they received an award from metlife. that was a big plus for the station and the community. it's starting with the mid-market, the tenderloin starting to morph a little bit. great business people that we dealt with [speaker not understood] bid at john's grill and the people at macy's that were very instrumental in helping the community when we needed something to be done. so, it's been a great time. i think i'm getting out in the bayview on the 4th of july, third on third, it was great to be out in the bayview, running out there. saw a lot of people i knew from years ago when i was playing football [speaker not understood] of. chief suhr started combing our hair [speaker not understood] the last couple of years. they didn't recognize me. it's been great, you know. i think it's important to realize especially now in city government and the private sector services we have to work together on all these projects to make it work, all of them come together. so, i want to thank everybody, my wife and two did you tellers aren't here today. they kind of keep me in line at home. ~ two

finally, metlife, a mixed picture there, eps of $1.44. a healthy beat of 11 cents. top line came in light at 17.04 billion. maria, back to you. >> all right, thank you so much, josh. >>> facebook, meanwhile, trading above the ipo price today, $38 a share was the ipo. it exceeded that. the stock is up 40% since it reported earnings last week. now, it pulled back from that ipo price, finishing at $36.80. but nonetheless, the stock has real momentum the last couple of weeks. is it time to get your money in, or have we missed the move? larry joins me, a facebook shareholder. and also with us is carter, cnbc contributor from op penheimer. i like to say one of the best technicians. facebook up more than 40% in one week. what the heck happened, larry? >> the street saw the numbers. t the fundamentals were always there. now everybody sees the fundamental, so you have a pullback today. it will continue to drive forward. i believe it will be over $50 stock this year. >> wow. >> 1.1 billion users, i think will go to 2 billion users. you have an ecosystem where the advertising

focus on metlife, aig is not on here. that's another big lee name. with the yield curve steepening, with the tapering, i do believe that's stocks have a lot of room to run and lee is not afried to be chunky in a portfolio like this which is why he has had such great performance. >> and sandridge he's playing as a turnaround because tom ward has met the same fate. he's out. he really used the company as his piggyback. $300,000 in oakland thunder tickets. he expects to see leverage at the bottom line. >> that's called delivering alpha. that's an understatement. look at the performance of cooperman's picks. the returns are quite stunning. let's react to the fed chairman and the comments he's making today, what the market is doing. anthony, you have been probably the most critical of what could happen to the market once the liquidity is pulled. >> not critical of the fed. i think the fed has done an unbelievable job and i think the children is doing a great job today. >> but you have made the prediction stocks are going to fall and fall hard once the liq

after the close, we'll hear from allstate, cbs, metlife and dreamworks animation. big day. are indicating slightly higher. right now, dow futures somewhat -- 40 points above fair value. the s&p 500 is about 4 1/2 points above fair value. other corporate news, insurance ratings firm am best is putting sac capital on review with a negative outlook. it comes less than a week after the hedge fund was hit with criminal insider trading charges. am investor is uncertain about whether the company's invested assets can be managed now by sac capital. and mary jo white is reviewing possible insider trading rules for commodities. told a senate panel on tuesday the agency is looking into whether wall street banks should be allowed to own physical assets like oil tankers and metal warehouses and trading on the products. the move comes after j pcpmorga announ announced. >>> two top directors at mckesson face a shareholder challenge at the annual meeting today. they're taking aim at alton herby and jane shaw. the challenge comes amid complaints mckesson overpaid the ceo and didn't heed his

bps, mercks, pfizers, glow worm, allstate, metlife, exxon, you pensioned p&g already. >> insurers areelers perhaps no more pricing increases. there's a sense that maybe there's going to be a price war insurance. i don't know. i will tell you this, people are shooting first and asking questions later. if there is no price war, you'll go back into these because they've been remarkable performers. one of the best all year. health care insurers. >> incredible. >> they never quit. >> never. aca nothing but a help. >> oh my. this is just one of those things that happened from washington that was supposed to be bad for these guys and it's all net for wellpoint, united health. humana the strongest stock i follow. >> a look at the opening bell. s&p at the top of the screen at the big board, semiconductor company exar celebrating its transfer from the nasdaq to the nyse. >> okay. >> another win for these guys. at nasdaq, columbia banking system, washington state, celebrating its 20th anniversary. there's going to be ipo action later in the week. sprout, you mentioned whole foods, prosprout as i

so if you take like a metlife, their book value might decline, but their earnings power increases significantlybook value went up nicely this quarter even though the rise in hurts might have hurt their bond portfolio a little bit. >> charlie, what would you say to other investors at the moment about whether to further invest -- i mean, look at this stock, up 25% year to date, it's up over 60% over the last 12 months. do you add to positions, charlie? do you think about booking profits? are we potentially overextended on the financials? >> absolutely not. we are not overextended. on an historical basis, 1.4 times tangible book for jpmorgan, one times tangible book for morgan stanley is still very cheap. they posted probably a 15% return on tangible equity at jpmorgan. in this environment, it should be trading at 1.6, 1.7. we have a long way to go in these stocks. >> i know both of you will stick around and listen to the jamie dimon interview. david, briefly, if you had a question, what would you say to him? >> basically we listened to the call. everything is moving along very nicely. and you kno