thanks for joining us on mosaic.

of the archbishop and were here today with him on mosaic. it's wonderful to have you here. the shepherd of the roman catholic diocese five dozen catholics you shepherd the mall to the help of your priests and religious and other people that i have to ask you have a wonderful past and wind have a big future but today a big thing is going on in the church. fortnight for freedom in the whole history of the church in this country religious freedom has been a cornerstone of all of the liberties as well. and in january of this year the department of health and human services announced a mandate with regard to insurance and someone but more important to us with a lasting effect is the principle they pasted on and the principle was that you are the to find a religious organization for the first time your religious and and how to religious freedom when you're in your church teaching if the fates are worshiping and employing a working among the people of your own faith. the tradition of the church in this country has been that we operate schools and hospitals and travel organizations

on the upside. point out agriculture names, mosaic potash, moving across the board, strength not just today but this has been something going on for the last several trading sessions. >> all right. energy and materials having a great day. in your wheelhouse, what are you stocks. >> energy, pxe a way to get long, calls last thursday when news the european summit canceled, potential good news friday. the way i'm playing it, taking

>>> was a gun to mosaic on behalf of the rev. and myself with thanks for joining us for mosaic. the welcome back some good friends located here in the bay area charles gibbs with united religions initiative it's good to have you welcome now let's start right out united religions initiative >>> we are global and interfaith organization our purpose is to promote in during daily interfaith cooperation to end religious the motivated violence and create cultures of peace justice and healing for the earth and all living beings. small bowls. but carried out to many local groups called cooperation circles with over 550 of them in 80 countries over half a million members who each day tried to make some contribution to making that purpose a reality to interfaith cooperation. we are in 80 countries and 550 local groups and over half a million members. >>> the begun here in santa to scope greta that's correct out of an invitation from the un in 1993 to the then episcopal bishop pierre william swing ask him to post a one hour interfaith service from the u.n. charter setting at the grace cath

>> this is singling out one aspect of a whole mosaic. >> exactly. >> so this is about politics, not about economic policy. the president is focusing on this because it reinforces his theme about fairness, about how america is reacting to our economic situation and so forth. but there's a lot of other missing pieces here. there's spending. there's the whole question of entitlements and spending. that is not being discussed. there's the question of corporate tax policy. what would it take to get the 2d trillion on books to be invested, what would it take to get american corporations to spend here at home rather than abroad? there's trade and immigration policy. we're talking one piece of a much larger fabric thisis really much more about politics at the end of the day -- >> soy where is the deal? if this is politics, mike, it seems to me the deal that the president is putting on the table, just don't extend them for the very rich, middle class gets protected. >> i don't know the deal. that's way above my pay grade. it seems this argument the two of you are having back and forth is a babe ru

on tuesday . continued yesterday's gains in the opening minutes of the mosaics going further over fourteen hundred points this hour there's a look at individual share movers on the my six most financials high was gaining overhaul of percent energy majors like wells and also supported by stronger crude but carmaker afterbirth is extending some gains it comes off the russia's top carmaker clashing with its dealerships stuff the first complaint hiking prices on the new laws are granted without permission company's shares slipped on the news it's been a bad few days for afterwards which also admits sales fell fourteen percent this year and europe today we'll have more for you next hour all right thanks for that update danielle. well more own money shortly and on our show which has the wall street elite running for cover that's the kaiser apart but first a recap of our top story this morning. wealthy british science. writing. markets why not come to. find out what's really happening to the global economy with max kaiser for a no holds barred look at the global financial headlines tune into kaiser repor

on the upside. point out agriculture names, mosaic potash, moving across the board, strength not just today but this has been something going on for the last several trading sessions. >> all right. energy and materials having a great day. in your wheelhouse, what are you stocks. >> energy, pxe a way to get long, calls last thursday when news the european summit canceled, potential good news friday. the way i'm playing it, taking off that energy trade today. i think that's the right thing to do ahead of the unemployment report friday. keep in mind as the price of oil continues to spike higher, the global spr release on the table. it does not mean i don't believe in the market because i think the market looks good here, just means i wan to be in financials, technology and u.s. or yenned names. >> dr. j, manufacturing was abysmal, more data down the pike as joe just mentioned, of course, culminate with the jobs report on friday. >> indeed, scott. i'm also focused on one of the things joe was talking about oih. there was a huge role in there today. about 100,000 contracts, i think, where somebody sold o

this was a janitor, once he checked me out, he said, come on in, i have to show you something. there was a beautiful wood laid mosaic. this is a marble mosai c. this is at the national zoo. and there's the beautiful rock work. they didn't build porto potties. this is a restroom in yosemite. we discovered these above phoenix. then there's art work which celebrates people doing ordinary but indispensable stuff. this is up at timber

mosaic. but they're only one of many important parts of what predicts where a stock will go over the intermediateerm. that tends to be the focus that i teach about on the show. and it is a teaching show, because i want you to know the metrics i'm using to pick stocks i talk about and recommend here, and with my charitable trust, which you can follow along. i want to teach you how to listen to the conference calls, read them in the transcripts, at least give you my opinion of what matters on the calls and how i let them factor into my thinking of picking stocks. i'm hoping this show will once and for all -- because this is what i see on jim cramer on twitter constantly -- tell you how to evaluate your portfolio, figure out what you need to trim, what you need more of. let it hone your way of thinking -- not mine, but yours. earnings season is incredibly important, what it tells you about a host of issues, four times a year, big report cards. not just the trajectory of the estimates. we're going to flush all that out. i'm so tired of the estimates of a penny or two. that's not making anybody any mo

this was a janitor, once he checked me out, he said, come on in, i have to show you something. there was a beautiful wood laid mosaic. this is a marble mosai c. this is at the national zoo. and there's the beautiful rock work. they didn't build porto potties. this is a restroom in yosemite. we discovered these above phoenix. then there's art work which celebrates people doing ordinary but indispensable stuff. this is up at timber line lodge. they were not used to seeing them or getting classes in journalism. they would get people in trouble. sometimes the art or the artist got in trouble. let's look at a few of the structures around california. this is built by the wpa. the noblist motive is the public good. imagine anybody saying that today. this kind of work is a noble endeavor. county courthouses like this one in alameda. city halls all over california in a variety of styles. this one is at burbank. it hasn't been touched. fire stations all over the place. and police stations and armories. this is the police stables in golden gate park and public libraries. and then one at north berkeley. public hospitals. clinic

this mosaic is on fire. >> indianapolis has had 900 of an inch of rain. basically a sprinkle. just unbelievable what's happening in the middle of the country. >> i was checking in at the inn i own on sunday from indianapolis and they were, you know, saying to me, it's bone dry. do you guys even talk about that in the east? do you know what it's like? >> you were checking them in? >> i check them in, take their bags up. i serve bagels. hey, listen, it's tough times. it's not like the old days, david. >> do you wear a little bell cap? >> just an apron. >> that's got to be pretty funny. jim cramer's checking you in. they're on reality tv. >> merck the other day, he came in, i carried his bags up. >> did he tip you? >> i was telling him you know what, one thing we do have wi-fi. always taking the handout. we've got good restaurants and the guy said -- >> you were fishing for a tip. >> a couple of smackers, i would have been happy. nothing. he said hey, i'm getting very tired. i thought that was my cue to leave. i have checked in so many people. you know what? this job harder than

mosaic. >>> he was extraordinarily talented. >>> subsequentenerations didn't know that he'd been an athlete and a terrific one.reta before any of us it was him. >>> the first jockey turned broadcaster and history of our media. he invented the vernacular. >>> elaine/. he invented the game into the consciousness of america. >>> i would talk like him and walk like him. what heat did for these kids in these programs was unprecedented. >>> touched down on while. that's the kind of a play make. >>> welcome to i and their host and if you're into food we have a show for you. if you like to connect with us are pit just an idea we would love to hear from you at cbs san francisco dot com and click on connect and that will be to of the information. showtime now let's get started. our first guest doubles in the eye to rolled and discovers a may be his future was in third. is not celebrated chef jeff

on how to absorb and overcome a terrible and unexpected tranngt. >> oaurora, colorado, 10 miles east of denver. before, it was striving to be a model of resilience, it was a model of diversity, a rich mosaic. half of the 325,000 residents are minorities. >> i cover aurora public school districts. it's one of the school districtses with the highest number of languages spoken in the entire country. 150. >> there's a big nepalese community and korean and big african community. >> local reporter, adam goldstein grew up in aurora. >> i think you can't find a place as american as this city, just in terms of the diversity. >> when you grew up, was it as diverse? >> my recollections start as a little kid growing up across the street from a palestinian family and my father is jewish. they were my best friends growing up. it wasn't until i was older that i thought, this is a situation that's probably unique to aurora and probably unique to the united states. >> and from this unique place came a unique response to the tragedy. hours after the shooting, gordan ghawi, brother of jessica ghawi, victim, raised an uncommon idea, keep the shooter's name out of the media. >> i want my sister's name out but

on how to absorb and overcome a terrible and unexpected tragedy. >> aurora, colorado. miles east of denver. before it was striving to be a model of resilience, it was a model of diversity and mosaicres and half of the 25,000 residents are minorities. >> i cover the aurora public school districts and it's one with the highest number of languages spoken in the entire country. more than 150. there is a big african community. >> the local computer grew up in aurora. >> i think you can't find a place as american as this city. just in terms of the diversity. >> when you grew up, was it as diverse? >> my ridiculouses start as a little kid growing up across the street from a palestinian family and my father is jewish and they were my best friends. it wasn't until i was holder dithink this is a situation that is probably unique to aurora and the united states. >> and from this unique place came a unique response to the tragedy. hours after the shooting, brother of 24-year-old victim jessica gowi erased an uncommon idea. keep the shooter's name out of the media. >> i want the word out about my sifter and her life and i don't want the media to be saturated by the shooter's name. he gets his

one down in previous quart pers . rich from my home state of new jersey. rich? >> caller: boo-yah, jim. mosaic was up 5% today. fertilizers have run a long way in the past three or four weeks. what do you think of a small corn fertilizer named rentech nigh to general partners. >> you have to go to the potash here. by the way, this corn crop is going away in this country. and people don't talk about it enough what is happening. and the farmers can't go buy farm equipment, but fertilizer is going to be king. and as much as i don't like to recommend red hot stocks, potash is going higher. i feel it, i sense it, it ain't making any money. throw barbs at me, okay? throw them at the market. as long as there's money to be made, check the anger to do some buying. "mad money" will be right back. >>> coming up, fun times ahead? it might be a roller coaster market, but shares of amusement park operator cedar pear has risen 52%. cramer is buckling in and taking a ride with its ceo just ahead. and later, reading between the lines. cramer is put on his "mad money" corrective lenses to show you how to get the 20/20 investing

mosaic of different cultures. half of the 325,000 residents are minority. >> i cover the aurora public school district. it's oneh the highest number of languages spoken in the entire country. it's more than 150. there are napolese communities, there's a big korean community. there's an african community. i think you can't find a place as american as this city in terms of diversity. >> reporter: when you grew up, was it as diverse? >> my recollections start growing up across the street from a palestinian family. my father is jewish. you know, they were my best friends growing up. it wasn't until i was older that i thought this is a situation that's probably unique to aurora. and probably unique to the united states. >> and from this unique place came a unique response to the tragedy. hours after the shooting, jordan gawie, brother of jessica gawie talked to anderson cooper and raised an interesting idea. keep the word out of the media. >> i don't want the media to be saturated with the shooter's name. the more time he has, the less time he has to be remembered. >> reporter: it was an idea quickly embraced by the

on all cylinders. lots of cash rewarding their investors via share buybacks and taking up the dividend. this is a name i love in terms growth, capital preservation an income. >> susie: mosaic from the agricultural sector, the stock flat for the year. you think it's going it to pick up. tell us why. >> absolutely. this is a story that we don't talk about. we don't really talk in terms of the agriculture group but if you take away even the drought that we are experiencing now and key global growing regions, i think that q-3, q-4 is really where it will play out in terms 6 relative and historical pricing for this group. we have seen it happen in the past two weeks, the fundamentals and charts point though to that. >> rooney: let's talk about j.c. penney, are you saying short on that is correct sentiment isn't good, tell us more. >> some of the key factors you look at when you make longer-term investmenters are fundamentals in the chart and sentiment is key. we have new management, 7 months out of the gate and they really had a show-me on three key areas, concept, strategy and getting customers into the store and quite frankly they haven't been able to do that. same-store sale

a rich mosaic of different cultures and half of the 325,000 residents are minority. >> i cover the aurora public school district and it's oneicts more than 150 languages spoken. there are a big korean community and african community. i think you can't find a place as america as this city, just in terms of the diversity. >> reporter: when you group up, was it as diverse? >> my recollections start as a little kid growing up across the street from a palestinian family and my father is jewish and, you know, they were my best friends growing up and it wasn't until i was older that i thought this is a situation that is probably unique to aurora and probably unique to the united states. >> reporter: and from this unique place came a unique response to the tragedy. hours after the shooting, jordin ghawi talked to anderson cooper and raised a common idea. keep the shooter's name out of the media. >> the more time the victims have the less time the man gets his two seconds on television, we want the victims to be remembered rather than this coward. >> reporter: it was an idea quickly embraced by the community. >> and i roux fuse to s

on this barrier island in gorge you'll find 17 miles of windswept white beaches, soaring oaks with spanish moss and abundance of wildlife, steeped in history. >> it's a magical place, a mosaican come and have this experience to see what a barrier island would have looked like on the atlantic coast 2, 300 years ago. >> the original inhabitants of the island were native american who opened it for over 3,000 years. the most famous residents were the carnegie family who bought the land in the 1880s. the remains of their wealth visible today. in 1982, the carnegies turned over 80% of their land to the national park service. today about 300 people a day come here by ferry to take in its unique natural beauty and relish in its tranquility. >> for us it's been a fantastic way to unwind. the landscape amazing, the beach is pristine. >> since there are no cars on the island, visitors must either bike or hike to get around. where are you taking me down? during my visit i hit the trails with park spinned mark boyle, first stop, retreat. tell me about these ruins. obviously it burned down. >> believed to be an act of arson. it was a tragic loss of a tremendous sculptural resource. >> wh

mosaic, a big fertilizer company supplies a lot of farmers out there and need a lot more fertilizer. their report was very good and they're onef the market leaders. >> disney is up because last week, my family spent an enormous amount of money at disney world. >> how was business? >> it looked a little lighter than it has in the past. i think that might be the heat. it was extremely hot down there. >> it was hot in l.a., too. >> i think i will have to pay more for italian wine. we need a christmas club for italian wine. >> to brian with a market flash. >> mmr reported a wider than expected loss and missed on revenues as well. why is it up 7 1/2%? it also said their shallow water drilling is going well and they also have deep water and if they have both, maybe it looks good going forward. >> how bad is that midwest droug drought? we're talking weather, crops and money straight ahead. look at all the brown in the fields. very sad to see that. this is "power lunch." go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. people don't like to miss out on money that should have been thei

mosaic. nat gas gives guys an opportunity to make money. you have to be selective. i think there are great opportunities on stocks that remain very cheap, their input costs remain cheap especially when you're talking about some of the chemical names >> grasso, go ahead, you have the last word. >> two-thirds of the stocks trade with the overall market so to steve's point macro does lead the fundamental analysis here but you've had philly fed, the new york fed and now you have the richmond fed, all huge negatives, you have new orders down dramatically. this is something that's guiding us lower. u.p. is the canary in the coal mine. >> if you get the economic numbers that are worrisome you'll get likely weak gdp number at the end of the week, the jobs data is likely to be a disappointment on a continuing basis at least in the near term you're going to force the fed's hand at some point and i just wonder once that becomes more telegraphed what it means for stocks from the trader's perspective. >> diminishing returns of what we see in qe. the major thing is you have to look at the technical levels because everyo

mostly for single parents, and maybe there are things you can do on the value of having a strong family. i think that fits in well to the mosaic. host: rick had this point, stan greenberg, does the president needed big initiative before the election to energize the base and it said the moderates? guest: i think the big -- hicksite the moderates? guest: i think the big initiative is what he is doing now, saying this election is about the middle class, identifying with what people are going through in this country, understanding how pivotal this is for people and the future. guest: this is something that people are fascinated with. we need a big idea. that is what we really need. in recent america, every stupid idea has been a big idea. a big idea was to invade iraq. that was pretty dumb. another big idea, cut taxes for rich people. that will stimulate the economy and the government will have more wealth. that did not work out. another big idea. let's deregulate the banks. they will innovative and think of things to juice up the economy. well, we deregulated them, and the housing market blew up in our face. maybe, and this could

mosaic having a big buy back. i like this call >> you say eaton's on mad tonight. >> look, these are companies that are not just takingting. eat-in is doing good things. sandy cutler is the ceo. i think he'll trace out exactly how well cooper is doing. >> see you tonight, jim. >> thank you. >> 6:00 and 11:00 eastern time. when we come back, mcdonald's after the earnings with all the challenges facing the fast food giant. can you count on the new ceo to boost shareholder value? "squawk on the street" is coming right back. ♪ [ male announcer ] this is our beach. ♪ this is our pool. ♪ our fireworks. ♪ and our slip and slide. you have your idea of summer fun, and we have ours. now during the summer event get an exceptionally engineered mercedes-benz for an exceptional price. but hurry, this offer ends july 31st. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus. tdd# 1-800-345-2550 i can custom build m

mosaic if you will. those people went out and vote for them. unless they have a defined interest they can use, they are not that valuable. also he didn't run ongenda. to give him credit because you are suppose to be the american president. he didn't run on that even though he self-identifies as black, and that's causing friction in the black communities. they are fighting with hispanics and illegals on the lower end of the socioeconomic scale. they are look at the policies and government failures, worst schools, social services. failing urban environments megyn: there may be unhappiness in the black community. president obama beat mccain 95% to 4%. look at the erosion now. rasmussen reports 93% to 93% to 3%. is there erosion in the black community? >> i want to take issue with something david said. he says african-americans elected president obama because we were vested in his color. that's insulting to say we can't think for ourselves and discern policies. that's an insulting policy to make. you are causing harm when you say that first of all blacks vote for democrats historically in large numbers since basically jfk, so that's not new with

look back at the whole mosaic of the rules and see how they fit together and give people an opportunity to see how we think of sequencing them and then to consider how to comment ont, and that's the policy statement i mentioned in my opening remarks that we put out as a way to kind of help inform that debate. >> very good. chairman, you've taken a little different view of that in your role out. will you comment on that? again, comment on the -- how things are going in working with the fcc in trying to get these things accomplished. one of the problems we got, and you guys know this better than anybody, but when there is uncertainty, and there's uncertainty in this area, there's uncertainty throughout our entire economy. it's such a drag on the economy, and so if you would comment, that would be great. >> i think it's working very well with the fcc, with chairman shapiro and the departments. it's the staffs really. there's a low bar and rules that the congress asked the agencies to do back in 2000 that were not done when each of us got there, eight, nine, ten years later, and yet, we just completed two rules joint with the fcc. i know there that was a a low bt we'

look back at the whole mosaic of the rules to see how they fit together and give people an opportunity to see how we think of sequencing of them and then to consider how to comment on them and that is the policy statement that i mentioned in my opening remarks that we put out as a way to help inform that debate. >> chairman, you have taken a little different view of that in your rollout. please comment on that and again, comment on how things are going in working with the sec and chongging to get these things accomplished. one of the problems we've got coming in you know this so well better than anybody. but, when there is uncertainty and there is uncertainty in this area there is uncertainty for the entire economy and it is such a drag on the economy, and so, if you would comment, that would be great. >> i think it is working very well with chairman shapiro and myself forming a partnership but it's not a tremendous the staff really and it may have been a low are but there are some rules this congress asked. we completed the foundational rules jointly with the sec. in terms of moving forward, the congress gave us oversight to what is approximately 95% of the overal

wanting to look back at the whole mosaic of the rules and see how they fit together and give people an opportunity to see how we sequence them and consider how to comment on them. that is the policy statement i mentioned a in my opening remarks that we put out as a way to help inform the debates. >> very good. you have taken a different view of that in your role. will you comment on that, and comment on how things are going and working with the -- with trying to get these things accomplished? >> one of the problems we have and you know this better than anybody. when there is uncertainty -- there is uncertainty in this area, there is uncertainty throughout our entire economy. is such a drag on our economy. if you can comment that would be great. >> i forming a partnership, but it is the staff, really. there are roles that this congress asked the two agencies to do in 2000 that were not done when each of us got there eight, nine, 10 years later, yet we just completed two important financial roles jointly. that as a low bar, but we are doing so much better. in terms of moving forward, congress gave us oversight to what is approximately 95% of the overall swa