here's cnbc's mandy drury with more. >> faded brand names in the week that was. hit for a picasso at auction, $179 million. they brought in nearly $3 billion in just a week of sales. one of the darlings is putting those numbers to same. the uber car service is raising funding that will value the money at $50 billion, which is bigger than fedex. >> aol's value lies in its knowledge of how to make money something advertising, especially on phones and other devices. radio shack is hitting record in other directions. the now bankrupt company has been sold off piece by piece. the latest chunk -- its brand name was auctioned off for $26 million. >> today the investigation continues into the deadly amtrak derailment in philadelphia. jesse gary is live with more details emerging. jesse? >> everyone is talking about the man at the control but now they're investigating incidents of at least three trains being hit by project jiels on the day of the crash. >> here's a live look outside. ilt going to be breezy warm and muggy. a live look outside. mostly cloudy this morning. w

melissa, back to you. >> thanks so much, mandy drury. big decline but the stock has been doing doesn'tly. >> not really. if you look since march this was a $48 stock in march. now it's closed to 40. now here we are with 34.5, 35. i think it's on its way to 32.5. maybe it gets interesting. came in 18 times forward earnings. i think that's a tad expensive for the name. quarter wasn't great. short interest will grow tomorrow. tomorrow could be your capitulation. anything north of 20 million shares around it prints 32.5, you buy it. >> i agree with that. i wouldn't jump out and buy it. i think it will settle out. you'll have a chance to get it at a fair price. >> you've seen the stock traded at two different ranges. 32 hits the levels. we're basically sideways on a year with a lot to prove and a bar that's pretty low now. >> urban outfitters the latest retailer to get hit. tomorrow the largest retailer, walmart. curiously enough walmart shares have not benefitted from the historic highs begging the question, why is that? senior managing dire

along with mandy drury, i'm tyler matheson tragedy sot tracks. a major commuter lifeline from washington to new york shut down after last night's fatal crash. this brings up a lot of questions. does the infrastructure need a major overhaul? >> the vote on du pont is in. the stinging defeat for nelson. we will take it one step further. what does it mean for the bigger picture for corporations and big investors who want to be heard? we also begin with the tragic amtrak train derailment in philadelphia. at least seven people are known to be dead and dozens are injured. our very own is in washington and has been watching what's been happening at the scene of the crash. what are you hearing that's the latest at this hour? >> mandy, as you say, authorities have increased the death count to seven. four of the dead were found in the train itself. you can see behind me they are clearing this whole area and to give you a sense of the speed this train was going, two of the people who were killed were found in the area behind me. they were clearing as we spe

i'm mandy drury, catch fast mon again tomorrow night at >>> my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts no --. hi i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends i'm trying to save you money. i'm trying to educate and teach and coach you, so call me at 1800-743-cnbc or tweet me @jimcramer. thanks for nothing, janet yellen. sheaf used frightening terms to describe the stocks today saying that valuations quote, generally are quite high end quote and that they represent quote potential dangers. yeah, i think her comments contributed to one more nasty session, dow plunging 86 points. nasdaq tumbling 0.40%. everyone is entitled to their opinion. that doesn't mean i think everyone should express that opinion especially when they run the federal reserve and the topic is stocks. why do i say that? as a grizzled veteran of the markets i know this can be unhelpful. i remember in december of 1996 when alan g

i'm mandy drury with brian sullivan am tiler is out on timeout today. >> high valuations and publs. is she right and should you be nervous. >> rates, oil, and maybe fewer job prospects. >> an invention that may spell the end of down drinks. >> a big story, janet yellin making comments in washington. most of those were on monetary policy. however, she surprised many in the markets by commenting on stocks. we have to get to sue herera with a news alert. one minute into the show and i have blown it. >> no you have not. absolutely not. we want to be reviewed by the "wall street journal." they filed preliminary criminal charges of a unit of jpmorgan chase and company for alleged complicity in tax fraud according to document that is the "wall street journal" reviewed. the fact that preliminary charges have been filed indicates in france that prosecutors suspect the bank of serious wrong-doing and they believe they have gathered enough evidence to launch a formal probe. now, what are they alleging? they are alleging that jpmorgan and a banking unit went into a series of transactions entere

i'm mandy drury, catch fast mon again tomorrow night at >>> my mission is simple -- to make you moneyplaying field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts no --. hi i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends i'm trying to save you money. i'm trying to educate and teach and coach you, so call me at 1800-743-cnbc or tweet me @jimcramer. thanks for nothing, janet yellen. sheaf used frightening terms to describe the stocks today saying that valuations quote,

along with mandy drury, the markets are jumping. you see the dow up about 1.5%.ove 5,000. and the s&p 500 up 1.33%. >> all after the jobs number grew 223,000. below estimates and kind of like what people are calling a not too hot and not too cold number. >> the key question being

along with mandy drury i'm tyler mathisen. dow is up about 1% right now as we look at the numbers. the s&p 500 up a little less than 1%, but the nasdaq composite up more than 1% at 5040 and change and the russell right there on the 1% line. >> with a full week average on jobless claims hitting a 15-year low. is this as good as it's going to get for hiring in the usa? i.e., have we hit a peak, ty? >> and have the impact of the bird flu is in our radar today. price of eggs, turkey, chicken mp

along with mandy drury, i'm tyler mathisen. the dow is up 10%.his day when the company meets shareholders, a large protest is taking place. what is wrong under the golden arches and how can it be fixed? >>> also as gasoline prices rise, what is it going to mean for the strength of the american consumer and consumer st

we welcome back mandy drury with trading nation. >> no rest for the wicked. did beat earnings estimates this morning. this after exxon, shell, and bp beat this their reports as well. is this the case of two low expectations or does it point to more upside for energy stocks. let's bring in the trading nation for answers. david seaburg is at cowen and dave, what did you take away from the earnings reports? >> i mean it's definitely a function of cost savings, but it's also street numbers came down so aggressively. the stocks got crush and numbers followed them down. the bar was definitely completely reset from that front. a lot of higher quality names and the majors as demand picks up and the price of oil moves higher. in the near term we could be seeing a little bit of a pause just given the action we saw yesterday. i say that only because you look at the heavy and shorted names, we notice that at the desk. the shorted names what were up the most yesterday outperformed the rest of the space. we saw the dollar weakened and oil obviously take off. there was a ma

along with mandy drury, the markets are jumping. you see the dow up about 1.5%. the nasdaq above 5,000. and the s&p 500 up 1.33%. >> all after the jobs number grew 223,000. below estimates and kind of like what people are calling a not too hot and not too cold number. >> the key question being is june off the table. when will we know? when when when? you can tell us. >> you can whitsper in my ear. a huge halle. the dow having their best one-day gain since march 30th. they had their best day since march 16th and a handful of points away from the all time closing high of 21.17. let's get more on the trading action. stationed at the nasdaq and first down to you, bob pisani on the floor where you can always hear the roar the boom out of the gate with stock this is morning. >> what they want is volume. we are not getting strong volume, but it's decent. let's take a look at the advance. 4-1 declining and nine of the ten are up more than 10%. that's broad. doesn't get bigger or broader than that. the push lower this week was led by the fears of higher interest rates. th

along with mandy drury, welcome to power lunch. more breaking news with david. david? >> thanks very much tyler. a great deal of noise with sales first.com given reports about potential talks involving the company or non-talks. we wanted to come back to people and given the sense as to what toopz. microsoft and sales force.com did have talks earlier this spring about a purchase of sales force by microsoft according to a number of people familiar with the situation. while the two did fail to reach a deal and have not reengaged, the talks advanced to a level of detail that indicates they were serious. they remain far apart on price. my sources told me microsoft was said to be willing to offer $55 billion while the founter said to have kept raising expectations and may have gotten as high as $70 billion. $55 billion still would have represented the largest deal of all time. they represent $95 billion in cash, but some discussion of allowing them to roll his 5.7% stake into microsoft stock. that would have been a part of the deal. they would have had a management role at l

. >>> let's get a check on wall street, where stocks are slightly lower mandy drury is here with the as well jose. you're right, home builders break ground in april we immediately saw bonds market reaction with the ten-year yield rising. that affects our borrowing costs and also an indication the fed is probably still in play with the rate hike later this year because remember, recently we've had a lot of disappointing economic reports and people were set to scale back expectations as to when the fed would come forward with the rate hike. as the stocks well, marking time, little bit negative. really, a little bit negative right now but we did see the dow join the s&p 500 yesterday in making that new record high. albeit on very low volume and that's the key here, jose, we need to see volume pick up in a much more meaningful way, you know, to give us confidence this rally is going to give us a breakout. that's what we're watching for. back to you. >> thanks, great to see you. >>> we're awaiting a press conference outside much waco, texas, this is the site of sunday's gun battle that in

mandy drury is here with the market run down. >> it has been going on for some time.is the hard wood flooring retailer being absolutely hammered. resigned unexpectedly and this comes less than a month after the cfo also resigned but the problem is it is all amid continued heat over allegations that the company sourced flooring laminates from china. it will start searching for permanent replacement but at this stage as we say the shares are absolutely tumbling. elsewhere the markets are higher right now. we saw weekly u.s. jobless claims rise more than expected in what has been a pretty patchy string of economic data. >> thank you so much. >>> up next a huge event kicks off today for 2016 gop hopefuls. we are live at the southern republican leadership conference. hundreds of pages of hillary clinton's personal e-mails revealed. new details on what is being exposed. largest ever protest at share holder meeting. the mix of protesters believed to be fast food workers not just from mcdonald's. fight to raise worker wages. more on this next. hey america, still not sure whet

along with mandy drury i'm tyler mathisen. the dow is up about 1% right now as we look at the numbers. the s&p 500 up a little less than 1%, but the nasdaq composite up more than 1% at 5040 and change and the russell right there on the 1% line. >> with a full week average on jobless claims hitting a 15-year low. is this as good as it's going to get for hiring in the usa? i.e., have we hit a peak ty? >> and have the impact of the bird flu is in our radar today. price of eggs turkey chicken jumping. wait until you see what's happening on the ground in iowa. >>> meanwhile, though we begin with the markets and those 1% gains or thereabouts. let's get the trading action. bob is live at the new york stock exchange, bertha coombs following the movers at nasdaq. bob, you go first. another big story on the floor today is avon. what's going on with that one? >> we just had a wild morning here. this post was filled with almost 100 traders. they have halted three times on what's called a volatility halt. that is for unusual trading action

mandy drury is here to tell us about it. >> absolutely good news from the weekly jobless claim department it's well within 100 points of a record high. if you are taking out pencils and wondering what the number to watch is for the dow's record closing high because it is the same 18,288 hit on march 2. what we are also seeing however, is after disappointing retail sales numbers that we got yesterday q 2 gdp estimates cut all over the place. goldman sachs reducing to 2.5%. so even though we got good numbers this morning other data points coming in are sketchy. one interesting point i will leave you on and that is facebook has now entered the minimum wage fight. it is implementing new standards on benefits for contractors and vendors here who will be required to pay workers at least $15 an hour with other requirements like at least 15 paid days off of vacation. one by one we are seeing big companies going down the minimum wage route and that is a good thing. >> thank you so much. >> coming up outrage in wisconsin over the case of tony robinson the unarmed teen shot and killed by a madison p

cnbc's mandy drury joins me. good morning. >> good morning, jose.ut even though the color is red, the losses are very small. as you said, we're kind of marking time here but the dow crossing its all-time high of 18,288 and at the time the biggest impact there on the index was coming from names like goldman sacs, home depot and apple. the s&p had a whopping seven closes this year, wu what we really want, jose, what we haven't had yet are the record closes followed by a major breakout and that's really proving tricky. a number of things you know extended evaluations, lackluster revenue growth, weak economic growth last week really highlighted that and this morning home builder sentiment unexpectedly fell, not great news right in the middle of the spring selling season but before i let you go gas prices here at the start of the week, another weekly increase. the national average is now -- >> what's going on, mandy? >> pegged to what's going on with crude. >> i know. >> we were a week ago $2.66 a gallon, now $2.71. gradually creeping up. creeps up on yo

cnbc's mandy drury is here with the morning rundown.ith the market. remember the volatility early on this year when the dow would move triple digits almost every day and at the moment we have moves like today where it's 0.1% in either direction. one thing i do want to talk about, obviously, it is memorial day weekend, jose and that is what's going on with gas prices. a lot of people are hitting the road this weekend and you will probably pay more at the pump, but that's not necessarily news to anyone right? the current national average is $2.74. a month ago it was $2.48. we've been creeping up but you are still saving compared to a year ago when you paid on average $3.65. and if you want more good news experts do say that gas prices should peak for 2015 at about maybe $2.75 per gallon in the next several days and then you could see some slight declines through summer. we hope that happens. obviously, that bars anything major happening like a hurricane or other disruptions, but we will wait and see. anyway hope you have a great weekend.

along with mandy drury, i'm tyler mathisen. the dow is up 10%. mcdonald's is down 3. >> well, on this day when the company meets shareholders a large protest is taking place. what is wrong under the golden arches and how can it be fixed? >>> also as gasoline prices rise, what is it going to mean for the strength of the american consumer and consumer stocks. in the last month gasoline futures are up 10%, consumer stap 'ems flattening out. >>> and two of china's richest men lost billions in just a few hours. we'll tell you who they are and how they did it. >>> but we start with a very rough trip for mcdonald's. protesters have hit the street outside of the company's shareholder meeting. they're protesting low wages. kate rodgers has been monitoring that meeting. the protests and the stock, which as we mentioned is trading down by about 0.8 of a percent today. kate. >> well today was ceo steve easterbrook's first shareholder meeting in oakbrook illinois where he acknowledged mcdonald's challenges and touted his turn-arounds. the biggest takeaway was

mandy drury joins us with the market rundown.felt you needed to be near me i felt i needed you there. >> where was my invitation? wow, i've never rung the bell closing or opening. good for you, that's fantastic, jose. talking of the markets, we have negative moves this morning. in fact, the nasdaq you were just, you know at yesterday, biggest loser out of all of them, but this is after two days of good upside in the market. so, you know a little bit of giveback sometimes is expected, but what is really sticking out here, our energy stocks. they are really outperforming the market. you've got oil, which moved back above $60 a barrel so this is a 2015 high we're looking at here and prices are also being pushed up of news saudi arabia have raised official selling prices to the u.s. and europe. it thinks demand in those regions is strong enough to support higher prices but the national average is now $2.63. one month ago we were $2.39, so we are creeping up again, but the good news is we're still not at the $3.67 of one year ago, rig