. >> in a moment, nokia used to be the king of the mobile phone market. we will look at how apple and android have knocked it off the throne. >> first, a look at the other stories making news around the world. the former head of egypt's intelligence service has died in the united states. he was undergoing medical treatment. he was a close ally of former president hosni mubarak. he was appointed vice-president during mubarak's final days in power. and india's parliament and state assemblies have voted for a new candidate for president. the former finance minister is tipped to win the largely ceremonial post. the result is expected sunday. >> massive job cuts are in the offering at deutsche bank. leaking details said 1000 bankers are being sacked by germany's biggest financial institute. that is 10% of the work force. the ax will fall mainly in london where deutch has its investment banking headquarters. -- where deutsche has its investment-banking headquarters. >> high winds and extreme heat are hampering efforts to control wild fires in parts of mainland

nokia has lost 1.7 $2 billion, sales down 20%. smartphones sales down 30% compared to the same time last year. -- nokia has lost $1.72 billion. it's cutting 40,000 jobs and closing plants in finland, germany, and canada. it has an agreement with microsoft to run the operating platform on its new phones. and has not gotten off to a great start. to to late fo -- is it too late for it to catchups? >> the financial markets have lost faith in nokia, making life difficult for them. and we have the huge momentum with apple and androids, so they are battling against that. in the fourth quarter if there is expected to be new software from microsoft, which should be a platform from which better things can happen. >> they have a tough way to go. the nokia share price has fallen 50% in the past year. >> china is prepared for major change in leadership with president hu jintao and other senior leaders stepping down after 10 years in charge. the president has overseen a decade in which china has become the driving force of the world's economy,

we break nokia's numbers.d for much more in depth analysis and market reaction. >> in case you want an update on the golf, two under after five. >> see you tomorrow for everyone but europe. >> yeah. >>> good morning. sharpen those pen sills. earnings are about to hit the tape fast and furious today. on the economic front weakly jobless claims top the calendar plus exclusive access to the rare conversation between two former treasury secretaries, robert reuben and hank paulson, two different administrations, one serious warning fluror lawmakers. it's thursday, july 19, 2012. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on

nokia claims it infringes on its patents. nokia does not have a tablet of its own.junction against the android hardware. >> the chief executive bob dime season resigning. yesterday the chairman of barclays resigned saying the buck stops with me after the scandal dealt a blow to the reputation. it was fined $453 million by british and u.s. regulators for submitting inaccurate reports on its dealing zbxt good news for the zoo. it had been wanting to expand. a judge rules blocking environmental group efforts to stop that expansion. the zoo will now expand more than 50 acres into nolan park. it said it plans to build a veterinary hospital and a new animal exhibit. >> a bizarre story out of san francisco. 82-year-old woman ends up in the hospital after scolding a boy. the boy's father didn't take it well and pushed her to the ground. the 82-year-old is now in the hospital with a severe head injury. the man says the woman fell and hit her head. police want to talk to the father. >> we continue following a developing story in oakland. police have torn down a camp at lake v

it is a rare silver lining for consistently disastrous name, nokia. yes, nokia. up more than 5%. second quarter loss in line with estimates. not as bad as some feared. sales coming in better than thought. it's biggest one day jump nor nokia and i think about a decade. >> yeah. since 2001. absolutely. nokia down about 70% over the last year. another real disaster in the headlines, the weather's impact on america's farm lablands. is there any relief in site? what are we looking at here, todd? >> mandy, not necessarily looking at anything in terms of the true encouraging news and things can go from bad to worse quickly. today, thursday, when the drought monitor's released. the numbers seeing the drought expanding across a few areas, especially the midwest a. number of areas between last week and this week jumping in percentagewise almost 10% with moderate drought and more than that with severe drought areas. break it down state by state. there are a couple of states dramatic. one of those, may 15th, indiana, a little area. check it out by july 15th, a huge percentage of the state. 9

we're looking at nokia. that's not shaking our next guest from his buy rating on the stock. townsend joins us on the fast line. >> it's great to be here. >> the ceo made interesting comments. one being that it's a marketing problem but there is no problem here. that seemed to really worry investors. do you think the course will bring the company back? >> i hope both. i think it will be a gradual process. it has been bloody up until now. i work closely with a company which is one of the leading market research firms. they have been in my ear for sometime about the technical qualities. and i have been very concerned about the decline. the operating system that noqia has been heavily relied on. but as that disappears and we start to see them do better, i think there is an opportunity here for the battered and bruised stock to do better. >> your buy rating is predicated on a turn in the company's own business and organic turn around as opposed to another force or acquisition of the company. >> most definitely. i think the massive talk we see out there about somebody coming along

the thing that impresses me a little bit more about this video is that it was all shot on nokia cell yep. entire video was using two nokia lumia 900 phones, all part of a competition to give away a few of these phones. cool. i would say this constitutes as hard core park core. >>> get your thumbs out. because it's time for -- what to do with your fat thumbs technology! have you ever had that experience where you're trying to use your smartphone while you're carrying a whole bumpkncf other stuff, your fat thumb gets in the way? >> you want to type something, you a though correct makes it something else. >> there's new technology that can help with that -- called fat thumb interaction technology. with this fat thumb technology, you can control your phone with the one hand just using your thumb. >> i would like to know how to get this and how the heck it works. >> we should bring in our fat thumb expert. hey! explain how this works. >> they can sense how much contact size your thumb is taking up on the screen. depending on what the size is, it can do different actions. if you're only us

nokia under $2. still too early to buy nokia. once they start losing money -- >> i know. this is a $4 billion market cap. >> a lot of cash still. at the same time, you have indicated, david, that management's not willing at this point at least to entertain the possibilities. >> the conversations i've had with their bankers have indicated at least there is still -- they are stubbornly clinging to the idea of a turnaround and other restructuring moves they can make. not selling the company. that can change pretty quickly. >> the company is not located in auschwitz. it's located in waterloo. moscow would be worse. napoleonic references are in keeping. >> on that note, coming up a live interview with general mills ceo ken powell ahead of the company's investor meeting today. what the future holds for the home of brands including pillsbury and green giant. >>> good day for the bulls. dow looking to add about 66 at the hope. more "squawk on the street" straight ahead. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug t

seeing how the markets react to it ok let's talk about one stock in particular going to talk about nokia. shares of the film and phone make a nokia have rocketed the most in a decade those on strong second quarter sales of its five ship smartphone which unexpectedly rose to four million units now rising cells are bright spot for the former global handset leader as it was a fifth consecutive quarter of prolonging revenues so let's check out those exchange rates that will get the ball affording this thursday pushing the euro to its highest level in almost two weeks as u.s. stocks recover as we've saved after week economic data amid the federal reserve will compensate with easier for the scene measures that's what people are hoping for right now i should say is dropping ever so it is but in the days trade it is gaining ok we got the russian markets as well we'll see how they closed up it was a positive day here in moscow and that's following on from the global equity markets as well as domestic data as well we had inflation falling at a record low pace stocks are also helped along by all pr

i did mention corporate results of this talk about nokia that because she has opinions phone making nokia they have actually rocketed in the most in the decade that sold strong second quarter sales of its frog chip lumia small which unexpectedly rose four million units now rising cells are bright spots for the form of global handset as reported a fifth consecutive quarter of punching revenue. i care is have a look at the exchanges that will go to your are just as likely down there want twenty to sixty as for the variable this is how it finished the trading session today as it did manage to get a against the year the us dollar out of we had on to the edge to markets to see how the markets here must go before today they close imposed to charity as you can see just that we had some healthy green arrows healthy guys are those fall in the gains may vary across the board says across six the markets as well as encouraging to messick days ahead we had inflation falling at a record highs us stocks are also held by or prices as well seventh day of gains for us we know how that impacts the markets h

this nokia has become a footnote. it's not that relevant. you can subsidize it all you want with verizon and at&t. nobody seems to want this phone. i'm not saying that siri's on fire anymore. we got a negative piece on siri. i thought it was discriminatory. i thought it was misogynist. i believe that nokia is just one of these things where it's dead on arrival. microsoft operating system, microsoft -- i did find one user of this -- i have found one nokia buyer. i found one that's very satisfying. >> steve ballmer. >> i may be in the minority. he's the ceo of microsoft. it would be amazing if we were using an iphone. >> that's true. >> would he walk around with it in a paper bag so it's not seen? >> yeah, the people insulting my blackberry. i don't know which brings more tears, r.i.m.'s chart or nokia's chart. >> but it's still too early to buy. groupon, nokia, research in motion -- it's still too early. we're clearly getting there. >> really? >> there will be a day? >> there will be a day. that day will come. >> is that the same day where we

or in nokia phone? i was in finland, talking to somebody who was at the nokia board meeting the month that the iphone came out. they passed the iphone around at the board meeting. the fatal " was "why should we care about this?" from the closing t ford -- from the national governors' address, prof. steve blank. find it online at the c-span video library. >> house speaker john boehner today accused president obama of a lack of leadership over the automatic spending cuts in defense and other areas as part of the 2011 debt ceiling agreement. speaker boehner said president obama only agreed to sequestration so he would have to deal with it only once before the election. wednesday, the house passed legislation that would give the obama administration 30 days to provide for how they would deal with the 100--- $109 billion cut agreed at last summer hostel. deal.t summer's the >> good morning, everyone. people are looking at the president's economic policies and asking the question, where are the jobs? this wee

we saw it in research in motion, nokia. we always see it.ave been skeptical of it ever since herb greenberg introduced the concept of >> announcer: lightning round is sponsored by td ameritrade. [ bell ringing ] >> it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? time for the lightning round. we'll start with john in florida. >> caller: hi, john. the stock i'm interested in is vbo -- >> i'm done with it. that's mobile advertising. i want nothing to do with it. sally in california. sally. >> caller: hi, jim. a big boo-yah from california. >> right back at you. >> caller: what can you tell me about talisman. >> the second rated oil company. [ sell, sell, sell [ sell, sell, sell ] >> let's go to jeanette in florida. >> caller: i'm calling about a stock that never seems to do anything but it has good earnings. axl. >>

we saw it in research in motion, nokia. we always see it. have been skeptical of it ever since herb greenberg introduced the concept of numbers being too high. i'm going with greenberg. play ball. in honor and in celebration of all-star weekend the homerun derby, i'm letting you vote. tweet me @jimcramer, # stockderby and vote for the stock you think will be the biggest homerun hitter in the second half of the year. stay with cramer. >> announcer: coming up. healthy breakup? five years after the spin off from tyco, pro-videon is one of the largest providers of health care. cramer's exclusive with the ceo is just ahead. [ male announcer ] research suggests the health of our cells plays a key role throughout our entire lives. ♪ one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. ♪ it has more of seven antioxidants to support cell health. that's one a day men's 50+ healthy advantage. but not for your eyes. they're still so tired looking. with olay challenge that, with regenerist anti-aging eye roller. i

and nokia cut the price of its windows phone in half to $49.99 with a two-year contract. smart phone was just launched at at&t stores in april. the phone has taken a hit after it learned that it won't be eligible for an upgrade to the new windows 8 software later this year. you weigh cheaper phone and not the newest software. >> thank you. bertha mentioned google. the question whether larry page will be in the conference call after that company reports profits. page is back at work after being sick for several weeks, he reportedly lost his voice. but we know very little else. we have absolutely no reason to believe it's terribly serious, however, everybody in the tech business remembers how badly apple handled itself when its ceo became sick. they downplayed the seriousness of steve jobs and turned out tragically so it's something we'll keep an eye on. >> let's hope that page is not -- he just lost his voice. >> every evidence we have is he lost his voice. we're not getting a lot of information. that's where reporters say hold on, that's not enough for us to understand wh

lieu se lucent -- nokia is the big one, 14% of people are short. any good results or slowdown in bad new -- >> nokia and r.i.m., are they in the same basket? >> exactly, same basket. these were or maybe there's some good businesses in there, maybe they'll have a huge rebound at some stage. people are pretty relaxed and they think next stop is -- >> is there a point, just as principle, get so much that stock becomes a buy? basically anybody that's short is already in? does that work -- work like that? >> yeah, short-term momentum traders like to buy into heavily shorted stocks on result, if they think the result won't be that bad. the other thing is takeout candidates. if your a company that has -- your share price has fallen enormously everybody knows your results aren't great, and you have a massive short base and someone offers you -- >> nothing like a short squeeze to get an explosive move up in a stock price. >> exactly. get you talking and tweeting and excited and keeps you going through the summer, i know. >> we've seen about a 20% underperfo

nokia, cutting the price of its flagship smartphone to $50 from $100. >> continued fallout.uying it, next you'll see $29.99, then for free. nokia in all sorts of trouble. >> jcpenney in trouble after retail sales dropping for the third straight month. short this has to be music to your eyes. >> retail sales weren't good. specifically for jcpenney comps down 19%, will be down the same amount. you can only have five years of comps going down 19%. that's a little bit of a joke. you also had really good news here. the bad news is it's surfaced martha stewart could terminate their contract if they wanted. all the brands he's going to bring in, i really wonder if they are going to come in. who wants to be associated with a dying retailer. >> hp. >> concerns about europe, printers, a lot of head winds ahead of them. still a show-me story. >> as earnings season kicks into high gear, the worst misses and mistakes in cnbc history. jackie deangelis joining us with names that make up the earnings hall of shame. >> great to see you. as earnings season gets under way several big misses, s

nokia, especially bad quarters of nokia. can ding t.i. sales. $10.36 eps as bertha said earlier. apple supposing iphone sales might come in light and ipad sales might be slowing. but i have talked to independent analysts thinking that the pros have it wrong. iphone sales down a bit from last quarter but only 10% they say and ipad sales, a lot of wall street folks think apple will sell 15 million units. some analysts itch talked to think 20 million or more isn't out of the question. if that happens, apple could be a beat. some of the numbers i have seen that some of the analysts showed me compelling. apple tends to outperform the guidance by the same percentage just about every quarter and in this quarter, wall wl's estimates under the range of apple to come in. we'll see what happens. sue? >> jon, thank you very much. >>> jon henmentioned a big week earnings. here's the big ones of dupont and caterpillar, ford, facebook, exxon and many, many more. we'll be busy here at cnbc. here's the earnings scoreboard. 68% came in above estimates. 12%

. >>> coming took four days a shooting no disruptions and nokia traffic.aves and the city's take $1 million. at the end of the day it's a very expensive commercial. they're selling skateboard shoes that are seen for about 20 seconds. definitely not the products haven't had. in san francisco lindi's cbs five. that is so cool. speaking of cool currently cloudy and cool at the coast. but now all the day that will,,, from the cbs 5 with a sense and is tied directly at doors that are live cbs five other camera looking up toward the transamerica building and keep in mind it stands 850 ft. tall and we cannot see the tip top of the right now because of a ceiling due to low clouds and fog sciences at the airport delays morning on a flight at sfo some jurors are going to going after tuesday compared to say when san francisco topped off at 6074 in san is day tomorrow 11 to 13 degrees warmer across the board in right now is the bank of look clouds and fog and it is a displaced at the close sanchez to saturate the day but that's about its right now the marines that is

. >>> coming took four days a shooting no disruptions and nokia traffic.id waves and the city's take $1 million. at the end of the day it's a very expensive commercial. they're selling skateboard shoes that are seen for about 20 seconds. definitely not the products haven't had. in san francisco lindi's cbs five. that is so cool. speaking of cool currently cloudy and cool at the coast. but now all the day that will top,,,, happy birthday! thank you, nana send money to anyone's checking account with chase quickpay. all you need is an email address or mobile number. you're welcome. take a step forward and chase what matters. u-verse high speed internet. you know, in my day, you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes it took a minute to download a song. that's sixty second, for crying out loud! we know how long a minute is. [ sighs ] sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male a

nokia cutting the price of its flagship lumia in half.got great reviews a few months ago but it's not upgradable to the newest microsoft phone operating system due out this fall. speaking of apple, more rumors the company is working on an a ipad mini. this is an idea the late steve jobs didn't like. he said the current ipad was the perfect size. but a smaller, cheaper ipad would head off some competition from amazon's kindle. and in the latest news in crustaceans, the "wall street journal" reports lobster fi fishermen in maine did not leave the dock this morning in an attempt to drive up lobster prices. right now it sells at the dock for $1.25 a pound, less than hamburger, guys. >> let's get some lobster. >> i'm all in. maybe a good week to have a little barbecue out there. cooling off so cool beverages, hot lobster. what do you think, christinchri? joining us? >> how about cool lobster and hot beverages? then i'm in. good morning. a great-looking day shaping up. lots of fog out there right now, but we are not complaining about it because

>>reporter: in today's tech bytes, big losses for cell phone maker nokia. it reported a loss of $172 billion in the second quarter. overall sales were down 19% with smart phone sales falling by 34%. earlier this week microsoft released a preview of its latest version of microsoft office. the suite contains all of the features that you would expect. what's new is how you work with them. usa today's ed begg tested it out. >>reporter: the main thing is office is meant to be touch friendly and meant to live in the clouds so that if you subscribe, you can actually resume from where you left off and pick up all your features from any computer. >>reporter: still no official word on when it will be out or how much it'll cost. finally americans are planning to rely on their cell phones and tablets for coverage of this year's olympics. a survey finds that 40% of those are planning to monitor the games and will do so on two or more devices. those are your tech bytes. i'm rob nelson. >>> we are getting all new information in to you this morning on this breaking news ev

continues to work on his new movie does that mean there is something off the bat disagreeing with a nokia. peter greenaway he's best known as a british filmmaker and director of some most important contemporary movies but he doesn't feel entirely a director has tried many different occupations like painting writing and b.j. and he defines himself as a hybrid or an image maker or the person who translates ideas into visual terms a few years ago peter greenaway bird cinema saying it had long been dead particularly he died in nine hundred eighty three after the remote controls up or has been invented since then greenway says cinema has to be interactive multimedia art. thank you very much for being with us tonight as well as this phrase of yours about. death of the cinema i think that has been asked every time you give any any interview this is this is what people start and maybe when they finish with so that let's let's stick to that tradition why do you think that thirty years on most of the people still believe it was a lie what did they listen to the world i've been trying to say these t

analysts say samsung has now passed nokia has no. 1 in the wireless phone sales with more than a quarterf the global market. >>> some of america's most beautiful national parks are now just a click away. google has added five california national parks to its street view picture and users can drive through the advertisual parks. the department of virtual parks. >>> and ktvu news is just a click away. download the ktvu app to get ktvu news to go on your cell phone. click the live icon. >>> california lotterydict officials say a lucky winner bot a $52 million lottery tick in the bay area. someone hit all six numbers own a mega millions ticket. it was sold at the qwik-stop store in fremont on walnut avenue. here are the winning numbers, 2, 3, 4, 8, 43, and the mega number of 26. there is no word yet on whether the winner has come forward to claim his or her prize. >>> speak of look, how about all eyes up in the sky today? from the giant sea creatures to the more traditional kind. thousands flocked tot annual event in berkeley. the other activities on tap for this amazing two-day e.. >>> we c

it's taking shape of an e-mail claiming uri prize winner for the nokia out sweepstakes.0,000 pounds. -- the prize is 100,000 pounds. >> this is just one of the scams out there trying to help carry quite frankly, you should be wary of any sweepstake's emails especially when you never entered. >> it you have not started to hang in to america's got talent ," one of the finalists is from baltimore and he is the world's youngest escape artist. he also runs the shop with his dad where he performs a comedy magic show on friday and saturday night. he has left the judge's stunned. >> that's amazing. you can see his next performance 8:00 right here tonight on wbal-tv 11. don't miss it. the economic outlook is not as good as you would like. , but what can be done to spark growth? officials on capitol hill are looking at action. net 6:00. >> are you my mom who is too busy to eat right? i'm sarah caldwell. coming up, a local doctor changing the way people eat and think. also, one patient whose life was changed forever next. clucks for moms come a bad healthy -- >> for moms, bad eatin

she says if it wins by make a nokia have rocketed the most in a decade that's on strong second quarter sales of its flagship lumia small fry which unexpectedly rose to four million units now rising cells are bright spot for the former global handset leader as it was a fifth consecutive quarter of plunging revenue. that brings us on to the exchanges that will be able to see that the euro is down the law is going on in the european region today is one twenty two sixty as you can see we've also got the russian kaiser that managed to get a they get the u.s. dollar and the year right if we got time we check out the markets and just see that they managed to get in the session we had optimism from the global equity markets we always had oil buys in for a seven session and if we look at the start i think it's a little tough for actually but also about fifteen minutes with another update for you. all right. thanks a lot for that you have more for me then a little later in about an hour from now. twenty eight minutes past the hour i'll be back with a look at the main stories in a couple minutes

or in nokia phone? was in finland talking to somebody who was at the nokia board meeting a month the iphone cannot. they passed a copy of the iphone around at the nokia board meeting and the fatal " was -- why should we care about this? >> from the national governors' association's keynote address, the stanford professor on innovation and economic growth here find it on line at the c- span video library. >> again, mitt romney will make a brief campaign appearance in new hampshire. a brief appearance. we will have that live starting at 12:10 p.m. and tell them, here is u.s. businesses and households with the latest census figures. host: on your screen is the census director with us to give us a snapshot with trends in this country over the past decade. we worked with you to choose a set of statistics that would do what? what will people learn from this? guest: we are going through myths about certain economic and social phenomenon in the country. most of them are not real myths. they're the result of gen

that is not what nokia and rim are thinking now. i use these as examples. these jurors smart companies that every year they were doing great sustaining innovation. they did not understand that they were being disrupted. how large corporations need to deal is they can either build their own disruptive technology, a partner with those, or acquire start of technology. they can disrupt the innovation inside a large innovation. it looks like a corporate start that. we have the types of start-ups. the summary is the tactics and each of your state to deal with small business start-ups. scalable start-ups. corporate start of this. -- start-ups. the tactics are different. the techniques are identical. we know what is common between them. hold on a second. the second thing i thought i would share is the ecosystem. i spent my last 35 years in silicon valley. i got used to the fact that we have a technology ecosystem and infrastructure that feed on itself but never quite understands where it came from. i will share this with the because i now do a talk called the secre

. >> surprise of the morning nokia. 4 million sold in the quarter. little more cash on hand than people thought. even though wider than expected loss. >> up 12%. again, maybe there is a pole snokia. >> by the way, nearly is more of an nearly in terms of the spelling issue. some sort of sodoku thing. i feel very strongly that the over all arching theme of tech, of industrial, is auto is good. aerospace is good. and cell phones are good. listen to sky works. what a call. talking about multiple year smart phones. maybe it's time to get a smart phone. >> i'm working on that. cutting edge. >> did you hear, speaking of stock advice he said research in motion should have spent more time worried about the iphone as much as hedge funds should be worried about trying not to go to the line. >> the line. >> the franchise risk from the u.s. attorney calling you is even worse than the franchise risk for owning nokia and research in motion. >> bob pisani is on the floor watching what's moving. >> good morning. i'll stick my neck out and talk about what i think are

. >> the top smartphone from nokia will now cost half as much. will not work with the new windows operating system. the new handheld game for the playstation features a heroine with memory loss and antigravity powers. it makes good use of the gyroscope. >> you can tilt the screen back- and-forth and it will reorient your view. it cannot do that on a living room council. >> he says it is one of the most inventive games for the playstation. why make a stop at starbucks when you can make a cup of espresso in your vehicle? the toyota prius will be offering this, but not likely in the u.s. version. here you go little man. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheerios ♪ this is how mommy learned... ...and now... you! [ giggles ] ♪ the one and only, cheerios ♪ >> the u.s. men's basketball team will play against brazil at the verizon center. >> if the 2012 version of the team will claim a gold medal and the olympics next month, they could get a performance from kevin durant. although he looks forw

it is a first time for him the show will be live from the nokia theater in los angeles. >>> right now in our backyard. chick-fil-a looks to move into silicon valley. why some neighbors say [ male announcer ] the magic of nature appears every day, within each strand of an oat's rhythmical sway. when an apple's vibrant red temptation, and honey's sweet touch of golden sensation, join together with a pecan crunch you'll savor, creating the most perfect lesson in flavor. at nature valley, nature's best-written recipe is ready for you to enjoy. delicious granola bars made with the best ingredients in nature. nature valley, nature at its most delicious. >> closed captioning brought to you by mancini sleepworld. . >>> in mountain view the planning depth has given chick-fil-a the green light to open some want that decision reversed they want chick-fil-a to go. david is one of those residents who doesn't want a chick-fil-a drive-thru moving in and take over the spot now occupied by a sizzler. he says it would bring extra traffic to the area. there's a perception that chick-fil-a's president is

you can watch the emmys live from the nokia theater sunday september 23rd, starting at 4 p.m.ght here on abc7. >>> nominated for best meteorologist on any abc7 morning show, mike nicco. >> thank you very much. a lot of competition for that one. looking at includes from mount tamalpais, not as thick as yesterday, they will break up almost as quickly. today is the beginning of the warming trend. doppler showing showers skirting the bay area nice to get a little rain but it is not going to happen so your morning commute will be dry mid to upper 50s not only here but also around the monterey bay. apparently cloudy and warmer today, mostly cloudy tonight, patchy drizzle along the coast, heat returns inland this weekend where going to be hottest. today still cooler tan average from san francisco, 66, two degrees cooler, napa and oakland three degrees cooler. tomorrow normal, here the cloud cover making its farthest push east by 8:00 and retreating back to the coast by noon there it will start to open up during the afternoon we'll see 60s, 70s and 80s in the forecast. here's a look a

. >> big losses for a cell phone maker nokia, reporting, and net loss of $1.7 billion in the second quartererall sales were down 19% with smartphone sales falling by 34%. microsoft released a preview of its latest version of microsoft office. it contains all the features you would expect. what is new is how you work with them. >> the main thing is it is meant to be touch-friendly and it's meant to live in the clouds. if you subscribe, if you can resume from where you left off and pick up any teacher from any computer. >> no official word on when it will be out or how much it will cost. americans are planning to rely on their cell phones and tablets for coverage of this year's olympics. 40% of those surveyed plan to monitor the games will do so on two or more devices. i am rob nelson. grex a high fly ball. hail to the chief. >> chad was a bright spot. a franchise record 47 saves in the inaugural 2005 season. the chief will be back in d.c. to like throwing out the ceremonial first pitch. good to see him again. >> he has gone through some tough times personally, after baseball, for losing his

. >>> nokia top phone costs half as much. price cuts are not that unusual after a photo has been out for a while. gravity rush features anti-greatest powers for the heroine. >> it will reorient your view. >> he says it's one of the most inventive games for the play station vita. you can make a cup of ex proceeds oh right in your own car. an option in the new car this fall. those are your tech bites. >> kristen: gas prices are starting to inch back up again. average price of a gallon of gasoline, now 3.39 a gallon. that is up one cent from last week and down 13 cents from last month. in california the average is 3.71 a gallon. that is down a whopping 32 cents from last month. in the bay area, gas is averaging 3.84 a gallon. >> ford motor company is recalling more than 8,000 cars to fix carpet padding that could get in the way of brakes, 2013 escape suvs. dealers will remove the carpet pagd at no charge. >> kristen: microsoft is pulling out of a joint venture that co-owned msnbc.com. this was announced late yesterday. it wants

. >>> but the more than cell phones nokia took a hit because they work into it as quick the trends changeand as a going to morphing into the new age of the ever smaller screen who are the winners and losers? >>> it's so hard to tell the dippy so we could go in the senate chronicle about how companies rethink one day are these giant a run for ever disappear in three or four years. the next facebook out there will not look like facebook is today will be something totally different. >>> as to some people moving from myspace to facebook because it's so uncool right now and then facebook is probably going to be in that situation eventually as well. " nordbanken warmer on the jobs and dollars to continue to flow on everything from our house what is that? >>> and twitter they will have three dozen employees but and us will there be where they will be in three years. they could be bought up by apple for all we know where something will replace them. government to talk about this before governments have to be a little more nimble to may be adjusted trendsetter coming up that they know of and that

the is trending on twitter right now in san francisco, next issue new all you can read magazine app nokiae of the incubator program giving employees money to pursue start-ups trending now shares hitting another 17 year low niccoia, 98% decline. -- facebook marketing. >>> let's check in with josh elliot for a preview what is coming up on "good morning america" at 7:00. >>> good tuesday morning. prices at super market set to takeoff why the warmer weather is taking a toll on your wall let. hit-and-run trial that tore a football star's family part the woman who convinced her stepmother to turn herself in. how does she feel now her step mom has been sentenced. all next here on "good morning america." >> that comes up in 14 minutes. right now in fremont police looking for two who staged a bold daytime burglary at a home where a family was moving in yesterday afternoon. the1)vfx say a 12-year-old girl hid in the closet and called police after the pair entered the home. officers go there just minutes later but the suspects were gone. nobody was hurt. >>> also new, internet users in russia cannot

nokia, doesn't turn. eastman kodak. research in motion. they're very similar situations.don't turn. although sony has a better balance sheet. i just don't want you in it. there's just not enough to make me recommend it. all right, a man's world? with apologies to spidey, but barbie rules. and so does mattel. >>> coming up, can you handle the heat? cramer gets you fired up for a searing hot lightning round. and later, pickle power. b and g foods is already up a fresh 15% in 2012, but could its dashing dividend and savory stable of consumer brands continue to help defend your portfolio in this volatile environment? cramer decides when he breaks bread with the company's ceo. all coming up on "mad money." >> it is time for "the lightning round." are you ready skee-daddy? let's start with james in georgia. james? >> caller: jim, ford, what's going on? >> this is my problem with latin america. u.s. cannot offset these negatives, which is why it's one tough stock to own. let's go to todd in michigan. >> tvi over 13? >> my friend doug kass, over at the street.com, they're saying

nokia, doesn't turn. eastman kodak. research in motion. they're very similar situations. they don't turn. although sony has a better balance sheet. i just don't want you in it. there's just not enough to make me recommend it. all right, a man's world? with apologies to spiedy, but barbie rules. and so does mattel. >>> coming up, can you handle the heat? cramer gets you fired up for a sering hot lightning round. and later, pickle power. p and g foods is already up a fresh 15% in 2012, but could its dashing dividend and savory staple of consumer brands continue to help defend your portfolio in this volatile environment? cramer decides when he breaks bread with the company's ceo. all coming up on "mad money." [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ...forbusiness.com. [ yawning sound ] >> it is time for "the lightning round." are

anybody have a blackberry or nokia phone? was in finland had a nokia board meeting in the week the iphone came out. they passed around a copy and the fatal quote was " why should we care about this?" >> stanford professor steve blank on innovation and growth. host: on your screen is census director dr. robert groves. he is with us to give us a snapshot on the trends in the country over the past decade. we work with you to choose a set of statistics to do what? what will people learn from this? guest: in a way, going through what you may call myths of certain economic and social phenomenon in our country. most of them are not real myths but the result of overgeneralizing. when you drill down and you realize the stories are different, or looking at total levels of some phenomenon versus the chance that the phenomenon would look the same. finally, oftentimes we get the wrong impression about what is going on in the country because we are not comparing it to the right thing. we are going to go through a lot of different kinds of

nokia in loss with analysts estimates. quarter will be challenging because of product transitions. central bankers from around the world will hold talks in september to try to determine if the setting of the benchmark libor rate can be reformed or if it should just be scrapped all together, this comes as the libor setting scandal which resulted in the dismissal of top management at barclays continues, and travelers number came in at $1.26, expectations for $1.pa but joe the revenue better than expected? >> $6.6 billion versus a $5.9 estimate. many times in the past with travelers it's better instead of trying to rush it on and get it first, better to get it right. we've heard from the company different times. there's, it's difficult enough to understand the property casualty business and you have so many different things in terms of catastrophic losses in the period. >> catastrophic losses were much lower in this period versus a year earlier. losses for the current quarter were $357 million aftertax versus over $1 billion

a new low for nokia. 1.92.ock down 93% over the last five years today alone down by nearly 5%. >>> well, as we have been telling you for a while now, a big part of the jobs crisis is lack of skilled workers. last hour you saw how america's manufacturers are turning to women to fill the gap and now phil lebeau shows us how they're targeting kids. phil? >> reporter: hi, mandy. we are here at chicago tube an iron where when the manufacturing sector added 11,000 jobs. added half a million over the last couple of years but the one job that manufacturers are struggling to fill -- welding. they have got several here at chicago tube and iron and seeing more and more in the industry making efforts to attract kids to manufacturing. and to belding. we went to a camp with more applicants than it could take including teenage girl that is enjoyed flipping down the welding helmet. >> it's fun, different than anything i've been to. i was at a different camp last week. through my church and came here and then it was like, this

other so rumors of facebook's developing a phone, google obviously has the android, microsoft with nokiaone point and apple in the other direction. now they need that enterprise, that social issue. >> connection, yeah. >> can they get it? i don't know. we'll see. they wanted it. >> is this a match made in heaven? the other question is, robert, is twitter hotter now than facebook? >> you know, twitter's pretty hot. companies run in to problems when they drift from core focus and apple no pun intended needs to stick to the core. right? which is making hardware and they've got enough battles to fight on the hardware side they don't need the distraction of twitter. >> so you say no. you say it might make some sense. >> i think so. >> "the new york times" has a story on the death of the piano where all but the very super luxury ones like steinway are headed to dumpsters. what? you have to have a little cass owe keyboard? you didn't have a nice little baby grand? robert? >> tugged at the heartstrings. grandma's piano. >> we got it. >> the fact is that every musical instrument has its time. mor

so many stocks are left for dead including nokia and radio shack. bird that can come out of the $2 death trap. sprint is one of them. zynga, welcome to the graveyard that the wall street cheerleaders whistled past though they should have seen it coming. they should be ashamed of themselves for a recommendation that reminds me of the first internet wave which crashed on the shore drowning everyone involved including analysts who told us to come in because the water was fine. the most tragic thing about zynga is this was so easy to see coming. never forget. those who forget the market's history are doomed to repeat it. stick with cramer. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announce

so many stocks are left for dead when they get to two bucks, including nokia and radio shack.ird that can come out of the $2 death trap. sprint is one of them. zynga, welcome to the graveyard that the wall street cheerleaders whistled past though they should have seen it coming. they should be ashamed of themselves for a recommendation that reminds me of the first internet wave which crashed on the shore drowning everyone involved including analysts who told us to come in because the water was fine. the most tragic thing about zynga is this was so easy to see coming. never forget. those who forget the market's history are doomed to repeat it. stick with cramer. so... [ gasps ] these are sandra's "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one. [ female announcer ] want to spend less and retire with more? at e-trade, our free online tools and retirement specialists can help you build a personalized plan and execute it with a wide range of

nokia, doesn't turn. eastman kodak. research in motion. they're very similar situations.don't turn. although sony has a better balance sheet. i just don't want you in it. there's just not enough to make me recommend it. all right, a man's world? with apologies to spidey, but barbie rules. and so does mattel. >>> coming up, can you handle the heat? cramer gets you fired up for a searing hot lightning round. and later, pickle power. b and g foods is already up a fresh 15% in 2012, but could its dashing dividend and savory stable of consumer brands continue to help defend your portfolio in this volatile environment? cramer decides when he breaks bread with the company's ceo. all coming up on "mad money." another cup of coffee? how long is this one going to last? forty-five minutes? an hour? well... listen. 5-hour energy lasts a whole lot of hours. take one in the afternoon, and you'll feel alert and energized 'til the cows come home. it's packed with b-vitamins and nutrients to make it last. so what's it going to be, partner? 5-hour energy. wise choice. 5-hour energy. hours

guess what, i think it goes still low r, not unlike serial estimate cut rs research in motion and nokiae the industrials to be different. we grew concerned about general electric's ability to deliver earnings or outlook we'd like to hear because they would be dissing europe and the huge bet on windmills subsidized by ailing governments. my charitable trust sold it for a nice gain. how about stanley black & decker. another stock my charitable stock dumped. it's in the sweet spot for a housing rebound but 20% of the business is in europe. that european exposure could produce the short fall and negative outlook. don't forget they sell 20% of goods into europe. i don't believe caterpillar which is transcend europe, either. china is important for caterpillar. consequently i figure we could get the short fall and a cloudy outlook. i believe these reports will produce selling even though everybody is supposed to know about the weakness. everybody says there's got to be weakness. so what? my experience is there are always people disappointed by anything less than a beat and a raise. those disap