pull the s&p higher eventually. example, when the nasdaq 500 outperformed the s&p back in february that led to a terrific rally in the s&p over the next couple of months. s&p, blue, nasdaq, red. nasdaq soars and the s&p soars. of course, with the decline back in april the selling in the nasdaq 100 was a lot more severe, all right? look the at that, right some than in the s&p 500. i've told you my reasons for why that was the case. the tech and biotech stocks failed to dominate the mdx and had fallen out of favor as the mark was glutted with new supply, but based on our experience with the charts, garner believes that the excessive weakness in the mdx versus the s&p could be a real red flag for the broader market's medium-term health because she sees how the s&p will follow its more volatile comrade lower. in the short term she thinks both indices will keep bouncing from here at least until when they slam into technical resistance levels that can get more selling when they're not cleared. when you hear the pain in the

the intent of the s m f was to show that the offset of the locations for a hundred and 20 days notice for the resident and presuming the population of neighborhoods will be aware and a more limited noticing of that. so in 4 of the cases before you today, we assert? the failure the process alternative locations were not presented and this nullifies this because there's not multiple locations. the altercating other situation is the location where at the outset has chosen the least impact site at&t is also to look for private property locates. there was a partnership locations presented that at&t rejected because they said it was a fire road it was only about 5 foot wide and can't accommodate emergency vehicles apparently, the hoa of the property is willing to law it and indicating at&t said it was in a red zone the red zone is to prevent someone from blocking a garage and at&t wouldn't leave an unattended vehicle so they seem to think hoa could prevent that to be a blockage to the garage they're not concerned. additionally at&t argues that dpw denials of the operations denies the state

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that's the highest of any s&p sector out there. thanks to real estate investment umt trusts outperform this woke as well as did mlps, those are the master limited partnerships that do oil and gas pipe lines and that type of thing. curiously, home builders, which should benefit from lower rates. they were actually down on the week. again, some of the interest rate trades are there, but it doesn't apply a across the board. >> that's quite a good point topping vrp much for that. home builders aren't feeling a lot of trough, could there be trouble on the homefront and one last retailer as well. let's check in with the chart master. what have you found there, carter? . >> we will focus on home depot. it's conceptual in that these stocks are sensitive in the cost of.the conversation of money has collapsed yet they have not come to life. so just quickly, we know the s&p, of course, basically unchanged on the year. let me switch to red. have you that versus the home builder etf, masco, fortune brands, beacon, la-z-boy. etan allen. this is g

the s&p were seven but it's sitting right at 1900. it's important. 1902 is the record intraday high. i think we're almost there. >> 1897 is the closing high so if we close right here, a new high for the s&p going into the long weekend here. speaking of which, the new x-men movie is expected to rake in over $100 million this memorial day weekend. we'll talk with a top media analyst next about which studios could come out on top by the end of this summer. >> also coming up. >> "revenge of the nerds." we're calling this the geek economy. our resident geekdom nick chu will give us the lowdown on which companies can give the biggest boost from this rise. don't get it. you will after this. predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools an

2000 of 10%. 35 times the s&p, the large caps have followed. they have not followed this time. so to me you have this complacency that mike is speaking to that just keeps expanding and expanding. when you use carter's old adages, it's got to make you nervous here. >> mike? >> yeah. i mean, this is one of those situations, it's a combination of a whole host of setups. technically it certainly looks like the blue chips are poised to start following some of the concern that was in some of the lesser types of stocks. the fact that the ten-year treasury here is also ludicrous, there's really nowhere for yields to go but up in my view. one of two things is going to happen. if you start to see greater than expected economic growth or some form of tapering, that's going to great another taper tantrum. that will bleed into equity prices. surely. and the other thing is the housing market, which is a whole part of the reason we're trying to do this hasn't been that stellar. we're going to find out more data in the weeks to come as we find out the pricing

this is the s&p 500 utility sector. look where we are. meaning the action right now the ip applies a breakout above the 2,000 top, the 2007 top. just a textbook conventional buy juncture. a few other things that puts this in perspective. this is the sectors waiting in the s&p. there are ten sectors that comprise the whole. utilities are right now at roughly 3% whereas on average, since 1990, utilities are roughly 3.75% of the s&p. so this would suggesting that two utilities relative to the rest of the market are underweight. one other thing that might be relevant. yields. these are bond proxies after all. the current yield on the sector is 3.65%. a ten-year treasury is 2.47. that ratio is 1.43. you're paying -- you're getting a lot of yield relative to what you should get out of utilities. this is a good place to be. if there's ever a market selloff, utilities act better than equities in general. >> carter, listen, we've done a million charts together when you look at those uptrends. to me you're trying to get maybe the last buck or two ou

he says the s&p is still headed through the roof. adam, for 2014 you have an incredible price target of 2014. >> i mean, what pullback are you talking about? the market is less than 1% down from its all-time highs. >> whoa, whoa, whoa, the russell is down 10%. >> the s&p 500. >> just to dismiss that -- we have a situation here where a large part of the market is not acted well. >> she was talking about the s&p target of 2014. >> all right. >> that is about 7% upside from here to year end. >> it's got to be a world record for jumping in. that was like two seconds. >> i'm sorry, she was saying the target on the s&p. so there's no doubt it's been a huge rotation underneath that. that's all people are talking about, the rotation out of growth or the small cap underperformance. target, i don't think it's through the roof. i kind of -- you could call it how you want but to me 7% upside between now and year end is pretty much in line with our earnings expectations. we don't see that much multiple expansion. it seems like a huge number but o

today is 54 around the bay and low 70's by noon and low 80's at 4:00 and the low-to-mid 70's by 7:00 and total sunshine inland in the 50's this morning and in the 80's through the afternoon and through 7:00 we are still at 80 after tapping out in the upper 80's and the coast is warmer and milder than yesterday and warmer and calmer and upper 60's to low 70's most the afternoon. leyla gulen is sleeveless. >> i am going sleeveless because it will be so warm and i wish the wind was calmer. the sand stuck to ploy lip gloss and not fun. >> we have a couple of problems this morning, first, in oakland, southbound on the nimitz two cars are tangled with one to three lanes blacked at 98th avenue with delays away from high street. watch out for that. also, 46 bart trains are currently running on time and the metering lights may have been turned on and a bay bridge

president of the s m f is asking for private property that will serve the same purpose and get them off the sidewalk or at least an alternative rather than an arbitrary process of moving around a neighborhood none of them in the group has expertise about the placement we've talked about one property a hud property directly across the street and in the case of 533 there's a large apartment building cross the street and potentially there are storage locations within the building that will allow at&t to use private property space. the incentive is $8,000 for skaes that's another thing that should be addressed for a prove or disprove to want to do that as opposed to obstructing sidewalks. is there any public comment seeing none, mr. george if you have rebuttal you have 2 minutes >> i'd like to make two points for the record again lynn fong from public works appeared at the hearing and this is the hearing officers finding at&t, in fact, compiled with the technical requirements of the order. the other point is the proposed location is in the public right-of-way and at&t has a right to install

not just the vix which is the s&p 500. i'm talking about the teslas of the world, facebooks of the world. you have paper, all kinds of paper. mostly -- >> facebook, google, apple, they led the s&p tech index. s&p tech the best performer of all the sectors in the best two weeks. those implied volatilities are still low. >> the volatility is so ekts treatmently low because the nervousness is not to the downside. the nervousness is am i missing -- >> look at something like a microsoft or cisco. i think those are better risk/rewards. apple has already made the move. >> microsoft at 41? >> absolutely. >> yeah, i was going to say microsoft has made a huge move. >> i agree with you guys. >> and it's a better risk/reward. >> but at a certain point where does that old tech get expensive? where does the oracles, the microsoft -- >> i think there's plenty of room for it to get expensive. it's not because people were expecting a lot at wdc but because it's a valuation. i think that's what we're getting out of tech. >> let's get a trade

70's and the 80's at 4:00, and coast and bay to mid-90's inland and in the 70's and 88 at 7:00 no relief until it is dark. >> we have construction all over the place in the bay area as we go to the north bay along highway 37 in the eastbound and westbound direction between 121 and sonoma boulevard, you can see purple weather indicating a full closure. it will re-open at 5:00, but we do have crews that are out here picking up cones in the next 20 minutes but as we take you back into san jose this is where we have the emergency pothole repair, northbound 880 to southbound 101 the connection is closed down until 5:00 this afternoon. sig-alert is in place until that time and it was an easy job that turned into something were larger than they expected. this is going to be in effect for a very long time. eric and kristen? >> thank you. five days and counting before thousands of runners hit san francisco streets. what you need to know if you running in bay to breakers. >>> a real estate developer neighbors zuckerberg to court with the promise he claims the facebook c.e.o. reneged on. >> video o

the nasdaq added 51, the s&p 500, added 11 clouto close at t all-time high. there were other milestone, the transportation and material markets sitting at all-time highs while technology is at levels not seen since the year 2000. but this year, believe it or not, the biggest groups are utilities, yes, utilities, the top sector of 2014 so far up more than expected. dominic chu has more on the stable industry and why boring may be beautiful for you. >> reporter: they may not be all that glamorous but utility stocks have been wall street darling darlings so far this year. and there is a big reason why. dividends. >> the utilities tend to have a higher yield than say some of the s&p 500 companies, the utilities tend to grow their dividends pretty consistently every year. >> utility companies tend to pay out more of their profits to shareholders rather than reinvest all the profits back into their business. so if you're an investor, looking for utilities, it can play a role. her firm manages over $26 billion in client assets, they have a specific focus on income ge

but the coast is flirting with the 80's. >> flying with the 80's, sounds lovely. t 6:19 we are starting off with the car fire it is off to the shoulder but it is southbound along 680. >> sunol boulevard causing spectator slowing. 84 is very packed itself. at redwood city, the bayshore freeway has an accident involving a solo spinout but a bus is involved, too. northbound 101 and now is clearing into san francisco along 101 or 280 and it doesn't matter which one. the traffic coming off of the bay bridge is moving along at top speed and we have a big project that will take place through san francisco's presidio affecting muni lines. >>> we lending new details on what is likely to be the biggest purchase of apple. ever. >> the facebook video all but confirming the cupertino company is set to boy a firm known for its pricey headphones. >> a story that made national headlines, a california couple finds hitten gold coins on their rot and you have the chance to find the we buried we hurry in and try our new santa fe chicken quesadillas or the delicious bacon ranch. served

bay valley and the temperatures show 40's around napa and the rest of us in the 50's and the 60's areone. six to 12 degrees cooler tomorrow and another four to eight degrees cooler on saturday and sunday, monday, tuesday and wednesday below average with cloud cover and the rain chance on sunday -- gone. >>> as we take our travels from unioncy to hair we have a new accident involving an overturned vehicle on its side in a ditch and there was a person and a baby inside but it doesn't sound like there are injuries, northbound 880 at dakota road. in san francisco, broadway right now the financial district at battery, an injury crash. muni and traffic is diverted. back to walnut creek, this is a crash involving a jeep and service patrol truck causing a pinch in the traffic stream. >> ahead, seven things to know before you go. stay tuned. >>> as we hand things off to "good morning america" seven things to know: hot temperatures have firefighters on alert. cal fire has added extra fear engines to the rotation four weeks ahead of schedule. last night, contra costa county firefighters knocked

s and breezy this afternoon. we are going to start off in the 50's and we will hit the upper 60's and up more 70's bay and inland by noon and low 70's to mid-80's by 4:00. injury the evening, upper 60's to mid-70. >> our neighbors are getting a quick start to the weekend because the roots are light. >> we have lanes merging and northbound 101 has an accident in that area. if you are traveling 101 up to 280 at hospital curve you could see a dip in the speed but ten minutes gets you from sfo to third and a reduced speed on the lower deck of the bay bridge. >> investigators are trying to determine if a string fire including one this morning are the work of an arsonist. matt keller is in novato. matt? >> this is a very busy night for firefighters sin the fires suspicious and busy for the novato police department with six suspicious fires set in the area overnight night for a total eight suspicious fires over 24 hours. one was set in a garage, in a car, and one living in the whom tried to put out the fire and was taken to the hospital with smoke inhalation much the other fires are grass fires. this is very dangerous

tonight, back in the 40's the inland valleys with low-to-mid 50's elsewhere. igh clouds came in during the overnight and the back inch of those are move through the north bay and the low clouds are under them and they will be more stubborn with the jet stream on top of us, the breezy pattern hangs around today, tomorrow, and a lesser extent on wednesday. by wednesday we are four to six degrees warmer and back to where we should be and thursday we are above average and not like this weekend 70's at the coast and low-to-mid 80's for the rest of us. >> inant crock we -- in antioch we have a third motorcycle accident with lanes blocked and possible injuries. it is involving a big rig so never a good mixture. very happy traffic pulling away from 160 i in the westbound direction you will find speeds are picking up and it slows through pittsburg and improving closer to concord. eastbound 580 another accident involving a smaller vehicle a mini cooper approaching 205 and westbound traffic is heavy there headed out of tracy to dublin. we also have a either would of a tra

we are in the 60's around the bay and the coast but 84 inland and in the upper 80's by 4:00 and 63 atast and mild at 7:00 and 58 at the coast. >> in fremont we had an early overturn accident with an injury and a person is stuck under the car. they got the ambulance there but they are still having trouble getting it out of the road. the northbound 880 ramp to northbound 880 is partly blocked. avoid this area. the road work on 280 extension from king to mariposa is shut down because of the hinge replacement and mike your way over to 80 and 101 and caltran is saying everything is onfinal for opening tomorrow morning at 5:00 a.m. bart and mass transit on holiday or sunday schedule. >> thank you. this morning we have a look at the three bay area college students killed in the deadly rampage at uc santa barbara two living with the suspect, elliott rodger and the third was a visiteddor. all stabbed to death before he went on a shooting spree in isla vista. the victim's bay area friends are reacting. matt keller continues to cover the story from san jose. >> students are here in san jose for

we are in the 40's and 50's and we will jump into the 80's inland and 64 at coast. we will hang out in the low-to-mid 60's with pockets of sunshine today and we will be 78 and 88 around the bay and inland when the heat peaks and the nice weather will spread in the evening and low-to-upper 60's inland. enjoy. >> a show stopper. look at this, we have been showing it all morning and taking turns, and we have reduced visibility over the golden gate bridge and the fog is poring our the hills creating a veil of fog and it is anybody coming in from the north bay. watch out positive that and be careful, we have this stalled vehicle westbound 580, blocking one lane trying to move it to the shoulder and drive time traffic over 588, tracy to dublin is 32 minutes. friday light. highway four is clear and 101 is slowing down, too because of the fog. >> new details this morning on the dog mauling involving a little girl. the father is talking to us about attack and the efforts to save his daughter. amy hollyfield has the story. amy? >> he had to stick his hand in the dog's mouth to

in the mid-to-upper 60's along the coast, a brisk day. low-to-mid 70's downtown and south san francisco and sausalito. low-to-mid 80's through the north bay valleys and the east bay shore mid-to-upper 70's and the east bay valleys and 82 in san ramon and 88 in antioch. 40's in the north bay and the rest of us in the 50's. the cool of the day is monday, another 10 or 15 degrees cooler than today. you can see the slow warming trend next week. >> 680 southbound we have construction with the crews out there wrapping things up as folks make their way to work. southbound side between sick more valley road into this boulevard you will have lanes blocked off and we have clear conditions across 580 and here is a look at drive time track, 25 minutes gets you from tracy to dublin. 101 southbound from san rafael to san francisco is 17 minutes. i will have a picture for you in a second, but first, an interesting sig-alert maybe because of the beautiful weather we have had, in point reyes there is going to be limited glass. fill out before you though th

the s&p up 2% and the russell lagged a bit.er after all the highs we've been hitting lately, up 3/4 of a percent. the ten-year yield continues to move lower, down 6.5%. if you want to put it in those terms in terms of the yield on the ten-year. david darst, here we go. some of this is now technical because of the rebalancing. bob pisani joins us as well, but we're finishing the month with all-time highs in the dow and s&p. >> all-time highs with the trend in the market. by the way, you're seeing some action here. >> this is a rebalancing. >> rebalancing the morgan stanley index. there you go. and they do this on a periodic basis so all you see, the indexes that are world indexes that are -- >> some of these stocks have to be sold and some bought to be able to rebalance. >> nothing to do with the fundamentals as all. just that the weighting could change before the market cap weighted index has been changed throughout the quarter. they get changed going at the close so it's clearly a mechanical thing. the indexes, that you know v

so far some of the data, durables beating expectations. s&p case shiller, beating expectations, consumer confidence in line 83, and the dallas enrichment fed also doing we had well. says business spending is through the roof. over there at rdq, john riding says the leading care of orders is just further gains in manufacturing ahead. finally goldman section says continues to mod rate over the court of 2014. and finally confidence enjoyed a post-winter balance from diminishing weather disruptions and home price gains. let's give you the cnbc rapid update. it's the durable good numbers that factor in. now running mine fwrus 0.53, where a range of positive 0.1 to minus 0.8. there's your big bounce back. 3.6% with a high. that's joe la vornia ticking to it. so tyler, the data doing its part to underpin what's happening in stocks today. big question -- thursday we get the g telephone p number. it's spobed to be negative. question always is, how does the market react when it sees what it's expecting, especially when it's a negative gdp. i think the

. >>> double play, the dow and s&p end the month in record territory. what is next for stocks and bonds? we'll take a look. >>> power portfolio, this week's market monitor has three energy key items that can help, break out your notebook. >>> and why walmart is offering classes to students about life after high school. all that and more on "nightly business report" for friday, may 30th, 2014. >>> good evening, everyone, well, it looks like sell in may and go away didn't quite work out this time. both the simply and dow closed at new record levels today on the last trading day of the month, stocks lower for today following a disappointing surprise on the economic front showing consumer spending in april fell for the first time in years as prices started to inch up. but despite that the bulls persevered. the dow closed at an all-time high, the s&p putting on three and a half points to 19,023, but the nasdaq fell five months, for the months the nasdaq was the best, gaining 3%, the dow up 1%, the s&p rose almost 2%. >>> and despite the strong gains this mon

a smaller percentage of the s&p and when the dow is kind of a distorted index, but the s&p and a variety of the other indices, they don't see the same number of 52-week highs that you've had and an old fogey like me doing this for 50 years you tend to look towards tops or bott tomorrows or turnaround points when you get that non-participation. >> fewer stocks are hitting those highs. >> low volatility that many natives say when the birds stop singing that's the time to be cautious. >> i learned from you, art, by the way, so thanks very much for teaching me. >> jack, are we still going higher here? a lot of people getting sweaty palms? >> how about if i told you not only am i on the side of that trade but i have a feeling we'll see a bit of a meltup over the course of the next few months and let me explain that. if you listen real carefully, and ricky, i hope you're listening, wish i had one of your props right now, you can hear that sucking noise coming out of the bond market which is just sucking in longs and it is a trap. you can see it. it feels it, and it is eerily like a blowoff top

at the coast and low-to-mid 60's around the bay and 70's to the south bay and north bay and inland. tonight, angels are in town and

that will help the summer spread so it will be 60's at the coast and 80's inland. d warming away from the coast. mild are highs are coming at us next week. here is a look at the cloud cover that hasçó not developed into the santa clara valley witholds in it and in the east bay valley. by noon, there could be a little bit punching through the golden gate bridge and haziness along the east bay shore but otherwise the clouds are thickest on the cloud up to 80's inland and 70's and 80's to the south with 80's around los gatos and morgan hill and gilroy and everyone else in the mid-to-upper 70's. 75 at redwood city and cooler and only 66 at millbrae and low 60's along the coast today and mid-60's around downtown and south san francisco and sausalito at 67 and up to bodega bay you drop to 64 and 62 and we will be 78 in petaluma and 83 in napa is the spread and 83 in santa rosa and low-to-mid soviets along the east bay shore and low-to-mid 80's through most of the east bay valley. the highway four corridor is warmer around pittsburg and antioch and those areas. temperature

they got down into the mid-to-upper 60's and the rest of us were in the 50's. live doppler 7 hd showing i have dialed up the wind to show you we have 14 miles per hour at half moon bay and 18 at sfo and 13 at santa rosa and everyone else is pretty light right now. the key, right now, is if you are taking your boat out, watch out because there is a small craft advisory with winds kicking up. pretty the sam thing along the coast and around the bay it will hang around until 2:00 tomorrow morning and along the coast, until at least 8:00 on wednesday morning. we will look, now, at our wind forecast and you can notice from the morning physical -- until now we have not changed. during the afternoon and evening, we have the cold front drawing near and it is pushing the winds more inland so it will be breezy as we head toward the evening hours. now, a look at what the winds are doing to the cud cover, it pushed right up against the coast and starting to peel it back so we will have almost as much sunshine as yesterday at the coast but temperatures are cool, again, at 59

liz: record territory for both the dd the s&p at the moment.hy with the transports, the nasdaq can't quite make it, the russell pulling back today by ten points after a really good day yesterday. let's just keep that in mind. the fight for the world's next billion smartphone users is heating up with an old powerhouse, making a new play in emerging markets. we're talking about blackberry which launched today its new touch screen z3 phone, but they didn't do it here, they did it in indonesia. not expensive. $190. now, look, i say it's not expensive, it sounds cheap compared with prices for high-end phones from apple and samsung, but it's still much more costly than the new $25 firefox phone unveiled by mozilla at the mobile world congress earlier this year. that device may not have the capabilities of an iphone 5s or a galaxy s5, but reviewers were generally impress with the the device. however, even cheaper smartphones could be in the works. the chip maker arm, arm holdings, right? recently predicted we could soon see android devices with a pric

on the peninsula and low 60's along the coast and the clouds are stubborn to mid-60 with more sunshine around downtown and south san francisco and sausalito and 68 and patchy fog and low-to-mid 60's along the not bay beaches and santa rosa and napa at 80 and low-to-mid 70's for the east bay shore but berkeley and richmond are behind in the upper 60 and upper 70's to low 80's throughout the east bay valley. look the at the cloud cover, more extensive with the best chance of drizzle along the coast and the east bay hills. the low is slowly moving away from us and because of that, it will backwash high clouds to the afternoon and look at this, pretty sunny until they come in and overnight much watt drone -- want the green along the coast. the seven-day forecast is warmer tomorrow as the air mass settles and by saturday and sunday 90's around our inland areas and 80 around the bay and soviet -- 70's close to the coast. >> the sig-alert is cleared and has left us with a backup. westbound highway 24 at broadway is where we had an accident involving a motorcycle with injuries involved and the

at the cost and 80's around the bay and possibly 90's inland. >>> we everyone off to a good start without any citizens and we have word there is a brand new crash. but, first, in are pieces ofmental blocking the southbound 680 at highway four. be careful. watch out for the tires. as we continue along 680, into walnut creek, you are at top speeds but if you make it through lafayette along highway 24 to orinda you can see clear conditions and through the tunnel at half speeds through piedmont and oakland. to the eastern span of the bay bridge we have report of an accident blocking the far right lane. as you approach treasure island you will see it and you could see brake lights approaching treasure island. >>> coming up on 6:20. >> mother controversy surrounding the 9/11 museum at ground zero and families say the gift shot is disrespect to their loved ones would love their lives. >> first, the video is going viral, a young bail fan tries to pull a and i know there are many myths out there about a reverse mortgage, so i want you to know the facts. there are currently no c

we are starting mostly in the 50's and 60's where a few 40's along the coast and 70's for the bay and will the coast and mid-80's inland by noon and 80's and 90's and to the cost by 4:00, and it will be mild to warm this evening at mid-80's. >>> oakland police are asking for the public's help to fine a seven year old girl. she is african-american, about 4' talk, 50 pounds, brown eyes and brown hair. oakland police say she was last seen at her home on 73rd avenue at 6:00, wearing a black shirt, blue jeeps and black tennis shoes with no amber alert issues but she is considered at risk because she is only seven. >>> police in richmond are looking for a hit-and-run driver who rammed into a car and left two injured at 9:00 last night. video shows the victims pulled from the crumbled car. the driver ran off left the truck filled with construction materials. >>> a memorial is scheduled for a half moon bay stunt pilot killed in an air show crash. the 77-year-old was flying upside down when the 1944 biplane hit the ground and burst into flames over a week ago. records show he passed a skills t

around the bend, mid-80's youd there north bay valley and along the east bay shore, low-to-mid 70's headed into the east bay valley from 81 in san ramon to 87 in brentwood. clouds rollback in tonight and maybe not so extensive as this morning and temperatures in the low-to-upper 50's. to get above 1,500' between 11:00 and 1:30 to watch the need your shower look to the north the best place to see them. they are not is bright but there is the possibility of seeing manage so head out and make sure you take the coat. temperatures will be warmest on saturday and sunday and cooler on monday and dry all these days. >>> not a bad drive so far this morning, this afternoon is different. the drive from the central valley is looking good with only a minor slowing and the drive times if you are headed out, 80 from albany to the maze and only five minutes and 880 fremont to san jose is 15 minutes and 280 from 101 to cupertino under 15 minutes so looking good. ed san mateo bridge shows high clouds but not affecting visibility on the roads and busy from hair to foster city westbound but, still, moving nic

the s&p up 11 points. nd some of the other secondary averages doing good as well. kelly evans with a stellar panel today. see you tomorrow. kelly. >>> thank you, bill. hi, everybody, and rubble to "closing bell." i'm kelly evans, and you guessed it. it's another record close today for the s&p 500. take a look at how we're finishing the day across wall street. a pretty good session for all the major averages. dow adding 70 points here at the end. just under half a percent. the nasdaq, the strongest performer again of 1.2 or more than 50 points there at the bell and the s&p 500, finally that's the one we just set a record close at 1900 on friday. today, 1911. up 6/10 of 1%. joining me now to help make sense of it all is today's panel. david seymour from cowan and company and michael yosikami, our very own kate kelly and our contributor friend anthony scaramucci and it looks like history is bearing itself out because quite commonly when you get one record close it's followed by another. i guess the question is

we did hold the 50 day moving average in the s&p 500. so i think that's significant, however you are seeing like you said the russell and the nasdaq particularly being a much weaker than the overall market. so i think that will ultimately put further pressure on the s&p and possibly break through that 50 day moving edge where we would see short-term probably a pretty significant pickup with volatility expectations. > > dan, always a pleasure, thank you. > > thanks angie. that is the end of the line for us today... coming up next week.. outlet malls are hotter than ever. how those discount stores are attrating shoppers from overseas. we'll see you back here on monday. from all of us at first business... have a great weekend. >> male announcer: the following is a paid presentation for 10 minute trainer, brought to you by beachbody. >> as a new mom, it was hard for me to find time to work out. >> i have my career as a police officer and, also, as an army officer. >> with the restaurant, i wear a lot of hats. >> hey, i know you're busy. >> th

tonight, notice most of us are back in the 50's after being in the 60's this morning, and even napa, he cool spot, at 48 degrees. here is what is happening, you can see the high pressure slowly oozing off to the east and it will still hang around for the last afternoon, but look at the bowl of cold air on left side of the screen, the trough that is getting deeper, that is coming in tomorrow and that will induce the sea breeze and look what happens in the seven-day forecast: friday, about six to 12 degrees cooler, warmer-than-average in parts of the bay and inland and back to average when we drop another four to eight degrees on saturday, and slightly below average on sunday, monday, tuesday, and wednesday, and pretty nice to be outside but for the coast, where it will be breezy and cool. the chance of rain we were talking about sunday night is not looking impressive so, still not putting it in the forecast. one more day, though, and it is almost over. >> cheryl wants the 60's back, already. >> i love the coolness. >> just want to make sure your air conditioning and car are running oka

in the 50's. tomorrow, the same as today.90's are holding this weekend with 80's around the bay and around 70 at the coast. >>> a bummer of a commute from pleasanton down the sunol grade. this was an early gravel spill. caltran is saying they are still not on the scene. a lot of folks are not happy. seven miles of backup southbound 680 with speeds of 35 but grinding to 25 and less because of the gravel and dirt spill. no at -- alternate. southbound 280, six to 101 closes tone at 9:00 p.m. the best alternate is to take 3rd to chavez or make your way over to 80101 -- over to >> ahead, seven things to know before you go. >>> the only returns in 90 seconds >>> whether you are just joining us or headed out the door, number one, scientists are headed to half moon bay after a baby humpback washed on the rocks at an r.v. park. this is a picture from the crew. no word on how it died. we have seen it float back out to sea the last hour. >> two, a 25-year-old is safe after escaping a man who kidnapped her 10 years ago. she has a child w

be appropriate i want to clarify all at&t is seeking through the appeals is to ask the city follow the s m f order and the basic process that the city set up and agreed two >> i have a question i keep on repeating and repeating and repeating the same thing and you said they've that expended past the point but in this case your own box walk took one hundred and 10 days later. that's simply a gungs when the department scheduled the hearing so when the department by state law has to act within 10 days of an objection schedule a hearing within 60 days so after the department sets a hearing on the objections that will schedule a box walk that's contemplated by the mou and meet with the objectors and attempt to identify alternative locations that we are prefer able to the community the delay does not come with the at&t it is for the department sets the hearings one hundred and 50 days after we notice that's the chocolate hold no, the process >> could you put the picture back on the orderly with regards to the location. >> i'll put the big one. >> can you show me specifically where this is the

the s&p is in record territory. eed 25 points now for the dow to be at an all-time high. >> all that despite a weaker gdp print than expected. preem bullish on the story for the second quarter though. >>> when we come back the war on cancer taking center stage at a big conference in chicago tomorrow. we'll give you an inside look at the latest developments in cancer drug research and development. a growing market there. >>> and a fun story. we want your help on this one, what do you think about one of the freakonomics. listen. >> you find that the experts, the people that we most revere, people that we pay the most, are generally about as good as a monkey with a dart board. >> they're talking about stock pickers. >> ouch. >> coming out with the old ad e adage, you might as well take a trained monkey with a dart board and pick stocks that way. they would do just as well -- >> don't ask us because we can only buy etfs and mutual funds. but we want to hear what you think. tweet us at cnbc closing bell. would a monkey be

s for not of the peninsula and redwood city is 75 and low 60's along the coast to mid-70's in downtown and south san francisco and sausalito is 67 and home 60's around bodega bay and temperatures in the mid-70's to low 80's in the north bay valley and at the shoreline, richmond and berkeley and hayward, upper 60's and low-to-mid 70's for the rest of east bay and inhand valley, low-to-mid 80's. tonight we are dropping back into the 50's in most area, with 40's inland. amanda is weakening and will continue to do so as she headed toward the land. it is a rough situation with the waves all the way to cabo. cooler weather and more cloud cover for next saturday and sunday. sue? >> we start off with good news, the 280 extension has reopened and traffic getting by with a shot that says 280 near mariposa with only a few cars coming law and southbound is moving just fine with for delays and northbound is looking good, too. golden gate bridge is looking really good, with no fog here and everyone is moving at the limit and we have slow traffic at the bay bridge, and the metering lights were on at

the nasdaq up a half percent. 21-point gain there. s&p a third of a% at 1899, and the russell reversing some recent losses, up about nine points right now. >> you know how i love the transports. >> you are a transport kind of girl. >> i love the rails the yield is 2.534%. our list of stocks that are moving big today starts with hewlett-packard. pup 6.75. gamestop is up. tripadviser, discovery communications and garmin also having significant percentage gains in today's trading day. garmin up about 2.3. >> sue mentioned the russell and today's big gain there. dominic chu has more on the debate regarding the small caps. dom? >> they are such a hot topic, this idea that the small caps may be leading the market. again with the small-cap stocks, they are showing some outperformance, but we wanted to at least respond to some of these questions about whether or not there are still valuing in the russell. we ran a screen about where to find some stocks that may be worth taking a look at. first, you look at the russell still done 3.5%. we've see

it means the s&p 500 can keep rallying from here. the time to start worrying is when the vix pops and then rather than returning to its previous lows, it starts includinging along at a higher level. that was 2007. includingly we haven't seen that pattern. however, there are other volatility indices. the v how about a different bench mark that has a lot more worry to it? the russell 2000. that contains 2,000 of our smallest publicly held company. let's take a look at this. this is not pretty. guess what, there is a volatility index. we call it the rvx. it works like the vix except it tracks the russell 2000. sebastian really does not like what he's seeing in the rvx. take a look at this pair of charts showing the rils 2000 and the rvx. sure enough the behavior looks exactly like the bad era, the vix circa 2007. rather than going back to the previous lows, it only pulled back to about 18. see this? this is not good. pull back. you have to see, look at these numbers. 18. sebastian views this as a red flag for the russell 2000. and if the

the latest s&p case-shiller number showing u.s. me prices rose slightly month over month. 19 of the 20 cities showed positive returns in march. on the cnbc news line is robert shiller, co-founder of the case-shiller index, nobel laureate and professor the economics at yale university. good to have you with us again this time i think from korea? >> yeah. i'm in seoul. >> good to have you. interesting report, you used the word substantial slowdowns in price gains. and the easy takeaway is that the housing market is losing momentum. how much of this is due to the fact that comps are getting tougher year over year. >> well, i don't know exactly know why the numbers -- you know, it's not a big slowdown. the year over year is still up 12.4%. you know, i'm a little puzzled by it because -- but it isn't a big change. mortgage rates are down. and that ought to be spruring the market a little bit. but we don't see a big -- it's not a big change this month. the market is still on the up, at least looking at price data, you know, there's always

at the coast to 80's, extreme inland and no 80's to the south as warm as we get and los gatos is 78 and santa cruz clouds and 67 and san jose is 75 and redwood city south low-to-mid 70's and mid-to-upper 60's around millbrae and brick along the coast with temperatures in the upper 50's with cloud cover all day and low 60's with barely sunshine in south san francisco and sausalito at 63 and low-to-mid 70's up to the north bay wine country and long the east bay shore, mid-60's and possibly 70 in fremont and castro valley and hurricane -- and hercules. we could make it to 80 the only spot in the bay area that is possible other than driving your car over asphalt. game forecast tonight, look at this, we go partly cloudy to cloudy at 59 and down to 55 degrees as the angels are in town. here is the seven-day forecast, you can see tomorrow is the same as today and maybe a little bit warmer on sunday and temperatures will remain steady monday, tuesday, wednesday, thursday of next week. have a great week. what did you have? >> construction. a stalled trailer. i h

any positive closes at a new all-time high, the s&p iffy. a fraction at this point. >> is it deja vu all over again in silicon valley? there's more talk we're in the throes of another tech bubble, but is this anything like 1999? a special report coming up. we'll talk to some top market pros about how to avoid getting burned this time around. >> plus, when warren buffett looks, stocks jump, we know that, so is kellogg on warren buffett's shopping list right now. some wall street pros think so. the options market has been going crazy. a look at what buffet could be up to when we come back. cars are driven by people. they're why we innovate. they're who we protect. they're why we make life less complicated. it's about people. we are volvo of sweden. over 1.2 billion eyeballs are on us during the two weeks at wimbledon. true tennis fans want to know what's happening, they don't want to just see what's happening, they want to know and understand why it's happening. anybody can just put data up, but we want to get a reaction, make it far more inter

>> because a lot of people are saying underweighted apple. 3% over the s&p. if you're one of a closet indexer you got to buy it back. underweight before. >> 621. see the nice chart. right? the way that apple looks lately, pete? >> absolutely no doubt. >> the show-me story maybe was what they're going to do with their balance sheet rather than maybe more than the iphone? the next generation. >> and non-fundamental issue, they're going to split. everybody wants to be ahead of it. you know as an investor, to me it's nothing. all of a sudden -- >> and potential of going into indexes. joe's talked about this a couple times. still have to innovate. right? that's part of what we're waiting for and whether at the worldwide developers conference or actually happen in september, likely. >> that and the gross margin issue. gross margin people will focus on. like cisco, you saw the gross margins coming down, down over time. positive cash flow, great balance sheet, but people will sell the stock. >> i keep thinking of carl icahn, a $630 stock. okay? when he officially got