a good report for united technologies. we are economically sensitive stocks, freeport, it hasn't been great in copper all year, but freeport had a decent report coming off the lows of a few weeks ago. dupont, also sort of good enough, not great report overall. you see them all to the upside. we may even be in for more good news in the third quarter, because so far, let's take a, the companies are not dropping the stills for the third quarter. s&p 500 in the third quarter, up 5.6%. that's the earnings estimate so far. on july 1st, it was up 6%. it's a small decline considering it drops more than that. my point, ceos are promising that things will be better in the second half of the year. dupont came out and said that today. united technologies, illinois tool works, that's a major reason the market's holding up so well. another major reason is there's a lot of money on the sidelines. take a look at what happened to bond outflows in june. $60 billion in outflows in bonds, and only $7 billion in inflows into stocks. where's al

we have components out, travelers and united technologies.looks like that company came in with better than expected numbers for $2 per share. the street had been expecting. i believe the revenue is a little lighter than the street had anticipated. this is continuing something that we've seen over several quarters at this point. they did have lower catastrophic losses. the number of events i believe there were a greater number of events. they cost the company less in each of these situations. they also have been in a situation where they have higher underlying underwriting margins. gives you a much higher margin. maybe that's why you look at the revenue not being what the street had expected. again, that's a dow component it is indicated higher by 2.7%. those favorable trends for this company have been continuing for some time. >> do you remember buffet after the katrina year of hurricanes? he made money the next three or four years. >> you don't write silly insurance things that wash it all out. >> regardless of what al gore or people say, yo

thank united technologies and all the terrific people at united technologies for sponsoring this get together. i want to think it c-span for covering this. we will have several more of these this year and next year. thank you all by a coming. when in doubt, read the directions. as a reminder, we would love to hear your thoughts and feedback on the event and would encourage you to allow the event of surveys placed on your street -- steep pierre did you make of this to any member of the national journal team. thank you. [applause] [captioning performed by national captioning institute] >> this week, president obama begins a two-month series of speeches across the country focusing on the economy and jobs. today he speaks at knox college in galesburg, ill., where he spoke as a freshman senator. live coverage starts at 12:50 p.m. eastern. >> live coverage -- that role of the first lady become the confident, really the only one he can trust. so he unloads to her, talks to her. they have all done that. they are all strong women. i would say that is their main role, confidante to the preside

ge, united technology. those were strong earnings. when you get into the pharmaceutical space everybody says defensive. these are not defensive names. they're growth names. >> i have a question here. you both are working in the options market and seeing all these signs of bullishness and financials and industrials and so on. you look at the same markets and come away bearish. >> when i see a large call buy or something usually someone is selling stock against it. i don't exactly know what is going on. sometimes some of the smart guys at these levels are buying calls and replacing long stock. they're defining their risk at this point. >> they don't want to miss out on upside? >> have your exposure where you want it but trade around the positions whether you do it pete's way or dan's way. >> some of the most aggressive options we been seeing is buying up side calls and selling downside puts. you're willing to take that stock at that price but you think it's going higher. >> that's why the sell side is always limited to roughly five to s

you can't beat what is going on with united technologies.rising the lower end of its guidance. strong execution overall and commercial engine spare orders up 15%. that's organic. that's not acusitions. that's organic growth overall. aerospace division and commercial spare orders up 4%. that's pretty good. not just aerospace. otis, 23% up orders. this is elevators, this is not aerospace. climate controls and security. 6%. organic growth. organic, not acusitions overall. you can't argue with aerospace rally. 264 versus 2.20. rarely that kind of big miss from the analysts on the upside. just doesn't happen that much. full year eps in revenue was raised overall, that was pretty terrific. didn't take, didn't stop, though, ceos from making promises. despite the fact that we had good earnings from lockheed and good earnings overall here from united technologies. most of the other companies flat revenues. they're all promising, three big companies promised it would get better in the second half of the year. utx. ongoing orders. this is the ceo well

. >>> and dow member united technologies hitting new all-time highs today.the industrial giant reporting better than expected results, raising the lower end of its full-year forecast. right now the shares are up 2.66%. different story for traveler, the biggest loser in the dow, beating bottom line estimates and missing revenue forecasts and it's down better than 3%. altria shares down by 2.5%. the tobacco producer missing top and bottom line estimates. however, the company is raising its lower end of its full-year guidance. ty? >> all right. a stock i always like to talk about, her is his, sue, hitting a new all-time high. let's take a look. $93.60. citi adding it saying hershey's showing strength through its deep portfolio of brand, deep dark chocolate portfolio. raising hershey estimates and earnings estimates as well as the company's share price target to 110 from 100. the stock is up 30% this year. that's a lot of almonds, baby. wendy's bringing moment bacon in the second quarter, making plans now to sell 425 restaurants to franchisees. the stock booming

united technologies rose to $105. >>> dupont touched a new high after profits came in above but revenues shy. dupont is exploring for the chemicals unit. shares dwindled as investors sold off at twice the volume. closed at 57.12. >>> some at&t, the dow component reported higher revenues than expected as it added more than half a million wireless subscribers but profits slid 2% as operating expenses jumped. shares were slightly higher closing at 35.81 6r7b8g. >>> travelers said it would cut prices and costs to maintain margins. despite profits well above they lost interest in the stock and travelers closed down nearly 3% on triple the usual volume 82.21 the close. >>> ups warned last week the cfo said results were below expectation because a disappointing performance in freight forwarding. ups does expect growth in earnings. shares dropped a dime on the day at 87.51, down a fraction. >>> netflix shares fell 4.5% today. investors got a chance to react on news we told you about last night that quarterly earnings were better than expected but new subscribers came in lower than analyst estima

so united technologies led the dow and it put up spectacular numbers. why? because it makes aircraft components and aerospace is in total bull market mode. there simply aren't enough parts out there to meet the demand from the big aerospace companies, so united technologies is able to raise prices on its products and have bigger margins because the raw costs for its materials are going in the right direction. talk about a virtuous circle. but what wasn't working today in the dow? what was the worst? travelers. the fabulous insurance company. this one's a textbook case of the perils of competition. the stock was soaring all morning after that great number was reported until our own mary thompson broke in on "squawk on the street" and said hold it, travelers needs to compete on price to get business, particularly car insurance. >> the house of pain. >> talk about what i don't want to hear. competition is the bane of profits. i like bountiful oligopolies like the airlines, the rental car companies, and of course the rails! >> all aboard. >> i like beautiful duo

they think ex perpts can reach 30% of total sales, united technology says it could account for half. competing for multi billion-dollar jet fighter contracts in brazil and south korea but deloit says they are transitioning to more affordable high tech, software and sensors rather than ships and tanks, even so, but where. the last quarter nearly every major defense company beat expectations and some even raised guidance. for "nightly business report," i'm jane wells. >>> coming up on the program, we'll check out what might be in store for stocks and bonds, but first, oil right at the psychological 100-dollar level. an expensive quarter in the oil business and what could it mean at the gas pump? the outlook coming up next. >>> oil prices have been hoovering around $100 a barrel for sometime now and gasoline prices are around $3.50 but with summer driving and hurricane season upon us, and tensions rising in the middle east, it's worth watching the enneergy pat in this quarter. >> reporter: where is what to watch for in the quarter ahead. a record level of supply and the supply may grow

names like travelers and united technologies have had some moves.ontinuing to watch names like netflix. the u.s. dollar has changed direction. gold has pulled back since yesterday. the major market averages are mixed at the moment. back to you. connell: what about bonds? our first guest has some very clear advice. sell them. sell them right now. with us from chicago is the vice chairman of ariel investments. we like clarity. >> if you look back at the history, if you go back to the 1800s, we have only had one period of time where interest rates were lower than where they have been recently. obviously, interest rates have gone up to 2.5%. interest rates have been artificially suppressed by the fed. that is going to come to an end. it will come to an end, i think, in september. it will continue to slow down next year. interest rates will go up to their natural level. connell: a very clear message. you have to prepare yourself for the environment. what about other, you know, maturities? are there other areas that you do get involved in or just forget i

i want to thank united technologies and all the terrific people at united technologies for sponsoring this get together. i want to thank c-span for covering this. we will have several more of these this year and next year. holdk you all for coming. on. when in doubt, read the directions. as a reminder, we would love to hear your thoughts and feedback on the event and would encourage you to fill out the event of surveys placed on your street -- steep pierre did you make of this to any member of the national journal team. thank you. president obama will be speaking in tennessee to talk about the economy. he will go to capitol hill to speak with congressional democrats. his recent speeches began last week at knox college in illinois. over the next few minutes, you would hear a little what he said there followed i remarks from mitch mcconnell. >>so we've got to do something about college costs. families and taxpayers can't just keep paying more and more into an undisciplined system. we've got to get a better bang for our buck. [applause] so states have to do their part by prioritizing hig

we also have united technologies. that is the third one we are continuing to follow very closely. those are some hot stocks to watch in the dow jones industrials. adam: thank you very much. another bellwether name reporting today is ups. customers chose cheaper and slower shipping options. have customers given us a clue about the global and u.s. economic recovery? we will take that to benjamin hartford. are these earnings a statement about what will happen? >> i think what we have seen, you know, ups spoiled the fun so to speak about ten days ago when they preannounce earnings. the transports have said what the broader industrials have said. i think expectations are being reset here. it is still very much to be determined. that is what we have our eyes closely on. adam: they were in negative territory. for the most part, volume was of. the margins may be tighter because it is cheaper shipping. >> we are not seeing out and out volume contraction. we are seeing the trajectory of growth lowered. we are not seeing contracting growth. that is a positive. i think these transport stocks

voted in favor of the bill now defense and intelligence firms such as lockheed martin boeing united technologies and honeywell international they donated on average forty one thousand six hundred thirty five dollars to representative while pro a mosh amendment representatives received on average less than one hundred thousand dollars from those firms and the defense companies are not fans of representative a mosque himself he ranked in the bottom fifty for the two year period and only received fourteen hundred dollars now of the top ten moneymakers only one house member voted to end the program now the investigation shows that defense cash was a better predictor of the members votes on the emotion moment and the party affiliation and the money don't both in dollars and in votes for archie. moving on to the fate of bradley manning one day after a judge convicted manning of violating the espionage act charges that carry a maximum of one hundred thirty six years in prison the sentencing phase of the trial begins today last night supporters of bradley manning took to the streets of washington d.c. m

voted in favor of the bill now defense and intelligence firms such as lockheed martin boeing united technologies and honeywell international they donated on average forty one thousand six hundred thirty five dollars to anti emotional presented of wall pro emotional moment representatives received on average less than one hundred thousand dollars from those firms and the defense companies are not fans of representative emotions self he ranked in the bottom fifty for the two year period and only received fourteen hundred dollars now of the top ten moneymakers only one house member voted to end the program now the investigation shows that defense cash was a better predictor of the members votes on the emotional moment and the party affiliation and the money don't lie both in dollars and in votes for r.t. i marinated. staying on the issue of privacy on tuesday the fifth circuit court of appeals ruled that law enforcement doesn't need a warrant to collect your cellphone location information cell phone towers can track the location of your cell phone in the us the location of you and this information

an upbeat forecast from united technologies. nasdaq dropped 21. the cupertino's company growth is slowing. revenue was flat compared to a year ago. analysts expect apple will release a new apple or i pad in october or september. sales were up 35% to $435 and change. >>> crime scene tape marks a spot where a pedestrian was hit hit and killed. >> after >>> it was the moment royal watchers around the world had been waiting for. the duke and dutchess of cambridge walked out of a hospital to show off their new baby boy. >> he's a big boy, he's quite heavy. but we're still working on a name. >> prince william joked with the crowd saying that he is thankful that the baby has his wife's good looks. as for changing diapers, the new father says he has already done that. we'll have reaction from the parents and grandparents at 10:45. >>> california supreme court has denied the latest request for top same-sex marriages. the san diego county clerk filed a motion last week asking for a stay while the court took up certain legal issues. one of those issues was w

boeing and united technology would be gifts if they pulled back. basically, i can't believe we are making money, i can't believe we are making money. you know what else? i would not wait. i would buy them now if the market were open. the banks pulled back because they too had a big run. people are thinking that higher rates are spelling the end of the economy. but they expect higher rates. banks are another channel to be tuned to if they come down anymore. put those stations on, they have good programming. same with oils. we have to see the earnings and the co-hort traded lately into the numbers. stock tv changes rapidly. we saw natural gas trading. cabot oil and gas, i would after this rally, get out and rotate back. we have some standouts. under armour. baltimore's own. shot the lights out with the new footwear technology. and it exploded higher. $7.55 higher to be specific. you want fickle? the other shoes, crocs, that was in bull market. there's a lot of split personalities in semis. qualcomm doesn't make up for yesterday's hideous broadcom, i'

an upbeat forecast from united technologies. nasdaq dropped 21. the cupertino's company growth is slowing. revenue was flat compared to a year ago. analysts expect apple will release a new apple or i pad in october or september. sales were up 35% to $435 and change. >>> crime scene tape marks a spot where a pedestrian was hit hit and killed. >> after a cloudy and muggy day, temperatures head down. >> all of the windows broken out, doors kicked in. >> what students are expected to do now. >>> it was the moment royal watchers around the world had been waiting for. the duke and dutchess of cambridge walked out of a hospital to show off their new baby boy. >> he's a big boy, he's quite heavy. but we're still working on a name. >> prince william joked with the crowd saying that he is thankful that the baby has his wife's good looks. as for changing diapers, the new father says he has already done that. we'll have reaction from the parents and grandparents at 10:45. >>> california supreme court has denied the latest request for top same-sex marriages. t

united technologies up 25%. 3 communications up 21% and another aerospace player with significant defense department is trading up since 2008. all of which has got to make you wonder about the pundits and talking heads that told you to dump all defense at the beginning of the year. it was supposed to wreck this group but the defense stocks caught fire. let me mention one more. one of my absolute favorites in the space. and that stock is northrup grumman. just hit another new all time high in the wake of a terrific rally over the last three weeks. it cuts to the heart of the defense stocks, why they're roaring nonstop despite government mandated take backs that were supposed to wreck the industry. bob lang is the founder and senior strategist of explosiveoptions.net and as well as being my colleague. remember lang has a hot hand right now. four weeks ago he told us it was time to buy the regional banks, have you seen them? a sentiment i hardly agree with. that stock seems unstoppable. what the heck is going on. t

the top five gainers in the dow today, all with pretty good percentage gains with intel and united technologies gaini ining strength today. ♪ ♪ unh ♪ ♪ hey! ♪ ♪ let's go! ♪ [ male announcer ] you can choose to blend in. ♪ ♪ yeah! yeah! yeah! or you can choose to blend out. ♪ oh, yeah-eah! ♪ the all-new 2014 lexus is. it's your move. >>> in fact, is there a bubble in any kind of financial asset? these are some of the most important questions investors are debating right now, and these are questions we'll put to our panelists. >>> it's higher in today's session about 3 and a quarter percent. raising its dividend to 69 cents a share. bertha coombs has the latest on oil itself. >> well, sue, they are selling the front end of the crude curve here after surging above $107 a barrel, a fresh 15-month high. today is really giving a lot of that back and feeling a lot of pressure. interestingly, this morning, the iea put out its monthly reports and they warned the bulls and said, you should really be alarmed about this move up as you look out to 2014. the big move up in non opec production. the shale boom

that makes suppliers like honeywell, precision cast parts, united technologies, terrific buys, but no one picked up that news story. how about the amazing retreat in the grains complex? i couldn't pick up a piece hearing how inflation was going to raise the disastrous corn prices and how high the prices are. the ethanol industry was bidding this stuff up. even further, now what's happening? corn is getting hammered. corn is the lowest on the food chain. doesn't the decline in the cost of corn mean anything to anybody? we don't care when it goes down, only when it goes higher? how can that be? the federal reserve can only get away with the huge balance sheet because there isn't a lot of inflation. so when we see something noninflationary like the key foodstuff in our chain, it should be symmetric. we should talk about that. sure, housing could get weaker. mortgage rates did go higher after all. i bet some people wanted to take action and failed to do so in time. now they must feel left out. that doesn't mean there haven't been buyers or mean that those who are finally above water can s

china, and other emerging markets continue to be weak while other companies such as ge and united technologies saw strength in emerging markets so that will be a theme to watch. what sort of comments and performance are we seeing from companies in china and other emerging markets? >> possible at the mar egyptian, all the problems we've been seeing in places like china and turkey and egypt and everywhere else. is it possible that that is actually benefiting us, that we look better by comparison? >> certainly makes the u.s. look better by comparison, without a doubt, and it's been driving down input prices and that should be beneficial for margins unless you're someone like alcoa today, and aside from that it has been driving down basic metals. it's been driving down energy prices. >> that's a tailwind for our economy. >> you mentioned bottom line, let's bottom line this segment. you don't believe that there's that much of a risk of a giant summer swoon a la 2009, 2010, 2011, you see where i'm going here? >> i see where you're going. >> the bias is to the upside. >> gina, thank you very much. jo

you can grade the economy on caterpillar, but how can you explain the strength in united technology,merson electric? you can say that semis must be in weakness because broadcom until you heard qualcomm tonight say all it will right thing. interest rates should be higher and we know from experience when rates take off, they do hurt stocks. the profit taking we saw today, it's because companies are doing so much better than we thought. and that means rates could, indeed, head a little bit higher. so until they stop, you can worry -- you can worry for the moment that we've got too much of a good thing going. and after the run we've had, stocks right now, right here just aren't ready yet for the interest rate climb to resume once again. i need to go to don in florida. don? >> caller: hey, jim, thank you for taking my call. >> my pleasure, don. >> caller: my question's on home depot. right now, housing is on the rise and particularly in the northeast because of hurricane sandy where thousands of homes were destroyed. home depot is marketing a new wood in that area that's fireproof and mol

united technologies, both of them up big. know that somebody is making money. you said that there is economic news that stall the stock market. charles: number is down 11, and capacity utilization all down, performance is flat, slower than the june pace that six months out. that little bit of the blue market. stuart: that goes with the view that in the second quarter april through june, the economy grew less than 2%. charles: six months of bothers me, everyone was enthusiastic about everything. jobless recovery, oxymoron like. stuart: stuart: we have been here before. going to be just fine in fall and winter, every year disappointment. charles: ceos tell us the 7 have is better than a first. stuart: the market chief rallying because ben will keep printing. charles: dupont, latin american sales of 8% x currency, that was driving these. stuart: latin america is not that big a market. this is for you. got to listen to this. how is this for a question? what the fines being rich? according to swiss bank there is now an answer. inv

united technologies, exxon, new highs across the board.stocks we want to shoi you, for-profit education companies, number one apollo group and a thumbs up on accreditation and bridgepoint. here is one way to stop the keystone pipeline, build a wind farm in its path. one group is pushing that to literally block the pipeline. meet a young entrepreneur who dropped out of school in the 8th grade, joined the military and now runs a multi-billion dollar business with employees. he's 29-- no, 27 years old. he's here in our next hour. the government's own bean counters have found $107 billion worth of bogus and excessive payments for 2012 and they're still counting. more waste still to be reported. that is taxpayer money wasted by the president's ever expanding government bureaucracy. here is my take. neither you, nor i, should be surprised. for years, we've been bombarded with news of government waste, fraud, gross inefficiency. who could forget the shrimp on a treadmill. surprised? no, outraged, as this president expand government so does the op

united technologies really helped the dow jones industrials average today. strong in aerospace.ois tool works was a bit of a disappointment. two cents lighter. they said things would be better in the second half of the year. material stocks. dupont fair, not great. light on the revenues. ended on the downsideme mentdow. tough time for copper, but a nice beat overall. they came off the lows of a couple of weeks ago. why are we at new highs? people keep bucking me about this. there's a bunch of reasons, but it's obvious. record earnings. mr. bernanke has been dovish. the second-half improvement is expected right now. and china talking this morning -- or this evening about 7% growth being the bottom line there. finally, look at coleman over at dupont. look what she had to say. this is the reason the markets are holding up here. we anticipate sec half earnings will be significantly better than last year's second half. guys, that's what's motivating stocks, the second half. back to you. >> all right, thank you. >>> music for the earnings parade has begun. seema, wall street is lookin

we like united technologies, precision cast parts or honeywell.ink it's a long multiyear cycle and we think all four stocks will go quite well. >> you're not concerned this dreamliner story and some of the fallout for some of the suppliers, honeywell, et cetera, it doesn't bug you at all? >> no, it doesn't. the technology going into these new airplanes, the 787 in particular, is extremely complex. it actually plays to our advantage given the fact that this is a duopoly structure. so you do expect with a new aircraft some bumps in the road, but we think longer term you look through the noise and you see great cash flows being generated by boeing and its suppliers over the next few years. >> you like wireless infrastructure as well which is interesting. cisco has had a great run. some of its peers have not. juniper is the obvious lag to a cisco win. >> yes. well, not necessarily. we think there's going to be an inflection point or an acceleration in wireless infrastructure spending in the second half of this year. cisco is a great way to play it. it

look at united technologies. the companies had decent revenue growth. look at autos. ford. gm. board warner. a lot of companies there. commercial construction doing well. the consumer. look at starbucks. look at chipotle. so i think that you kind of can't make this blanket statement like earnings are just not good. you have to look underneath the surface, and there are quite a few sectors that are doing better than it appears. i would say the only area that's a little bit of change is housing where we've had mixed reviews there. and that could take a pause, just given where the back up in rates and what's happening there. but i still think longer term, you look for your opportunities in the housing sector. >> so is that why we keep seeing this market wanting to go up, that at the end of the day, no matter where we are, you see buyers coming in? steve sacks, is what we're seeing this earnings season enough to keep this market elevated? >> you know, i think so. stephanie made a great point that the revenue we're seeing, while if you look at it from a blanket perspective, it's not

first of all, i want to thank united technology and greg and marty and the terrific people at united technologies for response or soing this -- sponsoring together. "national journal" -- i want to thank c-span for covering this. we are going to have several more of these this year and next year. thank you for coming. we have an exciting year -- oh, hang on a second. i'm told -- oh. when in doubt, read the directions. as a reminder we would love to hear your thoughts and feedback on the event and encourage you to fill out the event surveys that were placed on your seat. you may give the completed survey to any member of the nawcial "national journal" team. thank you again. >>> and the u.s. senate about ready to gavel in this morning. senators will begin the day with general speeches in about an hour resume debate on spending for next year's budget for transportation, housing, and community development programs. senators considering a number of amendments and votes could happen throughout the day. also, awaiting action in the senate federal student loan rates, the subsidized rate double

in the s&p, some movers that hit record highs in today's session include united technologies, 3m, and danaher, around the high end of its range. kroger touching a record high, s agreeing to buy harris. and new 52-week highs include cisco. back to you. >> about 50 minutes to go before the closing bell. we'll keep an eye on the markets. bill, it's interesting we've seen the strong dollar emerge as a theme, as well as multiyear lows for the euro. we've seen bond yields behave in this way, correlated to the stronger dollar and the yields, and that will be something to watch tomorrow. >> the three-year note auction today. the yield today was double what it was a month ago. >> right. a month ago. >> unbelievable. a couple of weeks ago on this program, we told you about a new company that's helping individual investors use the same kind off algorhymic tradin. now they'll be here to defend it. >>> and also, another day and another costly delay for obamacare. this time, fines for cigarette smokers are facing a speed bump. and if you think the earlier delay of the employer mandate changed what

i wanted to thank united marty ogies and greg and and all of the terrific people at united technologies for get-together and national journal. covering this. we'll have several more of these through this year and next year. thank you all for coming. we've got an exciting year -- whoa, hang on a second. i'm told -- oh -- when in doubt, the directionings -- as a reminder, we would love to hear your thoughts and feedback on the event. encourage you to fill out the event surveys that were placed on your seat. completed e your surveys to any member of the "in aingsal journal" team, thank you again. we go. thank you. [ applause ] >> on wednesday, orrin hatch of inh up bake the 11th senator u.s. history to cast 13,000 vote unless the senate. the list is robert byrd of west virginia with more than 18,600. strom thurmond of south carolina with over 16,300. active senator with more votes than senator hatch is vermont.leahy of on reaching the milestone, senate leaders took a moment to mark the occasion. now, mr. president, on calling orrin hatch. orrinxt vote cast will be vote.s 13,000th 13,000 a

united technologies for sponsoring this together. the national journal, c-span for covering this. we are going to have several more of these this year and next year. thank you all for coming. we have an exciting year. hang on a second. i am told -- zero, when in doubt read the directions. as a reminder we would love to your your thoughts and feedback on the event and encourage you to fill up the event's survey that was placed on your seat. you may give your completed surveys to any member of the national journal team. thank you again. there we go. thank you. >> in a few moments a hearing with president obama's two nominees to the national labor relations board regional less than two hours a house judiciary subcommittee looks at a deal with children who were brought into the u.s. illegally. and then the preview of the 2014 midterm election. >> interestingly the war in the sense help the south korean unify themselves in a way that was not there before. when the communists came down there were brutal. a lot of the south koreans turned a

being led by united technology, american express, p&g is in the green three on the other side, we haves and intel, like this today. overall a pretty good day for the market. nicole petallides is at the new york stock exchange with the latest. >> reporter: thanks. taking a look catamarca's. lots of green on the screen. also watching key levels in the s&p 500. traders, keep a close eye on the 50 day moving average. we'll take tough the new month, new court. here, as well. right now you have seen we have come off of eyes. we talk about what we saw earlier. it puts the s&p up to the 50 day moving average. the bulls up there would like to @%osed. that does that seem to be doing that much. 1623 to 1626. also, new rules, the ipo we tossed about -- talked about last week. it was priced in the range of 15 to 70. soared on friday. here it is again soaring even more, up six and a half%. what an ipo. think about being priced at $18. it went to $40.69 per share. directly in the casual dining. back to you. ashley: thank you very much. breaking news. starting off. back toward the hundred dollar level

united technologies, cisco, boeing, 3 m, exxon, hitting new 52-week highs and hey, good for you guysnk, california, boy scouts. >> beautiful downtown burbank. do they get the new york stock exchange badge? tracy: that is cool field trip. >> thanks, guys. ashley: thanks, guys. tracy: boy scouts -- ashley: investors of the future. tracy: i thought they pitched tents and collect bugs? no. ashley: could try that at the new york stock exchange. you never know. tracy: oil prices pulling back, more than 1% but still holding above that $104 a barrel mark. price futures phil flynn in the cme. phil, we're starting to see this at the pump. gas prices are going up. did crude go up too far too fast? >> i think so. we're hearing in a lot of local cash markets in the chicago cbob market they're all rising. a lot has to do with price of oil and a slew of refining issues. interestingly enough we do have a story today from genscape the energy intelligence service. they put out a report, they believe there is a problem with seaway pipeline. that has not been confirmed by enbridge at this time. if there

other names that are leading the dow our boeing and united technology. back to you.agen: thank you so much, nicole. jpmorgan and wells fargo kicking things off. let's take a look at how they did. wells fargo's profit climbing 19%. our next guest and friend analyzes numbers. >> the real? here going forward is mortgage. the volume is low. that will hurt. loan growth, from a commercial site, is not particularly strong. the economy just is not expanding that rapidly. the tapering thing from the fed just does not make a lot of sense. businesses are not expanding. dagen: it would take a significantly stronger economy. longer-term interest rates go up, that could offset that loan growth. >> it could offset some mortgage activities. a much stronger economy, people will borrow anyway. the other thing that we did not see in earnings with these companies is the fact that security books got hit pretty hard. jpmorgan got hit pretty hard on margins. they took a conservative route. from an earnings perspective, you know, it was good enough. people were not expecting anything heroic

technology. you know. the industrial revolution was of course led by britain. a number were led by the united states. and as many observed the molecular technologies and the areas that are under the umbrella of relevance are merging globally and you can see the level of research in the united states and research. china. and japan. and the prospect is i hope that for a continuation of the kind of scientific collaboration that one finals in the fields. that they have the capability. to enable us to be of an increasing concern of the day. what is importance in nanotechnology progress? contributing areas of research are funded by the federal government and the found ages or working on molecular structure and implementation. so the role scientific funding. the time for the really strong applications. so ibm has been spojsible for a number of key advances and also from the path from here to there. tools and the generations of technology. we are seeing applications and molecular technology force the day. that is why they are advancing for a century. they will continue and they will become a productive direct

dupont, traveler and united technologies.we also hear from lockheed martin and domino's pizza. after the close, we get results from apple, at&t, broadcom, and panera bread. >>> the senate banking committee holds a hearing today to discuss wall street bank ownerships of physical commodities ranging from metals warehouses to power plants. brewer miller coors is among those prepared to testify. they're urging lawmakers to boost oversight of the london metals exchange. banks control the lme creating a bottleneck that is limited global aluminum supplies inflating prices. >>> and as mentioned, u.p.s. reports second quarter results at 7:45 a.m. eastern time. the package delivery giant is forecast to earn $1.30 a share on revenues of around $30.6 billion. david ross is an analyst and is with me now on the phone from baltimore. david, good morning to you. thank you for joining us so bright and early. so with regards to u.p.s., we already got the profit warning and we pretty much know that the second quarter wasn't that great. what exa

look at other names, johnson & johnson, 3m, united technologies, unitedhealth and exxonmobil.ou. ashley: nicole, thank you very much. tracy: okay, so we've been talk about this all day. detroit has taken a stand on its $18 billion debt hole and filed for chapter 9 bankruptcy. this is the largist for a city in u.s. history. jeff flock has been in detroit reporting on this jeff, what is the latest? >> stop the presses, we have breaking news at this hour. a judge in one of the detroit suburbs has stepped into this. it is unclear whether or not she has the authority to do so. but a judge, who was about on monday to hear a lawsuit filed by the pensions, two detroit pensions that were opposing the bankruptcy filing, she has stopped in and said that the governor doesn't have the constitutional right to call for bankruptcy. potentially throwing a monkey wrench into the whole thing. i want to get instant reaction on that from sandy, who is the ceo of the detroit chamber of commerce. you have been somebody that has supported bankruptcy despite the negatives of it because you think that

. >> police in the united states are expanding their use of automatic license plate readers. as the technology becomes widespread, the controversy surrounding their use is growing. car in thewn a united states, chances are you are being watched from cameras on telephone poles to police cars. number plate readers are increasingly common. they capture more than 1000 images a minute and are used in 38 states. police officers say they are a valuable law-enforcement tool. >> while i am doing my job, this works in the background and is able to pick up things like stolen license plates or wanted people we may not always kept. >> they contain a database of vehicle registration plates from stolen cars and other vehicles involved in crimes. as an officer drives by a row of parked cars, it compares the plates with the database. ,f there is a much -- a match the officer is alerted and an investigation begins. a growing number of americans say the leaders are a dangerous tracking technology recording and storing the movement of millions of law-abiding motorists with little oversight. the american civil lib

host: tell us about why you decided to take this paul of the work you are doing with united technologies? technologies is cosponsoring along with us eight poll is conducted roughly every week when congress is in session. we are exploring the different issues that congress is facing. this particular poll which consisted of six questions, the keystone pipeline and another question on power plants is what we are talking about today. it dealt with everything from egypt to immigration and these energy issues. we are looking to get to the bottom of how americans feel about the issues facing congress right now. host: let's start with the keystone pipeline. you asked the question -- should the keystone xl pipeline be built? the results -- fill in what the numbers don't tell us. does give question both sides of the argument. reporting theays pipeline, will it eased our dependence on mideast oil? about what sorts of environmental impact like increased emissions or the possibility of a spill or disaster could result from that. that being said, when you look at this question, 67% supporting the buil

tonight, san francisco fire spokeswoman confirmed that the fire rescue units had received that technologywas not operational at the time of the crash of asiana flight 214. the aircraft rescue and firefighting vehicles that you see here did not have the drivers enhanced vision system or d event vs, devs, just down the road at san jose international, they do have devs, installed and ready to go. >> it's an integrated system that provides a head up view for the driver of the vehicles. you can see the -- >> think of it as this infrared cameras that firefighters use to find human victims in a house fire, but it's more advanced. >> in this case, that is designed to identify where a fire is, picture a cargo plane with a piece of cargo on fire, that camera will give you the idea of where the fire is in the plane. >> even so, he cautions this technology has limits. and he is not so sure, it would have seen a human victim under the foam. >> i know that what we are talking about here is trying identify maybe someone on the ground, in those situations, everything was reading hot. airplane parts. lug

united states. today, with evolving technologies, the waste travels through multiple stages of treatment, removing tonssolids... settling out microscopic particles, and introducing bacteria that consume and decompose the toxic material. in some plants, the water is further disinfected through the use of ultraviolet light or ozonation. these plants cost millions of dollars to construct, operate, and maintain. in population centers like los angeles, the scope of the task is staggering. the hyperion wastewater treatment plant serves four million people. it processes 350 million gallons of sewage and removes 500 tons of solids daily. after treatment at hyperion, what was once raw sewage is clean enough to release into santa monica bay. other cities and towns release treated wastewater, or effluent, into local rivers, lakes, and streams. as it flows downstream, additional cities may capture it for drinking water, consume it, and treat the water again. in other words, the water coming out of a wastewater treatment plant often enters the watershed, flows into intakes of drinking water treatment plants, and ev