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this year, outpaceing s&p 50 s&p about 6%.e other hand we look at names like best buy, a real -- i am sorry, bed, bag and beyond, a name did so well in 2013, that is down 28%. coach, staples, down more than 30% each, coach is a big laggard down nearly 40%. consumer stocks did well in 2013. but a real turn around. the market, s&p for example, up about 6% for this year. you know, you -- sometimes you see only moving 20 points or a fraction there are real story stocks on wall street, big movers, we've seen energy and utility soaring, financial have been in red, consumer names are also drags. liz: i know you ask the same question, what is the next utility sector that will do well in second half, we have jeff and david, our stock pictures and market guys they will tell us which sectors they think will be the utility the second half. op-- opt misprime going knockede walls in china, in opening weekend of transformers. aboutbly hour 3 hours of unbelie fighting, i loved it, movie rakeed in 300 million, 1900 millio0019 millionin china.

the s&p briefly turned positive.e watching us markets and we now have the doubt will be higher as well. goldman sachs caught between a rock and a hard place when it comes to job cuts on wall street. our charlie gasparino rushing to the studio now because he doesn't walk a regular pace. he's got exclusive details on goldman, what may be ahead for the wall street powerhouse and who should be worried. plus we were talking about amazon and they want you to believe fire phone is the next big thing in wireless, but 3d? that may already be yesterday compared to hologram technology. we have a man who started a tiny startup in california a couple years ago. he is about ready to blow your mind when it comes to hologram's in his brand-new business. it's a foxbusiness exclusive. ♪ ♪ ♪ ♪ ♪ liz: to cut or not to cut, that's the question goldman sachs' executives are preparing to answer when the firm unveils second quarter earnings next month. right now, today, charlie gasparino's here with exclusive details on which areas should b

this is after the s&p and the dow hit another record. for the s&p, it was the sixth record close in seven sessions. can you believe it? but, at the same time, the volatility or the fear gauge fell below 11 for the first time since 2007. we'll talk about that later in the show. meantime, to european markets we are seeing a slight move to the upside. volumes pretty low today as we see the public holiday across much of europe. the markets are trading but liquidity is fairly thin. the ftse 100 is higher by a quarter percent. the xetra dax is up by .10%, the cac 40 is up by .01% and the ftse mib is up .22%. >>> does the quantity match the quality? despite job growth, the market itself is by no means the same as it was in 2007. >> when you go beyond the number of jobs and start to think about the quality of jobs that really matters, you realize things are not as good as we would like still. in recent related data on productivity growth, relearning for workers, you wonder if this is as good as it gets. >> the composition of the payroll gains wa

if you were looking at the s&p, you could spend $5.50 to buy an at the money call.hat's what you're risk from now until the end of december. i would take this as a phenomenal opportunity if i was going to continue to have any kind of a long position in the market to use that to do it. i have not sold any stocks up until now but i will tell you, i'm not committing any new money. >> what's important, of course, is today's action, these were the best performers on the week, and it just shows how tentative and skeptical people really are. you come up to friday and people say, listen, i got a nice bounce and i'm not going to hang around. big sell-offs in names that were big winners. >> all bounces weren't created equal. for everything that looks fantastic, in high valuation land, there was a couple things like priceline and netflix that blew the doors off. really eye popping things but then there's the sales force.coms, the amazons and a host of other that is really had anemic rallies. to me i think the lack of relative strength, the lack of oomph, is really troubling to

the s&p up 16%. we continue to see this widingening divergence between the dow and the s&p 500.ng focused more on the new and old economy and so that it's been able to get a lift from both while the dow more focused on the old economy. in terms of the s&p 500, it's being led by utility stocks. pepco holdings and exelon among the biggest gainers this year as investors bid up dividend-paying stocks. energy, the s&p energy sector in second place and health care is the third best performing sector in 2014 led by forest labs up about 65%, allergan up 52% and technology catching up as well, the fourth best performing sector in 2014 getting lifts from electronic arts and chip stocks like sandisk, powering the nasdaq to a 14-year high. lastly, the biggest losers on the s&p 500 so far this year, think retail, think consumer, whole foods, staples, and bed, bath & beyond, all reporting disappointing earnings and are trading down double digits so far this year. but again, a notable gain for the s&p 500, 6% so far in 2014. this despite hawkish banter from the fed, of course now focus turns t

>>p> epero en su lugar fue en envciadenv enviado a un albe, enrgue, en o brooklyn, nueva york, dondeas, para el desarrollo de los jÓvenes in inmigrantes, donde leo recibe y ayuda letglgal. >>> salen huyendo del hambre de la violencia, son de china, de h honduras, de guatemala, de santo domingo, son de todo el mundo. >>> funadado hace apenas 1 aÑo, el centro es un rayo de luz para cientos de jÓvenes como lady s e stest stepahhjania, despuÉs de ser i vÍctima de un crimen de odio c racil, lobrggrÓ la visa u. >>> y hasta pedir a su madre y su hermano. >>> fue una gran emociÓn decir que voy a ver a mi familia otra vez, y legalmente, cÓmo es eso, tÚ no lo puedes creer en se momento. >>> su fundadora dice que la c r cdcd crisis en la ffrontera ha aume o aumentado la demanda de ayuda en el paÍs, incluyendo nueva york. >>> mientras que la crisis de n inmigraciÓn que tenemos ahora es un asunto de dderechos civiles q que no podemos ignorar, simple simplemente porque nacieron en o otra prtpr el momento ciearte. >>> por el momento, cientos djns, mdje jÓvenes, muchos menores de edad, abogan por su

en la fgrorontera donde el fin de sem , mas de mil miÑniÑos cruzaro i solitos para hospedar a tantos pue se debe este t r torrente de niÑos . >>> nuestras cÁmaras entrareooa un centro de detenciÓn donde se encunetran muchos de estos niÑos tenemos cobertura de equipo co comenzando con marÍa paula ad a adelante . >>> hola josÉ muy buenas tardes , efectivamente hoy supimos que el deÑppartamento de sewegurid a nacional para lidiar con la s u situaciÓn que consideran critica ademas el centro de detenciÓn en oklaghoma te puedo contar que s desde el viernes hacemos guardia y hemos sido testigos cÓmo ci t cientos de menores de edad se aproximan a este lugar para p a pasar el dia mientras son pro s procesados en inmigrantecioÓn . >>> esta madre esta desesperada hacer mas de una semana no sabe donde estan sus hijos de 7 a 9 aÑos , querian cruzart ilegal t ilegalmente a eestados unidos a ser detenidos en texas se los u quitaron lel viaje fue riesgoso pero se vio obligada . >>> a mandar ellos por que osea quieren adueÑarse si no se sale uno lo matan . >>> en la historia que compa comparten cientos

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the wallack family, the sheryl and philip philistine family, roslyn p. walter. mutual of america, designing customized individual and group retirement products. additional support is provided by -- and by the public broadcasting and from viewers like you. thank you. (man) support for this program is made possible by contributions to your pbs station from viewers like you. thank you! from american university in washington dc, best-selling author and financial expert, suze orman, answers critical questions about your money. tonight is all about you! the goal of money is for you to feel secure. the goal of money is for you to feel powerful. you have problems-- but here's the good news-- i have the solutions. (man) suze provides essential advice in... please welcome suze orman! [drums, guitar, & keyboard play in bright rhythm] ♪ ♪

s&p 500 at 1928. 1924.97 was the all-time closing high there, so we might get a record on the s&p.ant von convite and larry mcdonald. gentlemen, welcome back. where do you stand on equities as opposed to bonds? just made the case on bonds? >> well, the s&p as a whole is extremely overextended, not just the amount of days above the 200-day moving average, upwards of 600 days but just at an overbought level, the s&p is extremely overbought. the other disturbing thing is that credit is starting to underperform so high yield kret credit, for example, started to underperform equities and that's a warning sign so you've seen a pullback in the hyg and some of the jnk, high-yield etfs. i would say that's a cautious warning sign. >> brian, i know you guys are really more stock pickers than anything else, but do you quarrel with larry's characterization of the s&p as highly overvalued or overpriced? >> i hate to say anything is highly over or undervalued. i would say the s&p is more expensive than we're seeing in the small and mid-cap space. the dispersion is well over 800 basis points, a la

the s&p is at all-time highs and we keep grinding higher. so when you look at that chart right there, it shows the inverse relationship between the vix and the s&p. but it doesn't speak to health. it speaks to complacency. that's one of the things that when you talk about how do you use low implied volatility? well, you can put on some protection for things you own, things that pay you a nice dividend, things that are working. why get out of it if everything is working. especially the last thing for those trying to pick a top in what is summer trading right now. you know the old market saying, never try to short a dull market. >> the vix is sort of screaming like kevin bacon at the end of "animal house," all is well. the thing i would say here is when complacency is very high, risk is actually higher than it might otherwise be. think about it this way. if you had a stock with a really high short interest, you often expect that those people who are expressing some skepticism are there to buy the market as it falls. we don't have any of that i

steel out of the s & p 500.n marietta materials will replace the struggling pittsburgh-based steelmaker after the markets close tomorrow. u.s. steel will join the midcap 400. nonetheless, in the green. end of the first half, believe it the three biggest winners so far this year and three big winners in today's trading. that's straight ahead. let's see what's coming up on street signs. >> happy monday to you, sue. energy plays for the second half of the year, private sector fix for theville as this the right medicine? i have got david faber joining me as co-host. going to be talking amazon and whether the government will stand in the way of its innovation. some great stories coming up top of the hour. make sure you join us on "street signs." back to you gays on "power lunch" in the meantime. if you have moderate to severe rheumatoid arthritis, like me, and you're talking to your rheumatologist about a biologic... this is humira. this is humira helping to relieve my pain. this is humira helping me lay the groundwo

the p waves hit los angeles 30 seconds before the s waves and the shaking starts.t's how it successfully predicted recent quakes to hit los angeles, including one that struck in march 2014. in scenes like this playing across tvs and the web, nerves were frayed. ironically the public never got an early warning because california is a prototype. >> we're having an earthquake. >> his reaction went viral. by comparison, in is awe mexican tv covered an earthquake in acapulco on april 14, 2014. [ speaking foreign language ] >> reporter: the anchorman comes on 30 seconds before the quake strikes giving plenty of time to warn of the danger. you see him react when it hits. [ speaking foreign language ] [ siren ] >> reporter: mexico's early warning system has been around since the devastating 1985 quake, killing more than 9,000. japan was moved to action as well, creating their early warning system after the 1995 koby quake killing 5,000. when the massive 0..0 quake hit in 2011, the early morning system was working. watch as the show is interrupted and the warning appears on

the s&p on s&p 2000 watch. let's take a look, the industrials up about 72 points, 16,909. the s&p 1908, again about 0.4. nasdaq at 4316, up 20. russell up 11. it's the biggest gainer in percentage terms on the day, and the ten-year note yield sits at 2.58%. wall street's so-called fear index, the vix now at a one-year low. so let's get to trading action, such as there is much trading action, bob pisani, there hasn't been much in recent days. >> there hasn't been a lot of volume. that was the subject of the recent conference on exchanges that we had with sandra o'neil just a few days ago. it's not a roaring recovery, tyler, i want to put up the s&p futures. this morning when we got the jobs report, basically in line, there you see 830, that's when the market moved to the up side. it does respond on the up side to the jobs report. maybe 3%, that seems to be good enough for the market. even though we have anxiety, stock's up, bonds up right now. tyler is right s volatility has virtually collapsed at this point. we're at 18-month lows essentially. look at this longer term. thi

and- p-i-x 5's len ramirez says n jose was one of the cities targeted. [nats] on the streets of san jose.where suspected prostis work. [sot super:albert >> these are not far away kids in far away lands. these are our kids on our street corners, our truck stops, our motels, our casinos. these are america's children. >>> the fbi cracked down on child sex traffickerses nationwide. agents rescued 168 kids. several of them right here in the bay area. i am veronica de la cruz. welcome back. >> i am ken bastida. a nationwide crack down on child sex traffickers has resulted in nearly 300 arrests and nearly 200 kids being rescued. operation cross country took place this past week. kpix 5's len ramirez says san jose was one of the cities targeted. >> on the streets of san jose where suspected prostitutes work. >> we were getting a lot of girls walking up and down the street. >> two san jose police officers approach a teenager wearing a short skirt on a corner, but they're not going to bust her. they just want to make sure she's not part of a human trafficking prob

now you look at the s&p. it's up 60 points. and look at the s&p now at 1940 and everybody wanted to get away from it. we had a great opportunity with david tepper. he never talked about anything other than the markets seemed to be trading nervous. he took a leveraged position off and still heavily invested into the market. >> he was still long. >> i'm saying he was negative on the market. he was never a bear of the market. he said he's still in the market but taking the leverage off. it's a smart traders trade. right now with the -- the volatility is telling me i could protect and continue to roll and stay into stocks. great example. canadian pacific. been able to stay in for $30 or $40. great opportunities. grindi grinding, yes. the opportunities are awesome. >> we get the all clear signal. what did you put on today? i bought german stocks. i actually did somewhat of a paris trade if you will. i think the signal from the ecb is financial assets are going to do well but also a signal that the global economy isn't as strong as e

this day goes down into the record books as we see the s&p s&p 500 up 3 quarters of 1% sitting at these record all-time highs assuming we close around these levels, this will be the 20th record of the year 2014. as we eagerly awaited to hear from the fed janet yellen this afternoon triggers on wall street got so much of what the anticipated and they got it handed to them on a silver platter. we have a highly accommodative fed with the monetary policy but they have taken the chart. when in fact they will raise those interest rates, until 2015, they are certainly betting on that. such a disconnect as you know, the market hitting record highs, yet you still have issues with labor, the housing recovery is not that strong, and the gdp also tapered that, they pulled that back. liz: slightly rising inflation, but either way, the data overall with a trend improving and that is what they are seizing on knowing the fed will not too much. thank you. the closing bell 14 and half minutes away. in just may alone, 101 merger and acquisition deals valued at more than a billion dollars. one single month

s&p close to an all-time high but down less than a point right now.e able to pull that one off. >> you going to go make some trades? >> no, but maybe somebody out there will take the hint. >> and maybe gm and ford will help do it, outperforming the s&p 500 today. amazing car sales figures out, not even gm's recall crisis could slow down sales last month. >> steve liesman and phil lebeau to tell us what it says about the healthier economy. phil, start with you. break it down fours. the best month of may in terms of sales in seven years. are we talking trucks, family sedans, what are we talking here? >> really across the board, bill, but really the strength when you look down with which vehicles is selling on the truck side. suvs are red hot right now, so are pickup trucks. those two markets continue to drive most of the sales gains, and those are the most profitable vehicles for the industry. look at the far right of this chart. this shows you how far we've come since 2009 when sales bottomed out at just over 10 million. sales pace for may at 16.77 mil

thank you, david p .ll come right back with the closing countdown. >> and after the bell stick around. it's coming right up. our special father's day edition of the show. i see them right here, leon cooperman, bill miller, and their sons with me for the whole hour. you're watching cnbc, first in business worldwide. she's still the one for you. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or visi

another record for the s&p 500 is in sight, and both the s&p and the dow are targeting their fourth weeklyn just five weeks. dow jones industrials came within just 22 points of 17,000 today, hitting a new intraday record of 16,978. for the s&p's part, it is also hitting a new intraday all-time high, but also a new record high if it closes anywhere up one point, right? 1963.91. the the biggest percentage winner on the s&p 500, put up the stock, it is carmax, up $7.23. the used car retailer blowing away earnings estimates, posting a profit that surged 16% over last year. carmax says it's on pace to open as many as 43 new stores over the next few years, and make no mistake, that's also a play for the automakers too. its competitor, auto nation, rising. and anybody who deals with cars. look at auto nation, it's up about 4% after goldman sachs upgraded that stock from a neutral to a buy. and while we're at it, look at penske automotive, up 2.5%. on the other end of the retail spectrum, look at radioshack's price on your screen. it is now below $1 a share, just 93 cents and losing steam to the t

a point or so added to the s&p 500.is sitting at that 1550 mark, scott, and the nasdaq adding 12. >> up next, two of wall street's top pros weigh in on the markets and the economy so where do they see the fed raising interest rates or when? >> and later video came ea's ceo is speaking to me live from the e3 conference in los angeles. pretty busy day for the company unveiling half a dozen new games while settling a high-profile lawsuit with the ncaa. what he says, of course could, move ea stock so don't miss it. we'll be right back. spokesperson: the volkswagen passat is heads above the competition, but we're not in the business of naming names. the fact is, it comes standard with an engine that's been called the benchmark of its class. really, guys, i thought... it also has more rear legroom than other midsize sedans. and the volkswagen passat has a lower starting price than... much better. vo: hurry in and get 0% apr for 60 months on 2014 passat gasoline models plus a $1000 contract bonus. they're the days to take care

the s&p 500 slightly positive and the nasdaq is off by 13, and, bill, i believe, s&p and the dow were still on a new record high watch. >> you see the stutter step on the open for all three of the major averages. how much was this bizarre revision we kept getting on a manufacturing report from the government this morning. they had revised it twice. >> twice. >> they got it wrong the first time, got it wrong the second time and finally got it right on the third calculation. >> and this after wall street economists looking through the data said basically, guys, this doesn't add up. >> crazy, crazy, crazy. >> let's talk about our day on wall street and "closing bell" exchange. danny hughes from divine capital. jeff cox from cnbc.com and joe and andrew aarons and, of course, our our own rick santelli as well. danny, moving into the month of june. they didn't sell in may and go away but will they change their tune in the month of june, as we were saying on friday? >> that was nice, bill. >> actually if you didn't sell in may you were objection but this morning it was a little tricky, like

lately it's been the s&p. today it looks like the dow is going to join it, it is up 95 points at the moment. 1,6 1,682, a new high. the nasdaq also having a reasonably strong day. adding 43 points or 1%. finally the s&p 500 already been setting a string of record highs. looks like it could do it again today adding almost 12, 1,939 is the level there. >> joining our "closing bell" exchange today, rich peterson, jeff layman, dick burress, steve leisman and rick santelli as well. dick, i'll go to you first. why couldn't draghi do what tepper did? what happened? >> was that question for me? >> yes, it was. >> well, i think what he's doing is not enough, frankly. but i do think that the central banks around the world are setting things up for an epic battle between interest rates and corporate earnings around the world. i think ultimately corporate earnings will win that battle. bonds will go down. stocks may have a correction as interest rates start to rise. but ultimately corporate earnings will surprise the up s

the dow and s&p are those reaching more miles down. you have 2000 for the s&p. has been talking to investors. traders tend to care about the numbers. for big investors, do they mean any and? mean something in that they have a big and momentous implication. in other words, there is a psychological effect. my colleague in bloomberg news, michael reagan, talked to a number of invest his compared it to turning 40, 50, 6 c, but it has a psychological importance of reaching big round numbers. you look at how much the s&p and the dow climbed from their lows, you can see how him orton it is to get to -- that close to the milestones. 190%.p 500 is up the dow is up about 100 and 39% kerry for the dow, the amount of time between the big triple between 50,000, 60,000, and 70,000, they have in compressed to sonics and. in some cases, it goes up and then below the milestone again. >> what is interesting is we take a look back and the s&p had a hard time going to the 1000 level there and i wonder if we will see that resistance this time? >> we could. a pullback in the next few

one that mimics the s&p 500.vehicle that will let you participate in the strength of the market without spending the time picking individual stocks. this may sound like a really simple solution. but don't overthink it. the whole point of putting your money in the fund is to save you from time and effort to manage your own portfolio stocks. that's why i think it's insane when people own multiple mutual funds. i know there are a lot of sector based mutual funds out there. but no reason for home gamers like you to have any exposure to them at all. if you're going to take the time to try individual sectors that time is much better spent by the individual stocks. as for etfs, the vehicles are for trading not investing. many rebalance every day. that can take a real toll on any long term performance. there are some exceptions out there. i like the etf, a simple way of playing gold. but in general, if you're not a pro, and you're not managing a portfolio of individual stocks, then you probably shouldn't be fooling aroun

saw another record high for the s&p 500. we're taking the queues from those global markets as we are comfortably higher. still roughly 00 points away from that record high we saw. keep in mind, we get retail sales later today. and the cac 40 is up by 0.8%. so fairley good gains that we're seeing across the european markets. let's have a look at some of the top spots. rolls-royce outperforming today up by 5.7% after the company lost a 11 billion pound share buyback. the enginemaker says as of now, no material acquisitions are planned, but the company confirmed it was on track to meet its guidance for this year. meanwhile, man group is flying high on the london stock exchange, up by 5%. the.company acquired numera holdings for $219 million. the acquisition helped with the u.s. and computer driven markets. moving on to the bond market, we're seeing bond prices higher and yields ticking lower on the back of dovish fed statements. ten-year bund yields are at 21.34%. on the back of the boe statement yesterday, gilt below that 2.7%

>> you may. >> what is the point of having the parent p-a-c? is this a political entity that has a clear political agenda? i'm trying to understand what this has to do with what we're talking about here. i think that this is an organization that doesn't necessarily represent a lot of the families that we're talking about. it is actually especially the families that we're talking about. so, i'm just trying to understand what the relevance of this presentation is. >> so, my response is that this is supervisor farrell's hearing and he has set up the speakers for this and i am just respecting the list that he provided for me. >> i just, i just think that the kids and the families that are in the highest need when it come to afterschool programs are not really represented by this organization. so, i'm just trying to understand why they're here. >> sure. >> i mean, this is a political entity. it's a political action committee that has a clear specific political agenda. i think the point of a hearing should be to discuss, you know, how we address the

we look at the dow, the s&p 500 and the nasdaq. they are not created equal, and it's important to understand the differences when prosperity is on the line. billions of dollars in retirement are tied to the indicis, and there's differences in how each is calculated. we brought in financial advise job, doug flynn, from flynzeto financial capital. i asked him to explain that. >> there's different ways to make up an index of the the s&p is the 500 largest companies, weighted towards the size of the companies. >> a bigger company has more influence, apple. >> yes, exxon, and those. the top 10 holdings in the s and p are about 18% of every dollar is in the top 10. it's made up of market capitalisation. >> if apple has a bad day, it could affect your investments, if you are well diversified even if not directly invested in apple. >> that's right. the dow, an old indizzy is price weighted. it means stock with higher price is weighted more heavily in there. all of this is a proxy for what the market is doing. unless you are in the 500 or 3

the s&p 500 is almost flat.ruelde up almost half a percent. three big losers here, with vertex leading the way down. ty, up to you. >>> that will do it for this edition of "power lunch" for a monday. thanks so much for watching. >> see you tomorrow. "street signs" begins right now. >>> iraq flares up are world energy markets about to become unhinged? our first guest says, yeah, they might be. >>> plus the statistic about health care in america that may make you feel ill. >>> and the real estate related stock you probably never heard of that one big bank says has big-time up side. >>> the s&p you can see here is pretty much flatlining. what it's actually doing is trying to avoid a fourth loss in five sessions.

s&p up 8.5. stay tuned. uber valuation that company was assigned today on the second hour of "closing bell" with kelly evans. have a good weekend, kell >> thank you bill. hi, everybody, and welcome to the second hour of "closing bell." i'm kelly evans. you know from that graphic it's another historic friday here. stocks are closing out the week with new highs for the dow jones industrial average and the s&p 500. here in fact is exactly where we're finishing the gains of about half a percent and nasdaq fighting back into leadership territory. now when it has its fourth straight weekly rise adds about 25 points this session and the focal point, the dow and s&p 500, 16,922 for the blue chips and the s&p to 1949 as we close out this week. those now posting their third consecutive weekly gains. let's get right to it. joining me is david sauerby and zachary ary karabell and robert frank and john seymour. have all the bears exit late or what happens next? >> one thing you need to follow, relative value out there re

we'll have it for you after p ,d i sa ♪ p ,d i sa ♪ tard l p you ju name? .ting a game changing invention or any invention. it's not easy. it took james dyson 5,000 protoe types. >> why not start at a young age. that's what dyson is hoping future inventors do. >> they have started a program design, test, build. it's offered free of charge in an attempt to get students thinking and creating. >> reporter: inside the chicago public school classroom, possibility is only limited by the imagination. future engineers, mathematicians, scientists and leaders working together. the sixth graders at this school are part of the james dyson foundation design, build, text program. what is the take away? a project that provides thousands of young minds around the country with materials and supplies to solve problems in their lives. the most innovative designs -- presented at the convention fair. rob green is a dyson senior design engineer who works with students to prototype their ideas. why invest so much in this project? >> kids get that application of what they are learni

jim glickenhaus custom designed the car using the ferrari p 3/4 series as inspiration.wo years later, he built this second version just for competitive reasons. >> ferraris to me were always the most beautiful, fastest cars. >> love it! >> you are getting a lot of looks from this car. >> i am sure there are at least four shots of us on the internet already. >> today we are driving the original custom ferrari, which is still blindingly fast. it accelerates from 0-60 in just three seconds and can reach top speeds of 233 miles an hour. to get one of these out on the highway, and you get a really slow driver in front of you, does it drive you crazy? what is it like driving such an amazing car on such pedestrian, regular roads? >> there are places that you could use them. in italy there is such a love of these cars. shall we say, they are a little more "tolerant" of you exercising the cars perhaps in the manner they were once driven. >> do you like to drive? >> it is just an experience for me, especially with my work, where i can be in sort of a different zone and not starin

the s&p and the dow on track for yet new record highs. s&p that would be eight records in ten sessions. earlier dow jones industrials hit an everest, as i'm calling it, a mountaintop of the top, the very top. dow jones industrials needs to close at 16,836 or higher, we are well above that right now. let's talk about what's leading stocks higher. for the s&p 500, believe it or not, 57 companies or 11% of the entire index hitting all-time highs. among them kraft foods, ameriprise, ryder systems, and we've got american express, axp, jumping two full percentage points. shares of one company speeding the other way. hertz is down after it reported errors in recent financial reports, hertz saying it'll have to restate numbers from the last three years. that's never good under these circumstances, it's bad, down nearly 9% for hertz right now, getting clipped by $2.69, having trouble recovering any of what it has lost. and moments ago i sat down with ford's outgoing ceo alan mulally. known, perhaps, as the greatest turn around ceo of our generatio

down 20 in the dow, the s&p also relatively down. >>> ralph acampora's call to the s&p dropping 10% byoctober, find out if he's still bearish, coming up. >>> also, ceo on biotech getting approval for ant boltics for skin infections like mrsa, that and more coming up. when you run a business, you can't settle for slow. that's why i always choose the fastest intern. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. >>> welcome back. fractional minuses today in the equity market. bond frises have been lower, so yields have moved back up a bit. the vix is back above 11, not that that's significant, but it is a little higher today. so, kind of a meandering day here as we begin the first trading day of the summer here, kelly. >>> and mary thompson covering some of those meanderers for us. mary? >> more than meanderers, kelly. let'

it is well, the s&p is at all time highs, here, we keep grinding higher. so when you look at that cart right there, it shows the inverse relationship between the vix and s&p but it doesn't speak to health, it speaks to complacency. that's one of the things when you talk about how do you use low implied volatility? you can put on protection. things with a nice dividend, things that are working, especially the last thing for those trying to peck a top in what is summer trading right now. you know the old mark saying, never try to short a dull market. >> so the vix is sort of screaming like kevin bacon at the end of the "animal house." all is well. the thing i would say when complacency is high, risk is higher than it it would be, if you have a high stock with a short interest, you often expect those people expressing skepticism are there to find the market at fault. right now with the options markets are saying is it can only go in one direction. that's up. >> the vix is not telling us anything we don't know from the market, itself. trading has been futile a

david: sounds wild in the s&p futures pits. gm may have ignored early warnings of the ignition problem that resulted in at least 13 deaths, could this mean there was an institutional cover-up? the man who started the movement for across-the-board car safety regulation thinks so, consumer advocate ralph nader is going to be here in just a moment. liz: can't wait to hear what he says. the fed sharply downgrading and giving no new information on the time line for rate hikes. what got investors so exciteed? what are they seeing out there? we talked to a former fed official and the "wall street journal"'s fed insider. david: they know what's going on. looking to ring up new business, launching its own smartphone, is it a smart move to enter this crowded market or amazon setting itself up for failure? we're going to debate that. got people on both sides of the issue. liz: tell us what you think, we've shown it to you, giving you the details. can the amazon fire phone succeed? would you buy one? would you switch? tweet us, we'd love t

they're also know as e & p or exploration and production companies.companies are up a hefty 16% with that fancy might be so far in 2014. they're being driven by gains in companies like new field exploration, for one, which focuses a lock in the mid continent and rocky mountains. then there's a company like eog resources, with operations all over north america. most assets are right here in the u.s. that stock is up about 31% so far year to date. you can see it, a very nice move. how about a bigger name like anadarko petroleum, extensive operations. these are exploration and production companies. now, if you want to take a more diversified approach, of course there's an etf for that. that is the xop, the ticker, the oil and gas exploration and production spdr, the etf, the exchange-traded fund that tracks them. you can see that fund in particular is up about 15% so far this year. all three of the stocks we just membersed are part of this particular etf, as well as a host of others. it's just one more way to play that industry from a more specialized pe

cada vez mÁs indocumentados p d pueden salir a la calle sin t o temor de ser deportados.y alarma en los restaurantes que nos afecta a todos. la ediciÓn martes comienza ya, ahora mismo. >> este es noticiero telemundo con josÉ diaz ballart y marÍa celeste. >> gbuenas tardes, en phoenix i arizona, en estos momentos fa l familia y amigos de tito torb l torbellino le dan el ultÚltim o adiÓs. >> al cantante lo mataron a b a balazos en un restaurante de c m comida china. jorge esta en frente al teatro con los servicios funebres. >> asÍ es, mÁs de 2500 personas llegaron al celebrity center en arizona. todas estas personas pagaron 5 d dolÓlares para ser participes i visten el color blanco. las personas que cooperaron con esa cantidfad, la familia dice que se darÁ al hospital st. jude . vemos el feretro con los restos del gran cantante. hay dos acordiones, el favorito del artista. en la tarde hablamos con pers a personas que esperaron por horas para ser parte de la despedida d de tito torbellino. >> era muy fanatiÁtica de Él. >> yo vine temprano como a las 1 de la tarde parta esta

p-g-and -e is bracing more new federal charges. in connection with the deadly 20-10 san bruno explosion. today, p-g-and -e announced. that the u-s- attorney's office intends to file. what is called. a superseding indictment. the new indictment would nullify the previous one issued. possibly because *new charges are coming. in april, p- g- and -e was charged with 12- federal felony violations of safety laws, which could carry fines of 6 - million dollars or more. the company has pleaded not guilty. eight people were killed and more than 30 homes destroyed in the explosion and fire. bay area walmart workers were rallying for higher wages in union city. it is part of a national day of action targeting the retailer. protestors say. it is difficult to care for a family on a wal- mart salary. and that walmart is forcing them to live in poverty and work two to three jobs. i rely on law lot of people like my girlfriend. i live with my sister. i take home about 12 $12,000 and year, or a thousand dollars a month. if i lived by myself i could

jimmy p., are you in pro camp or the con camp? >> i am pro-doing something about infrastructure, also pro doing something about taxes, but this is trying to get an action in the worst way, and both those things together aren't very good ideas >> why in the worst way? >> it would be much better to lower corporate taxes, and i think if you want to do something about infrastructure, i know folks over there do, a much better way with just to leave the gas tax as it is, defeat all that highway funding to repairing existing highways, and then creating a new funding source through some sort of infrastructure bank for new highway construction, a far better solution, doesn't raise taxes, fixes the problem. i think it will be a great compromise. >> you know, jared, you and i will agree on this, my friend. here's the thing -- the house is on fire. the house is infrastructure. we have both arguing we should put it out with a hose or bucket, all while the house burns down. at least somebody's talking, right? >> right. i think that's very much

the s&p is higher as well, as is the nasdaq, up about 41 points on the trading day. s&p is up .3%. the yield on the ten-year is 2.577%. and look at the euro versus the dollar right now. and that is going to be a very interesting trade. rick santelli's going to cover that trade for us as well. cnbc market analyst kenny polcari joins us. i want to turn first to what's happening at the s.e.c. >> yeah. >> mary jo white finally taking up the issue. what do you think? >> i think it's great. i think it's about time that somebody is going to take up that issue because listen, we've been talking about it for a long time. there have people that have been very concerned about it. the flash boys only brings it to the surface. he's not the only person in the country that knew or thought or was frustrated with current market structure. so if that brought it to the surface, i think that's great. a lot of people think that's great. >> register and open their being boos. we'll see. to the market, the ecb did deliver. mr. draghi delivered nicely for the market. why should it matter u.s. investors? >

number to watch on the s&p 500 for the new record. okay?ntly you can see the index straddling that line. in a market like this with the volume is thin, to get a full picture of the stories and paid in market, you have to pay attention to the stories on the third and fourth pages. what is the most important story to look for? joining me now is the a4 mentioned david rosenberg, chief economist. are you telling us how to read the newspaper now? >> i become an expert on how to flip through the sports section and arts and leisure. liz: what newspapers do you read to get a sense of what you are learning about the economy? >> i start out with the "usa today" so i can read the sports section first, but investors business daily a "new york times" "wall street journal" financial times, go through the services on the old bloomberg terminal. it gives you a good start. the number for manufacturing, does that shake your conviction at all? an overall picture that you are looking for, and what do you see for the u.s. economy? >> you are going to look at th

i sold my s&p futures, a long s&p futures. i sold those at the end of the day, too. >> we were all complacent. vince, seven-year lows, what not. you take a look at the surge in the final ten hours of trading or so up 10.5%. >> people are looking for options, people don't want to own long-term premiums. until they see fear in the market. when you see 10% rally in the vix, it looks like a big incident. listen, let's go to the bonds, it may be one of the safe haven assets, to your point, it was up 1%. we had god. that didn't do a little bit. riskoff, it felt like that was the story in the afternoon. as we head into this hollywood week. you won't see 1860 any time soon, or 1,900 seems like a place where people are headed to a holiday wrooek week where things gets complacent. if anything, if it's going to happen, it would be logical to happen not friday of this week. >> europe had a pretty bad day today. they had a bad day yesterday. bad economic news today, last i checked they don't celebrate until july 4th. >> there you go. >> lo