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wynn closes down lbs? no. mgm no. wynn? best in show. stick with wynn. stick with cramer! fair, straight-forward pricing. that's what td ameritrade stands for. think about it. why pay investing fees you shouldn't have to? or account fees that aren't clear? like inactivity fees? or maintenance fees? it's not right. and you know it. and the thing is, the other investment firms know it. but they do it anyway. and that's just not fair or straight-forward. td ameritrade. independence is the spirit that drives america's most successful investors. has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. announcer: some people buy a car based on the deal they get. - others buy the car of their dreams. - ( beeps ) during the lexus golden opportunity

wynn has the best balance sheet and saying that if mccal were to become public today, that's a great. and i don't want to play the poor man's win. >> there's a ferry you take from hong kong and even in the height of the crisis going there to talk to the casino owners, packed. >> unbelievable, right. >> yeah. >> wynn has the great balance sheet even when all of the bonds were getting hurt in casinos wynn never did. balance sheets rule these days, a lot of casino companies are marginal. >> i think that's -- wynn is a great stock. i've been using $70 price target. >> all things mobile, wireless and smart phones, not going away. >> there's rumors right now as we talk that chu placed an order for 5 million iphones. that literally is about what they sold last quarter, so obviously there's a lot of people in china, you don't need me to tell you that. clearly part of the 40 billion inf infrastructure program. >> not a high penetration rate, but some growth. >> this is, again, got to remember why do the touch screen work so well on the blackber blackberry -- >> do you use a blackberry with a

the top spot goes to elaine wynn, the wife of wynn resort billionaire steve wynn who sold $415 millionorth of the couple's common stock in an effort to have more cash on hand in anticipation of their pending divorce. the shares represent less than 10% of the wynns' holding in the company. time now for -- >> and they were cheaper to keep her? does that go over, or -- >> let's go to the fine trade. kick it off. >> technology rallied today, but one name that didn't perform along with it google. i actually bought some puts. >> i've got an itch about net gas. apache. >> all right. steve? >> apple. i've been waiting for an entry point. i'm tired of waiting. >> pete? >> i've got to like palm. the special sauce, the special sauce, the rbc analysis is talking about, it's all these apple guys that keep coming over to palm. giddyap. >> i'm melissa lee. thank you so much for watching. watch tomorrow for the "halftime report" and on "fast money" on cnbc. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do b

wynn is probably the class of the view. then you have lvs and mgm.ith traffic increasing in vegas, those stocks are starting to get some attention and starting to break out into more normalized levels of where they should be tradelinging. >> do you think casino stocks ought to be sold? >> i think lvs is a 20% short position. and they were on the run today. lvs was halted and they came out with a new financing plan for the city center that excited investors. that stock was 80, 90, 100? and it's $14. >> lvs is las vegas sands. that's sheldon addison, right? >> i believe so. >> he's a hero of capitalism. i think he doubled up on his bet. went into his own pocket to keep the company afloat and now they're coming back. i wish them back. got to wrap this thanks. there's still a lot more ahead tonight on "cnbc reports." >> it's the debate of the year. health care in america. >> it's unfair. the government hasn't done it the right way yet. >> people are legitimately angry. >> the ceos and the people of these insurance companies who don't know a thing. >> str

las vegas casino mogul steve wynn is again lashing out at president obama for discouraging companieshat received bailout money from traveling to sin city. the loss los angeles sun said wynn said during a conference call thursday "right now we are more afraid of washington than the economy. the president has his own office and his own group of people and they don't listen to anyone. " wynn says the president's february warning has caused companies to pull out of lucrative conventions which has hurt the city's economy. quote "our senior senate is the senate majority leader. you would think that we would have a leg up on this. we have a government that has decided anybody who creates jobs must be bad, that the job creators must have a target on their back." the government accountability office has ended the postal service to the list of high risk federal agencies because it will lose billions in the coming years. the report says the service needs a serious transformation, and estimates it will lose $7 billion this year, and another $7 billion next year. the postal service has been strug

our challenge with wynns a always been what do you pay for that stock, not is wynn the best operator out there. we always get into trouble when at 17, 18 times ebita and we think it's a little bit expensive. but wynn appears to be the most secure of the group. we talk about the regionals with you before.. we like those. >> thank you very much. we appreciate it. sounds like a lot of those regionals. we'll be back. >> all right. don't go away. hey mom i need some minutes. i just gave you some at the restaurant. yea i know. i threw them out. they were old so... old! they are rollover minutes. they are as good as new. ya know not everyone gets to keep their unused minutes. and these days we can't afford to be wasteful. saving minutes... ...saves money. yea. (announcer) only at&t's family talk with rollover saves your family's unused minutes. and saving minutes saves money. for back to school, get the lg neon for $29.99 after mail-in rebate. >>> welcome back to "squawk on the street." july ism, remember, last month it was the best since august and it improved. since august was 49 and chan

i like wynn resorts. they had a killer quarter. a little low on revs but no one cares about revenue anymore. you have taxpayers and nightclub revenue up. it's a win-win. elizabeth: eric? >> i'm all for all the gaming sector. it looks good to me. ok. gild, the symbol. my son's at camp. happy birthday, buddy. 20% of the kids have been sent home with the flu. some of it swine flu, some of it not. the point is -- i can barely breathe. >> i would send awe with a with that thing. take it off. >> this is going to be a bad season. elizabeth: kristen? >> swine flu coming back strong. i also like baxter, too. >> no, no. astrozenica, that's the big deal. >> tamiflu, they make tamiflu. elizabeth: gary b.? >> i like it. i would sell it at $55 though. and i love the outfit. elizabeth: thank you, doctor. thank you, guys. eric -- >> can i just throw this in there as well? i have a friend who works at the white house. they told me gates has a briefing file this high on swine flu. it's going to be big. elizabet

got to meet sam gold wynn, he was a very interesting man. he used to stay in touch with my career.rote the screenplay the life of general patton when i was 22. i got the job because they said, "young man, do you have military experience?" and i said yes. but the truth is i had been in military school for a year. i ran away. so patton was -- i had a screen writing career. and really, from the time i was 20, i was on my way. so this fall from grace you speak of -- once i made "the godfather," i was always famous. and even though i was broke at sometimes, because i never hesitated to risk my own money -- and i was young. so i figured, well, i'll work hard and make it back. little did i know that i was going to spend age 40 to age 50 paying a humongous -- $27 million. i used to make a payment every year, every nickel i had, so that i could keep my home in napa. so i was still famous. i was vell known. but i was also famously broke for a while. it was so cute. sophia was just a little girl at the time. we lived in a beautiful home at that time, a victorian place on the vineyards. and th

the ravens converted for the first down, michael oher pancaked renaldo wynn of the redskins, oher has now gone into the locker room for medical treatment. the ravens now facing a third and 3. flacco to throw, end zone, incomplete. wanted derrick mason a yard deep. d'angelo hall appeared to get a hand on it and breaks it up. so the opening drive of the season ends in frustration, where? in the red zone. >> stan: yes. this is just a quick timing pass, he's going to try to get it to him in that zone, in between zones, but defensive back made a great break on the football and got his hand on it. >> gerry: steven hauschka 1 for 2 last year, from 54. this one from 21 and it is good. so steven hauschka puts the ravens on the board first in the preseason. >> stan: you like those tap-ins to start, don't you. >> gerry: if you're a kicker you do. the ravens strike first with 6:15 to play. john harbaugh has his first lead to operate with. though i'm sure he was hoping to see a drive that was that impressive conclude with a touchdown. >> stan: it's a shame, because on the play, the third -- second

renaldo wynn went to a broadcast boot camp. but for jeremy long before he was in the nfl he found adulation on another stage. >> reporter: jeremy jarmins is getting noticed. he was a standout. stepping into the spotlight is nothing new for the rookie. jeremy is an actor. >> if i don't get better soon, if i can't start playing. >> it is just something that i picked up after school activities. i enjoy it and did a production on campus at university of kentucky. my sophomore year. had a good time with that. >> he is a nice guy but he gets mean on the fields. i could see him switching faces and understanding what personality benefits him. >> reporter: jarmin played the lead role of colonel jeesesup jesup. >> i come from a family both of my parents are veterans. >> reporter: we asked jeremy to recreate that line but like any good actor he needed some time to get into it. >> i got to prep for those things. >> reporter: instead we found a quick understudy for me. >> come sign me right now. >> reporter: fred smoot may not be an act or

wynn resorts is down 6%. weak in the discretionary names and electronic art 7% lower. what's interesting is that the nasdaq on track and the broader index is on track for the worst day since until 2nd. the materials index for the worst in two months. the loan gainer in the nasdaq is express. let's go down to rick. >> thanks, nesto. we are seeing kurves flattening and twos and 3s are not the best purr formances. it starts at the five-year and that is the winner of the day. look at the chart and when you expand it out. the lows yield from the last few days of july. we will call it the lowest yield for the month of august. if you want to look at another interesting area of marketing with each, look at the lqds, the corporate investment grade etf and indeed over year, you see it hasn't come down much. it only came down a bit. there is opportunity here if you are an equity short in the market place.e. the dollar index and it's just like the other contracts and today is roughly at a one-month high in terms of price. let's go to the nymex. >> we settled into a range between a

wynn resorts over and expedia down over 4%. the last thing quickly, some of the big names holding up include microsoft, intel, and dow. back to you. >> thank you very much, matt nesto. let's make sense of what's going on. off 166 on the backs of the breaking headlines. can we turn it around by the end of the day? steve is with us from red bush morgan and with me at the open and all the way from the other side of the world. covering the asian mark for cnbc. we are lucky enough to have her for a couple of weeks.s. it started in asia and let me start with you. there is so much skepticism about the chinese rally and now it started to pull back. you cover it every day. do people believe the strength in asia is for real? >> i don't know. i think the problem here is that chine acted like a global leading indicator. when things started to get better, they are on the skins on the terms of the market. maybe it will be the leading indicator and not without foundation. there was a massive lending in the first half. so much of the recession

so i think these are shorts, haven't doone it yet, but looking to pull the trigger on things like wynn, lvs. >> or you could take others who are not worry about it at all. >> what's new in techs? i don't find interests -- moses with the tablet had nor grandeur it's huge, in the blogosphere. it's just hot i hear that they denied some of the facts in the story. this is a biggie, what do we think? >> make jim goldman can help us out. >> jim, are you out there? >> i am out here. what a treat to talk to you. i never get to talk to you. >> jim, what do you think? >> the tablet has been rumored for years. tablet pcs have had little success, but these netbooks, really inexpensive notebook computers are going gang busters, so if apple could come up with something that marries its iphone technology with this low-cost netbook theory, they would have a huge winner on their hands, so i think that everything agrees that they're working on a tablet. i think this device may be out before year end. everybody at the company says no. >> can you throw -- >> which is so great that you even ask, because you

machinery producer joy global, credit card monster mastercard, fertilizer dominator potash, casino company wynn. could i recommend that any more times? these have all been recommended over and over on this show because of the superior execution in hard times that are about to get better. those stocks opened in the red. and what'd you do? the buyers used this incredibly small weakness to pounce. that's hedge funds panicking to get in. you can see it with the banks, too. they're up huge from the march lows, we know that, but not if you're looking at where they came from. these are big, gloriously liquid stocks, natural places to go for performance. so, the money managers will buy bank of america and wells fargo and u.s. bancorp endlessly on any dip over and over again. that's why i bought them for my charitable trust. i knew they had to come in. they could take all they wanted and they're doing it. oil and natural gas, down last week. what a chance to get in. even though the earnings were widely lambasted. you see, they had no choice. the big-shot money managers simply cannot catch a double-digit

wynn resorts about 80% higher and masco with a 75% move during that period of time. so there you go, earnings season through the prism, if you will. >> thank you, ernesto. ford's monthly sales increasing for the first time in two years. coming up next, ford motor president of the americas it mark fields will give us insight when the automaker could drive back into profitability after this. for clunkers program, a great deal gets even better. let us recycle your older vehicle, and you could qualify for an additional $3500 or $4500 cash back... on top of all other offers.. on a new, more fuel efficient chevy. your chevy dealer has more eligible models to choose from - more than ford, toyota, or honda. so save gas... and money... now during the chevy open house. go to chevy.com for details. every head. every bite. every gallon. every shoe. every book. every cereal. well, maybe not every cereal. but every stem. every stitch. every tune. every toy. pretty much everything you buy can help your savings account grow because keep the change from bank of america rounds up ever

wynn resorts also a terrible day, down 7%. 8% the final print. the interesting there is the second worst performer in the nasdaq 100 today. it's the best performer over the two-month period that started july 1st. also liberty media very weak here today. the only strength as we saw on the list of stocks is health care. we saw names like express scripts up and also ceflon some of the few. in fact, only four stocks in the nasdaq 100 able to make a go of it here today. back to you. >> all right, matt, thanks very much. well, stocks have been roughed up certainly over the past week. s&p 500 down over a week's time after a huge run-up in 2009. certainly from the bottom in march. but with stocks losing some of their recent momentum the dollar has been mounting a bit of a comeback. we had robert prechter on earlier talking about the dollar making a bottom and beginning on a new rally. how stru is that? we'll look into it. are investors starting to abandon stocks in favor of the greenback? joining me is tony dwyer, equity and market strategist with ftn ca

interestingly, it as well as wynn and liberty media all have been very hot and boy, are they cooling off in a fast way, discretionary stocks. express scripts, on a defensive day, it is one of the few gainers here today. also noticeable is microsoft. nobody's happy about a 1.7% giveback, but relative outperformance is real on wall street and it's what it is. it's not falling as much, nor is intel. ceflon, another drugmaker, strong here today. biotech stock up .7%. dell looking to get into the crowded handspace market via a deal with china mobile. with their new mini i-3 coming out later. interdigital down over 20% here today. a judge at the international federal trade commission ruled that nokia did not violate their patents. let's get down to brian schactman at the nymex. >> thank you, matty.. you talk about relativity.. i want to start with a broader picture. you look at reuters' crb index you'll see basically that's been down about 4% over a two-day span. it's been a giveback pretty much across the board. we focus so much on oil, and i do want to talk about oil because it's a dynam

just got wynn resorts by a nose. but there you go, 48 bucks a share and rising. the stock is raised to equal weight from underweight at morgan stanley. they see some positive trends in terms of transaction growth and just in general. they like the stock. you can see it's moving to a multimonth high. it's up, well, almost a double since the low in march. they will report their second quarter earnings on august 20th. so crm salesforce.com. back to you. >> and with about 30 minutes left before the closing bell, here's how the markets are shaping up right now. you take a look at the dow jones industrial average, it's just off its highs for the day. it's really a financial and technology-led rally today. home builders clearly strong too off that better-than-expected home sales and home prices data. nasdaq as i mentioned, that technology trade today is buzzing as the nasdaq's up, rebecca, by 2%. >> and as we told you earlier, it was another big day for treasury auctions. cnbc's rick santelli is at the cme group with more. hey, rick. >> reporter: hi, rebecca. indeed, it

i want to point out wynn resorts. there are reports that the ceo told 20% every his holdings. just take note of that. hopefully a great earnings report. they did very well with their guidance, and john mackey saying we're getting back to basics, going with healthy eating. ea sports, light on top, but strong on the bottom. garmin, the reason why they're up, their margins were incredible, over 50%, so up 21% in the premarket trade. let's see how the oil trade is with sharon epperson. >> i'll take it, brian. >>> we have mixed training with oil and gasoline both trading lower ahead of the weekly numbers. the institute -- the industry numbers, api reports pointed to a belgian crude, but bigger than expected draw in gasoline, so that's something folks will be watching for. gasoline has been something underpinning the market. gasoline prices have doubled here on the nymex since the beginning of the year, so that will be a big point of inflection today. the dollar weakness is certainly helping to keep oil prices -- rick santelli is standing by in chicago. rick, we got those good numbe

and on the nasdaq, shares of wind rolling crafts today, wynn resorts falling more than 5%. >>> fairfield's grenich advisors offering to settle fraud charges they didn't protect clients against madoff by offering to reimburse those clients. but the massachusetts secretary of state, william galvin, says no way. and he joins us here for a first on cnbc interview. sir, good to see you. >> good to see you. i must say at the outset, though, this was not a simple offer to settle. what you have here was an effort by them and its counsel to preempt a hearing by acknowledging they would not contest the allegations. our focus is on at this point making sure that all of our massachusetts investors are first identified and then fully reimbursed. >> you aren't certain that you have identified all of the investors. >> that's correct. >> but once you have, they have offered to make them whole, isn't that enough? >> well, i'm not sure that's case. again, i suggest that what they did in their preemptive filing was simply aimed, i think, at preempting the hearing and removing the issue of negotiations away f

discretionary wynn resorts down 6%. lastly in tech, electronic arts, these are some of the worst performers in the nasdaq 100 right now. dell is down 2.4%. announced a deal with china mobile to create their own handset called the mini i-3. charles schwab is in an out and out fight with new york attorney general andrew crow uomo. i fought the law and the law won, is what they're saying here today. the lone gainer of it in the nasdaq 100 here today with a, what 31 cent move higher.. let's get down to the nymex for the latest from we should call him phil shactman today, i think. >> storm is getting stronger but nobody is paying attention to me today, matt. thank you very much. commodities is down across the board. talk about crude, we boast $3.01 on friday. now we're down another $1.82. definitely trending to the downside. one trader said we went through the downside a key support levels and with the dollar stronger and above some resistance here, it's not a good recipe for oil prices today. want to take a look at bill, ac

david wynne, an electronic engineer in the portland, ore.ce, and second, franklin haynes, information technology specialist and system as analyst in the looseduluth. we applaud your efforts. [applause] thanks, again. i would be happy to continue to speak about the employee work -- the extraordinary work of our employees' everyday, the diversity of their backgrounds, brett of their work and commitment to public service is something that we all can learn from. on behalf of my colleagues on the commission and the american people who we all here represent, thanks to each of the award winners this year for your duties, your work above and beyond the call of duty. we appreciate them immensely. with that, if there are no further comments or announcements -- commissioner, please. >> [inaudible] summer internship recognition to broad watson in our office, -- brad watson in our office. if he would stand up, we appreciate it. [applause] z