i'm mandy drury. you can catch "fast money" again 5:00 p.m.e bat time, same bat channel, and "mad money" with jim cramer starts right now. >>> 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 now. hey, i'm cramer! welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you some money. my job is not just to entertain you, but call you and teach you. so call me, or tweet me @jimcramer. darn it all. this market's bad setup. i've been so fretting and worried about. played out

i'm mandy drury. get all your business news on cnbc. >>> good morning.unday we'll see plenty of sunshine and then temperatures warming into the high 70s. it's going to be a gorgeous day. make sure you make plans right now, because storms are returning as we head into tomorrow. and i'm tracking 90s as we push into the end of next week. right now outside, you'll see a mix of sun and clouds. 59 degrees, a relatively mild start in philadelphia. wind speeds out of the east at about 3 miles per hour. and across the rest of the region, we're at 54 degrees in reading. at the atlantic city airport, low 50s, plenty of sunshine no clouds closer to the shore. and as we push into the rest of today, we will warm a little bit below average, but still very nice and comfortable out. 51 in mt. pocono. 52 in trenton. if you're waking up with us in pottstown, we're at 51 and a bit warmer in dover at 57. temperatures are cooler right now than we were at this time yesterday. we're down about 10 degrees in trenton, 11 in allentown, 11 in read welcome and down 10 in pottstown.

i'm mandy drury sitting in for melissa lee. hello, everybody. our traders on the desk are tim seymour, pete najarian steve grasso and guy adami. tonight on "fast" after blowing past $600 a share could netflix jump another 45%? the analyst who just slapped a $950 target on that stock will be joining us live for our call of the day ahead. plus missed the ipo boom? well, relax because we've got a special report on why three previous ipos may be worth another look for your portfolio. but first, to the record rally on the street. you have the nasdaq the small caps, even the mid caps hitting another record today, with the dow closing up another 100-plus points. so that really begs the question, is greece baked into the rally? guy adami, we'll start with you. >> certainly appears that way. we've talked about the transports, 150 sort of being the line in the sand. effectively that's where it bounced today. the russell, the iwm said as long as it holds 121 the broader market rally would be intact. that's what's taking place. tim talked about getting long

"fast money" coming up in just moments with mandy drury sitting in. hey, mandy, what's on tap? >> we've got lots coming up including the ceo of electronic arts who by the way is an aussie and grew up very close to where i did. but we're going to be talking about what matters more the fed or greece slash europe to the markets right now. we're going to debate that. and of course lots of other things. but "fast money" does start right now. >> over to you guys. >> we'll see you tomorrow. live from the nasdaq marketsite overlooking new york's soggy times square i'm mandy drury. our traders on the desk are tim seymour, pete najarian, dan nathan and guy adami. tonight on "fast" we will explain why the hottest sector this year could be cheaper than you think. at least if today's chatter is true. plus netflix under siege as alibaba plans to move into its turf. but a top analyst tells us why this could actually be a good thing. but first to the volatile day in the markets. stocks paring their losses after feeling of a exit had the dow down as much as 200 pounds earlier in the day as a fe

i'm mandy drury sitting in for melissa lee tonight. cnbc has breaking coverage of three huge stories at this hour. oracle out with earnings just moments ago and the stock is tanking. the call getting under way now. our own josh lipton will bring us those headlines in just a matter of moments. also the protests in greece just concluding but will there be even bigger ones tomorrow as a crucial deadline looms? plus we're awaiting the price of fitbit, which could be one of the biggest ipos of the year, and kayla will bring you the details of that as they break. but first the story of the hour. oracle falling 8% on a massive earnings miss. cnbc's josh lipton is live from san francisco with the latest. hi there, josh. >> well, mandy, year to date oracle's stock was basically flat heading into this print, now down hard in the after hours. a miss on the bottom and the top. oracle really pinning that blame on the strengthening of the u.s. dollar knowing that total q4 revenues were down 5%, they would have been up 3% without the strengthening of

"fast money" coming up in just moments with mandy drury sitting in. hey, mandy, what's on tap? up including the ceo of electronic arts who by the way is an aussie and grew up very close to where i did. but we're going to be talking about what matters more the fed or greece slash europe to the markets right now. we're going to debate that. and of course lots of other things. but "fast money" does start right now. >> over to you guys. >> we'll see you tomorrow. live from the nasdaq marketsite overlooking new york's soggy times square i'm mandy drury. our traders on the desk are tim seymour, pete najarian, dan nathan and guy adami. tonight on "fast" we will explain why the hottest sector this year could be cheaper than you think. at least if today's chatter is true. plus netflix under siege as alibaba plans to move into its turf. but a top analyst tells us why this could actually be a good thing. but first to the volatile day in the markets. stocks paring their losses after feeling of

i'm mandy drury with brian sullivan. it is rally time and stocks are on a roll at this hour and they are even picking up. >> growth in the usa. steve liesman going through all of the data and he believes it said something important about growth in the second quarter. >> and the meal that ha has the food watch watchers aghast. 3600 calories the list of the restaurants with the highest calorie counts. the offenders. we begin with the major averages up for the second day in three and the dow rallying triple-digits and closing in on the most recent 15-year interday high. financials and consumers. utilities and energy lagging and transports are surging again. ch robinson trekking for the best day since early january. seven stocks hitting near highs the goldman at levels not seen since december 2007 and zion's ban corp and not seen since the start of the financial crisis. >> cnbc releasing the second annual list of the fee management firms in all of america. ranking number one is creative planning. they are based in lee wood,

. >> i'm mandy drury. catch "fast money" 5:00 p.m. eastern same time tomorrow. "mad money" with jim cramer starts right now. >>> 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 now. >>> hey, i'm cramer! welcome to "mad money." welcome to cramerica. my job is to not just educate teach you. call or tweet me. only in this stock market would a statement from the feds saying that things are kind of okay inspire a rally. but that's what goes on now with the averages going from down nearly half percent to up half percent on that news even as we only pull back going into the close. dow gaining 34 points s&p climbing and nasdaq .23%. today the feds told us that our gdp is not as robust as we thought but labor market is better. the feds said it is wauxtching international events while making its decisions. why is that crucial because in the past they said over seas markets shouldn't be included in its calculus but now in greece we may

. >> i'm mandy drury. catch "fast money" again 5:00 p.m. right now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere. and i promise to help you find it. mad money starts now. >> hey, i'm cramer. back to mad money. kra mer kah. my job is not understanding but the teach and coach you. call me 1800 cnbc or tweet me me @jimcramer. when we stop fretting about greece what shines through is a core group of very strong stocks, good fundamentals that can go higher. either because they are relative relatively cheap or have tremendous growth. let's brake it down. the disney's latest quarter, fantastic, good numbers from every division. especially espn theme parks and movies. and shanghai disney opens in 2016, yet another reason for estimates to go higher. disney is bid up because it has superior growth in a world where it's hard to find. the quintessential stock for this moment. so are two others. starbuck's and nike. starbuck's spent most of the day moving higher has hit a consistent level of grow

i'm mandy drury, get all your business news on cnbc. >>> we are continuing to follow the investigationnto a block party shooting that left seven people wounded. nbc 10's social securityjesse gary is live in philadelphia. >>> some people are being discharged from penn presbyterian behind me this morning. hear what they had to say or didn't have to say coming up. do >>> right now we're tracking more rain in parts of the region. we'll tell you what it means for your neighborhood. >>> here's live look outside. that rain could affect your father's day plans. we'll have the timing of the weather where you are. good morning. welcome back to nbc 10 news today. happy father's day. it's 7:30 on this sunday morning. let's say good morning again to meteorologist brittney shipp. for all the dads who will be outside later, it sounds like we'll be sweating. bring an umbrella and stay hydrated. temperatures will be in the 90s. feels like temperature will be in the 90s. either way it's hot out. we have a chance of showers in the morning. light rainfall moving through the philadelphia area. here's a clo

. >>> welcome, everybody, to "power lunch" along with mandy drury, i'm tyler mathisen. nice to be back with you. >>> rough day for the bulls. the dow taking it on the chin down 231 points. s&p down 1% or more, at 2 t,074. nasdaq down 1.4% and the russell down 1.38% at 1,262. >>> europe took a beating as well much more than what we see here. london stocks fell 3.75%. >>> vix up huge almost 25% today alone. lots to talk about. greece of course capturing a lot of attention and the headlines but a bond crisis much closer to home is causing more immediate waves. this came out of nowhere but it's hardly unexpected. puerto rico saying it just can't pay off its debt. governor padilla saying "the debt is not payable. there is no other option. this is not politics. this is math." alexandra, you told us in february there was some protection to be found in insured bonds. do you feel the same way now? >> well if you have insurance on your bonds, those bonds are going to continue to pay interest and principle on time. so even a restructuring won't affect that. what's actually very in

i'm mandy drury but brian sullivan is standing here for the first hour and the second hour of "poweren a volatile day on the street ahead of a two-day fed meeting. the latest greek debt faux fail but we are well off session lows. >> the dow has been down as much as 200 points but -- we're still down by triple digits but down about 100 points. we've cut that deficit by about half. it really is a case of bad and the least bad in today's trade. let check out the ten major s&p 500

i'm mandy drury. you can catch "fast money" again 5:00 p.m. eastern same bat time same bat channel, and "mad money" with jim cramer starts right now. >>> 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 now. hey, i'm cramer! welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you some money. my job is not just to entertain you, but call you and teach you. so call me or tweet me me @jimcramer. darn it all. this market's bad setup. i've been so fretting and worried about. played out again today all over. dow plunging 178 point. s&p falling 7.4%. nasdaq sinking 7.3%. what's got this market down and what can we do about it? one of the biggest investors of our time said stocks are overheated. i interpret that as being too hot to touch. i'm talking about carl icahn. basically frighten some people into taking profits by using an analogy to the beginning of whe

i'm mandy drury and brian sullivan here in for tyler., stocks staging a rally this hour despite ongoing worries about greece. today why it might not be so great for traders getting comfortable with a greek exit. >> but a big warning sign on housing. the number of homes said to begin construction falling. we'll let you know if this is something to be concerned about going forward. >> and remember the ebola outbreak scare. another deadly virus is spreading overseas, and the cdc is on alert. the warning for an

"fast money" is coming up in a few moments with mandy drury in for melissa lee. what's on tap? talking about apple. yeah, it was in fact the only positive dow component on fairly significant volume. we'll talk about that. also talk about the yahoo! shareholder meeting and also dm's launch of the new cruze for the car lovers over there. >> straight over to you guys. >> "fast money" starts right now. we're live at the nasdaq marketsite. hello, everybody. i'm mandy drury sitting in for melissa lee and our traders on the decemberric dan nathan david seaburg, brian kelly, beaks, and guy adami. good to see you all. and tonight on "fast" follow the smart money? well carl icahn kark out of netflix. why the billionaire investor got out and the comments he made that could signal the top might be in for the stocks. plus stocks may have ended lower today but we have uncovered a secret indicator that says now could be a good time

along with mandy drury i'm tyler matheson. know a little bit about, a new class of cholesterol drugs going to get a go ahead from regulators. >> and check out oil. we're moving up to about 3%. a big rally on our hands and prices up 20% in the past three months so we've got a technician who sees something very specific in the charts for oil and he's telling clients to make a big bet. find out which way he thinks oil is going, up or down, ty. >> mandy, picking a

. >>> welcome, everybody, to "power lunch" along with mandy drury, i'm tyler mathisen. be back with you. >>> rough day for the bulls. the dow taking it on the chin, down 231 points. s&p down 1%, or more, at 2,074. nasdaq down 1.4% and the russell down 1.38% at 1,262. >>> europe took a beating as well, much more than what we see

. >> i'm mandy drury. tyler is out outside. causing concern, confusion and confidence.it a, the amount of money americans are willing to spend per month on cars, jumping to record levels. is that a good thing? also on the agenda, wait until you see how much money they get from government subsidies and see who the other big winners are and the war on cancer. big n

along with mandy drury, i'm tylermatson. have you heard there is an apple event?cted to release its new music streaming service. it will be a game changer. like its music download business was a decade or so ago. >> ty, we're also expecting ios 9 updates for iphones, ipads and the watch. what about apple pay? the stock right now is under pressure. down about 1% but that may change in the course of the next two hours because we've got a lot of information coming out. the stock is alreap

. >> i'm mandy drury. will china step in?taylor swift taking on apple refusing to allow itunes to have access to her new album. can she change the way music is now being bought and sold? >> she should just shake it off, folks! >>> the nonpartisan congressional budget office on what would happen if president obama's health care plan is repealed. >>> after years of negotiating, lending and

i'm mandy drury with brian sullivan because tyler is off again today. >>> instead of worrying about greecearkets should be looking to another country instead? that's just ahead. >>> netflix a huge stock split. the stock is up, facebook at an all-time high. yahoo! not the case at all. >>> money and marriage. new information today on how honest we are, what we hide and how we do it. are you really 100% financially faithful? we'll discuss. >>> we begin with the ongoing drama in greece where stalks have been under

it's "power lunch" along with mandy drury, i'm tyler mathisen. making it move here!e've heard on growth. expect new numbers from the man, leisman, in 30 seconds. >> he really is the man. isn't he? >>> housing insiders say when interest rates rise as they have in the last few weeks, that will have an impact on sales. are we starting to see cracks in the home buying market. >>> look at that chart! it's the nyse arca airline looks like an orca going down, ladies and gentlemen. down 9%. the great seat debate, folks.

i'm mandy drury with brian sullivan. time and stocks are on a roll at this hour and they are even picking up. >> growth in the usa. steve liesman going through all of the data and he believes it said something important about growth in the second quarter. >> and the meal that ha has the food watch watchers aghast. 3600 calories, the list of the restaurants with the highest calorie counts. the offenders. we begin with the major averages

. >> i'm melissa lee in for mandy drury today. >>> a big rally on the street, the dow up for the firstp the first day in three. today's big move being led by the energy sector. that is being fueled by big move that we're seeing in the price of oil on the back of inventory data. look at this, insurers hitting record highs. financials across the board are strong today. bob pisani joins us from the action of the nyse floor. >> this is a very broad based rally. what's that mean? i mean 5 to

i'm mandy drury and tyler mattson is live at icon nick los angeles. he'll be joining us shortly.ng boeing for unhealthy air in planes. have we all been impacted? a changing of the guard on wall street. some old names eclipsed by new names. you'll see head-turning market changers creating new fault lines for investors and on this day tom brady goes before the nfl. shaquille o'neal says he used to deflate balls, too. he'll be joining us live o

with mandy drury, i'm tyler mathisen two very big hours of "power" coming up.est decision on rates set to cross followed by janet yellen's us news confere >> breaking news naught toe industry. >> this is one of those headlines that will make people say, wait, did i hear that correctly? according to jd power and its new report on initial auto quality, japanese auto brands slumped to their lowest level in 29 years below the industry average when it comes to quality. according to j.d. power, 3% fewer problems

. >> i'm mandy drury. tyler is out outside. causing concern, confusion and confidence. exhibit a, the amount of money americans are willing to spend per month on cars jumping to record levels. is that a good thing? also on the agenda wait until you see how much money they get from government subsidies and see who the other big winners are and the war on cancer. big news this weekend and again today from the conference. it is moving stocks and it is also creating new hope. we do begin with the american auto industry with car prices soaring to all time highs and record numbers of americans are turning to leases to keep those payments as low as possibility. for you, the consumer as well. is behind the wheel for us. give us the lowdown. phil? >> the numbers are eye popping as are the people taking out good old fashioned auto loans. looking at the first quarter of this year. look at the average auto loan. the amount financed almost $29,000, up more than $1,000 compared to the first quarter. the average monthly payment up to $488. 67 months and between 73 and 84 months, basic

. >>> i'm mandy drury. welcome to "power lunch." tyler is out today but brian sullivan is standing in. >>> deal or no deal. greece unveiling a new reform plan but will it be enough. will greece meet its debt payment deadline. >>> the dow valleying trip inging inging inging rallying. >>> josh brown said it is a win-win for swift and apple. we'll dig more into the story that's can't vapting the music world. i guess you could say there's no more "bad blood." >>> home sales surging. we're starting to see a very bullish sign emerging from the american housing market. we'll explain what we mean. >>> drama unfolding in greece. a very fluid situation with the debt stricken country unveiling a new reform plan in exchange for more cash. chief international correspondent michelle caruso-cabrera is live in athens. give us the latest there, michelle. >> reporter: latest are one, we got a big protest going on behind me. these folks are pro-europe. they very much want the government to come to some kind of deal that keeps them as a member of the e

it's "power lunch" along with mandy drury, i'm tyler mathisen. making it move here! the dire forecast we've heard on growth. expect new numbers from the man, leisman, in 30 seconds. >> he really is the man. isn't he? >>> housing insiders say when interest rates rise as they have in the last few weeks, that will have an impact on sales. are we starting to see cracks in the home buying market. >>> look at that chart! it's the nyse arca airline looks like an orca going down ladies and gentlemen. down 9%. the great seat debate folks. empty seats, capacity. today the former ceo of continental weighs in on what's happening. >>> we begin this hour with a rapid update on the u.s. economy. the man, steve leisman, has details. steve? thanks, mandy. there is better economic data string of better economic data we've had over the past two weeks increasing the outlook for gdp in the second quarter, our rapid update compiled by moody's which is a survey of ten economists and their tracking survey, up two ticks with those better retail sales and inventories report. we're back over 3

i'm mandy drury with brian sullivan because tyler is off again today. >>> instead of worrying about greece, maybe the global markets should be looking to another country instead? that's just ahead. >>> netflix a huge stock split. the stock is up facebook at an all-time high. yahoo! not the case at all. >>> money and marriage. new information today on how honest we are, what we hide and how we do it. are you really 100% financially faithful? we'll discuss. >>> we begin with the ongoing drama in greece where stalks have been under pressure here in the united states after greece's latest reform plan was rejected by some european lenders. a key sticking point -- increasing uncertainty as greece fast approaches the june 30th deadline. the dow is down by 121 points right now. >>> cnbc's steve sedgwick is live in athens. steve, what are you hearing now? what's the latest? >> reporter: well mandy, i think the brilliance of the markets were taking on at the start of the week when they thought they had a deal was a little bit too much. we thought there were just a couple of sticking points between t

. >> i'm mandy drury. will china step in? >>> pop star taylor swift taking on apple refusing to allow itunes to have access to her new album. can she change the way music is now being bought and sold? >> she should just shake it off, folks! >>> the nonpartisan congressional budget office on what would happen if president obama's health care plan is repealed. >>> after years of negotiating, lending and worrying could this finally the weekend that the greek today ma reaches its final act? michelle caruso-cabrera has this hour's top story and she is liveslive from athens. >> reporter: yes, today the european central bank extended liquidity to the greek banks. we don't know exactly how much but we are led to believe that it is enough to get the greek banks through monday. what does this mean? that means if you are a greek living in greece and you have depos hits here and you with a'nt to withdraw money out of the atms over the weekend there will be enough cash to get your money out presumably through monday. why through monday? t

i'm mandy drury and tyler mattson is live at icon nick los angeles. he'll be joining us shortly. flight attendants suing boeing for unhealthy air in planes. have we all been impacted? a changing of the guard on wall street. some old names eclipsed by new names. you'll see head-turning market changers creating new fault lines for investors and on this day tom brady goes before the nfl. shaquille o'neal says he used to deflate balls, too. he'll be joining us live on the show. can't wait for that, but we do begin with new fears about flying. poisoned flight attendants accusing boeing of knowingly endangering airline passengers. cnbc's phil lebeau is in los angeles. give us the story here. >> reporter: this is the kind of lawsuit that could potentially impact thousands of boeing airplanes being flown around the world. we should point out this is simply allegations at this point. a lawsuit was filed yesterday here in illinois against boeing by four flight attendants. let's set the story up for you involving these flight attendants. they were on a 2013 alaska air flight. four of the fl

. >> i'm melissa lee in for mandy drury today. >>> a big rally on the street the dow up for the first time in five days. the nasdaq up the first day in three. today's big move being led by the energy sector. that is being fueled by big move that we're seeing in the price of oil on the back of inventory data. look at this insurers hitting record highs. financials across the board are strong today. bob pisani joins us from the action of the nyse floor. >> this is a very broad based rally. what's that mean? i mean 5 to 1 advancing to declining stocks. all ten sectors in the s&p 500 are up. now i'll tell you what broad based. it is very simple. whether 8 of the 10 sectors are up more than 1%. that's a broad based rally. that doesn't happen very often. what's up here is tech financial, energy, consumer discretionary. if you put those groups up. those are all up more than 1%. we also have materials up as well. defensive names like health care are lagging but not much else. the s&p 500 intraday we started on the up side and just kept moving up. that little blip around 11:15, that's when head

cnbc's mandy drury is here with the market rundown. >> reporter: good morning.just take a look at the nasdaq in particular. it's getting closer and closer to its all-time intraday high of 5,132. the all-time closing high is a little lower than that for the nasdaq, it's 5,106. but one of the good things we got this morning was may retail sales. even though they were roughly in line with expectations, the good thing is it at least seems the consumer was a little bit more robust than we were back in april and auto sales were especially strong. what it does suggest is maybe second-quarter gdp numbers could be revised upward as well. as for the retail stocks if you hold any, they have generally outperformed the overall market. at least if you look at the retail eft is up over 3% gain year to date which is bigger than the s&p's gain. despite the fact that you have some of the luxury retailers like michael kors and tiffany not doing so well this year. one concern is that chinese consumers are not buying as much as they used to of luxury goods. the economy is slowing do

along with mandy drury, i'm tylermatson. have you heard there is an apple event? the tech giant expected to release its new music streaming service. it will be a game changer. like its music download business was a decade or so ago. >> ty we're also expecting ios 9 updates for iphones ipads and the watch. what about apple pay? the stock right now is under pressure. down about 1% but that may change in the course of the next two hours because we've got a lot of information coming out. the stock is already up about 15% so far this year and up 40% in the past one year. >>> our jon fortt is live at the big event in san francisco. jon? >> reporter: well it hasn't started yet but we expect that to happen any moment mandy. right now they've been pumping uptown funk in there as people get ready. the lights just went down. really we're probably just seconds away from tim cook walking out on the stage and saying something to the effect of, "i'm so glad you're here we've got a lot of great stuff to share with you." what typically happens here is they show a video, possibly f

i'm mandy drury but brian sullivan is standing here for the first hour and the second hour of "power lunch." >> is it's already been a volatile day on the street ahead of a two-day fed meeting. the latest greek debt faux fail but we are well off session lows. >> the dow has been down as much as 200 points but -- we're still down by triple digits but down about 100 points. we've cut that deficit by about half. it really is a case of bad and the least bad in today's trade. let check out the ten major s&p 500 sectors. industrial and technology the worst performing sectors. as for what the best performing sectors, you've got health care one. one of the reasons for that is over the past hour we did get some reports that anthem has made a taker of a bid for cigna which is now at all-time highs. cigna has apparently to the reports rebuffed that takeover bid but we'll get more details with bob pisani in a second. health care has popped its head into the green. but one stock that's been really crushed in today's sell-off u.s. steel. down 4.7% as we speak. about 12% to the downside so far this

along with mandy drury i'm tyler matheson. something i know a little bit about, a new class of cholesterol drugs going to get a go ahead from regulators. >> and check out oil. we're moving up to about 3%. a big rally on our hands and prices up 20% in the past three months so we've got a technician who sees something very specific in the charts for oil and he's telling clients to make a big bet. find out which way he thinks oil is going, up or down ty. >> mandy, picking a spot to retire? >> okay. we do begin with the big battle that affects nearly a third of all adults in america. we're talking about high cholesterol. an fda panel decided whether to approve the first in a new class of drugs many experts believe could drastically cut the risks of heart attacks and strokes. one of the drugs is made by regeneron and sanofi. parma reporter meg tirrell is here with more. >> this drug is being discussed and tomorrow they will discuss a very similar drug from am again and both work in similar ways known as pcsk-9 and lower levels of l

. >> along with mandy drury, i'm tyler mathisen. bit of a change if you've been going with the indexers is it time maybe to move a little money into active management? >>> shares of eli lilly taking a beating today over key alzheimer's drug. can the problem be fixed? >>> and the nat gas trade. it's not just for winter anymore. >>> and wall street's weather man is here to explain which way nat gas and nat gas stocks will go this summer. but we do start with what's happening in the markets. stocks selling off today after two straight days of gains. the dow is off the lows of the session, but we can see there it is down by 154 points. so by triple digits with this volatility translating into a good year for active managers. according to funds track, 52% of large cap managers and 73% of value managers are beating their benchmarks in the second quarter. joining us now, bill nichols, head of u.s. equity trading at cantor fitzgerald. it really hasn't been the greatest environment for active managers until now. right, robert? >> yeah absolu

with mandy drury, i'm tyler mathisen two very big hours of "power" coming up. the fed's latest decision on rates set to cross followed by janet yellen's us in news conference. >> breaking news naught toe industry. >> this is one of those headlines that will make people say, wait did i hear that correctly? according to jd power and its new report on initial auto quality, japanese auto brands slumped to their lowest level in 29 years below the industry average when it comes to quality. according to j.d. power, 3% fewer problems reported for all new automobiles compared to last year. korean brands top the list. japanese autos, they dropped below the industry average, first time that's happened in 29 years that j.d. power has been doing this survey. in terms of who placed it the highest and lowest in terms of countries of where vehicles are coming from, korea leads the pack big way, average and 12 per 112. then european japanese and u.s. at 114 problems per 100 vehicles. shares of toyota honda, nissan the big japanese automakers. what's the problem with new automob

i'm mandy drury and brian sullivan here in for tyler. one more time stocks staging a rally this hour despite ongoing worries about greece. today why it might not be so great for traders getting comfortable with a greek exit. >> but a big warning sign on housing. the number of homes said to begin construction falling. we'll let you know if this is something to be concerned about going forward. >> and remember the ebola outbreak scare. another deadly virus is spreading overseas and the cdc is on alert. the warning for an unprepared america. but we do begin with the health of the american housing market. some concerning new numbers on home building down the road. let's get to diana olick in washington. why should we be worried? >> reporter: mandy, we saw a big drop in housing starts month to month, down 11%, but this is not the worrisome part because we saw a big jump in april and saw the giveback in may. what you really need to look at is the building permits and separate out the single family from the multi-family rentals. now you see wha

mandy drury is here good morning. >> here's the beauty of live news, right, jose?ittle like the weather outside, which is definitely very soggy. anyway, we did get some data points this morning. for example, personal income rose 0.4% month on month, less than expected and also spending that was flat. so what we're really seeing here is consumers are tending to save more than they are willing to spend. when you think you are getting no interest at the bank you can understand why savers why consumers need to do the saving themselves. also we have some amazing news possible news out of disney have you heard what they are thinking about jose? >> surge pricing, i have no idea what that means. >> well when it's really peak time uber has surge pricing, i.e., you pay more when there's a lot of demand. apparently disney is also considering the surge pricing ticket model at both locations in orlando and in anaheim, california, and it could possibly be three tiered so gold silver and bronze so you have a choice of pricing there. nothing is set in stone, but they are thinking

i'm mandy drury sitting in for melissa lee tonight. huge stories at this hour. oracle out with earnings just moments ago and the stock is tanking. the call getting under way now. our own josh lipton will bring us those headlines in just a matter of moments. also the protests in greece just concluding but will there be even bigger ones tomorrow as a crucial deadline looms? plus we're awaiting the price of fitbit which could be