the top three trades of today's halftime show, whirlpool, the largest appliancemaker missing earnings on the top and bottom lines citing europe and a strong dollar as negative factors. steve weiss, stock's down 7%. >> over the last few quarters whirlpool has done this before, down and then rallied back. this is a proxy for the global economy, to me, and it's going lower. >> so is peabody energy by almost 11% falling on lower second quarter profit and weak outlook for the upcoming quarter. >> you thought it was priced into the stock given the sell-off but i think you hit the nail on the head, the third quarter guidance scared a lot of people, we're closing in on levels we last saw in december 2008 so 18.5 might be your bogey on this one. i can't believe we'll get there. sometimes overshoot to the downside. >> grasso, altria beat estimates by two cents on higher prices which offset flat cigarette volumes. grasso, this is a name you've liked? >> i've liked it and continue to own it. i'm long it from the high 20s, they were able to pass along higher cigarette prices and came out with a ne

. >> whirlpool is getting a boost after electrolux in sweden reported big earnings. why the interest in electrolux? they have been able to raise prices here in the united states on home appliances. >> exactly. they were able to raise prices here, and the prices are sticking. that's the key point, simon. also, if you look at what electrolux had to say, they saw big gains in the asian markets. if asia is strong and north america is strong, whirlpool is announcing earnings next week. be careful because it's having a big run from 60 almost pushing 70 now. what electrolux announced today is very positive for whirlpool. >> if you look more broadly on china, yum brands isn't so good. marriott was warning about overcapacity. i mean, where are you on that, stephanie? >> yum brands wasn't horrible. you had -- in china, they grew sales 10%. sure, it was down from 20%, but we all know that china is slowing. this was their margins deteriorating and it was because of labor and food costs. i'm not sure you can kind of extrapolate. we know that it's slowing there, but i think there

they're not in a laundry business getting one hour martinizing or in the whirlpool spin cycle. they actually do banking. charles in florida. hi. >> caller: hi, jim. i'm a satisfied company. we have plant and tree nurseries and can feel the resurgence in the housing market. phm, polte homes has performed well going from under 4.50 to 10.80 today. thanks for your ability to see the future and advise exceptional investments. can we hold on for the ride? >> yes, i think you can. i was doing work on pulte home and dh horton. i think they will do well. this is the part of the cycle that's powerful for them after the mortgage applications. you want to stay with them. go with the highest quality. as the cycle gets longer into its depth you stoop down the food chain to pulte and horton. i think we're there. i want you to stay with them. alex in new jersey, please. alex? >> boo-yah, jim. this is alex. i love stocks. i have been watching your show since i was 15. i'm 19 now. i love trading. i love it. i love your show. quick question for uh you. vmw. i'm in the i.t. field. i love it. i lo

heavy hitting from ups and whirlpool all missed expectations. >>> more layoffs drove cisco down.eanwhile weak enrollment is forcing job cuts at devie. the education company pledged 25% on the news. >>> netflix spiraled after warning it may have trouble reaching year-end goals for new customers. >>> on the bright side, wall street welcomed austin's tex-mention restaurant chain chuy's to the nasdaq. >>> overseas japan report add record $37 billion trade deficit for the first half of the year. >>> meanwhile toyota said it sold just shy of 25 million vehicles in the first half which could put itm general motors. >>> state farm insurance has pulled its broadcast from the penn state home games in the wake of the sandusky sex scandal. >>> after more than a century of publication scholastic is discontinuing separate issues of "weekly reader." >>> aepd finally it appears same sex marriage has sparked an economic boom for new york city. the big apple has raked in $259 million after one year of same-sex marriages. >> coming up the red sox stop a skid, the indians squeeze by, and an early lo

. >> watching shares of whirlpool bouncing on a headline saying that the u.s. applies anti-dumping and these duties from the u.s. commerce department setting $33% to 72% on machining coming in from mexico. you can see whirlpool shares up about 34 cents on the headline as the news was coming out. sue? >> thank you very much. take a look at this video. because this is video of capitulation. the drought of 2012 has beaten this farmer in adams county, illinois. corn farmers are instead of picking it up, mowing it up. quitting for the season. the drought has pushed prices to record highs this season. biggest monthly gain since 1988. up almost 3% today alone. >> mike sieidel is with us from the weather channel. is there relief on the way? >> not really. st. louis had some rain yesterday, tyler. and for only the second day in july, didn't get to 90. severe drought, extreme drought all up over the past week. i don't think we'll see any big changes and did get some rain over the past four to five days. here's the current temperatures. the numbers at or above the average

they're not in the whirlpool spin cycle. they're actually in banking. let's go to charles in florida. >> caller: hi, jim. >> hi, charles. >> caller: we have plant and tree nurseries in the tampa area and can feel the resurgence in the housing market. holdy homes phm has performed very well over the past ten months, going from under 450 to 1,080 today. thanks for sharing your ability to see the future and advise these exceptional investments. can we hold on for the ride? >> yes, i think you can. i've seen a lot of work on pulte home. i think they're going to do well. this is the far of the cycle that's so powerful for them after we saw the mortgage applications today that makes me say you want to stay with them. go with the highest quality. as the cycle gets longer into its depth, them you stoop down the food chain to pulte and to horton and i think we're there. i want you to do it. stay with them. let's go to alex in new jersey, please. my home state. alex? >> caller: boo-yah, jim, this is alex. i love stocks. i've been watching your show ever since i w

>> the end of last year, we took a position in whirlpool. traded from $60 down into the mid-40s and we got long the stock. we bought it. and i was actually on this program saying i thought it could get up to $60 a share. sure enough, it went up to $60. and i took my profits and shorted the stock because it was way overvalued at that point. stock continued to run straight up into the mid-70s, at which point i was back on "fast money" and had to do a face-off with my friend, pete najarian, here. stayed short, added to our charlotte position in whirlpool up in the high 70s and ended up working out. >> pete, yours? >> mine was in micron technology. i was a specialist in the stock. i was put into a position by one of the large firms, very long calls, very short puts. yipd i was stuck in a position. it was very ugly. >> joe? >> i'm dating myself, october 20th, 1994. woke up, turned on the television, i was short gasoline futures and saw the river on fire because of the pipeline explosion. took me a week to get out of the position. >> thanks for th

corporate reports from heavy hitters ups, at&t, and whirlpool all missed expectations. >>> more layoffst cisco drove the dow's straight triple-digit loss. meanwhile, weak enrollment is forcing job cuts at devry. the education company pledged 25% on the news. >>> netflix spiraled after warning it may have trouble reaching year-end goals for new customers. >>> on the bright side, wall street welcomed austin's tex-mex restaurant chain chuy's to the nasdaq. the stock surged nearly 16% in the first day of trade. >>> overseas japan reported a record $37 billion trade deficit for the first half of the year. >>> meanwhile toyota says it sold just shy of 5 million vehicles in the first half of 2012, which could put it on track to retake its title of world's top automaker from general motors. >>> state farm insurance has pulled its ad dollars from broadcasts of penn state home football games in the wake of the sandusky sex abuse scandal. >>> in a sad sign of the times, after more than a century of publication, scholastic is discontinuing separate issues of "weekly reader." >>> and, finally, it ap

corporate reports from u.p.s., whirlpool and at&t missed expectations. >>> more layoffs at cisco droveaight triple-digit loss. and weak enrollment is forcing job cuts at devry, they plunged 25% on the news. netflix spiralled after warning it may have trouble reaching year-end goals for customers. on the bright side wall street welcomed chuy's to the nasdaq. the stock surged 16% in the first day of trade. >>> overseas japan reported a $37 billion trade deficit for the first half of the year and toyota said it sold just shy of five million vehicles, which could put it on track to retake its title of the world's top automaker from general motors. >>> state farm insurance has pulled its ad dollars from broadcasts of penn state football games in the wake of the sandusky sex abuse scandal. >>> in a sad sign of the times after more than a century of publication, scholastic is discontinuing separate issues of "weekly reader." and finally it appears same-sex marriage has sparked an check boom for new york city. tourism officials say the big apple has raked in $259 million from one year of same-

we'll go from minnesota, winner of the midwest youth winner receiving a $10000 check at the world of whirlpool headquarters on north lasalle. he'll go on to compete for the international youth of the year award. wgn's reporter was the emcee. she said the boys and girls clubs are invaluable when it comes to keeping youngsters safe off the streets and furthering their education and their interests, we'll be right back. [ bell tolls ] agents, say hello to the biggest hailstone in u.s. history. oh, that will leave a dent. which is exactly why we educate people... about comprehensive coverage. yep. the right choice now can pay off later. looks like a bowling ball. yeah. oh! agents, say hello to the second-biggest hailstone in u.s. history. [ announcer ] we are insurance. ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪ these work, right? no. mom! look what i found in the shed! no! no! no! ♪ ♪ were you guys just making out in here? what? no! really, cold cuts from a package? yes. [ male announcer ] it's nice to finally say "yes." new oscar mayer selects. it's yes food. >> a weird collection of 40,000

usg is not whirlpool which reported a serious miss. stocks got gains because people got too negative about it and has a ton of cash flow. cabinets lost 20%. usg is a solid business that benefitted from the rebound in housing. the company missed the numbers last week. this stock's pain is your gain because it means you can buy the stealth housing play at a significant entry point. i would be pretty upset if i owned it going into the quarter. you get to buy it for expectations. that is ideal. housing i got to tell you housing is definitely turning but the home builders have already run so much that it would be crazy to chase them here. that is why we need a stealth housing play, something like usg that makes the wallboard you need to build the home but the stock has been written off. usg punished enough. i think this company with its sheet rock can be bought at a price much better than it was a few days ago. better than where warren buffett got in on it and better than you should expect. i'm confident that they can be beaten. i want to g

while it looks likes a coastal, it's not, it's a whirlpool, and this will be down there againre tomorrow. we'll probably see a couple showers and storms late in the day, as that trough is causing a dip in the jetstream over us. so be happy to get the rain. it is still dry. what that dip has done is pushed that bubble of hot weather that's been so unrelenting more to sthe south and west, so the heat wave still brutal, but it will be out of our area for the next several days, 89 today, you can see cincinnati, 87, st. louis, triple digits.e they were 86. but boy, they are not far fromfa rthat brutal heat. wichita, 111 degrees today.rees little rock, 111, dallas, 1040, and amarillo 102. that heat is still there. it's just been shoved farther soutbeh and to the west.h t we'll keep it out of our areaur for the next three days. daso tomorrow, a lot like today. only difference i would say issa might be a couple of degrees cooler, and one or more storms later.r. we'll probably have storms around on wednesday, thursday at spotty storm, not so widespread. temperatures heats up until we get to 91 de

. >> a drop here for whirlpool. >> disappointing. had a nice month before.se numbers were a little bit light. there are probably other ways to play it. >> it's going to continue to go higher. they are short this market. people trying to sell the japanese they kept going up for 15 years. people are trying to sell this thing short and it's a bad idea. >> three year lows. a valuation here. you have no demand out of europe. really has no. >>> that's right. >> thousands. >> that's right. >> what a guy. >> i love it. >> down 15%. mike? >> a couple of mons ago, chambers was talking about some of the global growth and head winds for the company. and yesterday after the close they announced that they are laying off 1300 people. not exactly selling out the growth story coming up. they have earnings that we need to be cautious of. >> and tequila? get the salt and lime ready, it is national tequila day. there are free shots. have no fear, natural scotch day is coming up this friday. it's on my calendar. >> coming up next, a reaction. he has been listening and participat

witness whirlpool. remarkable. it's tough to recommend standard pacific after these runs.mean you can't pounce at the right moment. listen, toll dropped from 28 to 23. pulte sold off. you have to -- yeah, that's right, pull the trigger. we have a developing housing shortage. i can't believe i have to say it. but it's true. these are the guys with the homes. finally aerospace. it is so easy to miss the stocks because of worries about air a lines, slow downs in china. look at textron. up 11%. amazing numbers from cessna. go listen to dave cote, ceo of honeywell. he made it clear aerospace is fits and starts. anyway, is it possible near one of the boeing delivery, the cycle is over. i call it ridiculous. three drivers that are working in this horrendous environment. who knows what would happen if things got better. in the interim when we get pullbacks these are the themes that have our backs that can be bought into weakness provided you don't put much emphasis on the international players and you stick with as much domestic security as you can muster. stick with cramer. ♪ ♪ ♪

whirlpool reported a horrible quarter this week, the stock a total champ.ousing is the brightest spot in the investment universe and masc so a cheap stock if the news turns out to be as positive as i expect it to be. tuesday morning, a dispatch from the trenches of high-end retail, coach reports. is luxury spending kaput? that's what we thought before this market, right? should we concerned starbucks told us, people stop spending the month of june and july is no better. has the slowdown in china hurt our high index? coach will let us know. lou frankfurt, honest guy who always tells us straight. terrific number from merck, thing of beauty, sent the stocks soaring, something they have been paying to you wait for with the juicy dividend. next tuesday, we hear from pfizer. we know they got disappointing data from the alzheimer's drug. and i think they will have moves which bring up value, moves paid to wait for because it is an outsized dividend. wednesday morning, the company's stock suffered mighty of late, allergan. strong anti-migraine seams as well as exce

he was caught in a whirlpool and had been covered in sand ten feet from the beach. -- some funding challenges could be ahead. the chronically -- last week, the state could spend billions, it was reported, but according to the chronicle no ton project were part of this deal. >>> b.a.r.t. has announced it is installing realtime departure screens at 13 stations. up until now, embarcadero was the only street to have this type of screen. signs be headed to all -- to all stations. >>> all right. 8:05. >> let's go to move. >> if you drive into the city, this is actually pretty good. it's unusually light at this time of the morning. we usually see a little bit of slow traffic. right now he's not a lot. interthat state 8 0 in oakland, that looks good. earlier i -- i ms. spoke with the informs. he will be. >> -- right now there's not a lot. interstate 880 in oakland, that looks good. the even crash has been cleared to the shoulder. the crash will be affecting westbound traffic unfortunately through this area. 8:06. let's go to be steve. >>> well, a couple of things going on.

also hearing from whirlpool today, that company coming in with earnings of $1.55 fell short.ue is missing the market. spain is in the headlines today paying the second highest yield on short-term debt since the birth of the euro at an auction today. investors think the country may need a full sovereign bailout, and the reflections are there in all of the yields. the five-year is at 7.6% earlier in morning. as kelly pointed out earlier today, that's a bad sign and it's something the markets pay an awful lot of attention to. >> let's take a quick economic on the markets. you can look at the futures right now. well, you know, not so bad on a relative basis to where we were yesterday. it looks like we open 40 points lower and nasdaq is off 20 points and s&p 500 is off 5 points. you can look at the oil boards there, as they flip around on us. you can -- well, crude is on -- i can't get that excited about this this morning at the moment. can you get that excited about any of these numbers in. >> crude oil came down sharply yesterday. that was a big deal. >> as a non-driver it's dif

fact that hundreds of thousands of jobs have left the country, including recently 4000 jobs from whirlpoolin arkansas. we are becoming a jobless nation. you young guys, it is up to you. not as old guys that are full of wisdom but not energy. there is no jobs in america anymore. they are all there, china, india. it is saddening. it is very sad. i knew a guy who was on bill clinton's mark america free trade program. you know what he told me? three years ago i wish i would have voted against it. what are we going to do? you see young ladies in restaurants and ask them if you are going to college. they said we are ready finished college and cannot find a job. there were interesting. there are no jobs in america. and when are republicans and democrats going to wake up to the fact that there are no jobs in this country anymore? host: mr. wilson, let's talk about jobs in mexico. are they experiencing a similar situation to what he was talking about? guest: unemployment did go up, but we're seeing that some key industries having growth and producing jobs, automobile industry in particular. aerospa

but maybe all of those home builders or home buyers are not putting in whirlpool appliances even thoughe currency effects for its disappointing earnings, to say the least, missing again by nine cents, having its worst day this year, down as much as 8.7%. carl back to you. >> that's been a tough one to watch. thank you, courtney. >>> gary kominsky is up next. >> we'll talk about trends. >> keep me guessing. >> on the theme of things i've been thinking about several weeks, i'm here by etf, herb greenberg's desk. the morning convergence had an interesting read, five things you should think about if you're the cfo of a company, it's a good read if you are a cfo, you want to check it out but in there, there was something that's been on my mind for some time as well, the idea of how important etfs are for individual stocks. we're going through earnings season, obviously the impact of a company's reported earnings impacted that company on a specific day in the day's trading but longer term investing, whether or not that company's security is in an etf is probably the single most important thin

companies such as whirlpool are making the decision to hire american workers for work they once did abroad. americans manufacturing has built up agreement momentum in the last tee years adding thousands of jobs. we should add to that momentum. we should adopt the bring jobs home act. we should end existing tax incentives to export american jobs. we should provide a tax break for companies that bring back jobs to these shores. and, madam president, i yield the floor and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: a senator: madam president? the presiding officer: the senator from kentucky. mr. paul: i ask unanimous consent that we dispense with the quorum call. the presiding officer: without objection. mr. paul: there is a doctor in pakistan by the name of shakil afridi. he has been put in prison for 30 years. i think this is an abomination. while we can't tell countries what they must do with their internal affairs, we don't have to reward them with taxpayer money when they put someone in prison who is attempting to help amer

is theestion is this federal reserve in charge of so much, such a massive amount of money in the whirlpool of money that they can actually be like a poker player at a table who is backed by millions of the other guy might have a better hand but he can love them out because they can't outbid. are we trying to take over with our trillion dollar amount of derivatives? is this a case? guest: there's a saying on wall street -- don't fight to the fed because they have the ability to print an unlimited amount of money to produce the effect it wants in financial markets. in that sense, the fed is the poker player who never runs out of chips. not sure how to respond to the second question. derivatives are important but i would not get caught up on the supposed size that there are trillions of them. a lot of them offset each other. the real risk they pose to the economy is real and there but is more money. it is a number that is so large it does not make any sense so you should not focus on derivatives. the derivatives that are out there they don't necessarily impart some sort of corporate control o

question is this -- is the federal reserve in charge of so much, such a massive amount of money in the whirlpool of money that they can actually be like a poker player at a table who is backed by millions of the other guy might have a better hand but he can love them out because they can't outbid. are we trying to take over with our trillion dollar amount of derivatives? is this a case? guest: there's a saying on wall street -- don't fight to the fed because they have the ability to print an unlimited amount of money to produce the effect it wants in financial markets. in that sense, the fed is the poker player who never runs out of chips. i'm not sure how to respond to the second question. derivatives are important but i would not get caught up on the supposed size that there are trillions of them. a lot of them offset each other. the real risk they pose to the economy is real and there but is more money. it is a number that is so large it does not make any sense so you should not focus on derivatives. the derivatives that are out there they don't necessarily impart some sort of corporate contr