundra.a. andndowow g zero percent apr or 72 months on any ' '09 silveraradoalal-ton with an averara fince savings ofof or r 7,800. but, hurry,y, tee is running out. thehe2 2 ho sale ends monday. see youourococalhevy dealer. ( blues music playin ( chatting ) ( ( kids ggling ) ( sizzling ) announcer:r: slow down and grilll wiwithc masterpiece rbrbec sauces and marinades. bad cholesterol but yourur goodd triglycedeare still ouof le? th you may not be seng the whole picture. ask yourur doctorr about trilipix. if youou'rat hh risk of heart sease and taking a statin to lowebad cholesterol, angith and raraise good

in fact, they got to lead the famous macy's thanksgiving day parade. and the beat goes on.veral of the oldest soul tigers recently graduated high school and went on to college. but they still come back when they can, to march with the band. i'm tyler, and that's sports for this week. >>> if you want to know what's going on in the world, you might pick up a newspaper or watch a show like this one. if the president wants to know what's going on in the world, he asks the central intelligence agency. lauren recently went to cia headquarters in virginia to do a little intelligence gathering of her own. >> the nature of our work is secret. we collect secret information by secret means. >> reporter: the roots of the cia go back to the second world war. >> the united states government created an organization called the oss for spying and gathering intelligence on our enemies. >> following world war ii, the president decided that we needed a peacetime intelligence agency after seeing how successful we had been during world war ii. >> reporter: and to display 60 years of history, the

. >> we planned it to take place in a county a suburb of atlanta at an old abandoned macy's buildingeing restructured right now. we were called on about thursday which i believe is june 18th. we were told at the time that political events were not permitted on simon properties. they owned the mall. they don't own this particular property that is privately owned. he told us we could basically could not have our event because we were a political event and because they were very concerned about the fact we were using the term protest. >> we checked into simon properties, it's owned by melvin simon. he is a billionaire, he is one of the largest donors to obama. his wife was on the inaugural committee, et cetera. this guy is big fund-raiser and so is his wife for the dnc. >> glenn: doesn't ring a bell. don't know why. i'm sure they love freedom of speech. >> the state of michigan's unemployment rate has hit 15.2% for june. i'm told we're supposing to for a low number in this. this is the highest monthly rate in 26 years. michigan seasonally adjusted jobless rate was the highest in the nat

the macy's sums thunderstorms this afternoon -- we may see some thunderstorms this afternoon, but onlyoutherly flow. winds are south at 10 knots. water temperature is around 80 degrees. triple digit record high 103 setback in 1941. the record low 54. we will not have relief tonight. we have this cloud cover rolling in. clout overnight are trapping the heat in. it will be 67 or maybe even in the low 70's. there is a cold front resting right over our air reappeared is so weak it is not making a difference due to the air mess out there. today will be an uneventful day as far as the front is concerned. by tomorrow afternoon, we have a better chance of scattered showers and storms. and we will clear out on thursday. private research to 90 degrees. -- a friday we surged to 90 degrees. >> community leaders and church leaders are working together to bring a summer of peace after violence this weekend. our reporter has more on the story. >> over the weekend, baltimore experienced an unprecedented amount of shootings in a short window of time. and the faith-based community started a summer of pe

>> i don't think. >> this is available at macy's.esses they're between $100 and $200. and they also have a little bit of lycra in them. so they're not going to wrinkle. they've been sitting. they've already danced the morning away. but she still looks great. >> excellent. >> hi. >> e walked by me at least three times. >> he told me you look like a babe. so that's always a good one. >> thanks. >> next we have leigh and nick's neighbor and co-worker holly smalley. >> holly, you are hot. >> holly, love the hair. the whole thing. >> and she said ooh, look at my bustline. i don't know if she even knew it was there. this is just another very flattering dress. you see because of the way the stripes are, really flatters her waistline. available at macy's. >> we've only got a minute. >> this is debbie cordes, the mother of the groom. it is a special, special day for her. and that's a gorgeous dress. you look beautiful. >> hi, debbie. >> we love your dress. >> hi. >> i love my dress. >> wow. >> i'm going to pick this out no matter where i was

others include macy's in radio city hall union square. >>> and now the new harry potter movie is ready to hit theaters. what can fans expect. we'll take a sneak peek. >> and then we'll headed over to studio b. to see what our est chef is cooking up. don't go anywhere. our guest chef is coming up.  >>> the countdown is on. at midnight many movie theate are going to open up for an early viewing of harry potter. we searched online and tickets are still available, but do you have to deal with the crowd. the lowe's theater in georgetown is showing it on ten screens the midnight. the regal theater in bethesda has sold out five late night shows. those lucky fans led up outside of the up town theater yesterday for a sneak peek. what can you expect to learn in this movie. jill dobson talked to harry and his friends. >> reporter: harry potter and the half blood prince picks up the story at a troubled time in the wizards life. after a decade of making magic on the screen, they believe it is important to keep potter mania in perspective. >> it's a perception they have over you, which is a famou

. >> we planned it to take place in a county a suburb of atlanta at an old abandoned macy's building that is being restructured right now. we were called on about thursday which i believe is june 18th. we were told at the time that political events were not permitted on simon properties. they owned the mall. they don't own this particular property that is privately owned. he told us we could basically could not have our event because we were a political event and because they were very concerned about the fact we were using the term protest. >> we checked into simon properties, it's owned by melvin simon. he is a billionaire, he is one of the largest donors to obama. his wife was on the inaugural committee, et cetera. this guy is big fund-raiser and so is his wife for the dnc. >> glenn: doesn't ring a bell. don't know why. i'm sure they love freedom of speech. >> the state of michigan's unemployment rate has hit 15.2% for june. i'm told we're supposing to for a low number in this. this is the highest monthly rate in 26 years. michigan seasonally adjusted jobless rate was the highest

a barge in new york city carrying fireworks for the major macy's fourth of july fireworks caught on firew jersey side of the hudson river where fireworks were being fed off. we will keep you updated throughout the hour and bring video to you as well. police have confirmed the powerful sedative dative diprivan was found in michael jackson's home. with so many different drugs present, how are they going to isolate which ones really led to his death? joinjoining us is famed forensc pathologist dr. sear wecht. you said that we will be able to determine probably conclusively what killed michael jackson based on the information that you have now and if you were doing this autopsy and then going to review the toxicology, what would you be looking for and what do you suspect we will find? >> diprivan, the generic name of which is propofol is a powerful sedative anesthetic agent. administered not only in a hospital but by an anesthesiology gift. the idea of that being self-administered at home is actual incredible. fast acting, within 30-40 seconds arm to brain time after injection you will be ou

now, the analogy i make in the book is macy's having a sale where the double the price and people line up to buy, and then they have a half off sale and everyone returns its. i'm going to see if anyone has the domain double the price.com. i can get rich. unfortunately with the web there's no -- somewin will come up with triple the price.com. we really do act dumb when its comes to investing. i used to think we couldn't time the market, but it ended up we are really, really good at timing the market really, really poorly. the second dumb thing we do is forget simple arithmetic. now, if i needed heart surgery i would not go to the cheapest heart surgeon. but my heart surgeon wouldn't need to make somebody else sick in order to make me better. when it comes to the stock market, roughly 90% is professionally managed. so we pay one expert an average of 2% to try to outsmart another expert. something that doesn't make a whole lot of sense, and later on in this presentation i'm going to show you the odds of that game. that's a game that kevin won't play. now, if your don't believe the logic o

. >>> and this was one of the barges macy's used to shoot off fireworks in this year's fourth of july display there in new york. the fire hoses? yeah, shortly after the fireworks last night it caught on fire. crews quickly putting out the flames. >>> and a fourth of july weekend has been hot as a firecracker for some of us but showers and storms tamping temperatures down just a little bit there. our meteorologist is in the weather center with that like the rain, karen. >> not too much. get the ground wet, restore a little bit of the moisture that the southeast still needs in some areas. going to see what you is going on across the southeast. a severe thunderstorm watch that expires at 9 p.m. tonight. what we are expecting out of this is some pretty heavy rainfall in some isolate aed areas, possibility of hail but i want to point out if you head to savannah, temperatures in the 90s. in atlanta, staying cool, mostly into the 70s across north georgia. well, let's go ahead and tell you about what's happening across the west. got another severe thunderstorm watch out just to the south of d

. >> the atlanta tea party was to take place in a suburb of atlanta at an old abandoned macy's buildingthat is being restructured now. we were called in last thursday, which i believe was june 18, and we were told at the time that political events were not going to be on this simon place mall, which was privately owned. they told us we could not have our event because we were a political event and because they were concerned about the fact that we were using the term "protest." glenn: simon propertys is owned by melvin simon. he is a billionaire. he is one of the largest donors to obama. his wife was on the inaugural committee, et cetera, et cetera. this guy is a big fund-raiser and so is his wife for the d.n.c. -- simon properties. it just doesn't ring a bell. don't know why -- i'm sure they love freedom of speech. the state of michigan's unemployment ate has hit 15.2% for june. hang on. i'm being told we're supposed to go for a low number on this. i didn't know we were keeping score like golf. this is the highest monthly rate in 26 years. michigan seasonally adjusted jobless rate for

we have seen a little softness in our products, like macy's, but not much.e are selling housewares. that is our strongest product area. this is a great thing. right now, for summertime, this is a lemon or lime squeeze their, no power needed. -- a lemon or lime squeezer. things like that. innovative products are selling very well. neil: i remember when you are nice enough to invite me on your show. you were talking about this phenomenon, and people are in their homes, and they are enjoying their homes, and they want to be cozy. >> i think they are struggling with the fact that they really are not free to move. it is very hard to sell or to buy, so they want to make their living place a better place, and so -- we'll go ipso facto, when things turn around, are they less inclined to do that -- neil: ipsos factor, when things turn around, are they less inclined to do that -- ipso facto. this lannan thing. >> they need this. -- this lemon thing. they can put off getting the big items, the new sofa. they are still thinking. neil: you have things at all price point.

states started to race through my mind by thought of all of the skylines, the president's common macy's day parade, rose bowl parade, a small towns, the farms, where i grew up off of route 66 i look at the 76 new american citizens as the fireworks climax to realize that for me my journey to capture and to photograph democracy could never be taken as a single image bricker could never be accomplished in a single iconic moment. instead my portrait of democracy would be a gigantic mosaic. if you can rethink back to your history that each single little thought it does not tell anything until you back up and get the bird's-eye view and look down and suddenly all of the dots start to come together to create a larger vision of america. we are all dots per of the 1300 pictures that appear in my book basically is a singular vision of the america of that i started with. but what i came away with it is not my vision of america coming it is plural because it is "visions of america" because you and i are part of the mosaic prepare every time you take a picture and if you go back home or in washingto

and has the legislation macy to speak for the people in crafting laws to be carried out by the executive branch. i am weary of vushl activism and believe in restraint. the judicial branch is designed to show deep deference to the congress and not make policy by itself. yet, looking at recent decisions on voting rights, campaign finance reform and a number of other topics, it appears that appropriate deference may not have been shown in the past few years and there are ominous signs that judicial activism is on the rise in these areas. i agree with senator fine gold and with senator whitehouse. we hear a lot about judicial activism when politicians are running for office. and when they talk about what kind of judge they want on the supreme court. it seems their definition of an activist judge is one that votes differently than they would like. justice clarence thomas voted to overturn federal laws more than justice stephens and justice breyer combined. second, i am concerned that americans are facing new barriers to defending their individual rights. the supreme court is the last court in

nu-huh, i'm not a woman. [ laughter ] >> jimmy: macy gray. ♪ i try to say goodbye and i choke try toay and i stumble ♪ >> jimmy: how would jack nicholson with a southern accent -- how would he break up with the girlfriend? >> "young lady, i think it's time for us to go." >> jimmy: there he is southern jack nicholson. this is fantastic. cartman from south park. >> "screw you guys, i'm going home." [ laughter ] >> jimmy: so it's donald trump calling in sick for work. >> "i'm tired." [ light laughter ] >> jimmy: do you have any impressions? >> i can do, like, a little bit of forest gump. >> jimmy: yeah, we'll take it. >> he goes, "hey, forest why are you running?" and he goes -- "i don't know, just to run." [ laughter ] >> jimmy: you do an impression of a goat? >> impression of a goat, yeah. >> jimmy: let's hear it. >> "baaa!" [ laughter ] >> here's a dolphin choking on a cookie. >> jimmy: okay. >> all right. [ laughter ] >> jimmy: how would joan rivers give directions to the empire state building. >> "you go to east broad all of the way up there and drive and turn and look pretty while

. >>> hae he has coached all the super stars but today rick macy is putting his bets on a yu up and comert 4 is already a tennis prodigy. >> i've nevereen anybody with feet like this. very good hand-eye coordination. >> love that if she went professional. >> wow. look at that little kid. amazi amazing. she is young, she's already seeing her future in tennis. little mia says she sees her name on the trophies of wimbledon, the french open and u.s. open. i'd put some money on that. >> incredible sflimplt. >>> every year our partners in "wednesday's child," freddie c mac, today we meet the foster parent of the year from the district of columbia. >> i was so excited and so nervous. >> over 30 children have called her mama over the last 28 years. betty taylor says nothing in her life could have made her happier. >> i just love children. i just want them to be safe and have somewhere they can call home. >> reporter: ierwa hs otdmtoan hr he tghr tero t care will about homeless children. seen here at 98 with her family, her grandmother took in abandoned or foster children most of her life. >> they

sears, saks, macy's, the index was up as well. are we reading too much into this? >> no, i think some retailers are better than others. gap, about a month or so ago, she said she liked gap, and i agree. now it's sort of building from that base 14.5 or so that we put in that correction. i like gap a lot. their comps are always awful, they have been for the last four years, but they're running their business better, i think gap is a name, gps, that you can own. >> if you strip out autos, gas and autos, this was on the cory down 0.2 of a percent, so i don't think the consumer has any legs to them. we know this from the labor and earnings numbers. i think you'll get more of the same. >> the only trade out there on the retail space is the trade-down. kohl's is a good name, but rising unemployment, retail you cannot get too excited about. >> we're preparing for the rest of earnings season, taken as a whole, will corporate america's results void or validate the rally. our next guest is here to answer that question. danny hughes is a ceo of divine capital it is markets. >>

market, but with the beginning of the brinker car den rally that carried off into the nordstorms and macy's, when gasoline goes down it's a tax decrease, far bigger than anything that the government is thinking about. >> jim, we'll leave it with your three positives. >> can you cheer those guys up? >> sorry i couldn't give you anything else. >> tom brokaw is the ultimate green chute. >> in case anyone does not know who watches street signs jim's daughter will be a field hockey goalie at williams next year. jim, thanks for being a part of the show an reacting to the interviews. we appreciate that. even at sun valley health care is a big topic. tom brokaw is thinking about that in between his other activities and will be with us right after this break. >>> a quick reminder, all of the recommendations expressed by jim cramer are solely his and not the opinions of cnbc and may have been previously disseminated by him. before acting on a recommendation, consider its suitability for your cistances and consider seeking advi from your own financiaadviser. i get the questi oes it work?" all the time

down. 1.6% rise in retail stocks, looking at a few retailers, radio shack up 3.5%, office depot, up, macy's up 3.5%. what do you make of it? stocks or stats. >> stocks are confirming what we already knew, this is a period the economy will continue to struggle along. we have two big overhangs, consumer with a huge debt burden still working through, going through the process of repairing balance sheet and this not fully functional credit creation process, banks struggling with issues of asset writedowns and losses and coming off a very low base. when we had this market recovery from early march through mid-june, it wasn't that things gotbetter, they got marginally worse. we have to see incrementally better news for the market to continue to extend these. >> will that happen. >> are you bull or bear. >> right now, we're moderately constructive in the market. we need proof points. the employer report was disappointing, the retail when you strip out energy was disappointing. we need additional proof points. i think you will see a fairly wide trading range, set the lows in march and it will take

i thought of macy's day parade rose bowl parade, the small towns, the farms, where i group up off of route 66 and looked at all of these 76 new american citizens and as the fireworks climaxed i realized that, for me, my journey to capture and to photograph democracy could never be taken as a single image. it could never be accomplished in a single iconic moment. instead, my portrait of democracy would be a gigantic mosaic. if you think back to your are history and think of cerat's pointedalism, each -- pointsalism, every dot, it doesn't tell anything until you back up and get the bird's eye view and look down and suddenly all of the dots come together and -- to create a larger vision of america. we are all dots and the 1300 pictures that appear in my book basically began as a singular vision of mark but the "aha" here, what a came away with is that basically it's not my vision of america, it is plural, visions of america, because you and i are part of that mosaic, over time you take a picture, back home or in washington, d.c., you, too, are photographing democracy. and what i would l

and now, you have to take her out in this dress available at macy's.aid she has nothing like it and she likes to go to the balls in town but has nothing to wear. >> a whole new look. >> you look so incredible. >> i don't think it's me. >> you like? >> all right. >> a big hand for carol. >> you're beautiful [ bleep ] >> walk right over there. >> our second lady's name is romaine davis. she's been married to her husband ben for 45 years. works at the university of miami. never puts herself first. she's here with her two granddaughters and her daughter. she's never colored her hair and is finally ready for a change. she's here with her two sisters. let's take a listen to her story. >> well, you may be curious how we spotted them in the crowd. but these crazy hats. but you have a big celebration. your 45th anniversary. tell us why you want a makeover? >> because i think i need one, and i would like to surprise my husband. >> oh, a surprise. and you want your big sis to have a makeover. tell us why? >> because she always takes care of everybody else. it's t

i thought of all the skylines, i thought of the president's, i thought of macy's day parade, the rose bowl parade, the small town, the farms, where i grew up off route 66 -- and lived in all the 76 new american citizens and as the fire worse climaxed i realize that for me my journey to capture and to photograph democracy could never be taken as a single image. and could never be accomplished in a single iconic moment. instead it my portrait of democracy would be a gigantic mosaic. if you think back to your art history and think of pointillist some that each single thought, if you look in every single one it does not tell anything until you back up and you get that bird's-eye view, if you look down and suddenly all those dots start to come together to create a larger vision of america. we are all gods and the 1300 pictures that appear in my book basically began as a singular vision of america. but what i came away with is that basically is not my vision of america, it is plural because it is visions of america. because you and i are part of that mosaic so every time you take a picture

and macy's went up today. is that apock ro follow? >> who knows. that's the other thing. they are marking down everything. they are giving stuff away these days. trying to keep their inventories as lean as possible so they don't get jammed up ahead of the back to school season, as well as christmas. >> i love that. capitalism for free. show up and they give it to you. mary thompson, thank you so much. >>> let's swing to the booming tech story, the main stays of this whole rally. texas instruments beat the street. and while we're at it, let's kick the future tires of apple and cisco, nobody does it better than cnbc's silicon valley bureau chief from the left coast, jim goldman returns. hello, jimmy. >> good evening. texas instruments isn't the merely latest good news story among big cap tech. the company reports 2 cents better than the 18 cents wall street expected on $2.46 billion in revenue. and while both categories are well below the company's numbers for last year, they soundly beat analysts' estimates. shares building on the rally thanks to new guidance from the comp

i think macy's has an opportunity with their new program and the big cost savings. i think american eagle has an opportunity because they're starting to benchmark after arrest owe positivel. they seem like strong players. and i like payless shoe stores which is collective brands. i think they can actually raise the aur, have a higher price point and be under the competition. i like all three.e. >> steve liesman, on the way out real quick, both the core and the overall ppi jumped unexpectedly. are you worried about that? the end of deflation, that's for sure. >> i'm not. i'm not. i was on vacation, larry, and the reinflation trade or inflation concerns went away. i just want to tell you one thing, larry. you've got to pick one thing to be depressed about. you can't be depressed about two things.. you can't be depressed about a high savings rate and on the other hand depressed about high debt levels.s. savings rate cures the debt problem over time. pick a thing, there is plenty to be depressed about, larry, pick one and go with it. >> the within thing i'm not woerds a

last night macy's huge fourth of july fireworks display took place on the hudson river as a tribute to who died having no idea that he had succeeded beyond his wildest dreams. >> osgood: ahead. >> let's get cooking. >> osgood: chef bobby flay lends us his ears... of corn, that is. >> osgood: for a holiday picnic, how about some corn on the cobb fresh from the grill? chef bobby flay knows just how to do it. >> my first memory of eating corn was in my mom's kitchen. i was probably around 5 or 6, and i distinctly remember her pulling a plastic pouch out of some boiling water with a pair of tongs. my mother took a pair of scissors and ex-claimed, "this is mexican corn, and you're going to love it." to this day that experience has inspired me to treat corn with the respect that it deserves. and boy do i love it now! i make everything from a fresh corn tamale with shrimp and garlic to sauteed fish crusted with corn not just the yellow but white and blue corn too. and then there's my corn ice cream. yes, ice cream. it made its tv debut a few years ago on the early show. >> that ice cream may

>> available at macy's. and where are you taking her in this hot outfit?donna, she's 73 years old from madison, wisconsin. she met her husband lyle 55 years after tripping him on purpose, i think, in the roller skating rink. since lyle was diagnosed with parkins's, she has only dedicated her life to making him her number one priority. she's really not into taking care of herself. her girlfriend cuts her hair and she normally just pulls it back. her daughters were praying for her to get a new look. let's listen to her story. >> i know you really want this for your mother. tell us why. >> well, she takes care of my father, who's disabled with parkinson's disease. and she unselfishly cares for his daily needs all the time. and she just deserves this, because she's a beautiful person inside and out, and i think it would b really great if she could have this. >> and i know you want this, too. >> oh, yes. yes. well, my friends kind of think i'm kind of dingy anyhow, so this way you can turn me into something beautiful. >> well, we are going to make you look and

even discounters reported declines, costco sales slid by 6% last month, jc penney, target, macy's also reported sales fell from a year ago. don't want to buy bathing suits when it feels like april. >> i never want to buy a bathing suit. are you kidding? >> i recycle mine year after year. >> that's impressive. anyway -- >> we digress. what we're seeing in the first minute of trading, the dow the nasdaq, s&p higher. did you see who was ringing the opening bell, on the occasion of its 100th anniversary, the naacp the largest and oldest civil rights organization. happy anniversary to you. >> very good. susan lisovicz, we will check back later on thank you. >> you're welcome. >>> so where's the money? where are the jobs? a new report finds financially strapped states are using their part of the economic recovery money to plug gaps and stay afloat instead of doing long-term projects. our christine romans in new york with more on this. what is in this report? that's not really what they were supposed to be doing with the money, right? >> no, you're right but it's because they have to. of the

that's going to be the tell on the lower end consumer, and then i want to look at jcpenney, kohls and maciest middle america. i'm not expecting fabulous things. i think they have been cost-cutting a lot. cost-cutting is not going to drive this market higher. >> let's talk about technology, because for today it is certainly helping to drive this market higher, and that brings us to our chart of the day. and john kosar, looking at the charts and thinking maybe this rally is long here. >> well, what we're looking at on the chart is we're looking at the ndx versus the s&p 500. and those vertical lines you can see going in between both bars show that the ndx is overbought now versus the overall stock k market. and when that has happened in the past, that's been kind of a peak in technology. so it doesn't mean we have to top right now, but it means tha we're probably within a couple of weeks of a peak, so even though the market is strong  today, it's just a little bit of a warning sign to be careful up here. >> you know, the thing i like about technology, the sector, this is low-leverage -- very

. >> perhaps swimsuitses are selling at macy's for 6%. jcpenney and nordstrom all up.ay women's 2o. the first complete women's multivitamin in a drink mix. with more calcium and vitamin d... to support bone and breast health... while helping you hydrate. one a day women's 2o. refreshingly healthy. >>> welcome back to "power lunch". here are the stories we are talk bchlth the biofirm saying the experimental treatment for lupus met goals in a late stage trial. upgrading to attractive from inline among the stocks. cbs, disney and scripps. shares of harley davidson is to neutral from sale saying the expectations have been set way too low. steve? >> your favorite story of the day. as businesses navigate for consumer spending, there is an economic indicator you may not have thought about. the swim wear sector. how is it holding up? michelle joins us live from swimsuit factor week in miami. is it skimpier? i'm just grasping here. >> an endless source of discussion. you should hear the conversations among my crew who were eager to work the runway shows last night. go figure. y

it also raised issues of legit macy that vice president been resolved in their own country. we have to wait to see how the dust settles. right now we have to continue to speak out and bear witness to the fact that the iran an people need to be treated with justice and fairness, but it certainly complicates our efforts because there's the possibility that those who are now in power in iran choose to retrench and dig in as opposed to open up. and that's where having conversations with russia, china, other countries that still do business with iran is so important. and it is something that i raise can i wantly consistently in conversations here. >> reporter: are you giving israel a green light? >> absolutely not. i think it is very important that i'm as clear as i can be and our administration is consistent as we can be on this issue. i think vice president biden stated a categorical fact, which is we can't dictate to other countries what their security interests are. what is also true is that the policy of the united states is to try to resolve the issue of iran's nuclear capa

others clude macy's in san francisco and union scare. and for mom's nordstrom is very good.lounge. no charge, nordstrom. >>> money magazine out with best places to live. it's all about the small towns. louisville, colorado, ranked number one. low crime. and minnesota, milton, massachusetts, and others. two maryland towns crashed the top 100. eldersberg came in at 47 >>> harry potter expected to aw huge crowds this weekend. you'll hear from the stores of the film coming up next. >>> and another look at the five-day forecast. it's now just abt 8 minutes before 9:00. fox 5 morning news will be right back. (bell ringing) woo-hoo!!!! woo-hoo!!!! woo-hoo!!!! woo-hoo!!!! kobak. mr. miller (announcer) everyone's heading to arby's for the official $5 combo of summer. featuring arby's new bbq bacon chdar roastburger big on bbq taste, it's the $5 combo done better. it's in your future now. [ female announcer ] discover the power of aveeno positively radiant. with total soy, it's clinically proven to visibly reduce past damage while advanced spf 30 helps prevent future damage. aveeno po