also heading the nasdaq? zillow. the real estate listing service today detailed its stock offering plans. it hopes to raise $71 million by selling 3.5 million shares priced as high as $18 a share. it gets the coveted single- letter ticker "z." >> susie: even though investors have a long worry list, tonight's "market monitor" is still optimistic about the outlook for the markets. he's ted cronin, c.e.o. and chief investment officer at manchester capital. the vermont-based investment firm manages almost $2 billion in assets. nice to have you on the program, welcome to your first market monitor. >> thank you very much, it's a pleasure to be here this evening. >> susie: since this is your first time why don't you begin with your outlook. why are you so positive on the markets right now? >> well, i think your show does a wonderful job of detailing all the kind of somber news that we see on a daily base -- basis. but i do remain, despite all the negativity, very optimistic going forward, that's because i believe it's not a

the nasdaq performed better thanks to strong earnings from apple. it gained ground in three of the week's sessions for an overall net rise of 44 points or 1.5%. the s&p 500 also up on the week rising 2%. >> susie: still ahead, tonight's market monitor says stocks have not hit their high for the year yet. he's kurt reiman of u.b.s. a setback today for shareholders seeking a stronger say in the way corporate boards are run. a federal appeals court has thrown out a securities and exchange commission rule that makes it easier for shareholders to oust board members. the rule, which was mandated by last year's financial overhaul would have allowed shareholder groups that own at least 3% stock for three years to put their own board nominees on proxy statements. business groups challenged the rule, fearing it could unduly influence board composition and cost companies millions of dollars in contested board elections. caterpillar is is heavy equipment manufacturers disappointed investors today. $1.70 per share. that's a big increase from a year ago. not quite

the nasdaq was the only of the three major indices to close higher. the best nasdaq 100 stock was netflix. volume more than doubled as the stock ran up more than 8%. nice move here. this is an all-time for shares. it announced new internet streaming service in latin america and the caribbean as it continues to expand globally. some wall street worries hit shares of medical device maker medtronic. the stock fell 3% on heavy volume. last week, a medical journal raised questions about a bone growth product and today wells fargo downgraded the stock. this is the past 180 sessions. a couple of decent rallies, but today's drop takes shares to their june low. florida real estate developer st. joe saw volume increase five-fold as it fell 9%. the securities and exchange commission has launched a formal investigation into how it values land. finally, back to where we started the focus-- commodities. silver jumped more than 5% after it dropped below $35 an ounce last week for the first time since may, when it was coming off this generational high. almost $50 a s

the nasdaq traded 2.3 billion shares. it was the worst week for stocks in over a year. the dow took the biggest hit, falling every session this week for a net weekly loss of 537 points or 4.2%. the nasdaq managed to close up one day this week, still it lost 102 points on the week or over 3.5%. the s&p lost ground in all five sessions this week for a net loss of 52 points or 3.9%. >> reporter: i'm diane eastabrook in chicago. still ahead, the government is raising vehicle fuel economy standards, but the question is, will automakers be able to meet those higher standards by the year 2025? >> susie: now to today's other top story. the u.s. economy stumbled badly in the second quarter, raising the risk of another recession. the nation's g.d.p. expanded at an anemic annual rate of 1.3% in the april through june period, much slower than expected. and as suzanne pratt reports, experts are now concerned about the recovery in the final months of this year. >> reporter: stuck in the mud. a snail's pace. or how about flat-lining? all are perfect metaphors for the state of the econ

gamechangerstocks.com back with us from the nasdaq. you mike pharma >> shares have rocketed higher since april, climbing just shy of a new all-time high. what is the catalyst from here. >> it has a novel approach to hepatitis c, and will hiv, and three compounds. it's really a breakthrough company. and even at $126, it's still worth it. >> tom: were you even buying. >> i was buying today >> tom: back in march, you were bullish about satcon. how do you see it going forward? >> it's a power inverter maker for alternative renewable energy. it moved down considerably yesterday as it cut the forecast due to project delays. are you still holding on after what is clearly a drop in the trend? >> i'm holding on to my shares. the problem is inventory glut. the number one solar and maker in the world, tom. you have a problem fundamental positions model if solar right now. anyone holding on, there's better places to deploy money right now. >> tom: but you're still holding on to your shares right now, right? >> i'm going to hold on. they have backin

the s&p was down one point, but the nasdaq added nine. taking a look at overseas trading this morning, in tokyo the nikkei gained 110 points, but in hong kong the hang seng fell 230. >>> light, mostly flat trading put an end to wall street's winning streak tuesday, except for the nasdaq, which barely eeked out a sixth straight day of gains. the nasdaq was lift bid netflix which serves 8% and hit a new high after announcing it was expanding it's on-line video service to 43 countries in latin america and the caribbean. over the last year netflix shares have tripled in value. >>> just when wall street had put greece in its rearview mirror, moody's investors service slashed portugal's credit rating into junk territory on risks the country will need another bailout before it can return to capital markets. on the data front, new factory orders bounced back in may, boosted by demand for transportation equipment. >>> oil futures surged 2% to settle at just under $97 a barrel after barclay's capital raised its forecast for the commodity for 2012. c

the dow fell 151 points, the nasdaq lost 57 and the s&p 500 was down 24 points. trading volume started the week with 827 million shares moving on the big board and almost 1.8 billion shares on the nasdaq. european finance ministers met today, looking for private investors to share in the pain of bailing out greece. some countries insist investors lose some money before they will help greece. meantime, german media reports president of the european central bank, jean-claude trichet, is asking big banks for advice on dealing with a euro- zone country going bankrupt. brian wesbury is the chief economist at first trust. so brian, is europe for of a threat to american investors today compared to where we left it last week? >> i don't think so, tom. i think we got hit by obviously the employment report last friday, the debt talks in the u.s., but then obviously renewed fears in europe. and there's a lot of unknown in europe about how far this will go, about whether banks will have to take cuts and whether that can be linked back to u.s. banks. so i think the fear is ju

at the close of the play there were triple digit losses for the dow, nasdaq, each closed roughly 2%. painful, pauline. >> let's look at the stock market futures and trading session in the u.s., it's right across the board as well, here's where the u.s. futures stand in premarket action the dow poised to open down by almost 1%, about the same amount for the nasdaq. the nasdaq ended monday's session down 2%, so that's not good news there. also the s&p 500 poised to start the session on tuesday down by 1.25%. we're seeing investors fleeing equities and just piling into treasuries, so let's brace ourselves for wall street when it opens in just a couple of hours from now. charles? >> yeah, let's get to the root of the problem. a moment ago the euro i said was at a three-month low it's actually a four-month low against the dollar. european finance ministers are meeting in brussels to contain the crisis. they are discussing a second bailout plan of greece, could include a buy back plan of debt. policymakers may accept some plan of default. christine lagarde say greece's efforts to close the

walberg is with us from the nasdaq. bob, welcome back. how are stocks of european countries impacted by the government debt worries? >> well, tom, it has been, as you mentioned earlier, ugly. the european markets across the board have some of the worst performers in the world year to date. generally, the fears of the debt overhang and the implications that's going to have on the economies of that whether it's cutting spending, slowing down economic growth. all thaf has led to the shedding of >> tom: so you're bringing along three global players in europe thaw find value, beginning withun unilever, , an hellmans, , , and it's held up well, hasn't it. >> i think it's a dollar a share below the 52 week high, and up double digits on the year. when you're looking at making a play in europe, you want to look at the general overall weakness and concerns to buy large consumer goods type of companies, things you buy no matter what the economy is doing. that's where where the mon seflowing. unilever is a well managed company, and selling a lot of st

compare that to the past 90 sessions of the nasdaq 100 exchange-traded fund. it was down 0.5% today, but is not at its lowest price of the month. the tech sector has held up a little better in recent weeks than the broad market. thanks to this broad move higher late last month. tech was the best sector today in the weak market. the market focus will be on i.b.m. tomorrow after its earnings, but also apple, which reports earnings after the close tomorrow. apple was among the strongest tech names today-- up 2.4%. bit of technology burst ourselves here on screen. volume was stronger than usual as today's action puts apple at a new high. apple reportedly is close to a new to selling its iphone in china deal. we'll have more on apple and its growth prospects tomorrow. while apple jumped to a new high, bank of america stock continues sinking to two-year lows. b. of a. dropped another 2.8% day. this was the biggest loser among the dow industrials, and the financial sector weighed on the market today. not just big banks, it was insurance stocks that were the worst in t

the nasdaq was off 15.5 and the s&p 500 lost nine. trading volume was light. 770 million shares on the big board, 1.6 billion on the nasdaq. despite today's job worries and a shortened trading week, the dow was positive on the week rising 0.6%. the nasdaq gained better than 1.5% since last friday. and the s&p 500 also ticked a fraction higher, up 0.3% on the week. >> susie: that dismal jobs report has everyone asking-- how do we fix the problem? joining us with some thoughts mark zandi chief economist at moody's analytics. >> mark. >> hi, susie. >> how do we put americans back to work? >> well, i think this will put the onus back on congress and the administration to do at least a few more things to try to help the job market the next 6-12 months. one would be to extend the current payroll-tax holiday which if there is no legislation will expire at the end of this year, so that's a likely thing they could do. there is also a suggestion of providing more help to state and local governments. as you know, as we see in today's job numbers

and the nasdaq rose 33. in tokyo the nikkei added 51 points, while the hang seng climbed 336. >>> well, stocks close after a rough month and quarter thursday with their biggest four-day rally since fall last year. this week's rally lifted the dow slilts into the black for the second quarter and left the s&p 500 and the nasdaq with only fractional losses. end of quarter buying by fund managers who typically sell losers and buy winners to sweeten up portfolios helped fuel the rally. >>> also helping midwest business activity showed surprising strength. investors shrugged off a slightly disappointing weekly employment report. greece's parliament approved budget cuts and asset sales, measures necessary for new bailouts. >> worthington jumped nearly 10% after raising its quarterly dividend and announcing a big stock buyback. ebay rose more than 4% on upgrades in the wake of a fed decision favorable to the pay pal service. this spring farmers planted the second largest corn crop in 70 years. good for consumers. it

the nasdaq sank 57. in tokyo the nikkei dropped 143 points, while in hong kong the hang seng lost a whopping 684. >>> panic is spreading through europe's financial markets this morning, as investors worry italy and spain, nations seen as too big to be bailed out, are sliding into the region's debt crisis. stocks, the euro, and government bonds are all tumbling. with the yield on ten-year italian bonds now over 6%. more than a percentage point higher than just two weeks ago. since italy worries drove stocks to their worst day in nearly a month monday, that doesn't bode well for today's trade. yesterday, the nasdaq tumbled 2%, the s&p 500 wiped out its gains for the entire month. wall street's so-called fear index spiked more than 15%. >>> financials were hardest hit. citigroup dropped over 5%. bank of america lost more than 3%. jittery investors flocked to bonds, the ten-year treasury yield fell below 3%. plagued by a phone-hacking scandal news corp. dropped more than 7.5%. the most on the s&p. arch chemic

the nasdaq rose 15. aking a look at overseas trading, in tokyo the nikkei fell 27 points, but in hong kong the hang seng added 13. >>> a hint of another boost from the fed helped stocks to halt a three-day slide wednesday but those gapes were challenged after the bell by a threat to the u.s. credit rating. moody's investors service announced it might cut america's aaa rating due to rising chances the debt ceiling may not be raised in time to avoid default. that sent stocks diving in late trade. earlier in the day stocks flew after congressional testimony from fed chief ben bernanke suggesting the fed would consider additional stimulus measures. two previous stints of the fed buying hundreds of billions in bonds, which finished in june, was supposed to lead to expansion and jobs. about the only clear thing it led to was a sustained rally in stocks. so, the mere suggestion the fed was considering another round led the three majors higher. >>> energy and material shares were the top gainers. copper and gold

the dow tubmled 200 points, the nasdaq fell 75 and the s&p 500 lost 27. heavy volume on today's selling, with the big board trading over one billion shares, nasdaq volume 2.4 billion. the economy worsened in about half the country in recent weeks due to weak home sales and signs of a slowdown in manufacturing. a federal reserve survey out today shows seven of the fed's 12 bank regions reported slower growth. and in another sign of new weakness in the economy, the commerce department says there were fewer orders of aircraft, autos, heavy machinery and computers last month. orders for durable goods fell by 2%. >> reporter: i'm diane eastabrook in orion township, michigan. still ahead, i'll tell you how general motors plans to make money selling this small car with help from the u.a.w. >> susie: can you say $1,630 an ounce? that's the new record for gold prices set today, before the precious metals encountered selling. in new york trading, gold futures lost $2 to settle at $1,617 an ounce. but, as suzanne pratt reports, gold prices could continue to shine on

the nasdaq rose 42. taking a look at overseas trading this morning in tokyo the nikkei added 97 points, while in hong kong, the hang seng climbed 372. >>> this coming week, with much of wall street on summer vacation, no earnings news and the issue of greek debt at least temporarily resolved, economic data will be the driving force. friday markets kicked off the third quarter with a fifth straight day of gains, marking their biggest weekly percentage gain since 2009. the dow rose more than 5%. the s&p gained over 5%. and the nasdaq climbed more than 6%. friday, an index of national factory activity showed the pace of growth and manufacturing picked up for the first time in four months. on the heels of thursday's report showing surprisingly strong regional business, traders hoped the recent trend of weak data may be over. >>> june auto sales also drove friday's trade. ford rose after reporting june sales shot up 14%. truckmakerçó oshkosh surged 14% after shareholder carl icahn said he wanted to meet with m

the s&p was up 14, the nasdaq gained 38. taking a look at overseas trading now, in tokyo, the nikkei added 66 points while in hong kong, the hang seng grew 196. >>> the rally returned thursday as a big rebound in retail sales and jobs reports pushed stocks near annual highs. the nasdaq notched eight days of gains and briefly traded at its high for the year. the dow and the s&p 500 both stand close to their highs for 2011. retailers had their best june in years as deep discounts lured shoppers. kohl's, target and urban outfitters gained 6%. jobless claims dropped to a low. a new report showed fewer companies a huge jump from the previous month. all that boosted optimism for today's all-important government reports on unemployment for june. yesterday deutsche bank raised their forecast for the month's job creation by a whopping 75,000. >>> there was some bad news. oil rose over $2 a barrel, as speculators gambled global demand will rise. and gas prices are up about a nickel since just the end of last week. >>> in a stunning res

the dow rose 93 points, the nasdaq was up 38, and the s&p 500 added 14. trading volume, up on the big board to 840 million shares; just under 2 billion on the nasdaq. the jobs numbers also pushed oil prices higher. in new york trading, august crude futures rose $2, or 2%, to $98.67 a barrel. and the fed wants the nation's mortgage servicers to figure out a standard way to handle foreclosures. that, as the justice department negotiates a settlement with five of the nation's biggest banks over their foreclosure practices. still ahead-- a surprisingly strong june for the nation's retailers. but will cash registers continue ringing up sales into the all important back-to-school season? >> tom: a rare about face for one of the towards biggest media moguls, rupert murdock's news corp. will shut down its british tabloid "news of the world." that paper may not be on your news stand, but it is a best seller in the u. k. with almost 3 million subscribesers. the decision to close it comes after revelations the paper hacked into cell phone voice mails celebrities, ro

the nasdaq leaped 61. taking a look at overseas trading this morning. in tokyo the nikkei climbed 116 points, while in hong kong the hang seng added 101. >>> tuesday strong earnings and hope for a deficit deal in washington boosted stocks to their best day since march. the dow had its biggest one-day jump this year. tuesday's gains turned all three majors positive for the month. >>> the nasdaq gained more than 2% led by apple hitting a 52-week high. after closing apple posted stunning sales vaulting past nokia and samsung to become the world's biggest smartphone maker, and way above analysts' estimates sending shares even higher after hours. >>> results from tech bellweather ibm sent big blue zooming up almost 6%. >>> coca-cola's sweet results sent coke up over 3%. >>> harley davidson was the s&p's top performer after reporting its first sales increase since 2006. among financials, wells fargo shares jumped almost 6% after a profit hike. key corps rose more than 4% on a boost in earnings. on the flip side bank of america and goldman sachs fell on disappo

the nasdaq gained 38. taking a look at overseas trading this morning. in tokyo the nikkei added 66 points. the hang seng grew 196. >>> well, the rally returned thursday as a big rebound in retail sales and strong jobs. the nasdaq notched an eighth day of gains and was at its high for the year. >>> retailers had their best june in 12 years as warm weather and deep discounts lured shoppers. kohl's, target, and urban outfitters each gained more than 6%. first time unemployment claims dropped. a sign of fewer layoffs. companies added more than double the number of jobs economist had forecast for june and a huge jump from the previous month. all that boosted up for today's all important government report at unemployment for june. yesterday deutsche bank raised their forecast for the month's job creation by a whopping 75,000. >>> there was some bad news. oil rose over $2 a barrel as speculators gambled global demand will rise, and gas prices, which had dropped since may, are up about a nickel since just the end of last week. >>> rupert murdock put 200 out of w

the dow lost 62 points, the nasdaq added a point, and the s&p 500 off four. as for volume, a little lighter- - about a billion shares moving on the big board and over two billion on the nasdaq. the number of americans filing for unemployment benefits dropped last week to the lowest level in three months. the labor department says claims fell by 24,000 to 398,000. that's a bigger drop than economists expected. and the number of contracts to purchase previously owned homes unexpectedly rose last month as buyers tried to take advantage of lower prices and borrowing costs. the 2.4% rise in pending home sales followed an 8% gain in may, according to the national association of realtors. meanwhile, foreclosure activity slowed down in the nation's largest metropolitan areas during the first half of the year. however, foreclosure listing firm realty-trac says that's because banks are taking longer to move against homeowners behind in their mortgages. >> ways to turn child's playtime into a learning opportunity. >> susie: our guest tonight expects the u.s. will lose i