the ceo of shutterfly.ock has been a monster since it ipoed. >> when you break it down you definitely get a little scared when you are looking at the stock. some of the strategic partnerships and broeth potential from these are the reason folks are willing to buy this stock. for me it seems a little bit too much of a premium valuation. >>> tim has gone trading the globe to find emerging opportunities. >>> plus if you are searching for ways to play the fed's latest round of easing japan could be what you are looking for. we have that trade next. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. u

send it to shutterfly -- shutterfly. >> it will come to you in a couple of days the stock is moving higherven those jefferies initiated up $2.39. good to see you. ceo and president of shutterfly, jeff housenbold. my next guest says you better buy european stocks while they are shut shut -- chief. managing $6 billion for bryn mawr will tell you but he also has a fund you may want to get in on. stay tuned. everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank >> i am robert gray. the tone and wall street continues with the ecb easing concerns over the debt crisis. ecb chief draghi is launching a bond buying program to help support italy and greece. jpmorgan chase named senior mortgage executive delaney as the chief investment of

that may not necessarily be good news for shutterfly. see the immediate move to the downside but it's since moved back up to just about where it was prior to the announcement being made. finally one i'm still curious about is yelp. maybe brian can tell us if anything's going on. yelp is supposed to be part of that new apple map feature that's in there. it is supposed to be prominently featured. the stock has moved down in the last few minutes. maybe we can get some clarification on what's going on there. finally want to show you something independently. abercrombie & fitch was briefly halted. there was a volatility trading clause here at the new york stock exchange. you can see now it moved up and it is still moving on the up side. we understand there were reports out that they have hired goldman sachs in response to pressure from activist advisors. that's moving that stock up rather notably here about 6%. >> i'm glade you've actually mentioned a few other names out there. it really feels as if just watching the wires and twitter feeds,

back in april, kodak sold its kodak gallery photo sharing website to shutterfly. ford's latest model is spurring job creation. ford will base production of its new fusion model at a plant in michigan. 1200 jobs will be added to the plant in suburban detroit. the fusion is facing high demand. it is currently one of ford's top sellers. meanwhile, over at gm, the chevy volt is a hot seller, but it could be cutting into gm's long-term profits. gm invested $1.2 billion in the volt, but has sold so few of them - fewer than 14,000 - that reuters reports gm is losing around $49,000 on each volt made. congress is back in session. topping the agenda for lawmakers is keeping the government in operation. as the september 30th deadline quickly approaches, the house is expected to approve a bill later this week that will keep the government running. as well as passage by the senate by the end of the month. reports say a threat of a government shutdown sparked by the tea party is looking less likely as upcoming elections draw closer. also on the legislative list, president obama

. >> ceo of shutterfly. took a dive off the iphone five announcement on photo stream.alty david henry. >> see you guys tonight. >>> in the meantime, if you're just joining us, here's what you missed earlier on this morning. >> welcome to hour three of "squawk on the street." here's what's happening so far. >> it is going to be an overcrowded trade through this whole cycle. but it will go through one and two month pullbacks. on those one and two month pullbacks like we had in january and february you're supposed to add to your position on those pullbacks. >> is there any way for this to not end badly. >> not that i can think of. >> would you spend more now or no? >> yeah. i think i would. >> how much more? >> i would call it a moderate -- i wouldn't cut the deficit too fast. >> at the end of the day, you're judged on performance. if you believe as i do that easy central bank policy can drive up asset prices, artificial or warranted or not, then you have to stick with that theory. >> it's a bit of groundhog day, isn't it? iphone mania strikes again. i think the numbers r