people in latin ameica love whirlpool, asia loves whirlpool's stuff.n a way, it's kemp prelim ri as well. >> right. it is, charles, but, you know, the bulk of the activity is still in north americ and it gets to my premise that i've had for years now that as the population ages, people like you and i, and you are younger than me, granted, you want to stay home more. i think people are tired of going to restaurants and traveling on fancy vacations and bung fancy cars so this whole idea of cacooning, in vogue twenty years is coming to fruition. translation? people want to upgrade their homes with better appliances, better, you know, air-conditioning systems. that feeds into whirlpool's positi and kind of as opposed to what keith's saying, whirlpool is in a swet spot and will be regardless of what happenso the economy and the dollar and all that stuff for the next few years. >> it is interesting. people who are pedestrian watchers of the stock market, they graff state to the cool hip stuff. what's apple doi? what's google doing? today, microsoft and googl

that feeds into whirlpool's position and kind of as opposed to what keith's saying, whirlpool is in aweet spot and will be regardless of what happens to the economy and the doll and all that stuff for the next few years. >> it is iteresting. people who are pedestrian watchers of the stock market, they graff state to the cool hip stuff. what's apple doing? what's google doing? today, microsoft and google got waxed, and it's the old-school businesses around for p200 years doing bell -- well. >> it's real as weage so the con cement of this purchasing is a solid -- >> i'm not that old. >>o ahead. [laughter] >> there's a lot to like thre, and i fear the debt phenomena that we have not finished, and i worry about the fact that earnings jumped 75% because it's unusual. i take it, don't get me wrong, but it's unusual that it causes me tothink twice. >> i ear ya. you know, talking about thinking twice, china, they are not great, but neither are we. china facing a big slow down, and now a lot of american companies say that they are rt becse of that, gary, are we relng on american companies, may

. >> yes, in the whirlpool's outlook was positive and whirlpool was good in latin america, and in brazilver divested that business. lieic what i heard from whil pool and you lump in honeywell and you have a picture of the industrial world where the revenues are okay. not great. but they are making more and more money. now, there are going to be people, carl, who say, i don't care the revenues are not up. those people are so wrong, it is frightening and what matters is that g.e. has not done that good, because the margins are not that good but if you get the margins up, g.e. will join the crowd of companies going higher here. >> and earlier in the week, u.p.s. blaming the weakness on the industrial economy and your point is wait for g.e. and see what they say on friday, and who do we believe? >> well, i like u.p.s. by the way frup 85 to 88. i will go with the industrial companies. i know that there's weakness over, and last night i spoke with sap to bill mcdermott who is the co-ceo and terrific and talking about asia being weak, and maybe that is what united parcels is reflecting, and we

we heard talk of whirlpools created in the sea as the ship sank beneath the waves, whirlpools which sucked people to their death just as they were yards from reaching the shore. pretty grim stuff. >> absolutely. how has the defendant been holding up as he has been listening to these stories? >> he seems to be rather serene. he has often a fairly confident demeanor, almost cocky sometimes. he is very well-dressed, his hair well done and perfectly manicured. he jokes with his lawyers and smiles when he talks on the mobile phone. he is a man who seems to be really unruffled by the tragic events which are being described. he went aground because of faulty navigational charts, he says, so he has got his mind made up. >> thank you very much for that update. in just a moment, a tragic story from india. >> first, let's have a round up from around the world. >> ceu foreign-policy chief has called on egypt to quickly return to democracy. she made the comments while in cairo. earlier this month, the military deposed islamist president mohamed morsi amid growing protests. >> british lawmakers have pas

we heard talk of whirlpools created in the sea as the ship sank beneath the waves, whirlpools which sucked people to their death just as they were yards from reaching the shore. pretty grim stuff. >> absolutely. how has the defendant been holding up as he has been listening to these stories? >> he seems to be rather serene. he has often a fairly confident demeanor, almost cocky sometimes. he is very well-dressed, his hair well done and perfectly manicured. he jokes with his lawyers and smiles when he talks on the mobile phone. he is a man who seems to be really unruffled by the tragic events which are being described. he went aground because of faulty navigational charts, he says, so he has got his mind made up. >> thank you very much for that update. in just a moment, a tragic story from india. >> first, let's have a round up from around the world. >> ceu foreign-policy chief has called on egypt to quickly return to democracy. she made the comments while in cairo. earlier this month, the military deposed islamist president mohamed morsi amid growing protests. >> british lawmakers have pas

whirlpool reports the 5-year- long slump in the u.s. appliance market is winding down. and burrito chain chipotle delivered a beefy 5.5% gain in sales in the second quarter. on the ipo calendar this week, phillips 66 partners, which includes some assets of refining company phillips 66, is expected to price around $19-$21 a share and raise $315 million. it plans to use the money for expansion and acquisitions. last week, online coupon company retail-me-not priced in at $21, opened around $26, and closed at $27.70, good for a 32% rise in the trading session. and timeshare company diamond resorts opened around $14. shares closed at $15.72. the dell dilemma continues this week. wednesday, shareholders are scheduled to vote on the direction of the computer company. michael dell and silver lake partners want to whisk the company away from wall street for a major overhaul. billionaire investor carl ichan is willing to pay more to keep the company publicly traded. heavy lobbying on both sides is expected going into the vote. still to come, what an earnings upset from apple coul

a brand new whirlpool front loading washington machine.00 but months later her clothes started to wreak. >> it smelt like a sock in an old gym bag. >> gross. >> nas ty. >> experts say it was mold growing inside. >> this is a machine supposed to be washing your clothes. >> $1,000 machine supposed to be washing my clothes. >> in fact, there were many complaints built into the late 2000. from whirlpool, kenmore, bosch and lg. >> you end up with a funky smell. >> customers are suing the companies calling it fraud. >> how many people does this effect? >> millions. >> jonathan is the lawyer suing whirlpool over it's popular duet models told from 2001 to 2008. many still in home. >> why does it happen in front loaders versus top loaders. >> in top loaders moisture comes out of the machine. but these breed mold. >> whirlpool new about the defect for years. this 2004 internal memo shows the company identified the problem and was trying to fix it. the company's lead engineer saying while mold can exist in any washer, their front load machines are th

appliancemaker whirlpool out with quarterly earnings.he company earned $2.37 a share for the second quarter, excluding certain items. that is 5 cents below what the street was expecting. revenue was slightly above consensus. but whirlpool raised its forecast citing strong underlying trends but the stock looks like it is down 1%. we'll track it as we get closer to the opening bell. >>> google shares are under pressure after the internet giant missed expectations. victor anthony covers the company for topeka capital markets. victor, thank you for coming in this morning. >> thank you. >> the good news is that they were actually able to raise revenue, the bad news is the amount they're getting on the mobile ads that dropped pretty precipitously. good news you're getting more mobile ads, bad news, can't charge as much for them. >> mobile is part of the story. the bigger part of the revenue miss came from the network partner sites. just as this is a business where they deliver search results to companies like aol, ask.com. late last year in th

they increased the low end of the guidance and really basically whirlpool did the same thing.e you, folks, things are going to improve in the second half of the year and the market buys into that. this is a very, very old story. finally i just want to note here in terms of investor enthusiasm, the public enthusiasm. money keeps going into bond funds. bond mutual funds. remember, he had four years of outflows. beginning in january we've had inflows, and this week we had 3.75 billion inflows into stock mutual funds. sue, that is the 28th straight week of inflows, and the largest we've seen since early january, so, you know, is the public back? they don't care? well, they had been caring this year and we've seen real notable ones. bond funds also had inflows. not getting a rotation but just getting money back into the markets. >> very good point, bob. thank you very much. some trouble in tech land with google and microsoft today. that's been weighing on the nasdaq, and bertha coombs is here to brief us on all of that. hi, bertha. >> reporter: that's right, sue, microsoft the bigg

reporter: it would also help companies investing heavily in green products like dow, home depot, whirlpool and insulation manufacturers, not to mention, of course, solar. >> this would give manufacturers, retailers, builders and retro fit companies an opportunity to reach consumers to say if you take advantage, you put these products in, you can have an expanded value for your home. >> this would be for loans bought or backed by the federal government but that's about 90% of the market today. the hope is to get the big banks all on board, and make green technology as hot as those solar panels are right now. for "nightly business report," i'm diana olick in washington. >>> for retirees who have a mortgage and house to maintain, downsizing could help them stretch the retirement budget at a crucial time. sharon epperson continues downsizing as we continue the series how to not out live your money. >>> john and carol visited florida beaches many times but when they calculate the cost of living there, they decided to leave new york and relocate. >> financially, florida is a very easy place to l

. >>> we begin tonight's market focus with earnings from whirlpool. they had 75% rise in profits. the company expects appliance demand in north america to improve more than thought however, the earnings per share did miss analyst expectations. analysts brushed that aside and sent shares up to $128.91. >>> investors ate up shares of chipotle after increasing the full year same store outlook. they opened 44 new restaurants in the second quarter. the stock closed higher by 8.5%. >>> the hospital operator slashed the forecast blaming lower patient admissions and the company said it was served with an additional superfrom the justice department as part of an investigation into medicare admissions. the stock was under pressure the entire day. it closed lower by almost 9% to $43.16. shares of intuitive surgical tumbled and said it expects sales of the ro bat tick surgery systems to remain under pressure. the company received a warning letter from the fda following an inspection of facilities in june. the stock finished down 7% to $392.67. >>> retail me not made the wall street debut and

looking at whirlpool. you think of your appliances at home, you think of whirlpool. great news for whirlpool jumping on the second quarter earnings the stock at the moment 128.79. sales on the rise. raising their full-year forecast. advanced microdevices, a different picture. under pressure. the chipmaker, pc demand has been dwindling, they are changing what they are doing going into gaming councils. that will cost them. stocks down 15%. back to you. lori: nicole, thank you. dennis: fed chairman ben bernanke has high hopes for fiscal restraint. for the sequester and raising the federal debt ceiling, is this guy dreaming, will congress get anything done? rich edson has more. rich: as the federal open market committee determines when the economy will be strong enough to reduce the monthly bond purchases known as tapering, ben bernanke suggest it could begin later this year as part of the justification the fed chair says the u.s. should see a pickup in growth in part if fiscal restraint becomes somewhat less pronounced, he says. though folks on capitol hill control the

where these type of companies, whirlpool raised their dividend 25% a month ago. beacon roofing doesn't pay a dividend, so you could see themmithem i initiating a dividend. there's a lot of investment in that area that will take place over not the next month, but the next six months, 18 months, 24 months, because people have deferred maintenance on their homes. >> all right. we'll leave it there. gentlemen, great conversation. we appreciate your time. thank you very much for joining us. >>> we have breaking news on federal reserve chairman ben bernanke's speech today. kelly has the details. >> maria, thanks. we can characterize this as a great speech, because that's what ben bernanke is doing here. he identified several key periods of the fed's 100-year history that have been termed great. the great experiment of its founding, the great depression, the great inflation, the great moderation and the recent great recession. while the history is interesting, we want to focus on anything that has implications for fed policy today, and, in fact, if you read between the

>> what is whirlpool. >> can you go easier?> you start off with no bik deal, then realize the questions are hard you and mostly don't know the answers to them. >> watson? look. >> history got ugly we held our own in business and tech. >> that is incorrect. >> what? >> he got it wrong. >> excellent. >> in the end, he beat us by more than double. you don't feel cheated just outsmarted. >> people saw watson they forgot it's a computer and just treated it as another contestant. >> watson isn't all about just embarrassing people, the purpose is to help people. by digging up information. he's being used in medicine but before long will be in customer service. through tech support. >> learning curve is now shorter you've got a great helper. and that is where we see goit being. >> in mountain view abc 7 news. >> yes, too bad you can't start with a teen addition and warm up to watson. >> thanks for joining us. >> who is behind meat treats. >> and the holiday was there any progress here in the bart strike? swreelt outcome of the talks go

on display at the computer history museum and try the wit against watson himself t.snchl which is whirlpoolme next time? >> you start off thinking it's a computer no big deal then you realize the questions are hard and you mostly don't know the answer to them. b realize watson does know the answer to the question. >>reporter: research software teamed up with me. >> found in central america. >> belize. >>reporter: he beat us. history geography got ugly tichlt we held our own in business and tech. >> he got it wrong. >>reporter: but in the end with the son beat us by more than double. you don't feel cheated just out smarted. >> we know people saw watson on jeopardy they forgot it was a computer and really just treated it as another contestant. >>reporter: watson isn't all about embarrassing people who thought they were smavrment ultimate purpose is to help people by quickly digging up information they may not have thought to look for themselves. >> give it a question the in english and you get an answer. >>reporter: watson already used in immediate before long also in customer service. of tec

. >> it's a devastating defeat as he's swallowed back into the cave and trapped in the thrashing whirlpoolf water and foam. life guards from the nearby beach rush to the scene on a waverunner. they're trained to combat the monstrous hawaiian waves. but have never had to fight anything like this before. to attempt the rescue, it takes two guys. one to drive and one to swim. they know that one mistake could mean smashing into the sharp rocks and becoming victims themselves. as high tide approaches, they do their best to time lulls between the swells and get close enough to grab alexander. watch how the life guard tethered to the wave runner is at the mercy of the sea. >> so, they had to quickly shoot out of the cove and wait for the next lull before they could come back in and this went on for -- it seemed like an eternity. >> in fact, after more than two hours of harrowing close calls, they're still no closer to a rescue. hugh alexander is now exhausted trying to stay afloat and alive. and then -- >> hey! hey! >> conditions seem right for another rescue attempt and alexander appears for the

whirlpool shocked the lights out, sherwin williams and let's not forget union pacific. a very bullish sign. these sectors more than off set the weakness, which is why we didn't get hammered. after google, microsoft, intell reported weak earnings. google wasn't that bad and i think it's going to get better again. please don't give up the ship if you're in there. i think you should buy it. mcdond's reports on monday morning and many are expecting a weak number. that's the chatter. when you have that kind of situation where expectations are low, be on the lookout for a buying opportunity. this is a fabulous company that's doing many things right. they're innovating, open with new hours. i say bet with it, not against it. after the close, we hear from netflix. that's a cold stock. it's hard to gain this kind of stock on earnings when it's being rated by how many emmys house of cards gets nominated for. you know i believe in netflix. i just wish microsoft or apple liked it as much i tid and buy the darn thing. tuesday morning, we get results from dupont. oh, boy. you will li

whirlpool shot the lights out. let's not forget union pacific. the big railroad that's the dominant transport layer in a narcot market that loves the transpo s transports. google and intel reported weak earnings. although, google wasn't all that bad. i think it's going to get better again. please don't give up if you're in there. if you're not, you should buy it. contrary view. let's talk earnings. mcdonald's reports on monday morning. many are expecting a weak number. that's the chatter. when you have that kind of situation where expectations are low, be on lookout for a buying opportunity. this is a fabulous company that's doing many things right. they're innovating. they're opening with new hours. i say bet with it, not against it. after the close we hear from netflix. that's a cold stock. it's hard to gain this kind of stock on earnings when it's being rated by how many emmy's "house of cards" gets nominated for. i bet we get outstanding growth again. growth is exactly what managers want. they'll look through a lot of issues if there's growth

at that point the water inside the culvert was swirling around like a whirlpool and we could see theand you know, we had very, very little space. i'm going to say anywhere from 8 to 12 inches to the top of the >> you got that? this is your line. tie it to your jacket. tie the knot right in there. untie that knot. pull that out of the jacket. it's a loop knot. i want you out of here jay. >> jay and suelina wrap themselves in the rope and prepare to escape from the dark confines of the tunnel. >> let's do it right once. >> but fear overwhelms suelina when she learns she must make the journey to the opening alone. >> everything happens very quickly and jay says i cannot come with you. i can't. they can't pull both of us out. >> there's a high level of anxiety there. you know we've got a vick still who is not responding to us verbally. she didn't want to move. she was afraid she was going to die. she was in a very dark place. >> you've got to talk to me. please, stop talking. you're going to come to me, all right? i won't let you go. >> and chris is screaming, stop listening to him. list

at that point, we, the water inside the culvert was swirling around like a whirlpool, and you could seee space. i'm going to say anywhere from 8 to 12 inches to the top of the culvert. >> jay and suelena wrap themselves in the ropes and prepare to escape from the dark confines of the tunnel. but fear overwhelms suelena p achlta when she learns she has to make her way to the opening alone. >> he says i can't go with you. they can't pull both of us out >> we have a victim who's not responding verbally. she was afraid she was going to die. and she was in a very dark place. >> chris is screaming. stop listening to him. listen to me. and it's like i couldn't change my allegiance. i was so bonded to jay who's been holding onto me under the water. >> suelena overcomes her fear and lets go of jay. rousseau gets help from a man on a small boat to pull suelena out. her head is barely above the rushing water gasping for air with every ounce of strength she can find. >> i'm exhausted. my head's going under the water. i'm still thinking i'm going to drown. and chris, chris is on the ladder and it wa

. >> drop for whirlpool down three percent. tim?econd quarter buying was going to improve. if you look at u.s. hold hold small appliances is doing, i think the stock hit its peek. i would be staying away. >> double pop here. a pop, pop if you will. pandas. sheer pandemonium. >> did you write that? >> i can't take credit for that fine line. a resident bear unexpectedly gave birth to twins. zoo keepers were expecting one offspring. the bite sized babies which only weigh 3 ounces apiece are the first born in the united states in 26 years. >> this is where you go awwww. >> seriously, those were little pandas. >> that's the way they come out. like hairless ham sters. anyway. they will follow the chinese tradition of waiting to name the new born. >> how do you know when a panda is pregnant? >> you don't need to know. >> sonogram. >> the panda was lethargic. >> and bitchy? is that what you were going to say. >> i'm not going there. >> our veers send tweets. we answer them. i use daily market commentary to improve my strategy. and my local

whirlpool is down 20 bucks off highs. when you look at latin america and the u.s.ative names have the best opportunity. >> i want to go back to headquarters. josh lipton is watching intuitive surgical which is getting slammed. >> yes. they announced preliminary second quarter results and they are below analysts estimates. the company expects revenue of $575 million and net income of $160 million. the street won this revenue of $630 million. the ceo saying in a release that they are disappointed in their performance in the quarter particularly with respect to their capital sales in the u.s. over all the procedure performance was solid, the stock down more than 11%. >> pete, the outlook? >> this is one of these names that i've always loved because i think they dwif you a great look. how are folks out there spending? are they willing to pay up? these machines are not cheap. these devices are very expensive. if they are willing to buy them. procedures are fine to address that but are they able to sell expensive machines. that could be a problem and that could say a lot

. >> i really wanna get one, but i can't decide between kenmore and whirlpool. any recommendations?>> jimmy: see what the top-selling models are. [ applause ] oh, this is a good one from abbi kritzler. "hey, jimmy, can you find someone in your audience who looks like a cross between jack osbourne and bunsen honeydew from "the muppets?" a cross between jack osbourne and bunsen honeydew from "the muppets." let's check the audience and see -- hey, how about that guy there? [ laughter and applause ] it's really fun to be an intern on our show. i have to say that. [ light laughter ] "hey, jimmy, i love the roots and i have always wondered what their favorite animals are. you should ask them." well, i love the roots, too. thank you, joanne brockington. i also wonder what the roots' favorite animals are. let's find out right now. hey, roots. can you tell us all your favorite animals? >> sure. i'll start. giraffe. [ light laughter ] >> ferret. [ light laughter ] >> rhinonerous. [ laughter ] >> stankfoot terrier. [ light laughter ] >> qwunkfish. [ light laughter ] >> fishsticks. [ laughter ]

whirlpool introducing a new white finish called white ice, thus the music, to replace stainless steel be the start of a new trend that'll make your kitchen look more like an apple store, and more importantly, will investing in these kinds of trends pay off if you're selling your house? joining us is the co-owners of city light home, dave seymour, peter sularis. thank you both very much. it used to be granite countertops and stainless steel appliances. not anymore, right? it's about toys, and everyone says no one will watch tv in the future, that ain't true based on what you're seeing. >> i don't know, we're seeing a lot of different trends. i just came back from greece last night, and i'm seeing white appliances everywhere over there. i mean, a little bit different. but i think that that could be a trend that sticks around here, definitely like you said, looking more like an apple store, you know? so we'll see how that pans out. >> yeah, until you clean it -- [ overlapping speakers ] -- right? >> -- off to the side or on the wall, why are people putting flat panels on fireplaces? isn'

take a look here at what everybody else is saying, what whirlpool said, for example.mportant thing is they promised the second half of the year it's going to be better. they raised their outlook and said north american volumes would be better than expected. mr. immelt over at began electric said the second half of the year will be better. it's the old story. we're buying on the second half promised and that's what's holding the markets up. mandy, back to you. >> thanks so much, bob. joining us now we a paul hickey and chris paulon. paul, as always, you've come armed with really interesting and fantastic stats and say the current bull market now ranks fifth on the all-time high list of the strongest bull markets out there. my question though is we seem to be losing a little bit of steam today after we hit those record highs. we are about as high as we're going to get short to medium term? >> i don't know. i mean, if this is -- if this stalling is the best the bears can muster, i mean, i don't know what -- it's not looking very good for them. last night in after hours a

laggers, marathon, mosaic, whirlpool and ford. goldman removing ford from its conviction buy list.h still rating ford a buy. the price target is 20 bucks. among the blue chips, laggers include coke, second quarter earnings drop. weak worldwide volume growth. the company talking about unusually poor weather in the quarter. we'll end on one high flyer that got crushed today. tesla, after goldman says the stock could be worth just 58. the analysts look at three different scenarios for the company in terms of total sales and operating margins, said the average price was 84 based on their models. maria, back to you. >> josh, thank you. >>> mean while, at&t taking a step to get market share from people who always want the newest phone. but there's always a catch. julia boylston with what's going on there. over to you, julia. >> reporter: maria, at&t is trying to make it easier for its subscribers to always have the latest smartphone or tablet. with the new service called at&t next, customers can skip the contract and upgrade their phones and tablets every single year. the catch is that a

, it would also help companies that are invested heavily in green products like dow, home depot, whirlpoolsulation manufacturers, not to mention, of course, solar. >> this would give manufacturers, retailers, builders, and retrofit companies all an opportunity to begin reaching consumers to say if you take advantage, you put these products in, you can have an expanded value for your home. >> reporter: now, this would only apply to loans that were backed or bought by the federal government. that is fannie, freddie, and fha. but they right now, of course, account for about 90% of the mortgage market. for more details, of course, more online, realtycheck.cnbc.com. >> all right, diana, thank you so much. if some are worried people will be approved for bigger mortgages for simply buying an energy-efficient home, this should really raise a red flag. >> indeed. as the refinancing boom slows down, as mortgage rates seem to be rising, one regular cnbc housing expert says government-backed loans are being approved again to home buyers with very poor credit scores. to compensate for the refi slowdown

. ♪ i am reaching, but i fall and the night is closing in ♪ as i stare into the void to the whirlpoolthat world from the world of jean ♪ valjean. jean valjean is nothing now ♪ another story must begin! >> pelley: the story of hugh jackman must begin in australia. his parents sailed from england into sydney harbor in the 1960s. hugh was the youngest of five, born to an accountant and a housewife. they were all together until one morning when he was eight, and his mom did something that would shape his life. >> jackman: i can remember the morning she left. it's weird the things you pick up. i remember her being in... a towel around her head and saying good-bye. must have been the way she said good-bye as i went off to school. when i came back, there was no one there in the house. and the next day was a telegram from england. mum was there, and then that was it. >> pelley: she had left the family? >> jackman: yeah. i don't think she thought for a second it would be forever when she went. i think she thought it was, "i just need to get away and i'll come back." dad used to pray every nigh

last week we had harley-davidson, we had whirlpool and dow chemical. skin. look at boards we have for you. north america, middle east and africa, not too impressive there. harley at the top is a stock i will talk about specifically. europe is still in trouble. the dow was off 6%. nu skin is off 3%. look at parts of the world absolutely on fire and why this benefits our stock market. a lot of people don't look at this. acre sharks demand for harleys up 12%. latin america, up 39%. dow chemical 3% and 11%. this is gigantic stuff, guys. just absolutely huge. i think it will keep going. a stock like harley-davidson not only have they become smart in america, last year in 2012, their sales were up with every demographic. in fact every demographic grew twice as fast as the traditional demographic. white guys over 35, women, blacks hispanics. that is amazing. they're doing smart things at home but tremendous demand overseas. tracy: is this a consumer products play? caterpillar came out and basically downgraded the whole world and global demand is coming down.