all that plus cnbc's real time quotes. >>> this friday, you don't have to wait until midnight for the madness to start. catch cramer at 11:00 every night of the week. take your double dose of mad money weeknights at 6:00 and 11:00 eastern on cnbc. when i was told i had diabetes, i felt amazingly boxed in. (announcer) joe uses the contour meter from bayer. (joe) my meter absolutely adapts to me and my lifestyle. i'm joe james, and being outside of the box is my simple win. >>> tough market to kill. reminds me of one of my favorite movies. i like to say there's a bull market somewhere. i'm jim cramer. see you tomorrow. >>> you need someone who has the market intuition to be your guy, however the market moves. let jim cramer be your man on the street. . announcer: what's your cialis moment? when she gives me that look. when at last we're alone. when we both decide. announcer: today, guys with erectile dysfunction can be ready with another dosing option from cialis. cialis for daily use is a clinically proven low-dose tablet you take every day, so you can be ready anytime the moment is ri

all that, plus cnbc's free real-time quotes. go to mm.cnbc.com. >>> miss out on some "mad money"?et your "mad money" text alert today. text mm to 26221 to get cramer right on your phone. for more info, visit madmoney.cnbc.com, or give us a call at 1-800-743-cnbc. >>> when i decide to put together a show entirely about how to handle a really terrible, awful, no-good, very bad day in the market, my selloff playbook, everyone i talked about thought the show was a great idea. when the market's down a lot, a lot of investors freak out. they panic. >> no, no, ahh! >> they want to panic. many don't know what's gone wrong. few can easily handle the trauma -- >> house of pleasure. >> -- of the -- >> the house of pain. >> they don't know that the house of pleasure may be beckoned. >> the house of pain! >> almost everyone wants expert advice to help them figure out what they should be doing. of course, they are just being scared. tonight i'm introducing you to my rally playbook. >> the house of pain! >> switching them around. what you should do if the market's up big. >> moo! >> no one said

all that, plus cnbc's free real-time quotes. go to mm.cnbc.com. >>> miss out on some "mad money"?et your "mad money" text alert today. text mm to 26221 to get cramer right on your phone. for more info, visit madmoney.cnbc.com, or give us a call at 1-800-743-cnbc. ♪ yes, you're lovely... ♪ what do you think? hey, why don't we use our points from chase sapphire and take a break? we can't. sure, we can. the points don't expire... ♪ there is nothing for me... ♪ there's no travel restrictions... we could leave tomorrow. we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. introducing the all new chevy equinox. with an epa estimated 32 miles per gallon. and up to 600 miles between fill ups. it's the most fuel efficient crossover on the highway. better than honda cr-v, toyota rav4 and even the ford escape hybrid. the all new chevy equinox. >>> when i decide to put together a show entirely about how to handle a really terrible, awful, no-good, ver

all that, plus cnbc's free real-time quotes. go to mm.cnbc.com. >>> miss out on some "mad money"?et your "mad money" text alert today. text mm to 26221 to get cramer right on your phone. for more info, visit madmoney.cnbc.com, or give us a call at 1-800-743-cnbc. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 es 350. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network. only from at&t. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 is 250. >>> when i decide to put tog

plus, first on cnbc interview we're going to talk live to the ce okay of humana. will president obama raise taxes on the middle class? it's something that tim geithner, larry summers are not ruling out. is this the way to go? plus, i'll be talking live p with an nyse trader about just exactly what this summer rally here up 101 is all about. it's all coming up at the top of the hour. but first, mark and erin with r are back. mr. evans? this is janice from onstar. i have received an automatic signal you've been in a front-end crash. do you need help? yeah. i'll contact emergency services and stay with you. you okay? yeah. onstar. standard for one year on 14 chevy models. has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> we

we will check in with cnbc on mourn trading so far. >>> plus a sor foot >>> well, after yesterday's big reround, stocks began the day lower today. let's check in with courtney reagan. good morning, courtney. >> stocks are still lower, and the dow is down only about 16 or 17 points or so. that's a modest rebound after what we saw on wall street yesterday. and we are not having any major economic data points or earnings points. it's china is the reason for the fall. the sha the shang high market dropped. oil prices reversed course and are now headed higher with weekly inventory data showing a drop of 8.4 million barrels in supply. analysts were expecting an increase. the national association of realtors say the market fell to the lowest level in 1 years during the second quarter. investigators believe bernard madoff promised returns of 53% of year. that's led to speculation, some of his customers were aware of the fraud. and information from the special client group came from the chief financial officer that pleaded guilty last week to helping his boss create phoney trading records. >>> s

plus, the governor nater's garage sale. you're watching cnbc, first in business worldwide.aking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. was it really for fun, or to save money on heat? why? don't you think nordic tuesday is fun? oh no, it's fun... you know, if you are trying to cut costs, fedex can help. we've got express options, fast ground and freight service-- you can save money and keep the heat on. great idea. that is a great idea. well, if nordic tuesday wasn't so much fun. (announcer) we understand. you need to save money. fedex >>> someone is drinking the beer. a first strong half of the year for hein ken, reporting better than expected operating profits of 13% boosted by price spikes and cost savings. and sears will do more cost cutting and price hiking going forward. the stock up 29% year-to-date, right now at 21.27, up by a really nice 7.5%. >> price hikes, very interesting. all right. a day before the grand opening of its newest store in manhattan, the whole foods controversy is getting

plus the clock is ticking. call cramer at 1-800-743-cnbc to find out how to fire away at cramer on "the lightning round." can he withstand your thunderous onslaught of stocks? >>> and later cramer puts the stocks against the fundamentals on an all-new off the charts. all coming up on "mad money." ws to stay on top of my game after 50, i switched to a complete multivitamin with more. only one a day men's 50+ advantage... has gingko for memory and concentration. plus support for heart health. that's a great call. one a day men's. are working from the road using a mifi-- a mobile hotspot that provides up to five shared wi-fi connections. two are downloading the final final revised final presentation. - one just got an email. - woman: what?! hmph. it's being revised again. the copilot is on mapquest. and tom is streaming meeting psych-up music - from meltedmetal.com. - ( heavy metal music playing ) that's happening now with the new mifi from sprint-- the mobile hotspot that fits in your pocket. sprint. the now network. deaf, hard-of-hearing, and people with speech disabilities access www.sprintrelay.com. >>

plus, priceline.com without with strong earnings. what is this saying here about the company's future? we're going to talk with a first on cnbc interview and how his company managed to beat the recession. we have all that. plus, the latest market news and reaction as the consumers get, going to derail a stock rally?y? we'll debate it for you. it's all coming up on "the call" at the top of the hour. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at all kinds of stocks before i settle on one. tdd#: 1-800-345-2550 if i think i'm onto something i'll check it out, tdd#: 1-800-345-2550 you know, see what other traders are up to. tdd#: 1-800-345-2550 when everything feels right though, tdd#: 1-800-345-2550 that's when i get serious. tdd#: 1-800-345-2550 and the minute i get into something, tdd#: 1-800-345-2550 i already know when i want to get out. tdd#: 1-800-345-2550 of course, every now

we'll be back for today's call, plus aig and citi. >> the stocks to watch for your afternoon trade. you're watching cnbc. first in business worldwide. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 is 250. whento compliment theirflac benefits package aflac! it made a big splash with the employees yeaaaahhhh! find out more at aflac!... ...forbusiness.com (laughter) why is dick butkus here? i hired him to speak. a lot of fortune 500 companies use him. but-- i'm your only employee. we're gonna start using fedex to ship globally-- that means billions of potential customers. we're gonna be huge. good morning! you know business is a lot like football... i just don't understand... i'm sorry dick butkus. (announcer) we understand. you want to grow internationally. fedex express i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. anything before takeoff mr. k

we'll check in with cnbc on what we can expect to see later today. >>> plus, a mission to taste as many foods on a stick as one woman can. hmm. stay en >>> if you've been waiting to take advantage of jetblue's all you can jet promotn, you might have waited too long. the airline has suspended sales of its unlimited flight path because of such great demand. the deal allowed travelers to take as many jetblue flights as they could between september 8th and october 8th for just $599. jetblue says it couldn't keep selling the passes because it was afraid it would be too hard for passengers to get seats on their desired flights. >>> well, the stock market is on track to post a third straight day of gains. >> that's good news. let's check in with cnbc's courtney reagan. she joins us live with more on that and the rest of the day's business headlines. hey, courtney. >> hi, courtney. >> good morning to you both, joe and barbara. as you mentioned, stocks are higher. the dow is up better than 28 points. but it hasn't been the case all morning. we started out a bit below that unchanged line. now we

. >>> plus, could tech be your best safe haven play? the first cnbc interview with the ceo of king pharmaceuticals. here is what else is coming up. >>> be fearful while others are greedy and greedy while others are fearful. which stocks is the "fast money" picking up as others run from the street? >>> and -- >> that was the right thing to do. >> no, it wasn't the right thing to do. >> this guy is no working wall street stiff. peter schiff on the coming correction. >>> plus avoiding the selloff? there's an app for that. can apple innovations help you beat the indices? one of the best tech investors on the street give you the trade when america's post market show continues. against acid attack. only crest pro-health toothpastes protect all these areas dentists check most. new crest pro-health enamel shield. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the n

cnbc interview to discuss. >> looking forward to it. of plus, google marks its five-year anniversary of the publicly traded company. how the search giant has grown so fast and furiously. and is it still a good buy? find out, coming up on "the call." when people say, hey mike, why ford, why now? i say brace yourself. that gas guzzler in your driveway, just might be, a clunker. but don't panic, it could be a good thing. your ford and lincoln mercury dealers are cash for clunkers specialists. they'll recycle your ride, and get you a big fat juicy rebate from uncle sam. you can get all the details, charts, graphs, etc, at ford.com. why ford, why now? why not? visit your ford or lincoln mercury dealer. i'm thinking now would be a great time. >>> welcome back to "the call," i'm hampton pearson live in washington, with hhs and homeland security have just wrapped up a briefing, telling businesses and employers to start planning now for an active flu season. when it comes to swine flu, no predictability as to in and out breaks, but that employers and bu

plus side. let's go down to the new york stock exchange. a cnbcyst joins us to weigh in on the markets as well. >> good to see you. >> off of the highs, but given the fact that we have a lot of paper to go this week, not too bad. >> looking at the numbers, i was thinking the would have done better. i will put a wet blanket on it. >> the confidence is what you like and that number skyrocketed. >> they got bernanke as well. >> i will reserve that one. the global community, they are not saying yes or no, but i don't think it's that much of a surprise. number two, i don't think it's upsetting anybody. if you look at it that way, that's a positive. >> you see the dita coming out and people reacted dramatically and we lost a lot of that. do you get nervous even though we have good numbers? >> not really. we have gone so far since march. the bears say it's over. they have been wrong every single time and i that are wrong again. there plenty rooms for this market to run. >> the stocks and yields and oil is going down. anything going up? >> tech stocks and

cnbc. we'll be heading out to india to see how china is faring. plus a check on the latest currency markets. back after this break. $$$$$ >>> welcome back to the show. we are going to take a check on the currency markets before we get to our guests here. we'll get analysis on these figures. let's take a check on the dollar-yen. a bit of yen strength coming through today. the euro, dollar, 1.41. significant pressure on sterling. dropping by 1.1% against the dollar. we're joined by the director of fx institutional sales at deutsche bank. thanks for coming on today. why don't we start by talking sterling and the pressure ta we're seeing there. a few important things come up this week. bank of england minutes, retail sales inflation data. why the pressure today on sterling? >> well, i think the market is still a bit reacting on the latest financial announcements in terms of further quantitive easing and today it seems we have a perfect fit for the odd correlation pattern. apparently the michigan index from last week echoed into the new week. we have l

announcer: trade commission free for 30 days plus get $100 cash when you open an account. >>> you're watching cnbc's"squawk on the street." we are live here at the financial capital of the universe, new york stokes. opening bell going to ring in -- carry the two -- ten seconds. all right. futures pointing to a higher open. mixed economic data this morning. but the optimists are in charge. here at the big board, restaurant chain, steak and shake company. ooh, suddenly, i'm hungry. ticker sns. and at the nasdaq, beer company carlsberg. now i am definitely hungry. >> later on the program, everyone will get to see what mark brought to the stokes today. is something you don't want to miss. there's a little party going on. we will show you what they are eating and drinking. let's get to our market reporters. futures have pulled back a bit on the retail sales. up about 15. bob pisani, i know you have a lot to talk about. one thing that stuck out, department store sales were down 1.6%, biggest decline since december. that sort of stuck out as well, it didn't fit with the more optimistic news this week. >> i

plus, rick santelli finding the fast money is fast fun 5 eastern tomorrow on cnbc. >> a sermon of liesher who's not interested in your salvation. >> i've seen more money stolen in the name of god than any other way. that's why i use covergirl's simply ageless makeup with olay regenerist serum. a department store brand can glob up in lines and actually make you look older. simply ageless makes you look amazing. from olay and easy, breezy, beautiful covergirl. i switched to a complete multivitamin with more. only one a day men's 50+ advantage... has gingko for memory and concentration. plus support for heart health. that's a great call. one a day men's.

coming up on a special sports edition of "fast money," a "first on cnbc" italian view with the ceo of aforementioned dick's sporting goods. plusend john madden joins the "fast money" five to talk video games, michael vick, and of course football. melissa and the traders live at 5:00 as always. >> meanwhile, 20 minutes before the close right now. we've got the dow jones industrial average holding on to a move on the up side. up 77 points on the dow. financials and techs leading the way once again. >> never to be deniedish the volatility index, vix, the other vick, up 15% on monday to a one-month high although it's come down a little bit since then. what is the vix saying about where the options market is heading right now ahead of tomorrow's expiration? we'll have some answers on that in just a moment. >> and then after the bell we're discussing whether the new credit reform rules will help or hurt consumers, the impact it could have on the financial sector. we'll check into the credit card story at 4:00. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 i want everything right where i can find it. tdd#: 1-800-345-2550 anything that ma

announcer: trade commission free for 30 days plus get $100 cash when you open an account. >>> you're watching cnbc'suawk on the street." we are live from the financial capital of the world. the opening bell is going to ring in 25 seconds. welcome back. time for the countdown. the fooutures finished the electronic session 15 minutes ago at plus 420. that's good for maybe 30, 40 points on the dow. and largely because the jobless claims number was a little better than expected. the jobs picture still not good. a little better than expected. here at the big board, greatbatch. ticker gb. oh, they make components for medical devices. great name for a cookie company. >> yeah. >> and at the nasdaq, avago technologies, ticker abg. analog, semiconductor devices, celebrating a listing today. >> let's get to our market reporters. obviously not fully open. we're down, we're up one point. bob pisani, take it away. >> what you want to do is talk about retailers. concentrate on the financials quickly. out liar financials, cits, aigs, freddie macs, fannie maes, all over the world. the crowd here, they're waiting for

announcer: trade commission free for 30 days plus get $100 cash when you open an account. >>> you are watching cnbc's "squawk on the street" live from the financial capital of the world. the opening bell is going to ring in, carry the three, 2 1/2 minutes. >> yep. remember, we were talking about the chinese market down nearly 20% over the past couple of weeks. it bounced back today. >> we're talking shanghai. but 20% is not unusual for shanghai it. >> had nearly doubled and raised concern over whether the stock market bubble there was bursting. we were talking about the tenth biggest broker in china was 100 times oversubscribed. we noted was sort of concerning t actually managed to go public today. it ended up more than 30% higher on the investigation, which is actually being interpreted as a sign of cooling because a lot of ipos have been going up much more than that but mark, this is what may interest you, it was valued at 60 times last year's earnings. >> no kidding? >> yes. yes and the other companies in that industry only valued at 30, which still may seem high, but just to give you some questio

announcer: trade commission free for 30 days, plus get 100 dollars cash, when you open an account. >>> you're watching cnbc's "squawk on the street." we are live and in living color from the financial capital of the universe. when the opening bell is going to ring, in two minutes, or a little less, the futures if you are just joining us, the jobless number was better than expected. we lost 247,000 jobs. consensus was it would be a little north of 250,000. so not much of a pleasant surprise but it was a pleasant surprise. the jobless rate, which is based on a different survey, fell. that was also a surprise. so that gave a nice pop to the futures. they are currently -- well, they stopped trading. they stop at 9:15. futures ended 11 1/2 points above fair value. that will give us 50, 60 on the dow. >> so, just to dive into these numbers a little bit more. i think steve liesman has made it very clear, it's not just one data point, it has been part and parcel of an improvement. you know, earlier this year we had 600,000 jobs a month. in the second quarter, i believe the average was around 435,000. very clear ther

announcer: trade commission-free for 30 days plus get $100 cash when you open an account. >>> all right. you're watching cnbc's "squawk on the street" and we are live. from the financial capital of the universe. the opening bell is going to ring in two minutes. 2 1/2 minutes. and the futures, as i said, 20 to a drop of maybe 20 on the dow. >> we, as promised, wanted to take a look at two big names with an alternative take. gm, big headloin of the day, the volt, the car on which they have bet -- our taxpayer future, the volt, gets 230 miles a gallon. keep in mind, the battery pack only has 40 mile range so it switches over to gasoline. >> it's got a gasoline engine. >> it's a very small gasoline n engine. so you would need to -- rate. so there's some issues there, clearly. >> and it can only go 40 miles on the battery. >> on the battery before you have to recharge. so that in of itself is something to think about. but more important, i've been talking to auto parts executive, specifically focussing can on drive trains and engines. they are very frustrated on this whole push to electric vehicles. they sayfy actu

announcer: trade commission free for 30 days, plus get 100 dollars cash, when you open an account. >>> you are watching cnbc's "squawk on the street." we are live from the financial capital of the world. the opening bell is going to ring in about a minute and a half. and we are going absolutely nowhere at the open. futures are right at fair value. we're not getting any push one way or the other. >> wait for that fed statement. in the meantime, stock. a chilean company here with the stock exchange, fertilizer company, sqm, you say, why are they so important? they are important because they are the world's biggest producer of lithium, hidroxide and lithium overall. they are maker of the bolt and the america's energy independent company. >> i thought you said they are an -- >> they must have mining operations. >> biproduct or something? or when you dig up one of them, lithium comes off. >> it may be true. what's interesting is they are chilean but 50% of the lithium comes from bolivia. what's obviously right now the leader of morales, close copatriot of hugo chavez. trade on the battery, there's a trade there. s

announcer: trade commission free for 30 days, plus get 100 dollars cash, when you open an account. >>> welcome back to cnbc's bell is set to ring in two minutes. but first, jim "gigaby"gigabyte goldman is on the phone with us, from intel. >> talk about a tgif present for tech investors. this is really important news. it's not just because intel is raising its revenue guidance. it's that margin guidance also. in other words, we knew that netbooks were doing especially well in the industry, low cost, low margin devices. what we're seeing now is a transition to the microprocessor, a new chip from intel. michael dell was talking about this particular device on the conference call yesterday. sees particularly strong interest in that chip, and particularly strong business as well. so this isn't just about low cost, low margin laptops out there anymore. this is about that tech transition, the upgrade cycle. if intel is seeing this amount of increase in revenue expectations, this is that rising tide that could float a lot of tech boats. if intel is seeing good news, it stands to reason that hp, dell, mikest microsof

plus, how will a potential of the u.s. health care system impact medical device makersome the chairman and ceo of medtronic gives us his perspective. >> a cnbc excloosive with gary gensler and which investments will be impacted most by changes. >> first the most active stocks on the new york stock exchange led by citigroup, fannie mae, freddie mac, bank of america and the parent of this network, ge. carol, when you replaced casual friday with nordic tuesday, was it really for fun, or to save money on heat? why? don't you think nordic tuesday is fun? oh no, it's fun... you know, if you are trying to cut costs, fedex can help. we've got express options, fast ground and freight service-- you can save money and keep the heat on. great idea. that is a great idea. well, if nordic tuesday wasn't so much fun. (announcer) we understand. you need to save money. fedex >>> let's take a look at widely held stocks. let's begin with the financials. it is green almost across the board though citigroup is a blip down a nickel or so. bank of america, jpmorgan chase, wells fargo and goldman sachs to the up side. today general electric, the parent of this netwo

announcer: trade commission-free for 30 days plus get $100 cash when you open an account. >>> all right. welcome back to cnbc "squawk on the street." opening bell is going to ring in about three minutes. time now for our one thing, one thing. >> what's your one thing, mark? >> check out a chart of the yield on the two-year note. >> while it's coming up. >> you see that? that's -- look at that yield decline. we were at 1 1/4 or better, just less than two weeks ago. and now we're at 1%. we were at .97% yesterday. and my point of this is, what you're seeing there is an aversion to risk. you're looking at people fleeing from risk. that's one of the reasons stocks have gotten really, really choppy here is that chart shows you money flowing in the treasuries, especially the two year. >> my one thing is barnes and noble, bks, it's going to open higher. they have the same issue as everybody else, declining traffic in the stores. they really got there by cost cutting. there was something i thought important, and that is online their sales were slightly above where they were last year. so we know more people have been

>>> plus, could president obama's sense of humor be hurting him when it comes to getting things done? >>> good day, everyone. i'm john harwood of cnbcyork times." and this is "the new york times special edition." on the front page this hour, tempers flare and town hall meetings turn into angry mobs. the latest in tampa, florida, where a businessman who came out to hear the facts on reform got caught up in a rumble. >> one of them took my arm and doing a arm twist. tore my watch off, then the other one grabbed me by the neck and the shirt and tore the shirt off because i didn't immediately fall over for him. >> all right. let's bring in jeff zellny. jeff, how big a deal does the white house think this is and how much could it interfere with their ability to get this message out? >> there's no question that the news of these disturbances is getting in the way of this actual information. the white house views this as an opportunity to

at cnbc's asia headquarters i'm adam bakhtiar going global with your money. >>> well, high-yield bond funds have had a good month so far. 30-plusercent year returns attracting almost $15 billion in assets. has the rally begun to run too far too fast? joined by jim keegan of the ridgeworth immediate bond fund and brendan white of the touchstone high yield bond fund. gentlemen, good to have you on the program. what's your thoughts, jim? >> at this point, maria, all risky assets have run very far very fast in a short period of time and our view right now is the economy is experiencing what we consider to be transitory growth and it's all about the consumer. the consumer is the lynchpin to the u.s. economy and the global economy and we just see that there's a secular change going on in consumer spending behavior driven by four factors -- less consumption, higher savings, less leverage, more regulation, and higher taxes. >> so what do you do then as an investor? >> well, i think what you do right now is you've got to become more defensive. and within the high-yield bond sector we would be getting more defensive, upgrading the qualit

plus, get a business financial review through a regions cashcor analysis. it's how business gets into the rhythm of saving. >>> i'm amanda drury with your cnbc market wrap. stocks surged to new highs on positive comments from the fed. the dow is up about 156 points. the s&p 500 gaining 31 to finish the week back above the 2,000 mark and the nasdaq adding 18. existing home sales surged more than 7% in july, the fastest sales pace in more than two years. and the largest monthly gain on record. >>> and at the fed annual conference in wyoming, chairman ben beren in ki said economic activity appears to be leveling out. he said prospects are good for a return to growth in the near future. >>> and "the wall street journal" says dow jones is putting its index business up for sale. no word yet on the asking price. news corp purchased them in 2007 for $2.5 billion. that's it for cnbc, first in business worldwide. now back to "hardball." >>> welcome back to "hardball." charles cook, who studies elections and makes predictions sometimes based on history, said the situation for this president has gotten completely out of control. the president and the congressional d

announcer: trade commission free for 30 days, plus get 100 dollars cash, when you open an account. >>> all right. we're back. you are watching cnbc's "squawk on the street" live from the financial capital of the world. the opening bell going to ring in, carry the two, about 2 1/2 minutes. >> say carry the two and just do a little flash multiplication? >> it's a 60-base not a 10-base, so it's a little harder. anyway, the futures are down. they stopped trading, down 19.30. and it's about 120, 130 points on the dow. >> we'll see where that goes. a couple of things i'm looking at, when we were talking about the purchases of u.s. assets. now, rick santelli noted the key point which, of course, is data is always a bit dated, pun intended, that would be back in the month of june. one thing was in it. overall, you did see foreigners buying u.s. treasuries, which was the most important take-away. the breakdown is the two largest holders, china and japan, china dropped and japan popped. >> dropped. >> they actually net sold u.s. treasuries. 25 billion of them. a drop of 3%. japan, though, an crease of 5%. they don't own as many as china. net

cnbc. everybody have a great evening. >>> tomorrow, president-elect your profit. former linebacker pete najarian. the xs and os you should know when the market's on a roll. plusthe future of the defense trade. a former head of u.s. central command on "fast money." at 155 miles per hour, andy roddick has the fastest serve in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". >>> i'm jaime cramer jim cramer and welcome to my world. you need to get in the game! bears are going to go out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. misdemean "mad money," you can't afford to miss it! i'm jim cramer. welcome to "mad money," welcome to cramerica. my plan is not just to entertain, but to educate. call me. this morning it looked like we were going to get hamm

plus, a forward-looking index, measuring the economy's ross protects, rising for a fourth straight month. so what do policy makers make of this? cnbc's steve liesman joins us from jackson hole, wyoming where policy makers are gthed from around the world. >> yes, about 40 bankers are gathered in jackson hole as they do just about every year, going back about 27 years running now. and the title of this conference is financial stability and macro economic policy. but the key issue is obviously the economic crisis. whether or not what the fed has done has worked and where they go from here, where they make the turn. we sat down yesterday, for an exclusive interview with basically our host here, kansas city fed president tom honak and asked him about the mood from participants. >> i think people are of the opinion that the worst may be behind us, and that we need to be thinking about how we proceed from here. >> and how we proceed from here is essentially the agenda here, guys, where on the jackson hole agenda, they're going to be talking about whether or not what's worked -- what has worked. and i think they're going to say, you know wha

who was the first nfl receiver to have 100-plus yard receiving games in his first three starts with a new team? the answer when cnbcquawk box" continues.af you really 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! >>> now the answer to today aflac trivia question. who was the first nfl receiver to have 100-plus yard receiving games in his first three starts with a new team? the answer, randy moss, who accomplished this feat with the new england patriots in 2007. >>> fair isaac, the company behind your fico credit score soon to be out with an extensive study on consumer credit situations. joining us for a preview is mark green, fair isaac ceo and also from the st. louis fed. >> board in washington. >> thank you. good to have you back. the bottom line with the study is people's available credit has come down, right? >> that's right. >> by more than you wo

cnbc for you. >>> it looks like the senate will extend that cash for flu clunkers. we'll be talking live with the head of the automobile dealers association. >>> plus back to school is around the corner. coming up, what do you do as an investor? we've got it for you, plus the latest market news, only on "the call" at the top of the hour. >>> now to a controversial form of trading. senator chuck schumer saying the s.e. kre has assured him the practice of flash trading will be banned, but the s.e.c. says we'll look into it, but no decisions have been made. anyway, let's get to our flash trade task force with their insights. capital markets research and advisory firm follow high frequency trading. and, yes, there's a difference between high frequency and flash trading. adam and dave is here. adam, is there any way to explain to a layman what flash trading is? >> essentially it's when an order comes into the market and it's exposed to the crowd. the crowd has the right but not necessarily the obligation to execute against it. >> don't all orders get exposed to the market? >> what happens is that this order is aggressively priced. and let's say nasdaq h

plus, this court and jury's top stories are coming up. ww >>> welcome back to squawk for a thursday here on cnbc.i'm becky quick along with mandy drury. joe and becky are out today. our guest hosts, rich bernstein and jim paulsen, chief investment strategist at wells capital management. mandy is doing not just this show, but "the call" at 11:00 and "street signs" at 2:00. >> it's trial by fire. if i can survive today, i can survive anything. >> if you missed mandy this morning or need to see more, you can get a lot more this afternoon. busy economic calendar today. jobless claims in about two h r hours. also at 8:30, we'll get preliminary 2qgdp. also natural guess inventories, dell earnings are out tonight, as well. so there's a lot going on. futures, meantime, on a week where i think the afternoon move, guys, has been pretty thin. but a couple single digit moves. but overall, the trend has been good. futures today look positive. weak action in china. the government there talking about reigning in some of the redundant capacity, worried about misallocation. every comment out of china toms with a

plus, cash for clunkers got two thumbs' up, so should we expand that plan to other products? >> and the "fast money" halftime report coming up in about 30 minutes. stay tuned. you're watching power lunch on cnbc. first in business worldwide. bbbb >>> all right. here's a look at some of the most widely clicked stocks on cnbc.com. the financials very much in focus, citigroup, bank of america, fannie mae. some of the leaders in terms of percentage volume on the market. also on the list today, ford, at 759, and sirius xm radio. phil? >> certainly aig has to be one of the most widely clixd as well here on cnbc.com. shares surging to 30%, almost to $50 a share. mary thompson, what is fueling all of this right now? >> you know what, the firm's new ceo is making nice with one of the insurer's former ceos. robert benmoshe has reached out to hank greenberg. shares trading yesterday, and extending today. aig declined comment but a person close to the firm says that benmoshe respects what greenberg built, and his knowledge of the firm. greenberg who was fired in 2005 remains a shareholder in the company, though he and the company see runs are in a variety of legal tussles with aig. greenberg critical of

plus, get ready for the "fast money" halftime report. melissa lee is back the in chair. don't say we didn't warn you. we are back in two minutes. this is "for you we are lunch" on cnbc, first in business worldwide. the dow is down 46. i'm here on this tiny little plane, and guess what... i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. anything before takeoff mr. kurtis? prime rib, medium rare. i'm bill kurtis, and i've got plenty of room for the internet. and the nation's fastest 3g network. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network. only from at&t. reading about washington these days... i gotta ask, what's in it for me? i'm not looking for a bailout, just a good paying job. that's why i like this clean energy idea. now that works for our whole family. for the kids, a better environment. for my wife, who commutes, no more gettin' jerked around on gas prices... and for me, well, it wouldn't be so bad if this breadwinner brought home a little more bread. repower americ

cnbc. i'm carl quintanilla along with joe kernen and becky quick. check out futures. i think we're in for a triple digit gain. it's been hovering around the 100-plusevel as we had good numbers in asia and europe. some of the earnings out of asia and china is helping out. >> people might have thought we were in for a pull back after a strong month of july, huge market return. >> all through july. >> think august will be as good? >> this has been a pretty nice wall of worry. a lot of guys we trust and talk to have been -- >> s&p 993. do you think we could see 1,000 before the month is out? >> do we know anyone that's smart about this stuff? is bernstein here yet? >> he is. he's in the chair. >> we'll ask him. you had to be a little surprised by this. >> oh, sure, absolutely, without a doubt. >> i think you were the one that told me i could wait six months between the bottom to buy. >> you can. that's absolutely right. it may work. >> some of the stories we're following, the nas's automakers reported sales for july. the cash for clunkers program has ford on track for its first monthly sales increase in two years. you can catch ford's chief sales anal

plus one of the few dow 30 component ents so report a year off year earning report. something they don't normally hear. we'll have more on walmart throughout the day. >>> we're kicking off cnbc'sverage of the american consumer. we're joined by two people who are keeping tabs on the mood at the mall and consumers' wallets. they see optimistic signs. here is citi retail analyst and retail analyst with piper jaffray. it's good to see both of you. jeff, why don't you tell me about what you see when it comes to consumers, are they getting ready, opening their wallets once again? >> we think they're just starting to open their wallets. it's interesting with the walmart news, still very much a trade down cycle going on out there, but we really think the consumer is starting to open their wallets. they're getting a lot of units for less dollars. so when sales results come out lower than expected with higher margins, we think that's a classic sign of an inflexion sign and healthy to investors that profitability will accelerate. >> kim, people have been watching what's been happening with retail stocks, they're up 40%, and there's concern that stocks are getting ahead of consumer spendi