. >> we intended to meet her outside the nokia plant, but it was too painful. she worked at nokia for 25 years up until two years ago when she lost her job. the wind is still fresh, so we are meeting her at the market -- the wound is still fresh. >> it is okay at the moment. i take it one day at a time. i break it down into four-week phases because that is how often i get my unemployment benefits. that is how i live. >> it is a small town in the south of vinland, 100 kilometers west of helsinki. almost everyone here makes their living from nokia, directly or indirectly. >> people are waiting on what is going to happen. >> are they afraid of the future? >> yes. >> the nokia plant is on the edge of town. 100 workers are expected to lose their jobs this year alone. when she was fired two years ago, she did not even get any compensation. >> i was on holiday in greece for a week while the severance packages were being handed out. they were about -- there were about 300 packages, and they went like hotcakes. when i came back, there was nothing left over for me. >> th

nokia has its own mobile phone patent portfolio which may be considered more valuable, as well as nokia's smartphones running microsoft software. in fact, during the patent trial, apple's attorneys used a nokia smartphone as an example of a competing device that doesn't infringe on apple's patents. another smartphone maker that has been hurt badly by apple is >> shares up 41%, just below the buyout price of $46 a share. ibm meantime falling modestly down 1.1%. >> a week after naming a new c.e.o., best buy's founder has his own deal to make an offer to take the retailer private. richard schulze has been talking about buying out best buy, but the company and its founder had been at odds over how to proceed. once he starts his review of financial information, schultze will have 60 days to make an offer. if rejected, he will have to wait until after the holidays to make another one. word that schultze remains in the hunt helped shares gain 3.2% today but they remain well below the price range schultze has mentioned as a possible bid, $24 to $26 per share. best buy closed below $18 tonight. a

rare day in the sun for nokia. we have to wait an see.nk the most active stock on the market here. >>> whatever happened to paying your dues? before you get all the perks. >> up next, a self-appointed spokesperson for young workers. fortune 500 companies are listening. but should they be really needing an foosball table in the cafeteria? ut there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! . >>> is

shares of nokia jumping today on hopes that the hand said maker will be able to gain market share since it does not have similar patent issues with apple. we have a panel of experts to tell you who else could benefit coming up later on in the show. let's make a deal, shares of dollar thrift jumping on news that car rental company hertz will officially be buying the company in a deal worth over two and a half billion dollars. does not the only deal. we will be sharing more of these mergers on merger monday throughout the hour. let's get right to the floor show. we have traders of the new york stock exchange, the cme, and the nymex. let's begin at the cme. less talk about oil. it's interesting. came back just a little bit toward the end of the day as we found out that more protection is being shut down. is that the main reason why? >> it's part of it. the problem isn't really there. there is a lot of oil out there. it's about unleaded gasoline. and the shutdown is refineries is a lag time to get them back going to get the supply were it needs to go. if elected on leaded gasoline, he troph

what do you think of nokia, nokia. sometimes i think the losers overwhelm positive stocks like google and apple which seem like they are leavinging them behind, breaking out to higher levels. bottom line. commodity prices, freight rights, downbeat action on the popular stocks are all smoke screens. obscuring the earnings and dividends that are propelling stocks higher. sure, people are leaving in droves to bond funds, stupd as it might be. we are not investing much as all as the light volumes show. they are falling prey to the confusion of macro data, ignoring profits. it's a shame. look, i don't want the smokescreen to fool you. ladies and gentlemen, this rally remains very for real. let's go to mark in pennsylvania. mark. >> caller: b-b-boo-yah, cramer! >> nice stuttering boo-yah to start the show. what's on your mind? >> caller: i have a question about ingersoll rand. i understand -- has great experience. i'm trying to find out if this needs to go. i look at it more as an international company or needing to push mor

what do you think of nokia? what do you think of nokia? sometimes i think these losers overwhelm the positive stocks like google and apple which seems they're finally leaving these miserable ranges behind. i'm going to give you the bottom line. ch commodity prices, freight rates, they are all smoke screens, obscuring earnings and dividends that are propelling stocks higher. sure, people are still leaving in droves. we're not investing much at all as these light volumes show. they are falling prey to the confusion of macro data. they're ignoring the prize of profits that's been the best predictor of higher prices. it's a shame. look, i don't want both smoke screen to fool you. ladies and gentlemen, this rally, it remains very for real. let's go to mark in my home state of pennsylvania. mark. >> caller: b-b-boo-yah! how you doing, cramer? >> nice stuttering boo-yah. >> caller: i understand he has some great experience with the like. i'm trying to figure out if ingersoll rand needs to go. i look at them more as an international company or nee

when you listen to this nokia story get your shares. nokia may revery well two new phones next month. new models could be called the phi and the arrow. it may be unveiled at the nokia world event on september 5th. both models will run on windows 8 software. one blogger, the phi will feature nokia's biggest screen to date and thinner. so brian do you believe the rumors? what are your sources telling you and how big of a deal is it for nokia? >> yeah. to be honest these days with rumors you never know especially when it comes at least with apple. who knows if these nokia rumors are true. it makes sense. look what microsoft is doing with them. moving to window phone 8. they need these as critical platforms to move ahead. whether or not it's thinner or whatever we have to see until they make the announcement. clearly, they have been lagging behind a bit and need a home run to really knock this one out of the park and get more momentum going. >> they certainly need something you're right about that. brian, good to see you. let you go and sta

i think nokia in particular -- nokia and microsoft are probably going to be the two other winners. >> gene, with the smoke screen of everything we're discussing today, amazon just slowly creeps up higher and higher. are they benefiting from this in any way, shape or form given that they were the only ones that really gave apple any competition with their ipad or tablets in that space, or is it cloud that we're missing? what's the next big headline to drop there? >> well, amazon, the reason why that keeps going up is because e-commerce. it's 7% of what people buy in the u.s. is bought online. eventually that's going to be 30%. amazon is going to dominate that. that's a slow creep higher with that. i think if some of these samsung products get taken off the shelf that's going to be positive for kindle fire. only problem is kindle fire is looking right at a freight train coming down the pipe in october with the smaller form factor ipad which isn't going to be good for kindle fire. i think what's going on with amazon in particular is more about a secular theme versus anything in the table

this is an interesting time now because he mentioned his nokia, what is nokia doing now?artnering on the windows form. what is different? everything is different, it didn't really copy apple, did not copy the iphone. gerri: samsung products make up 26% of iphone components cost, so as we put it today, enemies with benefits. they are actually codependent. >> they work together. any of your favorite apple products and you will find samsung components. they have a very good relationship in that part, it is really bizarre because it will continue for years, and so will the relationship between these two companies. >> the best thing that can happen is they get rid of these lawsuits, the hundreds of millions of dollars they are wasting and can work on better products down the road. gerri: all right. thank you for coming on tonight, appreciate it. the republican convention debate hit the u.s., back the gold standard, i took to the streets of new york to ask people if they would rather have $100 in cash for $100 in gold, here's what they had to say. >> what would be better to you

microsoft and nokia set to unveil windows based phones.zon may roll out a new kindle and apple gearing up for the iphone 5. how should you position yourself ahead of all of that? we'll tell you in 2. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. to experience the ultimate expression of power... control. [ engine revs ] during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, st

nokia has had its own particular issues as well. that's nokia this morning, fairly much in focus. see, up 10.35%. >>> you are watching "worldwide exchange". >>> these are your headline. the world's feeling pmi pain as manufacturing in china, eurozone and uk contracts in july. the head of the bundesbank stirring the pot, insisting german central bank has a bigger say at ecb than rest. >>> the fed wraps up two-day meeting today with most economists expecting some small steps perhaps from the central bank. >>> meanwhile, india's power ministry says the country's supply has been restored back to full capacity after two days of massive blackout. the worst blackout in the world left half of 1.2 billion people without power. basically, the entire population of the united states and more had no electricity. we're joined from mumbai with the latest. clearly, this is a lack of investment in the power grid system. who's to blame for this? what are the politics, the ramifications? >> there is inquiry why we've had two consecutive days of power grid failure. on monday it was just the northern

ee.we will sa nokia facing pressure against apple's iphone.ane king has the bloomberg business report. good morning to you, jane. >> southwest just hit a milestone with 3 million fans liking thteir facebook -- their facebook page. the carrier blamed a glitch and working to refine the extra charges. americans bird with less debt to -- burdened with less debt. interest rates are at record lows. this could help boost the economy. futures are pretty quiet this morning. the dow soared more than 200 points on1 on 160,000 jobs created. nokia plans to announce its new handset using windows 8 as early as next month. that is ahead of the unveiling of the new iphone. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> most of us baby boomers are not expecting much of a social security pay out. but the social security picture is getting even grimmer. >> working people are not expecting much of a social security pay out in the future. the picture is getting more grim. future generations got a pretty could deal from social

apple up 68%, nokia over the past year, down 54%. let's check in with brian shactman for a market flash. >> very interesting to see what some investments are. this one, they added a slow and steady dow component. about a million shares, dissolving two million shares in comcast, up 46% year-to-date, probably taking a profit there. maybe the most interesting, adding 3.5 million shares of yahoo!. >> thank you very much. still no word on the fate of standard charter, the latest british bank accused of doing business with iran. settlement talks are reportedly being held today. the superintendent of the new york department of financial services says quote for almost 10 years standard charter bank schemed with the government of iran and hid from regulators roughly 60,000 secret transactions involving at least $250 billion. reaping standard charter hundreds of millions of dollars in fees, end quote. ambassador mike wallace pushing for tougher enforcement of those sanctions includes a call today for the u.n. to suspend iran's membership. mr.

nokia and r.i.m. are up in the market. >> and industrial profits, is china's economy in the danger zone as investors keep an eye on central banks, jackson hole this friday? >> and tiffany missing the quarter, cutting its forecast, watching margins slip. but shares are up. the full story isn't written just yet. we'll begin with apple's major court victory over samsung and the contentious patent dispute. samsung being ordered to pay apple more than $1 billion, a development that would be a game changer in the world of smartphones and tablets. apple is poised to open at new all-time highs this morning. $700, not that far away from here. we go to our silicon valley bureau with the latest on that and jon fortt. jon, good morning. >> reporter: how does this verdict change the landscape for mobile devices which have become the growth story in computing? the pc isn't dead but as we saw last week in hp and dell earnings, the business isn't growing. over the past five years, apple and samsung have emerged as th

amazon's on the fifth and nokia and microsoft on the 6th of september.ht have flipped them. back to back, folks. next week is a giant week of rollouts. i had the nokia phone with the microsoft software on it. >> you were charging it up to show everybody. >> i left it at the desk. i forgot it. we'll see if the android ruling brings market share to the complex. >> okay. >> all right. let's bring in herb. herb wants to talk costco. costco -- >> i do? >> he thought he was going to talk about navistar. no. it's costco. >> a joke i hope. i'm easily startled like a sheep. costco shares hitting all-time highs. the stock up over 18%. but as you might say, sir, on a stock basis, walmart and really target are beating costco over the past year. walmart is trouncing. do we have the comparison chart i requested, guys? much maligned? bribery allegations and walmart crushing costco. >> what was it doing? >> crushing them. get an analyst take and herb, as well. >> thank you. >> managing director of david schick joining us now. david, why is -- as much praise does krsto i

nokia up 3% as you can see.ou, let me show you what's happening on the bond markets. we've had a sell-off in bonds here pushing treasury yields higher. it's also true at the core european level. the yields on ten-year, that's a horrible line. the yields on ten-year as you can see has popped up above 1.5%. now people would say go long off the bund because you'll come back. there will be trouble ahead. be aware that yields are rising and they are falling on the periphery which is the converse of what we saw through the crisis so you see in spain yields for the week are elevated. i can see that. 6.67. don't write to me or call me. let's look at italy. there you can see that we are lower. 5.77. that's the fields coming down. next week, we'll be talking about europe again because greek prime minister is going to meet merkel next thursday and the market is sensitive to the greek situation. you saw weakness at the end of the session here yesterday because of the report from the financial times he would seek to delay th

and meantime, nokia making two popular zynga game that's will be available free on the phone, nokia faces increased competition in emerging markets. also provides 100 million new users. >> and ibm says it plans more acquisitions in storage industry. and there is terms not disclosed and the deal will allow ibm an all flash storage system. >> and a jury has started deliberations in the trial of doug whitman founder of whitman capitol. prosecutors say he used illegal tips from company molds to make trades on fwoogel. gsh -- google. and markets today, stocks rose after better than expected economic data. and your bloomberg silicon valley index higher on those shares. and all right. get this. it's no laughing matter but an ipad stolen from steve jobs house ended up in the hands of kenny the clown. he says he had no clue it belonged to jobs adding the friend gave to it him. the friend was arrested for robbery. he allegedly gave a second ipad to his daughter, both have been returned to the jobs family. >> at bloomberg studios in san francisco, i'm emily chang, larry, back to you. >> thank you ha

. >>> nokia and microsoft set to benefit from that samsung case. >>> u.s. gold coast is bracing for tropical storm isaac which can be a major hurricane. >>> energy prices moving higher as oil and gas companies move to shut down production. >>> so, we're waiting for this crucial german indicator, the german august, current condition numbers coming in at 111.2. the main number there, 102.3. the forecast was for 102.7. let's get out the patricia and get a bit more information on what's going on here. looks like it's fallen short. >> reporter: it is. absolutely. we have an indication of 102.3 for the index for august. that's lower than the forecast. interesting twist though to this stock because we have current conditions at 111.2 which is ahead of expectations on the other expectation index. what people expect over the next six months to happen is below expectations coming in at 94.2. we had hear expectation of 95 to be reached. this is something that should have an impact also on the euro. at the moment euro/dollar at 125.14, not moving. at the moment the ind

rim and nokia don't make money.he key difference between hp and those other companies. >> i want to bring in brian white of topeka capital. he joins us now. he has a hold rating on the stock with a 17.75 price target. brian, how do you assess where the turnaround story is now that we have the full picture on the quarter from dell and hewlett-packard. i'm thinking about some of the highest margin, higher growth businesses, servers, storage networking. dell saw increases, hewlett-packard saw declines. how do you assess the two? >> i think hp is looking at competition from several fronts. one number, they've been appled in the post-pc era, they're struggling. they're seeing asian competition. number two, they've got competitors that are aggressively expanding servers, storage and software liens and number three, they have a cost structure across the board that's not sustainable. meg whitman said it herself, this company is in the early stages of a turnaround. it will take a long time. >> so brian, to shaw's point does

why is nokia stock important? >> the buying of it is important.nk of america. no kia is in a position where they can possibly take advantage of what has happened here between samsung and apple. if nokia is able to move and drag microsoft along with the, i think that this could be -- you have to watch the auctions. this could be something that could be something in the end. >> it's good to see you. i guess apple is not the only winner in the apple versus samsung one. ashley: thank you very much we do we have been talking about tropical storm isaac talking about tropical storm isaac churning in the gulf of mexico. on an eerily similar path to hurricane katrina. it devastated the coast seven years this wednesday. seven years ago. rick leventhal is with us. reporter: state officials are concerned. it is so beautiful here today that people will get complacent and will not heed the warnings gravest of emergencies in effect across alabama. hurricane warnings are in effect entire gulf coast. mandatory evacuations went into effect at 8:00 o'clock this morn

the argument was well maybe nokia can benefit.ft deal that it has on those phones that are coming out at the beginning of september. merrill has a real scathing report out today suggesting actually the price target on nokia should be 1.08. if you can't get ahold of a samsung phone, thereby many you would buy before nokia. they're also suggesting they might -- that samsung might sell stock that is not offloaded in the united states dumped effectively around the rest of the world, and that could hurt nokia's profit ability there. it's margins. they're not talking about the patented which is one reason we rallieded, but we've undone the gains we've had on nokia, and finally because i like to keep you abreast of the travel ledger industry on this program, let me tell you that some of the cruiselines are doing well today. royal caribbean carnival are higher. city have a note overnight where they spoke about improved booking trends. pent up demand generally in the industry, following the concordia disaster as well as promotional activit

one more stock to mention, that's nokia. which has had a phenomenal week.ver around europe and that obviously was the response to what monti said. the short covering and the prospective buying on nokia have been absolutely phenomenal. at one point on a rumor denied as laughable by lenovo, the chinese maker of consumer electronics that actually it might buy nokia, we were up 15%, which meant at one point today, we were up 45% on nokia over the last week. clearly, as lenovo denies that there's any discussion there, the stock has fallen back. but still for the week, up 36%. an interesting trade there, melissa, back to you. >> i think the quote was something like it must be a joke. the lenovo executive, about it was a joke. yeah. >> mind you, he's only the head of europe, middle east and africa. maybe others in other places? >> maybe there's a higher-up? >> you don't know. >> i doubt it. what a trade, 45% in one week? >> absolutely. thanks so much for that. we should note that we continue to follow the story about the volatile trading here at the open as we und

they need nokia to succeed.hink they're prepared to invest money to make sure that happens and don't want to if they don't have to. >> thank you all. appreciate it very much. >> thank you. >>> we'll take a break and then next, peter thiel dumps the facebook shares. should he resign of facebook's board, as well? we'll talk about that. and as we head out, here's a look at how facebook and the other big social media stocks are trading right now. all in the green. we're back in a minute. [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigned interior. the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. ♪ join mercedes-benz usa on facebook for the best summer sweepstakes. we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you

watching shares of nokia. take a look at the chart. you are going to see they've been marching sharply higher in heavy volume on a market rumor that nokia could be announcing two new phones with microsoft at the beginning of september. this is unconfirmed and want to bring it to you. sue? >> yeah. up almost 10%, courtney. thank you very much. >>> up next, this afternoon, o canada. yes, they have hockey, snow, some great donuts, as well. but they also have opportunities for your money. maple leafs and money next on "power lunch." with the dow down 100, before the break, here's big movers on the trading session. one of the biggest losses posted right now by alcoa down 2.3%. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to transfer funds, pay bills or manage your finances anywhere, anytime. so that wherever your duty takes you, usaa b

unveiling of samsung co the latest handset, the first to use microsoft's windows 8 software, catching both nokia and apple off guard. on friday, a u.s. jury ordered samsung to pay apple $1 billion in damages for ripping off features of the company's iphone, but instead of licking its wounds, samsung has hit back with a new device and a new operating system. >> it is a complete different device. we cannot say it looks like the iphone because it is so much bigger, so much different. >> television makers are also banking on a smart future by integrating the internet and the goggle box. smart tv's allow instant access to movies and shows, and sales are already surging in germany. >> over 5.7 million smart tv's will be sold this year. that means out of 10 million new tv sets, half will have internet connectivity. >> but analysts say that even smart tv's will not sustain growth in a saturated market. they expect nearly all german households to have a flat screen television by 2016. >> my grandmother actually just joined the group of flat screen tv's for the first time. it is not pretty. have you ever

facebook is the next, people responding with nokia. yahoo, zynga being the next r.i.m. pets.com. is it time to get anti-social altogether from an investing standpoint? >> guy and i are both anti-social to begin with. so that's the headwind for you. i think in the case of facebook, i said this to you the other day, think you're getting close to potentially having a trade in place. i have not seen what you want to see would be a significant volume selloff in reverse intraday. but let's talk about linkedin which going to report earnings after the close. and i think that's your social media opportunity there. they're able to bring new products forth. you've got the sales networking product that's going to come out. they're getting some user engagement growth. and it's really become a tool that you need to use in terms of acquiring or getting the edge in the job market itself. so linkedin, the valuation might be a little bit rich. i wouldn't be afraid of it right here. i like it and i think it's going to attract a lot of capital. >> the difference between those two stocks, take linked

you can see here, nokia is surging. nokia has windows seven and will eventually use windows eight.g in the most actively traded stock here at this new york stock exchange today. as users do shut away from samsung, nokia users can pick that up. not everyone is doing that on the news today. as for the stock market, green arrows across the board. would a small gains. dagen: a bit of breaking news on that tropical isaac. bobby jindal of louisiana will be holding a press conference at 11:15 a.m. central time. 12:15 p.m. eastern time on the preparations in that state. again, evacuations in some areas already under way. much concerned about new orleans. the seven year anniversary of hurricane katrina is on wednesday. governor jindal will hold a press conference at 12:15 p.m. eastern time. a little less than a half hour from now. gold multi- month highs. speaking of winners, look at them on the nasdaq today. ♪ 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 ce

nokia has its own mobile phone patent portfolio which may be considered more valuable, as well as nokia's1%. >> a week after naming a new c.e.o., best buy's founder has his own deal to make an offer to take the retailer private. richard schulze has been talking about buying out best buy, but the company and its founder had been at odds over how to proceed. once he starts his review of financial information, schultze will have 60 days to make an offer. if rejected, he will have to wait until after the holidays to make another one. word that schultze remains in the hunt helped shares gain 3.2% today but they remain well below the price range schultze has mentioned as a possible bid, $24 to $26 per share. best buy closed below $18 tonight. a much different retailer, tiffany earned one penny less than estimates. sales fell in asia and in the u.s. the company also cut its financial forecast for the second straight quarter, but anticipates margins to improve during the holidays. shares jumped 7.2% despite the disappointing earnings. it's warning was not as bad as feared, and it continues to mov

following a poor ruling in its favor a loss to the weak more a man in just the second finland's film maker nokia is also one of the big gainers on the same account samsung shares have suffered the biggest slump in the past four years after a u.s. court ruled the firm infringed six apple patents for mobile devices the south korean giant will pay over one billion dollars in compensation. and the fines could go even higher it also has another hearing upcoming that could lift a sales ban on some of the products in the united states and among donalds is expanding into say bierria one of the last places on earth where you can't buy a big mac. it plans to open its first restaurant across my arse next year before rolling out throughout the region twenty percent growth a year make russia one of the most profitable fast food markets for the last decade or so poor a logistics have held mcdonald's from opening its restaurants up in say berry and that's the latest from the business desk bill i'll be back in about fifteen minutes but meanwhile you can always check out our site that's our t dot com slash busin

if it does, nokia can go much higher. it voted growth in emerging franchise, that is kind of how you're breaking up your investments. you would still buy it at these levels because it is having a heck of a run. >> still if it's% yield, there is a backdoor way to play with verizon. you should like vodafone. cheryl: is something happening in emerging marketplace that we don't know about? speak i would tie it to the dividend, really. as an alternative to fixed income, vodafone is a stable business with a secure dividend and a great place to park some money might otherwise have been a treasury bill. cheryl: you had apple. very good to have you. >> happy to be here. dennis: mitt romney joining the ron paul crowd that wants to audit the fed. cheryl: the mississippi is drying up. jeff flock, we sent him there to check out what is happening. >> along the banks were the mississippi where the water should be over my head, but not this year. back in a moment with the intent that everything you use. stand by. nicole: i'm nicole petal

roughly cheaper sound after that court ruling a bit more on that in the second and finland's phone maker nokia is also feeling the fact its stock is up around eight percent sounds and shares of suffering the biggest plunge in about four years after a u.s. court ruled the firm infringed six out patents for mobile devices the south korean giant will pay over one billion dollars in compensation now and the fines could go even higher it also has another hearing upcoming that could lift a sales ban on some of the products in the united states and mcdonald's is expanding into siberia it's one of the last places on earth you can't buy a big mac it plans to open its first restaurant and cross they are next year before rolling out throughout the region twenty percent growth a year make russia one of the most profitable fast food markets but for the past couple of decades who are logistics have held them donald's back from opening up its restaurants there. and bill if we only had starbucks in siberia i think we'd be all set. and it's probably going to happen in the trash in iceland but we. will shortly

and nokia is doing a good day and android is the system taking a jolt today.ampa and the convention, they're waking up wondering what the weather is going to do to their plans. rich edson is awake in tampa and rich, it doesn't look too bad where you are right now? >> a little breezy, stuart, that's about it on this one. the hurricane or tropical storm wrapped around tampa and we've gotten rain here, but not that much. and when republicans made the call to delay this, did so on sunday. you've got a massive footprint downtown, half of downtown is shut down and tens of thousands of delegates have to get here, by shuttle bus, five, ten, 20 meals away and a nightmare to do this during a tropical storm. it's tracked west since then, this'll gather for a few minutes after 2:00 and they'll start a national debt clock, and they'll add the debt through the days of the convention and gavel out after that and the festivitying begin tomorrow, stuart. stuart: at this point it doesn't look like tomorrow's activities will be interrupted very much? >> it doesn't. the one thing

why not the microsoft nokia partnership. >> they are a premium priced product.rybody can afford it. for teleco, iphone is very, very expensive. >> what about you? >> windows 8 is going to be a success for them. >> windows eight? >> i think what you announced the other day. >> your move tomorrow will be returned. more fast money coming up. [ male announcer ] while many automakers are just beginning to dabble with the idea of hybrid technology, it's already engrained in our dna. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit perfection. what makes a sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number store's biggest sale of the year. not just ordinary beds on sale, but the bed that can change your life on sale. the sleep number bed. never tried this before. this is your body there. you can see a

. >> reporter: so amazon, google, microsoft, nokia and samsung scheduled dabuse over the next -- debutver the next three weeks. >> calm before the storm. after apple announces something all anyone can talk about is apple. >> reporter: at&t know consumers want more than just apple. >> it is all about choice. that is why at at&t we focus on having the best portfolios. >> reporter: other companies will not be investing in making these devices if there wasn't a market for them. consumer editor tom vacar ktvu channel 2 news. >> more details on the announcement. amazon's ceo will announce a new larger kindle fire 2. also expected, a new smaller 7-inch kindle that will be lighter and thinner. you can watch ktvu newscast even when you are away, download the ktvu app and be connected anytime anywhere. >>> pg&e crews are scheduled to perform pressure tests on a section of pipeline in south san francisco. crews will be focused on ridge road. after the test it will be monitored for 8 hours. if any section does not meet standers they will be replaced. >>> the government is said to begin a aerial ra

competitors like research in motion and nokia are watching stock lift because of this.pple stock is rising. right now apple shares are gaining about 2%. that puts their market cap of around $635 billion, $12 billion more than the record they set last week. mixed action right now with worries over europe. the dow is losing 22 points but nasdaq is up thanks to apple. samsung took a shellacking in the hang seng. >> no surprise there. >> time now for a look at what is coming up later. >> charlie rose joins us from tampa. >> from the site of the republican national convention, we will show you what the romneys are doing for their big week. last-minute changes due to a tropical storm isaac and how it could impact the campaign. we will also look back at some of the big convention moments in history, all that and more at 7:00. >> we will be right back. ,, at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an

nokia and research in motion moving higher today and -- . >> they're on vacation. now, they got hurt buying dollar thrifty. i didn't know that dollar and thrifty merged. hertz is getting dollar thrifty here. is this going hurt all of us when we buy a car in the future? >> i think it's the assumption. the truth is there is some competition and not a lot. those are great long-term buys. i rented a ford this weekend from hertz, $83 for one day in l.a. >> yeah. >> long story short, it's a good business model, great cash flow and a reflection of the economy when we travel. we do rent cars and i am more impressed that dollar thrifty could pull off the financing, hertz could pull off the financing. >> yes. >> and it's telling me the banks are alive and well. the economy is not that bad in the united states and when big deals get done. >> $2.3 billion. >> do you get the damage waiver? >> you pay an extra $15 a day? >> and that is -- where i do it is in portland. >> i guess this is a rich people barometer? >> if tiffany does well, does that mean rich people are spending mon

amazon has teamed up with nokia to come up with the map feature.the new device will have location capability. the new kindle fire is expected to be introduced a week from today. >>> and apple's new reuse and recycle program is offering a gift card for up to $350 for an old phone. the later the condition and the later the model the more money the phone will be worth. apple is expected to announce its new iphone on september 4th. >>> a judge has delayed a hearing on apple's request to ban 8samsung cell phones. apple requested the ban after winning a pan tent. the delay is because the judge plans to devote a hearing to samsung. and just tonight a court in japan ruled in favor of samsu -- samsung in a similar lawsuit involving apple. >>> the dow industrials lost 106 points today to close at 13,000. nasdaq dropped 32. >>> it is historic just like it was historic for john f. kennedy. >>> mitt romney makes history. up next we ask whether his religion is an issue. >> and this area has become a hot spot for mosquitoes carrying west nile virus. why the timin

amazon has teamed up with nokia to come up with the map feature.the new device will have location capability. the new kindle fire is expected to be introduced a week from today. >>> and apple's new reuse and recycle program is offering a gift card for up to $350 for an old phone. the later the condition and the later the model the more money the phone will be worth. apple is expected to announce its new iphone on september 4th. >>> a judge has delayed a hearing on apple's request to ban 8samsung cell phones. apple requested the ban after winning a pan tent. the delay is because the judge plans to devote a hearing to samsung. and just tonight a court in japan ruled in favor of samsu -- samsung in a similar lawsuit involving apple. >>> the dow industrials lost 106 points today to close at 13,000. nasdaq dropped 32. >>> it is historic just like it was historic for john f. kennedy. >>> mitt romney makes history. up next we ask whether his religion is an issue. >> and this area has become a hot spot for [ female announcer ] you want family dinner to be

no, i don't think you should be buying nokia. no, i don't think that groupon is right. yes, i think that sprint on a pullback is terrific. no, i don't think you should be selling apple. i don't know why i keep hearing that one. and yes, i believe that google has more to run. these are just stock answers from me, but i know you keep asking them. maybe you just stay tuned to the show and write them down. now, after the close, we had the holdings of warren buffett and others. stop trading on people. it doesn't work. it's a loser strategy. >>> after four days, paul ryan's polls have shot up 50%. i'm telling you, he's a game changer for this election. good evening, everyone. our top story tonight, vice president biden opens his mouth and inserts his foot. this after he says that republicans and big banks will put blacks, quote, putty all back in chains. it's a complete outrage. but team obama then says, quote, we have no problem with his remarks. joining us tonight, two powerhouse guests, america's mayor rudy giuliani and best selling author ann coulter. also this evening, p

high growth tech troika because there is so much attention on stinkers like research in motion and nokia and facebook, groupon, flat liners like yahoo!. not enough attention has been paid to brea, but i hope there is attention on cisco because of the positive dividend. first let's talk about what apple, amazon and google have in common, which is the ability to remain on the cutting edge at all times. hardly a day goes by when one of these companies doesn't roll out some new initiative that makes you stand in awe of them all over again. during the '80s intel didn't roll out things like this. ibm didn't. this is amazing, people. for example, they all embraced the kind of social media i like. from the ease with which you can purchase apps my friends and my kids' friends talk about to how well they work on the road when you're driving or walking around or the way they tap into the cloud for the information you need to grab a flight, book a hotel or buy something you like personally. i see it every day. listen. i'm trying to figure out who sings "titanium." that's a hot song. next thing you k

. >> nokia used to be king of the world and now non-existent.lthough android is on lots of devices that account for its market share, no single device in the smartphone or tablet space yet to take on apple head on. i have a nexus 7, very good. apple is coming out with a mini, depending how much it costs might be the nexus 7 still board killer. that is what's going on here. they have the single most popular devices and google has the single most popular operating system. >> we forget apple is originally a computer. i'm in the market for a new machine and looking at the macbook and thinking i could get the same thing with a new ipad for $499 and $75 blue tooth keyboard and icloud. if i can, am i just cannibalizing apple's own business? >> yeah. i think that's what's going on. apple wouldn't say that. it's hard to see it explicitly in the numbers. you look at their computer business, the mac business is 18% of the overall revenue. 10 years ago, 81%. reality is other businesses have grown. to your point, i think cannibalization of the mac is the bes

research in motion, nokia. how about radio shack? that was a good one. super value.ll the way down we were told long-term, you're fine. or in other words being a long-term investor doesn't give you license to be a lazy investor as anyone who owned stocks through the horror of the crash of 2008 and 2009 knows, it doesn't work. investing for the long term doesn't mean owning stocks forever. it disabused people of the idea you can buy and hold stocks for eternity and somehow bank of america comes back. if you don't pay too much attention or try too hard, uh-u -- i get it. the lessons are being targeten. that can't happen on my "mad money" watch. i have always been one of the loudest opponents of buy and hold. in the world of euro melt downs and flash crashes many people who espouse the philosophy have uh tried to change their own tune. doesn't mean you should write off the idea of long-term investing. doesn't mean stocks can't make you money over time. that's what many of you think if you confused long-term investing with buy and hold. buy and hold was a bonus but stock