mandy. >> okay.k of america offer isn't out of the goodness of their hearts. it is over fraudulent foreclosure practices and part of the $25 billion settlement between federal and state agencies and the nation's five largest mortgage services. but what kind of message does this send to homeowners who pay on time? well, let's bring in pay on time? doesn't this smell like a moral hazard to you? >> it does. if you take that part-time job so you can pay your mortgage, you don't get any help. because if your mortgage payments are below 25% of your income, you don't get any help. if they are above, you do. especially in these days where the interest rate is dropping, it's an incentive not to take that lower paying job so you can get help with your payments. >> i'm really struggling. defend this program. our viewers are outraged. they are saying, where is my break in why am i not getting a mortgage deduction? i'm struggling to defend it. can you? >> bank of america feels this is profit making for bank of am

>> i think the simple answer, mandy, is yes.s on are about $3.90 in earnings. the international bookings growth needs to be more than 40% year over year. if you saw that crack, it could be for market reasons probably not near-term. it could be for competitive reasons. could be from intermediary pressure from google the stock would crack. we don't think that will happen, but there is the risk. >> the float is small. not a lot of shares outstanding. should priceline sell more stock, lower the price, make it easier for the retail investor to get in? >> i don't think so. i think there's a reasonable float in priceline shares. again, i want to get back to the valuation. this stock trades about 20, 21 times earnings. >> which is a premium to the peer group. expedia's about 14.5. >> i'm not sure i would be travelzoo as a peer group play, but expedia has less than half the growth rate of priceline. priceline will grow earnings well over 30%. expedia less than 10%. priceline should continue to do so. >> mark, thank you very much for join

and music's new billion dollar man, mandy. in financial terms, he is definitely found what he's looking for. >> he's doing very nicely, thank you very much. the facebook ipo obviously dominating a spotlight over the nasdaq. perhaps ob securing the conclusion of its biggest weekly loss since november with facebook trading higher after bouncing off the break even level multiple times but never going negative for the day. and we do not want to lose sight of jpmorgan, down 10% this week. almost 20%, folks, since the revelation of trader-gate. the bank has erased its gains now for the year. we are going to have more on jpmorgan in a little bit. first of all we have to break down the very latest on facebook. melissa lee and bob pisani are standing by for us. melissa, to you first of all. you were there down at the nasdaq. you like all of us i'm sure gazing at the board waiting for the first trade to come in. waiting, waiting. never came in. how badly does this reflect on the nasdaq? >> down by more than 3% and certainly we saw the t

a social media firing, mandy. >> hello, everybody. happy monday. i'm mandy drur ri. checking in on the markets with two hours to go, the dow is in the red adding to the losses over the past two weeks. today off the triple digit drop we saw earlier on in the recession, the index still up nearly 7% year-to-date. and the nasdaq up about 12% year-to-date. along with the broader market, it's off about 0.5%. in the meantime down to bob pisani on the floor of the nyse. as brian said a moment ago, bob, there are a lot of headlines out there and some of them are conflicting. what are the most important headlines that traders and investors need to focus on this week? >> i think we're going to see some of the u.s. economic numbers. money is coming here to the united states. yes, it's a safe haven, but we're outperforming. for example, we're going to get retail sales tomorrow, mandy, for april. numbers are generally not going to be that bad. and a number of the retailers, believe it or not, are in positive territory. wet seal, children's place, chico's, fred's, buckle, all in po

in the meantime back to you, mandy.er when "star wars" came out you were a wee person watching it at a drive-in. i also watched it at a drive-in. >> were you necking back in the day? >> a gentleman never tells, amanda. >> now leave everything to our viewer's imagination. >> yes, we shall. >> thank you, bill. well, from bloody sock to bloody broke, former red sox ace, kurt schilling striking out big time. darren rovell is here onset to tell us the full story. talk about a fall from grace. >> this is shocking. his video game company, 38 studios, laid off all of its staff, almost 400 employees yesterday after it couldn't come up with enough money to pay back a portion of what has amounted to $50 million in loans from the state of rhode island. this comes just a couple months after schilling's first game hit the market. schilling hasn't spoken much since things quickly went south. i did ask him how much his $114 million in career earnings he put into his video game company during the week the game came out. what percentage

>> mandy, it's a pleasure to be on the show. and i would say that theme parks great place to invest. i think the industry especially the regional theme park industry is really a solid industry. we've got a higher occurring revenue. we're in a position where we generate a lot of cash flow. and we offer such a great value for the consumer in a tough economy. i wouldn't go as far as to say that the economy is back. we're seeing some good signs. but we're very well-positioned, i think. >> and you have a leading indicator, jim. how are season pass sales tracking? >> brian, you set me up perfectly. they are tracking extremely well. our season pass sales as we go into the second quarter they're up 18% on prior year. and that's a signal of hopefully very strong attendance to come. >> hopefully strong attendance. so i want to ask you, therefore strong enough that you feel you might be able to hike prices? earlier this week we were reporting to our viewers there are a couple disney theme parks hiking their ticket prices for the summer. wi

>> yes, thank you, mandy.etaphors and this is the amazon and the ebay of latin america, and this is the store ri where versus amazon we have a strong valuation market, and when it comes the paypal, the mercado which is there, and the payless system, and latin americans are slow to adopt to the payless system to force them to give the credit cards over the internet, et cetera. this is where they have the trust. they are well insulated on the ground, and the online growth in latin america is unbelievable. they have been there and ahead of amazon coming in september. they have a serious leg up. the growth year over year is 30%, and the earnings per share is dwarfing that of amazon, and this is a place where, again, an expensive valuation historically has been rewarded with this type of growth. i think that you are kind of in value territory for meli, because you have a stock that sold off in the valuation, and offering a discount the amazon. so in short, this is a company that is to me, you know, effectively if i

>> the bond market, mandy, in terms of investment grade only yields 2%. let's start from that point going forward. so if an investor wants more than 2%, requires 3%, 4%, 5% for that 401(k) or college education or for retirement, then they have to stretch it a little bit. we're not recommending that they stretch it in terms of credit quality. we're suggesting that they buy, yes, agency mortgages that yield 3% to 3.5. and that they certainly look towards inflation protection. you know, i think that's key. i think what we've seen, you know, over the past several years in terms of qe has been very inflation producing ultimately down the road. so an investor should look to the tips market, certainly, to protect their purchasing power going forward. at the moment, those tips securities protect inflation to the extent of 2.2% going forward and they provide on longer maturities a real rate of interest as well. tips plus mortgages will get you, you know, 3% to 4% is not great, but it's better than 2%. >> bill, at current growth rates does the u.s. deserve another

down 10.5%, mandy.s a $41 stock. >> kind of tells the whole story. >> three years ago -- it's the biggest bank in greece. >> uh-huh. >> i think one stock sort of exemplifies what's going on in the country. >> it really does. >> all right. disaster du jour time. sorry, herb. i understand herb apparently watching the show from italy. >> but he's watching us in italian. >> all right. jc penney getting hammered after reporting huge earnings in sales miss last night. stock posting worst drop in 20 years. no offense, herb, but listen to what you had to say about the company in december. >> herb thinks jc penney is ripe though for a turnaround. and even a new name. a new name, herb? >> well, the new name as we say is jc penney which we are going to call jcp. it's my number one prediction that we say jc penney essentially is going to be one of the hottest, hippest turnarounds once they rename this company. i'm putting all my chips on new ceo ron johnson. >> okay. i guess the question is whether or not jc penney

we talked about valueclick, mandy. this goes to herb's points which is if you are priced to perfection, you better deliver perfection. they did not. in fact a miss on revenue and eps. >> i think they lowered their guidance as well, didn't they on that? and aetna crushed. down after soft earnings and guidance. several stocks are getting clobbered after missing estimates. for example, green mountain, weight watchers, opentable, one of the stocks we did a feature on yesterday. herb has been warning you about green mountain. and he's back here to tell us how to avoid the next big miss. you were on this, right? and you were looking for the red flags. just run through very quickly what kind of red flags brought your attention to green mountain and what could also help people in the future to avoid falling in a trap. >> look, everybody has their thing. often it usually starts with the numbers, you can see it in the numbers, but not every company is the same. with green mountain, there were really a number of things. nothing w

mandy, back to you. >> thank you for the tip, sully. thank you, brian. >> what?s not sully, too? he's shaco. >> you know, i be mando. that's how we do it. >> you can stop with an o and that's an aussie word. >> i was the last one. i'm just shac. >> too lazy to give you an o. >> brian radio schactman. >> kayla tausche is joining us more. >> facebook is joining a week from today, but we just heard from sources mark zuckerberg is planning to ring in from headquarters. facebook currently considering what would be a dual coast bell ringing. a very rare occurrence, but the east coast part of that has yet to be nailed down. facebook has been in planning for the market site which traditionally uses times square real estate for offerings. asked what executive if any would travel to new york for the festivities remains unclear. they're trading on friday, so it will be hammered out next week. stay tuned for more on that. >> kayla, thank you very much. well, just a few months ago i had a chance to catch up with facebook co-founder, eduardo salve rin in singapore. he will be

mandy, thank you. berkshire hathaway's meeting is kicking off tomorrow.eting since warren buffett announced he's been diagnosed with cancer. becky quick is there live and she's already had the chance to speak with warren buffett. welcome. good to see you. what were the key takeaways from your talks with warren? >> you're right, brian. this is the first time we've seen him since he made the announcement about prostate cancer. he looked great last night. he said he felt great too. people want to know what the oracle of omaha is thinking. i know today the markets are down, but earlier this week you're looking at the dow at a four-year high. that got us thinking about things, wondering if he really loves stocks still. now, he does like stocks, but there's another investment he likes better. take a listen. >> i think stocks are attractive, but houses are down a lot more than stocks are down. i love owning stocks. and i can't own thousands of houses. i can't manage one very well. but it's a very attractive way to borrow money for 30 years. you can't go out and

>> i don't think so, mandy.f you look at the p/e ratio for the s&p 500, it's only 14 times earnings. i find that very cheap compared to the historic average of 15.5 times earnings. so i think we're certainly not in the early stages, but it's not too late to get in. >> steve, do you agree that the market is still cheap? and if it is, what would you buy? >> i think it's cheap, mandy. near-term we have a little bit of a pullback here. i think friday may be weak with the jobs number. we think we're in a new secular bull market for equities. we think over the next couple years you could be seeing 1650 on the market. we have a target of 1450 for the end of the year. in this pullback here so often we certainly would be buying cyclicals, materials mentioned earlier on the show getting hit hard. industrials, those areas have lagged this year and those are areas we particularly like in the u.s. >> okay. so steve says 1450 target for s&p by the end of this year. two-year target 1650, do you concur? >> i would say by the en

. >> thanks to abc2 facebook pan mandy white -- mandy white for sending in this picture of her son landonhe boardwalk in ocean city. he's pictured here with his little cuss seven darcy. caption the picture. one wrote in saying where do we go first? thrashers. one said come on honey the ride are this way. and jessica wrote in i wonder if the boardwalk is still going to be here in 80 years? and terry come on i see the ice cream stand. so we have really been enjoying your comments thank you so much. and if you want to send in a picture just like mandy e-mail them to us pics@wmar.com. >> that's a great picture. >> love it. >> adorable. >>> during the summer teens can spend more time on the roadways driving to work and going to see friends or maybe helping out family with chores. >> bootlast still some work that definitely needs to be done. karin caifa has the consumer watch today. take a look. >> reporter: as school lets out, teens have more time to drive or learn how. the good news for parents, the insurance institute for highway safety says the number of teen drivers involved in deadly acci

mandy, back to you. >> safe haven by any other name.hank you much, rick santelli. >> havens by their nature are safe. a bit redundant. >>> greece woes. spain pain. facebook fails. mandy said facebook now below 29 bucks. we're higher on the dow. joining us now from london, global head of economics at sofge ner sofgen. mark, is this a quantitative easing trade? is this like so much bad news that it must be good news because bad news means fwood news because it means more money is going to come down thanks to the generous people at the ecb and our federal reserve? or is it something more substantial? >> brian, i don't think it's necessarily something more substantial. but i also don't think it's a quantitative easing trade. i think if we were seeing the prospects of quantitative easing in the marketplace, we would see it in the form of higher gold prices. which typically looks at liquidity as elixir to move its price of the bouillon much higher than where we are today to 15.50 or so. what we're seeing today is some pouncing on the news tha

more importantly, mandy, it kept its full year eps guidance.hing a lot of retailers have not done. but careful though because revenues in europe dropped 10%. eurosis hitting the guess story still. stock is up. >> take a look at facebook as well. it was currently trading to the upside today. currently up by 3%. but still a long way below the $38 price it was on friday with the ipo price. >> or the $100 a share a lot of people thought it would be valued at. >> absolutely. so is this the right price? what is the ultimate entry point for facebook? paul hick ey joins us now. at what level would your readers like to buy it? >> we did a poll on our website earlier in the past two days. and the average person -- three quarters of our readers and clients said they wouldn't touch facebook unless it drops to $25 or below. goes to show how much sentiment has changed in the last week. last week investors couldn't get enough of facebook and now they won't touch it with a ten-foot pole. >> your audience is different than the general population, but there's a

mandy? >> crisis tennis. it's interesting that copper's moving down considering that statement out of china. that's another conversation. thanks, bob. >>> in a moment we're going to dig in on what the insiders of wall street knew about facebook and whether or not they knew it before you and i did. but before we do that, let us walk you through facebook's road to going public. here with that timeline is bertha coombs. >> hey, mandy. if the morgan stanley-led ipo had its own facebook page, its timeline would start on february 1st. they announced their ipo plans in the s-1 filing. april 23rd the company shocking investors reporting q-1 net profit was dragged down by higher exxpenses. may 3rd we get details of the offering. 337.4 million shares with a price range of $28 to $35, where it's trading right now. also we hear more about its mobile strategy during the road show which kicks off on may 7th. the q & a over the next couple of days raises some questions about how they're going to monetize mobile strategy. in

>> mandy, this is economics. i wouldn't be at all surprised that tax calculations are part of the thought process. i think that's a reasonable thing. but most important the economic growth in the world in the last decade and i think in the next decade is going to be in asia. it's not going to be in the developed world america even japan, europe, they got to be where the market is. and that's exactly what they're doing. and singapore's a great place to do business. this doesn't worry me at all. >> it's interesting what you're saying there, don, because there was another headline that caught our eye yesterday. of course we broke the news that the fed okayed the purchase of a u.s. bank by a chinese firm. and we were all trying to work out whether it was welcome or worrisome. you were saying all the growth is going to asia. in other words, they're going to be big. so rather than treating them as a foe or a threat, is it good we're welcoming them and shows a thoring of ties. >> i don't think it suggests any thawing of

mandy will be inside all weekend watching the festivities. >> glued. literally glued. >> which is in indy and they race 500 miles. >> thanks for clarifying that. i know you want to spin in that car. >> i don't think this one has an engine in it. >> if it's something horsepower, get the horses to pull it. coming up next, facebook's rocky start. are high frequency traders to blame for the stock's lousy opening? well, the man versus machine debate when "street signs" returns. tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd# 1-800-345-2550 so when things s

julia. >> thanks so much, mandy.oined now by chris dewolfe, who is now ceo of social gaming network. you were ceo of myspace for six or seven years and co-founded myspace. what do you think of the facebook ipo? >> i think it's incredibly interesting because on the one hand it's incredibly exciting. it's the largest tech ipo in history. and everyone's been talking about this for years and years. however, there's no real metrics to gauge what it's worth. is it worth $69, $89, $140 million. i think everyone needs to wait and see. >> you sold myspace, you didn't go through the ipo process. what would you have done differently? >> what do i think facebook did wrong? >> in terms of listing on the nasdaq and the stock is way down since the ipo. >> yeah. i think they've done everything right. i think the one thing -- great thing about mark zuckerberg is he really focuses on the product. he probably doesn't care that much about the stock price, just putting words into his mouth. i think he's thinking about what's next. how to

>> i do. >> tom, todd, mandy, simon, we'll see you soon. thank you so much. >>> brian is at the ready at the flash desk. over to you. >> technology, some interesting numbers out from pandora. they lost money, but much less than expected. their second quarter guidance was above consensus. it's pulled back. i don't know if we have the chart. still strong gains in after-hours. on the flip side, net a. p p. they beat by three cents, a narrow beat on revenue, but their guidance extremely light and below consensus, getting thumped, maria, more than 14% to the down side. back to you. >> thank you so much. the market stages a comeback late in the day. he's been worried about the market. the late rally mass notice have maid him feel better. folks say brace yourselves. they say if you don't think what happens there matters here, you're in for a rude surprise. stay with us. with us. if you're one of those folks who gets heartburn and then treats day after day... well, shoot, that's like checking on your burgers after they're burnt! [ male announcer ]

cnbc's mandy drury is here with what's moving your money.n the past decade to how much now? >> you know, from birth to age 17 you're going to have to spend $227,000 for food, shelter and various other expenses necessary to raise that child. it could be $287,000 when you factor in projected inflation. new york city the bill does not include anything related to pregnancy and delivery or, of course, the very big cost of college. the average cost of four-year college in-state residents, tuition, fees, room and board, that climbed 6% for the most recent academic year averaging over $17,000. you know, richard, there are all the extras. according to international nanny association nancy who live outside your home can cost more than $3,000 a month for fulltime care. as an employer you have to pay social security taxes. when we say $227,000, it's really just the basics. it really does make you think twice about having more kids. >> mandy, you're a mom. you know it's worth every penny. >> it is worth every penny. >> thank you so much. >> thank you. >>

mandy drury here with what's moving your money.book is sharply lower after going public last friday. mandy, what's going on here? >> they opened below their $38 issue price this morning. the stock fell up to 13%. but who is really to blame for the view that, let's be honest, fell flat on friday. the debut was marred by that big delay in opening on the nasdaq. that's going to be looked into by the s.e.c. as it fell on friday towards that $38 mark, shares were purchased on the open market. it could eventually result in financial restitution for investors who did not get shares at their desired price. and by the way, ob saturday, mark zuckerberg married his girlfriend, priscilla chan. that's a nice little $19 million ring on her hand. >> was that done on purpose to protect his money? >> i think some of the legal people behind the scenes are saying this was a wise move, as long as they had a prenuptial agreement. when you have that much money at stake, i think it's a wise move. >> i'd marry the guy. >> i would marry the guy. >> whateve

cnbc's mandy drury here with what's moving your money. mandy, that's -- here's the thing.st the united states. how is it doing globally? >> you know, craig, it's earned now cumulatively worldwide grosses of nearly $642 million in just 12 days. it opened, you know, in overseas markets april 25th. it is also surpassing the previous north american record which was set by none other than "harry potter" which earned just over $169 million when it opened in theaters domestically last summer. it's also a real stamp of validation, a vindication essentially on disney's $4 billion acquisition of marvel entertainment back in 2009 and might go a long way to soften the blow of that recent thud. remember that -- >> john carter. >> you hit the money there. >> oh, yes. >> and amazingly enough it was also about $30 million more expensive to make than the avengers so this is essentially a win. >> all right. did you see it? >> i didn't. i'm sorry. i actually saw "the pirates" instead which was excellent by the way. >> cnbc's mandy drury with that report and a movie recommendation for you as

>> that's a good question, mandy. and i think the answer is no because there's a point at which the u.s. doing anything is seen as interference. i think what they're trying to do is say, look, you guys have the tools, you've had the tools to solve this problem. use them and get over some of those political constraints. it would be different if the administration saw this as financial constraints, but the message i'm getting is it's more political than it is financial. they have long maintained they don't need imf help, doesn't need u.s. help. it's a matter of gathering the wealth in europe to solve financial problems. >> steve, point understood. >> backing off a little of the hope there. thank you, on deck, a stock that's gone from $91 to under $2 in just over four years. >> yeah. from here to zero. plus the great unknown. how much didn't we or don't we know about the mess at jpmorgan? just how much more will the firm lose? are they telling the whole truth? we're going to debate that coming up next. >>> do check out m

mandy with the latest. and now, of course, we have the jobs report to kick off for the month of june. will tomorrow's numbers help or hurt? joining me is our own mary thompson at the big board. thank you for joining us. what do you expect out of the jobs report? should we look at the jobs number for an indication of where we are tomorrow and do you think that we see a market reaction if we get a negative number? >> i don't think we're going to get to see that market reaction. generally we've had such a bad may. we know that during an election year we have good summer months. we do well near the end of the year no matter who wins. so i think that when you look at the jobless numbers, we've already baked in some very, very low depressing news. i think it's going to have to be way off to get anybody on the bear side. that being said, i'd be a buyer right here. i think we're going to have a good june. >> you want to be a buyer because you think we're going to have a good june. stephanie, is it 8.2% are some exp

>> reporter: mandy, it's only 4:00 a.m.ebook headquarters behind me are packed with over 500 employees in there right now, with facebook's 31st-this is a facebook tradition -- audio difficulties -- and outside employees day jobs. they take some breaks, i hear, to play some street hockey. it was all-nighters like this one that produced the like button, facebook chat, the precursor. one product we hear was created last night -- >> okay. we do apologize. we seem to be having some of connection problems. we'll try to get to julia as soon as we can. >> one of the world's leading value investors, lee cooper man, chairman and ceo of naked advisor of goldman sachs asset chairman and ceo. great to see you, especially today, lee. looking forward to the next hour. when we talked to warren, another great investor, he's like, internet, stuff like that, i really don't understand it. he finally bought some ibm, one of those newfangled companies. how about you? do you have something on facebook? >> i do. it's not generally my wheel house.

andrew ross sorkin and mandy drury are both here.'ll be on assignment. >> i'm going to -- going to be on assignment. >> becky on assignment. >> is that a euphemism for lying on a beach somewhere? >> no. >> getting surgery or something? he left. >> he left? did we upset him? >> i don't know. >> i think we upset him. he speaks in tongue. >> he's chucking his stick. is he going to be throwing phones around the desk and breaking things? now he's sad. >> u.s. equity futures at this hour are indicated up about 60 points on the dow jones. after a rough week last week. rough week the week before that. and then a rough day yesterday. europe doing a little better today, as well. not sure why. >> i was trying to work all that out, as well. because you have, what, like 0% growth for euro gdp. italy contracting more than expected. france growth evaporating. but germany was stronger than expected. and i'm wondering whether that was the linchpin. >>. >> and the stronger dollar is not coming necessarily because of -- >> we have a fight going on here

. >>> just days before going public, cnbc's mandy drury is here with what's moving your money. >> nowlion that's up from 337 million obviously to take -- yesterday they raised the expected price range for the stock as well. and if all the shares being offered are sold at the high end of the expected price range, the ipo could raise more than $18.4 billion which would value facebook overall at more than $100 billion. however, here's a troubling sign for you, major advertiser, gm, general motors is going to stop advertising on facebook because it says that paid ads on the site have little influence on consumers confidence. you have to consider that executives are out there and have spent the last two weeks trying to convince investors that it's ad business does make it worthy of that sky high valuation. >> cnbc's mandy drury. thank you. consider these jobs that didn't even exist ten years ago. this is a list put out by forbes. you could be an app developer for smart phones, a market research data miner, who makes sense of computer patterns, an educational or admissions consultant. a chi

. >> you know, to mandy's point, i think it is a huge issue.egain the trufrt of mom and pop in america in the equity mark snets i'm sure you talk to people. i do. mandy does. we all do here. they say, you know what, i don't trust it. it is a rigged game, i'm out. frts. >> well, what we have to understand of course, is that the equity market is something that shouldn't be viewed in a straight line. i think that many investors in the period before the credit crisis become lulled into a sense that things would move uni directionally. that's not the case. that's point one. point two, we have had a shock to the economy. whether retail spending, what happened to people's savings, what happened to their jobs and so on. this takes a long time to recover. and the third thing too, is i think that for many individual investors, there is an clear sense, perhaps, in terms of what can move the market. you know, we spend so much time talking about the short term moves. what is going to happen between now and tomorrow morning. the very often we forget to step

mandy drury is here with what's moving your money. the summer. good news. >> reporter: yeah, really, it is good news. it's just in time for summer. the government says conditions are improving. the e.i.a. has slashed their forecast for average gas prices during the summer driving period from april to september. instead of the $3.95 gallon per estimate, it expects prices to average $3.79 during the period. as it happens, the new forecast is exactly the same price the eia said motorists were paying on money. it also said it cut the sum forecast because crude oil prices have fallen and they continue to decline today. >> let me ask you about this sign, another sign of the auto industry coming back. ford is going to boost production? >> reporter: yeah, rising car and truck sales have prompted ford to add a week of production at 13 northern american factories to pump out another 40,000 vehicle this is year. most factories have been running at capacity. they're going to cut in half the two-week summer shutdown. things seem to be getting bett

mandy drury joins us. >> reporter: sales have been on the up lately.s is thanks to the fact that fast-food drive-throughs really isn't the realm of mcdonald's and kfc anymore. it's going into new territories like coffee, starbucks, convenience stores and even chains such as panera bread. panera is now building them in to 20% to 30% of their new locations. and by the end of the year, they will have drive-throughs offering every item from the panera menu. it's a new craze it seems in terms of drive-through trends. >> mandy drury, thank you. >> you're welcome. >>> this summer, more than 1,600 museums will offer free admission to active duty military personnel and their families. it's called the blue star museums initiatives. the program has doubled in size over the past two years. within the hour, officials announced the 300 new museums for the summer. among them, the american civil war center in richmond, virginia, the new mexico museum of space history, the san francisco children's creativity museum and the world figure skating museum. that was in color

mandy drury is here with what's moving your money.n't be serious. >> apparently they are, chris. here is what spirit airlines said in the statement. we don't want any of our customers to wait until they get to the boarding gate to pay for their bag, that delays the boarding process for everybody. they expect the new $100 fee charged for those who wait until they get to the gate is reasonable. you have been warned, spirit airlines currently charges $45 for a carry on bag. as of november 6th if you wait until the boarding gate you have to fork over $100. any bag that needs to fit in the overhead is considered a carry on. if you've got a handbag or small bag under the seat, that is still free. when you think about it, chris, $100 may be more than what some people have actually paid for their ticket. it's quite incredible. >> let's keep this going, you can have drinks with richard branson. >> fancy a drink with him. if you fly in the top class of virgin atlantic flights this month, you get your wish or the closest thing to it. you're goin

mandy? >> the stuff other than facebook going on, bill? i didn't know. anyway, let's just step back and take a look at markets here. what you are sitting at is approximately session highs. a pretty good start to trading week. but this is of course coming off a fairly low base, guys, because we had our worst weekly decline last week. there were a couple of macro things that are helping sentiment here. for example, world leaders expressing support for greece to stay in the eurozone over the weekend. and at home, things like the national association for busy con mists expecting modest growth for the remainder of the year and they say things will pick up pace next year as well. let me take a look at some of the individual movers and shakers. i'm not going to talk to you on facebook, i'm going to look at other social media companies today. all of these have had very different performances post ipo. you've got today for example, zynga down nearly 3%. groupon is sharply higher and linkedin as well. they are not following what facebook is doing. take a look at a

mandy drury is here with what's moving your money. so they go public friday.nzy. >> the new ipo price range, chris, is 34 to 38 a share as opposed to the previous range of 28 to 35 a share. but you know what, here are a few little sobering factoids for you. a facebook poll shows 50% of respondents felt facebook was a passing fad. as to whether it was a good investment, only fwup% said yes. 50% said the company is overvalued. the problem is always moneyization. the ads are part of the way that they make money. as for mark zuckerberg's ability to run a public facebook, only 18%. word is facebook plans to stop taking orders today for its ipo, possibly, you know, that would be two days ahead of schedule as they're swamped with all the orders that are coming in. >> so the clock is ticking. meantime if you have to make that phone call to put in your order, i guess there's a new survey on cell phone service that's not so great. >> right. according to the american customer satisfaction index, customers were generally less satisfied with their major domestic wireless c

cnbc's mandy drury is here now with what's moving your money and details of a new study as well.keaway here? >> researchers at washington university in st. louis have found that people who live more than ten miles from their work are more likely to have high blood pressure than people with shorter commutes. and if you commute more than 15 miles each way, you're much more likely to be obese. basically it's kind of intuitive. you're not finding enough time for daily activity. also a 2011 study, craig, by swedish researchers found that people who had long commutes were more likely to divorce, to experience neck pain and also loneliness. >> so pretty much staying in your car for long period of times is bad for you. >> yes, bottom line. >> maybe this will reduce stress for folks. gas prices down for the fifth weekend in a row. >> that's the good news. the current average for a gallon of regular is $3.76. gasoline prices falling for the fifth consecutive week as fears have kind of eased. a month ago, sitting at $3.93 when all the fears about $4 and even $5 were rife. a year ago, we wer

mandy, great to see you again.. >> thank you. >>> tonight, speaking of lots of cash, one of the world's most recognizable works of art goes up for auction. one of four versions of edward mumpk's "the scream" could sell for $80 million or more at sotheby's. it is the only privately owned version of the painting and the $80 million price tag not surprisingly would make it among the highest ever for a piece of art. [ male announcer ] this is lois. the day starts with arthritis pain... a load of new listings... and two pills. after a morning of walk-ups, it's back to more pain, back to more pills. the evening showings bring more pain and more pills. sealing the deal... when, hang on... her doctor recommended aleve. it can relieve pain all day with fewer pills than tylenol. this is lois... who chose two aleve and fewer pills for a day free of pain. and get the all day pain relief of aleve in liquid gels. highway maintenance is underfunded, costing drivers $67 billion a year, and countless tires. which drivers never actu

let's go over to mandy drury. >> okay. thanks very much, brian.treet signs" at the top of the hour, we are also going to be all over facebook. the stock is actually up on a generally down day. so the question here is has it bottomed? should you buy? we're going to ask a leading analyst making a very bold call. and with the market down, we debate hopium versus eurosis. should a recovering u.s. economy be driving your money? and we're talking dell with friend of the show abigail doolittle. it was her pick in the cnbc stock drive. find out if she is standing by her call. now it's back to sue and tyler on "power lunch." >> thanks, mandy, very much. i'll take it. i'm looking up at the board at the up volume and down volume. the down volume is slomping the up volume. albeit we're still down 132 points. that is significantly off the lows of the trading session. on the s&p and the nasdaq we're at interesting technical levels. the nasdaq is down 22.64 on the trading session. that's better than it was earlier on. it's down about .75%. watch the 1300-mark on

tyler, over to you. >> mandy, thanks very much. now we switch.e ask what are the rich doing with their money. a new study finds that the one-percenters are saving more than a third of their income. robert frank is cnbc's new wealth editor. welcome. and welcome back to cnbc. >> thank you. great to be here. >> good to have you come over to this side of the game. >> i'm excited. >> so the wealthy superrich are not investing in equities the way they might have in the past. what's the implication of that? >> well, this survey found two things. the first is that the wealthy are hoarding cash. so their savings rate compared to 2007 has almost tripled. in addition to that, they're putting 50% less of that savings into stocks. so this is bad news for the stock market. >> bad news for the stock market. and obviously makes it more difficult for companies to raise capital. >> that's right. >> so if they're not putting their money there, where are they investing their money? >> well, the wealthy around the world, not just in the u.s., they want safe stores of

man >>> mandy, the latest crime in america. texting while walking. can we really legislate away stupidity? >> what will be next? breathing and walking? >>> a back and forth day for stocks today with the news out of greece putting a slight damper on investors' spirits. the dow trying to avoid a ninth loss in ten sessions. of course we've been just in negative territory a moment ago sitting just flat with an upside bias as we speak. techs and financials providing the biggest boost for the s&p 500. though it is right near the break even line as well right now. as for the nasdaq, 2012's best performer among the major averagers outperforming the dow and s&p 500 today as well. to the floor of the nyse. bob pisani is down there. i know you want to talk housing. i love housing as well. we will get to housing. in the meantime what's been pushing us into negative territory, in and out over the course of the day? >> energy. energy stocks and materials. oil on the downside. even though nat gas is performing a little better today. energy stocks again sitting near