>> reporter: yeah, you know, it's very interesting, mandy.parel retailers presenting here, the ceos of cheesecake factory and ruth's hospitality group are also speaking to investors, and there's a lot of interest. we all know that dining out is one of the first discretionary spending categories that gets cut when conditions get a little tough, and we've seen it in the numbers. traffic fell 3.3% over the last six years, but npd actually predicts that this restaurant traffic is going to pick up over the next decade, up over 4%, actually gaining diners out. particularly that supper diner. now npd also suggests that after time consumers start to see discounted pricing as the new normal, restaurant names that don't do this could be at an advantage, and if you couple that with an improving stock market, a better housing market and better unemployment for those at the high end, names like cheese kaik factory, ruth hospitality and del fresco's do stand to see gains. 2013, cheesecake factory up 26% and del frisco up 27% and ruth's hospitality shares u

but here's the key, mandy. like in the early '90s when george zoros and the bank of england were going at it, the in flexion point was when it was perceived there was more money to be made, challenging the bank of england and going along with them. many traders think we've reached that fulcrum, that pivotal point with the fed. don't fight the fed, that used to be the mantra. many believe it might be more profitable to challenge the fed, and that's where you got to watch. >> rick, i don't want to steal the thunder of what's coming up here after the first break, but i dug through some old fmc reports, and i may be able to make a case historically that the fed is the perfect in verse indicator that when they think things are bad, you should buy, and when they think things are good, you might want to sell. >> yeah, i can't debate you on the fundamentals of things like their forecasts, but i think their actions in that regard are inversely correlated, so i would tend to agree with you. >> all right, rick santelli, t

mandy and brian, this isn't going to happen. the federal reserve said any dramatic rise in interest rates that might choke off an economic recovery is going to be met with more qe. they will stop this from happening if it gets anywhere close to that, so i just don't see it. >> what does it say about the united states of america that 4% on a mortgage is now considered a bad thing, 6% was a gold mine a number of years ago? this is our addiction to easy credit. >> i completely agree. just dealing with the facts. when i was the real estate reporter in 1993, we were at 8% and 9% mortgage rates, but my point is if you think any time within the next month, some people think within the next month or so, it's going to go to 6%, my point is the september meeting for the fed, you'll hear a statement of them acting aggressively. >> very quick question because i'm sure you've been asking people down here on the floor, as we're seeing some of the housing-related stocks get hurt on the back of that. are they saying it's a buying opportunity? >

>> very, very good point, mandy. and i'll tell you that's why i think being in the equity markets, being exposed to the domestic u.s. equity markets, is still a good place to be long term. however, i would argue that volatility will remain, and that you need to identify in a trusted adviser to help you navigate your way through, i think, a very -- a continued volatile economic marketplace here in the united states. >> what do you say, michael? >> i was just in china last week. and when you actually talk to chinese officials, when you talk to people on the ground in china, you are absolutely right, mandy. they're trying to get their money out of china. they know there are other opportunities. that's why singapore's economy is doing so well. you have to really understand that the chinese are all about returns. that's why they're in africa. that's why they're moving to other countries. if the chinese are so concerned, then i think we should be concerned. the chinese government is shifting now from infrastructure to more

mandy? >> thanks very much, seema. >>> forget about the summer swoon, let's talk about the june swoon. we current numbers. june traditionally the worst month of the year for the dow. in fact, over the past 20 years, dow stocks have fallen on average 7.6%, more than august, more than september. joining us now to dig into this and everything else going on, david lutz and jack ablin and herb greenberg is here. jack, i have to begin with you because you called our attention to some data that you and your excellent team at bmo crunched which is absolutely mind-boggling. you hear the sell in may may go away and we're thinking it's some old wife's tale and your data proves that it's not only accurate but stunningly accurate. >> may through october, november through april, and we ran two parallel portfolios back to 1900, and can you see essentially the entire return of the market can be explained, especially since 1958 when these two portfolios diverge in value, can be explained in the november to a

>> of course, mandy, there is always that chance.at came out in the last week suggested that corzine had not been given a chance to settle with the cftc. that's not clear. what is clear is the cftc has taken a very tough stance on him, and hathey're getting toug on folks who abuse customer money. i'm sure there will be a chance to settle before the jury finds a result, so we'll see how it plays out. of course, corzine is someone who has very sophisticated defense lawyers. we expect to be hearing a statement from them shortly as to how they're going to handle this. >> kate, thank you very much. meantime, continuing breaking news that we've been following since the beginning of the program, really since the beginning of the month of june. gold's continued drop is now back below $1200 an ounce. let's bring in frank mcgee of alliance international. somebody says, yeah, they've been wronged. is there a bottom? >> that's really the problem. you've had a lot of people attempting to hit and pick bottoms. it's sort of like catching a falling

i don't want to send it to "closing bell" too early, do i, mandy?closing bell" more time? just going to milk the show for everything i can. eight, seven, six -- dow up 163 points. at session highs. remember monday when the world was ending? suddenly, what's the street sign's motto? everything's fine. mandy and bill up next. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this

more now on the developing story that mandy and bob were just talking about. the fbi says the nsa program has thwarted a plot to bomb the new york stock exchange. eamon javers, what do we know? >> reporter: this revelation came up on capitol hill this morning as intelligence officials were talking to the intelligence committee here on capitol hill and explaining why these nsa surveillance programs were necessary, legal and useful in thwarting up to what they said were 50 terrorist attacks, one of which was what they called a nascent attempt to bomb the new york stock exchange. let's play this exchange in which they detailed exactly how serious a threat this was, and i'll come back with more detail on the other side of this sound bite. >> would you say that that -- that their intention to blow up the new york stock exchange was a serious plot, or is this something that they kind of dreamed about, you know, talking among their buddies? >> i think the jury considered it serious since they were all convicted. >> okay. >> since this morning, we've been looking thro

let me check apple very quickly, mandy, because this may be the first time that apple has closed below $400 a share since april 22nd. so it disnd not participate. yes, $398. bulls make it 2 for 2 on the upside. josh lipton, another day on wall street to cheer. >> yeah, another day of green. the dow up triple digits. traders talking about two themes down here. one, the gdp print of 1.8%, perhaps more evidence that the fed tapering won't happen anytime soon. also, they're saying, it's not our central bankers, it's policymakers around the world, from china to europe, issuing calming words. the blue chips wrapping up 150. if you look at what worked in the benchmark gauge, really a mixed session. healthcare, consumer discretionary, utilities, industrials. so a mix there of defensive and cyclical or economically sensitive sectors. also, talk about commodity funds today. certainly gold finishing at a three-year low. the gdx, gold miners, down 50% in the past 12 months. silver miners, copper miners, and steel. the gold miners, specifically, abx, gfi, nem, and kgc, some of the names on our rada

this is state assemblywoman mandy wright speaking on the assembly floor in the middle of a big policy fight. watch this. >> this is a story that my constituents don't know. this is a story that my students don't know. this is a story that most of my friends don't know, and that story starts when i was a kid. >> when you hear this story in context, you will not soon forget it and that is next. it's amazing. stay tuned. this day calls you.

will we run out of corn, mandy?ry gulke says there's absolutely no chance of that happening. >> want to grab on this subject before you go. remember when we were kind of drowning in cupcakes, mega cupcakes and mini cupcakes and cupcakes in all different sizes and colors, is the fro-yo boom as big out west as it is out here? >> there's more frozenio durt places than medical marijuana outlets. there's a cycle. 25 years ago, anybody remember penguins frozen yogurt, big then and disappeared and now they are everywhere. >> the ceo and founder of 16 handles on later on in this show so stick around and find out whether or not he thinks the boom is going to stay with us. thanks a lot for that, jane. >>> still ahead, the hot latte in street talk and blackberry's worst day in more than a decade. down 26% today alone. wait until you hear how far that stock has fallen since its record high and is google the king of innovation or are they spreading themselves just too thin these days? "street signs" back in two. te o. you get to

this is state assemblywoman mandy wright speaking on the assembly floor in the middle of a big policy fight. watch this. >> this is a story that my constituents don't know. this is a story that my students don't know. this is a story that most of my friends don't know. and that story starts when i'm a kid. >> when you hear this story in context, you will not soon forget it and that is next. it's amazing. stay tuned. >>> last week republicans in wisconsin passed a mandatory [ female announcer ] are you sensitive to dairy? then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love.

>> hi, mandy.ting that the irs has put two senior staffers on administrative leave for accepting free food in violation of irs regulations. nbc news reporting that the irs has informed multiple congressional staffers that two senior members of the team now in charge of implementing the affordable care act have been removed from their positions. the alleged violations occurred in 2010, nbc is reporting, at a conference where the two irs officials accepted $1,100 in free food and, quote, other items. so the news here, mandy, two now placed on administrative leave for accepting about $1,000 worth of free food. and that violates irs regulations. and of course, this comes in the wake of reports that the irs had been engaged in the excessive spending at a conference in anaheim, california, in which irs sent thousands of employees out to california, staying in hotels and running up huge bills. that's been very controversial up on capitol hill. mandy? >> it's going from bad to worse. thank you very much fo

mandy? >> indeed, continuing to cover that story. meantime, let me fill you in on what's been happening for the markets, a real wide ride. we erased the triple-digit losses after being down 152 points at this point, moving back down now. we're down again by triple digits. the s&p nonetheless is on pace to register gains for both the first quarter and the second quarter for the first time, folks, since 2007. that is not true for the dow, but it certainly is true for the s&p 500. let's get down to our market reporter bob pisani at the nyse and rick santelli in chicago. obviously, bob, before i get on to what's happening in the stock market here in the united states, we've been watching the violence erupting out there in taksim square in turkey. is there any kind of jitters in terms of what is happening there at emerging market and what kind of impact it might have here on our developed market? >> well, certainly, turkey is being watched, but i have to say in a broader sense it's what's going on with interest rates and now late in the a

it came in at a five-year high, mandy. like you say often, got to sometimes get out of new york and find out how people are really feeling across america, and it's clear, and make rick will be right down the road, but at least right now people are feeling better. >> that's excellent. let's start off with the optimistic housing data. diana olick is here to break it all down for us. diana? >> reporter: numbers are all defying expectations, but i'm hearing that word again a lot that i used to hear in 2006. unsustainable starting with the builders, who are doing better but frankly should be building more given the red hot demand. contracts to buy newly built homes rose over 2% month over month to a seasonally adjusted annual rate of 476k. that's up 29% from a year ago. still, with housing demand at around 1.3 million, the builders could do more. builders were able to raise prices up 10% from a year ago, despite rising rates, but, remember, rates didn't really spike until the end of may. now, to home prices. the latest reading

>> well, mandy, thanks so much. for an event that sold out in some 71 seconds, it's been fairly light on stock and market-moving news to this point. the better part of the first hour was spent on updates to the mac operating system. that's to be called mavericks and some of the features that you'll be able to use on the mac that previously you were only able to access on the ios operating system. that, of course, the operating system for the iphone and the ipad. a couple of those things, ibooks, again, going over to the mac, push notifications. the interesting thing is as they spend so much time focusing on moving things from the ios to the mac os, you wonder how the developers inside the building behind me feel about all of this. they make their trade really on developing applications for the mobile devices, the iphone and the ipad. i can also tell you an interesting note, phil shiller, the senior vice president for marketing for apple is on the stage right now. he's talking about the updates to the mac book air an

nbc's mandy clark is live in rome with more on that. reporter: today fellow actors honored james gandolfini at the sicilian film festival he was due to attend as a guest of honor. he was in italy to attend the taormina film festival. he was meant to give an acting master class to fans. instead, organizers displayed a montage of his film and tv work as a tribute to his career. >> you want to spend everything i make. >> reporter: he died suddenly on wednesday after collapsing in his hotel room. his son michael alerted staff. paramedics rushed him to hospital. but doctors could not revive him. the actor was just 51 years old. speculation was growing about what killed him. yesterday, a family friend announced the findings of the autopsy. >> we received the results of the autopsy. which stated he died of a heart attack of natural causes. the autopsy further states that nothing else was found in his system. >> reporter: gandolfini was best known as the mafia boss tony soprano, to make a mobster not seem like a monster was what mattered to fan

mandy, what's the latest?british police are hoping to follow up on major leads, from a case review that uncovered 20 possible suspects and dozens of new clues. after six years of anguish, wondering and waiting for news of their little girl, there's fresh hope for kate and jerry mccann. nbc news has learned that funding for a full investigation has been approved to allow british detectives to pursue new leads in the madelaine case. they examined all the evidence. >> the metropolitan police have actually been looking into the portuguese investigation for a number of years now. and have come up with some leads, some suspects they don't think were investigated properly. >> reporter: mad elaine disappeared in 2007 on a family holiday to portugal. she went missing from the holiday apartment, while her parents ate at a nearby restaurant. despite a desperate search, an intense media coverage, there were few clues on where she was or who had taken her. madelaine would be 10 years old now. they were encouraged by the ne

thank you broth very much. >>> let's send it over to josh for a quick market flash. >> mandy, market the worst the energy sector. the reed finers getting hit hard. analystings saying the commodity action today would normally be support i have of the refiners, other chalk it up to profit-taking and remind us these a high beta space, the refineser sell off worse, brian, bulk to you. >>> on deck, what happens when an automaker refuseses to issue a recall. we'll have a shocking story about that coming up. >>> later on crashing in on cracked and smashed iphone screens. just wait until you hear how much apple makes off your butterfingers. financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. ♪ even if it's so wrong ♪ i wanna scream out loud ♪ boy, but i just bite my tongue ♪ ♪ this one's for the girls messin' with boys ♪ ♪ like he's the melody and she's background noise ♪ [ volume decreases ] thanks

mandy drury is here with what's moving your monday. mandy, good morning.d of relenting. >> yep. >> but they reached an agreement to scale back the recall. >> you're absolutely right on that, chris. chrysler didn't want to give into the federal regulators but they have agreed to recall some older model jeeps with fuel tanks that could rupture and cause fires in rear end collisions. the agreement also, chris, allows chrysler to avoid possible public hearings with witnesses provide iing details deadly crashes and they didn't want to do it so they reached an eleventh hour deal. the deal only covers 1.56 million of the 2.7 million jeeps that the government wanted repaired. chrysler does, however, say the others are safe. >> and there's some questions about the future of the fed chair, ben bernanke, after president obama's interview with charlie rose. i want to play a little clip of that. >> ben bernanke has done an outstanding job. ben bernanke's a little bit like robert mueller, the head of the fbi, where he's already stayed a lot longer than he wanted or he w

i'm joined by mandy drury and brian sullivan.e're calling it a little baste street signs takeover. i am told we still have majority position but that we're giving out minori itity shares. >> two-thirds is a quorum. >> i heard about that. >> all in favor of renaming the show "street signs morning edition" raise your hand. >> come on, guests, do what's best. >> oh, you've got the voting shares. we're the b class. >> thank you. nk that's how it comes out. i see how you roll, sorkin. >> thank you. three guest hosts, michael santoli, bob bruska and rebecca. let's talk about some of the headlines. there is heavy security this morning in moscow's airport today. national security agency leaker edward snowden, he's there. there is speculation he's planning to fly to havana en route to ecuador. the government of ecuador has confirmed it is considering an asylum application for snowden. he faces american espionage charges now after he admitted to revealing classified documents. i got to say, this is -- i feel like, a, we've screwed this up

the sentiment has changed on gold completely, mandy.d earlier in the show. $19 billion pulled out of commodity funds over the last month. a lot of that has been in gold. trader sentiment has changed. we're going to sell rallies in gold rather than buy any dips. so the fear trade isn't on anymore and that's one of the main reasons why. >> you make an excellent point that basically what used to work for gold just isn't really working right now. so, jim, looking at the xharts here from a technical perspective, how low could 2k3w0e8d go? >> my first stop is going to be 1338. potentially as low as 1325 in the near term. certainly it could be a bigger move but i'm looking at it in terms of a trader. gold had every reason to rally today when the yen rallied and it chose not to. to me -- to call it a head scratcher is an understatement. maybe you can say what happened in japan is somewhat risk often but that shouldn't work for gold. the precipitous decline in the yen is what caused the decline in gold. the opposite should have happened and it d

. >> mandy is off today and so apparently was the risk trade. the yield all over the place. even the dollar is singeing. all of this happening right now. let's get right to the trading floor. >> now well off session. traders talking about a couple things. issues about the trade unwinding. also as you mentioned, the big jobs report so far. trader describe this to me as a technical bounce. most of the business outside. open 1160 and shot higher. back to you. >> you know, we have been seeing yields climb and climb and climb. >> two points. over the last several weeks we have had this conversation. what about interest rates. is the secular bull market over? i always go with the qualifier that there is only one hedge against a stock market or deleveraging. today as much as it is important to realize we touched briefly under 2% huge derivative orders, it really is the side show. the treasuries are the side show. i'm not bumping into anybody who is consciously saying i'm deleveraging today and going back to treasuries. they are benefitting to be sure. but boy, no matter where you l

i think it was what we expected, mandy. we'll learn for ten minutes, of course, but the tapering fear was always a result of ben bernanke's language in the last press conference where he, you know, spoke to the next few meetings perhaps if there was a substantial improvement in the labor market. ten minutes ago steve talked about what that level might be. is it 7.25%, which is the forecast of the fed, you know, at year end? you know, perhaps it is, but, you know, i think what the headline should be at this, you know, particular announcement is that tapering has been deferred. certainly, you know, it's not the next few meetings. we're already one meeting into that, you know, type of playing out so, you know, perhaps by the end of the year, but certainly not in the next few meetings in mid-summer. >> was that the right decision? >> i think so. you know, we've had some disagreement with some of the negative aspects of quantitative easing, by think what the fed has tried to do with these hints, you know, that it can't go on for

i'm joined by mandy drury, amy woo, nathan bacharach, and rob lutz. thanks, everybody, for joining us. really appreciate that. amy, i want to kick this off with you. what did you see today on the desk? how convincing was the sell-off to you and do you think there's more to it? >> well, maria, i think if you look at the options market, it would say there's probably more to it. we've seen fears on the option market side, bearish sentiment, rising for the last week, week and a half. you've seen volatility increase across the board, across term structures, across different und underliars. so with that perspective, i would say that probably, there's more fears and more downside to come potentially, looking at the options market. >> and so, in other words, what would you feel in terms of the further selling? how big of a sell-off or correction are you expecting? >> well, if you look at the weeklies, maria, so if an investor wanted to own just for the june 7th payroll number, it's about a percent and a half break-even. so investors who would own that will se

. >> i'm mandy drury and this is "the power pitch."nders have 60 seconds to make their pitch and then the panelists dig into the business model giving you inside access into the world of startups. are we looking at face behind the next big social network? elan zachary and his startup rap genius. it would change the way people buy, sell and measure tv ads. in the spare time he practices hypnotherapy and, of course, listens to rap music. elan's got 60 seconds, so can he deliver a multi-million dollar power pitch? let's take a listen. >> hi. my name is elan, the founder of rap genius. a shout-out to all the people in the rap genius community. it's a website where you can read interesting annotations on rap lyrics. click on a loin and get a pop-up explanation of what it means or you write an explanation yourself. all the millions of annotations on the source are proud source like wick piedia. a lot of our top contributors are actually famous artists. the result of this is we're redefining what a song, is mp 3, a stream, all that have a com

mandy? >> indeed it will. welcome, everybody. we have an all-star panel lined up for you today.l gross, jpmorg jpmorgan's david kelly and diane swonk and our very own steve liesmanch we'll hear from all of them in just a moment's time but here is where the markets are standing just minutes ahead of that big fed decision. the dow is off by 17 points. the nasdaq is down by 7, and the s&p is down by 1.5 points. well, joining us now is diane swonk, chief economist and managing director at merzio finance and david kelly with jpmorgan funds. great to have you with us here today. ladies first on "street signs." diane, what are you expecting today? >> well, i'm expecting the fed to keep its purchase program at 85 billion per month for now. the u.s. economy has slowed since the beginning of the year, and i think they will acknowledge that in their forecast and also the sequester and fiscal drag will be a focus of what ben bernanke highlights when he talks about the forecast later on. >> what about you, david, do you think there's anything that potentially market-moving today? >> well, i

mandy drury is here with what's moving your money. announced a new round of significant price hike. >> you're absolutely right. it comes just two weeks after universal orlando broke that $90 threshold for the single day tickets. now you have disney admission increasing to $95. a little less if you're ages 3 to 9. nonetheless, single-day admission to other florida park, you have epcott, hollywood kingdom. slightly lower, but still a good whack. imagine taking the whole family out. here's the good thing. while other companies were laying off people and cutting back investment during the tough times, disney was pour manager billi -- pouring billions of dollars into their parks. now the investments are paying off. parks are busting at the seams. it's not even summer yet. they must be doing something right. >> cnbc's mandy drury. get ready for the debate. the list of the 101 best-written tv shows of all time is out. number five, "mash." "all in the family" fourth. number three, "the twilight zone." "seinfeld" the runner up. the best writte

we're joined now by our very own mandy drury, stephanie link from the street, and rob morgan. stephanie, your thoughts here? >> i think volatility is here to stay, unfortunately. because we don't get a lot of data companywise until alcoa reports, which is on the 8th of july. >> you've already pinpointed the alcoa date. >> the start of earnings. that's number one. number two, we have a lot of uncertainties, right? we have currencies, the emerging markets. we have japan. and we also have the u.s. and whether or not they're going to taper. i don't think you're going to see taper anytime soon. because i just don't think the u.s. economic data points support it. i think we're growing at about 2%. i like the u.s. markets. i like the economy. i think it is gradually going to recover this year. but the volatility is here to stay. you have to pick your points. and where i would be buying are areas that benefit from the backup in the yield curve, financials, industrials. >> nathan, background. jpmorgan once famously asked, where the mark was going, "it will fluctuate." is that your mess

mandy drury is here with what's moving your money.m crime they are morning who says it is not time to panic. so is wall street taking a breath this morning saying things aren't so bad? >> i have just been watching the tape here and obviously it's a little bit volatile. we are back to where it just turned negative for the three indices, but compared to what we have seen the past couple of days, chris, i guess you can say we are somewhat stabilizing. in fact, we had the biggest drop of the year yesterday. if you add up the losses from wednesday and thursday, the dow has lost over 500 points. that really wiped out all those gains that we saw this both may and june. the market is worried the safety blanket will be taken away by the fed. it does look like the fed will scale back the massive bond-buying program later this year if the economy continues to improve. so in light of that, the thing we really need to watch here, chris, is treasury yields. the fed has kept those yields low. that's kept borrowing cheep for us, the consumer, and als

this is state assemblywoman mandy wright speaking on the assembly floor in the middle of a big policy. watch this. >> this is a story that my constituents don't know. this is a story that my students don't know. this is a story that most of my friends don't know, and that story starts when i was a kid. >> when you hear this story in context, you will not soon forget it and that is next. it's amazing. stay tuned. this day calls you. to fight chronic osteoarthritis pain. to fight chronic low back pain. to take action. to take the next step. today, you will know you did something for your pain. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. anti-depressants can increase these in children, teens, and young adults. cymbalta is not for children under 18. people taking maois, linezolid or thioridazine or with uncontrolled glaucoma should not take cymbalta.

>>mandy, ihe made the mistake of singing the word brandy on the album. >> look at these temperatures.ht now in chicago is 85 degrees we could perhaps even 90 or to in parts of the area. we're keeping a close watch on the radar. so far nothing has developed. it is possible that we could escape the. the bar in time, 17 minutes at 1:00. clothes expected in the area. take a look at this forecast. it shows the falloff in temperatures for tomorrow and wednesday. we are back above 80 as we move across the evening. notice we have an increase in clouds on friday. we should get to 90 on saturday. the upper air temperature is very warm. we'll have to see. there goes the have to see. there goes the forecast. ♪ every time i see you smile, it's a miracle ♪ ♪ your laughter makes my life worthwhile ♪ ♪ it sets my heart free ♪ and i can't believe ♪ someone like you loves someone like me ♪

cnbc's mandy drury here with what's moving your money. what's going on? >> it's really quite messy out there, chris. last week was quite a lot of carnage as well. the s&p 500, the more broader index, had its worst weekly loss in a couple months and the highs we've reached back like may 21st we're down about 6% on the dow, 6% on the s&p 500 as well. you know, obviously lots of things going on you've got on one hand the federal reserve saying the economy is getting better, more optimistic. the market is looking at that as a negative thing because all that stimulus pumping into the market is going to be taken away and they'll start reducing some of those bond buying purchases later on this year according to whatever happens in the economy. and on the other hand you've got a lot of concern about what's happening in china as well, chris. i think that's front and center this morning. you had shanghai really tanking. shanghai market really tanking. particularly the banks are being hammered here because of a credit crunch that's going on. i want to put in perspec

serene nap williams easily advanced over mandy manila.p seed jokevich also advanced by winning in three straight sets to the florrian mayor. get this over 8 million viewers tuned in to watch the chicago blackhawks win the stanley cup monday night right here on nbc. were you one of them? >> no. >> me neither. that is almost two-thirds more viewers than last year's final game and the 2013 finals series was actually seen by the most viewers since records started being kept back in 1994. so quite a win. >> you know, dylan was not happy we brought up that game because her boston bruins, right, lost. >> so mara is happy. dylan is not. >> we can't always win. >> coming up, we'll all be here together. betty will be back and dylan joins us for first buzz. all the stories we're talking about today. [ female announcer ] the best thing about this bar it's not a candy bar. 130 calories 7 grams of protein the new fiber one caramel nut protein bar. there was this and this. she got a parking ticket... ♪ and she forgot to pay her credit card bill on time.

womens #1 seed serena williams stretched her winning streak to 32 matches with a 6-1, 6-3 win over mandyluxembourg mens #1 seed novak djokovic beat germany's florian mayer, 6-3, 7-5, 6-4 in his 1st round match >> gary: the big deal, soccer! there are more to get 50,000 packed into the stadium measured it through they drew 54 david beckham. >> he was one of the guys that you may be biggest physical with but a world- class player. he played a high level all over the world, so sometimes you have to take it there was built the two core players. so sometimes you have to take it there with those particular players. >> it was a great to play against him and i am happy that i do not have to play against him anymore. >> i think that game had a lot of the motion, we were going back and forth and he showed it. we were happy to see him that a great and aggravated. that meant we were doing our jobs. >> gary: coming back in a moment >> gary: today it was made official. doc rivers is the new coach of the los angeles clippers. choosing to leave the boston celtics after 10 seasons. >> gary: oakland nativ

. >> mandy, we will see you, too. thank you. the u.s.t drug companies are pushing to speed up approval of new drugs to combat new super bugs. in part because anti-biotics have not been profit makers. >> a new and deadly virus is now spreading to europe. italy confirming three new cases of middle east core ro corona v. world health organization has been notified of at least 50 cases, 30 of which were fatal. sue? >> let's recap the headlines. heinz says it has received all regulatory approvals. the price tag on that deal was $23 billion. earlier shareholders approved the deal. calling its this is what it's like working for the we will talk about the fall-out coming up next. oh this is lame, investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they don't have hidden fees... hey fern. the junk drawer? why would they... is that my

pushing mandy to the brink general match point. improving a career record here to 68 and 8. and afterwards asked about her and surea pof why's relationship. >> really? no it hasn't been a distraction i'm just here to focus on the tennis just here to play wimbledon. and so this is what is important. >> for the men not much to cheer about for mayor except on the first set. then finish was an overhead slam but will lose the slam. >> weather a's getting their feel of the national league central. always good to see former giants manager back in the bay area, two and a half games back. so nursing injuries so oakland called up 28-year-old catcher stevens boat. >>> all right. michael kikam had a day we can forget giving up four runs and two and a third innings in may against oakland. and i like both a's and giants tonight at 9:00 and 11:00 on abc 7 news. >> nba coaching updates boston agreed to trade their head coach to the clippers for a few tour first round pick. rivers won with celtics but didn't want to stick around as they rebuild. and brian shaw after a dozen interviews for he

. >> brian and mandy, great to be with you guys today. thank you for having me on your show.ctly as well as the name of my great grandfather. >> muchos gracias, amigo. not a problem. >> the opportunities in the cannabis industry are absolutely gargantuan. as a current black market, gray market sector, most of it's in the black and gray market. very little of it is completely thoroughly legal. given the fact that it's still illegal according to the federal government. even under those dire circumstances of being such a black market and gray market economy, it's a $100 billion industry in the united states alone. now, once full legalization is happening, give it a few years for that, you'll be looking at closer to a $200 billion market just in the united states. worldwide somewhere north of half a trillion. it is a gargantuan market in search of a brand. >> you want separate brands. you want recreational use brands and medical use brands. but you need the money to make this all happen. where are you getting the money from and how much do you need? >> so we're getting the money

. >> mandy is off today and so apparently was the risk trade.

we'll have you all back again thanks so much thanks to my guests reed dickens marc lamont hill and mandy kroll what do you think of how the obama administration is handling the conflict in syria. join the conversation on my facebook or review of books at king's things using the hashtag. see you next time. you know sometimes you see a story and it's so you think you understand it and then you glimpse something else here sees some other part of it and realized everything. you don't. i'm tom hardy welcome to the big picture. leg. bla. i was a new alert animation scripts scare me a little. believe me. there is breaking news tonight and we are continuing to follow the breaking news. the alexander family cry tears of the war you and your great things rather than. read organic or a wall around. there's a story made for a movie is playing out in real life. los . little. little problem. to live on one hundred thirty three bucks a month for food i should try it because you know how bad the less bad luck i got so. i mean. i know that i've seen the really messed up. in the old series so personally a

pushing mandy to the brink general match point. improving a career record here to 68 and 8.asked about her and surea pof why's relationship. >> really? no it hasn't been a distraction i'm just here to focus on the tennis just here to play wimbledon. and so this is what is important. >> for the men not much to cheer about for mayor except on the first set. then finish was an overhead slam but will lose the slam. >> weather a's getting their feel of the national league central. always good to see former giants manager back in the bay area, two and a half games back. so nursing injuries so oakland called up 28-year-old catcher stevens boat. >>> all right. michael kikam had a day we can forget giving up four runs and two and a third innings in may against oakland. and i like both a's and giants tonight at 9:00 and 11:00 on abc 7 news. >> nba coaching updates boston agreed to trade their head coach to the clippers for a few tour first round pick. rivers won with celtics but didn't want to stick around as they rebuild. and brian shaw after a dozen interviews for head coaching jobs

>> mandy, i want to bring you three sort of totally head-spinning charts here from trading activity thatrt came out at precisely 8:30 this morning. now, these three charts were provided to us by the folks at nanex llc, an analysis firm. the first one, bond futures this morning ahead of 8:30. what you see there, that red line going straight up and down the middle of that page, that's 8:30 on the time line. and you see those dotted lines running down to the left, that's the move roughly about 500 milliseconds before 8:30, web see a sharp downward move there ahead of the news, and you see a circuit breaker put in place by the cme at that time, in order to halt trading, in order to allow markets a little breathing space. that's bond futures in the move before the tape at 8:30. move on to t-note futures and you see a similar move. this chart is on a different scale. we're still about a half a second, 500 milliseconds ahead of 8:30. the red line there on the right-hand side, that's your 8:30 line. but look at 8:29:59.519. what you see on the bottom is a big spike in volume and you can see the

. >> mandy tweets bad idea. use current laws to prosecute kids and parents. more laws. >> norm writes this should only be done if the parents refuse to acknowledge and deal with the problem. bullying behavior would have to be proven to a high degree. thank you so much to everyone who responded. isn't that funny? $114. that's an odd number. >> sort of a random fine but certainly hefty. >> maybe there's a reason. "fox & friends" starts right now. ♪ >> hey morning glory. it is tuesday, june 4. i'm anna kooiman in for gretchen carlson. congress wants answers from the i.r.s. but what kind of answers are these? >> what is your definition of accountable? >> that's a good question. to answer the question, again -- >> yes or no? >> more of the fallout ahead. >>steve: is his last name werfel or waffle? he admitted to killing soldiers while screaming allah akbar. not only is he still making a six-figure behind bars, now he's getting his own office and a big staff. we'll tell you why straight ahead. >> the bomb building and terror training may hurt

serena in the second round beat mandie to win her 32nd -- what is so funny about that. >> rice is a boston bruins fan. >> oh, yeah. >> good night. that is a huge fish. >>> okay. 19-year-old lucy millsack pulled in a 72-pound cat fish over the weekend. the largest ever. >> that's a keeper. >> ken. >> sorry. sorry. >> the largest ever in the okie noodling tournament in oklahoma. you guys know what that is? >> i'm afraid to ask. >> this is your poll -- pole. you stick your arm in the water and hope to pull out a fish. >> i have nothing to do with that last exchange. >> no. i lost control. see you at 11:00. ,,,,,,,, and our communities... america's beverage companies have created... a wide range of new choices. beverages... adding clear calorie labels so you know... exactly what you're choosing... and in schools, replacing full-calorie soft drinks... with lower-calorie options. with more choices and fewer calories... america's beverage companies are delivering. joey fatone: this is joey fatone. it's time to play "family feud." give it up for steve harvey! [captioning made possible by fremantle

mandy, on the good side of the economy, what a turn around for general motors, four years ago they wereptcy. >> it's a good story, in fact. gm has ruizen dramatically up the ranks in one of the auto industries respected measures of new vehicles. the gmc truck brand jumped to number two among all brands. in fact just behind porsche for the fewest new vehicle problems. chevrolet brand rose to number five. and other two planned cadillac and buick beat the industry average. so it's good news all around. >> gmc will cost you less than that porsche. >> yes. >> thank you so much. >> no problem. >>> the national trust is out with its annual list of sites. houston astro dome's was the nation's first doemd air conditioned stadium. it's a mess now. it could be demolished. the world port terminal at jfk airport symbolized america's entry into the jet age. the james river where america's first permanent english settlement was built threatened by proposed transmission loin project. the lighthouse built on martha's vineyard but erosion could send it toppling over the cliff. in arizona the mountain vie

ar mandy bouck spent a great day with the mariucci and the special campers. >> come on. jog back. good job. >> david, let's go. >> huh? huh? just cruising today? where did you get those pants? let's see you come out here. go! whoa. that's it. that's it. >> my team this year, right. >> these kids get exposed to many different sports, track, tennis, bocci ball. but they never had football. and boy, do they love football. these kids to have this camp in the summer just football, they absolutely love it. then you score a touch down. and then i want to see your best cabbage patch of your life. we need a good dance around here. let's go, mike. go, go. >> that's it. go. that's it. oh! >> this was for the young athlete with down's syndrome. i want our guys to learn because someone's different doesn't mean you ignore them. your life can be enhanced by getting to know someone like this, trust me. >> best thing about cj. >> the same mohawk, the same shoes. >> everything you do is pretty fun. i enjoy the drills. the quarterback drills. really make him feel like -- >> for them, this is a big d

tim, mandy, good to see you both. great insights as always. financials helping lead the mark the come back the last few days certainly. goldman sachs up solidly today. ceo lloyd blankfein. a good chunk of the business initiative goes to the city of new orleans. of course the financial industry goldman chairman and ceo lloyd blankfein along with new orleans mayor. so to the small business initiative in a moment. but first, lloyd, let me start by getting your take on what is going on in terms of the recent moves and federal reserve. do you think the market initially misunderstood what the fed is -- all of a sudden we have nervousness, then three days of rally or don't pay attention to the near term moves. >> the mark set big. and not homeogenius. bernanke said we will be data reflective but it is based on growth specifically then well ease ourselves, taper ourselves off of quantitative easing. he said potentially by the end of the year. not necessarily if the data doesn't support it. but otherwise -- and that's what he said. the market of course

." >> thank you very much, mandy.umber of people who signed contracts to buy homes jumped in may to the highest level in more than six years. this as prospective homeowners rush to buy before interest rates jump any further. contracts have risen 12% in the last six months. >> david bell is a realtor with re/max retro in beautiful seattle, washington. david, tell us about the market out in seattle right now. we're going to look at some figures first for the magnolia queen anne area in seattle. month's inventory about one month. 100 sold versus about 80 and the median price about $650,000. how would characterize the market in seattle, david? >> the market in seattle over the last year, since mid-2012, has definitely increased. it's gotten stronger. prices have risen, and inventories have shrunk, but inventories really haven't shrunk all that much in comparison with what we had in the past. >> tell us about our first choice home. it's a townhome, 5807 55th avenue. 439,950. three bedrooms, two and a quarter baths. tell us