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this is the official card... of the world's large airline. >>> a tiny oun in hungary is about to become the hard rock franchise. that's something they own from vegas around the world. they are think a hotel and casino. i'm sure anyone from there is e-mailing. it will be the largest casino in europe. the total investment is more than $6.5 billion. that's a lot of money to invest in casinos right now. why are they doing it? we have the chairman here to complain. the story caught my imagination. why eastern europe and why now? >> europe europe is the government of hungary. they caught a class one license that enabled us to build a true casino. if you are familiar with europe, most are small and more of a laid back environment. we truly want to create an entertainment capital. >> most of them are not destinations. >> correct. >> you go in and do your thing. >> and i don't know what the right word is. they are not high end. this is the goal to make this into a complex where you have entertainment and hotel and you hav

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card.. ca 1-8kymiles to apply. this is the offici c card... >>> despite the mess in motor city, more drivers are looking to buy american. >> reporter: at joyce ford in chicago business is looking up. a new attitude with customers. seeing ford as a better product but coming in and looking at it. >> reporter: that optimism is backed by the late report on new car quality. 80,000 buyers reported 10% fewer problems with big three models while ford and brands and lexus and porsche had the fewest problems and toyota and honda had fewer difficults, ford and chevy and mercury closed the gap with better than average quality. ed is proof detroit can win back customers. the last five cars have been german. last week traded in a bmw for a new chevy malibu. >> it does stack up with any of the ones i have driven in the past. i think the gm is getting it right now. >> reporter: for on the money, i'm phil lebeau. >>> i want to buy an american car, i want to do that right now, but they are not sure how to go about it and which car to go. for a lot of

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of carrying the official card of delta air lines. switch now and you can earn miles... on delta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. i'm sorry. i can't hear you very well. announcer: does someone you know have trouble hearing on the phone? dad. dad, let me help you with that, okay? announcer: now, a free phone service shows captions of everything a caller says. i'd like to make an appointment to see the doctor. announcer: to learn more about captioned telephone, call 1-800-552-7724 or go to our website. i'll see you at 3:00! announcer: captioned telephone - enjoy the phone again! >>> president obama's supreme court nominee sonja sotomayor vowing impart ashl if she's confirmed. john harwood has been talking to -- >> hey there, am i talking to one of the emen? >> i think it's the e man. kernen, quick, quintanilla. >> although it sounds like joe has a problem with change on that set ther

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this is ththe offici card...f the world's larirline. >>> > i'ababt to say something atat w't endureee to a lot of people, wowon'geget a lot of friends on wall street. ininacact,t will probably get me disinvited from m a t t ofuper paies at the hamptons, but m my job is t to ototecyou by calling them like i see them. sosoerere goes. e oil futures market, , 's's a total l fae.e. even i, someone who o ceceptthat hohower awful it might be, a ceceaiain ount of legal ninipution is always going t t bebenherent in the game, b becse the rerelalato are almost tototay y caured by the financial l dudust, even i am mpmplely stunned and outragege by the phohonenessf this oil fututuremamaet, which is a total traveses o of mockery of a sham. you'll never hear r th f fm anybody else e eepept r maybe bernieieanande, the socialist centnterrorom rmont. ye, 's's an tutual sialist icicdoesn't help my credibility hereut l the peopop w whorgued that the coodities market can't b b manipulated, because t therere t deepep- - tobig, "deep"

of carrying the official card of delta air lines. switch now and you can earn miles... ta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. >>> good morning. welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and carl quintanilla. the dow is hitting right now. talking about dow chemical, and they posted a profit, which is surprising. >> posted a profit when you strip out items and look at discontinuing operations. and the machine just went away again. why does it do that? but anyway, they talk about a nickel versus the loss of 8 cents which was expected. they say there's a lot of things happening here. management stepped up cost interventions. the.can was able to maintain prices from the prior quarter so all of these things helped out more than the street had been expecting. >> revenue is way below, though. 1.3% versus 13 estimate. so this is -- >> so again, you're ta

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of carrying the official card of delta air lines. switch now and you can earn miles... on delta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. . >>> the squawk on the street. i'm matt nesto. we're back. the earnings are flowing, it's heavy. check out this credit couple. visa reporting overnight. but mastercard stealing the thunder with a 10% move. the company beating the $2.67 per share versus a $2.42 estimate. both mastercard and voe is a reporting an 8% increase in transactions on a global basis. visa you can see up 4% here today. they came in after a close with better than expected results. interestingly, mastercard in the s&p 500, visa in the russell n 1,000 but not the exclusive s&p 500. also worth a peek. royal dutch shell. other big avrs are active and huge and worth looking at again today will be siemens, ast astrazene astrazeneca, and sony -- stocks from different countries worth a pe

of carrying the official card of delta air lines. switch now and you can earn miles... on delta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. robert shapiro: we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >>> let's get a final thought from roger. strategist at point and york. we were talking heatedly off camera about politicians. i want to bring it back to that. have the politicians actually done their job and created better credit conditions by all their actions over the last year or 18 months? have they come up with something goo

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this is the official card... of the world's largest airline. >> i'm jim cramer. and welcome to my world. >> you need to get in the game. >> they're nuts! they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money" and cramerica. other people want to make friends. i'm just trying to teach you how to make some money. my job is not just to educate you, but to entertain you. call me at 1-800-743-cnbc. it is my job to protect you from making the worst mistakes out there, to coach you into being the best investor you can be. sometimes that means defending you against the conventional wisdom not just on wall street but the kind of bogus, common sense, conventional wisdom you'll hear all the time from your friends and from the punditocracy. somehow these people contend their knowledge that they are intellectually superior to the rest of us. have decided that ordinary people like you shouldn't own individual stock. they think it's irresponsible to pick your own stocks. tha

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of carrying the official card of delta air lines. switch now and you can earn miles... on delta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. >>> alas kas ka, governor, sarah palin gone fishing. she abruptly announced friday she was resigning as governor at the end of the july. the announcement shocked the republican party. palin used a basketball analogy in revealing her decision. >> a good point guard, here's what she does, she drives through a full-court press pretekting the ball keeping her head up because she needs to keep her eye on the basket. she knows when to pass the ball so the team can win. that is what i'm doing. >> so what now for governor palin? sean is in anchorage. >> reporter: she has kept a low profile before making a bombshell of the announcement. she made one brief public appearance, that at the holiday parade on july fourth. she's been spending time with her family doing

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of carrying the official card of delta air lines. switch now and you can earn miles... on delta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. >>> welcome back and time for the "power lunch" trade to go. >> la princessa again it's all about the dollar. the chinese are out of town and we don't have to support the dollar anymore. the weakness has shaken a lot of people out of this trade. what you do here, you look at the natural resources and you go with the favorites and you look at coal and steel and energy. those are the names you want to own. the dollar weakness. >> i love being called la princessa. let's go around the horn. the buy or sell. are you buying or sell something. >> i wouldn't be shorting, but i will be scaling down and benefiting. >> you selling or buying in. >> i would be buying and backed off the highs. we closed near the highs. >> greg and kudos to greg on fast money and every

of carrying e official card of deltairines. switch now and you can earn mililes... on delta w with ur purchases: grgroceries,as, entertainment, and mor get up to 25,0 nus miles... with the gold lt skymiles credit card call 1-8-8kymiles to apply. this is the officiald. of the world's largest airne >>> for more on our show and our guests, check t wsjr.cnbc.com. yoll also find a lk to my new blog. maria bartiroms investor agenda. i pe you'll check it out. >>> thetories coming up inthe week ahe that may move the markets and impact youroney this ek a t of earnings coming ou five dow coonents will rort their second quarter earngs released. bank of amica, johnson & johnson, jpmorgan chase, intel and genal electricake up the list. ge, of course, the parent of the company that produces this program. >>> on tuesday, we get a look at consumer behavior wn retail sales for june will be released. we will also get the produce price index wch would showny inflation at the wholesale level. >>and then on wednesday, the follow-up. the consumer price index which tracks inflaon at the re

of carrying the official card of delta air lines. switch now and you can earn miles... ases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline.

of carrying the official card of delta air lines. switch now and you can earn miles... th your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. >>> we want to head for the chart of the day. the energy space you are pointing to the lih. >> i like this. it's a way for the people watching the show to play the energy area. i think this is the best way to go right now. they outperformed since the beginning of the year and the range is transitioning higher. we have been 60 to 95 and now it looks like we are ni to 125. they all pointed at 125, 135. good upside here and good outperformance as well. >> time to call the close. let's go around the horn. do you buy or sell? bill, what do you say? >> 1,000 was a big target and i talk about that in may. we were a profit taker at about 1,000. get back in the market and we are going higher. >> jimbo? >> i think we sell. the fact that the dollar is weakening and the stock

of carrying the official card of delta air lines. switch now and you can earn miles... on delta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. >>> s&p case-shiller numbers crossed at the top of the hour and what they showed was some encouragement. we dent want to get ahead of ourselves but the annual rate of decline for the 10 and 20 biggest cities in the country improved for the fourth month in a row. may compared to april, we had an increase in home prices for single family home, the first in three years. joining us here, maureen maitland, first increase in nearly three years when you compare may to april, how significant is that headline? is it just a headline or does it perhaps show real stability in the housing market? >> well, it is fairly significant, because you have to put all the statistics together. we saw an increase in may over april, but we're also seeing some abatement in the rat

of carrying the official card of delta air lines. switch now and you can earn miles... ses: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. >>> president obama and leaders of the world's biggest economies are in italy today at their annual g-8 summit. the meeting is la will la, a town devastated by an earthquake in april. you see here president obama and the other leaders a short time ago touring the area where nearly 300 people were killed in april. boy, 50,000 people were forced to flee their homes. and the region continues to suffer aftershocks, including one of magnitude 4.1 just last week. pictures from just a short time ago of the g-8 leaders touring that defend stavastated area, dd region in italy. >>> on his way to the g-8 summit, president obama stopped in russia, our foreign affairs correspondent, jill dougherty, reports on the president's highly anticipated encounter with russia's prime minister. >> repor

of carrying the official card of delta air lines. switch now and you can earn miles... ta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. i think i'll go with the basic package. good choice. only meineke lets you choose the brake service that's right for you. and save 50% on pads and shoes. meineke. >>> well, to celebrate its 100th year, the naacp welcomed the country's first black president to its convention. this happened last night. the president said to the crowd, of civil rights leaders from decades past made it possible for him to become the leader of the most powerful nation on earth. at times, as you can imagine, he brought the crowd to its feet. let's listen. >> congress, serving in places where they might once have been able to vote but even take a sip of water. because ordinary people did such extraordinary things, because they made the civil rights movement their own, even though the

of carrying the official card of delta air lines. switch now and you can earn miles... on delta with your purchases: groceries, gas, entertainment, and more. get up to 25,000 bonus miles... with the gold delta skymiles credit card. call 1-800-skymiles to apply. this is the official card... of the world's largest airline. >>> welcome back. in the headlines at this hour, coach shares down 5%, profits at the luxury hand bag maker dropping by more than 30% from a year ago. but that stock for the year is up more than 28%. office depot shares plunging, too, about 20% after reporting a bigger than expected loss. troubles in corporate america weighing on sales at that retailer. >>> on the plus side, though, mile lanes getting a boost, the third biggest generic drug maker says the fda has only found minor issues at its key manufacturing plant in west virginia. reports about quality control this caused concern about the safety of their prescription drugs, michelle. >> all of the women in hollywood and miami, sit down. in your seat. because senate democrats are talking about a tax