to mike's point, i think micron is a $40 stock. i probably ought to start considering which of the chip names i need to get myself? >> i consider micron -- i have a question. can i buy some stocks -- some of doc's trades? >> i could sell him some of my trades. >> maybe you could do that. you do need a buyer and seller. >>> halfway there. still lots of ways to blow it. what stocks would only a fool buy in the second half? joe, what wouldn't you touch? >> i think the temptation for the second half of the year is to go with the high beta momentum type names. i would not play there. >> murph? >> i would stay away from refiners. i think energy is on the upside. i wouldn't want to be in there. they have already started to roll over. i would stay away. >> momentum is probably not the best idea. i would avoid facebook. i think there's a lot of questions coming to the floor about the company's business model and whether or not advertisers are getting anything out of it. i think that's going to weigh on the stock at a certain point. >> steph

>> micron is is a volatile stock, high beta. can understand in a take lice thlice -- like this, it's going to underperform. >> saying this is a blip? >> part of it. >> a one-day thing for a stock that's had a great run since april. big name hedge funds guys behind it, et cetera? >> right. look at the samsung results, actually one bright not their earnings was memory growth. they expect supply/demand tight in the second half of the year. not only that, number one competitor, samsung, suffering. this is an opportunity. name like micron, i don't know it's the name you want to catch but shaping up to be an opportunity. >> herb greenberg, kicking himself a little today. i understand, herb, at least what you wrote to me earlier. what do you think of what alex just said? >> i actually think alex made a great point given the market. i'm kicking myself what i said in march, concern samsung would come in and increase supply. what you had yesterday, the other interesting piece of this puzzle, lam research came out and had positive comments

micron, symbol, moo. what can i say about a stock that's quintupled in the last few months and it looks like there isn't more on that nei second and micron can indeed keep rallying. i think this stock can earn five bucks to the low 30s and while it will never get a premium multiple it definitely deserves to trade at more than 6 1/2 times earnings especially since hedge funds are betting against it. why? what's the problem here? because historically every time d-ram pricing was wrong and these are the basic semiare semiconductors, they would build new factories to take advantage and the additional supply would overwhelm demand and send shares plummeting. i'm betting it won't. why? because in the past, there were ten companies duking it out in this business without many of them falling by the wayside or gotten out of the business and ever since micron bought al beana and that's a big japanese dram producer and this has been a slap-happy oligopoly, three players, micron, two south koreans and samsung and we

i have apple and micron, i got infrastructure and spec. not call eight drug company, it's a spec, i got oil. this portfolio feeds something real smooth and easy that because gw pharma is actually a spec. let's give it boeing. boeing is down a lot. it shouldn't be down a lot. >> that would be a nice replacement for micron. let's go to myles in new jersey. >> caller: boo-yah, ski daddy, how are you if. >> i feel i have been denied tenure because of some of the stocks i am following, let's go to work. >> caller: bge, syi, cisco feuds, pru, prudential. vz wireless communications, verizon and ge, general electric. am i diversified, ski daddy? >> i totally love it someone has utility stock they pay the bill to. i feel it's the only revenge, they raise the rates, they giver you the rebate in the form of tear dividend, prudential, another great jersey company, a terrific company doing well, doing better than travelers, which has been my favorite. verizon i think is a growth company. we get that last quarter. it was extraordinarily good. sis core i

. >> you love micron? >> love it. >> intel's done well, we know. documented that. are those your top two picks? >> i don't like qualcomm but i look at this call today and definitely do not agree with it. i think there's too much tail winds behind qualcomm now because the entire space is doing well. talk about a run. stock's up 9% year to date. pull up a chart. the stock has a double or triple top there, if it breaks above that, gets more leg. if the space stays strong, i think qualcomm goes higher. >> santelli? >> i don't make much of the clul call. a tactical strategy call outperformed the s&p since november, when they made the call. qualcomm, it's a market multiple, not your leverage play on the sector if you love the sector. my concern more generally is, maybe, known out here is, how much of the good news about the sector has already been pulled forward and priced into the stocks? you had the semiconductor index way, way above the market. it's got to consolidate a little. i don't think it's necessarily bearish for the circuiter but s sure the numbers come throug

look at micron. look at 2013. stock went from $13 positive t. start off the year at $21. it's moved to the upside ever since. right here where the stock actually hit right at those 52-week highs. $34.50. closed around $34. then, look at the next three months on this chart. you can see how much we really have gotten where it's really starting to accelerate up here to the up side. seeing today? stocks pulling back a little. the weekly. expire on friday. the weekly july 33.5 call, 15 cents. 11,000 of these already traded. the open interest was about 3,000. somebody's looking for this stock to spike back up, maybe test the highs. 15 cents. so i'm going to hold on to these for the rest of the week. they do expire friday. sometime between now and friday, if these double, i'm out of at least half, maybe more. >> are you in the stock as well? banging the table on chips? >> i think the stock goes tos 40 $40 share. i don't know when. maybe year's end. with this paper in the short term, short term higher. i was in the stock and added to it today. >> all right. thank you. >>> coming

under a microscope, jones discovered that this red glitter was a hexagon shape, approximately 250 micronsred on one side and silver on the other. it was a very unique type of glitter that just this one company had made. >> jones discovered that this glitter was not a bestselling item. only 10,000 bottles had ever been made. investigators learned that >> jones discovered that this glitter was not a bestselling item. only 10,000 bottles had ever been made. investigators learned that during the fourth of july party megan attended, the host threw red glitter on everyone, including megan. >> i said, do you still have the bottle? she said, yes, i do. so we then went and recovered the remaining portion of the glitter. >> scientists confirmed the glitter in megan barroso's hair came from megan's friend, and it was the same glitter found in sanchez's truck, on the ak-47 rifle, on megan's jacket found in sanchez's trash, and in megan's own car. it was the only piece of evidence that tied sanchez to everything. investigators also searched sanchez's truck for blood. >> when the tech put a luminol on

micron tech down 5% after samsung said it is adding supply and d ram. market fear is that this will cause pricing to weaken for micron. micron tech, worst performing stock on the nasdaq 100 in today's trade. the other area that we are seeing sharp losses, the russell 2000 down 6% in july. b of a/merrill lynch says july has been one of the worst months in recent history for small caps versus large caps. despite the sell-off, value u sags, still expensive. that's a concern when you see such a big sell-off in the russell 2000 because it is an index that houses a lot of domestically oriented names. small cap index down about 2% today. >> ouch. seema, that's the only word we've got for you. >>> how are our traders here at the new york stock exchange reacting amid this sell-off? >> joining us, peter costa from empire executions, gordon charlo pch charl charlop. >> you got to look for 1,900. >> is that the next spot you're going to watch. >> gordon is more of a technical analyst than i am but i think 1,900 is a good spot to look. i do think we'll see it. >> it

you can also see the previous micron stories available on all here at kron 44.com >> pam: back to our top story: >> they still owe him money >> reporter: why some and the organization says the jury's decision does not go far enough. ♪ 737. 737. right there? you guessed it. how do we save on operational costs? with the world's largest fleet of boeing 737's. one of the many ways we bring you $69 airfares. limited time sale fares starting as low as $69 one-way. if it matters to you, it matters to us. book now at southwest.com. ♪ [ female announcer ] the internet gets more exciting the faster it goes. that's why, coming soon, xfinity will double the internet speed on two of our most popular plans. xfinity continues to innovate, bringing you the fastest, most reliable internet, period. [ heart beating ] xfinity internet from comcast. double the speed. [ heart beats ] >> pam: kron4 investigate the crowd at a water leak in the day. the brian stow case as we continue the coverage of the verdict. >> jacqueline: we will finish tiny owl fault >> jacqueline: we will fheat shields are compromised.

. >> this is micron story. >> reporter: shutdown on monday leaving about 300 students without nothingbut transcripts. >> i have no other options. >> reporter: mother of four is a medical assistant. she joined the college to create a better path for family. >> reporter: jennifer did not lose any tuition money but some students take anywhere from 16 to $18,000 in tuition. with a bright man suddenly canceling classes on friday. she knew something was not right creek >> what would you cancel class. you never cancel class is. >> reporter: ordinal guarantees the students credits which transferred anywhere else many jennifer may have to start all over creek >> the kids are not the kids are stating that i would not make more money there asking questions. not at this time to rid >> reporter:bryman college >> reporter: we also have the recent kron4 stories that are reporters have completed. your heart just breaks for these people. they are going to school and working toward some think. they have to find a way to make this work. >> reporter: there is a lot of money people are out addition to the

micron scale, not good for spaces or rovers or actuators or camera lenses. go for not the place to your summer vacation. scientifically, it is. we have learned that since the first voyages of the 1960's and into the viking era. it is what we see and what we get are really a little bit of a misnomer for what really mars has done. we have to look at the mars today and project back in time to a planet that we think records in its record book something to really help us understand our planet earth. mars has an extremely rarefied atmosphere today. we have often talked about the temperature on our toes versus our head. through gradients of tens of degrees. common on mars. the kind of surface liquid water would like here on earth, necessary for microbial life, cannot exist today. , at least on state the short term, is unstable. that could change. mars does climate change really well. the record of water on mars in the minimal's and landscapes, and much wherever we look is there. we learned that. if someone said we discovered water on mars, one of our science collea

>> there are so many other stocks like micron that is priced right. that was the early stages.t mind chasing them? >> i buy stocks that 52-week highs. >> what about oversupply? what do you mean? >> i am technical lead the market came down in 2000? the stock was highflier with a lot less earnings and it has now. so as it moves up over time. >> over 12 years? charles: you know, my mantra. i will help you build wealth and listening to those naysayers we have invited the market bear to tell us why he is right this time. the showdown is a couple of minutes away. the name of the game is "making money." ♪ ♪ when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commit

starting tonight at micron for >> : [ heart beating ] the faster it goes.hat's why, coming soon, xfinity will double the internet speed on two of our most popular plans. xfinity continues to innovate, bringing you the fastest, most reliable internet, period. [ heart beating ] xfinity internet from comcast. double the speed. [ heart beats ] her face covered in blood coming up 838 crimes a lesbian couple shares the story for the first time plus the felon who took good care is a mug shot lands a new job at his new opportunity ahead. my entering developments unlike count and right now threatening homes and hundreds of back to where more than 2,000 a. have burned. let update and health hazards to of opposing coming up. extorts niobate area to huge wildfire at hillside smoking large clumps of north bay hundreds of firefighters on the ground and the air. advancing flames at bay. the latest details >> : don't know how the fire started in northern napa county but once they did it set off. firefighters from all over the bay and beyond right now getting ready for over

you can tell drizzle from rain because they major it in microns, so it's .1 grits of an inch. particle size and raindrop size, that's visible. especially right along the coast, san jose at 73 degrees. blue sky, that's a live picture in san francisco. 80degrees for the overnight low in parts of san francisco tonight, and we will go 65 degrees for it a daytime high tomorrow. the real deal tomorrow, it will warm up of little bit. tomorrow morning when you get going, is not the fog out there. then that fog should go right out in the area. that should be clear on the inland the alleys and then warmer as we head into saturday and sunday. temperatures in the 90's, sunday will be the warmest day due to the high-pressure center. tomorrow is abe warmer day. and just today were cooler. tomorrow's temperatures increase and it a or typical summer pattern change fog at the coast and more heat in the bay valley. they're quality has been good this will take a little bit of they hit the temperatures elevated sunday and monday and the inland valley warming up. the five-day forecast, is coming u

if you've been in a room where anybody has been playing around with explosives, the tiny microns as they're call aed, wi show up on that detection. without that, it's hard to find it. >>> stay with us on bbc world news. coming up in a moment, how much does a chipmunk weigh and what does that tell us about endangered species? we'll tell you that. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ ♪he cadillac summer collection is here. but it's always about the very thing we do best. ♪ during the cadillac summer's best event, lease this all new 2014 cts for around $459 a month or purchase with 0% apr and make this the summer of style. the last four hours have seen... one child fail to get to the air sickness bag in time. another left his shoes on the plane... his shoes! and a third simply doesn't want to be here. ♪ until now... until right booking now. ♪ planet earth's number one accomodation site booking.com booking.yeah! >>>

you are hereby to make clear we have a great news sponsor as a result of this collaboration with micron technology return to the valley after an absence but now starting to rebuild their presidents and we are so delighted they stepped forward to see this as though wonderful event that we saw. paying cute make that possible. and as our partners to day to take advantage of that we will see you out there with those good people. we're doing to sound bites thursday's july 24 is just like this michael malone will be here from silicon valley who has written a brilliant new book called the intel trinity. he will be your as we do the interviews. so we hope you will be here for that and finally we return to revolutionaries after a summer break with the early days of the internet with q&a a cards we hope you take advantage after they do the presentation and now for the program doug menuez if very accomplished author and photographer and has done important work all over the of world in for a variety of fields and today we focus on this incredible project called "fearless genius" the digital revolut

money come off the table with chip stocks, that was considerable money considering what happened to micron today. the market is trying to price prosperity. at 4% gdp 7/10% industry increase in the employment cost indice is a indication of good. the market is recovering and you need to be in stocks. the sell-off is a function of asset allocation models not sure where to go, because you're seeing the bond market. you see the yields trade above the 6 level. and the allocation moves into the bond market, the numbers haven't moved that much. you're seeing i believe a reset and tomorrow, the first day of the month should prove very interesting. will the sector rotation continue? i believe so, is it a global market correction? i doubt it. liz: let me mention, the 30-year is at 3.32%. charlie, do you believe that what ben is saying is correct? there's still very much a stronger foundation underneath what is -- call it what it is. the 1-2% sell-off. i wouldn't jump off the roof on something like this. >> no, but to me we're at key technical levels. russell breaching the 200-day moving average and t

micron and sandisk are climbing. ibm, a total beleaguered stock. theme number five. welcome back airlines. whether it be the higher price of fuel or worries about a consumer slowdown, one of my favorite groups had been taking what i regard as a well-earned rest. no sleeping beauties here with delta, american and southwest busting out today. you want companies that are going to report huge earning surprises? this group will be loaded with them. and my favorite is american. finally! there are super momentum stocks that are supposed to lead to all sorts of 2,000 rollovers, more like the bain of the short sellers' excessiistence. it's tough to keep those troopers down like it's hard to keep chipotle down. chipotle can pass on the cost of salsa and limes. i think the benefits of scale may be playing here. size always does seem to matter. they've got almost 1,700 restaurants. what is a rally with some terrific performance from the fresh face ipos like arisa networks? the smaller, faster cisco rally. it's a cross between ebay and amazon. then there is go pro. did you know g

. >> i think at the performance side of things, micron, i think there is a lot of upside, you look atorwarded p, the acquisition they've made, the positioning into the apple product line. i think for that reason that as well as canadian pacific. that's worked well for ackman. he has done an incredible job with that name. i think it has upside based on what tim is talking about, this oil, gas, shipment of autos, everything, if we get any resurgence with coal, that name is gage lot higher. >> be sure to catch "fast money" live from the alpha conference next wednesday july 16th from the pierre hotel, john paulsen whom i will be interviewing, a few of the names set to speak at the conference. you won't want to miss that. >>> coming up, the real reason why apple's manufacturing partners fell more than 15% on today's session, later, we go pence the britain of a trader the result of one new study shows the high earners may exhibit the most unpleasant emotions. "fast money" will be right back. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. td

half of these companies we are talking micron and electronic guards and even green mountain, a lot ofare written off. there were too risky investment. here's another's receiving, nine of the 10 were up in 2013. i say stop fretting because let's take a look at the losers. in the last four quarters out of a possible 40 combined earnings report these guys missed consensus 17 times, 10 times the loss expense and they reported results five times, so what that means, their combined earnings only beat wall street consensus fewer than 50% of the time. some of these names we can see probably would struggle, staples, but often beyond, best buy t.j. maxx with a lot of competition. they haven't moved quickly enough to adjust business models and some these guys are just flat out losing to their competition. all 10 of these guys were up last year, so maybe you shouldn't chase, but here's the real moral of the story in the end the biggest lessons that you have to look under the hood at least four times of the year during earnings seasons and pay close attention to the earnings result. for me, the pr

facebook, micron, linkedin are up 2%.look at eog energies, up almost 2%. seems like 2% is the key number for tech and energy names. gold is where we saw the pullback. david: 3% is the figure we got out of citi, up huge despite the fact they had to pay that big fine. >> right. seven billion was the decision on settlement on the mortgage probe investigation. that is the first part of the news. citi came out with earnings and did well overall and beat the street in several areas. with that the stock managed to hold on to some nice gains. 3.1%. liz: the sexy stock of tesla, those shares are moving up following news out of china could boost sales. sort of a government edict, correct. >> over in beijing they will demand for electric vehicles. that benefits tesla. that was up today. $226. [closing bell ringing] david: 52-week high for apple. thank you very much. look at this, holding on to gains. yeah. liz: as we really scrutinize the numbers here, it does not look like a record close right now. david: not quite. liz: we need to

micron, a lot of discussion about what happens now. or supply chain problems in the back half of '14? >> i think at a general level, whether it's inventory or the pace of spending by our customers, i think one of the raelts of c realities of consolidated industry today is a level of discipline around managing those risks. at a very general level, i think our outlook is reasonably certain and confident and we would certainly have an opinion that variability is reduced as a by-product of consolidation. always for any one customer, we have to respond to volatility on a quarter to quarter basis. but i think generally speaking, discipline and focus on sustainable profitability and return investment is a healthy reality of the history of our customer and the capital equipment industry as well. >> i think people would argue that discipline has actually been evident in the past few quarters. the question now is whether it's slipping a bit. you don't see that? >> no, i think -- i have a lot of confidence that the discipline we've seen recently

in third place, energy company williams, and in fourth is micron technology. >>> that list, of course leaves out, by the way, companies that were involved in m & a. >> there are better performers, but what's the point because it got bought, it's gone. >> totally. more headlines regarding pimco this morning. "wall street journal" reporting that bill gross that is threatened to quit several times in year all stemmic bag to the resignation of the former ceo seeing net outflowing for 14 straight months. >> cnbc's big conference delivering alpha is tomorrow. one of the investors is ken griffin, a guy that runs citadel investments. it is a very rare interview, courtesy of our own kate kelly. all right, kate, you can't give away too much, because ken is probably watching the show, but i'm just going to assume, and he probably will, too, you might ask him about michael lewis or high-frequency trading. >> that will certainly be high on the agenda, though there are plenty of other things we can discuss. he running two businesses, a $20 billion hedge fund business, and a securities business that

down from its high, micron tempting down 6. wait a second, a 60 second decline. they say the d-ram capacity the principal product coming online, they are probably ready to sell. how about the soft good trades? i always bot the food and drug stocks if economic chaos. people have to eat and take their medicine. however, they reported a really nasty number. kellogg, so dit kraft, who has layer. all the good biotechs are taken, they're ready for highs. pass. well, i love the oils, my favorite big cap oil. what do you push endlessly? world dutch, opportunity? for the, up 1.36. not buying it up on a down day, exxon, hrnlgs wait a second, shed $4.35, no, domestics? they trade with western texas intermediates, the price of oil is plunging, up $2.5 bucks thanks to the stronger dollar. that yield rallied off the exceptor real estate investment trust. it needs to come down, t-mobile's desire the take share. how about t-mobile, itself? a good quarter the stake. i know. restaurants, retail, best near the 52-week high, worst two dangerous to own. how about my dooms day list wi

micron trades at 11 times earns, a chip company believe it or not, and this stock is up 53%. >> thanks for pointing them out, dom. burns mckinney is a division of al yanz global division, and also with us is john bucking hamm. both of these gentlemen like technology stocks. byrne, starting with you, forget the sexy names. old-school tech is where to be. >> specifically from our perspective, we have a focus on dividend-paying stocks. we've seen a bit of a rotation in recent weeks and months off sexy, the cloud computing names. >> intel specifically, which has done very well. >> one of our largest holdings, trading about 15 times earnings. they have nearly a 3% different yield. in fact over the last decades they have raised a legendary rate. >> john, what about you? within the broad realm of technology, where are you buying? >> well, we also favor dividend-paying stocks for the prudent speculator. we have done well with names like apple. we like a hold of that quote/unquote old tech, but where you might be putting money are the names that haven't performed that well, so something like a

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in terms of some of the biggest losers, intuitive surgical, wynn resorts, micron tech, and the so-calledentum stocks tesla and amazon. the sell-off broad based in today's trade. despite today's movement to the down side, a couple notables. apple, the best performing stock on the nasdaq 100 in today's trade despite the recent run to the up side, cantor fitzgerald says shares are inexpensive and offers a healthy up side potential with the iphone 6 and a wearable of some sort expected. blackberry breaking through its resistance level. that's seen as a bullish indicator for thoth who is track the technical side of things. analysts still say that blackberry is still in the early innings of its turnaround strategy. tyler? >>> jules next iphone may be assembled by a robot, not a human being. according to apple insider, the partner manufacturer plans to roll out bots and possibly in time for production of the next one. the initial roll-out, foxconn is planning an installation of 10,000 robots to replace human workers at a production speed of 30,000 devices per year, that number of robots would t

micron tech a stellar run over the past year. up 50 percent mrs.nd linkedin among the other losers. you wonder if the volatility in the names will keep traders to the sideline on position themselves into large cap tech, by the way, ibm, hp and cisco all in the green. carl? >> sima modie, thank you very much. >>> john, yesterday was tough. >> yep. >> worse day in a while. we talked to gene this morning. is this typical pre-earnings jitters or not? he believes we're moving into a period where user growth is not enough anymore. monetization, we always talk about it, this is the show-me quarter. people will not forgive those who miss. >> i think they're worried if it rolls over. look at a chart and see it go from 2000, at that 5000 level back now to where it's almost, 500 points shy of that, during which period the price to earnings multiples have gone from 39 to 22. the companies are making real been. it's been a substantial correction and fixing of what didn't work in 2000, now real companies chaerching the dreams of 2000. with that said, i agree wit

micron pushes on 34. you see a huge trend. folks are definitely putting themselves deeper into some positions and a lot of money continues to flow. >> is that a rotation? you're talking about buying more of what has already worked. that's not a rotation -- >> but you are seeing rotation out of certain areas. you get small caps then don't get small cap participation today. nod the energy participation and yet getting certain parts of energy that are still working nicely. >> what's interesting, the chips are telling you the economy is getting better. a leading indicator. cap spend and that thing. data today, actually pretty good, on ism and construction spend go ahead and pmis above. talked about this ad nauseam. above 50, in expansion for the last now 19 months, in a row, so we are seeing a recovery and i think you're getting little pockets of data every day now that show we are in fact recovering. so i think you have the banks participating today because you have interest rates moving up a little and you will see interest rate

micron technologies, taking a loss. netapp, expedia and tesla with the top five.ing lower, there are a couple of bright spots. look at blackberry. shares continue to move to the upside after reporting better than expected earnings but i'm being told by analysts that today's move is purely technical. $11 a share. that was a key resistance level. i'm told the breakout above that level today suggests near term follow-through. back over to you. >> got people's attention over the past few weeks. thanks so much. >>> now dominic chu. >> another stock to check out here is retail me not. the online marketplace for coupons and the stock falling on a bear on the street column increasing competition from the likes of google and changing advertising models all helping to contribute to that story. you can see there the stock off session lows and still 6% in today's trade. back over to you. >> thank you for that. >>> when we come back, seattle's going green. the editor of high times going to tell us what to expect whether legal marijuana goes on sale in that state tomorrow. the

micron, seagate also higher, so technology playing a big role here, biotech, another big story here, ron, celgene, gilead sciences, some of the notable stokes higher on the day, contributing to the nasdaq's outperformance, definitely a risk-on rally. that's what helping the nasdaq get a nice lift. mandy? >> thank you very much. seema mody. let's bring in more voices. sue herera, ron insana, and guys, of course you've been covering the markets for cnbc for many, many years. you watched us go up, and then all the way down to the march 2009 lows, and we've come all the way back up again. it's a bit of a roller coaster. >> always has been >> it makes an interesting job >> we started working together when the dow was under 1,000, just breakic through 1,000 when i got to -- >> the dinosaurs were nice itches what's interesting about this move is that it happened in a matter of seven months, the same amount from when it went to 15,000, 16,000, those times are getting shorter. >> they are getting shorter, i think the fundamentals are getting a bit better, i think the momentum in the market is

or look at dram chips where micron has been on fire again for the last couple of years precisely because that business went from ten different players to just three. the beer business with constellation and molson. goes on and on. when you have fewer competitors in a given industry, it almost always results in stronger pricing which leads to greater profitability. and i think tobacco will be no different. if anything, consolidation could matter even more here because at least within the united states, it would mean pretty much what i call a creation of a slap happy duopoly with altria controlling perhaps 90%, 90% of the market for cigarettes. might realize $400 million in synergies from cost cuts, but the real moneymaker here is the increase in pricing power for the industry. think about it. if the only two players in the tobacco business who matter are altria and reynolds, it'll be incredibly easy for them to avoid competing on price without colluding. that said, a lot more clout with or some would say against the retailers. now, the great thing about tobacco business is because it's il

. >> murph, do you get to mike's point, and quickly, the point where you want to trim some micron? >> not at all. if anything it's in a better position today than where it was in january when he didn't like it. >> that does it for us. "power" starts now. >>> tyler is back at hq but we wanted to start this hour right here from the floor of the new york stock exchange and post 9 because of the massive turn around and volatility that we're seeing in this market. take a look at this chart. here's the drop to the downside right when the dow jones industrial average started the trading session. it was down 180 points, just seconds after the opening bell. the vix spiked better than 7%. then things calmed down a little bit. as a matter of fact, we started to see kind of a slow gradual build in the markets until right about here. that's 11:30 eastern time. the european markets were closing. the dow had recovered basically half of its losses. we were only down, only, about 85 points. hour, take a look right here. we're going to put a circle on this. this basically is where we are now. and as

meantime, micron, charter communications, whole foods, apple, among the names leading the nasdaq to the down side, do you more than 1.5%. amock the big players i know you want to talk about yelp, something about tech and earnings? >> broadly, these companies are expensive. any cracks in massive growth and massive opportunity they get punished. and in the information, an article out today talking how limited supply may prop up the tech stocks, because there aren't many ways to play it and not a lot of ipos. another point as well. hot air can easily come out of these stocks. >> we mentioned yelp. raised projection for the year. up 27. what's wrong with this? >> who cares about a little profit on a company that's $5 million? supposed to come in at 82,000 local active business accounts. that's the businesses advertising on the platform. instead came in at 80,000. 4.5% of the total business accounts they have. it was 4.6% in the prior quarter. so it's not expanding fast enough. >> yelp's proposition has always been it's the go-to name in local. the name to beat. when you see growth like that

sprayed in the field, and they put them in microcapsules the size of maybe a diameter of maybe 40-50 micron, the size of a dust particle. and the honeybee, of course, when they went into the flower would turn back to its hives loaded with the stuff. and sometimes the honeybee withs would die of this, or they would carry it in their hives, and the whole hives would be dieing. so -- dying. so this evidence, epa discover and they began to takictures of honeybees, and they put them in nice folders, and they were urging their superior, let's put the moratorium on this. but they never took them as serious consideration. so they kept, in fact, they expanded the use of this kind of insidious chemical from corn to soybeans to alfalfa to all sorts of other crops. and the honeybees, of course, continued to die. and right now we are in 2014, and the honeybees face another version of this same sort of material coming out of -- they call them -- [inaudible] and this is just as deadly as the type of materials that they used in the '70s and '80s. and so this story -- [inaudible] number one, that the epa fo

. >>: here and santa clara micron for story a position is a mounting against the city ordinance.gainst single family homes against, the students. it comes with a planned about noise and a laid-back parties. they said this discrimination and have now this place hundreds of students. they said that the order in ordinance will also negatively affect property values. >>: in here there are a credit and the smarts of 11 year-old girl for the arrest of a predator. and 11 euro the girl was walking to a youth center when a man in a parked car has passed at is ankles and reach out and grab. she broke free and call the 911 and ran to the u.s. senate and shortly after the man was arrested. 53 rosemont been salas was arrested for kidnapping and sexual charges. >>: to murders and today is the latest one happened downtown and the fairmont hotel. that happened around 2:15 a.m. police are still searching for five to six men did not believe it was gang-related and the victim's name cannot be released right now for the wrong toes he was 33 years old. this is san jose's 22nd murder of the year. >>:.

micron technology's heads up this list. trip advisor, which we know has been a high flyer. that is a look at patriotic versus not so patriotic word folio there it >> thank you so much. our senior markets correspondent. ♪ moving and shaking this hour, the espn president, john skipper. the network's telecast of the world cup was huge win for the network. in an exclusive interview, skipper said the match was also live streamed by over 3.5 million users despite criticism on social media that there were glitches in the streaming. of the people had a very good experience. the game, i promise you, will look great. our guys have done a great job. we can handle an enormous volume of digital users. of bracket lot participants join us. we can handle scale. >> it has been a sweet experience for espn. fox won the right to carry the next two world cup. >> a great job here, we are having a great job -- great time. a great event. and of course, there will be regret and not having it. but that is the capitalist system and we will continue to participate. >> he can watch all of my interview

we have gilead, micron. it is a diverse group in terms of industries.ing for the companies with sales growth, what is your threshold, if you will? more than 10%? growthant to see revenue at about 10 percent overall. the s&p 500 looks like it is going to be 5% overall revenue growth. we want the strong revenue growers. >> the stocks are in very different sectors. are there any sectors that you are looking at? growth at gilead is different than sales book at facebook -- growth that facebook. very concentrated portfolios. only 15-20 holdings. that said, we want ever suffocation. it is picking up the jams. the gems. it is seeing company by company at the headquarters. is there enough revenue growth from this business? can this business really accomplish what we think they can over 4-5 years? >> you think a lot of the m&a action is defensive. inversion,ot of tax that a lot of other people think is defensive as well. jack lew had an op-ed writing about this. he has written to congress, he wants to see a retroactive tax inversion law. he wrote that while the i

. >> : micron not the only major problem in oakland's today that the police were dealing with today. then more problems with the new bay bridge eastern span billion dollars cleaning job that bridge needs now. >> : bridge needs now. >heat shields are compromised. we have multiple failures. what's that alarm? fuel cell two is down. i'm going to have to guide her in manually. this is very exciting. but i'm at my stop. come again? i'm watching this on the train. it's so hard to leave. good luck with everything. watch tv virtually anywhere with the u-verse tv app. with at&t, the u-verse revolves around you. oh i knew i forgot something... i'll just do it now. well, we're boarding. no, i'll use citi mobile. takes two seconds, better safe than sorry right? yeah who knows if we'll even get service on the islands? what! no service? seriously? no electricity, we're going to make our own candles, we're going to churn our own butter. oh, we lost one. can't leave a bag unattended. bank from almost anywhere with the citi mobile app. to learn more visit citi.com/easierbanking francisco police looki

but if you look at micron devices, very bad action in the philadelphia economic index this month.d down a little bit as the sector goes higher. so it's the same shade and tone of the market but maybe amplified if you will. >> the beach greenhouse at ing made news over the weekend. if you put aside whether you can invest in european market debt, right now there's nothing that compares to u.s. equities. how do you feel about that? >> that is one of the great cases that has been made and continues to be made about, well, i've got no choice, what do you want me to do, gamble in the gold market or speculate in real estate? london or new york or maybe take my chance buying bonds where one can do what you implied to get a high-quality dividend from a u.s. international company and took your chances there. in many ways, it's the sort of default position. and yet it's not really a strategy. it's sort of a mindset, which is to heck with it, what else can i do kind of approach. and that's a fickle thing that can change easily. >> i like that quote. so great to talk to you. chief market techn

micron reported good number, not flying. apple reported a good number, it peaked.was great but you need to see -- i hate to put pressure on twitter -- but twitter has to deliver something. >> that's tomorrow night. >> twitter's going to maybe, in term of make or break, got -- >> a little work to do. >> it's a $22 million company, it's smaller than the other name you mentioned. not even in their league. >> i totally agree. i'm talking about zeitgeist of the market. >> twitter captures -- it's like, facebook was good, i'll buy twitter. facebook is the only big cap tech stock that did well last week. i just worry that you get a lead off the health care stocks, we saw peaking in biotech. remember, gill add, people are stopping me on street, what's with it? gilead ran a great deal. i thought the celgnene was enough. i'm not being bearish. we've got to consolidate. this is consolidation action. tyson told a division. that's starting to come back. i don't like -- consolidation is not a dirty word. it happens to be where we are consolidating. tyson was a miss, though sales