don't miss dave faber's interview with meg whitman tomorrow. here's "fast money" right now. >> live innew york's times square i'm sitting in for michelle michelle. he's going to decode all the chatter and also between the lines. we check in on the charts for his best technical ideas and bail on bonds? dennis explains why he thinks the bond market is tapped out and how you should be trading. we're tackling the postgame analysis and setting it up tomorrow with all of our traders here. we have tim who just made. . steve grasso who just jumped off a rickshaw. good day to you all. let's get straight to the volatile trading session today. the dow soared during bernanke's testimony and then it plunge. why did it drop off? you know what? our producers say this is the most important show of the year. don't feel any pressure. >> you mean co-producer josh brown. >> co-producer josh brown believes it's a very important day. >> why is it important? >> oh yeah i'm just going to -- first of all, this is a great day. this is exactly what i think we needed. a l

meg whitman is hewlett-packard's ceo and she joins us for an exclusive interview. as always, we appreciate you being here and waking up early in the morning to join us from the west coast. as i said are you being rewarded this morning in the market -- or certainly were after the close yesterday for your bottom line numbers but i'd love you to address this larger issue some prospective investors have which is essentially, yes, you're hitting near-term profitability and in fact getting better at profitability that many expected but are you sacrificing market share, are you delaying r & d and other investments, are you perhaps not fully taking financial benefits of past restructuring actions. essentially are you shrinking to profitability? >> well, let me set the stage for you. we are embarked on a five-year turnaround journey. we're about 18 months into that journey and i think we're right where we thought we would be. in fact probably a little ahead of schedule. we generated a lot of cash this quarter, $3.6 billion and beat earnings per share, our high end of our gu

and a lot of other things going for them, meg whitman seems to be snapping this company into shape so badly mismanaged. liz: all for a dollar per year salary. let me get reaction from the cme pit. as we look at the reaction of the stock slightly higher, looking at the full year 2013 view, $3.48, that is what thomson reuters expected. again, the revenues are looking a little iffy. >> this is more of a turnaround story. if meg whitman can keep th flow coming that is the key to keeping hp from selling back to that level. she can keep the earnings, the free cash flow running. you are not going to see it punished for some of these revenue misses. it is not nearly as important as the cost-cutting and the earnings they are bringing in. david: what are they going to be doing new? it has not turned out too well, a purchasing made of one product they bought they had to write off $8.2 billion of that. >> that is terrible. look at microsoft, left four dead, all kinds of positive expectations, maybe they are catching some of those coattai coattails. i would not be surprised if that was the case. o

don't miss dave faber's interview with meg whitman tomorrow. times square, i'm sitting in for michel michelle. he's going to decode all the chatter and also between the lines. we check in on the charts f

david faber has an exclusive interview with meg whitman from hp quarterbacks at "squawk on the streetrn. ross, you won't want to miss it. >> we certainly won't. thanks for that, seema. now we're going to talk about start-up quill, auto uk company that just got ads 1 million investment to continue the global roll out of its platform. joining us is the founder and ceo of quill, a uk tech company which is good it's going global. you help frame products and services. >> yes. traditionally, internet retail business throws up a lot of products on their website and there's been no story around those products to help frame the sale for the consumer. so i think the internet and technology providing huge choice, but what they now need to do is help create that choice so the consumers can make informed decisions whether they're buying loans or shoes or swim wear. >> and you haven't seen the writers in the cloud who helped to put that concept together? >> we're introducing a worldwide flat platform of writers. we have over a thousand writers in our debate and the cloud sits around a proprietary t

. >> the woman on the cover is meg whitman of hewlett packard. >> i like pepsi and i recommended it before, but i like coke better. >> she prefers coke. >> you prefer marathon petroleum. >> this is a refining arm of marathon oil. that has potential upside of 50%. >> what do you think of that? >> worried about it because they will hit the industry really hard having forcing it to put more sulfur out of gasoline and the first fear of the new rules. >> thank you, ladies. have a wonderful memorial day weekend. keep it here. the number one business spot continues. . >> this will fire up talk at the holiday barbecues. our union is standing in the way. who else is the government snooping on and are you on the enemy list. right after the deadly twister hit, one senator said this. >> the damage that the polluters and deniers are doing doesn't just hit alabama and oklahoma and texas. >> he is apologizing now, but why are democrats cashing in while people are digging out. firing up your weekend barbecue conversation right now

these results are more a testament to ceo meg whitman's skill at managing expectations. pc group sales came in especially week. but, investors are focused on nongap earnings per share. >>> beneath those headline numbers, it was a mixed bag. pc units fell a whopping 21%. in that department, hp made the opposite decision from dell. hp chose to sell fewer low-end pcs in the quarter. the business suffered, down 12%. printing, networking and technology services held their own. >> there are huge tectonic plate shifts the way it's paid for, the way software is written and delivered, the way end users engage with technology. there's a lot going on in our world. but we are growing businesses that power a new style of i.t. we've got declining businesses that powered the old style of i.t. but i feel good about -- i feel good about the growth prospects for 2014. >> growth is where all of this hinders. if whitman is going to deliver growth next year, she'll have to either figure out a successful tablet and smart phone strategy or a way to turbo charge the data center. >> i think it's

>> first of all, meg whitman is a good friend of mine. she and i never had such a conversation about autonomy. there was a reporter that incorrectly reported the news, basically, and essentially, my comment was, a long time ago, before hp ever bought autonomy, i was aware of the fact that the company was on the market and sap had passed on the company, because we had invented hana, which is the greatest in-memory database of all time. so there really wasn't a business rationale by which sap should move on autonomy. and subsequent to sap buying autonomy, there's never been a discussion between sap and hp doing a deal. i don't know where that comes from other than it's incorrect, it's not factual, and i'm here today to set the record straight. meg and i never had that conversation. >> okay. it doesn't get much clearer than that. we're also talking about -- >> thank you, bill. >> -- the roles of chair and ceo. you're a co-ceo at sap, but what is your opinion about whether there should be even more shared responsibility in the c-suite. should

meg whitman has said it could take years for the turnaround to take place. wall street seemed happy with the report, the stock was up higher than 10% after the announcement, the company has challenges ahead. hp's flagship personal computer line is don 20%, as consumers continue to switch to their tablet computers. the company saw strength in its printing segment and also in its enterprise services business. >> the road ahead uncertain for hp. thank you very much. >>> still ahead, just how hot is the housing recovery? the ceo of toll brothers ranks the market on a scale of 1 to 10. >>> first, though, some stocks hit all time highs today. >>> we begin market focus tonight after a mixed bag of retail retailer profits. they improved revenue and raised guidance as well. it jumped after the close. shares of staples rose sharply, despite a lousy earnings report, profits were down more than 9%, the company's ceo told analysts he's confident in the earnings outlook for the year. investors bought into that view, staples shares jumped. quarterly earnings at target plun

that gives meg whitman plenty of time to turn the company around. you've got to like hewlett- packard. it should probably keep doing what it's doing now. - and what's your take on the retailers? target ran into some trouble here. now we have more earnings coming out from retailers today. - you know, it's hit-or-miss. the key is best-in-breed. we've seen that across the board: wal-mart beats target, home depot beats loews. you have to go with the best in the breed. we have gap today. that should be an interesting one. i will be really interested to see whether they can continue to ride the wave of that is known as "colored jeans." - [laugh thanks a lot for that. mark sebastian of option pit mentoring. thanks mark. - thank you. lawmakers are hoping americans tell all when it comes to experiences with the irs. the house ways and means committee has launched "the irs political discrimination investigation" on its website. a form asks taxpaying organizations to share information regarding a past audit. yesterday, tensions rose after key irs offcial lois

>> i'm sure that music to meg whitman's ears. i would say the chart looks to me as the, "oh, look, hp is not going out of business" chart. people were selling this stock after, you know, we knew this litany, you covered it, maria, a series of scandals, missteps, bad acquisitions, multiple ceos, just thing after thing after thing, and that obscured the fact that while a lot of their businesses are not dynamic, they aren't going anywhere, and they feel a need to however commoditize, you know, printers or et cetera. so i don't think this company is going anywhere, but nor do i think this company is going anywhere beyond the fact that it has now recovered to some level of normalcy. >> and what, zach and brmaria, what i really like here, there are only six analysts on wall street that have this stock rated a buy. i think there are seven analysts that still have lehman a buy. that's telling me that the street doesn't like this stock and it's the best-performing stock in the dow, up 70%. there's still plenty of room for people on the ba

how about meg whitman turning the company around. does she say, you know what? this turn means nothing because of the lemur problem. >> when we come back this morning a tesla test drive unlike any other. >> activate. who with's ready to roll? >> jim cramer gets behind the wheel of the model s. >> "star trek" 10. >> did you really say activate? >> captain pick art. we'll find out if he is super charged about the electric car. you're really smoking there, jim, in the parking lot. also ahead, an exclusive with the man who makes that car, elon mufshg at 10:30 a.m. eastern time and a lot to talk to him about. a lot more skwt squawk on the street" on the friday morn, the last day of may in a morning. [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub.

. -- meg whitman.ooking at what she has done with ebay, what she did at the pass corporations including disney. in my opinion you look at abc, consumer revenue down. it is about what the market is believing in. neil: pcs are going down, a straight line, everybody is using their mobile device. 20% comes from printing but this is an interesting point that came out. hp cut the expenses by 9%. that is one of the reasons the bottom line looks good. neil: you are not a believer? >> we had one disaster after another in the past four yeaas. a good distanc businesswoman. neil: issue two, facebook losing his cool. david, is facebook ready? >> one thing about facebook that is clear, it has a guy running it who knows what he is doing. i know there's a lot of talk about teams trying to look for something else but there really hasn't been anything to replace it. we're hoping to to get into the social space but there hasn't been anything to replace it. the problem with facebook is it is not making money. even though

still, meg whitman says she's encouraged. shares of yelp took a tumble today, news two major competitors will merge and offer not only reviews but a way to order takeout as well. >> more still to come here on abc 7 news in the next 30 minutes first up, damage assessment from the oklahoma tornado. what the mayor wants from every homeowner who rebuilds. >> $10250. >> collect that in full. would you like it?. >> oh, my god. yes. boy. absolutely. >> if you're a crime victim like this man the state might owe you money. but the i team explains why it may be difficult to collect it a major blow tonight for san francisco 49ers one premier player may be out for the entire season. >>> white house said president obama plans to visit the city of moore, oklahoma this weekend to view the tornado damage and meet with survivors personally. 24 people were killed as you know, 10 children when that ef 5 tornado hit monday. as many as 13,000 homes were destroyed or damaged. and the cost is risen to $2 billion and rising. today, homeland security

still, meg whitman says she's encouraged.yelp took a tumble today, news two major competitors will merge and offer not only reviews but a way to order takeout as well. >> more still to come here on abc 7 news in the next 30 minutes first up, damage assessment from the oklahoma tornado. what the mayor wants from every homeowner who rebuilds. >> $10250. >> collect that in full. would you like it?. >> oh, my god. yes. boy. absolutely. >> if you're a crime victim like this man the state might owe you money. but the i team explains why it may be difficult to collect it a major blow tonight for san francisco 49ers one premier player may be out for the entire season. xÑÑ i know. i know i need to quit this. - well, how about... - that smokers' helpline? yeah, they can give me a plan. - help me through the rough spots. - so you're ready to... quit? everyone wants me to quit-- my doctor, my wife, the dog. - not good for the dog. - anyone else? hmm? what? anyone else want you to quit? me! i want me to quit. tdd# 800-933-4833 - ( rings )

>> they have been very patient with meg whitman, you're not going to see a real turn out until 2014. at $28 million after the bell today. 20 billion you're down almost $3 million from the year ago period earnings per share $0.01. a year ago quarter was $0.80. pc sales expected to drop 20%. 28% of the total revenue. users are going towards tablets and iphone and the like. hp is the biggest pc maker in the world, and that is also the bad news. printers account for 80% of the business. as others are looking to split up sony coming up to wonder if hp may want to do something to separate printers and pc. even laptops and the tablets may need a printer by then. we will see if they stick the full-year outlook $3.60 per share in earnings, more for you after the bell. liz: thank you. a big printing business, what about 3d printing? getting a lot of attention lately. now that they're able fire shots, that is not all. it could be as big as the computer was in its heyday. claimant now, ceo of one of the top printing companies, david price is here, wrap our minds around it, how do you print a gun

>> hewlett packard, by the way, meg whitman tomorrow morning on "squawk on the street" with us, my friend david faber got it. i think corning can stall, let it come under 15 and buy something, not here. ron in south carolina. ron. >> hey, mr. cramer. how are you doing? >> real good, ron. >> caller: i like to comment, i was glad to see you and that big glass of water agree agree on building stocks this morning. tuesday i was a little worried about you two, but i am glad to see you agree. >> i think that's my friend kelly evans. >> caller: see, everybody knows who you are talking about, right? >> she's fabulous. whatever. go ahead. >> caller: i have to agree. i watched you in hong kong. anyway, my stock is at&t. it's slowly bleeding me. >> i think at&t can go to 35. i think that a lot of the bond market equivalent stocks are going down. i didn't like the quarter that much. a yield would be okay. 34 would be like a -- buy, buy, buy. now, joe in michigan. joe. >> caller: hey, jim, i want to wish you a big 2013 bucknell graduate boo-yah. >> boo-yah right back with you, my friend the professor

50% mostly because it was down 44% last year and also because many people are thinking that ceo meg whitman can turn the once proud company around. look, i hope that's the case. there are hundreds of thousands of people that work there. i wish them well, but dell's numbers last night that confirms the computer business is in the midst of a huge downturn, if not a total tailspin. toll brothers? here's irony. last time it reported the stock was roughly right where it went out today at $36.92. after that report which, by the way, i came on and i didn't think it was that bad, but the stock got a hit. after the report last time the stock got dropped for a 20% decline. i thought the hit was unfair. i urge you to buy it when it got lower, but the bruising is still on my mind and if toll was riding high i don't want to own and and that's despite the fact that it's a tremendous home builder and i'm a huge bull on housing and it doesn't matter what toll does it isn't enough to please the jackals out there. thursday, we have a couple of discounters. yes, i'm portraying myself as worried because this i

so, when will meg whitman's recovery plan actually kick in? we'll take a look at that at 11:20. any thoughts, comments, anything else, e-mail us, worldwide@cnbc.com. there we go, right there. that way. worldwide@cnbc.com. >>> now, sony says its board will look into dan lowe's plan to spinoff, but with the japanese market surging again, he's under pressure to unlock more value for shareholders. speaking a strategy update, the ceo says he's committed to restoring sony's electronics business to its former glory and is sticking to his operating profit goal of 5% margin on $58 billion in sales in fiscal 2014. he cut the sales forecast. i was enjoying that game. he cut the sales forecast for cameras, tablets and smartphones by 17% and scaled back expectations for video game profits. ben collard is head of equities at sunrise brokers, joins us for more. hi, ben. good to see you. >> hi, good morning. good to be here. >> the nikkei is up another 5 1/2-year high this morning, and sony's taking part in that. what do you make of what their response is going to be to mr. loeb? >> well, you k

50% mostly because it was down 44% last year and also because many people are thinking that ceo meg whitman can turn the once proud company around. look, i hope that's the case. there are hundreds of thousands of people that work there. i wish them well, but dell's numbers last night that confirms the computer business is in the midst of a huge downturn, if not a total tailspin. toll brothers? here's irony. last time it reported the stock was roughly right where it went out today at $36.92. after that report which, by the way, i came on and i didn't think it was that bad, but the stock got a hit. after the report last time the stock got dropped for a 20% decline. i thought the hit was unfair. i urge you to buy it when it got lower, but the bruising is still on my mind and if toll was riding high i don't want to own and and that's despite the fact that it's a tremendous home builder and i'm a huge bull on housing and it doesn't matter what toll does it isn't enough to please the jackals out there. thursday, we have a couple of discounters. yes, i'm portraying myself as worried because this i

let's talk about meg whitman, and this, you know, you've almost got to feel for her.t three years i mean, here she is trying to save hewlett-packard, but it isn't really her fault that the company -- >> right. this is another one that's like an old technology company that has really, it's a huge company that's really struggling to make that transition. and it's, again, it sounds like a simple problem, but it's not. it's this, you know, transition to mobile. and i think as you said, it's like three ceos in the last three years. it's a lot of change in leadership and strategy and a lot of chopping and changing. cheryl: but replacing her, will that really do anything different for hp, i think, would be the obvious question. >> well, that's the question. they could always try and go for a fourth ceo in the next -- cheryl: oh, my gosh. i don't know if shareholders could stomach that one. >> right. cheryl: that'd be tough. okay, finally i want to talk about facebook because -- look, you've got michael dell on the list -- >> but if he takes his company private, he could be s

we have got meg whitman there on the left and cheryl sandberg on the right.l women, there is one glaring error. no mention of fed vice chairman and berkeley resident, janet yellen. she will probably take over for ben bernanke next year. the number of women heads of state, merkel, argentina, korea, brazil, all run by women. they are all on the list. hewlett-packard as that company's turn around seems to be working a bit. huge pressure on the market as the feds worry the fed is wrapping up its easy money policy. out of twitter, adopting two factor authentications to try to cut down on the number of high visibility attacks. twitter feeds belonging to the "associated press." burger king, the onion have been hacked. if you have done online banking, you know two factor identityfy kags. you have to use a regular pass ward and input a number that's been texted. hopefully, he doesn't have your phone. the one big problem with big organizations is that texts can only be sent to one phone. so only one person can tweet at a time. >> thank you very much. 5:56. let's check

profit fell 30%, company maintained pricing and had decent margins and wall street believes that meg whitman's turnaround plan is taking shape at hewlett- packard. its shares are quite a bit higher on the news up by 11%. hp one of the only winners today. got bad manufacturing news out of china and japan's main stock exchange. the nikkei down 7%. so a lot of heavy selling across the globe because of that. that's hitting wall street. we haven't had two straight losing sessions on wall street since april 18 and 17. could head that way after today. dow dropping 100 points, nasdaq down 31. s&p down 15. frank and michelle, back to you. >> thank you, kcbs radio's financial reporter jason brooks. >>> how about a giants fan? he can snag a foul ball even holding a baby. brandon belt hits a foul ball. watch the guy in the stands bare-handed makes a great catch and look what's in his left hand. a little baby. how about that. nice catch, nice ovation, a souvenir. his wife was watching saying, what in the heck are you doing?! [ laughter ] >> can i just note this? he had a baby in his hands and was able to c

the meg whitman-led company braces the street for a drop in revenues and sales because of the cratering pc market. we'll have those numbers as soon as they come out after the bell rings. get the market analysis, the reaction in the markets, and it could set the tone for tomorrow as well. >> it's the kind of report that certainly could set things up for tomorrow. let's check where we stand right now. the dow jones industrial average, not at the low, but pretty close to it, down about 38 points on the industrial average, pull back from that all-time high we reached yesterday. check the nasdaq, looking at losses there as well, a double-digit loss on nasdaq, down almost 1%. bouncing off of the lows, but not so far from the lows at 3470 on the nasdaq. standard & poor's looks like this, yesterday reaching uncharted territory, pulling back today to the tune of ten point. we're digging deeper into what exactly the fed said to spark this dramatic reversal on wall street. steve liesman breaking it all down for us. >> a day of confusing and somewhat contradictory fed speak, with not only the fed c

ceo meg whitman on cnbc this morning, saying her multi-year turnaround plan is on track. technology, analysts at deutsche bank upgrade this one to a buy. raise their price target to 46 w bucks. seagate hits an all-time high. but cirrus logic nosedives. lowering its gross margin forecast. a couple of retail names making headlines as well. dollar tree reports a better than expected quarterly profit. lifts its full-year earnings forecast. on the other hand, ralph lauren post sales that miss its own projections. and we'll end here on the utilities, worst-performing sectors today. bob pisani, you heard him talking about the unusual moves in nextera, but we were seeing a reaction to rising rates, rotation out of the defensive names and into more cyclical sectors. maria, back to you. >>> td bank, canada's second largest bank and the tenth largest here in the united states after buying commerce bank a few years back, shares closing in the green on the heels of the company's second quarter results, which showed profits on the upside. but last month, td bank ceo ed clark told share

news here is that earnings did pop, and did some serious cost cutting and more job layoffs and meg whitmannues with the big turn around plan. it was the biggest loser last year, but this year up about 50%. stuart: nicole, thank you very much indeed. the dow is i say only down 44 points. we were expecting 100 point drop by now, not happened thus far, 43 down. now, let's brinn in our next guest. she says that there is no way the fed will tap on the brakes in terms of stopping to print so much money anytime soon. here is michelle girard. that's quite an introduction, michelle. >> no way anytime soon. very -- i think there are no way they will tap the brakes in june. how is that for an economiit give a time date. stuart: i'm shocked to hear it. he's not going to think about tapping on the brakes, printing less money at the next meeting in june. all right, what about after that? >> yeah, well, i think they have he' been very good. i am he so baffled by what the markets are doing. now, there's no question that the markets have been skittish. we've seen that in the reaction to news stories that d

meg whitman coming up at the top of the 9:00 hour.xcluding certain items, 11 cents better than the street was expecting. revenue, though, did fall a little bit short of consensus. >> as you have been discussing all morning, global markets selling off after yesterday's comments by fed chairman ben bernanke. it september confusing signals on the timeline for tapering. joining us on "squawk" news line, is senior u.s. economist at ubs and president and cio of steinberg global asset management. hopefully, guys, you can read some of the tea leaves. drew, what did you make of ben bernanke's comments and how should we all read it? >> i think what you can make is tapering is a while off. and if you look at the timeline they're working with, they're f they're going to start thinking about it in a few months, you have to assume they're going to do it in a press conference. they have to explain why they did it. you're really looking at september, december, march. you're still thinking q1. it is confuse to go see the markets behave this way. i don

we spoke to meg whitman and that's been sustained the last two days. >> how could it not be?inary, and i found myself being converted because i looked at the balance sheet of that company and this is a company that is generating cash and it may have a competitor with dell. i see a dialing for dollar story. i didn't understand it. will you explain it today? >> i can't explain everything to you about tell. >> dell, listen, it will be a story we'll revisit again. the shareholder vote is still away. dell, we're not worried about the pc business and that quarter they did a lot of different things to make it look as bad as possible. that's their argument along with icahn that also has proposed recapitalizati recapitalization. we do care about namely the acquisitions are doing much better. >> if you are meg whitman you want it to go through. that is the tailwind for hewlett-packard. it is a major, monumental victory if there is a deal done at dell. >> it was interesting, of course, when she did say, we did want chase them down. they took the price down and maybe that's what you do w

hewlett-packard ceo meg whitman feeling pressure to deliver with today's after the bell results.e a preview of that next. first, time to check out oil is trading right now. we saw with jeff flock, it is trading down to 94.41 a barrel. we'll be right back this is arica. we d't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmoing. 24 hours. zero heartbur lori: how do you characterize the markets today? wild swings. ashley: wild, baby. lori: markets are really lower. ashley: down 35 points now. lori: on the fed minutes. we heard from the fed chief on capitol hill. let's bring in charles payne for discussion. amazing how the fed chief really talked in a way both sides of the trade. we're at risk of stopping economic reccvery if we stop easing. but, if things continue to improve which they kind of seem to be, maybe we'll pull back come like this summer? what do you think of that? >> the th

analysts say meg whitman's turnaround plan is helping to offset shrinking computer sales with other computervices. >>> this week, lawmakers have been grilling current and former irs officials about the recently revealed scandal about the agency's targeting of conservative groups. a hearing yesterday, a fee witness took the fifth drew an angry response. >> i've not done anything wrong. i have not broken any laws. >> you don't get to tell your side of the story and not be subjected to cross-examination. that's not the way it works. she waived her right to the fifth by issuing an opening statement. she ought to stand here and answer our questions. [ applause ] >> washington insider jamie dupre joins us. three hearings allowed lawmakers to vent their anger at the irs but did they get any closer finding out who is responsible? >> reporter: i don't think we got any closer. we still snow it was employees in the cincinnati, ohio office. the acting chief of the irs and the former chief did not offer any names as to who might have given the green light and the go ahead to the's party groups on the par

you've got five current ceos on this board like your guest yesterday, meg whitman, terry lundgren, it's an amazing board. there's no hidden political agenda here of anybody looking for work. these people are -- and they can sympathize with the ceo in this spot. >> jeff, thank you. we're going to leave it there. we appreciate your perspective this morning. see you soon. >>> coming up, summer some day will arrive. what a spring. >> rain, rain, go away. >> yeah. rain, rain. and you were golfing again. >> yeah. >> i had bad luck with the golf. >> that doesn't mean it's time to take a vacation from investing. a top performing money manager shares a few ideas next. first, though, watch the show today if you'd like or please watch the show. if it's up to you, do it. if you don't want to -- i'm not telling you you have to. the retailer reported a bigger than quarterly expected loss saying cooler weather hurting its sales. investors worry that the company's turn around could take longer than expected. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses

strange way it worked for hp this spring to have ray lane innocently take the hit to run cover for meg whitmand nothing wrong so she could focus on running the company because they found the iss complained the last ceo wasn't sufficient skait scapegoating for accountability so look for somebody else to take out. so the chairman, ray lane, magnanimously and happily stayed on the board. it can work in certain circumstances, you know, at the "new york times." the chairman suffered from the ceo. at ford motor company, off dominant family stage. it makes a lot of sense. the bomber transition at microsoft with bill gates. it can make sense. it's not a panacea. there's no research out there. in fact, just the opposite of what the research says. >> jeff, i'm going to ask you because it's important here. do you have a consulting relationship with jpmorgan? >> no. i -- i -- and nothing has been suggested coming out of this, either. i have known jamie only tan gently for a long time. >> actually, jeff, we're actually on the same page in that we agree, i think, on this. and i think joe, we've all agreed t

it was a favorite of meg whitman talking about the challenges in asia and enterprise. >> the sales forceat was one of the best performers of the deca decade. effectively this cloud play, it took people understand the true value they were offering. so i think for one of the first times you are seeing their fundamentals just questioned a little bit, and perhaps the stock humbled today. >> williams-sonoma, 41 cents and revenue did beat as well. they actually raised their four-year forecast. nice to see a retailer take their numbers up rather than down. >> within kelly's earlier point. >> com stores, west elm was up 12. >> you know where it will open store. the first williams-sonoma store will open in london. >> so many have expanded and it hasn't worked. >> pottery barn up 7.6, not too bad. the actual namesakes of williams-sonoma were up. >> west elm. i have furniture, and it's affordable and stylish and going back to the whole gap, retailing issue. j. crew opening a store in london, as well. some might be able to make it work. >> is it just to say, london, new york, los angeles? that's par

even though he was reelected by a 58% margin meg whitman said we think you should resign.ll happen here. of course, it's a very different situation, but that being said there is a certain level of support that a company will look for in terms of really having a solid shareholder base supporting that notion. >> kayla, thank you. >> i know we have to go to break. the irony here, you vote for splitting, your stock goes down. don't you have a responsibility? you have a responsibility to your shareholders and investors to send your stocks up. here you are voting to lose money. who the heck would ever do that? >> which was one key dynamic that was part of the vote that you did vote to separate. you have at least the threat of mr. dimon -- >> i'm going to vote against jamie. what kind of nonsense is that? >> we haven't gotten to a lot of stocks that are mr. cramer's radar, we're talking best buy, home depot. we have "the mad dash" coming up next. take a look at futures before we head to break. but we can still help you see your big picture. with the fidelity guided portfolio summ