you still with it? >> yes >> paul:nd intel, you like intel. naonalemiconductor down badly, proshares ultradown.e you still with those? >> i thi they'll make recoveri in this bull mket. >> paul:hey're on the mend now. right. >> paul:o you have new recommdations? >> righti do. e first recommendation is th techlogysector. >> pau x.l.m. wch yufdiked for a longime. >> itonsists of 85 stocks so you get a very broad exposureo tenology theecond one is b.m.c. softre. it is a mar internation ftware vendor. >> b.m.c., th symbol, as you might imagine. >> the nextne will be vanced micrevices, a.m.d. they're a global seconductor manufactureure, and i think they're very iortant in the miconductor area. >> paul: you know allbout technolo so all your picks so faare tech stocks. how about another one >> app would one. >> paul: everybody likes apple! >> they're liking it for good reason. it's still predominant in personal compute, music devices, cell phones >> paul: rit. and those at you recommended previous last july of 2008 are you sting with all six of them, is that righ >> year, i think they' make recovees. p

you still with it? >> yes. >> paul: a intel, you like intel. natial siconductor down badly, prosharesltradown.are you still with tho? >> ihink they'll ke recories in this bull market. >> pl: they're on the mend now. >> right. >> pl: do you have new remmendations? >> rht, i do. the first recommendation ithe chnology sector. >>aul: x.l.m. which fd liked for a ng time. >> it consists of 8 stocks so you gea very broad exposure to technology the second one is b.m. ftware. it is major internaonal software vendor. b.m.c.,the symbol,s you might imagine. the nex one wille advanced crodevices, a.m.d. they're a globsemiconductor manufactureure, and i thk they're ve important in the semiconductor area. >> paul: you know all about techlogy so all your picks far are tech stocks. how about anotherne? >>pple would be one. >> paul: everybody lis app! >> they're likg it for good reason. it's still predominant in rsonal comters, music devices, cell phes. >> paul:right. and the that you recommend prevusly last july o 2008, are yostaying with all six of them, is that ght? >> year, i think ty'll make reveries. >>au

. >> for the record, ron likes qualcomm and jpmorgan and sean clark, you like intel and you like commodities? >> what we like that whole base material theme, whether it be the stocks end or commodities p. we own copper, base metals. we just had a position in gold, companies, coal, steel, consumer discretionaries, that whole economic recovery theme is where we're placing our assets. >> okay. guys, thank you very much. ron, sean clark, straight ahead, erin? >> all right, mark. straight ahead, the banking committee ranking member senator richard shelby will be live in our studios in washington to talk about the financial regulation proposal. it is that and health care that the administration says we're going to vote and pass. will they? and we'll get a deal on that health care. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at all kinds of stocks befor

even if you look at the intels. like pete would say, the 800 pound gorilla. you look at intel. it has continued to do well off the lows, but they're all kind of stalling out here, at least approximate my mind, and that's why i'm not excited about buying them after the events have happened, after these earnings and after guidance. i think you wait until the end of this quarter plays out. you only only have to wait two, tree weeks. >> a lot of people have been talking about this for the entire summer as being a leading indicator of an economic recovery, and, you know, i still love a lot of these specialty names. i talked about braurd comthat are key to mobile communications, but when you look at the stock that's in 52 week highs and if you are not in these right now, i don't think right now is necessary where you will want to jump into this wrash the good news is we got it from texas instruments. i think that's where where jack is going with it. guys have said the chips and smart phones and the guys that have the exposure, that's where the growth is for these guides. i continue t

even if you look at the intels like pete would say the 800-pound gorilla. u look at intel it has continued to do well off of the lows but they're all kind of stalling out here, at least in my mind. 'that's why i'm not excited about buying them after the events of have happened, after these earnings and after guidance. i think that you wait until the end of this quarter plays out. you only have to wait two or three weeks. >> yeah. >> a lot of people have been talking about this space for the entire summer as being a leading indicator of an economic recovery, and you know i still love a lot of these special team names. i have talked about broadcom, that are key to mobile communications but a stock that's now at 52 week highs and people suddenly jumping into this space, if you're not into these right now i don't think that right now is necessarily where you want to jump into them. >> the good news from texas instruments, i think i think this is where zach's going with there. more people like nokyeah and guys who said the chips and the smart phones and in the ne

. >> intel got an upgrade but they are flat. >> i would buy it. if you like tech, you have to love intel. emerging market growth is coming into play. >> going to take a break. on tonightap, charlie gasparinon exclusive interview with john mack. >>> maxed out at morgan, but was this the right move and who is getting the nice next? >>> and the bears have been calling it for months. so when is that correction coming? we check the market forecast. >>> plus, it usually flies under the radar, but don't make it angry. is the biopharma trade getting ready to explode? on america's post market show tonight. >>> welcome back to the "fast money" halftime report. time for your "power lunch" trade to go. we're all watching morgan stanley which is approaching session highs right now as well as goldman sachs. pete, you're watching jpm. >> i am. we talk about best in breed. every night it seems we talk about goldman sachs. jpmorgan is also best in breed. i'm looking at the master trust data as well as the barkley's conference as two catalysts i think will be bullish. i love w

just as important is when you mention figures like moynihan and buckley you are talking about intel lectures and the conservative movement doesn't have the level of thinkers it once did. it not only makes the case better for the right but make liberals think harder and examine their own ideas, too. that's what we need in the country today. >> a fascinating book. the death of conservativism and you have a book signing on the at sixth and i synagogue on 600 i street northwest washington, d.c. we have more information on that. you can see it is tonight at 7:00. it will be on our blog at wusa9.com. a pleasure meeting you. >> my pleasure. >> we'll be right back. "breakfast doesn't really start until the grands are on the table" grands biscuits. would it really be breakfast without 'em? for money saving coupons go to... pillsbury.com. you'll never have to call them to the dinner table twice >>> a new york times reporter that was captured in afghanistan is now free. he is the second to be kidnapped in afghanistan in ers supposed to return to earth tomorrow. yesterday, after undocking from the inter

if you look at a company like oracle or a company like intel, those are mature stories. r third and forth decades. where as if you look at the alternative energy names, those are emerging. >> what sector do you want to get into right now? >> i'm more of an emerging tech guy. we're excited about getting into the solar technologies. that doesn't mean it's not a great play for a more conservative investor to buy the blue chip techs and use that operating leverage in the recovery. >> scott, one of the things i see you point out, the reason that technology has been able to do so well, they didn't get stuck with needing to borrow cash. a lot of them were sitting on large hordes of cash. they didn't get hit by the credit crunch that other companies and sectors of the economy did. >> that's right. if you think about it, there are three primary reasons we think tech has done well. the first is the relative fundamentals. you eleaded to. this is not an area that was hit as much by, say, the financial crisis or what went on in housing. the second reason is really if you were specific

you can see some of the tech names like hewlett-packard and cisco along for the ride. microsoft, no change. intelm and apple both down. that also hurts. google, you want to participate, they tell me, maria, when the market is rising. >> we've got a flat showing in some of these guys. i understand what you're saying. the beatles rock band, one of the most talked-about video games in years. a look at the impact the game could have on the video game stock, julia. >> well, maria, sales of music video games have really suffered. down by nearly half this year compared to 14% overall decline in video game sales, as cash-strapped consumers have bought add-ons for games they already own instead of going out and buying new games and new controllers. now viacom is turning to the beatles to boost its rock band video game, paying up to $50 million for music rights. it would sell for $60. electronic arts is distributing the game. its opportunity is limited. it's viacom that needs a big hit to justify it. >> it's going to be difficult for viacom to sell enough units in the near term to break even on the franchi

you choose. go national. go like a pro. >>> intelhares are up today, but have been on a tear this year, up more than 30%. we have an interview with intel's ceo, paul otellini, at 1:30 p.m. eastern time here on "power lunch." >>> also, today, the fed is meeting to decide the future course of interest rates and while most expect is fed to hold steady, the markets will be looking for language tweaks. more now from michelle jered and brian fabry. michelle, you say the question is against the backdrop of rising oil prices, rising gold, increasing treasuries supply and the dropping dollar, how long can the fed not mention the "i" word? >> if they want to keep the extended language, phrase, in the statement, it's awful difficult to start sort of suggesting you have growing concerns about inflation. at this point, you know, so many of the members believe that the huge amount of excess in the system will keep pressures low. as a result, they're probably still comfortable with suggesting that interest rates could stay low alongside inflation f

you see some o oemponents within that, the likes of intel and sandisk. even though the chips are weaker off the worst levels at day. allos therapeutic, interesting story. off the best levels. up 1 1/2% as the fda granted approval to one of the key cancer drug. the headline is the nasdaq coming back toward the flatt line. research in motion is still weak. sharon at the nymex. >> scott, the headline that traders here on the floor are paying attention to are coming out of west coast, out of los angeles. and in terms of the plant that was on fire this morning, you're looking at some live pictures, i hope, of this plant in the wilmington area. the coker unit there incorporated is has been has been effected. 62,000 barrels per day. we are seeing an impact in the product market. we are looking at live pictures of that fire that started at 5:00 a.m. this morning, west coast time, pacific time. no injuries right now. evacuations are under way. we're awaiting for a official comment from tesoro about this fire. the lift in oil prices almost a dollar here. probably

if for some reason you d't like this side of the pond, we have the risk as intel that thoughthere wassomething here nature w the end of the issue in 2008, the year in which genomics goes mainstream. that's certainly what we are talking about during the day to day. they give several examples of that. but the fact that direct direct-to-consumer testing is available is not only getting the attention of public but scientists. and in fact in their write about, they talk about the fm 23andme now offered genetic testg for $399. you can also look at a copy of nature before that in november of 2008 and read "your lifen your hands:instructions for the personal genome age." that cub -- could be the cover for the conference. look the at best invention of 2008, it is the retail dna test. i'll led you decide whether it's the best or that hassiest. they call it the best. how did we get here? in several ways. one of the human the human genome project. it's that in 50 years we went from the sequences of the distribution of the dna to the sweet sequences of our dna wiin 50 years. and in fact now the ap

you want to know the power of the tech sector. today's trading is a perfect example. the dow starts off higher, plunges deeply and on the strength of companies like intel, oracle, cisco and others, earlier the entire market stages a dramatic comeback. rallies like the one we are seeing today can be fleeting. that can't be said for tech knocks this year. big cap tech can't fall out of favor. as we head to the third quarter season, it seems optimism is gaining momentum. others like google and apple, as well. even though both of those have turned negative. ftn is out with a report this morning confirming a 10% to 15% quarter to quarter jump in motherboard shipments and user demand for desktop pcs seems to be picking up in emerging markets and stabilizing in developed ones. among the chip makers, i supply with a market improvement from the 23% decline it predicted. aside from intel, cypress, nvidia and xilinx, they are worth looking at. real question is whether this rally has legs or has gotten ahead of itself. that's why earnings in a couple of weeks or so important this time around with a recent round of upgrades. the street still thinks this rally has r

you have gains from oracle, intel and kcisco. the catalyst for today's trade, they upgraded hardware space today. names like altera. they also raised the price target on apple to better than 200 bucks. they're holding a big event tomorrow. apple shares are among the best performers. dell shares getting a lift as well. cosco got an upgrade today. let's go to sharon epperson at the nymex. >> we still have another hour or so to go in the trading day for gold. we're looking at oil though. it's really on a tear. the traders behind me, not trading too much paper. a lot of electronic trades these days. they're saying they're very bullish right now. a lot of new money that had been sitting on the sidelines over the holiday is back in this market and it's being fueled by this dollar play. crude oil or gold, it is the dollar at work today with the doll dollar index falling to the lowest levels since september of last year. gold has come off of its highs of the session. the gold is valued right now at about $34 billion. the biggest out there. that is where a lot of investors are going to play this gold play. they are looking

liking it so far. unlike any war we've had, this war is 90%, if not more, intellence. usually youd your intelligence service to identify the locatin of the enemy and their plan and then you send yo tanks, your armor, your carriers. in this battle, a place to parma could arrest al qaeda if we could find them and what they are doing. so intelligence is incredibly important. >> mr. akaka, is that right? we are the only nation that i know of that considers al qaeda operatives a military threat. every other nation looks at this is a law enforcement presence is that you? does everyone agree with that? >> no, sir. don't think that is the case anymore. . . >> i have not had that rare privilege. >> i have. have you er been to an interrogation conducted in italy. >> lo. >> do you believe that these >> there is no agency in the world intergrates because you can't say hel. i just want the world to understand, and now my team is up. the reason we have adopted is and t odd thing about this is if you go down to the military conflict, in ny ways you restrict the ability. but i think that's the ri

like us. i wake up every morning as tired as i can be intel i wake up to "fox and friends" with my three friends, my favorite. steve: younnecticut. police are moments away from making an arrest in the case of the murder of annie le. they will hold a press conference. it was delayed until 8:00. it is two minutes after 8:00. there are reports that officers have made a dna match indicating someone who works in the lap there. gretchen: he was the 24-year-old lab technician who was taken into custody and then released. during that time, police collected dna samples from him. there was a match between his dna and the crime scene. he is reportedly at a motel nearby. police have that area surrounded. brian: the medical examiner confirmed that annie le was strangled before she was stuffed into that wall. this is staggering how alarming -- any time this happens at a college campus. steve: as soon as the police have their live press conference, we will take you there. gretchen: the man convicted of sniper attacks that left 10 people dead and around washington, see -- around washington, d.c., has only a short time left to live. his