after the bell, more of maria's exclusive with mike duke.he asks him some pretty direct questions about the mexico bribery allegations coming up. stay tuned. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. we provide the exact individualization that your body needs. this labor day, don't invest in a mattress until you visit a sleep number store. once you experience it, there's no going back. oh, yeah! at our biggest sale of the year, every bed is on sale. queen mattresses now start at just $599. and save an incredible 40% on our limited edition memory foam mattress sets. only at a sleep number store. sleep number. comfort individualized. [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. >>> welcome back. we're in the final minutes of this t

productivity loop that you and mike duke have talked about.ing things at low prices, allowing you to sell things at low prices, are you able to do that in such a challenging environment. we are not even growing 2%. >> we are. that's what we do. when we operate for less we have the ability to create space and invest if price with lower price possess. we drive customers to our store and that's the productivity loop that we talk about. we have managed our expenses very, very well. despite the difficult top line, we were able to leverage our expenses. >> we know international hasn't leveraged the expense as well as u.s. has. do you need to cut costs further? >> we all focus on expenses. it is not about cost. more about productivity and improvement. as we sell more, we are able to operate better p. a great example is our supply chain. over the last six years, very haven't had to add a distribution center. regardless of what is happening with the top line, we still -- we are still able to take our entire system and leverage expenses because we can s

we'll talk jobs, the economy, and the consumer with walmart ceo mike duke. >>> and why lobster mann men are feeling the pinch this year but you're still paying full price for that tasty crew station. we'll crack open the case on the lobster. "on the money" begins right now. >>> this is america's number one financial news program, "on the money." now, maria bartiromo. >> here's a look what's making news as we head into a new week. abrupt halt to trade at the nasdaq on thursday. the entire exchange shut down for about three hours due to an unidentified software glitch. there's no word yet on exactly what caused the problem but securities could not be priced at all. and there was no response from nasdaq officials before and during the halt. on the cause of the problem. the next day, nasdaq omx ceo bob g guy feld defended the problem. >> we took the am of time, the testing was done. the communication was so strong, we got that communication done and we came back and came back successfully. so it's not our job nor will it be for us to go on the press, you know, to the press, to the public wh

i'm high lly energized. >> my thanks to mike duke, next, "on the money" lobster is clawing its way tohe top of the culinary world and the prices are economic lows. and >> welcome back, hey, did you know lobster is on a roll, as wholesale prices in maine, the nation's largest lobster harvesting state plunged to as low as $2 a pound. that leaves consumers to pay luxury prices. good to have you back on the program. >> great to see you. >> thank you for joining us, we have so much to go through, what is first behind the fact that lobster prices have really come down quite a bit. and the impact that that has had on the consumer industry. this guy wants to travel, okay? i mean, he is -- >> he came all the way from maine and wants to go home. >> he is to move. how dock lobster prices have gone down? >> there's a lot of lobster. but that actually is a good thing. it means that the traps have been maintained sustainablely. >> so even though the price has come down, it's not being passed on to the consumer. what is the infrastructure that makes menu prices different? >> well, the infrastructure

we'll have mike duke, the ceo and bill simon. "fast money" begins right now. nasdaq market site in new york city's times square i'm mandy drewy sitting in for melissa lee tofrnt. our traders tonight, karen finerman, tim

she will be here, though, with part two of her exclusive interview with mike duke in just a moment. bill griffeth will join me momentarily, as well. the trading week coming to a close. it maybe the dead of august, but this was not a slow week by any standard. here's how we're finishing the day on wall street. the dow adding about 44 points or a third of one percent. similar gains for nasdaq, at 1,663. the nasdaq, bill, up half a percent. if you want to know why it's outperforming today, despite some of the stumbles this week, it has a lot to do with the performance of microsoft and facebook. >> yeah, facebook hits $40. who'd thunk that six months ago, right? so a down week, but not a dull week, that's for sure. josh lipton has been on top of it all there on the new york stock exchange floor today. what are you watching there, josh? >> reporter: hey, bill, yeah, we do finish higher today. the dow tacks on 46. the nasdaq is up 19. the s&p up 6. 1,663. the dow intraday, i know you have been talking about this, you saw the drop after the disappointing new home sales data, but then we mo

we'll have mike duke the ceo and bill simon. "fast money" begins right now. live from the nasdaq market site in new york city's times square i'm mandy drewy sitting in for melissa lee tofrnt. our traders tonight, karen finerman tim seymour, john najarian and mike khouw. let's get to the big story. taper tantrum. it was a whip day for the markets. stocks and treasuries both initially sold off after the immediate minutes only to fully recover, then just selloff again. how did you trade it and what did you take away from the fed commentary. >> an awful lot of volatility today. bond markets, currency markets, everything moved a lot today. what i took away was actually i think the fed is less likely to potentially taper in september. i know the market took it a different way, but when i read the minutes and when i read the commentary afterwards, it seems to me that they're's one, data dependent. i don't think the data has been that great. they're looking at roughly a ten year economy. they're at 280, 290 at this point in time. it looks a little overdone. >> they'r

miss my exclusive interview with the chairman and ceo of walmart, a big interview coming your way, mike dukehing from the health of the consumer to the world's largest retailer and how it's dealing with the costs of healthcare. you're watching the "closing bell" on cnbc, first in business worldwide. go ahead of you? go ahead of you? instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. otherworldly things. but there are some things i've

. >>> also, a programming note, don't miss the interview with mike duke tomorrow at 3:00 p.m. back in a moment. . >>> welcome back to "squawk box." jim cramer joins us now from the new york stock exchange. i don't know how you feel about this, jim, and we've never talked about it. to sell to good-looking, cool people, that irked me so much. even though i am, in my view, a good-looking, cool person. is is this revenge? is this abercrombie and fat, is this karma, is this what goes around when you say things like that that you don't want people who might not fit the mold in your store? isn't this what should happen to you? >> yes. and i have to tell you, apparel is a disaster. this is the worst quarter for apparel that i can recall. i have to go maybe all of the way back to a period where there was a big change versus denim where denim went out of style. these are just horrendous numbers. abercrombie is an example of a company that really both got the style wrong and the emphasis wrong. they're trying to sell to who knows what. you can say they deserve what's coming but everybody

speaking of retail tune into "the closing bell" tomorrow for an exclusive interview is walmart ceo mike duke eastern. >>> u.p.s. says it will cut insurance for 15,000 spouses because of the president's new health care law. are other companies likely to follow suit? we'll talk about this. >>> plus, the bell is about to sound across europe. we're back in just 2:30. make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >>> the european markets are closing now. >> let's bring in simon hobbs to get details on the close. that's a lot of green, simon. >> actually, check out the detail and see the strength of the rally on some of those peripheral markets in europe. look at that. up over 2% in spain and in italy. growth

mike -- was a bastard so they wouldn't do. so he was made to marry. all the sons and daughters were married off to german princesses and dukes. but the legitimate children died and was only the duke of york, is one daughter, victoria who survived to take over the throne. mrs. jordan was cast aside, very rich. she ended her days in paris alone. but her story is a really wonderful story and she's a great character. so i enjoyed doing that. as you can tell i'm a feminist to the heart. and so i did like writing about women like that who were being somehow denigrated or forgotten or misrepresented. and that's very important to me. >> claire tomalin, what's your current project? >> i'm having rest your i spent the whole of lester going around lecturing about dickens and i knew to regroup i think. >> any ideas? >> i would like to go back to writing with a woman as the central character, but it's a very crowded field now and it's very difficult to find a subject that hasn't been written about so probably i have to find someone quite obscure. >> this is booktv on c-span2 and we've been talking with claire tomalin, author in london. >>

duke's mayo is the secret to great food. >>> there's some good news for drivers this morning. gasoline prices are going down. mikeopped about a dime in the past week on average it is $3.59 for a gallon in our area. cheaper if you know where to lock. there are a number of reasons, peak summer travel season has passed, supply record levels and our cars are more fuel efficient. any hurricanes could idol refineries, meaning a price boost. >>> three teenagers are hurt after two close together crashes. it happened near small road an harness creek road. a 17-year-old drove off the road on a curve before an 18-year-old driver also ran off the road near by. the younger driver in critical condition the other driver released from the hospital. a 17-year-old passenger was treated for a minor injury. police believe speed was a factor in both cases. >>> the port of baltimore has a record breaking year behind it. port officials say it passed more than 9.5 million tons of general cargo this past fiscal year shattering all previous records. it supports 15,000 jobs in maryland. >>> tax-free shopping is here until august 17th. shop

duke's mayo. made with the same recipe since 1917. the secret to great food. learn more at dukesmayo.com. >>> a much publicized murder-for-hire trial is in the hands of the jury. mikey the jury will have to deliberate. the attorneys finished up yesterday. the defense saying karla porter is an abused woman who either had to kill or be killed. the prosecution saying that such thinking twists the state's self-defense laws. porter confessed to hiring a hitman to shoot her husband ray, as he worked at their hess gas station. the hitman got life in prison. i'm mike schuh in towson. back to you. >> thank you. >>> recent street crime drives residents and business owners in little italy to form a neighborhood watch. the group plans to use electronic surveillance and old fashioned foot patrols. last month a employee was beaten up on the sidewalk. four teenagers have been arrested for that crime. >>> lawyers for bradley manning are focusing on his mental health as they continue in the sentences phase of his court. he faces up to 90 years in prison for giving classified documents to the website wikileaks. >>> and stay with wjz 13, maryland's news ♪ >>> welcome back to "cbs thi

mike -- was a bastard so they wouldn't do. so he was made to marry. all the sons and daughters were married off to german princesses and dukes. but the legitimate children died and was only the duke of york, is one daughter, victoria who survived to take over the