oracle, very similar. the k traded up to 21.50. 100 million shares in orac they just repoedarnings the y before. we said take mey off the table. not that we didn't like oracle. we said this is a great opportity, especially if the ta is going to correct to get this stock around 19.50 or 2 lo and behold, we pu bk yesterday. itoesn't matter what any of these guys, politicians. whcares. it's all about tradinghe stks in front of you. tornado traid the markets you havenot the one that you want. >> shake and bake. >> a because of that volatility andions stratees, the najarian boys would be all over this to say this is a time to use volality to yr advantage. protecting you on thdown side, and maki money. >> and take a look at sh. he was talngbout it last week. potash a great trang vehicle. looks like it's found a bottom. gon, buy the july $90 puts for about $1.50 a trade this thing om the long side. i kept some going home tight. potash, take a look that. >> there you have some trading vehicles. not miss the premie

larry ellison and oracle and you and that's a good bet.inning in the stock market is not waiting for the golden cross. or knowing how to do the pony. it's about anticipation. it's about staying in the game. after the break i'll try to make you more money. >>> coming up, smart phones are red hot. but can the guts of these gadgets make you some green? cramer goes head-to-head with cypress semi ceo to find out if his stock can have you reaching out to touch some "mad money." >>> plus -- lightning strikes. cramer goes electric taking all of your calls in a spine-chilling overcharged "lightning round." >>> and later, e-mail us at madmoney@cnbc.com and jim could answer you on the air on an all new "mad mail" all coming up on "mad money." announcer: the perfect hotwire getaway-- shop till you drop, relax by the pool at a four-star hotel for a two-star price from hotwire.com. when hotels have unsold rooms, they use hotwire to fill them... so you get them at prices lower than any other travel site, guaranteed. like four stars in chicago. travelocit

yahoo and oracle.y they're two tech stocks and forget about it or say one is online play and software play. they are trading together. i have to buzz this portfolio and say you should literally, i think yahoo is having a great quarter, i think you should keep yahoo and take the profits in oracle, i'm sure you do because the stock is up a lot. >> to joe in new york. >> reporter: mr. cramer, a big apple boo-yah to you. >> i will be there this evening. what's up? >> caller: i have five stocks. i appreciate all the little lessons you give. i'm up about 25% so far for the year. >> thank you very much. thank you. i like it. i've been taking a little heat lately for 54, about 47 years, good, nice change of pace. >> caller: keeping up with it. my five stocks are a little bit -- they're really more i got them off the dividend. the first one is jpmorgan, jjpn and second cglt. con na coe phillips i know you're bearish on and call qualm and bristol myers squibb. >> he doesn't really have that much dividend here. j

sun's our -- >> which will now be oracle? >> lit now be oracle.now be oracle and we involve that. it's probably not a true software company or hardware company that we don't use in some way or some fashion to deliver this. this is not tv and this is not where you can turn on a box that's been around for 60 years. this is still relatively new stuff that requires the work and a lot of really dedicated work of a lot of companies. you mentioned a lot of them. >> how far ahead are you, and i mention this because, for instance, my kids, i don't believe will watch tv. i think they will watch this. this product, by the way, seems to get better literally by the month. how far ahead are you of what everybody else will be doing and do you believe in my thesis given that the mobile internet is the biggest thing. you've been involved in technology from day one. is this the biggest thing we've ever seen. >> i think wireless is. >> we got blessed with a commissioner ten years ago that set up the business. we're blessed with great content, 15 live games every day

oracle kicked it off the week before. you have the search and the chips.you look forward to next week, obviously texas instruments stands out as monday right after the close. they already have given us a little preview, because in june they raised their profit forecast. what we have to hear from them now is because of the fact they lost out with folks like nokia, where do they see some of that growth? they put themselves still in front of the -- the consumer products area, and if they can get some growth over in china with their chips, that will be huge. they're still involved very deeply in the cell phone market. they have the dlp products as well, so i think that will be a very, very key number. intel, i think, we all came into that knowing that was going to be strong. now can texas instruments follow that up? if they can, then they have more room and they all look like they're exploding to the upside on a complete breakout right now. >> all right, pete. >> unbelievable music here. >> a velour shirt under a black light poster. >> how did you know? >> if

and oracle.ersified?" >> take a look here. it's not easy. you'll see why in a second. okay, this is a biotech company out of china. i really don't like that company. but it's a biotech company out of china. we have citi which, you know, look, let's be honest by citi, it's a good field. it's not as good a field as the yankee stadium. oh, the stock, excuse me. terrible. terrible bet. decent field. good sight lines. now we have this. walmart which is -- everyone tells me that walmart's quarter is not that good. i look at it and say the stock is at a 52-week low, let's go buy some. then this here is the problem. yahoo! and oracle. two tech stocks and forget about it, or do i say one is an online play, one is a soft play. i will have to buzz this portfolio, and say you should, i think yahoo! is having a great quarter. keep yahoo! take the profits in oracle. >> caller: i have five stocks. i appreciate all the little lessons you give. i'm up about 25% so far for the year. >> thank you very much. thank y

let's get the inside scoop from the man some call the oracle of ricoh park.. it is time to go off the record with one charley gasparino. >> on the record here, i want you to know, i am not from rego park. i was born in the brauonx, new york. i worked in rego park for a news investigative reporting team. that name is courtesy of the brilliant but deranged dealbreaker. >> i'm sure we'll get a call from beth leaven. let's get back on topic, charles. how much more time to pandit and lewis have? >> there's a lot of stuff in the press about memorandas of understanding between the two banks. these memorandums of understanding map out a plan that they have to sort of execute over the next couple of months. and, you know, what wasn't said in these -- in these stories, at least not high enough in the -- in the pieces was that -- and i don't believe it was said up top. i must admit, i read both of them with a massive hangover this morning. but what wasn't said clear enough, at least for my drinking taste, is the fact that those mous, memorandums of understanding, are a p

>> who would like to stand in front of oracle, and sayour name?ho -- at would you say toim if you met him down the road? >> i think he my role model becae he is very courageous. he cando thgs without being scared, even though consequences may be bad. he kes it. he is thbiggest president in the world. he has proven that black people can do exactly what white pple can. >> that is at the ki are feeling ght noand obvisly there is mor but for these young folks, jushaving barack obamaere is a gift. back tyou in london. >> give us a call. theyre working the crowd. big band is an image defini london, d it has been one ended 50 years since it first rang out. we are here >> they are themost fams bells. for 150 years, they have chimed every hour. they mark ese changes, every hour, every year. it is structural triump of victorian engineeng. first, it w set up in the yard, but shattered it is melted down and recast, d theell laboriously goes sidewa by gangs of men up te tower. ever since, that represented london a britain around the world. iwas spread around t

>> who would like to stand in front of oracle, and say your name?ho -- what would you say to him if you met him down the road? >> i think he is my role model because he is very courageous. he can do things without being scared, even though consequences may be bad. he takes it. he is the biggest president in the world. he has proven that black people can do exactly what white people can. >> that is what the kids are feeling right now and obviously there is more, but for these young folks, just having barack obama here is a gift. back to you in london. >> give us a call. they are working the crowd. big band is an image defining london, and it has been one ended 50 years since it first rang out. we are here. >> they are the most famous bells. for 150 years, they have chimed every hour. they mark these changes, every hour, every year. it is a structural triumph of victorian engineering. first, it was set up in the yard, but shattered. it is melted down and recast, and the bell laboriously goes sideways by gangs of men up the tower. ever since, that repr

oracle's pulleback, as well. it not that i don't like these companies. they're all tradingehicles and they traded on the ranges. >> it's another one of the great tenicals out there. this had a huge setup on the sellide. intel was 30% t late on this upgrade. >> ibm, 119 was the cle on big blue. joe, you've been active on the calls on ts name. $1 00.19. big surge. no, no. $100. >> the tape rces you out. you can't ng in there. you've got to move to the sidelines. clearly and wait for the guidce. >> this is not a buying opportunity. r all those people looking at big blue for so long, $100 is noit? >> if we have extension to e downside of a pretty ugly tape of what we're seeing right now,o, you stay to the sidelines. if you see sbilityn the tape and you see that it looks like e selling is subsidinsubsiding, m is a name you clearly want to be playingfrom the long side >> guy? >> i think it's insting. ey gave you guidance. the tape will be lousy. does it trade 99? maybe, but now it's ateast lels now to dip your toe, so yes, i like ibm. >> look, record -- free c

i think oracle is a stock that can move 30% from here over a year because business spending will pick up. the general business position is fine and all of tech is on fire. brenda: pat, what do you think? >> i don't think so. you heard most tech companies saying spending is not picking up. brenda: where would you be? >> intuitive surgical makes minimally invasive surgical devices. you cut a small hole. get the person out of the hospital faster, lower cost. brenda: 50% in two years? wow. toby, what do you think? >> i love it. i love it stock and love the fact that you are talking about puttinging holes in people. brenda: gary b, 10 seconds. >> starbucks is opening new stores, they will bomb and serve alcohol and stuff. if you want good coffee they should stick to mcdonald's. it is the stock up 20%. brenda: what do you think, toby?

it's thursday evening and the oracle of omaha's whirlwind weekend is just beginning.meets with the troops. >> thank you. >> employees from dozens of berkshire's companies. taking photos with each and every one. >> thank you. okay. i know it's a lot of work, but you do it and i don't, so i'm fine with that. and if i don't get a chance to say thanks to all of you late on saturday, thank you very much. i love it. thank you. >> before heading to the omaha bridge studios to play with

. >>> coming up, an exclusive interview with the oracle of only ma haw warren buffett. does he think the economy is finally turning around is this that's on gma. that's your money scope report. i'm jeremy hubbard. . >> all right, it's 6:24 right now. i've got one complaint about the weather. it's brett working the cameras. he's not happy, he wants 100 doe agrees. it's not going to happen. we're not even going to get 90 for the week but for the rest of us, we enjoy it. we'll make it to 80 this afternoon. turning partly cloudy. tonight in the mid-60s and tomorrow 86 degrees with the shower and thunderstorm possible most likely after 6:00 p.m. through the overnight hours. staying a little muggy and near 70 by sunday morning. as we head in through sunday itself at 85, a morning shower and afternoon sthorm as well. we'll push 87 with showers and thunderstorms possible by wednesday and thursday of next week. let's see what's happening on the roads on this friday morning. back to kim. >> reporter: i'm not getting any problems to tell you about on the major highways. 95 southbo

it is thursday evening and the oracle of omaha's whirlwind weekend is just beginning.st he meets with the troops. >> thank you. >> employees from dozens of berkshire's companies. taking photos with each and every one. >> thank you. okay. i know it's a lot of work, but you do it and i don't, so i'm fine with that. and if i don't get a chance to say thanks to all of you late on saturday, thank you very much. i love it. thank you. >> before heading to the omaha

the oracle of omaha says he would be investing in equities but which should you choose? here now to give us plays to work on the current earning season is david lutz and the managing director and also brian stepland, president of step land exquiz. thanks for joining us. david, give me your first trade. >> absolutely. as mr. buffet was talking about the dollar, major commodities like crude oil are priced in dollar so when the dollar goes down it drives crude prices higher. one of the best earning raise is buy pxd, a large acreage position with exposure to international crude and unconventional gas assets. we think the underlying assets are nowhere near properly reflected in the stock. the street has been concerned about leverage in the name. we think the company's free cash flow will work down its debt and reducing the debt will allow them to grow and test untapped resource potential and they are exposed to the eagle ford shale with a resource potential that' significant enough to double their proved resources, now they have also done a lot of collars in order to protect

oracle of omaha taking the top spot as his bet on american express paid off. how big?ock rallied 5%, he made a cool $177 million. ed good for you, oracle. time for the final trade. tim? >> mvt, best seller out there. improving operation margins. great story. zbi? >> yum. >> put my money where my mouth is, children's place. >> i'm melissa lee. thanks so much for watching. see you back here 12:45 for the halftime report and again at 5:00 p.m. for the big show. have a great night, everybody. tdd#: 1-800-345-2550 if i'm breathingi' thinking about tradi. tdd#: 800-342550 i alys have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matt if a company sells comput chips tdd#800-345-2550 or, i don't kn, fish and chips. tdd#: 1-0-345-2550 i' look at all kinds of stocks befe i settle on one. tdd#: 1-800-345-2550 if i think i'mnto something i'll check iout, tdd#: 1-80345-2550 you know, see what other aders are up to. d#1-800-345-2550 thathen i get serious. tdd#: 1-800-345-2550 and the minute i get to something, tdd#: 1-800-345-2550 already know when i want tget out

those stocks are apple, oracle, intel, microsoft, cisco. we've seen this movie before and it doesn't end that well. when we look at the s&p, two of the largest weighted stocks in the s&p 500 are exxonmobil number one, and chevron, those two stocks are down 9.5% and 7.5% respectively. if we have another leg up, we need those stocks to participate. >> you either need that to happen or you need the unthinkable, which is for the same tech names to continue to rally to the moon, i would guess. there's definitely a couple of reasons the energy sector is a place to look. number one, any economic recovery is not going to see us rocketing up because unemployment dropped and we start seeing massive productivity gains. what we're probably going to see is some of the big cap names that have underperformed, as the ones dan just referenced here actually start to outperform now. and they have typically over the last nine years, these are names that have done really well. this year, not so much. in fairness, exxon significantly outperformed the market in 2

. >> that is warren buffett, the oracle of omaha -- half of tablet of viagra -- metaphor. obama did say the had an incomplete and -- information of how bad things are. but nevertheless he claims he would not have done anything differently, even if he had more information. the question is, how long will the voters wait until they exact retribution? we see independent voters shifted away in some polls and in ohio one poll shows a real slive bridge in his rating. is the president in hot water yet? >> i don't know if he is in hot water, but this recovery is going to be so and it is going to be in fits and starts. it is a rollercoaster, and they are definitely in a dip right now, no question. the white house was sloto respond, the republicans were very effective when the new jobless number came out that was worse than expected, and a jump on it and took advantage of it and they got the best of the white house this week, that's for sure. >> charles? >> well, once it hits 10%, that will be the mantra in the press and it will be the story every day. and the administration knows th

oracle bought sun microsystems and earlier there was cisco and pure digital. there has been lots of talk that netflix is a take over candidate by microsoft or amazon with several analyst reports fueling that rumor mill. it stands to reason shares have enjoyed a renaissance. they're depress friday a year ago and with many companies sitting on enormous cash positions and apple over $30 billion and microsoft, google is $19 billion and means plenty of money and affordable companies. that means this kind of thing might be just beginning. >> you stay there and with nearly 88 cents of every dollar going to tech or digital media, the hot button question is do mergingers happen where the government is not involved. bringing in frank a quilla from m&a group where he advised on am jen, boeing, anheuser bush, general mills. let me start with the second question. are we seeing deals that don't involve government stimulus money? >> not really. i think the stimulus moan may be helping the economy to a certain extent. a lot of it hasn't been spent yet and that drives deals. i

. >>> coming up on "good morning america" -- an exclusive interview with the oracle of omaha.lionaire investor warren buffetf. does he think the economy is finally turning around? that's your "moneyscope report." >>> 6:25. high clouds mixing in with the morning sunshine. there will be sun glare though as you drive this morning. clouds fill back in late morning through this afternoon. we have a storm system to our south. an easterly wind. and that will combine to keep temperatures well below normal. we're going for the two-degree guarantee of 78 this afternoon. tonight, settling back down into the low 60s. not as chilly. 79 degrees tomorrow. notice i highlighted a shower, less than 20% chance. wanted to mention the possibility there, the shower threat will increase over the weekend. maybe thunderstorms and 85 saturday. sunday 82. >>> let's check the roads with kim. >> just getting word of a crash in jessup. route 1 at route 175. just be aware of that. police managed to open three lanes past wilkens avenue. only the far right lane remains blocked from the crash involving a tract

. >> that is warren buffett, they are called -- the oracle omaha. dempf the president said he and his advisers did not mislead the economy but he did say they had incomplete information about how bad things were. but it claims he would have not done anything differently even if they had more information. how long will voters way before they try to exact retribution? we already see independences shifting and in an ohio poll it shows real slive in his approval rating. is the president in hot water yet? >> i don't know if he will be in hot water, but this recovery will be slow and in fits and starts. it is a roller coaster and indefinitely and a dip right now. the white house was slow to respond, the republicans were very effected when the new jobless numbers came out that was worse than expected and a jump on it and took advantage of it and i got the best of the white house this week. that's for sure. >> charles? >> once it hits 10%, and that will be the mantra in the press and it will be a story every day. and the administration knows that. but the p

first in regards to the use of oracle three courts with terrorists in the united states there's beenfort made by the previous administration to use, to prosecute detainees at guantanamo bay under article 3 courts so the numbers raised earlier dealt with terrorists who were apprehended outside of guantanamo bay. some americans, some of americans have been prosecuted successfully on the article 3 trials. i want to just ask a question. if you have a person that want on a day-to-day who is not eligible for a military commission under the war crime issue, so there is -- it could be tried in article 3 or military commission than the evidence to proceed either way you want to. what do you think should be the preference? should we try that person in a commission or article 3 court if we have the true option one way or the other two we believe successfully prosecute that person for criminal actions? what is your preference? and why? >> my preference as a general rule of thumb is to bring the courts in article 3 court cases for policy reasons i believe they belong in a military commission case

they send to seek out people with high concentrations of steroids oracles roll on their skin's surface. large, people can give off more more of it. >>> a jilted bride demand ago divorce one week into her marriage? hear about her husband and what she says he did at the end of their hon any moon. >>> plus we'll talk about tomorrow's public service for michael jackson and the tickets for the event being sold online for crazy amounts of money. >>> the weather couldn't be nicer for early july. we'll have all the details and a look at next weekend. nice shot there of the city. details coming up. bad cholesterol but your good cholesterol and triglycerides are still out of line? then you may not be seeing the whole picture. ask your doctor about trilipix. if you're at high risk of heart disease and taking a statin to lower bad cholesterol, along with diet, adding trilipix can lower fatty triglycerides and raise good cholesterol to help improve all three cholesterol numbers. trilipix has not been shown to prevent heart attacks or stroke more than a statin alone. trilipix is not for everyone, in

but oking at the b bigrr technololo markets, the intels, ciscos, oracles. there will beeroroer ccovagage. many companies that are t trang atat 12,22 and a halff times earniningsrereoing to papaicipate with eighthtoo nine percent in grthth. ththosare areasouou can invest in right now. and some of e consusume stapaple areaeas. those have b bee left bind adds the market hasone up. as youou look at some of t t dr companies and the drugstores. along with ke and pepsi are reallyly gdd buyuy right no >>t's follow that. dadais goggrom thee defensive sectors. ininde ththe market,, mmoditie ha ld off. oioi todada gold has soldoff. raraw materials havave sd off. trsury bond ratesave come way y owow looks like a deflation play iss replacing the reflags s play. what does thatat mean forinvestm strategy rhtht in here? do you go denensi andtatay awawayrom the c cyccacalshat haha let thehe market re until recently. thanks for havingngme f fir anforemost. have ha a l of greatt people come on y you show. we haveoo fusus on c capity forr ri.. you mentionn deflation. i think w

mailer has sat before the oracle, the most saintly of the astronauts. someone who was simply not like other men in. who was apparently in communion with some strength in the universe, others did nothing to apply. it was up to mailer to decode armstrong. like mailer we were to be the author of our own moon landing. he tauscher the making of his own a neil ball hitting on correspondent frank mcgee interview knew the end of the day on july 5th. in the interview he referred to his story in like a magazine like building hamlin in which armstrong told that a recurring boyhood dream in which he hovered above the ground. he had read the story when it was there but dismissed as important until he heard armstrong after a day filled with neil's engineer spake corroborates that, indeed, is a boy he had had such dreams. mailer was taken with the beauty of the dream. it was beautiful because it might soon prove to be prophetic. beautiful because it was profound and mysterious. a beautiful because it was appropriate to a man who would land on the moon. for mailer it w

nonetheless, oracle thinks with the sun acquisition, that will be a predict to earnings. novella, also a chip maker, second quarter estimates were lower. third quarter lower as well.. doesn't seem to be applying to applied materials. its rival. take two interactive, delaying it's big game bioshock 2. the biotechs. nova pharmaceutical has a treatment for hot flashes, it's also getting bought out for japanese pharma by $15.16 a share. almost there now. and seqeunom said hpv tests work better than rivals. up nearly 7%. let's head over to the nymex and sharon epperson. >> i'll pick it up. we're seeing oil prices back up 60 bucks a barrel. tracking equities a bit here. peter beutel of cameron hanover points out that even though higher equities don't necessarily equate to higher economic growth, oil trade verse tended to trade up oil in light of higher equity prices. yesterday, they finished the day only slightly lower. that is crude oil prices in the face of higher equity prices and today they are track higher in the face of those higher equity prices as well. ray carbone says

it's why the intels and the kiskoes and the apples, and the oracles and the googles and the software companies or little guys like semiconductors can do well. by the way, i think that apple can go to 200 in the next few months. it's the most immune-to-washington stock that i can find unless they start taxing ipods. think about this non-washington halo tomorrow. if the nasdaq is down, amazon reported disappointing earnings tonight. yes, i still like amazon. here's the bottom line. tech can shine simply because it's practically the only sector that's not touched by obama or pelosi's agenda. could last 3 1/2 years. you can bet this one, well, let's just say that until people catch on about what's really going on in washington will remain undiscovered and the stock prices will go much higher and, yes, there's going to be a lot more stuffings knocked out of the bear. i say we take calls. anyone else agree? okay. how about we speak to michelle. michelle? >> caller: jim. i'm calling about google. i understand it's got a mobile operating system, and it's trying to get into this industry. so

they call warren buffett the oracle.lan greenspan was known as the prophet until the economy unraveled. for the rest of us, figuring out what they mean can be confusing. take profits for example. they're up at banks but down nearly everywhere else. what's up with that? one way to make sense of the cards is to divide them into leading indicators and lagging indicators. >> the lagging indicators are things that already happened, they represent reality as it is today. and the leading indicators, those are the key cards. and that's what the future holds. and those are the ones we really want to look at. >> reporter: stocks are leading indicator. the dow jones industrial average has surged to highest level in seven months. a good sign. on the other hand, consumer confidence, which has hardly budged, is a lagging indicator. another lagger, unemployment, up to 9.5%. the highest level in 25 years. >> how you feel now is based a lot on what just happened to you, and if you just lost your job and your home is about to be foreclose

the reason it continues to get done is there's so much cash on the balance sheets of ibm, of oracle, cisco, microsoft. we haven't mentioned them in the takeover space and they've got a ton of cash and going to spend it. so the firms i would concentrate on are the ones basically in the 500 million to about 5 billion space. i think those are going to be gobbled up quickly as these big tech firms have the cash, don't need to go out and raise it. that's been an ongoing theme that continues to play the organization for economic cooperation and development was out with a report this week saying tech firms see a recovery. certainly around the world from the companies and the analysts that you're speaking with, which sectors with within tech are feeling the best right now would you say? >> i think software is looking good. hardware is starting to see signs of recovery. the chipmakers have had very good things to say towards the back half of 2009 into the first quarter of 2010. that's very good. services, software, software services also looking interesting, infrastructure is as we start to s

take aook at other names owowin weweakss, yohoho dell the same d oracle d dow 1.7% keining ce with the market. wewealk so muchababou oioil. we'll get t to sron in second. the trend lately, oill is wn. solalaststoc aredown. a good bellwether,, t t whole sector of the nasdaq is down. vivisly, if oi i't too high, they'r're tt going to invest insolar.. finanaiaialsre mixed todayay, b al of the discount brokers are down. we're talking. . ro price,e, amamerrara, schwab tthth wnwnde. berthaha t tal about the chips, the entire s s conductor upgradeded intel has now t tned netive. marvell,l, tyy uppedheir 2010 growth f fececasby 50%. so listen, it might be down totoy but bank of america, merrill lynchhuttish ouout own is thesese uiuiti. wawant to leave you witit apap wireless, upp 2.6%n an upgrara. that's itt for the asasda araron epperson frontnt andcentr onon again down athehe nymex with the oilil tradede >> five straightayayof laws. crude pricess rhtht now settltl right belolow $63 barrel and continue to f fal and electroni trade. wewe'r payinglolose attention t wherere e e s&finishes today.

it allows ibm to better compete with oracle. in a separate deal, ibm is acquiring ounce labs for an undisclosed sum. sprint nextel acquiring virgin mobile usa. that's for nearly half a billion . that is a 31% premium to the closing price on monday. the deal allows sprint to focus on the fast growing market for prepaid cell phone service. for a closer look at the markets, let's get more from bob turner, chief investment officer at turner investment partners. gentlemen, welcome back. >> thanks. >> any risk here that we go into a double dip? in other words, we feel like we're out of the woods and feel like we've seen the worst of the market rallies. here are back at 9,096 for the dow jones industrial average. are we missing something? do you think this is for real? >> i think it's for real. the economy is improving and what we like to see is actually this market's climb the proverbial wall of worry. sentiment is still negative. most investors have missed this move and therefore, any settling back is really met with buying as invest

>>>>erhaps the oracle ofofmamaha will have somemethg g say about the financials.s. american express, wells fafarg among them. alalrey he has commemeeded abou coumumer sales likikbeberkire hathaway c comnini being very, very soft. those are hiss words. wewe wl bringououhe full interview comingg up later on i the prram. moving on n no next tre.e. tataf f e tape, oil up over 0 at one poioint whwh's's t best way to trade ththis >> the tngng tt's interesting me, we s staededesterday talking about itit on the show yestererda t theoih, h hea oi eleld services name coinued to dodoucuch better t tod enwhwhen oil was dodo a at parts of the y. i know i i closed upslightly.. and toe it's ve interesesti that you have e lolotf this rhetoric comomin o of the obama adadmiststraon about t tryg to hedge speculalaonon in the commodities marartsts, in particular the o oilrket. ouout any other admiminirarati i would d y y yoknow what, thih is going to blowow or,r, fget about t .. t thend of the day they're not going to doything. is admininisatatn, tthoh,h,as own they are differeren and

so names like microsoft, oracle, intel.ey're going to do very well in this recovery. >> mr. crandall, what do you think about american technology companies, and including those big ones that david joy just mentioned? >> i think what we need to do, larry, is we need to loosen up immigration we need to let those companies bring in or hire the kind of brains they need. one of the key issues in the american economic equation, to me, is we need to have technology leadership. and we simply cannot have a circumstance where we are bringing people in, they go to school here, they earn a doctorate here, and then they go somewhere else because we won't let them stay here. that makes no sense. >> mr. crandall, one last one for you, it's such a pleasure to have you on. i wonder if you would tell us which particular country you like overseas. >> well, larry, i don't know that there's any particular country. but if you look, for example -- just look at europe, which is certainly not an economic and market leader, but the amount that they

the oracle of the bronx -- >> they grew up -- >> always a pleasure. >>> coming up, an interview with the ceo of ebay. of course, we'll ask him about how his business compares with amazon.com, which is dropping in the after-hours session. g b [ engine revving ] [ engine powers down ] gentlemen, you booked your hotels on orbitz. well, the price went down, so you're all getting a check thanks. for the difference. except for you -- you didn't book with orbitz, so you're not getting a check. well, i think we've all learned a valuable lesson today. good day, gentlemen. thanks a lot. thank you. introducing hotel price assurance, where if another orbitz customer books the same hotel for less, we send you a check for the difference, automatically. with annuities from fidelity. turn your savings into income -- guaranteed, and get a retirement "paycheck" for life -- guaranteed. call... to get started, and learn how to secure retirement income that won't go down -- guaranteed. call fidelity at... for details about guaranteed income for life, and change the way you think about your retirement sa

i think you're starting to see folks like oracle and ibm and s.a.p. start to get more and more of their revenues from emerging markets. and that may fuel multiple years of tech growth that's faster than the rest of the market. >> mark, tell me where you're investing right now. where do you see the growth within technology? >> i think one of the big areas to invest in is mobility. and it's just, you know, getting information anywhere at any time. that's smartphones and that's netbooks. i think those areas we'll see -- you know, they're already very big volume areas within technology. those will continue to see very good growth over the next year. i think with both of those products you're still kind of in the early stages of very solid growth. do you want to invest in companies that have just the technologies that make those products happen? >> it's a great point. i think it was eric schmidt who recently told me, ceo of google, who told me that there are 800 million pcs in the world but 3 trillion mobile phones. so that right there gives you a pretty g

. >> now, some of your competitors are oracle and sap, very big rivals.u managed to gain mark share. how has that come about? >> are if i share with you the secret, then my competitor will know. no, actually, i think it really is focused all on innovations. we just happened to have the innovation cycle right now on our side. i'm sure it goes in cycles. >> speaking of cycles, obviously we are in this downturned economic cycle, and your clients are businesses. >> yeah. >> based on their spending trends, do you have any sense of a turn around in the economy? >> you know, it's still going to be tough. i think it's going to be slow. people are going to be very cautious. but their needs are out there, you know, so kind of like you hear that all of the time from ceos. the deals are there, it's taking longer to close. so i'm not concerned on the downturn, but i think the next six, twelve months will be challenging. >> mobility is one of the fastest growing parts of your company. how important is mobile computing going to be in the future, and what is the future o

a billion-dollar deal earlier this week followed by ibm follows big moves by amazon, intel, oracle, andisco. some experts say netflix could be next. >>> and get a load of the newest g-phone from t-mobile and google.. my touch 3g is a notable improvement from the first g1, slimmer, slicker and a better touch-screen but not nearly the number of apps that the apple iphone has. a new technology but still a long way from challenging at&t's dominance. that's your tech check. i'm jim goldman in the silicon ally need it these days. how come? well if you're hurt and can't work it pays you cash... yeah to help with everyday bills like gas, the mortgage... ...and groceries. it's like insurance for daily living. so...what's it called? uhhhhh aflaaac!!!! oh yeah! that's it! aflac. we've got you under our wing. a-a-a-aflaaac! bad cholesterol but your good cholesterol and triglycerides are still out of line? then you may not be seeing the whole picture. ask your doctor about trilipix. if you're at high risk of heart disease and taking a statin to lower bad cholesterol, along with diet, adding trilipix

i was getting out of college, there were a couple companies showed up, kind of namely microsoft, oracle, and intel. don't count innovation out. i just read a story about lasers coming out, seven times the strength, it revolutionizes health care. >> i think everyone does believe in the shining city on the hill, but we've got to get there, man, and if we've got to go through a deep dark valley with some pretty serious legislative initiatives that are kind of ominous and looming right now. >> it's a very big thing to get over. we've got the biggest government ever, and it's getting bigger, and it's getting massive. >> and it has an absolute proven inability to ever shrink. >> the productivity of government is generally less than the private sector. so what are we going to get out of gdp for that? couple that with the fed's balance sheet being as large as it is, and i think there's a lot of problems at the federal level. >> i apologize for my wandering eyes. scott jacobson, jordan kimmel. as we said, almost back to flat. the dow's down, what, 20 points right now. the s&p trying to cut back

. >> now,, obviously, t key companies involved in alall thi cisco, microsoft, oracle, symantntecthth're all s samamblg to keep up withhese t thrts with secururitbecoming now aaeyy marketing differentnttotor competititiococoinues to heat up.. butt's carar that thisis new kind of electrononicararfa is becoming far more common, far morereeffective, andmichelle, therefore fa far more dangerous. ckck tyou. >> thank y you jim. let's get more on ththbubusiss imimct of these attacacks jim w talking about. i'i'm inined by d grey,icice president of tecechnalaltrategy solutionary. and mollyly woodd is executive editor at cnet.com. guys, good tooee you. johnhn, t t start withth ouou. what's'shehe biness impact that we're seeing? is it helplpinyour mpmpan are you gettttinmore buneness and w wtt es it ctt other companies when thingnglilikehis happen? >> there's o obvusly various sisiss impacacts commerce companies aren't t ab to sell. ininfoation providers aren't able to provide iormation. and d yeye i it does helprive buness to our companies, o cucusters. we're lookokin at itrom o o customers' persp

cisco also in acquisition mode, so is oracle and ibm, dell's got to do the same thing. >> let's move on here. but a reminder we'll go deeper into the google earnings as well as ibm earnings later in the program. >>> let's switch gears because another sector on fire was commodity. oil jumping back to 60 bucks a -- 62 bucks a barrel. copper up 4%, one-month highs. metals and mining stocks were among the day's best performance. what do you make of it? >> i heard you talk about it on the "fast money" halftime show. >> when is that on? >> 12:45. >> very good job, boys. >> when you look at china, what is china doing, they want hard assets, physical assets and that's going in the commodities space, i think the best thing about the equities rally, it is not all about energy futures moving higher. this rally really was a broad-based rally. when you look at the commodity space, do you know what, i actually want to own the oihs, i want to own the natural gas, the apaches of the world. i don't want to own oil or natural gas futures, i think that's what you're seeing. >> yes, absolutely. china, r

oracle of omomahtataki the top spot as his bet on amemerin n express paid off.. hobibig?tk rallied 5%, he made e a ol $177 million. good foror youororle. time f forhehe fal trade. tim? >> mvt, best selelleouout ere. improving g operioiomargins. great t stor >> yum. >> put my money y whermymyouth is, childrenen p pla. >> i'm melissa lee.. thanks so mumuchoror wching. see you back here 12:4:45 r r th halftime report and d agaiatat 5:00 p.m. fofor e e bishow. haveve g gre night, everybody. hi, may i help y you? yeah, i'm lookinig r car insurance that isn't goi to break the bank. u're in the right place. only progressive gives you then to name your price. here. a price gun? mm-hmm. so, i tell you at iant to pay. and we build a picicy to fit your budget that's cl.l. uh..... [ gun beeps ] [ laughs ] i feel so empowered. uh..... [ gun beeps ] power to the pple! the option to name your price -- new and only from ogressive. ll or click today.

the oracle of omaha earned a profit of $2 million on his goldman sachs stocks. stock, by the way, closed at $166. not bad, warren. >>> time now for the "final trade." tim? >> we talked about the integr e integrates. they are cheap to the s&p 500, they look good. >> the best production growth, reports next week. >> kroger found a bottom at $21.50. that's what you use as your point of reference. go in and buy kroger. >> the integrated names are reporting next we are, total, i love dp. you got to love the name going forward. >> give me a giddyap. >> giddyap! >> good friday, giddyap. i'm melissa lee, thanks so much for watching us. watch an instant replay at 11:00 p.m. followed by "options action" at 11:30. you'll be in great hands next week. we'll be back live at 5:00 on monday. have a great week, everybody. announcer: some people buy a car based on the deal they get. others buy the car of their dreams. during the lexus golden opportunity sales event, you can do both. it's an opportunity today. it's a lexus forever. special lease offers now available on the 2009 is

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