weiss, you're still short? >> i'm still short. probably short more. to me the story has gotten a lot worse. hasn't gotten better. look, the board -- i will disagree with jeff. i don't think the board is particularly good. they shouldn't have been bully into bringing in ron johnson. and also why hire the chief marketing officer they just hired who is i don't believe up to the job because of a lack of experience when the board apparently went out a few weeks ago and said let's start looking for a new ceo. that person probably won't last. >> isn't it an issue in and of itself that at least according to mr. ackman's second letter that the board went out and hired a marketing executive from kraft who had no retail experience whatsoever and bill ackman writes in his letter today that he read about the news from a press release. that he didn't even know about it. he's chairman of the finance committee on the board. >> that shouldn't be, but, you know, i'm sure you have been in meetings, we've all been in meetings, where you have somebody in the meeting that'

with us for the hour, pete and jon najarian, steve weiss, ennis tanner. is it time to get a little defensive here? >> well, i don't know whether or not you have to be defensive, but certainly you want to take some profits off the table. we've had such a tremendous run to the upside. you look at the volatility index, it's been extremely low over the last couple trading sessions. you're also looking at the volumes, extremely low over the last couple sessions. we've gotten through the bulk of the earnings season, pushed up to 1700, and now the focus is going away from the earnings. it looks to me like everybody is starting to look at jackson hole and obviously the tapering talk. i think that combination does serve us up the potential we could get pushed to the downside on a consistent basis, maybe we pulled back quite a bit further than a lot of people are expecting, but then would be the opportunity, not yet, but then would be the opportunity. industrials, pharmaceuticals continue to perform very well. >> maybe we're not ready for the taper. maybe that's wh

stephanie link, stephen weiss, josh brown, and joe terranova with us for the hour. steve weiss, above 1700 on the s&p. is the next leg of this rally taking its first step today? >> it could be, but i wouldn't be surprised to see the market moderate going into the close in advance of the jobs number, although what i find particularly interesting is at least as far as i'm thinking about and people i have spoken to is that they can't tell you what a jobs number if it's above consensus or if it's below consensus, what it's going to do to the market. so to me that means that it's getting a little frothy up here at least near term when you can't look at outcomes and predict them with certainty based upon a set of circumstances or confidence. so i think you got to take a little off the table here. i'm still bullish but i take a little off the table. >> new orders to inventories ratio expands to 11.3%. private residential construction up 18% year on year. the s&p is going to continue to go higher. talking about that all week. energy, which is highly cyclical is performing i

steve weiss, the bull and josh brown the bear. 90 seconds on the clock. mr. make your case. >> i don't look at the actual dollar amount. i was amazed over the last few years the stock didn't really get crushed and that fundamentals didn't get crushed because 80% of their business is outside the u.s. so with 295,000 hotels and accommodations that basically have such a leading market share, very, very tough. if you go out a few years, maybe they make that impact and maybe apple makes an impact. >> i agree it is a great company. if this is the type of name you want to bet against, you can't buy this stock here. it is a 20% grower, maybe 25 if you are luck and i not 30 on a go-forward basis. i have to tell you something. it is trading at 20 times earnings. it is reasonably priced, actually a 15% premium to its historical price to earnings multiple and and evaluation basis a little stretched. >> i got s&p and no growth. >> and we have had based on historical numbers. >> it would be great to go to kayak. that would help. >> kayak is in its own world. booking.com in

weiss? >> thc, tenet, it's been killing me.down big, but i had aspirations of this stock doing very, very well with the government coming in. do you see value in those stocks? >> we've lightened up a little bit on the hospitals. i think they will benefit over a two to three year period but in the short term we're dealing with slow admissions and i think the ramp up of health care reform will be slower than everyone was expected. >> but it's one of the cheapest subsectors in health care. how much more downside? isn't it a tremendous risk/reward? >> i would agree over a longer period of time. a lot of economies of scale and efficiencies, a lot of pricing power they get. so these things are all going to benefit them but over a two to three-year period. >> sorry, steph. >> just in the pharmaceutical space, you don't like pfizer but you like merck and merck continues to lower guidance. we own it, unfortunately, and we like it for the yield. i like the pipeline but when do you think the earnings revisions, the declines, start to reve

weiss took the bear side on hp in a "halftime" debate.>> management, by the way, that got into autonomy and other misstep, meg whitman, easy fruit's been picked. >> how does it -- >> will that be short lived, absolutely? this is a dying company. >> a dying one that only happens to be up 27% since that call. steve weiss, also the best performer in the dow this year. what do you do now? >> if i had to change what i did, i wouldn't have gone against somebody like murphy so due to win a debate so let's chalk part of that up to it. i was wrong on it. they had more gas in the tank. i still believe that the prospects for the company going forward are not good the it's still the same board that made all those mistakes. i would take my strength, and would i sell into it. >> you've got to give meg whitman some credit. >> i do. >> don't you? >> hey, absolutely. i mean, she's done a great job in terms of pushing the right buttons and using the cash flow. >> piloting a plane with one wing. i give her a lot of credit but it's not going to help. >> it w

okay, don weiss with marine energy? this is our second witness from marine -- don't you guys work over there? >> yeah, luckily we're very close, it's just across the road. >> welcome, thank you very much sh it's a pleasure to be here, my name is dawn weiss, i'm the executive officer for the marine energy authority, and the questions and issues you guys are all grappling today are not new when our clean energy program grappled with many of the same issues with our early start-up, i'm happy to report the program works, in fact, we've been able to exceed a lot of our expectations ahead of schedule and we've been able to prove that a lot of the initial fears of the program were unwarranted. as of this month, we are serving over 120 thousand customers throughout marine county and the city of richmond. because of our existence, any customers in our region can choose pg&e's 19% renewable program, our light green 50% renewable program or our deep green renewable program, those are three choices, right now in san francisco, ther

pull steve weiss. >> bull case on this one is the following. number one, tim just had a baby boy, congratulations. you're going to be buying a lot of diapers, buddy. target is where you're going to buy them. you've also got in addition to that predictable dividend growth stocks down 12 percent since the recent highs and their online stores as well as their combination with facebook for cartwheel or something like that, i don't know how that goes but any partnership with facebook right now is a good partnership for target. >> look this stock, even before today's announcement, it was under pressure. but today we learned three new things there are a big problem. you absolutely don't need to buy. the canadian dill lugs in terms of the eps is pith.significant. it was supposed to be creative on eps but it was destructive. to say they're going to get to $8 a share by 2017 is going to say that canada is going to not only be destruction tif but a kick to the bottom line. the guidance is very poor which means the fourth quarter has to be more important t

we ask the traders, stephanie link, jon najarian, steve weiss, josh brown. josh brown, what does all of it mean? >> if we have to prioritize what's most concerning right now to me, i would put syria a little bit lower on the list. i think the housing market is really, really important here. i think the telegraphing we're getting from the home builder stocks is highly negative. the 20% drop in new home sales, which are much more concurrent than existing home sales we saw in june and july are vexing and, frankly, if you look at gdp growth in the second quarter, about 40% of that was housing related. so if we're going to worry about all of those issues, i would pick housing to be the number one right now thing that people want to be considering and watching very carefully. >> steve, you're disappointed we didn't get a bigger pullback today because you wanted to put a lot more money to work. >> and i have been nibbling buying some things but to me what josh just said, the way he started out is exactly what's driving the market today. if you recall, it wasn't tha

weiss maybe going forward with his name being recognized or without being pushed into the stands that causes lawsuits on both sides. i don't want repercussions where we fires me or something speaker i think the bookstore is a library of sort of and i think it's good for the community at large but a source you have historic documents and books for the city and county of san francisco. so i think you can do what you can by talking to the man and his wife instead of pushing and knocking on doors. some of you should gept together and talk with him personally. i can help you with that > >> thank you. next speaker, please. >> good afternoon. i'm betty i couldn't help but come down and speak out for marcus bookstore. as a teacher at a school that was a multiple culture school a lot of white students doesn't know a lot of the black history from 1985 to 2003. the history book was excellent when i taught on black history. i said why don't you go to marcus bookstore there's a wealth of information you can find all types of stories of present-day authenticity. and my students white and asian went

. >> mike shanahan hopes to have starters in for 20 plays and lex on grossman and pat weiss play half >>> and fined $10,000 for apparel violation for wearing the operation t-shirt pregame over the weekend. >>> london fletcher featured in a sports illustrated articleil today.lu in the article he revealed he suffered a concussion last preseason and never publiclily disclosed information. >>> fletcher is entering the i 16th season hs e is nfl ironman playing 240 straighttrai regular season games. gam >>> he admitted concussion plagued him deep in the season and admitted to multiple mu concussion through his football career when asked about if he was worried about life afterfter football he said sure. followed by this: >> i signed up for this. >> nobody makes he play this game. >> i love to play football. >>> and five, six-years-old.ears >>> and just remember, you know watching games on television.vii just really loved game of football. >> i have been in love with thih game pretty much all my life. it means would i changeha anything, not really.ng >> i mean, you know, you pray for the bes

. >>> mike weiss of "washington post" wrote a column good man, mad culture. >> honestly could go a long way changing player attitudes. >> fletcher says he is hurt and his head is not right and needs more tests then every guy onn ev that roster will say this is a guy we look up to. >> not having symptoms right now! >> in 2011 virginia passed strict guidelines to protectli playersne from concussion whichn educators say affected brain functions. >> there is no helmet that we know of that prevents concussion. >> it does not exist. >>> nfl has its own web site. nfl evolution to promote safety changes including a warning to players to never ignoregno concussion symptoms. >> we still have to be smart as players and protect ourselves. >> back in 2009, the nfl successfullily fought back an effort on capitol hill to strip of the anti-trust exemptionnt afteri- complaints rose it was ignoring concussion issues and that came in the wake of a michigan study that a thousand former nfl player had higher rates of memory related illnesses causing alzheimer's disease and dementia. >> will? >> thank you. y

weiss says she hopes the hospital will recoider. >> everyone is hoping the hospital will work with me number i can work around. >> meanwhile she is keeping a pos it tiff attitude and certainly watching where she steps. >> i will buy a lottery ticket and a cheap bottle of wine. >> so jules weiss says while she does regret going to the hospital there was also the chance if she had waited she could have faced kidney failure as a result of the venom going through her body. >> what's your choice there? >> you don't have a choice. you have to go. >> you mentioned the picture of her foot. wow. >> i said she either got bit by a poisonous snake or is 8 1/2 months pregnant. let's not go down to anyone's feet. somebody is awake. >> erica, are let's low it over to you. >>> everyone says you need a role model and it's certainly true. but should you try to imitate the people who have made it all the way to the very top? according to a piece we saw in "the new york times," you might be better off looking closer to home. they are some of the most powerful players in business, politics, sports, and en

the heat is always too much sure but we can do at our weiss what they've brought us here today. from the government. all of us for part of all want to. know for we did this is only before the committee this in yeah about coming to buy as drinking from a distant world. but aboard quarters to accommodate more stuff so that they can improve they have saved us all the people. the. wrong. reflected by the economic indicators does not seem to reach the public clinics of northern ghana. the district director says that the government is doing its best and gives the free mosquito net program as an example something he recently set up the government of an affidavit the ghana has of his jeweler had to wigan at lentulus war on malaria from several. standpoints the area lies that we need to actually find a vector of the vector b. in the mosquito nothing to do and i saw recently in fact just as recent as two we said will the government of ghana but i want to get a house of his son in bed with. fifty percent of the population were given you know this hound and yes they've been placed recruiter

50%. >> steve weiss, final trade? >> just saying. >> jc penney, short. >> okay. simon baker. >> you know on the back -- >> quick. >> network appliance going into earnings next week. >> that's quick. have a great weekend. see you on the other side. "power lunch" starts now. >> "halftime" is over. "power lunch" and the second half of the trading day start right now. >>> scotty, thank you very much. the dow taking a bit of a hit. not as bad as it was earlier. we're down on the day by about 90 points but we were down more than that, 150 points or thereabouts. are we getting close to a good entry point for all that money that is still sitting on the sidelines? and he is really angry, mr. ackman is. bill ackman's next big call. he wants jc penney's chairman of the board of the out and wants to replace the ceo i guess. really turning up the heat in that ceo search. scott wapner has been all over this one, and he'll join us in a minute. >>> terrible flooding out in the middle west. this is a ferrari. what a terrible waste, la

. >> jack, it is steve weiss. since when has the market been backward looking? you mentioned with the earnings growth that hasn't materialized and so forth and you have europe stabilizing and whether you believe the china data or not, china is going to tell you what they want you to believe so that is positive. the u.s. supposedly is going to improve in the second half. so with all of those indicators you could see given how lean corporations are, and actual explosion in earnings driving the market higher and all of the emerging money coming into this market. >> yeah. the way for us to see an explosion in earnings in my view is to get revenues growing and unfortunately those same analysts that are anticipating 10% revenue growth through the fourth quarter are the same ones anticipating revenues less than 1%. so unless we can see revenues start to increase, i am not -- i don't see how we will get the earnings lift, especially the ones already on the blotter. i agree with you. i think there are other markets that are certainly cheap, and i think europe is an inter

weiss still being questioned at this hour. apparently he was on his way home, and saw car burglars trying to steal his dad's car at the apartments off coleman road. he confronted one of the suspects face to face tried to physically detain him. but the suspect got away in another car with three others. that car sped away almost hitting the security guard but searkds later, it stopped. one of the suspects came out, he was going to pull something from his waistband, that's what the police said, and the security guard opened fire. >> if he felt like his life was in danger, he was probably well within his right rights -- rights. >> reporter: a man whose older sister who lives at the senior apartments say they heard at least five single gunshots last night. >> saw it was police. opened the door and talked to the police for maybe ten minutes at -- pleax inning what -- explaining what they had heard and seen and so on. >> reporter: now, that suspect is expected to recover at a nearby hospital. once he does, he will be booked into sant

. >> sure, i'll read it, except in extraordinary weiss, the board may grant a hearing question if different or material facts of different circumstances have arisen where such facts and circumstances if known at the time could have affected the outcome of the original hearing, the written request shall state, one, the nature and character of the new fact and circumstance, the names and witnesses and the description that you produce and why the evidence was not produced tat original hearing, then it goes on to say, failure to provide due diligence to provide new facts and circumstances should be deemed denial of the new grant or request. >> there clearly is one piece of new evidence which is the letter, but again i believe that would only be valid if it were to -- to cause us to think it would change our decision. >> and supports our original decision, so the only other new piece of evidence are the ccnr's which i did not hear why they were presented to begin with. so, that's where i'm struggling. >> right, me too. >> i'm a little surprised that that wasn't discussed in the presentation. >>

steve weiss. let's go over to josh lipton for a "market flash." josh? >> we're watching american eagle outfitters, tanking here in the after hours. the news, aeo announcing it is revising its second quarter eps outlook to about 10 cents. total net revenue decrease, they say, about 2% in the second quarter. consolidated comparable sales down 3w7%. the ceo saying in a statement they are not at all happy with the second quarter results. talks about the disappointing performance primary because of the assortment and weak traffic. you can see the stock down more than 12% right now. guys, back to you. >> all right, josh, thank you so much. the dow and s&p kicking off the new week in the red for a second consecutive week. bob pisani, looking at the stat here that we're sending around, the dow having its worst day in more than a month. >> yeah. >> and it was only down .3%, bob. that tells you what we've done here. >> yeah. we can't really -- we couldn't get into positive territory at all today. i think mr. fisher had an impact there. take a look at the markets

>> i think what you will see is sec will be more aggressive under mary joe weiss.will require some kind of admissions. they have a new financial task force to aggressively go after financial fraud. i think you will see them moving past the market crisis cases like this one. and take a very aggressive position in the marketplace. and this win today, it says that they can do that. >> all right, mary thompson, we have more from you. good ahead. >> again as we have been talking about it, this is a significant victory for the sec. at this point they are bringing additional cases concerning the financial crisis given that it has been five years hence in the civil case you can still look for any fines to be paid or penalties. what you can't seek after that five-year period is a live time ban. of course what is up next is we will see what the sec asks as far as punishment for mr. tourre. it is likely they will ask for lifetime ban from the securities industry. given again that he has been found liable on six of the seven counts. but that will be down the road. again a very

weiss? >> blackberry. here's the way to look at it. no communication while process goes on. risk down maybe a few percent. >> stephanie link? >> emerson electric. >> what that does it for us. more "fast" at 5:00. follow me on twitte twitter @scottwapnercnbc. >>> "halftime" is over. the second half of your trading day begins right now. >> scott, thank you very much. 1700, just a memory for the s&p now trading well below that mark, but is this then a good time to put some extra spare cash into the market? blackberry for sale. who knows really. the board of directors up in waterloo, ontario may be getting very serious now. who would buy blackberry? who might the partners be? we'll ask those questions in 30 seconds, and is florida sinking? days after tiger woods said his $50 million home was on shaky ground, a resort near orlando falls into the earth. first though to sue down at the nyse. hi, sue. >> hi, ty. pretty dramatic pictures there. stocks, meanwhile, well off the lows of the day. right now let's take a look at how the dow and s&p are faring. right now the dow jones indus

. >> weiss? >> macy. >> joe? >> buy more netflix. >> bye-bye, "power "can the starts night. >>> "halftime" is over. the second half of your trading day begins now. >>> welcome, folks, i've been waiting all morning for you right here. big investors. now more vocal than ever about their moves? is it a good thing though for the rest of us or is tweeting for dollars manipulating the market? we'll discuss that. you got an apology. the ceo of aol days after the very public firing of an executive says i am sorry. should he be? have we gone a little mushy in the conference room? and here we're foolg following the crash of a ups cargo plane in alabama. new information coming out throughout the day. the very latest, plus fire sweeping through parts of iota including around several big-name ski areas. they are being threatened right now. we'll tell you about that, but, first, to sue at the new york stock exchange. >> good to see you, ty. we'll start with the markets right now. a down day right here on the floor of the nyse.

relate to, talk to, i can be myself around. 7 7 >> reporter: "chicago sun-times" theater critic hedy weissciting its unusually high standards for young people's theater, wrote of its latest offering, that where "politicians of every stripe" have failed, this "prodigiously gifted, exquisitely directed youth ensemble has triumphed." .(applause) >> suarez: "homeland" played to a packed house in a small community theater last year... and this summer, the company made the big time. the prestigious goodman theatre in chicago was so impressed with the performance it hosted the show for ten days last month. and the students profiled in jeff's story have also been successful. bladimir orduno did indeed go to pomona college where he'll be a sophomore this fall. lilia escobar will attend st. olaf college and randy dang will attend northeastern illinois university. >> ifill: a week from today, three u.s. presidents and thousands more will gather in the nation's capital to mark the 50th anniversary of the march on washington. we continue our look back over the decades tonight, with the words of one of

. >> steve weiss? >> macy's, i still think it's very cheap. time to buy it. >> guy? >> at&t. >> doc? >> cobalt international, cae, buying that. >> cnbc "twitter revolution" tonight. "power lunch" starts right now. >> the second half of the trading day starts right now. >> who gets off air on time better than scott wapner? nobody, ladies and gentlemen, a summer's fall. stocks dropping for a third straight day. in three days time we're now down several percent as you will see in just a moment. president obama talking about what is probably your biggest investment today, your house. what he's saying and the changes that could be in the works for the housing market. he talked a little bit about it yesterday in a big speech in phoenix. today answering questions about housing, and a brand new list. we love lists, goldman sachs sending out a note of what it calls the 40 cheapest stocks in the market. can they make you money? well, we're going to give you the list throughout our show today. first though, down to sue, nyse. hi, sue. >> hi, ty. right now the markets are fallin

. >> steve weiss. >> staying with the short on jv penny. >> reiterating your short. >> with full knowledge that any hint of not terrible news may make it pop. >> all right. that does it for us. have a great rest of the day. "power" starts right now. >>> "halftime" is over. the second half of your trading day begins now. >> a major airline merger grounded by the justice department, at least for now. how will u.s. airways and amr fly forward? the markets, a big story today. the dow deteriorating as you see there. well, deteriorating no more, ladies and gentlemen. look at that. it's come back in just the past few minutes, higher by 44 points, right now at 15,463. we're following, yes, that florida sinkhole. here it is. evidence. how can you tell if your property or the property you want to buy is in danger? we'll explore that one and more later this hour, but first to sue at the nyse. >> yeah, big recovery in the market which we'll get to in just a second, but we're starting with the still developing story. the justice department grounding the planned merger between u.s. airways and amr corp.

memo to employees yesterday the shipping company says it will discontinue coverage of husbands and weissrance with their own employers. >>> americans seem to be less worried about dangerous driving these days. a new survey by aaa shows people are not as concerned with drunk, aggressiveandroussty driving than they were -- drunk, aggressive and drowsy driving than they were years ago. but they think texting while driving is very dangerous. the survey also reports traffic-related deaths have started to edge back up. >>> british doctors say a flu shot may prevent heart attack. it can lower the risk by 45%. they are not sure why. scientists believe the vaccine may offer protection. previous research also links flu shots to lowering risk of heart disease. >>> wrinkles are passed down by mom. at least partly. scientists recently found a set of genes that influence the aging process when the inherited dna is defective the result is premature aging. doctors say even though we inherit some of the aging process, lifestyle is the biggest factor in how we age. the new research could help scientists f

they are ignoring the fact that anti-racism educator tim weiss points out whites are six times to bedered by another white person than a black person. the percentage of white persons killed by a black offender is only .2 of 1%. only one in every 500,000 white people will be murdered about i a black person in i an given year. 84% of white people who are killed are killed by white people. where's the outrage? where is the fear? the fear of black criminals is so much more potent for movement conservatives. they need welfare queens. they need trayvon to be a thug, that fulfills their narrative. they ignore trayvon became a natural story because the justice system arrived and upon finding a dead black body, it shrugged. they found chris lane and immediately went to work and quickly arrested three people. if they go to trial, you can be sure in the courtroom and in the media, chris lane will not be on trial. we will not pour through his character and explore if he was a thugging to determine if he deserved to die. patricia williams referred to the trial as the monsterization of trayvon. ch

i took goldman, but it is a paul weiss moment. law firm. i'm going law firm. >> you covered a lot of this when you talked to jamie here on the very floor a few weeks ago. >> yes. >> take a look at this bite. >> this company did great through the crisis, and we trade around the world and trade tr trillions of dollars everyday. we are a good company with flaws. >> you are used past tense. >> yes, there is some compliance and some mortgage and some industry-wide and some unique to us, ap when nd when we looked ae said they were accurate complaints. so we acknowledge the faults and we will fix them. we are not denying it, and we will fix them and make the regulators happy with what we are doing. >> look, a lot of blame to go around and a lot of people hate the bankers, and do you read the store ri and say, boy, i feel bad for jpmorgan and dimon, wow, what a shame. no, you don't. they are big targets still. my charitable trust i own jpmorgan and i believe they have done a lot of things that make it obviously culpable, but they are paying for it,

take a look at the weiss we had august 5. i guarantee you we'll be writing more about this.ething everybody in the country is talking about. they don't understand why congress should be exempting itself from a law they say is so wonderful for the rest of us. bill: we'll look for your article soon. we are reaching out to law makers to come and talk about this with us. we had one on from florida last week and more to come. shoot me an em -- an e-mail. martha: we have the latest from the courtroom of major nadal hassan. bill: 100 meeters per hour seen streaking across the screen. we'll tell you why. [♪] and you were like, "thanks, but what about thick & creamy and whips!" and we were like, "done and done! now it's out of everything yoplait makes." and you were all, "yum!" and we're like, "is it just us, or has this been a really good conversation?" and you were like, "i would talk, but my mouth is full of yogurt." yoplait. it is so good! martha: in california, an amazing display overnight. we are talking about th talkingd meteor shower. welcome back to the show. >> reporter: it